Immediate Bitwave Review 2024 - Honest Review By Trader
If you are into crypto trading, it is very likely that you have come across Immediate Bitwave, a fast-rising popular trading assistant that makes the crypto trading process simple and easy for new and experienced traders.
It claims to use data analytics, statistical modeling and automation to provide significant results to users. But how true are these profitability claims? Let’s explore them.
Our extensive Immediate Bitwave review explores its mechanics to show its features, benefits and disadvantages. With our guide, we hope to assist you in deciding whether or not Immediate Bitwave might be a viable crypto trading tool for you.
Our Investigation Result: Immediate Bitwave Seems to be Legitimate
Following our comprehensive research, we found that Immediate Bitwave is a legitimate crypto trading platform, as all its claims look valid according to our tests.
If you’re interested in trying it out, use the link below to sign up for a free account. You should be assigned an account manager that will guide you through the process.
Immediate Bitwave Summary
Minimum Deposit | $250 |
Fees and Commission | None |
Claimed Success Rate | 90%+ |
Supported Cryptocurrencies | 14 |
Deposit and Withdrawal Fees | None |
Trading Platform | MT4 |
Demo Account | Yes |
Verification | KYC |
Leverage | 100:1 |
What Is Immediate Bitwave?
Immediate Bitwave is a cryptocurrency trading bot that is created to automatically make profitable trades, saving time and effort for users. For new traders, who need more skills to trade crypto profitably, the bot is especially useful. It works 24/7, and so users can profit from trading in major trading sessions in different time zones, even when they are asleep.
Who Created Immediate Bitwave?
The makers of Immediate Bitwave are currently anonymous. We can tell that creating such a complex algorithmic trading bot requires software development, mathematics, and finance expertise, meaning a team of finance traders, software developers, and mathematicians are likely behind it, but we can’t confirm exactly who.
It is fairly common to have anonymous developers in crypto, but we’d still advise caution due to the lack of transparency in projects with anonymous founders, even though the bot did well in our tests.
How Does Immediate Bitwave Work?
Immediate Bitwave operates by using mathematical models that show relationships between several market variables. By studying these numbers, the algorithm predicts their likely changes over time.
It constantly scans the market, analyzes market data through statistical models, identifies market variable behaviors, and predicts price movements. After making predictions, the bot opens high-profit potential trades, watching them until profit parameters are reached.
You can select profit and loss parameters, stating your preferred average profit per trade, and the bearable loss limit. The bot uses these set limits to filter potential trade opportunities.
Immediate Bitwave serves as a repository for funds, and is linked to cryptocurrency brokers. The bot uses Contract for Difference (CFDs) to execute trades. These are derivatives that follow crypto price actions, allowing for trades without owning the cryptocurrencies.
It is important to note that this review offers a general idea of how Immediate Bitwave could operate, as most bots do not disclose their inner workings and consider them trade secrets. The best bots use their proprietary algorithms, which they keep confidential to outperform their competitors.
You must deposit a minimum of $250 into your account to begin trading. There is however a demo mode that allows you to use the bot without depositing any money.
Pros & Cons
Pros
- Automated trading
- Accessibility
- Continuous trading
- Data analytics
- Profit parameters
Cons
- Anonymous founders
- Limited information
- Risk of loss
- Dependence on brokers
- Not a guaranteed profit
5 Key Features of Immediate Bitwave:
User-Friendly Interface
Immediate Bitwave is created to be accessible to users regardless of their skill or experience levels. It uses a simple interface, with intuitive features and easily recognizable icons. However, new users could still need to learn some aspects that may take time to become evident.
Multi-Asset Support
Immediate Bitwave is more extensive than other platforms and allows for trading in stocks and currency pairs (Forex) as well as cryptocurrencies using CFDs. This feature enables users to discover other markets if certain ones do not have trading opportunities.
