In recent years, cryptocurrency trading has become popular. To help people with this activity, a number of robots have started to appear. The best of them make fast trades automatically. And, among these bots, Bitcoin Profit has become a standout.
In 2017, software developer and entrepreneur John Mayers introduced the world to this program. Its complicated algorithm can make sophisticated and insightful trades.
Despite the name, Bitcoin Profit trades more than Bitcoin. It also trades the popular cryptocurrencies Litecoin, Ethereum, and Ripple.
Just how effective is this robot, though? Is it a tool you should consider using to build wealth?
After all, you may have seen social media ads for this program, and perhaps they raised suspicions. You might’ve thought the claims seemed too good to be true. In that case, you’ll be surprised to learn that Bitcoin Profit delivers just what it promises.
What Sets Bitcoin Profit Apart
Without a bot, becoming a trader would take a great deal of time and effort. You’d need to conduct extensive research into the market and how to read it. Most likely, you’d want to take at least one formal class on the subject, if not a series of classes.
Then, once you developed a broad understanding of the marketplace as well as how and when to trade, you’d have to keep doing research to stay on top of the latest trading tricks and trends.
Bitcoin Profit lets you skip all that hard work. In its place, this program offers an interface that’s exceptionally easy to use. Yes, the program is simple to operate from the very beginning. And, to get started with it, you just need to create an account and set your preferences. Both of those steps are a snap to complete.
Generally speaking, all of the cryptocurrency trading robots are similar to one another in their functions. What separates this particular bot from the pack, however, are three qualities: its ease of use, its dependability, and its truly impressive speed. When it comes to actually making money, speed and accuracy are the most important factors.
A High Degree of Accuracy
This algorithm receives signals from the market. They let the bot keep track of one-time events that could affect cryptocurrency values as well as broader trends. And the software analyzes those signals continuously. As soon as it becomes aware of a potential rise or drop in prices, it will trade accordingly.
Thus, these trades will maximize your profit potential. Indeed, the company claims to have an accuracy rate of 92 percent, which means that 92 percent of its trades make money. And most users find that it attains this rate of accuracy. Some people even discover that their Bitcoin Profit accounts surpass that rate of 92 percent.
What good is trading accuracy without speed? Well, this company says that, when its program spots a trade to make, it can place it at least 0.01 seconds ahead of any comparable software.
While 0.01 seconds might not sound like much, it’s enough to secure a profit while the competition fails to do so. And, trade by trade, those profits will really add up over time.
A Surprising Ease of Use
Since this bot can handle all of the heavy lifting in terms of trading, what’s left for you to do? Basically, you just need to monitor your trades on a regular basis. That is, you ought to spend a few minutes or so looking at this interface every day.
Believe it or not, it doesn’t cost anything to set up and use one of these accounts. Instead, the program will simply take 1 percent of the profits that it makes for you.
Therefore, to stay afloat, this company must make a lot of money for its users. That business model bodes very well for everyone who signs up for it.
Becoming a Trader
To get started with Bitcoin Profit, you should first evaluate your current financial situation. Can you afford to invest money in cryptocurrency trading at this time?
You should treat the money you put into such a program as disposable income. Don’t look at it as a savings account or your retirement fund. That’s because the market always involves some level of risk, no matter how dependable an asset or a trading algorithm may be.
Plus, a cryptocurrency can be a little more volatile than an asset that’s been around for a long time. On the flip side, with greater volatility comes greater profit potential.
If you feel like you can invest money in this program, keep in mind that you must supply at least $250 before it will make your first trade.
Registering and Using Your Demo Account
Your trading journey begins with registration, a process that should take you about 10 to 15 minutes to finish. You’ll start by filling out a form that’s similar to forms you’ve no doubt completed many times before. It will ask you to create a password and to type in your full name, phone number, and email address.
Once your account is registered, you can move on to the demo account phase. This step is optional, but it’s a great feature to try. In essence, you’ll be given an account with $1,500 in it. The only catch is that the money isn’t real. Nevertheless, the program will “trade” that money as though it were real.
You can keep your demo account open for as long as you wish. And, while it’s active, you can study those trades and get a feel for how the market behaves. You should build your knowledge of trading and your confidence as an investor at the same time.
Just as important, the demo account comes with a beginner’s tutorial, one that will show you the steps involved in trading. This overview of the process is informative, crisp, and presented in a way that’s simple to understand.
Indeed, the demo account feature is something that most trading bots don’t offer. Because it provides such a rich educational experience, it really distinguishes this program from its competition.
Making Your Deposit
You can make your deposit before or after you start using your demo account. There’s no upper limit to how much you can invest.
Having said that, it makes sense to start with the requisite $250 and then build slowly over time. That way, you can make sure your account is performing to your expectations before you invest extra money. On top of that, the more money you have in this account, the more risk you assume.
On the other hand, the more money that’s in there, the more profit you stand to make. Over time, you should be able to find a balance between risk and profit that makes you feel comfortable.
There are a number of ways you can transfer funds into this account, including Mastercard, Visa, Skrill, Giropay, SafePay, and MerchantPay. A debit card, a credit card, or a direct transfer from any of these payment systems will permit you to make your initial deposit.
To make the deposit, just tap or click the deposit button. The program will then connect you with a broker, a real live person, who will make the deposit for you. That broker must place the money in order to comply with the law.
