A Review of Bitcoin Trader – Scam or Legit?

Ever wondered why there are so many new crypto millionaires and retail traders? It’s all thanks to automated trading applications like Bitcoin Trader. They give—or more accurately—claim to give traders an extra edge, allowing them to enter trades in the crypto market and walk away with returns many times their initial deposit.

Crypto trading apps developers have become the new frontier for legitimate and illegitimate business dealings, with new money flooding the cryptocurrency market every year. Most trading platforms that offer wild returns and promises are every bit as fraudulent as you perceive them to be. However, every once in a while, you’ll find an exception to the norm, and we think Bitcoin Trader might be just that.

In this post, we’ll look over everything that makes Bitcoin Trade what it is. We’ll answer questions that you might have, closely review their operations and services, and give you a verdict on the legitimacy of the trading platform.

What is Bitcoin Trader?

Bitcoin Trader is a robust multi-layered trading platform that allows you to trade cryptocurrencies like Bitcoin, Monero, Ethereum, Litecoin, etc., and access the Forex market.

The biggest selling point of the Bitcoin Trader is that it allows you to enter positions, trade, and profit automatically with its proprietary predictive software. If you prefer manual trading, you can trade using their suite of 6 world-class trading indicators over seven different time zones.

The Platform claims to have a win rate of 99.4% on all trades and promises to make you $1300 per day with a modest minimum deposit of $250 on the AutoTrader.

Robot Rating Properties Trade
circuit
Good Choice
$250 Min Deposit98% – Success RateVery Easy To Use Trade Now

Brief History of the Platform

Gary Roberts founded Bitcoin trader in 2017. In the years leading up to its release, he devoted countless hours to perfecting the software that has made his name famous among traders and personalities in the cryptocurrency scene today.

Bitcoin Trader claims to give you an edge over the market and claims to be 0.01 seconds faster than other trading bots and predictive traders.

How Does Bitcoin Trader Work?

BitcoinTrader does its magic by drawing in historical data and mapping out market trends, after which it generates signals using complex algorithms. The signals are then sent to a group of experienced brokers who review and execute trades on behalf of a user.

Bitcoin Trader claims to have an adaptive algorithm to learn from trades, mistakes, and false-positive signals. They say that it should be able to learn and improve its already impressive success rate over time.

Registering and Using Bitcoin Trader

Setting up a Bitcoin Trader account is straightforward. The sign-up process is similar to most trading platforms, services, and bots we’ve reviewed and used over the years. It takes about five minutes to register and set up the trader. Here is our experience registering on the platform.

Visit the bitcoin trader site.

Enter the URL for BitcoinTrader, and you’ll find their home page. You’ll be greeted with promotional marketing showing testimonials and performance achievements like a high win rate and profit estimations.

You should find the sign-up page if you scroll downwards. The Bitcoin Trader registration form will require you to fill in personal information like our email address, name, password, phone number, and country.

After submitting, you’ll be directed to a page showing the brokerages affiliated with Bitcoin Trader. The brokers, as we’ve mentioned, will handle your trades suggested by the trading bot. The broker you choose will require you to fill out personal billing information, which will be used to process deposits and withdrawals.

Making a deposit

After sign-up and registration, funding your account comes next. The minimum deposit for Bitcoin Trader is $250. You can fund your account through any of the payment methods they support. These include Visa, MasterCard, Wire transfer or Maestro, or E-wallets like PayPal, Skrill, etc. Additionally, Bitcoin Trader also accepts cryptocurrencies like Bitcoin and Ethereum.

As its standard, you’ll have to fill in your card details if you’re using a debit or credit card or your wallet address if you’re depositing with an E-wallet account. Don’t be afraid to fill in your full information. Bitcoin trader uses SSL encryption, meaning no other party except your broker has limited access to your personal billing information.

Make use of their demo account.

With that settled, you’re officially a proud registered member on the platform. This means you can access their suite of amazing trading resources, one of which is the demo trading account. They help first-time bot users and new traders familiarize themselves with the platform, interface, and trading features.

Each trader is provided with a modest trading balance to speculate and trade using the AutoTrader and indicators and other helpful features. There are no time limits on access to the demo account, so you can spend as much time as you need honing your skills. Bitcoin Trader also provides basic trading tips and tutorials to speed up the learning process and help you develop confidence and competence.

Live trading

Live trading is the next step once you’ve outgrown your demo trading account. You’ll be trading with your deposit this time and should have a decent mastery of Bitcoin Trader’s interface and features.

Now that you’re trading on a live account, you can decide to either trade on your own with the indicators, charts, and other features provided or use the AutoTrader features, which will predict profitable trades and have experienced brokers curate signals for you.

At this point, your trading experience shines through. Spend time setting up the right strategies, money management tips, and indicators to increase your chances of success.

However, it’s important to mention that Bitcoin Trader cannot guarantee you profit despite their marketing and advertising. Start small, and experiment with the manual trader and the live AutoTrader. Everything becomes that more complex when you’re trading with your real money.

A Closer Look at the Features of Bitcoin Trader

Bitcoin Trader boasts of a robust library of features for eager retail traders and investors. Here is a look at their performance.