Demo Account
A demo account is accessible on Immediate Bitwave, allowing users to test the platform without using money. This is good for new and experienced traders, allowing them to familiarize themselves with the platform and examine tearing strategies using actual market data.
Affordable Fees
Immediate Bitwave claims proudly to be a free-to-use platform, but there’s more to the story. While it doesn’t charge explicit fees, to cover its costs it does add a small markup to the bid-ask spread when trading CFDs. Nevertheless, this approach allows users to access its services without direct charges.
24/7 Customer Support
To help users with setting up accounts, trading queries, and technical concerns, Immediate Bitwave uses round-the-clock customer support. This is available through email, live chat, and phone calls, but the latter two channels provide faster response times than email for urgent concerns.
Factors To Consider Before Using Immediate Bitwave:
User Testimonials: 5/5
User testimonials for Immediate Bitwave have been largely positive. Although we relied on neutral sites and personal experience to get unbiased testimonials, the feedback we got showed satisfaction with Immediate Bitwave’s performance.
Security: 5/5
User security appears to be the priority on Immediate Bitwave, as it uses advanced information security technologies to safeguard personal and financial data. There have been no reported breaches, and we found their security features, including 2FA, to be adequate.
Deposit Methods And Limits: 4/5
There are many deposit methods supported on Immediate Bitwave, including bank transfers, credit cards, and electronic wallets like PayPal, allowing for deposits in USD, GBP, and EUR. It also accepts Cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Ripple. There is a minimum deposit amount of $250. While they may be faster, credit card payments are also costly, and bank transfers are more economical if there are suitable currency and location conditions. In countries where they are supported, electronic wallets are a convenient deposit method.
Verification System: 4.4/5
It is simple to sign up on Immediate Bitwave and requires only a validly issued ID and proof of address for KYC verification. Across both the platform and the associated broker, the process was fast, only requested essential information and took around 20 minutes to complete.
Costs And Fees: 5/5
Immediate Bitwave is economical, as there are no service fees for using the bot. It does add a small markup on crypto bid-ask spreads, to generate revenue, but this does not impact user trading. We found Immediate Bitwave’s claims aligned with our experience with the bot, and we were not charged for using it.
Customer Service: 4/5
The customer service on Immediate Bitwave is commendable, and offers multiple channels for customer support. Users can get the help they need through live chat, phone, and email support, while phone and email are also available to those who haven’t signed up to the platform. While minor, it is a limitation that live chat can only be accessed after signing up for an account.
Withdrawal Process: 4.1/5
There are no limits on withdrawals on Immediate Bitwave, but payment providers may have limits. Typically, it takes around 24 hours to complete the withdrawal process, but this can vary based on the withdrawal amount, transaction volume, and other technical factors. In some cases, identity verification will be required for added security.
Affiliated Brokers: 5/5
Immediate Bitwave collaborates with trustworthy, regulated brokers, some of which are registered with CySEC. However, due to the number of brokers, we could only vet each one somewhat thoroughly. Users should find out about the broker they want to sign up with and make sure it is registered and reputable.
How Immediate Bitwave Compares To Other Automated Cryptocurrency Traders:
Immediate Bitwave offers similar features to some other cryptocurrency trading bots in the market that it competes with, but also has unique qualities. If you are interested, here are some other crypto trading bots you can check out:
- Immediate Connect: A well-known bot which focuses on Bitcoin CFD trading
- BitIQ: is a great choice for a wide range of cryptocurrencies, offering multiple assets.
- Ethereum Code: For traders focused on Ethereum trading, this is an ideal choice.
- Bit Index AI: A high-quality choice for accuracy, which leverages AI and machine learning models
- Oil Profit: An ideal bot for trading various assets, like oil.
- Bitcoineer: a new bot that appears to have potential
The various platforms have their strengths and weaknesses, which is why the Immediate Bitwave automated trading platform is more appropriate for specific traders based on their tastes and trading goals.
Is Immediate Bitwave A Legitimate Autotrader?
