Bitcoin profit is a web-based trading software designed to trade crypto assets on autopilot. The robot simplifies the process of trading most in-demand cryptocurrencies using its advanced AI feature. The website offering bitcoin profit claims that the robot’s proprietary algorithms keep scanning the markets to detect the most suitable trading trends followed by optimal points to enter or exit a trade. In this review, we cover the robot in detail.
Bitcoin Profit Main Features
|Withdrawal Period||24 Hours|
|Customer Service||Email / phone / chat|
|Supported Coins||BTC, ETH, XRP & more|
|Hidden Charges||Commission fees|
Unlike other trading robots we’ve reviewed, the bitcoin profit seems to be well prepared to catch the attention of the traders. The robot’s website claims that it is a revolutionary trading software having some state-of-the-art distinct features that make it incomparable. Let’s have a look at them one by one;
The website claims that the robot uses advanced trading algorithms. The robot scans the crypto markets at ultra-fast speed and detects the ultimate trading opportunities. It is also claimed that the trading robot places trades with an absolute accuracy of 99% and generates unlimited profits. However, these days almost every other trading robot claims to have the same features.
The website claims that the robot offers the flexibility of trading in both manual and auto modes. Traders can opt to either trade markets themselves or set the robot to analyze trading odds and place trades following an optimal trading plan. Well, you can find the claimed feature in almost every web-based auto trading robot.
The robot comes with a custom settings feature. You can configure the robot according to your trading needs. You can modify the risk levels and define the amount to place on each trade. Also, you can set the number of trades you want your robot to place simultaneously and choose trend indicators you think the robot should use. The robot also allows you to select the money management strategies so you can rest assured of profits. However, configuring the robot may only work in a perfect crypto market with no or least price fluctuation. Whereas, the crypto market is known for its high volatility levels. You can’t expect the robot to place profitable trades in such a liquid market.
Verification is one of the most critical factors for legitimate entities since it ensures compliance with the SOPs in place by concerned regulatory bodies and anti-money laundering agencies. The bitcoin profit claims that it offers a quick verification process that doesn’t take more than 20 to 30 minutes. However, that’s not true. The website doesn’t ask you to prove your identity before depositing funds more than a certain amount. Because it only cares about making more money out of your pockets. The verification process is just a formality.
Like every other scam trading robot, bitcoin profit also claims to offer quick withdrawals. However, traders need to complete a specified trading volume before they can withdraw their funds. By the time you are allowed to withdraw funds, the robot barely leaves anything in your account to be withdrawn. You can find many reviews online that confirm that the robot swallows your funds quite fast.
Bitcoin profit’s website claims that the robot is simple to use and has a user-friendly interface. According to the site, traders having no or least trading experience can navigate through various options of the robot quite proficiently. Although the claim sounds reasonable, still it doesn’t mean that the robot will be profitable as well. Secondly, auto-trading robots are generally known for their easy-to-use trading interface, so that’s not a big deal.
Demo accounts allow traders to practice variant trading strategies without risking their real funds. Bitcoin profit does the same. You can use its demo account to test your skills before going live. However, you can rest assured that doing well in the demo accounts guarantee that you would also do well in a live trading session.
Since Bitcoin Profit is web-based trading software, therefore, you can use it online. The robot remains available 24/7 and keeps placing trades even on weekends. You don’t need to have it installed on your PC or laptop. Instead, you can access it using windows or android based supported devices such as computers, laptops, tablets, or mobile phones. However, online availability doesn’t confirm the authenticity of the robot.
The trading app also claims that it offers multilingual customer support round the clock. However, whenever you try to contact the customer support agent via webchat, a message pops up that no agent is online, please leave a message. You don’t get any support on the platform, which is undoubtedly a matter of concern.
Bitcoin Profit works in collaboration with multiple crypto trading platforms around the world. You need to sign up with one of the robot-recommended brokers to get started. To start making real profits, you have to fund your account. The minimum amount you can deposit in your account starts from $250. You can configure the robot once you have deposited funds into your account. After that, press the start button to set the robot on auto mode. The robot places trades 24/7 unless you stop it manually.
