With the increasing popularity of trading bots, we conducted a Bitcoin Trader review to explore its features and why you should consider it. 

The platform is designed to assist traders in analyzing the market and executing trades efficiently. 

Let’s take a closer look at its capabilities.

Bitcoin Trader Review Summary

🕘 Withdrawal Timeline24 hours
💠 Supported CryptocurrenciesBTC, ETH, LTC, BTG, XRP, IOTA, ZEC, DASH, ETC, ADA, EOS, NEO, BNB, BCH
📱 Mobile AppNo
💥 Claimed Success Rate85%
💵 Minimum Deposit$250

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

What is Bitcoin Trader?

According to the website, Bitcoin Trader is a cryptocurrency trading bot aiming to improve the ease and accuracy with which crypto traders profit from the market.

This Bitcoin robot is a trading tool that offers a mix of automated trading and manual tools. It’s designed to cater to different types of traders, whether they’re newbies or experienced ones. Bitcoin Trader claims to help traders earn returns from cryptocurrency trading, but it’s important to remember that trading always involves some risk.

While researching our Bitcoin Trader review, we found no information about its team or where the service is registered.

This might concern many investors, but it also doesn’t mean the software is fake. It’s common for many crypto product developers to hide their identities for privacy purposes.

In terms of how it operates, the model is quite simple.

Bitcoin Trader uses AI and machine learning models to analyze market trends and movements. With a high-frequency trading system, it scans news and executes trades 0.1 seconds faster than the market. This helps traders find optimal entry and exit points and improves their chances of earning returns.

So, is Bitcoin Trader a scam? So far, we can’t say for sure.

Bitcoin Trader’s developers have touted its efficiency, claiming their software can help with market analysis and reduce the burden of extensive research on traders.

However, we recommend that users should still carry out their research. If you intend to invest in this service, you might want to start with the demo account.

The crypto market is quite volatile, and entering trades with the highest confidence levels is important. Carrying out extensive research helps with this and puts you in a better position to succeed in the long term.

Who Owns Bitcoin Trader?

The Bitcoin Trader owners are anonymous but are said to have been established by professional traders and software developers to help traders maximize their profit-making potential.

According to their website, Bitcoin Trader only integrates with brokers regulated by tier-one financial authorities, such as the FCA.

Bitcoin Trader Pros & Cons

Pros

  • Support for multiple coins
  • Quick signup process
  • No fees
  • Claimed success rate of 85%
  • Strong security measures
  • Customizable settings

Cons

  • No Bitcoin Trader app
  • Win rate unverified
  • Not available in the US

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

How Does Bitcoin Trader Work?

Bitcoin Trader robot is designed to automate the process of researching and executing trades to make things easier for you. However, it’s important to keep in mind that the bot trades using contracts for differences (CFDs).

bitcoin trader homepage

A CFD is a derivative that gives you the right (not the obligation) to buy or sell a cryptocurrency at a given time and price. So, you lock the price in, and the difference is eventually paid when the contract matures. When you use Bitcoin Trader to buy Bitcoin, you’re trading the derivatives that track BTC prices – not Bitcoin itself.

Bitcoin Trader uses artificial intelligence and machine learning to trade these crypto CFDs.

Combined with high-frequency trading, these concepts help the Bitcoin Trader robot spot trends in the market and analyze possible outcomes. Based on this research, the bot finds optimal entry and exit points for trades.

The Bitcoin Trader developers have claimed that their bot is 85% accurate. This information was found on their website and their marketing materials. However, we couldn’t verify this for the purpose of our Bitcoin Trader review, so keep in mind that it might not be so accurate. The crypto market is highly volatile, and even the most advanced trading bots could fail from time to time. To guard against the volatility, start small and only invest funds that you’re willing to lose.

It’s worth noting that Bitcoin Trader does not operate alone. The bot collaborates with third-party brokers and maintains a network of partners across several countries. According to several Bitcoin Trader reviews, these brokers are licensed by the Cyprus Securities and Exchange Commission (CySEC), but it’s difficult to verify this claim. The partner brokers of Bitcoin Trader are responsible for tasks such as position sizing and trade execution. The bot’s developers state that these brokers manage trade execution and position management.

