BitcoinX App Review 2021: Is it Legit, or a Scam?

Trading robots are among the most dependable tools for improving your crypto trading process. Nevertheless, if you want to improve as a trader in the future, you must make sure you’re operating with the appropriate one.

There are dozens of such trading software on the internet, so finding one that suits your needs and objectives may be difficult. Furthermore, many fraudsters online will try to offer you bogus software that will do nothing to help you with your trading.

Our aim is to evaluate these trading platforms to help you identify the ones suitable for you. Today, our BitcoinX app review 2021, we’ll take a look at BitcoinX, one of the most highly rated online traders on the market.

We will answer your questions on the BitcoinX app scam, and Bitcoin legit rumours.

 

Table of Contents

BitcoinX App at a Glance

Type Bitcoin Robot
Minimum Deposit $250
Withdrawal Duration 48 Hours
BitcoinX Mobile App yes
Supported Cryptocurrencies BTC, ETH, XRP, LITE, BTCEUR, BTCUSD

 

BitcoinX App Review: What is BitcoinX?

BitcoinX is an automated trading bot that specializes in exchanging Bitcoins and other cryptocurrencies.

 

With this platform, you get a far better user experience customized to your crypto trading needs because BitcoinX concentrates on Bitcoin instead of other commodities (such as CFDs or commodities). After you start using the program, you’ll be given a tour of its capabilities, so you can figure out what works best for you. With BitcoinX, you’ll have access to a user-friendly interface that will take you no less than 10-20 minutes to configure and understand.

If you’re interested in learning more about Bitcoin, cryptocurrencies, and everything else about trading in general, BitcoinX might be a good place to start. Remember that BitcoinX does not provide you with a “magic formula” for becoming a better trader. To become a skilled trader, you must devote a substantial amount of time to studying market behavior. BitcoinX’s objective is to make that procedure easier and more pleasant for you. The program searches for the best trading chances for you while you’re researching new trading methods.

Normally, manual trading is tasking. BitcoinX addresses this problem by doing the majority of the surveillance so you can concentrate on other things. Once you’ve created your trading strategy, you’ll need to input it to the trading robot; at that point, the robot will search the markets for deals that meet the specified parameters.

If BitcoinX discovers a good deal for you, it will inform you right away so you can act; this has proved to be a great method to monitor your trades without becoming swamped all of the time. If your trading plan isn’t working as well as it used to, you can always quickly enter your BitcoinX dashboard, alter your approach, and continue trading.

you have the option of following the company’s minimum amount required or choosing an amount that seems right for both you and your budget. Don’t fret about the amount of deposit you pick; the software will still operate. If you’re a newbie, though, we advocate investing smaller sums of money.

Ultimately, BitcoinX features one of the most sophisticated technology solutions you can find in a trading robot, so if you’re looking to start your trading career with a safe and dependable piece of software, BitcoinX is an ideal option. Keep in mind that if you really want to be successful with BitcoinX, you must work hard.

Is BitcoinX App Legit or a Scam?

It’s important to remember that selecting a legitimate trading program isn’t as straightforward as it appears. Thankfully, we have a set of criteria to assess if a piece of software is worth your time. With all of the data we obtained for this study, we can confidently state that BitcoinX is a legitimate trading robot that is suited for traders of all skill levels. Continue reading to learn more about how we arrived at this conclusion!

The smart trading software will not waste your time by setting lofty goals for you; rather, it will focus on providing you with all of the data you need to start trading effectively. And most of the time, just knowing that simple information is enough to decide if a trading robot is excellent or terrible.

We were treated fairly from the minute we went into BitcoinX’s site, which was a strong sign that it was not a fraud.  We can infer that this trading platform is legitimate based on these data and the effectiveness of the algorithms.

BitcoinX App Review: Features

BitcoinX is one of the crypto industry’s most advanced auto-trading platforms. It’s also one of the most well-liked by both professionals and regular people.

BitcoinX uses a novel trading strategy that involves obtaining tradable market information.