Using the bitcoin profit is more or less the same as that of other trading robots. You need to follow several steps below to get registered with it.
We had a hard time believing it for real. Therefore, we leave it up to you to decide whether or not you should invest your money with it. We try our best to bring you some hard-proven facts to help you in your decision-making process.
Bitcoin profit makes baseless claims that using Bitcoin profit traders can make unlimited gains. The robot doesn’t provide any information about its team members, who developed it, and what trading history it has? It also doesn’t show any of its member account details to prove that it is worth investing your money.
Yes, it does. it supports several other cryptocurrencies including Ethereum, Ripple, Monero, Dash and Litecoin, etc. However, it doesn’t support fiat currencies.
The bitcoin profit claims that traders are making as much as $6000 a day. According to the website, the frequency of successful traders depends upon the market conditions. In a slow-moving market, you can’t expect to generate much of a profit. However, when the market moves fast, it gives rise to new trading opportunities, and the chances of successful trades become high. However, the robot seems to be forgetting about the possible drastic impact on your funds when the market moves abruptly.
You are likely to end up losing more of your funds in a highly liquid market. Even skilled traders tend to stop trading in times of high market volatility.
Well, we’ve reviewed many trading robots so far, almost every trading robot had fake testimonials on their web pages. However, as far as the testimonies of bitcoin profit are concerned, we noticed a strange thing. The robot’s official website made a huge blunder while posting the testimonials on their website. Just have a look at the image shared below. The image is copied from the official web page of the bitcoin profit. You may notice that two of the four images are of the same person.
If you pay a closer look at the statements of these testimonials and start reading what these traders have to say concerning the robot, You will notice that the trade Alexia S. is a house mom, and still, her profile picture has an image of a male model. There could be two reasons for that, either the website didn’t have the real images of the people giving their testaments, or the website mistakenly posted wrong images for traders. Either way, it sounds quite unprofessional.
We found a mix of opinions concerning the bitcoin profit trading app on Quora. Some people seemed to be appraising the app, while others were against endorsing the trading robot. A trader named Michael Zakari had a view that the bitcoin trading app is suitable for investment purposes. However, another anonymous trader who claimed to be a member of the bitcoin profit trading showed his concerns on the legitimacy of the robot and emphasized that people should avoid trading with this robot.
Reddit is one of the most popular social networking platforms. People share their experiences on Reddit so to help each other through good and bad times. We tried to find some information concerning the bitcoin profit to know what people have to say about the trading robot. It is not surprising to see most people had an opinion that bitcoin profit is nothing but a scam. Some user(s) on Reddit even warn people not to share their telephone numbers with the Bitcoin profit. That’s because marketing agents of bitcoin profit start calling you repeatedly and asking for a deposit. Having that said, we too suggest not to invest with a company flagged as a scam on multiple platforms.
The bitcoin profit claims that it was on air on National TV. It’s common for trading robots to claim that they were on TV. The bitcoin profit is yet another scam making such a false claim. Some sources report that favorite TV shows like Shark Tank and This Morning Endorsed it. But is it true?
This Morning: This morning is the most famous TV show that is being broadcasted in the UK for the past thirty years. The hosts of the program are Holly Willoughby, Richard Madeley, Phillip Schofield, Judy Finnigan, Ruth Langsford, and Eamonn Holmes. The program covers celebrity interviews, general discussions, health, sports, fashion, showbiz news, etc. When the hosts of the TV Show “This Morning” were asked to share their views on the claimed endorsement of the bitcoin profit, all of them unanimously denied the said claim. The hosts of the TV Show also confirmed that “This Morning” has never endorsed any of the trading robots including the bitcoin profit, nor would they do in the future.
