Look at the Bitcoin Prime review for insights about a Bitcoin trading robot that uses advanced AI algorithms to trade on your behalf. The platform boasts a 90% win rate and is completely free.
But, is this crypto trading platform worth your time?
Let’s explore everything you need to know about trading with a crypto robot in 2024 and find out if the platform’s claims can be verified.
Bitcoin Prime Summary
According to the Bitcoin Prime website this is an overview of this crypto trading bot:
| 💠 Supported Crypto CFDs | 75 BTC CFD pairs |
| 💥 Claimed Success Rate | 90% |
| ℹ Fees and Commissions | 2% on profitable accounts only |
| 💵 Minimum Deposit | $250 |
| 📱 Mobile App | No |
| 🕘 Withdrawal Time | 24 hours |
| 🔓 Demo Account | Yes |
| 📉 Withdrawal fees | Up to 10 free withdrawals per calendar month. |
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
What is Bitcoin Prime?
Are you looking to buy cryptocurrency passively? Bitcoin Prime is a crypto robot. It’s a trading service that automatically monitors the cryptocurrency markets for trading opportunities. When it finds potentially profitable setups, Bitcoin Prime trades on your behalf. According to its website, Bitcoin Prime claims that up to 90% of the trades it places can be closed for a profit in optimal market conditions.
The success of Bitcoin Prime is dependent on its AI algorithm, which is capable of spotting price patterns and acting on them. While Bitcoin Prime doesn’t reveal the details of its algorithm, it looks for many of the tried and true technical patterns that traders around the world rely on to make money.
Bitcoin Prime is completely free to use. All you need to get started is a $250 initial deposit. The platform makes money by charging a 2% commission on profitable accounts. Until your trading account makes money, however, you won’t pay any commission.
Bitcoin Prime Pros & Cons
Pros
- Trades 14 different cryptocurrencies
- Only profitable accounts pay a commission
- Partners with third-party brokers to execute leveraged CFD trades
- Reviews from current and past users
- Provides a demo account
Cons
- Requires a $250 initial deposit
- Only supports CFD trading
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
How Does Bitcoin Prime Work?
Bitcoin Prime works by tracking price movements in 14 different cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Bitcoin Gold, ZCash, Dash, Ethereum Classic, Cardano, IOTA, EOS, NEO, Binance Coin, and Ripple. So, there’s a decent amount of popular cryptocurrencies that Bitcoin Prime claims to be able to trade successfully.
When the algorithm spots a price pattern it recognizes, it will trigger a trade. Bitcoin Prime will enter an order to your brokerage account, and then monitor the trade as it develops. When it’s time to exit the position, Bitcoin Prime will give the order to do so and all funds – including any profits – will be returned to your account (less a 2% commission for profitable accounts).
Bitcoin Prime trades 24 hours a day, 7 days a week.
One of the nice things about Bitcoin Prime is that it provides plenty of educational resources as well as a demo account so you can learn how the algorithm works. While not much work is required to trade with Bitcoin Prime, you will need to optimize the algorithm’s parameters to succeed in different market conditions.
Importantly, your funds are stored with a third-party broker. Bitcoin Prime can issue orders to execute trades using the funds in your account, but it cannot access your funds directly. This could provide a degree of safety when using this service, since only you can access your money. You can withdraw your funds at any time and get paid out within a few hours.
If you’re hunting for a popular Bitcoin robot, why not read our in-depth Bitcoin Profit review as well.
Bitcoin Prime Key Features
Let’s take a look at some of the features that make Bitcoin Prime stand out from other Bitcoin robots:
Supports Bitcoin CFDs
As one of the best Bitcoin robots, Bitcoin Prime lets you gain exposure to the volatile crypto market via BTC CFDs. These include both crypto crosses and currency crosses.
It’s important to note that with the Bitcoin Prime App you will be speculating on the price movements of popular cryptos via CFDs. This means that you will not own the underlying assets but instead will be trading contracts for difference.
The crypto robot trades many of these cryptos as CFDs against a range of other cryptos or fiat currencies. In all, Bitcoin Prime can trade more than 75 crypto-crypto and crypto-fiat CFD pairs.
This wide selection of trading pairs is important because it creates more opportunities for trading. Every crypto-crypto and crypto-fiat trading pair experiences unique price movements and has varying levels of volatility. So, even when the market is relatively slow, Bitcoin Prime should be able to identify and execute trades.
Deep Learning Algorithm
Bitcoin Prime says that it’s sophisticated AI algorithm uses deep learning to constantly improve its trading success. The algorithm learns from both successful trades and trades that turn a loss so that it can trade more consistently and profitably in the future.
According to the Bitcoin Prime website, the algorithm has achieved a success rate of up to 90% in most market conditions.
Demo Trading Mode
Bitcoin Prime offers a demo trading mode in addition to live trading. In fact, you can easily switch back and forth between demo and live trading at any time using a switch in your online account dashboard.
Demo trading is important because it gives you an opportunity to test out different parameters for Bitcoin Prime’s algorithm. For example, if the algorithm is yielding a success rate of only 70% on a given day, you can switch to demo mode, modify some of the parameters, and see what it takes to push the win rate closer to 90%. Once you’re satisfied with the algorithm’s performance, you can switch back to live trading.
