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Bitcoin Miner

Bitcoin Miner Review 2021 - Is It Worth It?

Author: Saad Ullah

Cryptocurrencies are infamous for their volatility and non-stop trading. To capture the price discoveries and make profitable trades, people have to be alert all the time, which is not physically possible. 

Trading robots such as Bitcoin Miner claim to make the lives of crypto investors easier by making all trades automated. All it asks users is to sign up, deposit money and select the risk level they are willing to take.

With claims of high returns and fully automated trading using artificial intelligence to make decisions, Bitcoin Miner says that it is much better than the rest of its competition. Let’s explore the bold claims and see if this is true.

What is Bitcoin Miner?

The developers of Bitcoin Miner state that their trading robot is better than the rest as it apparently employs an advanced AI that goes through different crypto signals to determine the best time to either buy or sell cryptocurrencies.

According to the robot’s website, these signals are then passed on to different brokers that perform the trade on their behalf. Quick analysis and speedy trading are what the webpage says is the secret behind its profitable actions.

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Who Created Bitcoin Miner?

The Bitcoin Miner webpage has no information on the creators or the developers of the robot, therefore there is no way to find out which industry experts are responsible for its development and what expertise do they possess.

The page does claim that the robot’s affiliated brokers, the ones that execute trades, are regulated in different countries, including the US, UK, South Africa and Australia. There is no list of the brokers and it is hard to substantiate this information.

Start Trading in 3 easy steps

1. Open a Free Account

Bitcoin Miner claims opening an account is free and all it apparently requires is a user to enter their username and an email address to signup. There is no cost claimed by the developers of any kind to operate the account. The brokers, on the other hand, might have limitations or requirements such as ID verification and KYC.

2. Make a Deposit

Bitcoin Miner says that only $250 needs to be deposited at a minimum to start trading. According to the robot’s page, users have a wide selection of methods that include credit and debit cards, supported cryptocurrencies, electronic fiat wallets and wire transfers. Bitcoin Miner also says it does not have any charges associated with deposits.

3. Start Trading

With a deposit done, Bitcoin Miner states that users only need to define stop losses and take profits limits that suit their investing risks. They claim that the trading robot uses its AI to make decisions on buying and selling, using several trading signals that it supposedly constantly monitors.

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Pros and Cons of Bitcoin Miner?

Pros

Instant Registration: All that Bitcoin Miner requires is a full name and an email address to register.
Free: Bitcoin Miner doesn’t ask for any kind of registration or annual fee. All trades are free with only a slight 2% commission to be paid to the underlying brokers.
Demo: Users can trade in a demo environment to see how their money is invested and how much profits can they make before committing any money.
Funding Methods: A wide variety of funding sources, wire transfers, cards and crypto can be used.
One-Click Trading: Users can just click on automated trading and the trading robot says it will take care of all buying and selling.

Cons

No List of Brokers: While Bitcoin Miner claims its brokers are regulated, they do declare which brokers are these and there is no way to substantiate the claim.
Unknown Developers: Bitcoin Miner developers are unknown and without any information on these, it is hard to know how good the professionals really are in the industry.
Security: Apart from a web-based SSL security, there is no claim made by the trading robot to make it secure.

Key Features of Bitcoin Miner

Trading robots are a rage these days and Googling will give several results, each claiming to be the best. Bitcoin Miner also says this and states several features that set it apart:

Payouts

Bitcoin Miner says that payouts through its robot are easy. Yet, there is no information available on what is the minimum payout or and time requirement. With brokers being used to make the trades, it can be assumed that the payouts will largely depend on their rules, which will vary from one broker to another.

Verification System

Bitcoin Miner shows a very simple signup process, asking only for a user’s name and email address. We suspect that this is only to sign up with the trading robot. Regulated exchanges are required to have their users go through a KYC and AML process and if the claims of using regulated brokers stand true, Bitcoin Miner users will need to verify themselves if their money is to be deposited and traded on these platforms.

Withdrawal Process

Similar to payouts, there is no specific information available on withdrawals through Bitcoin Miner. There is no minimum amount or time frame mentioned. Again, we suspect that these conditions will depend on the broker that is trading on the users’ behalf.

Costs and Fees

Bitcoin Miner does say that its services are free, without any hidden charges or annual fees of any kind. On that note, it does mention that there is a small 2% commission on all profitable trades made. Theis commission is said to be shared with the brokers to cover their platform fee.

User Testimonials

There are no user testimonials on the robot website directly, but it does have a weblink to Trustpilot that shows a 4.5 out of 5 star rating from 160 users so far, with the majority of the feedback giving it a full excellent rating.

Customer Services

The Bitcoin Miner website doesn’t show any link or information regarding what customer support exists apart from a step by step guide to start deposits and trades. There is a mobile number, email and a UK address available on their Trustpilot page, with a few customer reviews showing that they do cater for any issues in a timely manner.

Affiliated Brokers

Since the Bitcoin Miner robot is not making any trades directly, it claims it uses a network of affiliated brokers which are said to be regulated platforms from the UK, USA, South Africa and Australia. We were unable to find a list of these brokers to see if these were actually regulated platforms or not.

Is Bitcoin Miner Legitimate?

5 Reasons to Use Bitcoin Miner for Trading

No Running Cost

Bitcoin Miner does not ask for any registration charges or an annual fee. It takes only a 2% commission on profits to pay its affiliate brokers.

Lightning Quick

Bitcoin Miner claims that due to leveraging AI, it can give brokers trading signals faster than the market can react.

24/7, All Year Round

While you will need to sleep and take time off, Bitcoin Miner does not and will continue trading no matter what time of the day or year.

