Bitcoin Trader: Scam or a Trustworthy Robot?
The automatic trading software of Bitcoin Trader was created in 2017 by Gary Roberts.
With this platform, he claims to automatically buy and sell Bitcoin to make a profit by following the trends of the crypto market and placing trades automatically and 0.01 seconds faster than the competition.
With Bitcoin Trader, you no longer need to manually buy and sell Bitcoin on an exchange.
Even beginners can register, create an investment plan and use the automated trading functionality. In this Bitcoin Trader review, we will examine whether the software is a scam or not.
Bitcoin Trader software is used to trade Bitcoin and five other currencies on the crypto market.
The platform claims that with a trading fee of €250, it can generate at least €1,300 in daily profits for its users.
Is Bitcoin Trader Trustworthy?
To examine the reputation of the Bitcoin Trader platform, we analysed its registration procedure, robot functionality and financial confidence.
So the question is whether Bitcoin Trader is a scam or trustworthy.
When discussing automated trading robots like Bitcoin Trader, it is often not clear whether you can trust them when they claim to have great accuracy and can generate a lot of profit.
According to the reviews we found online, you can trust Bitcoin Trader.
But we believe that people are much more critical when evaluating Bitcoin trading platforms because such robots are relatively new. We tried not to be influenced by such prejudices and tested this platform to let you know what our findings are and what you can expect from it.
To get the best results, we also played with the different settings that Bitcoin Trader offers, such as Fibonacci.
We have tested the Bitcoin Trader trading software and found the following:
- The software's trading signals claim to have a potential return of up to 88%.
- The software is free and the app is highly functional. Of course, there are always risks associated with automated trading.
- We recommend everyone to start with an investment of up to €250.
- Here you can try Bitcoin Trader and read more about its different functionalities.
What is Bitcoin Trader?
According to Bitcoin Trader's software, users do not need to trade manually or set trading indicators, and trades are executed within minutes and with great accuracy.
Reportedly, unprofitable trades are rarely placed, which may have led to Bitcoin Trader becoming such a popular robot.
While human traders need a lot of time to do the right research and figure out the most potentially profitable investment, Bitcoin Trader claims to do the same research in minutes.
So you don't have to put in any effort!
As you may already know, the crypto market is known to be very volatile. Although the robot may have done its job well, sometimes the market direction can make strange jumps, causing investments to not yield the expected returns.
According to the Bitcoin Trader platform, this does not happen often, but it is important to always keep in mind that this is a realistic scenario at any time.
How does Bitcoin Trader work?
It is perfectly normal if you have many questions about the Bitcoin Trader trading robot.
Don't worry though, we will do our best to answer all your questions.
So, how does Bitcoin Trader work? Basically, it is very simple.
The most important thing to know is that Bitcoin Trader works independently from user input.
The platform is 100% automated and not controlled by any person. Once you register, set up your account and deposit money you are ready to go.
All you have to do from then on is to take a few minutes every day to verify your preferred trading settings and activate the automatic trading mode.
Then the Bitcoin robot will behave like an investor and place the number of transactions you have set. To do this, the software uses relevant statistics. Basically, this means that the software's algorithm is designed to scan the many data from the crypto market for certain trading indicators.
Based on this, the robot can start buying and selling crypto coins.
With our analysis we experienced that when using the platform it is feasible to earn back up to three times your investment in just one day. However, you should also bear in mind that you can lose the invested capital just as quickly, depending on the specific market conditions prevailing at the time.
How to Open a Bitcoin Trader Account?
Are you ready to create a Bitcoin Trader account and make more money with this software?
Be sure to read the instructions below:
STEP 1: Creating your account
To sign up, go to the Bitcoin Trader website. If you scroll down you will see the registration form that you need to fill in to create an account on this platform.
The registration process itself is quite simple as there are only three steps to follow. Moreover, there is no service charge.
To successfully complete this step, you need to enter your full name and email address.
This is a combination of numbers and letters. Then you need to choose your country and enter your phone number. After completing these three steps, click on the "Register Now" button to sign up.
The entire registration process should be hassle-free and should not take more than 2 minutes.
STEP 2: Funding your account
Once you have successfully completed the registration process, log into your account using the details you entered during registration. To be able to trade live you will need to fund your account with a minimum of €250.
Our advice is to start with this amount and no more. However, as with any investment, you should be aware that there is always a risk of losing your capital.
Therefore, only invest the amount that you can afford to lose in the worst possible scenario.
The Bitcoin Trader platform offers several payment methods to fund your account. The best way to deposit funds is by credit card.
To do this, you need to provide your card number, card type (MasterCard, Visa or Maestro), validity period and security code.
Don't worry, the payment gateway is secured for online transactions with the SSL certificate, which prevents theft of financial information.
STEP 3: Practice with a demo account
The software offers you the opportunity to initially practice with a demo account.
We always recommend that users do this effectively as it gives you the opportunity to gain experience before you start trading with real money.
This demo environment not only gives you access to all trading features, but also allows you to place trades with a demo balance.
Once you have mastered the system and are sure how the Bitcoin Trader trading platform works, you can deposit real money into your account and start trading live on the crypto market.
