Bitcoin Loophole Review – Attention! It’s a 100% Scam!

Can the Bitcoin Loophole team show you how to make $13K in 24 hours or is it a scam? I inspected this software and give an unbiased opinion in this Bitcoin Loophole review. It’s a seemingly legitimate offer, but you’ll be surprised by the truth! 

Bitcoin Loophole Scam Review

Product Name: The Bitcoin Loophole

Product Type: Trading Software

Owner: Steve Mckay (Fake Name!)

Price: $250 Deposit

Recommended?: No! Scam alert!

Quick Summary: Bitcoin Loophole is 100% scam created by an unknown person. Steve McKay is a fake character, which is proved in this review. The scheme is designed to funnel you to an unlicensed broker and to convince you to deposit your hard-earned cash while some software manages the trades for you. The broker, RI Markets is not trusted. The bottom line is, you could lose a lot of cash because it’s a scam!

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Guys, I review shady digital products, courses, push-button systems, software & bots every day. It’s become a regular thing for me to listen to this kind of get-rich-quick BS and to recognize a scam as soon as I see one.

It’s not an intuition speaking; this is a raw experience.

You see, Bitcoin Loophole is a scam and I have evidence!

Like every other of its kind, it’s a ‘get-rich-quick’ scam designed to put its hand into your bank account slowly. There’s no software, bot, secret system, money-making loophole or anything else these guys are trying to feed you that can help you make thousands overnight!

In my mind, those words translate themselves to ‘come here you sucker and give us your money.’

By the way, congratulations on researching before getting into things head-first.

In this Bitcoin Loophole review, I share my unbiased opinion about this ‘software’ and whether it works or not. Also, I researched how much could this potentially cost you. Lastly, I give a list of evidence that Bitcoin Loophole is a scam.

What is Bitcoin Loophole?

Based on the information from the video pitch, Bitcoin Loophole is the world’s most compatible software for Bitcoin exchange that makes it virtually impossible to lose. The software is guided and directed by a team of savvy cryptocurrency traders. All you need to do is to sign up, activate your account, and start trading.

According to Steve Mckay, everything is legal and ethical. His Bitcoin Loophole software is guaranteed to make $13.000 in the next 24 hours for the following 25 lucky individuals.

How can you start? Well, by depositing a few hundred dollars from your bank account to Steve’s and you’re set to go.

Bitcoin Loophole Scam Sales Page

Who would’ve known that trading is that simple?

Now, let’s stop for a second and think about it.

When someone tells you that all you need to do is send him a few hundred dollars and he’ll make you thousands in less than 24 hours, what do you think that person is trying to do, help you or scam you?

The truth is that the Bitcoin Loophole trading software is not even a real thing; it doesn’t exist. Technically speaking, the whole story, logo, and the video are only a marketing funnel designed to lead you to something else.

How Does Bitcoin Loophole Work?

You’ve been told that Bitcoin Loophole works in simple three steps. That is, create an account, deposit some cash, and watch the money roll in. However, Steve hasn’t mentioned how it really works. He claims that his team of ‘experts’ is going to take care of everything for you.

Based on my research, after you create an account, which is free, you’ll be redirected to an online broker website called RImarkets. There, you can deposit the money and start training using the provided online broker.

RImarkets Scam

Let’s make things clear before I tell you more about the broker.

As I’ve said, Bitcoin Loophole works on the principle of the marketing funnel. It’s designed to funnel you to a broker. If/when you deposit the money to the account, the person who has created the funnel is going to receive a commission because he or she works as an affiliate for the online broker.

At first glance, this company seems to be legitimate. However, there are many claims on the internet that they are not trustworthy.

I’ve found out that some people have tried to see how this software works. Here’s what’s happened.

According to my resource, the software is programmed to win you a few trades as soon as you start trading. Then, you start receiving calls from their brokers to deposit more money. It’s a logical thing to do because you are winning as they’ve promised. Shortly after, because the software is rigged, you’ll start losing trades. And with them, all your cash will be gone in a matter of moments.

