Bitcoin Loophole review is one of the most searched for terms in the cryptocurrency industry. Why is that? Well, it’s because Bitcoin Loophole is considered by many one of the most well-known automated trading bots and it allegedly helps users make up to $1k in daily profits from a deposit as low as $250. The robot claims to achieve this by applying high-frequency techniques to speculate on crypto. But is Bitcoin Loophole legit or is it a scam? And can you make such profits trading with it?
In this Bitcoin Loophole review, we will explain how this software works and uncover strategies you can use to make the claimed profits with the robot.
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What is Bitcoin Loophole?
Bitcoin Loophole is a very popular automatic trading software, created by Steve McKay who is an early Bitcoin investor. The main feature of Bitcoin Loophole is how smooth and user friendly the platform is, which makes any user -regardless of their experience- able to experience the full experience of trading with Bitcoin and other cryptocurrencies.
Many users of Bitcoin Loophole have claimed to make a lot of profit within the first weeks of using the robot, and they are happy to give testimonials on the Bitcoin Loophole’s software, and share their stories of success.
Also read about the best Bitcoin and cryptocurrencies in 2020
Is Bitcoin Loophole a scam or not?
Now, this is probably the question that brought you into this article in the first place. There’s been claims on Bitcoin Loophole being a scam all over the internet, including videos and social media. In this case, however, you need to know something. Bitcoin and cryptocurrencies are a complex asset, and there’s a lot of volatility in the market. To give you an idea, the stock markets and Forex markets usually close everyday on the weekends and re-opens on Mondays through Friday. With Bitcoin, there’s no such thing as the market is fully operational everyday, 24 hours per day.
What does this mean? It means that Bitcoin has the power to gain over 10% of value within a few hours. The results on the trades usually depend on the signals being emitted from the market trends and being translated in the trades performed by Bitcoin Loophole. Bitcoin is still highly volatile, but remember that higher risks provide higher rewards.
Here are the best 3 forex traders for beginners
A day in the Bitcoin Loophole office
The way Bitcoin Loophole works is by receiving the signals emitted from the market trends, and using those signals to place small and allegedly successful trades on behalf of their users. Bitcoin Loophole is offered for free to their users as a deal made between the founder Steve McKay, and the brokers who offer the software. Once you create an account with Bitcoin Loophole, you will then be assigned a broker automatically.
Let’s put it this way, everything seems to indicate that Bitcoin Loophole is a software that can operate in its full extent by a deal made between the brokers and the founder, and therefore can be provided used as a free software that trades on your behalf. Take a look below as we explain how to open an account in few simple steps:
Creating an account on Bitcoin Loophole
Step 1: Registration
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The first step in creating your account with Bitcoin Loophole is about filling out a form in their homepage, which must contain your full name, e-mail, contact number and a password. After you’ve registered and created an account you will be assigned and connected with a broker and you will be able to move on to the next step.
Step 2: Demo account
This step is not mandatory but it’s definitely recommended. In order to avoid risking your capital or having any losses, the demo account is a way to experiment and have your first contact with the platform and perform trades without actually using your real investment. Once you’ve familiarised yourself with the platform, then it’s time to go into the live mode.
Step 3: Deposit
Once you are finished with the demo account, you are now ready to start trading with the live account. Bitcoin Loophole is free to use, but to use it with the brokers in the platform you need to make an initial investment.
The minimum deposit is of $250, which is a decent amount to begin with for a first time trial or experience. The brokers usually accept many payment methods such as Debit and Credit cards, Neteller, Skrill and sometimes even Bitcoin.
Step 4: Live trading
Once you’re ready to start trading with Bitcoin Loophole, then you select the option that says auto trade “ON”. The robot should be pre-set with the recommended settings of the day, and ready to start performing the trades.
One of the good things about Bitcoin Loophole is that you will be able to see the history of closed and made transactions.
We do not recommend leaving the robot on 24h per day, as there’s a lot of fluctuation in the crypto market. You should start slow, with around 30 minutes – 1 hour per day.
Key Features of Bitcoin Loophole
We have collated below the best features we could observe once we reviewed Bitcoin Loophole:
Many Cryptocurrencies: With Bitcoin Loophole you can select different pairs to trade with. You are not limited to BTCUSD, but you can also trade other altcoins and trading pairs available with the broker.
Effortless: It requires little to no effort to get started with Bitcoin Loophole. Simply register an account, deposit $250 to begin with and turn the robot on. You can have Bitcoin Loophole up and running within 10-20 minutes.