Although we cannot say with absolute certainty that Immediate Bitwave is legitimate, our research leads us to believe that it is not fraudulent. There is evidence of many successful traders in the crypto market using the bot on the website, and many of the reviews we found also backed up its claims.
In addition, the bot’s operations do not suggest fraud; it allows seamless deposits and withdrawals without trading against its users, an action noticed in some untrustworthy brokers. So far, we have not come across any illegitimate actions.
Is Immediate Bitwave Safe?
How safe any online crypto trading platform is depends on its security measures, and Immediate Bitwave appears to use standard safeguards. We found that it uses SSL encryption to secure its website. Furthermore, our IT contacts verified that it uses various network and platform firewalls to protect against malicious traffic and web packets.
As regards regulation, KYC procedures are enforced by Immediate Bitwave to ensure users’ authenticity.
6 Compelling Reasons To Choose Immediate Bitwave For Trading:
Cost-Effective Trading
Immediate Bitwave does not charge users for its services, making it an affordable cryptocurrency trading platform companion. The demo mode is available for users to test strategies before using them in the live market. Immediate Bitwave also does not take from users’ earnings, unlike certain competitors who do so as part of fees.
High Availability
Immediate Bitwave works 24/7, much like the crypto market. Once active, it keeps to a set strategy for as long as required, constantly searching the market for profitable patterns and trends while trading cryptocurrencies.
Automated Trading
Trading can be difficult for beginners because of how much research and monitoring is required, especially for day traders. Using Immediate Bitwave’s automated features, users do not need to put in so much physical and mental effort while trading.
All that is required is setting the initial parameters and activating the bot. Afterward, it will handle everything, including employing risk management across multiple trades at the same time.
Customizable Features
Immediate Bitwave works well for new and experienced traders, providing convenient pre-configured features. However, more experienced traders can also customize features, use indicators, and even reprogram the bot to use advanced strategies within some limits on Immediate Bitwave.
High Potential Returns
Due to its robust computational analysis, Immediate Bitwave is able to achieve profitability levels that are much like, and sometimes more than, those of many experienced traders. Although the exact figures aren’t available, we speculate that its success rate is around 90%, if not higher.
It is not infallible, but trading with the bot gives a significant increase to the chances of profitable trading.
High-Speed Trading
Immediate Bitwave is capable of executing trades at lightning-fast speeds, which even the most experienced of human traders cannot achieve. This speed is beneficial for arbitrage and news traders, and guards against flash crashes by quickly hedging or closing positions to limit losses.
How To Optimize Your Trading With Immediate Bitwave
Traders of various levels can use Immediate Bitwave in many ways. Novice users tend to prefer simple features and easy strategies for profitable trading, while advanced traders typically prefer more complex indicators and sophisticated approaches.
Users, at any level of expertise, can begin their journey with a demo trading account. For beginners, this allows them to become familiar with trading, practice strategy setting, and apply risk management strategies. On the other hand, veterans can polish existing strategies, try out new indicators, and maximize profitability.
After you’ve refined your skills in the demo trading account mode, you can move to the automated trading mode with a live account. This may be optional for seasoned traders, who can implement their tested strategies directly. However, for new traders, it is recommended to use the automatic mode to enhance their trading experience.
Set your trading parameters and activate the bot. In the initial days, ensure to supervise the bot’s execution. If everything runs properly, you can gradually reduce your supervision and allow the Immediate Bitwave bot to do its thing autonomously.
Has Immediate Bitwave Been Featured On TV?
Trading bots often form the subject of online rumors concerning their origin and operations. Recently, rumors suggested that the Immediate Bitwave trading platform sought funding from major business and entrepreneurial shows. We investigated these rumors and found no evidence to support these claims. Here’s what we found:
Dragons’ Den:
In the popular British entrepreneurial show, Dragons’ Den, entrepreneurs pitch their ventures to a panel of investors. Many technology company founders have been featured on the show, but none were associated with Immediate Bitwave.
