Bitcoin Compass Platform Review: Legit or a Fake App?

Jack Evans

  • Verified Author
  • Last Updated: 30 Oct. 2022
Bitcoin Compass logo

9.5/10

Bitcoin Compass

  • Software is not a Scam
  • Profit ratio of 88%.
  • Easy and fast withdrawals

Payment methods

Cryptocurrency:

Bitcoin, Ethereum, Binance Coin, Cardano, XRP, Dogecoin and others.

Available accounts:

Only 50 new accounts a day

Types of support:

E-Mail

Minimum Deposit:

250$

Free demo account: 

Open a FREE demo

Getting financially hurt by a fake trading site is a nightmare for any trader: the money will be gone in a second, and you will never get them back. With this in mind, users always want to check whether a service is legit before investing there.

In this Bitcoin Compass review, we will assess the main features of Bitcoin Compass and conclude whether the trading site is a scam or not.

Navigating the Risks: A Crypto Trading Disclaimer

Trading in cryptocurrencies involves significant risks and may not be suitable for all investors. The cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. Investors should carefully consider their financial situation, risk tolerance, and investment goals before trading. It's essential to conduct thorough research and seek professional advice before making any investment decisions.
Read our advice to avoid losing money in financial markets. Protect your investments today.

Bitcoin Compass logo

What Is Bitcoin Compass?

Bitcoin Compass is an auto trading site where an AI-powered robot can perform trading operations on the user’s behalf. Moreover, the bot can even be 100% responsible for trading decisions. In other words, the software decides what trade to carry out to gain profit.

Although the platform is called Bitcoin Compass, its users aren’t obliged to trade Bitcoin only. The service supports altcoins that include but are not limited to Ripple, Ethereum, and Litecoin.
Bitcoin Compass main page

You can sell or buy any cryptocurrency as soon as you make a deposit. Here, by the way, Bitcoin Compass also stands out. It supports such payment methods as:

  • Bank cards: Visa, MasterCard
  • Bank transfers
  • Popular payment systems: PayPal, WebMoney
  • Digital wallets: Skrill

You can even pay with Bitcoin, which is unique, no matter how ironically this sounds. To start trading, the minimum acceptable sum is $250.

Now, let’s discuss who and where can use Bitcoin Compass. The trading site is available almost in every country around the globe. However, there is bad news for US citizens: currently, it’s not approved to accept traders from the USA. Yet, the site states it’s going to change soon.

When US traders can use the auto trading bot, they can access the site from any device. The service doesn’t have an application for laptops or mobile and is accessible via a browser. The web-based application is optimized for all types of devices to ensure traders enjoy a high-quality user experience.

How Does It Work?

Now that you know what Bitcoin Compass is, let’s elaborate on the technology behind it. We have already mentioned that the service is driven by the AI-powered bot, but what does it mean?

An AI-powered bot is a software that fulfills certain orders. In our case, it decides what trades to carry out on behalf of a user. The decision-making is based on the collected data about the market.

Basically, the system analyses the crypto market – its historical and current trades – identifies lucrative positions and enters them. By a lucrative trade, we mean either buying a particular cryptocurrency cheap to sell it at a higher price later or vice versa – selling a blockchain-based currency high and repurchasing it later low.

The auto trading bot can perform the deals and gain a profit from minor market fluctuations for eight hours without any guidance. It means that you can passively observe how an AI-based algorithm looks for advantageous transactions and increases trader’s earnings. However, amateurs or professionals who want some control over the process can interfere and even manually specify some parameters of the trade.

It’s vital to note that it’s not the bot that carries out the deal. The robot just identifies which one to implement and then sends a signal to a broker: it’s the broker’s responsibility to perform trade operations. 

Once the trade is completed, the broker sends the data back to the bot via an open API. The robot calculates the payout by subtracting the Bitcoin Compass commission and credits the user’s in-app account.

Is Bitcoin Compass Legit in the UK?

There are several signs that a trading site is a scam. First of all, it’s not officially registered. Secondly, it doesn’t reveal any data about inner processes. And, thirdly, it guarantees investors unlimited payouts, bunches of gold in five minutes, and a new Lamborghini tomorrow.

