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

Bitcoin Trader is one of the most well-known and widely used automated trading software programs. This user-friendly crypto platform allows users to trade in Bitcoin and earn more money. Bitcoin Trader takes into account the current trends in the cryptocurrency market and executes automatic trades 0.01 seconds faster than its competitors. The platform’s website makes some claims regarding the scale of the earnings that may be generated through the use of the program, but how much of this can be trusted?

As part of this Bitcoin Trader review, we will walk you through the specifics of the service provided by Bitcoin Trader and examine whether or not the claims made by the company are legitimate.

 

Table of Contents

Bitcoin Trader at a Glance

Type Bitcoin Robot
Minimum Deposit $250
Win Rate 96%
Withdrawal Duration 24 Hours
Mobile App No
Supported Cryptocurrencies BTC, ETH, XRP, LTE

 

Bitcoin Trader Review: What is Bitcoin Trader

Bitcoin Trader

A bitcoin trading robot, or auto trading robot, is a computer program that applies algorithms to maximize trading potential in bitcoin and other cryptocurrencies. Purchase, sale, and trading Bitcoin are made possible without the need for human participation. For trading, it uses historical data from various sources on the internet to derive the optimal trading methods, which it then applies to a variety of trading instruments. Using the information obtained via statistical and progression methods, it then makes transactions with brokers based on the information obtained from them.

 

Manual trading is also possible with the software, which is designed for experienced traders. Given the fact that cryptocurrency markets are open 24 hours a day, a trader can ensure that he or she is active at all times by setting fixed parameters for entering and exiting a particular trade by instructing the Bitcoin Trader robot at what price to buy and sell. Traders will not have to intervene in order for the deal to be executed based on the parameters that have been defined.

Bitcoin Trader: Legit or a Scam?

By doing so, the platform says that it can operate 0.01 seconds ahead of the market via its algorithm. Using microseconds to act, can make use of this competitive advantage. This is a significant claim, and it is important to note that it is advisable to set some criteria for how the robot performs to ensure that you are protected from the volatility of cryptocurrency markets in the long term.

However, while Bitcoin Trader appears to be a legitimate tool to use for automated cryptocurrency trading, it should be utilized with caution, as it is highly doubtful that the stories of people making riches overnight are accurate in the first place. Please keep in mind that before making a bitcoin investment, you should do your research first. When trading on the cryptocurrency market, your capital will be at risk — there is no such thing as a sure thing when it comes to investing, so always do your research before investing.

Bitcoin Trader Features

Automatic Trading

It eliminates the inconvenience of manually entering trades. When used as a good account manager, it enables users to auto-trade Bitcoin and other cryptocurrencies, which has the potential to generate large gains virtually every day without causing them any hassles. Because of the software’s user-friendly layout, users will have no trouble purchasing and selling Bitcoin on this platform.

Verification System

Regulation of the Verification System helps to screen out the scammers, and as a result, they provide a more secure trading environment for you. Brokers must verify users’ identification before they can begin utilizing the platform in order to comply with the law. Fortunately, Bitcoin Trader has simplified the process to the greatest extent possible. Users are required to submit simply their name, email address, and telephone number in order to register for free. Upon verification, you just deposit your trading capital and you are ready to begin trading immediately.

Withdrawal Process

The team behind this trading platform is well aware of the fact that traders require quick and easy access to their trading funds. The most convenient approach is to link your bank account to Bitcoin Trader, which is by far the most popular. If necessary, funds can be sent between your account and Bitcoin Trader daily if you choose. During our research, we discovered that withdrawals were enabled within 24 hours.

Fees

Bitcoin Trader is completely free software. This implies that there are no hidden costs or commissions associated with using it or being connected with a broker. It is possible to withdraw all their income produced on the site, with no trouble and at no additional expense. If you intend to trade using leverage, it is critical that you carefully review the terms and conditions to ensure that you are completely aware of the dangers.

Affiliated Brokers

When using the Bitcoin Trading software, you will have access to the cryptocurrency market through the use of trusted brokers. During our use of the software, we were led to two distinct brokers, both of whom were regulated by international regulatory bodies, for further investigation. These brokers act as a sort of portal for the robot, allowing it to access the market.

Trading Indicators

In terms of trading indicators, it is vital to note that the app is the first to introduce a total of six trading indicators into the market. Users will be able to profit from seven different timeframes thanks to this feature. This feature also has the advantage of providing comprehensive insights into the turbulent cryptocurrency market, as well as swings in the crypto market signals and trends, which is beneficial to the user.

