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This volatility of the cryptocurrency market has turned Bitcoin into more of an investment asset rather than an alternative currency. It means that Bitcoin enthusiasts, trading professionals and investors are now capitalising on the volatility of Bitcoin price to earn profits.
Bitcoin Prime claims to make your job easier as it is designed to take all the major factors into account to make accurate and precise price predictions on behalf of the cryptocurrency investor. The bot also enables Bitcoin traders and brokers to buy and sell Bitcoin and other digital currencies in a fraction of a second to ensure profitability.
What Is Bitcoin Prime?
Bitcoin Prime is one of the leading and highly regarded trading bots that has reportedly ensured free and convenient cryptocurrency trading for thousands of users including amateur investors and seasoned professionals. With an innovative algorithm that is based on tried and tested economic principles, the bot has the capacity to identify the best moments to sell and purchase bitcoins.
Who Created Bitcoin Prime?
Bitcoin Prime is reportedly created by a former Wall Street trader, Steve McKay, who has more than 10 years of experience in trading for major financial institutions. For the last 3 years, he has been optimising the algorithm behind Bitcoin Prime to enable everyone to invest in cryptocurrencies like a professional trader. According to McKay, the algorithm is based on secret strategies that are used by financial institutions to earn profits in billions of dollars.
When Bitcoin Prime was first launched, it was in the beta testing phase for almost 12 months. After its reported huge success across the globe, the final consumer version was launched which has attracted thousands of users in the last few years helping them to generate secondary income and ensure their financial independence.
Start Trading in 3 easy steps
You need to register your account by providing your name, phone number, email address and your country of residence.
The minimum amount you should deposit is $250. In order to deposit your funds, go into your account and look for the 'deposit' option.
Define the trading parameters and preferences including stop loss and take profit limits to ensure risk minimisation.
Pros & Cons of Bitcoin Prime
Key Features of Bitcoin Prime
The service reportedly allows you to get your payouts quickly and easily as all you have to do is submit a form. Your payout is processed within 24 to 48 hours and deposited into your account.
All you need to do to sign up and register with Bitcoin Prime is provide your basic information including your name, email address and country of residence. For security purposes, the bot will verify your identity to ensure your funds and personal information remain safe. The whole process does not take more than half an hour and you are ready to trade in no time.
Costs and Fees
With traditional crypto trading services and platforms, you have to worry about a number of transactional costs including commissions, withdrawal fees, funds storage charges and other expenses. That's not the case with Bitcoin Prime as it reportedly offers a completely free trading experience with no hidden costs whatsoever.
Many automated trading bots are subject to scepticism as their performance is always in doubt. However, that’s not the case with Bitcoin Prime as there are hundreds of user testimonials that you can find across different platforms that endorse it as a reliable trading bot. This shows that individuals have been able to use the trading bot to earn consistent profits.
While you don't really need any support to start trading with Bitcoin Prime if you are facing any difficulties, you have the option to reach out to the 24/7 available customer care to get your concerns addressed and your questions answered.
Bitcoin Prime reportedly provides both new and seasoned traders and investors with an option to choose from a wide range of affiliated brokers. These are leading crypto brokers who have established a long-term reputation in the cryptocurrency market. They also ensure regulatory compliance so there are no risks to your seed capital and profits.
Is Bitcoin Prime Legitimate?
Since Bitcoin Prime is an automated trading bot with multiple claims about profitability, we needed to ensure whether it is legit or not.
Real Satisfied Users
We found what appears to be genuine reviews from hundreds of people who have used Bitcoin Prime to trade successfully in the last couple of years. According to the reviewers, it may take a couple of weeks to get hold of everything but patience and cautioned approach can lead to decent profitability.
Accessible Customer Service
We reached out to the customer service of Bitcoin Prime on three different occasions and every time we were able to connect with a customer representative. We found satisfactory answers to our questions and were treated in a hospitable manner.
