Bitcoin Up is a crypto trading platform that promises to improve your trading skills. According to the vendor, it can close lucrative deals, thus bringing you attractive rewards. In this Bitcoin Up review, we shall try to determine whether this is truly a reliable trading platform.
On the official website, the vendor does not share any details about the parent company, so we are not sure where it is located. Also, we don’t have any contact details, so the only way we can get in touch with the service team is through the contact form provided on the website.
Bitcoin Up overview
The presentation on the official website has the vendor talking about what this platform is and how it works. We have a list of features, along with an FAQ section where we can find the answer to some common questions. Also, the vendor has shared instructions on how to open an account on this platform. We can see that some details are missing, like the security features, the vendor’s service history, etc.
To get started with this platform, you require a minimum balance of $250. Before you begin trading, Bitcoin Up will offer you some trading tips. Whether you follow these tips is up to you, as the final decision is yours. The platform uses AI and market data to target trading signals related to digital currencies.
In the beginning, you have to sign up for a free account. For this, you don’t need to submit any documents or forms. To register, you only need to provide your name, email address, and phone number. With a single click, you can initiate a real-time trading session and start investing in assets as you like.
According to the vendor, you should start with a demo account before placing live trades. This is especially true for novice traders who are not too knowledgeable about the market. After using the minimum deposit for investing in crypto positions, the Bitcoin Up tells you when to make a withdrawal and when to invest. The vendor states that the trader needs to spend around 20 minutes every day on this platform. It is recommended that you trade between 8 AM and 4 AM because the market is highly volatile during this time.
The idea behind Bitcoin Up
Trading in digital currencies can sometimes be a perplexing affair, especially for those who don’t have any prior experience. As per vendor claims, this is a platform that teaches traders about taking advantage of opportune moments in the crypto market. It aims to improve the trading decision of crypto traders by analyzing market data. Now, this is a very vague way to describe the idea behind the company, and as per our understanding, Bitcoin Up doesn’t have a motto or a long-term objective.
The core team
One of the most disappointing things about this trading platform is that the vendor has not shared any information about the team members. We don’t know whether this system has been built by experienced individuals, which does nothing to increase our trust in Bitcoin Up.
Safety of Bitcoin Up and the network
Bitcoin Up uses encryption technology to safeguard the personal data of users who register through the website. Apart from this, we don’t have any information on the safety features of this platform. Experienced crypto traders place a lot of emphasis on safety, so the lack of advanced features in this department might deter them from investing.
Currently, you can get the license for free. However, the vendor mentions that a fee might be introduced eventually. For every trade you place through this system, you need to pay a commission of 1%. If you are using the partner broker, you will be charged a floating spread for every trade. Here, we should mention that free services often turn out to be scams.
We were able to find some customer reviews for Bitcoin Up on the Trustpilot website. One user has claimed that the company sold their personal data to scammers. Another user has accused the service of being a scam.
Is Bitcoin Up a legit investment service?
Our verdictOur verdict
- Free license available
- Lack of vendor transparency
- Advanced security feature missing
- Negative customer reviews