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HomeRobotsA Comprehensive Review of Bitcoin Trader - Is It Legit?

An Honest Bitcoin Trader Review in 2022

Last updated 7th Sep 2022
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Bitcoin Trader is a popular Bitcoin trading robot that has the potential to help people make profits from automated trades. Additionally, Bitcoin Trader claims to use artificial intelligence and machine learning models to analyse the markets and spot the movements of different trends. We've tested Bitcoin Trader system ourselves and looked at other Bitcoin Trader reviews to create this Bitcoin Trader software review. We will answer questions related to its legitimacy, safety, markets, assets, other transactions within the trading platform and most importantly, is Bitcoin Trader a scam or not?

What is a Bitcoin Trader?

Bitcoin Trader is an automated trading software that makes it easier for investors to invest in Bitcoin and other cryptocurrencies. The concept behind the Bitcoin Trader system is relatively straightforward. As a cryptocurrency trading robot, the system has been designed to make trading easier for you, so you do not have to make trades manually as the robot can be used in an automated trading mode.

The automated trading mode, also called 'Trading Robot', ensures that Bitcoin Trader automatically opens and closes trades in accordance with preset signals in the market. Bitcoin Trader has a friendly interface that makes buying and selling cryptocurrencies simple.

To make trades, the robot reportedly analyzes historical data, patterns, charts, and graphs across the internet to arrive at the best trading strategies. It then carries out the trades through its established network of brokers using various statistical methods. The main advantage of this automated trading software is that it can not trade based on emotion or irrationality.

According to sources online, Gary Roberts founded the trading platform in 2017. Since then, he claims it has generated thousands of dollars in profits for its users. Bitcoin Trader's official website claims it is a split second faster than the live market and can therefore allegedly place trades faster than most of the other crypto trading robots can. The system claims to be able to generate up to $1,300 of profit from daily trades. However, there are tons of different opinions surrounding this claim. We will take a deeper look into the background of this trading platform in the subsequent sections.

Bitcoin Trader Overview

🤖 Robot Type:Bitcoin Robot
🔑 Official Bitcoin Trader website?https://bitcointrader.ai/
💸 Minimum Deposit:$250
✅ Is It a Scam or Legit?Legit
🚀 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:14
💱 Supported Cryptocurrencies:BTC, ETH, LTC, XRP, BTG, IOTA
💲 Supported Fiats:USD, EUR, GBP
📊 Leverage:1:100
📱 Native Mobile App:No
🖥️ Free Demo Account:Yes
🎧 Customer Support:Live Chat, Email
✅ Verification required:KYC
Bitcoin Trader - Visit Now

Pros and cons of using Bitcoin Trader Software

Pros

Fast and easy registration
Multiple payment methods available
Strong security measures in place
Customizable trade settings
Demo account

Cons

Limited crypto assets supported
No detailed information about the founders
Not available in all countries

Who is The Bitcoin Trader Owner?

Bitcoin Trader was reportedly established by a group of traders and trading software developers to help cryptocurrency traders to maximize their potential. The owners of this robot are said to have decades of experience in the cryptocurrency space, and coming together enabled them to create a powerful tool with cutting-edge technology. Fortunately, Bitcoin Trader owners promise to keep updating the trading robot based on the latest market trends. Additionally, they claim to integrate it with world-renowned brokers regulated by the best authorities, such as the FCA. This is done with the aim to guarantee efficiency, reliability, and safety while trading with Bitcoin Trader.

Getting Started With Bitcoin Trader

To get started with Bitcoin Trader, you must make an initial deposit of at least $250. We will discuss more on how to trade with the trading robot later in this guide, but below is a brief overview.

  1. Sign up for a trading account by visiting the bot’s website

  2. Make a deposit

  3. Customize Bitcoin Trader and start trading.

Bitcoin Trader Markets, Assets, and Options

What cryptocurrencies and products can you trade using Bitcoin Trader system?

Bitcoin Trader app supports only cryptocurrency trading. Tradable assets include: Bitcoin, Ethereum, Litecoin, Ripple and more.

What leverage trading options are there on Bitcoin Trader?

Bitcoin Trader collaborates with partners to provide leveraged trading for its users. However, both the robot and the website do not specify the leverage limits, options, or requirements.

Please note that leveraged trading comes with huge risks, so we advise traders to start with small amounts of money before proceeding to bigger trades. Leveraged trading is a double-edged sword – it could lead to larger earnings as well as larger losses.

