An Honest BitQT Review in 2022

What Is BitQT?

BitQT operates in the same way as most other automated trading services. The platform assigns brokers to its account holders and places trades on those brokerages reportedly using algorithms and APIs. BitQT monitors the crypto market and executes trades when conditions match your parameters (if you set them yourself). Users can also use a demo tool to develop a trading strategy.

BitQT is targeted at traders new to the market. The website talks about the risks and potential rewards from trading Bitcoin and also includes an FAQ to users may have about using a trading bot.

BitQT Overview

Pros and Cons of using BitQT

Who Is The BitQT Owner?

The idea to create BitQT was started by a team of traders who saw the need for automated strategies to maximize their profitability. The traders then teamed up with software developers to ensure BitQT features cutting-edge technology that will quickly provide you with data-driven insights for trading decisions. On top of that, the owners track the crypto market and update the robot based on new developments to ensure you never miss out on any potentially profitable opportunity.

Getting Started With BitQT

BitQT is powered by superior technology to maneuver the crypto market and pick on trends that could benefit your trade. The robot is user-friendly, and the account registration process is pretty straightforward. Here is a brief overview of the step-by-step procedures of how you will set up a trading account and trade using BitQT.

• Step 1: Create a Trading account.

• Step 2: Deposit funds (USD 250 minimum).

• Step 3: Activate BitQT and trade.

BitQT Markets, Assets, and Options

What Cryptocurrencies and Products Can You Trade Using BitQT?

Note that BitQT doesn't support other trading options besides the supported cryptocurrencies. Therefore, confirm the availability of your preferred crypto asset before using it to automate your trades. For traders diversifying their portfolios across various markets like stocks and forex, we advise you to consider other trading robots supporting these assets.

What Leverage Trading Options Are There?

BitQT works alongside different brokers allowing CFD trading with leverage. CFD trades mean you purchase a contract on the asset value rather than the asset itself.

Currently, BitQT does not offer any information regarding leverage trading options. However, many similar bots offer trading up to 1000x on your original stake. This may change depending on your assigned broker, but you could deposit $250 and be able to make trades up to $250,000.

Leveraged trading should be treated with extreme caution. This type of deal very rarely pays off, especially if you do not execute the trade yourself. Account-holders can lose a lot of money due to leveraged trading. Only try this method if you can afford to take a significant loss - there is no guarantee you’ll make any money.

What Are the Spreads?

We could not find any information regarding spreads on BitQT. However, every broker sets their own spreads. If you need to know more, speak to the broker. Bear in mind that spreads will fluctuate as the price of Bitcoin and other crypto moves up and down.

Fees, Limits, and Payment Options on BitQT

How Much Does BitQT Cost?

Remember, BitQT partners with brokers with varying fees, which you must consider before making a commitment. Some costs to expect with a broker partnering with this robot include minimum deposit requirement, transaction fees, inactivity charges, commissions/spreads, etc. Simply put, ensure a broker fits your budget for a worthwhile experience.

Besides having most of its services available free of charge, BitQT charges a 2% commission on profits earned using it. Remember that it also has deposit bonuses that you should always be on the lookout for to maximize your profitability. And if you are a newbie, consider starting on BitQT’s demo account to be fully prepared for the live market. It is also the best platform to test BitQT and ensure it meets your crypto trading needs.

What Are the Payment Methods Accepted By BitQT?

There is no information regarding payment methods. However, you should be able to use credit cards or debit cards to make a deposit. If you’d like to know more about payment options, you can contact BitQT through its contact form.

BitQT does not charge any deposit or withdrawal fees, though you may be charged by your credit card company.

Does BitQT Also Charge Fees and Commissions?

Expect to pay a 2% commission if you make any profits. BitQT only takes this commission when you make money.

BitQT Trade Sizes and Limits

BitQT has a minimum trade limit of $250; there is no maximum trade limit. These limits may change depending on your broker. Speak to your broker directly if you have any questions.

BitQT platform

How Does BitQT Work?

BitQT works by analyzing trading signals from the crypto market and making automated trades. The bot tries to make profits by reportedly using algorithms and APIs. Users can choose their own parameters or let the bot make all the decisions for them. Users should try the demo account until they understand how to use the platform.

