Exhaustive Bitcoin Trader Review: Legit or a Scam?

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Rating: 4.5/5

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Many individuals are trying to find additional sources of revenue nowadays, especially with unemployment on the rise due to the pandemic. Sadly, there may be ventures or jobs that demand a lot of effort while providing minimal rewards. In this guide, we center our attention on trading cryptocurrencies and emphasize how to gain regular profits.

The moment you go online and try to search for a way to generate substantial profits from crypto trading, you will have many sites that pop up but only a few that can render any sort of trustworthiness in the way they operate.

 This review will specifically inspect Bitcoin Trader as a broker and how their software can accurately generate your gains.
Logo of Bitcoin Trader

What Is Bitcoin Trader?

Cryptocurrencies, especially Bitcoin, are digital assets that have been outperforming every single asset class and are expected to overtake any class in history.

 Bitcoin Trader is a platform that allows trouble-free and secure access and usage to Bitcoin anytime, anywhere. While it may seem like it has sprouted relatively recently - even though it was launched in 2017, it has continuously proven itself by establishing a positive reputation over the past few years.
Homepage of Bitcoin Trader site

The Bitcoin Trader robot speculates through CFDs on crypto market trends. While this has been done on Wall Street and might not sound like anything new, there is a twist that can yield better results this time: automation of the process.

This bot aims to detect openings automatically and conduct trades with instantaneous speeds and sheer accuracy that can keep up with the volatility of cryptocurrency trading. Of course, this is in contrast to humans in general, wherein despite time being of the essence, it will take hours, if not days, to interpret signals and identify lucrative positions.

Having a bot such as Bitcoin Trader, in turn, not only provides the opportunity but assists an investor to gain access to convenient and straightforward crypto trading even with the most basic knowledge of crypto.

Furthermore, it has a higher chance of producing better returns. And if you think it could not get any better, Bitcoin Trader does not charge fees, so all profits are wholly yours without any deduction or commission fees.

However, recent rumors have attempted to taint the credibility of the software. This led many traders to search for “Bitcoin trader scam” on the internet. But this guide will testify to the legitimacy of Bitcoin Trader.

History and Notable Dates

While there is no detailed information about who created or founded the platform, it has been reported that Bitcoin Trader has originated from a collection of experienced investment bankers and computer mathematicians.

These creators were allegedly fed up with having to deal with trading firms and level the playing field for individual investors as trading bots with leading-edge technology were only made available for institutions that had big budgets.

Now, they’ve created a cryptocurrency trading software enabled with the best algorithm out there for all traders, regardless of skill level or budget.

 Here are some notable dates of how the platform has progressed throughout the years:
  • 2015 - To establish a way to automate trading techniques, a team of Wall Street traders and MIT engineers gathered together. While in the initial stages of this process, the bot was only available to the founders and people they knew.
  • 2016 - Claims from the team surfaced that an income of $560 was generated. In September, the general public was given access to the platform.
  • 2017 - Although unavailable for a short period of time, a rise in Bitcoin Trader bot usage was seen this year.
  • 2018 - During the occurrence of the crypto bubble, the tool was implemented again. The instrument was reintroduced during the crypto bubble. Based on quantitative and qualitative results, the automated algorithm was refined and has performed well ever since.

Currently, Bitcoin Trader presents a trading guide and the choice to open a demo account. The former helps you get acquainted with the terminology and techniques of trading.

On the other hand, the latter helps you train in a secure environment, so you don’t risk any of your money. The website also features a trading guide and a sample account opening option.

How Does Bitcoin Trader Work?

The development team of Bitcoin Trade was inspired by modern macroeconomic trading models, which allowed them to use artificial intelligence and deep learning to build their predictive models that anticipate short-term movements.

Based on these innovations, the crypto bot analyzes the data to determine the best time to access the exchange. Moreover, the bot can open or close in the place of the user.

This, of course, does not mean that the bots spontaneously work at random. Some parameters are put in place by the trader, and the bot works based on that specified criteria.

In order for the Bitcoin Trader app to respond to market fluctuations and forecast them, it reacts 0.01 seconds ahead of the market, which is attributed to the vast quantities of data that is received during marketing research across the internet.

The network is affiliated with brokers of cryptocurrency via an API. The trading signals are sent to the broker via Virtual Private Servers (VPS), and a specific asset is purchased or sold.

While the automatic algorithms and the bot are able to handle trades based on a set of criteria without human interference are a massive deal with Bitcoin Trader, there will be traders that may prefer to trade manually.

This is especially true for more prepared and skilled users. Therefore, they can still choose to use manual trading and configure any trading elements, such as defining trading metrics, setting stop losses, setting regular caps, and more.

