Have you come across the new Bitcoin Cash Grab app? It promises to provide its visitors with access to a “secret formula” for easily making lots of money from Bitcoin even if they don’t know the first thing about trading whatsoever.
You’re literally led to believe that you can just sign up, deposit some money & then activate the app to have it begin generating you profits.
But is it legit? Or is the Bitcoin Cash Grab app a scam to avoid?
Well, I’m very glad you came here to my Bitcoin Cash Grab review before you signed up to it because I can tell you right away the whole thing is certainly not what it seems.
What Is Bitcoin Cash Grab?
Bitcoin Cash Grab is the name of a new app that’s being promoted online which can allegedly see you easily earning thousands of dollars on autopilot as it claims to be able to trade Bitcoin entirely on your behalf.
The person that’s created it (who suspiciously remains anonymous) claims that everything’s been done for you so that you can just sign up, deposit some money with the recommended broker & then activate the system to enjoy automated profits.
You’re also led to believe that the system has won multiple awards & received many features too…
But if that’s the case then why isn’t everybody using it? If the Bitcoin Cash Grab app really works as promised then why on earth are people still working at jobs they dislike if they can sign up & earn more money without actually having to do anything?
It doesn’t make sense, does it?
Well, the answer is because the Bitcoin Cash Grab system isn’t what it seems… It’s actually nothing but a scam & rather than being set out to help you make money the only thing it’s truly set out to do is make you lose it instead so that the people behind it can earn at your expense.
The reason I can say that so confidently is because I’ve actually seen this scam several times before. The people behind it just keep changing its name in an attempt to escape the negative reviews which expose the truth so that they can continue tricking people into signing up.
But you don’t have to just take my word for it when I say it’s a scam – after all, I appreciate that you might have been hoping it was really going to work for you. Instead, keep on reading & I’ll show you exactly how it all really works below…
How Does Bitcoin Cash Grab Work?
So the whole website promoting the Bitcoin Cash Grab app basically leads you towards believing that you can just sign up, deposit some money & then activate the system in order to begin generating profits… But that’s NOT how it works.
You see there’s one very important thing that the creator of the Bitcoin Cash Grab app fails to mention which is the fact that he (or she) is affiliated with the broker that you’re forced to deposit with before you can access the system.
This means that when you deposit, the person behind Bitcoin Cash Grab gets paid a commission at your expense.
And the other thing that the creator of the app fails to tell you is that the broker you’re recommended is an unlicensed binary options broker… Which literally PROVES that the whole thing is a scam.
You see binary options brokers don’t add fees to their trades – instead, they make money when you lose money because you don’t actually “invest” via binary brokers, you basically just place a bet on whether you think the value of something will rise or fall.
This means which if you make money (which is very rare) then the broker actually loses money… So it’s 100% in their interests for you to lose. They absolutely do not want you to win whatsoever.
So with that in mind ask yourself this – why would a binary options broker (that only makes money when you lose money) want to pay commissions to the creator of a system which could supposedly guarantee you profits?
They wouldn’t – absolutely no way because it would put them out of business.
The real reason that they’re paying the creator of the Bitcoin Cash Grab app commissions is because they know that the system is actually designed to make you LOSE money – and it’s designed to make you lose lots of it.
Plus there’s also the fact that like I mentioned a little bit further above the broker is also unlicensed which means that they’re operating illegally. It also means that if something goes wrong (which it will) then it’ll be extremely difficult to get your money back.
You should NEVER deposit money via an unlicensed broker or trade/invest via a website that doesn’t display any verifiable license details. Doing so would just be like handing your money over to a stranger in the street.
But The Scam Only Begins With The Deposit…
You might be thinking that the Bitcoin Cash Grab app is all just a ploy to get you to make a deposit with an unlicensed broker so that the creator could earn a commission at your expense… And you’d be half right.
The problem though is that the scam doesn’t stop there – in fact that’s only where it begins because the creator of the Bitcoin Cash Grab scam has come up with a much more cunning ploy.
You see the creator of the Bitcoin Cash Grab app has indeed gone to the extreme lengths of actually creating a trading system & you do indeed get access to it after making a deposit like you’re promised…
The problem though is that it’s all a fake. The trading system has been built to make you think that you’re actually earning money & that the app is actually working to trick you into depositing even more money… But it’s not real.
The “app” is basically just a video game – it’s not really connected to any live markets… The “profits” are all falsified…
Unfortunately, though you’ll only be left to discover that the hard way when you try to request a withdrawal, but by then you could have lost thousands… Maybe even tens of thousands (which isn’t unheard of).
The broker will either ignore your withdrawal request, refuse it – or worse they will ask you to deposit even more money to “release it” (which of course is just a further part of the scam to squeeze more money from you).
Remember – the broker is unlicensed, they’re in on the scam too… The broker & the creator of Bitcoin Cash Grab are both in cahoots.
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They’ve Even Created Fake Social “Proof”
Honestly, the creators of these types of scams go to real extreme lengths in order to trick their victims & the creator of the Bitcoin Cash Grab app is no different as he (or she) has even created a feed of fake social proof.
They’ve basically created what appear to be Facebook comments & Tweets about the Bitcoin Cash Grab system to try to convince you that it might actually be legitimate… But none of the comments or tweets are actually real.
You see on legitimate Facebook or Twitter feeds you’re able to interact with the content. You can click on the username or profile picture to check the profile is real, and you can “like” or “reply” to the content….
However on the Bitcoin Cash Grab website, I noticed you can’t do any of that, and that’s because they’re fake…
The account itself (@BitcoinCashGrabPro) doesn’t even exist as shown below:
Which brings me onto…
Is Bitcoin Cash Grab a Scam?
Yes absolutely, the Bitcoin Cash Grab app is definitely a scam. The whole thing has been built with the sole intention of tricking you into handing over your money so that the person(s) behind it can earn at your expense.
Everything you’re told via the Bitcoin Cash Grab website is all lies – the app or system doesn’t really work as promised, it’s just a ploy to make you think you’ll be able to profit so that you’ll deposit with the “recommended broker”.
Yes, once you’ve deposited you’ll get access to the system as promised & it will indeed appear to make profits but the problem is that it’s not really connected to any live markets. The numbers are faked & the intention is to keep on tricking you into depositing more & more.
You’ll only eventually find out it’s a scam when you try to make a withdrawal (which will never arrive) and so for that reason it comes without saying that I won’t be recommending Bitcoin Cash Grab to you… Instead, I’ll be advising that you steer clear of it.
If you truly want to make good money online then you should just stick with a proven method like one of the methods found on my top picks page here.
Or alternatively, you could check out affiliate marketing which is actually the same way that I personally make most of my own money online.
It basically involves you promoting products or services online in return for commissions & if you’re interested you can learn how to do it for free over at Commission Academy.
Whatever you decide to do though I just sincerely hope that my review of Bitcoin Cash Grab here has given you a good insight into how it really works & I hope that it has helped you to avoid losing money to it.
If you still happen to have any further questions or comments then don’t hesitate to leave them below. 🙂
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