Cryptocurrency is a very volatile asset type, with significant price swings possible. Human traders have limitations that restrict their capacity to trade cryptocurrencies efficiently. Cryptocurrency trading robots like BitQL were designed to help with this and outperform humans by automating the trading process.
This BitQL review will examine the advantages, disadvantages, and approaches to using BitQL and how this bot claims to work.
BitQL Summary
From BitQL reviews online the trading software claims to win approximately 90% of trades it makes, although we couldn’t verify or audit these claims and backtesting doesn’t appear to be available before investing.
| 💠 Supported cryptocurrencies | BTC, ETH, XRP |
| 💥 Claimed Success Rate | 90% |
| 💵 Minimum Deposit | €250 |
| 📱 Mobile App | No |
| 🕘 Withdrawal Time | 48 Hours |
What is BitQL?
BitQL advertises itself as a one-of-a-kind automated trading system that promises to help investors make profitable trades on autopilot.
The developers of this trading robot claim that their software can trade with 90% precision.
Unlike other Bitcoin robots, BitQL employs artificial intelligence known as Natural Language Processing (NLP). Its algorithms can allegedly crawl billions of web pages in a microsecond to find news that affects the price of Bitcoin. In addition, BitQL can discriminate between real and phoney news sources and utilise this data to make trading decisions.
BitQL claims it can place over 100 trades at once and profit in at least 90 of them. The more funds you invest, the more deals you can make per minute per the robot’s website. Some of the company’s reviewers claim to have made as much as $1 million in just a few months of trading. However, we couldn’t authenticate these reviews and they don’t sound 100% realistic.
BitQL appears to be entirely user-friendly, even for complete beginners. The entire trading procedure is automated. This means that the software can be operated by someone who has never traded before.
BitQL also allows users to buy Bitcoin as a CFD product. CFD stands for contract for difference and enables a user to buy or sell an asset at a particular price once the contract expires.
CFD trading doesn’t involve a user needing to directly invest in cryptocurrency instead the robot just trades the underlying asset’s price movements without needing to own it.
BitQL Pros & Cons
Pros
- 90% claimed success rate
- No hidden fees
- Fast withdrawals
- Easy registration process
- Free demo account
Cons
- No Mobile App
- Limited cryptocurrencies
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
How Does BitQL Work?
BitQL is a cryptocurrency trading platform with integrated technologies that are powerful and efficient. Artificial Intelligence (AI) is at the heart of this crypto trading robot. The powerful algorithm and AI analyse opportunities for the investor by studying the qualitative and quantitative data of the assets.
BitQL claims to process and analyse large data sets in milliseconds. The trading bot also claimed that trades are executed with a near 90% success rate. Because of its processing speed and precision, the BitQL robot has become well-known and popular. Furthermore, AI-driven crypto robots like BitQL are incredibly precise.
The BitQL platform employs Natural Language Processing (NLP) and advanced trading strategies to conduct news-based trading. Advanced short-selling strategies are among these techniques.
The crypto trading bot has no hidden fees or charges apart from a 2% commission of profits made by the users. Brokers may also charge a fee for trading with clients who use the platform.
To use BitQL, users need to sign up and deposit a minimum of $250. The signup process is also free, simple, and quick. To register and begin trading Bitcoin on the site, submit your name, email address, and phone number.
BitQL Key Features
- User-Friendly Platform
The BitQL app has a user-friendly interface that doesn’t require any advanced trading knowledge or expertise for new users. It offers manual and automated live trading options, giving its users an advantage over other crypto bots.
Furthermore, the dashboard allows you to personalise settings based on your preferences and the current situation of the cryptocurrency market. These features of the BitQL App are extremely valuable for investors who want to use the bitcoin robot in a combination of manual and automatic modes.
- Manual and Automatic Trading Options
BitQL allows users to trade manually or on autopilot. You can change the settings and use any accessible trading tool according to your preferences as an experienced trader. The automatic option is available to users who are new to the system or cryptocurrency trading.
- Advanced Trading Technologies
BitQL is built on top of cutting-edge trading technologies. Artificial Intelligence is at the heart of these technologies. Machine Learning (ML), Deep Learning (DL), and Natural Language Processing (NLP) are AI subsets that are at the heart of the system.
The trading robot can easily uncover successful trading opportunities faster than a human could with this automated software. Due to its lack of emotions, BitQL could be objective in its trading decisions. As a result, it’s a very efficient method of trading the cryptocurrency market.
