The market of cryptocurrencies has been growing steadily for more than a few years now not only in terms of how many investors trade with them but also how many platforms allow bitcoin trading. Some of these platforms are also known as crypto trading robots, and one of them is Bitcoin Trader, a highly reputed one in the market of auto trading.
Cryptocurrencies are no longer a source of payment, they have become a source of income, and platforms like Bitcoin Trader are designed to help and allow inexperienced investors to have the same chances of profiting from trading cryptocurrencies as any other professional investor.
However, even though robots of this kind can allow you to make money, they can also be designed to steal your money. That is why we have been testing robots individually, to help you find out which one is the best for you and give you all the information you need to be able to avoid scams.
As for Bitcoin Trader, our test has revealed that the robot is legit and it definitely is worth a try. To find out more about it, we suggest to keep on reading this review.
What is Bitcoin Trader?
Bitcoin Trader is an automated trading robot emerged in 2017 and was created by a group of brokers and software engineers who came up with an algorithm on which to base the robot. The algorithm is capable of analysing market news and predicting the direction in which cryptocurrency prices will go, and it does that in split seconds. It is thanks to this that the robot has a high accuracy level and users seem to be making significant profits through the software.
In other words, not only it is successful most of the time, but it is also much faster than any professional human trader because they take hours to look at market news to find out what are the most profitable investments to make, Bitcoin Trader seems to be doing that in less than 1 second. That’s not it though. Bitcoin Trader will also place those trades for you, meaning that no action is required from you. All you are recommended to do is to monitor the progress of the software to make sure the outcome of the investments is what you are hoping it to be.
How does Bitcoin Trader work?
As we’ve mentioned already, the robot is completely automatized, meaning that no input from human traders is required. The only thing you should be aware of is the fact that you will have to modify the trading settings to suit your preferences before you actually activate the auto trading mode.
The robot will behave based on the settings you decide on, so you will have to decide on things like how much you want the robot to invest for each trade. Other practical information you should be aware of is that it’s free and is available to anyone in most countries of the world.
According to the official website, thanks to the algorithm it is based on, Bitcoin Trader is 0.01 seconds faster than its competitors and is more successful and accurate than the vast majority of the robots out there.
Is Bitcoin Trader a Scam?
This is the million-dollar question and the answer is quite simple: Bitcoin Trader is not a scam. We have tested the robot to find out whether it is as successful as the official website claims it is. We’ve also had a look at all the user reviews we could find and most users seem to approve it.
We are aware that there are some review pages stating that the robot is a total scam but this is most likely information passed on by word of mouth, probably by the same angry users who got unlucky and lost what they invested and are blaming Bitcoin Trader for it.
You may have also heard of celebrity endorsements of robots like this one that later turned out to be fake. Well Bitcoin Trader was never involved in any of these endorsements and if you’ve run into websites stating the opposite, we suggest not to trust them. Many scam robots seem to be using the image of well-reputed robots to trick people into signing up and making deposits that they will never get back, so we recommend being as cautious as possible when dealing with online trading platforms.
More closely into the results of our test, we found that Bitcoin Trader has a success rate of over 90%, meaning that at least 9 out of every 10 trades will bring you profits. This is definitely one of the highest success rates we’ve seen in robots of this kind, which already says a lot about the reliability of the software. We do suggest to keep in mind though, that the cryptocurrency market is very volatile, which means that price fluctuations are sometimes hard to predict with complete accuracy. So it is true that in some cases, it is possible that the robot will not bring you the profits you are hoping for. That is why we recommend starting off with small investment amounts and increasing gradually once you start earning.
Bitcoin Trader compared to other Bitcoin Robots
If we look at Bitcoin Trader and compare it with other automated robots, here is what we find:
- Bitcoin Trader has a success rate of over 90% and most other robots, including some of the well-reputed once, have a success rate of under 70%.
- Bitcoin Trader is a trustworthy robot that has built a good reputation for itself. It is definitely worth a try over trading on robots that do not have such good reputations.
- You will be able to make withdrawals at any time, and within 2 or 3 days you will have your profits in your bank account. The same cannot be said for most other bitcoin robots, which take up to 10 days to send the money to your account.
Do any celebrities endorse Bitcoin Trader?
There have been lots of rumours about celebrities being involved in robots like Bitcoin Trader so we’ve done some research to find out whether any of them were true.
Owner of Virgin Media Richard Branson has repeatedly expressed his support for cryptocurrencies and has admitted to having friends who’ve profited from cryptocurrency investments. Rumours have also linked him and Bitcoin Trader. Some websites claim that Richard Branson recommends trading on the robot. We’ve found the rumour to be completely fake though, and we suggest not to trust websites claiming otherwise.
According to other rumours, Comedian and Entrepreneur Jim Davidson has also endorsed Bitcoin Trader, but again, the claim is false. We’ve found no connection between the celebrity and the robot. We believe that some scam robots may have used the image of both Davidson and the logo of Bitcoin Trader to trick people into signing up on their platform.
Rumours have also linked Bitcoin Trader to British Chef Gordon Ramsay, but again, he has never endorsed robots like Bitcoin Trader or any other for that matter. None of these or any other rumours involving Bitcoin Trader and celebrities have been confirmed, so this should not be a source of concern in regards to the reliability of the trading platform.
Our verdict about Bitcoin Trader
Our verdict of the robot is that not only it is a legit and trustworthy robot, whose performance reflects the claims made on the website, but it is also a highly profitable software. While testing it, we were in fact able to make significant profits within a very short time frame. The robot also provides the possibility of trying to trade in demo mode first, which will allow you to gain familiarity and confidence with the trading process on the robot. One must not forget though, that crypto trading is always risky, so caution will be your best friend.
How much should I invest in Bitcoin Trader?
We recommend not to invest more than $250 at first. This will allow you to give the robot a try and see if it works for you. If you see that you are making profits, you can reinvest part of them and increase your investment amount to increase your potential profit. Make sure you do not invest more than what you can afford to lose.
How experienced do I need to be?
You do not need any experience at all. Robots like Bitcoin Trader are specifically designed to give you the same chances as human traders to make money. It is always better to try and look for some information online on the best ways to trade on automated robots and to try the demo account first though. DO not rush into anything.
Is there a Bitcoin Trader App?
Unfortunately, Bitcoin Trader does not have a mobile app to offer. However, the robot runs on browser so if you have a smart phone and an Internet connection, you will definitely be able to trade on the go if you wish to do so. The functions offered on the phone are exactly the same, just on a smaller screen.>