Bitcoin Profit Review
|Support Types||Email , Chat , Telephone|
|Languages||English , German , Spanish , Chinese , Italian|
|Minimum 1st Deposit||$100|
|Minimum Account Size||$100|
|Minimum Trade Amount||$25|
|Maximum Trade Amount||$1000|
|Free Demo Account||Open Demo|
|Account Types||Basic , Premium , Demo|
|Deposit Methods||Debit & Credit Card , Bank Transfer , Other Methods|
|Withdrawal Methods||Debit & Credit Card , Bank Transfer , Other Methods|
|Trading Currency||USD \ EUR|
|Account Currency||Bitcoin , Ethereum , Litecoin , Ripple|
|US Traders Allowed|
- 80% Trade Accuracy
- Fast Execution Speed
- Competitive Spreads
- No Mobile App
- Limited Number of Cryptos
What is Bitcoin Profit Trading Robot
In 2017, when the price of Bitcoin skyrocketed almost 1,900% in a matter of months, it attracted the attention of many individual investors and the general public. Bitcoin, Ethereum and other cryptocurrencies came out of a shadow and became a widely accepted asset class same as forex, stock, indices, ETFs and other traditional investments. Such a massive price increase resulted in even more investors pulling money into cryptos which ended up with a price burst. At the beginning of 2018 the price of Bitcoin dropped significantly but since then has recovered and currently trading at around $14,000 level. Today the cryptocurrency market capitalization reached almost $300 billion and many traders take advantage of the price volatility making huge profits on a daily basis. Today, there is a large number of options available to individual investors who want to invest in Bitcoin and Bitcoin Profit is one of the most popular options, especially among beginner traders. So what is the Bitcoin Profit and how it works?
Bitcoin Profit is a cryptocurrency trading robot, or automated trading system, that allows investing in Bitcoin, Ethereum, Litecoin, Ripple and other major cryptocurrencies on autopilot. Bitcoin Profit is essentially a computer program that runs trading algorithms and analyses Bitcoin price charts based on technical analysis. Based on technical indicators, Bitcoin Profit trading robot predicts the price moves and based on a buy or sell signals executes the trade automatically. Bitcoin Profit algorithm is designed to profit from the wide price moves and can make money in both rising or declining market. This trading robot makes a large number of small trades per day holding the positions for a very short period of time, from seconds to minutes or sometimes hours. Once the profit target per each trade is reached, the program closes the position to crystallize the profit. Bitcoin Profit algorithm is also designed to minimise losses and if the trade does not go according to plan it automatically closes the losing position.
Cryptocurrency trading robots such as Bitcoin Profit are ideally suited for beginner traders as it intuitive trading terminal, it is very easy to open an account and set up a trading strategy with no previous experience required. It also allows starting trading with very low minimum investment amount and investors many investors are making up to $2,000 profit a day on autopilot.
So how ordinary investors can join the crypto game and start making a profit from trading cryptocurrencies? We have completed this Bitcoin Profit review to guide you through the process.
Ways to Invest in Cryptocurrencies
First, we would like to briefly explain what are the options available for individual investors and what are the differences between the most popular ways to invest in Bitcoin and other cryptos.
Bitcoin Profit Review
As Bitcoin start gaining in popularity back in 2017, many software companies start developing cryptocurrency exchanges to allow investors trade cryptocurrencies with each other. Most of the crypto exchanges have hundreds of tokens listed that investors are able to trade. When investing in crypto exchanges, investors buy an underlying asset (Bitcoin, Ethereum or others) and stores them in a digital wallet. As there are thousands of investors trading on the exchange, they usually pull together clients’ asset together on the exchange’s digital wallet. Unfortunately, that presents a major security risk as over the last few years many exchanges have been hacked with clients’ digital assets being stolen. Given the anonymous nature of Bitcoin, once the crypto got stolen, it is almost impossible to trace and return them back. Most of the crypto exchanges have advanced trading terminals which makes it difficult for those who do not have any prior experience in trading or investing.
CFD brokers have been around for many years and very popular among individual investors, especially those who trade forex (and cryptos fall under forex asset class). CFD brokers are most often regulated financial institutions that do not require investors to buy an underlying asset class but give them an opportunity to bet on a price move and profit from it. Unlike crypto exchange when investors need to pay full price for the underlying asset, CFD brokers require you to put enough money just to cover the price difference or spread. That is why it’s called Contract for Difference. So you can start investing with as little as $25 per trade but still benefit from the full price upside. CFD brokers have advanced trading terminals designed by professional traders, robust risk management systems, have fast execution speed and competitive spreads. Because CFD brokers do not require you to buy an underlying asset, there is also no risk of them being hacked. They also allow connectivity of automated trading systems, such as Bitcoin Profit, which means you can automate your trading operations and trade on autopilot.
Trading Robots or Automated Trading Systems
Until recently, trading robots have been available only to large institutions but with the development of technology now individual investors can benefit from this solution too. Trading robots are essentially computer programs designed by professionals traders. They analyse the price moves based on technical analysis with computer programs executing the trades as well. Trading robots such as Bitcoin Code make a very large number of small trades and hold their positions for a short period of time. They remove the emotional element too which means trading positions are opened and executed at the best time. While you can not expect to make money on all of your trades with the trading robot, its goal is just to make more winning trades than losing ones on average in order to finish the day in profit. Bitcoin Profit is one of the most popular trading robots currently available with many individual investors taking advantage of its trading algorithms to make a profit on a daily basis.