Quick Withdrawals: The withdrawals are usually processed within 24h-48h, which is a very quick time-frame. If you consider exchanges like Coinbase, the usual withdrawal time is of 1 week or more.
Safe and friendly verification system: The verification process is quick. You just need to submit a photo ID and an utility bill to withdraw your profit. This is a common practice with any financial institution due to the KYC (Know Your Client) process.
Efficient and safe brokers: The brokers in the platform are regulated and compliant with the regulatory offices, according to country they are situated. Most of the brokers also have an “education hub”, where you can learn more about trading and different strategies.
Let’s compare Bitcoin Loophole with the rest of the trading robots:
Advantages of Bitcoin Loophole
For all types of users: It doesn’t matter if you’re very experienced or have close to zero experience. Bitcoin Loophole is recommended for everyone who wants to trade with Bitcoin and cryptocurrencies.
Reportedly a consistent profitability: with over 80% claimed rate of performing successful operations according to the site, Bitcoin Loophole offers you the opportunity to perform several successful trades at the same time. With the minimum deposit being $250, out of 10 different transactions, you will allegedly have the probability of being successful in at least 8 of them.
Dedicated customer service: Bitcoin Loophole provides exceptional customer service. 24/7 dedicated team to assist anyone. Not only that, but you can always contact the brokers for additional help.
Information at the service of the user: Besides the option of the demo account to familiarize you with the platform, it also offers tutorials to educate users and help them to learn about the world of cryptocurrency trading.
How to use Bitcoin Loophole?
Bitcoin Loophole software trades automatically and is free to use. Follow our tips and advice below to reduce the risks of loss. Also remember that all trading carries risk.
Here’s some advice to reduce the risk of loss:
Use the Demo account: Familiarize yourself with Bitcoin Loophole and the trading functionalities before committing into the live mode.
Take advantage of the information: The brokers usually offer an education hub and trading content in their websites. Make sure you educate yourself and learn the most you can about Bitcoin.
Start with a moderate investment: For first time investors, we recommend investing no more than $250 until you feel like you trust the robot enough. Remember that despite that claimed % success rate, Bitcoin and cryptocurrencies represent a highly volatile market that can change drastically when you least expect it.
Has Bitcoin Loophole been on TV?
It’s been said that Bitcoin Loophole has made an appearance on many TV shows. You can find out a bit more information below regarding that:
Bitcoin Loophole seems to be one of the best trading platforms available up to date. It’s been said that Bitcoin Loophole was shown in an episode of Dragon’s Den, but the images circulating the internet seem to be fake. We’ve tried to look for the episode on Youtube, but never found anything.
Shark Tank is the US version of Dragon’s Den. Bitcoin Loophole has also never been on Shark Tank, and Steve McKay, the creator of Bitcoin Loophole has never received any investment from one of the “Sharks”. The images you see online are probably fake.
Is Bitcoin Loophole endorsed by Celebrities?
It’s no secret that many celebrities have been investing in the Fintech and Crypto space. A few names? Ashton Kutcher and Gwyneth Paltrow, but has any celebrity invested in Bitcoin Loophole? Find out below:
The Mega-entrepreneur and TV star, the Irish Dragon Sir Peter Jones has been said to endorse Bitcoin Loophole. This has been clarified by the Dragon himself saying that it’s all part of a scam, and that he has never invested in any cryptocurrency, let alone a bitcoin trading software.
Elon musk has been said to invest in Bitcoin, cryptocurrencies and even has been said to be the genius mind behind Bitcoin itself. Truth be told is that Elon musk hasn’t invested in Bitcoin or even invested in Bitcoin Loophole. He has openly spoken about his interest in cryptocurrency, but he’s never invested in anything in this niche.
Bitcoin Loophole Review :The Verdict!
We can confirm that Bitcoin Loophole appears a real robot that is free to use. However, Bitcoin Loophole is not without risk. We recommend that you trade with an amount you can afford to lose.
What is Bitcoin Loophole?
Bitcoin Loophole is a well-known trading software that claims to generate huge profits by trading bitcoin and cryptocurrencies automatically.
Is Bitcoin Loophole scam or legit?
After careful analysis, we conclude that Bitcoin Loophole appears legit as it is completely free to use. Its software is easy to use and many users report daily profits of up to $1,000 per day.
How much can I earn with Bitcoin Loophole?
Most investors report profits between $200-$500 per day.
Has Bitcoin Loophole appeared on Shark Tank?
No, Bitcoin Loophole Shark Tank endorsement is simply a rumor. However, this software is legit and real.