Bitcoin trading robots are a popular type of trading software designed to identify and trade cryptocurrency market opportunities in a way that rivals the skills of humans. Today, automated robots such as BitQS have grown in popularity due to their ability to trade on behalf of investors.
In this BitQS review, we look at the crypto bot’s capabilities and how to set it up.
BitQS Summary
This quick BitQS review provides an overview of the platform’s features, giving investors an idea of what to expect from the platform. It’s both a Bitcoin robot and a bot for trading several other cryptos:
| 💠 Supported cryptocurrencies | BTC, ETH, DASH, BCH, DOGE, BNB, ADA, XRP, LTC. |
| 💥 Claimed Success Rate | 60% |
| ℹ Hidden fees | None |
| 💵 Minimum Deposit | $250 |
| 📱 Mobile App | Yes |
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
What is BitQS?
BitQS is an automated crypto trading software tool that uses advanced programs to reduce the dangers of trading in the crypto markets. The software uses artificial intelligence (AI) to scour the cryptocurrency market for profitable trading opportunities.
BitQS’s AI-powered infrastructure allows it to scan the market in seconds while taking into account an asset’s technical and fundamental performance. The BitQS robot, which operates semi-autonomously, can purchase and sell cryptocurrencies on a user’s behalf. Our BitQS review investigation reveals that the crypto trading robot can swiftly create stop loss and take profit options for users.
The BitQS platform collaborates with a number of cryptocurrency brokers who are tasked with conducting deals using the BitQS app. This usually necessitates registering with the supported cryptocurrency exchange – who handles the storage of the digital asset.
In terms of success rate, BitQS promises a 60% success rate. We were unable to authenticate this data, and we advise crypto users to exercise caution when utilizing the platform.
BitQS is free to use. This implies that there are no deposit or withdrawal fees with BitQS. Withdrawals can also be completed within a 24-hour period. There are no account opening or maintenance fees to be concerned about. You only have to make a minimum deposit of $250.
Our BitQS review further reveals that the trading robot is very easy to set up. The platform provides a streamlined trading process, as evidenced by the short sign up process. By clicking on the ‘Start’ button on the platform, you can activate the trading robot to scan for the best deals.
The crypto robot keeps track of 11 different digital assets, including Bitcoin, Bitcoin Cash, Ethereum, Cardano, and seven others.
Furthermore, BitQS users can only trade crypto CFDs.
CFDs are an abbreviation for contract for differences (CFD). They are financial derivative products customers trade as an asset’s price swings without owning it. In essence, an investor agrees with a seller to buy or sell an asset at a later period for a specific price once the contract expires.
Investors profit from the large changes in price between when the contract is purchased and when it expires. When investors buy Bitcoin through BitQS, they are purchasing a CFD, not Bitcoin itself.
BitQS Pros & Cons
Pros
- Fair amount of cryptocurrencies to choose from.
- Minimum deposit of $250
- Trade crypto CFDs
- User-friendly platform
- Works with several crypto brokers.
- Runs on automated software
Cons
- Unverified success rate
- No information on the team behind BitQS
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
How Does BitQS Work?
BitQS is based on high-performance trading tactics to provide investors with significant returns on investments. Despite the fact that investors must verify their email and phone number, the platform offers a quick onboarding process and does not require KYC information.
Signing up for the platform is as simple as inputting your email address, full name, phone number, and a secure, unique password into the registration page. This procedure takes only a few seconds to complete.
According to the BitQS test, the live trading system can only be activated if the account is funded with a minimum deposit of $250. Depending on the payment method selected, investors can deposit funds in seconds. Bank transfers and debit cards are some of the accepted methods by the Bitcoin robot.
Your crypto robot can begin trading immediately your account is funded. The trading robot does the heavy lifting after it is activated. It searches the market for the best offers and closes the deals.
This BitQS robot has a demo account version for new investors to practice trading. A demo account allows investors to safely purchase cryptocurrencies using virtual funds. Users may readily observe their strategies play out in real-time this way. Before activating the robot, users can view trading instructions in the BitQS instructional section.
The BitQS platform is similar to some of the best bitcoin robots that we have reviewed in the past. The robot employs its own AI to conduct multiple trade orders for consumers at the same time.
The trading bot collaborates with some of the best Bitcoin brokers. These supported brokers handle BitQS’s clients’ trade execution and custody. As a result, BitQS keeps an eye on the market for trading possibilities. It commences the trade once it discovers a profitable trade to be executed.
The BitQs bot then closes the orders using the exit parameters and takes profit points that were set up, alongside having a stop loss in place.
