Trading robot Bitcoin Bank enables users to execute trades in the cryptocurrency and FX markets automatically. The platform was created by fintech specialists and traders, according to the website, which does not reveal the names of its founders.
The platform promises that its software has a 99.4% success record and has won trading accolades, however, we have had difficulty verifying these claims. In this review of Bitcoin Bank, we will examine the validity of these assertions and go over the features and services offered by the robot.
The versatile and flexible bitcoin trading bot known as Bitcoin Bank gives users access to the market. The bot provides access to demo trading and contracts for differences (CFDs) using cryptocurrencies as the base currency. Its authors claim that it is totally free.
We were unable to verify some of the claims made by Bitcoin Bank’s creators. When communicating with the bot, we advise exercising caution. In addition to reading our evaluation, you can discover more about Bitcoin Bank by using the demo trading feature or by checking out customer reviews.
Bitcoin Bank Overview
|🤖 Robot Name:||Bitcoin Bank|
|👾 Robot Type:||Crypto Trading Robot|
|💸 Minimum Deposit:||$250|
|✅ Is It a Scam or Legit?||Legit|
|🚀 Claimed Win Rate:||84%|
|💰 Trading Fees:||None|
|💰 Account Fees:||None|
|💰 Deposit/Withdrawal Fees:||None|
|💰 Software cost:||Free|
|⌛ Withdrawal Timeframe:||24 hours|
|#️⃣ Number of Cryptocurrencies Supported:||50|
|💱 Supported Cryptocurrencies:||BTC, ETH, LTC, XRP|
|💲 Supported Fiats:||USD, EUR, GBP|
|👩🏫 Social Trading:||Yes|
|📋 Copy Trading:||Yes|
|📱 Native Mobile App:||No|
|🖥️ Free Demo Account:||Yes|
|🎧 Customer Support:||Live Chat|
|✅ Verification required:||Introductory Phone Call / KYC|
Bitcoin Bank Pros and Cons
According to the website there are no transaction or hidden fees
Offers a demo account for testing and training
No lengthy identity checks
No Bitcoin Bank app
Is Bitcoin Bank a Scam?
Bitcoin Bank’s software seems to operate as intended. However, the lavish claims made on its website are simply too good to be true. Your money is always at danger while trading in the bitcoin or forex markets, even though Bitcoin Bank’s software seems to work as advertised. There are no guarantees in the financial markets, and the website’s assertion that novice traders may make $1,000 per day in profit is simply too good to be true. The robot also asserts that it has won honors from US trading organisations, but we were unable to locate any evidence to support such claims.
Before investing in the cryptocurrency or FX markets, a trader must perform exhaustive due research. The price of an asset can vary in a matter of seconds due to the extreme volatility of the markets.
What Is Bitcoin Bank?
One of the several cryptocurrency robots that work in the sector, Bitcoin Bank guarantees earnings to account holders who put money into Bitcoin. With the money you deposit into your account, the auto trading platform allegedly executes deals using trading bots that are driven by AI technology. According to reports, this system searches cryptocurrency exchanges and keeps an eye on market movements to identify wise bets.
The purpose of cryptocurrency trading applications like Bitcoin Bank is to purchase Bitcoin for a bargain and subsequently sell it for a profit.
To establish a brand-new market of investing opportunities, Bitcoin Bank advises you to attempt auto-trading while the cryptocurrency is still in its infancy and the market is still extremely volatile.
The idea behind the platform is rather straightforward. On the surface, you can start investing in the market without having any prior knowledge of Bitcoin. While the company implies that a Bitcoin investment can change your life, the reality is far more nuanced, especially when it comes to auto trading. To begin with, this form of trading carries a very high risk, especially if you are unable to confirm the legitimacy of the brokers that Bitcoin Bank has associated with.
How Does Bitcoin Bank Work?
The Bitcoin Bank robot uses machine learning and artificial intelligence to manage trades throughout its platform. The goal of the bot is to find trends in market data and make recommendations on when to enter and exit trades.
It is significant to note that when trading, Bitcoin Bank utilizes contracts for difference (CFDs). You have the choice to purchase particular assets, such as Bitcoin, at a future date and at a defined price with the use of these financial derivative instruments. However, always keep in mind that all trading entails risk.
The difference between the asset’s current price and its price at the time the contract expires will decide your profit or loss. You trade CFDs when you utilize Bitcoin Bank. One cannot buy the cryptocurrency itself.
When using this bot to day trade cryptocurrencies, Bitcoin Bank works with a network of cryptocurrency brokers. These brokers are in charge of, among other things, position size, trade management, and trade execution.
