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Bit Index AI Review 2024

Ryan Matthews
September 19th, 2023
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What is Bit Index AI?

Bit Index AI is reportedly an AI-powered cryptocurrency trading robot designed to help traders find the best entry and exit points in the markets. With robots, traders can access the liquidity in the market while leveraging the power of artificial intelligence for analysis.

Bit Index AI is very new to the cryptocurrency market, but its impact is greatly felt across the cryptocurrency and Foreign Exchange (FOREX) markets. It claims the ability to conveniently execute cryptocurrency and FOREX trades on your behalf and has partnered with some of the best cryptocurrency brokers in the market to facilitate automated trades.

Bit Index AI Overview

🤖 Robot Type:Bitcoin Robot
💸 Minimum Deposit:$250
🚀 Claimed Win Rate:85%
💰 Trading Fees:None
💰 Account Fees:None
💰 Deposit/Withdrawal Fees:None
💰 Software cost:Free
⌛ Withdrawal Timeframe:24 Hours
#️⃣ Number of Cryptocurrencies Supported:13
💱 Supported Cryptocurrencies:BTC, LTC, ETH, BCH
💲 Supported Fiats:USD, EUR, AUD, CAD
📊 Leverage:1:100
📱 Native Mobile App:No
🖥️ Free Demo Account:Yes
🎧 Customer Support:Email, Live chat
✅ Verification required:KYC
🔁 Automated Trading:Yes
📈 CFD AvailableYes

Pros and cons of Bit Index AI

Pros
  • Alleged win rate of 85%
  • Advanced AI crypto trading offered
  • Free account manager
Cons
  • Not regulated
  • Not available to US citizens

Who is the Bit Index AI Owner?

There is no public information as to who owns and runs Bit Index AI. We conducted thorough research but there is no evidence that can verify the identity of the owners or development team behind this AI-based trading bot.

Getting Started with Bit Index AI

The robot can be used by any trader familiar with the cryptocurrency market. You do not need to have experience trading crypto or using trading bots to use Bit Index AI since it is user-friendly and easy to set up. Although we will get into details regarding getting started later on, here is a brief overview.

  1. Visit a broker integrated with the bot’s website to create your account.

  2. Once fully activated, sign in and make the required deposit

  3. Activate Bit Index AI and customize it before allowing it to manage your trades.

Bit Index AI markets, assets, and options

What cryptocurrencies and products can you trade using Bit Index AI?

Bit Index AI was developed to help traders in the market in streamlining their activities. It supports many cryptocurrencies, including Bitcoin and popular altcoins. Besides trading, the bot can also be used by investors who purchase crypto assets and take ownership. However, while this robot is tailored to maximize your potential trading and investing in cryptocurrencies, it doesn't guarantee profits. Therefore, if you make losses with Bit Index AI, consider conducting thorough market analysis and changing your strategy.

That being said, here are some major cryptocurrencies you can trade using Bit Index AI.

We usually advise traders to consider bots that support various fiat currencies for a streamlined trading experience. Bit Index AI supports plenty, including USD, EUR, GBP, CAD, AUD, etc.

Fortunately, the bot also allows its users to trade various other instruments like US Shares, commodities, FOREX, and Indices.

What assets and products can you trade using Bit Index AI?

As a trader, you are continually looking for a robot that can automate your trades. Also, you want the robot to have access to your favorite assets. The Bit Index AI trading robot can do both of these things.

The wide selection of trading strategies under Bit Index AI have been programmed to automate the trades of different kinds of assets. Both cryptocurrencies and Foreign Exchange (FOREX) assets can be traded. What's more the bot's AI-powered trading can make for well-informed trades.

What leverage trading options are there with Bit Index AI?

Bit Index AI offers leveraged trading at the ratio of 1:100. This can help maximize any profits you make, but it will also maximize any losses.

It doesn't encourage leveraged trading, especially for new traders. The process is high risk and, with the volatility in the crypto market, you might end up losing a lot of money. Of note also, the past performance of Bit Index AI in that area doesn’t form a basis for the future outcome. Doing due diligence and investing only an amount you can afford to lose is the ideal way to trade.

If you want to know more about leveraged trading, take a look at our guides:

What are the Spreads on Bit Index AI?

No mention was made of spreads on the website. The spreads charged will likely depend on the broker with which you use Bit Index AI, as brokers typically set the spreads.

Fees, limits, and payment options on Bit Index AI

Is Bit Index AI Free?

Setting up Bit Index AI is absolutely free, and you do not need to pay any account registration fees. There are also no subscription or inactivity charges, making it easier for traders and investors to plan their activities. However, you must deposit a minimum amount of $250 to start using the robot.

Also, ensure you confirm brokerage fees from the regulated platforms with which Bit Index AI is integrated. Overall, no credible broker will charge you registration fees, and if you meet one that does, you may want to question their credibility.

