After our in-depth evaluation Bitiq, we’ve come to the conclusion that this brand is a legit platform that partners with regulated brokers. If you want to explore the novel trading services Bitiq’s partners offer, fill in the form below, and a personal account manager will contact you in no time.
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BitiQ is an app that provides a simple way for retail investors and traders to start trading Bitcoin. The app is designed to be helpful to all sorts of traders, from the complete novice to seasoned professionals. It can help traders find a trading robot or other nifty software to carry out Bitcoin trades quickly and safely. Bots are particularly necessary when dealing with cryptocurrencies due to the crypto market’s famed high volatility.
These days there are many websites and apps that make similar claims. They focus on the potential of cryptocurrencies to bring in a lot of profit quickly and forget to mention that high-reward assets also come with high risks. Some companies out there are outright scammers ready to take your hard-earned money and offer nothing in return.
Due to the high interest in the cryptocurrency market, especially in Bitcoin trading, we feel compelled to find and review such apps and brokers. Our goal is to sift through all available services online to help you identify trustworthy ones and avoid scammers. This 2023 BitiQ review explores what this app offers and if it is legit or a scam.
Table of Contents
What Is BitiQ
BitiQ is an innovative platform that aims to make Bitcoin trading more accessible for everybody. The BitiQ app helps traders, regardless of their level of experience, make their way to the cryptocurrency market.
The team developed this app because they deemed that the crypto markets might be too intimidating for some. Beginners, in particular, often struggle to learn about all sorts of strategies, chart analysis methods, and so forth. This complexity can discourage people from trading and lead them to miss profitable opportunities.
How Does It Work?
BitiQ reduces the burden of trading by pairing each trader with a reputable broker. In our experience, that can save lots of time, especially for beginners who don’t know the market well.
The BitiQ platform operates in a very straightforward way. On the backend, the team behind the app has done the painstaking work of browsing the crypto space for trustworthy brokers. The BitiQ team claims it has selected only companies that meet all industry regulations and have an excellent reputation in the trading community. Moreover, it has forged partnerships with them to make their services accessible to more traders worldwide.
Thus, when customers register for BitiQ, the platform uses an algorithm to find the best broker in its database that matches their profile. We couldn’t fully figure out how the matching works, but location seems to be a deciding factor. After all, brokers usually restrict their operations only to one country or region. The app would be useless if it recommended a broker you couldn’t use, wouldn’t it?
When BitiQ matches you with a broker, you also get a free personal account manager. They work for the brokerage and can help with managing all investments the trader wishes to make. In addition, the personal account manager can also answer financial questions, offer advice, and explain various trading strategies to the client.
Moreover, BitiQ’s partners provide news and analysis of the price trends of assets like Bitcoin. Such real-time data is crucial for traders. Often, one’s success depends on their ability to make lightning-fast decisions, which are impossible without getting all the info on the asset you’re trading.
Note that BitiQ is not a broker but merely a tool that provides access to the crypto market. The BitiQ trading platform puts customers in touch with brokers offering crypto trading bots, a practice demo account, tools for analysing market trends, and more.
Is BitiQ Safe or Is It a Scam?
After a thorough investigation, our team determined that the BitiQ app is perfectly safe. The services it provides are legitimate and do not violate any laws. We did not encounter software bugs, hidden fees, or other issues while testing the app.
Furthermore, we were impressed that the app is entirely free to try. Everyone can easily open an account and explore the functions and resources BitiQ offers without an initial investment. So, on the off-chance that you determine that BitiQ is not for you, you can stop using the app without wasting any money.
Our review concludes that the app offers reliable trading software for cryptocurrency trading.
How to Register for BitiQ
Registration for the app is pretty straightforward.
You simply need to head over to the BitiQ website or download the BitiQ app from the Apple Store or Google Play.
To sign up, all you need to do is fill in your contact details (name, email, phone number), and you’re good to go. The app does not ask for other personal information to set up your account.
