Bitcoin Formula Review 2021: Is it Legit, or a Scam?

Since the advent of cryptocurrency till now, it has been one of the most talked-about investment opportunities out there to get financial gains. With investment being risky and a lot of people are not familiar with trading cryptocurrency, a lot of people are looking for ways to trade successfully and not lose their investment. This problem has led to the creations of many cryptocurrency trading platforms.

Bitcoin Formula is a trading platform that helps new and seasoned traders of cryptocurrency to make extra cash with the help of its impressive AI. The platform has been engineered to read the market correctly and make profitable trades based on the readers. It is said that investors can make up 8X their original investment using Bitcoin Formula. The platform stays ahead of the changing market trends and allows users to make a profit with an advanced feature called AI Predict. No other platforms guarantee the kind of returns you can make with Bitcoin Formula Investments.

This is a review of Bitcoin Formula where we will be verifying all claims made by the robot’s developers. Is this robot a legit trading bot or just another scam? Let’s find out.

 

Table of Contents

Bitcoin Formula at a glance

Type Bitcoin Robot
Minimum Deposit $250
Win Rate 90%
Withdrawal Duration Less than 24 Hours
Mobile App No
Supported Cryptocurrencies BTC, ETH, XRP,BCH, LTE

Bitcoin Formula Review: What is Bitcoin Formula?

Bitcoin Formula is a state-of-the-art automated trading platform designed to allow investors to earn money without too much stress or time invested. The platform uses a trading robot that uses AI and machine learning to predict the market and execute profitable trades. It has a special feature called “AI Predict” which constantly monitors the market for any changes. Investors must select the factors for the robot to make trades for the right signals. With a success rate of 90%, the platform claims returns of $1000 to $10000 in a day.

 

The platform runs 24/7 meaning there are multiple chances to make money in a day. Due to how volatile the market is and how emotions and anxiety play a role in investors’ minds, it can cause a loss of money or not making appropriate trades at the right time. The automated trader is not confined to human limitations or emotions, so it makes trades from what the market is saying. The platform does not require prior experience for investors to use and the automated trader can be turned on and off anytime, so it doesn’t require a lot of time. With an investment of $250, an investor can start trading and making a profit. However, for trading, it is recommended to begin with small amounts of money to maintain peace of mind, confidence, and experience.

Bitcoin Formula: Is it Legit or a Scam?

A lot of platforms offer automated cryptocurrency trading which will beg the question of the legitimacy of these platforms. Bitcoin Formula has gained a reputation among this automated trading software. Some reviews by individuals on the platform have revealed that this robot has the potential to create incredible returns for users. Many people have recounted how they benefited from this site.

The platform uses the most advanced technology and uses regulated brokers to handle your account. The platform claims of making up to $10000 in a day without any prior experience as a trader are difficult to accept as there is no evidence to support this claim. The robot has a 90% success rate and claims that the system is purported not to lose are also difficult to believe. Except for the more extreme claims, objective assessments and statements on the website show that some customers achieved significant profits through the platform, apart from the more extreme promises. With this, the platform seems legit.

Before investing and using this robot, investors should study and research the platform and how cryptocurrency works especially for those who are just starting as traders. As with all investments, there is a risk of losing and the volatility of the cryptocurrency market can play a great role in this.

Bitcoin Formula Review: Features

Multiple Cryptocurrencies

Trading just one coin won’t get you as many returns as trading most top cryptocurrencies, the Bitcoin Formula platform allows you to trade the top cryptocurrencies effortlessly like Bitcoin, Ethereum, and others. This gives tremendous earning opportunities. Users can easily fund their accounts with crypto from external wallets.

Customer services

The customer service of the platform has 24/7 support and is friendly and ready to help users solve the issues that may arise using the platform. The website has a contact form field that can be used to complain and within 24hours, the user will be reached either by phone or by mail.

Verification Process

The platform has a hassle-free registration process that makes it super easy for new users to get on the platform. There is no complicated process to get verified or trade on the platform. To register, a new user has to enter details like their name, phone number, email address to get their account approved and working.

