Bitcoin south african system review

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Last Updated on October 17, Finding the right auto-trading robot to invest in cryptocurrencies is always a challenge, especially for users who are new to this world. That is why we have been testing and reviewing some of the most popular platforms on the market. Bitcoin South African System is one of them. We have had a look online and the software has very mixed reviews, some say it is legit and others say it is a scam.

The State of Bitcoin in South Africa

Last Updated on October 17, Finding the right auto-trading robot to invest in cryptocurrencies is always a challenge, especially for users who are new to this world. That is why we have been testing and reviewing some of the most popular platforms on the market. Bitcoin South African System is one of. We have had a look online and the software has very mixed reviews, some say it is legit and others say it is a scam. We understand that it may be difficult to find the information that you are looking for, but that is what we are here.

We tested the robot. Unfortunately, it is a total scam. Read on to find out more about it. For those of you who are not sure what crypto robots or auto-trading bots are, they are basically software that are programmed following an algorithm allowing users to invest in auto-trading mode.

They were created to give people who lack experience in trading crypto a chance to make money by investing in the market. Of course, beginners would not know what are the most profitable investments to place, and that is where a robot would come in. You can just activate the trading mode and all of the calculations and research to place a trade will be done for you and the trade will be placed automatically. All of this happens within seconds, while professional human traders would take hours to do it.

Bitcoin South African System is meant to be one of those robots. The problem with these software is that in the past few years, tons of them were created and now it is hard to distinguish which ones are the profitable ones and which ones are the scams. False claims on its accuracy, fake user reviews, fake widgets, a lack of variety of payment options and bad customer support are only some of the things that are wrong with it. We will go into more detail on that later.

But for now, please do not create an account and deposit your hard-earned money in this robot; you will never see it. The first thing we noticed about this robot is that no one knows who founded it. There is no information available on the Internet or on the official website about. This probably means that the software is anonymously run.

Who would run such a profitable platform anonymously if they had nothing to hide? Do not trust these platforms when there is so much secrecy, it is likely to be a scam. There are quite a few reasons why we claim that Bitcoin South African System is a scam. We took the liberty to list a few of them so that you will have a clear idea of what is wrong with it.

When you first access the official website, you will be able to watch an over 7-minute video put together by the software developers. It basically talks about how cryptocurrencies have been growing over the past few years and how profitable the market has. After that, you will see lots of video user reviews. The testimonials in the reviews talk about how much money they have been making and how Bitcoin South African System has freed them of debt or has given them the house, car or life of their dreams.

The reviews are completely fake. The testimonials are probably actors; very bad ones as well if you ask me. Fake Logos and Widgets. The widget are fake as. The website is full of widgets with count downs of the time left you have to register for free.

There are also some claiming that there are only five spaces left to sign up without charge. These are completely fake, we have waited for the count down to go to zero to see what happened and of course, you could still register even when the time was up. We also tried to access the platform later in the day to see if the number of places left changed, but it did not.

No matter at what point in time you access the robot, there will be a widget saying that there are 5 places left. These are just strategies to get you to sign up for the platform as quickly as possible, but do not fall for them! Some websites also claimed that the robot was involved in fake celebrity endorsements that celebrities such as Elon Musk and Peter Jones have been warning.

Even though it is true that some scammers have used the images of celebrities to promote their products, we have not found information of this kind about Bitcoin South African System.

That does not mean that it cannot be true. Based on the fact that the robot certainly is a scam, we would not be surprised if it were involved in these kinds of activities. This means that out of trades, the robot would place profitable ones. Part of our test of the platform was of course to try trading on it. Out of the trades we made, none of them was profitable. In fact, we lost all of the funds we deposited within minutes. A platform we did make profit on when we tested it is Bitcoin Loophole.

You can access our review of the robot. We have also found the Bitcoin South African System to have no transparency about the risks associated with cryptocurrency. It seems like there is no chance that you will lose funds. The truth is that the crypto market is known to be highly volatile, so losing bitcoin south african system review is very much possible, no matter what robot you use to trade.

