Bitcoin Prime Review 2023

What Is Bitcoin Prime?

Bitcoin Prime was created a few years ago when cryptocurrency traders realized the financial promise of Bitcoin.

It is said that the Bitcoin Prime algorithm uses artificial intelligence to power its automated trading robot, which places and executes Bitcoin transactions. The trading platform then scans several Bitcoin exchanges and shows you the best bargains, aiming to reduce your chance of making a loss.

The trading platform is in constant flux, continually improving its service for new and seasoned traders alike. As such, Bitcoin Prime gives you access to regulated Bitcoin brokers in your region.

If you have some idea about the art of buying and selling things, you should be able to get your head wrapped around the Bitcoin Prime concept. You purchase Bitcoin when the market price is low, and then you sell BTC when the price goes up again. Bitcoin Prime’s AI is said to assist in this process, helping you potentially make a tidy passive income for a commission fee.

Note that even though this review focuses on Canadian users, we have used USD for the minimum deposit and other sums. Like many such tools, Bitcoin Prime converts your local currency (Canadian dollars, in this case) into the equivalent USD amount to execute trades.

Bitcoin Prime Overview

Pros and Cons of Using Bitcoin Prime

Who Owns Bitcoin Prime?

Finding information regarding Bitcoin Prime owners was not easy since there are many platforms with different information. However, based on what we gathered from its official website, Bitcoin Prime was developed and is owned by a team of professional traders and software developers. These individuals reportedly have decades of experience in the financial market, indicating that they were keen on ensuring the robot is at its best performance.

Additionally, Bitcoin Prime owners stay abreast with the latest trends and developments in the cryptocurrency market to gain insights into the market performance. This is so that they can ensure the robot identifies trends with more profitability and enhance its capability in managing cryptocurrency trades. Plus, the bot’s owners partner with regulated platforms, making it legit and safe to trade with.

Getting Started With Bitcoin Prime

Getting started with Bitcoin Prime trading is easy, and it will only take you a few minutes to have everything set up. Here is a brief overview of how to create an account and trade with Bitcoin Prime.

1. Register for an Account

At the top right corner of the Bitcoin Prime page, there is a form to fill out to begin your account setup. This procedure takes less than five minutes to complete.

2. Deposit Funds

Bitcoin Prime trading has a minimum deposit requirement of $250. To begin your cryptocurrency trading ventures, you will deposit these funds via its affiliated brokers who are believed to be highly regulated and safe.

3. Trade

It's a no-brainer that Bitcoin Prime is a trading robot in the cryptocurrency space. Therefore, once you make your deposit and set up the robot, it will automatically start executing trades based on market conditions. With a 90% claimed win rate, your chances of tripling your capital are maximized.

Bitcoin Prime Markets, Assets, and Options

What cryptocurrencies and products can you trade using Bitcoin Prime?

The Bitcoin Prime trading platform lets you trade Bitcoin and other altcoins, including Ethereum, Litecoin, Dash, and Ripple. Simply put, you have access to more than 14 cryptocurrencies, all of which you can also trade as CFDs. Unfortunately, the robot doesn't have any other trading options/markets. For instance, if you also venture into stocks and forex, you may want to consider other automated platforms.

Remember, Bitcoin Prime features are user-friendly. So whether you are a beginner with zero experience in the crypto market or an expert trader looking for a better trading bot, it is suitable for your trading needs.

What leverage trading options are available with the Bitcoin Prime app?

The robot works with regulated brokers in the cryptocurrency industry to offer investors up to 3000:1 leverage to magnify small trades. The company states that its high leverage is the main factor in the high return rate it offers to small investors. So, how does Bitcoin Prime work? Well, with 3000:1 leverage, if you invest $250, you can potentially borrow $750k to make crypto investments. This is relatively high compared to similar Bitcoin trading platforms.

However, you should remember that leveraged trading presents a significant amount of additional risk if you are inexperienced. Therefore, we recommend only investing what you can afford while you are a beginner.

What are the spreads?

The spreads on Bitcoin Prime will change depending on which broker you are dealing with. In addition, because the market is quite volatile, you can expect some fluctuation between the buying and selling price of Bitcoin.

