Bitcoin Aussie System is a crypto trading bot that sends trading signals to partnered brokers to trade CFDs (Contracts for Difference). The bot uses an in-built algorithm and market analysis to predict which way to market will go. This practice allows users to bet long or short positions to potentially make a profit.
Bitcoin Aussie System looks and feels similar to many other auto trading bots, which may be some cause for concern. While users can set trading criteria and enjoy manual trading, the site tries to direct you towards the automated trading options instead, which more often than not results in a loss of income.
Pros And Cons Of Using Bitcoin Aussie System
Bitcoin Aussie System Markets, Assets, And Options
What Assets And Products Can You Trade Using Bitcoin Aussie System?
Bitcoin Aussie System allows clients to crypto CFDs. A CFD is a Contract for Difference, where traders bet on the value of the cryptocurrency rather than trading the coin itself. Some popular cryptocurrencies on Bitcoin Aussie System include:
These assets may change depending on your paired broker.
What Leverage Trading Options Are There?
Bitcoin Aussie System brokers offer margin trading with leverage on all CFD assets. When clients trade crypto CFDs, they can leverage their bet by up to 1000%, depending on their broker.
However, leverage this high usually means the broker is unregulated and — therefore — unreliable.
We recommend users avoid trading with leverage unless they are experienced traders. The market is highly volatile, and leveraged trading can result in a massive loss. If the market moves against your bet, you’ll lose your investment and be unable to pay the broker back for the funds they have lost as well.
Also, only trade what you can afford.
What Are The Spreads?
There is no current information on Bitcoin Aussie System’s spreads. Each broker will set their own spreads. Expect those values to fluctuate as the prices of Bitcoin, Ethereum, and so on, rise and fall.
Fees, Limits, And Payment Options On Bitcoin Aussie System
How Much Does Bitcoin Aussie System Cost?
Bitcoin Aussie System offers free registration to users. The platform is also free from subscription costs. That being said, users need to pay $250 as a deposit to their broker before they can make their first trade.
What Are The Payment Methods Accepted By Bitcoin Aussie System?
Bitcoin Aussie System lets users deposit funds via numerous methods. These include:
Bitcoin Aussie System does not charge for deposits but will take a small fee from withdrawals. Your bank may also add a transaction fee from their end. Withdrawals may take a couple of working days to reach your account.
Does Bitcoin Aussie System Also Charge Fees And Commissions?
As aforementioned, Bitcoin Aussie System charges a small commission fee on any profit withdrawals; this percentage is around 2%.
Bitcoin Aussie System Trade Sizes And Limits
Bitcoin Aussie System asks for a $250 minimum deposit before you can execute your first trade. There is no maximum limit. These trade boundaries are set by individual brokers; they may differ depending on your broker. Contact them directly if you would like to know more about trade limits.
Bitcoin Aussie System Platform
How Does Bitcoin Aussie System Work?
Bitcoin Aussie System is similar to many other auto trading bots online. Users sign up for an account and are paired with an account manager who guides them through the deposit and trading process.
The platform uses analytics and algorithms to predict market fluctuations. Users can manually set trading parameters or let the bot do all the work itself. For this reason, Bitcoin Aussie System appeals to inexperienced traders.
What Devices Can I Use Bitcoin Aussie System On?
Users may access Bitcoin Aussie System via their web browser. Unfortunately, there is no mobile app available for Android or iOS. However, you can still use the platform on an Android or iOS device with a browser. You can use Bitcoin Aussie System on any of these devices:
What Exchanges And Brokers Does Bitcoin Aussie System Partner With?
We could not find any reliable information about the specific brokers partnered with Bitcoin Aussie System. However, most partnered brokers offer margin trading on CFD assets. If you would like to know more about your paired broker, type its name into a search and look for trusted reviews and regulation status.
The site does not claim all brokers are regulated. However, you are more likely to be paired with an unregulated broker, which comes with additional risk.
Can I Use Bitcoin Aussie System In My Country?
Bitcoin Aussie System is available in numerous countries that allow CFD asset trading. These include:
Unfortunately, Bitcoin Aussie System is unavailable in places where CFDs or cryptocurrencies are prohibited, like the USA or China.
Is Bitcoin Aussie System Available In My Language?
Bitcoin Aussie System is only available in English. There are no options on the homepage to change the language.
How Easy Is It To Use Bitcoin Aussie System?
Bitcoin Aussie System features a simplified interface and automated trading option that appeals to new or inexperienced traders. In that sense, Bitcoin Aussie System is very easy to use — you don’t need to have a particular strategy to start executing trades. Users can try their hand at manual trading if they prefer.
