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An Honest Bitcoin Bank Review in 2022

Last updated 7th Sep 2022
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If you are looking to start trading Bitcoin, you may be tempted by the promises of many auto trading robots. Auto trading robots like Bitcoin Bank offer you a chance to make a passive income, invest in the cryptocurrency market, and earn enormous profits for relatively little work. Unfortunately, however, many of these platforms are notoriously unreliable. In this Bitcoin Bank review, we’ll be looking at Bitcoin Bank’s key features and practices to give you a complete understanding of this service and equip you to make the best decision about your crypto investments.

What is Bitcoin Bank?

Bitcoin Bank is one of the numerous cryptocurrency robots that operate in the cryptocurrency industry promising profits to account holders who invest their money into Bitcoin. The auto trading platform claims to use trading bots powered by AI technology to make trades with the funds you deposit into your account. This technology reportedly scans crypto exchanges and monitors trends in the market to find smart investments.

The aim of cryptocurrency trading apps such as Bitcoin Bank is to buy Bitcoin at a low price and sell it for a profit later.

However, while the cryptocurrency is still in its infancy and the market is still very volatile, Bitcoin Bank encourages you to try auto trading in a bid to open a whole new avenue of investment properties.

The concept behind the platform is relatively simple. On the surface, you do not need any prior knowledge of Bitcoin to start investing your money into the market. However, while the company infers that a Bitcoin investment can be life-changing, the truth is far more complicated — particularly when auto trading is concerned. For starters, this type of trading is very high-risk, especially when you cannot verify the reputability of Bitcoin Bank’s partnered brokers.

Bitcoin Bank Overview

🤖 Robot Type:Auto Trading Robot
💸 Minimum Deposit:$250
✅ Is It a Scam or Legit?Legit
🚀 Claimed Win Rate:88%
💰 Trading Fees:None
💰 Account Fees:None
💰 Deposit/Withdrawal Fees:None
💰 Software cost:Free
⌛ Withdrawal Timeframe:24 Hours
💱 Supported Cryptocurrencies:BTC, ETH, XRP
💲 Supported Fiats:USD, EUR, GBP
📊 Leverage:1000:1
📱 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 Using Bitcoin Bank

Pros

Low deposit of $250
Demo account and video tutorials available
No service charges
Available in countries that allow Bitcoin trading
24/7 customer support

Cons

Withdrawing funds is difficult
Auto trading bots are very risky
Some testimonials and reviews are fake

Who is The Bitcoin Bank Owner?

Bitcoin Bank was created by a team of professional traders and experienced software developers. We couldn't find specific names of Bitcoin Bank owners, however.

Getting Started With Bitcoin Bank

If you are a beginner in the cryptocurrency market, you probably are wondering how to get started with Bitcoin Bank. Do not fret, though, because the bot is user-friendly, and is designed to be used by both new entrants and experienced traders in the crypto market. Take a look below at our brief overview on how to start using Bitcoin Bank. Remember, the bot is connected to regulated brokers, so ensure you choose the best suited broker for your needs before starting.

  1. Register for a Trading Account

  2. Deposit Funds with your broker

  3. Customize your trades, buying points, selling points etc and start to trade

Bitcoin Bank Markets, Assets, and Options

What cryptocurrencies and products can you trade using Bitcoin Bank?

This trading robot is specifically tailored for crypto assets, meaning you can’t use it for assets like forex, stocks, commodities, etc. Therefore, if you diversify your portfolio with assets from different markets, consider other bots. For traders and investors in the crypto market, Bitcoin Bank offers trading options for some of the most popular cryptocurrencies on the market. The full list will be determined based on the broker that you choose to use.

What leverage trading options are there with Bitcoin Bank?

During our research for this review, we could not find any conclusive information on the leverage trading options on the Bitcoin Bank platform. However, if the service is like other auto traders, you should expect potential leverages of 1000:1 at least. While this may seem like an enticing proposition, most regulated brokers would never offer such massive leverage options. Therefore, if you intend to sign up, you should be wary of exceptionally high leverage percentages.

Confused about using Bitcoin Bank? Allow us to explain.