Fees, Limits, and Payment Options on Bitcoin Prime

How much does Bitcoin Prime Cost?

Note that there are no other fees attached to Bitcoin Prime besides the minimum deposit requirement and the 2% commission on profits made. For instance, this robot has a free account and there are no sign-up or subscription fees. In addition, you do not need to buy the robot since it is free to download. However, you cannot trade using Bitcoin Prime without making the required deposit. Luckily, the bot has deposit bonuses from time to time, so always be on the lookout for these to maximize your experience.

We understand that some cryptocurrency traders are budget-conscious and might be skeptical of taking the plunge without understanding the robot. Fortunately, Bitcoin Prime has a demo account besides the live version to test the robot and practise how to navigate the cryptocurrency market without spending your hard-earned money.

What are the payment methods accepted by Bitcoin Prime?

Bitcoin Prime offers numerous payment methods to make investments. These include:

• PayPal

• Mastercard

• Visa

• And many others

Does Bitcoin Prime also charge fees and commissions?

As we have previously mentioned, you do not have to pay any fees to open your account. In addition, you also do not have to pay any fees to make a deposit. Therefore, the only time you will ever have to give money to Bitcoin Prime trading is when you pay a commission from your trade profits.

Bitcoin Prime trade sizes and limits

As aforementioned, Bitcoin Prime requires all users to pay a minimum deposit of $250 when creating their account. This is also the minimum amount you can invest to trade Bitcoin. Additionally, Bitcoin Prime does not have a maximum limit on how much you can spend, though we recommend starting small to avoid falling into financial difficulty.

Bitcoin Prime Platform

How does Bitcoin Prime work?

The Bitcoin Prime platform is an easy-to-use auto trading system that allows investors to trade cryptocurrency and potentially earn passive income.

Interestingly, it is one of few auto-trading systems in the market that claims to apply AI to exclusively trading BTC contracts for difference (CFDs).

Utilizing sophisticated technology, Bitcoin Prime’s auto trading robots reportedly analyze the current Bitcoin market to find the best investments for their users. Then, trading robots will invest the funds deposited in your account, making purchases and selling cryptocurrency to potentially garner a profit.

Said to be using complex algorithms, the trading platform reportedly finds the best deals for investors and helps them get a foothold in the market. As you would expect, these trading bots can cover huge amounts of information much faster than manual methods. Furthermore, the system runs independently, which means you do not have to sit on the app for hours at a time to invest your money -- the AI will do it for you.

What devices can I use Bitcoin Prime app on?

You can use the Bitcoin Prime app on many devices, including:

• Smartphones

• Tablets

• Desktop Browsers

The app is surprisingly straightforward and does not cost anything to download. However, you will have to deposit funds before you start making your trades. Luckily, Bitcoin Prime provides a demo account to help you figure out the finer details of the app without risking your money.

Can I use Bitcoin Prime in my country?

Keep in mind that the Bitcoin Prime trading platform is available in countries that legalize cryptocurrency trading. Examples of countries where you can use Bitcoin Prime include the following.

Is the Bitcoin Prime system available in my language?

Bitcoin Prime is available in multiple languages and, therefore, accessible to many people across the globe. Currently, there are over 30 languages available in the dropdown menu at the top of the Bitcoin Prime homepage. These include:

• English

• French

• Spanish

• Italian

How easy is it to use the Bitcoin Prime app?

The Bitcoin Prime app is an easy-to-use auto-trading platform that is straightforward to navigate. When you sign up, you don’t need to know much about the technical side of things because Bitcoin Prime provides a demo bitcoin prime account to help new users find their feet on the trading platform. You also have access to a video tutorial, which will explain everything you need to know.

Bitcoin Prime uses AI technology to find you the best Bitcoin deals, making it both intuitive and passive. You don’t need to do anything to make a potential profit.

That being said, you should be aware that robot trading is riskier than other platforms. If you want to remain in complete control over your investments, you may prefer to go somewhere else.

How much profit can you make using Bitcoin Prime?