Note that the $250 minimum deposit requirement is mandatory for you to access the bot’s demo and live trading accounts. Besides offering free services for automating trades, Bit Index AI also has deposit bonuses to look out for from time to time.

💸 Minimum Deposit:$250
💰 Trading Fees:None
💰 Account Fees:None
💰 Deposit/Withdrawal Fees:None
💰 Software cost:None
💰 Subscription cost:None

What are the payment methods accepted by Bit Index AI?

You have several options to choose from when adding money to your account or the account you have with the affiliated brokers. Over 15 payment methods are enabled, including but not limited to cryptocurrencies and credit cards.

Bit Index AI doesn’t charge a deposit fee, which means that it is completely free to fund your account on the website. However, you will pay up to 5% if you are using credit cards, including MasterCard and VISA. The 5% transfer fee is charged by the affiliated brokers to Bit Index AI and is required both when you are depositing and withdrawing money.

Accepted payment methods include:

  • Credit cards

  • Debit cards

  • Bank transfer

  • PayPal

  • Other e-wallets

  • Cryptocurrency

If you want to use cryptocurrencies as a deposit method, you will need to buy them first. Take a look at our guides to learn more about how to buy cryptocurrencies:

Does Bit Index AI charge fees and commissions?

Bit Index AI is free-to-use software that claims to use some of the best trading algorithms. You don't have to pay to sign up, deposit money, or withdraw your earnings. All the funds in the account are yours and can be used as you want.

Bit Index AI trade sizes and limits

A minimum deposit of $250 is required before you can start using the features of the software. The deposit limit can be increased, provided you sign up with any of the affiliate brokers. Depending on the broker you use, your trade sizes and limits can be increased up to $3,000.

Bit Index AI trading platform

How does It work?

Bit Index AI works by first automating the entire trading process by reportedly using AI trading strategies. Combining a plethora of trading tactics, including Trend, CCI, Williams, Stoch, TSI, and MACD indicators, the software claims to find the best positions for trading activities and passes the information or trading setup to the affiliated brokers via an API.

Bit Index AI specializes in trading both FOREX and cryptocurrency pairs. Thanks to the use of fiber optics technology, the entire process can be set up at once and left to run.

What devices can I use Bit Index AI on?

Currently, there is no Bit Index AI app. Therefore, you have to use a desktop computer or laptop to optimize the trades for automation. The trading platform can be accessed via the website. Web browsers, including Google Chrome and Safari, can access the site with ease.

You can still utilize mobile trading via any of the affiliated brokers. These brokers have dedicated mobile applications that allow you to keep an eye on your trades from anywhere.

The mobile application options offered by Bit Index AI-affiliated brokers are available on iPhone, Android, and/or tablets.

Can I use Bit Index AI in my country?

Bit Index is available in more than 100 countries globally, and it is crucial for you to ensure it accepts registration from your country. Examples of countries where using Bit Index AI is allowed are Germany, Italy, Australia, Sweden, and the list goes on.

CountryIs Bit Index AI Available?
United KingdomNo
CanadaYes
AustraliaYes
USANo
South AfricaYes
New ZealandYes
PhilippinesYes
United Aarab EmiratesYes
SingaporeYes
FranceYes
SpainYes
ItalyYes
GermanyYes
NigeriaYes
MexicoYes

Is Bit Index AI available in my language?

Bit Index AI offers a wide selection of languages. Some of the supported languages are:

  • English

  • Arabic

  • Traditional Chinese

  • French

  • German

  • Indonesian

  • Japanese

  • Portuguese

  • Russian

  • Spanish

  • Thai

  • Vietnamese

How easy is it to use Bit Index AI?

Trading robots are relatively new, and traders expect the robots to be intuitive. This is the case with the Bit Index AI software. The software’s ease of use is bolstered by many factors, including the easy signup and account funding processes, as well as excellent navigation.

Bit Index AI offers users two separate trading accounts - a demo account and a live account. Let’s understand below how each of these trading accounts helps streamline your trading activities.

  • Demo Trading Account: A demo account is a version of the live trading account but is risk-free. You do not need to invest real money with the demo trading account since it is loaded with virtual funds. As a newbie with crypto trading bots, we highly recommend you start exploring the bot using its demo trading account until you are confident in your skills and ready to trade using real money.

  • Live Trading Account: This account challenges your skills using real money, and if you are not armed with solid trading strategies, you will lose your hard-earned money. Bit Index AI’s live account carries risks, and you must be open to tracking your positions for increased potential.

How much profit can you make using Bit Index AI?

The cryptocurrency market is highly volatile, thus making it challenging for us to specify the amount of money you can earn as profits. However, it all depends on the amount of capital you invest, your chosen strategy, and the behavior of the market.

