Bitcoin Profit: Scam or a Trustworthy Robot?
Bitcoin Profit is an automated trading platform that claims to make money for people by buying and selling crypto currencies at the right time, with a claimed win rate of as much as 92%: very profitable!
The Bitcoin Profit software, also known as a Bitcoin robot, uses a complex trading algorithm to measure market conditions and detect any market trends in the crypto world.
These signals are then used to automatically open (buy) and close (sell) trades.
The Bitcoin Profit software completes this trading process on autopilot, making it easy to use for people who have little or no experience with this type of trading robot.
Maybe you have read about Bitcoin Profit in a Facebook ad, which claimed that people get rich by trading crypto currencies?
In this review, we will look at whether Bitcoin Profit is trustworthy and how it operates in the relatively new crypto market.
Is Bitcoin Profit a Scam?
Who isn't looking for the ultimate way to make money online?
This is precisely why automated trading robots have become so popular recently.
While some robots claim to be able to generate up to thousands of dollars daily on the crypto market, not all of them are able to deliver the promised results.
Bitcoin Profit claims to be able to offer one of the highest win rates on the market. If you search the internet for reviews of this trading robot, you will quickly notice that the search query "Bitcoin Profit scam" is hugely popular.
However, after a thorough analysis of the software and user testimonials, we concluded that most people have had a positive experience with this trading robot.
We have tested the software extensively and have found that it seems legitimate and reliable.
In this article you will read everything you want to know about this software and find out if it is worthwhile to trade crypto currencies with Bitcoin Profit.
It is no surprise that Bitcoin Profit is one of the most popular Bitcoin robots of 2020. This Bitcoin trading platform has some interesting features:
- It claims to be able to offer a profit percentage of as much as 92%.
- The minimum deposit is only € 250
- It accepts both debit and credit cards
What is Bitcoin Profit?
Bitcoin Profit automated trading software was developed by John Mayers. This robot claims to be 0.01 seconds faster than the market average in the crypto market.
Like several other automated trading platforms, Bitcoin Profit sends signals about daily market trends and then closes buy and sell transactions without human intervention.
This allows thousands of people to pick up interesting trading signals and make a profit every day.
Several similar platforms on the Internet claim to be able to generate profits from the crypto market.
When the term Bitcoin appeared, people started to become aware of the real value of investing in an asset class like Bitcoin.
A lot of people managed to become millionaires overnight by investing money in Bitcoin.
For example, Bitcoin was even the word with the highest search volume in Google at the end of 2017!
How does Bitcoin Profit work?
The way the software behind Bitcoin Profit works is very simple.
The trading platform provides its users with free crypto trading signals, finds exit points, and in collaboration with a broker will automatically buy and sell Bitcoin (also known as buy and sell orders) on the trading platform.
Moreover, what is advertised on the home page of Bitcoin Profit is true, namely that John Mayers' algorithm is completely free.
Are you wondering why the developers of Bitcoin Profit offer the platform for free?
Well, the reason is quite simple; they make their money by keeping a small percentage of their users' total profits.
This means that Bitcoin Profit's founder already believes that his trading platform is easy to use and will make many users happy.
Warning!
Like any investment, there are risks in using Bitcoin robots. Therefore, you should only invest what you can afford to lose.
How do I place a transaction on Bitcoin Profit?
The way the Bitcoin Profit platform works is quite simple and will help you from A to Z in devising a good trading strategy.
To sign up, create a Bitcoin Profit login, and trade crypto, you need to complete the following steps:
STEP 1: Create and verify an account
First of all, you need to create a Bitcoin Profit account.
You need to fill out their registration form with basic information such as your first and last name, your email address, and your phone number.
Then you need to create a password that is easy to remember but also strong enough.
Once your account is created, you will automatically be assigned a broker.
This broker is the one that the Bitcoin Profit software uses to make transactions.
STEP 2: Funding your new account
Once you have selected the option to fund your account, you are taken to the website of your selected broker.
This is simply a pop-up that opens within the Bitcoin Profit platform. This way you do not have to go all the way back to find your way in the trading platform.
The minimum deposit of €250 can be settled with a wide range of payment methods, such as Skrill, MerchantPay, GiroPay and SafePay.
Of course, traditional debit and credit cards are also accepted.
It is true that the more money you invest, the higher your profits can be. However, to get started, we recommend you start with the minimum amount of €250.
This will give you the time you need to get to know the platform better.
STEP 3: Demo account
You can practice with a demo account before or after making your first real money deposit. Once you have selected the demo mode, you will be given an initial tour.
This way you can learn about every functionality of the platform and trade crypto currencies even as a beginner.
On your demo account you will have a total balance of € 1500 to practice with. The whole process is extremely simple, so you don't have to set any trading parameters or think about a trading strategy.
By simply activating the automatic trading function, the software will automatically start trading crypto currencies.
STEP 4: Switching to a live account
Once you are familiar with the Bitcoin Profit platform and ready to start trading live, you just need to enable the automated trading feature.
From your account dashboard you can check your trading history, add stop-loss settings, deposit additional funds, open trades, withdraw your profits and adjust the different parameters to suit your personal goals.
Bitcoin Profit trades with many currency pairs, including BTC/USD, ETH/USD, XRP/USD, LTC/USD and Crypto/Crypto. The crypto currencies available on the platform are Bitcoin, Ethereum, Ripple and Litecoin.
To start your automatic trading session, all you need to do is set your trading goals, the amount you want to spend per trade, the number of trades and any limits, such as stop loss or take profit.
Once you have chosen your trading strategy and configured the software, you can start using Bitcoin Profit and start trading live.
Can you make money with Bitcoin Profit?
