BitVestment Review 2023: Is it Legit, or a Scam?
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Our score9.5
The cryptocurrency market’s volatility is far higher than that of most other asset classes. This makes it difficult for crypto traders to consistently and effectively trade cryptocurrencies. As a result, to make their tasks simpler and more effective, most traders prefer to employ automated crypto trading platforms.
BitVestment is a crypto trading robot that automatically allows users to trade cryptocurrency assets on the crypto market. The trading bot was developed in 2017, according to the BitVestment website. Is it legit? Can investors make money with it? In this BitVestment Review 2023, we will learn more about the platform.
Table of Contents
BitVestment at a Glance
| Type | Bitcoin Robot |
| Minimum Deposit | $250 |
| Win Rate | 88% |
| Withdrawal Duration | 24 Hours |
| Mobile App | No |
| Supported Cryptocurrencies | BTC, ETH, XRP,BCH, LTE,XMR etc. |
BitVestment Review: What is BitVestment?
BitVestment is a crypto trading robot that automates the process of trading Bitcoin and other cryptos. This crypto trading robot enters and exits positions depending on the data and information it gathers from a deep market scan and numerous sites. It then employs a smart algorithm to identify the greatest investing possibilities. The platform claims to have a victory rate of 88%.
BitVestment is one of the most well-known cryptocurrency trading platforms available. According to reports, a group of financial engineers and cryptocurrency experts convened and created the trading platform. However, we could not find much information or evidence to support this.
It is clear from the online BitVestment reviews that this platform is a favourite among Cryptocurrency traders because it has been widely used since it was created. This is due to several factors, and the first and most important one is that it is a straightforward and user-friendly platform. In addition, many people choose BitVestment for their trading needs due to the platform’s high degree of profitability and the caliber of the deals it executes.
BitVestment : Legit or a Scam?
One of the latest happenings in the crypto space is the BitVestment trend, and the platform has been a key industry leader in the advancement of Bitcoin trading platforms. It makes use of cutting-edge trading technology. It works by combining machine learning and artificial intelligence to develop a self-learning algorithm. Additionally, the platform has a relatively high success rate compared to its competitors. Also, testimonies and reviews appear to support the legitimacy of the BitVestment . The reviews also show that users have benefited from the platform’s offerings.
A customer should never entirely rely on a trading robot, especially in cryptocurrency trading, because it doesn’t eliminate the market volatility. Before buying or trading different cryptocurrencies, please do your research on their fundamental and technical analyses.
BitVestment Features
Demo Account
All trading platforms have varying degrees of success and their own unique set of criteria and analysis techniques. Therefore, it’s imperative that you fully understand how a cryptocurrency trading platform operates before you begin using it and investing real money into it. The BitVestment trading platform provides a test mode that allows you to try out the platform and strategies before investing. They give you an account and virtual money using this demo account functionality. The algorithm continues to operate as it would in a typical market environment, allowing you to gauge how well the crypto trading platform is doing.
User-Friendly Platform
Using the BitVestment robot is possible even if you are entirely inexperienced in cryptocurrency or trading. The website is free of overly complicated terminologies, and all terms and settings are well described. You may start trading using BitVestment in just a few minutes because the platform is straightforward to set up and pair with your trading broker. Most cryptocurrency traders choose this platform as their preferred trading platform because of its user-friendly interface, ease of use, and compatibility with all skill levels. There are many features you may utilise and adjustments you can make, but they are all quite simple.
Reported Success Rate
The success rate of the BitVestment is reportedly very high. Customer reviews and other information suggest that the platform has an average success rate of 88%. The website claims that when using BitVestment and a broker with minimal spreads, traders may make up to $1000 per day on average.
Payouts
Fill out the withdrawal form, which is located on the left-hand side of the control panel on the trading dashboard’s screen, to request a payout from your BitVestment wallet. This platform has no withdrawal limits, and you can choose to receive payouts every day.
Verification System
Following account creation, the trader is matched with a partner broker authorised to do business in their nation. The traders would be asked to supply the partner broker with extra information and an identity card. Furthermore, you would need to do an ID verification. This is in accordance with the Know Your Customer (KYC) standard, which has become a requirement in many nations worldwide. It needs traders to provide a government-issued photo ID and the most recent utility bill displaying their current residence. The ID verification process is simple and only takes a short time.
Customer Support
This platform has a 24/7 customer support system; traders can reach them via email or live chat. However, the live chat will only be available after you have been verified as a site member.
