May 15, · Bitcoin Trader Review: Is it a Scam or Legit? Bitcoin trader is one of the most popular cryptocurrency trading technologies in the world. In this article we review the trading system to find out if its a scam or a legitimate way to make money trading bitcoin. Written by James Morgan Published on November 9, Dec 09, · Bitcoin Lifestyle review sites state that it has a success rate of 90%; few traders have reported on the official site that they have earned dollars per day from a min deposit of $ One of the major reasons why this platform claims that it can generate high profits is its successful trading / Jan 16, · Our review of Bitcoins Era gives you reasons not to sign up nor trade with this system, because it is a financial scam. Our in-depth analysis and test of Bitcoin Era reveals what is this system, that it is not real, legit nor safe and that is a pure scam with very low ratings.
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The trading robot is easy to set up and the user has full control over how the robot works. Investors from most countries can access the robot, but some countries cannot. There is more information about this on the website. Bitcoin Evolution works based on a unique computer algorithm with which it analyses big data in the cryptocurrency market. It then uses the information it gathered from the big data analysis to make trading decisions of whether to buy or sell an asset. The robot can analyze the huge data very fast and it can make and can, therefore, make trading decisions without any delay whatsoever.
The speed at which it analyses the market makes it even more possible for the robot to make a profit faster. The robot takes into consideration thousands of factors that can affect the prices of assets, including economic news from authoritative sources. It then uses a series of information to determine possible market movement, which it uses to place trades for the investor.
The sign-up process is very easy and you will never even need any assistance to do that even if this is the first time you will be using the robot. It will also not take you long at all to complete the entire process.
Check below for how to go about it:. The registration process will not take more than just 2 minutes of your time. You will be required to fill a short form with various details like our name, email, and phone number. You will equally need to provide your password with which you will log in to your account.
The password will only be accepted if it is strong. A strong password should contain lower case letters, upper case letters, numbers, and even symbols. You equally need to agree to the terms and conditions of the robot before proceeding.
This will not take more than a couple of minutes. You will have to first confirm your registration by clicking on the confirmation link in the email sent to you.
After that, you will be required to provide some documents for confirming your identity and preventing money-laundering. The verification process can complete within a few hours. Additionally, you can deposit via various digital methods, like Klarna and Skrill. You can equally use any of these methods for withdrawal. You will not be charged any fee for depositing fund and the deposit will be approved almost instantly.
Before you start live trading , you should first set up the robot properly so that it can generate the desired profit. You will be required to determine your risk level and how much profit you want to make at the back end after which you can launch live trading. You will have access to a demo account with which you can get to know how the robot works. While Bitcoin Evolution gives you access to a demo account, you will first have to register before you can access the demo account.
Bitcoin Evolution is one of the most popular cryptocurrency trading robots today. The robot boasts of some features that make it distinct from many others and we will show you some of these features below:. This is very huge, you will agree. While this may be so, not all investors can make such a huge profit. Some of the traders claimed they made a profit but not as much as the amount claimed by the developers.
Thanks to its unique technology, the robot can scan thousands of data that can affect the price of any of the assets it trades and use the result to determine market direction.
The investor can make deposit very fast using various methods, both of which include the traditional methods and the digital methods. They have specialized technologies that make it possible to execute the trades generated by the robot instantly. The trader should be very cautious when they are dealing with trading platforms that offer high leverage. One should keep in mind that high leverage might lead to enormous profits, but it can also result in heavy losses.
Further, human traders experience losses due to the inability to control their emotions; as a result, huge losses are incurred. Bitcoin Lifestyle does not charge any license fee. As per our review, the platform makes money by charging a small amount as a commission on the profits generated through their trades. Currently, it is offered free for its users. With the app, Bitcoin trading techniques are applied which scan the crypto markets and generate winning trades.
