Exhaustive Bitcoin Era Review: Is the Software Legit or Scam?
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Cryptocurrency has become a lucrative investment opportunity that competes with well-established assets like stocks, fiat, or gold in terms of popularity. Investors are putting hopes and big sums in crypto, aiming to multiple their profit while the market is booming.
To gain capital and get rich by trading Bitcoin or other cryptocurrencies, you need a trading platform. There are many of them around the web. However, users always seek reliability and security to be sure that their money won’t be wasted or, in the worst scenario, stolen.
For this purpose, we have decided to create a Bitcoin Era review. If you are looking for a one-word answer, we can say it’s reliable. However, if you want to dig deeper and learn more, keep reading the article.
What Is Bitcoin Era?
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.
It operates with the following cryptocurrencies:
Alongside this, it also deals in fiat currencies, supporting BTC/EUR and BTC/USD trades.
In order to make a profit, a user can register on Bitcoin Era for free and start the session. As soon as it’s done, the gain is deposited to the user’s account.
The platform roots back to traditional investment. Its founder used to be a senior portfolio manager at the Wall Street hedge fund, who designed a system for financial derivatives trading. He patented it in 2016 and applied the mechanism he developed for Bitcoin trading. According to some reports, the founder was also keen on crypto and made good money on trading before launching a FinTech company.
As the site states, eventually, this blend happened to be successful: the AI-powered bot earned more than $500,000 billion during 2016-2017 when Bitcoin was on the rise. Currently, the win rate is also impressive: it reaches 90%, which means that 9 out of 10 trades are successful.
What Are the Key Principles of the Bitcoin Era Software?
We have already mentioned that Bitcoin Era is an AI-powered and algorithm-based trading system. At its core, the founders have placed some secret strategies. According to the company, the number of strategies reaches fifteen.
Based on them, the smart bot generates entry and exit points for a particular cryptocurrency. Once the step is accomplished, the robot transfers the data to a broker. As soon as they get the signal, they execute the trade according to the predetermined parameters.
The main idea of the platform is fast-paced trading. It means that the bot carries out dozens of actions per second to make profit from the minor price fluctuations. It potentially results in profit despite trades being based on insignificant price movements. It comes from the broker’s leverage of 5000:1. That’s why a wide pool of reputable, trustworthy brokers is a must-have complement to the Bitcoin Era’s algorithms.
Is Bitcoin Era Safe to Put Money In?
Well, first things first: you don’t invest directly into the platform. It’s merely an AI bot that helps you to trade your money on the crypto market. Now, let’s move to its credibility. Obviously, it’s one of the key questions when choosing a trading platform because there is a risk of running into a scam when browsing the web. That’s why we made it our top priority when assessing Bitcoin Era.
To put it briefly, the platform is reliable. A trader can be sure that they won’t be tricked, the money will be used as intended, and the profit will be calculated fairly. Here are four factors that prove the bot’s legit.
The system that now drives profit for crypto investors used to be tested on traditional investing. As the developers claim, the bot has a time-leap advantage. It means that the profit is booked in every single trade.
Besides, the accuracy of the calculations is also rather high. Due to the extensive expertise from years of operation, it exceeds 90%. Some resources even claim it to be 99.4%, which is among the highest on the market.
High-Quality Trading Platform
How do you determine whether the platform is reliable or not? Look at what certifications and awards it can boast. With Bitcoin Era, everything is transparent. It has been receiving public recognition for a couple of years. The latest achievement is an award from the US Trading Association that grants it the title of the number one trading software.
High Level of Security
With security being among the top determining factors, the website did its best to protect users, their data, and funds. It’s said that the site has a foolproof system. It’s protected by robust encryption and adheres to the worldwide accepted data protection measures, such as the EU General Data Protection Regulation (GDPR).
Another crucial consideration is brokers - an integral part of the trading mechanism. The company doesn’t reveal their names but ensures that all of them work in compliance with their jurisdictions.
Simple and Fast Payouts
We needed to verify how easy it is to get money from the system. We found out that Bitcoin Era can pass this test with flying colors. The money appears on the user’s account as soon as the session is finished. Then, these funds can be withdrawn in a second with one click only. Typically, the investor receives them within less than 24 hours.
Advantages and Disadvantages of Bitcoin EraTo help you make the right decision, we have decided to present the complete comparison of advantages and disadvantages in the table below
What Are the Main Features of Bitcoin Era?
With the wide variety of available trading platforms on the market, every founder strives to make their creation unique. Although the features are fairly the same, each system has its own peculiarities. Here is what makes Bitcoin Era different.
1. Customizable Automated Trading Platform
Turning to an automated bot that gathers the historical data and manages trading based on it is no surprise. Typically, the software calculates the entry and exit points. However, with Bitcoin Era, a user can also control this process.
It means that you don’t have to leave all the decision-making process to the bot. A user can interfere and set up the parameters, including the stop-loss, on their own. Although this isn’t a perfect scenario for beginners, experienced traders will appreciate such a feature.