Shark Tank:
Shark Tank is the US version of Dragons’ Den and has a similar setup. After investigating rumors suggesting that Immediate Bitwave’s representatives had appeared on the show, we found these claims to be unfounded.
CNBC:
The television network CNBC focuses on finance and business, with several shows on these topics. While there were rumors of Immediate Bitwave being featured on one of CNBC’s shows, we found this to be untrue, as the network’s history had no episodes with the bot featured.
Has Immediate Bitwave Received Celebrity Endorsements?
Online claims suggested that Immediate Bitwave formed partnerships with A-list celebrities to promote its services. We made significant research on these assertions, and these were our findings:
Elon Musk:
Elon Musk has long been involved in the crypto industry and has even been associated with affecting crypto markets through his tweets. Despite this, we uncovered no links between Elon Musk and Immediate Bitwave. It appears that he has no involvement with the platform so far.
Bill Gates:
Popular philanthropist and founder of Microsoft, Bill Gates has not shown support for cryptocurrencies. He has publicly criticized decentralized, encrypted networks. We found no connection between Bill Gates and Immediate Bitwave.
Mark Cuban:
Mark Cuban is well-known for his involvement in cryptocurrency, particularly NFTs, actively investing in NFT platforms, and supporting the technology on various TV shows. While there were rumors of Mark Cuban endorsing Immediate Bitwave through a partnership, our investigation found this to be untrue. There has been no official partnership between Mark Cuban and Immediate Bitwave.
5 Guidelines For Safely Using Immediate Bitwave And Managing Risk
1. Start Small:
As a novice trader, avoid going all-in with crypto trading, even if you have precise algorithms. For new investors, the rule of thumb is to avoid risking more than they can afford to lose. Markets can be unpredictable, and unexpected events may occur. Using funds you can afford to lose is essential to avoiding a difficult financial situation.
2. Learn About Cryptocurrency:
Continuously educate yourself, especially when dealing with finances. While relying on an automated trading bot, staying updated with significant events, news reports, and market trends influencing prices is essential. Expanding your knowledge allows you to make informed decisions and build strategies that consistently perform well.
3. Document Your Trades:
Maintain a trading blotter to keep track of your trades and transactions. This record helps you analyze your trading strategy and style, allowing you to make informed decisions and grow as a trader. Furthermore, it serves as documentation for tax purposes, as many countries have crypto reporting and crypto tax frameworks.
4. Save Profits:
Instead of reinvesting all profits, consider taking out a portion and investing it elsewhere. This approach creates a financial cushion, securing your funds in case unforeseen events affect your crypto trading account. Place the piece in a savings account if you prefer to focus on trading.
5. Follow Expert Advice:
If you are a beginner in trading, seeking guidance from financial or trading experts can be indispensable in navigating the markets. Veteran traders can benefit from a sparring partner for creative and strategic insights. Follow prominent figures in the crypto space, but be cautious and focus on the accuracy and reputation of making informed calls when selecting mentors.
Twitter can be a good starting point for finding industry insights, but ensure to prioritize substance over mere popularity to gain an advantage in trading.
How To Get Started With Immediate Bitwave - Step-By-Step Guide
Using Immediate Bitwave is easy. If you have decided to use this auto-trading bot, then follow these simple steps:
1. Register for an Account:
Visit the Immediate Bitwave website and complete the sign-up form with the details requested. Once done, you’ll receive a confirmation email containing a verification link for your Immediate Bitwave account.
2. Complete the Registration Process:
Confirm your new Immediate Bitwave account by clicking on the verification link. Next, complete KYC verification by providing a government-issued ID and an official document displaying your name and address, such as a bank statement or utility bill. After successful validation, you’ll be notified to choose a certified and legitimate broker. Open an account with the chosen broker and complete the verification process.
3. Decide on Your Trading Strategy:
Now, you need to choose your trading strategy. You can test out new approaches, use existing ones, or create your own custom strategy. Remember, it’s fine if it is not perfect immediately; you’ll experiment with it in the demo mode first.
