The platform is also said to include crypto education materials and tips on new ICO projects to invest in. Its main crypto robot tool supports both Bitcoin and major cryptocurrencies, and margin trading (the use of leverage on futures pairs) as well as spot trading.
Is Bitcoin Dynamit a scam or legit though? Our Bitcoin Dynamit review was unable to verify all the claims made on the website however will cover an overview of what traders should know about this recently launched automated crypto trading platform.
Bitcoin Dynamit Overview
Starting off our Bitcoin Dynamit review is a quick rundown of the Bitcoin Dynamit platform, according to the Bitcoin Dynamit website:
| Platform type | Crypto analysis and trading platform |
| Supported markets | Cryptocurrency |
| Claimed success rate | Not specified |
| Withdrawal time | Not specified |
| Minimum deposit | None |
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
What is Bitcoin Dynamit?
Bitcoin Dynamit is trending online as a novel cryptocurrency trading platform that uses AI and machine learning to provide deeper insights into the crypto market than a retail investor typically is capable of. The platform claims it uses advanced metrics to evaluate crypto price movements and issue signals when a specific token is setting up for a trade.
Using the analysis that Bitcoin Dynamit provides, traders can then in theory decide what trades to take and how to approach them. Traders can execute trades directly through the Bitcoin Dynamit platform on Bitcoin and a range of other top altcoins such as Ethereum.
Bitcoin Dynamit states it is designed to be used by traders of all experience levels. While it may help to have some prior trading experience, none is required and the website boasts of a large crypto education resource centre to learn to trade. Bitcoin Dynamit also claims to be free to use, charging no account fees and no commissions.
Bitcoin Dynamit Pros & Cons
Pros
- Real-time crypto market analysis using AI
- Get trading signals for Bitcoin, Ethereum, and more
- Place trades directly through the Bitcoin Dynamit platform
- No account fees or commissions
- Does not require prior trading experience
- Demo account included
- Tips on new ICOs and how to trade
Cons
- Unverified winrate
- Little auditing or backtesting information
- Anonymous development team
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
How does Bitcoin Dynamit work?
Bitcoin Dynamit states it exists to make trading more straightforward for users and investors. The platform’s software uses several advanced algorithms to navigate the volatile crypto markets for potentially profitable trades.
Bitcoin Dynamit incorporates fundamental and technical strategies, including decrypting relevant economic news and information. The Bitcoin software scans the collected market data to pull key insights. This way, Bitcoin Dynamit identifies cryptos available at discounted rates and delegates funds accordingly. One section of the Bitcoin Dynamit site states:
Bitcoin Dynamit is a cutting-edge platform designed to help users navigate the rapidly evolving world of cryptocurrency trading. With its advanced analytical tools and expert guidance, the platform empowers users to make smart, informed decisions about buying and selling bitcoin.
Users must customise their trading preferences before trading with Bitcoin Dynamit. Depending on individual preferences, investors can allow the platform to trade on their behalf. From signal generation to risk management to order execution, the software will independently implement all these essential processes.
Moreover, the software offers several trading strategies. Depending on an individual’s risk tolerance, margin trading options may be implemented to open short and long positions. Thus, users can buy Bitcoin and also trade on future price movements of digital assets as well.
The Bitcoin Dynamit software will go live once users deposit an initial principal capital to trade with. The software works 24/7 to scan the markets and distributes funds into the trades accordingly. Funds can be withdrawn 24/7 and will be received within 24 hours.
Bitcoin Dynamit Key Features
Before deciding whether to invest with Bitcoin Dynamit; we have reviewed some of the platform’s key features below.
Margin trading options
Unlike some Bitcoin robots we’ve reviewed, Bitcoin Dynamit also provides margin trading options for all investors. With this feature, users can opt to place a long or short position on new trades and trade on future price movements. Then it’s not necessary to actually hold the underlying asset, but possible instead to profit in the same way from fluctuations in its value, i.e. the Bitcoin price or crypto prices of altcoins.
Remember that all trading carries risk and leverage amplifies that risk even further, as well as the potential reward and profit margins.
ICO Tips
One of the other unique Bitcoin Dynamit features is its analysis of new cryptocurrency projects at the ICO stage (initial coin offerings) that could potentially generate a high ROI for traders that passively invest in them with a buy and hold approach.
Customer service
Bitcoin Dynamit deploys a customer department team that works around the clock to cater to clients’ needs. According to the Bitcoin Dynamit website, a dedicated customer support team is available 24 hours a day.
The team comprises highly qualified specialists who assist users with queries and concerns. Email, live chat, and phone calls are all available options while contacting customer support.
Security Measures
Bitcoin Dynamit claims to provide encryption on the platform. With the deployment of these protocols, users are promised high levels of security when trading with Bitcoin Dynamit.
Our review team didn’t make a deposit to test out the Bitcoin Dynamit robot. We’d recommend users also generate strong passwords and update them every 1 – 3 months. This protects users from potential cyber-security attacks.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
Bitcoin Dynamit Fees
An important factor to note before investing with any trading platform is the fees involved. With Bitcoin Dynamit, users do not pay any trading or account registration fees.
After registering an account, users get access to the Bitcoin Dynamit trading software for free. Furthermore, Bitcoin Dynamit claims that there are no deposit fees either.
According to the Bitcoin Dynamit website, withdrawal fees to bank accounts may be applied.
| Trading Fees | None |
| Account Fees | None |
| Deposit Fees | None |
| Withdrawal Fees | May apply when withdrawing to bank accounts |
Is Bitcoin Dynamit a Scam?
