Bitcoin Pro Review 2024 - Is it Legit or a Scam?
Trading cryptocurrencies has proven to be highly beneficial for many people across the world. These traders exploit crypto price movements to make regular and quick profits for themselves.
However, this type of trading isn’t for everyone and that’s why a product like Bitcoin Pro can come in quite handy, as it automates the entire trading process, and allegedly operates with a high degree of accuracy, all thanks to its advanced AI algorithm.
In this detailed review of Bitcoin Pro, we’ll take a good look at this trading bot and help you make a well-informed decision regarding its use.
Who Created Bitcoin Pro?
The developers of Bitcoin Pro have chosen not to reveal their identities. There’s no information available on them either on the official website or any of the third-party portals. The only inference that can be made is that they’re experts in conventional and crypto trading.
In addition, the developers work with a network of well-regulated crypto brokers, which tend to avoid collaborating with bad actors. Please note, legally compliant and well-regulated brokers usually partner only with authentic entities.
Pros & Cons of Bitcoin Pro?
Pros
- Swift and accurate: The robot claims to offer a high degree of accuracy with an execution edge of 0.001 seconds over the market.
- User-friendly interface: According to Bitcoin Pro, its UI is backed by thorough research to make it easily usable for both new and seasoned traders.
- Demo account: The software comes with a demo account that can be effectively used to get acquainted with its workings, before trading with any real money.
- Manual and auto mode: While the bot’s makers recommend using the auto trading mode to make the most of the tool, you can always opt for the manual mode initially.
- Passive income: From what could be inferred from a large number of Bitcoin Pro testimonials, it can help make a consistent passive income stream for yourself.
Cons
- $250 deposit: The initial $250 deposit may seem like a lot for some people who are new to crypto trading.
- No guarantees: Bitcoin Pro clarifies that while there’s huge profit potential with regular use of this tool, not every trade will lead to profits.
Key Features of Bitcoin Pro
Payouts
Although no specific figures are given, Bitcoin Pro claims to have a high profit ratio and suggests that by using the robot, you can become the next millionaire. However, our research suggests that this is an exaggeration and users will struggle to make a significant profit without risking a significant amount of capital.
Verification System
After you register for Bitcoin Pro by entering your full name, contact number, and email address, an account will be automatically created on your behalf with a regulated broker platform, depending upon your country/state of residence. Thereafter, you’ll need to self-activate this account using the login details sent to you via email, and also provide a valid proof of address and photo ID to comply with the broker’s KYC verification process.
Withdrawal Process
Bitcoin Pro apparently doesn’t impose any limits on withdrawals. You can initiate one by submitting a request through the trading interface. There are no withdrawal fees involved either and you can transfer your funds through any of the accepted payment methods. These generally include bank transfers, credit/debit cards, PayPal, and popular e-wallets.
Costs and Fees
As clearly stated on Bitcoin Pro’s official website, you don’t need to pay any licence fee, deposit fee, or withdrawal fee for using the product. In a nutshell, there are no hidden costs. At most, you’ll need to pay up to 2% commission on your trades, which is split between the underlying broker and the software’s developer.
User Testimonials
A quick Google search revealed that a strong majority of Bitcoin Pro users are happy with the bot, and claim to have made notable profits with its regular use. The trading bot is also featured on the reputed consumer feedback portal Trustpilot, where 105 users have reviewed and rated it with 4.6 stars (out of 5) at the time of writing. Of these 105 users, 69% rated it Excellent, while 30% gave it a Great rating.
Customer Service
A large number of Bitcoin Pro reviews claimed that the product is backed by a highly efficient customer care team. They can be reached via a contact form prior to registration. Once you become a verified member, you can reach them round the clock, 365 days a year via live chat, phone, or email.
Affiliated Brokers
Bitcoin Pro makes it quite clear on their site that they’re affiliated with reputable brokerage portals in different parts of the world. Apparently, each one of their brokers operates under strict regulatory restrictions and are required to function with complete transparency. Furthermore, the makers state that these brokers are regulated by leading authorities in the UK, South Africa, the US, and Australia.
Alternative Crypto Robots
Is Bitcoin Pro Legitimate?
Checking the testimonials submitted by actual users is one of the best ways to determine the legitimacy of any such trading bot. The page on the Trustpilot website dedicated to this trading bot shows that a large majority of users, 98% in fact, are happy with its results. While there are some average ratings too, the overwhelming majority favours Bitcoin Pro. This would appear to be positive for Bitcoin Pro’s reputation.
5 Reasons to Use Bitcoin Pro for Trading
24/7 Trading
As Bitcoin Pro claims to be powered by an advanced AI algorithm, it can trade round the clock on your behalf, something that’s not possible in manual trading.
