Bitcoin Trader is a piece of software that claims to make money by speculating on cryptocurrencies. Traders who try this robot report profits of up to $1k per day from a trading capital of $500. But is Bitcoin Trader legit and can traders make profits trading with it?
A review of feedback from those who have tried this robot report that it is consistently profitable. However, Bitcoin Trader is not without risk. Consequently, Cryptovibes recommends that you only trade with capital you can afford to lose. This review takes an in-depth look on Bitcoin Trader and provides tips to help you make the most of this bot.
What is Bitcoin Trader?
Bitcoin Trader is a trading robot that claims to make money by speculating on the price swings of cryptocurrencies. The robot is fully automatic and hence requires little human input. You do not need any specialized skill or experience to use this robot.
Like most high-frequency trading robots, Bitcoin Trader claims to be highly profitable but to also be capable of resulting in losses. As mentioned above, a trading account with a deposit of $500 or less can allegedly make up to $1k per day. Likewise, a deposit of $250 can double in a day.
Bitcoin Trader has a claimed win rate of 92%, which implies that it claims to be profitable in every nine out of ten trades placed through it. Other leading robots, such as Bitcoin Loophole and Bitcoin Profit, allegedly have nearly the same profitability level.
Also worth noting, Bitcoin Trader partner brokers offer a leverage of up to 1:1000. This means that for every $1, you can place a trade worth $1000. Consequently, an account with a deposit of $250 can place trades worth up to $250,000.
How does Bitcoin Trader work?
High-frequency robots depend on advanced technologies, mostly in artificial intelligence and Machine Learning. These two technologies enable bots to learn and adapt to market conditions. Moreover, they ensure high trading speed hence supposedly making it possible for the robot to profit on even the slightest market movement.
The Bitcoin Trader algorithms can conduct both fundamental and technical analysis. On fundamental analysis, they can read news and Tweets from authoritative sources and predict how the markets will react. According to many users, this is what makes Bitcoin Trader a good option for trading news. Technical analysis is all about deriving insights from trading charts. Bitcoin Trader can analyze thousands of price charts within a microsecond and with a reported accuracy level of above 90%.
Also worth noting, Bitcoin Trader app has all the essential risk management tools. Unlike most trading robots, this robot allows you to define the level of risk you are willing to take. For instance, you can limit the amount of capital to risk per trade. Remember that with a leverage of 1:1000, it takes a fraction of a second to lose all your trading capital.
Is Bitcoin Trader Legit?
Bitcoin Trader appears to be a legit, transparent robot.
Likewise, a review of feedback from people who have tried this robot reveals that most users who try it find it highly profitable. Some traders report making up to $1k per day from a deposit of $250. We suggest that you start with a $250 account and grow your account gradually by plowing back your profits.
CryptoVibes has also established that all information on Bitcoin Trader website is accurate. They reveal crucial details such as legal registration and partner brokers. Scam robots are known to hide such information.
Moreover, we have reviewed the brokers listed as Bitcoin Trader partners and verified that they are adequately regulated. For the record, robot brokers are responsible for handling deposits and facilitating deposit. One way to determine if a robot is legit is by checking whether its partner brokers are legit. It does not make sense that a legit robot can partner with scam brokers.
Bitcoin Trader review: Cryptovibes Test Results
How to Register with Bitcoin Trader
Creating an account with Bitcoin Trader takes less than ten minutes. Once you make a deposit, you can go to the demo account or start trading immediately. This bot is fully automated. You need less than twenty minutes per day to monitor your account.
Create an account
Visit the Bitcoin Trader homepage and fill your names and email in the form provided on right side corner. Click next to be redirected to the password creation page. You need to create a strong password containing letters, numbers, and symbols to continue. A strong password is among the essential cybersecurity measures that you should take to protect your account.
After password creation, you will be asked to provide your phone number. Please note that you will be asked to verify your email and phone number to proceed.
Get matched with a broker
The next step involves getting matched with a broker. As mentioned earlier, Bitcoin Trader partner brokers are all well-regulated. The majority fall under the regulatory mandate of the FCA, ASIC, and CySEC. Bitcoin Trader is only available in countries where it has a regulated broker.
