Using Bitcoin Trader in 2022: Is It Legit or a Scam?

bitcoin cryptocurrency blockchain

What We Really Think About Bitcoin Trader

Bitcoin Trader

Bitcoin Trader is a platform affiliated with various reputable industry-leading brokerage firms. Essentially, Bitcoin Trader acts as the ultimate bridge between traders and brokers that offer sought-after crypto trading robots and services – also known as the MetaTrader 4 software.

Crypto trading robots are very popular mainly because traders claim to have made plus-minus 1,000 euros in a single day in profit. While we cannot confirm whether this is true or not, we’ve decided to spend some time and review Bitcoin Trader as a platform and what it has to offer.

Here are some features that Bitcoin Trader gives access to its traders:

  • Timely news alerts
  • Variety of cryptocurrencies available
  • Offers access to reliable cryptocurrency robots
  • App for iOS devices and Android devices
  • Demo accounts
  • An efficient system of withdrawal
  • $250 as an initial investment
  • Liquidity reports
  • Bitcoin price reports
  • Live cryptocurrency market reports
  • Copy effective trading strategies from top brokers

This comprehensive review will be examining Bitcoin Trader as a platform, the Bitcoin Trader app, the Bitcoin Trader crypto robot, and more. The review will cover the basics of using the Bitcoin Trader platform, as well as examine whether Bitcoin Trader is legitimate or not.

We would also discuss some of the core features of Bitcoin Trader, such as the registration and verification process, the steps necessary to create an account, and finally, we have fact-checked rumors about celebrities with the goal of revealing the truth behind these allegations.

We have been made aware that a large number of websites on the internet attract traders through unethical practices and false celebrity endorsements, making the people who bite onto the opportunity engage and trade with unregulated brokers and unauthorised call centers.

We would always advise our readers to report such websites and refrain from interacting with entities that state to be legitimate without establishing their legitimacy. The Bitcoin Trader platform fully complies with all regulatory requirements imposed by the local government.

Saying that it is also worth mentioning that once the users make registration through the Bitcoin Trader platform, they’ll be able to access their brokerage partners’ services, making this review a marketing offer. Yet, users have to make sure the broker’s services comply with local laws and directives.

What Is It?

A Platform Connected With Brokers Worldwide

Bitcoin Trader is a platform that connects traders, whether beginners or experts, with brokers worldwide by offering trading services. Before suggesting any particular trading platform to their users, Bitcoin Trader has carefully vetted each and every one of their partners and made sure that they are legitimate and trustworthy.

Traders can conveniently trade cryptos, as well as forex pairs, through the partners of Bitcoin Trader. Regardless of the location of the trader, Bitcoin Trader has such a wide network of partners that it can easily find the most suitable platform for its users.

Price Graph

Increasing Potential

Founded by a fintech consortium, Bitcoin Trader aims to help users capitalise on the lucrative opportunities that the cryptocurrency market has to offer.

They help traders access automation tools. This innovation in technology is particularly useful for swing traders, current traders, regular traders, and even expert traders. Saying that, almost anyone can use the auto trading platform to execute orders faster and potentially maximise their potential, especially since the crypto market continues to grow

Bitcoin

Artificial Intelligence (AI) Invention

Because prices of cryptocurrencies rise and fall, there is no assurance or certainty that the values will remain the same. The volatile market is one reason why traders lose faith in maintaining their investments, making them sell just before a bullish run. To eliminate situations like these, Bitcoin Trader has made it easier for traders to make decisions by eliminating fear and other emotions.

As artificial intelligence (AI) closely monitors all ups and downs in the market, buying and selling wouldn’t always need human intervention, although we remind you that you still are the decision=maker in all your investments. All you need to do is customise the algorithm to your own liking in terms of risk, how much you want to invest, what to invest in, when to sell, and so on. The crypto robot will then take it from there..