Extremely Fast
The speed with which the bot analyses and executes trades is very fast—it claims to have a 0.001 edge over the market. This level of speed is almost impossible to accomplish in manual trades.
Trading Without Emotions
As it’s a robot, it stays objective about trading decisions, no matter how volatile the market may be. Staying objective this way can be very difficult in manual trades, as emotions often end up impacting trading decisions.
Simplicity
Bitcoin Pro takes the complexity out of derivatives such as CFDs (contracts for difference), as it is capable of operating entirely in the automated mode.
Zero Cost
Bitcoin Pro doesn’t involve any licence fee. Its analytical features can be used and benefited from without any charges.
What’s the Best Way to Use Bitcoin Pro?
Although Bitcoin Pro’s claims combined with plenty of positive reviews may make it seem like a very good deal, you should never put all your eggs in one basket. Rather, it may be ideal to use it as a means to supplement your existing income. Nonetheless, you must register for the product, thoroughly check out its demo version, and start small.
Has Bitcoin Pro Ever Appeared On TV?
Dragons’ Den
A well-known reality TV show that has already featured a number of crypto-related products, Dragons’ Den is an ideal platform for a product like Bitcoin Pro to make an appearance. However, we couldn’t find any evidence of the bot ever appearing on the show.
BBC
As the crypto industry is famous for delivering higher than usual profits, especially compared to traditional stocks, it is common for crypto products and traders to get a mention on prominent news channels like the BBC. While we found multiple BBC segments on crypto in general, there was no reference to Bitcoin Pro anywhere at all.
Has Bitcoin Pro Ever Been Endorsed by a Celebrity?
Mel Gibson
We saw some reports that Mel Gibson had been urging his fans to try out Bitcoin Pro. However, upon further inspection we found them to be completely false. The American actor has never mentioned the trading bot on any public platform.
Bill Gates
Windows OS, a product of Bill Gates-owned Microsoft, completely changed the world of computing and has been at the forefront of tech innovations ever since. While Gates has often talked about crypto, we found no connection between him and Bitcoin Pro whatsoever.
Mike Tyson
Having endorsed Bitcoin and a few other cryptocurrencies, Mike Tyson, the boxing legend has made a name for himself as a crypto enthusiast too. We found some stories of him endorsing Bitcoin Pro, but found no evidence to substantiate such claims.
Elon Musk
Elon Musk has had a love-hate relationship with Bitcoin and is currently bullish on Dogecoin. The founder of Tesla and SpaceX never holds back when it comes to expressing his fondness for cryptocurrencies. Despite the rumours, we were unable to find any evidence of him endorsing or investing in any crypto trading bot.
5 Ways you can Maximise Success with Bitcoin Pro
Bitcoin Pro makes big promises about its automated returns, figures that can be very difficult to accomplish with manual trading. Please note, the promise of such high returns comes with an equally high risk of losses. Below, we have provided some steps you can take to keep yourself covered.
Start Small
It’s always good to take baby steps when you’re using any such tool for the first time, and all the more so if you’re new to crypto trading. Trade with the minimum financial commitment possible to test the waters. Better still, use the demo version in the beginning and scale up only after you’ve well understood the risks and have established expectations.
Save Some Profits
While it may be tempting to reinvest all your gains if the claims made by Bitcoin Pro indeed prove to be true, we’d advise you to regularly withdraw a portion of your profits for safety. You can leave the rest within the app, to be able to exploit more profitable opportunities.
Follow the Advice of Experts
You should never depend on the bot alone for all your profits. While a solid AI algorithm and swift analytics do sound like a great combination, they may still need a human element to deliver sustainable returns. This is where industry experts will come into the picture. You should keep your ears and eyes wide open, and pay heed to what they say and do. Nonetheless, make your own fair judgments in the end.
Keep a Record for Tax Purposes
Profits generated from crypto trading are subject to tax laws in most countries of the world. Bitcoin Pro claims to execute a good number of rapid trades to deliver the promised returns. Hence, you might need to be constantly on top of the transactions and maintain all records to stay tax compliant.
Only Invest What You Can Afford to Lose
It’s not uncommon for people to lose large amounts while trading cryptocurrencies. Bitcoin Pro also doesn’t offer a 100% guarantee that you’ll always stay in the black. Therefore, you should invest only sums that you can comfortably afford to lose and never go overboard.
Our Conclusion: Bitcoin Pro
Bitcoin Pro has earned rave reviews from a large number of existing users. Various third-party websites and independent testimonials also suggest that it may well be delivering on a lot of its promises. However, as emphasised earlier in this piece, you must always start small and experiment a bit with such products, before making any large investments. In case you’d like to look at some good alternatives, QProfit, Bitcoin Madrid, and PrimeBit Profit are some other bots worth checking out.