A comprehensive review of Bitcoin Digital – Is it Legit?

Introduction

Bitcoin Digital is a user-friendly cryptocurrency trading application developed to trade in accordance with market trends. According to the company, since both experts and beginners might find the crypto market difficult to navigate, Bitcoin Digital has been created to solve the pertinent issues relating to trading difficulties. More so, its users have claimed to have earned thousands of dollars. 

We have analyzed the legitimacy of the robot’s features, performance, and other parameters to judge its success as a whole. Therefore, you will discover whether Bitcoin Digital is truly legitimate or not. We have addressed the main talking points regarding the platform’s security, fees, assets, and markets.

What is Bitcoin Digital?

The Bitcoin Digital robot allows users to trade cryptocurrency assets in the market automatically. The bot was created in 2017 according to the Bitcoin Digital website, although there is no documentation to verify the initial stages of its development. Hence, its developers are unknown.

The website claims to be able to generate thousands of dollars in profit on a daily basis – a near-impossible feat considering the volatility of the crypto market. The online platform facilitates automated trading of cryptocurrencies using Artificial Intelligence (AI) and Machine Learning (ML) technologies to scan markets. It then finds trading signals by analyzing data patterns, historic charts, and market emotions. 

Once it finds a trading opportunity, it sends signals to its brokers to carry out a trade order. The software works speedily and can carry out multiple trades simultaneously. The platform also has manual trading options for the more experienced traders who can adjust the risks and leverage parameters.

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Pros and cons of using Bitcoin Digital

Pros

  • Demo trading option is available
  • Multiple payment modes
  • Regulated brokers involved 
  • Advanced technology used to place trades
  • Fast and easy registration process

Cons

  • Unverified testimonials with seemingly false profit claims
  • Lacks uniqueness as a platform
  • No information on founders

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Bitcoin Digital markets, assets, and options

What assets and products can you trade using Bitcoin Digital?

Bitcoin Digital supports the trading of major cryptocurrencies such as:

Users can convert any of their assets to these coins and use them for daily trades. It also supports a number of fiat currencies.

What leverage trading options are there?

Yes. Bitcoin Digital has partner brokers that provide leveraged trading by carrying out trades using CFDs. Thus, users can trade on market price fluctuations without possessing any coins. The platform boasts a 4000:1 leverage to its users, which means that you can trade with up to 4,000 times your initial investment amount.

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?

Not much information is given about the spreads with Bitcoin Digital, although its users say they enjoy competitive spreads and higher-than-average profits. 

Fees, limits, and payment options on Bitcoin Digital

How much does Bitcoin Digital cost?

The site is free to use, which means that there are no registration or transaction fees. Rather than charging its users, Bitcoin Digital makes money from its partnership with its brokers and business partners in a variety of ways.

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What are the payment methods accepted by Bitcoin Digital?

Bitcoin Digital offers multiple payment methods such as:

  • Bitcoin
  • Visa
  • MasterCard
  • Wire transfer
  • Neteller
  • Skrill
  • WebMoney
  • PayPal

You can make deposits of at least $250, using your preferred option to start trading. You can also withdraw to your preferred currency but bear in mind that withdrawals might take more than a day sometimes.

Does Bitcoin Digital also charge fees and commissions?

Bitcoin Digital is 100% free to use. There are no hidden registration, usage, download, deposit, or withdrawal fees associated with the platform.

Bitcoin Digital trade sizes and limits

Traders can leverage trades up to as high as 4000: The crypto bot does not place any limits on withdrawals in terms of time or duration. Therefore, you can withdraw any amount at any time. However, withdrawals might take up to 24-48 hours to appear in your account.

Bitcoin Digital’s platform

How does Bitcoin Digital work?

Like most other Bitcoin robots, the platform patterns with regulated brokers who support CFD trades to execute digital currency trades. After calculating signals using advanced technology, it then uses API to transmit the data to its partner brokers who then execute the trade upon the command given by the robot. 

However, it is highly unlikely that traders can make thousands of dollars on trade every day as the website claims to have a 98% success rate on trades. The robot stipulates the best entry and exit points for trading a particular asset. This technology could be employed manually or automatically. 

What devices can I use Bitcoin Digital on?

The Bitcoin Digital robot does not have any native mobile app that can be downloaded. However, you can access the website from any of the following devices:

  • Smartphones (Android and iPhone)
  • Tablet
  • Desktop

Because you can access the platform using any web browser, there is no need to install an app. For a smooth experience, you’ll need a strong internet connection and a working device.

What exchanges and brokers does Bitcoin Digital partner with?

When it comes to partnership with exchanges and brokers, the website states that “Unless otherwise noted, our broker listings and comparisons may not include or compare all relevant brokers, exchanges, or investments, and are sorted by default based on our business relationships. We may list products or brokers from which we do not profit, and you will be able to tell since they will be listed without a “button” or in a different color.” This suggests that there is not much revealed about its brokers although we expect them to be reputable.

Can I use Bitcoin Digital in my country?

Bitcoin Digital states on its website that not all of the brokers and exchanges that it works with might be regulated in a trader’s country or state of residence. Therefore, it is of utmost importance to carry out your own research for your area. 