The AutoTrader

Auto-trading apps and services are highly controversial because they’ve proven unpredictable and unreliable across multiple platforms. Most investors are instantly turned off by crypto trading robots that promise wild returns and high payouts.

Bitcoin Trader, however, switches things up by collaborating with internationally licensed brokers, thereby adding another layer of authenticity and accuracy. The brokers act as makeshift portals to the booming cryptocurrency markets as they curate trades before executing them.

The AutoTrader works better than we’d expected. It has a fleshed-out interface, offers access to multiple cryptocurrencies, and trades well enough. The return rates are high but not as impressive as Bitcoin Trader claims, which was somewhat expected. Overall, the AutoTrader is impressive.

Verification and Security

The Bitcoin trading platform utilizes SSL encryption in addition to simple personal data verification. The combination is not foolproof, and we expected something more thorough, but it is fast and safe enough. We’ve not found any reported data breaches.

Withdrawal process

Bitcoin Trader’s withdrawal portal is fast and reliable. By linking your bank to Bitcoin Trader, you get speedier withdrawals and deposits. You could also set up instructions that execute automatically. We tested the withdrawal speeds, and it took 24 hours on average to process.

Fees

Bitcoin Trader charges no upfront fees for using their trading platform. Instead, you’re charged a little commission depending on how profitable your trading sessions went. This seems fair and transparent. This way, you are not stuck paying for a service you don’t use or enjoy.

Customer support

This is the backbone of any Trading Platform or service platform. Traders need to get immediate answers and solutions to problems they encounter using the platform’s features, and Bitcoin Trader has excellent customer support. They are available 24/7 and are eager to help investors and retail traders whenever they need it. You can access them via chat and emails.

Trading indicators

The AutoTrader is just one part of Bitcoin Trader, the manual trader makes up the other part, and it is just as important. The trading indicators are standard, clean, and efficient – basically what you’d expect from just about any trading platform out there.

There are six indicators available to use across seven different time frames. There are also comprehensive features like the charting tools. With an above-average knowledge of the cryptocurrency markets, you can take out positions with the tools provided and turn a profit without hassle.

Criticisms of Bitcoin Trader

There are no guarantees.

As we’ve already mentioned, there are no guarantees for trading, especially on volatile cryptocurrency markets. You are as likely to win money as you are to lose it, and despite what Bitcoin traders might advertise, you might not get those returns.

The algorithm does not factor in external influences

Trading bots get a bad rep because they are ultimately limited in their ability or predict trades and turn a profit. They cannot factor in real-life influences to the market like government policies, statements by large institutions, or personalities.

The cryptocurrency space is a melting pot of opinions, speculations, and contrasting views. It is nearly impossible to ignore the importance of fundamental analysis. Bitcoin Trader relies on historical data and patterns, and even with the brokers, it is not perfect.

Not available in the USA

As of writing, Bitcoin Trader does support operation or provide its service in the United States. US-based traders are better off trying other trading platforms or re-routing access through a VPN.

Is Bitcoin Trader A Scam?

Bitcoin Trader works well enough as a trading and auto-trading service and platform. While the site is not perfect—not that any service really is— we think it’s worth trying out.

Internet discussion is divisive about the trading platform. Some swear it’s the best trader they’ve ever used; others think it’s a waste of time. There’s talk of Elon Musk and TV shows like Shark Tank endorsing the service, but none of those claims have been confirmed.

We think it best not to form an opinion about Bitcoin Trader until you try it out yourself. It is free, and Bitcoin Trader only gets paid when you get paid. The upside is immense, and you have nothing to lose.

Robot Rating Properties Trade
circuit
Good Choice
$250 Min Deposit98% – Success RateVery Easy To Use Trade Now

Frequently Asked Questions about Bitcoin Trader

How much money should you deposit on Bitcoin Trader?

We advise that you start at the minimum deposit of $250 and test out the demo trader before you make any trade. Invest more money after your first few successful traders on the platform.

Should you use strategies suggested by brokers on Bitcoin Trader?

Brokers are there to guide you and help you make money. Listen to their advice, but use your better judgment. Experiment with strategies outside those recommended to you by the trading platform.

What devices can you use Bitcoin Trader on?

You can use them on all devices. Bitcoin Trader is available on your PC, phone, and on different operating systems. The Bitcoin Trader platform does not have an app, s you have to access their features and services via your browser.

Verdict

Compared to other trading bots, Bitcoin Trader seems almost generous in its offerings. There are no upfront costs on registration, withdrawals and deposits are speedy, and the profit projections are sky-high.

With the platform structured as is, it’s very difficult to lose money, be duped, or robbed without trading, which is commendable. However, Bitcoin Trader downplays the risk to your capital, and the manual trading suites could be better.

Ultimately, we think Bitcoin Trader is best for new traders and investors looking to profit. Its AutoTraderserves as a great complement to your foundational trading skills, functioning as an added layer of signal confirmation. Signing up on the Bitcoin Trader platform can be beneficial regardless of what experience and skill level you’re at.

Start your financial journey today

Robot Rating Properties
circuit
Good Choice
$250 Min Deposit98% – Success RateVery Easy To Use

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