Bitcoin Champion Review 2024 - Is it Legit or a Scam?
The volatility of crypto markets is generally seen as one of the disadvantages of digital forms of money yet it has given birth to new opportunities for investors and traders to make additional profits by making accurate price predictions of a wide range of cryptocurrencies.
That being said, it’s particularly challenging for investors, brokers and traders to anticipate the price increase or decrease with critical precision as it’s dependent on a large number of factors.
That is the reason why AI-based trading bots like Bitcoin Champion are getting more and more popular with crypto brokers and traders.
Let’s find out more.
Pros & Cons of Bitcoin Champion
Pros
- Easy and intuitive sign-up and verification process
- The bot includes both automated and manual crypto trading modes
- Comes with a built-in demo account for risk-free learning
- Always accessible client care for technical support
- Easy to use interface and no mandatory knowledge of crypto trading required
- Withdrawals can be acquired within 24 to 48 hours
Cons
- Few trading features can be risky for beginners
- Minimum seed deposit of $250 may be high for certain individuals
Who Created Bitcoin Champion?
Bitcoin Champion was reportedly created by a gifted team of enthusiastic and experienced online brokers, cryptocurrency gurus and software engineers. Bitcoin Champion was created with an ambitious vision of giving everyone financial independence.
Not long after its launch, Bitcoin Champion was reportedly able to acquire a client base of thousands of people. Bitcoin Champion is reportedly credited for introducing many non-tech savvy people to cryptocurrency trading allowing them to increase their income through an easy-to-use and intuitive trading bot.
Key Features of Bitcoin Champion
Payouts
Using Bitcoin Champion allows traders, both amateur and experienced, to trade easily. The payouts are subject to several variables including the amount invested by the trader, their trading strategy and Bitcoin’s price movement. These payouts can be withdrawn through a quick and easy process of submitting a form and your payment would be transferred to your account in 48 hours.
Payouts are automated and calculated daily after a user ends a live trading session. Bitcoin Champion allegedly helps its users to make up to 60% profit, or about $600 daily from an initial deposit of $100, however, we find that this is highly unrealistic and would require a great deal of luck and incredible market movements.
User testimonials on the website and on external online platforms have also claimed to have received higher payouts by using this robot. However, new users must remember that cryptocurrency trading is a risky activity and requires expertise and knowledge of various factors that influence the markets.
Verification System
Unlike many other crypto trading apps and services which have a long and tedious registration process and verification, Bitcoin Champion keeps it simple and straightforward. Your sign up and identity verification will reportedly take no longer than half an hour of your time.
Costs and Fees
Numerous digital money trading apps and services take their cut from your profits which eats into your profit margin. Bitcoin Champion reportedly neither takes any commission nor depends on any hidden charges. Each penny in your account is yours and you can withdraw your funds any time you want.
User Testimonials
Just like other automated cryptocurrency trading bots, Bitcoin Champion also has to face the scepticism from traders about its legitimacy. Fortunately, there are hundreds of first-hand reviews from Bitcoin Power users endorsing the effectiveness of the trading bot. According to many of these reviews, even those without any prior experience were able to use Bitcoin Champion for trading with relative ease.
Customer Service
In the unlikely event that you feel lost or are doubtful about specific features of Bitcoin Champion, you have the choice to connect with the best in business customer care so you can get the help you need. They are available all day long, every day so you can find the answers and solutions you are looking for.
Affiliated Brokers
Bitcoin Champion has reportedly partnered with numerous leading brokers who have established a legacy in the crypto industry to provide its users with the option to choose from their preferred crypto broker. At the time of depositing your funds, you are provided with a list of affiliated brokers and you can make your choice. If you are not knowledgeable about brokers, it is a smart idea to do a bit of homework before you go ahead.
Is Bitcoin Champion Legitimate?
Generally, trading bots are met with scepticism, and rightly so since you are putting your hard-earned money into it. That’s why it is necessary to ensure whether the claims made by the bot are true or not. Taking everything into account, we went right from testing the algorithm, checking online reviews and reaching the client support to contacting genuine clients. Bitcoin Champion reportedly has a solid reputation as a Bitcoin trading bot based on online reviews and user testimonials. Many users have reported that it is easy to trade with Bitcoin Champion.
5 Reasons to Use Bitcoin Champion for Trading
Free Service
Bitcoin Champion is reportedly a free trading bot that doesn’t charge you any expense or commission on utilizing its algorithm. There are no hidden charges or sneaky withdrawal fee either.
Quick Deposits and Withdrawals
With Bitcoin Champion, you can get your assets inside a time limit of 24 to 48 hours after you have filled and submitted the withdrawal form.
Enhanced Trade Success Ratio
Bitcoin Champion has been reportedly created and reliably enhanced by a team of accomplished online brokers and software engineers that allows it to provide a claimed success rate of more than 97% but we feel that this is an unrealistic amount unless you have a great deal of experience and higher trading capital.
Secure Funds and Personal Information
Information breaches are very normal in the digital currency space, however, reportedly using SSL encryption and other present-day security standards, Bitcoin Champion guards you and your funds effectively.
Automated Trading Mode
With auto crypto trading mode, each type of broker including amateur financial investors can begin trading crypto without having to go through the tedious process of learning about cryptocurrency and Bitcoin trading.
What’s the Best Way to Use Bitcoin Champion?
