Trading is a complex world, and even though everyone has access to a trading platform easily, learning the ropes remains challenging. Bitcoin Revolution promises to help beginners connect with professional firms that will give them educational tools.
Today, weโre looking at these claims and tell you if Bitcoin Revolution is legit or not. Our experts have discovered several issues with the service.
This part sums up what our investigation showed about this platform. A red flag is a bad point, each category can receive up to 5 flags. Youโll also see a short analysis explaining the score.
Category | Score | Analysis |
---|---|---|
Terms & Conditions | ๐ฉ๐ฉ๐ฉ๐ฉ๐ฉ | Terms states the company is governed by French law, but the AMF has issued a regulatory alert. |
Licensing | ๐ฉ๐ฉ๐ฉ๐ฉ๐ฉ | Not only isnโt this company regulated by any financial authority, but it has been flagged by several, including the AMF, MFSA, and OSC |
Available Information and Transparency | ๐ฉ๐ฉ๐ฉ๐ฉ๐ฉ | The contact page is a form where you enter information, but thereโs nothing about the company. |
Product Presentation | ๐ฉ๐ฉ๐ฉ๐ฉ | Nothing specific about the third parties. No tangible explanation on what users will receive. |
Bitcoin Revolution is a service offering to provide users with trading education and access to third-party trading platforms. This business emphasizes the educational aspects it brings to users. According to the website, the service is free, which begs the question: How do they make money?
The most obvious answer is that they get a commission from these third parties as they bring in clients, but thatโs not their only way of making money. We discovered that upon filling in the form, many users have experienced numerous calls from unknown companies.
Through this section, our experts will explain Bitcoin Revolution AIโs overall score, as seen in the Red Flag score table. Youโll learn more about the deciding factors behind this BitcoinRevolution review.
Despite what you can read in the T&Cs, Bitcoin Revolution isnโt regulated by any financial authority. Even worse, several entities have issued alerts about this service. French, Canadian, Belgian, and Maltese authorities have labeled this service as problematic.
The T&Cs of Bitcoin Revolution are generic, but theyโre excellent at limiting the companyโs liability once youโre linked to a third party.
Moreover, it claims to follow French law, but if you read the previous section, youโll know itโs impossible.
The Privacy Policy gives the company and its partners every right over the data you provide, and as weโll see later in this review, they use it.
Bitcoin Revolution claims that its service is free. They donโt have an entry fee, and they only connect you with professional firms. Thatโs because youโre the product, their goal is to get your personal information and sell it to the highest bidder.
Users have been unable to get their information scrapped or to delete their account, and some claim to have received threats. It doesnโt help that the presentation remains vague and generic.
During our investigation, we couldnโt find company information. It was impossible to find an address, a phone number, or even an e-mail address. The only way to contact them is, once again, to give your information. This tends to confirm that theyโre not interested in trading at all, they just want to build a database to sell.
It doesnโt happen often, but Bitcoin Revolution has some user reviews. Once you filter out the ones they wrote, youโll easily get why you shouldnโt trust Bitcoin Revolution. Here are some of the most relevant reviews we found on Bitcoin Revolution Trustpilot page.
Bitcoin Revolution is definitely a service you want to avoid. Once they hook you in and get your personal information, youโll get countless calls trying to scam you out of your money. Thatโs because thereโs no trading service behind it. Theyโve also been careful to avoid people from the US, probably because they know the SEC can actually get them. Weโre not the only ones saying it, users, and financial authorities agree.
Bitcoin Revolution claims to connect users with professional trading firms but is flagged by multiple financial authorities.
It likely profits by referring users to third parties unregulated brokers.
Users have reported difficulties in deleting their accounts and stopping unsolicited calls.
Withdrawal options may depend on the specific broker you’re connected to.
At AlertoPedia, we rate companies based on several key factors including regulatory status, website status, geographical licensing, and historical data concerning any warnings or sanctions from financial authorities, reflecting the company's trustworthiness.ย
Regulatory Influence
The licensing status of a company plays a significant role in our review process. Companies regulated by reputable authorities typically receive a more favorable rating, reflecting their adherence to stringent financial standards and consumer protection laws.ย
Ongoing Monitoring
Ratings are initially established based on the most current data available and are subject to change based on new information or regulatory actions. We continuously monitor regulatory actions and company behavior to ensure our ratings remain current and accurate.