A comprehensive review of Bitcoin Lifestyle – Is it Legit?
A comprehensive review of Bitcoin Lifestyle – Is it Legit?
Bitcoin Lifestyle is a popular trading robot that boasts of being able to help people make money from cryptocurrency trades. The beginner-friendly platform aims to make users money from their participation in the cryptocurrency market. This review shows the hottest talking points about Bitcoin Lifestyle’s legitimacy, markets, assets, security, and other aspects of the platform.
What is Bitcoin Lifestyle?
Bitcoin Lifestyle is a robot that uses artificial intelligence and machine learning to pool trading insights from the market data in the cryptocurrency space. Thus, it helps people to make money off Bitcoin’s price speculations.
Many people consider the Bitcoin Lifestyle robot a good investment since it seems to help people to make money regardless of the market’s direction. Bitcoin Lifestyle’s performance depends on the market’s volatility and the platform leverages such opening thanks to its fast pace.
Bitcoin Lifestyle claims to use techniques invented by some of the most renowned trading minds. Apart from the initial set-up, the robot does every other thing for the trader. Most Bitcoin Lifestyle users claim to have stumbled on the robot accidentally also stating that the bot has exceeded their expectations. Bitcoin Lifestyle is a high-risk – high-return robot as we will find out in the course of this review.
It supports Dollar and Euro as its fiat currencies. The robot is supported in the United Kingdom, US, Australia, and a few Asian Countries.
What leverage trading options are there?
Bitcoin Lifestyle has very high leverage, which increases the possibility of huge profits but also losses, making it a high risk – high return robot compared to other services in the industry. Their brokers offer leverage as high as 1:1000 for crypto trading.
N.B: Remember that leveraged trading carries huge risks and should be done by only experts
What are the spreads?
Not much information was given about the spreads with Bitcoin Lifestyle. However, the platform boasts of competitive spreads and promising returns compared to the industry average. With claims that the robot is 0.01 seconds ahead of the live market prices, users should get the tightest and most shallow spreads and consequently, higher profits. However, these claims are not proven.
Fees, limits, and payment options on Bitcoin Lifestyle
How much does Bitcoin Lifestyle cost?
Unlike some other robots, Bitcoin Lifestyle has no subscription fee or any other type of pricing. This means that you can always get a copy for free. The only clause is that you would need to deposit a minimum of 250 USD in your account to start trading. Rest assured, this money would still be available to you for trading, so you are not losing anything.
What are the payment methods accepted by Bitcoin Lifestyle?
Bitcoin Lifestyle offers multiple payment methods such as:
An interesting thing about the website is that it does not charge any transaction or deposit fees from the different methods of payment. However, the platform makes money by charging a small commission on profits made from trades.
Does Bitcoin Lifestyle also charge fees and commissions?
While the platform claims to charge “small fees” on profits made from trading, the website does not explicitly state the percentage of the fee or commission.
Bitcoin Lifestyle trade sizes and limits
Due to its high leverage of 1:1000, Bitcoin Lifestyle offers a wide range of trade sizes and limits compared to the industry average. However, trading limits are also dependent on the exchange it partners with. For instance, with eToro, the minimum trading amount is $25.
Bitcoin Lifestyle’s platform
How does Bitcoin Lifestyle work?
Bitcoin Lifestyle claims to function based on a computer algorithm built on some of the best cryptocurrency trading strategies in the world. Thus, it employs automated profitable trading techniques. It uses technological solutions like AI and natural language processing to access charts, news, and gain deeper insights from multiple sources.
The robot works in collaboration with highly reputable brokers. These brokers are in control of receiving deposits and facilitating transactions and which reflects somewhat positively on the platform as a whole.
What devices can I use Bitcoin Lifestyle on?
You can use Bitcoin Lifestyle on your desktop and mobile phones. The service has a website and can be used on:
Mobile phones – android and iPhone
You can get access to the platform via any web browser as long as you have a robust internet connection and a smartphone. There is no native app. Core features of the platform include:
Trade feature: The profitability is determined by many factors such as the amount of capital, the risk taken and the trading session.
Verification system: Users must have a valid ID and enter their personal details before placing trades. This prevents unauthorized transactions.
Withdrawal process: You can withdraw from the platform easily by linking it to your local bank accounts.
Trading dashboard: Traders must have a registered Bitcoin Lifestyle account. The risk settings are adjustable but better left at default. There is also a demo account to acquaint users with the platform. You can contact their customer support via email, live chat.
What exchanges and brokers does Bitcoin Lifestyle partner with?
The robot uses affiliated exchanges and brokers to place trades on its users’ behalf. These brokers are responsible for accepting deposits and handling all transactions. Examples of such Brokers include eToro, Coinbase, and Binance.