Do you wish to learn how to invest in cryptocurrencies without putting in a lot of effort? The Bitcoin Bank robot is a thought-provoking instrument. The partner brokers of the robots will carry out the trades on your behalf once you have made the minimal deposit into your Bitcoin Bank account.
The website claims that this trading robot has a 60% success rate. The staff of the Bitcoin Bank claims that this sum. We advise exercising caution because trading cryptocurrency is risky and the market is extremely volatile.
Bitcoin Bank Overview
Minimum Deposit: €250
Claimed Success Rate: 99%
Supported Cryptocurrencies: BTC
Mobile App?: No
Key Features of Bitcoin Bank
Low-cost Trading Bot
Bitcoin Bank does not charge extra fees to customers for trading. This means that even on profitable deals, they don’t get any commissions. Bitcoin Bank stands out as one of the best Bitcoin robots for traders given that many trading bots take a cut of profitable trades.
The affiliate brokers of the bot may demand a fee for their services, so you should be informed of that. These costs may include trading commissions or account management fees. Make sure you comprehend these costs completely before working with a broker.
Bitcoin Bank collaborates with a network of brokers or bitcoin platforms. Your funds will be under the management of these brokers, who will also be in charge of managing and executing trades. We were unable to find any information on registration details or even the identities of the brokers on the robot’s website.
Demo Account Access
The demo account is accessible to Bitcoin Bank users. Using the demo account, you can test out your strategies and learn more about how the trading bot works. This is quite beneficial because you may test out the service using fictitious money.
Appropriate for beginners
Because it is flexible, Bitcoin Bank helps both new and seasoned traders. Even for beginners, it is simple to develop and operate the trading bot thanks to the platform’s user-friendly interface.
There are numerous dedicated support organizations for crypto robots. The same applies to Bitcoin Bank. The team behind the robot claims to be able to do this because they have a reliable customer service portal.
How to Use Bitcoin Bank – Step-by-Step Guide
Step 1: Open an account
You must register on the robot’s platform in order to use its services using the form above. You can log in to the Bitcoin Bank website once verification is finished. In order to familiarize yourself with the robot’s interface, you can try out the demo version before being requested to deposit money.
Step 2: Make a Deposit
You must deposit $250 or more in order to start auto trading. You can start auto trading after the money has been deposited by swiping the sidebar to “On.”
Step 3: Monitor Trading Bot
If you have autotrading enabled, the robot will look for prospective trades on your behalf and carry them out through the broker’s interface. A trader may also choose manual trading and define the criteria for initiating or terminating a deal.
Bitcoin Bank vs other Trading Robots
Minimum Deposit: $250 (in-line with other trading bots and platforms)
Success Rate: 99.4% (much higher than other platforms like Immediate Edge with 90%)
Can you make money with Bitcoin Bank?
The goal of Bitcoin Bank’s automated trades and investments is to increase your chances of success. The bot does not, however, assure earnings, and precautions must be taken to lessen dangers in the cryptocurrency market. If you’re a newcomer to the industry, do extensive market research and create sound plans that you are confident in and that let you keep your spending under control. This is done so you can simply monitor the bot’s performance and profit from any profitable tendencies the robot might have missed.
Keep in mind that the Bitcoin Bank profits you receive are based on your contributions. Due to the robot’s leverage of 1000:1, you can earn up to $1,000 per day more than the money you invested. Therefore, before you start trading or investing, carefully estimate your possible profits and take into account your tax deductions from the IRS or HMRC.
Tips for new traders
Knowledge is everything while investing. Before actually starting to trade, even a seasoned trader will need to do some market research and analysis on the forex and cryptocurrency markets. Avoid trading using leverage while you’re just getting started because it can result in significant losses and is best avoided until you have more experience. Before choosing to deal with Bitcoin Bank, traders can take into account the following advice.
Discover trading first. The features of the forex and cryptocurrency markets may not resemble those of the stock market to a novice. In order to reduce trading risk, it is always advisable to learn about trading on these markets and be familiar with strategic tools.
Recognize the cryptocurrency and forex markets. The main operations of cryptocurrencies and foreign exchange differ differently from each other and from other marketplaces. You will be obliged to store virtual money in wallets or on the platform if you are not working with a CFD broker. Therefore, find out how to establish security for your crypto assets.
Utilize a demo account to practice. Even if you have experience with forex or cryptocurrency trading, you should practice and open a demo account. This enables you to become familiar with the robot’s features.
