A Comprehensive Review of Bitcoin Champion – Is It Legit?
A Comprehensive Review of Bitcoin Champion – Is It Legit?
Cryptocurrency trading robots are more popular than ever, none more so than Bitcoin Champion. According to its official website, users can make several hundreds of dollars every day from trades. This extraordinary claim has prompted us to do our own review.
We tested the auto trading app, Bitcoin Champion and documented all our findings in this review along with all the relevant facts.
What is Bitcoin Champion?
Bitcoin Champion is an automated cryptocurrency trading platform created to improve the performance and returns of traders in the market. The robot helps traders to make smart decisions using a set of algorithms. With Bitcoin Champion, you can make profits by determining the right time to buy or sell a coin.
The system operates through an artificial intelligence and machine learning program that predicts the direction of the market. Transactions can be performed automatically or manually. Although there is limited information about the platform’s founders, it appears to have been created by a group of professional traders and programmers.
According to the reviews on the website, the trading platform has an accuracy rate of over 95%, which enables it to make smart trading decisions. The robot claims to operate a split second faster than the live market, thus helping traders to stay ahead of the market. Thanks to its user-friendly program, you do not need to be an expert to use Bitcoin Champion. It is still worthwhile noting that there are no guarantees when it comes to cryptocurrency trading because of the extreme volatility.
The software also supports fiat currencies like the U.S. Dollar (USD), Euro (EUR), and Pound (GBP). The platform also allows users to invest in various schemes with the help of online brokers.
What leverage trading options are there?
Bitcoin Champion has partner brokers that provide leveraged trading by using CFDs for trades. Although not particularly stated on their website, our Bitcoin Champion review shows that the software could provide up to 1000:1 leverage to its users, which is the average range for most of the other cryptocurrency trading robots.
Please note that leveraged trading carries increased risks and even the smallest of price changes could lead to massive losses. Only those who understand the full implications of leveraged trading should do it.
What are the spreads?
The website does not state the spreads associated with Bitcoin Champion although it is clear that the spreads are competitive and could lead to profits under various market conditions.
Fees, Limits, and Payment Options on Bitcoin Champion
How much does Bitcoin Champion cost?
Bitcoin Champion is free to use. You do not need to pay any fee for registration or deposits when using the platform.
What are the payment methods accepted by Bitcoin Champion?
The available payment methods for making deposits on your Bitcoin Champion account include:
Does Bitcoin Champion also charge fees and commissions?
Bitcoin Champion claims not to charge any fees for using its services. However, we noticed that the platform takes a 2% commission on revenues generated by the robot. However, while Bitcoin Champion claims not to charge fees on losing trades, we discovered that you will still be required to pay a fee in exchange for the broker’s services.
Bitcoin Champion trade sizes and limits
The auto trading robot does not have any specified limits for trades as these limits are likely to be imposed by the affiliate broker rather than the robot itself. The only limits are in terms of deposits where you need to pay at least $250 to start live trading. Trade sizes also depend on the extent of leverage offered by partner brokers.
Bitcoin Champion’s Platform
How does Bitcoin Champion work?
From our review, we discovered that Bitcoin Champion demonstrates its competence in several ways. The robot carries out precision trading based on sophisticated algorithms with a high level of accuracy. However, claims of a 90% trading success rate are likely an exaggeration.
Bitcoin Champion partners with reputed and ECN-regulated brokers through an API. The robot then uses its technology to determine optimum points of entry and exit for trades before sending these signals to the brokers through an API. Once received, the broker immediately executes the trade orders. The process could be automated or manual.
What devices can I use Bitcoin Champion on?
Bitcoin Champion is available on most devices. Although it does not have any native or downloadable mobile app, you can access their website from almost any browser using the following devices:
Smartphones (Android and iPhone)
Desktops and laptops
Worth noting that you will need a reliable internet connection for a seamless trading experience.
What exchanges and brokers does Bitcoin Champion partner with?
Bitcoin Champion brokers are affiliated with a variety of financial institutions around the world. The platform’s brokers are in charge of the traders’ investments and returns. As a trader, you will be able to contact Bitcoin Champion support to discuss the trading opportunities available from its partnership with regulated online brokers. Some of the platforms partnered with Bitcoin Champion include Lucrum.Pro and UFX.
Can I use Bitcoin Champion in my country?
The Bitcoin Champion platform is available to users in more than 100 countries. You can make profits on your investment from virtually anywhere in the world, as long as Bitcoin Champion is legal in your jurisdiction. Popular countries where Bitcoin Champion is used include the United Kingdom, Australia, New Zealand, Canada, United States.
Is Bitcoin Champion available in my language?
Several languages are available on the Bitcoin Champion website. At the top left corner, you will find a drop-down menu with language options such as English, Spanish, Dutch, and Italian.
How easy is it to use Bitcoin Champion?
This trading platform is designed for traders at all levels. It offers an intuitive user-friendly interface that works in both automatic and manual modes, so you can customize your trades to your preferred settings.