Can I use Bitcoin Lifestyle in my country?
The robot is widely available worldwide and can be used across several countries such as the United States, Canada, Australia, and the UK.
Is Bitcoin Lifestyle available in my language?
The website has a wide language coverage. Although its default setting is in the English Language, you can translate the website to your preferred language.
How easy is it to use Bitcoin Lifestyle?
The platform is intuitive and user-friendly. The robot runs on autopilot. You only need to set the risk management and click live trading and the robot gives a comprehensive guide on how to set the parameters. Moreover, you do not need to have advanced knowledge of technical analysis since the robot is configured to do all the trading for you. However, high leverage trading should only be done by experienced traders. High leverage can lead to high losses very quickly.
Traders particularly choose a robot because of some of its key features. With Bitcoin Lifestyle, the notable key features include:
As luck would have it, you do not need to be an advanced computer programmer or a seasoned trader to enjoy the benefits of Bitcoin Lifestyle. The software is intuitive and can be used by anyone easily regardless of their status.
You will find a foolproof password policy on the platform because more than 90% of data breaches occur as a result of weak passwords. Also, the robot complies with the General Data Protection Regulation (GDPR) of the United Kingdom and other internet security protocols to keep users’ data safe and confidential.
Speed is of utmost importance in the cryptocurrency market because not entering trades quickly enough could lead to losses. Bitcoin Lifestyle claims to be 0.01 seconds ahead of the market, which confers a significant advantage to users. Although, this detail cannot be verified.
Judging by the platform’s features, it seems to be a legitimate service. However, we still advise users to proceed with caution as not all claims can be verified and high leverage can lead to quick losses.
Is Bitcoin Lifestyle safe?
The platform is highly encrypted with security features. It also has a clearly defined data protection policy and appropriate encryption technology, making it safe to use.
Are I and my money protected?
The robot doesn’t store your money for you. It only helps you to 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. It is advisable to not risk more than 10% for each trade to avoid huge losses.
Is Bitcoin Lifestyle regulated?
Yes. Regulations for its use are enforced in countries. For instance, the General Data Protection Regulation (GDPR) of the United Kingdom and other internet security protocols keep users’ data safe and confidential.
Do I have to verify my account with Bitcoin Lifestyle?
Yes. Bitcoin Lifestyle users must provide complete personal details such as their full name, email address, and phone number to register, after which they would be asked to verify their email address and phone number through confirmation links. Rest assured, the verification is quick and is done to protect users’ personal information.
You will find educational resources on the broker or exchange that Bitcoin Lifestyle is linked to. A good example is Binance. It provides free trade analysis tools to help users make better decisions on their trades.
Tools and charting
An API connects the Bitcoin Lifestyle to the broker’s trading account, and constantly sends trading signals to the broker who then carries out the trades accordingly. With the investment and trading tools that the robot offers, traders can open long and short positions. You can also input manual trading conditions for the robot to follow.
Even before you register, you can contact Bitcoin Lifestyle’s customer support through their website. Afterward, you will have access to 24/7 customer service with the option of email and on-call service support. Bitcoin Lifestyle has built a reputation of providing reliable support to its customers over the years according to online claims.
How to get started with Bitcoin Lifestyle
You can set up your Bitcoin Lifestyle account as highlighted in the four easy steps below:
Step 1. Register your account: To register your account, go to the main profile page. Complete the type form you will find there. To complete your registration as a trader, you must enter and verify your full name, email address, and phone number. You would be asked to verify these details via SMS and email. Rest assured, the platform protects users’ data.
Step 2. Make a deposit: As stated earlier, you would need to deposit $250 to start trading with the robot. Deposit options include Visa and MasterCard, wire transfer, Skrill, PayPal, WebMoney and bitcoin. There are no deposit fees.
Step 3: Practice with the demo account: Get familiar with the interface using the demo account and configure your preferred risk management features. You can also try out new trading strategies with the demo feature whether you are an experienced trader or a novice.
Step 4: Live trading: Click the live trading button to start trading. Here, you would need to specify the amount of capital and risk you are willing to take on every trade.
Final Thoughts on Bitcoin Lifestyle
The Bitcoin Lifestyle looks to be an easy-to-use robot that both skilled and unskilled traders can utilize. The platform uses top-level security protocols and legitimate brokers so it’s safe as far as those factors go.
However, not all claims made by the website can be verified and some online reviews seem too good to be true. As such, if you are looking for a trading robot, you should proceed with caution and only use money you can afford to lose. High leverage is a risky endeavour and you can lose money very quickly if the market goes against you.