Bitcoin Trader Review 2021 - Is It Worth It?
Cryptocurrency is an exciting new asset class with unlimited potential to revolutionize the way we transfer value digitally. Being a fledgeling and highly-speculative market, it is also notoriously volatile. For traders with the right information and trading tools, this volatility represents a great opportunity.
Unfortunately, the average ‘retail trader’ is at an immediate disadvantage. Unlike professional traders and fund managers, the average person doesn’t have access to market-leading analytics and trading tools. Nor do they have the capability to enter and exit trades with the speed of the trading robots employed by major trading firms.
Bitcoin Trader claims to be an automatic cryptocurrency trading software that combines a fast trading robot with the intelligence of trading signals identified from six leading market indicators.
In this review, we will dive into Bitcoin Trader to see if this popular trading software lives up to the hype. We will also reveal how to register, fund your account, and get started trading automatically.
What Is Bitcoin Trader?
Bitcoin and other leading cryptocurrencies have outperformed every single asset class over the past year. Smart money is scrambling to gain exposure to this growing class of digital assets that many predict will outperform every asset class in history.
Bitcoin Trader is said to be a trading robot or ‘bot’, which can identify opportunities and execute trades automatically at speeds typically 0.1 seconds faster than the market. It might not sound like a lot but when trading cryptocurrency volatility, speed matters.
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Who Created Bitcoin Trader?
The team behind Bitcoin Trader is reported to be a collection of former professional cryptocurrency traders. Fed up with trying to compete with trading firms and their army of bots, set out to level the playing field for retail investors.
Historically, trading bots with market-leading speeds and well-informed trading signals have only been available to the institutional trader. The trading terminals Bloomberg uses, for instance, costs upwards of $24,000 a year.
Bitcoin Trader was reportedly created to provide traders of all skill levels and budgets, access to powerful trading technology similar to that used by the market movers. It is now growing in reputation as a result with a number of reputable brokers servicing the platform.
Start Trading in 3 easy steps
Fill in a few personal details including your full name, email address and telephone number to create your new, free account.
Choose your preferred secure payment method and deposit the minimum required amount to fund your account.
Take some time to properly set your risk management limits and you are ready to start trading.
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Pros & Cons
Key Features of Bitcoin Trader
Those using the platform have reported earning an average of $1,300 per day. This figure is likely exaggerated, and probably attests to the absolute maximum potential of the software, as profits generated will vary according to the parameters set by the user, market conditions, and trading capital. Online testimonials do claim, however, that some users are earning passive income using the software.
Regulation weeds out the scams and ultimately they provide a safer environment for you to trade. To comply, brokers have to confirm your identity before you can start using the platform. Fortunately, Bitcoin Trader has made the process as simple as possible. Users only have to enter their name, email and telephone number to register for free. Once verified, you simply deposit your trading capital and you are ready to go.
The team behind this trading platform understand that traders demand easy access to their trading capital. Having your bank account linked to Bitcoin Trader is by far the most convenient method. Funds can be transferred between your account and Bitcoin Trader on a daily basis if needed. In our experience withdrawals were facilitated within 24 hours.
Costs and Fees
Bitcoin Trader is 100% free software. That means there are zero hidden fees or commissions to use it or in being connected with a broker. 100% of profits made on the platform can be withdrawn with no hassle and at zero cost. If you intend on trading with leverage, it is important to check the terms and conditions to fully understand the risks.
Many users have reported success using this crypto trading bot, which has led to significant hype around the software in some trading circles. The testimonials on their website suggest numerous users are making considerable passive incomes with the platform.
Anyone who has used a cryptocurrency exchange will account for how lonely you can feel when you run into a technical hurdle. Bitcoin Trader set out to be one of the easiest trading platforms for beginners with the support of a 24/7 helpdesk. We contacted them using the Live Chat feature and were satisfied to receive a reply within an hour. Customer service is also available via email.
The Bitcoin Trading software accesses the cryptocurrency market through reputable brokers. In our trial of the software, we were referred to two different brokers, both of which were regulated by global authorities. These brokers provide a gateway for the robot to access the market.
Is Bitcoin Trader Legitimate?
In our research, past and present users of Bitcoin Trader claim that it proved to be a simple-to-use automatic trading robot, which outperformed our own manual trading over the same period.
According to testimonials, it’s trading signals provided them with several profitable trades, indicating a sophisticated algorithm that performs as advertised.
The set and forget functionality of the automatic trading feature was extremely convenient and importantly, customizable for risk management.
Bitcoin Trader has been reportedly servicing traders successfully for some time now and the testimonials of numerous people, seem to demonstrate a high success rate.
A great test of platforms’ integrity is the withdrawal process. We withdrew our trading stake and some small profits with no issues within 24 hours.
5 Reasons to Use Bitcoin Trader for Trading
Simple and Flexible
Its user interface is designed to be simple for beginners yet highly functional.
Offers High ROI
The website claims that the software has an extremely high hit-rate of well over 90%.
The software is reported to enable beginners to trade volatility like trading firms, with trading signals developed from six different market indices.
Faster Than the Market Average
Auto trading software can execute trades 0.1 seconds faster than the wider market. This has been a decisive factor in the traders’ decision to use the platform.
The website advertises this product completely free of charge and also states that 100% of profits earned through the platform can be used by the user.
What’s the Best Way to Use Bitcoin Trader?