When a broker offers leverage to invest in Bitcoin, they are effectively giving you a loan. For example, say the broker provides a 1000:1 leverage option. If you invest the Bitcoin Bank minimum of $250, you’ll be loaned $250,000 for Bitcoin investments. Essentially, you are borrowing a large sum of money in a bid to earn a significant profit. However, you need to remember that auto trading comes with plenty of risks, and it’s a very unreliable way of trading at the best of times. Therefore, when you add in the astronomical leverage, you may prefer to look for alternative investment methods that offer more control over your funds.

What are the spreads on Bitcoin Bank?

Due to the volatility of the Bitcoin market, you can expect the buying and selling price of cryptocurrency on Bitcoin Bank to fluctuate every day. That being said, different brokers will offer you different deals, all of which will have varying pip values.

Also, you can find out more by taking a look at our following guides:

Fees, Limits, and Payment Options on Bitcoin Bank

How Much Does Bitcoin Bank Cost?

Besides offering free trade automation services, Bitcoin Bank has deposit bonuses you can enjoy from time to time. Signing up for an account with it is also free, and there are no subscription charges. You should test it out via its demo account to ensure it aligns with your trading or investment requirements.

💸 Minimum Deposit:$250
💰 Trading Fees:Zero
💰 Account Fees:Zero
💰 Deposit/Withdrawal Fees:Zero
💰 Software cost:zero
💰 Subscription cost:Zero

What are the payment methods accepted by Bitcoin Bank?

There are several alternative payment methods for trading on Bitcoin Bank. These include:

  • PayPal

  • Mastercard

  • Visa

  • And more

Does Bitcoin Bank also charge fees and commissions?

As we have stated, Bitcoin Bank does not charge any registration fees when you become a user. Also, you will not face any service charges when you place your deposit into your account. However, you can expect the platform to take a small commission of your profits - if you are lucky enough to make any.

Bitcoin Bank trade sizes and limits

Like many other auto traders, Bitcoin Bank has set a minimum investment limit of $250 to purchase cryptocurrency. Interestingly, the platform offers zero information on the maximum trading limit. As such, you can assume that you can invest as much as you can feasibly afford. However, as we have said, auto trading is an unreliable way to invest in Bitcoin and comes with plenty of risks. Therefore, if you are thinking of using an auto trader, we strongly advise keeping to the minimum limit.

Start Trading

Bitcoin Bank Platform

How does Bitcoin Bank work?

Bitcoin Bank is an auto trading system that reportedly utilizes AI technology to invest user funds into the Bitcoin market and hopefully make a profitable return.

Bitcoin Bank claims to use AI bots to find cheap Bitcoin shares. Then the platform will prompt you to invest in those shares, or if you have selected the auto trade setting, it will purchase the shares for you. Bitcoin Bank will then hold these investments and send you a message to make a substantial profit. Sounds easy, right? Well, it also sounds too good to be true. Nevertheless, the platform seems to be an excellent way to make extra money. However, auto trading is undeniably risky and often ineffective, which means you are likely to lose your money rather than earn a profit.

On their website, Bitcoin Bank suggests that your auto trading investments can have numerous benefits on your life, but we could not find many trustworthy testimonials or reviews that supported these claims. While the bots could scour the market much faster than human traders, we would not wholly trust them to help you earn a profit. There is a good chance you will not see a return on your investment given the nature of auto trading.

What devices can I use Bitcoin Bank on?

You can use Bitcoin Bank on any device that can connect to wifi and access an internet browser. This includes:

  • Smartphones

  • Tablets

  • Desktop Browsers

Can I Use Bitcoin Bank in My Country?

CountryIs Bitcoin Bank available?
Can I Use Bitcoin Bank in the UKNo
Can I Use Bitcoin Bank in CanadaNo
Can I Use Bitcoin Bank in AustraliaYes
Can I Use Bitcoin Bank in USANo
Can I Use Bitcoin Bank in South AfricaYes
Can I Use Bitcoin Bank in New ZealandYes
Can I Use Bitcoin Bank in PhilippinesYes
Can I Use Bitcoin Bank in UAEYes
Can I Use Bitcoin Bank in SingaporeYes
Can I Use Bitcoin Bank in FranceYes
Can I Use Bitcoin Bank in SpainYes
Can I Use Bitcoin Bank in ItalyYes
Can I Use Bitcoin Bank in GermanyYes
Can I Use Bitcoin Bank in NigeriaYes
Can I Use Bitcoin Bank in MexicoYes

Which exchanges and brokers does Bitcoin Bank partner with?

