The Bitcoin Trader is the latest and hottest new software to hit the market. It is a lightning fast, laser accurate method of pinpointing the right times to buy and sell Bitcoin, the hottest market in financial trading today. The system is owned and operated by some people in some country, I don’t know, they don’t put a single piece of relevant information on their website. If my cynicism hasn’t struck you yet, you might want to read on.
- 1 The Bitcoin Trader In Review
- 2 Is The Bitcoin Trader A Scam?
- 3 What does the Bitcoin Trader Claim?
- 4 How Does It Work?
- 5 How to begin trading on Bitcoin Trader?
- 6 Something else I need to know about Bitcoin Trader?
- 7 Has Bitcoin Trader appeared on TV and on Facebook?
- 8 Conclusion
The Bitcoin Trader In Review
The Bitcoin Trader is a fully automated algorithmic trading tool designed to trade the emergent cryptocurrency market. The tool works by targeting volatility within the market with laser accurate performance. They boast a 99.4% accuracy rate and the ability to double, triple and even quadruple your money in only a few trades.
The software is built on the most advanced programming the world has ever seen, according to them, and able to literally see into the future. They claim the algorithm is 0.01 second ahead of the market, plenty of time to enter the best trades at the exact right minute. The ability to make this “time leap” as they call it puts the software right up at the top of the list when it comes to consistency and reliability if by reliability they mean it loses your money and gives it to them of course.
If you don’t believe it you can surely trust the American Trading Association, a hallowed organization which just awarded the Bitcoin Trader #1 spot in their trading software category. Don’t worry, I checked to make sure the ATA was a real organization and guess what, it isn’t.
To be fair I did sign up to see what would happen and it was this; I got sent directly to the cashier page on OptionStars where I was prompted to make a deposit. I hadn’t even really set up an account yet so this was really sketchy a definite scam. OptionStars is a white label built on what I think is an older version of the Tradologic platform. Regardless, the platform sucks. . . and there isn’t even a robot or AutoTrader that I can find so not sure what the whole Bitcoin Trader thing is all about.
They do have digital cryptocurrency pairs available in the drop-down asset list. These include BTC/USD, ETH/USD and some others alongside the traditional forex offerings. The trading is classic binary with expiry as short as 60 seconds and as long as the end of the day. They also have range, one touch, and touch/no touch for those looking to lose their money in a more exotic way.
Is The Bitcoin Trader A Scam?
YES! It is. The better question though is if OptionStars is a scam and the answer to that is also a resounding yes! The broker is headquartered in Samoa, has no regulation, uses the worst of the bad bonus terms, has no interest in your well being and won’t give you your money back let alone any profits you make. Keep in mind that depending on your region, you might be directed to a different broker but I doubt it will be any better. And one more thing: the web address of the Bitcoin Trader System has already changed a few times, so it is likely to change in the future (probably to avoid getting caught). Don’t be fooled, it’s the same cheap scam, with minor variations in the website name.
These are not the droids you are looking for, move along, move along. Looking at the long list of complaints at the bottom of this page, we can completely reassure this is a scam, and we were right from the beginning! Just take a look at what our users have to say about it:
Too many promises, too aggressive and a definite scam! This guy sums it up perfectly. Unfortunately, some people still fall for empty promises and lies spread by these robot makers.
Phil from Auckland has done the smart and common-sense thing: he actually researched and read some reviews BEFORE reaching for the wallet and giving money away. By the way, you’re welcome! And speaking of reviews: please be careful what you read or more importantly what you trust because a tool (among many others) to get more clients for their scam is to pay for positive reviews.
What does the Bitcoin Trader Claim?
The claims present on the website of Bitcoin Trader scam are what make our task easy to call it a scam! Have you seen anyone becoming a millionaire just by trading in binary options? The answer maybe yes but it is very rare and only in extraordinary instances have people earned huge profits. Its not that binary options are not good to trade with. What we are trying to highlight here is that no matter what the people behind the scenes try to project, the real story is all the same. For instance, the website claims that anyone can earn up to $1300 daily working for just a few hours. This is false but still believable. But how does one become a millionaire in the first months of using the Bitcoin Trader system? These claims are nothing but a bunch of lies which you should be very clear with.
How Does It Work?
There is no clear information as to how the Bitcoin Trader works. Just a couple of references here and there on their website and nothing else. It is mentioned that the Bitcoin Trader software has been created with the most advanced programming the trading world has ever seen. Really? Have the scammers invented a whole new programming language or what? The false claims do not stop here. It is further mentioned that the software is able to predict the trades outcome in advance. The software is 0.01 seconds ahead of the markets. How in the world does the software achieve all of it is left for our imagination.
