BitcoinX Review in the UK 2023: Scam or Legit?
Bitcoin, Ethereum, Binance Coin, Cardano, XRP, Dogecoin and others.
Only 50 new accounts a day
Types of support:
Free demo account:
Open a FREE demo
Bitcoin robots that automatically increase your own investments are becoming more and more popular and numerous. Thus, this review focuses on our experience with BitcoinX on the BitcoinX website and app. Along with the pros and cons, we describe how the trading bot works and determine if it is legitimate.
AI Trading Robot
BTC, ETH, LTC, DASH, BNB and others
User data protection
Yes (AES 256-bit)
What is BitcoinX?
BitcoinX is a bitcoin robot. Bitcoin cryptocurrency should be understood as an example here, as registered clients can also trade other cryptocurrencies. Since it is a robot that automatically handles all investments, no prior knowledge is required. All that is required of the customer is to pre-register and deposit funds.
According to the website, the advanced trading software uses supposedly superior technology and powerful algorithms to provide users with a comprehensive understanding of the market. The program has been designed for traders of all experience levels. Both novice and experienced traders can make individual adjustments. The BitcoinX website and application are considered particularly secure due to state-of-the-art SSL encryption and strict security protocols.
BitcoinX Advantages and Disadvantages
How Does BitcoinX Work?
The principle of bitcoin robots is basically always the same. However, BitcoinX covers a wide range of cryptocurrency markets. It is a software that allows the use of all major trading indicators. This means that full information is always used. Once you register and make a deposit of at least €250, you can start trading right away. Each client can make individual settings, such as entering limits, on the website or in the BitcoinX app.
Once this is done, you just let it work and hope that the automatically processed information will actually lead to a significant increase in your account balance at best. There is no guarantee of course.
How To Start Trading With BitcoinX
If you want to try your luck with BitcoinX after all these benefits and despite the risks mentioned, you need a user account. We explain how to open it and start trading. It only takes three simple steps.
Step 1 - Register BitcoinX Account
The BitcoinX website has a request: "Register a free BitcoinX account". The form requires your full name, email address, password, country, and phone number. Click "Start Now" to continue.
You must now enter additional information and verify . This process is designed to prevent money laundering and block fraudulent traders. This is verified by sending an SMS to the specified cell phone number and an email to the specified address. Both have to be verified. However, according to BitcoinX's experience, no customer has to provide their own ID and address verification.
Step 2 - Deposit Funds for Trading
BitcoinX Key Features
The BitcoinX Germany website advertises that the trading software is particularly advanced because it uses advanced technology. Powerful algorithms are designed to provide market insights that will ultimately yield profits when trading cryptocurrencies.
To do this, historical data and the results of scanning billions of websites and social media posts are processed every second to identify possible events and their impact on the market at an early stage.
Thus, every investor should be able to successfully trade the cryptocurrency market. Nevertheless, each software user can decide for himself to what extent he wants to influence the trading or leave all decisions to the BitcoinX trading software.
SSL encryption and other strict security protocols are used to keep users safe so that neither personal data nor funds are compromised by hacker attacks, etc. According to their own statements, Bitcoin X is one of the most secure trading apps on the market.
According to BitcoinX experience, withdrawals are processed and transferred within 24 hours . No fee is charged . Theoretically, every customer can get every euro won from a BitcoinX account without any inconvenience.
BitcoinX Customer Support
BitcoinX support keeps a close eye on any shortcomings. Support specialists are available 24/7 to help you and answer your questions. This is really important for such a serious service as a trading bot.
Our top robot trading tips for beginners
Among various bitcoin robots BitcoinX makes a good impression . The website and app are in German, there is a demo account, and the probability of fraud with BitcoinX seems low. As is often the case, there is no information about the operator. The ads are not exaggerated for this. The program is described in detail on the site. Moreover, BitcoinX does not promise high profits.
Access is easily possible on a normal computer and from a mobile device. Registration only takes a few minutes. All you have to do is to confirm an email sent to the specified email address, as well as an SMS to the specified cell phone number. BitcoinX experience is possible only from 250 euros , but this is not unusual. We recommend using the specified demo account in advance.
Can I get rich with BitcoinX?
In theory, you can get rich with BitcoinX, but there are no guarantees. Investing in cryptocurrencies always involves a high level of risk. You should not ignore this.
Is Bitcoin worth trading?
It is impossible to predict whether BitcoinX is worth trading. The algorithm and existing tools make a good impression. However, there is no guarantee that they can guarantee that the investment will pay off.
Is there a BitcoinX scam?
Nothing is known about BitcoinX scams.
Do we recommend bitcoin trading?
As a bitcoin robot, BitcoinX is definitely an alternative to comparable products. There are even some things that speak in favor of BitcoinX. If you prefer to turn to a broker, you should test eToro.
Does BitcoinX require a commission?
After signing up, you must make a minimum deposit of $250 to fund your account before you can buy any assets. It is safer to start with a small amount for your first investment.
How we write reviews of Cryptocurrency Trading Platforms
When writing a review about a cryptocurrency trading platform, we consider key factors:
- User interface: navigation and understanding
- Available coins: supported coins
- Fees: Are the trading fees competitive with other platforms?
- Security: Security of use and measures to protect your funds
- Customer support: Is the customer support responsive and helpful?
- Reputation: the platform's reputation in the community
- 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.
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.