Circuit Board

Frequently Asked Questions

Does Bitcoin Trader Make Trading Easy?

While trading remains risky, Bitcoin Trader helps traders start trading a whole lot easier.

Besides, although auto trading robots are not supposed to substitute for a trader’s judgment, auto trading robots do help in the faster processing of trades, especially for expert traders and day traders who practice more dynamic live trading sessions. Rather than choosing to do things alone, auto traders are there to simplify and automate things for you.

We know that fake remarks and claims have been made against auto trading robots, damaging their reputation in the process, but this should not discourage you. Traders must also remember that Bitcoin Trader is not supposed to replace their skills in speculation, scepticism, and technical analysis of trends. As investors, it is still expected of them to be knowledgeable of the risks they are taking. We discourage traders from spending their money without a backup plan in case markets fall or in case things go astray. Only invest what you can afford to lose.

In relation to investing what you can afford to lose, Bitcoin Trader has a phenomenal solution to address the knowledge deficiencies of rookie investors. Through demo/demonstration accounts or practice accounts, beginners can learn trading ways and acquire knowledge without spending a dime. We will explore demo accounts later in this review.

Simple

Are Automated Trades Really Possible With the Bitcoin Trader Website and App?

Yes. After all, Bitcoin Trader is all about convenience. Automated trades are possible with Bitcoin Trader’s partners.

Aside from gaining access to their premium and top-notch auto trading robots, traders will also be accessing real-time reports of the cryptocurrency market, individual coin reports, as well as rates to fiat money. These features are meant to enhance every trader’s trading experience when making the soundest investment decisions.

Remember that trading robots are merely meant to assist you and not replace you. As such, we highly suggest doing your research and speculating for possibilities of gains and losses based on trends and not based on psychological influence.

Robots are not spared from going astray and malfunctioning at times, which is why we urge our investors to always have a viable exit plan in order not to lose money when untoward incidents ever happen. Be constantly on top of things as a responsible trader.

Bitcoins

Can Traders Configure the Default Settings of the Bots Offered by Bitcoin Trader’s Partners?

Yes. Traders are free to configure the default settings of the auto trading robots. In spite of the name, auto trading robots can actually be configured to the demands of every trader. For instance, a beginner might not configure settings himself or herself, but an intermediate or expert trader might seek versatility in his or her trading endeavours. This is where configuration comes in.

Expert traders, for example, normally trade hundreds of transactions per given trading day. As such, configuration for them works because buying and selling are merely clerical, but the trading strategies behind the decision to buy and sell are still unique to that expert trader. That is how robots work. Robots merely fulfil the clerical act, while the mind comes from the trader. Suppose a given cryptocurrency coin increases at a given level of change in prices, expert traders would configure a number of coins to sell, while the opposite is true for bear markets.

As always, traders can still rely on the default settings already made by Bitcoin Trader. All we’re saying is that it’s completely possible to customise and configure the current settings to your advantage in accordance with Bitcoin Trader’s rules.

Man working on laptop and phone

Is Bitcoin Trader Involved In Fake Marketing?

We know that a lot of marketing agencies, websites, and outright fraudsters on the internet have already provided false hopes of making a lot of money in a short span of time. These are the same entities behind fake testimonials, reviews, and advertisements against Bitcoin Trader, but none of their agenda is substantiated. Our platform is not one of them.

As traders, you should be given a heads up about the many scams involving fake, copycat websites mimicking the authentic Bitcoin Trader website and functions. Do not give in to their deceptive intentions. Always look out for the official logo, as well as the SSL encryption that the real Bitcoin Trader website has. Moreover, the authentic Bitcoin Trader website is not involved with the proliferation of websites, but is instead taking a stand against websites that imitates the platform with intentions of committing fraud.

The real Bitcoin Trader website assures investors and potential traders that any trade always involves risk. This differentiates the authentic Bitcoin Trader website from the dupes. Bitcoin Trader would not simply assure false hopes because investing involves risk, especially in large amounts.

