Bitcoin Boom Review 2022: Legit or Not?
Bitcoin Boom is a robo-trader that claims to have the power to make a daily profit of up to $5k speculating on cryptos. A robo-trader is a piece of software that claims to use intelligent computer algorithms to conduct trading functions. The big question is whether Bitcoin Boom is legit and profitable?
This review confirms that Bitcoin Boom appears to be legit robot. We can also confirm that users’ feedback have reported Bitcoin Boom as an efficient tool for you if you are looking to trade cryptocurrencies. The robot runs on autopilot, requiring not more than 20 minutes of monitoring per day.
Furthermore, you do not need any technical background to use this robot. Anyone with a basic understanding of the English Language can use this robot.
If you are new to trading, do not worry about the jargon used in some parts of this review since it will not affect your trading experience. This review aims to explain how this robot works.
Bitcoin Boom: Review
Learnbonds robot investigation involves in-depth review of feedback from users who have tried the robot. We have conducted an intensive background investigation of all the information on the robot in question website. The in-depth review of users’ feedback, on the other hand, involves a sentiment analysis on individual reviews. Our findings on Bitcoin Boom will be discussed later in this review.
All traiding carries risk
Top Crypto Trading Pairs
|Free Demo Account|
|Languages: EN, ES, FR, DE, IT, NL|
|No US Clients Allowed|
Minimum Deposit: $250 USD
What is Bitcoin Boom?
Bitcoin Boom is a piece of software equipped with intelligent algorithms that perform all the functions of a professional crypto trader. The robot depends on the strategies of one of the world best crypto trader.
Moreover, its algorithms are based on the AI subset of Machine Learning and allegedly can adapt to changing market conditions. The robot has reported an accuracy level of 99% and daily profitability of up to 20%.
The high accuracy reported by Bitcoin Boom is also as a result of the leverage it provides through its partner brokers. With this robot, you can get leverage of up to 1:500. For beginners, such leverage means that you can place trades that are 500 times bigger than your capital.
Case in point, a deposit of $250 can place trades of up to $125k. However, the same case applies to losses meaning that you can get your account wiped out in one trade. Consequently, never trade with an amount you cannot afford to lose.
We suggest that you read our comprehensive review of Bitcoin Trader if you are looking for an alternative to Bitcoin Boom.
Is Bitcoin Boom a scam?
As mentioned earlier, we have done a thorough investigation of Bitcoin Boom and revealed that it is a legit robot. This robot is not only highly well-reputed but is easy to use. It is, therefore, claims to be a perfect option for people on full-time jobs looking for ways to supplement their income online. Once you register and switch on the web-trader, you can sit back and start your trading experience.
Apart from reporting a consistently accurate software, Bitcoin Boom claims to operate in transparency. A background study of info on their site shows that it is 100 percent accurate and their testimonials are from real people. Scam robots have a habit of using fake testimonials to lure people into their traps. Further investigation also shows that Bitcoin Boom partner brokers have proper regulation. This means that your money is safe with this robot. For the record, any deposit made through Bitcoin Boom goes to these brokers.
How to register with Bitcoin Boom
Now that we have clarified that Bitcoin Boom appears to be a legit robot let us look at the registration process. As mentioned above, you do not need any technical expertise to register and use this robot. Simply follow the procedure below.
STEP ONE: Registration
Visit the Bitcoin Boom homepage and fill in your details in the registration form. You will be asked to submit your name, email, and phone number. As a Know Your Customer (KYC) measure Bitcoin Boom may ask that you verify your identity by submitting your national ID. For the record, the KYC measure is a legal requirement in most jurisdictions, including the UK.
STEP TWO: Deposit
After the registration, you will be taken to the deposit page. Here you will be asked to deposit a minimum of $250. Please note that this amount is your trading capital and not the cost of the robot. Bitcoin Boom is currently offering a free license since it is still in the beta testing phase. The robot is likely to introduce a license fee to new accounts once the beta testing is over.
STEP THREE: Demo trading
The Bitcoin Boom demo trading platform helps you get acquainted with the real web-trader before live trading. Consequently, the results you receive through the demo account are fictitious and do not reflect what you will get in live trading.
Even when the Bitcoin Boom web-trader is highly intuitive, we suggest that you start with the demo trader. This platform will give you a feel of the real web-trader without risking your deposit.
STEP FOUR: Live trading
Live trading with Bitcoin Boom involves selecting trading conditions and switching on the web-trader. If you are a new trader, the selection of trading conditions should not worry you. All you need is to specify your leverage and also implement the stop-loss and take-profit features.
For the record, the stop-loss feature dictates the level of risk you are willing to take per trade. When this level of risk occurs, the robot closes the trade hence protecting your account from further losses. The take-profit, on the other hand, defines the profit level at which you are willing to close the trade. This tool protects your account from the emotion of greed.
The trading conditions are self-explanatory, but there is a guide that comes with the web-trader to help you understand them better.
All trading carries risk
Reportedly a consistent profitability
Our review of Bitcoin Boom reveals many user testimonials who have claimed that it is possible to make a daily profit of $100 per day from a deposit of $250.
All you need to withdraw your profits from Bitcoin Boom is to fill the request form and wait for 24 hours. This is fast given that most robots take up to 48 hours.
Easy to use trading platform
As mentioned severally in this review, Bitcoin Boom is a fully auto robot and can, therefore, be used by anyone. Follow the trading procedure explained in this review to get started with this robot.
Learnbonds investigation shows that Bitcoin Boom is highly secure. All their platforms have proper encryption, and they have a cyber incident team to respond to data breach threats.
All trading carries risk
Bitcoin Boom vs. other trading robots
Bitcoin Boom Review: The verdict!
We have found many users who claimed that Bitcoin Boom is a legit trading robot. This robot claims that it is possible to make a daily profit of up to $5k using this robot. The minimum trading capital required is $250. However, Bitcoin Boom is not without some degree of risk, and therefore, you should not trade with an amount you cannot afford to lose.