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Bitcoin Prime Review 2020: Legit or Scam Robot?

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Author: Adam Green

Last Updated: September 25, 2020
bitcoin prime logo
bitcoin prime logo

Bitcoin Prime is allegedly the hottest tool for making money online in 2020. The platform allegedly trades bitcoin at a daily profitability rate of 500%. All you need to make money through this auto-trading app is to sign up and deposit the required trading capital.

The platform is said to trade at a win rate of 90%, and hence most users make money. Moreover, it’s fully auto and easy to use for those with zero background in crypto trading. But is the Bitcoin Prime app legit and does it generate the said profits?

We have carried out an in-depth investigation of this trading app to determine if it’s legit and worth investing in.

On this Page:

    Bitcoin Prime Review 2020 – Overview

    This trading platform helps you invest in bitcoin hands-free. It’s reportedly highly profitable and can turn a deposit of $250 to over $1k in the first day of trading. We have conducted a series of background checks on Bitcoin Prime and confirmed that it’s indeed legit. Read this review of Bitcoin Prime to learn more.

    What is Bitcoin Prime?

    Bitcoin Prime is an online trading tool that relies on AI technologies to automatically speculate on crypto prices.

    bitcoin prime navigation screen

    Users can trade BTC against crypto pairs such as ETH, BCH, and XRP, and fiat pairs such as the USD, GBP, and EUR. In total, this robot offers 50+ crypto CFDs pairs through its partner brokers.

    You do not need to understand the technical trading language or have trading skills to trade with Bitcoin Prime. This is because the bot is 100% auto. As we will see later in this review, live trading with Bitcoin Prime involves a few simple steps.

    Trading with this robot involves betting on price movements of the underlying asset rather than buying the asset physically. This means that you do not have to go through the tedious crypto buying process to make money with this robot.

    Moreover, the robot is equipped with trading strategies that make it possible to speculate on falling prices. Consequently, users can still earn profits even in free-falling markets. Bitcoin Prime is equipped with risk control features such as Stop Loss and Take Profit. Users should read the trading guide carefully to understand the risk management process.

    How does Bitcoin Prime work?

    Auto-trading robots are now all the rage as Wall Street continues to adopt them en-masse. Big banks, including Goldman Sachs, Citi Group, and Bank of America, have already invested hundreds of millions of dollars in AI-powered algorithms.

    The best AI robots are said to be ten times more profitable than the world’s best traders. Moreover, trading bots are cheap to operate when compared to hiring portfolio managers. Wealth managers mostly charge a 2% wealth management fee and a 20% commission on profits.

    Trading robots, on the other hand, only charge a 2% commission on profits. This is despite the high profitability and reduced risk. Until recently, AI-powered trading robots have only been available to investors with more than $1 million in investment capital.

    This has changed with the introduction of AI-powered crypto trading robots such as Bitcoin Prime. With the Bitcoin Prime App, you can invest as little as $250 and allegedly enjoy daily profits of up to 500%. Bitcoin Prime doesn’t charge any wealth management fees, but a 2% commission is applicable on profits earned through the bot.

    This robot relies on special robot brokers as its bridge to the crypto markets. These partner brokers’ roles include order execution and facilitating transactions with clients. Bitcoin Prime only partners with reputable and well-regulated brokers.

    Broker regulation guarantees users that their money is safe even in the event of bankruptcy. Another role of robot brokers is to offer leverage to enable clients to trade big positions with little invested capital. Bitcoin Prime brokers provide a leverage of up to 5000:1. This allows traders with just USD 250 in invested capital to take positions worth up to $1 million.

    Open your account

    All trading carries risk.

    Start Trading with Bitcoin Prime

    Bitcoin Prime is an auto-robot and hence requires very little manual input to operate. You only need to read its layman’s trading guide and follow it closely.

    This trading bot is accessible in all countries that support fast-paced derivatives trading. These include the EU, Asia, Australia, Africa, North America, and some parts of the United States. Start trading with Bitcoin Prime today through the steps explained below.