Conditioning of the self contributes to the success of our traders. Our traders have used Bitcoin Trader for their investment goals, and they understand that investing requires some degree of knowledge about how markets work. Because investing is not as rowdy as a typical gambling session. It requires preparation and mental conditioning to deflect psychological influences in making investment decisions. You also have the option to seek the help of an investment professional through our reliable brokers.

We list reasons why Bitcoin Trader is not involved in fake marketing and why doubts must be cast aside:

  • Bitcoin Trader is honest about trading risks traders will face.
  • Standard registration, verification, and secure transactions are assured.
  • Regulations are followed by Bitcoin Trader and also its affiliated partner brokers and brokerage firms.
  • A large, expansive user base can attest to Bitcoin Trader’s legitimacy.

Is Bitcoin Trader Completely Legal?

Yes. Bitcoin Trader is absolutely legal. The entirety of Bitcoin Trader’s operations, namely the website, are all legal and operational. This is to ensure that traders have a seamless, safe, and secure trading experience every time they utilize the platform.

While we know that Bitcoin Trader is only connected to trusted brokerage firms, this is not an excuse to fully rely your investment decisions on them. As the trader, you ought to exercise diligence in researching trends before acting on your investment plans and realising a decision. As for legality, traders would have to examine whether crypto or other investments are regulated in their countries to avoid instances of violations later in the life of their investments.

Overall, How Does Bitcoin Trader Actually Work?

As previously mentioned, Bitcoin Trader is able to connect traders to trusted, legitimate, and reliable brokers that are in the business of serving traders the knowledge and facilities they so much need.

Upon signing up for Bitcoin Trader and verifying your information, the platform will link you to the most suitable broker that they’re affiliated with. From there, traders and brokers have the opportunity to discuss their respective arrangements and develop an arms-length relationship in investment management and risk management, included in the services offered by the broker.

An investment of $250 is needed to get started trading via Bitcoin Trader. Investors can choose to invest money greater than $250 if they feel like it; it is acceptable, and it is, in fact, common practice within the Bitcoin Trader community. Yet, always invest money you can lose.

Beginner traders can choose to improve their trading skills using the practice accounts or demo accounts provided by Bitcoin Trader’s partners. Expert traders can also try newly-acquired skills using the demo accounts to avoid taking risks in real, actual market environments.

Trading always involves some degree of risk. This also applies to using advanced trading tools such as trading robots. Trading robots can accommodate settings that work for every trader but might be unsuitable for beginners. As an inclusive trading platform, Bitcoin Trader tries its earnest to accommodate the different trading needs of investors of all risk appetites.

Depending on your trading strategy, risks will also differ. Having said that, Bitcoin Trader’s auto trading robots should not make the ultimate decisions for you. Bitcoin Trader users enjoy the privilege of having access to a reliable account manager that guides investors step by step throughout their investing and crypto trading journey. That is how Bitcoin Trader essentially works.

Bitcoin Trader: Legit or Scam?

Bitcoin Trader

According to Bitcoin Trader users, gains and large returns can be potentially earned using the features part of the Bitcoin Trader platform. These claims establish some degree of legitimacy, which is a helpful sign that Bitcoin Trader delivers and is indeed legitimate.

Ultimately, Bitcoin Trader solely exists to link traders like you to reliable, trustworthy brokerage firms that actively use the MetaTrader 4 software.

Bitcoin Trader Join Now

Bitcoin Trader has advertisement campaigns that endorse services, features, and perks of joining Bitcoin Trader’s growing community of traders. Ad campaigns have been successful in promotions in converting viewers to paying subscribers to Bitcoin Trader’s services.

Unfortunately, fake advertisement campaigns released to defame Bitcoin Trader also exist. These ad campaigns discredit Bitcoin Trader’s services and other unfounded claims. Also, there is also a duplication of counterfeit websites imitating Bitcoin Trader’s website, and these are equally destructive to the legitimate platform.

