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An Honest BitProfit Review in 2023

Last updated 17th Jan 2023
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BitProfit is a relatively new trading robot trending on various social media platforms because of its increasing popularity. We decided to review this robot to ensure you fully understand BitProfit features and whether it is legit or a scam. Note that BitProfit prides itself on applying cutting-edge strategies and algorithms in managing crypto trades on behalf of its users. So, is the robot worth using in 2022? Let’s find out below.

What Is BitProfit?

BitProfit is a computer program tailored to automate trading Bitcoin and altcoins. It is a Bitcoin trading platform designed to streamline the entire trading process. It is AI algorithms-powered and reportedly applies advanced algorithms and trading signals to conduct market research and automatically execute trades on behalf of its users. You can access BitProfit via any browser-powered device.

BitProfit is easy to use, and any trader can earn more money through its system. However, the bot has a minimum deposit requirement of $250, which you must fulfill to access its unique cryptocurrency trading automation features. While it doesn't guarantee successful trades, BitProfit prides itself on having a high win rate, and you can earn up to 60% of your investment capital as profits.

BitProfit Overview

🤖 Robot Type:Bitcoin Robot
💸 Minimum Deposit:$250
✅ Is It a Scam or Legit?Legit
🚀 Claimed Win Rate:Unverified
💰 Trading Fees:2% commission on profits only
💰 Account Fees:None
💰 Deposit/Withdrawal Fees:None
💰 Software cost:$0
⌛ Withdrawal Timeframe:Up to 24 hours
#️⃣ Number of Supported Cryptocurrencies14+
💱 Supported Cryptocurrencies:BTC, ETH, BCH, XRP, and more
💲 Supported Fiats:USD, EUR, AUD, CAD, and more
📊 Leverage:5000:1
📱 Native Mobile App:No
🖥️ Free Demo Account:Yes
🎧 Customer Support:Yes
✅ Verification required:KYC
🔁 Automated Trading:Yes
📈 CFD AvailableYes

BitProfit Pros and Cons

Pros

Supports Bitcoin and numerous altcoins, including ETH, LTC, BCH, and more
Guaranteed high return on investment
No previous experience in cryptocurrency needed to use BitProfit
Partners with reputable crypto brokers in the industry
Quick withdrawals

Cons

Unverified claimed win rate
No native mobile app

Who is the BitProfit Owner?

Although there is limited information regarding the founding team of BitProfit owner, the robot is reportedly developed by a team consisting of experienced crypto traders and trading software developers with diverse experience. They have pooled their ideas and resources to build a bot that can crawl through the diverse market and help traders in making profitable orders.

The owners constantly monitor the bot’s performance and update it based on the current stock market conditions to ensure it remains reliable and efficient. However, crypto traders are warned not to wholly rely on the robot since it doesn’t guarantee successful trades. With the volatile market, there is always a risk of losing money if you are not strategic and keen.

Getting Started with BitProfit

BitProfit is easy to use and highly recommended for all traders, including newbies with no experience in the cryptocurrency market. Below is a brief overview on start trading with the robot with more comprehensive discussion later in this guide.

  1. Click on any of the links shared on this page to quickly access BitProfit and register for a trading account

  2. Deposit your funds not less than $250 per the bot’s requirements

  3. Start live trading

BitProfit Markets, Assets, and Options

What Cryptocurrencies And Products Can You Trade Using BitProfit?

BitProfit supports a wide array of cryptocurrencies to choose from, including but not limited to;

  • Bitcoin

  • Ethereum

  • Litecoin

  • Bitcoin Cash

  • ZCash

  • Bitcoin Gold

  • Ripple

  • Other altcoins

BitProfit is specifically tailored to manage cryptocurrency trades and not other market assets like forex and stocks. Fortunately, it is easy for newbies and hosts an adequate number of crypto assets for portfolio diversification.

What Leverage Trading Options Are There?

We couldn’t find any detailed information regarding BitProfi’s leverage on its official website. However, many users state that you can access leverage of up to 5000:1 depending on the coin you’re trading and the affiliated broker.

While leveraged trading can maximize your profitability, it carries increased risks and should only be done by traders who understand its implications. This is because leveraged trading can also bring about massive losses, thus leaving you in debt.

Potential traders should be aware that BitProfit’s past performance does not necessarily predict future results. Therefore, only trade leveraged CFDs with capital you can afford to lose.