All that is needed, especially if you are a beginner, to see the magic of live trading with minimal manual intervention is to register with Bitcoin Trader, fund your account, and start trading. If this all still makes you nervous, there are comprehensive guides and tutorials once the user opens the live trading account.

Is Bitcoin Trader Legit?

The legitimacy of potential earnings and the safety of funds for investors interested in trading will always come into question. After all, we are talking about a concept such as a budget-friendly bot for individual investors that yield high profits, especially if you consider the significant amount of scammers trying to take advantage of the cryptocurrency market.

Nonetheless, it is worthy to note that this platform is a legal trading site that is connected with regulated businesses. Bitcoin Trader is also registered with all the essential licenses. It is also secured with BitGo, Norton, Secure Trading, and McAfee and has also been featured in some of the biggest news chains such as CNN, Financial Times, Time, and Forbes.

What also cannot be denied is the potential win-rate experienced by users just by utilizing the trading signals accessible on the platform and the fact that there is a demo version on the platform that allows users to practice before setting out with actual money.

After you’ve signed up on the site, an account manager will provide you a walkthrough of the process. Why would a legitimate company aim to spend such a considerable amount of time on the client base, if not to allow users to invest in their platform where both parties will mutually benefit from it.

There have been no malfunctions in the platform as well. Neither has there been any malicious activity such as being exposed to hacker attacks. There was a point in time during 2017 where the site was down for some time, but there has been no evidence to suggest there have been any malicious attacks that could be the cause of its downtime.

All that being said, it is essential to note that cryptocurrencies are volatile, and trading such coins are associated with risks. Occasional losses will be experienced, but this does not necessarily mean that a company is fraudulent. While aiming to provide us as many profits as possible for its users, a platform's legitimacy is not tied to the inevitability of losses.

Advantages and Disadvantages of Bitcoin Trader

 To find out whether you can successfully automate your trading activity and investigate whether this app is convenient for you, we have enlisted a list of pros and cons in the table below regarding Bitcoin Trader.

Advantages

Disadvantages

  • An easy-to-use UI (user interface)
  • The crypto platform has a win-rate accuracy of 90%
  • Immediate Edge allows a minimum deposit of $250
  • Quick transactions
  • All prices, fees, and commissions are transparent
  • Great customer service
  • Identifies with well-known digital currencies exchanges
  • Immediate Edge bot has an application for smartphones.
  • Restricted access based on your country

Bitcoin Trader Main Features

As previously mentioned, Bitcoin Trader is a trading bot. Beginner traders are highly suggested to seek the assistance of trading bots to make profitable trades. Automated trading through AI technologies is known to yield profits amidst the sudden rise and fall of crypto assets.

The robust accuracy of this trading software is one of its most popular features and the reason why more and more beginner traders are using this service. We also listed other notable features that users can enjoy in this trading bot.

Beginner-Friendly Interface

Upon entering the web-trader, users can already get a grasp of the primary functions of the website. The site itself is easy to navigate, and all trading tools are easily accessible.

Straightforward Verification Process

The importance of verification has been frequently overlooked because of the tedious process that comes with it. Fortunately, Bitcoin Trader employs a fast and direct verification process that can get your account up and running in a snap.

The site will send a verification link to the email that you have provided upon registration. Follow the succeeding instructions, and you are good to go.

Highly Responsive Customer Desk

Users can quickly get in touch with the customer service of Bitcoin Trader. A very supportive team operates 24/7 to address users' needs and answer concerns and inquiries.

Reviews have confirmed the beneficial customer service that this software's team provides. They also claim that you may obtain additional knowledge or tips upon consulting with them. Your satisfaction and guidance are their priority.

Demo Trading Account

Bitcoin Trader is generous enough to provide users the option to use a trial version of the web-trader before fully subscribing to the trading platform. Through this demo account, users can browse through the services, trading pairs, and trading mechanics of the software without paying any money. This demo version is absolutely free.

Note that while users pay nothing to use the demo trading account, they will earn nothing. The funds that they can obtain through the demo version are non-transferable to their actual live trading account.

Speedy Transactions

Bitcoin Trader can process transactions at lightning speed. With their efficient processes and effective traffic management, the platform can do transactions within 24 hours or one day of the initial trade.

Reputable Brokers

The trading platform is affiliated with credible and competent online stockbrokers. A user connects with a broker who assists them in managing and overseeing their account and corresponding transactions.

These brokers are certified by their impeccable credentials, necessary licenses, and impressive background and experiences.

Positive Customer Reviews

Over the years, Bitcoin Trader has built a name for itself and has become one of the most trusted and popular trading platforms for beginner and expert traders alike. The majority of customer reviews appraise the remarkable performance and service of the trading software.

Though, some still raise points for improvement for the continuous development of the platform. Still, many reviews have claimed to yield extremely high earnings in a very short time.