Demo Feature

This platform provides a demo option, which is quite beneficial for novice users, as it assists them in learning how to trade and make a profit. Additionally, by utilizing this trial account, users may gain an understanding of the crypto trader platform, become familiar with its features, and test their trading techniques before making a live investment. They can proceed with live trading once they have gained sufficient confidence. Auto transactions are also quick and secure, as previously stated.

How to Create a Bitcoin Trader Account

Step 1: Registration

Bitcoin Trader

If you compare it to other cryptocurrency trading industry bots, the account registration process does not require the trader to fill out a comprehensive set of information before creating an account. The user must first go to the Bitcoin Trader website and complete the account registration form on the site. A user can register on the platform in a matter of minutes by following a few straightforward steps.

 

The user is required to enter certain basic information such as their full name, email address, credit card information, and phone number. An email with a verification link will be sent to the email address and phone number that has been registered. Furthermore, the trader is not required to submit an ID scan, any bank statements, or any security code associated with his or her trading account. For successful registration, only the most basic account information, as well as information on the payment methods, are required.

Step 2: Deposit

We recommend that you deposit at least £250/€250. This deposit must be made before the user being able to access the live trading functionality. Users who have never traded before should begin with a small investment. The user has a variety of payment options at his or her fingertips. This provides an additional level of convenience and ensures that the transactional process is as quick and simple as possible.

MasterCard, Visa, and Maestro credit cards are accepted for deposits. User authentication will be required, however, to ensure that the card is legitimate. New users who are concerned about the security of their credit card information should know that Bitcoin Trader users and SSL certificates protect all transactions, according to reports. This means that on the site, all of your confidential information is encrypted and protected from disclosure.

Step 3: Demo Trading

This software provides the option of practising trading with the demo feature before making a deposit with real money. They are extremely beneficial, particularly for new cryptocurrency traders. By utilizing the demo mode, new traders can become more familiar with the tools, functions, trading processes, trading opportunities, and a variety of other resources that are made available on the platform by the platform’s developers. Upon becoming acquainted with the platform, traders can begin depositing money into their trader accounts and trading with the funds that have been deposited into their trader accounts.

Step 4: Trade for Real

For all new users, we recommend that they set trading limits prior to beginning a live trade. This will protect any investment or, at the very least, reduce the risk of suffering a colossal loss. Once a user has configured the initial limit settings, those settings will be applied every day of trading, with the exception of days when the user changes the settings before a trade is executed. It is recommended that you use the demo trade feature before proceeding to the live trade mode. People who have tested Bitcoin Trader have reported that they made significant profits from their initial deposits, which has been confirmed by other reviews.

Bitcoin Trader Features – Why choose this Bitcoin Robot?

Automation of Trading

The app gives crypto traders greater control over their trading activities by allowing them to monitor and control their trade activities daily without delay. With the help of the robot, users can regulate their trading sessions and account activity, as well as stay up to date on the current and future conditions of the cryptocurrency market. The trading alerts are easily detected by the robot, which ensures that transactions run smoothly. All that is required of users is that they ensure that their stop-loss limits are set appropriately.

User-friendly

Users will find it simple to navigate this platform because of its user-friendly features. The interface is simple to comprehend.

Fast Withdrawals

Transactions can be completed within 24 hours of the initial trade. When it comes to technology, Bitcoin Trader is both fast and accurate.

Customer Support

The trading application provided by this system is extremely user-friendly, and the trader is unlikely to require assistance when initiating any trading activity. Customer service is available via live chat and email, both of which are accessible through the Bitcoin Trader website if the trader requires it. Furthermore, the platform’s customer support system is extremely quick and responsive.

Pros Cons
 Fast and easy registration  Limited crypto assets supported
 Multiple payments available  No information about the founders
 Safe and secure
 Excellent customer support

 

 

Which Countries is Bitcoin Trader in?

United Kingdom: Bitcoin Trader services are available for UK traders and you need to open an account in order to have access to these services. Just follow our account creation process to start. It only requires £250 to start up as capital.

UAE: Traders from UAE may also have access to this trading bot’s services. The platform is easy to use and offers easy access to app features.

France: Bitcoin Trader’s services are also available in France. Traders can easily register to begin trading on the official platform website.

