Exhaustive Bitcoin Profit Review: Is It Legit or a Scam?
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With Bitcoin reaching new thresholds, the crypto market is booming. Considering that some time ago, many believed that digital assets weren’t profitable at all, many investors were ignoring the potential of cryptocurrencies.
However, everything has changed with the rapid Bitcoin growth. Crypto has become lucrative for both investors and traders of all scopes. While professionals have enough skills and knowledge to trade cryptos on their own, beginners can hardly get a basic grasp of blockchain and cryptocurrencies.
It doesn’t mean, though, that the opportunity of getting rich from trading crypto is unattainable for them. With the help of auto trading software, they can also enter the crypto trading market. There are many services with a similar offer. How to find a reliable one? Through in-depth research, of course.In this article, we will take a closer look at Bitcoin Profit. After reading our Bitcoin Profit review, you will be able to tell whether it’s legit or av fh scam.
What Is Bitcoin Profit?Bitcoin Profit is a free ticket to online crypto trading. Basically, it’s cryptocurrency trading software that is powered by an AI-based robot that does all the work. With its help, a user can deposit money, and the bot will find the most lucrative deals that will help to make a profit from crypto market fluctuations.
Bitcoin Profit implies several trading options: auto and manual. It means that you can rely on the robot completely or adjust the pre-set parameters. The former is suitable for beginners who have little understanding of the crypto world, while the latter amazes professionals who want to test their expertise in practice.
As the name proposes, Bitcoin Profit was created initially to trade Bitcoin only. Later, however, the platform decided to diversify the portfolio and also added altcoins – Ethereum, Litecoin, and Ripple. Besides, it also supports fiat to crypto pairs like BTC/USD, ETH/USD, BTC/EUR.
Why was the diversification implemented? Hard to tell since little is known about Bitcoin Profit’s founders. The official website states that all the credit goes to two brothers, one of whom developed a unique algorithm to drive profit from crypto.
All in all, Bitcoin Profit is a rather convenient and user-friendly trading site. Let’s cover the basic aspects:
Besides all these, the site offers an additional service – Bitcoin Profit calculator. It helps to enhance trading accuracy by converting fiat currencies into Bitcoin and vice versa. Please note: the calculator supports EUR and USD only.
How Does Bitcoin Profit Work?
When a user deposits money to Bitcoin Profit, he/she faces two scenarios: to delegate all the work to an auto trading robot or to interfere manually. Let’s elaborate on both.
In the first case, when an auto trading bot makes decisions, you rely on algorithms' efficiency. These algorithms analyze the crypto market in real-time: they constantly scan the data to find the optimum entry and exit points for a trade. It's stated in some resources that the accuracy of the technology surpasses 90%.
What is happening under the second scenario that implies manual intervention? As soon as a user wants to start live trading, he/she chooses to adjust the parameters for opening or closing a trade. They can specify the conditions under which the bot either opens or closes the trade. By the way, manual trading is rather extensive. For example, users can open short and long positions and also carry out leverage trades.
To better understand how Bitcoin Profit works, we should mention what happens after the bot initiates the trade. All the data is transferred to a broker via an API. So, it’s the broker who executes the trade.
Is Bitcoin Profit Legit?
When searching for BTC profit reviews, traders want to know whether Bitcoin Profit is a scam or not. After deep analysis, we have found out that the auto trading bot is 100% legit. Here is why:
Bitcoin Profit implements an improved security system on a website to protect user data. First of all, the site boasts SSL encryption that ensures the protection of the provided data. It’s important - with the rise in cyber robberies, more and more people avoid providing sensitive information like banking and personal data. Besides this, additional security measures take place to ensure Bitcoin Profit reliability.
Auto trading sites don’t execute the trades on their own. Instead, they delegate this work to brokers. Having a network of reliable brokers is vital. Moreover, a trader should consider the brokers’ reputation. Scams will never be able to partner with reliable brokers.
Bitcoin Profit has passed this test. Although the platform doesn’t reveal the network of partners, according to some data, it deals with Investous and EuropeFX. Such parties always ensure high security of trades and data exchanges.
Bitcoin Profit has no hidden fees, unlike other trading sites that want to rob their users. The system calculates the payout as soon as a trading session finishes. The calculations are transparent: the bot deducts a Bitcoin Profit commission and instantly credits the rest of the sum to a user’s account.
Another feature of the platform that speaks volumes about its credibility is withdrawals. Bitcoin Profit makes sure that the money is transferred to the user: to receive a withdrawal, a trader must submit proof of residence and proof of identity.
Responsive Customer Support
Frauds usually don’t respond to customer’s inquiries. Their customer support literally doesn’t exist. This isn’t about Bitcoin Profit. The site offers 24/7 support that can solve any problem. This isn’t limited to technical issues only. The representatives can also consult a user about the crypto market.