The Bitcoin Profit software claims that it can generate a lot of profit. This is supported by the award that the platform received from the American Trade Association.
Just as other users mentioned in their testimonials on the website, the trading platform was easy and simple to use when we tested the demo in automatic mode.
Bitcoin and other crypto currencies are very lucrative but also have very high trading risks due to their volatility.
Trading Bitcoin Profit can be useful for new and experienced traders who may be interested in trading crypto currencies, but do not have time to watch the price movements.
Below we would like to share with you some tips on how to use Bitcoin Profit for the best trading experience:
Always use the time of the US East Coast.
Always use US East Coast time because that way you are trading according to the opening hours of Wall Street in New York.
It is during these hours that Bitcoin shows the most volatility and is therefore the most interesting to trade.
Start with small amounts to keep your feet on the ground.
Some people invest a huge amount in one go.
Instead, it is best to start with modest amounts in order to master the numerous settings of the platform. Once you have gained some experience, you can slowly add more capital to your account.
Let the robot run at least 8 hours per day.
This does not even require you to check your account regularly.
Just do what you always do while the robot does all the hard work for you.
Take advantage of the 'compound' effect by reinvesting some of your profits.
Most experienced investors recommend reinvesting around 80% of your profits.
This strategy has allowed some traders to make millions of Euros in a limited time!
Why Trade with Bitcoin Profit?
Some automated trading systems guarantee an extraordinary conversion rate and performance.
The problem is that you will always find something that does not work as well as Bitcoin Profit for trading crypto currencies.
This is what makes Bitcoin Profit unique:
Bitcoin Profit has an intuitive and user-friendly platform.
This is definitely one of the features that makes Bitcoin Profit stand out from other trading robots.
The software performs detailed market analysis, but Bitcoin Profit's ease of use is truly unique.
Therefore, it does not take long at all to start using Bitcoin Profit's platform.
Bitcoin Profit claims to have a high win rate.
Another remarkable difference between Bitcoin Profit and other platforms is the number of transactions that are posted.
In principle, this platform can offer such a high win rate because it places several simultaneous transactions; for example, from a deposit of € 250 it places ten transactions of € 25 each.
Demo account and tutorials.
Within the platform, you can create a demo account to familiarise yourself with the software and various features, such as stop loss.
If you have access to your mirror trading account, an account created with the broker at the same time that you register on Bitcoin Profit, you can access many tips and tutorials related to crypto currency trading.
This will significantly increase your profit opportunities!
Excellent customer support.
Another strong point of Bitcoin Profit is their impeccable customer support. You can contact one of their representatives at any time from your dashboard or from the homepage.
The fastest way to get an answer is through the live chat that the platform offers.
Excellent customer support.
Another strong point of Bitcoin Profit is their impeccable customer support. You can contact one of their representatives at any time from your dashboard or from the homepage.
The fastest way to get an answer is through the live chat that the platform offers.
Is there a Bitcoin Profit app?
At the moment, there is no Bitcoin Profit app available on the market.
However, you can access the software from any mobile device with an Internet connection so that you can benefit from the same features that you would if you were connecting from a desktop or a laptop.
Is Bitcoin Profit legitimate?
Yes, Bitcoin Profit is legitimate.
However, it is not a guaranteed success, and sometimes people want to think that it is. Although Bitcoin Profit is an automatic trading robot, it does not mean that you will automatically make a profit. The crypto market remains volatile and besides high rises, there can sometimes be high falls as well.
Therefore, always stay critical, think before you trade. If your trading results are disappointing, this does not mean that your trading platform is not legitimate.
Bitcoin Profit: Our Decision!
Although many people are already trading Bitcoin, it is such a complex business to invest in that not everyone understands the true value of crypto currencies. Smart and successful business people have found the best way to get started with Bitcoin and make a lot of money trading Bitcoin and other crypto currencies.
The bad reputation of automated trading robots comes from the fact that some users who have never traded in their lives set up a trading account and expect it to be 100% foolproof.
In reality, however, there is a lot of volatility associated with live trading, both with forex and with Bitcoin and other cryptocurrencies.
Although our analysis shows that Bitcoin Profit is a reliable automated trading robot, new investors should always start with a modest investment to test and master the platform's software.
To increase your chances of a positive trading experience, we recommend an initial investment of no more than €250.
However, you should always bear in mind that profits can never be guaranteed and you may lose your initial deposit and profits at any time. Therefore, only invest what you are prepared to lose.
Frequently Asked Questions
It is indeed true that Bitcoin Profit claims to have a high win rate of 90% and above.
No celebrities or self-made billionaires, such as Elon Musk, claim to use the Bitcoin Profit platform.
Therefore, these rumors could not be proven until now.
No, this is not possible. The reason for this is that Bitcoin Profit does not offer a cryptowallet on its platform.
Therefore, users do not need to 'physically' own Bitcoins or other crypto currencies to use the platform.
The Bitcoin Profit software is designed for everyone, from users with no or almost no trading experience to users who have accumulated a lot of experience trading crypto currencies over the years.
I have seen other robots that look similar to Bitcoin Profit. Are these all developed by the same person?
Since 2017, many companies have started investing in automated trading software and solutions.
The reason why there are many platforms that look like Bitcoin Profit is because of Bitcoin's popularity. However, this does not mean that there is no scam software out there.
You should always do your own research and gather the necessary information before depositing money into the account of a Bitcoin robot or a live trading platform.
No, Bitcoin Profit software does not depend on user knowledge to work properly.
Although it is obviously better to have at least some basic knowledge about crypto currencies, it is not required to be able to trade.
All you need to do is fund your account with a minimum investment of €250.
Once this is in order, you can start trading crypto coins.
