Bitcoin Billionaire Review 2021 - Is It Worth It?
Trading bots surpass human abilities as far as computational power and market data analysis are concerned. The most efficient people in this regard rely on machine intelligence for optimal outcomes.
In a market where thousands of possible cryptocurrencies are available to be traded, knowing what to analyze might be easy, but how fast this can be done presents a major challenge. This is where bots come into the picture.
While cryptocurrencies are known to be volatile, the opportunities for profit are also huge. How do you make use of Bitcoin Billionaire? How much do I need to invest? Can I make money with this bot? All these questions and more are answered in this guide.
What Is Bitcoin Billionaire?
Bitcoin Billionaire reportedly makes a difference in the marketplace of crypto trading bots by accessing and reviewing data on each cryptocurrency to put forward the most profitable combinations for the investor.
Trading software is not under any strain as it accesses millions of data pages for clues on the best investment window. While humans get easily tired after a long day, robots can work without tiring. Also, they can get more done within a few seconds. And considering the fast pace of developments and breaking news around the globe, its almost impossible for humans trading manually to make the best investment decisions every time while trading.
Who Created Bitcoin Billionaire?
We checked online sources and the bot homepage for information on the inventor of the platform, but we couldn't precisely find its creator. Still, we are confident that only a team of investors and successful software programmers could have developed such a reportedly high-performing crypto investment algorithm.
The bot partners with leading brokers around the globe to deliver its services to investment enthusiasts. And, you will find that brokers on the network are professionals in the investment space who are registered with regulators such as SEC in America, FSA in the UK, and their equivalents outside these jurisdictions.
Start Trading in 3 easy steps
Opening an account on Bitcoin Billionaire is free and requires one to provide their full official names, a phone number and email address, and then set a strong password.
For most brokers, you can only deposit after you have confirmed your new account. While the minimum deposit is specified, the mode of depositing will depend on what is available.
You should now take a few moments to properly set your risk management limits and then you are ready to begin trading with Bitcoin Billionaire.
Pros & Cons
Key Features of Bitcoin Billionaire
In our research, we found out that several users of the bot claim to make up to €200 weekly while others make as much as €500. But, we believe the payout one gets depends on the amount invested, experience and proper risk management. That said, these figures stated on the bots website are much more realistic than those advertised for many other similar products.
To open an account, you will have to give your full official names, phone number, and email address since verification will require you to provide an official identification document like an ID or driver's license. Additionally, to link a bank account for withdrawal purposes, you will have to give an account where the details match that of your ID. This process is vital if you are to get your account verified and withdrawals enabled.
The withdrawal process requires that you first have a verified account. This is the case with most brokers. You also need to set your withdrawal preferences i.e., the withdrawal frequency, amount, and method prefered. Once this is done, you only need to log in at intervals to submit a withdrawal request, which is processed within 24 hours.
Costs and Fees
As a leading crypto bot, expect to have only standardized fees for your transactions. While you are going to pay some fees depending on your withdrawal method and service provider, this is often minimal. While making withdrawals, the default rate starts from $5, and most people pay this amount as the regular fee for withdrawals under $1,000. Apart from this, each trader can keep all profits and withdraw everything.
Bitcoin Billionaire homepage has a lot of testimonials. Many people who have benefited from this investment bot have shared their experiences with excitement. The array of positive reviews is a plus as it indicates the legitimacy of the platform.
Channels for customer service interface include email and phone calls. On activating your new account, expect calls from an account officer who will provide a quick interaction and walk you through the bot. You can also send messages on the app from your account dashboard with the chat feature when you start trading or in need of any clarification.
The bot works with affiliated brokers across several countries around the globe. Most brokers are regulated in their operational territories, and they provide a safe gateway for many users to access the bot. With the brokers providing access for users to trade, the bot is in the background getting the job done.
Is Bitcoin Billionaire Legitimate?
Scams are common within the crypto sphere; that’s why when many come across something that promises astronomical returns with minimum effort, they can't help but be sceptical. In our research of Bitcoin Billionaire, we tried to establish the legitimacy of this bot by scurrying the internet for several hours. We found the platform had numerous user testimonials attesting to a positive experience and the brokers that we were referred to were reputable and regulated.
5 Reasons to Use Bitcoin Billionaire for Trading
Bitcoin Billionaire has built an excellent reputation within the crypto trading space for good measure. Below we will take a look at a few reasons why;
1. High Returns
High returns on investment is a major attraction with the bot. With some users on the website reporting as high as 50% return or more each week, the ROI is considered excellent.
2. Faster and More Efficient
Compared to human computing power, trading software is by far superior in speed and efficiency.
3. Easy to Use
With the efficiency of the bot comes the ease of use. No sophisticated knowledge is needed to access and use the crypto trading software.
4. Optional Funding Methods
Since some users might find it easier to fund their accounts using a particular method than another, the optional funding methods are a big plus.
5. Entry and Exit Without Limitations
You are free to open an account and close it at any time. Also, there are no limitations on when to withdraw your investment and profits.
What's the Best Way to Use Bitcoin Billionaire?
