Which of the several “official Bit Alpha AI website” URLs is real, and is this bitcoin trading bot a scam or legitimate? We looked into BitAlphaAI, which may be written with or without spaces and appears to be a platform for automatic trading.
However, it’s vital to exercise caution as the majority of trading robots are unregulated and others are scams. Online, cryptocurrency trading bots and specialized “Bitcoin robots” are quite prevalent; Bit Alpha AI is now trending most on social media.
We reviewed the details on the Bit Alpha AI website as well as online customer reviews.
What is Bit Alpha AI?
68 to 72 percent of human traders lose money, according to cryptocurrency exchanges, and even retail investors who merely buy and hold frequently experience panic sales at a loss when the market corrects or don’t pick the best altcoins to buy at the right times. With the promise of acting as “robo advisers” to assist traders be more lucrative while using bitcoin and other cryptocurrencies, Bit Alpha AI is one of the newest trading bot programmes.
What is different about it? The user can swing trade based on the situation of the bitcoin market, and Bit Alpha AI claims that take profit and stop loss orders can be continuously updated.
Because Bit Alpha AI’s auto trading software is not made accessible to users without a deposit, we were unable to verify its precision and win rate. The minimum investment for trading robots is only $50, and a demo account is reportedly made available.
The Function of AI in Bit Alpha
Other than the fact that Bit Alpha AI can recognise “alpha” in trading environments, not much is known about it. The Greek letter alpha is frequently used to denote the word “edge.” Trading alpha, as defined by Investopedia, essentially refers to a trading strategy’s ability to exceed the market.
This might cover things like how to layer take profit (TP) orders, where to put stop loss (SL) orders, and more. See our rating of the top Twitter traders for cryptocurrencies who frequently use this word.
Bit Alpha AI, a cryptocurrency trading bot that can be used independently or in conjunction with Meta Trader 4 (MT4) or MT5, claims to be able to identify alpha in the price action (PA) of Bitcoin and other important assets.
It appears to function in a more sophisticated manner when compared to some of the other automatic trading platforms we’ve examined.
Characteristics of Bit Alpha AI
According to our Bit Alpha AI reviews, the following problems were commonly raised by online reviewers and Bit Alpha AI testimonials:
a high win rate
Uncertainty surrounds whether the reported Bit Alpha AI victory rate of 70% is exaggerated, but if true and trustworthy, it would be adequate to outperform the market over the long haul. It sounds more realistic than some dubious robot trading programmes.
Speedy Withdrawals
According to Bit Alpha AI, its withdrawal time window is practically instant, sending back the bitcoin asset that was used as the deposit method only takes a few minutes to an hour. A bank account or VISA can also be used to deposit and withdraw winnings, although these processes take longer.
Educational Materials
Following the deposit, Bit Alpha AI issues some guidelines on how to trade and how Bit Alpha AI works.
Bit Alpha AI offers a demo account, similar to many other bitcoin robots; to learn more about your possibilities, see our guide to demo trading accounts.
Evening Trading
Because cryptocurrency exchanges are available 24/7, as opposed to traditional financial markets that could close on weekends, the Bit Alpha AI robot can benefit from this.
Is Bit Alpha AI a Scam?
On websites like Reddit, TrustPilot, and other scam-detection sites, Bit Alpha AI has received a lot of positive reviews; however, it’s not apparent if these reviews are real or the result of paid promotion.
Start with a little investment if you choose to trade with Bit Alpha AI, and check our reviews of other automated trading platforms first because many bot programmes are unregulated and others are well-known scams.
A potent cryptocurrency trading bot that outperformed the eToro bear market in 2022 was also examined.
Bit Alpha AI Needs a Deposit
The minimum deposit required to open a new trading account with Bit Alpha AI is $250.
Assistance for Bit Alpha AI users
According to the Bit Alpha AI website, registered customers can get in touch with support by phone and email every day of the week, 24 hours a day.
How to Use Bit Alpha AI Tutorial
The following are the steps to start trading with Bit Alpha AI:
Sep 1: Register
Go to the Bit Alpha AI website and complete the sign-up form on the right side of the page.
Step 2: Make a Deposit
A $50 initial investment is required from candidates in order to join the Bit Alpha AI programme. New user accounts can be funded with bitcoin, credit/debit cards, bank wires, and cryptocurrency.
Step 3: Demo Trade
Some new traders may decide to practise trading on paper utilizing the Bit Alpha AI platform’s demo trading option before making a substantial commitment.
Step 4: Trade
Choose a trading market, such as BTC/USDT, ETH/BTC, etc., using the email instructions you received or those offered by the support team. There are rumors that the Bit Alpha AI robot can either check the markets on its own using an automated scanner or the operator can take a more active role and change its settings.
Conclusion of the Bit Alpha AI website review
Due to its appealing claims that it can trade a variety of cryptocurrencies, including Bitcoin, Bit Alpha AI is popular in 2022 on Facebook, Reddit, and Twitter. Proceed with caution, though, as depositors are the only ones who have access to all performance information from the past. Additionally, we suggest making a $50 minimum deposit.
Other Bit Alpha Website domains, such as BitAlphaAI and BitAlpha AI, use other spellings and assert to have a “updated link” for current year. Don’t forget to click this link.
Alternatives to Bit Alpha AI can be found on our list of 10+ algorithmic trading platforms; these have a better reputation in the cryptocurrency market, especially number one, which is a legitimate cryptocurrency exchange with automated copy trading of profitable traders with a positive ROI backtested (logged by the platform over months).
To protect your wealth, have more money available to buy the drop, and remain flexible, maintain a varied portfolio and split your money across several websites. Never put too much money into one bitcoin trading bot programme or alternative coin.
FAQs
What is Bit Alpha AI?
While Bit Alpha AI presents itself as a robo advisor and cryptocurrency trading bot for Bitcoin and the major altcoins, it is proprietary and its API is only accessible to registered users.
Is Bit Alpha AI a legitimate business?
Many websites that appear to be Bit Alpha AI frauds appear to employ poor URLs; in this guide, we provide a reliable link. Despite having access to the Bit Alpha AI website URL, we haven’t been able to independently verify the claims made by this automatic trading platform.
How many new Bit Alpha AI members sign up?
This article contains a detailed walkthrough of the registration process for Bit Alpha AI on the business website. You must agree to the terms and conditions and submit some personal information.