The Bitcoin Loophole guys will justify their actions by telling you that the market is unpredictable. Your money will be lost, and there’s nothing you can do about it. In other words, it’s a scam!

What’s the Price of Bitcoin Loophole?

As Steve has told you, all you need to do is deposit $250 or more (!) to get started with Bitcoin Loophole software.

Bitcoin Loophole Scam Price

However, if you remember what I’ve told you, the software is designed to gain your confidence after you win a few first trades. So, there’s a possibility that you’ll be called on your phone to make even more massive deposits as soon as you start trading.

This adventure could potentially cost a few thousand dollars if not even more!

Is There a Refund?

As far as I was able to see, there’s no refund available. The Bitcoin Loophole software is free.

However, I discovered that there is a possibility to get your money back if you have felt on this scam. If you have lost over $3000 and have evidence that you didn’t get the results promised by the company, you can contact MyChargeBack.com. 

These guys can help you to get your money back.

Who is Bitcoin Loophole for?

Technically speaking, it could be for people who are looking to start trading with Bitcoin and other cryptocurrencies.

But then again, trusting your money to some shady brokers would not be the smartest thing to do. In my opinion, Bitcoin Loophole is for no one because I have evidence that it’s a scam.

Bitcoin Loophole Warning Signs

To support my claim from the previous paragraph, here are five different warning signs.

1.) Get Rich Quick Sales Page

The whole video is full of ‘make money without effort’ extravaganza. Steve Mckay talks for 10 minutes without stopping about how you can start making thousands as soon as you start with his ‘magic’ software. He even promises that you can make $13K in the next 24 hours! That’s not all. He also shows you a live account to prove that it’s possible.

Bitcoin Loophole Scam Income Claim

I hope you don’t believe that BS.

You see, these kinds of promotional websites or in other words funnels, are designed to aim at people who are struggling financially. The creator of the Bitcoin Loophole is offering a quick fix to all your financial troubles as soon as you leave your email address. The truth is far, far away from that.

2.) Steve McKay is Fake Character

All we know about Steve Kckay comes from the Bitcoin Loophole video. He introduced himself briefly, and that’s all she wrote. Speaking of which, you could hear a fascinating story about his invention and a boss who stole his idea. By the way, that’s all fiction and has nothing to do with real life. If you ‘Google’ Steve Mckay, you’ll see that this name is connected with many other Bitcoin scams.

Bitcoin Loophole Review Steve Mckay

Bitcoin Loophole Review Stock Photo

The creators of this funnel are affiliate marketers. They have created Steve Mckay’s character to mask their true identity. There’s nothing illegal here. However, it shows that even those who are behind this offer know that it’s not worth it. Otherwise, they would proudly stand behind their product as many real online entrepreneurs do.

3.) Fake Scarcity

The real owner of the Bitcoin Loophole sales page is aware that pressure can push people into a decision mode. In other words, the pressure created by fake scarcity can force you into spending your hard-earned money without a second thought. The trick is as old as marketing itself.

Bitcoin Loophole Scam Fake Scarcity

That’s why you can see that sign on the bottom of the page counting down the number of copies left. Or you can hear the spokesperson urging you to sign up for this once in a lifetime opportunity before it’s too late. Understand that it’s all fake and designed with an intention.

4.) No REAL Client Testimonials

The only testimonials for the Bitcoin Loophole are those that are coming from the video. If you remember, Steve showed you a few Facebook posts. In my opinion, those testimonials could’ve been written by anyone. You shouldn’t take them seriously at all since they are only Facebook testimonials.

Bitcoin Loophole Scam Fake Testimonial

You can hire people (freelancers) all over the net to write you a reference. So, I guess that Steve, or whoever the real owner of this funnel is, has done the same. I mean, if people were making money with Bitcoin Loophole, it would be easy to find them and even reach them personally.

Don’t you agree?