This trading method can make you a lot of money, but it can also make you lose a lot of money. These high-risk investments should account for no more than 10% of your total savings. BitcoinX’s most important characteristics include

Trading with extreme precision

The BitcoinX effect has a robust news trading function. The robot is outfitted with algorithms that identify market patterns in real-time.

It then forecasts how the trades will impact crypto prices and executes deals accordingly. BitcoinX reportedly analyzes over a billion web pages per minute and can differentiate legit sources of information from fake ones.

This bot monitors hundreds of celebrity social media postings in order to spot and respond to volatile attitudes.

Trading Based on Charts

A chart trading tool was added to BitcoinX called Chart trading that studied previous price charts for information.

BitcoinX detects and wagers on price patterns that are likely to reoccur. This trading system is capable of analyzing up to 10,000 price charts in a single minute.

As a result, it’s more effective than the market analysis tools available on conventional trading systems like MT4. For chart-driven trading, experienced crypto traders are resorting to BitcoinX and other complex auto-trading platforms.

The capacity to evaluate several trading charts in a short period of time improves accuracy. To react to shifting market data, BitcoinX is integrated with Machine Learning (ML) technologies.

Easy deposits and Withdrawals

No one likes to deal with lengthy withdrawals or financing, but certain trading applications may aim to execute your operations as quickly as possible, which isn’t always a bad thing, but it may be inconvenient for most traders.

We discovered that BitcoinX’s financial management unit is adequate for the regular trader. If you wish to deposit or withdraw money, go to your dashboard, choose your desired method, and follow the procedures on the page.

Your money might take anywhere from 48 to 73 hours to be processed, based on your bank. We were mainly satisfied with this area.

How to Create a BitcoinX Account

Now that you’re acquainted with BitcoinX’s existence, we’ll walk you through the procedures that will enable you to be a trader on the site. The BitcoinX login and signup process are straightforward.

Step 1: Registration

BitcoinX

The first step in logging into your BitcoinX account is to go to the BitcoinX bot’s site. Only a few data, such as your name, phone number, and email address, are required. Then you must establish a one-of-a-kind password that only you know. The entire BitcoinX UK signup procedure takes about 3 minutes.

 

Step 2: Try Demo Account

BitcoinX demo account features allows you to learn new trading strategies as well as try out any new one you may have

Step 3: Deposit Funds

To get started, you’ll need some money, just like any other business. Before you start trading and making huge profits, the site requires a deposit of at least $250. When you’ve finished your enrollment, you’ll be sent to the deposit page. You may pay with a Visa or MasterCard or a transfer without the worry of a BitcoinX scam because the website is SSL secured.

Step 4: Trade for Real

This is the point at which you start trading for real money. You have the option of trading personally with your account or trading automatically with your account. Make sure your account is configured to trade according to your needs when trading in auto mode.

 

BitcoinX Features – Why Choose This Bitcoin Robot?

Compatible with a wide range of devices

Many current trading platforms, including BitcoinX, enable mobile adaptability to give their consumers additional convenience. BitcoinX is currently available on desktop and mobile platforms, including tablets and smartphones. In principle, this trading software may be used on any device that has an internet connection.

Having a wide range of device compatibility is beneficial because it lets you trade from anywhere. You can simply monitor your buying and selling on your smartphone if you mainly trade from your computer but still need to go to school or work.

Intuitive Platform

Overly complicated platforms tend to drive people away. Intuitive platforms, on the other hand, are easy to use. Not every trader likes to spend many hours figuring out which features are best to apply. BitcoinX is a simple tool that provides you with all the info you want.

Each function is well labeled, so you won’t be confused by the app’s capabilities. And when you get confused while browsing the app, it provides a comprehensive tutorial so you can quickly get back on course.

BitcoinX makes it simpler for you to create your trading Plan, execute a deal, and track your process.

Optimized Data Protection

One of the essential aspects of any trading software is its security. Whatever you want to do with a trading bot, be sure your private details is safeguarded on a private server.

