Is Bitcoin Profit legit or a scam? These words are some of the most searched on the internet, and for a good reason. Bitcoin Profit is an automated trading tool said to be able to earn up to $1500 per day from a deposit of $250 by trading bitcoin and other cryptocurrencies.
But is it too good to be true? In this Bitcoin Profit review, we look at how this bot claims to maintain such high profitability. We will also provide tips to help use Bitcoin Profit. Keep reading or visit their website now by clicking the link below.
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What is Bitcoin Profit?
Bitcoin Profit is a bitcoin robot that was invented with a complex algorithm to decipher the signals emitted by the trends on bitcoin and other cryptocurrencies. Its creator is John Mayers, an entrepreneur in the Fintech sector that got into Bitcoin at an early stage and apparently made a lot of profit from it
It’s been said that the way Bitcoin Profit operates is faster than most trading algorithms, and thus allows their users to perform small successful trades. Users claim that Bitcoin Profit has a healthy 90% success rate when performing the trades automatically on behalf of their users.
Is Bitcoin Profit a scam or not?
This is probably the question that brought you here in the first place. There is no concise proof that indicates bitcoin profit is a scam. There are, however, several claims and videos online on the matter. One thing that users need to be aware of is the highly volatile market that cryptocurrencies operate.
In 2018, bitcoin and other cryptocurrencies have suffered a big hit and lost over 700 billion USD. If bitcoin can gain and lose that much within a few years, you can imagine how volatile it is. Bitcoin profit seems to do what it was created for, which is placing trades automatically for their users.
A day in the Bitcoin Profit office
One must ask what John Mayers gets from all of this. He’s a successful entrepreneur, he’s got many and he seems to know the best path to make money. Bitcoin Profit is offered for free, so it seems that the way their founders and investors earn money is on the volume of people using it. The higher the volume, the higher the commission the brokers must pay them. Just as if it was a referral program to use the platform alongside the brokers. If one million people used Bitcoin Profit, and Mr John Mayers got 1% out of every user on Bitcoin Profit that was introduced to a broker…. Well, you can see where this is going.
As you enter the Bitcoin Profit website, you can see the testimonials of many users who seem to have had their lives changed by the software. Based on these success stories, we can say that Bitcoin Profit appears to be a legit trading robot.
If you’re interested in hearing more, check out how to open an account with Bitcoin Profit below:
Creating an account on Bitcoin Profit
Step 1: Registration
To register online with Bitcoin Profit, you need to create an account on their website. Once you’ve accessed the main page, fill out the form with the required information such as full name, phone number and country. You should also create a password with a capital letter in it.
Once you’ve created your account, you should be assigned one of the partner brokers that Bitcoin Profit uses to operate, and that should take you briefly to your dashboard. In the dashboard, you can select between making a demo account to test out the content platform or choosing to get started with the live account. We recommend getting started with the demo account to familiarise yourself with bitcoin profit before committing to the real deal.
Step 2: Demo account
As we mentioned before, it’s not mandatory to go through the demonstration account, but it is highly recommended. In this mode, the Bitcoin Profit users can experiment with the platform and understand about more about the functionalities.
In the demo mode, the users are presented with $1500 fictitious capital, which can be used to turn the robot on and off and see it execute the trades. The demo mode mirrors the real life experience of trading with Bitcoin. Once you’ve gone through this step, it’s time to go on the live mode and start making real profit as claimed on the site.
Step 3: Deposit
Now as we mentioned before in this review, Bitcoin Profit is free to use. You do need, however, some capital to invest with the brokers. This money will be used alongside Bitcoin Profit to place the trades on your behalf and then earn your profit. The minimum deposit required the broker is $250 USD. We recommend you start with the minimum, and as you collect your profits you should reinvest in Bitcoin Profit. The accepted payment methods are Visa and Master credit cards, Neteller, Skrill, and other options may be available depending on your country.
Step 4: Live trading
Now that you have processed your deposit with the broker, it’s time to set up Bitcoin Profit.
This step might be the most important one because this is where you are going to tell the robot the best way to execute trades and how to operate. Bitcoin Profit is an automatic trading platform, but you can still select the best settings to use, as well as the trading pairs you want to trade with.
You should be able to select the amount you want every trade to use with your capital, setting up a take profit or stop loss order, how many trades you want the robot to perform at the same time, and how many trades you want it to execute on a daily basis. Once you’ve selected the settings hit “Save”, go to your dashboard view, and click auto-trade “ON”.