Moreover, celebrities have also been dragged to the issue of using auto trading robots without any compelling evidence to prove the same.

Whether claims about celebrities are true or false, we will soon identify them as we go along this review.

Main Features

Practice or Demonstration Accounts

As mentioned earlier in this review, we recommend using the demo accounts to your advantage, and this is a no-brainer. Beginners would learn a lot by using Bitcoin Trader’s demo accounts prior to trading real money in real markets. Practice makes perfect, and this also applies to trading. Expert traders can likewise use these practice accounts to experiment with newly acquired skills and strategies that have not been done before.

By using Bitcoin Trader’s practice accounts, you are assured safety and security across all your transactions. Trade freely in a safe, secure environment while not risking your real-life capital in the process. The demo accounts or practice accounts are sure avenues of learning in formulating your own unique trading strategies.

Practice accounts are mainly meant for beginners, but it doesn’t necessarily exclude experts from using the platform, too. As mentioned earlier, expert traders can surely engage in demonstration trading sessions in coming up with new trading strategies prior to risking their starting capital, which can get voluminous depending on their risk appetite. It is free to use Bitcoin Trader’s demo or practice accounts for learning completely free, at no hidden fees at all. After the approval of your Bitcoin Trader account, you will soon be able to use your practice account and jump into trading or auto trading, and build your knowledge and confidence from there.

Great System for Verification

After signing up for Bitcoin Trader, you will receive a notification that you have successfully registered for an account. The next step is account verification, and Bitcoin Trader takes pride in the safe and secure verification system offered.

Verification is very secure and safe in keeping your treasured data to make sure no personal information is compromised. Bitcoin Trader’s verification process will require members to provide personal information such as an address, billing information, name, and contact information.

Proof of identity is also required for successful verification by the broker. Aside from your personal information, Bitcoin Trader has made it possible to verify profiles through proof of identity to tame security on another level as a preventive control against people who plan on maliciously using accounts within Bitcoin Trader.

You will know that Bitcoin Trader is legitimate as it offers tokenization as well as SSL encryption. SSL encryption makes transactions made within the auto trading platform safe and secure. This also adds another layer of security in using Bitcoin Trader in order to assure traders that gains are going to their rightful traders and not from fraudulent accounts.

Laptop with padlock

Deposit and Withdrawal System

Because Bitcoin Trader is committed to convenience, Bitcoin Trader’s brokers now offer a hassle-free deposit and withdrawal system of funds, gains, and investments. Withdrawals and deposits of funds are quick, convenient, and straightforward. Bitcoin Trader’s brokers use a variety of payment processing methods, but the most frequently used are Skrill, Visa, Neteller, and MasterCard. Suppose traders prefer other payment methods, they are free to negotiate terms with their chosen trusted broker.

Piggy Bank

The Bitcoin Trader Mobile App

If you’re not always on your laptop or desktop, or just outright prefer a lot of convenience in the comfort of using your smartphone and other portable mobile devices, then the Bitcoin Trader app is just the right platform for you. The creators of the platform have designed a mobile app compatible with iOS and Android users.

The Bitcoin Trader app has functionalities that can also be accessed as if you are using your personal computer. You can withdraw, deposit, trade, and speculate in the crypto market, and also perform auto trades using the auto trading platform offered.

Creating Your Account

Sign up at Bitcoin Trader and create your very own account with Bitcoin Trader with these easy steps below. Start your investing journey now, and watch your financial wealth change for the better.

  1. Access Bitcoin Trader’s official website.
  2. Locate the button that says “Register”.
  3. Provide your complete name, your phone number, and your email address.
  4. Locate the “Register” button and click on it.
  5. Registration is complete, and a regulated brokerage firm or a licensed professional broker shall be open for talks to start accommodating your investing needs, depending on your location.
  6. At this junction, brokers can now assess whether you still need additional verification such as full residential address, your history of trading, level of experience, as well as risk appetite.