Bitcoin Trader is said to be a very useful tool for beginners and intermediate traders looking to capitalize on cryptocurrency volatility by its current user-base.
It is more sensible to use it to supplement your overall trading strategy, rather than making it your only strategy. You shouldn't place all of your eggs in one basket, so to speak, and you should have some long-term investment exposure to reflect your bias. If the market were to make a generational wealth transfer type of move, like many are predicting, you don’t want to be selling and left on the sidelines.
Automated cryptocurrency trading is perfect for anyone who wants to leverage the power of market indicators with rapid software that can automatically trade on your behalf.
Before you get started, it is a good idea to first try out the software with a demo account until you get comfortable with the functionality of the platform.
When trading cryptocurrency, managing risk is key to staying in the game. Like anything with great upside, the downside needs to be considered when weighing your positions.
It is always important to set your stop losses and spend just a little time online to research the outlook for the cryptocurrency you are considering trading, to strengthen your trading position.
Has Bitcoin Trader Ever Appeared On TV?
Speculation on social media suggests it has appeared on commercial television in both the US and UK, but these rumours remain unsubstantiated at present. Let’s take a look at some of the program’s Bitcoin Trader has recently been linked with.
Dragon’s Den is a show where entrepreneurs pitch their ideas to a panel of wealthy investors. Peter Jones is one of the most influential entrepreneurs on the show. Rumours of an endorsement for Bitcoin Trader had been swirling around for some time. Jones came out and categorically denied any involvement with the trading platform, firmly putting an end to the speculation.
A flagship program on the NBC network, Dateline has been beaming stories into Americans homes for decades. A rumour was circulating that in one of the show’s reports, they detailed the rise of cryptocurrency robots and mentioned Bitcoin Trader by name. After a fairly exhaustive search, we failed to find this news story, so it was either deleted or never existed.
Has Bitcoin Trader Ever Been Endorsed by a Celebrity?
When it comes to claims of celebrity endorsements, it is always a good idea to check out the veracity of any claims first. We found no evidence of endorsements nor public denials, though it is difficult to search as ‘Bitcoin Trader’ is a fairly generic name.
Branson’s name has a history of being linked to products in the cryptocurrency arena, often under dubious circumstances. We did identify an interview where he said he hasn’t endorsed any cryptocurrency trading software so we have to assume this rumour is definitely false.
One of the biggest celebrities rumoured to have endorsed auto trading platform is British celebrity chef, Gordon Ramsey. Known for his love of cryptocurrency, he once proclaimed on Twitter “don't talk to me about anything other than crypto and food, of course!” It is likely Gordon is heavily invested in cryptocurrency, but we nonetheless failed to find any evidence of him expressly endorsing Bitcoin Trader.
Elon Musk is the genius behind PayPal, Tesla, and SpaceX. A known fan of the cryptocurrency movement, Elon recently tweeted only one-word; ‘Ethereum’, putting fans of the second-biggest cryptocurrency. We didn’t find any direct endorsements of Bitcoin Trader from Elon, however.
The billionaire hedge fund manager, Ray Dalio has come out in support of blockchain technology stating that a decentralized, medium of exchange is revolutionary. He stopped short of identifying, which cryptocurrencies he supports and we found no indication of any endorsements.
5 Ways You Can Maximise Success With Bitcoin Trader
Start Small and build
Any long-term investor will tell you, the single most important thing to remember when you begin trading is ‘risk management’. If you properly size your positions you can avoid any heartbreak. Bitcoin Trader reportedly provides a suite of tools, like stop losses to help you manage this risk. Start small and book profits on the way up.
Save Some Profits
Long-term traders will tell you it is never a bad time to take profits. It’s easy to get carried away when you are on a winning streak and think it will never end. Don’t get greedy. It is a sound strategy to take funds off the table as you generate profits. Make sure you take advantage and convert your paper gains to real ones in your bank account, as soon as possible.
Follow the Advice of Experts
Before considering investing in cryptocurrency, you should spend some time learning about the macro outlook for this emerging asset class from the experts. Twitter is one of the leading social media platforms used by these experts and you should do some research to identify the coins you plan to trade.
Keep a Record for Tax Purposes
Depending on where you are located in the world, you may have to pay tax on capital gains from trading cryptocurrencies. Make sure to inform yourself of your responsibilities in this regard and keep a detailed record of all your trades. These records can be useful later in analyzing the success of your trading strategy, while also ensuring you are compliant come tax time.
Only Invest what you can Afford to Lose
It’s a cliché in cryptocurrency trading circles for a reason. ‘Only invest what you can afford to lose’. An ‘all-in’ strategy can leave you without options fast if the entire market takes a turn for the worst. Properly sizing your trades is vital to ‘stay in the game’. All trading comes with risks and you should aim to have a percentage of your portfolio in fiat, just in case.
Bitcoin Trader is definitely one of the easiest to use automated cryptocurrency trading platforms, yet it retains functionality that will appeal to traders of all skill levels, according to various online reviews and the testimonials of its users. With trades carried out automatically on average 0.1 seconds faster than the wider market, automated software offers traders of limited expertise the ability to enter the market for the first time.
The trading platform will work on both your desktop or mobile for convenient trading when you are out and about. The interface is easy to navigate and it supports a range of languages.
If you would like to test out other software similar to Bitcoin Trader, you can check out our review of Bitcoin Era and others that received positive feedback posted online.
Always do some research before committing any cash to CFD trading as you stand to lose just as much as you stand to gain.