Usually reliable robots tell you have much profits you can expect to make when trading. The Bitcoin South African System does not seem to include this kind of information. That not only shows a lack of transparency but it is also clear that no profits can be made on this robot. Usually, the more you spend, the more returns you will probably see. With this robot, it does not matter how much you spend, you will lose all of your money no matter what you.

Stay away from this robot! The sign up process is made fairly easy, although we believe that is because the software operators want new users to get to the deposit stage as soon as possible, before they change their minds about trading on the platform. You can start your registration process on the official website. You will find a small registration form just below the main video, requiring you to type in your email address and full.

Once you have done that, you are required to type in your phone number, password and to choose your country. You may then deposit your funds. Usually, reliable brokers offer a great variety of payment options. The Bitcoin South African System only offers debit and credit cards, which says a lot about the robots efforts to satisfy any needs that customers may. Beware, it is normal for an auto-trading robot to be linked to an online broker, but the ones they are usually linked to are well known and reliable, normally using popular trading platforms such as MetaTrader4 or WebTrader.

The broker the Bitcoin South African System is linked to is unknown and has a built-in trading platform that is not transparent at all about its functions and proceedings. Any rational user would stop there and not use the platform. We had to test it though, so we took it one step. Unfortunately, we were not wrong. Within minutes, our balance went down to zero. None of the investments placed automatically by the software were profitable.

That means that between out of those 10 trades, 9 or 10 had to be profitable. The answer is no. The robot claims to be ahead of the market and guarantees great profits, but unless the robot was having a bad day on the day we tested it, that is not true. On a side note, it is not possible for a robot to have a bad day because the software is based on an algorithm that follows the same strategy for every trade, so it is highly unlikely that it will work one day and not the.

Of course, the fact that we have not made money on it does not prove that no one makes money on it. That is why we looked through a lot of the user reviews circulating online, but not on the Bitcoin South African System website. Most of them are very negative. We have seen users saying that the platform is a complete scam that stole all of their funds and never returned.

We have not found any legitimate and verified reviews claiming that they have made money on the Bitcoin South African System. Among the negative reviews, we also found people claiming that they had been scammed even before starting to trade. If you do not believe any of this, you can try it for yourself, but we are warning you, you will be losing your money. There are quite a few robots out there that we consider to be reliable and profitable. It is true that none of them can remove the risks associated with crypto trading completely, but if the software works and you follow a few tips, you will most likely see some significant returns.

These are the scam robots: Recommended Robots Our suggestion is to forget about the Bitcoin South African System and move on to a better platform, one that will allow you to really make money.

As you probably know, we tested many robots before this one and we found quite a few of them that are trustworthy, accurate and profitable. Bear in mind though that the risk of trading will remain, it does not matter which robot you will be trading on. The market of cryptocurrencies is volatile, which means that even if the platform you are trading on is accurate, you can still lose funds due to wrong investments.

However, trading with a good robot will definitely decrease the chances of that happening. Robots like Bitcoin Revolution and Crypto Revolt will improve your possibility of seeing significant returns in short periods of time. Like most of the crypto trading robots around, it promises great profits in very short amounts of time. While for most of the robots we have tested this is not true, with Bitcoin Revolution we found the claim to be true.

Crypto Revolt is another profitable and trustworthy software. Like with Bitcoin Revolution, when we tested Crypto Revolt we made significant profits.

It is true that we did not make as much profits as they promised but that is because we did not make a large enough investment. Keep in mind that you do not necessarily have to trade on these robots in particular, even though we strongly suggest you to do so.

You can trade on any robot you want, but there are a few things that you should pay attention to when deciding which trading platform to trade on.

What Exactly Is The Bitcoin South African System?

The Bitcoin South African system was an innovation that could have propelled the continent but it resulted into a scam. Want to buy using Coinmama? We may receive compensation when you use LocalBitcoins. The website is full of both written and video user reviews. Please visit Luno for its exact pricing terms.