What are the spreads on the Bitcoin Trader platform?

There is no information regarding the spreads with Bitcoin Trader although you are likely to get competitive spreads since it deals with popular cryptocurrency brokers. If you're interested in spread betting, check out our guide to cryptocurrency spread betting.

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Fees, Limits, and Payment Options on Bitcoin Trader

How much does Bitcoin Trader system cost?

When it comes to knowing what is the Bitcoin Trader cost, we can say that Bitcoin Trader is free to use. The trading software has no subscription fee, although users need to make a minimum deposit of $250 in their Bitcoin Trader accounts to start live trading.

Additionally, Bitcoin Trader has deposit bonuses that traders look forward to maximizing their trading experience. So, while the trading robot is free for usage, ensure it meets your trading requirements by testing it using the Bitcoin Trader demo account.

💸 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 Trader?

You can make deposits and withdrawals through a number of payment methods on Bitcoin Trader system. The available options include:

  • Maestro

  • MasterCard

  • Visa

  • Credit and debit card

  • Payoneer

  • Skrill or Neteller

Does Bitcoin Trader also charge fees and commissions?

The trading software does not take advantage of traders with hidden fees or charges. There are no commissions or fees on deposits, withdrawals, usage, or download. However, depending on the broker that you are using, you might pay a little out of from your profit made from trades.

Bitcoin Trader trade sizes and limits

Due to its leveraged trading, there are hardly any limits to your trades. Again, we advise users of Bitcoin Trader to trade carefully as there is no guarantee that you are going to make huge profits. You need a minimum of $250 to start trading.

Please note that limits to trading might be placed by the broker in charge of the transactions. There are no time or monetary limits to withdrawals though it might take up to 24 hours for the money to appear in your account.

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

Bitcoin Trader’s Platform

How does Bitcoin Trader work?

Bitcoin Trader works by helping cryptocurrency traders make money through automated trading strategies. The trading robot enables traders to make automated trades at their convenience. Given how technical news analysis on daily trades can be cumbersome, you can carry out multiple trades and complex transactions while making profits passively on the trading platform.

The automated trading robot Bitcoin Trader reportedly searches and analyzes the market with great accuracy and speed using different trading signals. It is said to analyze internet data using the latest smart technologies and algorithms. It then relays this researched information and trading signals to its partner brokers through an API that then executes the trade order. Bitcoin Trader has a self-acclaimed success rate of 96%.

What devices can I use Bitcoin Trader on?

The Bitcoin Trader robot does not have any downloadable native mobile app but you can use the trading software on the website from an array of devices such as:

  • Smartphones (Android and iPhone)

  • Tablets

  • Desktops and laptops

Since you can access the trading platform from virtually any web browser, all you need is a strong internet connection on your device.

Can I Use Bitcoin Trader in My Country?

Bitcoin Trader is widely accessible across several countries worldwide. Check below for a more comprehensive list.

CountryIs Bitcoin Trader available?
Can I Use Bitcoin Trader in the UKYes
Can I Use Bitcoin Trader in CanadaYes
Can I Use Bitcoin Trader in AustraliaYes
Can I Use Bitcoin Trader in the USANo
Can I Use Bitcoin Trader in South AfricaYes
Can I Use Bitcoin Trader in New ZealandYes
Can I Use Bitcoin Trader in the PhilippinesYes
Can I Use Bitcoin Trader in UAEYes
Can I Use Bitcoin Trader in SingaporeYes
Can I Use Bitcoin Trader in FranceYes
Can I Use Bitcoin Trader in SpainYes
Can I Use Bitcoin Trader in ItalyYes
Can I Use Bitcoin Trader in GermanyYes
Can I Use Bitcoin Trader in NigeriaYes
Can I Use Bitcoin Trader in MexicoYes
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Is Bitcoin Trader bot available in my language?

The website can be translated into languages such as English, German, French, Portuguese, and Spanish. Thanks to its wide language coverage, there are almost no language barriers for anyone using Bitcoin Trader.

How easy is it to use Bitcoin Trader?

Bitcoin Trader is a user-friendly program. Thus, all levels of traders should find it easy to navigate the trading platform and place trade orders.

How much profit can you make using Bitcoin Trader?

