Bitcoin Trader: Is this a big opportunity or just a scam?
Bitcoin Trader is a new crypto trading robot for trading bitcoin and cryptocurrencies. Bitcoin trader helps traders with trading signals to generate profits on the crypto market. The more experienced traders will also like the manual approach of this trading robot instead of sales based on several indicators and graphs.
Conclusion: exceptional software for beginners and professionals.
Pros and Cons
Pros
- Simple and intuitive interface
- Accepts multiple forms of payment
- Easy and simple withdrawal process
- Very secure
- Excellent customer support
- Manual trading options
- Great overall performance
Cons
- Does not support all cryptocurrencies
- Can be a steep onboarding process
- Some confusion over website names
- Marketing hype is a little overblown
Contents
Is Bitcoin Trader the “Silver Bullet” You Need to Win at Bitcoin?
Bitcoin Trader is a tool that promises to help you make automatic trades on bitcoin and cryptocurrency in order to make massive winnings. The bot promises to take the guess work out of trading bitcoin, potentially opening this up as a way for millions more people to start earning money online.
But with any tool like this, the question is always: can it live up to the promise? is bitcoin trader a scam? In this review, we’ll take an in-depth look at Bitcoin Trader to see if it really does what it says on the tin.
Introduction: What is Bitcoin Trader?
There is a huge amount of money to be made in Bitcoin. This is something many people realized years ago when mining for Bitcoin was still a novel concept. In no time at all, people were using their computers to extract thousands of dollars seemingly from thin-air.
But the very way that bitcoin mining works, means that it gets more difficult with time. The more people mine for bitcoin, the more the algorithm will make it difficult to withdraw money. And what this means, is that for many people, that ship has sailed. That is to say that the chance to make money simply by running calculations on a machine is over.
Fear not! There is still a way to make money from Bitcoin: by trading. This is the new “bitcoin gold rush” and the opportunities here are every bit as impressive as they were the first time round. By buying and selling bitcoin, you can take advantage of the huge fluctuations in market value that seriously outperform anything you would get from traditional, centralized currency. The bottom line is that you can make a killing as a Bitcoin trader.
We have learned from the mistakes of the past: we should not miss this opportunity. Soon everyone will have wised up to the potential of trading bitcoin, and the opportunity to earn massive money will have passed.
The problem? Many people have no idea how to begin with Bitcoin trading. Heck, many people don’t understand how to trade regular stocks and shares – let alone currencies or cryptocurrencies.
This is what make a bot so potentially useful. Bots use algorithms in order to place and execute trades on your behalf. You simply open an account, invest funds, and then let the platform do the rest for you.
In other words, it’s like having an “expert trader” invest your money while you go about your business. The difference, is that unlike hiring an expert, you will have total access to Bitcoin trader bots 24/7. That means you can very easily make changes, invest more money, take money out, or start manually trading (as long as the bot supports that option).
So, this is what Bitcoin Trader is: a cryptocurrency trading bot that can potentially demystify the world of Bitcoin trading for anyone looking to get involved.
The remaining question is whether this one is any good, or whether you should keep looking for your Bitcoin trader of choice!
Bitcoin Trader works!
Should You Trust Bitcoin Trader?
One of the biggest questions to ask when using any platform like this, is whether it can be trusted. The unfortunate fact of the matter, is that where there is money to be made, there will always be scams and schemes trying to cash in. There are a lot of very shady operations on the web, and many trading bots that you would be wise to steer clear of. This is something to be very cautious of when you consider that you will be spending large amounts of money through these platforms.
The good news is that Bitcoin Trader is entirely “legit,” legal, and safe. The company has a good track record, and the program is used by many people who are experienced in the worlds of trading and cryptocurrency.
With that said, there is little information available on the company outside of its ownership of this site, and there is no way to verify the accuracy of its claims. The main fact to keep in mind is that the customer support is very good, and that many people use this tool with no problems and very good things to say about it.
That great customer support is the most important thing to look for with many of these tools. If you should get confused about the UI at any point, or if you should find that something goes wrong, knowing that you’ll be able to get in touch with someone who can help makes all the difference.
How Bitcoin Trader Works?
Bitcoin Trader makes trades on your behalf using a complex algorithm. It does this through a website portal, where you can also make manual trades.
The algorithm itself works by looking at historical records, charts, patterns, extrapolations, other trades, and as much data as it can get its hands on. It can then use this to try and make accurate predictions as to the direction that the cryptocurrency being traded is headed. If it’s going up, then it will buy. If it’s going down, then it will sell. You set the parameters as you want them, and then decide how much money to invest and how much power to hand over to the bot.
That means that for the most part, an experienced trader will operate by telling Bitcoin Trader at what price to buy, and at what price to sell. In this way, the bot is simply carrying out the will of the trader, in a manner that is much faster, more efficient, and more “always on” than could possibly be accomplished by an individual.
