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An Honest Bitcoin Buyer Review in 2022

Last updated 26th May 2022
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Bitcoin Buyer is a trading robot that uses algorithms and artificial intelligence to buy and sell assets on your behalf. According to the website, this robot speculates on the crypto market, using trading signals to execute trades with a good chance of making a profit. Traders can buy and sell CFDs for all major cryptocurrencies, including Bitcoin, Ripple, Tether, and Ethereum. Today, we’ll look at Bitcoin Buyer’s advantages, disadvantages, key features, and more. Is this robot worth your time and money? Check out our full rundown for more information.

5/5 Star rating
Clear user interface
Over 100,000 happy users
Used by professionals

What Is Bitcoin Buyer?

Bitcoin Buyer is yet another trading bot that promises profits to inexperienced traders looking to buy and sell CFDs, offering automated functionality, so you don’t need too much knowledge about the trading industry. Traders can either set stop-loss limits and other parameters that match their trading strategy or leave the trades entirely up to Bitcoin Buyer. This robot is available in most countries, provided CFD trading is legal; you cannot use Bitcoin Buyer in Hong Kong or the USA.

Bitcoin Buyer may sound appealing, but there is no guarantee you’ll make any money. The platform promises easy profits, but you are more likely to lose your deposit and even in debt if you use the leveraged trading options. Remember: trading bots cannot predict which way the market will turn.

Bitcoin Buyer Overview

🤖 Robot Type:Bitcoin Robot
💸 Minimum Deposit:$250
✅ Is It a Scam or Legit?Legit
🚀 Claimed Win Rate:99.4%
💰 Trading Fees:2% commission on profits
💰 Account Fees:$0
💰 Deposit/Withdrawal Fees:$0
💰 Software cost:$0
⌛ Withdrawal Timeframe:4 - 6 days
💱 Supported Cryptocurrencies:BTC, ETH, USDT, LTE, XRP
💲 Supported Fiats:None
📊 Leverage:None
📱 Native Mobile App:No
🖥️ Free Demo Account:Yes
🎧 Customer Support:Contact form, Email, Phone
✅ Verification required:KYC
🔁 Automated Trading:Yes
📈 CFD AvailableYes

Pros And Cons Of Using Bitcoin Buyer

Pros

Sign up only takes a moment
Users do not need prior trading knowledge to use Bitcoin Buyer
Many CFD assets and brokers are available
Available in a wide selection of countries worldwide
Easy-to-use tools and features

Cons

Bitcoin Buyer cannot be accessed in countries where CFD trading is illegal
Customer support is unreliable
Trading bots are risky, especially if you don’t know what you are doing

Bitcoin Buyer Markets, Assets, And Options

What Assets And Products Can You Trade Using Bitcoin Buyer?

Bitcoin Buyer has several CFD assets available. Users can trade one type of asset or multiple assets, depending on their strategy. When you trade CFDs, you only own a contract for the value of the cryptocurrency; you do not own the coins themselves. Bitcoin Buyer’s CFD assets include:

  • Bitcoin (BTC)

  • Ethereum (ETH)

  • Tether (USDT)

  • Litecoin (LTE)

  • Ripple (XRP)

Head over to Bitcoin Buyer for more information.

What Leverage Trading Options Are There?

Bitcoin Buyer does not provide any leveraged trading information on the homepage. That being said, most trading bots offer high leverage options.

Leveraged trading (also referred to as margin trading) sees brokers lend money to traders to make larger trades. The broker then takes that borrowed money back following the trade, and the trader keeps the profit. Most brokers offer leveraged trading. However, unregulated brokers provide much higher leverages, which are risky and lead to financial debt.

Before trying leveraged trading, traders should have plenty of experience and only do business with regulated brokers; the margins may not be as substantial, but regulated brokers are more trustworthy.

What Are The Spreads?

Bitcoin Buyer does not disclose any spreads information. Contact brokers directly for more details.

Brokers will offer varying spreads, but these can change along with the cryptocurrency market.

Fees, Limits, And Payment Options On Bitcoin Buyer

How Much Does Bitcoin Buyer Cost?

Bitcoin Buyer charges $250 to register for an account. However, the robot uses those funds to make your first trade. After that, users won’t need to pay any other subscription or membership charges.