Bitcoin Trader can benefit your trading activities if you know how to fully take advantage of it. This means thoroughly analyzing the crypto market to develop solid trading strategies and track the bot’s performance. Traders should also plan and calculate their profits considering tax deductions reported to the IRS/HMRC.

While there are myths about many traders getting rich through Bitcoin Trader, we wouldn't advise newbies to go all in until they are fully familiar with cryptocurrency trading and how to apply Bitcoin Trader in their activities.

Key Features of Bitcoin Trader

Traders enjoy using the Bitcoin Trader robot because of some of its key features. Its key features include:

User-friendly interface

Bitcoin Trader has a user-friendly interface, which makes it great to use for both beginners and experts alike. You can make deposits, withdrawals, and place trade orders without any hassle.

Easy registration

Signing up on the trading platform only takes a few minutes and this is much faster than on other platforms. Also, the website is user-friendly and little or no expertise is needed to start trading. Bitcoin Trader has a low deposit of only $250 to start trading.

Excellent security

Despite the verification process being simple and quick, the security at Bitcoin Trader seems to be top-notch. Bitcoin Trader is secured by SSL technology, with the aim of keeping all the data is encrypted safely into the system. The trader’s data is reportedly highly protected and maintained with strict confidentiality. Although, these claims are not backed with documentation of any kind.

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Trading with Bitcoin Trader: Security and Regulation

Is Bitcoin Trader legit?

From our Bitcoin Trader review, we can say that the robot is a legitimate option for trading cryptocurrency assets, although there are some opinions that differ.

We recommend trading with caution since the cryptocurrency market is prone to much volatility and price fluctuations. Apart from our Bitcoin Trader review, some other user reviews have also shown people to be making decent profits from the automated platform – further proof that the system seems to be legit.

Is Bitcoin Trader safe?

Many people worry about the safety of their funds and personal data when it comes to using trading platforms. Bitcoin Trader claims to have security programs and trading software credentials installed to protect the system against all forms of attacks from viruses, fraudsters, and other areas. Bitcoin Trader is secured by SSL technology, which is supposed to keep all the data encrypted safely into the system.

Are my money and I protected?

Bitcoin Trader ensures your money’s safety by partnering with brokers regulated by tier-one authorities. This robot only automates and streamlines trades and is not responsible for storing your trading funds. It's the brokers' responsibility to safeguard your funds.

Is Bitcoin Trader Regulated?

Bitcoin Trader is integrated with regulated brokers. Such brokers ensure you have the best platforms to trade. Examples of regulators overseeing Bitcoin Trader integrated brokers include the financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), etc.

Do I have to verify my account with Bitcoin Trader?

You must first register on Bitcoin Trader by providing your name and email address. After this, you will be prompted to create a password and provide your phone number in the next step. Although you have to verify your account for better security and protection of your assets, the process is easy and only takes a few minutes.

How Does Bitcoin Trader Work? Trading Strategies and Algorithms

If you visit online platforms like Reddit and Trustpilot, you will see that Bitcoin Trader has received excellent reviews and testimonials from users. It is among the top trading robots to rely on in the highly volatile crypto market. Some of the elements that set the bar high for Bitcoin Trader include;

  • Automated Trading Tools

  • Price Trend Analysis

  • Arbitrage Trading

  • News Trading

Extra information about the Bitcoin Trader Platform

Educational Resources

Besides content features on integrated brokers, Bitcoin Trader has a small FAQ section that provides quick answers to basic questions. Traders can also learn more about Bitcoin Trader from reliable website blogs, youtube channels, podcasts, etc. Once you improve your skills, test them out on Bitcoin Trader’s demo account before diving into the real market.

Tools and Charting

Bitcoin Trader uses an API to interact with brokers. From the connection, it interacts with brokers to carry out trade orders. Consequently, you can open both short and long positions using the tools and charting available on the trading platform.

Customer Support

Bitcoin Trader has top-notch customer service. Prior to registration, you would need to fill a contact type form on their website. After your registration, you will have access to their customer service via email and live chat. However, it is unclear if you can access them 24/7 or only during working hours.

Bitcoin Trader Customer SupportDetails
Bitcoin Trader support emailEmail: info[at]bitcointrader.ai
Bitcoin Trader support contact number+65 6377 8000
Bitcoin Trader live chat optionYes
Bitcoin Trader other support optionNone

Demo Account

Bitcoin Trader’s demo account works like its live version, but the difference is that you won't get access into the live market nor trade with real money. You should take advantage of the risk-free demo account to practice cryptocurrency trading and test your skills. Remember, to access by clicking on demo account Bitcoin Trader and you must sign up through the right procedure on the Bitcoin Trader’s demo account.