How to Create a BitVestment Account
Step 1: Registration
Creating an account on the BitVestment platform is the first thing you need to do. You can do this by going to their website and clicking the register button. This will redirect you to a page with a form that you must fill out. You’ll need to give your full name and contact information. You will then be prompted to enter your BitVestment login information, including your username and password. After completing your registration, you must select a broker from a list of compatible and registered brokers. Additionally, you are provided with a Personal Account Manager free of charge who can help you set up your account and get started.
Step 2: Make a deposit
Making an initial deposit is the next step after completing your BitVestment signup. Essentially, it’s a free robot with a license that makes money by taking a modest commission on the gains you make using its trading feature. Also, you can make a deposit using credit and debit cards, and when compared to other robots, its payout mechanism is the most effective and precise. Wire transfers, crypto wallets, Skrill, Neteller, and Webmoney, are all accepted methods for making deposits. Major cryptocurrency wallets like those for Bitcoin and Ethereum can also be used to make deposits.
Step 3: Demo Trading
A demo account is a helpful tool for several reasons, as was previously mentioned. One, it makes using the BitVestment trading platform easier when you invest real money into it because it helps you become comfortable with the site and its navigation. Two, it enables you to comprehend and modify the platform settings to observe how they will impact your profitability and the system’s behaviour. Three, you also get to see how the tool performs in real-world market situations, allowing you to compare it to other platforms of a similar kind and select the one that best suits your demands. Therefore, it is a good decision for you to use their demo account for a few weeks and experience the benefits before you start trading with BitVestment and investing money into the platform.
Step 4: Live Trading
The live trading feature of the BitVestment platform can be accessed by clicking the trading button on the main screen. Traders must decide the amount of risk they are willing to take on each trade before using a real-money account. It is advised that traders do not risk more than 10% of their accounts in a single transaction when trading.
BitVestment Features – Why Choose this Bitcoin Robot?
Multiple Cryptocurrencies: Trading multiple cryptocurrencies is permitted on the BitVestment wallet, including Bitcoin, Litecoin, Ethereum, and Ripple. Additionally, the traders can choose fiat currencies like the dollar or the euro.
Demo Account: The software comes with a demo account, so you may learn how cryptocurrency trading works without risking your own money. After signing up on the platform, you can use the demo mode to become familiar with the interface and the process. You can also use it to try and evaluate various trading strategies.
Fast Withdrawal: Most cryptocurrency exchanges and trading platforms need their brokers and traders to wait nearly seven days before earnings appear in their wallets. Fortunately, the BitVestment app does not operate in that way. Users online have confirmed that it takes this platform about 24 hours to complete payments after submitting their withdrawal request.
Regulated Brokers: Most brokers listed and available on the BitVestment platform are regulated and licensed.
| Pros | Cons |
| Automated Trading | No information about the founders |
| Fast withdrawals | No mobile app |
| Regulated Brokers | |
| Reportedly High Accuracy | |
| Free software. | |
| Easy to withdraw money |
Which Countries is BitVestment in?
United States: BitVestment also serves investors in the US, providing them with an easy-to-navigate user interface and a simple platform.
Canada: Canadians are also entitled to the services of the BitVestment. BitVestment Canada has a simple signup process and an easy-to-use platform.
United Kingdom: Traders in the United Kingdom can use BitVestment’s UK services. Payment options for BitVestment UK traders are available through BitVestment’s affiliated brokers.
Australia: Australian traders can now use a reputable trading bot like BitVestment. All they need is to sign up, go through the verification process, and start trading with the advanced technology offered by this bot.
How Much Money Can I Make Using BitVestment?
According to their website, BitVestment founders claim that the trading bot can generate more than $1000 daily. Given how volatile the cryptocurrency market is, this can’t possibly be true. Before concluding on how much a user can earn each day, some factors must be considered. These include the amount of capital invested, market state, user experience, cryptocurrency, and risk parameters.
When Should I Use a Bitcoin Robot?
Managing your emotions: When trading, people sometimes become overly emotional. In hopes of making more profit, many traders stay too long in the market when they should be leaving. As a result, traders should use a cryptocurrency trading bot to eliminate this. Once your trading strategies have been configured, the automated robot will carry them out with
Simplifying Complicated methods: Some trading methods are difficult to implement because they take too long to develop or are too difficult to understand. These are profitable trade methods that can be easily implemented with the assistance of modern technology like Bitcoin Robots. Bots can perform these transactions to generate revenue.
Worthy Tips for Beginners to Make Positive Returns Using Bitcoin Robots
Study more about Crypto Trading
It is not true that you do not need to know about cryptocurrencies if you are using a trading bot. You must have had a basic knowledge of the crypto market. Once you are sure you have understood it, then you can start trading with a robot. That way, you won’t find it hard to start. Fortunately, most Bitcoin robots give their users most of the information and tools they require to begin.