One of the most useful features of a Bitcoin trader bot like this, is that it can make trades instantly thanks to its “always plugged in nature.” In the word of cryptocurrency trading, this can make a huge difference: the time it takes for you to move your hand and drag the mouse across the screen is the time it takes for you to miss out on an opportunity.
Bitcoin Trader claims to gain even more of an edge thanks to its powerful algorithm. Bitcoin Trader states that the algorithm is capable of operating at 0.01 seconds faster than the market and trading in microseconds. While that might sound great on paper, it’s important to keep in mind that there is no way to verify the accuracy of these statements. Thus, we can only base our judgements on the results.
Key Questions about Bitcoin Trader
Which brokers are available?
Good news is that Bitcoin Trader works with a wide number of different brokers, in turn providing leveraged trading in cryptocurrency. The list isn’t available through the website, but you should be able to trade with all of the major options, such as EuropeFX, UFX, 24Option, etc.
What cryptocurrencies can you trade?
Bitcoin Trader does allow you to trade more than just Bitcoin, which is definitely a win for the platform. That said, the selection is a little more limited than some of the competition, only giving you:
- Bitcoin
- Etherum
- Ripple
- Litecoin
That said, you do have the option to trade pairs in crypto and fiat currencies, such as XRP/EUR, BTC/USD, BTC/EUR, etc.
Is it available on mobile?
While there is no mobile app available, you can access and use Bitcoin Trader via the browser on many mobile devices and it will work just as well as through a desktop browser. The site is particularly well-designed and intuitive, and it works extremely well no matter what platform you are accessing it from.
Can I trade assets with leverage?
Yes! The platform is very flexible in this regard and will allow you to trade with leverage. Keep in mind that this is very risky and not advised for beginners that are new to trading.
Can I open short and long positions?
Yes: both long and short positions are available with Bitcoin Trader. It is possible to select a particular trade manually and the bot is then able to carry it out automatically on your behalf.
Are there any costs or fees?
No! Another great thing about this platform is that there are no fees and no commission charges. Registration is free as well.
How do I withdraw money?
To withdraw your cash, you’ll need to file a withdrawal form along with identification. While the process does take a couple of minutes, it’s very reliable and efficient and you can withdraw directly to your account. It’s also possible to request daily payouts.
How to Use Bitcoin Trader
If you like the sounds of Bitcoin Trader and you’re ready to try it out for yourself, you can find some basic advice here.
First, you’ll need to open an account. You do this by registering on the platform. This is very similar and follows a similar process to most sites you might be familiar with.
We next recommend that you try out the demo account. There is a demo account available through Bitcoin Trader that will allow you to test the platform and to try making trades. This is a great feature and one to look for on sites like this, as it will allow you to test the services without necessarily investing a lot of money.
Once you’re happy with how everything works and have decided that you’d like to try trading for real, you can then fund your account. This is a relatively easy process and most major payment options are supported. To use the main auto trading feature though, you’ll need to make a deposit of $250.
You can then begin auto trading! To do this, you first set your parameters (such as stop loss, daily take profit, asset etc.).
Alternatively, you can begin using the manual options/setting trading indicators based on their own strategy.
Tips and Tricks
We highly recommend that when using robots to make trades, you do your research first. There are several things that you need to keep in mind, and this is not just a matter of depositing funds and walking way!
First, you should learn about trading first. While Bitcoin Trader will make this easier for complete beginners, that shouldn’t be seen as an excuse not to do your “due diligence.” The more you understand, the more empowered you will be to ensure everything goes according to your plan.
Starting with a demo account should also be considered a must. This will let you familiarize yourself with the tools, even if you are already familiar with trading and cryptocurrency.
Start small and only invest what you can afford to lose. This is a crucial rule for any type of trading, and it is equally true here.
Final Verdict: Bitcoin Trader is a Scam ?
Bitcoin Trader is a powerful and effective automated trading robot. The platform is well-liked and trusted by many professionals, and the tools and flexibility available are top-notch.
There are a couple of minor drawbacks: ideally, we would like to see more currencies. We’re also unsure about some of the company’s marketing claims. But this is true of any platform, and if you’re looking for an option that you can rely on to make trades on your behalf – and that will provide all the customer support and easy withdrawals that mark a good experience – then Bitcoin Trader is a great choice. And seeing as you can play with a demo account (without needing to invest any money) there is really nothing to lose if you’re not keen.
To answer the question poised at the start of this review: yes, Bitcoin Trader does what it says on the tin and it does it well! We recommend giving it a try if you are interested in trading cryptocurrency and don’t want to miss the opportunity to potentially earn an awful lot of money.
Conclusion: exceptional software for beginners and professionals.