On What Devices Can I Use Bitcoin Trader?

Bitcoin Trader is available on any device with an internet connection and a web browser, so PCs, laptops, tablets and smartphones. However, it does not have any dedicated mobile app.

Which Exchanges and Brokers Is Bitcoin Trader Partnered With?

We could not verify which exchanges and brokers Bitcoin Trader has partnered with, as users are assigned different brokers when they sign up.

The platform claims to use only those regulated by tier-one associations, and users will have to complete full KYC verification to join.

Can I Use Bitcoin Trader in My Country?

Bitcoin Trader is widely available around the world except, notably, in the USA. See below for a select list of availability:

Is Bitcoin Trader available in the USA?  No
Is Bitcoin Trader available in the UK?  Yes
Is Bitcoin Trader available in Australia?  Yes
Is Bitcoin Trader available in Canada?  Yes
Is Bitcoin Trader available in France/Germany/Italy/Spain?  Yes
Is Bitcoin Trader available in Singapore?  Yes
Is Bitcoin Trader available in South Africa?  Yes
Is Bitcoin Trader available in Mexico?  Yes
Is Bitcoin Trader available in Nigeria?  Yes

How Much Profit Can Be Made from Bitcoin Trader?

Bitcoin Trader claims a win rate of 85%, but we could not verify those claims.

Bitcoin and crypto trading can be extremely lucrative, but there are also inherent risks – we would recommend not just leaving the bot to trade but also thoroughly analyzing the market and developing solid strategies, as well as regularly tracking the bot’s performance.

Losses during trading are inevitable; beginners should not invest more than they can afford to lose before fully educating themselves.

Bitcoin Trader Key Features

  • Versatile Trading System

One important attribute of the Bitcoin trader robot is its versatility. The bot supports both automated and manual trading, ensuring that all types of traders are welcome on its platform. Earlier in this review, we discussed how the automated trading system works.

As for the manual trading feature, Bitcoin Trader allows you to set your parameters and trade based on your research. This feature is better suited for experienced investors who understand the market and are more comfortable conducting their own research.

  • Quick Transactions and Payout System

One of the hallmarks of the best Bitcoin bot is its speed. And, as the Bitcoin Trader reviews have shown, this bot appears to have that locked down.

Bitcoin Trader’s developers have claimed their bot is 0.1 seconds faster than the market. This means it can help you identify trends and move much faster when executing trades.

The robot’s speed also extends to its transactions. Many Bitcoin Trader review options have claimed that the bot processes deposit transactions in minutes. Withdrawals are also processed in 24 hours. This could be favorable since most trading bots process withdrawals in a few business days.

  • Demo Account

A demo account is an important part of having a trading bot. With this, you can optimize your trading strategy and ensure you enter trades more confidently.

Cryptocurrency trading can be very risky. You must enter into positions after doing enough research and testing. With the demo account on the Bitcoin Trader robot, you get an opportunity to do proper research and bolster your position.

Our Bitcoin Trader review will recommend the demo account for beginners and experienced traders. Beginners will be able to use the demo account to get acclimatized with the Bitcoin Trader robot and trade more effectively. As for experienced traders, you can test out trading parameters and strategies for as long as possible.

If you would like to conduct a Bitcoin Trader test, the demo account is a tool that can easily help you.

  • Affordable Trading Bot

The bot doesn’t charge fees for transactions or account maintenance; its developers also claim they don’t take any commissions on your trades. This is very favorable. As a customer, you only have to worry about the minimum deposit. There’s nothing else to pay for.

Bitcoin Trader Fees

We looked through the Bitcoin Trader website and compared it with other reviews for the platform and found the following fee structure:

Inactivity Fee None
Withdrawal fees None
Commissions None
Hidden charges None

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

The table above shows that Bitcoin Trader is among the most affordable crypto trading bots. However, we also recommend trading with small amounts and looking for any areas the bot might want to charge you.

Bitcoin Trader Minimum Deposit

The minimum deposit on Bitcoin Trader is $250. This price is competitive with many other crypto trading bots in the market.

