Bitcoin Lifestyle Review 2024 - Is it Legit or a Scam?

Our Investigation Result: Bitcoin Lifestyle Seems Legitimate!

Having gone through a rigorous investigation of the Bitcoin Lifestyle platform, we can assume that it is a legitimate crypto trading platform. All claims made by the platform appear to be verifiable.

If you are interested in signing up for a free account with Bitcoin Lifestyle, use the link below to start, and an account manager will walk you through the process.

Bitcoin Lifestyle Summary

What Is Bitcoin Lifestyle?

Bitcoin Lifestyle is a crypto trading robot that runs a complex AI algorithm to analyse the market and make profitable trades using statistical models. Their official website claims that their software works without needing any human intervention.

The tool has been a hot topic on some of the most popular online crypto forums. Crypto traders around the world claim that they have made a lot of profit using the tool.

Trading bots are not a new thing. They have been in use in the finance industry for years. However, they were used exclusively by large-scale trading firms like Bloomberg because of their complexity and high cost.

Signing up for the platform is completely free and there are no hidden fees involved. Bitcoin Lifestyle requires a minimum deposit of $250. This money can then be used by the platform to make profitable trades on the behalf of its users.

Who Created Bitcoin Lifestyle?

No one knows who created Bitcoin Lifestyle. However, the algorithm’s complexity and performance indicate a team of professional traders with a high level of expertise in market analytics and computer programming.

Anonymous founders are a norm in the crypto industry as their products may generate significant amounts of money and draw attention. Hence, researchers like us focus on product security, effectiveness, and overall quality.

How Does Bitcoin Lifestyle Work?

Bitcoin Lifestyle is an automated trading platform that uses artificial intelligence and deep learning models to trade the crypto market. Its main goal is to apply statistical methodologies to find hidden relationships between certain variables.

For example, price usually reacts to trade volume, either rising or falling with significant changes. The bot’s model studies the nature of these relationships and aims to predict them using cues and triggers seen in the past. It will then send trading signals to its customers.

Bitcoin Lifestyle claims to have a 90% success rate, meaning that it trades profitably 9 out of 10 times. When executing trades, the bot uses financial instruments called Contracts for Differences (CFDs) that mimic the price action of the underlying crypto.

We talk more about CFDs in a later section, however, it allows traders to execute long and short positions (bet that the market rises and falls), and access leverage.

Bitcoin Lifestyle Key Features

Demo Mode

Bitcoin Lifestyle’s demo mode is available for users who wish to test the bot in a risk-free environment. Unlike many other bots that require users to deposit funds before accessing the demo accounts, Bitcoin Lifestyle provides a demo account upon registration.

Customer Service

A trading platform is only ever as good as its customer service. In our trial of the software, we found Bitcoin Lifestyle’s help desk responsive via email and telephone.

Easy and Quick Withdrawals

Withdrawals are processed within 24 hours of filling out the online withdrawal form. There are no minimum or maximum limits.

Easy Verification System

Bitcoin Lifestyle’s account creation and verification processes are straightforward. The signup forms are short and do not ask for more information than is needed. You should be done in 20 minutes.

Mobile & Desktop Availability

Unlike many other crypto trading bots, Bitcoin Lifestyle has a mobile app. It works with IOS, Android, and computers.

How we rated Bitcoin Lifestyle

We analysed metrics that provide a realistic representation of how Bitcoin Lifestyle performs in action. We also assigned a score out of five for each category.

Costs and Fees: 5/5

The Bitcoin Lifestyle robot is free to use. There are no trading fees or commissions, deposit or withdrawal fees, or account management fees. We were not charged any fees when we made deposits into the platform.

We then submitted a withdrawal request and we received our funds in 10 hours, no withdrawal fees were taken.

User Testimonials: 2/5

Independent reviews are a popular way to measure a company’s services before buying in. Bitcoin Lifestyle has positive user testimonials across different platforms.

This shows that people have used the trading bot and found it profitable. However, some of the reviews we saw seemed falsified, so be careful which testimonials you believe.

Affiliated Brokers: 4/5

Bitcoin Lifestyle partners with several brokers worldwide to deliver its services, many of which are regulated by the Cyprus Securities Exchange Commission (CySEC). However, you do not control which broker you get as one is assigned to you during registration.