According to our findings based on researching online reviews and testimonials, it appears to be a reliable trading bot and is easy to use for new traders.
5 Reasons to Use Bitcoin Prime for Trading
High Trade Success Rate
Since the creator of Bitcoin Prime has optimised the algorithm behind the trading bot for years, it offers a reportedly high trade success rate against which other bots struggle to compete.
The trading bot reportedly relies on a secret algorithm often used by financial institutions to earn billions of dollars annually. This is why it is able to reportedly claim a higher average return than other bots.
Easy and Quick Withdrawals
The platform enables you to withdraw your funds any time you want. All you have to do is submit a withdrawal form and your payment will be processed within 24 hours.
Demo Account Mode
Using demo mode, traders don't only have the option to familiarise themselves with the UI of the bot but they can also practice their trading strategies without putting their money at risk.
No Commissions or Hidden Transaction Charges
It is an absolutely free trading bot which means you don’t have to pay any fee or commissions when using the service. There are no hidden charges either.
What's the Best Way to Use Bitcoin Prime?
If you have made an account on Bitcoin Prime recently to trade cryptocurrencies, it is a good idea to start with the demo account. It enables beginner traders to learn the UI in a risk-free environment and you can also test your investment and trading strategies without having to put real money on the line.
As a new Bitcoin trader, it's a smart idea for you to rely on the automated mode instead of going for the manual mode. The auto mode will just require you to provide your trading preferences and define certain limits. Don’t forget to specify your stop loss and take profit limits that will allow you to manage your risk.
Conventional trading requires you to buy financial instruments such as CFDs to trade Bitcoin. That’s a cumbersome and drawn out process as you have to make all the decisions manually. It is especially challenging for new traders who don’t have a lot of knowledge about cryptocurrencies and trading. On the other hand, Bitcoin Prime is much easier to use since all you need to is define trading parameters and the bot does the analytical assessment and order execution on your behalf.
Has Bitcoin Prime Ever Appeared On TV?
Due to the immense popularity and sudden fame of Bitcoin Prime, the trading bot became subject to a number of internet rumours. Some of these rumours proposed that the algorithm was pitched by Steve McKay on investment shows in the UK and US to secure funding. We fact-checked the rumours to find out whether there is any truth to them or not. Here is what we found.
With guests like Debora Meaden, James Caan, and Peter Jones, Dragons Den is one of the most popular venture investment shows across the globe. And while the show has hosted many innovators and technology startups' founders, no episode featured Steve McKay or the algorithm that has been used in Bitcoin Prime.
Identical claims were made on the internet proposing that the algorithm was pitched by Steve McKay in its initial phase on Shark Tank which is a US version of Dragons’ Den that is hosted by the likes of Kevin O’Leary, Mark Cuban and Robert Herjavec. That being said, our verification demonstrates that there isn’t any episode that features Steve McKay or the algorithm developed by him.
Has Bitcoin Prime Ever Been Endorsed by a Celebrity?
Just like it was claimed that Bitcoin Prime has been featured on investment shows, similar rumours were floated on the internet about the trading bot being endorsed by major celebrities who are known to back technology startups, especially cryptocurrency projects. Once again we got to work to find out whether these claims hold any water.
According to our assessment, Kate Garraway has neither lent any strategic nor financial support to the leading trading bot.
Virgin Group founder and one of the top global entrepreneurs has always been a major supporter of cryptocurrencies including bitcoin. That being said, there’s no evidence to substantiate that he’s backing Bitcoin Prime.
The richest man in the world and founder of forward-thinking startups like Tesla and SpaceX was claimed to be backing Bitcoin Prime. Once again, our assessment reveals that while he is a big fan of decentralized projects, Elon Musk has not officially endorsed it.
The dot com billionaire and one of the most highly regarded investors on Shark Tank, Mark Cuban, was also rumoured to have invested in Bitcoin Prime. However, our thorough assessment of the show as well as Mark Cuban’s social media profiles shows no evidence that he’s backed or endorsed the trading bot.