5.) Magic Software is an Unlicensed Online Broker

You probably already have made this conclusion by yourself, but I’ll point it out one more time. Trading software or bots or any other nonsense that is supposed to make you money without your partake are BS. The owner of the Bitcoin Loophole knows that people are ignorant when it comes to this line of business, so he offers a magic software to do the work instead of you.

Even worse, the company he promotes is not registered or licensed. According to my research, RImarkets doesn’t own a valid brokerage license.

In reality, there’s no such thing that can make you money on autopilot. Trading bots and software may assist you in the process, but they can’t do it for you. Moreover, there are plenty of licensed and trusted online brokers, such as ForTrade, that can help you to start trading bitcoin.

Is Bitcoin Loophole a Scam?

Bitcoin Loophole is a scam! If you are not satisfied with my review, check out what Mirror has to say about it.

In my opinion, it’s an unethical funnel full of ‘get rich quick’ BS. It’s designed to excite you about making money by trading Bitcoin and other cryptocurrencies. Everything that you’ve been told is fake and has nothing to do with real life.

Technically speaking, Bitcoin Loophole doesn’t even exist, and therefore, it shouldn’t be trusted. Moreover, the online broker to which you are redirected is not registered and authorized by FCA in the United Kingdom or ASIC in Australia.

You can take a look at a copy-past scam (The Bitcoin Code) that use the same story and characters to get you in.

Do I Recommend Bitcoin Loophole?

I don’t recommend this, whatever it is. I advise you to put your card back in your waller and click the X button as soon as you land on something like this in the future.

I’m seeing landing pages/funnels like Bitcoin Loophole every day. Affiliate marketers are creating these overhyped funnels to get as many leads as they can. They create stories, fake proofs, and even give counterfeit testimonials to make the offer look irresistible.

But in reality, they are affiliated with a specific product or service they’re trying to promote. Every affiliate earns a commission each time he successfully turns a lead into a customer. There’s nothing illegal here. However, the way they’re doing it is not ethical at all.

How to Start an Online Business for Free?

Thanks for coming to the end of this Bitcoin Loophole review. It shows that you are a serious person who takes every step with the most attention.

If you are interested in learning how to start an affiliate marketing business for free and make money online, I got here a great alternative to those money-sucking offers.

A few years ago, I found Wealthy Affiliate, the most legitimate online platform for making money with affiliate marketing.

You see, making money online is not an easy task. However, when you have the right training, tools, and support, it’s more than possible to make it and in a reasonable short time, as well.

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If you need any help or you have a question, feel free to contact me.

All the best, Ivan.

Ivan Head Shoot

Founder, and CEO @freeaffiliatemarketingbusiness.com

27 Comments

  • Hello
    I’m glad I found your article because it will avoid me and other people, especially novices, from falling into those kinds of sites that claim to be able to make people rich overnight.
    And I think the best formula for making money is the steps you gave towards the end of the post.
    I checked out your first recommendation but I found that you were talking about Wealthy Affiliate. I am interested, but I have a question: What I want to know is how long I can be a free member before upgrading?

    Reply
    • Hi Sebastian, beware of this site or any other that claims to make you money on autopilot or without your partake in the process. Just for your sake, here’s another review of the site which is exactly the same as this one, the Bitcoin Code.

      I’m glad to see that you are interested in Wealthy Affiliate. You can open a Starter (free) account and the first seven days you’ll have access to almost everything. After seven days, you lose access to some Premium features such as live chat and community, but you keep two free sites and access to Level 1 of Online Entrepreneurship Certification course as well as Level 1 of Bootcamp. You can stay a free member as long as you want. There’s no time limit.

      Ivan

      Reply
      • Hi Ivan,
        Got it!!, I thank you for the answer! That’s what I want to do. Having my own website really means a lot to me. From what I have read on your site I think Wealthy Affiliate can be useful to me in my online adventure. I will create a free site first and prepare for a yearly premium membership. I realize that this saves me more money.
        Thanks again for the help.