Verification System: 4/5

All new accounts must be verified. You’ll need ID documents like a driver’s licence and a utility bill or bank statement to verify your account.

How Does Bitcoin Lifestyle Compare?

Bitcoin Lifestyle is a cryptocurrency trading bot that shares some similarities with others on the market. However, each trader has distinct qualities, so you’ll want to research thoroughly before you choose a platform.

Here are some other crypto trading robots that you can review:

• Bitcoin Era: This is a popular trading bot which allows you to trade the Bitcoin market.
• Bitcoin Bank: This robot focuses on Bitcoin CFDs
• Immediate Edge: A trading bot with a global reach
• Bit Index AI: An AI bot that uses machine learning to achieve highly profitable trades.

• BitIQ: A good option for beginners.

Is Bitcoin Lifestyle Legitimate?

Choosing a trading robot can be tricky, as there are scams that you want to avoid. So, we wanted to answer the question “Is Bitcoin lifestyle legit?”.

When gauging the legitimacy of a crypto trading platform, we consider factors like the founders, security, partnerships, and customer service.

There is little information online about the founders of Bitcoin Lifestyle, which can be worrying as there is no accountability with an anonymous team.

However, Bitcoin Lifestyle’s security is not lacking as we have not come across any reports of hacks or gaps in security. Also, the platform works with brokers that are regulated by CySEC. These brokers act as a stamp of approval as they are unlikely to partner with fraudulent platforms.

On the customer service side, the Bitcoin Lifestyle platform provides adequate services that are characteristic of a legit platform. Because of the capital and manpower required to run an effective support team, we do not believe fraudulent platforms will take on the cost of doing so.

Is Bitcoin Lifestyle Safe?

Bitcoin lifestyle seems to be safe to use. There are numerous customer reviews online which praise the tool for providing high profits.

It implements SSL encryption to protect user data and its KYC procedures ensure users are who they say they are and are from approved regions.

Lastly, the company doesn’t store funds in its system. Instead, it works with brokers to store user funds. These brokers have their security measures and are regulated.

Like with any kind of investment, there is always the risk of losing your investment. This is why you should exercise caution with both your money and your trading strategy.

5 Reasons to Use Bitcoin Lifestyle for Trading

Here are some reasons to use the Bitcoin Lifestyle platform for trading:

Trade Faster

Trading bots are known for their ability to execute sub-second trades, and Bitcoin Lifestyle is no different. It can spot trends and patterns that may elude the human eye and process price data in real time.

Trade 24/7

The crypto market runs 24/7, and so does Bitcoin Lifestyle. It can scan the market perpetually for profit opportunities and execute them without user intervention. This makes it ideal for people who do not have the time to monitor trades.

Intuitive User Interface

You don’t need to be a computer programmer or an experienced trader to benefit from Bitcoin Lifestyle, newbies and regular folks can use the bot if they take the time to follow the tutorials. This software is designed to be simple enough for beginners to use.

High Success Rate

Thanks to its AI-powered algorithm, Bitcoin Lifestyle trades accurately 90% of the time, however, it doesn’t stop there. Its AI can learn and adapt to changing market conditions so users can trade choppy markets.

Machine Accuracy

Provided your parameters are accurate, Bitcoin Lifestyle will trade as programmed. It is not prone to the errors that befall humans. The bot is also not hindered by emotions, negative sentiments, or fatigue.

Best Way to Trade With Bitcoin Lifestyle

When we tested the Bitcoin Lifestyle platform, we found that when used properly, it can make crypto trading much easier. Here are some tips for using Bitcoin Lifestyle in the best way possible.

Use the demo account

A demo account is the best way to start with any trading tool. They allow you to familiarise yourself with the market in a risk-free environment and help develop the confidence you need to face turbulent conditions.

As a new trader, lean more toward the demo mode. Use it as a guide to test and refine your instincts. If the bot’s predictions are different from yours, find out why and assimilate the new information.

Next, move to the automatic trading mode. It requires you to provide your trading preferences and define certain limits like a stop loss and take profit. These parameters help you to manage risk.

The goal is to grow steadily and not rush into the market because you have a bot with a 90% success rate.