Pros and Cons of Bitcoin ProfitLet’s specify the advantages and disadvantages of Bitcoin Profit.
What Are the Main Features of BTC Profit?
Let’s elaborate on what attracts users to Bitcoin Profit.
A verification system is a typical element of any trading site. Usually, users must prove their identity at the registration. Otherwise, they won’t have their account activated. With Bitcoin Profit, this isn’t necessary.
The auto trading robot can execute the trades without identity proof. However, at the withdrawal, you can’t receive the win until you submit the verification form. The process is rather speedy and won’t take a lot of time.
The ultimate goal for every trader is to receive the gain. Sometimes, it’s not as simple as it may seem. Some trading sites require 5-7 business days to send the money to a recipient. With a Bitcoin profile, it’s much faster.
You can get your money within 24-hours since the request for withdrawal is approved. You will need to specify the sum, provide your banking data, and complete the verification. After that, the system will transfer the funds.
It takes only a couple of minutes to register on Bitcoin Profit. A user must provide First name, Last name, a valid email address, and phone number. After that, the confirmation email will be sent, and you can activate your account. All in all, it won’t take more than five minutes.
Bitcoin Profit offers fast registration because it eliminates the verification process. Other sites typically require proof of identity to activate an account. Thus, the overall process may take up to several hours.
Multiple Depositing Methods
The majority of sites offer only the basic depositing methods like Visa and MasterCard. Some also support bank transfers. However, this isn’t as convenient as having several banking methods to choose from.
Here, Bitcoin Profit outperforms the competitors. It offers such banking systems as Skrill, Safepay, Merchant Pay, Giropay. Alongside this, you can always deposit the funds with Visa or MasterCard.
Two Trading Options
The ultimate feature of Bitcoin Profit is its user-friendliness. By this, we mean that it’s ideal for both professional and novice traders. Professionals can enjoy manual trading when the bot executes the trades with manually predetermined orders. This gives a user more control over a trading session.
However, beginners can proceed with the predetermined parameters and leave all the work for an auto trading bot. It’s a great opportunity to get involved in the process and start to make money from the very beginning.
Can I Make Money on Bitcoin Profit?
Bitcoin Profit stands by its name: traders do make money with the auto trading system's help. This is backed up by a unique set of algorithms that detect the crypto market signals, analyze them, and make corresponding decisions on when to open and close a trade.
According to some sources, their accuracy reaches 99%. Such a result is rather hard to believe as it’s unattainable even for professional brokers. The win rate isn’t as high but also impressive – 92%. It means that every ninth trade is successful.
The reason why we are sure that a user can gain income on Bitcoin Profit is a low entry point. The minimum deposit is only $250, which is much lower than some trading sites have. Besides, you can enjoy a 30-day free trial without sharing anything with the auto trading bot at all.
A high chance of victory and insignificant entry points means that even a beginner without large investments can earn from the crypto market. Later, however, you will have to attribute some profit to the platform. But the commission is minimal; therefore, the majority will still be credited to your Bitcoin Profit account.
How to Trade with Bitcoin Profit?
Here is a step-by-step guide on how to start dealing with Bitcoin Profit, make your first deposit, start a trade, and withdraw the gain.
Step 1 – RegistrationBitcoin Profit implemented a fast and simple sign-up that will take only a couple of minutes. The platform doesn’t require piles of documents and a tedious verification process.
You can register on the Bitcoin profile homepage. There, you will find the sign-up form to fill in. You need to provide your first and last name, an email, and a mobile phone.
Step 2 – Demo Account
Demo accounts simulate real trading session; however, no money is involved. This is a good chance to practice before you enter the crypto trading market. Here, you can learn the basics and understand how the process goes.
Step 3 – First DepositNow that you are ready to start a live trading session, you need to learn how to make a deposit. You can deposit from $250 up to $25,000. To transfer the funds, you need to choose the banking system, fill in the data, and specify the sum. The money will be credited to your Bitcoin Profit account instantly.
Step 4 – Live Trading
A live trading session can be started as soon as you receive the money on your Bitcoin Profit account. You can choose between automated and manual trading. In auto trading, all the parameters regarding a trade are in default. In manual trading, a user adjusts them. Once you are done, specify the sum and start the trade.
Step 5 – WithdrawalAs soon as the trade is over, you will receive the gain on your Bitcoin Profit account. You can receive the money by initiating a withdrawal process. For this, provide the banking data, complete the verification, and await the funds.
Was Bitcoin Profit Mentioned on TV and in Big Mass Media?
