Bitcoin Digital Review 2024 - Is It Legit or a Scam?

Who Created Bitcoin Digital?

Bitcoin Digital was reportedly created by Takuma Nagatomo, a Japanese computer prodigy who grew fond of cryptocurrencies and the blockchain technology shortly after Satoshi Nakamoto released the Bitcoin white paper.

Nagatomo had prior experience developing trading software for large companies that dealt with the traditional financial market and sought to bring such software to the cryptocurrency world.

At the time, only Bitcoin seemed stable and established enough among the crypto coins that existed, and that’s why he chose to focus on trading the currency solely.

Key Features of Bitcoin Digital

Payouts

The first thing you will notice once you visit the official website of Bitcoin Digital is the long list of daily and weekly payments made to various users.

The platform has a habit of publishing some of the best performers based on the amount paid, and you might be surprised by the kind of money some individuals make daily. Also, user feedback on various review sites confirms that these statements are indeed truthful.

Verification System

Since Bitcoin Digital is reportedly affiliated with regulated brokers, and all users must verify the identities before they can proceed to trade on the platform.

The process will require the user to upload a photo of an official ID and a utility bill with the residence address clearly visible. If everything checks out, the account will be verified.

Withdrawal Process

The auto trader supports various payment modes such as bank transfers, crypto, credit/debit cards, third parties, and e-wallets.

Therefore as a trader, choose the most convenient method for you and proceed to make the withdrawal, which is allowed any day at any time. All requests are processed within 24 hours.

Costs and Fees

This trading robot doesn’t charge any fees and depends on spreads to make money. Therefore, all winnings will reflect on your account balance. But, when depositing or withdrawing, you may incur some costs depending on the service provider you opt to use.

User Testimonials

Our research team dedicated a few hours to find out what past users of the platform had to say and surprisingly found overly positive feedback.

Feedback on sites like Trust Pilot painted a picture of an auto trader that delivers on what it promises. The few complaints lay in the fact that the bot doesn’t support additional coins, which some users would love to explore.

Customer Service

This is another area that stood out in our research. The customer support was quite responsive. In fact, once you sign up, you will receive a call from the support desk, who will guide you on making your first deposit and trade.

This team can be accessed through email, phone call, or live chat window. The latter offers the fastest way to get help.

Affiliated Brokers

To offer its services to various users worldwide, Bitcoin Digital is reportedly affiliated with many reputable brokers regulated within the regions they operate. This is in line with various KYC and AML regulations the platforms have to abide by to provide digital assets trading.

Getting Started with Bitcoin Digital

Based on online reviews and user testimonials, Bitcoin Digital appears to be a legit auto trader.

The signup process is simple and straightforward. You will receive a phone call from customer support, who will guide you on making the initial deposit and with any other problem you may encounter on the platform.

Once you are done here, you will have to verify your account since it has to abide by various regulators for KYC and AML. As for deposits, depending on the payment mode you choose, the money shouldn’t take time to reflect in your account, and once verified, you will be taken to the trading dashboard.

Our team did place several trades on the bot to test if the high success rate claims were valid, and they were not disappointed. All the ten test trades did succeed and made them a tidy profit on their initial deposit.

The customer support team also proved responsive and helpful whenever they were needed. Reportedly, the various brokers affiliated are all regulated within the regions they operated in with licenses from the necessary authorities.

Finally, time was dedicated to checking what past users had to say about the platform online, and overwhelmingly the majority of the feedback was positive.

5 Reasons to Use Bitcoin Digital for Trading

Below are five reasons you will love using this auto trader according to our research.

Easy to get started

This platform is created with the user in mind. Minimal experience as a trader is required to get started, and all that is needed is the ability to use a computer and read instructions. By following various steps laid out, you should set up an account and start trading in no time.

Better returns than manual trading

This one is a no brainer given that you will be using an automated trader with the ability to compute millions of calculations within seconds before making predictions on the Bitcoin market. The complexity of its algorithms and the technology being used allows for fast data gathering, decoding, and unmatched decision making.

Spend less time trading actively

Another beautiful thing about this bot is that you require less than an hour a day to tweak your strategies and leave the rest of the work to the bot. This frees your schedule; therefore, you can engage in other tasks.

Trade around the clock

The Bitcoin market is active 24/7, unlike traditional markets. Bitcoin Digital will allow you to trade this market around the clock since the bot doesn’t sleep too, and this will multiply your earnings in a big way.

Access different markets through regulated brokers

Trading financial assets is quite lucrative; thus, it’s the target of many bad actors. This is why regulation is key within the area since users have to be protected at all times. By accessing various Bitcoin markets using reportedly regulated brokers, users have confidence when investing their money using this bot.

What’s the Best Way to Use Bitcoin Digital?

Ideally, Bitcoin Digital should supplement your manual trading but don’t worry if you are entirely new to trading, yet you would love to earn through trading.

The experienced trader can ease the burden of having to conduct long hours of research and reading charts by automating parts of their trading using the robot. They can set up their strategies perfectly and permit the robot to take care of the rest of the trading for them.

All they need to do is keep checking how the bot is performing depending on the market conditions and keep tweaking their strategies accordingly.

As for new traders, they can join the platform to watch and learn how it conducts trades. They can also use the demo account to practice as much as possible how to make the best of the bot while they learn the trading craft themselves.

With time and dedication, everything should start falling in place. You will realise that it’s much easier using the bot, which automates your trading and enters different markets for you compared to manual trading on a CFD platform or regular exchange, which is complex and requires a lot of time to understand.