Shark Tank: Shark Tank is an American Reality Show which is equally famous all across the United States. The program is currently hosted by multi-millionaire investors including Barbara Corcoran, Daymond John, Robert Herjavec, Kevin O’Leary, Mark Cuban, and a few others.
The theme of the TV Show is that different entrepreneurs come up with new business ideas and present them to the panel of the shark tank. The entrepreneur’s motive is to persuade the investors of the shark tank to invest in their business ideas. The bitcoin profit app was also said to have been endorsed at the shark tank platform. However, that’s not true. The investors of the shark tank have also denied that they haven’t supported bitcoin profit ever.
Like other trading robots, the bitcoin profit also claims that different celebrities, including Elon Musk, Piers Morgan, Holly Willoughby, and Judy Finningen on various occasions have endorsed the bitcoin profit. We knew this claim is baseless. Still, we tried to seek the views of the stars named after its endorsement. Please continue reading below what these celebrities have to say when asked about the claimed bitcoin profit endorsement.
Bill Gates: The bitcoin profit has repeatedly claimed that the world’s greatest entrepreneur and celebrity star Bill Gates has endorsed the robot. However, upon confirmation from the spokesperson(s) of Bill Gates, it is clear that Bill Gates never supported the bitcoin profit. He never invested in any such trading robot, and he doesn’t suggest investing in it, the spokespersons added further.
Richard Branson: One thing you might have noticed is that every scam trading robot posts a video on the face of their official page in which celebrities including Richard Branson, Bill Gates, Chamath Palihapitiya, and some others can be seen discussing something about bitcoin. However, the video is without a voice. You can’t confirm what these celebrities have endorsed the bitcoin profit, or they were only discussing a generic issue. Anyhow, Richard Branson has also refused to own the claim. He said, why would he ever recommend people such a trading robot he doesn’t know himself.
Chamath Palihapitiya: The mastermind of AOL “Chamath Palihapitiya” did not endorse nor invest in Bitcoin Profit. The news is fake. He neither supported the bitcoin profit nor does he ever invest in it.
Gordon Ramsay: Gordon Ramsay is a famous serial investor who keeps investing in different business ventures on and off. He was also named to have endorsed the app. Upon confirmation, we came to know that the news is not true. It is not recommended to follow such endorsement claims unless you see celebrities endorsing any such trading robot live.
After a thorough review of the bitcoin profit trading app, we conclude that the bitcoin profit app is one of the suspicious trading apps that only intend to make money from its members. The trading robot is available in collaboration with different brokers who pay a fixed percentage of commission on deposits for each successful sign-up.
The robot claims that it works on advanced trading APIs but still doesn’t provide any detail on its trading algorithms. The trading software also makes false promises that people can make thousands of dollars using it in 24 hours but has nothing to show in support of its claim.
We suggest people not invest with the so-called auto trading robot. It is better to put your money with a legitimate platform such as the eToro trading broker. eToro is the world’s most reputable trading platform and a renowned exchange for cryptocurrencies. The company headquarters is in Cyprus. It’s a multi-regulated company that holds licenses from the world’s great regulatory bodies such as CySEC, ASIC, and FCA.
The eToro offers a wide range of trading instruments, including multiple crypto-assets. It’s also one of the best CFD brokers. With the eToro digital wallet, you can store more than 120 crypto assets and have them exchange one for another. eToro is suitable for both skilled and novice traders. The company offers generous leverage to trade cryptos and maximize your return. On the other hand, you can use the eToro social trading platform to copy trades of successful traders and start making money from day one.
The app claims that you can make unlimited profits with it. However, we couldn’t find any proof that can verify the said assertion.
You need to fund your account with a minimum of $250 tostart with it. However, the platform doesn’t restrict you to deposit more.
Yes, the bitcoin profit supports other cryptocurrencies including Litecoin, Ethereum, Dash, Ripple, Monero, and a few others.
No, it is not. The bitcoin profit, as well as all other auto trading robots that make false claims of generating insane returns, are not regulated.
The platform claims that it process withdrawal requests within 24-48 hours.