Bitcoin is gaining wide popularity: many TV shows and mass media start talking about the cryptocurrency. Many believe that it should promote trading websites as well. However, that’s not the case. Bitcoin Profit, as well as many other similar sites, wasn’t featured in mass media.
What does it mean? That the site doesn’t promote itself with the help of PR. It aims to gain an audience among the community and, possibly, relies on word of mouth. This, by the way, requires outstanding service and many satisfied customers.
What Do Celebrities Say About Bitcoin Profit?
As well as with mass media, there have been many rumors that some celebrities discussed Bitcoin profit. It was particularly associated with famous British chef Gordon Ramsay, British businessman Peter Jones, tech-billionaire Elon Musk, South African comedian Trevor Noah, British actress Kate Winslet and many others.
We didn’t manage to confirm that any of these celebrities mentioned Bitcoin Profit. It doesn’t mean that they didn’t, though. With the questionable reliability of information among the elite, it’s hard to tell what is true or false.
Besides, the fact that celebrities haven’t mentioned Bitcoin Profit doesn’t mean that they don’t use it. Such people typically don’t reveal information about their financial tools.
What Do Real Customers Say About Bitcoin Profit?If you want to know whether Bitcoin Profit is worth it or not, you should look at what real clients think about the site. We have visited TrustPilot and analyzed the reviews there. Here are some of them:
“Bitcoin Profit was the stage that has been recommended to me personally.”
A user claimed that someone advised them to try Bitcoin Profit. Eventually, she liked the trading side and recommended it.
“Bitcoin Profit offers excellent security.”
A user likes enhanced security on Bitcoin Profit. Moreover, the lady admits the service has low commissions, an intuitive layout. Overall, the site is easy to understand.
“Excellent in overall aspect!”
– a user from Iceland claims that Bitcoin Profit is legit and reliable. The user chose the platform as they saw Martin Lewis featuring it.
However, not all the reviews are so positive. Here are some negative ones:
“I can't download the app.”
The review is illogical as Bitcoin Profit doesn’t have an app.
“Your dashboard will be showing…”
In this review, a user encountered a problem with the withdrawal that wasn’t completed even within 20 days. However, after they filed a complaint, the money was transferred in seven working days.
As you can see, there are both positive and negative comments. However, the good ones outnumber the bad. The Bitcoin Profit overall score is 4.1 on TrustPilot.
How to Make a Profit If You Are a Beginner?Being a beginner is hard. That’s why we have prepared some tips for those who just start to explore crypto trading with Bitcoin profile:
Differences Between Bitcoin Profit and Regular Trading SystemsBesides other automated trading sites, you can consider turning to regular trading systems. We have elaborated on key differences to help you make a prudent choice.
Regular Trading System
Fast, simple, and free. Won’t require more than a couple of minutes. No verification.
Varies from platform to platform. Typically, it requires a lot of data to prove the identity and complete a verification process.
Choosing between auto and manual trading. Inexperienced traders may interfere manually and put the trade at risk.
Decision-making depends solely on the trader’s skills and knowledge. This involves a high risk of losing money.
Exists for all registered users.
Typically, it doesn't exist.
Operates 24/7. Provides consultation on various issues.
Exists but usually doesn’t offer advisory services, unlike auto trading sites.
Are executed within 24 hours since the request is submitted.
Usually, it requires from five to seven business days.
Before you go, here is some extra info to help the knowledge sink in.
What Is Bitcoin Profit?
Bitcoin Profit is an auto trading robot that is backed up by technology. The software analyses the crypto market and decides the optimum entry and exit points of a trade. The platform also offers manual trading, when a user is responsible for the decision-making process while the bot executes the order.
How Safe Is Bitcoin Profit?Bitcoin Profit is safe software. There are three reasons for that:
Is Bitcoin Profit Legitimate?
Yes, Bitcoin Profit is legitimate. The trading website is highly secure. Moreover, it partners with a pool of reliable brokers. Among them, there are such reputable names as Investous and EuropeFX. Alongside this, the platform has a lot of positive reviews from real customers around the web.
How Do You Get a Bitcoin Profit?
To get Bitcoin Profit, you need to register on the website. For this, visit the official website, fill in the registration form by providing first and last names, email, and phone number. After that, you need to activate your account (follow the instruction provided in the email).
How Does Bitcoin Profit Work?
Bitcoin Profit is an auto trading robot that analyzes the crypto market. Based on the analysis, the robot determines which cryptocurrency to buy or sell. After that, the bot sends the order to a broker via an API: he immediately executes the trade.
Can You Make Money with Bitcoin Profit?
Yes, you can make money with Bitcoin Profit. Some traders claim to earn daily on the platform. To make a profit, you need to work out a trading strategy. You can delegate this to an automated AI-powered bot or set the orders manually.