Bitcoin Gemini claims to be an award-winning trading app that can enable you to “become rich” through hands-free automated trading & it even claims to have been backed by the likes of Gordon Ramsay.
You’re led to believe by the app’s founders that you can simply just sign up, make a small deposit with the broker that they recommend & then activate the app in order to begin generating completely passive profits.
Plus if that already didn’t sound good enough on its own, the FAQ on the Bitcoin Gemini website even states that members “typically profit a minimum of €1,111.36 daily”… Allegedly.
But if that’s true then why isn’t everybody using the Bitcoin Gemini app? Why are people still working at jobs they dislike if the Bitcoin Gemini app can enable them to make money so easily?
Is Bitcoin Gemini a scam?
The answer is yes, unfortunately the Bitcoin Gemini app is indeed a scam (as you likely suspected) & it hasn’t really been endorsed by Bill Gates or Gordon Ramsay.
The good news though is that in this review of Bitcoin Gemini I’ll not only be explaining why it’s a scam & how it really works, but I’ll also be sharing the legitimate alternatives that you can use to actually make money instead.
So if you were thinking about joining Bitcoin Gemini or you simply want to learn about the alternative ways that you can legitimately earn online then be sure to keep reading as I’ll be uncovering everything you need to know.
What Exactly Is The Bitcoin Gemini App?
Essentially the Bitcoin Gemini app is supposed to be a free app that’ll trade Bitcoin profitably entirely on your behalf, and the website promoting it claims that it’ll enable you to “amass a fortune” with just a few minutes of work per day.
It also claims that it’s been featured in various news publications such as CNN, Times & Forbes, and that it’s been backed by the likes of Bill Gates, Richard Branson & Gordon Ramsay.
So how does it work?
Well according to the creator’s claims the app has been developed on superior technology which puts the software ahead of the markets by 0.01 seconds, and it’s this so-called “time leap” that allegedly enables it to make profitable trades with a 99.4% level of accuracy.
The problem though is that that’s all complete-utter nonsense.
In reality the Bitcoin Gemini app doesn’t really work as it claims & it’s nothing more than a mere scam. Plus it hasn’t really been featured in any real news publications & nor has it been backed by any of those famous names.
There are a few reasons I can say that so confidently as you’ll soon see in this review but the main one is because I’ve actually seen this exact same scam several times before launched under various different names.
The people behind it simply keep on changing its name every so often so that they can escape the online reviews which expose the truth about it in an attempt to continue tricking people into signing up.
So the name & appearance may have changed a little, but the scam remains exactly the same.
And you’ll be able to see that first-hand for yourself below as I explain in finer detail how the whole thing really works & why it won’t really help you to make money like it claims it will…
How Does The Bitcoin Gemini App Work?
As mentioned above, in theory you’re supposed to be able to simply sign up, make a deposit with the broker that’s recommended with you & then activate the system in order to begin making money.
However there’s something that the creator of the Bitcoin Gemini app is hiding from you, which is the fact that he (or she – whoever is behind it) is actually affiliated with the broker that you’re recommended to deposit with.
This means that if you sign up & deposit with the broker, the broker will then pay the creator of the Bitcoin Gemini app a commission for referring you.
So why is that bad?
Well the broker that you’re recommended to deposit with isn’t a “normal” broker, it’s a binary options broker & those guys work very differently to normal brokers.
You see through a normal broker you would invest in something, then if the value rises or falls, your investment rises or falls accordingly.
However with a binary options broker you don’t actually invest in anything. Instead through a binary options broker you simply place bets on whether you think the value of something will rise or fall over a certain period of time.
This may sound relatively easy however the periods of time are usually under as little as 60 seconds which means it’s nearly impossible to predict the result with any sort of accuracy whatsoever.
But the important difference here is that a binary options broker pays you any profits out of their own pockets – since you simply placed a bet with them. If you guess wrong, they keep your money… If you guess right they give you your money back plus a bonus.
This means that binary options brokers don’t want you to win.
They want you to lose.
So with that in mind, ask yourself this… Why would a binary options broker (who only makes money when you lose money) want to pay commissions to the creator of a “guaranteed winning” system for referring you?
There’s no way they would, because if the system could really guarantee you profits then it’d put the broker out of business overnight.
Therefore the real reason they’re paying the person behind the Bitcoin Gemini app commissions is because they know the system isn’t really designed to help you make money. It’s decided to make you LOSE it.
The Broker Is In On The Scam Too
Yep that’s right, both the creator of the Bitcoin Gemini app & the broker that you’re recommended to deposit with are in cahoots together & they’re set out to part you with as much of your cash as they possibly can.
You see you might be thinking that after depositing via the Bitcoin Gemini app you’ll just be left to find out that the whole thing doesn’t really work as promised & that you’ve lost your money but nope, unfortunately the scam is much more cunning than that.