Has Bitcoin Digital Ever Appeared on TV?

The internet is awash with Bitcoin Digital rumours appearing on top financial shows such as Shark Tank and Dragons Den. Both shows are focused on entrepreneurship and investment. Our team sought to establish if there was any legitimacy to the claims by conducting thorough research.

Shark Tank

The American show features various budding entrepreneurs who pitch their ideas to a panel of judges who happen to established business people.

If the judge likes your idea enough and believes it’s a money maker, then they will invest in your project for a percentage stake in the company. As you can imagine, there are plenty of innovative ideas that pass through there, even some based on Fintech and cryptocurrencies.

After digging through several seasons of the show, our team wouldn’t find any evidence of Bitcoin Digital ever featuring on the show.

Dragons Den

This is the British version of Shark Tank, and the show is set along the premises of its American counterpart. The idea is to offer entrepreneurs with the best ideas but without capital a chance to earn funding to bring their business ideas to life.

Our team went through several seasons of the series, and even though there were mentions of blockchain and cryptocurrencies, there wasn’t a particular feature from Bitcoin Digital.

Has Bitcoin Digital Ever Been Endorsed by a Celebrity?

Our researchers also came across rumours of Bitcoin Digital being endorsed by several celebrities. They were particularly intrigued by these claims, given how different celebrities have taken to cryptocurrencies over the years.

Maisie Williams

Williams is popularly known to many as Arya Stark, who finally managed to kill the Night King, a fictional character on Game of Thrones. Last year before Bitcoin went ballistic; she sent out a tweet asking if it was the right time to invest in the coin.

This led to speculations about her affiliations with different crypto platforms, with one being Bitcoin Digital. However, our team wouldn’t find any truth to this matter.

Elon Musk

Musk became the richest man on the planet after his net worth grew six-fold in 2020 and he continues to hold this title in 2022. This is all thanks to the Tesla shares’ spectacular performance, a company he owns a substantial stake in.

Musk is very vocal, especially when it comes to Bitcoin. He has tweeted severally about the coin, even at one time revealing he owns some coins. After a bit of research, we couldn’t find any particular moment when he endorsed Bitcoin Digital directly, even though there were pretty fantastic Bitcoin memes.

Dwyane Johnson

Popularly known as the Rock, Johnson has been hands down one of the most outstanding actors of the past few years. He is known for his work ethic, from shooting movies to running production companies and many other ventures.

He isn’t shy about expressing his opinion on cryptocurrencies and is quite strong on Bitcoin. Rumours linking him with a Bitcoin Digital endorsement turned out to be untrue as our team couldn’t find a particular incident he has promoted on the platform.

Clifford Joseph Harris (TI)

TI has been one of the biggest proponents for cryptocurrencies and blockchain technology within the Hip Hop community over the past few years.

Still, last year found himself on the SEC’s wrong side after he was asked to pay fines in excess of $75,000 for promoting FLiK and CoinSpark during their ICO, which infringed on securities laws.

TI is one of the celebrities linked with Bitcoin Digital, but we couldn’t find any evidence of this after scouring the internet.

5 Ways You Can Maximise Success With Bitcoin Digital

Over the years, our team has researched various auto traders and the trading craft itself; they have realised that unlike the popular misconception that trading is like betting, it’s not true, and the activity requires actual strategies if you are to succeed. This couldn’t be truer than when using auto traders.

Below is a list of a few things that can improve your success rate tremendously.

Start Small

Assuming you are new to trading, then it’s wise to start small. It’s not only trading but any other kind of investment you have limited knowledge of how it works. This allows you to learn the craft well and scale your earnings comfortably. In this case, it’s advisable to start with the minimum deposit of $250 and let your account grow itself.

Save Some Profits

Bitcoin Digital will offer you plenty of profits if utilised well, thanks to its high success rate. Therefore, make it your goal to save a portion of your earnings whenever possible for the rainy days. Don’t be too eager to reinvest all you earn, as you can lose it all if things don’t go according to plan.

Follow the Advice of Experts

If you are venturing into a field that you have no clue how things work, the advice of someone who understands the area helps you see around the corners. And there are plenty of these individuals within the crypto market.

Do your homework and identify a few experts with solid advice backed with evidence of success and implement what you feel is best for your trading.

Keep a Record for Tax Purposes

Now that cryptocurrencies have become so popular, various tax authorities in different jurisdictions are eager to get a piece of this elusive pie. They have seen Bitcoin millionaires’ stories and know that people are reaping profits by trading these digital assets.

Therefore the likes of IRS require all crypto traders to file taxes for profits realized while trading crypto. This isn’t easy to do without a detailed sheet of all your trades.

Only Invest What You Can Afford to Lose

Here you will have to set your greed aside and let logic prevail. Even though Bitcoin Digital offers a very high success rate for Bitcoin trades, there are no guarantees. Imagine investing all your life savings, and things go wrong; you find yourself with no savings plus a headache that won’t go away.

Our Conclusion

Lack of endorsement by top celebrities and features on top financial shows doesn’t take away the fact that may online reviews and user testimonials have reported that it is an easy to use trading platform with some good features.

Everything reportedly checks out from the signup process to making deposits, trading, withdrawing, and customer support—additionally, users have reported that the bot associates with regulated brokers to protect investors from fraud.

Reportedly, the payouts are instant, and the success rate is tremendous. Bitcoin Trend, Bitcoin Prime and Bitcoin Champion are some of the other robots that offer automated trading.