BitAlpha AI Review 2022 – Scam or Legit Trading Robot?

Many ‘official BitAlpha AI website’ links exist, which is correct and is this crypto trading bot a scam or legit? We reviewed BitAlpha AI – also this automated trading platform appears to be spelt in various ways with or without spaces – Bit Alpha AI, Bit AlphaAI, and so on.

Crypto trading bots and specialized ‘Bitcoin robots’ are very popular online, with BitAlpha AI trending the most currently on social media, but it’s crucial to be careful as some trading robots are scams and most are unregulated.

We’ve examined the Bit Alpha AI website, and info from the user reviews we could locate online.

BitAlpha AI Summary

The Bit Alpha AI site – this link appears to be the legitimate one as of 2022 – provides this information:

What is BitAlpha AI?

Most human traders lose – crypto exchanges often state the approximate percentage as around 68% – 72% in a risk disclaimer – and even retail investors that just buy and hold often end up panic selling at a loss when the market corrects, or don’t pick the best altcoins to buy at the right times. Bitcoin trading bots and other crypto trading bots claim to act as ‘robo advisers’ to help traders be more profitable – one of the newest trading bot tools is Bit Alpha AI. On various reviews the main Bit Alpha AI tagline is:

‘The Bitcoin Trading platform that does things differently.’

In terms of what it does differently Bit Alpha AI claims to automatically invest in cryptocurrencies for the user and swing trade based on crypto market conditions, adjusting take profit and stop loss orders 24/7.

However Bit Alpha AI doesn’t make its auto trading software publicly available for those that don’t make a deposit so we weren’t able to verify its accuracy  and winrate. The minimum deposit is on the lower end for trading robots at just $50 and reportedly a demo account is made available.

BitAlpha AI Pros & Cons

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

How Does BitAlpha AI Work?

There’s little information on exactly how Bit Alpha AI other than it can identity ‘alpha’ in trading setups – the term alpha is synonymous with ‘edge’ and often represented by the Greek letter α. Trading alpha essentially means a given trading strategy’s ability to beat the market, according to the Investopedia definition.

That might be where to set a stoploss (SL), how to layer take profit (TP) orders and so on. See our list of the best crypto Twitter traders which often use this term.

Bit Alpha AI reportedly identifies alpha in Bitcoin price action (PA) and that of other major assets, and can be used as a standalone crypto trading bot or integrated with Meta Trader 4 (MT4) or MT5.

It appears to operate in a more advanced way than some of the other automated trading platforms we’ve reviewed. The AI stands for artificial intelligence – implying its an AI trading tool, although it keeps those details if real as a closely guarded secret.

BitAlpha AI Key Features

Our Bit Alpha AI reviewers found the following points often raised online in reviews and Bit Alpha AI testimonials:

High Winrate

The stated Bit Alpha AI winrate is 70% which if true and accurate would be enough to beat the market long term, however it’s not clear if that is exaggerated. It sounds more realistic than some scam robot trading platforms.

Instant Withdrawals

Bit Alpha AI states its withdrawal time window is essentially instant, in the minutes to one hour, sent back the original method used to deposit – i.e. the cryptocurrency asset used. There is also an option to deposit and cashout profits via VISA or bank account which have a slightly longer processing time.

Educational Material

Bit Alpha AI offers some tutorials to learn to trade and on how Bit Alpha AI works, made available after depositing.

Demo Trading

Bit Alpha AI like many crypto robots offers a demo account – see our guide to demo trading accounts for some other options on that front.

Overnight Trading

The crypto markets are 24/7 unlike other financial markets which can close over weekends, and the Bit Alpha AI robot takes advantage of that being able to operate automatically at any hour of the day.

BitAlpha AI Fees

Is BitAlpha AI a Scam?

Many positive Bit Alpha AI testimonials can be found online on sites like Reddit, TrustPilot, and other scam detector sites, however its not clear if they are real or paid marketing reviews.

Start with a minimum deposit and also check out our reviews of other automated trading platforms if deciding to trade with Bit Alpha AI as many bot programs are unregulated and some are confirmed scams.

We’ve also reviewed an impressive crypto trading bot tool that beat the 2022 crypto bear market on eToro.

BitAlpha AI Minimum Deposit

Bit Alpha AI requires a minimum deposit of $250 to open a new trading account.

BitAlpha AI Customer Support

Bit Alpha AI support is available 24/7/365 over email and the phone for registered users, according to the Bit Alpha AI website.

BitAlpha AI Tesla

There’s been some speculation that bitalpha ai is associated with electric car  behemoth Tesla. We could not find concrete evidence of this – instead the BitAlpha AI tesla link seems to be perpetuated by marketing gurus, who are claiming that Tesla invested some of their funds into the cryptocurrency.

BitAlpha Amazon

Similar speculation has linked Amazon with the purchase of BitAlpha AI currency to diversify their assets and holdings. Again, this is unfounded, and any claims linking Jeff Bezos and the retail giant with BitAlpha AI are to be taken with a pinch of salt. That’s not to say, however, that the software isn’t capturing the interest of tech giants.

Conclusion – BitAlpha AI Website Review

BitAlpha AI is going viral on Facebook, Reddit and Twitter in 2022 and its claims of being able to trade multiple crypto coins including Bitcoin are attractive. However full past performance data is only provided to depositors so exercise caution – we also recommend depositing only the minimum of $50.

Also there are various BitAlpha website domains – with different spellings, BitAlphaAI, and BitAlpha AI etc. – claiming to have an ‘updated link’ for this year. We recommend using this link.

For some alternatives to Bit Alpha AI see our list of 10+ algorithmic trading platforms – those have a better reputation in the crypto industry especially number one which is an actual crypto exchange with automated copytrading of winning traders with a positive ROI backtested (logged by the platform) over months.

Never over-invest in just one crypto trading bot program, or altcoin – keep a diversified portfolio and split your money up across different sites to protect your capital and have more funds available to buy the dip and stay flexible.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

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