What Devices Can I Use BitQT on?

BitQT says the platform is optimized for web browsers and mobile devices. You can access it through Chrome, Safari, Firefox, IE, and any other browser. However, you may experience some functionality issues in a mobile device as there is no native mobile app.

BitQT is available on the following devices:

• Laptops

• Computer

• Tablets

• iOS

• Android

What Exchanges and Brokers Does BitQT Partner With?

We could not find any information on the exchanges and brokers partnered with BitQT. Account-holders are paired with a random broker when they sign up. If you have any questions about your broker's status and reputation, contact them directly or look up some reviews.

Can I Use BitQT in My Country?

BitQT is available in numerous countries that allow CFD trading, including:

• UK

• Russia

• Germany

• Italy

However, BitQT is not available in certain locations, including China and the USA. Check your country’s laws to make sure crypto or CFD trading is legal.

Is BitQT Available in My Language?

BitQT is available in 11 languages. YOu can find a full list of language options from a dropdown menu in the top-right corner of the homepage. These languages include:

• English

• Spanish

• Dutch

• Swedish

How Easy Is It to use BitQT?

BitQT’s main selling point is that it makes crypto trading easy. As such, the bot does not offer too many tools to complicate the process. The interface is straightforward and sleek, especially on a computer or laptop. Account-holders can also change trading parameters with ease.

BitQT does offer charts to inform your decisions and better understand the market. However, the live trading feature means you do not need to use these charts if you want to trust the bot’s algorithms.

However, trading bots are one of the riskiest ways to execute trades and you are more likely to lose your money. These bots are wholly unreliable and you should focus on improving your trading knowledge before trusting an automated trading bot. If you do want to use BitQT, only trade what you can afford.

How Much Profit Can You Make Using BitQT?

BitQT doesn't guarantee profits for its automated services, but you can maximize your potential by being strategic and willing to monitor your trades from time to time. This is so that you can quickly identify trends that benefit your activities and make quick moves. Overall, some users claim to earn as much as USD 3000 a week as profits but that will depend on capital and experience.

The amount of profits you make with BitQT depends on the approach to your trading activities and how much you invest as capital. As a trader in cryptocurrency, note that the market is highly dynamic, and you must have a plan considering your potential earnings and tax deductions to the IRS, HMRC, or more. For tax compliance, confirm your country's tax regulations on cryptocurrency trading before using BitQT.

Key Features

BitQT has many key features. For example, there are simplified trading tools, a demo option, and unique alleged algorithms designed to place trades and potentially earn profits. Some of the top features include:

Streamlined Interface

BitQT offers a simplified interface that works well across several devices. Users do not need much experience when using BitQT as they can make trades automatically.

Market Analysis, Algorithms, and APIs

BitQT reportedly uses a selection of APIs and algorithms to make the best automated trades for account-holders. Alternatively, you can set parameters so the bot only trades when your conditions are met.

Demo Trading

Like many similar bots, BitQT has a demo trading feature. Users can utilize this demo account to practice trading before risking their deposited funds. If you need to develop your trading strategy, the demo account is a risk-free way to make mistakes.

Multiple Cryptocurrencies

While many traders believe that BitQT is tailored explicitly for Bitcoin trades, that is not the case. You can use it to automate other crypto trades on assets such as Ethereum, Bitcoin Cash, Litecoin, Ripple, etc. We advise you to confirm the availability of your preferred crypto asset before committing to this robot. Remember, all these cryptocurrencies are popular and some are highly volatile, thus giving you plenty of trading opportunities.

Security and Regulation

Is BitQT Legit?

While BitQT may seem legitimate on the surface thanks to a streamlined interface, the alarming number of seemingly fake reviews online suggest the site is less beneficial. As such, we do not recommend trusting BitQT to earn a profit.

However, BitQT does have disclaimers and warns about the risks of the cryptocurrency market on its homepage, highlighting the volatile nature of crypto assets. Keep in mind you are more likely to make a loss when using trading bots, especially if you do not have a comprehensive trading strategy or relevant experience.

