Bitcoin Power Review 2024 - Is It Legit or a Scam?
Bitcoin is still quite volatile particularly when you compare it with traditional assets like forex, and stocks. This has transformed Bitcoin trading into a challenging venture.
On one hand, these sudden changes can completely wipe out capital and on the other, traders can make a ton off of this instability if the price swing comes out to be in their favour.
A trading bot like Bitcoin Power uses an algorithm to find out these small windows and executes orders in an endeavour to acquire robust profits.
Can Bitcoin Power accomplish that goal successfully? Let’s discover.
Pros and Cons of Bitcoin Power
Pros
- Quick registration and verification process
- Reportedly free to use with no concealed expense or charges
- Always accessible client care gives needed help on time
- Withdraw your funds within 24 hours of submitting your form
- Trade all significant cryptocurrencies including Bitcoin
- Secured individual data and assets
- Demo mode for testing new trading methodologies and techniques
- Quick reaction time reportedly enables to execute trades in a small fraction of a second
Cons
- Advanced trading needs somebody with trading experience
- A minimum working capital deposit of $250 could be an obstruction for new traders
- No instant withdrawals
Who Created Bitcoin Power?
Bitcoin Power was reportedly conceptualised and engineered by a recognised team of early adopters who later became tycoons due to Bitcoin’s late success. As the fame of the cryptocurrency increased, so did the instability of digital assets and crypto tokens.
The team behind Bitcoin Power reportedly understood that they needed to automate the process of price prediction to eliminate all the obstacles of performing data analysis and deep evaluation to keep on procuring consistent profits.
The team reportedly worked with probably the most regarded names of the digital currency industry to make a robust and exceptionally effective algorithm that can reproduce the results achieved by their initial investment.
Just a few years ago, the team behind Bitcoin Power chose to release the Bitcoin trading bot public for both new and experienced traders. Reportedly, Bitcoin Power has transformed into one of the main automated cryptocurrency trading bots. You can trade digital currencies other than Bitcoin as well, for example, Litecoin, Bitcoin Cash, Ethereum, Ripple and many more.
Key Features of Bitcoin Power
Payouts
When it comes to your payout, you have to reportedly fill and submit a withdrawal form which is processed within 48 hours and your payout is made to your account. This ensures that you receive your profits quickly and in a convenient manner.
Verification System
The verification system offered by Bitcoin Power is quick and simple. A user can create an online profile in a matter of moments. The affirmation process is direct and doesn’t take long. You can start your trading within thirty minutes without experiencing complex procedures or documentation. All you need is to provide your name, phone number, email address and country of residence.
Withdrawal Process
The vast majority of the crypto bots and trading services take a long time to transfer funds to traders’ accounts. Some cryptocurrency services can take up to 7 days to pay your funds. Fortunately, that isn’t the situation with Bitcoin Power. After you have filled in the withdrawal form, it reportedly takes the Bitcoin Power team around 24 hours to transfer the funds into your account.
Costs and Fees
Numerous cryptocurrency services including trading bots, brokerage services, and crypto exchange platforms today charge commission and transaction fees at different points including deposits, withdrawals, and trade execution. This makes crypto trading an unappealing investment venture for many new traders and investors. That is where Bitcoin Power reportedly provides the ease of trading cryptocurrency by disposing of a number of costs associated with Bitcoin trading including commissions and hidden charges.
User Testimonials
Most automated trading bots have to face questions about their legitimacy and whether they can hold up to the claims they are making. As far as Bitcoin Power is concerned, it has hundreds of reviews from individuals who have relied on the bot to trade consistently. Many of these reviewers have revealed in their online reviews that they have turned Bitcoin Power into a secondary source of income to achieve financial independence.
Customer Service
We endeavoured to contact the client care of Bitcoin Power on numerous events through multiple channels and each time we reached out to them, we were able to get effective service. Our inquiries with respect to cryptocurrencies and trading were welcomed and we were offered highly satisfactory responses. This means that new traders can get the required technical help whenever they need it.
Affiliated Brokers
Bitcoin Power has reportedly partnered with a number of industry-leading brokers who have built a reputation over the years so you know you are going to invest your money in trusted services. You have the option to choose from a variety of these affiliated brokers according to your requirements and trading strategy. It’s also a good idea to research a little about these brokers before you make your final decision.
Is Bitcoin Power Legit?
We used a three-stage assessment to test whether Bitcoin Power is a reliable crypto trading bot or not.
- Presence of Online Feedback – We looked through a variety of survey sites and web-based media platforms to discover what people and real users are saying about Bitcoin Power. There were genuine users who discussed their experience with the bot and how they had the option to trade easily with Bitcoin Power.
- Accessible Customer Service – We attempted to contact the trading bot’s client assistance through various channels and on all events our inquiries were invited as well as we were offered acceptable responses. It means that if you are a new trader, you can get the required technical assistance any time you want.
- Trading Bot Technology – Many users have reported that the algorithm being used in Bitcoin Power is responsive and quick.
Based on online reviews and user testimonials, Bitcoin Power appears to be a good trading bot that simplifies trading cryptocurrencies for its users.
5 Reasons to Use Bitcoin Power for Trading
No Requirement of Trading Experience
It doesn’t make a difference if you’re a new or experienced trader as both can use Bitcoin Power to put forth financially beneficial trades with minimum capital and effort. The bot is simple to use and has an easy interface which will appeal to both categories of traders.
Brisk and Easy Registration & Verification
With Bitcoin Power, you don’t need to experience complex sign up systems and confirmation measures. It takes around 20 to 30 minutes to sign up and verify your account and begin trading.