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How to get started with Bitcoin Trader App

You can set up your Bitcoin Trader account in the four simple steps below:

  • Step 1 - Register

Once you land on the Bitcoin Trader website, you will find a form, where you are to fill in your name and email address. Once you click “next,” it will take you to where you can set a password. Please use a strong password. After clicking “next” again, you will be directed to fill in your country and telephone number. The final process in this step is to click “register now,” to be just a step away from your first trade with the robot.

  • Step 2 - Make a Deposit

Your live account remains inaccessible until you make a deposit. The minimum deposit is $250, which is quite reasonable. You can make deposits using different methods of payments such as credit cards, third-party payment providers, MasterCard, etc. Rest assured all your sensitive information remains private and safe on the trading platform.

  • Step 3 - Use a Demo Account (optional)

This step is optional, still, we recommend it to every prospective trader on Bitcoin Trader. Your level of experience does not matter as it is always good to test out the features of any trading platform like this before starting a live trade. The Demo mode is the same as live trading apart from the point where you have to use your real money. Once you have gotten to a satisfactory level of comfort with the trading software, you can proceed to the next step and make a deposit.

  • Step 4 - Start Live Trades

Now, to the main business of the day. You can now click the “live trade” tab to start trading. Remember that the robot does the actual trading for you. You only need to set it to your preferred requirements. You can configure a number of things such as the amount of money that you plan to invest, earn, and leverage.

To access your bot, simply log in to your brokerage account at any time.

How to Delete Bitcoin Trader Account?

Just like signing up, deleting your Bitcoin Trader’s account is a straightforward procedure that takes seconds to complete. You can do so by going to the bot’s menu and follow the commands in the setting section to complete the process. Contact its support service for guidance if you find it challenging to delete your Bitcoin Trader account.

Alternatively, the Bitcoin Trader account can be deleted through a broker they are partnered with. However, this process makes you lose all details, including those attached to the broker. Therefore, ensure you understand how you want to proceed before beginning a procedure.

How to Withdraw Money From Bitcoin Trader?

Since Bitcoin Trader doesn't store your trading funds, withdrawals are made through brokers they are connected to. Below are the withdrawal procedures to note.

  1. Visit a broker’s website and log into your live trading account

  2. Go to your wallet where the cryptos are stored and select your preferred payment method

  3. Enter the amount of money you wish to withdraw based on a suitable fiat currency

  4. Click withdraw to start the process, which will be complete within 24 hours, depending on the payment method.

Most brokers integrated with Bitcoin Trader will not allow payouts using cryptocurrencies. This means you should convert the cryptos available in your digital wallet into a preferred fiat currency supported by the broker to effectively withdraw your funds.

Bitcoin Trader Celebrity/ Company Endorsements

There are many speculations online misleading readers into believing that celebrities and companies endorsed Bitcoin Trader. We did thorough research on these claims, and below is what we found out.

Is Andrew Forrest Related to Bitcoin Trader?

No. Andrew Forrest is an Australian businessman known to be the former CEO of Fortescue Metals Group. Forrest has an interest in the mining industry, and there is no proof linking him to Bitcoin Trader.

Is Bear Grylls Related to Bitcoin Trader?

No. Bear Grylls is a British adventurer, businessman, TV presenter, and writer. Unfortunately, Grylls is not related to Bitcoin Trader, nor is he an investor in the cryptocurrency market.

Is Bill Gates Related to Bitcoin Trader?

No. Bill Gates is an American business mogul, philanthropist, software developer, author, and investor. Based on our findings, Gates is not related to Bitcoin Trader, nor is he interested in investing in cryptocurrencies.

Is Martin Lewis Related to Bitcoin Trader?

No. Martin Lewis is an English journalist and broadcaster based in the United Kingdom. Rumors claiming he is related to Bitcoin Trader are false since we couldn't verify them based on our findings.

Is Prince Harry Related to Bitcoin Trader?

No. Besides being a British Prince, Harry is the Duke of Sussex and the sixth in line to the British throne. He isn't associated with Bitcoin Trader, and rumors saying otherwise are false and intended to promote cryptocurrency scams.

Is Richard Branson Related to Bitcoin Trader?