What Are The Spreads?

There is no information on BitProfit’s website regarding its spreads. However, the robot offers most of its services for free, and the only fee you should expect is the 2% commission on profits earned. It is important to confirm its integrated brokers’ charges to ensure you trade under budget.

Fees, Limits, and Payment Options On BitProfit

How Much Does BitProfit Cost?

BitProfit requires you to deposit at least $250 to start using it. In addition, you will incur a 2% commission on profits. There are no transaction, subscription, or inactivity fees with this robot, thus attracting low-budget traders. The robot is transparent, and you will be able to access all information regarding its fees and costs from its official website.

Unlike many crypto robots, BitProfit doesn’t have bonuses, but this shouldn’t be a determining factor on whether to use it. Since it is still new in the market, we are hopeful that it will include bonuses in the future. Therefore, be on the lookout to never miss out on opportunities to maximize your experience.

Luckily, BitProfit has a demo account to test it out before trading the live market. You should also confirm the charges of the brokers it partners with and ensure they fit your budget.

💸 Minimum Deposit:$250
💰 Trading Fees:2% commission on profits
💰 Account Fees:None
💰 Deposit/Withdrawal Fees:None
💰 Software cost:None
💰 Subscription cost:None

What Are The Payment Methods Accepted By BitProfit?

BitProfit supports various payment methods that are flexible and simplify your trading activities. Transacting on this bot is free, but expect to pay a small commission on profits you earn with BitProfit. Here are the payment methods accepted by BitProfit.

  • Debit/Credit Cards

  • Bank Transfers

  • PayPal

  • Neteller

  • Cryptocurrencies

Transacting using the above payment options is quick, and you will complete a transaction within 24 hours.

Does BitProfit Also Charge Fees And Commissions?

Yes. BitProfit charges a 2% commission on profits you make in a trade using its automated features. There are no other charges to incur with this robot. However, you must make a deposit of at least $250 to use it.

BitProfit Trade Sizes And Limits

BitProfit has a minimum deposit limit of $250, while upper limits depend on the brokers the bot is affiliated with. Withdrawals are also not limited, although you will make them via the brokers connected with BitProfit. Since the bot supports numerous cryptocurrencies, expect bigger trade sizes because there is no limit on how much you can invest.

BitProfit Trading Platform

How Does BitProfit Work?

BitProfit deploys AI-driven systems and trading signals from trading platforms to track the crypto market and identify potentially profitable trends. The bot also makes use of advanced HFT trading methodology (Including scalping) to bet on the volatility of Bitcoin.

BitProfit connects to highly reputable brokers where it sends signals through an API to have your trades executed. The best factor about this aspect is that it enables manual trading for its users, whereby you get to manage your own positions if need be. So far, the bot has a claimed win rate of 80%, making it more efficient than humans. You can test it via its demo account before making a commitment.

What Devices Can I Use BitProfit On?

To use this trading platform, you need a web-enabled device. Sadly, the robot does not have a native mobile app to install on mobile device. So, if you have a browser-enabled device, you can access BitProfit and automate your crypto traders. These devices include;

  • Desktops and laptops

  • Android and iOS smartphones

  • Tablets

Ensure your device is an updated version, and you have access to a fast and stable internet connection. This way, you never miss out on opportunities in this highly dynamic cryptocurrency market.

Can I Use BitProfit in My Country?

BitProfit is a relatively new crypto robot, and most traders wonder whether it is accepted in their countries. Below is our comprehensive list of a few countries where BitProfit is accessible.

CountryIs BitProfit Available?
United KingdomYes
CanadaYes
AustraliaYes
USANo
AfricaYes
New ZealandYes
PhilippinesYes
United Arab EmiratesYes
SingaporeYes
FranceYes
SpainYes
ItalyYes
GermanyYes
NigeriaYes
MexicoYes

Is BitProfit Available in My Language?

Based on the information on its website, BitProfit doesn’t support as many languages as its peers. Below is the list of the languages you can use on the trading platform.

  • English

  • French

  • Spanish

  • Dutch

  • Italian

  • Portuguese

  • Swedish

  • Norwegian

  • Finnish

  • Danish

How Easy is it to Use BitProfit?

BitProfit has an intuitive automated trading platform. Plus, the bot has a simple layout that catches your attention. All you need is a few clicks to navigate around trading platform with all the features that are easy to access. The robot runs on both manual and autopilot mode.