STEP 4: Live trading
Once you have funded your account, all you need to do is change your trading settings to be able to trade live. This includes entering the desired investment per trade, the maximum amount per trade per day and the desired profit.
If you want, you can also choose which currency pairs to trade with, such as BTC/EUR, BTC/USD, XRP/EUR and so on.
It goes without saying that the more you know about these tools, functions and procedures, the more likely Bitcoin Trader can generate profits for you.
So we recommend that you start small and gradually increase your investment as you take your trading to the next level.
If you do not want to start trading with real money right away, you can practice with the demo account first. This gives you the chance to practice in a realistic environment and see for yourself how the platform works.
When you are ready, you can switch to a live trading environment.
Bitcoin Trader main features
Our analysis shows that Bitcoin Trader is one of the most reliable trading platforms to trade crypto currencies.
There are several aspects of the Bitcoin Trader software that convinced us that it could be a good platform to trade with.
Here are some examples:
The Bitcoin Trader platform is easy to use.
You need absolutely no experience and do not need to be a financial expert or programmer.
You do not even need to know anything about the crypto market.
All you need to do is master the trading platform, click on "auto-trade" and wait for your balance to grow.
Bitcoin Trader offers impeccable customer support.
You can contact the service team at any time. The website even claims that the staff is available around the clock.
For our analysis, we tried to contact the customer support service during the day.
They responded within minutes in a satisfactory, friendly and helpful manner. Whatever your question is, they will certainly be able to help you.
The only thing we are not 100% sure about is whether they would actually respond to messages at night, as we have not tried this ourselves.
There is a demo account available.
This trading account allows you to try out the platform in demo mode before funding your account with "real" money.
Believe it or not, but such a demo account is not a given; only a handful of robots offer this kind of feature. This kind of practice environment can be a great help, especially for beginners or users who are new to the platform.
It allows them to familiarize themselves with the functions, the different features and all the other tools available on the platform.
Once you feel ready to trade with real money, you can fund your account and place live trades.
Bitcoin Trader works faster than human traders.
As we mentioned earlier, users do not need to spend hours on the platform.
You only need to check your account from time to time, adjust some parameters if needed and activate the automatic mode.
Then, within seconds, the software will analyse all relevant news and automatically place transactions. All this in less than 10 seconds!
Human traders would need several hours for the same calculations ...
Make money with Bitcoin Trader
Based on the information from other reviews, it seems perfectly possible to make money with Bitcoin Trader.
The platform presents itself as extremely profitable, although of course there is always a possibility that you will see your investment go up in smoke.
Therefore, when trading crypto currencies, it is best to keep the following recommendations in mind:
Start with small amounts.
The minimum deposit on Bitcoin Trader is €250, which is an acceptable amount to start with if you are new to the crypto market.
With this, you should be able to make a profit, even though it may not be as much as the platform promises.
On the other hand, losing €250 is unlikely to have an indelible impact on your financial situation. So start with small amounts and when you see that you are making a profit, you can slowly increase your investment.
Record your profits.
If you make a profit, it is best to withdraw a certain percentage of this amount from your account.
After all, it is best never to invest too much money again, because there is always a risk of losing it.
Follow the wise words of experts.
Online you can watch some great videos that explain the best strategies to follow when trading live with robots like Bitcoin Trader.
Watch these videos as they will give you important background knowledge. Only invest what you can afford to lose.
And of course, never invest more than your disposable income. We really wouldn't want you to lose everything.
Although Bitcoin Trader seems to be a profitable platform, there is always a chance that you will be unlucky and lose your investment.
After careful investigation, we can conclude that Bitcoin Trader is reliable and works very well. In fact, our analysis shows that some users have earned between €200 and €1,000 per week using this automatic trading robot.
However, we recommend that you practice with the available demo account first.
Once you know how everything works, you can move on to live sessions. To do this, it is best to start with a small investment of £250. When you notice that you are starting to make profits, you can slowly add more money to your account to further build up your profits and balance.
Frequently Asked Questions
Bitcoin Trader is an automatic Bitcoin robot designed by Gary Roberts to help investors trade Bitcoin and other crypto currencies.
However, there are rumours online that Bitcoin Trader is a scam, but no one has ever been able to substantiate these claims.
Our analysis has led us to conclude that Bitcoin Trader is a reliable Bitcoin robot.
The Bitcoin Trader platform is free but there are fees for working with the different brokers that this robot works with.
However, the amount you deposit into your account is yours to use to make transactions. The minimum amount required to trade live is €250.
There is no Bitcoin Trader mobile app but you can access your account using your mobile browser.
Bitcoin Trader is compatible with the mobile version of the browser so you can still use it on your mobile device to monitor your account anytime, anywhere.
By now, it is no secret that lots of people are making money trading Bitcoin.
Automated applications, such as Bitcoin Trader, are simply tools that make it easier for users to trade Bitcoin.
As a Bitcoin Trader user, you should just keep in mind that there are several risks involved in trading Bitcoin and other crypto currencies. However, the higher the risk, the higher the potential reward.