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Bitcoin Bank Review: Legit or Scam? Live Results!

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Author: Adam Green

Bitcoin Bank uses artificial intelligence to trade bitcoin on behalf of users. It’s auto and therefore easy to use for all. Some reviews allege that Bitcoin Bank users earn daily profits of up to 400%.

With such a high alleged rate of return, the robot claims it can convert the minimum deposit of $250 to $1k in less than 24 hours of trading. But is Bitcoin Bank legit and if so, can it generate the said profits? As usual, our team of experts has conducted rigorous testing on this robot to determine its legitimacy.

After our investigation, we have found it likely to be likely to be legit given its ratings on various robot review platforms. Let’s take a deep dive on Bitcoin Bank to determine if it’s worth your money.

  • Robot
  • Rating
  • Features
  • Trade
1
 
The Best Choice
  • 88% Claimed win rate
  • $250 Min Deposit
  • Accepts credit card and Sofort
All trading carries risk

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    Bitcoin Bank review: BTC Auto-trading software

    Bitcoin Bank allows you to bet on BTC through CFDs. The robot has an alleged win rate of above 90% and claims to be among the top-rated trading bots for 2020. We have reviewed it and found it to be likely to be legit. You can try it with as low as $250 by clicking the link below.

    Open your account

    All trading carries risk.

    What is Bitcoin Bank?

    Bitcoin Bank is an auto trading robot that speculates on BTC through CFDs. A CFD (contract for difference) is a financial derivative that allows traders to speculate on the volatility of an underlying asset without having to own it.

    You do not need to have a crypto wallet or go through the tedious bitcoin buying process when investing through Bitcoin Bank. Moreover, you do not have to worry about security since you won’t be required to hold the asset.

    Trading BTC CFDs through Bitcoin Bank is a walk in the park. You only need to register a trading account, deposit at least 250 USD, and click the lie button. Bitcoin Bank trades automatically and reportedly maintains an accuracy level of about 98%. The world best human crypto traders have an accuracy level of below 50%.

    Bitcoin Bank’s performance is allegedly tied to its powerful trading algorithms. These algorithms are coded out of the trading strategies used by institutional traders. Bitcoin Bank is reportedly an invention of a former CitiGroup Trader and an MIT engineer. Its algorithms are allegedly a product of the automation of the trading techniques used by the behemoths of Wall Street.

    How does Bitcoin Bank work?

    Traditionally, investing in bitcoin involves buying it from an exchange. When you buy bitcoin through this method, you are assigned a code which you must store in a crypto wallet.

    You need to be extra cautious not to lose the code since it’s the proof of owning bitcoin. Unfortunately, crypto wallets aren’t foolproof and hence can be hacked, and the crypto holdings are stolen. You can also forget the logins to your crypto wallet and thus lose your holdings.

    Traditionally investing in bitcoin means buying low and selling high. This means that you make a loss when the prices fall. The case is different when trading through a robot such as Bitcoin Bank. Firstly, with Bitcoin Bank, you do not have to buy crypto traditionally.

    As stated in the intro, the robot trades through a financial derivative known as a contract for difference (CFD). This instrument enables you to speculate on BTC price direction. Consequently, you can allegedly generate returns in both rising and falling markets.

    Moreover, you do not have to buy BTC directly when trading through CFDs.  Bitcoin Bank makes BTC CFD trading easier and reportedly highly lucrative. It is auto and hence makes trading decisions automatically. Moreover, its partner brokers provide leverage of up to 5000:1, and therefore users can place trades worth up to $5000 for every $1 of investment, similar to other well-known bots. Read our review of Cryptosoft for another popular auto-robot.

    Open your account

    All trading carries risk.

    Getting started with Bitcoin Bank

    Trading with Bitcoin Bank is simple if you follow instructions carefully. This robot offers a comprehensive guide to help users prepare for live trading. The guides are in video tutorials and a 14-page e-book with graphics to help beginners understand easily.

    Bitcoin Bank also offers a practice account that runs on historical trading data to help traders get a real feel of the actual market without risking money. You should take your time to trade with this account before proceeding to the live account.

    Follow the steps outlined below to get started with Bitcoin Bank. Remember that there is risk in all trading and hence only invest what you are willing to risk.

    Registration

    You must register for free here to access Bitcoin Bank. Registration is self-explanatory and shouldn’t take you long.