Costs/Fees

Several sophisticated tests ensure that the system does not have any hidden fees. There are no additional costs charged by Bitcoin Formula as it is free to register and trade on the platform. There is a standard exchange fee regarding the exchange used.

Payouts

The trading platform has an instant pay-out which may reach 24 hours. After every trading session, the app calculates the profits made and it is important to withdraw the profit after a trading session. The platform has an easy interface that makes it convenient to withdraw profits every day.

Automated trading

The Bitcoin Formula platform helps investors make the trade automatically without the hassle of committing too much time. Every placed trade is executed in real-time and there is no limit to the number of trades that can be performed in a day.

How to create a Bitcoin Formula Account

Step 1: Registration

Registering on the Bitcoin Formula platform is a simple process that serves as the initial step in establishing an account on this platform. All you have to do is go to the Bitcoin Formula official website and register. The registration process is simple as compared to many crypto trading platforms, all that is required is to fill a sign-up form which requires information like name, email address, phone number, and country to start the process. The user will be required to input a password which is suggested to provide a strong password so the account can be safe from attacks. It is advised to have your phone close by when filling the signup form because, after registration, the assigned account manager will call for a follow-up and will be responsible for explaining the setup process so trading can begin.

 

Step 2: Deposit

After the setup of the account, you’ll get access to your dashboard, it is required to deposit $250 as the auto-trading feature cannot be activated before this step. It is advised to make the minimum required amount and grow your account as you get familiar with the platform. There is no charge for the user for using the platform. The Bitcoin Formula platform has a lot of tools and information users have access to, such as charts, news feeds, fundamental and technical analysis, and an overview of the cryptocurrency market. New accounts can be funded using a lot of methods like debit and credit cards or payment options like skrill, wordpay, or directly from another crypto wallet.

Step 3: Try Demo

One of the tools available on the dashboard of the Bitcoin Formula platform is the demo feature. The demo trade allows you to practice trades without using any real funds. You may learn the trading system and test different trading methods on a sample account, which will help you improve your overall trading process and boost your profit. Trade simulators allow traders to become familiar with the trading console and its functionality while also gaining a general understanding of what it is like to trade. This is recommended for all users, experienced or inexperienced to get practice before live trading.

Step 4: Trade for Real

Trade for real

After you are comfortable and familiar with the platform from demo trading, you can go and live trade. After the deposit is made, trading can start. The platform allows you to set trading limits like take profits and stop losses to help minimize the risk of losses. The limits set will automatically apply to everyday trade unless you adjust the settings before the trading session starts. The settings allow the user set the cryptocurrencies he wants to trade. You can trade in one or combinations of coins as many you may want and this will also apply to all trades. You easily change the settings anytime. Once all the settings are set, you can turn on the robot. It is advisable to monitor your trading for like 20 minutes a day. You can turn the robot off once trading ends.

Bitcoin Formula Features: Why Choose This Bitcoin Robot?

Accurate Performance

There are many positive feedbacks on the platform claiming to make huge profits in the first week of trading. The platform offers earning potential to its users. The AI is programmed to make an accurate trading decision based on market trends. The platforms make correct calculations of the funds and earnings in each account.

State of the art technology

The AI predict feature on the Bitcoin Formula app is intelligent and can detect signals even from the slightest movement of the crypto market. The algorithm can get data from the market and financial news immediately it is available.

Ease of use

The platform is user-friendly, which means that traders would not bend over backward to complete any task. The interface is simple to use, interactive, and fluid. From novice investors to experienced professionals, the Bitcoin Formula trading platform is for everybody.

Demo Trading

The demo trading tool allows traders to practice trading without having to lose any money while trading. One can practice trading in the demo environment before moving on to a live trading session. It is the ideal trading feature for a new investor because it helps understand the functionalities of the platform better.