Germany: This platform is available in nearly every European country, including Germany. It is easy and quick to start with Bitcoin Trader Germany. Once your account has been created, deposit €250 and you can start trading your favourite cryptocurrencies. However, don’t forget to try demo trading before actually trading.

Canada: Bitcoin Trader offers a great user interface and easy-to-use platform for its investors in Canada. Simply create an account to enjoy and get started.

Spain: Trading in the crypto market in Spain with Bitcoin Trader is now easy. The software helps Spanish traders to read and analyze the market trends, foresee profitable businesses and help them reduce losses.

Italy: It’s quite easy to start with Bitcoin Trader in Italy. You can access the trading bot features once you create an account with Bitcoin Trader. The use of the bot will improve your trade and help you reduce the associated trade loss.

Australia: Australian citizens are also eligible for the services of Bitcoin Trader. Bitcoin Trader Australia offers easy registration and use of the platform.

Kenya: Bitcoin Trader is available to Kenyan Traders. Users only need to register on the platform and make an initial deposit to get started.

India: You only need to register, deposit and commence trading with the registration form to use Bitcoin Trader in India.

Thailand: Bitcoin Trader provides an excellent user interface and easy-to-use platform for its investors in Thailand.

Uruguay: Uruguay is one of the countries that can enjoy the services of the Bitcoin Trader. The Bitcoin Trader Uruguay user interface is user-friendly, making it easy to access all features.

Nigeria: The Bitcoin Trader Nigeria features an easy-to-use trading platform interface, which enables auto trading of multiple cryptocurrency assets.

Philippines: Although Bitcoin Trader is restricted in some countries, it does not include the Philippines. Bitcoin Trader auto trading features are available for crypto traders from the Philippines.

Indonesia: The services offered by this robot is also available in Indonesia. Indonesians can enjoy these services for free.

Singapore: Traders from Singapore are entitled to accessing the Bitcoin Trader Platform. The layout is easy and user-friendly, thereby making it easy for users to use the platform.

South Africa: This trading bot also extends its services to some African countries one of which includes South Africa. South African Traders can have access to the bot’s services by going through the Bitcoin Trader Sign-up process.

Nederland: As in many European countries, the services of this robot can be accessed by traders in Nederlands too.

New Zealand: Traders in New Zealand can also access the services of this trading bot. The platform is easy to use and easy to access.

Is Bitcoin Trader Right for Me?

Since all trades are automatically executed, using bitcoin trading bots is quite a straightforward process. All you need to do is follow our assessment of Bitcoin Trader and set up your trading account. This shows that from the beginning the platform is straightforward to use. If you want to start trading now, you should start trading with the Bitcoin Trader App.

 

How Much Money Can I Make Using Bitcoin Trader?

Bitcoin Trader’s success depends on a variety of factors, including money invested, the level of risk involved in each trade and the volatility of the market. As the market is volatile, there is no guarantee that your money will not be lost.

When Should I Use a Bitcoin Robot?

Speed and accuracy

A common problem encountered by traders is their inability to react quickly enough to price changes in order to take advantage of the optimal trades that are theoretically available to them. Slowdowns in exchange rates and transaction times only serve to exacerbate the situation. As a result, traders rely on robots to execute trades on their behalf because they are reputedly fast and accurate.

Round the Clock Trading

To consistently make the best trades in cryptocurrency markets, traders simply cannot devote the time required to do so to a sufficient level. This is the reason they employ bitcoin robots to monitor the crypto markets for them and execute trade when they would not be available.

Worthy Tips for Beginners to Make Positive Returns Using Bitcoin Robots

Regularly withdraw

A profit should be produced on a regular basis and as rapidly as feasible to avoid negative cash flow. Why? This is because, by its definition, the bitcoin market is extremely volatile. Much rapidly than you might expect an item’s price to happen. It is therefore crucial that you remove your money as quickly as possible and keep it safe when the price is high and you have benefited.

Begin with a small budget and work your way up

In the words of any long-term investor, the single most important thing to remember when starting a trading career is the concept of risk management. If you size your positions correctly, you can avoid experiencing any heartbreak. Bitcoin Trader, according to reports, provides a suite of tools, such as stop losses, to assist you in managing this risk. Begin with a small investment and book profits as you progress.