Remember that when it comes to high-leverage trading, it should only be done by experienced traders since using it doesn’t guarantee successful trades on trading platforms.

How Much Profit Can You Make Using BitProfit?

Although BitProfit is easy to use, it doesn’t guarantee successful trades. Your success will fully depend on your knowledge of the cryptocurrency market and your ability to strategize. Also, you need to spare a few minutes from your daily schedule to track your trades since the robot might miss out on potentially profitable trends.

Using the BitProfit isn't just about setting it up and waiting for profits to stream in. To potentially make profits, you must dedicate your time to the activity by researching the financial markets and developing trading strategy. Also, note that you must report your earnings to your tax authorities, whether IRS, HMRC, or more. Simply confirm your country's tax regulations on cryptocurrency trading before using BitProfit. Information on the bot’s website indicates that if a trader dedicatedly monitors and improves his/her trading strategies, then the bot can yield up to 60% returns on initial investment capital.

Key Features of BitProfit

Like other crypto robots referenced on this page, BitProfit has some of the best features that make it a viable option for most traders. These include;

  1. User-Friendly trading Platform

Setting up BitProfit is a straightforward process that only consumes a few minutes. The bot is also user-friendly, whether when making deposits, withdrawals, or activating it. Simply ensure you have a browser-enabled device to access trading platforms since it has no native app.

  1. Excellent Algorithms

BitProfit reportedly use cutting-edge AI technology to automate your trades. Its excellent algorithms identify potentially profitable opportunities making it reliable. Also, the bot is known to be 0.01 seconds ahead of the market, thus increasing your chances of executing successful trades.

  1. Demo Account

Because of its $250 minimum deposit requirement and commission charge on profits, BitProfit offers a risk-free demo account. The account is loaded with virtual funds for traders to test it out with and gauge their skill level before trading the live market. BitProfit demo account has no usage limit, meaning you can use it for as long as you want. However, you must make the required minimum deposit to access it.

  1. Multiple Cryptocurrencies

BitProfit supports numerous crypto assets, which you will have access to once you register for an account with the robot. We consider it an excellent option for cryptocurrency traders with diversified cryptocurrency portfolios. Simply ensure your preferred assets are supported for maximum experience.

Trading With BitProfit: Security and Regulation

Is BitProfit Legit?

Yes. BitProfit has proven legit by partnering with highly reputable brokers regulated by top authorities like FCA and CySEC. The bot is also legal in countries supporting cryptocurrency trading, and so far, many users have left excellent testimonials regarding their experiences with the bot. You can check out a few of the testimonials on the bot’s website, Reddit and Trustpilot.

Is BitProfit Safe?

Yes. BitProfit is safe to use since it is dependent upon regulated brokers while also adhering to the GDPR and KYC stringent policies to secure your data and email from breach..

Am I and My Money Protected?

BitProfit doesn't have a digital wallet but secures your funds with highly reputable brokers. Therefore, you will use brokers’ trading platforms for making deposits and withdrawals. To ensure your money is protected, do not settle for a broker that is not regulated by world-renowned authorities like CySEC and FCA.

Is BitProfit Regulated?

No. BitProfit is not regulated, which is one of the reasons it partners with reputable brokers to ensure you trust it. When selecting the brokers, confirm whether their features and security meet your trading needs.

Do I Have to Verify My Account With BitProfit?

Yes. Verification is paramount with BitProfi since it adheres to strict KYC protocols. Verification procedures are conducted vias phone and email, so ensure you provide accurate information when signing up.

How Does BitProfit Work? Trading Strategies And Algorithms

BitProfit reportedly makes use of AI algorithms that automatically identify profitable trends and then executes trades on traders’ behalf. Here are the trading strategies and algorithms said to be featured on this robot.

  • Arbitrage Trading

  • Automated Trading

  • Historical Price Analysis Tool

  • News Trading

Extra Information About BitProfit

Educational Resources

BitProfit has limited learning resources compared to other crypto robots. However, the bot cooperates with reputable brokers hosting a wide range of cryptocurrency learning resources, including articles, guides, ebooks, webinars, recorded videos, etc. You can also access learning materials from third-party website blogs, YouTube channels, and podcasts.