Bitcoin Compass doesn’t fall in any of the mentioned above categories. The service bears official registration. It adheres to industry policies like Know Your Customer and (KYC) Anti-Money Laundering (AML) guidelines.

Besides, the site doesn’t promote itself as a service of getting millions in a second. If you visit a homepage, you find a lot of useful information about the site itself, its processes, and registration.

Alongside this, we are sure that Bitcoin Compass is legitimate because it allows users to protect themselves from market volatility. A trader can implement stop-loss or deposit limits whenever he/she wants.

What Are the Site’s Advantages and Disadvantages?

Let’s see what the pros and cons of Bitcoin Compass are as follows.

Advantages

Disadvantages

  • Free and fast registration
  • Quick verification process
  • A lot of depositing methods
  • User-friendly
  • Fast withdrawals (on average, within 12 hours)
  • 24/7 customer support
  • SSL Encryption
  • Partners with ECN brokers
  • Not accredited for the USA users (the approval is in progress)
  • No application

Crypto-Scam Warnings

Beware of crypto-scams! Trading cryptocurrencies carries risk and may lead to loss. Research our selection of trusted services to protect your investments. Stay informed, stay secure.

Bitcoin Compass Main Features

Here are four main features of Bitcoin Compass that make it stand out from other similar trading sites.

Various Limits

The service offers users to apply many limits easily. Some of them have a protective nature. For example, a stop-loss limit. Others, however, are purely for the sake of convenience. For instance, users can apply a payout threshold – or a limit that specifies the sum of money on the account that can be withdrawn. You can’t receive a payout until the sum is reached.

Beginner-Friendliness

Being new on the crypto market is hard. However, with this auto trading bot, you don’t have to worry. First of all, you can rely on the technologies completely. Secondly, you can always learn more on the site: read a trading guide and practice in a demo account to become a pro.

Advanced Security

If you are afraid that your personal data can be stolen, you can relax. The site is protected with SSL encryption that encrypts the data, and therefore, reduces the risk of cybercrime.

Fast Payouts

Normally, fast payouts imply a user receives the money within 24 hours. However, Bitcoin Compass went even further: the site states that the funds can be transferred as fast as within 12 hours only.

How Much Money Can I Earn with Bitcoin Compass?

The profitability of the trading service is determined by a win rate. The win rate indicates how many trades are successful. According to some data about Bitcoin Compass, the rate is around 90%. However, the site shares a figure of around 70%.

It means that 7-8 trades out of ten are going to be profitable, which is a rather encouraging fact. The ROI, however, reaches 60%, according to the trading site. Although the figures aren’t close to 100%, they seem to be real, unlike others that promise a 100% win rate. Obviously, it is impossible to automatically detect profitable trades without fail.

How to Trade with Bitcoin Compass

Here is a step-by-step guide to trading on the platform.

Step 1 – Registration

To register on the trading site, you need to fill in the form on the homepage:

Bitcoin Compass registration form
  • Provide your name, email, and phone number
  • Click “Register now”
  • Wait for an email confirmation.
  • Verify your identity and activate your account.

Step 2 – Practice

Before starting live trading, every user should practice in a demo account. It will help get a basic grasp of the platform and understand how a trading session is essential for beginners. Amateurs can start with a demo account, to test the platform and their trading skills.

Bitcoin Compass demo trading

Step 3 – Deposit

When you are ready for real trading, you need to make a deposit first:
  • Select the payment method (Visa, MasterCard, WebMoney, Skrill, bank transfer, PayPal)
  • Specify the sum (A minimum of $250)
  • Transfer the funds instantly.
Bitcoin Compass deposit page

Step 4 – Live Trading

Now, you are ready to start gaining income. Just decide whether you want to pre-set some orders or rely on the bot 100% and start buying and selling digital currencies.  You can leave the bot operating independently for up to eight hours.

Bitcoin Compass trading

Step 5 – Withdrawal

When the trade is over, and the gain is credited to your in-app account, you can withdraw the money fast and easy. For this, submit a request and wait for the transfer.

Was Bitcoin Compass Featured on TV and in Big Mass Media?