When you make significant strides with the automatic mode, begin deploying complex and hopefully more profitable trading strategies.

Use your dedicated account manager

Bitcoin Lifestyle is partnered with regulated brokers who can ensure that you get the best support possible. Their knowledge can be a great resource for your trading experience.

Ensure that you make use of your dedicated account manager. Ask them about the bot’s best features or anything you may need, as your success is somewhat linked with theirs.

Spend 20-30 minutes a day on your account

Spending 20-30 minutes a day may be all that it takes to maximise your Bitcoin Lifestyle trading experience. The bot’s algorithm does the analysis heavy lifting, however, you still need to monitor your account activity and stay on top of the latest market insights.

Keep your transaction information

You can download reports of your transactions directly from Bitcoin Lifestyle.

You may have to pay taxes on your profits, depending on where you live but you will require these transaction documents to do so.

Has Bitcoin Lifestyle Ever Appeared On TV?

Dragons Den

Dragons Den is a popular venture investment show where panellists like Debora Meaden, James Caan, and Peter Jones vet new and existing businesses vying for capital. The show has hosted many innovators and technology startup founders, but never anyone from Bitcoin Lifestyle.

This Morning

This Morning is a lifestyle, cooking, fashion and news show that hosts several guests from all walks of life.

They discuss topics relating to several disciplines, including business and finance. Despite thorough research, we did not find any episodes where Bitcoin Lifestyle was featured.

Money Saving Expert

MoneySavingExpert is a financial website that gives handy money, investment, and saving tips. While the site lists several ways to save and make money, Bitcoin Lifestyle has never been one of them.

Shark Tank

Shark Tank is a US version of Dragons’ Den with panellists like Billionaire Mark Cuban. We didn’t find any episode that features the Bitcoin Lifestyle on this show either.

Has Bitcoin Lifestyle Ever Been Endorsed by a Celebrity

Peter Jones

Peter Jones is a British tech billionaire and panellist on the British business show, Dragon’s Den. While he has been involved with tech, our research does not show any link between him and Bitcoin Lifestyle.

Richard Branson

The billionaire founder of Virgin Group is known to like cryptocurrency, but not enough to endorse it. Our research did not find any link between Richard and any crypto or crypto-related venture like Bitcoin Lifestyle.

Elon Musk

The founder of Tesla and SpaceX speaks fondly of cryptos like Bitcoin and Dogecoin, so much so that he is called the Doge father. Nonetheless, he has not endorsed Bitcoin Lifestyle.

Mark Cuban

The Shark Tank billionaire is active in the crypto space and has served as an advocate for several projects, especially NFTs. However, our thorough assessment shows no evidence that he backed or endorsed Bitcoin Lifestyle.

Tips for Using Bitcoin Lifestyle Safely and Managing Risk

Start Small

When starting, risk only a small amount of cash, ideally the smallest amount allowed, and grow from there. If you trade successfully, great. If you don’t, you don’t lose significant amounts. Trades don’t always work out in your favour, even with bots.

Save Some Profits

When you make a profit, take some out and keep it somewhere else. This way, you have some money in reserve for rainy days or in case your next trade goes awry. For instance, you can set save 50% of your profit in a savings account.

Learn about cryptocurrency

Crypto prices are driven largely by crypto narratives. Automated trading bots free up time to learn how to identify overarching narratives quickly and take positions before momentum gathers. Understanding key economic metrics and their effects on crypto also helps keep you ahead of the game.

Only Invest What You Can Afford To Lose

Do not invest in anything that places you at financial risk, even if the odds are stacked in your favour. Your first directive should be to minimise risk, even before making a profit.

Follow Expert Advice

To inform your trading strategy, we recommend listening to cryptocurrency experts to determine the market outlook for a coin you are considering trading. Often the real crypto experts aren’t represented in the mainstream media. Instead, they have their community channels on YouTube and Twitter.

Keep a Record for Tax Purposes

Governments take taxes seriously, and so should you. Keep a record of your trades because it helps you stay on the right side of the tax code. It also helps you analyse and refine your trading style.