        Reply
        • You’re welcome! It’s my pleasure to help you out with any questions regarding WA and making money online. Yes, I would recommend a yearly membership but only if you have a year-long plan to stick to the training, which I have no doubt that you do. Enjoy the platform and I’m looking forward to seeing you succeed!

          Ivan

          Reply
  • Hey Ivan,
    Thank you for such an informative post.
    Yes, you are absolutely right today the kind of digital products we find online most of them look shady as hell just by reading about them only. For some time I was looking for products for some financial growth, which can help me in investing but since then I came across so many products which look so shady just by reading their review only and due to them I start thinking the same about other products also.
    Thanks for the information mate.

    Reply
  • Great article! Bitcoin loophole is one of the worst scams I’ve seen out there, under different names, over several years they’ve scammed unknowing people wanting to make a better life, for thousands of dollars. The work you are doing to out these people is great!

    Dearest Regards, Torgny.

    Reply
    • Hi Torgny, thanks for leaving your comment. Beware of products like this. Always ask Google first before trusting these people.

      Ivan

      Reply
  • Hi I would like to thank you for this amazing, interesting post about Bitcoin Loophole. I was lucky enough that a friend got my attention on crypto currency back in 2013 when there wasn’t much information on Bitcoin and it was hard to purchase, but it was cheap and I felt it had potential.It has now made me a lot of money. Your article opened my eyes on how lucky I was to get in early and how important it is to do your research.

    Reply
    • Hi marcuscbb, thanks for leaving your comment here. I’m happy to hear that you’ve made a lot of money investing in Bitcoin while there were zero scams. I agree it’s very important to do research before getting into things. I hope this post was helpful.

      Ivan

      Reply
  • Bitcoin, isn´t it a huge bubble?  About to burst?

    I couldn´t agree more that you have to be so careful in signing up to anything with this sort of site in the internet. It sounds a bit like a modern day pool hustling way of making money for the hustler and not for you! Thank you for the warning about this Steve McKay character. I will avoid ! I´m glad I found your site to warn me and a friend of mine who is seriously into Bitcoin despite the warnings about it being a bubble.

    WA sounds interesting. I have to say at first glance it loos good. But isn´t there a monthly fee?  I et it goes up over time. How can you be really sure its not a scam or a pyramid selling technique?

    Reply
    • Hi trevor, thanks for stopping by and leaving your comment. Maybe 🙂 Anyway, beware of Bitcoin scams.

      I’m sure that WA is not a scam or pyramid selling because I attended all their training courses. They teach people how to start a niche marketing website or in simple words, they show how to start blogging and make money via your site with affiliate promotions or Google ads. They are free to join and you can keep access to the platform without any charges. However, they offer premium membership, which unlocks all the tools as well as advanced training. The first month is only $19 (discount), and after that is $49 per month. The price is fixed and it does not increase over time.

      Ivan

      Reply
  • I have fallen victim to such scam artists in the past, their dubious and mischievious apps and websites looks like the real deal meanwhile it’s a fake. After they get money from you they start communicating with you or block your account or you may not be able to access the website from the device you have been using. I was scammed by some that promises to double my investment on a daily basis, another who promised to give 200% turn over every month. I am not surprised at your discovery of the fakeness of this fellow, thank you very much for this exposition.

    Reply
    • Hi Samikingss, thanks for leaving your comment here. I’m sorry to hear that you’ve fallen to such a scam before. But thanks for sharing your experience with the rest of my readers! Much appreciated.

      Ivan

      Reply
  • Hello, You have done a grate work for people to keep them away from scam sites. Now while reading I know technically speaking, Bitcoin Loophole doesn’t even exist, and therefore, it shouldn’t be trusted. Moreover, the online broker to which you are redirected is not registered and authorized by FCA in the United Kingdom or ASIC in Australia. Thank you for your awesome guide and review.

    Reply
    • Hi Harish, your comment is much appreciated. Thanks for stopping by. I’m glad that my post was helpful.