Invest just what you can afford to give up
It is typical for new traders to make huge initial deposits to collect bigger returns later on. Increasing your investment may result in making higher profits. However, increasing your investment can increase your chances of losing all your money. Newbies should aim to be as safe as possible while learning the market’s fundamentals. They should begin with less investment and gradually increase their investment as they gain more experience.
Don’t Rush
Though the crypto market is becoming more competitive by the day, this does not mean you should begin trading as soon as possible. Many traders tend to make rash financial decisions. And according to research, this is where they make the majority of their financial mistakes. Before you begin trading, think about your options, goals, and risks.
Learn all you can about the assets you want to trade.
Understanding your favourite assets allows you to create superior trading strategies based on the asset’s changing performance over time. And on the contrary, a lack of information on the asset you are trading could expose you to greater trade risks. This means an increase there is an increase in the possibility that you’ll lose.
Always Withdraw Your Profits
After every profitable trade, make sure you withdraw the profits. And can always enter the trade again with your capital. If you do not withdraw your profits, you will trade with them. And you might lose it in another trade if you are unlucky. This technique will also help you distinguish between your invested capital and your profit.
Trade Consistently
The online trading platform is always available, and so is the crypto market. This means nothing is stopping you from trading daily. The more you trade, the better you become at it. Using a robot does not eliminate the role of humans.
Why are Bitcoin Robots Profitable?
Efficiency: Bitcoin Bots outperform manual cryptocurrency trading in terms of efficiency. Regarding timing, these bots are software that executes cryptocurrency trades faster than humans can.
Consistency: A primary distinction between robots and humans is the ability of robots to operate unceasingly and execute transactions based on specific indicators. In this regard, robots outperform humans by a wide margin. Keeping your trading discipline can be naturally difficult. But using a trading bot reduces the chances of entering into emotional trading.
Fast trading: speed is crucial in the crypto trading process, as in most other financial transactions. Bitcoin trading bots can maximize your profits at light speed.
Possible Trading Risks with BitVestment App
There is no fully risk-free trading platform. When trading, you can always lose money. However, the risk of loss can only be mitigated if a trading platform has the stop-loss feature. Although BitVestment has developed a system with an extremely low risk of losing money, you can still lose money. When trading, we recommend that you take advantage of smart investment as fast as possible. Please don’t put your savings into it. Place your additional fund instead and avoid being greedy.
Does BitVestment have an app?
The BitVestment app is a web-based application accessible from computers and other mobile devices, including smartphones and tablets.
Has BitVestment Been Featured in the Media or Endorsed by a Celebrity?
BitVestment Reddit
According to a viral rumour and BitVestment trend on Reddit, some British TV shows featured BitVestment investment. These rumours are false. We could not find any TV show that featured this Bitcoin robot.
BitVestment Trustpilot
There are numerous BitVestment Robot reviews on Trustpilot. The BitVestment App has received a lot of positive feedback on Trustpilot. However, there are also a lot of BitVestment App scam promotions on Trustpilot. You should be careful and not be easily deceived by improbable promises and information you see online.
BitVestment Elon Musk
Elon Musk is a billionaire and entrepreneur, the founder and CEO of Tesla and SpaceX. There are rumours that he has made a BitVestment investment. However, there is no proof to back up these claims, implying that the rumours are false.
BitVestment This Morning
The British investment TV Show, This Morning is said to have featured some celebrities that endorsed the BitVestment wallet in some of its episodes. While these celebrities may have featured in some of its episodes, nothing related to the BitVestment platform was in those episodes.
BitVestment Martin Lewis
Some blogs have peddled what we consider fake news about the Money Saving Expert, Martin Lewis, using the BitVestment wallet. These fake news only try to lure innocent people into making a fake BitVestment sign up on a fake website. Martin Lewis has put a disclaimer on such platforms that he has nothing to do with them.
BitVestment Review: Our Conclusion
The BitVestment Real website offers several helpful features to new and experienced traders, including automatic trading of cryptocurrency assets. According to reports, the robot has a high success rate. However, beginners shouldn’t rely entirely on the robot to trade cryptocurrencies. Only use the robot as one of the helpful trading tools at your disposal while you conduct your independent research whenever possible. Backtesting and manual trades are features of the BitVestment that expert traders can also take advantage of.
Top 3 Alternative Bitcoin Robots:
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ALSO READ:
– Bitcoin Rush – Is it a Scam?
FAQs
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