According to Bitcoin Prime, it typically only takes around 30 minutes of demo trading to identify the best algorithm parameters for any market conditions.
News Trading
Bitcoin Prime’s trading algorithm also claims to monitor market news feeds to stay one step ahead of the market. The platform looks for news that could significantly impact the price of any cryptocurrency or fiat currency and then issues trades around that news.
News-based trades can be very successful since Bitcoin Prime’s algorithm is able to react faster than most human traders.
Broker Partners
Ever wondered if there was another way to gain exposure to the crypto market without going through a crypto exchange? Bitcoin Prime works with third-party brokers to hold the funds in your account and execute trades. According to the site, available broker partners offer the 75+ CFDs that Bitcoin Prime trades and don’t charge excessive trading fees. When you sign up for Bitcoin Prime, you will automatically be assigned one of several partner brokers based on your location.
No Hidden fees
Bitcoin Prime is free to get started with. The platform charges a 2% commission on trades for profitable accounts only. If your account has yet to make money, Bitcoin Prime won’t charge any commission.
The platform doesn’t charge deposit fees; there are no withdrawal fees for your first 10 monthly withdrawals. After the 10th withdrawal, Bitcoin Prime charges a 0.1% transaction fee per withdrawal.
Note that your broker may have additional deposits, withdrawals, or trading fees. Your broker sets these fees and are not charged by Bitcoin Prime.
Here’s a rundown of all the fees our Bitcoin Prime review turned up:
| Trading Fees | 2% (profitable accounts only) |
| Account Fees | None |
| Deposit/Withdrawal Fees | 10 free withdrawals per month, then 1% |
| Minimum Deposit | $250 |
Customer Support
Bitcoin Prime enables you to get in touch by email at any time. Once you sign up, you will be assigned a dedicated account manager who will walk you through how to use the software. Your account manager is a valuable resource for learning how to modify Bitcoin Prime’s parameters to optimize the algorithm.
If you’re enjoying this Bitcoin Prime review, you could also check out our NFT Profit review, and our Bitcoin Evolution review.
Bitcoin Prime Trading Platform
According to the Bitcoin Prime website, it claims to offer a powerful and intuitive trading platform with a user-friendly design. This popular crypto trading bot is available mainly on desktops for Windows and Mac, and iOS and Android apps are available.
However, a basic web version of the desktop Bitcoin Prime app is optimized for handheld devices to trade on the go. Bitcoin Prime user reviews tend to focus on the PC experience. However, there are few testimonials related to its web app version.
Bitcoin Prime also says it’s trading platform is integrated with MetaTrader 4 (MT4). MT4 is one of the world’s most popular trading platforms and provides various technical analysis tools.
Is Bitcoin Prime a Scam?
One of the key questions we wanted to address with our Bitcoin Prime review is whether Bitcoin Prime is a scam.
Bitcoin Prime’s unverified win rate of 90% is in line with what similar cryptocurrency trading robots have achieved. However, we could not independently verify the claims made by the bitcoin trading platform. please remember that all trading and crypto investments come with risks and potential losses. Only invest capital that you can afford to lose.
The Bitcoin Prime platform is well-reviewed on sites like TrustPilot in addition to testimonials offered by Bitcoin Prime itself, but we strongly recommend to do your research and weigh up the potential risks before signing up and depositing money into the platform.
It’s unclear who owns Bitcoin Prime – although as trading bot tools are unregulated many founders of proprietary automated trading platforms prefer to remain anonymous.
Also, see our reviews of the top algorithmic trading platforms for some Bitcoin Prime alternatives.
How to Use Bitcoin Prime
Ready to get started with Bitcoin Prime? We’ll show you how you can sign up and start trading in just a few easy steps:
Step 1: Sign Up for Bitcoin Prime
The first step to using Bitcoin Prime is to sign up. Visit Bitcoin Prime’s website and register an account. Enter your name, email address, and phone number.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
Bitcoin Prime will automatically assign you to one of its partner brokers. You must submit a copy of your driver’s license or passport to verify your identity and complete your brokerage account setup.
Step 2: Deposit Funds
Once your accounts are set up, you must make an initial deposit of at least $250. Accepted payment methods vary by broker, but most of Bitcoin Prime’s partners accept debit cards, credit cards, and bank transfers.
Step 3: Optimize Bitcoin Prime
Your new Bitcoin Prime account is set to demo mode by default when you first log in. This is your chance to learn how the software works and play around with the algorithm parameters. According to Bitcoin Prime, optimizing the software only takes around 30 minutes for most users.
Step 4: Start Live Trading
Once you’re happy with how Bitcoin Prime is performing in demo mode, you can activate live trading. Now, Bitcoin Prime will deliver orders to your brokerage for live execution using the money in your trading account. Remember, however, that we couldn’t very the claims made by Bitcoin Prime, so there’s a risk of losing money.
Conclusion
Hopefully, the Bitcoin Prime review gave you an in-depth understanding of this trading platform. Bitcoin Prime is an automated cryptocurrency trading robot that claims to be capable of trading in 14 different crypto markets 24/7. The platform is a compelling trading option for investors. However, it’s still early days for Bitcoin Prime, so do your research and invest only what you can afford to lose.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
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