Save Some Profits

Long-term traders will tell you that there is never a bad time to cash in on your gains. When you are on a winning streak and believe that it will last forever, it is easy to become overconfident. Don’t be overly greedy. The practice of withdrawing funds from the table as profits are generated is a sound business strategy. Make certain that you take advantage of the opportunity and convert your paper gains into real money in your bank account as soon as possible!

Follow the Advice of Professionals

It is recommended that you spend some time learning about the macroeconomic outlook for cryptocurrency from experts before considering investing in this emerging asset class. Twitter is one of the most popular social media platforms used by these professionals, and you should conduct some preliminary research to determine which coins you intend to trades.

Only put money into investments that you can afford to lose.

There’s a reason why it’s a cliche in the cryptocurrency trading community. As the saying goes, “only invest what you can afford to lose.” If the entire market takes a turn for the worse, an “all-in” strategy can quickly leave you with no other options to choose from. It is critical to properly size your trades in order to “stay in the game.” All trading involves risks, and you should aim to have a portion of your portfolio in fiat currency just in case something goes wrong.

Why are Bitcoin Bots Profitable?

Precision

Inherently, the nature of the medium makes Internet trading unpredictable. The Bitcoin Trader software, on the other hand, was built to minimize the intensity of the trade process itself. The developers say that the software is able to perform successful price actions and recognize them, as evidenced by the outcomes.

Backtesting

Traders are also provided with the option to test their trading tactics by car trading firms. By analyzing previous market numbers, a trading technique can be examined to discover if it is lucrative in the future. Backtesting can offer a trader an indicator of how a strategy is applied on the market without jeopardizing its financial investment. Testing a business strategy results in examining and improving the strategy to evaluate how it performs before implementing it in the marketplace.

Speed

Never get weary of Bitcoin robots. Consequently, their response time to market movements and volatility is relatively short. Once the trade rules or criteria have been met, trade orders are instantly sent, including protective stop losses and profit objectives, to ensure that the deal is successful. A difference of several seconds in the time to enter or end a transaction may have a major impact on the transaction result in the volatile crypto-monetary trading market. These are jobs that bots can execute perfectly and are extremely efficient.

24/7 Trading

A trading bot allows a trader to exploit market opportunities at any time of day or night, automating specified duties. This is because this bot is online 24 hours a day. When you’re out on Saturday and Sunday evenings with pals, your Bitcoin trading bot keeps working for you as you leave.

Possible Risks when Trading with Bitcoin Trader

The failure of traders stems from the lack of understanding of the functioning of the system, which leads to significant investment and financial loss, which is one of the many causes behind it. Keep in mind that the Bitcoin market is extremely unpredictable and that spending significant sums in Bitcoin Trader is likely to lose your money without comprehending the risks.

Does Bitcoin Trader have an application?

Yes, you can use your desktop browser to visit the Bitcoin Trader website. You don’t need to bother about program updates, installation, or any other humiliating activities associated with downloading software like this. This platform is also available through mobile devices such as tablets, smartphones, and desktop PCs.

 

Has Bitcoin Trader Been Featured on the Media or Endorsed by a Celebrity?

Bitcoin Trader Reddit

Some Reddit posts claim Bitcoin Trader has been featured on TV shows and endorsed by celebrities. These claims are false information intended to mislead many people.

Trustpilot

Bitcoin Trader Trustpilot

There are many Bitcoin Trader app reviews on Trustpilot. The Bitcoin Trader App has received positive feedback on Trustpilot. Negative feedbacks on Bitcoin Trader Trustpilot include persistent phone calls and other communication issues.

Elon Musk

Bitcoin Trader Elon Musk

Elon Musk is a well-known engineer, industrial designer, and technology entrepreneur. He is said to have endorsed a wide range of cryptocurrency products. Despite Musk’s interest in Bitcoin, we are unable to confirm any connection between Musk and the robot or his endorsement.

Bitcoin Trader This Morning

Rumours say that on This Morning, Bitcoin Trader was featured with some celebrities. This sparked our interest and looked for these episodes. However, we did not find any of these episodes. So these rumours are mere rumours and they’re not true.

Bitcoin Trader Tesla

Because of The CEO of Tesla’s (Elon Musk) involvement with Bitcoin, some have said that the company has funded the Bitcoin Trader platform. However, we have found no connection between the company and the trading platform.

Bitcoin Trader Yann Barthes

Yanne Barthes, a French journalist, has been claimed to have invested in Bitcoin robots including Bitcoin Trader. Yann Barthes, however, does not disclose publicly whether or whether he made any bitcoin investments. It is not known whether or not he uses Bitcoin Trader.