It's a no-brainer that Bitcoin Prime is tailored to manage trades. However, traders are advised to always monitor their activities to remain in control. Also, have a budget and do not be money-driven if you want to succeed at trading. Remember losses are inevitable, so plan carefully before beginning your ventures.

Some traders claim that they make thousands of dollars daily trading with Bitcoin Prime. While this can be true, we couldn’t find any information on Bitcoin Prime’s website guaranteeing trades’ success. The amount of profit you will earn depends on your trading strategy and the amount of capital you invest.

If you are a beginner, we advise you to start trading with small amounts to avoid risking losing all your capital in case a trade goes against your strategy. Also, keep in mind that the robot deducts 2% of your profits and you will also report your earnings to the CRA for tax deductions.

Bitcoin Prime Key Features

There are many features on the Bitcoin Prime system that add to the overall experience and help you earn potential profits. These include:

• Payouts: The Bitcoin Prime trading platform has a reliable payout system, which offers transparency from the moment you make the investment until you receive your payment. The system uses software that ensures all calculations are wholly accurate and in line with the current market price. It uses commissions taken from account holders’ profits to fund its system. In addition, it will only take a commission when you make a profit from your trades.

• Easy Withdrawal Process: If you are looking for an auto trading platform with speedy withdrawal processes, this is the one for you. Bitcoin Prime will usually process your withdrawal request within 24 hours.

• Demo Account: If you are unsure how to use the service, Bitcoin Prime has a helpful demo bitcoin prime account that lets you explore the system without using your money. You can use this account until you feel comfortable investing actual funds into the cryptocurrency market.

• News Trading: The trading algorithms featured on Bitcoin Prime also monitor the market news feed to stay ahead of the market. By doing so, the robot identifies news that could significantly affect the prices of cryptocurrencies and executes trades based on its findings. Note that using Bitcoin Prime in managing news-based trades can be beneficial since the robot moves faster than humans, thus allowing you to take advantage of most trading opportunities.

Bitcoin Prime Security and Regulation

Is Bitcoin Prime legit?

Bitcoin Prime is legalized in countries that allow Bitcoin trading. Moreover, information from its website claims that many individuals from diverse countries globally have signed up for an account with the robot. Remember, every country has its own financial market regulations, and the fact that individuals are trading with it is a good sign the robot is legit and accepted globally.

Is Bitcoin Prime safe?

As mentioned above, Bitcoin Prime partners with regulated cryptocurrency brokers, ensuring the safety of your funds at all times. In addition, all account holders have to pass a know-your-customer (KYC) verification process to confirm their address and identity. This helps prevent any fraudulent activity on the platform. The site also uses SSL encryption with the aim of protecting your valuable information.

Are my money and I protected?

Since the Bitcoin Prime system doesn't store trading funds, you must be wondering whether your data is secured with the robot. Well, note that it is highly encrypted and there is no history of it being hacked and traders’ information accessed. Also, your email is safe, and based on reviews on Trustpilot, there are no complaints regarding traders’ emails being hacked.

Is Bitcoin Prime regulated?

Some of the authorities regulating Bitcoin Prime's integrated brokers include Cyprus Securities and Exchange Commission (CySEC), Financial Conduct Authority (FCA), and so on.

Do I have to verify my account with Bitcoin Prime?

Yes, when you sign up with Bitcoin Prime, you are paired with a regulated broker who will then ask you for the relevant KYC documents and information to complete your account. KYC refers to documents that confirm your identity and address, such as photo ID and proof of address. This is an important part of the process as it helps keep the platform free from fraudulent activity.

How Does Bitcoin Prime Work? Trading Strategies and Algorithms

The cryptocurrency market is highly volatile and there is no guarantee of successful trades in this market. However, the use of the robot maximizes traders' potential since the robot is said to feature advanced strategies and algorithms. Let’s analyze below how each trading strategy works to benefit your trades.

Automated Trading Tools

It uses superior technology to automate trades on behalf of cryptocurrency traders. This streamlines your activities and maximizes your profitability. However, ensure you confirm the availability of your preferred asset before signing up for an account.

Arbitrage Trading

Timing is everything when it comes to cryptocurrency trading. Bitcoin Prime is always alert to identify trends with more profitability. With arbitrage trading, the bot helps you manage multiple cryptocurrencies on different platforms at once.