Unfortunately, we found it difficult to find any concrete information regarding the brokers and exchanges partnered with Bitcoin Bank. That being said, you should remember that high leverage rates are a strong indicator that brokers are probably unregulated and, therefore, less likely to help you earn a profit.

Is Bitcoin Bank available in my language?

Bitcoin Bank is available in numerous languages. Unfortunately, the language will be automatically assigned to you based on your geographical location. You can expect to view Bitcoin Bank in:

  • English

  • German

  • Spanish

  • Italian and more

How easy is it to use Bitcoin Bank?

Regarding the app itself, Bitcoin Bank is straightforward to navigate. The user interface is relatively minimal and sleek. Account registration is speedy, but that is probably because the company wants you to deposit your funds and get trading. If you are confused by the Bitcoin Bank platform, you can use a demo account to practice making trades without spending any real money.

How much profit can you make using Bitcoin Bank?

Bitcoin Bank automates trades and investments to attempt to maximize your success potential. However, the bot doesn't guarantee profits, and it is crucial to take measures to mitigate the risks in the crypto market. If you are new to the market , conduct thorough market research and develop solid strategies that you are comfortable with, and that allow you to control your spending. This is so that you can easily follow up on the bot’s performance and take advantage of potentially profitable trends the robot misses out on.

Remember, the profits you earn with Bitcoin Bank depend on your input. Since the robot has a leverage of 1000:1, you can make more than your invested capital, up to $1,000 daily. That being said, always calculate your potential profits before you begin trading/investing, and consider your tax deductions to the IRS/HMRC.

Bitcoin Bank Key Features

Bitcoin Bank offers numerous features on the platform to stand out to new users. These include:

  • Customer Support: In preparation for this review, we found that the customer support side of Bitcoin Bank is very attentive. When you create your account, you’ll be contacted by a representative immediately to finalize your registration. If you miss their call, you can expect them to try your number repeatedly until you complete the sign-up process. You can also contact Bitcoin Bank by e-mail or live chat.

  • Low Deposit: One of the most advertised Bitcoin Bank features is their low minimum deposit of $250. But, of course, they do not tell you the high leverage options required to afford Bitcoin with such a small deposit.

  • Demo Account: As we have already stated, Bitcoin Bank allows you to try out a demo version of the app, which has all the features of the live trading experience, but you do not use your funds, eliminating any risk.

Start Trading

Bitcoin Bank Security and Regulation

Is Bitcoin Bank legit?

We found plenty of Bitcoin Bank reviews online during our research, though many of them were obvious fabrications designed to direct traffic towards the site. Also, the high leverage options make you wonder how many Bitcoin Bank partnered brokers are regulated. In our experience, regulated brokers and exchanges do not offer astronomical leverage options.

There have also been some reports that Bitcoin Bank makes it very difficult to withdraw your funds. Details can be found here.

Is Bitcoin Bank safe?

Bitcoin Bank is technically safe in regards to your personal information being protected by SSL encryption. However, due to the issues surrounding the problematic withdrawal process and the large amount of risk involved with leveraged trades, we cannot guarantee that your funds will be safe and that you will make a profit.

Are my money and I protected?

Overall, Bitcoin Bank is highly encrypted and aims to ensure your email and data are protected from hackers’ access.

Is Bitcoin Bank regulated?

This is difficult to say. We found little information regarding regulated exchanges and brokers on the Bitcoin Bank website. However, as we have stated, we recommend that you avoid any broker that offers obscenely high leverage on your deposit, as they will most likely be unregulated. The best crypto trader regulators are the CySec, FCA, ASIC, and FSB - look for any of these authorities before conducting business with any trader.

Do I have to verify my account with Bitcoin Bank?

Yes, when you create your Bitcoin Bank account, you’ll need to provide documents and verify your identity and address. Then you can use your Bitcoin Bank login.