Trading Tools and Charting

An API connects the BitProfit robot to its partner brokers’ accounts, where trading signals are relayed and trades are executed. Traders can open long and short positions with the trading tools on the broker’s trading platform. Users do not need any trading expertise to use this trading platform because the trading system uses a variety of free crypto trading tool and charts to automate trading platforms.

Customer Support

Based on our analysis, BitProfit has responsive and reliable customer support operating 24/7. You can reach the customer support service via phone and email once you register for an account.

BitProfit Customer SupportDetails
BitProfit support emailAvailable upon registration
BitProfit support contact numberAvailable upon registration
BitProfit live chat optionNot available
BitProfit other support optionsOnline form

Demo Account

As mentioned earlier, BitProfit offers a demo account loaded with virtual funds for testing it before using real money in the live market. You should take advantage of this account to also sharpen your trading skills and develop more familiarity with using the robot. Remember, you must make the required minimum deposit of $250 to access the BitProfit demo account.

How to Get Started With BitProfit

There are five easy ways to get started with BitProfit, including;

  1. Account Registration

To join the BitProfit community, click on any of the links we share on this page to access the bot’s website and fill out the form provides. The bot requires you to fill in your name, email, and phone number. You should also create a username and password to secure your account from unauthorized access.

  1. Account Verification

The next step is to verify your personal identity details by sharing a copy of your original identity card and receiving a phone call from one of the bot’s agents. Also known as the KYC verification procedure, it will take only a few minutes for the process to complete and have your account fully activated.

  1. Deposit Funds

BitProfit has a minimum deposit requirement of $250, which you can make using various payment options such as debit/credit cards, e-wallets, and bank transfers. Remember, the bot doesn’t charge a fee for deposits.

  1. Try Demo Account

If you are a beginner with zero experience in cryptocurrency, start testing the bot on its demo account to avoid risking real money. The bot’s demo account is risk-free and loaded with virtual funds to help you understand how the live market works.

  1. Start Live Trading

Once you find BitProfit worth trading with, you can set it up based on your skill level to manage your positions. Always stick to the minimum deposit as your capital and see how your trades turn out. Furthermore, activate stop-loss orders and analyze the financial markets to create the best particular trading strategy.

How to Delete a BitProfit Account?

You can easily delete your BitProfit account through the BitProfit website or via a broker it is connected with. Remember, deleting your account via the broker will ultimately sign you out, and you will lose everything. So, ensure you withdraw any pending earnings and close open trades before initiating the process. Alternatively, contact the broker’s or BitProfit’s support service for guidance.

How to Withdraw Money From BitProfit?

BitProfit doesn’t have an in-built digital wallet, and all traders’ funds are accessible via the brokers they partner with. Below is a step-by-step procedure for withdrawing your money from BitProfit integrated brokers.

  1. Using your username and password, log in to your trading account with the broker.

  2. Go to your wallet and click withdraw funds to initiate the process

  3. Select a suitable payment method from the list of supported options

  4. Enter the amount you wish to withdraw in your preferred fiat currency

  5. Click continue to complete the process. Depending on the payment method, you should have your money deposited in your preferred account within 24 hours.

Note that the brokers partnering with BitProfit conducts payouts in fiat currencies. That is why it is essential to convert your assets into fiats before making a withdrawal.

BitProfit Celebrity/Company Endorsements

BitProfit is a relatively new crypto robot in the financial market, thus attracting many traders and researchers wondering whether it is legit or a scam. The robot is rumored to have become one of the topics among celebrity/company endorsements so we did our research to investigate if these rumors are true or not. Here are our findings:

Is Martin Lewis Related to BitProfit?

No. Martin Lewis is an English journalist and TV personality. He is also the MoneySavingExpert.com website founder but later sold it to the Moneysupermarket.com group for £87 million. Based on our investigation, there is no information indicating Martin Lewis is related to BitProfit.

Is Elon Musk Related to BitProfit?

No. Elon Musk is a prominent American businessman and the CEO of Tesla and SpaceX. Elon Musk invests in Bitcoin and Dogecoin but is not connected with BitProfit.

Is Amazon Related to BitProfit?

No. Amazon is an American-based multinational technology company founded by Jeff Bezos. Amazon focuses on cloud computing, artificial intelligence, and e-commerce. The company does not invest in the crypto market and is not related to BitProfit.

Is Richard Branson Related to BitProfit?

