Bitcoin Trader Review: SCAM OR LEGIT?

Automated trading platforms enable traders to enter the crypto markets and speculate cryptocurrencies prices. These trading robots have been designed to trade automatically by using advanced technologies and sophisticated trading algorithms.

Unfortunately, some trading robots seem to be fake while other robots are completely reliable. Bitcoin Trader is considered by many as one of the most reliable trading robots in the market, offering a secure trading platform. Yet, should you trust this trading robot?

In this review, we take a look at Bitcoin Trader including its reliability, trading platform, sign-up process, deposit and withdrawal, brokers, fees, and more.

What is Bitcoin Trader?

Founded in 2017 by Gary Roberts, Bitcoin Trader is a fully automatic trading software that was designed to allegedly help traders generate profits in the crypto markets. The software claims to use the most advanced programming techniques that enable the robot to trade the markets 0.01 seconds faster than other trading robots.

Bitcoin Trader also claims to perform one of the highest accuracy rates among trading robots of 99.4% Although we were unable to guarantee Bitcoin Trader software’s performance, we were able to find users who have confirmed that this robot is extremely accurate.

Bitcoin Trader Homepage

A Bitcoin trading robot is a tool that was designed to automatically buy and sell cryptocurrencies using high-level algorithms. Bitcoin trading robots claim to have a much higher accuracy rate than humans, which allows them to win most trades. 

How Does Bitcoin Trader Work?

The Bitcoin Trader application is fully automated software which means that it is not controlled by a person and anyone can use this software. The software claims to use sophisticated trading algorithms that analyze the crypto market and identify trading signals. The robot also claims that a trader needs less than 20 minutes per day to monitor the account and if necessary to adjust the trading settings in order to maximize profits.

Crypto trading robots must connect traders with robot brokers as they cannot collect and hold users’ deposits. These brokers ensure that investors’ funds are being held in a safe account and provide leverage ratio. Users online claim that Bitcoin Trader partners with highly regulated robot brokers.

Is Bitcoin Trader legit?

It is often unclear whether you should trust trading robots with a claimed high accuracy rate and guaranteed profits. Certainly, there and many robot scams in the market. However, it seems that Bitcoin Trader is a legit trading robot as it applies all the necessary measures to protect clients’ data and funds, and channels traders with high regulated brokers.

Based on the reviews we have found online, Bitcoin Trader appears to be a reliable trading robot.

Bitcoin Trader legit

How Much Can You Make with Bitcoin Trader?  Bitcoin Trader Payouts

Bitcoin Trader reports on their homepage that members typically profit a minimum of $1300 per day. They also state on the website that some members earned the first million following 61 trading days. The robot also reveals some user testimonials that claim they were able to gain a similar amount of profits. We cannot guarantee whether it is true or not, however, we have found user reviews online reporting that this trading bot performs well.

Bitcoin Trader is said by many to be one of the most accurate trading robots in the market along with the Bitcoin Code and Bitcoin Era.

Bitcoin Trader Platform

As we mentioned previously, Bitcoin Trader channels traders with high regulated brokers which means you will be able to use professional trading platforms that include real-time live quotes, an advanced charting package and a wide selection of financial instruments. The robot detects your IP address and funnels you to a regulated broker in your country that offers trading services. Some brokers offer a demo account to help you practice the platform and to perform test operations with virtual money.

Bitcoin Trader Platform

How to Sign Up with Bitcoin Trader

Bitcoin Trader’s registration process is fast and can be completed in less than 10 minutes. Yet, we must inform you that you need to be in a jurisdiction where this robot has a regulated broker to offer you as crypto trading robots are not available in all countries.

Step One: Registration

The first thing you should do is visit Bitcoin Trader’s homepage and submit your first name, last name, and email address. Bitcoin Trader immediately redirects you to a regulated broker in your country where you can manage your account, deposit funds and start trading.

Bitcoin Trader Registration

Step two: Deposit Funds

Once you are connected to the broker’s trading platforms and you ready to start trading, you can transfer funds to your account. Some brokers might require you to submit documents that verify your identity according to the regulator’s requirements. Bitcoin Trader maintains a minimum deposit requirement of $250.

Bitcoin Trader Deposit

Step Three: Live Trading

Now you can start trading. All you have to do is to configure the trading settings, turn on the auto-trading mode, and you are ready to go. The software will start to scan the market and execute orders in the market. We do recommend that you monitor your trading account on a daily basis.

Bitcoin Trader Live Trading

How to Trade with Bitcoin Trader

As indicated severally in this review, there’s no need to have previous trading experience in order to get started with this trading bot. All you have to do is to deposit funds to your account, configure your trading settings, and turn on the auto mode button. That’s it.