How Does Bitcoin Bank Work? Trading Strategies and Algorithms

Bitcoin Bank is AI-powered, which uses trading signals and algorithms to monitor the cryptocurrency market and trade on your behalf based on potentially profitable trends it picks. The robot is designed for high--speed performance; no wonder it gains excellent reviews and testimonials from users. Bitcoin Bank has a claimed win rate of 88% and like any trading product doesn't guarantee successful trades. It does, however, improve its chances of success due to the following features.

  • Automated Trading Tools

  • Arbitrage Trading

  • Reactive News Trading

  • Price Trend Analysis

Extra Information About Bitcoin Bank

Educational Resources

Traders and investors can also learn more about cryptocurrency trading from website blogs, podcasts, and youtube channels. All these resources are free, but you can pay for financial advisors’ services should you require extra guidance.

Tools and Charting

Bitcoin Bank comes with plenty of charts and metrics to show you the Bitcoin market projections. You can also set parameters to narrow your searches to better search for traders and exchanges.

Customer Support

Bitcoin Bank Customer SupportDetails
Bitcoin Bank support emailNot available
Bitcoin Bank support contact numberNot available
Bitcoin Bank live chat optionYes
Bitcoin Bank other support optionsOnline Form

Demo Account

Bitcoin Bank has a demo account to test it with and gauge your skill level before venturing into the live market using real money. The demo account is risk-free, but you must make a minimum deposit of $250 to use it. It is the best platform to get started with, especially if you are entering the crypto space with zero experience.

How to get started with Bitcoin Bank? 3 simple steps

Below you’ll find a list of steps to help you get started with Bitcoin Bank:

  • Step 1 - Registration

Registration is a relatively quick and painless process. Simply input your details, and you’ll be contacted by a representative who will see you through the verification procedure.

  • Step 2 - Make a Deposit

Once you have created your Bitcoin Bank account, you need to pay a deposit of $250 to trade for Bitcoin. You can deposit more funds if you prefer, though we strongly recommend that you stick to the minimum.

  • Step 3 - Begin to Live Trade

If you’ve completed the above steps, you are ready to start trading on Bitcoin Bank.

How to Delete the Bitcoin Bank Account?

As mentioned earlier, Bitcoin Bank is connected to regulated brokers. Therefore, to delete it, go to its menu at the top corner of the page and access the settings command to initiate the process. Alternatively, you can delete your Bitcoin Bank account by deleting your account with the broker, thus losing your data with that broker as well. Do not start the process of deletion if you are not certain about how you want to go about it. Instead, contact its customer care for guidance.

How to Withdraw Money From Bitcoin Bank?

Bitcoin Bank does not have a cryptocurrency wallet for storing your assets and earnings. The brokers it is connected with do the storing, meaning that your funds can only be accessed through the brokers. Below is the procedure for withdrawing your money earned from Bitcoin Bank's automated trades and investments.

  1. Visit a Bitcoin Bank’s connected broker’s platform and sign into your trading/investment account

  2. Go to your wallet, whereby you should click withdraw to start the withdrawal process

  3. Enter your preferred payment method, whether PayPal or bank.

  4. Enter an amount to withdraw

  5. Click continue to initiate the withdrawal process, which should take up to 24 hours to complete.

Remember, most cryptocurrency brokers do not accept payouts in crypto assets, and that is why Bitcoin Bank supports various fiat currencies to streamline the withdrawal process. Therefore, choose your preferred fiat currency to successfully withdraw your funds.

Bitcoin Bank Celebrity/ Company Endorsements

You have probably come across online reviews claiming that top celebrities or companies endorse Bitcoin Bank. We did our research to verify these claims, and below are our opinions based on our analysis findings.

Is Elon Musk Related to Bitcoin Bank?

No. Elon Musk is a Bitcoin investor and the CEO of Tesla and SpaceX. For this reason, many believe he is related to Bitcoin Bank. Based on our research, there is no information proving that Musk endorsed this robot or used it to automate his investments.

Is Jeff Bezos Related to Bitcoin Bank?

No. Jeffrey Preston Bezos is a prominent American business mogul and media personality. He is Amazon’s founder and has no interest in cryptocurrency trading and investments. Therefore, all rumors that Bezos is related to Bitcoin Bank should be considered untrue and misleading.