    Register a free account

    Visit Bitcoin Prime website and fill the signup form on the right upper corner. Accept their terms and conditions and select to be included in their mailing list.

    bitcoin prime explained

    You will need to verify your contact information and ID through the underlying broker. Bitcoin Prime will match you with a locally regulated broker after confirming your trading account. We can ascertain that Bitcoin Prime handles all user data in strict confidentiality.

    Deposit trading capital

    Fund your Bitcoin Prime account with at least USD 250. You can deposit more for increased profitability, but please note that this also magnifies the risk. Trading with Bitcoin Prime is less risky than manual trading, but there is a possibility of making losses nonetheless.

    You can fund your account through any major debit and credit cards or make a bank transfer. Some of the Bitcoin Prime partner brokers also accept deposits through e-wallets such as Skrill, Neteller, and Webmoney, and bitcoin.

    Demo trading

    Bitcoin Prime demo account should help you get a clear picture of what to expect during live trading. With the demo, you get to practice with $5000 in virtual money. The demo runs on historical data and therefore provides a true perspective of live trading.

    Read the provided trading guide and test every function of the demo before going to the live account. Failure to prepare enough during this phase may result in costly mistakes in real-time trading.

    Live trading

    Trading with the Bitcoin Prime app is completely beginner-friendly. Moreover, it doesn’t take a lot of time, and hence you do not have to forego your daily activities to use it.

    You only need about 20 minutes daily to adjust trading settings and open and close trading sessions. Trade live from 8:00 AM to 4:00 PM ET, Monday through Friday. The ET time zone comes with high crypto volatility thanks to increased trading in Wall Street.

    Bitcoin Prime trades volatility and is therefore likely to show superior performance during periods of high market volatility. You should end sessions at 4:00 PM ET daily since leaving trades open when the markets are closed attract rollover fees. The markets are also closed during the weekend and on public holidays.

    Open your account

    All trading carries risk.

    Bitcoin Prime and Celebrities

    There are unconfirmed rumours that Elon Musk and Richard Branson have invested in bitcoin through Bitcoin Prime. But are these rumours true?

    • Elon Musk and bitcoin- It’s true that Elon Musk is enthusiastic about bitcoin and the underlying technology of blockchain. However, we haven’t found any substantial evidence that he has invested in Bitcoin Prime.
    • Richard Branson and Bitcoin – Branson is also very vocal about Bitcoin and blockchain. However, we haven’t found any reputable source linking him to the Bitcoin Prime software.

    Bitcoin Prime has warned its users to always confirm the information on its website. This platform has been viral for the best part of 2020 and hence a top target for celebrity gossip.

    Is Bitcoin Prime a scam or not? The Verdict!

    We conclude that the Bitcoin Prime app is legit after analyzing factors such as reputation, performance, ease of use, customer service, and safety.

    Bitcoin Prime is a top-rated robot in all independent consumer feedback platforms. For instance, it’s rated 4.5/5 on TrustPilot after over 10k reviews. This robot has also been featured in the mainstream media.

    We can ascertain that its partner brokers are top quality and hence offer users a guarantee that their funds are safe. In the last two years, this trading bot has won 5 awards in performance, trading platforms quality, and customer service.

    Open your account

    All trading carries risk.

    FAQs

    Does Bitcoin Prime robot have a trading app?

    Yes! Bitcoin Prime has native Android and iOS mobile apps. Only registered users have access to these trading apps. They are highly intuitive and include all features of the live web-trader to allow you to monitor your account while on the go.

    Is Bitcoin Prime a scam or not?

    No! We have tested Bitcoin Prime and found it to meet all the standards for legit and trustworthy trading robots. Moreover, this bot has a proven track record for generating above market rate returns.

    How much do I deposit with Bitcoin Prime?

    You need to fund your account with at least USD 250 to access this trading bot. The underlying broker handles all deposits.

    Is Bitcoin Prime profitable?

    Yes! This robot has been tested by experts and proven to generate up to 500% in daily ROI. Users can reportedly earn insane profits by reinvesting at least 70% of their daily returns.

    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.