The scammers have broken all their previous records this time. Its not that they have really invented some software which broke all records! They have achieved such a high success rate that is unheard of in the Binary options world. Did you visit their website and notice just how much percent is the winning rate of the Bitcoin Trader? Well if not, let us mention it here. Its an insane 99.4% success rate. They say they would help you “double, triple or quadruple your hard earned money”. Not really! Your hard earned money would be simply stolen by the crooks and you would be left with nothing to spare.
In summary, the working of the software has not been explained. All scams call their software to be the most advanced and ahead of the times. All the images of young men and women seen enjoying are nothing but a cruel joke with all of those who see such websites and offers with hope.
How to begin trading on Bitcoin Trader?
Before actually trading with your real fund, you should use the demo option. The demo trading utility of this software, is a great to learn how trading works on this platform. One must not avoid it at all costs as it is an excellent knowledge provider. Here the users get hands-on experience, and when they run out of the balance, which is also a demo, by the way, they can begin with actual trading.
In order to begin with actual trading, first, start with a lesser amount. This is because before buying and selling, you have to acquaint yourself with the proceedings and tools that the software offers. Now change the trade setting and enter the amount that you’d like to start with. Options of taking profit, daily making profit, maximum concurrent trading, etc. can be customised.
What if I need more help?
Your problem, in this case, is also sorted with Bitcoin Trader! There is customer service available with an option of live chatting. If you feel you need some help at any stage, you can consult them freely.
Can we use Bitcoin Trader on our mobiles?
The answer is yes! Bitcoin Trader only requires a functioning browser and an Internet connection. Thus, any browser such as Safari for iOS or Chrome for either of the two would work without any problems. However, if you’d like to ease your experience and are expecting an app for the same, then you will be disappointed. There is no app available for Bitcoin Trader at either the PlayStore or the AppStore.
If you are convinced with the abilities of this software and would finally begin trading, stop, for a minute. Don’t you know every coin has two sides? This is why we’re going to list down some pros and cons of this trading robot. Scroll further to find out.
Pros / Cons
- Hassle-free registration process.
- Very precise customization available for trade settings.
- Demo trading mode rocks. Get the trading experience with spending virtual money.
- We got a profit of $178. So, you can try.
- No app is available for iOS as well as Android.
- A piece of bad news for US residents: We are incredibly sorry to let you know that Bitcoin Trader is not available for use in your region. Nevertheless, you can use brokering service like eToro which accepts US citizens.
Something else I need to know about Bitcoin Trader?
Yes, you do! Give the following points a read!
- Even though the procedure at this software is fully automated and never handled by a human at any stage of trading, it is advisable to use a small amount of funds. Although such mistakes are negligible, in case the market rates take a rough route, you should be in a safer position with your investment. No matter the pros, the risk factor always accompanies.
- No app is available for iOS as well as Android. Therefore, if your phone’s browser gives you problems, beginning trading on such a device is not advisable.
Not convinced? We totally understand! However, we can recommend another option for trading bitcoins or any other cryptocurrency for that matter, if you do not trust automated trading robots. If you’re interested, keep on reading!
This method is called trading through CFD broker. CFD stands contact for the difference. This method allows you to contemplate on the rising and falling bitcoin trends and enables you to act accordingly. One way in which this method proves useful is that here you can leverage your fund to be traded in the margins that you prefer. This feature is not available in automated softwares.
Moreover, one more advantage that this method has is that many of these CFDs are supported by central financial authorities. This ensures that even though trading is going on, the amount of funds of users is well protected according to the authority guidelines.
Isn’t this a perfect solution for you in case you still doubt the automated robots? We think, yes!
Has Bitcoin Trader appeared on TV and on Facebook?
Even though you probably seen Bitcoin Trader on TV shows or many Facebook ads, they are false and most likely a product of fake news platforms. Bitcoin Trader was never advertised on TV or endorsed by celebrities.
When typing Bitcoin Trader on Google, a link with popular TV show Dragon’s Den popped up at the top. This is so because there are suggestions that there is a Bitcoin Trader Dragons Den collaboration. These suggestions came up when ads made rounds on the internet. However, official sources say otherwise. Network 10 occasionally warns that there is no collaboration between the software and the TV show cast as they are all “false and misleading”. Naomi Simson wrote on her social media page urging anyone who sees the ads to report them.
Similar findings were reached when investigating Bitcoin Trader’s link to Shark Tank. Despite the rumors, we have found no connection between the robot and the TV show. If you do find some information stating the opposite, it is most likely fake and should not be trusted.
At the end of our investigation, we can safely confirm that Bitcoin Trader is a reliable investment solution. According to real users of this app they have managed to generate consistent returns from their investments. They say that the software has helped them achieve their trading-related goals.
Our findings were also satisfactory. We are pleased to announce that Bitcoin Trader is faithful to its members and works to assist them in the best way possible. With a user-friendly interface, professional support service, range of special features and advanced algorithms, this trading system has excelled at building solid customer relations and helping its members attain success in the field of online trading.