News Trading

News could affect the prices of Bitcoin and other altcoins, and Bitcoin Prime manoeuvres the market to identify news feeds that could significantly affect your trades. This is so that you can make the best moves that favour your investments on time.

Price Trend Analysis

Bitcoin Prime accesses cryptocurrencies’ historical data and analyzes the price trends to predict what the future holds.

Extra Information About Bitcoin Prime

Educational Resources

When you create an account on Bitcoin Prime, you can use a demo version of the platform to help you become accustomed to the service. The site also gives you a video tutorial that will walk you through everything you need to know about CFD trading on Bitcoin Prime.

Tools and Charting

It comes with a simple layout that provides all the relevant charts and metrics you need to understand how much you can buy and sell Bitcoin for, as well as everything you need to know about the way the market is moving.

Customer Support

Bitcoin Prime aims to provide dedicated customer support to all users. As such, you can contact the customer service helpdesk 24/7. This service is efficient, and you never have to wait long to speak to an advisor.

Demo Account

As mentioned earlier, Bitcoin Prime has demo and live trading accounts. The demo bitcoin prime account is specifically tailored to help you understand how the bot works without spending your real money. It is the best platform for newbies to get started since you have nothing to lose but gain. Simply put, Bitcoin Prime’s demo account prepares you for the live markets free of charge.

How to Get Started With Bitcoin Prime

How to sign up with Bitcoin Prime?

Step 1 - Navigate to the Bitcoin Prime website and sign up

If you want to create an account on Bitcoin Prime, you need to complete the registration form on the Bitcoin Prime website. Use the Bitcoin Prime login page to sign in where you will be paired with a broker who will ask for your identity verification.

Step 2 - Verify your account

Once you have completed the account registration process, you will be required to verify your trading account to have it fully activated. With Bitcoin Prime, you will go through the KYC process that involves submitting your ID card for identity verification and a utility bill or bank statement to confirm your location. Keep in mind that without completing the KYC procedure, it will be challenging for you to trade on Bitcoin Prime.

Step 3 - Make a deposit

Once you have created your account, Bitcoin Prime will prompt you to make a deposit of $250 to start live trading. This is the minimum amount needed to make a trade on Bitcoin Prime. But, of course, you can always invest more money when you feel ready to do so later on.

Step 4 - Start with a demo account

Once your deposit has been confirmed, do not rush to trade in the live markets. Instead, test your skills out and try to understand the robot better on its demo account. Ensure you are fully prepared before diving into the real market.

Step 5 - Start trading

To start trading, ensure you customize the robot to suit your trading needs. Additionally, adjust your strategy and let the robot handle the trades. You can also include risk management controls, including stop-loss and take-profit orders to stay in control of your trades.

Keep in mind that once you have created a trading account with Bitcoin Prime, you will access it via its affiliated broker. This means that you must sign in to your brokerage account to access Bitcoin Prime.

How to delete a Bitcoin Prime account?

There are only two ways to delete your Bitcoin Prime account. First, you can do so on Bitcoin Prime’s platform where you will access the bot’s menu and close the trading account. Alternatively, simply close down your trading account on your broker’s platform. Doing so means you will lose all your data on the platform. However, it is important that you contact Bitcoin Prime’s customer care to notify them of your intentions.

How to buy and trade cryptocurrencies with Bitcoin Prime?

Buying and trading cryptocurrencies with Bitcoin Prime is easy. Below, we take you through the steps to get you started using Bitcoin as an example.

1. Download and install Bitcoin Prime on a broker’s platform of your choice.

2. Create a trading account by providing your personal details, including name, email, phone number, etc.

3. Deposit $250 per the bot’s requirements.

4. Select Bitcoin and identify the best entry point.

5. Customize Bitcoin Prime to suit your needs and let it open and manage trades. Do not forget to apply risk management controls to minimize risks.

How to withdraw money from Bitcoin Prime?

Bitcoin Prime doesn't store trading funds, and all withdrawals should be made from brokers it is connected with. Here is how to make withdrawals from your broker’s platform.