Easy to Use

Bitcoin Miner says that users only need to define the risk tolerances such as take profit and stop-loss positions. The rest is taken care of by the robot. Users don’t need to understand CFDs, leverages and other complex instruments.

Emotionless

Based on 7 different metrics analyses by AI, decisions are based on cold logic and not human emotions, protecting investments.

What’s the Best Way to Use Bitcoin Miner?

Bitcoin Miner says that you can earn very high profits using it. While this may need to be put to the test, it doesn’t mean you have to risk your money testing it. The best way to use Bitcoin Miner is to not make it your main source of crypto trading. 

Bitcoin Miner does provide users with a guide to learn how to safely use and avoid losses and you should familiarize yourself with it. Start with a low amount and once you get the hang of it, you can slowly increase your invested amount. 

If handled correctly, Bitcoin Miner can turn out to be a better option than manual trading as you don’t have to worry about the intricacies of broker fees, understanding how different derivative products such as CFDs and leverage work.

Has Bitcoin Miner Ever Appeared on TV?

Trading robots have captured the imagination of people in recent years, especially given that their claim of higher than average profits seems to be true with many people said to make fortunes through these. There have been rumours of robots such as Bitcoin Miner appearing on TV and we did our own research into these claims.

Dragons Den

A popular TV show where people pitch their ideas and prototypes to get funding, the panel is known for their interest in cryptocurrencies. However, we have been unable to find any mention of Bitcoin Miner on the TV show.

Shark Tank

The Dragons Den equivalent in the United States, Shark Tank is as famous as its cousin across the Atlantic. There have been reports of crypto-related entrepreneurs on the show. Yet, we found no mention of Bitcoin Miner or their developers on the show.

Has Bitcoin Miner Ever Been Endorsed by a Celebrity?

A trading robot that claims very high profit ratios for its users, it has garnered a lot of interest and we decided to check out if any celebrity has backed it as yet or not.

Bill Gates

Founder of Microsoft, Bill Gates and his company have been influential in the tech industry. Gates, though known to be vocal about technology, hasn’t said much about cryptocurrencies and we were unable to find any confirmed report of him ever endorsing Bitcoin Miner.

Richard Branson

Sir Richard Branson shot to fame with his Virgin Group, a company that is in flight, entertainment, and other industries. The owner of over 400 companies, Sir Richard has never been associated with Bitcoin Miner.

Elon Musk

While the internet is rife with Elon Musk these days, thanks to his clear positive attitude towards cryptocurrencies and his tweets, there have been different rumours of the Tesla CEO backing different crypto-related applications. We have extensively checked all possible sources and have not found Musk ever promoting or backing Bitcoin Miner.

Michael Saylor

MicroStrategy CEO Michael Saylor is one of the most prominent personalities when it comes to cryptocurrencies. His belief in digital coins and tokens is perhaps the most famous with his decision last year to turn a large portion of Microstrategy's holdings into Bitcoin. Though he is connected to the crypto industry, there is no proof of him endorsing Bitcoin Miner.

5 Ways you can Maximise Success with Bitcoin Miner

Bitcoin Miner claims that its users can achieve a very high profit ratio but at the same time, it does warn that cryptocurrencies are volatile assets and there is always a chance of irrecoverable losses. While we agree on the possibilities of losses, there are a few ways that you can ensure you can mitigate your losses and maximise profits.

Start Small

It’s always best to be cautious and take baby steps at the start. Try putting in the minimum amount and experimenting with the different options available to see what works best for you. Slowly increase your investments only when you are confident and comfortable.

Save Some Profits

Split your profits into two parts. Withdraw some as savings or for your expenses. Keep a small amount within the app as it can come in handy if you come by an opportunity to reinvest. This will save you the time and effort required to go through the complete deposit routine again and again.

Follow the Advice of Experts

Even with its claims of advanced trading using AI and interpretation of different signals, it is a virtual machine in the end. You will always benefit from having information on when to start trading or pull out if you follow industry experts. The best way to go about is to search out who are the experts leading the market currently and follow their social media accounts.

Keep a Record of Tax Purposes

While you might be generating profits, remember that you are obligated to pay your government. Bitcoin Miner does say that it records all transactions and trades on a blockchain for transparency, but you are better off if you keep your own detailed record.

Only Invest what you can Afford to Lose

Though Bitcoin Miner claims that its use can result in very high profits, remember that cryptocurrencies are notorious for being volatile and investments can result in losses. The best thing you can do is to only invest an amount that you are willing to let go. Any higher amount and you might end up regretting it.

Our Conclusion: Bitcoin Miner

Our research into the trading robot Bitcoin Miner shows that there is ample evidence to say that the AI-powered application is what it says to be. There are positive reviews by its users and there is no suggestion of foul play.

Bitcoin Miner shines out from the rest of the competition with its use of advanced analytics, AI and a host of different trading metrics to give the best possible trade solutions for its users.

Bitcoin Miner is a legitimate product as far as we can tell and along with Bitcoin Madrid, PrimeBit Profit, Yuan Pay Group and others that we have tested so far.

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Frequently Asked Questions

  1. Bitcoin Miner just provides trading signals and it is the brokers within its network that perform the actual trade. You will need to sign up with one of these in order to start automated trading.

  2. Depending on your location, the broker that is most likely to serve you without any regulatory issues is selected.

  3. Bitcoin Miner claims that it only uses regulated brokers. You can find out what regulatory bodies the broker is complying with independently too.

  4. The trading robot is available on iOS and Android devices along with a web interface for desktop users.

Disclaimer: All testimonial photos are stock imagery and do not represent the people behind the feedback.

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