Remember, however, that profits are not guaranteed, and you could just as easily make a loss. Furthermore, when calculating your profits, ensure you factor in tax deductions that must be reported to the IRS/HMRC.

Bit Index AI Key features

Dedicated account managers

The Bit Index AI team claims to look out for your best interests. The dedicated team of account managers ensures that your queries are attended to in real time.

AI trading

Bit Index AI software claims to rely on AI algorithms to help you automate your trading and achieve greater trading success.

Demo Account

Bit Index AI features an excellent demo account that you can take advantage of and test out before going all in with your hard-earned money. It is also the best platform to test your skills and decide whether you are ready for the live market. To use Bit Index AI’s demo account, you must sign up for a trading account with the robot and make the $250 minimum deposit.

Bit Index AI Security and Regulation

Is Bit Index AI Legit?

With many trading robots to choose from, it is challenging for traders to identify a legitimate one that they can trust. Bit Index AI claims to be a credible bot that is integrated with CySEC and FCA-licensed brokers. Additionally, Bit Index AI is allegedly highly encrypted to ensure no hackers get access to your data and email. On top of that, it has hundreds of active members across 100 countries globally.

Is Bit Index AI safe?

Bit Index AI opted for the web-based trading platform with the aim of protecting its users from downloading malicious viruses that could compromise their information. The trading platform also uses SSL encryption in an effort to further protect the data and other sensitive information of its users.

Am I and My Money Protected?

Bit Index AI claims to protect users' trading funds since it partners with world-renowned brokers. Such brokers store your funds in segregated accounts to ensure no one except you has access to them. Moreover, the brokers allow transactions with safe payment methods, including debit/credit cards and bank transfers.

Is Bit Index AI Regulated?

No. Bit Index AI is not regulated, and that is why it collaborates with brokers regulated by top authorities such as CySEC to ensure safe trading. With such brokers, you can enjoy additional features such as research and learning resources for maximum experience.

Do I have to verify my account with Bit Index AI?

There is no information regarding the customer verification process on Bit Index AI. However, you might be required to complete the Know Your Customer (KYC) process on the affiliate brokers and exchanges.

How Does Bit Index AI Work? Trading Strategies And Algorithms

Bit Index AI is highly automated and makes use of cutting-edge technology to track the crypto market and trade on your behalf based on potentially profitable trends. It is 0.01 seconds ahead of the market, making it more efficient than humans. Some of the strategies and algorithms featured on Bit Index AI include;

  • Automated Trading Tools

  • Arbitrage Trading

  • News Trading

  • Price Trend Analysis

Extra Information about Bit Index AI

Educational Resources

There are limited learning resources on Bit Index AI, making it challenging for newbies to improve their skills and become more independent quickly. You will only find a small FAQ section with answers to basic questions traders ask, or you can contact customer support for assistance.

Luckily, traders can still become familiar with the crypto market by taking advantage of learning resources offered by brokers connected with Bit Index AI. Moreover, there are numerous blog posts online, podcasts, and YouTube channels to learn from.

Tools and charting

You don’t need any trading experience before using the Bit Index AI platform. The software automatically connects to and relays the trading signals to the partnered brokers and exchanges.

Also, you can work with trading indicators, including the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI).

Customer support

The support service of Bit Index AI operates 24/7, allowing you to get in touch with them at any time. You will have access to the support service once you create a trading account and have it fully activated. You can get in touch with their team through an online form and various other methods as listed in the table below.

Bit Index AI Customer SupportDetails
Bit Index AI support emailNot available
Bit Index AI support contact numberNot available
Bit Index AI live chat optionNot available
Bit Index AI other support optionsOnline form

Demo Account

As mentioned earlier, Bit Index AI’s demo account is only available to users who already have active trading accounts with the robot and have made the required deposit of at least $250. The bot is user-friendly and customizable just like its live version. It is available for free with no risks involved, allowing you to easily gauge your skills and test them out without having to worry about losing your money.

How to get started with Bit Index AI?

Getting started with Bit Index AI is a pretty straightforward process and can take just a few minutes to complete. To ensure we all are on the same page, here is the procedure involved.

Step 1: Account Registration
Step 2: Complete the KYC Procedure
Step 3: Make a Deposit
Step 4: Start With a Demo Account
Step 5: Adjust Your Strategy
Step 6: Open a Position

How to Delete a Bit Index AI Account?

It is vital to ensure Bit Index AI suits your needs to avoid experiencing challenges once fully invested in the robot. If you find Bit Index AI is not fulfilling your expectations, you can delete your account. First,

  1. Ensure you don't have any open trades with the bot

  2. Visit the bot’s menu section

  3. Go to your account settings

  4. Click Delete Account button

  5. Confirm the deletion

Alternatively, you can delete your Bit Index AI account through a broker it is connected with.

How to Withdraw Money From Bit Index AI?