If you have joined Bitcoin Champion to create secondary income for yourself, the best way to deal with getting into Bitcoin trading is to rely on the demo mode. It enables you to get settled with the UI and how the entire set of features work without placing your money in harm’s way. Plus, check out what experts are saying and follow their suggestions.
Being a digital asset investor, it would be smart for you to use the auto mode as opposed to going for the manual variation. It will simply ask you for your trading boundaries and inclinations. Make sure to enter your stop loss and take profit limits which will help you manage your risk.
The most prevalent methods to trade Bitcoin and other cryptocurrencies include going through exchanges or relying on brokers where you can buy and sell financial instruments such as CFDs. These methods require you to put in a lot of effort before you can start trading and you have to deal with different types of transactional expenses such as commissions, account charges, spreads, and more. On the other hand, an automated bot like Bitcoin Champion makes the whole process much easier for traders.
Has Bitcoin Champion Ever Appeared On TV?
Bitcoin Champion has been a subject of rumours in the last couple of years. Many such claims have appeared online stating that the founders of Bitcoin Champion first introduced the idea on mainstream US and UK capital venture shows. We have endeavoured to find out if there’s any truth to these accounts.
Dragons Den
Including innovation masters like James Caan and Peter Jones, Dragons’ Den is one of the most-watched ventures shows in the UK and around the world. While numerous digital money ideas have been pitched on Dragons Den throughout the show’s journey, we failed to discover any pitch that looked like the algorithm or innovation that has been used in Bitcoin Champion.
Shark Tank
Similar reports have been found on the web asserting that the original idea of Bitcoin Champion in its initial stages was pitched on Shark Tank–a US version of Dragons Den which includes huge names like Kevin O’Leary, Mark Cuban and Lori Greiner. Having said that, our examination shows that there is no evidence to support such claims.
Has Bitcoin Champion Ever Been Endorsed by a Celebrity?
The rumour mill around Bitcoin Champion has moreover created many captivating stories that the crypto bot has been endorsed by VIPs, business visionaries and financial specialists. We similarly attempted to verify these accounts.
Elon Musk
The whimsical founder and engineer who became the richest man on the planet and is known for Tesla and SpaceX was claimed to be behind Bitcoin Champion yet our assessment shows that while being a significant supporter of decentralised digital assets, Elon Musk has never explicitly voiced any endorsement for Bitcoin Champion.
Richard Branson
The owner of Virgin Group and serial business visionary has been a vocal ally of cryptocurrencies including bitcoin. However, there’s no proof to propose that he’s in any way associated with Bitcoin Champion.
Peter Jones
The technology guru and innovation master who has invested in various tech businesses over the years through Dragons’ Den was declared to have lent his support for Bitcoin Champion. It was not difficult to discover that there is no weight to these claims.
Mark Cuban
The owner of Dallas Mavericks and one of the most beloved billionaires was rumoured to have invested in Bitcoin Champion. We tried to verify the claim but there was no evidence to suggest that Mark Cuban has backed the automated trading bot in any way, strategically or financially.
5 Ways You Can Maximise Success with Bitcoin Champion
Here are several pointers that can be helpful to you in using Bitcoin Champion effectively.
Start Small
Whether or not you’ve enough income to work with, it’s never a sound idea to invest each penny from the get-go. You need to adjust yourself with the market components and how the trading bot works to ensure you’re getting the ideal returns on your cash investment. Start small with minimum investment and as you rack up your profits, increase the amount of your capital investment in a gradual manner. This will ensure slow but steady improvement in your crypto returns without risking all of your capital.
Save Some Profits
At the point where you are getting decent enough returns, it might seem like a smart idea to put all of your profits back into trading. You have to bear in mind that trading is tied in with settling on informed and sane decisions instead of relying upon your emotional responses. Dependent on your investment philosophy, it’s suggested that you set aside a predefined cut of your profit as savings and use the rest as your working capital.
Follow the Advice of Experts
You don’t need to be educated about digital currencies or monetary business sectors to rely on Bitcoin Champion, however, if you are hoping to take crypto investment more seriously, you’ll need to make yourself aware and more knowledgeable. You can start by following certain blogs and news sites like Coinbase that feature advice from crypto gurus to build up a more profound and significant knowledge of crypto trading. This will permit you to interpret the market better and place better and more precise boundaries for your trade execution.
Keep a Record for Tax Purposes
Every country has a different tax law regarding profits earned through Bitcoin and cryptocurrency trading. Generally, they are categorised as capital gains and you will have to check out how much you have to pay in terms of taxes. To make the process more convenient, it is recommended that you maintain a record of your investments and profits earned so you know the profits you have made through Bitcoin trading. It can also help you in terms of studying your trades and finding weaknesses and strengths for enhanced decision making.
Only Invest What You Can Afford To Lose
At the point when new financial investors start seeing returns, they make a significant mistake of reinvesting the sum of their profits into more trades. That is definitely not a sound crypto trading technique. Remember, there’s no guarantee that the bot will yield similar results later on whether or not its past results have been perfect. Contributing more doesn’t really guarantee more return.
Our Conclusion: Bitcoin Champion
Based on online reviews and user testimonials, Bitcoin Champion appears to be a balanced and feature-rich automated trading bot that is intended to remove all the issues associated with crypto trading. A simple user interface coupled with speedy withdrawals means that anybody can begin trading easily using Bitcoin Champion.
That said, just like you’d practice caution and restraint for risk management, the same attitude is needed here to guarantee you don’t lose the entirety of your capital. It’s a smart idea to just put up the money which you can bear to lose without having a significant effect on your financial situation.