Bitcoin Prime Review in the UK 2022: Scam or Legit?
Bitcoin Prime Review
Bitcoin, Ethereum, Binance Coin, Cardano, XRP, Dogecoin and others.
Only 50 new accounts a day
Types of support:
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More and more crypto-robots are appearing nowadays, promising huge profits thanks to their trading strategy. One of them is Bitcoin Prime.
If you're not sure if Bitcoin Prime is really a reputable and recommended provider, you should take note of the test and experience reports that can be found online. We've taken that for now and present here a summary of the most important Bitcoin Prime test results.
Bitcoin Prime Summary
AI Trading Robot
BTC, ETH, LTC, DASH, BNB and others
User data protection
Yes (AES 256-bit)
What is Bitcoin Prime?
With the Bitcoin Prime app, you can trade CFDs. Trading CFDs is extremely risky, so you must be aware from the beginning that not only high profits are possible, but also eventually losses.
Even if Bitcoin Prime advertises that you can make high profits with low performance, you must know that in the end it is just targeted advertising designed to attract new users.
Bitcoin Prime Pros & Cons
How Does Bitcoin Prime Work?
Since its introduction, there have been many users wondering how Bitcoin Prime works and if it is possible to make money from it. Behind Bitcoin Prime is software that can learn from information provided by an investor to help them trade cryptocurrencies. In that sense, it would be possible to make money with Bitcoin Prime - and without much basic knowledge or user involvement.
Our experience with Bitcoin Prime in 2022 shows that the trading software now works noticeably better than in the past. It doesn't take much knowledge to invest in cryptocurrencies on your own with the platform and succeed with it. Wins definitely seem possible, but also not guaranteed..
How To Start Trading With Bitcoin Prime
If you are aware of the risk but are convinced that Bitcoin Prime would be a good choice if you want to speculate in CFDs, you need to register at the very beginning.
Step 1 - Register Bitcoin Prime Account
On the home page, you can relatively quickly find the registration form, which is placed in such a way that you cannot skip it even if you don't want to. At the beginning, you have to provide some personal information. This includes, among other things, first and last name, phone number and e-mail address. It's noticeable that you don't have to enter much data to log in to Bitcoin Prime for the first time. Apparently, a complicated verification procedure is bypassed. Probably also because you can see all the detailed information about the trading platform only after registration.
So, although there aren't many fields to fill out, you only need to enter your name and contact information, you don't have to enter fake information. A confirmation email will be sent to your email address with a link to click on. Only then, after you click the link, the registration process will be completed and the account will become active. You should allow about five minutes for registration.
Step 2 - Deposit Funds for Trading
Now about the first deposit. As already mentioned, Bitcoin Prime prescribes an industry standard amount of 250 euros . This is also used by other crypto-robots such as Crypto Bank , Quantum Trading or Bitcoin Trader . It is important that you only invest 250 euros in the beginning.
Only when you come to the conclusion that you can work perfectly with Bitcoin Prime and make attractive profits at regular intervals, you can consider whether you should invest an amount higher than 250 euros. Bitcoin Prime accepts the following deposit methods: credit and debit cards and classic bank transfers.
Step 3 -Trade Cryptocurrency on Bitcoin Prime
Only after you are sure that you know how the Bitcoin Prime platform works, do you need to start investing in Bitcoin Prime.
It is advisable to start with a low amount so that you do not lose a lot of money if the crypto market goes down unexpectedly.
We recommend novice investors to create a demo account at Libertex and practice investing there. Libertex offers more tutorials and explanations of different trading methods, and is also proven reliable for new investors, and takes the Know Your Customer test.
Bitcoin Prime Key Features
Bitcoin Prime: Main characteristics
Bitcoin Prime has several unique services that set it apart from its competitors. They are worth paying attention to. Here are some of them:
Security and Regulation
Bitcoin Prime pays special attention to security. First, the software cooperates with licensed brokers that are supervised by reputable financial institutions. We can mention, for example, CySEC, FCA, AMF, ASIC.
In addition, the automatic trading robot uses SSL encryption to prevent hacking of its users' personal data.