2. Fair and Transparent Payouts
This system involves several stakeholders: an investor, the bot or Bitcoin Era, and a broker. Of course, everyone has to get their share. The system calculates payouts fairly. Firstly, there are no hidden fees: everything is 100% transparent. Secondly, there is no broker commission. This burden is put on the company’s shoulder, not the investor’s.
3. Verification System
Bitcoin Era strives to enhance its position in terms of security and reliability. Besides implementing proper website protection, it also keeps track of users by introducing a compulsory verification system. The measure is meant to ensure that the data provided is accurate.
The system is very simple. It doesn’t require a lot of effort: you can complete all the steps in a couple of minutes. Basically, all you have to do is to prove that you are of age and can engage in trading legally.
4. Supportive Customer Service
The customer service is outstanding. You can always reach out to the help desk that is available whenever you need them. The staff is very friendly and competent on any topic that might concern you. Replies don’t take a lot of time, and overall, you’ll be satisfied with the service you receive.
If you have any trouble with the system (for example, you can’t withdraw the funds), the support team is always here to help you out. This proves the company as a reliable service that values customers’ needs.
Is the Bitcoin Era profitable in the UK?
Of course, it’s reasonable to question the profitability of any trading platform. With this platform, the chances to win are pretty high. We have already mentioned that it boasts a high win rate and accuracy. According to the site’s statistics, every ninth trade wins.
What also attracts users to Bitcoin Era is a low entry point. You can start trading with as little as $250. Potentially, you can gain about $800-900 per trade. Some users managed to get even higher incomes on one trade.
Another factor in favor of the service is their attitude. The company doesn’t try to steal your winnings. On the contrary, it’s interested in helping you win. That’s why the developers constantly update the system and improve the accuracy of the algorithm.
Ultimately, we can’t say that you will receive a huge payout all the time. But the platform isn’t responsible for this. There are many factors, including the general market situation, volatility, the chosen crypto asset, etc. For example, a coin can be growing and drive profit for a certain amount of time. However, if it suddenly loses in value, every investor will lose regardless of the trading platform.
A Step-by-Step Guide to Trading on Bitcoin Era
The next thing you might want to know is how you can start trading on Bitcoin Era. After all, no one wants to struggle through a complicated interface trying to make their first trade. So, here is our guide on where to begin.
Step 1 - Sign Up
The first step is to create a Bitcoin Era account. For this, visit the website and fill in the quick registration form right on the main page. You can also sign up via the app if you have an Android device. To complete the process, you will need only an email and a phone number.
After that, you will receive an email with all the necessary data to activate the account and proceed to the verification stage. The verification stage is also fast and simple. It will take only a couple of minutes to verify the identity and start trading.
Step 2 - Try a Demo Account
A demo account is just like a real account. The only difference is that no real money is invested here. Its ultimate purpose is to help you get acquainted with the system. It imitates real trading and allows you to practice before making your first deposit.
Step 3 - Start Live Trading by Depositing Your Funds
Once you are done practicing, you can enter the world of real trading. The first step, obviously, is linking your payment provider. You can choose from several depositing methods that include but not limited to Visa, Mastercard, Neteller, which are some of the most commonly used options.
Keep in mind that you don’t need to transfer everything from your bank account. The minimum sum of the deposit is $250.
After that, you can move to the live account and choose the type of trading. You can select between auto and manual trading. In the first case, the bot will manage your investments. But if you choose the second option, you will be the one in control. If you need help, you can always ask the service for advice.
As you can see, Bitcoin Era is user-friendly and intuitive. It won’t take much time to get a basic grasp of the platform and start purchasing and selling crypto via a network of reliable brokers.
What Does Mass Media Say About Bitcoin Era?
Bitcoin Era is a relatively new platform that didn’t manage to establish a reputation in the mass media.
Like anything that undermines the traditional forms of making money, it has been criticized by some resources. However, there were no significant accusations except for using the CNN video about Bitcoin on the main page. Some believe it was done to mislead the users, while this is a normal practice for many trading platforms to provide the latest data about the best-performing coins.
As for the positive mentions, the service is highly appreciated by GlobeNewsWire and PRNewsWire. Both resources have published some information about how the system works.
What Do Celebrities Say About Bitcoin Era?
Bitcoin Era states on its website that celebrities use its services. In particular, it mentions tech-entrepreneur Elon Musk and iconic British chef Gordon Ramsay. Unfortunately, that’s the only touchpoint between the platform and celebrities we managed to find.
Such a situation is hardly surprising, though. Celebrities may speak about using Bitcoins, but they hardly reveal who their brokers or trading platforms are. There are many reasons for this, including personal privacy. After all, they don’t have to give their secrets away, especially when it comes to such a sensitive issue as finance.
What Do Customers Say about Bitcoin Era?
