Bitcoin Trader is a cryptocurrency trading system that uses an AI-powered algorithm. According to the vendor, trading with this platform does not require one to have a background in crypto trading. It is also claimed that you can win daily profits of up to 60% with this system. However, this is a claim that we need to verify independently in this Bitcoin Trader review.
The offices of Bitcoin Trader are located in London, UK. This company was launched back in 2016 before Bitcoin was introduced into the mainstream. To get in touch with them, you can call the phone number shared on the website or use the contact form.
Bitcoin Trader Overview
This trading platform is based on blockchain and allows peer-to-peer transactions. The trader can monitor their account in real-time and use smart contracts to solve disputes. It follows a high-frequency trading approach by sifting through big data. Here, there is no cost for withdrawing your funds, but to get started, you need to deposit a minimum of $250.
You have the option of placing your trades using mobile apps for iOS and Android. Whenever you make a profit, you have to pay the company 2% of that. The vendor recommends running the software for a minimum of 8 hours on a daily basis.
For registration purposes, you need to provide identification details. There is a demo account that simulates the live platform. Here, you can get used to the features of a real account while using virtual money for trading. For live profit, the user needs to modify the take profit and stop loss values. The vendor provides traders with tutorials where instructions for setting up the live account are provided.
The Idea Behind Bitcoin Trader
Bitcoin Trader claims to be one of the first platforms to use Artificial Intelligence in cryptocurrency trading. This is a disputable claim, however, and we have no way to verify this. On the official website, there is no information related to what the company wishes to achieve. While the vendor has talked a lot about the system and its features, we have no idea about the company motto.
The Core Team
We don’t have any data on the team members working for this trading platform. We don’t know what trading experience they have, so we are not sure whether this system is handled by people who know what they are doing. Reliable crypto trading platforms always maintain transparency when it comes to the core team, so the lack of information in this department is a major red flag.
Safety of Bitcoin Trader and the Network
Safety is one of the most vital factors for a trader when they look for a crypto trading platform. Since there are many fraud services on the market aimed at swindling traders off their money, it is important to know what kind of security features a platform has.
Unfortunately, the vendor has not provided any information in this regard, except for the fact that the platforms are encrypted. We cannot possibly trust the system based on this vague piece of information.
The vendor has provided the live profit results for the system in a tabular format. However, we cannot consider them genuine since they are not published on a third-party website. It is possible that these results have been manipulated.
There are several customer reviews for Bitcoin Trader on the Trustpilot website. As you can see, more than one user has complained that the service is a scam. One of them has claimed that they were locked out of their account and upon contacting customer support, no assistance was provided.
It seems that this cryptocurrency trading platform suffers from a general lack of trust and it does not have a decent reputation among traders. On the official website, the vendor has shared some customer testimonials that are obviously fake.
Is Bitcoin Trader a Legit Investment Service?
Our VerdictOur Verdict
- Low starting capital requirement
- Lack of security features
- No information available on the team members
- Negative customer reviews