Bitcoin Boom Review

The Bitcoin Boom started in 2017 when little-known cryptocurrency skyrocketed in price, making many of its early adopters’ millionaires or even billionaires. Today we prepared this Bitcoin Boom review to show our readers how they can take advantage of this Bitcoin trading app and join thousands of other individual investors making money in Bitcoin and other cryptocurrencies. 

At that time, many so-called “financial experts” predicted that Bitcoin Boom is a bubble and won’t last long, but this new digital asset proceeds everyone wrong. With the Bitcoin Boom trading app, you can invest in Bitcoin, Ethereum, Ripple, Litecoin, Dogecoin and all other altcoins from anywhere in the world where you can access your computer mobile phone.

Today, the price of Bitcoin reached $40,000 when only a year ago, and it was less than $8,000; Don’t miss the opportunity to join other successful traders and make a profit from investing in Bitcoin. Read further to learn about the Bitcoin Boom trading app and start trading in 3 easy steps. 

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How Bitcoin Boom Trading App Works?

Bitcoin Boom trading app uses state of the art technology that is based on CFD trading. The Contract or Difference (also known as CFD) is a derivative instrument that allows you to trade any financial asset. Instead of paying the full price for an underlying asset, you make a bet on the price going up or down and only need to put enough money to cover the price difference, also known as the spread.

With CFDs, you can start investing with as little as $10 per trade and the Bitcoin Boom minimum is only $200. 

So, as we just explained, Bitcoin Boom is an automated trading platform that works with some of the best CFD brokers. Depending on your country of residence, Bitcoin Boom will connect you to the best crypto trading platform in your country. The relevant financial authority regulates the broker platform you will be connected to, and most of them reside in Cyprus or other EU countries.

The Bitcoin Boom trading app is also available in 10+ languages, including English, German, Italian, Chinese, Russian, Spanish, etc. You can also take advantage of 24/7 customer support in your native language if you have trouble navigating the platform. 

As we mentioned before, with Bitcoin Boom, you can invest in Bitcoin, Ethereum, Ripple, Litecoin, IOTA and other major altcoins and trade them against popular fiat currencies such as USD, Euro and GBP. 

Bitcoin Boom Trading App has a user-friendly interface that is very easy to use even for beginner traders, but in the meantime, it has all the advanced features trading required for those who want to up their game. For example, when you log into the Bitcoin Boom trading dashboard, you can choose which asset classes you want to trade and select favourites cryptos or stocks that you want to keep an eye on.

In addition, you can also take advantage of fo sophisticated technical indicators and analytical tools to help in your trading decision making process. 

Bitcoin Boom Review – Analytical Tools & News Feed

One of the great advantages we want to mention in this Bitcoin Boom review is the wide range of analytical tools and technical indicators. You can also stay on top of the market news that moves the prices and see it in the same dashboard. In addition, the news feed is available on the left side of the menu, and you can monitor how certain news impacts the market prices in real-time. 

Experienced traders can also take advantage of advanced analytical tools and technical indicators that can help predict future price moves. But, unfortunately, those who focus on technical analysis often don’t even follow the news as they rely on a completely different set of indicators.

It might take time if you are interested in learning technical analysis, but we definitely recommend doing so as this will considerably advance your trading skills. 

How to Start Investing with Bitcoin Boom Trading App

If you are ready to join Bitcoin Boom and start making money by trading cryptocurrencies, you came to the right place. You don’t have to have any prior experience, and you can learn the basics of trading very quickly. So if you are ready to join the game, you can make this in 3 easy steps. 

1. Open Free Account

You can open a Free Account with Bitcoin Boom to get going. All you have to do is provide your full name, email address and phone number. Once you register your account, you will receive a confirmation email, so don’t forget to check your inbox and validate your account to get full access to the Bitcoin Boom trading app. 

2. Deposit Funds

Once you open your account, you will be automatically redirected to the CFD broker platform available in your country of residence. You will need to complete the Know Your Client process with the broker by uploading a copy of your passport and proof of address. All brokers require this to comply with financial regulations and compliance requirements. 

