Is Bitcoin Loophole a scam? What the evidence shows

Bitcoin Loophole is a lead-generation funnel for brokers, not a trading app, and you should treat it as a scam. Its own archived page says it is "only used as a marketing tool" and passes you to a broker it picks for you. The UK Financial Conduct Authority has listed it as an unauthorised firm since August 2018. Below you will find what the archived pages show, the FCA warning, the fake celebrity endorsements, and the steps to take if you gave your details or sent money.

Bitcoin Loophole is a sign-up funnel, not a trading app

The funnel follows the same steps every time. You see an ad, a fake news story or a celebrity post. You fill in a form. Someone phones you as an "account manager", and you deposit money with a broker.

The site describes these steps itself. Its page lists three: open an account by filling in the form, set the amount to invest "and the amount to earn", then click "START AUTO TRADING". It also says the Bitcoin Loophole app is free and that "there is no profits limit".

The small print says something different. The page states that Bitcoin Loophole "does not operate as a financial services firm and is only used as a marketing tool by third party advertisers and brokers to receive more customers". It adds that "a broker is automatically assigned to you" and that it is your obligation to check whether that broker follows local rules. By its own account, the "auto-trader" is a marketing tool. What it collects is your contact details, which go to the broker.

The evidence against Bitcoin Loophole

The FCA warned against it in 2018

The FCA first published its warning on 6 August 2018, under the name "Bitcoin Loophole/ Bitcoin News Trader". It lists the website bitcoinloophole.com and two UK phone numbers. The regulator wrote: "This firm is not authorised by us and is targeting people in the UK." You can read the entry on the FCA warning list.

For a UK customer, dealing with an unauthorised firm means no Financial Ombudsman Service and no FSCS protection. The FCA says you are "unlikely to get your money back if things go wrong".

In the US, we found no regulator notice naming Bitcoin Loophole as of November 2026. That does not make it safer. The CFTC warns in general against AI and auto-trading bots that promise high or guaranteed returns.

What the archived pages show

The Wayback Machine kept copies of bitcoinloophole.com. Captures from October 2017 to April 2026 show how the page changed.

The later page also tells visitors to "Always check the url bitcoinloohpole.com to be sure you are on the original website". That address is a misspelling of the site's own domain. A page that asks for your personal details and money got its own address wrong. Its small print also carries a US notice that soliciting US persons to buy and sell commodity options is against the law unless traded on a registered exchange.

Fake celebrity endorsements and a real victim

In March 2019, the UK consumer group Which? reported a Facebook ad that used a photo of Dragons' Den star Deborah Meaden without her knowledge or consent. The claim that Bitcoin Loophole had appeared on the show was "completely made up". Ads like this are common, and we explain them in our piece on fake celebrity crypto ads.

Which? also described an 82-year-old woman who saw the ad in August 2018. After a two-hour call she was told the minimum investment was £300. The next day another £8,500 left her account, and she was then called "almost daily". Her bank, NatWest, later refunded everything she lost and paid £300 in compensation.

Why the "Bitcoin Loophole" promise cannot work

No software turns bitcoin price moves into guaranteed profit. The CFTC advisory says that AI "can't predict the future or sudden market changes", and that scammers claim returns of "tens of thousands of percent". For a closer look, read what AI trading bots can and cannot do.

The FBI's 2025 Internet Crime Report describes how crypto investment scams end: victims see fake profits, then are charged "taxes and fees" to withdraw before the scammers disappear. Crypto investment fraud was the largest source of reported losses to Americans in 2025, at $7.2 billion.

What to do if you signed up or paid

1. Stop paying. That includes any "fee" or "tax" said to release your profits.
2. Do not install remote access software or share card or bank codes.
3. Call your bank or card issuer on the number printed on your card, never on a number a caller gives you.
4. Change any passwords you reused on other accounts.
5. Expect recovery scam calls that offer to get your money back for a fee. Hang up on them.
6. Keep the ads, emails, messages, call logs and bank statements. You will need them when you report.

Our article on Bitcoin Billionaire, the same model this domain used to host shows how the same funnel worked from the inside.

United Kingdom: report the fraud to Report Fraud at reportfraud.police.uk or on 0300 123 2040 if you live in England, Wales or Northern Ireland. It replaced Action Fraud on 4 December 2025. In Scotland, call Police Scotland on 101. Also report the firm to the FCA consumer helpline on 0800 111 6768.

United States: file a complaint with the FBI Internet Crime Complaint Center at ic3.gov, whatever the amount, and include full transaction details. IC3 may help banks and police freeze funds, but a report does not guarantee you get money back. The CFTC also takes fraud reports.

How to spot the next "loophole" app

Four checks take a few minutes:

• UK only: search the firm on the FCA Financial Services Register.
• Check how old the domain is at lookup.icann.org. A brand that claims years of success on a domain registered weeks ago is a warning sign.
• Run a reverse image search on the faces in the ad.
• Look for a licensed company named on the page. Bitcoin Loophole's page said it was not a financial services firm at all.

Other brands, including Bitcoin Billionaire, used the same template. Our fake trading robots list will cover them, and our guide to crypto scams explains the wider pattern.

Bitcoin Loophole FAQ