Bitcoin Profit Review – Legit or Scam Robot?
Bitcoin Profit supposedly earns enormous profits for users from an investment of as little as 250 USD. The robot was launched in 2014 and is said to be one of the most popular in the crypto trading industry.
But is Bitcoin Profit trustworthy, and is it worth your time and money? As usual, we have done rigorous legitimacy tests on this robot, and it appears reputable.
This review presents proof that Bitcoin Profit is legit and trading tips to help beginners hit the home run with this robot.
What is Bitcoin Profit?
Bitcoin Profit is a trading tool founded by Steve McKay, a self-made crypto millionaire and former investment banker.
The robot enables ordinary people to trade BTC with a win rate of up to 99%. With just 250 USD of investment, a typical Bitcoin Profit user can reportedly earn up to 2000 USD daily. Bitcoin Profit makes the supposed profits by speculating on Bitcoin CFDs.
A Contract for Difference (CFD) is a high-risk/high-return financial derivative offered by most brokers. Bitcoin CFDs allow traders to bet on BTC volatility without having to own the underlying asset. Consequently, Bitcoin Profit users do not have to go through the tedious BTC buying process.
Bitcoin Profit trades over 45 BTC pairs in both crypto and fiat and with a supposed ROI of up to 400%. Some of the popular crypto pairs you can trade with Bitcoin Profit include BTC/BCH, BTC/ETH, and BTC/XRP. You can also bet on fiat pairs, including BTC/EUR, BTC/USD, and BTC/GBP. In total, you get exposure to over 45 BTC pairs when trading with Bitcoin Profit.
Moreover, users do not have to choose the pairs to trade since the robot identifies those with the most opportunity automatically. Bitcoin Profit can trade up to 5 pairs simultaneously and place tens of trades within a minute. This trading approach is known as scalping and is popular with institutional investors.
How Bitcoin Profit works
Bitcoin Profit relies on Artificial Intelligence (AI) to research and place trades on behalf of users. AI is the holy grail of trading among institutional investors and is gaining popularity with well-to-do individual traders.
AI robots tend to have an alleged high accuracy, and the best can supposedly generate up to a million-dollar in a day of trading. These robots nowadays run most hedge funds on Wall Street. Moreover, some of the well-known world traders earned their fortunes through AI robots.
Bitcoin Profit applies the same principles used in traditional assets trading in BTC trading. However, it has a higher supposed profitability rate than most since the crypto markets tend to be highly volatile.
Unlike most robots, Bitcoin Profit is free and requires a deposit of 250 USD only. Most robots with similar capabilities require an annual license fee of up to $5000 per month. As mentioned earlier, Bitcoin Profit relies on partner brokers to receive deposits and facilitate transactions.
Some of the world best regulators monitor these brokers. Adequate regulation is enough to sign that the broker is willing to operate in transparency. The world-leading regulators make it mandatory for brokers to segregate funds and only use clients money for the intended purpose.
Moreover, they must insure deposits to ensure that clients get a refund in the event of bankruptcy. Regulators also require brokers to go through regular external audits to determine if they have enough cash to maintain daily operations.
How to register with Bitcoin Profit
Bitcoin Profit is an auto-robot made for all traders, including complete beginners. The robot is available in nearly all countries that support crypto derivatives trading.
Registration with Bitcoin Profit is absolutely free and only takes a few minutes. However, you need to verify identity with the matched partner broker. This may take a few hours, but you can proceed to deposit and trade before verification. Please note that you can only withdraw the supposed profits from a verified account.
As explained earlier, Bitcoin Profit is available for all and easy to use even for the complete beginner. You only need to read the trading guide and watch the risk management tutorials to trade with this robot successfully. The following steps should kick-start your trading journey with Bitcoin Profit.
You must sign up on Bitcoin Profit website to access its web-trader. As mentioned above, the signup process is self-explanatory.
Countercheck all details you submit during the registration process to avoid problems later. Remember that you must verify ID and contact details to access the web-trader. Moreover, you will use the phone number and email you provide for account login.
Bitcoin Profit only accepts a multi-factor authentication sign-in method. Moreover, users must adhere to specific password protection guideline, among other measures. The robot claims to adhere to the stringent EU data privacy regulation known as the GDPR.
Bitcoin Profit requires users to deposit at least USD 250 to access the live trading platform. The deposit is what the partner broker uses to place orders in the market as directed by a robot.
You can deposit through debit or credit card, Wire Transfer, Money Gram, Skrill, and bitcoin. All deposits through major debit and credit cards facilitate instantly.
Deposits made through e-wallets and crypto wallets may take up to 15 minutes to reflect in the traders account. Bitcoin Profit utilizes top-level encryption standards to safeguard users data. This means that your billing details are safe with this robot.
This account helps you familiarize with the real-time web-trader before going live. Bitcoin Profit is entirely auto but gives users the option to define the level of risk they are willing to take per trade.
You need to read the trading guide carefully and practice what you learn through the demo account. It is also vital that you watch the trading tutorials to get a clear picture of how risk management applies in a live account.
We suggest that you practice with the demo for at least 2 hours before moving to the live account.
You should only go live after getting enough demo experience. As mentioned above, you need to define the risk you are willing to take per trade before going live.
Bitcoin Profit offers features such as Stop-Loss and Take-Profit to help you manage risk. The Stop-loss feature defines the level of loss you are willing to bear while the Take-Profit defines the level of profit you are willing.
These functions help traders avoid getting overly ambitious or too fearful. The BTC CFDs markets are highly volatile, and hence an opportunity can turn into a risk if the trader fails to act in time.
Bitcoin Profit applies another feature known as Negative Balance Protection, to shield users from trading into the negative.
How to make the most out of Bitcoin Profit
Bitcoin Profit runs on autopilot, but there are several things that users can do to make the most out of it. These include;
1. Trade for not less than 8 hours daily – Bitcoin Profit makes hundreds of trades daily and hence performs well when left to run for long hours. The best time to run this robot is when bitcoin volatility is high. This is between 8:00 AM and 4:00 PM ET since this is when live trading is happening in Wall Street.
2. Only commit what you can afford to lose – Starting small allows you the peace of mind to observe market trends and identify the best time to run the robot. Investing a lot of money, on the other hand, is likely to cause fear hence making you interrupt trading prematurely.
3. Get a trading partner – Introduce a friend to the robot and work together towards building a trading plan. Compare performance to determine what works and what doesn’t.
Is Bitcoin Profit legit? The verdict!
Bitcoin Profit seems like a good bet for anyone looking for an easy way to invest in bitcoin. It is highly popular, having thousands of reviews on TrustPilot and ForexPeaceArmy. Most reviewers appear satisfied with its supposed profitability.
We have conducted rigorous testing on this robot and can confirm that it is easy to operate even for those who are green in cryptocurrencies. Feel free to try Bitcoin Profit through the link below and let us know how you find it in the comment section.
Is Bitcoin Profit a good robot?
Bitcoin Profit seems like the right choice for any trader looking to invest in bitcoin but without the know-how.
Is Bitcoin Profit profitable?
We have analyzed thousands of Bitcoin Profit reviews on the internet and confirmed the supposed profitability. As mentioned above, a lot of users seem satisfied with its performance.
How much do I need to invest with Bitcoin Profit?
Bitcoin Profit requires all users to deposit at least 250 USD to access its live trading account. This amount is more than enough for beginner traders.