What is Bitcoin Bank? Bitcoin Bank Review
Bitcoin Bank is one of the numerous cryptocurrency robots that operate in the cryptocurrency industry to assist those who want to invest in 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 market trends to find investment opportunities.
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, as the cryptocurrency market is still very volatile, Bitcoin Bank encourages you to try auto trading in a bid to open a whole new avenue of investment opportunities.
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 in 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.Visit site and sign up
Bitcoin Bank Overview
|🤖 Robot Type:||Auto Trading Robot|
|💸 Minimum Deposit:||$250|
|🚀 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|
|📱 Native Mobile App:||No|
|🖥️ Free Demo Account:||Yes|
|🎧 Customer Support:||Email, Live chat|
|✅ Verification required:||KYC|
|🔁 Automated Trading:||Yes|
|📈 CFD Available||Yes|
Pros and Cons of Using Bitcoin Bank
Who is Behind Bitcoin Bank?
The Bitcoin Bank team allegedly consists of professional traders and experienced software developers. We couldn't find the specific names of the owners, however.
Getting Started With Bitcoin Bank
Bitcoin Bank is user-friendly and designed to be used by both new entrants and experienced traders in the crypto market. Take a look below at our brief overview of how to start. Remember, the bot is connected to regulated brokers, so ensure you choose the broker best-suited to your needs before starting.
Register for a trading account
Deposit funds with your broker
Customize your parameters 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 digital assets, meaning you can’t use it for assets like forex, stocks, commodities, etc. Therefore, if you want to 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 crypto market. These include:
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. While this may seem like an enticing proposition, most regulated brokers would never offer such massive leverage options. Trading with high leverage carries high risk, as it will increase your losses, as well as your profits.
If you want to know more about leveraged trading, take a look at our comprehensive guides:
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 to fluctuate every day. That being said, different brokers will offer you different spreads, all of which will have varying pip values.
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 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 this platform. These include:
Does Bitcoin Bank also charge fees and commissions?
As we have stated in this Bitcoin Bank review, it does not charge any registration fees when you become a user. Also, you will not face any service charges when you place your initial 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 crypto traders, Bitcoin Bank has set a minimum deposit 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 like. However, as we have said in this Bitcoin Bank review, 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 deposit limit.Start Trading
Bitcoin Bank Platform
How does Bitcoin Bank work?
This is an auto trading system that reportedly utilizes AI technology to invest user funds into the Bitcoin market in the hopes of generating returns.
Bitcoin Bank claims to use AI bots to find cheap Bitcoin. Then the platform will prompt you to invest in those coins, or if you have selected the auto trade setting, it will purchase the coins for you. Bitcoin Bank will then hold these investments and prompt you when to sell. Sounds easy, right? Well, it also sounds too good to be true. Auto trading is undeniably risky and often ineffective, which means you are likely to lose your money rather than earn a profit.
On the Bitcoin Bank website, they suggest 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 crypto market much faster than human crypto 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 this platform on any device with a browser that can connect to the internet. This includes:
Can I Use Bitcoin Bank in My Country?
|Country||Is Bitcoin Bank available?|
|United Arab Emirates||Yes|
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:
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?
The amount of profit you could make depends on factors such as how much you trade with and the conditions in the market. Profits aren't guaranteed, however, and you could easily lose your capital.
Bitcoin Bank Key Features
Bitcoin Bank offers numerous features on the platform to stand out to new users. These include:
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.
One of the most advertised Bitcoin Bank features is their low minimum deposit of $250. This makes the bot accessible to a wide range of potential investors.
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 crypto 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 review sites 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 safety.
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 platform.
Do I have to verify my account with Bitcoin Bank?
Yes, when you create your 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, using trading signals and algorithms to monitor the cryptocurrency market and trade on your behalf based on potentially profitable market trends it identifies. The robot is designed for high-speed performance. Bitcoin Bank has a claimed win rate of 88% and like any trading product doesn't guarantee successful trades. It does, however, improve trading efficiency through the following strategies and tools.
Automated Trading Tools
Reactive News Trading
Price Trend Analysis
Extra Information About Bitcoin Bank
Traders and crypto investors can 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 customize your trading experience.
|Bitcoin Bank Customer Support||Details|
|Bitcoin Bank support email||Not available|
|Bitcoin Bank support contact number||Not available|
|Bitcoin Bank live chat option||Yes|
|Bitcoin Bank other support options||Online Form|
Bitcoin Bank has a demo account to try out the platform 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. This is a good way to get started, 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 instructions to help you get started with Bitcoin Bank:
Step 1 Registration
Step 2 Make a Deposit
Step 3 Begin to Live Trade
How to Delete Your Bitcoin Bank Account?
To delete your account, go to Bitcoin Bank's 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. You can contact Bitcoin Bank's 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 from a partnered broker.
Visit Bitcoin Bank’s connected broker’s platform and sign into your trading/investment account
Go to your wallet, where you should click withdraw to start the withdrawal process
Enter your preferred payment method, such as PayPal or bank transfer
Enter an amount to withdraw
Click continue to initiate the withdrawal process, which should take up to 24 hours to complete
Remember, most cryptocurrency brokers do not process 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 may have 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 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 of 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 investors 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, but 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 Bitcoin Bank. For this reason, we analyzed user reviews and testimonials on Trustpilot and Reddit.
What Are The Top Bitcoin Bank Review 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. Bitcoin Bank is yet to rack up any reviews on Reddit, perhaps because it is relatively new to the trading space.
What Are The Top Bitcoin Bank Reviews on Trustpilot?
We also visited Trustpilot, and the reviews appear to be mostly positive. Besides being user-friendly and customizable, reviewers called the platofrm affordable since you only need to pay a minimum of $250 to use it. Plus, the robot has a 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 Robot||Minimum Deposit||Read our review|
|Bitcoin Trader||$250||Read our Bitcoin Trader review|
|Bitcoin Revolution||$250||Read our Bitcoin Revolution review|
|Bitcoin Profit||$250||Read 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.