      Ivan

      Reply
  • Many thanks to you for sharing an excellent article with us and for discussing such an informative article .It is designed to be returned to an unlicensed broker and to persuade me to deposit my hard-earned cash. Yes Bitcoin Loophole is a scam. I was looking for products for some financial development that helped me a lot in investing .Bitcoin loophole trading software doesn’t really exist. I’ve been working at Wealthy Affiliate Marketing Place for a long time and through your article I realized this Wealthy Affiliate Marketing Place is safe for me. Because there are many tutorial videos for learning wealthy affiliate and providing many types of tools for making money, I have been able to take my website to a very good level. And I think through that I have had a lot of success and saved a lot of my money working here .The most legitimate online platform for making money through affiliate marketing. 

    Lastly, I hope that by reading your article, everyone will know about Bitcoin Loophole and will take on a premium membership to work at Wealthy Affiliate and share their new experiences with affiliate marketing success.

    Reply
    • Hi Shanta Rahman, I’m glad that my article was helpful. Thanks for leaving your comment as well as your experience.

      Ivan

      Reply
  • Hello there! Thanks for the review. I just can’t imagine how many people would have been victim of Bitcoin loopholes.  I hope this article goes viral so everyone can learn about Bitcoin loopholes been a scam. Thanks for this information, I consider it a life saver as it will help many not to be scammed by this people.

    Reply
  • Great review content. I was approached by a Telegram group called forextrade where they use the same scam technique.

    You did a great job in exposing “The Bitcoin Loophole”, there’s a lot of scams on the internet and review website like yours need much exposure. The extensive research that you have done on this so-called “Steve Mckay” is remarkable.

    You remind me of the people on the documentary “Don’t F*** with cats”. Overall remarkable job my friend.

    Keep doing your work, we support you!

    Reply
    • Hi Michael, thanks for leaving your comment. Yes, Steve McKay is a fake character and the whole scheme is based on a lot of lies. I’m glad you’ve found this article helpful.

      Ivan

      Reply
  • Thank you so much for the review of Bitcoin Loophole.

     I also wanted to invest money in Bitcoin Loophole myself but after reading your article I found out that I was going to make a big mistake in my life. At the right time, your article saved me from the scam of Bitcoin Loophole.you really wrote a very important article about Bitcoin Loophole.this article really helpful for us. Thank you so much and also Thanks for recommended Wealthy Affiliate. I am a premium member of a wealthy affiliate. I also do work with a wealthy affiliate. I think the wealthy affiliate best platform for Affiliate marketing. Because they give us free training about affiliate marketing.

    Reply
    • Hi MD Mamun Hossain, I’m happy to see you doing a research before handing over your hard-earned cash to scammy sites like the Bitcoin Loophole. Stay safe! Also, I’m glad that you like Wealthy Affiliate. The program has helped thousands to start a successful online business and earn a living from the net. Best of luck to you!

      Ivan

      Reply
  • Really informative post, thank you very much for giving such a lovely suggestion. I didn’t really know that much before. after reading your article I came to know about “Steve McKay” as well as “Bitcoin Loophole” and I became aware. Besides, I had known from you about the “Wealthy Affiliate” site and I’d joined with them as per your advice and I am better than ever. It’s very difficult to earn money online but. If everybody follows your recommendations properly then they act according to your advice, they will succeed like me.

    Reply
    • Hi smjtuhin, your comment is much appreciated. You’re welcome and thank you for checking out my Bitcoin Loophole review. I’m happy that you took my advice about Wealthy Affiliate. The truth is that it’s difficult to earn money online. It takes a lot of time and works to make something out of nothing. Stay persistent and keep moving forward! And beware of scams and ‘get-rich-quick’ schemes.

      Ivan

      Reply
  • Yes, you are absolutely right today the kind of digital products we find online most of them look shady as hell just by reading about them only. For some time I was looking for products for some financial growth, the best formula for making money is the steps you gave towards the end of the post.I checked out your first recommendation I found Wealthy Affiliate, the most legitimate online platform for making money with affiliate marketing. Everyone can earn good income.

    Reply

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