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Bitcoin Up Review 2020: Legit or Scam? Live Results!

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Author: Adam Green

Bitcoin Up trading robot has gone viral in the UK and Australia, with most users alleging high profitability. The robot has been listed among top robots by high traffic review sites and has appeared on several mainstream media.

Some of the users that have claimed that it allegedly makes mind-blowing profits, some even say that a 250 USD investment into the robot can supposedly give a daily return of up to $1500.

There is a lot of scepticism on this robot supposed win-rate, which is why we have decided to review it. This review will provide answers to determine if Bitcoin Up is legit and whether you should try it. Do not signup with this robot before reading this review to the end.

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    Bitcoin Up is pretty new in the market, but this hasn’t prevented it from becoming a top-ranking robot. Several reviews claim that this robot has over 50k users as of April 2020. The robot is well-reviewed on TrustPilot with a rating of 4.4/5 after over 4k reviews.

    Learnbonds finds Bitcoin Up to appear legit. You can try it with a little deposit of 250 USD but beware that there are risks in trading and loss of capital can still occur.

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    You can read more about Bitcoin Code by selecting the topics below:

    What is Bitcoin Up?

    Let’s start with the basic for the sake of those who are green in the world of robo trading. With the robust growth of technology, every industry is turning to automation.

    In the financial sector, trading and investment functions mostly carried out by human experts are now being taken over by robots. A robot is simply a set of algorithms that perform various activities.

    With Artificial Intelligence (AI) technologies, the algorithms can do everything that a human can do, including learning. AI robots claim that they can adjust with changing data and consistently submit returns that are above market rates.

    If you are to follow the news, you will note that AI algorithms that run the Wall Street hedge funds allegedly generate abnormally high returns. There is a recent one nicknamed 50 cents that claims to have made over a billion by hedging on coronavirus fears.

    Enter Bitcoin Up…..

    The robot applies the same techniques as other robots but for bitcoin trading. It claims to make thousands of dollars daily from a small investment of 250 USD. Even better, it is free and easy to use for all.

    Bitcoin Up is an AI robot but also relies on blockchain technology to create a transparent trading ecosystem. This ranks it among the most sophisticated and yet easy to use robots.

    Is Bitcoin Up a scam or is it reliable?

    This is a question that most are asking given the supposed returns reported by this robot. Fortunately, we have done the heavy lifting for you by thoroughly investigating this robot.

    We find it to appear to be legit. As mentioned earlier, our conclusion is after a rigorous analysis of feedback from users. We have also dug deeper into its trading platforms and found them to rely on real technologies.

    Bitcoin Up also seems keen on partnering with reputable and well-regulated brokers. Broker regulation is one of the hallmarks of a legit trading robot. Just so you know, the roles of a partner broker in robot trading include order execution and transactions facilitation.

    We will discuss the functions of Bitcoin Up partner brokers in details later in this review.

    Another reason to believe that Bitcoin Up is reliable is the safety of its trading platforms. No scam robot would invest in 128-bit-level encryption and adhere to stringent data privacy regulations.

    Bitcoin Up observes all the data protection regulations, including the EU General Data protection regulation. This law addresses the transfer of personal data outside the EU and EEA areas. Moreover, it is one of the most stringent data privacy law worldwide.

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    How to create an account with Bitcoin Up App: Step by Step

    Now we know what Bitcoin Up is so let’s discuss how to trade with it. As mentioned earlier, Bitcoin Up trades automatically; this means that very little human input is required to operate it.

    Even so, this doesn’t mean that you shouldn’t take time to read and understand the trading instructions that come with it. Trading with a robot is easy, but a small mistake in settings can mean life and death when it comes to profitability.

    Failure to set up Bitcoin Up as instructed hampers your chances of earning the supposed profits and may lead to devastating losses. We have prepared the steps below to help you avoid the mistakes.

    STEP ONE: Registration

    You are only able to access Bitcoin Up trading platforms after registering an account. Signing up with Bitcoin Up is as simple as creating a Facebook account.

    Click here to visit Bitcoin Up homepage and use the provided form to register. It is crucial you double-check the details you submit to avoid problems later. The signup should be through your best email and a working phone number.

    Bitcoin Up requires multi-factor authentication for all accounts, and hence you must register with a working phone number and email.

    You may need to upload a government-issued ID card to verify identity with the underlying broker.

    STEP TWO: Fund your account with a minimum of 250 USD

    Account funding is secure and straightforward. Click the deposit button and chose the preferred method. You can deposit through debit/credit cards, wire, e-wallets, or bitcoin.

    Bitcoin Up processes deposits instantly and doesn’t charge any deposit fees. As mentioned earlier, the robot relies on regulated brokers to handle deposits. These brokers insure all deposits against losses resulting from bankruptcy among other eventualities.

    STEP THREE: Trading practice

    This step is crucial in helping you practice risk management, among other critical functions. Most people who master risk management when trading with this robot realize its fullest potential.

    Failure to adjust the risk settings as instructed will only lead to losses. Bitcoin Up is for everyone, and therefore the trading guide is simplified to the extent that an 8th grader can understand it.

    Bitcoin Up demo backtests on real but historical data and thus simulates actual market conditions. As a result, the outcome you receive during the demo practice perfectly reflects what you should expect in live trading.

    STEP FOUR: Live trading

    When comfortable with the practice account, you can upgrade to the live account. Here you only need to follow the risk management guideline and click the live button.

    Bitcoin Up conducts all the trading research and automatically relays orders to the underlying broker for execution. The robot brokers have systems in place to ensure instant execution hence avoiding slippage.

    Slippage happens when an order is delayed and thus executed at an unfavourable price. As stated earlier, you do not have to understand the trading lingo to operate Bitcoin Up successfully.

    Just read the simple trading guide that accompanies it, and you are good to go.

    Advantages of trading with the Bitcoin Up App

    As you might have noticed, Bitcoin Up comes with a lot of benefits for users. These include the supposed profitability and the fact that it is easy to use for all.

    Most of the users who have reviewed this robot report not having prior experience in trading or cryptocurrencies. The traditional ways of trading bitcoin are complicated and unreachable for the inexperienced trader.

    Bitcoin Up bridges the gap by providing a more convenient and supposedly profitable way of trading bitcoin.

    Unlike most robots, Bitcoin Up takes user safety very seriously. As explained earlier in this review, the robot applies top-level encryption measures. This prevents intruders from accessing users’ data.

    Bitcoin Up review: The Verdict!

    We conclude that Bitcoin Up is most probably legit. The robot is reported by users to have high-level performance. We can confirm that it is easy to use for all and has all measures in place to safeguard users’ data.

    Legit robot brokers power Bitcoin Up. Most of these brokers fall under the regulation of tier-one bodies including the UK FCA, Cyprus CySEC, and the South Africa FSB.

    You should try Bitcoin Up with a capital investment of 250 USD and update us with your experience in the comment section below.

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    FAQs

    Is Bitcoin Up trustworthy?

    Yes! From our investigation, Bitcoin Up seems legit. This bot ranks among the best on independent review platforms, including TrustPilot.

    Can I make money with Bitcoin Up?

    There is a likelihood of profiting with Bitcoin Up if you follow the provided trading guide to the letter.

    How much should I invest with Bitcoin Up?

    As a beginner, you should start small and grow gradually. A deposit of 250 USD is enough to get your feet wet with bitcoin trading.

     

    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.

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