Bitcoin Trading Guide with Broker Reviews and Tutorial

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Contents

Bitcoin Trading and Brokers

Buying or trading bitcoins has quickly become one of the most popular and potentially profitable investing methods. The value of bitcoin in relation to other currencies (typically USD) varies wildly almost from minute to minute, making it very interesting from a binary options point-of-view. Buying actual currency or using CFDs on longer time spans should also be considered highly interesting options.

There are now also brokers that accept bitcoin, and other cryptocurrencies, as deposit methods. So traders can fund their account, and be paid out, in Bitcoin or Ethereum etc. Find Out More

Top Bitcoin Brokers

BinaryCent $100 85% 100% Bonus on ANY 1st Deposit » Visit

BTC/USD Chart

Basics

Bitcoins are a worldwide phenomena and a growing interest in binary options. The digital currency has a wickedly volatile exchange rate making it perfect for binary trading of all expiries. The popularity, and notoriety, of the currency also makes it a prime target of potential scams and the like, so be aware and only trade with trusted brokers such as the ones we list here on binaryoptions.net.

To begin trading Bitcoin binary options you should have at least a marginal understanding of what they are. Basically, Bitcoins are digitally created currency units that can be spent anywhere Bitcoins are accepted. They are meant to be a free and easy system for international trade that is not reliant on central banks or charges outrageous fees. The coins are based on a very complex cryptographic algorithm that produces value in a process referred to as “mining”. Miners, usually tech savvy computer operators, create the coins by running the program, which strictly limits the number and pace of coins that are “mined” ensuring they are not devalued. As coins are mined they become available for sale, trade or exchange. Bitcoins are now used to exchange currencies around the world and for international trade but have yet to be embraced by the world powers.

A few years ago, the number of brokers offering Bitcoin as an asset to trade was very low. Now, the opposite is true. Several brokers now offer trading on Bitcoin and also some of the lesser-known crypto currencies such as Ethereum or LiteCoin. So traders now have a range of choices when it comes to finding a broker that offers cryptocurrency trading. If your current broker does not offer it, consider moving.

Bitcoin Wallet

To buy and sell bitcoin (rather than simply speculate on the price), you need a cryptocurrency ‘wallet’. This is where security and transparency are crucial – these wallets hold your virtual currency, so you are absolutely reliant on them. We recommend a service called Hodly, which sets high levels of security and has the backing of major finances to ensure their robustness:

How Bitcoin Trading Works

Sensing a new opportunity with Bitcoin and binary options, some innovative brokers have come up with ways to trade binary options and Bitcoin together. There are essentially 2 ways to trade Bitcoin binary options. The first method is by using Bitcoin as a medium of Exchange. The second method is by using Bitcoin as an underlying asset.

Bitcoin as a Medium of Exchange

When it comes to using Bitcoin as a medium of exchange, traders will be trading the various underlying assets in financial markets with Bitcoin. For example, they may be trading the EUR/USD currency pair and call upon a rise or fall upon the expiry of the binary option. So if their trade is successful, they will be paid in Bitcoin instead of fiat currencies like the U.S dollar or Euro.

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You might be wondering why anyone would just want to accept Bitcoin when getting paid in U.S dollar as always been fine before. The first benefit of transacting in Bitcoin is the fact that the cost of transaction is the lowest among all forms of online payment. This is the very reason why Bitcoin was created in the first place, to lower the cost of online transaction. Since there is no central authority managing Bitcoin, no service fee is paid when receiving or transmitting payment.

Bitcoin Trading

Another key reason for traders to use Bitcoin in Binary options trading is to earn extra Bitcoin. Bitcoin by itself is traded and its value to the U.S dollar varies according to the demand for it. By having all the trading transactions denoted in Bitcoin, a trader is able to shield himself from the fluctuation of this crypto currency while at the same time earn more of it through profits earned in trading.

Nevertheless, it should be noted that this form of trading is however confined to binary brokers who will accept Bitcoin as a medium of exchange. In other words, there are only a limited number of binary options brokers which fall into this category.

Bitcoin as an Underlying Asset

Another method of trading Bitcoin with binary options is to regard Bitcoin as an underlying asset. As mentioned earlier, Bitcoin itself is traded on specialized Bitcoin Exchanges. Its exchange rate in relation to the U.S dollar rises and falls in accordance to the demand for it.