However, most regulated brokers do not charge a sign-up fee. So if a platform is asking for $250 before you can use the service, you may want to reconsider signing up in the first place.

What Are The Payment Methods Accepted By Bitcoin Buyer?

Bitcoin Buyer accepts the following payment methods:

  • Credit card

  • Debit card

  • Bank transfer

There is no other available information about withdrawal and deposit options. However, users cannot use Venmo or Paypal with Bitcoin Buyer.

Withdrawals will be sent to the same account used to make deposits. Withdrawals and deposits may take several days to reach your account.

Does Bitcoin Buyer Also Charge Fees And Commissions?

Bitcoin Buyer does not charge any deposit or withdrawal fees. However, users need to pay a 2% commission whenever they make a profit. Bitcoin Buyer will take this payment automatically.

Bitcoin Buyer Trade Sizes And Limits

Bitcoin doesn’t have a maximum trading limit. However, users must trade a minimum amount of $250.

Bitcoin Buyer Platform

How Does Bitcoin Buyer Work?

Bitcoin Buyer uses trading signals, artificial intelligence, and algorithms to predict whether cryptocurrencies will rise and fall in value. The platform then executes trades according to your trading strategy. In addition, users can change their stop-loss limit and adjust other parameters, giving them additional control over Bitcoin Buyer’s protocols.

Bitcoin Buyer partners with brokers in various jurisdictions. This is also where the robot stores your funds. Some brokers may be regulated, though we could not verify if any brokers are regulated. Most trading bots will partner with regulated and unregulated brokers.

Users can also play around with Bitcoin Buyer’s demo account, so they know what they are doing when making actual trades. This is one of the most important parts of using any cryptocurrency trading platform.

What Devices Can I Use Bitcoin Buyer On?

Bitcoin Buyer is only available on browsers. These include Chrome, Firefox, Safari, IE, and others. Users can access Bitcoin Buyer on any device with a browser. These include:

  • Computer

  • iOS

  • Android

  • Laptop

  • Tablets

Bitcoin Buyer does not have a mobile or desktop app available to download. Usability may be affected on mobile devices.

What Exchanges And Brokers Does Bitcoin Buyer Partner With?

Bitcoin Buyer doesn’t have any information about partnered brokers on the homepage. Trading bots typically pair with many brokers around the world. However, we couldn’t determine whether these brokers are regulated or otherwise. Speak to the broker directly if you need to know their regulation status. Remember, only execute trades with regulated brokers.

Can I Use Bitcoin Buyer In My Country?

Bitcoin Buyer is available in any country that allows CFD trading. These include:

  • UK

  • Denmark

  • Italy

  • Sweden

Unfortunately, traders cannot access Bitcoin Buyer in the United States or Hong Kong, where CFD assets are prohibited.

Is Bitcoin Buyer Available In My Language?

Bitcoin Buyer is available in numerous languages, including:

  • English

  • Hungarian

  • Dutch

  • Spanish

Choose your preferred language from a drop-down menu at the top of the homepage.

How Easy Is It To Use Bitcoin Buyer?

Bitcoin Buyer is easy to use, much like every other trading bot. The robot is geared towards inexperienced traders and does not overcomplicate the process with complex features. Bitcoin Buyer is fully automated, so you don’t need to worry about placing trades yourself; the algorithms do everything for you. Traders should still adjust parameters and stop-loss limits to keep their funds safe.

Bitcoin Buyers provides a demo trading option, so you can figure out the features and protocols without risking your deposit. This is the best way to familiarize yourself with any trading bot. Bitcoin Buyer also provides cryptocurrency charts, so you always know how much your trades are worth.

While Bitcoin Buyer is straightforward, most traders will not make any money. These bots target new traders because they don’t know enough about trading strategies to know when they will lose money. Remember to set stop-loss limits and never place leveraged trades with a trading bot.

There is no way of knowing whether Bitcoin Buyer is placing the best trades for you or if you’re just going to lose money everything the bot executes a trade. So if you intend to trade CFD assets, build up your knowledge base and only do business with regulated brokers.

Key Features

Bitcoin Buyer’s best features include demo account options, multiple CFD assets, and automated functions.