Transparent and Credible Service

Is Bitcoin Trader safe? On their homepage, the trading platform prides itself on providing a transparent trading environment. Meaning, there are no hidden requirements or unauthorized operations that the site applies on your account without your permission.

They also claim that their system is based on a highly secured blockchain technology that guarantees seamless peer-to-peer transactions in the cloud. Users are also aware of everything that is happening in their accounts.

How Much Money Can I Earn with Bitcoin Trader?

The platform did not specify a minimum or maximum earning that users can receive in trading daily. However, the software asserts that its algorithms implement HFT trading techniques that can solicit profit despite the sudden movements and market volatility.

The platform also claims to trade at high leverage to foresee profitable returns even from small trading accounts.

We did our examination, and upon visiting their site, the lowest daily earning of a user starts at $51. But the highest earnings spiked to as much as $240. Depending on your luck and wit, who knows; maybe you can become a millionaire.

How to Start Trading with Bitcoin Trader

You can start investing as early as today with Bitcoin Trader. The software imposes a convenient and easy registration process that can initiate your trading journey instantly.

Here are the procedures you must accomplish to get started.

Step 1 - Register Your Bitcoin Trader Account

 Head on to the official site of Bitcoin Trader. Go to the registration tab or page and simply fill in the needed details to start an account. These usually include your name, email, and contact number.
Bitcoin Trader homepage to register for an account

Ensure that what you have inputted is correct and that your contact details are still functional. It is often needed for verification later on.

Step 2 - Verify Your Account

Commonly, trading platforms send verification codes to your mobile number or verification link to your email address for you to validate your account. On the other hand, others ask you to submit specific IDs to confirm your account application's validity.

Verification is done to safeguard the integrity of accounts within the trading platform. Users often overlook the importance of the verification process because of the delay that it causes to their trading. Good thing, Bitcoin Trader allows for a quicker and direct verification process that can be done within a matter of minutes.

Step 3 - Deposit Initial Funds to Your Account

 Bitcoin Trader only requires a minimum of $250 initial trading capital to start your account. This is considered a modest rate compared to other popular trading platforms.
Webpage to deposit funds to a trading account

Bitcoin Trader accepts deposits through debit cards, credit cards, wire and bank transfers, and certain crypto wallets. These methods are easily accessible to most traders.

Step 4 - Browse the Demo Account

Bitcoin Trader offers a demo version account before traders access live trading. Demo accounts are usually intended for trading education and practice. This is especially beneficial for beginner traders or even average traders who want first to check out the web-trader.

Rest assured that your capital remains intact despite trading through the demo account. There is no cash-out needed to use the demo account. At the same time, traders will earn nothing out of the trades they make in the demo. It is solely intended for training.

Step 5 - Get Started With Live Trading

 Once you are familiar enough with the platform, you can proceed to the live version of Bitcoin Trader. Live trading marks the real start of your trading experience, in which you trade real assets.
Bitcoin Trader trading room

Step 6 - Set Your Trading Preferences

 As part of your live trading account, you have the option to set trading restrictions, depending on your preference and the definite amount that you can afford to risk. In the trading room dashboard, you can specify trading limits to your liking.
Trade settings window

Step 7 - Check Your Account Regularly

Most users claim that it should take no less than and no more than 20 minutes when checking your trading account. Checking can help you foresee the trajectory of your trade performance. But checking too often might lead to more unsatisfactory results.

Bitcoin Trader on TV and in Big Mass Media

Unverified sources have claimed that Bitcoin Trader appeared on certain TV shows like "This Morning," "Shark Tank," and "Dragon's Den." We did our research, and we can safely disprove such claims. Even Bitcoin Trader themselves deny such misguided reports.

Trading platforms do not need an endorsement from the entertainment industry and media. Platforms such as Bitcoin Trader become renowned due to positive customer ratings and trading charts that reflect the profitability that they can achieve.

What Do Celebrities Say About Bitcoin Trader?

Beware of malicious hackers that replicate sites of trading platforms. They also often use the names of media personalities to make fake endorsements of popular trading platforms such as Bitcoin Trader to bait aspiring users to their made-up sites.

Advertisement often uses fake statements from Gordon Ramsay, Peter Jones, Elon Musk, Trevor Noah, Kate Winslet, Holly Willoughby, Idris Elba, Ant McPartlin, Nicole Kidman, and Andrew Forrest to falsely advertise Bitcoin Trader. But our investigation reveals that none of these endorsements are true.

Bitcoin Trader also opposes these claims. The platform reportedly stated that it would take serious actions to mitigate this issue.

What Customers Have to Say About Bitcoin Trader

 Since its first establishment, the trading platform has garnered affirmative reviews from several of its users. The majority of the reviews testify to the platform's credibility and efficiency regarding automated trading.
Bitcoin Trader five-star customer review from Trustpilot

User-Friendly and Accessibility

Customers find Bitcoin Trader easy to navigate, therefore enabling them to efficiently use the functions of the software. The web-trader is also easy to access, giving a hassle-free and worry-free experience to customers.