The software was designed to remove any human intervention and to simplify trading. However, before you start trading you might want to adjust the trading settings that include a stop loss and take profit order, max trades per day, and the maximum amount per trade. Following that, you need to turn on the auto mode button and the software starts trading on its own.

Take note that Bitcoin Trader suggests that you spend an average of 20 minutes per day to monitor your account.

How to withdraw funds

The withdrawal process is fast and simple and can be done in the same way as the deposit process. Bitcoin Trader allows you to withdraw funds anytime you want by filling in the request form provided on the broker’s account dashboard.

Based on user reviews, it seems that the withdrawal process at Bitcoin Trader is straightforward and there are no hidden costs apart from the credit card’s fees.

Customer Service

There are multiple methods to contact Bitcoin Trader. First, you can contact Bitcoin Trader via a submit ticket form on the bot’s website. Moreover, whenever you are being redirected to the broker’s trading dashboard, you can contact the support team via email, phone, and live chat. From our review and based on user feedback, we have confirmed that it takes a few seconds to get a response from the Bitcoin Trader’s support team.

Bitcoin Trader Testimonials and Customer Feedback

Some users have revealed their trading experience with Bitcoin Traders which are available on the robot’s homepage. These users claim that the software performs well and allowed them to generate profits. Unlike other trading robots in the market, Bitcoin Trader has a positive reputation and we could not find negative feedback about this trading robot. Based on user reviews, it certainly seems that Bitcoin Trader’s software is accurate.

Bitcoin Trader Testimonials

Bitcoin Trader Brokers

Like many other robots such as Immediate Edge, trading robots channel funds through online robot brokers which means that your funds are safe in a segregated account and the orders are being placed on the broker’s platform. We can confirm that Bitcoin Trader operates in partnership with highly regulated brokers.

Is Bitcoin Trader Better than other Robots?

Finding the right automated trading robot will definitely help you get it to run smoothly. When comparing trading robots, the most valuable factors are user feedback, regulation, and the software’s accuracy rate.

There are many reviews that conclude that Bitcoin Trader offers all of the above. This robot is extremely easy to use, has reportedly consistent profitability, and dedicated customer support. Our investigation reveals that Bitcoin Trader is a reliable and trustworthy bot.

Bitcoin Trader and Celebrities

There are many affiliate marketers who are trying to increase their sales by spreading rumors about celebrities that have invested in bitcoin automated trading robots. Let’s find out if any of these rumors are correct.

Bill Gates

Bill Gates

Bill Gates is the second richest man in the world with a net worth of $106.8 billion. Microsoft co-founder has expressed his opinion on bitcoin in several interviews, however, we did not find any evidence confirming that Gates has invested in bitcoin trading robots such as Bitcoin Trader.

Simon Cowell
Simon Cowell

Simon Cowell is another celebrity who has been rumored to invest in Bitcoin Trader. These rumors are obviously not correct and Cowell has commented several times against bitcoin scammers.

Cillian Murphy
Cillian Murphy

In the past year, many affiliate marketers claimed that Cillian Murphy has invested in Bitcoin Trader. You might have come across reviews and news articles claiming that the Irish actor made a fortune investing in these trading robots. However, these rumors are false and Murphy has never confirmed that he has invested in  Bitcoin Trader.

So, is Bitcoin Trader a Scam or is it Legit??

Crypto trading robots are relatively new trading technology that has become popular among crypto investors. Bitcoin Trader has been there since the beginning and is considered by many to be a reliable and accurate trading bot. Following our investigation, it’s safe to say that Bitcoin Trader appears to be legit. The robot runs by a team of software engineers and trading experts who efforts to provide a safe trading experience and the overall user feedback they received was positive.

FAQs

Is Bitcoin Trader Legit

Yes. Our review reveals that Bitcoin Trader is not a scam trading robot and it appears to be legit.

How much do I need to start trading with Bitcoin Trader?

The minimum deposit requirement with Bitcoin Trader is $250. But it’s important to note the leverage ratio offered by the broker allows you to risk a small amount of capital.

Does Bitcoin Trader offer a demo account?

Depending on the broker you are assigned, you might be able to use a demo account before you start trading. Some brokers provide a demo account so you can practice the platform, however, trading with automated robots does not require any special trading skills and all you have to do is to configure the trading settings and turn on the auto trading mode.

How much can I earn with Bitcoin Trader?

Bitcoin Trader claims that users can earn a daily profit of $1300. Though the profits may not be as high for every trader, we found many users who claim to have reached significant profits with this bot.

Do I need to have previous trading experience to start trading with Bitcoin Trader?

No. Bitcoin Trader is a fully automated trading software specially designed for trading the crypto market. You do not need any previous trading experience and the robot is suitable for beginners.

Adam Grunwerg

About Adam Grunwerg

Adam is a seasoned security lover who has written hundreds of articles about malware, VPNs, and online security. He has been writing for PreciseSecurity.com since 2010.