Totally Free Software
Bitcoin Power can be used without paying any extra fees. The platform doesn’t charge any commissions or costs and there are no concealed charges.
Secure Personal Information and Funds
Reportedly using top of the line SSL encryption and numerous other security measures, Bitcoin Power keeps your personal data along with the funds in your account secure from hackers and security breaches.
Trade Many Cryptocurrencies
Bitcoin Power has additionally added the feature of trading a wide scope of well-known cryptographic tokens other than Bitcoin which include Litecoin, Bitcoin Cash, Ethereum, Ripple and many more.
What’s the Best Way to Use Bitcoin Power?
The best way to trade digital currency for a new trader is to first try the demo mode which permits you to get comfortable with the trading bot and test various techniques in stress and risk-free environment. In addition, you can learn from crypto specialists to develop your insight empowering yourself to make more informed trading and investment decisions.
Traditional trading of Bitcoin and other cryptocurrencies involves buying and selling contracts for difference or CFDs which requires a lot of research, manual labour, execution of orders, and transactional expenses. An automated trading bot like Bitcoin Power gets rid of all the complex and challenging steps of trading and allows you to invest without having to go through a difficult process. You don’t have to worry about commissions and different types of fees as well.
Has Bitcoin Power Ever Appeared On TV?
Bitcoin Power is one of those well-known trading bots which can attract a lot of attention and rumours, both valid and completely false. There are online rumours claiming that the robot was featured on well-known TV shows. We attempted to verify those claims and this is what we discovered.
Dragons Den
It is the main investment show in the UK which is hosted by top UK venture investors like Peter Jones and Duncan Bannatyne. The show has facilitated numerous innovation-related pitches including blockchain businesses, however, none of them had any similarity with the algorithm used by Bitcoin Power. Bitcoin Power has never featured on Dragons Den.
Shark Tank
Shark Tank is an investment show for the US audience. It includes huge names like Kevin O’Leary, Mark Cuban and Robert Herjavec. We went through all the episodes yet there was no proof that would highlight that Bitcoin Power was featured on the renowned show.
Has Bitcoin Power Ever Been Endorsed by a Celebrity?
Rumours have surfaced about Bitcoin Power being sponsored by significant big names. We checked to see if there was any evidence to support such claims.
Peter Jones
Peter Jones is a famous Dragons Den investor who has helped numerous tech organizations. However, there’s no proof to propose that Peter Jones has put resources into the popular trading bot.
Elon Musk
Elon Musk is the richest man on the planet and one of the best business visionaries of our times, the founder of Space X and Tesla has consistently had a soft spot for digital currencies. However, there’s no authentic proof to point towards the claim that he is monetarily or strategically supporting Bitcoin Power in any capacity.
Mark Cuban
Mark Cuban made his fortune through tech ventures and was reported to be behind Bitcoin Power. However, there’s no verifiable proof to substantiate that there’s any reality to such rumours.
Gordon Ramsay
The famous celebrity chef who is known for his brash attitude and exceptional recipes, Gordon Ramsay, was also rumoured to have endorsed Bitcoin Power. We carried out thorough research into the claim and according to our findings, there is no evidence to support such claims.
5 Ways You Can Maximise Success with Bitcoin Power
Here are some crucial points that you should be aware of when starting out your cryptocurrency trading journey through Bitcoin Power.
Start Small
Instead of placing the total of your capital in one trade or investment, it is a smart decision to divide it across 3 or 4 trades to limit your risk that comes with Bitcoin price volatility. Using this method, whether or not a single trade becomes profitable, the gains from the other 3 trades will ensure net profit for your overall investment. This framework is used by numerous veteran brokers to keep their losses to a bare minimum and optimise their profit margin.
Save Some Profits
Top brokers and investors advise saving a part of the profit to ensure you’re making consistent gains. Placing all your profits back into crypto trading is a high-risk move that can result in a huge financial loss.
Follow the Advice of Experts
You can develop a fundamental understanding of digital currencies and crucial trading from the web. Starting there on, you can follow crypto information websites and blogs to keep yourself tuned in and check out the views of crypto specialists and experts to make informed decisions about your trading techniques and choices. This will empower you to develop your own strategy and increase the overall profitability of your cryptocurrency trades.
Keep a Record for Tax Purposes
When you start investing through an automated bot, it might become difficult for you to know how much money you have invested and earned in profits over a period of time. This is why it is important to maintain a record of your investments, orders, and profits so you have access to all the data for tax purposes. You have to keep in mind that different countries have different tax laws and you will have to find out on your own how much you owe to the government. Generally, these profits are classified as capital gains.
Only Invest What You Can Afford to Lose
Many investors, when they start making money, tend to put a lot of their profits or savings into trading. This is not a smart investment strategy. You have to remember that regardless of the past performance of the bot, one bad trade can wipe out your entire capital. This is why you should only invest what you can afford to lose and divide your capital across different trades of different promising coins. This will ensure that you have minimised your risk.
Our Conclusion: Bitcoin Power
Based on online reviews, reportedly Bitcoin Power appears to be a reliable trading robot that can help to simplify trading for both amateur and veteran crypto traders. It’s reportedly free to use for anyone, ensures meticulous precision, delivers remarkable trade opening and closing speed, and offers a huge number of features to make trading simple. Bitcoin Evolution, Bitcoin Trader and Bitcoin Profit are some of the other trading robots that have received a positive review from us in the past.
Having said that, crypto trading stays one of the least secure ventures and you need to adopt a risk-free strategy. Just contribute what doesn’t influence your financial situation significantly and tune in to what crypto analysts are saying. When dealing with crypto trading, you need to exercise caution and minimise your risk as much as you can.
