Trading software and Bitcoin platforms that are used for trading on the cryptocurrency market have been around for a while. This type of technology has made it possible for investors around the world, to either gain financial freedom or grow their passive income.
We understand that there may be some doubts around the Bitcoin Platforms and Auto-trading software and decided to curate some useful information to answer some of your most pressing questions.
What is a Bitcoin Trading Platform?
A bitcoin trading platform is an automated trading system that is powered by complex algorithms and artificial intelligence to help you trade cryptocurrency based on market trends and data. The Bitcoin robot algorithm is able to scan markets, read signals, extract data and analyze the data to make profitable trading decisions. A Bitcoin System is far more effective and productive than manual, human trading. The algorithms eliminate the human-error factor and are able to scan through the markets and information in record time. The bitcoin platforms focus on buying and selling signals on the market. This is what allows these leading trading systems to be seconds ahead of the market and generate bigger profits than their competitors.
Advantages and Disadvantages of using Bitcoin Systems
There are always advantages and disadvantages to any technology or software programme. Understanding both is essential in getting the most out of the tool you’re using. We’ve listed some advantages and disadvantages of using Bitcoin platforms.
|✔️ Bitcoin Platforms are more productive, accurate and effective than humans, since they are able to scan, extract and analyse large samples of data in mere seconds.||❌ Bitcoin platforms do have its risks. It can promise high profits on every trade placed, nor 100% accuracy on every trade.|
|✔️ Bitcoin Platforms are not governed by their emotions. They make decisions based on logic and reason embedded in their algorithm. This explains why their accuracy levels are so high, with some trading systems reporting a success rate of 99.4%.||❌ These trading systems can be complex to understand and may require some guidance at first.|
|✔️ Bitcoin Platforms are much faster than manual trading. Their algorithm works in a matter of seconds, where manual trading can be a long complex process especially for new traders.||❌ The cryptocurrency market is not regulated and extremely volatile. Therefore it is increasingly important that new users do their homework before investing.|
The Best Trading Platforms for 2021
There are tons of Bitcoin platforms and trading systems in operation today. These platforms can easily be found online by doing a simple search. While the concept behind these platforms are legit, not all platforms are verified. Some of them operate as scams, tricking new investors into losing large sums of money. We have done our research and tested a variety of bitcoin platforms.
We’ve decided to list our top three options for cryptocurrency trading:
Bitcoin Digital is a bitcoin trading application created to trade based on cryptocurrency market trends. The cryptocurrency market can be difficult to navigate though, especially for first-time investors and the market is extremely volatile. Bitcoin Digital has reported a high success rate of 89% for new users. Many reports have claimed Bitcoin Digital can assist users in generating thousands of dollars on a daily basis.
Bitcoin Era is an advanced trading technology that facilitates the automated trading of bitcoin as well as other prominent cryptocurrencies. This trading technology uses statistical algorithms to compare large volumes of historical and fresh data. It then applies this data to the existing cryptocurrency market, using market trends to predict profitable trades.
Bitcoin Evolution is an advanced trading system that is designed to trade bitcoin and other cryptocurrencies using intelligent algorithms to deliver high returns for you. This automated trading software is known to be one of the fastest, accurate and most reputable trading applications for bitcoin. The systems used to trade bitcoin are intuitive and reduce transaction time. What would take a few minutes to do manually, this trading software does in a matter of seconds.
Top Recommended Bitcoin Platforms
|Bitcoin Trader||Bitcoin Evolution||Bitcoin Loophole|
|Bitcoin Profit||Crypto Trader||Bitcoin Era|
|Bitcoin Lifestyle||Bitcoin Circuit||Bitcoin Rush|
|Bitcoin Code||Crypto Superstar||Bitcoin Up|
|Bitcoin Superstar||Bitcoin Billionaire|
How to Make Your First Trade Using a Bitcoin Trading Platform
Setting up an account with any Bitcoin Robot or trading system is quick and easy. In this example we will be using bitcoin digital as an example.
The first step to opening a new account involves registration. You can register through CoinInsider by finding the trading system in our top menu and filling in a form like the one below so that you get a dedicated personal broker to walk you through the sign up process. Alternatively you have to fill in the form on the official website, which will require some basic information such as first and last names, email address and contact details. It is important for the user to fill this information in as accurately as possible for verification to be successful.
Once registration has taken place, a mandatory verification process will begin. Verification requires either an email address or contact details provided in the registration form. Once the account has been verified the user will be able to move on to the next step.
The common minimum deposit for a Bitcoin Robot is £250/€250. This deposit acts as your initial capital investment. Most Bitcoin trading systems use regulated brokers. The deposit due will be paid to the brokers and they will then advise you on further steps.