We have decided to visit TrustPilot and see what real customers think about the service. Here is what we found:
As you can see, there are many positive reviews. However, there were some not so admiring ones. Here is an example:
“Probably a scam, possibly a pushy trading app” – A user didn’t even try trading on the platform (he admits this in the first sentence). He just saw an advertisement and visited the website.
Some Tips for Newbies
Your trading debut is certainly a stressful event if you aren’t familiar with the system, with the market, and probably even with coins. To help you adjust successfully, we have prepared a list of tips for crypto beginners:
Practice comes first. Before going live and trading for real money, practice for a couple of days with a demo account. You will not only familiarize yourself with the platform but also understand the basics of trading.
Expand your knowledge. Even if you decide to auto-trade (i.e., delegate the process to the bot), you still need to understand the basics. Otherwise, how are you going to assess how the software works?
Diversify your portfolio gradually. Don’t rush to buy all the coins at once. You can start with Bitcoin and add altcoins as your portfolio increases later. Not all of them are as profitable as Bitcoin.
Start from the minimum deposit. You may be tempted to invest more and, therefore, gain more. However, the risk of such a move increases significantly if an investor is inexperienced. Gain knowledge, then increase the budget.
Don’t deposit more than you can afford. If you aren’t afraid to lose $5,000, you can always try depositing the whole sum at once. However, most people would want to start with what you can really lose without significant consequences for their financial state.
Bitcoin Era vs. Regular Trading Systems
What about opting for a regular trading system instead of delegating the process to Bitcoin Era? Here is the data for you to consider to choose wisely.
Regular Trading System
Registration takes about a minute as a user needs to only provide their name, phone number, and email
The process varies from platform to platform. Some require a dozen rows to fill in and an equal number of documents.
Verification is simple and fast: a user just needs to prove their identity.
Sometimes, platforms oblige users to go through a complex verification process that can take up to several hours.
Types of trading
On the platform, you can choose whether to trade on your own or use a bot.
Typically, this includes manual trading exclusively, which requires constant attention, high concentration, and sufficient knowledge.
The main obstacle is choosing which type of trading you prefer. From this point on, a user is constantly assisted by the platform’s representative.
Typically, many investors (especially beginners) lose money due to a lack of experience and proper guidance.
The chances to win a trade (if you choose auto-trade) are 9/10.
The success highly depends on the user’s personal knowledge and actions.
An interface is user-friendly and easy to understand.
Depends on the platform. Some can be too complicated and unsuitable for novice traders.
After compiling such a comprehensive Bitcoin Era review, we can say that the platform offers a decent trading experience. First of all, it is backed up by the time-tested technology that used to drive profit for traditional trading. Later on, it performed amazingly on the crypto market and keeps doing so up to this day.
Although the platform is rather new, it has a lot to offer. For example, a user can choose between custom settings for manual trading and auto-trading, managed by the AI-powered bot. Besides, you can always switch between a demo and live account.
Last but not least is outstanding security and transparent payouts. Users don’t need to wait long to have their account credited. The withdrawal is also rather fast: typically, it takes less than 24 hours.
With all these in mind, there is no doubt why customers are predominantly positive about the service. We also support their opinion and believe that Bitcoin Era is legit and worth giving a shot.
What Is Bitcoin Era?
Bitcoin Era is a trading platform that offers users AI-powered algorithms to drive profit from trading cryptocurrencies. The software was patented in 2016 by the founder, who had extensive experience in trading. A user can switch between automated and manual trading depending on their personal preferences. Those who are new to the world of crypto coins can start from a demo account that is also available after the registration.
How Safe Is Bitcoin Era?
The trading platform is considered to be a safe service for several reasons. First of all, the website is protected by encryption that minimizes the risk of data security threats. Secondly, the company deals only with reliable brokers that carry out legal activities in their jurisdiction.
Is Bitcoin Era Legitimate?
Yes, Bitcoin Era is legitimate. The software that is backed up by fifteen strategies patented in 2016. To prove their credibility, the platform introduced a verification process for every user. Moreover, it adheres to all the data security regulations and stands for transparency.
How Do You Access Bitcoin Era?
Bitcoin Era can be accessed via any desktop browser or on mobile. Mobile users can also download an application. Currently, it’s available for Android devices only.
How Does Bitcoin Era Work?
The system relies on a pool of brokers. As soon as the parameters of the trade are set, they are sent to the trader. The specialist executes the deal when they receive the data. The parameters can be set automatically or manually. For an auto-method, it’s a robot that decides the entry and exit points, relying on technical analysis.
Can You Make Money with Bitcoin Era?
Yes, you can earn money when trading with Bitcoin Era. The chance of winning is 9/10, meaning every ninth trade wins. The founders claim that the platform generated $500,000 profit for users in 2016-2017.
Who Owns Bitcoin Era?
Little is said about the platform’s owner. According to the website, the founder used to work on Wall Street, but after the collapse, he decided to develop a trading software. The experiment was successful. Later, he patented the software and applied it to cryptocurrency trading.