The underlying idea behind this Bitcoin Dynamit review is to determine an answer to, ‘is Bitcoin Dynamit a scam?‘ Our Bitcoin Dynamit review was not able to determine this. However, the platform offers a demo account. This is crucial as it gives users a glimpse of how the crypto trading platform operates in real-time.
The trading software is also customisable, presenting a unique window to retain control of the algorithm. This way, users can set risks and adjust all other crucial parameters. Funds deposited can be withdrawn at any time the user wants, according to the terms and conditions on the Bitcoin Dynamit homepage. This is due to the significantly rapid withdrawal window of Bitcoin trading software.
Additionally, Bitcoin Dynamit offers crypto CFDs, which means investors don’t need to trade the underlying asset, just their price movements.
However, the team behind Bitcoin Dynamit is largely unknown, and we recommend that users employ the software cautiously. See our review of other trading robots for some Bitcoin Dynamit alternatives.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
Is Bitcoin Dynamit Reviewed or Endorsed by Elon Musk?
Some online sources claim that crypto trading bot software tools such as Bitcoin Dynamit and others are used by celebrities such as Tesla founder Elon Musk – these claims are not accurate as while the billionaire regularly mentions Bitcoin, Dogecoin and cryptocurrency in general, he has never stated he uses any particular automated trading platform.
Similarly there is no affiliate between Bitcoin Dynamit and figures such as former Amazon CEO Jeff Bezos.
What Devices Can I Use to Access Bitcoin Dynamit?
Users may access Bitcoin Dynamit from any device that has a web browser. The bot is compatible with Chrome, Safari, Internet Explorer, and a variety of other browsers. Bitcoin Dynamit does not have a native Android or iOS app.
Bitcoin Dynamit is compatible with the following devices: Smartphones, Laptops, and Computers (iOS and android).
What exchanges does Bitcoin Dynamit support?
According to the Bitcoin Dynamit website its crypto trading bot is able to be used on all the major crypto exchanges via an API, however our review team were unable to verify this.
Before depositing funds into a Bitcoin Dynamit account, inquire with your exchange or broker of choice about their T&Cs and regulations.
Can I access Bitcoin Dynamit in My Country?
As Bitcoin Dynamit is an independent, decentralized algorithmic trading platform there are reportedly no restricted countries. Bitcoin Dynamit accepts traders in all territories leaving it up to the end user to first confirm if crypto trading is permitted in their jurisdiction.
How Simple Is It to Use Bitcoin Dynamit?
Bitcoin Dynamit provides a simplified trading experience that helps people with little or no trading expertise. Because all transactions are automated, users are not required to conduct trades manually. Instead, members make a deposit, set a stop-loss limit, and let the trading bot handle the rest.
Furthermore, Bitcoin Dynamit provides a video tutorial and a practice trading account for customers to experiment on before making actual crypto investments with real money. Account users may also browse charts for their favorite contracts, ensuring that they are constantly up to date on market prices.
However, while Bitcoin Dynamit is claimed to be more sustainable than the average human traders’ ROI, it does not result into guaranteed earnings. Conducting extensive research and building an efficient trading strategy are the greatest ways to maximize potential profits. Use Bitcoin Dynamit only if you understand how the bot works and how to alter the parameters to fit your strategy. Inexperienced traders will lose money if they are not cautious.
Bitcoin Dynamit Minimum Deposit
There is no Bitcoin Dynamit minimum deposit stated on the website at the time of writing. The Bitcoin Dynamit crypto trading software also reportedly does not not charge other hidden fees for deposits or withdrawals. Bitcoin network fees may be incurred as with any blockchain transaction.
Bitcoin Dynamit Customer Support
The Bitcoin Dynamit website appears to offer phone and email support however this is reserved for depositors who have gone through the sign up process and are ready to trade with Bitcoin Dynamit.
How to Use Bitcoin Dynamit
New Bitcoin Dynamit traders that decide to proceed with setting up a Bitcoin Dynamit account can follow these steps:
- Sign up on the Bitcoin Dynamit Website
To begin, visit the Bitcoin Dynamit website. You’ll find a registration banner such as that below.
Here, fill in a full name, email address, and mobile number as shown in the image above. Remember to select the right region to get the expected value for the service.
- Deposit
The next step is to fund the new Bitcoin Dynamit account. Tap on the ‘Deposit’ button and select a payment method. From our Bitcoin Dynamit review this crypto trading software supports most of the most popular payment solutions, like bank wire transfers, credit and debit card payments, and e-wallets.
- Demo Trading (Optional)
We recommend using this feature to learn how the Bitcoin Dynamit platform works and gain insights into its legitimacy. With the virtual cash, place trades and see how the software works in real-time.
- Trade Live Crypto Markets
The final step will be to start trading. Click on the profile icon and switch to ‘Live’ to begin using the automated trading tool after selecting a crypto asset.
Tap on the ‘Scan’ option and begin trading.
Conclusion
Bitcoin Dynamit claims to be a an accurate crypto trading bot program that offers investors an avenue to hedge risks in trading crypto, participating in ICOs, and learning to trade futures. The Bitcoin Dynamit trading software advertises itself as accessible for users of all ability levels. While this sounds appealing, remember trading is a highly risky endeavour and crypto robot tools are not regulated. Only invest what you can afford to lose.
We’ve also reviewed many other algorithmic trading platforms, including a top list for 2024.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.