Bitcoin Profit Features
As Bitcoin Profit trading robot works with the CFD broker, upon registration it will automatically open an account with the broker as well. Based on your geographical location it will choose the best CFD broker that is available based on your country of residence. As we have been registering out of UK when writing this Bitcoin Profit review we have been connected to Olympia Markets CFD broker.
Olympia Markets runs a cloud-based powerful trading platform, has an advanced security system and fast execution speed. This broker is not regulated and is registered in Estonia, the country in the European Union. While some investors might be concerned that the broker is unregulated we don’t see it as much of a problem. It is important to remember that none of the crypto exchanges is regulated, so as many brokers that specialise in cryptocurrencies. However, Olympia Markets are located in the EU and seems like a solid and reliable trading platform.
Olympia Markets offers access to a large number of trading assets, has competitive spreads, fast execution speed and powerful trading terminal. For those who do not have experience in trading, Olympia Markets also provides educational resources and training. The broker also offers a 24/7 support available via email, chat a telephone.
As we mentioned earlier, Bitcoin Profit works with a number of CFD brokers and will connect you to the best trading venue based on your geographical location. It allows you to trade cryptocurrencies on autopilot and is ideally suited for beginner trader due to its intuitive and easy to use platform and reliable trading algorithms.
How to Start Trading with Bitcoin Profit Trading Robot
Bitcoin Profit is ideally suited for beginner traders who do not have previous investing experience and don’t want to spend a lot of time learning the nuts and bolts of investing and designing trading strategies. It is very easy to open an account with Bitcoin Profit trading robot and start trading.
The whole process can be completed in 3 easy steps.
Bitcoin Profit Review
Step 1 – Open an Account
First, you need to register and open an account by providing your name, email address and telephone number. Upon registration, you will also automatically get an account with the broker so you don’t have to register twice. Please remember to put the correct contact details as, after you register the customer service representative will contact you to help finalise the account set up. This can be quite helpful for those who start trading for the first time and can save a considerable amount of time.
Step 2 – Deposit Funds
Once registered, you will be able to log into the Bitcoin Profit trading room which, as you can see, if very simple and easy to use. However, in order to start trading, you will need to first deposit some funds and can do so by using various payment methods such as debit or credit card, bank transfer or other available options. You will also need to complete a KYC and AML process and submit a copy of your passport and proof of address. If you are unsure what to do, the customer service representative can guide you through the process and help with all that.
Step 3 – Adjust Trading Settings and Start Trading
Once you register an account and deposit some funds, you are ready to start trading. But before you start trading, you need to adjust basic trading settings. You can set the Trade Amount, Daily Take Profit, Daily Take Loss, Take Profit amount per each trade and Maximum Daily and Concurrent Trades.
With Bitcoin Profit, you can invest in Bitcoin, Ethereum, Litecoin, Ripple and trade these cryptos against USD or EUR. You can also choose with currency pairs you trade as well.
Can you Make Money with Bitcoin Profit?
It is reported that day-traders using trading robots such as Bitcoin Profit can make up to 3-4% in daily profit, or 30-40% a month, in stable market conditions. Many investors report that they are able to generate up to $2,000 a day in passive profits when trading with Bitcoin Profit or other similar robots such as Bitcoin Evolution, Bitcoin Trader, Bitcoin Code and similar ones.
The good thing about Bitcoin Profit is that before you start trading with real money you can practice in Demo Account with $1,500 in virtual cash. We have tested the trading strategy and within half an hour have made $650 in profit with trade accuracy of 80% winning trades. That is not bad for 30 min work!
But please also remember about potential risks. No one can guarantee that you will make money 100% of the time and sometimes your investment can go down in value. You have to be extremely careful when trading with leverage especially in such a volatile market as cryptocurrencies. So please take time to learn and do not invest more then you are prepared to lose.
Is Bitcoin Profit Scam or Legit? Our Verdict
Our review shows that Bitcoin Profit is a reliable trading robot and you can make money with it. It is connected to CFD broker registered in the European Union and provides extensive support to its investors. We have not seen any negative reviews or scam reports from investors and people generally reporting very good trading results. That said, every now and then you can come across some negative review without any substance. Unfortunately, due to a highly competitive market, some of the competition is using dirty tricks and publish negative reviews just to confuse people.
While Bitcoin Profit and it’s trading algorithms proved to be robust and reliable, it is also important to remember about potential risks involved. It is unreasonable to expect that all your trades will be profitable and you can also lose money when investing with CFDs. Investing, in general, is considered to be high-risk money activity and past performance can not guarantee future results.
The best thing to do is to start investing with a smaller amount of money before you get comfortable with the trading strategy and its results.
Bitcoin Profit Review – Conclusion
Overall we were satisfied with our results when investing with Bitcoin Profit trading robot. It offers easy to use the platform and good customer services. The algorithms were reliable and we were to make money on almost 80% of our trades. The best thing about Bitcoin Profit is that you can start investing in cryptos even without any prior experience in trading. Once you adjust trading settings, you can sit back and relax monitoring your trading activity only occasionally. You can also adjust your trading strategy at any time to suit market conditions or your risk appetite.
While we liked the Bitcoin Profit trading robot, we think that there are few things that can be improved. First, investors are only able to trade 4 cryptocurrencies and it would be good to have more digital coins on the list. Bitcoin Profit does not have a mobile app which could be quite handy, but given that all trading is done automatically and do not need to check your account often. We also heard that Bitcoin Profit is currently working on the mobile app so it could be available soon.
We would be interested to hear from our readers about their experience with Bitcoin Profit and what trading results they were able to achieve. Please send us a message or leave a comment to share your feedback with our community.