BitIQ App Review 2021: Is It Legit, or a Scam?

BitIQ is a cryptocurrency investment platform that claims to make investment simple, profitable, and low-risk for users. Trading opportunities on the cryptocurrency markets are identified through the use of Artificial Intelligence. News trading, Arbitrage trading, and Price trend analysis are some of the advanced crypto trading strategies used by the BitIQ app to trade cryptocurrency.

Arbitrage trading, in its most basic definition, is the practice of trading small price discrepancies between different stock exchanges. BitIQ researches up to 30 of the most prominent cryptocurrency exchanges and executes up to 50 arbitrage trades per minute. Price trend analysis entails conducting a thorough examination of historical charts in order to identify cyclical market trends. BitIQ implements this strategy with a win rate of up to 90%, according to some estimates.

This BitIQ review is intended to determine whether or not this auto-trading robot is capable of performing the tasks it claims to be capable of performing. We’ll go over how BitIQ works for users and what advantages you might be able to reap as a result of using it. Are the statistics given by users about this robot true? Is BitIQ Legit? Is BitIQ scam? Let’s take a look at the BitIQ review to find out.

 

BitIQ at a Glance

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

BitIQ Review: What is BitIQ?

BitIQ is an auto-trading robot that aims to make the trading experience of its users as smooth as possible. While it is suitable for any type of trader, it is primarily designed for beginners who would like to make their first investment but are unsure of where to begin and do not know where to look. As stated by the company’s founder, no prior financial or technological experience is required; as long as you have the desire to learn, anyone can use BitIQ.

Traditional trading necessitates constant monitoring of the financial markets in order to identify appropriate trades that meet your requirements. But if you don’t know what you’re doing, this activity can quickly turn into an exhausting and frustrating experience. Because BitIQ is monitoring the market on your behalf, it is our job to relieve you of that burden.

Furthermore, BitIQ takes care of the majority of the trading procedures so that you don’t have to. A better trading strategy would normally necessitate keeping up with the latest trading news, but that is no longer necessary with BitIQ.

BitIQ 2021: Is it Legit or a Scam?

Trying to figure out whether a trading app is good or bad can be difficult, especially when you consider all of the options available on the market at the moment. The BitIQ trading app has been thoroughly investigated, and it appears to be a legitimate trading application from all indications.

Keep in mind that every trader’s experience is unique, which is why you may find a mixed bag of BitIQ reviews from other traders on the internet. In other words, you will find both positive and negative BitIQ app reviews on the internet. According to reports, the trading process was smooth, simple, and intuitive, making it an excellent choice for beginners who want to get their feet wet in the trading world without putting themselves under too much pressure.

While we believe the BitIQ app to be legitimate, you should exercise caution when making trades and developing trading strategies with it. Trading cryptocurrencies is frequently regarded as a dangerous activity due to the high level of volatility in the market. BitIQ can assist you in mitigating some of the risks associated with trading in these markets, but if you don’t pay close attention, you could suffer significant losses on your investment.

On the whole, BitIQ has a lot of unique features, and it does an excellent job of introducing new traders to Bitcoin and the cryptocurrency trading community. When you visit the BitIQ website, you will notice that there is a wealth of information available on the subject, which is excellent news for those who are unfamiliar with this type of financial activity.

BitIQ App Features

BitIQ Fee

Many digital money services, such as exchanges and trading platforms, now charge fees for a variety of services, including store transactions, withdrawals, and trade request execution, among others. Some people find cryptocurrency trading to be an unappealing endeavor as a result of this. As a result, BitIQ eliminates a wide range of expenses, commissions, and other ambiguous fees.

BitIQ Withdrawal

The majority of cryptocurrency exchanges and trading platforms require their brokers and traders to wait for an average of 7 days before profits are credited to their respective accounts. Fortunately, this is not the case with the BitIQ software. The BitIQ payment service takes approximately 24 hours for them to process your withdrawal request after you have filled out the appropriate form. You have many withdrawal options to choose from on BitIQ, bank transfer.

Precision

In order to maximize profits, it is critical to enter and exit a position at precisely the right time. Because the value of Bitcoin can fluctuate dramatically in a short period, timing is critical. BitIQ according to reports, has been designed to open and close orders with a precision of hundredths of a second in order to optimize the trading process for the highest possible financial gain.

Bit IQ Customer Service

BitIQ’s customer service department can be reached, using a variety of communication channels, all of which has been proven to be efficient. If you have questions about cryptocurrencies and trading, they will be answered in a timely manner and with a high level of satisfaction.

BitIQ Demo Features

There is a demo account included in the software. The demo mode is available after you have joined the platform and have become familiar with the user interface. You can also use it to experiment with different trading strategies without putting your own money at the risk of losing it all.

How to Create a BitIQ Account

STEP 1: Registration

BitIQ offers potential users a straightforward registration form at the start and end of each page on its website. It is necessary to enter your details such as your e-mail address, your name, phone number, and a password for your account, before proceeding. Once you have completed the sign-up process, you will be able to verify your account through your e-mail address.

