Bitcoin Up Review – Legit or Scam Robot? Find out now!
Bitcoin Up is an intelligent computer program equipped with algorithms that enable it to trade bitcoin on behalf of users.
All you need to trade with Bitcoin Up is follow the provided instructions. Bitcoin Up doesn’t require any special skills to operate. The robot seems popular with users given the nearly excellent score on consumer feedback platforms.
Users seem happy with its alleged ROI of up to 300% daily. Since launch, Bitcoin Up has supposedly helped at least 10% of its users join the bitcoin millionaire club.
This review takes a deep dive on Bitcoin Up to determine if it’s legit. We will also offer trading tips to help beginners get the best out of it.
Bitcoin Up Review: Key points!
This robot allegedly earns its users thousands of dollars daily from an investment of as little as 250 USD.
You do not need any BTC trading know-how to trade with Bitcoin Up. Simply register an account, watch the trading tutorials, and go live.
Bitcoin Up trading tech is powered by Artificial Intelligence (AI). All of the worlds most reputable trading bots are based on this technology.
With Bitcoin Up, you can speculate on BTC without having to buy it physically. The robot bets on BTC volatility relative to other crypto and fiat currencies. Volatility trading is easier and is allegedly more lucrative than buying the asset physically.
Bitcoin Up is powered by select brokers whose roles include order execution, trading conditions provision, and transactions facilitation. The brokers seem adequately regulated, and hence users have an assurance of the safety of their deposits.
With 128-bit encryption on its platforms, Bitcoin Up guarantees users of top-level cyber safety. The robot also seems compliant to all data protection measures that matter.
Bitcoin Up allegedly provides immense money-making potential, but it isnt risk-free. Consequently, approach it the same way you would approach high-risk investments. Only invest a small portion of your wealth.
What is Bitcoin Up?
Automation is taking over most industries and is doing so at an exponential rate in the financial sector. Today, wealth management and trading functions that were initially dedicated to quants are being taken over by auto-trading machines.
The assets managed by these machines in the US alone have already exceeded a trillion and are expected to hit $5 trillion by 2022. Popular asset management robo-advisors in the US include the likes of Betterment and Accenture.
When it comes to trading, the world-leading hedge funds are resulting in trading robots. Some of the worlds best trading bots are said to have the power to generate hundreds of millions of dollars in profits within a short period. A good example is what was used by Navinder Sarao to cause the flash crash of 2010.
Bitcoin Up is a trading robot that is dedicated to BTC trading only. The robot bets on BTC through a derivative known as a Contract for Difference (CFD). CFDs allow traders to capitalize on asset prices movements without having to buy the asset physically. Bitcoin Up offers popular BTC CFDs pairs such as BTC/USD, BTC/ETH, BTC/GBP, BTC/BCH, and BTC/EUR among others. In total, users get exposure to over 45 pairs.
How does Bitcoin Up work?
Bitcoin Up is a trading robot that connects to the markets through select brokers. The robot carries out trading research and relays the insights to the broker for execution.
Robot brokers offer unique order execution systems to ensure that all orders execute instantly. Failure to fulfil orders instantly can result in slippage and hence losses. Slippage happens when there is a change in bid/ask price.
Consequently, the order executes at a price that is different from the intended one. Slippage can be favourable or unfavourable, but its better to avoid it altogether.
Robot brokers mandates also include the provision of leverage and facilitation of transactions. Most trading robots arent regulated as financial institutions and hence must rely on a broker to receive deposits from the public. Regulators across the globe require all firms receiving deposits from the public to register as financial institutions and to adhere to a set of guidelines.
Bitcoin Up partner brokers are reputable and well-regulated. Users have a guarantee of safety of funds even in bankruptcy. Regarding trading conditions, Bitcoin Up brokers offer trading leverage of up to 4000:1.
Leverage refers to a form of loan provided by brokers to help traders take bigger trading positions. With 4000:1, you can place trades worth up to $4k for every $1 of committed capital.