With the highly volatile crypto market, we recommend you approach this bot carefully. If you plan to invest, only put in capital you’re willing to lose. In addition, always stay within the right risk parameters as you trade.

Bitcoin Trader Customer Support

Bitcoin Trader’s developers claim to have customer support via email and phone. But, we couldn’t confirm and couldn’t gain access to their customer support. We recommend that you run a Bitcoin Trader test to see how well their customer support responds to your complaints and challenges.

Is Bitcoin Trader a Scam?

From our research, it’s impossible to verify this. The bot’s developers don’t have many details in the public domain. However, this doesn’t necessarily mean that the bot is a scam. It’s common for AI-based trading platforms and any crypto project to have anonymous developers and founders for privacy.

Of course, this doesn’t take out the market risk. Traders should always be aware that the crypto market is volatile, and coin prices are subject to significant swings. Always take the right measures to protect yourself while trading.

Bitcoin Trader has a mixed two-star rating on the trusted customer peer review website TrustPilot. However, many of the most recent reviews are negative and warn investors to “avoid at all costs”, while others complain of being bombarded by phone calls.

We also scoured social media sites such as Twitter and Reddit and searched Bitcoin Motion on Instagram, but individual posts were neutral.

Potential users should, however, ensure the links they are using are not phishing links – some crypto trading bot links on Facebook, Twitter, etc., are not real or genuine automated trading platforms that exist and instead use clickbait tactics and celebrity endorsements to attract interest.

The real Bitcoin Trader website should have a legal disclaimer in the footer and not claim e.g. Elon Musk used Bitcoin Trader or any similar celebrities.

How to Use Bitcoin Trader

Now, let’s look at how to get started with Bitcoin Trader.

Step 1: Sign Up

Head to the Bitcoin Trader home page and register. You can do this by clicking the “Register” button at the top or entering your details in the dialogue box at the top right-hand corner. The website requires that you enter your name, Email address, and phone number.

Bitcoin Trader will immediately connect you to one of its partner brokers. Remember that these brokers are crucial to your success as a trader. Afterward, you will be redirected to your profile.

Step 2: Demo Account

Bitcoin Trader doesn’t mandate that you use the demo account. However, as our Bitcoin Trader review has shown, this feature can be very beneficial.

The demo account allows beginners to get a good feeling of the platform and allows advanced traders to test their trading strategies. So, before trading, spend some time on the demo account to get a feel of the platform.

Step 3: Make A Deposit

Bitcoin Trader claims to be able to accept different payment channels – including cards and accepted cryptocurrencies. So, choose the funding method that works well for you and proceed.

Remember that the minimum deposit is $250. As a beginner, starting small and working your way up from there is important.

Step 4: Live Trading

With your account funded, you can begin with live trading. You will need to set your trading parameters and proper risk settings. From there, the bot trades on your behalf.

The risk parameters are very important if you hope to use Bitcoin Trader. Remember that the market is very volatile, and you should be careful when trading.

How to Withdraw Money from Bitcoin Trader?

Bitcoin Trader does not store funds and has no digital wallet, meaning users must fo through the broker to withdraw. Follow the steps below:

  • Visit the broker’s website and log into a trading account
  • Visit the wallet and select the preferred payment method
  • Enter the amount to withdraw in preferred fiat currency
  • Select withdraw to start the process, with the transaction taking up to 24 hours to complete

Users should note that Bitcoin Trader brokers do not pay out in crypto but in fiat.

How to Delete a Bitcoin Trader Account?

Deleting Bitcoin Trader is a simple process that should not take long.

Go to the menu on the website and follow the instructions in the settings section. Alternatively, it can be done via the broker – but this will lose all details connected with that broker.

We would advise informing customer support before proceeding.

The Verdict

Our Bitcoin Trader review found that this crypto trading robot trades Bitcoins automatically on your behalf and assists traders in analyzing the market and executing trades efficiently.

We recommend starting with the minimum amount and testing the withdrawal process early.

The bot’s success rate is pegged at 85%; however, it is important to note that we could not verify all the claims made by Bitcoin Trader and a financial authority with strict standards that do not regulate it. 

Therefore, we advise that you conduct thorough research and try the demo account before using the platform.

bitcoin trader logo

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

FAQs

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