- This is an outright fraud - there are no positive aspects of this “bot”
- Part of a group of scammy websites that try to trick people with promises of high returns on investment
- Scammers ask for personal information, such as phone number
- They have disclaimers that allow them to breach their customers' privacy
- The bot does not have its own website, and the link to it redirects to the page of a known fraud.
- The requirement to enter a phone number during registration leads only to receiving unpleasant calls from "brokers" in the future.
- This is an illegal fraud aimed at cheating consumers out of their money.
Full review of Corona Millionaire
If you google Corona Millionaire, you will find no website. Just review websites that are known for supporting fraudulent portals. This probably indicates that scammers have abandoned this particular brand.
However, once you click on the link, you will see it takes you to another well-known scam, Bitcoin Trader, one of the oldest fraudulent portals out there.
You will notice that this website is not even hosted on the BitcoinTrader.app or BitcoinTrader.io, but apexoffer.net. This in itself isn’t proof of fraud, but many fraudulent platforms use similar tricks. In fact, 90% of the scammers use this kind of redirection, for example, these:
So we can interpret this as a strong red flag.
If we try to follow the link, it takes us to that very same Bitcoin Trader iffy webpage. This is a strong indicator that there is something wrong going on here. Why? Because the standing practice of the fraudulent websites is to spread their scam across myriad different names: Bitcoin Trader, Bitcoin Union, Bitcoin HQ, Bitcoin Revival, Bitcoin Billionaire, Bitcoin Compas, etc.
All of the names are tailored to somehow promise riches and easy profits using buzzwords like crypto, cryptocurrency, crypto trading, bitcoin, machine learning, AI, wall street secrets, 60% return of investment, etc.
Trustpilot reviews of Corona Millionaire
Trustpilot sometimes catches all these different scams, but for Corona Millionaire there is just an old warning message from May 2020.
Of course, the website listed is not even registered.
Similar Trustpilot issues have several scam crypto bots we have written about:
How do these scams operate?
There are several known practices for these fraudulent websites.
- They change names and logos to avoid targeting by market regulators, legit review sites, and agencies (like Trustpilot)
- They ask $250 deposit. Legitimate trading platforms do have minimum investments, but these measure in low figures, typically $10.
- They ask phone number as part of the registration. Legit crypto services have several layers of identification. The typical platform will ask for email, then proceed with different Know Your Customer verification protocols (scan of ID or other national ID documents). These fraudulent websites usually claim speedy registration with just phone and email.
- They all have disclaimers that make the customer agree with the breach of their privacy. Namely, they make it legitimate for the agents or ‘brokers’ of the fraudulent sites to call the customer (typically they will contact the gullible via WhatsApp).
- Brokers aggressively pursue customers to deposit the first $250 and then it becomes impossible to get your money back. There are no profits. Another reason to change names and website addresses. Once the number of angry customers mounts up, scammers simply move to greener pastures, abandoning their project.
So, Corona Millionaire exploits exactly the same fake strategy as applied by a number of other scam crypto bots we have been warning about:
This is a known scam! Do not fall for it.
FAQ on Corona Millionaire
It’s a fake website. They want your data so that agents can call you and ask for a deposit of $250 promising a great return on investment. The fact is, there is no crypto trading, no money to be made, just brokers fishing for deposits.
Yes. It is part of fraudulent websites, a total scam.
Judging by reviews, you can’t profit from Corona Millionaire. You can only lose a $250 deposit.
No. This is a scam. There are legit warnings in the disclaimer, however. By registering, you agree to have your data sold or transferred to third parties. You agree to be contacted by agents (to bug you for deposit).
If you’re thinking about using BitQT to make some money trading cryptocurrency, don’t waste your time. The trades it makes are completely random and never seem to result in any profits. When I tried to withdraw my funds, I was met with endless delays and unresponsive customer service. Stay far away from BitQT.
Not satisfied with the way this bot is performing, it’s certainly much worse functioning than some of the other bots I tried (Coinrule). And its lack of features won’t do it any good either.