Begin modestly. Always begin modest and expand your portfolio over time. Long-term investment plans are consistently the best ones.
If you can afford to lose money, invest it. Both the forex and cryptocurrency markets are risky and prone to volatility. As a result, the first and most important trading guideline is to only invest money that you can afford to lose.
Has Bitcoin Bank Been Endorsed by Celebrities?
Dragons Den – Peter Jones, Deborah Meaden
No. A TV reality program called Dragons Den connects aspiring businesspeople with well-known ones throughout the world for finance and partnerships. There have been numerous episodes of the show so far, but none of them are focused on Bitcoin Bank. Although Bitcoin Bank and Dragons Den have not been specifically mentioned as of the time of writing, we have included them nonetheless because this is a program that is frequently mistakenly linked to cryptocurrency trading robots.
No. Elon Musk is the CEO of Tesla and SpaceX as well as a Bitcoin investor. Because of this, many people think he is connected to Bitcoin Bank. According to our study, there is no evidence that Musk supported or employed this robot to automate his investments.
Despite claims and assertions, our research could not find a single shred of evidence backing up the fact that Jeremy Clarkson may have endorsed the Bitcoin Bank website.
Holly Marie Willoughby
Despite claims and assertions, our research could not find a single shred of evidence backing up the fact that Holly Marie Willoughby may have endorsed the Bitcoin Bank account.
Despite claims and assertions, our research could not find a single shred of evidence backing up the fact that Idris Elba may have endorsed the Bitcoin Bank website.
Despite claims and assertions, our research could not find a single shred of evidence backing up the fact that Ant McPartlin may have endorsed the Bitcoin Bank app.
Despite claims and assertions, our research could not find a single shred of evidence backing up the fact that Nicole Kidman may have endorsed the Bitcoin Bank app.
Despite claims and assertions, our research could not find a single shred of evidence backing up the fact that Trevor Noah may have endorsed the Bitcoin Bank crypto trading platform.
No. Gordon Ramsay is a well-known British television presenter and celebrity chef. He has a fascination with cryptocurrencies, and there have been reports linking him to Bitcoin Bank. According to what we have discovered, he has neither sponsored Bitcoin Bank nor is he affiliated to the robot.
Is It Possible to Withdraw Earnings?
Your assets and earnings cannot be stored in a bitcoin wallet provided by Bitcoin Bank. Your funds can only be accessed through the brokers because it is linked to them and stores them there. The steps for taking your money out after it has been earned through automated trades and investments at Bitcoin Bank are listed below.
Log into your trading or investment account on the platform of a broker that is connected to Bitcoin Bank.
Go to your wallet and select withdraw to begin the withdrawal procedure.
Choose your preferred payment option—PayPal or a bank—and enter it.
Enter the desired withdrawal amount.
The withdrawal procedure, which could take up to 24 hours to complete, can be started by clicking proceed.
Remember that the majority of cryptocurrency brokers do not accept settlements in crypto assets, hence Bitcoin Bank accepts a number of fiat currencies to make the withdrawal process as simple as possible. Choose your favorite fiat currency as a result to make a successful withdrawal.
What are the fees for Bitcoin Bank?
Charges play a significant role in cryptocurrency trading. Here is a summary of the cryptocurrency robot’s fees structure from the website for our Bitcoin Bank review:
According to the Bitcoin Bank website, there are no costs associated with using the service. Profits earned are entirely yours. What is actually yours, though, is what’s left after your brokers’ fees are subtracted. Beyond the initial $250 deposit, you are under no obligation to hold onto or give Bitcoin Bank any additional funds.
Transaction Fees: None
Trading Commissions: None
Account Maintenance Fees: None
Hidden charges: None
It’s difficult to express this. On the Bitcoin Bank website, we couldn’t find much information about brokers and exchanges that are subject to regulation. However, as we have already indicated, we advise you to stay away from any brokers who offer absurdly high leverage on your deposit because they are almost certainly unregulated. CySec, FCA, ASIC, and FSB are the top regulators of cryptocurrency traders; seek any of these organizations before doing business with any dealer.
Your personal information is technically safe at Bitcoin Bank because SSL encryption is used to protect it. We cannot, however, ensure that your money will be secure and that you will benefit due to the problems with the difficult withdrawal process and the high level of risk associated with leveraged transactions.
The navigation of the app itself, Bitcoin Bank, is simple. The user interface is elegant and rather simple. Fast account creation is likely a result of the company’s desire for you to deposit money and start trading. Use a demo account to practice trading without using real money if the Bitcoin Bank site is confusing you.