BitIQ Review in the UK 2023: Scam or Legit?

Cryptocurrency market is on the rise, many investors expect high returns, but when it comes to cryptocurrency, they have big questions. Today, we want to share with you our experience and impressions of BitIQ.

You should not underestimate the time it takes to research, evaluate and analyze your data, and of course, the investment itself. Now we can support you and introduce you to BitIQ.

BitIQ Summary

What is BitIQ?

BitiQ is an automated trading robot designed for traders and investors of all levels. The BitiQ platform can monitor the financial markets, allowing you to develop more effective trading strategies that can help you reduce your risk.

The BitiQ platform uses the most advanced technology to take your crypto trading activities to the next level. It is a legitimate platform that can offer a wide range of opportunities to both beginners and professional traders.

BitIQ Advantages & Disadvantages

How Does BitIQ Work?

In its basic structure, the platform works like Bitcode Prime or Bitcode AI, that is, like most trading programs currently on the market. After successful registration, you can already use the software behind it.

The concept behind this trading software is simple, similar to buying a Microsoft Family Pack. There you pay an annual fee to use the software , and it is no different than cryptocurrency trading software such as BitIQ. However, the trading software has a unique advantage.

Because the creators of the trading software have a goal of providing access to a decentralized financial market to the general public with an equal chance of profit for all. That's why, as a user with "newbie" status, you get active support. With the platform and, just as importantly, a demo account, you can quickly learn how to use the platform.

How To Start Trading With BitIQ

Step 1 – Register BitIQ Account

Right on the BitIQ website there is already a registration window. Then you enter your data, such as your name, first name, email address and phone number . Initially, there is no additional information about registration - some may like it, some may not.

But one thing is for sure: registering with BitIQ is quick and uncomplicated. Instead of forms and multiple verification steps, all you need is a confirmed email address. After that, you can already deposit money into your BitIQ customer account.

Step 2 – Deposit Funds for Trading

After registering with BitIQ, you can proceed with the deposit. The minimum deposit amount is 250 euros and is common in the trading software industry. If you want to try an experiment first, you should not exceed this minimum deposit amount. You can always add more money later if you need it.

Step 3 – Trade Cryptocurrency on BitIQ

After a successful deposit, you can start trading . You should always remember that as an investor you have to follow the cryptocurrency market very closely. You should take with you some basic knowledge as cryptocurrencies are very volatile.

Although you can also try this experiment as a beginner, you must know important terms such as stop loss limit in order to set up your trading software correctly. Because it is not always advisable to give up on cryptocurrency trading software. You should also pay close attention to what settings make sense for a particular financial market situation.

BitIQ Key Features

Easy and fast registration

On the BitIQ website, you don't need to spend a lot of time on the registration process. No time-consuming registration and verification processes are required here. Setting up an account and making the first transaction should not take more than 20 minutes.

BitIQ Payout

Most cryptocurrency exchanges and trading platforms now require up to 7 days before winnings are credited to their respective accounts. Fortunately, this is not the case with BitIQ. BitIQ processes withdrawals within 24 hours.

Accuracy

To make profits with a trading bot, it is important that it makes trading decisions in fractions of a second. This would be the ideal entry or exit point. Since cryptocurrencies are highly volatile, meaning they are subject to huge fluctuations, timing is crucial. BitIQ is designed to exploit these moments with maximum precision so that trade orders are executed at the right time. In this way, you can maximize your profits with the software.

BitIQ Fees

BitIQ Customer Support

Like most providers, BitIQ relies on email support. Questions about cryptocurrencies or trading itself can come up again and again, especially in trading. Therefore, it is advantageous if the provider can offer responsive and competent customer service. This seems to be guaranteed by BitIQ.

The fact that BitIQ funds its own customer service is a good indication that you want to last.

Is BitIQ a Scam?

In our BitIQ test we tested your trading software and invested 250 euros ourselves. We were able to make a profit in a few days, despite the volatility of the cryptocurrency market at the moment. It is important that you not only allow the trading software to run in the background, but that you actually monitor the trades. The fee also worked without any problems.

In general, we recommend the trading software only to those who are aware of its risks and want to participate in this experiment. What I am also convinced of is that BitIQ does not advertise exaggerated marketing and even provides website support for those new to crypto.

Our top robot trading tips for beginners

Conclusion

After extensive testing of the platform, we can confirm that BitIQ is a reputable and legitimate provider. Although we were not able to get an excessive return on our investment, we were convinced of the capabilities and ease of use. As with other trading programs, the minimum deposit amount is low and the loss will be tolerable at worst.

BitIQ is also a relatively new trading software for which there are still few reviews and tests. It is important to note that you can only trade bitcoins with BitIQ. Anyone who has experience with the world of cryptocurrencies knows how volatile the market can be. This is why BitIQ is also a risky form of investment.

However, it is important to realize that these trading platforms are an investment experiment. You should only approach this platform if you have a basic knowledge of the cryptocurrency market and are aware of the risks.

FAQ

How does BitIQ work?

BitIQ is an automated trading software that tracks and analyzes movements in the cryptocurrency market 24 hours a day. The program then uses the data to make purchases and sales in order to maximize profits.

Why does investing in BitIQ make sense?

The software can act within milliseconds and hundreds of times faster than humans. It also acts on data and facts. Emotions like humans don't play a role.

Was BitIQ a candidate for the lion's den?

No So far, no automated trading robot has been part of this TV format.

How does BitIQ deposit work?

BitIQ accepts payments by credit card, PayPal or bitcoins.

Can you really make high profits?

Of course you can make high profits with trading bots. Of course, as with everything, it depends on several things. Your own capital is just as important as your personal risk awareness. The more money you are willing to invest, the more money you can theoretically make.

Is there a BitIQ app?

BitIQ has abandoned not only the demo account, but also the programming of its own app. Therefore, if you want to work with BitIQ through a mobile device such as a smartphone or tablet, you can only do it through a browser. No own app - also no information on whether BitIQ is already working on it or if BitIQ will do without this feature in the near future.

When to use bitcoin robots?

Bitcoin robots can be used by both beginners and experienced traders. Because, unlike a human, a trading bot is able to trade without emotion and all the time, i.e. almost 24 hours a day, 7 days a week. Thus, the advantage of the trading bot is obvious. You can sit back, relax, and let the bitcoin robot work for you.