- High-level Security
The platform claims that Secure Sockets Layer (SSL) encryption is used in the BitQL app. To be clear, this is a secure website certificate, indicating that BitQL is a secure trading platform. SSL encryption also protects traders from being defrauded and ensures that customer funds and data are secured.
Furthermore, the platform claims to comply with international data privacy rules.
- Demo Trading
The website supplies you with a $1500 sample currency to start the demo trading. It will assist you in better comprehending the cryptocurrency market and its applications.
In addition, you will have the ability to practice trading before engaging in actual trading when you register on the company’s official website. This will help you become used to trading on the platform while also test-running some trading strategies.
BitQL Fees
So, what are the fees involved if you’re ready to use the BitQL robot? This section delves into the cost structure for traders using this trading program.
| Trading Commissions | None |
| Account Opening Fee | None |
| Maintenance Fees | None |
| Withdrawal Fees | None |
| Profit Commission | 2% |
Customers are not charged anything extra by the dev team of this Bitcoin robot, as seen in the table above. Aside from the 2% profit commission, there are no further fees. The only cost associated with activating this trading robot is a $250 minimum deposit necessary before you can unlock this software. Also, trading commissions may be charged by the broker.
Is BitQL a Scam?
Is BitQL a scam? It’s difficult to say, given some of the facts presented.
Although BitQL offers a robot that executes automatic bitcoin trades, customers should be careful of the claims and carry out additional research. However, the platform claims that users can make hundreds of dollars every day without doing anything and that well-known celebrities have supported and are utilizing the program.
The platform claims to collaborate with brokers to manage the investor’s trading, although it doesn’t go into specific names of the supported crypto exchanges or platforms.
It also has a demo account, which new traders may find helpful in learning how to trade. A demo account is essential for experimenting with online trading. You can fund your account to buy cryptocurrencies safely when comfortable and familiar with the site.
Despite these claims, we couldn’t verify the legitimacy of the bot in our BitQL review. Therefore, we advise caution when dealing with this Bitcoin robot. Crypto trading is a risky business, so be sure you know what you’re doing before starting.
BitQL Minimum Deposit
BitQL requires a $250 minimum deposit to activate the cryptocurrency robot. This sum is comparable to that of other bots. The deposit is required for the bitcoin robot to conduct trading techniques to create profits for investors. However, we did observe that Bitcoin System’s website did not mention any funding options.
Many software in this category accepts popular funding methods, including debit/credit cards and bank wire transfers. Therefore, it’s conceivable that BitQL will accept them as well.
BitQL Customer Support
The bot’s creators claim to have a responsive customer service team available 24 hours a day, seven days a week. You can contact them for help if you’re having trouble registering, trading, or completing transactions. You can use your username, email address, phone number, or live chat to contact the company’s customer support team. Also, most customer support questions are answered within 60 minutes by email.
How to Use BitQL
BitQL does not have a mobile app, so we’ll use the desktop platform to explain how it works:
- Register for a BitQL account
The first step is to register with BitQL and create an account. To sign up for a BitQL account, go to their official website and fill out the registration form in the right corner. You will be required to input your first and last name, email address, and phone number in this form.
- Deposit Funds
After you register an account, you will be linked to BitQL partner brokers. To use the BitQL software, you must make a minimum deposit of $250. After that, you can fund your trading account with Visa, Maestro, Mastercard, and e-wallets. The platform claims that the broker partners are incredibly trustworthy and safe.
- Use a Demo Account
After depositing, you will be able to create a demo account to test out the trading platform’s features. This allows you to do a BitQL test before committing to full-time trading. In addition, you will be given a complete tour of BitQL’s features so that you may become familiar with them.
Using the demo account is similar to receiving training. You’ll also get a $1,500 test credit in your account to try out Bitcoin trading.
- Start Trading
Once you’re pleased with the demo account, you can upgrade to a complete version with all live trading features.
The Verdict
Because of its low barrier to entry and unpredictable price volatility, many investors have gotten interested in the crypto market as adoption continues to increase. This is why cryptocurrency trading bots like BitQL are growing in popularity.
To summarize our BitQL robot review, this platform analyzes Bitcoin and other cryptocurrencies using AI technologies. With a $250 minimum commitment, it can discover trading opportunities and help investors earn. The trading software promises a 90% precision rate.
However, we could not validate many of the developers’ claims. We advise you to trade with caution and only invest an amount you’re willing to lose.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.