Assumed Accuracy Ratio
Bitcoin Prime is an automated trading software that claims to guarantee a 90% win rate. This means that they claim that 9 out of 10 trades are profitable when using this robot. Are these claims true?
At our level, we cannot verify such claims because we have not been able to prove these alleged profits. However, the software is functional and you can invest at your own risk.
Ease of Use
Bitcoin Prime claims that investors can use it without any trading skills. Supposedly, the software does all the work for you thanks to artificial intelligence technology.
Nevertheless, we think it is important to have a basic knowledge of trading and understand the risks associated with using robot traders.
We are happy to learn that Bitcoin Prime offers a demo account for all new traders. This gives you the opportunity to trade with dummy funds so you don't risk your capital.
The trading simulator also allows you to develop winning trading strategies before you invest your money.
Payment methods, deposits and withdrawals
Whether it's a withdrawal or a deposit, all transactions are completed within 24 hours. In addition, the platform provides you with a variety of payment methods.
Bitcoin Prime works with third-party brokers to hold funds in your account and complete transactions. According to the site, available affiliate brokers offer 75+ CFDs that Bitcoin Prime trades in and do not charge excessive trading fees. When you sign up for the Bitcoin Prime program, you are automatically assigned one of the many affiliate brokers depending on your location.
Our test results showed that Bitcoin Prime has very good customer support. Professional agents are available 24/7 to solve any problems. Channels of communication: email, phone, chat.
Bitcoin Prime Fees
According to Bitcoin Prime experience, withdrawals are processed and transferred within 24 hours. No fee is charged. Theoretically, every customer can get every euro won from a Bitcoin Prime account without any inconvenience.
Bitcoin Prime Customer Support
Bitcoin Prime has exceptional customer service. They monitor any problems and can be contacted 24/7 to answer your questions. We think this is a crucial service for such a complicated platform as investing bots.
Is Bitcoin Prime a Scam?
If you go to the Bitcoin Prime homepage, you will immediately see a really well-made commercial. Here you can see people who have had only good experiences with Bitcoin, the mother of all digital currencies. However, the good experience was only possible because the people shown in the video chose Bitcoin Prime.
Bitcoin Prime is not a dubious provider, but you still have to be careful because whenever there is a chance to make an attractive profit, of course there is the risk of going home with a loss.
If you start collecting information related to automated trading, you will always encounter negative user opinions. But it also has to do with traders' attitudes. After all, this is also a setting you have made yourself, so it may not always lead to success. If you think you can get high profits here without knowledge or prior knowledge, you might get an unpleasant surprise.
Our top robot trading tips for beginners
There may be a few critical voices, such as user opinions, but in the end Bitcoin Prime can be categorized as a reputable provider . Because the points you might well question are unfortunately common in the industry. This means that Bitcoin Prime is not alone in the market with this strategy, even if it does not automatically mean that the tactic should be approved.
What is Bitcoin Prime?
Bitcoin Prime is an automated cryptocurrency trading robot. The trading robot appears to be based on advanced technology that constantly monitors the markets and independently opens and closes positions.
Is Bitcoin Prime a scam?
The provider does not publish any verifiable data about the performance of its trading bot, so its performance cannot be tracked. However, this does not necessarily mean it is a scam. Investors should usually be wary of opaque providers.
Can you make high profits with Bitcoin Prime?
The profit opportunities with Bitcoin Prime cannot be conclusively evaluated. There are many positive testimonials from users who have been able to achieve high profits with this provider. However, the provider does not publish the trading history of its trading robot, so we cannot give a definitive assessment. However, in principle, it is very difficult to make high profits regularly with a trading bot.
Is Bitcoin Prime worth trading?
You have to decide for yourself. If you have basic knowledge and would like to try this experiment, you should at least not exceed the minimum deposit amount. With Bitcoin Prime, it is quite possible to make profits with little effort.
Do we recommend trading with Bitcoin Prime?
Yes, Bitcoin Prime is a good choice for all those who want to earn passive extra income for a short time.
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 Prime review, opinions, news, research, analysis, pricing, and other information are offered as general market commentary and do not represent investment advice.