Finding legitimate trading software within the crypto niche is becoming increasingly difficult every year, as scam websites become better at mimicking the look and feel of reputable developers. Those with experience in the niche may be better equipped to spot platforms that are likely to be less than trustworthy.
As these platforms and trading software solutions are helping regular people get involved with the fantastic potential of using cryptocurrencies for profit, the best tool at your disposal is going to be research. Today, we are taking a look at Bitcoin Bonanza and covering everything from its features, potential celebrity endorsements and even its reach with real users, to help you make a better-informed decision before putting your assets into your efforts.
Bitcoin Bonanza at a Glance
A cursory glance at the Bitcoin Bonanza website gives us a positive view of its potential legitimacy, as it is full of worthwhile information on its services. Many scam platforms will be as basic as possible and simply allude to what they offer. There has even been a rise in those seemingly hiding their credentials behind an initial deposit paywall. forcing new sign-ups to complete the registration process and put some money into their accounts to find out more. Neither of these is a potential red flag for Bitcoin Bonanza, however, as it has everything from information on the software to features and even an FAQ.
Bitcoin Bonanza’s top features:
- Bitcoin Bonanza claims to offer a user-friendly trading robot with the potential for daily earnings and a proposed win rate of 99%
- The option to trade manually or place multiple trades at once using the highly intuitive algorithms
- Suggested military-grade processing power
- Demo trading section and portfolio management features
- Instant deposits and 24-hour withdrawals
How does Bitcoin Bonanza work?
Bitcoin Bonanza aims to offer powerful fundamental and technical trading strategies. These can be utilised by traders of all calibers to determine the most profitable trades and ensure that they never miss out on the top market trends. The automated system works independently of traders and will both enter and exit trades based on deep market analysis, but it has the additional bonus of offering manual trading capabilities for those who would like to be more hands-on in their activities. In these instances, you will be expected to decide which trades you want to enter yourself and then follow the signals that are generated by Bitcoin Bonanza’s software.
The website claims that Bitcoin Bonanza has become the leading software when considering speed and accuracy, and this is supposedly due to the fact that they have implemented unique and innovative time-leap technology. It also states that it is an international award-winning service that is recognised around the world, with titles won by the US Trading Association and more.
In another bold claim, the website states that it is used as the rating benchmark for other trading robots, due to its reputability and success over the last few years. We couldn’t find any information to support these claims.
The Advantages of Bitcoin Bonanza
👍 Pros:
- 24/7 access to crypto trading and markets
- Free sign-up, no subscriptions, and no fee deposits and withdrawals
- Simple, user-friendly UI that’s perfect for beginners
- Fast transactions
- High-end security
- Diverse payment methods and a host of supported cryptos
- Additional features like time-leap technology and a trading strategy tester
👎 Cons:
- No mobile app
- Users will need to log in daily to perform admin tasks
A closer look at Bitcoin Bonanza’s features
Unique software
Not only does Bitcoin Bonanza have all of the typical features that you would expect from a trading robot to help automate efforts, but it also has time-leap technology that is said to determine market movements before they occur. This means that the software is able to identify profitable trades and enter them instantly before other traders or robots have the potential to do so. There is also a trading tester that enables users to both forward and back-test their trading parameters to boost their performance – and this isn’t something that we have come across from other trading platforms.
Trading sessions
While this isn’t specifically spoken about on the Bitcoin Bonanza website, other review sites have mentioned the fact that it offers real-time sessions where the automated software will run and perform tasks on behalf of the trader. At the end of each, payments will be automatically initiated, so that users never have to wait or worry about potential transaction issues.
Blend of manual and automated capabilities
Not all traders want to have the same experience when entering markets and there are many out there who still prefer to undertake manual trading or have a little more control over the wider experience. Bitcoin Bonanza is one of few trading robots to provide both options. Some will see this as a downside, as automated trading does require at least a degree of daily maintenance to ensure that everything runs how the user would expect.
There is an array of extensive customisation features available on the website, with everything from coin and token selection, amount to stake input, take-profit and stop-loss limits and even the ability to set the number of times to enter and exit trades within any given window.
We feel that it is worth mentioning that the Bitcoin Bonanza website states that users will be expected to spend around 20 minutes a day to set up trading parameters before letting the software run in automated mode. This isn’t something that all trading robots require, but it also isn’t entirely uncommon, as many aim to work with the needs of the trader via their own preset protocols.
Security
Bitcoin Bonanza claims to use cutting-edge security protocols in order to ensure that not only are customer funds protected, but that their information is also safe from those who may exploit it. They mention that they partner with CySEC registered brokers in an all-inclusive space for user’s peace of mind. It also has advanced SSL and encryption protocols to properly secure transactions.