Bitcoin Champion is simple to use, and you can make profitable trades even as a first-timer. Testimonials show that even beginners with little or no expertise had no issues navigating the platform.
Bitcoin Champion has certain key features that distinguish it from other platforms. Some of which include:
Online regulated brokers
Bitcoin Champion brokers are affiliated with a variety of financial institutions around the world. These brokers are reputable and ECN-regulated brokers.
Excellent trading algorithm
Bitcoin Champion is based on a complicated algorithm that uses cutting-edge technology and artificial intelligence to gather market data. The trading robots have a feature called timely jump, which allows them to stay ahead of the game during live training. The bot can also open and complete trades at breakneck speed, ensuring that traders get the most out of their investments.
Easy registration and verification
The registration and verification process for Bitcoin Champion is simple. A trader must complete the sign-up form located on the website’s homepage. You must provide basic information such as your name, phone number, email address. You will then receive a verification link to your specified email address, and you will be able to access the trading dashboard.
From our Bitcoin Champion review, it is safe to say that the platform is legitimate when it comes to its system of operation. Still, it is crucial to use caution when trading because the cryptocurrency market is highly volatile. Based on the information acquired on its website and through research, Bitcoin Champion’s algorithm is one of the best in the market for tracking cryptocurrency trends and pricing.
Although the online evaluations for Bitcoin Champion have not been verified and the profit margins appear to be overstated, this platform appears to function as it should. The software can carry out automated trades and investments in the market’s different cryptocurrencies.
Is Bitcoin Champion safe?
Bitcoin Champion adheres to the rules and guidelines of GDPR. Therefore, it does not require any piece of information that is not necessary. It also features a top-class security system that safeguards its users’ personal and financial data.
Are my money and I protected?
The robot doesn’t store your money for you. It only helps you make accurate decisions on your trades and charges small commissions on profits made. All trades are placed in partnership with reputable brokers and exchanges. As long as you use a reliable brokerage and have successful trades, your data and money are protected. However, it is advisable to not risk more than 10% for each trade to avoid huge losses.
Is Bitcoin Champion regulated?
Bitcoin Champion brokers are linked to a variety of financial institutions around the world. As a system, the robot works with regulated brokers and complies with all the necessary protocols involved.
Do I have to verify my account with Bitcoin Champion?
Yes. Bitcoin Champion protects users’ data by ensuring that all accounts are verified. This makes it safe for trading. Unlike other platforms, you do not need to provide any sensitive or private financial details for your account. After verification, which complies with KYC, you will see five options:
Make Picks (this also need registration)
The first four options above require users to comply with KYC. The “settings” option allows you to customize certain settings such as your time zone and the amount of data storage preferred for viewing charts and related items daily.
You will discover educational resources and tools on brokers or exchanges that Bitcoin Champion partners with. We recommend that you use these resources to hone your skills and get insights into your trades.
Tools and charting
The software also includes several trading tools such as charts that show historical prices for the instruments that make it easier for users to trade. This is valuable for both new and experienced traders who are just getting started on the site.
Bitcoin Champion has robust customer service. They are easily contactable through phone calls, email, and live chat. You can also reach out to their agents via popular social media platforms. Alternatively, you can reach out to your dedicated account manager whose job is to help new customers like yourself to acclimatise to the system.
How to Get Started with Bitcoin Champion
Getting started with Bitcoin Champion is not difficult. All you need to do is follow the steps below:
Step 1. Registration: Create your Bitcoin Champion account by completing the registration form, which you will find on the homepage of the website. The form requires you to fill in simple details such as your name, email, and phone number. After creating your account, you will be assigned a dedicated account manager to walk you through the account setup.
Step 2. Demo-trading feature (optional but recommended): The demo trading feature on Bitcoin Champion is very useful as it is an exact replica of the live trading platform. You get to test different trading strategies while getting familiar with the platform using the demo mode.
Step 3. Deposit: Like many other trading robots, Bitcoin Champion only accepts a minimum deposit of $250. We often advise newcomers to start small in trading. This step has to be completed before you can activate the live trade. Users can make deposits using MasterCard, Visa, Maestro, credit cards, and third-party payment providers. You must confirm your account and identity before trading can begin.
Step 4. Live trading: After making a deposit and verifying your account, you can start live trading. We advise Bitcoin Champion users to set trading limits to safeguard their capital and minimise potential losses. If you are still not quite sure how to go about live trading, an account manager can help you to configure your settings.
Final Thoughts on Bitcoin Champion
From our Bitcoin Champion review, we can conclude that the automated trading platform is designed for both skilled and unskilled traders – the robot is suitable for traders of all levels and experiences. Bitcoin Champion appears to have a good reputation among users and authors based on favourable reviews.
From all indications, Bitcoin Champion seems to be a legitimate and safe platform for trading cryptocurrency assets. It could potentially be an easy avenue for traders to earn passive income despite a busy schedule or day job. However, we maintain that the success rate of daily trades appears to be exaggerated.
Remember that trading cryptocurrency is highly risky and trading robots do not eliminate this risk. Thus, it should always be done with caution or as an addition to a more comprehensive trading strategy.