Is Gordon Ramsay Related to Bitcoin Bank?

No. Gordon Ramsay is a British celebrity chef and popular television personality. He is interested in cryptocurrency, and there have been rumors to say he is connected to Bitcoin Bank. However, based on our findings, he hasn't endorsed Bitcoin Bank, nor is he related to the robot.

Is Karl Stefanovic Related to Bitcoin Bank?

No. Karl Stefanovic is an Australian Nine Network journalist and TV presenter. Throughout his period working with the Nine Network as a co-host, Stefanovic has never endorsed Bitcoin Bank and as such, despite online claims, we believe he does not use it to trade or invest.

Bitcoin Bank In the News

Bitcoin Bank is also said to be featured on various news channels and TV shows. We reviewed all previous episodes, and below are our findings.

Is This Morning Related to Bitcoin Bank?

No. This Morning is a British TV show featuring diverse guests to discuss matters on various topics, including celebrity news, cooking tips, beauty, lifestyle, etc. We reviewed all episodes aired on this show, and we couldn't find one featuring Bitcoin Bank, making the ongoing rumors false.

Is Dragons Den Related to Bitcoin Bank?

No. Dragons Den is a TV reality show connecting upcoming entrepreneurs to prominent ones globally for funding and partnerships. So far, the show has aired many episodes, but there is none related to Bitcoin Bank. As of the time of writing, there has been no direct mention of Bitcoin Bank and Dragons Den, however we have included it here as this is a show which is often incorrectly associated with cryptocurrency trading robots.

Other Bitcoin Bank Reviews & User Testimonials

We want to ensure that our readers have no doubts about moving forward with Bitcoin Bank. For this reason, we analyzed user reviews and testimonials on Trustpilot and Reddit.

What Are The Top Bitcoin Bank Reviews on Forums and Reddit?

Reddit is one of the platforms where cryptocurrency traders leave their reviews regarding their experiences with trading robots, brokers, or exchanges. From our understanding, many users believe that Bitcoin Bank is reliable and trustworthy, considering that it is connected with regulated brokers. Also, it is the best for newbies since it is user-friendly and highly encrypted to secure emails and data. On top of that, Bitcoin Bank is customizable, attracting all types of traders and investors, whether new or experienced.

What Are The Top Bitcoin Bank Reviews on Trustpilot?

We also visited Trustpilot, and the results are similar to what we got on Reddit. Besides being user-friendly and customizable, most Bitcoin Bank users think it is affordable since you only need to pay at least $250 to use it. Plus, the robot has a reliable support service working round the clock to help you with any concerns or challenges.

Is there a Bitcoin Bank alternative?

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

Crypto RobotMinimum DepositRead our review
Bitcoin Trader$250Read our Bitcoin Trader review
Bitcoin Revolution$250Read our Bitcoin Revolution review
Bitcoin Profit$250Read our Bitcoin Profit review

Conclusions. Bitcoin Bank Review

In conclusion, Bitcoin Bank offers plenty of benefits to new users for a small deposit. However, the fact remains that auto trading is a dangerous game even if you know what you are doing. With potentially huge leverages and even larger financial risk, you may prefer more tried-and-true methods to invest in Bitcoin.

FAQs

Do I need any crypto trading knowledge to get started with Bitcoin Bank?
Are there any risks of using Bitcoin Bank?
Does Elon Musk or any corporations (like Tesla) use Bitcoin Bank?
Bitcoin Bank celebrity and media endorsements, is it all true?
My Bitcoin Bank account is frozen, what can I do?
How much profit can I make with Bitcoin Bank?
Are there any hidden fees with Bitcoin Bank?
What to do if you're losing money with Bitcoin Bank?
How to stop receiving Bitcoin Bank spam emails?
Is Bitcoin Bank a scam and a pyramid scheme?
Can Bitcoin Bank be trusted?
What are crypto robots?
Khashayar Abbasi

Khashayar Abbasi

Khashayar discovered Bitcoin back in 2014 and has since spent countless hours researching the different use cases of cryptocurrencies. He has a bachelor's degree in International Relations and has been a writer in the financial services industry for nearly half a decade. In his spare time, Khashayar enjoys photography, cycling, and ice skating.