STEP 2: Make a Deposit

You can fund your account with your desired amount, though we recommend that you start with a minimum of $250 to ensure that your account is properly funded. You can also choose from a variety of payment options, the most common of which are credit/debit card payments and online bank transfers.

STEP 3: Demo trading

The demo trading feature provides you with the opportunity to gain an understanding of how trading works as well as how the system can assist us in making a profit from trades. Without the use of real money, the demo trading feature simulates the behavior of a real-time trading session. It provides an example of how the platform works. The demo trade includes a dashboard that is identical to the one that is used on the live platform.

STEP 4: Start Trading Right Away

Once you have full access to all of BitIQ’s features, you can begin putting together a trading strategy for your cryptocurrency. Remember that you are free to select any setting that best suits your requirements, so take your time to learn everything about the app. As soon as you’re ready to begin trading, you can navigate to the platform’s live trading area.

BitIQ Features – Why Choose This Bitcoin Robot?

Suitable for Beginners

The fact that you are unfamiliar with cryptocurrencies does not matter; you can take advantage of BitIQ to make profitable trades with the least amount of effort and capital investment, according to testimonials from its users.

Registration is Quick and Simple

On the BitIQ website, you will not be required to go through the time-consuming sign-up and verification processes that are required by other services. Creating an account and getting started with trading should take no more than 20 minutes.

Completely Free Software

BitIQ in contrast to conventional cryptocurrency exchanges and trading platforms can be used completely free of charge. In addition, they do not charge any fees or expenses, and there are no concealed commissions.

Secured Platform

BitIQ protects your personal information, as well as the funds in your account, from any type of data breach by utilizing high-end SSL encryption and a variety of other innovative security technologies.

Trade multiple Cryptocurrencies

BitIQ has also added the capability of trading a wide range of popular cryptocurrencies other than Bitcoin, including Ethereum, Ripple, Litecoin, Bitcoin Cash, and others.

BitIQ App Pros & Cons

Pros Cons
Easy registration and verification No mobile app
Completely free to use without any hidden fee or charges Does not eliminate the risk
Excellent customer support
Fast withdrawals
Trade all major cryptocurrencies including Bitcoin
Demo account

 

How Much Money Can I Make Using BitIQ?

According to the testimonials, some users are reportedly earning hundreds of thousands of dollars each month by employing the software to their advantage. The amount of money you could make trading with BitIQ, on the other hand, is highly dependent on the level of risk you are willing to accept as well as your ability to adjust your trading parameters.

When Should I Use a Bitcoin Robot

Repetitive Tasks

Because they are repetitive and time-consuming, some administrative tasks necessitate a significant amount of effort to be completed. This type of work can become monotonous and discouraging as a result of this. The fact that trading with crypto bots can be extremely beneficial in assisting you with such tasks as well as making your crypto trading process more efficient is one of the reasons why doing so is a wise decision.

Time Consuming Task

Because of the volatile nature of the Bitcoin market, timing is essential when trading this cryptocurrency. Trading with better timing can result in higher levels of accuracy in your trading, which is something that should be taken into consideration. You should consider every trade because it has the potential to have a significant impact on your overall earning potential. Finding out about the cryptocurrency market and determining when to enter the market, on the other hand, can be time-consuming tasks to undertake. A bitcoin bot is particularly advantageous in this situation. The use of trading bots can save you time by monitoring and analyzing the market on your behalf before executing trades on your behalf at the appropriate time. Trading bots are particularly useful if you have a time-consuming task to complete.

Is BitIQ Right for Me?

It will save you time if you use a cryptocurrency trading bot because the program will monitor the market and execute trades on your behalf, allowing you to conserve your valuable time. It is recommended that you use the BitIQ trading platform if you do not want to spend your time constantly monitoring cryptocurrency markets.

Worthy Tips for Beginners to Make Positive Returns Using Bitcoin Robots

Learn the basics of trading the crypto market

Remember that learning the fundamentals of trading will take time and effort on your part. Even if you choose to trade using bitcoin robots as your platform, you will need to learn some fundamental terminology in order to get started and understand what you are doing. Fortunately, most bitcoin robots provide you with the majority of the information you require to get started, so you won’t have any difficulties.

Learn more about your asset

Gaining a better understanding of your preferred asset helps you to come up with better trading strategies that are based on how it has behaved over a specific period. On the contrary, having insufficient information about the asset you are trading can expose you to greater trading risks, which can put your investment at risk of loss.

Invest only what you can afford to lose

A common mistake made by new traders is to make large initial investments in the hope of making larger profits later on. Higher investments can result in higher profits, but higher investment amounts can also increase your chances of losing your investment money. Beginners must strive to be as safe as possible while learning the fundamentals of trading, which is why they should begin with smaller sums of money and gradually increase their investment over time.

Don’t rush

While the cryptocurrency market is becoming more competitive with each passing day, this does not imply that you should rush into your trades. Take the time to consider your options, goals, and risks before you begin trading. This is the key to successful trading. Many people tend to rush their financial decisions, and it is in this area that they make the majority of their mistakes.

