Bitcoin Motion Review 2022 - Is It Legit or a Scam?

Bitcoin Motion
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Bitcoin Motion is a crypto trading bot that helps traders execute buy and sell orders automatically. It runs on an AI-powered algorithm that allows it to ingest market data, analyse it, and make trading decisions without human intervention.

Trading robots are fast becoming a popular way for traders to leverage technology to increase their profitability. Thousands of people worldwide already use them to execute their trades.

This Bitcoin Motion review takes a closer look at the bot, how it works, its pros and cons, factors to consider before signing up, and whether or not it is a scam.

Bitcoin Motion Summary

Minimum Deposit

€250

Fees and Commission

0.01% trade commission

Claimed Success Rate

92%

Supported Cryptocurrencies

10+

Deposit and Withdrawal Fees

None

Trading Platform

Cloud, browser-based

Demo Account

Yes

Verification

KYC

Regulations

CySEC

Table of Contents

What Is Bitcoin Motion?

Bitcoin Motion is a cryptocurrency robot that trades on behalf of its users. It relies on a complex AI algorithm that processes vast amounts of market data, uncovers relationships between various components of the data like price and volume, spots recurring patterns, and gains insights.

This insight usually comes as signals that indicate the reversal or continuation of the current market trend. It then uses this information to execute profitable trades. While a human can do everything listed above, bots do it at astronomical speeds and can sift through far data far more efficiently.

This is why the Bitcoin Motion trading software has been gaining popularity among newbies and seasoned traders. It can automate most of the trading process and generate profit with little oversight.

Who Created Bitcoin Motion?

Not much is known about Bitcoin Motion’s developer(s), and while that may impact trustworthiness, the bot’s claimed performance has drawn people to it regardless. 

So far, there have not been widespread reports of capital loss or an inability to access deposited funds. Also, because the bot works with certified brokers, users rest safe knowing their funds are in their brokerage accounts.

Nevertheless, the development team seems to still be at work in the background as the bot’s adaptability to changing market conditions infers that it is regularly updated.

How Does Bitcoin Motion Work?

Bitcoin Motion takes in live price feeds from various exchanges simultaneously, It also obtains other types of variables from other sources like investor sentiment from social media. It then compares the prices, establishes relationships between them and other data points like market sentiments and interest rates, and discovers strong correlations and patterns.

The bot spots which variables are closely tied and how they behave during periods of volatility. When a certain variable moves, the bot then predicts how the other variables tied to it will move. For example, if Bitcoin’s price and volume are positively correlated, i.e an increase in volume equals a price increase, when volume moves up, the bot will predict that price will also move up and buy Bitcoin.

Traders have the choice of two modes with Bitcoin Motion, manual and automatic. The manual mode gives you granular control over your trades while the automatic mode relies on the bot’s analysis.

Newbies usually opt for the automatic mode while more seasoned trades use the manual mode. To begin using the bot, you’ll need to input a trading strategy, which is a set of parameters or directives that the bot follows.

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Pros & Cons of Bitcoin Motion?

Pros

  • Automatic trade execution Trading
  • User-Friendly UI that newbies can use
  • Broker integration with several global brokers
  • Practice with the demo account
  • Leveraged trading available

Cons

  • Limited cryptos traded
  • 0.01% commission per trade higher than most

Key Features of Bitcoin Motion

Multiple crypto support 

Bitcoin Motion supports more than 10 cryptocurrencies, some of which include Bitcoin (BTC), Ethereum (ETH), Bitcoin (LTC), Ripple (XRP), Bitcoin Cash (BCH), Cardano (ADA), and Shina Inu (SHIB).

Multiple cryptos open the door to multiple profit opportunities.

Simple UI

Bitcoin Motion’s user interface makes it easy for newbies to get around the platform and get started with the bot. It usually takes a few days for newbies to get acclimated with the trading software, but they’re usually able to get a grasp of it pretty quickly.

Customer Support

Customer support on Bitcoin Motion is 24/7. Their team is on standby ready to help with account issues or other enquiries via live chat.

Adjustable settings

Bitcoin Motion’s manual mode is customisable. You can adjust the ideal market conditions already programmed into the bot, you can adjust the relationships between variables, entry and exit points, stop losses, and other parameters.