Key Features of Bitcoin Profit
To summarise and overview all we’ve seen so far about Bitcoin Profit, we’ve gathered the key features below:
Reportedly a consistent profitability: The testimonials on the website seem to be all true. Bitcoin Profit claims to made people real profit.
Different Crypto Pairs: There are many crypto pairs you can choose to trade with Bitcoin Profit. The most common ones are Bitcoin, Ethereum, Litecoin and Ripple.
Fast Withdrawals: withdrawing your with Bitcoin Profit should take no longer than 48hs. This is one of the fastest withdrawal times we’ve witnessed in the industry.
SLL protected: The brokers are regulated, which makes the platform safe by default. Whenever you make a deposit, your information will not be stored.
Let’s compare Bitcoin Profit with the rest of the trading robots:
Advantages of Bitcoin Profit
For all types of users: Bitcoin Profit was made for everyone. It was initially made for the new users to get started with Bitcoin, but it’s also used by professionals due to its automated feature.
Performance: Bitcoin Profit claims to have one of the best profit percentages in the market. Its claimed success rate is around 90% of every trade being placed.
Dedicated customer service: If you create an account with Bitcoin Profit, you will have access to their 24/7 dedicated customer support team.
How to use Bitcoin Profit?
Bitcoin Profit will not make you into a millionaire over night, but according to its website it generates profit every day.
Here’s some advice to reduce the risk of loss:
Use the Demo account: Make sure you understand how the platform works 100% before getting started with the live mode. The practice account is there to help you get used to trading with Bitcoin Profit.
Take advantage of the information: Besides the demo account, the brokers usually offer tutorials and a customer service that can help you acquire more knowledge to increase your chances of success when trading with Bitcoin
Start with a moderate investment: If you’re a first time investor, you should be looking to deposit no more than $ 250 until you feel like you trust the robot enough. Although Bitcoin Profit claims to have a high success rate, there is a lot of volatility in the crypto market.
Has Bitcoin Profit been on TV?
You will see a lot of pages and advertises which state that Bitcoin Profit has been on TV. You can check down below a few of these TV shows and programs that Bitcoin Profit has been said to have taken a part of:
Bitcoin Profit has been said to be featured in Dragon’s Den, and there’s screenshots on the internet where the Dragons invest their capital to become business partners.
We went looking for the said episode, but could never find anything on the internet. This seems to be a made up affirmation by someone who wanted to ruin the brand’s name.
Similar to it’s UK version of the show called Dragon’s Den, Bitcoin Profit hasn’t been featured on Shark Tank and none of the sharks invested a dime on Bitcoin Profit. If you see any images or videos that say otherwise, you can be sure they are fake.
Is Bitcoin Profit endorsed by Celebrities?
Bitcoin and cryptocurrencies are being endorsed by celebrities more and more due to the popularity and huge returns of investment. Though this statement may be true, there’s also been rumours about celebrities endorsing Bitcoin Profit. Let’s find out below if any of these has indeed invested or endorsed Bitcoin Profit:
The Irish entrepreneur Peter Jones has been said to endorse Bitcoin Profit and other trading software. Peter has pronounced himself via twitter that he hasn’t participated in any investments with the trading platform.
Richard Branson, the owner of Virgin companies has openly spoken to the media about his support to Bitcoin and cryptocurrencies. Richard, however, has not invested in any trading software, let alone Bitcoin Profit.
The founder of Microsoft Bill Gates has said once that Bitcoin is the currency of the future. Bill gates knows the full potential of Bitcoin, but there’s no link between him and Bitcoin Profit.
Bitcoin Profit Review :The Verdict!
Is it worth investing in Bitcoin, or trading with Bitcoin Profit? Bitcoin Profit is claimed to be reliable trading software that brings their users profit. It’s also important to only invest what you can afford to lose, and start slow with a moderate investment of $250 USD. Just remember that all trading carries risk and to not risk more than you can afford.
Can I withdraw the Bitcoin on my Bitcoin Profit account?
No, you can't. You won't really acquire the Bitcoin, but it will be used to trade as a CFD, which is a representation of the Bitcoin available in the market by the broker of your choice.
Do I need to select one of these brokers listed in Bitcoin Profit?
Yes, you need to use one of the brokers displayed on the platform. The reason for that, is because the tool is connected via API to the broker in question, and it's being used on the platform the broker has made available for the software.
Should I invest in Bitcoin?
Bitcoin is a highly volatile asset. It has made a lot of people into millionaires overnight. If you are looking for a high return sort of investment, you should definitely invest in Bitcoin.