Robot brokers roles include handling deposits and facilitating transactions. Consequently, it is always essential to conduct enough due diligence about the underlying broker before settling on a robot. Legit robots only partner with legit robot brokers.
Try demo trading
The Bitcoin Trader demo account has all the functionalities of the live account. Moreover, the demo robo-trader uses historical data to give traders an idea of the profitability level they should expect with a real account.
Deposit a minimum of $250
You need to deposit $250 to access the Bitcoin Trader live trader. The amount is your capital and not the cost of the robot. Bitcoin Trader does not require any license fee. However, they do charge a small commission on the profits made through the app. This means that they only make money when you are profitable.
Bitcoin Trader brokers accept deposits through Wire Transfer, Visa, Master Card, American Express, Maestro, Discover Network, Webmoney, Skrill, Neteller, and Bitcoin. All deposits take less than a minute to reflect on a trader’s account.
Click the live trading button
What you need to do to start trading with Bitcoin Trader is to click the live trading button. We have reports of many users making a profit of $25 in the first five seconds of trading. As mentioned earlier, Bitcoin Trader claims it can make up to $1k per day from a deposit of $250.
If you want to make the most out of Bitcoin Trader, let the robot run for at least 8 hours per day. Also, ensure that you switch it off at the end of each trading day.
Should I trade with Bitcoin Trader?
Bitcoin Trader on Shark Tank and Dragons Den UK
Bitcoin Trader is a legit robot, and it does not matter whether it has the endorsement of mainstream media. The most important thing is that people who have tried it are happy with it. Cryptovibes provides comprehensive and unbiased reviews to help you make informed decisions.
Do any celebrities endorse Bitcoin Trader
We also found rumors that celebrities have endorsed Bitcoin Trader. These rumors are not unexpected, given the broad media coverage of this robot. Here are some celebrities that are said to recommend Bitcoin Trader.
Did Elon Musk endorse Bitcoin Trader?
Elon Musk, the founder of Space X and an outspoken lover of AI and Blockchain, is one of the celebrities said to endorse this trading bot. However, we did not find any evidence of Elon Musk Bitcoin Trader endorsement.
Bitcoin Trader appears to be a legit robot that is well known in the circles of traders and the founders themselves reported that they do not need celebrity endorsements. The association between Elon Musk and Bitcoin Trader is a rogue trick by affiliates to rank on search engines.
Did Peter Jones endorse Bitcoin Trader?
Peter Jones, the British billionaire, is another celebrity said to have endorsed Bitcoin Trader. However, CryptoVibes could not verify these claims. We cannot stress enough on the need to avoid any reviews that revolve around these endorsements.
Bitcoin Trader has recently released a statement warning that it will revoke affiliate rights on platforms that are making such misleading statements.
Tips for trading with Bitcoin Trader
- Start with the demo account – The demo account will help you avoid mistakes during live trading.
- Trade for at least 8 hours per day – Bitcoin Trader claims you need to trade consistently for at least 8 hours per day to make profits. Bitcoin Trader is entirely auto, so you only need less than 20 minutes of account monitoring per day.
- Close trading sessions at the close of each trading day – This will help avoid slippage and hence losses.
- Follow market news – you need to follow crypto market news to be able to capitalize on periods of high volatility.
Bitcoin Trader: Is it legit?
We can confirm that Bitcoin Trader appears a legit robot. However, Bitcoin Trader is not without risk. We recommend that you trade with an amount you can afford to lose.
Bitcoin Trader is a legit high-frequency robot and it is not a scam. We suggest that you start with a deposit of $250 and grow your capital through reinvestments. Bitcoin Trader comes at a degree of risk, given that it trades on high leverage. Consequently, do not trade with an amount you cannot afford to lose. Yes! Fill the withdrawal request form, and your money will reflect in your bank account within 24 hours.
Bitcoin Trader is a legit high-frequency robot and it is not a scam.
We suggest that you start with a deposit of $250 and grow your capital through reinvestments.
Bitcoin Trader comes at a degree of risk, given that it trades on high leverage. Consequently, do not trade with an amount you cannot afford to lose.
Yes! Fill the withdrawal request form, and your money will reflect in your bank account within 24 hours.
Trading is comes with risk. All content on our website is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate.