Bitcoin Lifestyle is a crypto trading app that states it can help beginner users trade BTC automatically. Its automated trading platform uses algorithms to study crypto price movements and calculate profitable times to enter and exit trades. The website states no experience is required so it could be a useful tool for beginner investors with no prior trading experience. Is the Bitcoin Lifestyle platform legit though? In our Bitcoin Lifestyle review, we cover what investors should know about this crypto trading platform. Bitcoin Lifestyle Summary To kick things off, lets take a quick look at a summary of Bitcoin Lifestyle’s key features, including its supported cryptos, withdrawal time, and minimum deposit: Platform Type Crypto trading platform Supported cryptocurrencies BTC Withdrawal time 24 hours Minimum deposit $250 Visit Bitcoin Lifestyle Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk. What is Bitcoin Lifestyle? Bitcoin Lifestyle is a type of Bitcoin Robot that according to its advertising uses complex AI algorithms to work out precise entry and exit points into trades with the aim of making profits for users. This software claims to work without the need for any manual intervention from traders, making it potentially well-suited to beginner investors. The platform is free of use, meaning there are no hidden charges for users like commissions, trading fees, or subscriptions. Users should note there is a $250 minimum deposit, which is higher than some other platforms. This money can be withdrawn at any time and should take 24 hours according to the site – although we haven’t been able to verify the payout speed and reliability. The platform also claims be supported by a mobile crypto app, which can suit a wider variety of traders. If users want to test the platform out before committing physical capital, then they can set up a demo account free of charge. This can be a good idea to test out any trading strategies users might want to employ. Bitcoin Lifestyle Pros & Cons Pros No prior crypto trading experience needed Claims to be free of charge Supports mobile and crypto app services Offer chance to trade on demo account AI algorithm can be customized Cons No details regarding regulation Minimum deposit is $250 Visit Bitcoin Lifestyle Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk. How Does Bitcoin Lifestyle Work? As mentioned, the platform works by using an algorithm to trade funds. The trading app works in a similar way, teaching beginners how to conduct trades by providing the right information. The website claims that this software has been built over years of research by the two founders. Once the platform finds a suitable trading opportunity that fits investors’ trading needs, it will place a trade. This trade will be opened using users’ funds that they have pre-deposited. The exit process on trade is similar, with Bitcoin Lifestyle working out the best time for users to execute a trade, and then doing so on behalf of users. Any profits which are made are returned to the user’s accounts. Whilst this could be profitable, users should note that crypto trading can be extremely volatile, and losses can substantially mount if the correct risk management isn’t taken. All users need to do to get started with an account is visit the website and follow the onscreen instructions. Once an account is set up, the platform is fully customizable to users’ individual preferences and will conduct trades based on these preferences. Bitcoin Lifestyle Key Features As part of our Bitcoin Lifestyle review, we noted 5 key trading features that users gain access to: Computer & Mobile Compatibility The platform is available as an app and as an online trading platform. This means that it can be used on both IOS and Android, tablets, and computers. This is good for beginners as it makes the platform widely accessible, regardless of the tech that investors have to hand. Demo Account The demo trading account lets users try out the platform’s strategies and implement them in real market environments without the risk of real capital. This can be another great option for beginner investors to use as it allows them trading exposure with absolutely zero risk. We recommend readers use a demo account before committing real capital. Zero Additional Fees The platform claims to be completely free to trade with. If this is the case, then evidently, it’s a great bonus. Most other brokers charge a commission per trade, as well as deposit and withdrawal fees. The only capital requirement of Bitcoin Lifestyle is the $250 minimum deposit. Adaptive AI Learning As mentioned, the platform has a bug focus on crypto education. A large part of the user experience centers around educating users on the technical analysis and the precise entry and exit points that users should take when trading crypto. This can help users become more aware of trading and markets and are hence a good benefit of using the platform. No Trading Experience Required Due to the automated and educational focus of the platform, there is no prior expertise in trading required. Users can allocate as much time as they want using the platform’s educational resources, or they can just dive into customizing their account and generating trades. Bitcoin Lifestyle Fees Bitcoin Lifestyle claims to be free of charge. This means that there are no commission, deposit, or withdrawal fees whatsoever. In addition to this, there are no ongoing subscription fees. The only capital needed to start trading with Bitcoin Lifestyle is the $250 minimum deposit. Account fees None Deposit/withdrawal fees None Commissions None Is Bitcoin Lifestyle a Scam? One of the main questions we want to address in this article is whether the platform is a scam. There is relatively little information on the website regarding founders, fees, available cryptos, and regulations. This does seem to be a red flag, especially considering there is no formal regulation of the platform by the types of organizations that regulate crypto exchanges. Our top recommended algorithmic trading platform is in fact a crypto exchange so there are other alternatives to Bitcoin Lifestyle like that to consider. The Bitcoin Lifestyle software claims to have a number of positive reviews, however, a quick google reveals that there are no Trust Pilot reviews on the platform, which isn’t a great sign. There is also no performance indication