Many con artists attempt to offer you trading systems without security features. A third-party firm or program is likely to steal your details in certain situations, putting your virtual identity in danger.

BitcoinX’s website employs approved SSL encryption, and its software follows rigorous privacy rules to ensure that your trading journey is as secure as possible.

Pros Cons
 This is cutting-edge trading software.  For new traders, there is no option to open a demo account.
 It is appropriate for all types of traders.  It is not compatible with other online assets.
 A new account can be created for free.  You must continue to watch the markets and make adjustments to your trading strategy on a regular basis.
 There are no hidden costs.
  Multiple Payment methods
 Demo account

 

 

Which countries is BitcoinX in?

USA: Traders in the US can take advantage of the most crypto-friendly nature of the nation by benefiting from all BitcoinX has to offer

UK: The UK is another country where traders can trade with BitcoinX. To create an account, you only have to visit the homepage of BitcoinX and begin making profits.

Japan: Japan is one of many crypto-friendly nations in Asia where traders can get a free BitcoinX trading account.

Australia: BitcoinX service is accessible from anywhere in Australia. The country is full of many traders that can take advantage of crypto trading platforms like BitcoinX

India: The huge Asian nation supports the transaction of many cryptocurrencies. Traders in the country can benefit from trading with BitcoinX.

South Africa: South Africa is one of over 100 countries where traders can trade with BitcoinX. They only need to register for a free account and get started

Canada: Canadian traders can register on BitcoinX and begin enjoying high-profit thanks to its ability to analyse market data quickly

How Much Money Can I Make Using BitcoinX?

The amount of money you can generate with Bitcoin is determined by a variety of variables. One of these aspects is your skill level. Although the platform says that you could earn up to $1000 each day, this is not practical. We have no way of knowing how much money you can make.

Bitcoin X Comparison to other Robots and apps?

Bitcoin X Other Robots
Completely free to use They often have a setup fee and additional hidden charges
It uses various sophisticated strategies to get results They use basic strategies that can lead to inconsistent results
Easy for beginners to use Uses unregulated or unlicensed brokers
Uses regulated brokers The platform can easily be broken into.
Safe and secure platform Withdrawal and deposit take a long time
Fast deposits and withdrawals

 

When Should I Use a Bitcoin Robot?

Trading techniques that are difficult to master

Because we are merely human, we cannot carry out some methods without the assistance of a computer. If you wish to apply certain complicated treading tactics, you’ll need the assistance of an automated trading bot. Because the crypto trading market will only grow more complicated, you must get used to employing trading bots for more advanced trading strategies.

Repeated Tasks

You don’t need to keep painstakingly copying and pasting a strategy you wish to utilize when you have a trading bot that can do it for you. You may need to repeat the same trading technique from time to time, and a trading bot can come in handy.

Is BitcoinX Right for Me?

Yes, it is right for you. It doesn’t just make promises of profits; it also makes sure it delivers. It is also a suitable platform for both experts and beginners alike, thanks to an easy user-friendly website.

 

Worthy Tips for Beginners to Make Positive Returns Using Bitcoin Robots

Maintain a minimal investment.

Even though BitcoinX looks to be legitimate, it is critical to proceed with caution when trading on the platform. The cryptocurrency market is a very volatile business where things may quickly turn bad. As with other crypto platforms, it is impossible to be 100 percent right all of the time. There can be instances when it will forecast incorrectly, so keep your investments as little as possible. This will minimize your losses. Always take your time and make sure your transactions are founded on facts.

Use the resources accessible on the internet to assist you.

Even if your transactions are profitable, there is no such thing as too much knowledge when it comes to crypto trading.

If you have any problems, you can always contact Bitcoin Union’s customer support. You may also increase your expertise by learning from experienced traders online or taking online courses. The internet is rich with knowledge. Therefore it’s up to you to find it and learn about new trading methods.

Make consistent withdrawals.

It is critical to withdraw your profits as quickly as possible when they are earned. The cryptocurrency markets contain a lot of highs and lows, and you may lose money just as quickly as you make it.

