Bitcoin Miner

Details

Broker Bitcoin Miner
Website URL https://ethereumtrading.pro/visit/bitcoin-miner/
Support Types Phone , Email , Chat
Minimum 1st Deposit $100
Minimum Trade Amount $25
Bonus Start Investing
Free Demo Account Open Demo
Trading Currency Bitcoin , Ethereum , Litecoin , Ripple , USD , EUR , GBP
US Traders Allowed No
Overall Score 73

Pros

  • Regulated CFD Broker
  • Ideal for Beginners
  • Easy to Use Trading Platform

Cons

  • Undisclosed Algorithms

What is the Bitcoin Miner Trading Robot? 

If you have been looking at how to make money online, you definitely must have heard about opportunities of investing in cryptocurrencies. In 20017, new digital asset class went mainstream and digital coins such as Bitcoin, Ethereum and many others skyrocketed in prices.  Cryptocurrencies became an asset class on its own with significant daily trading volumes. Crypto market attracted many individual investors and the development in technology now allows anyone without any prior experience, to invest in cryptocurrencies on auto-pilot. Automated trading systems or so-called trading robots, such as Bitcoin Miner are computer algorithms designed by professional traders and programmers to analyse market 24/7 and make short-term price move predictions. The computer also trades on your behalf completely removing the emotional element and behavioural bias. Bitcoin Miner trading strategy can make a profit in both rising and declining markets as long as there is price volatility and not a one-way strong market trend. Many individual investors are reporting that they are able to generate substantial income, up to %6,000 per month, by investing in cryptocurrencies on autopilot with trading robots such as Bitcoin Miner. So we have completed this Bitcoin Miner review to test-drive this trading robot and see if you can make money with it. 

bitcoin miner trading robot review

Bitcoin Miner Trading Robot Features

Cryptocurrency is one of the most popular asset classes among individual investors with many people making a fortune. Bitcoin Miner trading robot has a user-friendly design and intuitive interface, extremely easy to set up and simple to use. It is ideally suited for beginners who do not have any experience in trading. Only the most important settings displayed, living the rest of the trading operations to the computer program

Bitcoin Miner trading strategy allows profiting from both rising and declining markets as long as there is some price volatility. In a strong one-way directional trend trading robots usually don’t perform that well. You can invest in Bitcoin, Ethereum, Ripple and Litecoin – one of the most popular and liquid cryptos, and trades against EUD or EUR. Bitcoin Miner runs technical analysis on the market 24/7 and makes short-term price move predictions, and then executes trades on your behalf. 

The trading strategy is to open a large number of small trades, holding the positions for a very short time (from a few seconds to minutes). As soon as the profit target per trade has been reached, the program closes the position. Bitcoin Miner investment goal is not to make a huge profit on a couple of trades, but consistently make a small profit on as many trades as possible. 

Another advantage of Bitcoin Miner trading robot is that it is affiliated with the CFD broker. The beauty of CFDs is that you don’t have to buy the whole underlying asset. Instead, you only need enough money to cover the difference in potential price move, a so-called spread. With Bitcoin Miner and CFDs, you can start investing in cryptocurrencies with as little as $25 per trade and $100 minimum deposit. And you still benefit from the full price upside which significantly increases your return on the initial investment. 

Based on your geographical location, Bitcoin Miner will connect you tot he best available broker in your country. As we have been writing Bitcoin Miner review from the UK, we got an account with 25options, a Cyprus-based regulated CFD broker. it offers an advanced trading platform with access to the most popular asset classes including cryptos. While a broker trading platform is used by many professional traders, Bitcoin Miner users don’t have to interact with it if they don’t want to. Once you deposit funds with the broker, Bitcoin Miner will connect via API and you only need to monitor Bitcoin Miner dashboard. 