The broker you’ll be assigned will also be available should you have any questions or concerns about trading. And, rest assured, every broker who’s associated with Bitcoin Profit is reputable and fully licensed.
A Note About Privacy
Naturally, data privacy is a major issue when it comes to any internet venture. Fortunately, Bitcoin Profit excels in this area. Its many layers of security include a multi-factor authentication sign-in. The program also encrypts all data according to the industry’s highest safety standards. Thus, you can be certain that your billing data and your personal information will be protected at all times.
Not to mention, the program adheres to all General Data Protection Regulation (GDPR) rules. The GDPR is a set of regulations that apply to companies doing business within the European Union. It was approved in April 2016, and it officially became law in May 2018. Among other provisions, it requires businesses to make internet users’ data anonymous whenever possible.
Your Crypto Trading Begins
Let’s take a moment to review the situation. You’ve set up your account. You’ve made your deposit. You’ve looked at the introductory tutorial, and you’ve watched the demo account in action for a while. You have one step left before your trading commences. You must customize your account, which involves setting your preferences.
Setting Your Preferences
There are a number of settings you can choose. For example, you might want to establish a stop loss order. A stop loss directive tells the program to sell any stock that dips below a certain price. That way, if a stock were to suddenly crash for some reason, you’d be able to cut your losses.
You can also set up a similar instruction called a take profit order. This command tells the algorithm to sell a stock as soon as its price climbs to a certain number. As a result, you can cash in at a particular level before the stock price starts to fall again. As you can see, both the stop loss and take profit orders are designed to minimize your risk.
By the way, many if not most other trading robots do not allow you to set your own trading parameters. Instead, they are fully automatic, with every trading preference programmed by their companies ahead of time. It’s yet more evidence that this program has been created with the user experience at the forefront.
At this stage, you can choose cryptocurrency pairs as well, which means you’ll decide which kind of cryptocurrency you’ll let the program trade for which other kind of cryptocurrency. Ask your broker for advice if you need it.
Tracking Your Profits
Once you’ve named your preferences, there’s nothing left to do but take a deep breath and become an official cryptocurrency trader. Find the auto trade button, and press the tab marked “push.” Your trading will begin immediately.
As time passes, you can take out any of the profits that you’ve made. Those funds can go into a savings account, or you can use them to pay some of your expenses. You might even use them to splurge on gifts, travel, or other fun things. In addition, at any time, you can look at your history and see all of the trades that this program has made for you.
In fact, it’s a bad idea to let your profits keep growing inside your trading account. You’d hate to lose them in the event of a sudden and unforeseen downturn in the market. As soon as you’ve made some money, take it out and use it where it could do the most good for you and your family.
A Continuing Education
As you keep trading, it’s great to learn as much as you can about this field. You could watch online tutorials — so long as they come from trustworthy sources, of course.
As an alternative, you could contact your broker or the Bitcoin Profit customer service department should you want to find out more about a certain topic. In fact, you can get in touch with a customer service representative just by using the program’s dashboard. At any time of the day, you could call, send an email, or start a live chat, depending on which mode of communication you prefer.
It’s simple: The more knowledge you have, the more lucrative your trading settings will be.
Why You Can Trust This Program
Maybe you know people who’ve used other trading robots, and you’ve heard them say they’ve had bad experiences. Well, you shouldn’t let those stories scare you away from Bitcoin Profit.
That’s because most other robots are different. Many of them have significantly lower rates of accuracy, which means they generate lower levels of profit. And some hardly work at all.
Furthermore, withdrawals from Bitcoin Profit only take a day. By contrast, withdrawals from other trading robots can take as long as a week. In addition, many of those programs have registration processes that are quite a bit trickier to complete.
It’s also hard to find another robot that will give you so many payment options or such a friendly and knowledgeable customer service team as Bitcoin Profit.
In short, the reviews speak for themselves. Why not try searching the internet for some Bitcoin Profit reviews? When you look at postings from verifiable individuals or trusted technology writers, you’ll notice a distinct pattern. They tend to have glowing praise for this service and its varied offerings.
On the other hand, if you were to search online for reviews of other trading robots, you’d be likely to come across very mixed results. And, in some cases, the reviews will be harshly negative.
What makes this program especially appealing is that it comes with no hidden fees, surcharges, or commissions. You’ll never get an unpleasant surprise in the form of a bill from this company.
Keep in mind that there’s no mobile application for Bitcoin Profit, at least not yet. It’s actually common for trading robots to lack such apps. Even so, you can access this program from the browser of any laptop, tablet, or smartphone. As such, it’s not any less convenient to operate than an app would be.
In Conclusion: A Trading Partner for the Long Haul
In the end, the decision to trade is a deeply personal one. You should definitely discuss it in depth with your family members before you take the plunge. That’s especially true when it comes to cryptocurrencies. Obviously, they represent new technologies. As such, they’re new to the marketplace, and they don’t have long histories that people can study.
However, if you decide to get involved with crypto trading, you’ll be in safe hands — or safe algorithms — with Bitcoin Profit. It’s a system that’s been designed with the user in mind: from the outstanding tutorials to the demo account, from the quick registration to the effortlessness of the withdrawal process.
Best of all, there’s no limit to how much money you could make from Bitcoin Profit.
Overall Rating 9/10