    Fill your name, email, and password on Bitcoin Bank registration form and confirm that you agree to their terms and conditions. You also need to verify if you would want to receive newsletters and emails from the robot.

    We suggest that you subscribe to their mailing since this is how they communicate to users. You may miss critical communication by not accepting to receive their mails. Bitcoin Bank adheres to strict confidentiality measures and is compliant with the EU General Data Protection Regulation (GDPP).

    It is also compliant to data privacy laws in the US, Australia, and parts of Africa and Asia. We can also ascertain that Bitcoin Bank applies standard encryption to safeguard users from a data breach. Read our review of Bitcoin Trader if Bitcoin Bank is not accessible from your country.

    Identity verification

    Bitcoin Bank requires all users to verify identity to withdraw. You will need to confirm your email and phone number through the robot and government-issued ID through the underlying broker.

    Submit your best email and phone number since this is what you will use for multi-factor authentication. You also need to embrace ID verification since it is for your good. It is a sign that the broker is compliant with the global KYC requirements.

    ID verification thwarts money laundering and also helps identify the real owner of an account in the event of a security breach.

    Trading capital deposit

    Bitcoin Bank allows users to trade with any amount, but most of its brokers require a minimum of 250 USD.

    You must, therefore, fund your Bitcoin Bank trading account with at least 250 USD. Please note all deposits happen through the underlying partner broker. Bitcoin Bank will, therefore, redirect you to a local broker’s page to complete the deposit.

    Most robot brokers accept account funding through debit/credit cards, wire transfer, a bitcoin wallet and some bitcoin wallets. Other methods may be applicable depending on the broker.

    Trading education and demo practice

    Bitcoin Bank provides a guide to assist users in navigating through its platform. The guide and video tutorials are in layman’s language so that complete beginners can follow and trade successfully.

    When preparing to trade with Bitcoin Bank, you must pay special attention to risk management. Risk management is all about setting the robot to trade at a level of risk that favours your risk appetite.

    Similarly to robots like Bitcoin SuperSplit, Bitcoin Bank offers tools such as Stop-loss and Take Profit to help you define risk per trade. There is also a risk test to help you determine what level of risk is right for you. Read the trading guide carefully to learn more about risk management in auto-trading.

    Live trading

    You can move to the live trading platform confidently if you have practised enough through the demo. Live trading with Bitcoin Bank happens at a single click of a button. The robot applies AI machines to scan the internet for trading insights and relays orders to brokers for executions at a speed of 0.0001 seconds ahead of the market.

    Bitcoin Bank performance depends on factors such as the invested capital, the trade settings applied, and the current market conditions. Under the right settings and favourable market conditions, the robot can reportedly report daily returns of up to 400%.

    You can improve your chances with Bitcoin Bank by trading for 8 hours daily. Also, follow market news to determine when BTC is highly likely to be volatile. Bitcoin Bank supposedly performs better during periods of high market volatility. The robot comes with an event calendar to help you determine upcoming events and their impact on BTC prices.

    Automated trading comes with a lot of opportunities but also involve a great deal of risk. Consequently, we strongly advise that you invest little and grow gradually. As a rule of thumb, never deposit more than you can handle to lose when trading on high margin.

    Bitcoin Bank Review: The verdict!

    We have analyzed multiple data sources and found enough evidence that Bitcoin Bank appears legit. You can try it today by registering through the link below. Remember that while the potential is big, there is also significant risk. Do not trade with more than you are willing to forego.

    Open your account

    All trading carries risk.

    FAQs

    What is Bitcoin Bank?

    Bitcoin Bank is an auto trading robot that speculates on BTC through CFDs. A CFD (contract for difference) is a financial derivative that allows traders to speculate on the volatility of an underlying asset without having to own it.

    Is Bitcoin Bank legit?

    Bitcoin Bank seems like a good bet for anyone looking for passive ways to invest online. This robot has a high supposed return rate and is easy to use for all.

    How much can I earn by trading with Bitcoin Bank?

    Bitcoin Bank performance is determined by the trading settings applied and current market conditions. The bot claims that you can reportedly earn up to 400% in daily returns when all trading conditions are right. However, remember that when it comes to trading, it is impossible to guarantee returns or any profits as risk of capital is always possible.

     

     

     

    All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
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    Adam Green is an experienced writer and fintech enthusiast. He he worked with LearnBonds.com since 2019 and covers a range of areas including: personal finance, savings, bonds and taxes.