The advancements in artificial intelligence have led to its various applications and recently, it has made its way into the crypto trading world where several robots have been created that can analyse the market faster to deliver unprecedented accuracy. This reportedly gives users a greater chance of making a profit.
Bitcoin Benefit is a crypto trading robot that leverages AI. But is the robot able to deliver what it claims to? This review is a deep dive into its claims and an analysis to find out if they are true.
The Bitcoin Benefit website states that the team behind the robot met at a financial conference where they decided to develop the robot. The team is said to consist of financial experts, economists, analysts, and computer programmers.
The team says it pooled its experience to create the AI-powered robot and has been able to make large strides in its profit-making strategies.
Bitcoin Benefit boasts a 99.4% accuracy rate and claims to provide profits of $1,000 per day. These figures, however, seem unrealistically high and we don’t believe this kind of payout is possible without risking a significant amount of capital.
Breaking down barriers to crypto trading, Bitcoin Benefit says that it uses a simple verification system and that an accounts manager contacts applicants to get them verified in a few minutes.
The Bitcoin Benefit website says that it makes the withdrawal process as easy as possible, with users heading to the dashboard and placing a request. The money is sent to their registered account or card within 24 hours.
Costs and Fees
Bitcoin Benefit claims that its services are completely free and it doesn’t even charge annual fees. There are no deposit or withdrawal charges associated with the robot either.
Bitcoin Benefit has positive reviews from its users, with many claiming to be more than satisfied with its services and how much money they can make.
Bitcoin Benefit says that it has a whole team of dedicated customer service operatives, who can be reached through the website’s web form and a representative will get in touch to solve any issues.
Bitcoin Benefit uses a network of reputable brokers that place all trading orders it suggests. The brokers are said to be reputable and regulated, providing better investor security than unregulated ones.
Bitcoin Benefit has good feedback from its users, with people praising it for helping them build a small fortune. The alleged high profits, coupled with the good praise it has received, would appear to suggest the robot provides a satisfactory service.
While there are a few negative reviews too, which can cause many to question its services, Bitcoin Benefit developers say that crypto trading is not without its risk and profit on each trade is not guaranteed.
The Bitcoin Benefit team says that the software’s dashboard has been designed to be easy to use, even by people with no trading experience.
Leveraged and Short Trading
Since it uses CFDs, Bitcoin Benefit claims to offer leveraged and short trading, allowing a higher (but risky) exposure to underlying crypto value, even in retracting markets.
It is claimed that the AI looks at 22 different metrics and this is said to translate into an above-average accuracy of data, as high as 99.4%, something that is not possible manually for such high-frequency trading.
No Rest Necessary
Bitcoin Benefit is software and unlike humans, it is said to work around the clock. Users are said to be able to still make trades even if they are busy with their job or sleeping during the night.
0.01 Second Time Leap
Using advanced AI, Bitcoin Benefit claims to be 0.01 seconds faster than the rest of the competition, able to make trades earlier.
Trading robots can be useful for novices who don’t yet understand the complexities of trading CFDs themselves. A robot may give them a chance to make some profit while they learn the ropes.
Experienced traders may also have something to gain as a robot can analyse the market with a much higher level of accuracy than a human, helping them to improve their trading strategies and increase their margins.
Millionaire Marcus Lemonis stars in The Profit, a show where he seeks out potential businesses in need of funding and helps the owners reach their goals. There are rumours that the millionaire was presented with the trading robot in one of the episodes and has backed it, but no such thing happened as Bitcoin Benefit has never made an appearance.
Many people try their luck at impressing the Dragons’ Den hosts to secure funding and many believe the Bitcoin Benefit team has been able to do just that. Our team of researchers has looked at the TV show extensively and have found no evidence of the robot ever appearing on the show.
The man that formed the Virgin Group and was knighted for his entrepreneurial actions, Sir Richard Branson has talked of cryptocurrencies and some believe he has backed Bitcoin Benefit. We looked into this possibility and have found no concrete evidence so far.
It is difficult to talk about Elon Musk and not mention cryptocurrencies. He has been very vocal on social media, supporting digital assets and even sparring with people who are against them. Yet, we have not found any social media post or interview where he has said that he backed Bitcoin Benefit.
The duo behind the Gemini crypto exchange, Tyler and Cameron Winklevoss, invested in crypto early on and command a large fan following. Rumours of them using Bitcoin Benefit to further their crypto holdings are common on the internet. However, this is not the case according to our research.
Bill Gates revolutionised the personal computer industry by launching the Windows operating system. He has talked about cryptocurrencies many times but has never talked about investing in them through the Bitcoin Benefit automated robot.
Even the best trading robot provides no guarantee of making a profit, but if you keep these tips in mind, you can at least minimise the risks involved.
Bitcoin Benefit requires only $250 to start a user’s crypto trading experience and you should use this to your advantage and only invest the minimum amount at first. When you are comfortable with the profit ratios, you can then increase your investment slowly.
Save Some Profits
Don’t go about spending or reinvesting your profits as soon as you get them. Instead, try to save them. Even a small slice is good. If an unfortunate circumstance requires you to spend cash, this way you will have some at hand.
Follow the Advice of Experts
Bitcoin Benefit is a computer app and in the end, it can only analyse numbers and not account for the industry insight that experts have. It would be prudent to keep up with what they are saying by following them on their social media accounts.
Keep a Record for Tax Purposes
Paying taxes is your legal obligation and keeping a record of all profits and losses made will come in handy when you need to file your tax return. While the robot may keep a record, it is always best to have your own copy.
Only Invest what you can Afford to Lose
Trading of any kind is not without its risks and this is no different with cryptocurrencies. The best way to go about it is only to invest an amount that will not leave you unable to get by should you lose it all.
Bitcoin Benefit claims to offer services that are aimed at maximising crypto trading profits and says it stands out with its use of AI analytics. The apparently faster analysis is coupled with its network of reputable brokers.
Our research into its user testimonials shows that users claim to be making profits, according to feedback on its website and other discussion boards. This appears to show that most Bitcoin Benefit users are happy with its service.
If you would like to compare the robot with others in the industry, why not check out our reviews of other crypto trading robots like Bitcoin Prime, Bitcoin Up, Bitcoin Code and Immediate Edge.