As mentioned earlier, Bit Index AI is not responsible for storing traders’ funds, and you can access your money through the brokers it is connected with. Below is the proper procedure for withdrawing your earnings using Bit Index AI.

  1. Sign in to your broker’s account using your username and password.

  2. Click withdraw and select a payment method that works best for you.

  3. Enter the amount you wish to withdraw

  4. Complete the process and wait for the funds to be transferred to your personal account within 24 hours.

Note that most brokers connected with Bit Index AI do not accept payouts in cryptocurrencies. Therefore, ensure you convert your assets to fiat currencies to successfully withdraw your money.

Bit Index AI Celebrity/ Company Endorsements

There are many Bit Index AI references online that claim links to top companies/celebrities. We did additional research on these claims to ensure you get accurate information, and below are our findings.

Is Elon Musk Related to Bit Index AI?

No. Elon Musk is a prominent American businessman known as the CEO of Tesla and SpaceX. Musk has commented on cryptocurrency trading and how lucrative it can be. However, there is no proof that he ever endorsed Bit Index AI.

Is Martin Lewis Related to Bit Index AI?

No. Martin Lewis is a popular English journalist and TV host. He is also the founder of the Money Saving Expert website, which he later sold to the MoneySupermarket Group for $87 million. Based on our research, there is no reliable information linking Martin Lewis to Bit Index AI, making the ongoing rumors untrue.

Is Bill Gates Related to Bit Index AI?

No. Bill Gates is a celebrated American businessman, author, philanthropist, and investor. He is the co-founder of Microsoft and has no interest in the cryptocurrency market. Therefore, all rumors claiming that Gates endorsed Bit Index AI are untrue.

Is Kate Winslet Related to Bit Index AI?

No. Kate Winslet is an English actress that you have probably seen in many movies such as The Reader and Titanic. Sadly, Winslet has no interest in the cryptocurrency market, and she is not related to Bit Index AI.

Is Richard Branson Related to Bit Index AI?

No. Richard Branson is a British business mogul and the founder of Virgin Group. Branson has never endorsed Bit Index AI nor any other trading robot, leaving all the ongoing rumors untrue and misleading.

Bit Index AI In the News

There are rumors claiming that Bit Index AI was featured in the news or TV shows. Since it is our duty to verify any information before sharing it with our readers, we also extended our research to such claims.

Is This Morning Related to Bit Index AI?

No. This Morning features many episodes and based on our thorough analysis, we couldn't find a single episode where Bit Index AI was mentioned.

Is Shark Tank Related to Bit Index AI?

No. Shark Tank is a business TV reality show featuring upcoming entrepreneurs pitching their ideas to receive funding from top investors. We analyzed all the episodes so far and there is none featuring Bit Index AI.

Other Bit Index AI Reviews & User Testimonials

It is always wise to gather information from more than one source when evaluating a product or service, and users are often the most useful sources of information. Therefore, we reviewed Bit Index AI user testimonials on platforms like Reddit and Trustpilot to ensure you get accurate information.

Many users on these platforms think that Bit Index AI is a handy tool. The bot is also praised for its user-friendly features, thus simplifying trades for newbies. However, the robot also received criticism about the quality and responsiveness of its customer service.

Is there a Bit Index AI alternative?

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

Crypto RobotMinimum DepositRead our review
Immediate Granimator$250Read our Immediate Granimator review
Bitcoin Trader$250Read our Bitcoin Trader review
Crypto Revolt$250Read our Crypto Revolt review
Bitcoin Up$250Read our Bitcoin Up review
Quantum Flash$250Read our Quantum Flash review
BTC Nano$250Read our BTC Nano review

Bit Index AI: Final Thoughts

In this Bit Index AI review, we've looked at multiple factors and found Bit Index AI to be a useful and comprehensive tool. The massive portfolio of cryptocurrency and FOREX trading options on the platform is impressive. Both experienced and amateur traders can leverage the Bit Index AI platform to streamline trading in both the crypto and FOREX markets.

Bit Index AI is unregulated, and it may partner with brokers and exchanges that are yet to be regulated as well. Due diligence and keeping up with the latest news about the Bit Index AI platform will help you know if it is the ideal place to automate your next trades in the crypto or fiat markets.

FAQs

Can Bit Index AI guarantee profits?
Is Bit Index AI secure?
Can you invest with Bit Index AI?
Can you use Bit Index AI for day trading?
Is Bit Index AI customizable?
Can Bit Index AI be used for other markets besides crypto?
Does Bit Index AI have a mobile app?
Are there any risks of using Bit Index AI?
Do I need crypto trading knowledge to use Bit Index AI?

Contributors

Writer
Ryan is a crypto-aficionado who started writing about the topic 5 years ago. He likes to stay on top of current developments in the industry, and has invested in a number of different coins and projects over the years himself. His current obsession lies with with automated trading softwares and emerging AI-tools in the investment space.