High success rate

A high rate of success is an important feature of trading bots, especially for newbies as they rely on the bot’s analysis to make profits. At 92%, Bitcoin Motion’s success rate is higher than most.

Factors to Consider Before Using Bitcoin Motion

Before signing up for a Bitcoin Motion account, ensure that its real word processes are suitable to your region and needs. Consider these metrics.

Deposit and Withdrawal Limits and Methods

Bitcoin Motion has a minimum deposit requirement of €250. You can deposit using a credit card, debit card, or bank transfer. Withdrawals are not subject to any limits.

User Testimonials

While there are rumours of scam trading bots on the web, Bitcoin Motion has several positive reviews endorsing it. Several independent third-party reviews show that the trading bot works to earn profits for its users.

Costs and Fees

With Bitcoin Motion, you don’t have to worry about transactional costs like commissions, withdrawal fees, funds storage charges and other expenses. The trading platform charges a single 0.01%trading fee.

Verification System

When opening a new account, you’ll need ID documents like a driver’s licence and a utility bill or bank statement to verify your account.

Customer Service

Customer support on Bitcoin Motion is available 24/7 via live chat. Agents are on standby to help set up your account and fix any issues you may face.

Affiliated Brokers

Bitcoin Motion partners with a global network of regulated crypto brokers. New users can choose brokers in their region when signing up. This way traders around the world have access to the trading bot through their local brokers.

Payments Methods on Bitcoin Motion

Bitcoin Motion’s payment methods are quite limited compared to some of its counterparts. The platform accepts deposits in major fiat currencies like USD, GBP, and EUR through payment channels such as credit and debit cards, and bank deposits.

Bitcoin Motion Markets, Assets, and Options

What assets can you trade using Bitcoin Motion?

Bitcoin Motion supports ten major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Ripple (XRP), Bitcoin Cash (BCH), EOS, USDT, Shiba Inu (SHIB), and Dash (DASH). The bot trades a financial derivative called Contracts for Differences that track the prices of its underlying cryptos.

These CFDs allow Bitcoin Motion to pair the cryptos it supports with major fiat currencies, BTC, and ETH, allowing for over 60 CFD pairs that can be traded both ways i.e. long and short.

What leverage trading options are there with Bitcoin Motion?

According to their website, Bitcoin Motion offers its users a maximum of 5000:1 leverage facility. This means that traders can borrow up to 5000x their capital to make trades. However, this value is a maximum and traders can use lower leverage which is advised as 5000 is much higher than the recommended ratio.

What are the spreads on Bitcoin Motion?

Bitcoin Motion does not state its spread directly on its website, however, reports suggest that it is quite low, given that the service charges a 0.01% trading fee.

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: there are several purported trading robots out there that are, in fact, scams. For this reason, we find it important to compare information from across the internet in our Bitcoin Motion review.

How Does Bitcoin Motion Compare?

The major decider between trading bots is how successful their algorithm is and how consistently they can generate profit for their users. Bitcoin Motion has a success rate of 92%, placing it ahead of several other popular crypto bots.

Other robots like Immediate Edge and Bitcoin Up offer a similar automated experience but Bitcoin Motion’s algorithm outperforms most others.

Is Bitcoin Motion Legit?

The quickest way we check the legitimacy of a bot is by looking at its satisfied customers via reviews and customer service.

User Reviews

We searched out genuine reviews from people who have used Bitcoin Motion. We always expect reviews to be mixed, but there were a significant number of positive reviews to back up the trading bot.

Customer Service

We reached out to the customer service team and got quick responses. They helped with our enquiries and their answers were satisfactory.

Our findings from researching online reviews and testimonials show that Bitcoin Motion appears to be a reliable trading bot and is easy for new traders to use.

Is Bitcoin Motion Safe?

Bitcoin Motion uses SSL encryption on its website with up-to-date certificates. The platform also ensures users pass KYC before operating a fully functional account.

Other partners are also regulated and have their security measures, ensuring that client funds are safe and in a regulated environment.