How to trade with Bitcoin Up
Live trading with Bitcoin Up takes place at a click of a button. However, you need to define the level of risk you are willing to take per trade before going live.
Bitcoin Up provides video tutorials and a 12-page guide to help you do that. You need to study the manual carefully before going live. You can access this robot from anywhere across the globe from your desktop or mobile devices.
Bitcoin Up is compatible with Mac and Windows devices and works well on nearly all major browsers. It doesnt have a native mobile app, but it can be installed in smartphones in HTML5 web versions. Moreover, the robot works well on mobile web browsers. Bitcoin Up has recently released a press release announcing that it will soon be launching a native mobile app.
Follow the steps below to start trading with Bitcoin Up.
Register a trading account with Bitcoin Up and verify identity with the underlying broker. Bitcoin Up matches you with a partner broker that is monitored in your region.
All top brokers verify the identity of their users as per the regulators guideline. You need to upload a scanned copy of your driving license or government-issued ID with a clear photo to be verified.
You can proceed to deposit and trading as you wait for verification. Please note that you can only withdraw funds from Bitcoin Up after verifying identity.
You need as little as USD 250 to trade with Bitcoin Up. Remember that all deposits happen at the partner broker’s page.
Bitcoin Up brokers have adequate regulation and hence users need not worry about the safety of their funds. Regulated brokers adhere to strict deposit protection measures, including segregation and periodic audits.
Deposit segregation prevents the broker from using your trading money for any other purpose other than the intended one. With Bitcoin Up brokers, you can fund your account through debit/credit cards, Wire Transfer, e-wallets such as Skrill and Neteller, and crypto-wallets.
Most people may not see the purpose of the demo in auto-trading, but it is crucial. Bitcoin Up demo prepares you for the live web-trader by enabling you to try different settings on historical data. The demo creates a real market experience and hence gives you a heads-up on what to expect in live trading.
Bitcoin Up also provides a comprehensive educational centre, with video tutorials, guides, and live webinars to help you familiarize with their platform. It is vital that you invest at least 2 hours in the trading resource centre before going live.
Going live with Bitcoin Up should be a walk in the park for those who pass through the demo. You only need to adjust risk settings and start a live session by clicking the trade now button.
Bitcoin Up requires very little human input, and hence you can proceed with your daily activities as the robot works for you. Ensure that you trade for not less than 8 hours daily, Monday through Friday, to get the best out of this robot.
You should never leave trading sessions open overnight since this is likely to result in rollover fees hence reducing the bottom line.
Why trade with Bitcoin Up now?
Analysts across the globe are predicting a bitcoin boom like never witnessed before in the coming months. Robert Kiyosaki, the author of Rich Dad, Poor Dad has recently predicted that BTC will hit 75,000 USD in a few months to come.
Max Keiser of the Keiser Report is also predicting a boom that will push BTC price to $100k by early next year.
Bitcoin Up claims to have all that it takes to capitalize on such booms. The robot trades volatility and hence capitalizes on both the upward and downward price swings.
Bitcoin Up review: The Verdict!
An analysis of Bitcoin Up online feedback reveals that it is likely legit. You can try it but always remember that all trading involves significant risk. Do not trade with more than you can afford to forego.
Is Bitcoin Up free?
Yes! Bitcoin Up is a free trading robot. However, it may not remain so for long. You should take advantage of the free license and signup now.
How much should I invest with Bitcoin Up?
You need at least 250 USD to invest with Bitcoin Up. This is the amount to be used to take positions on the BTC CFDs market.
Can I earn profits through Bitcoin Up?
Yes! Most of the Bitcoin Up reviews we have seen point out that it is legit and may be worth investing in. The robot can supposedly earn up to $5k in daily profits.
Does Bitcoin Up have a trading robot?
This robot doesnt have a native app but is accessible through a smartphone on an HTML5 web-version.