How to Use Bitcoin Lifestyle - Step-by-Step Guide

To begin using Bitcoin Lifestyle:

1. Register for an account on Bitcoin Lifestyle

Fill out the registration form on the bot’s website with your name, email address, and phone number. You should receive a verification link in your inbox.

2. Complete Registration

Submit KYC documents like an ID and proof of address. After this, you will be assigned a broker to deposit funds to. Unfortunately, you cannot choose one. Sign up with the broker, and submit KYC documents (the same as above).

3. Decide on a trading strategy

A trading strategy tells your bot what to look for in the market. Start with the basics: ensure your entry points, exit points, and stop losses are clearly stated.

4. Practice using the demo account

Test your new strategy in the demo account to ensure it works as it is supposed to. The demo account uses real-time market data so your results should be reflected in a live market environment

5. Make a deposit

Deposit funds into your account to start live trading. The minimum deposit is $250 sent through a bank transfer, credit card, Skrill, or Neteller. Check the broker’s deposit methods and limits for more accurate details on the available payment channels.

6. Set up automatic trading

Setting up automatic trading involves formulating values for the key parameters in your strategy. Every strategy has an entry point, an exit point (also called take profit), and a stop loss.

The entry and exit points are pretty straightforward: price points where you open and close the trade, respectively. However, the stop loss is a price point below the entry level for buy trades where the bot will close your position if your trade doesn’t work out.

Stop-loss is a risk management policy determined by the amount of money you are willing to risk for every trade. A rule of thumb is to never risk more than 3% of your total account value on a single trade. Going by this, you should place your stop loss at a price where the loss will be less than 3% of the total value of your trading account.

Bitcoin Lifestyle Assets, Market, and Options

What assets can you trade using Bitcoin Lifestyle?

Bitcoin Lifestyle supports four major cryptocurrency coins such as:

• Bitcoin (BTC)
• EOS
• Litecoin (LTC)
• Ethereum (ETH)

However, the bot does not trade the cryptos directly. Instead, it trades financial derivatives called Contracts for Differences (CFDs). These contracts track the prices of tradable assets, like crypto, making them also tradable.

Traders can use these instruments to speculate on crypto price movements. They can either bet that price will rise (long) or fall (short) and use CFDs to execute these bets.

The profit or loss made is usually the difference between the contract’s opening and closing prices. For example, if a trader opens a Bitcoin long contract at $21,000 and closes it at $23,000, the profit will be $2,000.

If the price were to fall to $18,000, The same trader in the same trade would lose $3,000.

CFDs also allow traders to take advantage of leverage facilities where they essentially borrow money from their broker to set larger positions in a bid to increase profit.

What leverage trading options are there with Bitcoin Lifestyle?

Bitcoin Lifestyle offers leverage of up to 1000:1. This means that you can trade up to 1000 times more than you invested. However, you should know that the higher the leverage, the higher your level of risk. If your trades go bad, then you can lose a lot of money.

A 1000x leverage is above the industry standard in certain regions like the US. Exercise caution when trading with such high leverage.

What are the spreads on Bitcoin Lifestyle?

Bitcoin Lifestyle’s official website offers little information about the spreads. However, they do claim that the spreads are competitive.

Can I Use Bitcoin Lifestyle in my Country?

Bitcoin Lifestyle Review - Final Thoughts

Bitcoin Lifestyle is a trading bot that helps users to trade Bitcoin and other cryptos automatically. It relies on machine learning models to ingest price data, uncover relationships between market variables, and execute profitable trades.

The bot trades CFDs, allowing traders to take advantage of both uptrends and downtrends. It also provides leverage for traders to increase their profit margins without having to increase their capital.

Making deposits are easy with popular payment methods like credit cards, Skrill, Neteller, and wire transfer. Withdrawals are also easy and are processed within 24 hours.

To get started with Bitcoin Lifestyle and its 90% success rate, sign up on their website. For more details on how to get started with the bot, read our how-to-use section.

Review Methodology

We review crypto robots by aggregating various tests, reviews, and testimonies across the web, allowing us to give you a balanced view that accounts for multiple perspectives. Check out our why trust us and how we test pages for more information on our testing process.

We are aware that the internet is full of false testimonies: several purported trading robots out there are, in fact, scams. For this reason, we emphasised comparing information from across the internet in our Bitcoin Lifestyle review.