Security

To ensure that your account and cash are constantly protected, there is SSL encryption to stop hackers and cyber attackers from gaining access to users’ personal information. The platform makes sure the trader’s personal information is safe and claims to not sell their data.

Pros Cons
User-Friendly interface No mobile app
Demo account No information on founders
Multiple cryptocurrencies available
Quick registration process
No transactions fee
Accurate performance
Instant deposit and withdrawal


 

Which countries are Bitcoin Formula in?

United States: Traders from the USA are qualified for the services provided by this robot. Bitcoin Formula provides a user-friendly platform for all Traders in the US.

United Kingdom: Bitcoin Formula platform is available to UK traders; to access the services, you must have an account. Just follow the process of creating our account above to begin. To get started, a deposit of $250 is required.

Poland: Bitcoin Formula offers a great user interface and easy-to-use platform for Poland citizens. To enjoy its services and functionalities, just create an account and get started.

Spain: Crypto trading in Spain has been made easier with the Bitcoin Formula. The platform will help traders in Spain read the market, understand how to make money with market trends, and assist them in maximizing their trading and reducing losses.

Portugal: Starting with the Bitcoin Formula in Portugal is easy. You can access trading bot features once you create a Bitcoin Formula account. The bot helps traders make profitable trade to make profits.

Finland: The Bitcoin Formula associate brokers provide payment methods available for Finland traders. This means that Finland traders can also profit from Bitcoin Formula’s services.

How Much Money Can I Make Using Bitcoin Formula?

Bitcoin Formula’s profitability is dependent on a variety of factors, including the amount of money spent, the limits set when setting up your account, how often you activate the bot and the volatility of the market. Because the market is volatile, there is no guarantee that your money will not be lost as a result of this.

When Should I Use a Bitcoin Bot?

Keeping your emotions in check

Emotions can run too high and make traders leave the market too early or stay and close the trade too late which can lead to losses and drastically harm your portfolio. This calls for the need for an automatic trader. Set up your trade methods and the program will run brutally if you want to trade securely without meddling with your emotions.

Timing

Bitcoin robots never get tired. Their response time to market changes and volatility is therefore very short. When the trade rules or criteria have been met, trade orders, including protective stop losses and profit targets, are immediately sent to ensure the deal is successful. On the volatile cryptocurrency trading market, a difference of several seconds in the time required to enter or terminate a transaction can have a significant impact on the transaction result. These are tasks that trading bots can handle flawlessly and are highly effective.

24/7 Trading

A trading bot enables a trader to exploit market opportunities by automating specific tasks at any time of day or night. This is because this bot is available round the clock. When you’re out with friends on Saturday and Sunday nights, your Bitcoin trading bot will continue to work for you while you’re away.

Is Bitcoin Formula Right for Me?

Since all trades are completed automatically, it is a rather simple process to use cryptocurrency trading bots. All you need to do is to follow our Bitcoin Formula set up and set up your trading account. This shows that the platform is easy to use from the start. If you want to begin trading now, you should use the Bitcoin Formula App to start trading with a reliable bot.

 

Worthy Tips for Beginners to Make Positive Returns Using Bitcoin Robots

Be committed to Learning

It’s important to remember that mastering the fundamentals of trade takes time and effort. If you opt to trade with Bitcoin robots as your platform, you need to know the basic rule about trading and find a robot that can meet your specific needs. You won’t have any trouble getting started because, thankfully, most Bitcoin robots provide you with the majority of the information you want.

Only invest money that you can lose

As a new investment opportunity, new investors are tempted to make high deposits as the returns are larger. A high investment can result in a higher profit margin, it also holds the risk of losing all your investment. Learning should be given utmost priority as this can help secure your investments and a small sum of money can be used to perfect trading strategies and get more understanding and can progressively increase their investment.

Let go of your Ego

As a point with people, no one is above mistake. So in your trading journey, make it a rule to remain modest and know the truth that there is no master of trades as everyone makes mistakes no matter the level of success they have had before. You should have it in the back of your mind that the market determines what is best and it’s through the triumphs you have that you can maintain your position in the market.