BitiQ offers all the necessary features to enable you to trade Bitcoin on the financial markets. The main advantages that stood out in our BitiQ review include:
- Multi-platform solutions: BitiQ is available on both PC and mobile devices. Thus, you can trade BitiQ from your PC at home, or use your tablet or smartphone on the go, if you prefer. The BitiQ app is compatible with all mainstream operation systems.
- A free personal account manager: each client gets help and investment advice from a professional account manager. They can help you identify trading goals and create a profitable investment portfolio.
- Compatibility with all types of traders: BitiQ offers a well-rounded app that can meet the needs of both casual and professional traders. Thanks to its user-friendly interface, the app is perfect for beginners, while also offering all the functionalities a pro requires.
- Trading software: the BitiQ app includes various options to assist traders. For example, you can find trading robots, expert advisors, and other AI-powered tech, which help significantly reduce the time it takes to plan and execute trades.
- Copy trading: BitiQ allows customers to automatically copy successful traders’ trading strategies. This feature is especially handy for beginners who don’t know the ins and outs of the financial markets yet.
Does BitiQ Use AI?
The BitiQ app may suggest crypto trading AI assistance tools, such as an EA or a trading bot if the customer is interested. Though it’s not mandatory to use them, these expert advisors can be beneficial in identifying profitable opportunities and eliminating the human error factor from the trading process. The exact selection of trading bots varies from one broker to another. Please note that auto trading tools are a bit complicated and not suitable for beginners.
Is BitiQ Easy to Use?
Based on our team’s BitiQ review, this platform is very beginner-friendly. The design felt intuitive, and we didn’t have to spend a long time searching for the basic functions we were testing out. We like the way things were organised and believe that customers wouldn’t have any issues using the broker’s trading platform. If you choose a BitiQ trading robot, those are easy to set up too, as long as you know the markets well and know what you’re doing.
Does BitiQ Offer Any Advanced Features?
In our BitiQ review, we found the broker’s trading system to be highly customisable. Depending on your trading needs and experience, BitiQ’s partner brokers may suggest advanced features to help increase your profitability. Demo trading, different trading platforms, automated trading tools, and trading parameters depend on the broker BitiQ connects clients with. The app can certainly satisfy the needs of even professional traders using a more complex trading strategy.
Trading Bitcoin with BitiQ
The primary goal of the BitiQ app is to help people trade Bitcoin. Thus, we find that BitiQ has made it easy to set everything up and start trading. All you need to do to trade Bitcoin with BitiQ is:
- Register an account. Opening a BitiQ trading account is free, and you can explore the app’s features without spending money.
- Confirm your account: someone from the broker BitiQ matches you with will contact you to finalise your registration. You’ll then be able to log into the broker’s website or mobile app and access their trading platform.
- Make a deposit. When you’re ready to start trading, add funds to your account to place orders. Thankfully, BitiQ’s partners have an excellent selection of payment methods (including online bank transfers), so making a deposit is not difficult. The minimum deposit amount depends on the broker, not on BitiQ. Most of its partner brokers ask for at least $250 as a deposit.
- Begin trading! You can start a live trading session in your broker’s trading app once you have funds on your account.
Cryptocurrency Markets: Is Trading Bitcoin Profitable?
Bitcoin is the first and most popular asset in the cryptocurrency class. It has been part of the trading world for over ten years and has amassed a market cap of $700 billion. Thanks to its unique properties and lack of formal regulation, it has gained a cult following and has already made many people rich.
Some of the wealthiest people in the world have placed their money and trust in Bitcoin. These include business figures like Elon Musk, Cathie Wood, Mark Cuban, the Winklevoss twins, and even some entertainers like Kanye West, Snoop Dogg, and more.
While all of the people mentioned above have earned money from Bitcoin, we did not find a direct connection between them and BitiQ specifically.
We believe that BitiQ offers a reliable way to begin trading Bitcoin and other cryptocurrencies. The platform can help you quickly find a reliable broker that’ll hold your hand every step of the way as you begin your trading journey. Moreover, BitiQ’s partners have low entry requirements and offer services suitable for beginners.