4. Live trade
Once the deposit is made live trade can begin. The broker assigned to the user will make recommendations and assist the user in configuring their settings, activating the stop-loss feature and how to go about finalizing their account as optimally as possible before starting live trade. Most trading systems will provide the user with a demo account feature before starting live trade, for them to familiarize themselves with the platform and how it works. In this case, the broker will also assist the user in navigating their way around the platform.
How to Trade Successfully on a Bitcoin Application
Signing and executing trades on Bitcoin Application is a fairly easy process. For the purpose of this illustration, we will be focusing on Bitcoin Digital as an example.
Bitcoin Digital is a bitcoin trading system that claims to assist new users, with little to no formal trading experience to make huge returns on their investment. This trading system relies on intelligent computer algorithms to analyze and scan the cryptocurrency markets and make smart trade choices, on behalf of the user. The trading system is said to have a success rate of over 90%, which is considered to be among the highest in the industry. Although the trading system is automated, we recommend that traders spend at least 20 minutes on their account per day.
Here is a step by step break down of how a Bitcoin System works:
- Computer Algorithms
The computer algorithm analyses data from the cryptocurrency market to establish lucrative trading decisions. The analysis happens in just a few seconds to make sure trades are placed before the markets change. This intelligent algorithm allows the user to see the logic behind each profit or loss they may incur.
- Market Analysis
A good trading robot will be able to capture valuable information, such breaking news and make trades taking those factors into consideration. Once a user earns a profit, it is possible to see the logic behind it, since the algorithms can show the analyzed data and what led to the investment decision. Market analysis happens swiftly, and in a matter of seconds a profit can be made. Of course, with the market being volatile, making a profit can be risky.
- Trading Signals
A good Bitcoin Robot will be able to copy the trading strategies of identified experts and execute them on the user’s account. This method is often referred to as social copy trading.
- Artificial Intelligence
Artificial Intelligence and Machine Learning are a big part of a Bitcoin Robot’s system. It also allows these trading systems to make more accurate decisions than their competitors.
- Mathematical Formulas
Algorithms are very complex because they involve mathematical formulas of a predetermined strategy. These mathematical formulas drive the trading system and they keep improving to provide the user with the best trades and the most optimal experience.
How Much Money Can You Make with a Bitcoin Robot?
There are many platforms out there that claim to help investors make approximately €10,000 per day. While some of these claims may be true, it is important for investors to know that trading on the cryptocurrency market is risky, since markets are never static and can be volatile. Generating high profits also depends on how much money has been invested in the account. Some user testimonials have claimed to make huge profits daily, while others have reported to have suffered losses on their first attempt. Therefore it is important that users do their homework on this type of investment.
Are Bitcoin Platforms Legit?
Yes. Many new users make daily bitcoin profit using the Bitcoin Platforms and related trading systems.
- This trading application has a high success rate, especially for new users.
- The higher the risk, the higher the rewards: the cryptocurrency is volatile and this means that there are more risks involved too.
- Bitcoin Platforms offers new users a free demo account to try before executing any live trades.
What is an Auto-Trading Software & How Does it Differ from a Bitcoin Trading Application?
Auto-trading software refers to trading software that is usually used by experienced investors, to analyse historical pricing data and trends, to assess how these trends relate to the current price of the instrument. There are various auto-trading systems online, that include the copy trading feature, where trades or rather trading strategies are duplicated from profitable investors. Alternatively, trading software can use autonomous analysis, which is generally supported by artificial intelligence and machine learning, to identify profitable trading opportunities.
Some trading systems, such as Bitcoin platforms, are able to scan the crypto market and extract specific trends, and then present the investor with the most profitable trades. It is important to note that both Bitcoin platforms and Auto-trading systems are to the users advantage and can assist them in being highly successful.
How to Open an Account with a Bitcoin Broker
1. Sign up
Opening an account with auto-trading software is quick and easy. All a new client needs to do is go to their website where they will be asked for information such as name, surname and email address, after which they will be promoted to create a secure password and username. A verification email will be sent to the clients given address and after confirmation has been done, the new client will be able to link their accounts to a Facebook page or Google account, making logging in a seamless process.
2. KYC & Account verification
Verification is a mandatory process. It protects the client against fraud and scammers. Verification takes place upon signing up. You will be required to provide some personal information. Verification will take three-five days to complete. Only once the account is verified, a deposit will be required. Prior to verification, the demo account feature is available. This allows new clients to familiarize themselves with the platform.