Withdraw your Earning

After each profitable trade, ensure that you make a profit and deposit it into your account. This will assist you in distinguishing your profit from your invested capital.

Trade Consistently

Because the trading platform is constantly available, you can trade at any time of day or night. Nothing stands in the way of your daily transactions. It is not necessary to use the platform for at least 20 minutes per day.

Why are Bitcoin robots profitable?

Accuracy

The crypto market is so volatile, traders must be very efficient when trading. Traders must enter and exit the market at the appropriate times, therefore these bots are necessary to make all required analyses and enter or exit market trades when appropriate.

Allows backtesting

Having a strategy in the market makes for less trial and error and can be the difference between profit and losses. Auto trading bots give traders the ability to test their trading strategies. The strategy can be tested on past market data to determine if it will be useful in the future. This is called backtesting which can offer how a strategy will perform in the market without risk to the investment of the trader. Testing a strategy will help enhance the strategy before it is used for trade and can guarantee profits.

Efficiency

Bitcoin bots are profitable due to the efficiency they bring to trading. They can analyze the market efficiently, read signals correctly and make trade faster than people in buying and selling cryptocurrency which makes them very profitable.

Complex activities

You can customize your robot given that you have the technical skill to do so, to execute more complex activities for you like dodging and arbitraging you. Dealing with these complex activities makes the bot more profitable.

Possible Risks when Trading with Bitcoin Formula

Every investment has a risk associated with it especially if you don’t fully understand how the system works and this is true of Bitcoin Formula. The Bitcoin market is extremely volatile and the chart can react unexpectedly which can result in considerable loss of investment. Investing a large amount of money without fully comprehending the hazards involving it can lead to a significant loss of money.

Does Bitcoin Formula have an application?

Yes, via a computer or a mobile phone browser. The Bitcoin Formula app can be accessed through a browser. By not having a mobile app, you won’t have to worry about installation, updating the application, or any issues that come with a mobile application. The platform can be accessed not only on mobile phones but on tablets too. With your mobile gadgets, you can always trade on the website on the go and make profits.

 

 

Has Bitcoin Formula Been Featured in the Media or Endorsed by a Celebrity?

Bitcoin Formula Reddit

Some Reddit threads claim the Bitcoin Formula has been featured in some tv shows and endorsed by some celebrities. None of them, however, we’re unable to give substantial evidence. As a result, we can conclude that they are false and are meant to mislead people.

Trustpilot

Bitcoin Formula Trustpilot

Bitcoin Formula has several reviews on Trustpilot, and almost all the ratings are positive. The robot earned 4.5 out of 5, which shows it has positive evaluations. The comments indicate that the platform offers good returns on investment made.

Dragons Den - Bitcoin

Bitcoin Formula Dragons Den

Dragons Den is a reality tv program for entrepreneurs. There have been rumors that some of the entrepreneurs have invested and are promoting the Bitcoin Formula. There is no evidence to support these claims. It indicates that these are just rumors and has no evidence for truth.

Bitcoin Formula Review: Our Conclusion

After conducting research and reading multiple online reviews, we regard the Bitcoin Formula as an easy-to-use software that can be used to trade the cryptocurrency market. The claim of making up $10000 a day has no proof to support them so it’s highly unlikely that anyone will make such huge returns. The robot does not eliminate loss due to market risk, so you must trade with caution on this platform.

 

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FAQs

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What is Bitcoin Formula?

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What Are Bitcoin Robots?

About James Diko PRO INVESTOR

James Diko is a content writer/editor and also a Crypto enthusiast with years of experience as an investor/trader in the crypto market. James believes Cryptocurrency is the future of the Fintech industry, and it is his passion to enlighten people about it. As a result, James has written articles on many aspects of the Cryptoverse through thorough research and analysis, reviewing different trading platforms including crypto trading, forex, and stock trading. Now, James writes honest reviews about trading platforms and automated trading tools to guide inexperienced traders and help intending users make good choices.