With Caution, Use Leverage

In the crypto market, leverage basically refers to the amount of money borrowed from a broker to trade. You can make even more money with this than you could without it. You can, nevertheless, lose a lot of money quickly. When trading using this, always trade do so with utmost caution to avoid over-leverage.

Diversify

Always diversify your portfolio by trading and investing in many cryptocurrencies. This is to decrease the danger of losing a significant amount of money if a cryptocurrency begins to lose value.

Learn to Recognize and Analyze Trends

Market trends determine the sort of strategy and techniques utilized by traders. This means that mastering the ability to analyze and comprehend market patterns is critical to making money. There are several internet tools available to assist you in comprehending market trends.

Why is Bitcoin Robots Profitable?

Automated trading

The automated trading method is one of the main reasons why bitcoin robots are so common among crypto traders. These programs are designed to complete transactions in a matter of seconds. As a result, traders may become more effective and productive by completing deals that would normally take minutes or hours in a matter of seconds. These trading robots can acquire and analyse market data that would usually take hours to manually examine, allowing them to make the best decisions on when to sell and purchase.

Trades are made based on statistics

These trading robots eliminate human emotion from deals, lowering risks for traders and allowing them to generate more consistent profits while avoiding large losses. They mostly trade based on data.

High-profit margins

Another reason bitcoin robots are successful is that they have a far higher win rate than manual trading. Many trading systems claim to have a success rate of almost 80%. While we cannot verify their claim, we do feel that some bitcoin robots provide some investors with a greater possibility of profit.

Possible Risks when Trading with BitcoinX

Many traders fail because they do not devote enough work and attention to learning how the market operates. As a result, a lot of people lose so much money. Never forget that the Crypto market is very volatile, and you may either gain or lose a lot of money in a short period of time. As a result, it’s usually a good idea to have a thorough grasp of the market before you start trading.

As infallible as BitcoinX claims to be, no system is 100% perfect or accurate. Although there are many ways to make money on this platform, so are the ways to lose money too. Using the wrong trading parameters or not being familiar with the platform are ways to incur a loss. The robot is always active, and with the volatility of the market can miss a trade or not close in time, too much trade in a day can also cause loss of funds.

Does BitcoinX Have an App?

Yes, it has a phone and desktop app. This is highly convenient as you can always monitor your trades when at home or when at work from the comfort of your mobile phone.

 

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

Elon Musk

BitcoinX Elon Musk

The three-nationality millionaire is a vocal advocate of Bitcoin. Although, given his recent reversal, it’s difficult to say if he still favors cryptocurrency investment. He also hasn’t supported BitcoinX as a place to invest.

BitcoinX Mirror

The English population company is widely known throughout the world. It hasn’t encouraged any investment with BitcoinX

Trustpilot

BitcoinX Trustpilot

This Danish website allows individuals from all around the world to assess businesses, and Trustpilot has not recommended Bitcoin Union for investment.

Reddit - British Trade Platform

BitcoinX Reddit

This is a website that allows users to evaluate items, talk, and exchange media files. It is based in the United States. Reddit hasn’t endorsed users to invest in BitcoinX

Forbes

BitcoinX Forbes

This is a commercial magazine published in the United States by Integrated Whale Investment and the Forbes Family. It comes out eight times every year. There hasn’t been any mention of BitcoinX on Forbes yet.

BitcoinX Review: Our Conclusion

There are many bitcoin trading bots on the market that have high success rates and enormous returns. Many of these programs, however, are not genuine.

While the high rate claimed by BitcoinX may not be practical, it nevertheless provides customers with a legal opportunity to earn money, according to our study. It has a simple and user-friendly layout, as well as a quick and simple signup process.

BitcoinX is a platform founded for people to make money out of the volatility of the market. The platform automates all trading research and it doesn’t take long for users to activate trading using the platform. As with all investments, it is advisable to not invest more than you can afford, the same is for BitcoinX. As much as the platform prevents losses and has a high win rate, losses are still possible.

 

Top 3 Alternative Bitcoin Robots:

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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.