3. Deposit Funds
One of the most significant features of auto-trading software is that the platform accepts multiple payment methods. Once verified, clients are able to deposit as much as €2000 of real money, answer some simple questions, or submit government ID and proof of residency for higher deposits. Clients can still deposit £250/€250 without verifying their account, but they will not be able to make any withdrawals until verified.
4. Start Buying Cryptocurrency
Once a new client has made a deposit, they can now start trading by clicking on the “Trade Markets” button on an auto-trading software platform. There they will see all available securities, Forex and crypto markets. Clients will also be able to search for specific assets or copy other traders using various social trading tools. The most accessed markets will appear on the Watchlist. Once the client has selected an asset to trade, they should click on it and choose from a “Market”, “Limit”, or “Stop-loss” order type. Market orders will sell for what price is currently available, Limit orders will allow clients to wait for a specific price and Stop-Loss orders will liquidate if the price falls to a certain level.
5. Selling Your Cryptocurrency
Users can sell their positions at any time. If a client took a “Short position”, they will make money if the asset falls beneath the lower limit of the spread. Clients can withdraw any balance of €50 or greater.
How to Find the Best Auto-Trading Software
We have reviewed a variety of different auto-trading software platforms on the market and carefully considered each of them, since there are many scams and fraudulent websites operating. We have listed some factors to consider to assess whether or not an automated trading software provider is credible.
- Semi-automated or fully automated: It is important to do a proper assessment of how the trading software actually works. Some platforms manually research and analyze the markets while others use algorithms to scan the markets automatically.
- Validate the results: besides the operational system of the software, new users need to make sure they are able to validate the results claimed by a provider.
- Minimum deposits and fees: A new trader must make sure they understand what deposit is required and what other fees are included in the software. This amount may differ, depending on which software the trader chooses.
- Deposit options: new traders need to make sure that the software accommodates their preferred payment method and how long transactions might take before the software goes live.
- Asset classes: new traders must make sure what asset classes they are able to trade with using the software. Some software allows for a variety of different asset classes while others might be more restricting.
Have any celebrities endorsed bitcoin platforms?
There are ads circulating online linking many world famous celebrities with bitcoin and bitcoin systems. A celeb endorsing anything creates interest around that product, therefore it would be to the platforms advantage to be endorsed by a prominent figure. We have written many articles on celebrities linked to bitcoin systems to find out which celebrities actually endorse bitcoin platforms and which are just rumours or false advertising. Read our articles here: Celebrities linked with Bitcoin Systems
It is important to note that there are risks involved with any bitcoin system or trading system. The risk may not be big, but if done incorrectly, there is a possibility that new users can lose their investment. Day trading differs from long-term investments, since it involves getting in and out of trading positions swiftly, which makes it possible for traders to experience huge profits and huge losses.
Bitcoin platforms and trading platforms do offer new users an opportunity to generate a considerable amount of wealth or a passive income. We recommend that new traders trade with an amount taken from their passive income. As a general rule of thumb, we recommend that traders should not take more than 10% of their portfolio to invest in what we call speculative investments. There is no harm in starting small and gradually investing bigger amounts as time goes on. New traders should make sure that they do enough due diligence on their accounts before starting to invest.
- What are Bitcoin Platforms?
Bitcoin Platforms is a trading system programmed to recognize cryptocurrency market opportunities for users interested in starting to trade.
- Is it profitable to invest in Bitcoin Platforms?
There are investors claiming to have earnings over €5,000 daily. However, users need to invest large sums of money to earn such returns. We advise new users to start with the minimum deposit of €250 and grow their profit from there.
- How does the trading application work?
The trading platforms work using an intelligent algorithm. They scan and analyze massive volumes of data to find cryptocurrency at very low prices. These cryptocurrencies are then purchased and sold at a higher price later.
- Is my information safe with Bitcoin Platforms?
Most Bitcoin Platforms use an SSL certificate which is an online security protocol that encrypts confidential information on the site.
- How does an Auto-trading software make money?
an auto-trading software charges clients a fee for using its services, as a means of revenue.
- Can an Auto-trading software run my IRA or other retirement account?
Unfortunately not. An Auto-trading software is not a retirement investment company and should not be thought of in this regard. The platform does offer social trading features, but this is not to be confused with automated investment services.
- Can I access my Auto-trading software account using my smartphone?
Yes you can. With eToro, you have one account that is accessible through a variety of different app types, including the eToro app for Iphone.
- How much money should I deposit when I begin?
We recommend you start off with the bare minimum. Most auto-trading software requires a minimum deposit of £250/€250. That’s probably a good deposit for most users to make.