Still, you will discover that most of the brokers listed on the Bitcoin Digital platform are regulated brokers, licensed by the financial entity of the country where they are registered. Popular countries where the website is used include the United Kingdom, Australia, New Zealand, Canada, the United States, and several European and Asian countries.

Is Bitcoin Digital available in my language?

The website can be translated into languages such as English, German, French, Portuguese, and Spanish. Due to its wide language coverage, there are hardly any language barriers for anyone using Bitcoin Digital. 

How easy is it to use Bitcoin Digital?

This trading platform is designed to suit the changing trade needs of both rookie and experienced traders, and as a result, it offers a user-friendly interface. The platform works in both autopilot and manual modes, allowing you to choose between using the default settings and customizing your own preferences.

Bitcoin Digital is simple to use, and you may earn from successful transactions even if you have no prior trading experience. However, make sure that your risk management is set to a level that you are comfortable with, as high leverage trading should only be attempted by experienced traders.

Key features

Dedicated Customer support

Bitcoin Digital has a committed 24-hour customer support system, which provides round-the-clock assistance to those in need.

Payouts

Customers can request a payout by completing the withdrawal form that pops up on the left side of the trading dashboard. One exciting thing about Bitcoin Digital’s withdrawals is that there are no daily, weekly, monthly, or yearly limits to how much you can withdraw. 

Quick verification

The verification and KYC processes with Bitcoin Digital are relatively fast compared to other bots. Accounts get verified for transactions within a few hours. Traders might need to upload their most recent utility bill showing their residential address and a government-issued photo ID. 

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Security and regulation

Is Bitcoin Digital legit?

Bitcoin Digital offers legitimate trading services though some of its profit claims seem unrealistic. It is true that the software gives insights to trades through its predictions and market analysis but the rates of ROI seem difficult to prove.

We also confirmed that the website has testimonials that are similar to those found on other trading robot platforms. We can only recommend that you use Bitcoin Digital as a part of your trading strategies rather than as a sole tool to carry out your trades. As usual, always do your own research before using its services.

Is Bitcoin Digital safe?

Making trades using Bitcoin Digital as an instrument does not come without its risks. There is a high risk of losing money from trades especially those with high leverage. Users are advised to understand the dynamics of cryptocurrency trading before using any robot trade. When compared to other platforms, the Bitcoin Digital trading app guarantees you a high level of security and safety on your trades, while also protecting your personal and financial data. 

Are my money and I protected?

Trading cryptocurrency is highly speculative and potential traders should also know that the software’s past performance does not necessarily predict future results. Only trade with the money that you can afford to lose. The Bitcoin Digital platform does not protect your money since it does not have any of your money, to begin with. The robot only makes trade decisions for you. However, the brokers where your money lies, protect users’ data.

Is Bitcoin Digital regulated?

Bitcoin Digital provides the highest level of security to its traders, thanks to the various security regulations put in place. The company complies with the stringent General Data Protection Regulation (GDPR) of the European Union, where it maintains strict confidentiality with traders’ data.

Do I have to verify my account with Bitcoin Digital?

Verification of details remains an integral part of your experience with Bitcoin Digital. After account creation, traders need to provide their banking details and complete the Know Your Customer (KYC) protocol before initiating a withdrawal. You will be asked to upload a government-issued photo ID and your most recent utility bill. This process is usually quick but could take up to 48 hours.

Extra information

Educational resources 

There are educational resources on Bitcoin Digital brokers’ websites. Traders can access the free analysis tools to understand trades better.

Tools and charting

An API connects Bitcoin Digital to the broker’s trading account. From the connection, it regularly sends trading signals to the broker who then carries out the trades orders accordingly. Traders can open long and short positions with the investment and trading tools found on the brokers’ platforms.

Customer support

You can contact Bitcoin Digital’s customer care staff before signing up by filling out a contact form on the platform’s official website, which is available from anywhere. After you’ve been validated as a member of the site, you can contact customer care via email or live chat.

How to get started with Bitcoin Digital

You can register on Bitcoin Digital with the following steps:

Registration: You will be asked to fill in your personal details such as first and last names, email, and phone number on a pop-up form. You will also need a valid national ID and some of your bank details for verification. Upon completing this form you will be taken to a regulated broker.

Deposit: After completing your registration, you can make an initial deposit of at least, $250 using your credit card, Bitcoin, or third-party payment providers such as Skrill, Neteller, and Webmoney.

Try out Demo trading: The auto trading platform allows new users to open an account in the demo mode. This helps them to get familiar with the platform before going on to live trade. The demo account simulates real market conditions.

Live trading: You can access Bitcoin Digital’s live trading feature by selecting the trading button on the main screen. Make sure that you determine the level of risk that you can manage on each trade. A good piece of advice is to avoid putting more than 10% of your capital on a single trade.

Final Thoughts on Bitcoin Digital

The Bitcoin Digital platform looks suitable for both skilled and unskilled traders. However, the reviews on the site seem rather unrealistic with profits that even the most experienced traders would feel lucky to get – this could lead to suspicions. Also, all the statements related to celebrity endorsements of Bitcoin Digital are unfounded.

Overall, the platform is user-friendly and requires little knowledge before getting started. Again, remember that cryptocurrency trading is risky and should be carried out with caution. Also, the robot should not be relied on completely. Only invest money you can afford to lose.