Our Verdict
Given the evidence at hand, we can confidently say that Bitcoin Compass is real. The system is protected and reliable. It provides novice traders with guidance and newcomers with some trading control of the Bitcoin compass app.
Users can use an auto trading bot, as seen in our evaluation of the Bitcoin Compass account. The forecasts are ensured to be accurate with the application of artificial intelligence. Reliable brokers then carry out the transactions. Even though the website withholds their identity, they are all ECN.
Bitcoin Compass Overview
| 🤖 Robot Name: | Bitcoin Compass |
| 👾 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 |
| 📊 Leverage: | 5000:1 |
| 👩🏫 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 Compass Benefits & Drawbacks
Let’s examine the benefits and drawbacks of Bitcoin Compass.
Benefits
It is easy and cost-free to register.
Auto trading platform
Fast verification procedure
There are several deposit options.
Withdrawals typically take 12 hours to complete.
Customer service is available 24/7
User and transaction data are protected by SSL encryption.
ECN brokers are partners.
Demo trading for the exchange platform
Disadvantages
Not available in the United States.
There is no native mobile app.
Is Bitcoin Compass Legit?
There are several signs that a trading website is fraudulent. It is initially unregistered. Second, no information about internal activities is made public. Finally, it guarantees unconstrained benefits to investors.
The website does not promote itself as a tool that enables users to gain millions of dollars either immediately. Going to a website’s homepage may teach you a lot about it, how it works, and how to register.
Additionally, it aids customers in securing themselves against market turbulence. A trader is always free to impose deposit or stop-loss restrictions. You can carry out safe and secure bitcoin transactions on this auto trading platform.
What Is Bitcoin Compass?
An AI-powered trade bot may trade on a user’s behalf on the automated trading platform known as Bitcoin Compass. Additionally, the bot can have complete control over trading decisions. In other words, the software decides which transactions it will make in order to profit.
Despite the name of the site, users are not compelled to trade on this automated trading software. The service supports a number of cryptocurrencies, including Bitcoin, Litecoin, Ethereum, and Ripple.
Even more ironically, you can pay with Bitcoin, which is a special way to make payments. To start trading, a minimum investment of $250 is needed.
How Does Bitcoin Compass Work?
In order to maximise return on investment in this auto trading system, Bitcoin Compass uses leveraged crypto CFDs while assisting customers in identifying attractive trading situations. To optimise trading in various market situations, users may even diversify their portfolios and swap between the 15 different cryptocurrencies provided.
The trading algorithm for the platform has grown and learned the ideal price trends to open crypto positions as a result of previous trades. The user then has the option of opening these trades manually or programming the automatic trading programme to do so. In any event, to enable its users’ trades, Bitcoin Compass uses a partner broker for its auto trading systems.
The website claims to have had a successful track record in recent years. Bitcoin Compass is mostly used for unsupervised cryptocurrency day trading because users can only run the automatic trading algorithm for 8 hours every day.
Key Features of Bitcoin Compass
Here are the four main characteristics that set Bitcoin Compass apart from other trading platforms of a similar nature.
Different Trade Limits
Using the service, users may rapidly implement a number of limitations. Some people have a protective nature. An example would be a stop-loss order. On the other hand, some people are merely practical. Users can limit how much money can be removed from an account, for example, by setting a payment threshold. Before the sum is reached, you won’t be compensated.
Modern Security Techniques
You shouldn’t be frightened about someone stealing your personal information. Data is encrypted with SSL encryption, which lowers the risk of criminality on the website.
Rapid Payments
Fast payments often entail receiving the money in less than 24 hours. However, Bitcoin Compass went even farther, asserting that money could be transferred in as little as 12 hours.
How to Use Bitcoin Compass for Trading
Here are the steps for trading on the website.
Signing Up
Fill out the form on this website. In only four easy actions and a few minutes, you may finish the registration.