No. Richard Branson is a British Business mogul and investor. Unfortunately, Branson has no relation to Bitcoin Trader, and any rumor saying otherwise is false.

Bitcoin Trader In the News

Is Shark Tank Related to Bitcoin Trader?

No. Shark Tank is an American business reality TV series released in 2009. Since then, it has featured many episodes involving entrepreneurs pitching their business ideas to receive funding and partnership from top investors. Unfortunately, no episode on the Shark Tank Show has featured Bitcoin Trader.

Is Dragons Den Related to Bitcoin Trader?

No. Dragons Den is another business reality TV series featuring entrepreneurs seeking funding from top investors. The rumors regarding the show endorsing Bitcoin Trader are false since we couldn't verify them.

Note that there are more false endorsement rumors based on celebrities/companies, including Brandon Kelly, Tesla, This Morning, Carlos Slim, Flavio Briatore, Peter Jones, Elon Musk, John Mcafee, Gordon Ramsay, etc.

Other Bitcoin Trader Reviews & User Testimonials

To ensure that Bitcoin Trader is credible and reliable, consider analyzing user reviews and testimonials on platforms like Reddit and Trustpilot. Fortunately, we did all the legwork, and below are our findings.

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

There are plenty of reviews regarding Bitcoin Trader on the Reddit platform. Many users liked their experience with the robot and claimed that it is user-friendly and newbies do not need to worry about previous experience to use it. Additionally, Bitcoin Trader is cost-effective and has no trading fees or commissions on profits. Plus, the bot is customizable, thus accommodating all types of traders.

What Are The Top Bitcoin Trader Reviews on Trustpilot?

We also analyzed user reviews on Trustpilot, and the top testimonials claim that the robot is user-friendly, even for newbies. In addition, many users claim that it is fast when executing trades, and you do not need to monitor it all the time.

Overall, Bitcoin Trader is trustworthy, efficient, and has a claimed win rate is 85%. In this regard, you must strategize and monitor your activities to fully benefit from the bot.

What to Consider When Starting With Bitcoin Trader

Before you start trading with Bitcoin Trader, here are elements to consider.

  • Take the advice of your regulated and licensed broker to trade securely

  • Start with a minimum deposit and add the amount once confident with your activities

  • Withdraw your profits early to avoid misusing them as trading can be addictive

  • Check your account daily to ensure your positions are well monitored and data secured

  • Only invest what you can afford. You see, losses are inevitable, and you do not want to be emotionally traumatized when they occur.

Is There a Bitcoin Trader Alternative?

Yes, there are many more crypto robots available. If this Bitcoin Trader review is not useful for you because you don't want to use Bitcoin Trader, check out some of our other reviews:

Crypto RobotMinimum DepositRead our review
Bitcoin Prime$250Read our Bitcoin Prime review
YuanPay Group$250Read our YuanPay Group review
The News Spy$250Read our News Spy review

Bitcoin Trader. Scam or Legit?

Is Bitcoin Trader fake? No. Is Bitcoin Trader legit? Yes. Does Bitcoin Trader work? Yes.

Bitcoin Trader claims to be an automatic cryptocurrency trading software that reportedly combines a fast trading robot with the intelligence of trading signals.

Apart from this Bitcoin Trader review, if we compare it with other cryptocurrency robots in the industry, the trading software offers a limited number of cryptocurrency trade pairs. Although Bitcoin Trader has received mostly positive reviews on Bitcoin Trader Trustpilot and Bitcoin Trader Reddit threads due to its high success rate, which is claimed to be over 96%, we still deem it necessary to make your trading as safe as possible by doing your research before placing trade orders.

As the official Bitcoin Trader website claims, there is a huge potential for substantial profits, but it also goes along with a huge risk to your capital. We believe that from our Bitcoin Trader review, you would have found yourself in a better position to make a good decision on your cryptocurrency trades. Once ready, you can start trading with the Bitcoin Trader software now.

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FAQs

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

Amala Pillai

Amala is custom content and news editor based in London. She is a former financial journalist based in Singapore with 7 years of experience covering a range of business and financial topics. Now she focuses on crypto and macro-economics. She has also covered feature profiles, tech, business politics and ESG— she was the Environment Editor for the Solutions Newspaper, 2016 and worked in an editorial capacity at both News corp (Dow Jones) and JBN. She also has experience as a content creator, strategist and brand editor for various financial institutions and banks.