Despite the straightforward approach to trading crypto assets, automated bots are a risky way to spend money, especially in margin trading. We recommend setting manual parameters and limiting your leverage considerably to avoid losing a considerable amount of money.
Bitcoin Aussie System has many key features. These include:
Bitcoin Aussie System offers a demo account to all users. This helps prepare them for live trading without losing any real money. Users can test trading strategies and figure out how Bitcoin Aussie System works before making their first trade.
Simple And Straightforward Interface
The bot also offers an interface that works for new and experienced traders alike. Enjoy manual or automated trading, browse charts, and crypto valuations with ease. Then let the bot place trades for you according to its algorithms.
Bitcoin Aussie System provides an account manager to guide you through the application process, answer questions, and get your trading as quickly as possible.
Security And Regulation
Is Bitcoin Aussie System Legit?
We’re not sure that Bitcoin Aussie System is as profitable as many online reviews have claimed. Some reviews appear to be fabricated to drive traffic towards the site. However, auto trading bots are much more likely to result in loss of funds rather than profits.
The site looks the same as many other auto trading sites, which leads us to believe Bitcoin Aussie System is one of many dubious trading bots designed to take your deposit. You may also find you are paired with unregulated brokers more often than not.
Is Bitcoin Aussie System Safe?
We cannot assume your funds or information will be safe with Bitcoin Aussie System. There is very little information regarding authentication practices, SSL encryption, or anti-phishing procedures on the Bitcoin Aussie System website.
However, users must verify their accounts upon registration, making the site somewhat more secure.
Am I And My Money Protected?
When you trade via a trading bot, you store your funds in your broker’s wallet. Bitcoin Aussie System itself does not look after your funds. If you are concerned about your funds, speak to the broker or your account manager directly.
Is Bitcoin Aussie System Regulated?
There is no available information regarding Bitcoin Aussie System’s regulation status. We suggest only choosing trading platforms that have been regulated by a local governing body. They will be more secure and free from illicit or fraudulent activities as a result.
Do I Have To Verify My Account With Bitcoin Aussie System?
You need to verify your email address when you complete the signup form on the homepage. From there, you will work with an account manager to complete the rest of the process, provide KYC documents and similar information.
Bitcoin Aussie System has some general information about trading platforms and Bitcoin on the homepage. However, the rest of the site does not have many educational resources, tutorials (aside from the demo account), blogs, or expert opinions. There is a small FAQ section available at the bottom of the homepage and an “About Us” page.
If you want to learn more about crypto trading, you should conduct your own research.
Tools And Charting
Bitcoin Aussie System has some tools and charts to help users implement their trading strategy. However, the site is geared towards clients who prefer the fully automated trading feature. As such, Bitcoin Aussie System is short on substantial tools and charts, you’d find on a more reputable broker.
Bitcoin Aussie System pairs you with an account manager to help with any issues that may arise. The manager will set you up with the broker and help you make your first trade. There is also a contact form on the website if you have general queries before creating your account.
How To Get Started With Bitcoin Aussie System
Do you still want to create a Bitcoin Aussie System account? Follow these steps:
Fill In The Bitcoin Aussie System Registration Form: Head to the Bitcoin Aussie System homepage and input your details into the registration form. You’ll need your name, phone, and email address. Then, head to your inbox and confirm your email address.
Pair With An Account Manager: You’ll then be paired with an account manager who’ll talk you through the deposit process and finish your registration application.
Deposit Funds: Once you have completed your registration, add the minimum deposit to your wallet with the accepted payment options (credit or debit card).
Practice On The Demo Account: Before making a real trade, practice on the demo account first. Figure out the platform before you make any financial mistakes, not before them.
Make The Initial Trade: Once you know how Bitcoin Aussie System works, you can execute your first trade. Choose whether you want the bot to fully automate this process or select your trading parameters beforehand.
Final Thoughts On Bitcoin Aussie System
Bitcoin Aussie seems like a good place to start for people looking to trade crypto assets. However, inexperienced users are highly likely to lose their money quickly. Clients have little control over Bitcoin Aussie System’s AI, meaning you trust your funds with a potentially unregulated trading bot.
The cryptocurrency market is hugely volatile and, while trading CFDs can be profitable, it usually requires forethought, intuition, and careful strategy. Bitcoin Aussie’s manual trading parameters can improve your chances of making some money, but we are inclined to believe this website is more scam than legit.
We recommend doing your own research and trading an easily affordable amount if you do choose Bitcoin Aussie. However, if you are looking to trade assets, look for a regulated broker. They will have more educational resources, tools, charts, and features to enhance the trading experience; they will also keep your funds safer.