With Bitcoin Boom, you can deposit funds in USD, GBP EUR, or other currency of your choice supported by the broker, and the minimum deposit is only $250. You deposit funds using debit or credit card, PayPal, bank transfer or several other popular methods. Usually, the funds are cleared in your account almost immediately, but it may take a couple of days to use bank transfer to deposit funds with Bitcoin Boom. 

3. Start Trading Bitcoin

So, your account is opened, and you have money on your account. Congratulations! You are ready to start trading and make money with the Bitcoin Boom. You can start trading in Bitcoin and other major cryptos and make bets on rising and declining prices, which means you can make when the prices are going up and when they are going down! Now let us show you how to buy Bitcoin with Bitcoin Boom.

How to Buy Bitcoin with Bitcoin Boom 

Once in the Bitcoin Boom trading app, you will need to choose a crypto asset of your choice. In our example, we went for Bitcoin. Then, when you click the Buy button, you will see a pop-up window with several trading settings that you need to specify before you can actually execute the transaction. 

You can choose to execute a trade at the Market Price, which means the spot price when you press the button or specify a LImit Price which means the system will execute the trade once the price reaches a certain level. Then you will need to specify the number of units (lots) of Bitcoin that you want to trade, and you will be able to see the required margin.

2 significant features allow you to manage your risk properly: Stop Loss and Take Profit. 

Stop Loss is a trading feature that will automatically close the position until a certain price has been reached. It is usually used to minimize the losses when you are not in front of your computer.

For example, say you bought some bitcoin when the Bitcoin. Price was $40,000 and, while you anticipate its price to go up, you understand that the price might well decline sharply, and you don’t want to lose a lot of money.

In that case, you can set stop loss to sell your investment when the price declines 20% reaching £32,000 per Bitcoin. IN this case, you will lose 20% of your investment, but you can’t lose more, and we know wheel that cryptos can be quite volatile. 

On the other hand, the Take Profit is a useful feature when you want to cash in on your profits but can’t monitor the prices all the time. Again, the price of Bitcoin can be extremely volatile and can have huge price jumps over a short period of time. In such a case, you can choose for your trading position to be automatically closed when the price increases 10% so that you can pocket your profit immediately. 

How to Sell Bitcoin with Bitcoin Boom

If you want to take advantage of the declining price and make a profit shorting Bitcoin, you can open a short position and sell Bitcoin. When selling Bitcoin, you will use the same trading parameters as Unit Price, Stop Loss and Take Profit. 

How Much Money Can I With Bitcoin Boom?

The goal of investing and trading is to make money, and, of course, that is the question you should be asking yourself. Today, cryptocurrencies are the most volatile asset and present great opportunities to make money not seen before. No other asset class allows making 100% or more in returns over the period of months, if not weeks. Many Bitcoin Boom traders report that they can generate $3,000-$5,000 in monthly trading profits with an average initial investment of $1,500.

Some professional traders are making more than 1,000% in trading profits, but there are only a few of them, and you need to be very experienced to reach that level. But beginner traders can reach 70-80% in trading profits with relatively little work. It is important to say that Stop Loss and Take-Profit features make trading very easy as you don’t have to be in front of the screen all the time, knowing that the computer will execute the trade when the time is right. 

The Bitcoin Boom Review – is it Scam or Legit? Our Verdict

After completing this Bitcoin Boom review, we can conclude that this is a reliable trading platform suitable for beginner and experienced traders. With Bitcoin Boom, you can buy Bitcoins on the go from your computer, tablet or mobile at any time. The trading terminal is quite advanced and has analytical tools and indicators but is very easy to use and navigate for beginner traders.

You can buy and sell bitcoins with Bitcoin Boom and make a profit in any market direction. The only limitation is a relatively small number of altcoins, but you can trade all the major ones, so we don’t see it as an issue. Another disadvantage is that Bitcoin Boom is not available for traders from the USA due to specific restrictions imposed by financial regulators.

Still, the residence of any other country can access Bitcoin Boom easily. So, we hope that you enjoyed reading this Bitcoin Boom review and will take advantage of this Bitcoin trading app and the booming crypto market. Happy trading, and may the profit be with you! 

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