Countries and Territories

The list below contains countries and territories where the most aggregate of Bitcoin Trader users live. These are also locations where brokerage firms and brokers mainly conduct their business. Although these locations are not officially determined by the official Bitcoin Trader website, many users have already recommended Bitcoin Trader as their trusted auto trading platform.

Australia, Kenya, Lesotho, New Zealand, Nigeria, Romania, South Africa, United Arab Emirates, United Kingdom* (No CFDs), Zimbabwe

Bitcoin Trader: What Beginners Must Know Before Trading

Diversify Investments

Traders typically put all eggs in just one basket. This is often counterproductive because the cryptocurrency market is extremely dynamic. Putting all investments in one investment vehicle makes beginner traders more likely to lose. Putting all eggs in one basket is better suited in gambling, but absolutely not in investing.

The only way to safeguard your investments from the market’s volatility is to diversify your investments. Do not put all eggs in one basket. Invest in a variety of crypto, stocks, real estate, and other profitable ventures. There are many cryptocurrencies to choose from. Invest in a couple of cryptocurrencies and while you’re at it, make sure to also invest in altcoins that you deem to be profitable. There is no right or wrong investment. Diversifying your portfolio supports other investments in case one sector underperforms in the future.

Easter eggs in a basket

Study Before Investing

One golden rule that every trader should follow is to never participate in trades they do not understand. Study every investment prior to investing in it. This way, risks would be better managed, as well as strategies would be better suited.

The auto trading robots are not aware of your investing decisions, and it should be one of the reasons why traders should do their own research first. Robots cannot tell what is right and wrong, and as such, it is really up to the traders to put in the work necessary. Traders should also avoid relying on feelings, intuition, or even reverse psychology in every investment decision they make. Empirical data, market analysis, and prior experience are more reliable benchmarks for your next investing strategies.

Woman counting money

Come Up With Investment Strategies that Work

We preface this by saying that it is okay to make mistakes, but it is also crucial to come up with investment strategies that work for you. Not only is it a must, but it is also expected for all traders to have investment strategies that work for them. Investing is ideally a long-term endeavour, and it is not just a simple game. Most investors cannot afford to invest more than their means, hence the need for effective investment strategies.

As beginners, the pressure is not that apparent. It may not be apparent now, but it is better to start strategizing as soon as you can. After all, strategies can be improved over time, and there is still a lot of space for improvement for beginner traders. Try not to be mindlessly influenced by the investment decisions that every other trader is making. Prior to copy trading, we highly recommend beginners to do their own research first. Newbie traders often lose a lot more money in the long run through mindlessly copying strategies without necessarily internalising and appropriating them in a way that suits their circumstances. Staying dedicated to strategies goes a long way. Investing is supposed to be a marathon and not supposed to be a sprint. Do invest only in the amounts that you can afford to lose.

woman working on a desk with notepad laptop coffee glasses

Bitcoin Trader: Alleged Endorsements?

Bitcoin Trader has not been endorsed by public figures or entities. Any alleged endorsements should be taken with a grain of salt, as many fake sites are trying to lure traders. Carry on due diligence!

BBC News

BBC

This one is immediately a public figure of concern. Everyone knows that the British Broadcasting System (BBC) is a neutral entity. As such, BBC has not done any sort of endorsement for any business, including Bitcoin Trader. Any website with BBC’s logo that makes it seem that Bitcoin Trader is endorsed is not legitimate. Please always check the URLs before getting involved with transactions with fraudulent websites.

Bill Gates

Bill Gates

Microsoft co-founder and public figure Bill Gates has not made any endorsement for any cryptocurrency auto trading platform, including Bitcoin Trader. Bill Gates, in fact, has displayed quite a sceptical take towards cryptocurrency sites, making it extremely unlikely for Gates to endorse a cryptocurrency auto trading platform such as Bitcoin Trader. Any website with Bill Gates featured in as a Bitcoin Trader endorsement should automatically be considered bogus.