5 Reasons to Use Bitcoin Motion for Trading

Here are five reasons why Bitcoin Motion may be suitable for your Bitcoin trading needs:

High Success Rate

This is probably the most compelling reason to use the Bitcoin Motion trading platform. At a 92% success rate, the bot is one of the highest. User reviews corroborate the trading bot’s success rate.

User-Friendly Interface

Beginners need to be able to get started as easily as possible. Bitcoin Motion’s simple user interface makes it the perfect option for beginners. Users can get a hang of using the bot in no time. The demo account also helps.

Wide Range of Cryptocurrencies

Unlike several Bitcoin-only bots, Bitcoin Motion trades over 10 cryptocurrencies including BTC, ETH, XRP, DASH, SHIB, and BCH. Because the bot trades CFDs, the number of instruments may be significantly more than 10 depending on the pairs.

Customer Support

The team at Bitcoin Motion is always available to answer enquiries and technical assistance via email and live chat 24/7.

Automated Trading

Bitcoin Motion is fully automated. Once you set your trading strategy, it executes it verbatim, allowing you time to focus on other tasks.

Has Bitcoin Motion Ever Appeared On TV?

Bitcoin Motion is fairly new compared to some of its peers. As such, they focus mainly on online marketing. While they have made impressive strides in that department, they have mostly steered away from TV appearances.

Has Bitcoin Motion Ever Been Endorsed by a Celebrity?

In this section, we explore whether or not Bitcoin Motion has been endorsed by a celebrity or if there are any well-known people that have made Bitcoin Motion Reviews.

Richard Branson

The Virgin Group founder is a fan of cryptocurrencies but has not endorsed or mentioned Bitcoin Motion, according to our research.

Elon Musk

Tesla’s CEO is famous for his involvement with cryptocurrency, most especially Dogecoin. However, there are no records of him endorsing Bitcoin Motion.

Mark Cuban

The Shark Tank billionaire has also been deeply involved with crypto and crypto-associated projects. But similar to Elon, Mark has not endorsed Bitcoin Motion.

Snoop Dogg

Snoop Dogg is an American rapper known for his music and involvement in NFTs and the metaverse. However, we did not come across any reliable source that indicates that he endorsed trading with Bitcoin Motion.

Tips for Using Bitcoin Motion Safely and Managing Risk

It's important to be safe and responsible when using trading bots to minimise the possibility of loss. Here are a few tips to help you achieve that:

Use a Strong Password

Secure your account by using a strong password, ideally one with alphanumeric characters. Also, turn on two-factor authentication to add extra security. If you have issues remembering your passwords, use a password manager. Strong passwords reduce the likelihood of an attack.

Don't Invest More than You Can Afford to Lose

There are no guarantees in trading. The claimed success rates are not a guarantee. The cryptocurrency is volatile and can change rapidly. Make sure you only invest money you can afford to let go.

Practice Proper Risk Management

Always use a stop loss when trading, especially with bots that execute trades in a fraction of a second. Stop losses protect you when the market moves against you by closing your position before your losses compound.

Use Certified Bots

The crypto trading bot space is rife with scams and dubious products. Ensure that the bot you use is from a legitimate company. Aside from scams, some trading bots run on wonky algorithms that don’t work properly. Always backtest against market data to ensure your bot functions well.

Trading Strategies and Algorithms

Automated Trading

Bitcoin Motion trades around the clock when in automatic mode. Traders can deploy strategies at all hours and do not need to stay awake to ensure that their orders are carried out, provided they set them correctly.

News and Trend

Bitcoin motion can take advantage of market volatility which usually happens in reaction to important news events. The bot can identify price trends before they pick up steam and set positions.

Arbitrage Trading

Bitcoin Motion can be programmed to scan the prices of supported cryptos across various exchanges and take advantage of price discrepancies.

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

To begin using the Bitcoin Motion trading system and start your trading journey:

1. Register for a trading account

The signup process requires your first name, email address, phone number and password after which you’ll be required to verify your account. Submit KYC documents like a government-issued ID and a utility bill or bank statement that clearly shows your name and address.