1. Access your broker’s platform and log in to your account.

2. Click withdraw funds and choose the payment method you want to use.

3. Enter your preferred amount to withdraw

4. Click confirm and wait for the money to be transferred within 24 hours.

Bitcoin Prime Celebrity/Company Endorsements

There are a lot of speculations online regarding Bitcoin Prime being endorsed by top celebrities and companies. We did our due diligence regarding these claims, and below are our findings.

Is Elon Musk related to Bitcoin Prime?

No. Elon Musk is Tesla and SpaceX’s CEO, and his opinions on the cryptocurrency market are highly valued by trades. Although there are rumours stating that he is involved with Bitcoin Prime, we couldn't find any concrete information backing these claims.

Is Jeff Bezos or Amazon related to Bitcoin Prime?

No. Jeffrey Preston Bezos is a popular American media and business mogul. He founded Amazon and is currently its executive chairman. Based on our research, Bezos hasn't endorsed Bitcoin Prime nor is he connected with the robot whatsoever.

Is Tesla related to Bitcoin Prime?

No. Tesla owns some Bitcoin, but this doesn't mean it has any relation to Bitcoin Prime. The company hasn't stated the platform it uses for trading, and we couldn't conclude it is related to Bitcoin Prime without concrete proof.

Has Idris Elba endorsed Bitcoin Prime?

No. Idris Elba is a prominent actor, and although many people claim that he endorsed Bitcoin Prime, we haven't been able to prove these claims, making them all untrue.

Is Connor McGregor related to Bitcoin Prime?

No. Connor McGregor is a famous UFC fighter who is also believed to endorse Bitcoin Prime. These claims are false, and our findings state that he has no connection to Bitcoin or other altcoins trading whatsoever.

Bitcoin Prime in the news

There are discussions going around regarding Bitcoin Prime being covered on media platforms. Here is what we found out regarding these rumours.

1. The Mirror: There are claims that The Mirror has featured Bitcoin Prime in its news coverage several times. However, that is not the case, and The Mirror has not endorsed any Bitcoin trading platform.

2. CNN: CNN, a well-known media platform, is also said to be connected with Bitcoin Prime. These claims are all false, and those spreading these rumours are simply misdirecting the readers.

Other Bitcoin Prime Reviews and User Testimonials

If you still have doubts regarding the credibility of Bitcoin Prime, here is what we found out regarding user reviews and testimonials on Reddit and Trustpilot.

What are the top BTC Prime reviews on forums and Reddit?

Many users on Reddit believe that Bitcoin Prime is an excellent addition to the cryptocurrency space. Not only does it have a user-friendly platform, but it is affordable and customizable for any trader. Moreover, the robot is faster than humans, thus allowing you to take advantage of trading opportunities as they arise.

What are the top Bitcoin Prime reviews on Trustpilot?

Like Reddit, Trustpilot is a social platform where users leave their reviews regarding their experiences with various businesses. Based on our findings, most users on Trustpilot highly recommend the robot because of its reliability and efficiency in managing trades. However, they also state that it is important to manage your activities for maximum potential.

What to Consider When Starting With Bitcoin Prime

Here are some things to consider when using Bitcoin Prime.

• Take the advice of your CySEC-licensed broker

• Start with the minimum deposit

• Withdraw your profits early

• Check your account daily

• Only invest what you can afford

Is There a Bitcoin Prime Alternative?

Yes, there are many more crypto robots available. If you don't want to use Bitcoin Prime, check out some of our other reviews:

Bitcoin Prime Review: Final Thoughts

Now that you've read our Bitcoin Prime robot review, you can hopefully see that Bitcoin Prime is legit, particularly when compared to some of the more notable scam cryptocurrency sites. The registration process is quick, and all information regarding your funds is transparent. We are also fans of the speedy withdrawal process. In addition, the Bitcoin Prime app is easy to use.

If you are looking for a crypto robot that does not complicate the cryptocurrency trading process, Bitcoin Prime is a worthwhile place to start. That being said, you should be aware that cryptocurrency auto trading is definitely riskier than using other trading platforms, which is partly due to the high leverage offer.

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