BitQS Key Features
From researching online reviews of BitQS the key points below were often raised:
Suitable for Beginners
BitQS’s operations are remarkably user-centric for such an automated platform. This is evident from its simple signup process, which requires simply personal details. The overall platform is very simple to use, and you may use the demo account to get a feel for how it works.
AI-Powered
The BitQS platform’s algorithm is supported by a powerful AI-based system that boasts a success rate of 60%. While we were unable to verify these claims, we believe that such technology could enable BitQS to recognize price patterns and open transactions before they become obvious.
Demo Trading
The demo trading feature allows investors to practice using the trading tools on the platform before live trading. The demo account simulates the live trading platform, granting users experience before executing their first real trade.
Responsive Customer Service
BitQS provides prompt customer service using live chat options and emails. There is no need for investors to wait in queues before their queries are answered. The bot has several channels opened where clients’ questions can be answered.
Low Fees
Deposits, withdrawals, and account opening are all free of charge on the platform. BitQS also has no trading fees or commissions. The platform’s $250 minimum deposit is the only expense factor for traders. Keep in mind that this is the first deposit required to activate the robot.
BitQS Fees
An overview of the fees applicable to BitQS users include:
| Deposit Fee | None |
| Withdrawal fee | None |
| Commissions | None |
| Registration Fee | None |
Is BitQS a Scam?
BitQS claims to collaborate with a number of brokers to ensure the security of user funds and information. The investors’ crypto funds are said to be stored with the brokers in escrow.
So, is BitQS a scam? We can’t give a definite answer based on the information supplied. For a start, there is no reliable information about its founders. This is not a deal-breaker, because a lot of trading software keeps the details of their founders private. We couldn’t uncover any proof to back up the claimed success rate, such as a third party audit or backtesting.
We discovered multiple BitQS reviews from previous platform users on Trustpilot during our research. On the platform, the crypto bot received a 4.0 rating in total from its past customers, which is above average along with positive reviews.
However, we were unable to verify the authenticity of these statements and online testimonials and reviews are sometimes fake. Remember that all trading entails risks, as crypto assets fluctuate in price more than those of other financial markets.
BitQS Minimum Deposit
On BitQS, the minimum deposit is $250. This is the bare minimum required to activate the software and begin effectively implementing a trading strategy. BitQS supports a variety of payment methods for the initial deposit. The site allows payment using credit/debit cards, bank transfers, and e-wallet solutions such as Skrill, and others.
Each deposit option requires a different amount of time to reflect your account.
BitQS Customer Support
Customer service is an important factor to consider when selecting a Bitcoin trading robot. A good and responsive platform gives investors the confidence they need to fully participate in a platform. As long as investors are assured of prompt customer support, they can confidently initiate transactions using the platform.
BitQS promises 24-hour customer service dedicated to resolving customer issues and does so in many languages. Investors can use the live chat feature, emails, and phone calls to get answers to questions about deposits, withdrawals, and registration on the site.
How to Use BitQS
Investors who want to get started on the BitQS platform can do so by following the steps below:
- Sign up
Investors can register on the official website of the BitQS platform by filling out the registration form. Users must supply their first and last name, email address, and phone number.
- Fund BitQS Account
After you’ve joined the platform, you can log up to BitQS as a user and deposit $250. Accounts can be funded using wire transfer, debit/credit card, Skrill, e-wallets, or PayPal. Each deposit type has its own time limit, however, the majority of deposits are completed in less than one business day.
- Demo Account
We recommend using the demo account before making the first trade. This will help you understand how the BitQS robot works and how to effortlessly place your transaction. We also recommend inspecting the trading bot to see how it reacts to recent fundamental news on an asset to see whether the declared success rate is correct.
- Start Live Trading
The final step is to configure your robot and begin trading. Investors can begin once their funds have been confirmed. Once investors are comfortable with all of the details, they can change the robot’s default settings to suit their preferences and also their risk tolerance. For the Bitcoin robot to begin exploring the market for opportunities, tap the ‘Start’ icon. When the robot finds a good trading deal, investors may specify their risk parameters and execute the trade through one of its supporting crypto brokers.
- Withdraw Earnings
BitQS assures that you can withdraw funds at any time using any of the payment methods available. However, you must make these withdrawals using the same payment method that you used to make the deposit. For example, if you deposited funds into your account with PayPal, the withdrawal must be made using the same payment method.
The Verdict
To conclude our BitQS review, let’s summarise some of the salient points from above. Our review has considered the robot’s features and how it works. We also highlighted the minimum deposits and the trading bot’s credibility regarding its success rate and other features.
BitQS is an auto trading software that helps investors trade the crypto market without their involvement. The sign-up process is simple and can be completed in minutes. The robot is also free to use. However, you’ll need to complete an initial deposit of $250 to get started.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.