4. Practice with the Demo Account:
Use the demo Immediate Bitwave account to test your chosen strategy. For beginners, your initial strategy might yield a result different from your desired result, and that’s completely normal. Use this phase to refine and polish your approach.
5. Make a Deposit:
Once ready, fund your Immediate Bitwave account to access a live account. The minimum deposit required is $250. Make sure the available deposit methods fit your needs.
6. Set Up Automatic Trading:
After setting up your live account, activate the automatic mode to implement the refined trading strategy from the previous steps. Now, you can allow Immediate Bitwave to simply handle the trading account for you.
Immediate Bitwave: Assets, Market, And Options
What Can You Trade Using Immediate Bitwave?
Immediate Bitwave offers support for more than 14 cryptocurrencies, including popular ones like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Bitcoin Cash (BCH). Furthermore, the Immediate Bitwave trading platform offers access to equities and currency pairs.
Using CFDs, you can explore over 30 crypto pairs, enabling you to take both long and short positions. This means you can benefit from rising and falling markets.
To illustrate, a trader opens a $300 Bitcoin long position when BTC’s price is $20,000 per BTC, predicting that it will rise. If the price goes up to $23,000, the trader will make a $45 profit. However, if the price falls to $18,000 per BTC, the trader would suffer a $30 loss.
Can I Use Immediate Bitwave In My Country?
Can I use Immediate Bitwave in the US? | No |
Can I use Immediate Bitwave in the UK? | No |
Can I use Immediate Bitwave in Australia? | Yes |
Can I use Immediate Bitwave in Sweden? | Yes |
Can I use Immediate Bitwave in Germany? | Yes |
Can I use Immediate Bitwave in Austria? | Yes |
Can I use Immediate Bitwave in Switzerland? | Yes |
Can I use Immediate Bitwave in Denmark? | Yes |
Can I use Immediate Bitwave in Finland? | Yes |
What Leverage Options Are Available With Immediate Bitwave?
Immediate Bitwave offers leverage of up to 100:1 on CFD trades, allowed in specific jurisdictions such as Cyprus, Malta, and the Seychelles. However, it’s essential to note that this leverage is not permitted in the US. Leverage allows traders to improve their position size and margins without increasing their capital.
Although leverage can be beneficial, it comes with significant risk and can potentially lead to significant financial losses. Proper risk management practices should be in place when using leverage to mitigate risks.
What Are The Spreads On Immediate Bitwave?
The specific spread on Immediate Bitwave varies, based on the exact crypto pairs, brokers, and platforms. You should check with the brokers for the exact spread, as they typically provide this information on their websites. It’s important to remember that market conditions and other factors can cause crypto spreads to fluctuate.
Final Thoughts On Immediate Bitwave
The Immediate Bitwave trading platform is an automated trading bot that assists cryptocurrency trading, including Bitcoin and other digital assets. The platform utilizes data analytics to study the relationships between market variables, enabling it to correctly predict future price movements based on historical trends. This statistical approach allows the bot to execute accurate trades swiftly.
Useful for beginners and experienced traders, Immediate Bitwave provides a vast array of features appealing to newcomers to start trading and can be customized to fit the specific needs of veteran traders. A minimum of $250 is required to get started, and you can use various methods including bank transfers, credit card payments, electronic wallets like PayPal, or cryptocurrencies like BTC, ETH, XRP, and LTC.
Visit the Immediate Bitwave website, register for an account and complete the verification process to start trading.
Review Methodology
As part of our review process, we gather information from various sources, like tests, reviews, and testimonials across the internet. We give a balanced portrayal of Immediate Bitwave’s performance by considering various perspectives. We understand the prevalence of false reviews on the web and aim to compare information properly to deliver an honest, Immediate Bitwave review.
Browse through our why trust us and how we test pages for more details on our testing process.