of the platform’s previous returns. Based on the above findings it seems that Bitcoin Lifestyle could be a scam. It is important that brokers only trade with reputable sites to avoid losing funds. Bitcoin Lifestyle Minimum Deposit The minimum deposit amount for Bitcoin Lifestyle is $250. This deposit is required by all new users as it allows them to fund their accounts. These funds are then used in order to generate returns for investors. The deposit is required, however, the platform claims that it can be easily withdrawn at any time back to bank accounts. This withdrawal period can change from bank to bank, however, it the Bitcoin Lifestyle website states it can be completed within 24 hours. If crypto investors do decide to join Bitcoin Lifestyle we’d recommend starting with a minimum deposit and testing out a withdrawal early on before committing to a large real money investment. Bitcoin Lifestyle Customer Support Bitcoin Lifestyle offers customer support via an online contact form which can be reached by clicking the ‘Contact Us’ button on the top ribbon. The team should aim to get back to users via email as soon as possible. Anyone can submit a query, whether they have a Bitcoin Lifestyle account or not. How to Use Bitcoin Lifestyle Now we have covered all of the necessary information regarding this crypto trade bot, let’s look at how readers can set up an account. This sign up process can be completed in four steps: Step 1: Sign Up for Bitcoin Lifestyle Users should head over to the Bitcoin Lifestyle website and find the create an account section on the homepage. Traders should then enter their first and last name, as well as their email and phone number. By doing this, users are agreeing to the terms and conditions and privacy policy of Bitcoin Lifestyle. Once completed, a Bitcoin Lifestyle account will have been created. Step 2: Demo Trading Before committing physical capital, we recommend that users should get comfortable trading crypto using a demo account. This account allows them to see how the platform would function under real-life circumstances, but reduces the risk exposure of losing their own money. Step 3: Deposit Funds Now that users have set up an account and got comfortable virtually trading, they need to deposit funds in order to buy Bitcoin. This can be done by entering the correct payment details to the site and depositing the minimum $250 amount. Users can start to trade instantly once they have funded their accounts. Step 4: Start Trading Bitcoin Now users are ready to trade Bitcoin and have funded their accounts, they should set up their trading preferences and allow the platform to start executing trades. The progress of these trades can be checked on smartphones, tablets, or websites. Conclusion Bitcoin Lifestyle is a crypto trading app that allows users to trade Bitcoin using their deposited funds. The platform claims to be completely free of charge to use and doesn’t require any prior trading experience due to the educational and algorithmic software the platform provides. There is relatively little information about the platform on the website, but if users want to set up an account, we recommend setting up a demo account to try out the software before committing real capital. Visit Bitcoin Lifestyle Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk. FAQs What is Bitcoin Lifestyle? Bitcoin Lifestyle is a crypto trading platform. This means that users can deposit funds after creating an account, and then trade crypto on the platform using those funds. It claims to be able to execute trades on the user’s behalf, while also supporting a large amount of educational AI software. Is Bitcoin Lifestyle legit? There is relatively little information regarding Bitcoin Lifestyle. It also gives no indication of its past performance to investors. There are also no reviews on Trust Pilot regarding the platform. If users want to set up an account, then we recommend testing it out using the demo account before committing real capital. How do I join Bitcoin Lifestyle? If readers want to join Bitcoin Lifestyle, they should navigate to the homepage and fill in the registration form. This is quick and easy to do. Before committing real capital, users can trade with a demo account free of charge, which could be a good idea to test out the platform’s validity and algorithm. Who owns Bitcoin Lifestyle? Bitcoin Lifestyle states that it was started by two traders. However, it doesn’t disclose who these traders are, or anyone else who works for the company. However, there is a contact form on the website which allows users to get in touch with the platform if they do run into any trouble setting up or using an account. Does Elon Musk own Bitcoin Lifestyle? Our research determines that there is no link between Elon musk and the Bitcoin lifestyle. As mentioned, the owners of the platform are anonymous. Is there a Bitcoin Lifestyle app? Yes, the Bitcoin Lifestyle platform is available as an app, which is a great point to consider. The app is available on IOS, Android, and tablets/computers too. This makes the platform widely accessible, which is great for beginner investors. What is the Bitcoin Lifestyle price? Bitcoin Lifestyle claims to be completely free of charge. This means that it charges no commission, no withdrawal and deposit fees, no ongoing subscription fees, and no other related trading fees. The only cost users need to start trading with Bitcoin Lifestyle is the $250 minimum deposit. This can be withdrawn at any time and is should be completed within 24 hours of withdrawal. This article was written for Business 2 Community by Dylan Hood.Learn how to publish your content on B2C Author: Dylan Hood<p><p>Dylan is currently an undergraduate study studying Politics and Economics in the UK. As a freelance writer he has already featured on several respected publications, including Buyshares and Motley Fool. He has a vast array of interests ranging from stocks and M&A to crypto, NFTs, and blockchain technology. Upon graduating,… View full profile ›More by this author:Jack Dorsey’s Web 5 to Compete with Web 3Chainlink Staking Roadmap AnnouncedBitstamp Earn Staking Program Opens to US Stay Connected Join over 100,000 of your peers and receive our weekly newsletter which features the top trends, news and expert analysis to help keep you ahead of the curve Get the Best of B2C on our Telegram: Join Channel