Why are Bitcoin Robots Profitable

Timing

Because bitcoin bots are software, they are able to buy and sell your cryptocurrency much more quickly than you could if you were trading cryptocurrency manually. When using a trading indicator, you should think about using a bot to help you place more precise market orders on the market.

Consistency

What distinguishes bots from humans is their ability to operate nonstop and consistently execute trades based on specific indicators. In this regard, bots outperform humans by a significant margin. Keeping your trading discipline when dealing with cryptocurrencies can be difficult; therefore, employing a trading bot lowers the risk of engaging in trading based on emotions.

Speed

Speed is critical in the Bitcoin trading process, just as it is in the majority of other financial transactions, as well. As a result, Bitcoin trading bots can increase your profitability by trading at the right time, thereby increasing your efficiency.

Emotionless

When it comes to bots, losses resulting from emotional reactions are avoided. Because these technologies are based on market data, the use of Bitcoin trading bots eliminates the need for emotional demand in the trading process. Because a bot is devoid of emotion, it can reduce trade issues that arise as a result of emotions such as greed and fear of losing money.

Possible Risks when Trading with BitIQ

No trading platform is completely risk-free. Trading always carries the risk of losing your money, and the only way to protect yourself is to use a trading platform that has stop losses built into it. BitIQ has created a system in which the likelihood of you losing money is extremely low, but there is still the possibility of losing money. We recommend that you take your profit as soon as possible, invest wisely (i.e., don’t put your savings into it, but your extra income instead), and avoid being greedy when trading.

Does BitIQ Have an App

Yes, bitIQ has a desktop app where you can trade the crypto markets with ease. However, to access the bitIQ on your mobile devices, you can access BitIQ online from your mobile browsers.

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

BitIQ Reddit & BitIQ This Morning Rumors

According to a post on Reddit, some cryptocurrency trading platforms, including BitIQ, have been featured on This Morning, a popular British television show. According to the post, the hosts of this TV show have revealed that some other celebrities have been trading bitcoin through the trading system. The claims made in this article have been thoroughly investigated, and we have found that they are false. Further investigation reveals that they are being used as clickbait to direct people to cloned BitIQ websites. BitIQ has issued a statement on its official website, warning the public about the dangers of visiting these cloned websites.

Dragons Den - Bitcoin

BitIQ Dragons Den & BitIQ Shark Tank

As a result of our research, we have discovered that headlines relating to BitIQ and Shark Tank and Dragons Den are also used as clickbait. Shark Tank and Dragons Den are reality television shows that air in the United States, Canada, the United Kingdom, and Australia. Entrepreneurs pitching their ideas for funding to a panel of wealthy investors are featured in these shows. In the past, BitIQ has never received funding from angel investors. Avoid falling into the trap of cloned websites by only clicking on signup links that come from trusted sources.

Elon Musk

BitIQ Elon Musk

Elon Musk is said to have recommended bitcoin trading through the BitIQ App, according to a popular rumour. We have, however, been unable to locate any evidence to support these assertions despite our best efforts. Further investigation into these rumours reveals that they are being used to redirect unsuspecting victims to cloned websites, according to the information available. These cloned websites are then used to obtain sensitive information from customers, such as passwords, credit card information, and other personal information, through a hacking technique known as phishing.

You should always be wary of any trading robots posts that have a celebrity attached to them. The celebrities’ names are being used as clickbait by the scammers in order to trick their victims into falling into their traps. Usually, these celebrities’ names or images are used without authorization.

BitIQ App Review: Our Conclusion

Once you’ve created your account, BitIQ allows you to explore the app before making a decision, allowing you to take as much time as you need before deciding on whether or not to invest. We found BitIQ’s platform to be user-friendly for a wide range of trader types, so even if you’ve never traded before, you’ll be able to get up and running quickly with BitIQ. According to the BitIQ group, BitIQ was developed because there were several trading platforms available on the market that were extremely difficult to use, causing beginners to become even more confused about trading than they were before they started using the app. In essence, you don’t need any prior knowledge of technology or cryptocurrency investments to get started; all you have to do is create an account and set up your parameters, and you’ll be good to go.

BitIQ’s bot makes use of complex algorithms to identify trades on the market based on the information you provide to the bot. Once it has identified a promising trading opportunity for you, it will automatically place a buy or sell order on your behalf, allowing you to save time during the trading process.

BitIQ seems to be an incredible trading software. With enough research coupled with thousands of positive reviews, all indicating that bitIQ is reliable trading software. There are many clones of this platform, however, so you should take extra caution. According to some BitIQ reviews online, there were challenges with unregistered brokers. Ensure you are dealing with registered brokers lest you lose your money.

Top 3 Alternative Bitcoin Robots:

2
$200Exclusive promotion
Our score8.5
  • Very high winning rate of over 80%
  • Extremely quick customer support
  • Thousands of positive reviews online

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FAQs

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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.