It offers its traders a dashboard for live trading. The trader needs to register for a Bitcoin Lifestyle account on their website, add a minimum deposit, and click the live button to start trading. They have an option to change the risk settings, but it is better to leave the trade settings to default.
We highly recommend that the user should study the dashboard very carefully, understand all the functions before proceeding with the trading. The platform also provides a demo account to help the traders to navigate through the platform. In case traders have any concerns or queries, they can contact the customer care via email, chat or phone call.
Another important feature is it offers dedicated customer service. The customer support team is highly knowledgeable and professional, which helps the traders to resolve the issues very quickly. To reach customer service, the traders can make phone calls or send an email. Also, it is possible to chat with customer service representatives instantly by using instant chat features. As per our Bitcoin Lifestyle review, the traders do not need any knowledge or skill to trade on this platform.
The robot runs on auto-trading, and the trader should set risk management tools and begin trading. Below given are the steps to open a trading account—. Step one is to register an account, the trader needs to go to the main profile page and fill their details in the type form. They need to register their full name, email address, and phone number. Further, the Bitcoin Lifestyle platform will ask the trader to verify their email id and phone number by sending an SMS and a link through their email.
As per our review, their website has encryption and has a protection policy in place. Besides, this platform is GDPR compliant. This deposit is the trading capital and not the cost of the robot.
Bitcoin Lifestyle is a license-free automated robot, which makes money by charging a small amount as a commission on the profits made on this platform. Bitcoin Lifestyle does not charge money as deposit charges.
Trading live on this platform involves setting up risk management features and clicking on the live trading button. These features imply that the trader should define the amount of capital that they are willing to risk per trade. Traders should be careful about the risks they can afford to take, especially in present times when the world markets are hit by the Covid 19 pandemic. Below given are the few tips for the traders to earn more by using the Bitcoin Lifestyle platform.
I will say it again. These are scammers. How much more evidence do you need. Google scam adviser. Stop being gullible losers.
They are not worth anything. Instead Www. Stay clear, or you will lose money as I have. This app is just an opportunity for scammers to latch onto you and suck your money away. If you get sucked in thinking your money is making loads on the stockmarket usually though their own platform, see if you can withdraw any of it, before you get in to deep.
Bitcoin trader should be held responsible for allowing this type of scam, why on earth this app is endorsed by people like Bear Grylls Richard Branson and a few others is beyond me.
Don't trust them!! There are hundreds of customers scammed by them! Stay away! I registered and created an account via Bitcoin-Trader. My experience is as follows: One you create an account in the web app, it then requires you to open a Contract-for-difference or spreadbetting trading account with one of its nominated platforms.
Then once you start to set up the account and a customer service rep of the platform will phone you to help set thie account up and make the deposit - all very friendly and helpful. The account manager will call many times telling you that the robot Bitcoin-Trader is useless which it is actually and asking you to deposit much much more and also insisting that the only way you can make decent money is to give him total discretionary management to operate the acount on your behalf.
At that point, the Bitcoin-Trader app was disabled on my acount without referal to me. I also did some due dilligence on the trading platform to which I was subscribed via Bitcoin-Trader app. Much play is made on the website about being "EU Licenced" - which is rubbish - there is no such thing.
The only EU legislation on crypto trading is AML anti-money laundering legislation and in particular AML5, passed in , which required individual EU member states to require crypto trading platforms working or selling in their national jurisdiction to have proper "know your customer" processes. But NONE of this offers ANY security to account holders about the security of their money or the commercial practices of the account managers.
It's a window-dressing spoof. The Hong Kong based platform company that Bitcoin-Trader passed me through to, has a shell company registerd in Estonia so that it can claim to be "EU icensed".
Similar goes for their alleged membership of "The Financial Commission" www. Sounds great by its title - but read on And the service is NOT independent because it is paid for - like insurance - by premiums paid by the platforms and if you read the fine print on the platform and in Finacom, you'll be able easily to deduce that it's more about protecting the platforms from claims than giving any assurance at all to the retail customers.