Instead, after depositing you will indeed actually get access to the app as promised… And the app will also appear to make profitable trades on your behalf as the website claimed which may lead you towards believing that the whole thing’s actually working.
However the problem is that it’s all completely fake.
The Bitcoin Gemini trading app isn’t actually connected to any live markets, it’s basically just a video game & it’s intention is to simply make you think that you’re profiting (when you’re not) so that you’ll deposit more & more money.
You’ll only discover it’s all been a scam when you finally push for a withdrawal & realize that it never gets processed. This is the point where the broker will begin coming up with excuses to prevent you from getting your cash.
What’s worse though is that sometimes the brokers have even been known to take more money from people when they try to withdraw by asking them to pay a “withdrawal fee” or “withdrawal tax”.
Of course though the fee/tax isn’t real, it’s just one last trick the brokers use to scam even more cash out of people.
Bitcoin Gemini – Gordon Ramsay
One of the main reasons so many people have been caught out by these types of binary options scams like Bitcoin Gemini & Bitcoin Future is because the people behind them have promoted them via fake news websites to trick people into thinking they’re legit.
Take this Bitcoin Gemini app for example – the creators have created a fake news website that claimed Gordon Ramsay was using the software as shown below:
But surprise surprise Gordon Ramsay hasn’t really used the Bitcoin Gemini app, and his name was also used when the creators were pushing the previous version of this same scam under the title of Bitcoin Revolution.
In the last binary scam I exposed, Bitcoin Blueprint, the people behind that were using Piers Morgan’s name… It’s a common trick but it’s also easy to see how people can get caught out by it as to the untrained eye the “fake news” can be very difficult to tell from the legit stuff.
What I’d say though is that it all boils down to the following good old phrase:
If it sounds too good to be true, it probably is…
So with that in mind even if you see something promoted by what you believe to be a real news site or a real celebrities profile I would always advise that you do your due diligence before signing up.
The Other Red-Flags That Prove It’s a Scam
First of all, there’s the fact that the people/company behind Bitcoin Gemini remain completely anonymous. There’s absolutely no mention of who’s running the show anywhere on the Bitcoin Gemini website.
So putting money into that site would be like handing a stranger money in the street…
Then there’s the fact that not only does it fail to display owner information, but it also fails to display license information – which is a requirement for all investment-related websites to display by law.
The reason it fails to display it is because they don’t actually hold a license, and you should never invest via an unlicensed website because it means that any money you invest is unprotected.
Here’s what the results page looked like when I searched the financial services register for Bitcoin Gemini:
Nothing at all… That’s never a good sign.
And finally there’s the fake countdown timer displayed at the top of the Bitcoin Gemini website as shown below:
The timer claims that registrations are closing the same day that you’re viewing the page & it only gives you a mere 6 minutes to make a decision as to whether to sign up or not, which is a scarcity tactic.
The truth though is that the timer isn’t legit as I actually came across the app yesterday & it said the exact same thing but displaying yesterday’s date as the date registrations would close instead of today’s.
The reason they’ve put it there is to simply try to rush you into signing up so that you end up depositing money before you get chance to look at reviews, because they know that once you read a Bitcoin Gemini review you’ll find out the whole thing’s a scam.
Which brings me onto…
Is Bitcoin Gemini a Scam? My Final Verdict
I can tell you with absolutely certainty that the Bitcoin Gemini app is scam & that despite claiming to help you make money, in reality the app will do nothing other than make you lose money (and lots of it!).
The only people that’ll really be making money from the Bitcoin Gemini app will be its creators & the brokers that are associated with it, and they’ll be making their money at the expense of those signing up.
So it comes without saying that you should definitely avoid it.
The good news though is that whilst the Bitcoin Gemini app itself may not be legit, there are still other legitimate ways that you can earn online.
In fact I’ve actually listed over a whopping 72+ different ways that you can earn online right here.
And I’ll tell you on this page that my personal favourite & all-time top recommended way to earn money is something called affiliate marketing, which is actually the same way I make most of my own money online myself.
The reason it’s my favourite is because it’s pretty easy to get started with & there’s no limit on the amount you can earn. The harder you work, the more you can earn so it can turn out to be extremely rewarding indeed.
So if that’s something that interests you then I’d highly recommend you check out Wealthy Affiliate before you leave, which is a free-to-try training program that teaches you everything you need to know & provides you with everything you need to get started.
Or of course you can check out the alternatives on my top picks page.
But whatever you decide to do I just sincerely hope that my review of Bitcoin Gemini here has given you a good insight into how the whole thing really works & most importantly I hope it’s helped you to save your cash.
Feel free to leave any additional questions or comments below. 🙂