Bitcoin Billionaire is reported to be an automated trading robot that offers an easy way to study how an investment works for the new user. The site claims that there is no need to read charts or even try to understand any trend before an investment is made. This is undoubtedly a big plus for newbies who have to struggle with jargon and processes in manual crypto trading. What's more? CFDs are even harder to grapple for many new and even experienced investors.
Has Bitcoin Billionaire Ever Appeared On TV?
In our study, we came across numerous rumours that linked the trading platform to several TV shows. Many believed that the bot had featured on investment shows; therefore, we sought to find the truth.
The commonly reported TV program for crypto trading bots is Dragons Den. The TV show is geared towards business minds who are looking for funding to jumpstart their entrepreneurial ambitions. We checked available online sources, and we did not find any evidence that this trading robot has been on the show. In the same vein, we did not find any claim on the bot homepage that authenticates the rumour.
Shark Tank is the American version of Dragons’ Den. The show features aspiring entrepreneurs from around the globe who pitch their business ideas to a panel of investors and try to persuade them to invest in them. As such, there were rumours the creators of Bitcoin Billionaire had at a time sought to raise funds for the trading software through the show. However, our search didn’t yield any results of this. In the eleven seasons of the show so far, we couldn’t find a single episode where the bot was pitched to the investors; therefore, we believe this rumour is false.
This show features entrepreneurs with awesome ideas working along with established CEOs within the tech industry. It follows a tech incubator that is focused on accelerating the growth of new startups by offering the capital and guidance they need to succeed. As such, Bitcoin Billionaire being an excellent trading bot, has been rumoured to have been part of the show that airs on Bloomberg TV. But our intense research wouldn’t find any legitimacy to this claim, so we dismiss it as false.
Has Bitcoin Billionaire Ever Been Endorsed By a Celebrity?
This global boxing legend made history in 2019 as the oldest welterweight champion. He launched a crypto project some years back and has been linked to one or more crypto projects over the years. There were claims of him endorsing this trading robot, but we couldn't find any truth to them after doing some online search.
This Hollywood legend is a global celebrity whose name packs a punch with lots of excitement. He has been reported to hype one or two crypto projects in recent years. We scoured the internet for reliable sources that link him with Bitcoin Billionaire. We can safely say that the rumours are not true.
This legendary boxing champion promoted one or two crypto projects in 2018, and since then, it is common to have his name linked to a crypto initiative. While Bitcoin Billionaire has no image or mention of Floyd Mayweather in its portal, some reports made the rounds linking him to the project. We could not find any credible linkage between the pugilist and the bot.
Snoop Dogg has ruled the airwaves with his quaint songs for more than two decades now, and he is, therefore, a recognizable name and voice. Despite rumours linking him to several crypto projects, only a few might be true. As for this auto trading bot, there is no endorsement by Snoop that we could find or confirm online.
5 Ways You Can Maximise Success With Bitcoin Billionaire
Automated trading bots have a great appeal, and with Bitcoin Billionaire, there are some tips you can use to have the best results.
You can never be wrong when you start with a small investment and gradually increase it. No one should splash all personal earnings on any investment that is barely understood. When you make gradual progress, you are more likely to understand what you are doing.
There are many sides to starting small that are worth highlighting. The minimum deposit required for Bitcoin Billionaire is €250, and to many investment advisors, an investor should build a portfolio gradually and avoid getting into colossal losses in new terrain. When you build your portfolio over time, you will be able to learn valuable lessons and minimize your risk.
Save Some Profits
When there are high returns on investment, most people want to compound their portfolio and make the optimum returns quickly. While this is also understandable, each investor is advised not to shy away from taking some profit.
While not a rule, an investor can take up to 50% or more of weekly profit and reinvest the other half. Others are also happy to take all profits and keep the capital going. This approach also works as it is often said that a bird in the hand is worth a dozen that you are yet to entrap.
Follow the Advice of Experts
There are experts in every country, and as an investor, you can learn from them. Even if the experts you admire are overseas, you can follow them on social media and heed to their advice. Listening to experts is one way to learn quickly, and with so much information available in the public space, you can make some progress by following it.
Keep a Record for Tax Purposes
Whether you are investing hundreds of dollars or millions, you sure need the benefit of record keeping. In this instance, we are referring to the tax impact of your cryptocurrency investment. While trading might lead to higher transaction volumes in your bank statements, it does not all translate to taxable income. This is where you can avoid paying higher taxes than necessary. You need your investment invoices and documented evidence of your payouts. Without these, your tax advisor cannot put in enough representation to get you the reliefs that can alleviate your burden.
Only Invest what you can Afford to Lose
It's not uncommon for people to lose a large chunk of their investment when things go south. Due to this, we recommend that you shouldn't invest what you cannot afford to lose. While what a person can afford to lose is best known by the individual, the lesson here is that you should never invest more than you are comfortable with. In some cases, the lure of massive returns can lead to overexposure to a specific investment whose failure can spell doom or lead to bankruptcy.
In the fast-paced world of crypto trading, metrics and data are continuously changing, which explains why many people can hardly keep up.
As an automated cryptocurrency trading platform, which Bitcoin Billionaire claims to be, trading would require a lot less effort. Where many people find it difficult to read charts and analyze news reports and data, trading bots get all that into perspective, plotting the best investment trajectory.