5 Ways You Can Maximise Success With Bitcoin Prime
If you are looking to manage your risk in an effective manner, the following tips can help you out a great deal.
Many new investors make the mistake of putting all of their money into a single trade which is a very high-risk move. First of all, instead of putting all of your funds on the line, you should invest what you can afford to lose. This way even if a trade doesn't turn out in your favour, it will not compromise your financial situation.
Save Some Profits
While it is a very tempting option to put all of your profits back into trades when you are on a roll, it isn't exactly a smart trading strategy. When you are trading through Bitcoin Prime, it is recommended that you make a habit of saving a certain percentage of your profits. For instance, you can set aside 50% of your profits to ensure you are not going to lose all of your profits while building financial stability and independence.
Follow the Advice of Experts
If you want to become serious about Bitcoin trading, you will need to familiarise yourself with cryptocurrencies and recent news and developments. Subscribe to major crypto blogs and read what credible and trustworthy analysts and cryptocurrency gurus are predicting about Bitcoin and other cryptocurrencies. Use your own insight and rely on the advice to come up with personalised investment strategies that have a higher chance of success.
Keep a Record for Tax Purposes
One of the smart things to do for all traders and investors is to keep a record of their trades including the amount of capital investment as well as profits earned for tax purposes. This will enable you to know how much money you have made using Bitcoin Prime allowing you to calculate the tax you owe to the government. Remember that different countries have different tax laws when it comes to cryptocurrencies and the tax rate and other related policies might differ from region to region.
Only Invest What You Can Afford To Lose
Many investors, especially those who are just starting out, get carried away and put all or most of their savings into trades. That is an exceptionally high-risk move and not a smart investment strategy. Make sure that whatever amount you are investing would not put you at financial risk if the trade doesn’t go in your favour. Instead of relying on your emotional impulse, make informed decisions based on facts and analysis to minimise your risk as much as possible.
When it comes to trading Bitcoin, it is not an easy task and requires knowledge of both the cryptocurrency world and trading sector. This knowledge barrier creates a hindrance for normal people who want to get into crypto trading. Bitcoin Prime has solved that problem through innovative software that reportedly relies on a secret algorithm to identify temporary opportunities for profitability that arise out of the volatility of Bitcoin and other cryptocurrencies.
With a user-friendly interface, free trading, demo mode, and quick withdrawals, Bitcoin Prime reportedly offers a compelling trading solution for both beginner and experienced traders. However, before you start trading, ensure that you are only investing what you can afford to lose and minimising your financial risk.
If you want to rely on other automated trading bots that have a high reputation, then you can choose from many other options as well. Some of the other robots reviews by us in the past include Bitcoin Era, Bitcoin Profit and Bitcoin Evolution.
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Frequently Asked Questions
While being informed about the trading and cryptocurrency market isn't mandatory, it can help you in terms of making informed trading decisions. That being said, a new trader can also reportedly rely on the automated mode of Bitcoin Prime to invest in cryptocurrencies.
The profit will be determined by the amount of capital deployed and the experience level of the trader.
Bitcoin Prime isn’t demanding when it comes to requiring your attention. All you need to do is set your preferences and let the bot do its work. You just need to check in every once in a while to ensure the bot is working accordingly.
You have to submit a withdrawal form and your payment is processed within 24 hours.
That is highly unlikely. Bitcoin Prime reportedly implements advanced security measures like SSL encryption to ensure that all the communication between you and the bot is encrypted.
While there have been many reports of Bitcoin Prime being endorsed by major celebrities like Elon Musk and Richard Branson, according to our findings there is no truth to these rumours.
The signing up and verification process on Bitcoin Prime is quite easy and quick to complete. You will need less than half an hour to get going.
Yes. You can rely on the demo account to familiarise yourself with the trading bot and test a number of investment strategies risk-free.