24option Review | EthereumTrading.pro

How to Start Investing with the Bitcoin Miner Trading Robot

Step 1 – Open Free Account

It is very easy to start trading with Bitcoin Miner. All you have to do to register with this crypto trading robot is to provide your name, telephone number and email address. 

bitcoin miner trading robot review open free account

Once you complete the registration, verify your email address and you will be able to log into the trading room. As you can see, the trading dashboard is pretty simple and easy to use, with only key trading settings displayed. 

Step 2 – Deposit Funds

In order to start trading, you need to deposit funds with the broker. , You can use EUR, USD or GBP to top up your account with a debit or credit card, bank transfer or a number of other methods. You will also need to complete the KYC process with the broker by providing a copy of your passport and proof of address. 

Step 3 – Adjust Trading Settings and Start Investing

Before investing with Bitcoin Miner, you might want to adjust trading settings and set the following…

  • Trade Amount – the amount of money you are willing to put in each trade
  • Take Profit – the profit level that needs to be reached per each trade in order for you to close the trading position.
  • Maximum Concurrent Trades – number of trades that can be opened at the same time
  • Daily Stop Loss – daily loss at which point you will close all trading positions and stop trading for a day.
  • Daily Take Profit – profit target per day reaching upon which you will stop trading for that day
  • Maximum Daily Trades – basically a maximum number of trades that you are willing to make per day.

You can also set a number of currency pairs such as Bitcoin, Ethereum, Litecoin and Ripple which you can trade against the USD or EUR. 

bitcoin miner trading robot review trading settings

The Bitcoin Miner robot is automatically connected to the CFD broker so you don’t really need to look t the price charts or other technical tools offered by the broker. Of course, if you are interested to learn, 24option CFD broker has a number of educational resources and its representatives would be willing to help you to learn trading but you don’t need all that to trade cryptocurrencies on autopilot. That is the beauty of crypto trading robots such as Bitcoin Miner.

Is Bitcoin Miner Robot Scam or Legit? Our Verdict

Bitcoin Miner is affiliated with 24option CFD broker, owned by Rodeler Limited., a Cyprus investment firm, which unlike many other cryptocurrency robots, is actually authorised and regulated by Cyprus Securities and Exchange Commission. We have also written an extensive 24option review and strongly encourage you to read it. While we have not seen any major negative reviews or press about Bitcoin Miner robot, we always ask our readers to be careful when starting to work with the new crypto CFD broker. It is always better to start with smaller amounts and also try to withdraw some funds once you have made some profits so you can see how fast they react and respond to your queries, as well as send your money back. Cryptocurrency markets are still pretty wild so it is always better to be safe than sorry.

Another important aspect of each cryptocurrency trading robot is the quality of their trading algorithms. Of course, it will depend on the market and if the prices of all cryptos go south you won’t be able to make money. But volatility and wild price swings are always good to algorithmic and day traders. Our advice here would be same as above, to test the trading algorithms of the Bitcoin Miner we recommend starting with smaller amounts and testing different crypto pair sand different settings to see how the trading robot performs.

We think that Bitcoin Miner is pretty legit and does not look like a scam, especially given a fact that it is affiliated with a regulated CFD broker which is based in EU.

Bitcoin Miner Review – Conclusion

After completing this Bitcoin Miner review we can conclude that this crypto trading robot is very similar to others such as Bitcoin Code and Ethereum Code which we have covered in previous reviews. The big advantage is that is affiliated with EU-based regulated CFD broker. The trading algorithms still need to be tested in various market condition and need to be adapted to your trading style but many people report that Bitcoin traders can make up to 1-2% per day when using automated trading systems. But as we said numerous times in every review, it is important to remember that investing can put your money at risk and you should not invest more than you are prepared to lose. Past performance is no guarantee of future results, please remember that.

But in the meantime, there are many people who make money on trading and many people who made a good fortune by trading cryptocurrencies. So take your time to learn, start small before you get confident and we are sure that you will be able to benefit from the automated trading system such as Bitcoin Miner.

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