There are many rumors that Bitcoin Compass was mentioned on Shark Tank, This Morning, and Dragon’s Den. However, the facts aren’t true. Nonetheless, the site did gain initial public attention on The Week: it was mentioned in the article about Bitcoin.

What Do Celebrities Say About Bitcoin Compass?

The platforms’ founders acknowledge the fact that there are numerous fake rumors that tight Bitcoin Compass and celebrities. The platform, however, refutes this publicly. It’s a positive sign as many similar sites do the opposite and spread the rumors themselves to gain more attention.

What Do Customers Say about the Trading Bot?

To assess the Bitcoin Compass reputation among customers, we have decided to turn to a reputable resource, TrustPilot. We have found out that the service has good testimonials there, and its rating is around 4 stars.

Here are some examples of what real customers think about the auto trading bot:

“No worries, No hassle = Bitcoin Compass”


– a Finnish user admitted the platform to be legit and hassle-free.

“Legit and worth it!”


 – a German user highlighted a competent representative who had helped him to understand how the site works.

How to Use Bitcoin Compass Like a Pro?

If you are a newbie and don’t know anything about the crypto market and trading, you can be confused: how to make money from market fluctuations? The confusion may result in a lot of mistakes that you will pay for from your wallet. To prevent this, we have prepared a list of useful tips:
  • Study the basics: Although you can rely on the bot’s independence and don’t need to control it for up to eight hours, you need to know the basics about trading and cryptocurrencies. Otherwise, how are you going to evolve?
  • Never start from hefty investments: The temptation to receive all the money of the world at once is seducing. But you should strain yourself and increase the sum of the deal with time. You can work out a plan and raise the stakes consistently - for example, with every profitable trade.
  • Don’t exceed your limits: If you allocated $300 for trading per month, don’t start chasing losses and invest more. You can end up broke in the end. It’s always better to impress your friends and family with huge earnings rather than losses.

How Does the Auto Trading Bot Differ from Regular Trading Systems?

Criteria

Bitcoin Compass

Regular Trading System

Registration

Free and fast. Takes up to five minutes. Verification is a must to activate an account.

Varies. Typically, it implies providing a lot of documents to prove its credibility. May take up to several hours.

Depositing

Instant. Several depositing methods. Minimum $250.

Usually, the minimum deposit is higher than $250. May start from $2000.

Beginner-friendliness

100% - advisory services, an authentic training guide, demo account.

Usually, these suit traders with at least some level of expertise.

In Conclusion

Taking everything mentioned above into account, we can confidently conclude that Bitcoin Compass isn’t a scam. The platform is secured and reliable. It offers support for beginners and provides some degree of control over trading for amateur traders.

As our Bitcoin Compass review shows, users can rely on an auto trading bot. It’s backed up by artificial intelligence that ensures the high accuracy of the predictions. Later, the trades are carried out by reputable brokers. Although the site doesn’t reveal their names, all of them are ECN.

We can’t fully support this particular service. But there are several trading platforms that have our support 100%. Feel free to check them out on the list.

Best Trading Platforms in 2023 – Quick Pick

BitcoinEra Logo

Min Deposit

$250

Exclusive promotion

Ranking

9.5

Bitcoin Era is an AI-powered trading system that provides automated cryptocurrency investment services for the sake of gaining profit. The platform is backed up by algorithmic analysis that ensures a high level of accuracy. However, you can also apply customized parameters and abandon auto-trading.

Bitcoin Revolution logo

Min Deposit

$250

Exclusive promotion

Ranking

9.0

Many people are looking for ways to make some money with Bitcoin. If you are new to Bitcoin and want to know how to make money with it, this Bitcoin Revolution review will show you how to make money with a trading bot.

Logo of Bitcoin Superstar

Min Deposit

$250

Exclusive promotion

Ranking

8.5

Bitcoin Superstar is an automated trading technology based on algorithms to determine which options will guarantee positive results in a risk-aversive approach and develop effective strategies.

Glossary

  • Stop-loss is an order that specifies the price at which to buy or sell a certain digital currency.
  • ECN broker is a non-dealing desk broker that matches the participants and passes the order to liquidity providers, not market makers.
  • Altcoin is any other cryptocurrency except for Bitcoin.