Is BitQT Safe?

BitQT offers plenty of security assurances, including account verification, KYC protocols, and SSL encryption to keep your sensitive information safe.

However, we found it hard to verify whether any partnered brokers were safe. There is no regulation information and you cannot choose your broker beforehand. When assigned a broker, research their name and ensure they follow regulatory procedures in their jurisdiction; only conduct business with regulated brokers.

Are My Money and I Protected?

To clarify doubts, note that BitQT only partners with brokers regulated by the best authorities, such as the FCA, CySEC, etc. So, you are guaranteed your funds’ safety and the best trading platforms. Most importantly, BitQT is highly encrypted to protect your email and data. On top of that, it complies with the KYC verification procedures.

Is BitQT Regulated?

BitQT does not have any regulation information available. Certain brokers may follow regulations in the jurisdiction but this is not a given. Do your own research when paired with a broker and ensure they follow regulations.

Do I Have to Verify My Account With BitQT?

Of course. Account-holders need to provide their email, full name, and phone number during the registration process. You can only enjoy the website if you have verified your details.

In addition, you’ll be contacted by a representative who’ll ask you for KYC documentation. Once you pass the KYC questionnaire, you’ll need to pay the deposit. Then you can use the demo account and enable live trading.

How Does BitQT Work? Trading Strategies and Algorithms

The cryptocurrency market is highly dynamic, and BitQT helps you easily make the best trading decisions by quickly identifying trends that could help you succeed. The robot features cutting-edge strategies and algorithms to guarantee increased efficiency and streamlined traders. These include:

• Automated Trading Tools

• Arbitrage Trading

• News Trading

• Price Trend Analysis

Extra Information

Educational Resources

For more learning resources on cryptocurrency trading, check the brokers that are integrated with the app. Many have trading articles, guides, recorded videos, webinars, and seminars. You can also get more information to boost your skill level on blogs, podcasts, and Youtube channels.

Tools and Charting

When you pay your deposit, you can access different tools and charts to inform your trading strategy. The platform has real-time charts so you always know the value of popular crypto assets. Brokers also have CFD leveraged trading instruments to potentially increase profits, though you risk losing more money than you put in with leveraged trading.

Customer Support

BitQT has a customer support form on its homepage for traders without an account. When you sign up, you also have access to a representative who can guide you through any troubles or issues. Users can reach BitQT support by email.

Demo Account

If you are a beginner, you must conduct the necessary due diligence regarding a trading robot before using it. Fortunately, BitQT has a risk-free demo account funded with virtual funds. You can use the demo account to test the robot and gauge your skill level before diving into the live market with your hard-earned money.

How to Get Started With BitQT

If you want to create an account on BitQT, follow these steps

Step 1: Sign up for your account

Go to the BitQT website, find the registration form, and type in your details. You’ll need your email, full name, and phone number to get started.

Step 2: Complete your registration with the advisor

Once you have completed the above step, you need to finish the registration with an advisor. You’ll receive a phone call or email and have to provide KYC information and documentation.

Step 3: Add money to your broker wallet

When you complete the KYC questionnaire, you need to add money to your wallet. The minimum deposit is $250. Remember, this is held by the broker rather than the trading bot.

Step 4: Use the demo account until you are comfortable

If this is your first time trading assets, use the demo account until you know what you are doing on the platform - you’ll lose less money if you are comfortable with BitQT before you start trading real funds.

Step 5: Enable live trading

Once you know how to use this trading bot properly, enable live trading, set parameters, and make your first trade.

How to Delete BitQT Account?

Many traders sign up for memberships with BitQT without confirming whether it suits their needs. As a result, they end up considering other options, which we also recommend on this page. If you want to delete your BitQT account, you can do so via its platform by accessing the settings section.

Alternatively, you can delete the account through the broker it is connected with. However, deleting your account through a broker’s platform means losing your data on trades etc. In this regard, consider contacting BitQT’s customer service to notify them about your intention to have your trading account deleted.

How to Withdraw Money From BitQT?

