A Bitcoin trading robot known as Bitcoin Trader claims to be able to assist users in making profitable trades across 14 of the most widely used cryptocurrencies. The website guarantees a minimum of a 90% success rate and will only take a cut of your profits.
In this article, we’ll discuss Bitcoin Trader, a cryptocurrency trading robot, and try to determine whether or not it’s a fraud.
The Origin Of Bitcoin Trader.
Bitcoin Trader is a fully-automated exchange for virtual cash. You may just sign up for an account and sit back while the robot searches for and makes transactions.
It seems that the platform’s trading is driven by an advanced AI system. The algorithm may achieve a 90% win rate in trading when the market circumstances are favourable. Bitcoin Trader guarantees a 25% daily ROI on investments.
Bitcoin Trader, so the developers claim, is made with both crypto newbies and seasoned traders in mind. While new users may start trading without touching the platform’s settings, advanced users can make extensive changes to the way it trades in response to changing market circumstances.
Bitcoin Trader has a zero-dollar entry fee. The sole cost is a 2% commission on earnings, and there are no account fees to use the site. The website guarantees that you will incur no fees whatsoever if your account fails to generate a profit. Bitcoin Trader’s minimum first investment is $250.
Since we were unable to independently verify all of the promises claimed on the platform’s website, you should be aware that there is a possibility that you could incur losses if you decide to use cryptocurrencies.
Who Owns The Bitcoin Trader Algorithm?
Since there is inconsistent information across many websites, and since there is so little information on Bitcoin Trader itself, it is unclear who precisely owns the company.
Some background information about the company’s purported owner: he or she is a trading software developer with extensive expertise in the trading services business.
What’s The Deal With Bitcoin Traders?
The brains of Bitcoin Trader’s trading platform are AI algorithms. The system searches the cryptocurrency marketplaces for prices that match historical trends. The algorithm keeps an eye on the market until a certain event causes it to acquire bitcoin.
The algorithm makes a deal on your behalf whenever a certain condition is reached using the funds available in your trading account. Next, the programme will monitor the development of the transaction until it receives a signal to close it. When this happens, Bitcoin Trader’s algorithm will terminate your trade and restore any gains to your trading account.
To emphasise, Bitcoin Trader is not a brokerage but rather a trading platform. Keep in mind that your Bitcoin Trader trading account is kept with a crypto broker.
Characteristics Central To Bitcoin Trader
As being section of our Bitcoin Trader evaluation, let’s have a glance at a few of the most important aspects of this trading system:
Fourteen Different Cryptos Are Accepted.
Bitcoin Trader is unique among cryptocurrency exchange bots in that it deals in more than just Bitcoin. This particular robot can execute transactions using a total of 14 distinct cryptocurrencies.
They may all be exchanged for and against the US dollar, the British pound, the Euro, and other fiat currencies. Thus, Bitcoin Trader offers access to a wide variety of trading marketplaces. That guarantees the algorithm will always have a trading chance to explore.
Assumed 90% Success Rate
According to Bitcoin Trader, its system may have a 90% win rate under favourable market circumstances. That indicates that, on average, the algorithm is expected to conclude 9 out of 10 deals in the black. It asserts that even when trades don’t work out, losses are kept to a minimum thanks to stop losses and conservative algorithm settings.
Bitcoin Trader boasts that its users may increase their daily profits by 25% on average. Unfortunately, we were unable to independently verify this information; thus, your use of Bitcoin Trader is entirely at your own risk.
Interactive Trading Simulation
It is possible to test out Bitcoin Trader’s trading features before committing any real cash by using the platform’s demo mode. Excellent for novices, this is also crucial for advanced users who want to maximise their Bitcoin Trader experience.
That’s because the demo trading mode allows you to experiment with the algorithm’s parameters and discover the optimal configuration for your needs.
Rapid Withdrawal
Withdrawals may be processed rapidly by both Bitcoin Trader and its broker partners. The site promises to execute your transaction and deposit the funds into your financial institution within 24hrs.
Price of Bitcoin Trader
The only time Bitcoin Trader takes a cut of your earnings is when your account is successful. Commissions on transactions made by successful traders are set at 2%. No fees are assessed to traders whose accounts are still in the red. There are no hidden costs associated with using Bitcoin Trader, including no transaction or account fees.
Notably, the brokers that Bitcoin Trader supports may impose extra costs on your trades, inactivity, or withdrawals. Brokers charge different fees, and Bitcoin Trader does not see any of that cash.
Should You Use a Bitcoin Trader?
Within this Bitcoin Trader review, we aimed to respond to the question, “Is Bitcoin Trader a scam?” Unfortunately, we were unable to independently confirm Bitcoin Trader’s claims.
According to their advertising, you won’t have to pay anything until your account makes money. Even so, a 2% fee is competitive with what is offered by other leading crypto trading robots.
Second, Bitcoin Trader says it exclusively uses reputable brokers, but we were unable to independently verify this. According to Bitcoin Trader, requesting a refund is simple if you’re unhappy with the service. Withdrawals are free of charge and should be processed in less than 24 hours.
With 28 reviews and just one 5-star rating, Bitcoin Trader’s TrustPilot website, which compiles user peer ratings from the UK, is quite unfavourable.
Customers have called Bitcoin Trader a “complete and utter fraud,” and they have complained of constant phone calls after joining up and after attempting to cancel their subscription.
There are few mentions of Bitcoin Trader on social media platforms like Reddit and Twitter, but they tend to seem more like advertisements than genuine discussions.
Do your homework and test out Bitcoin Trader using the practice account before committing any real cash.
Final Judgment
We were unable to determine whether or not Bitcoin Trader is a legitimate cryptocurrency trading robot in our review. Bitcoin Trader claims that it can execute transactions in 14 different cryptocurrencies and, under favourable market circumstances, can achieve a 90% success rate.
The daily average return for users is supposedly 25%, however, we were unable to verify this, so please perform your due diligence before joining up. Most of the Bitcoin Trader reviews on TrustPilot were unfavourable as well.