Bitcoin Compass Summary

 

 

???? Type

AI Trading Robot

 ✅ Is It a Scam or Legit?

Legit

???? Profit ratio

88%

???? Minimum deposit

EUR 250

???? Software cost

Free

???? Fees

No

???? Demo account

Yes

???? Assets

BTC, ETH, LTC, DASH, BNB and others

???? Fiat Currencies

USD, EUR, GBP

???? Withdrawal Process Time

24 Hours

????️ User data protection

Yes (AES 256-bit)

???? Customer Support:

Email, Live chart

✅ Verification required:

KYC

Bitcoin Compass Comparaison

Trading Bot

Fees

Counties

Currencies

Payment

Trust Pilot

Review

Bitcoin Compass

0

Worldwide

Bitcoin, Ethereum, Litecoin, Ripple, Dash, Monero

Credit/Debit Card, Bank Transfer, e-Wallets.


Immediate Edge

0

Worldwide

Bitcoin, Ethereum, Litecoin, Ripple, Dash, Monero

Credit/Debit Card, Bank Transfer, e-Wallets

Bitcoin Code

0

Worldwide

Bitcoin, Ethereum, Litecoin, Ripple, Dash, Monero

Credit/Debit Card, Bank Transfer, e-Wallets

Profit Maximizer

0

Worldwide

Bitcoin, Ethereum, Litecoin, Ripple, Dash, Monero

Credit/Debit Card, Bank Transfer, e-Wallets

Bitcoin Up

0

Worldwide

Bitcoin, Ethereum, Litecoin, Ripple, Dash, Monero

Credit/Debit Card, Bank Transfer, e-Wallets

FAQ

To lock in all the information that you’ve just learned, take a look at these questions.

What Is Bitcoin Compass?

It’s an auto trading website where an AI-powered robot carries out trades on the user’s behalf. The service analyses the crypto market and determines the best entry and exit points for a trade.

How Safe Is Bitcoin Compass?

The site is 100% safe. First of all, it boasts SSL encryption to protect user data. Secondly, it allows a user to set stop-loss and deposit limits to protect the investment from market fluctuations.

Is Bitcoin Compass Legitimate?

Yes, the service is legitimate. It’s an officially registered trading site that partners with ECN brokers. The platform provides realistic data about the bot’s performance and protects user data.

How Do You Get a Bitcoin Compass?

Visit the official website and fill in the registration form. Later, you will receive an email confirmation to activate your account. Please note: the service doesn’t have an app and is available via a browser.

How Does Bitcoin Compass Work?

The auto trading bot decided which cryptocurrency to buy or sell to make a profit from a trade. The decision-making is based on the technical analysis – or analysis of the crypto market trends.

Can You Make Money with Bitcoin Compass?

Yes, you can earn a profit with the auto trading bot. The service claims that a win-rate is around 70%, while an ROI is 60%. It means that if you make five trades, three are supposed to be profitable.

Who Owns Bitcoin Compass?

Little information is known about the founders of the service. According to Crunchbase, the company is privately-held.

How we write reviews of Cryptocurrency Trading Platforms

When writing a review about a cryptocurrency trading platform, we consider key factors:

  1. User interface: navigation and understanding
  2. Available coins: supported coins
  3. Fees: Are the trading fees competitive with other platforms?
  4. Security:  Security of use and measures to protect your funds
  5. Customer support: Is the customer support responsive and helpful?
  6. Reputation: the platform's reputation in the community
  7. User Experience: robot to use, any bugs or lags or any other issues we've encountered.

We provide a detailed review of our experience with the platform, including all the pros and cons that we have experienced. 

Disclaimer:

Cryptocurrency trading entails a high risk and is not suited for all investors. You should carefully evaluate your investment objectives, degree of experience, and risk appetite before deciding to trade cryptocurrencies. You should not invest money that you cannot afford to lose because there is a chance that you will lose some or all of your initial investment.

You should be aware of all the dangers connected with cryptocurrency trading and seek counsel from a financial expert who is not affiliated with any cryptocurrency exchange. This website's Bitcoin Era review, opinions, news, research, analysis, pricing, and other information are offered as general market commentary and do not represent investment advice.

Jack Evans


I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments.

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