How to start trading with Bitcoin Bonanza
✍ Step one
Users will be able to begin the registration process by visiting the Bitcoin Bonanza website and filling in the form at the top of the landing page. This is a simple process of inputting your first and last names, email address and phone number before clicking register.
✍ Step two
One of the great things about Bitcoin Bonanza is that you don’t have to worry about being partnered with a broker or waiting to accept a call to finalise the signup procedure. All you’ll need to do is make an initial deposit of $250 and you will be able to access the website and begin your trading experience.
✍ A quick note about demo trading
Bitcoin Bonanza has a demo trading feature where users can go to practice their trading strategies and get familiar with the unique trading software on offer. This can be an integral part of risk management and is advisable even for traders who have experience, so try not to overlook this before using your assets on real trades.
Important information about Bitcoin Bonanza
Accessibility
When it comes to accessibility, the crypto niche is well known for strict regulation in terms of countries that support the use of digital assets, so it’s not uncommon for websites to be limited in where they are able to operate. The good news is that it seems that Bitcoin Bonanza is available across the UK and Europe, in Australia, South and Central America and even in Africa. Users in other areas will be able to use the site with a VPN (but be aware that this isn’t considered legal practice).
Bitcoin Bonanza’s developers
While there are some crypto trading robots out there that will be open about their developing teams, it’s not uncommon for many to keep the names behind the software under wraps. It’s believed that Bitcoin Bonanza was established by a team of AI software developers and financial analysts within crypto spaces, however.
Supported payment methods
The good news is that this trading platform has a good selection for payments, with everything from major credit and debit cards (including MasterCard, American Express Discovery and Visa), as well as supporting bank transfers and popular e-wallets like PayPal and Netella.
Customer service
Bitcoin Bonanza has a well-appointed customer support team that is available 24/7 via live chat, email services, and phone calls – and the team is said to speak over 20 languages so that they can handle issues for a diverse consumer base.
Leveraged trading
When reading the information available and both the Bitcoin Bonanza website and across a multitude of review websites, there doesn’t seem to be mention of leveraged trading capabilities, but there are a few references to this platform working with licensed brokers. As a result, we were unable to draw any definitive answers on whether you should be concerned about the risks and rewards of using leverage and whether you will need to factor this into your trading strategy.
Is Bitcoin Bonanza a scam or legit?
While it was refreshing to go to the Bitcoin Bonanza website and have all of the necessary information about the trading robot’s tools and features, our research hasn’t confirmed all of the claims made. However, there seems to be a lot of positive attention from crypto enthusiasts, a host of good reviews from real users across different social media platforms and third-party review websites speak favorably of their experiences when attempting to determine legitimacy.
When reputable websites take the time to list all of their services, you often find disclaimers to warn potential customers of the risks of crypto trading, and this is typically something that we like to see. With Bitcoin Bonanza, they have gone the extra mile to cover a wealth of information, including aspects like how much members can make on average per day and that some users were able to earn their first million in a matter of months. There isn’t a single mention of market volatility, the potential for losses and the traditional warnings that trustworthy websites often add, however.
With all of these factors in mind, we are inclined to say that Bitcoin Bonanza seems like a reputable crypto trading robot, but of course, you should always do your own research and come to your own conclusions. It certainly has a range of tools and attractive features that could improve your chances of earning via crypto over undertaking efforts without them, but risk management will always be your biggest asset when minimizing the potential for losses.
It’s no secret that while a good percentage of trades can end in profit, there are certainly no guarantees and losses should be expected even if you choose the most reputable and highly innovative technology currently on offer. This means that Crypto Bonanza could be a good choice for your trading efforts if it has the tools and features that align with your needs.
Bitcoin Bonanza FAQ
Can traders use Bitcoin Bonanza with no experience in crypto markets?
The good news is that Bitcoin Bonanza has been developed to help new traders, just as much as those who have more experience when it comes to getting involved with cryptocurrencies. On the face of it, it has a very good level of security, one of the highest win rates on the market, some unique tools that we haven't seen anywhere else, no fees and much more. This means that it could be a worthwhile choice for traders, as long as they keep the potential for risks in mind.
Do any celebrities endorse Bitcoin Bonanza?
When you are considering signing up to a new bitcoin trading robot, you will often come across claims of celebrity endorsements no matter what area of the niche you are interested in (such as manual trading or partnering with brokerages). There is often a lot of talk and little in the way of substance, and just like all of the crypto platforms that came before it, there aren't any celebrity endorsements to take into account with Bitcoin Bonanza.
Can I expect to earn a passive income with Bitcoin Bonanza?
The answer to this question isn't a straightforward one, as advancements in tech and the functionality of crypto robots mean that there is the potential to own a passive income but the chances are that this isn't going to be consistent, reliable, or even significant. There are certainly other ways to earn a passive income that may be more reliable, but many individuals are drawn to digital currencies for their potential and an overall interest in the niche and its volatile nature.