Practice
Before starting a live trading session, everyone should practise on a demo account. It will help new users gain a fundamental grasp of the trading platform and why a trading session is required. Amateurs can start by evaluating the platform and their trading skills on a demo account.
Initial Investment
Prior to starting actual trading, a $250 deposit is required. Your initial capital investment on the site is this deposit.
Begin Trading
You are now ready to work for a living. Simply decide whether you want to fully rely on the bot or pre-set specific orders, then start buying and selling digital currencies. The bot may be programmed to operate alone for up to eight hours.
Bitcoin Compass Vs. Other Trading Robots
Bitcoin Compass
Regular Trading System
Registration
Bitcoin Compass: The service is rapid and cost-free. The process might take up to five minutes. Verification is necessary for account activation.
Other Robots: Varies a lot. To prove its legality, a lot of paperwork is often required to be submitted. You might need to put in several hours.
Depositing
Bitcoin Compass: There are several ways to make a deposit. at least $250.
Other Robots: Typically, the minimum deposit is higher. Even up to $2000.
Easy for Newbies
Bitcoin Compass: Free of charge are advisory services, a real training manual, and a trial account.
Other Robots: They often help traders with at least some experience.
Can You Make Money with Bitcoin Compass?
The trading service’s profitability is based on its success rate. The success rate is, in the simplest words, the proportion of deals that are lucrative. According to estimates from Bitcoin Compass, the rate is over 90%. However, based on our investigation and analysis, the success rate is somewhere around 70%.
It implies that 7-8 out of every 10 trades will be profitable, which is a positive figure. The trading platform claims that the return on investment (ROI) may reach 60%. Even while the findings aren’t quite 100%, they seem to be accurate, in contrast to those who assert that their success rate is 100%. It is clear that it is challenging to automatically and consistently identify profitable deals.
Tips for New Traders
Paying close attention to your trading behaviour is essential. Following are some suggestions for novices to reduce the likelihood of losing:
It is suggested that traders begin with a $250 minimum commitment. In the event that the trader loses, the loss is minimised.
The user should consistently withdraw their gains and reserve a little sum for reinvested. They shouldn’t ever invest the full amount because there is a chance they may lose it all.
The traders must always adhere to the advice of the expert. Students should also do some research and educate themselves on the field they are joining.
According to the user, only invest what you can afford to lose.
What Do Celebrities Think About the Bitcoin Compass?
The proprietors of the websites concur that a number of false rumours are spreading around Bitcoin Compass and famous people. The platform, however, formally disputes this. It’s a helpful sign because many similar websites promote the myths in the exact opposite way to attract more attention.
Is It Possible to Withdraw Earnings?
Bank transfers and bitcoin wallets are only a couple of the withdrawal options offered by Bitcoin Compass. The platform was created primarily for traders worldwide, therefore withdrawals may also be made at any time.
At Bitcoin Compass, withdrawals are rapid and easy, and the procedure takes only just a few seconds. You will get your refund within 24 hours of submitting your refund request.
What Are The Fees for Bitcoin Compass?
No platform or maintenance fees are assessed by Bitcoin Compass, and trading costs are determined by the partner broker utilised to open positions. To begin trading, a deposit of just $250 is needed, and profits may be taken out within 12 hours.
No licence fees
No deposit costs
Fees for withdrawals None
Variable commissions across partner brokers
FAQs
The website is 100% safe. To start, SSL encryption is employed to protect user data. Second, it enables you to set deposit and stop-loss limits to protect your money from market fluctuations.
The service is entirely genuine. It is an authorised trading system that integrates with ECN brokers. The platform protects user information while providing reliable information on the functioning of the bot.
The auto trading bot decides which cryptocurrency to buy or sell in order to make money from a contract. Decisions are made using technical analysis, which is the study of crypto market trends.
The auto trading bot allows you to generate income. The service claims that it has a 70% victory rate and a 60% ROI. It indicates that three of every five transactions you do should be profitable.