Dragons Den - Bitcoin

Bitcoin Trader Dragon’s Den

As the most successful television show in history, any product featured or associated with Dragon’s Den would be successful almost immediately. If Bitcoin Trader had been featured on this show, it would have been the headline everywhere. Hence, the rumours are not true.

Martin Lewis - British Trade Platform

Bitcoin Trader Martin Lewis

Martin Lewis of Money Saving Expert once sued Facebook for advertisements that falsely claim to have gained wealth from Bitcoin investments such as Bitcoin Trader exchange.

Bitcoin Trader Peter Jones

Peter Jones is an English Businessman and a TV star. Some websites and news blogs have published articles asserting that Peter Jones endorsed Bitcoin Trader. But we have found no connection between Jones and the aforementioned robot.3

British Bitcoin Profit - Holly Willoughby

Bitcoin Trader Holly Willoughby

There are rumours that Holly Willoughby, a famous TV presenter and co-host of ITV This Morning, has invested in the Bitcoin Trader. Surprisingly, she has never expressed interest in bitcoin, let alone a bitcoin trading robot. This raises the possibility that the platforms making these claims are lying.

Bitcoin Trader Jason Statham

Jason Statham, a 90 million dollar net actor in England has reportedly invested in Bitcoin Trader that contributed to his wealth. However, we know that the wealth of Statham comes from professional activity, not from cryptocurrency. Such claims are therefore not true and should be disregarded.

Jim Davidson Bitcoin

Bitcoin Trader Jim Davidson

Jim Davidson is an English Standup comedian. Some sources have claimed that Davidson endorsed Bitcoin Trader. We found no evidence of his involvement with Bitcoin or Bitcoin Trader. Neither have we found traces of his investment in the trading platform.

Bitcoin Trader James Corden

James Corden is an English writer, actor, and producer. We are don’t know how and where this rumour started. But our research turned up no evidence of James Corden having anything to do with Bitcoin Trader.

Jordi Cruz

Bitcoin Trader Jordi Cruz

Jordi Cruz is a Chef of Spain and one of the top chefs of Spain. Some say he invested in Bitcoin Trader. However, we found that after extensive research there is no relationship with Bitcoin Trader or other cryptocurrency platforms. These statements are therefore not genuine.

Bitcoin Trader Kate Garraway

Kate Garraway is an English Writer and Journalist. She made her wealth from the media. We found no evidence of her involvement with Bitcoin or Bitcoin Trader.

Bitcoin Trader Keanu Reeves

Keanu Reeves is a wealthy Canadian actor. Some say he invested in the Bitcoin Trader. Investing in Bitcoin Trader is said to have increased his wealth. Currently, however, there is no evidence to back up these claims. Hence, the rumours are unlikely to be true.

Bitcoin Trader Karl Stefanovic

Karl Stefanovic is an Australian television presenter and is best known for co-hosting the Nine Network Breakfast Show Today. Some have argued that Karl Stefanovic endorses Bitcoin Trader. We found no evidence that Karl Stefanovic has any association with Bitcoin Trader.

Xavier Niel

Bitcoin Trader Xavier Niel

Xavier Niel is a billionaire French. He made his wealth from telecoms and technology. We did not find evidence of Bitcoin or Bitcoin Trader’s involvement. He has made traditional business his money.

Bitcoin Trader Mike Hosking

There have been rumours that Mike Hosking uses Bitcoin Trader because of advertisements that have been spreading on the internet about Wayne being wealthy as a result of Bitcoin.

Kate Middleton

Bitcoin Trader Kate Middleton

There have been rumours about Kate Middleton, the Duchess of Cambridge is providing financial support to the Bitcoin Trader platform. This claim has not been proven, according to our in-depth investigation of the matter, and it is simply another rumour.

Bitcoin Trader Review: Our Conclusion

Compared to its competitors, the Bitcoin Trader app offers a relatively small number of cryptocurrencies that can be traded, and it has received positive feedback from customers. Keep your investments in the cryptocurrency market as safe as possible by conducting thorough research before beginning to trade. The potential for substantial profits exists, but as with any investment opportunity, there is a risk to your capital, and your chances of success are likely to be greater if you arm yourself with the necessary knowledge.

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FAQs

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About James Diko PRO INVESTOR

James Diko is a content writer 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.