Multiple CFD Assets

Bitcoin Buyer allows users to trade various CFD assets for the most popular cryptocurrencies on the market. These include Bitcoin, Litecoin, Ethereum, and more. Users can trade one or several assets if they want to diversify their trading portfolio.

Automated Features

Bitcoin Buyer uses automated trading features, AI, machine learning, and in-built algorithms to place trades on your behalf.

Demo Account Option

If you want to remain safe on Bitcoin Buyer, you can use the demo account to execute virtual trades and understand how the website works. Practice your trading strategy, adjust your stop-loss limit and see how much money you can make (or lose).

Security And Regulation

Is Bitcoin Buyer Legit?

Bitcoin Buyer is not legitimate, especially when compared to regulated brokers like eToro and Kraken.

Firstly, trading bots are the most unreliable way to trade assets. Most users will lose their deposits when they make their trade. They will then need to add more funds if they want to continue. Also, certain reviews are fabricated.

We also recommend avoiding trading bots or brokers that ask for a deposit to register for an account. If a trading bot asks for money before you can look around the site, you are better off trying another site.

In addition, we could not verify if Bitcoin Buyer places trades with a good chance of making a profit.

Is Bitcoin Buyer Safe?

Bitcoin Buyer does not provide information regarding security practices. We could not verify whether Bitcoin Buyer uses SSL encryption. However, Bitcoin Buyer does give your information to third-party businesses. If you want to ensure your financial and personal information remains secure, you should choose another trading platform.

Am I And My Money Protected?

Bitcoin Buyer does not hold your money. Instead, funds are sent to your broker’s wallet. Contact the broker directly if you want to know how your broker protects funds.

Is Bitcoin Buyer Regulated?

We could not confirm whether Bitcoin Buyer is regulated in any jurisdiction.

Do I Have To Verify My Account With Bitcoin Buyer?

Yes. Users must confirm their email address and personal information before using Bitcoin Buyer. In addition, users need to complete a KYC questionnaire.

Extra Information

Educational Resources

Bitcoin Buyer does not have many educational resources. There is an FAQ section on the homepage and some information about the cryptocurrency market. However, there are no blog posts, articles, or analysis pieces. If you want to expand your cryptocurrency knowledge, there are many additional online resources.

Tools And Charting

Bitcoin Buyer has numerous CFD and leveraged trading instruments. In addition, traders can browse charts to find out the real-time value of their assets. Most Bitcoin Buyer tools are automated.

Customer Support

Bitcoin Buyer has a contact form available for non-members. Additionally, users can speak to a broker representative via phone or email. However, some customers have been unable to contact anybody when they have had issues with their accounts.

How To Get Started With Bitcoin Buyer

Follow these steps if you still want to create a Bitcoin Buyer account.

  1. Go to the Bitcoin Buyer website, add your details to the signup form, then verify your account.

  2. Talk to the broker advisor who will guide you through a KYC questionnaire, then pay the $250 deposit into your broker wallet.

  3. Practice on the demo trading account before using your standard Bitcoin Buyer account. Then, once you know how the platform works, you can switch to the normal account.

  4. Set your stop-loss limits and adjust other parameters to suit your trading strategy.

  5. Enable live trading.

Is there a Bitcoin Buyer alternative?

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

Crypto RobotMinimum DepositRead our review
Immediate Edge$250Read our Immediate Edge review
Centobot$250Read our Centobot review
Bitcoin Up$250Read our Bitcoin Up review

Final Thoughts On Bitcoin Buyer

Bitcoin Buyer may appear to be an easy way to make money, but we do not recommend this trading bot if you are looking for a reliable trading platform. Bitcoin Buyer is risky and not very transparent. Trading bots are an unreliable way to enter the cryptocurrency market, and you will most likely lose your deposit.

In addition, users may be unable to contact Bitcoin Buyer if they have any issues with their account. Customer support is not as attentive as other trading bots or brokers.

We recommend only using a regulated trading platform. The features may be more complicated, and you may not be able to trade with high leverages, but your information and funds will be safer; you’ll also benefit from better resources and customer support.

Danny Maiorca

Danny Maiorca

Danny is a freelance writer specialising in technology and finance. Prior to working for himself, he spent several years working within those sectors in London. Since then, Danny has relocated to Denmark.