Daniel Wroughton

Daniel Wroughton Craig

Claims have circulated that Daniel Craig has endorsed Bitcoin Trader on his social media handles. Upon investigation of his social media account, there is no believable evidence that supports these rumours. In addition, there is no news about Craig endorsing a cryptocurrency auto trading platform, even on the verge of bull markets and increasing Bitcoin prices.

Dragons Den

Dragon’s Den

Dragon’s Den is a show under the BBC. Because BBC is a non-partisan entity, this also makes Dragon Den unable to host endorsement of products.Dragons in the show get to hear pitches of business owners seeking expansionary investments, and Bitcoin Trader has never been featured in the show, not even once. This makes any endorsement made by investors of the Dragon’s Den inauthentic.

Elon Musk

Elon Musk

Elon Musk has not made any endorsement of cryptocurrency auto trading platforms, including Bitcoin Trader. Despite the fact that Musk is an influencer in stocks, cryptocurrency, and technology, in general, Musk has never acknowledged the use of auto trading platforms, nor has encouraged his followers to use the same. This makes any rumor of endorsements made by Musk outright false.

Gordon Ramsay

Gordon Ramsay

Gordon Ramsay’s reputation is almost exclusively focused on his chef experience and cuisine expertise, as well as his snappy personality, but he has never been notable for cryptocurrency. This fact alone should make people doubt rumours about Ramsay endorsing Bitcoin Trader. Even if Bitcoin Trader would use celebrities for endorsements, they would surely pick public figures who are knowledgeable about investing and cryptocurrencies.

Justin Trudeau

Justin Trudeau

As the Prime Minister of Canada, Justin Trudeau, has not made any endorsement for any product, and he is not allowed to do so. That is why any endorsement of Bitcoin Trader allegedly from Prime Minister Trudeau is not truthful.

Jeremy Clarkson

Jeremy Clarkson

As a journalist, Clarkson is widely known in the UK. However, this doesn’t mean that he is openly doing endorsements of products on air that he actually uses in real life, let alone advertisements for financial products and institutions such as Bitcoin Trader. As such, the rumors of Clarkson endorsing Bitcoin Trader are not true.

Conclusion

It is common knowledge in stocks, real estate, or cryptocurrency trading that investing always involves risk. A riskless investment is not an investment, at all, which is why we advise beginners to be in the right headspace whenever trading their hard-earned capital for volatile investments, as returns are almost never guaranteed. Literally, anything can happen in the markets.

Now that you have finished reading over this comprehensive review, it is up to you to decide whether to go for financial tools such as Bitcoin Trader or not. At a minimal investment of $250, Bitcoin Trader provides a viable environment for beginners to use demo or practice accounts, as well as an expansive selection of brokers to provide helpful financial services such as auto trading platforms that are customisable and easy to use.

Article Disclaimer: None of the contents of this Bitcoin Trader review should be deemed as financial advice from a certified financial advisor.

Platform Disclaimer: Bitcoin Trader is not a standalone trading software. Bitcoin Trader is an intermediary between brokers and traders wherein communication and trade is made easier. The only brokers affiliated with ourselves (Bitcoin Trader) are regulated brokers.

CFD Cryptocurrency Risk Disclaimer: As CFDs are traded under high speculation, the trade of CFDs holds a great risk of negative returns or a complete loss of capital. Trading CFDs is inherently complex, as CFDs are highly leveraged instruments. Trade at your own risk.

The Financial Conduct Authority (‘FCA’) in the UK has issued a policy statement PS20/10, which prohibits the sale, promotion and distribution of CFD on unregulated crypto assets.We prohibit the dissemination of marketing materials relating to the distribution of CFDs and other financial products based on crypto assets and that are addressed to UK residents.