No. Richard Branson is a British business mogul and the founder of Virgin Group. Unfortunately, any rumors linking Branson to BitProfit are false since we couldn't find information proving he is related to the robot.

BitProfit In the News

Is This Morning Show Related to BitProfit?

No. This Morning show features many episodes, but no one has featured BitProfitbased on our findings.

Is CNN Related to BitProfit?

No. CNN is one of the top media platforms accessible to a diverse group of people globally. There is no proof that BitProfit was endorsed by CNN, leaving all the rumors untrue.

Other BitProfit Reviews & User Testimonials

BitProfit continues to receive high consumer ratings on various platforms like Reddit and Trustpilot. Note that the bot is still new in the market, and we only sampled a few of the testimonials we could get about trading platforms.

What Are The Top BitProfit Reviews on Forums and Reddit?

The users have not submitted any reviews about BirProfit on Reddit but we found some positive reviews on other websites and forums where the users have praised the trading platform over other automated trading platforms out there. The positive reviews can be traced back to excellent features of BitProfit including a revolutionary trading algorithm. Some users also compliment it for being user-friendly and fast.

What Are The Top BitProfit Reviews on Trustpilot?

The users have not submitted any reviews about BitProfit on Trustpilot but we found some positive reviews on other websites and forums where the low-budget traders boast of getting a chance to automate their activities, though a few claim its minimum deposit requirement is relatively high. The positive reviews are based on BitProfit’s excellent features and bonuses that many traders get to enjoy every week.

What to Consider When Starting With BitProfit

It is crucial for newbies in cryptocurrency to prepare themselves fully and understand some of the significant elements that come with using BitProfit. Here are what to consider when start trading with BitProfit

  • BitProfit is partnered with highly reputable brokers. Therefore, you should take advice from the brokers before getting started.

  • The crypto market is highly volatile, and using this trading platform doesn’t guarantee successful trades. Therefore, start trading with the required minimum deposit and increase the capital once you are confident in your trading skills.

  • Trading can be addictive, making you open positions at the wrong time. To avoid such mistakes, always withdraw your earnings early.

  • BitProfit is not regulated, and you should constantly monitor it for suspicious activities. Also, track its performance for increased efficiency

  • With the risk to lose money trading with this trading platform, always invest with what you can afford to lose.

Is There a BitProfit Alternative?

Yes. While we recommend BitProfit for your cryptocurrency trade automation, we also list other highly-rated bots. You can choose from our list on this page in case BitProfit doesn’t suit your crypto trading requirements. Below are three examples to consider.

Crypto RobotMinimum DepositRead our review
1K Daily Profit$250Read 1K Daily Profit Review
Bitcoin Era$250Read Bitcoin Era Review
BitIQ$250Read BitIQ Review

BitProfit Review: Final Thoughts

BitProfit is a viable option for traders looking for a reliable and efficient crypto trading automation trading software. We’ve highlighted all its features and user testimonials in our comprehensive guide above. Hopefully, you have cleared all doubts regarding its legitimacy and are ready to start automating your cryptocurrency trades. Simply ensure it meets your cryptocurrency trading requirements.

Based on our extensive research and investigation on BitProfit, expert traders agree that it helps them earn impressive returns. However, success is not guaranteed with BitProfit. Therefore, analyze the crypto market to develop solid strategies. Most importantly, always track its performance to ensure it’s effectively managing your positions.

FAQs

Do I Need Any Crypto Trading Skills to start trading With this trading platform?
Are There Any Risks of Using BitProfit?
Does Elon Musk or Any Corporations (Like Tesla) Use BitProfit?
BitProfit Celebrity and Media Endorsements, Is It All True?
My BitProfit Account Is Frozen, What Can I Do?
How Much Profit Can I Make With BitProfit?
Are There Any Hidden Fees With Bitprofit?
What to Do if You Lose Money With BitProfit?
How to Stop Receiving BitProfitSpam Emails?
Is BitProfit a Scam and a Pyramid Scheme?
Can BitProfitBe Trusted?
What Are Crypto Robots?
Danny Maiorca

Danny Maiorca

Danny ist ein Autor und Redakteur mit mehr als 6 Jahren Erfahrung. Nachdem er ursprünglich in Londons boomendem Fintech-Sektor gearbeitet hatte, entschied er sich dafür, Freelancer zu werden. Ursprünglich stammt Danny aus Großbritannien, lebt jetzt aber in Dänemark.