Beware of sites like The Bitcoin Code peddling easy money

We warn of “get-rich-quick” opportunities like the website “The Bitcoin Code” from “Steve McKay” that claim to offer easy and quick money for those that sign up.

We would like to think that the majority of our readers would understand that spammy messages, social media posts, emails or adverts that claim to offer an easy way to become rich are never going to be legitimate. Yet those who peddle in such scams still manage to fool thousands of Internet users every year. Sadly, in this day and age, the Internet get-rich-quick con is still a very successful type of scam.

One type of scam we’ve seen peddled a lot this week, primarily through social media and spam email, is a website called The Bitcoin Code, which, according to its sales blurb, is a revolutionary piece of software that can make you $13,000 in only 24 hours.

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The site is jam-packed with overwhelmingly positive testimonials, pictures of investors getting into private jets and buttons to “get started”, all to the audio of a narrator constantly guaranteeing you that within only hours, you’re going to be rich.

It’s a scam of course. After signing up, it becomes clear that this website is one of hundreds of different (yet awfully similar) websites that trick people into trading with Binary Options. Binary Options trading is an incredibly risky way of trading, by predicting whether a particular stock will rise or fall in a short period of time. Guess right and win, guess wrong and lose.

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Sites like The Bitcoin Code (which, by the way, has absolutely nothing to do with Bitcoin crypto-currency) purport to have software that can “beat” Binary Options trading and make you rich. They don’t – and most people who start trading will probably lose the $250 investment they’re forced to pay to begin trading. As such, these websites are akin to websites claiming you can beat online casino games, only the odds are probably even worse.

Yes, the testimonials on these webpages are fake, and the photos of yachts and private jets, as well as the photo of “creator Steve McKay” are just online stock photos. The people behind these scams are actually anonymous, so you’ll have no one to confront after you lose all the money you put into this scam.

For our recommendations on how to make money on the Internet legitimately, click here. Also, read more about Binary Options trading scams here.