Since BitQT is not responsible for storing traders’ funds, many wonder how they can withdraw their earnings with the robot. The process is easy since you simply need to log into your account with the broker it is connected with to make the withdrawal. Here are the proper procedures to follow.

The brokers connected with BitQT only make payouts using fiat currencies and not crypto assets. Therefore, you must convert your assets into your preferred supported fiat before initiating the withdrawal process.

BitQT Celebrity/ Company Endorsements

BitQT is one of the most popular trading robots with excellent testimonials from users globally. While it has gained many supporters, it also has detractors claiming its popularity is solely based on celebrity/company endorsements. We did our investigations on the ongoing speculations, and here is what we believe.

Is Alejandro Bulgheroni Related to BitQT?

No. Alejandro Pedro Bulgheroni is an Argentine billionaire businessman with more interest in the oil and gas industry. Although rumors claim he endorsed BitQT, there is no proof online indicating that he is related to the robot.

Is Donald Trump Related to BitQT?

No. Donald Trump was the 45th US president, media personality, and business magnate. Trump said in 2021 that Bitcoin “seemed like a scam” and he would not be related to this product.

Is Fernando Alonso Related to BitQT?

No. Fernando Alonso is a Spanish racing driver who won the Formula 1 championship in 2005 and 2006. Alonso is not associated with the crypto market and has never recommended the robot to cryptocurrency traders.

Is Goldman Sachs Related to BitQT?

No. Goldman Sachs is an investment banking company headquartered in New York, United States. Having participated in multiple cryptocurrency businesses and invested in various tech products, BitQT is not one of them, making the rumors untrue.

Is Martin Lewis Related to BitQT?

No. Martin Lewis is a media personality featured on various media platforms. Unfortunately, there is no connection between him and BitQT.

Is Gordon Ramsay Related to BitQT?

No. Gordon Ramsay is a British celebrity chef featured on many cooking shows such as Hell’s Kitchen. Ramsay has no interest in the cryptocurrency market and has never mentioned this robot on any TV show that he made an appearance on.

BitQT In the News

We also discovered that BitQT is rumored to be related to various news channels and TV shows. Here is what we found out regarding these speculations.

Is This Morning Related to BitQT?

No. This Morning is a British television program focussing on various genres, including entertainment, lifestyle, beauty, cooking tips, etc. We analyzed all the shows’ episodes but couldn't find any related to BitQT.

Is Dragons Den Related to BitQT?

No. The Dragons Den is a British TV reality series that helps upcoming entrepreneurs meet and hopefully receive funding from top investors. The entrepreneurs pitch their business ideas to investors, who consider funding them based on their growth potential. There is no episode on the Dragons Den featuring BitQT, leaving us to believe that the ongoing rumors are false.

Other BitQT Reviews & User Testimonials

While it is essential to conduct your research regarding a robot’s credibility, it is equally important to consider how other users review BitQT. Here are our findings regarding their testimonials on popular platforms.

What Are The Top BitQT Reviews on Forums and Reddit?

Top reviews on Reddit are positive, and users highly recommend the robot for its excellent features and user-friendly platform. In addition, they also commend it for having lightning speed when executing trades and being safe for their trades.

What Are The Top BitQT Reviews on Trustpilot?

To clear all doubts, we also sampled and analyzed some of their reviews on Trustpilot. Like Reddit, most users love their experience with the robot. They also believe it is a cost-effective robot since it offers its services for free. And the fact that it is 0.01 seconds ahead of the market allows traders to easily focus on strategy and skills development.

Is there a BitQT Alternative?

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

Final Thoughts on BitQT

BitQT lets many users implement their own trading ideas via a simplified interface. However, you may not trust BitQT’s legitimacy, particularly when there are plenty of fabricated positive reviews online. While the homepage does not make any promises and warns about the market’s volatility, trading bots are so unreliable and cannot be trusted as a guaranteed money-maker.

Do not expect to make money through BitQT, you are highly likely to lose your deposit and more funds, especially if you do not have much experience trading crypto.

We recommend choosing an alternative platform and learning trading strategies before you risk your money. Read articles, insights, and practice on demo accounts until you are confident using a broker and never trust a bot to make trades on your behalf.