2. Select a broker

After verification, you’ll need to choose a crypto broker. Bitcoin Motion partners with affiliated brokers that provide the trading terminal that connects to the trading bots. These brokers are usually regulated by the Cyprus Securities Exchange Commission, but you can run a background check just in case. Sign up for a broker of your choice and add a deposit method such as a bank account.

3. Develop a trading strategy

If you’re a newbie, create a trading strategy using the basic parameters: entry level, exit level, and stop loss. You may also want to try the demo account first to ensure your strategy is functional before deploying it on a live account.

4. Make a deposit

You’ll need to deposit funds into your account to use the bot. The minimum amount is €250. You can deposit using a bank transfer, a credit card, or PayPal.

5. Set up automatic trading

Setting up automatic trading means letting your bot trade with the parameters set laid out in the trading strategy. For newbies, this involves selecting the automatic trading mode. 

Can I Use Bitcoin Motion in my Country?

Can I use Bitcoin Motion in the US?

No

Can I use Bitcoin Motion in the UK?

Yes

Can I use Bitcoin Motion in Australia?

Yes

Can I use Bitcoin Motion in New Zealand?

Yes

Can I use Bitcoin Motion in Germany?

Yes

Can I use Bitcoin Motion in South Africa?

Yes

Can I use Bitcoin Motion in Switzerland?

Yes

Final thoughts on Bitcoin Motion

Bitcoin Motion is a trading bot that runs AI-powered algorithms to analyse market data, spot trends, and execute profitable trades. It works strictly with cryptos like Bitcoin, Ethereum, Ripple, and Litecoin.

Its most compelling feature is a 92% success rate according to online reviews where users claim that the bot is profitable enough to warrant consistent usage. However, the success rate is not a guarantee as an above 90% win rate is rare, even for trading bots. 

Aside from the high claimed success rate, the Bitcoin Motion platform excels in its customer support which is available 24/7 and its simple user interface which can be used by newbies with no prior trading experience.

Bitcoin Motion collaborates with brokers around the world to deliver its services to people in various geographical regions. These brokers are usually regulated but it wouldn’t hurt to confirm before signing up with them.

When signing up, ensure you have the appropriate KYC documents listed in the How to Use section above. Also, remember that the minimum deposit is €250. You’ll need to deposit before you’re given access to the live account.

You may use the demo account without depositing as it is freely available to all account holders.

Other similar bots reportedly making a difference include Bitcoin Future, Bitcoin Revolution and Bit Index AI.

Frequently Asked Questions

How much profit can I expect through Bitcoin Motion?

This mostly depends on your invested amount and the time you spend. Bitcoin Motion claims users make as much as €2,000 daily within the crypto market, but this would be very difficult to achieve without a huge investment.

Can I use Bitcoin Motion on the go?
Although there is no dedicated mobile app, users can still access the service through a mobile web browser.
Can I look at some of the current users’ results before investing?
Yes, Bitcoin Motion displays the results of some of its patrons on its website.
I think I need more information. Who do I contact?
You can sign up on the Bitcoin Motion website, and an accounts manager will contact you who can answer your queries.
What is the minimum investment I need to start using Bitcoin Motion?

There is usually no minimum investment required to trade crypto, but Bitcoin Motion imposes a €250 minimum deposit.

Do I need to pay to use Bitcoin Motion?

No. You do not need to pay to use the Bitcoin Motion software. It is free.

What fees do I pay to use Bitcoin Motion?

The only fee you pay to Bitcoin Motion is the 0.01% trade commission. However, the affiliated broker may charge you so you’ll have to check with them also.

What does Bitcoin Motion do?

Bitcoin Motion will automatically trade Bitcoin on behalf of its users using AI-powered algorithms to spot optimal points for buying and selling.

Is there a Bitcoin Motion app?

Bitcoin Motion does not have a mobile or desktop app. Its bot is browser-based and integrated with an MT4 trading terminal.

If you're looking for the best crypto apps check out our guide.

Can you make money with Bitcoin Motion?

Yes, you can make money as long as your strategies work well. Before live trading, test them first on the Bitcoin Motion free demo account.

Is there a demo trading account on Bitcoin Motion?

Yes, Bitcoin Motion allows demo trading. This means you can learn how to use the software and test your strategies before you begin trading.

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