Bitcoin Trader four-star customer review from Trustpilot

Profit Amidst Market Movements

 Customers also praise Bitcoin Trader for generating profit amid market volatility and continuous market movements. Thanks to the powerful AI technologies of the trading platform, it can place profitable trades, regardless of the decline of prices.
Bitcoin Trader three-star customer review from Trustpilot

Tips and Tricks for Newbies

Bitcoin Trader continuously develops by the day. The platform considers several suggestions and points of improvement raised by customer testimonials. This shows how dedicated the software is to providing the best experience to its users.

 To make it even better, consider these tips:
  • Invest disposable money: A saying goes, do not bite off more than what you can chew. Similar to crypto trading, only sell crypto that you can afford to risk. The crypto market is highly volatile. The amount of profit you can reap is not guaranteed nor definite in every trade. Investing disposable money is the safest way of obtaining capital.
  • Reinvest profit: Allocate a portion of your earnings towards investments and capital appraisal. Doing so would ensure the productive circulation of money that you earn and spend. This can also lead to the possibility of you doubling your income.
  • Educate yourself: There are many available resources on the internet that can improve your knowledge and awareness about trading. Although Bitcoin Trader does not require any specialized skill to trade, it never hurts to learn something new and learn more about how trading operates.

Bitcoin Trader vs. Regular Trading Systems

Criteria

Bitcoin Code

Regular Trading System

Trading Options

A user can opt for either manual or auto trading

Only manual trading

Beginner-friendliness

100%: Beginners can practice with a demo account. Moreover, they can get help from the customer support

Depends on the platform. Typically, a user should be competent enough to trade crypto on his own

Success Rate

According to some data, it’s above 99%

The profitability of the deal depends on the trader’s skills and knowledge

Customer Support

Available 24/7. Can provide advisory services

Depends on the platform. Typically, it aids in solving technical issues only

Cryptocurrencies

Supports the major cryptocurrencies (Bitcoin, Litecoin, Ripple, Ethereum, Bitcoin Cash, etc.)

Depends on the platform: some are limited to a couple of cryptos, while others support all.

Demo account

Available for all registered and verified users

May not exist on the majority of platforms.

Our Verdict: Is Bitcoin Trader Legit or a Scam?

In conclusion, we can confidently say that Bitcoin Trader is legit. Is Bitcoin Trader real? We can confirm that too. All the necessary permits and licenses back up the platform's legality. It is also supported by the immensely positive reception of its customer base.

From the independent research and study we have conducted, we were able to determine the platform's effectiveness and efficiency. And we wholly recommend traders - experts and beginners alike - to start trading with Bitcoin Trader as their primary platform.

 Glossary

  • Cryptocurrency - It is often abbreviated as “crypto.” It is regarded as a digital asset.
  • Bitcoin - Bitcoin is known to be a high-earning cryptocurrency developed in 2008 by founder Satoshi Nakamoto.
  • Trading platform - It is also referred to as trading software that enables traders and investors to trade cryptocurrency.
  • Trading limits - These are your set trading restrictions to regulate the number of trades that the bot is making for you.

FAQ

We listed the commonly asked questions regarding the platform and answered them for your reference.

What Is Bitcoin Trader?

Bitcoin Trader is a fully automated trading platform that analyzes the cryptocurrency market by using AI technologies. The analyses of the market generate insights that prompt the bot to make profitable trades.

How Safe Is Bitcoin Trader?

Bitcoin Trader guarantees cybersecurity and safety measures that prioritize customer privacy and security. The platform guarantees secured transactions and trades. It also maintains confidentiality over customer information.

Is Bitcoin Trader a Con?

As established above, Bitcoin Trader is not a con. It is a legitimate trading platform that offers excellent and reliable trading services. Several customer reviews attest to the legality of the platform's existence.

How Do You Get Bitcoin Trader?

Simply go to the official site of Bitcoin Trader. Head on to the registration panel or page to register for an account. Verify your account, and make your initial deposit. After that, you can test the web-trader through the demo account before fully immersing yourself in the platform's live trading version.

How Does Bitcoin Trader Work?

Bitcoin Trader speculates market data through cutting-edge AI technologies. It capitalizes on intelligent insights in placing strategic and profitable trades.

Can You Make Money with Bitcoin Trader?

Bitcoin Trader can yield high returns in bitcoins or other supported cryptocurrencies for every capital that you trade in. You can make large profits by using the platform. Note that the crypto market is never without risks, so make pragmatic trades.

Who Owns Bitcoin Trader?

 Bitcoin Trader is known to be created and developed by competent software developers and guru traders.