For example, during the Cyprus banking crisis in 2020, loss of confidence in Euro led to investors switching their safe haven of wealth from the Euro to Bitcoin. This sudden surge in demand for Bitcoin helped to push its value up to almost on par with the value of gold prices. Because of this volatility, some binary brokers began introducing binary options contracts which tied to the value of Bitcoin. In other words, Bitcoin is traded just like any underlying assets that we find listed on most binary brokers’ platforms.

Deposit And Trade Using Cryptocurrency

Some brokers will now accept bitcoin as an account funding method. This allows traders to deposit, trade with, and be paid out in Bitcoin. The leading broker offering such a service is BinaryCent. They will accept 15 different cryptocurrencies as deposit methods, including Bitcoin, Ethereum and DASH.

Best Bitcoin & Cryptocurrency Broker → Comparison & Beginner’s Guide

Looking for the best Bitcoin broker? There is a wide range of brokers on the crypto market, which doesn’t make the decision easier. If you want to trade Bitcoin (BTC) and cryptocurrency you need a broker with low fees, high leverage, and the best trading tools! Why should it be difficult?

We help you compare and choose the best Bitcoin trading platform. It only takes a few minutes to open an account. Learn everything about Bitcoin Trading and how to trade Bitcoin. This guide gives you the best chance to make money day trading Bitcoin. Get started now!

Below is our comparison table where you choose the best Bitcoin / Cryptocurrency Broker for you. In the beginner’s guide, we also help you choose the right Bitcoin trading software, trading tools, and successful Bitcoin trading strategies. Compare brokers now →

BEST BITCOIN BROKER

Overview

How to Choose the Right Cryptocurrency Broker?

Basics 101: How to Trade Bitcoin

Day Trading Bitcoin: Learn Technical Analysis!

The Best Bitcoin Trading Software & Tools

Get Started: Trading Bitcoins for Beginners

Conclusion: Best Bitcoin Trading Platform

Invest in Bitcoin here!

Frequently Asked Questions

Join The Discussion!

Top 3+ Bitcoin & Crypto Brokers – April 2020

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Do you want to jump to any section?

How to Choose the Right Cryptocurrency Broker?

Basics 101: How to Trade Bitcoin

Day Trading Bitcoin: Learn Technical Analysis!

The Best Bitcoin Trading Software & Tools

Get Started: Trading Bitcoins for Beginners

Conclusion: Best Bitcoin Trading Platform

Frequently Asked Questions

Welcome to CryptoRunner! I’m David Andersson, co-founder of this site.

We understand that cryptocurrencies can be confusing and frustrating. That’s why we are here to help you.

How to Choose the Right Cryptocurrency Broker?

There are many things to compare when choosing the right Bitcoin and Cryptocurrency Broker. We have compiled the most important together with our rating in the comparison table above. This makes it easy for you to choose the Best Bitcoin Trading Platform.

However, there are more things that are good to check and compare. To choose the right broker, look at the following:

  • Customer Satisfaction: The best way to choose bitcoin brokers is to test their trading platforms. But the quickest and easiest way is to listen to what their customers say. Are their customers satisfied? To help you answer that question, all brokers on this page have a rating (with numbers 1-100 and stars 1-5).
  • Broker Regulation: It’s essential that you use a regulated broker. This is especially true when you’re trading cryptocurrencies. If the broker is unregulated, your money will not be protected. ** All brokers in our comparison table offers regulated CFD trading which means that your money is protected. **
  • Fees and Costs: If you’re planning to trade Bitcoin and cryptocurrency you need to choose a broker with low fees and costs. NOTE! It’s common for brokers to advertise their platform with “zero fees”. However, this usually means you have to pay an additional cost called spread (the difference between buying and selling price).
  • Trading Platform: The most important thing for a professional Bitcoin Trader is to use a good trading platform. (Provided that the broker is regulated and has reasonable fees.) The market consists of a variety of trading platforms with different features. You need to open an account and try!
  • Minimum Deposit: Some brokers require a minimum deposit, while others don’t have any at all. If the minimum deposit is high, it usually means that the broker is serious. However, a trading account without any minimum deposit can be a way for new cryptocurrency brokers to get customers. For whatever reason, the minimum deposit should not affect your choice of broker.
  • Customer Service: Not all cryptocurrency brokers offers reliable and fast customer support. Do they provide customer support 24/7? Is there chat support, phone support or both? Bigger players on the market usually offer this, but not always by smaller brokers.
  • Leverage: You can always trade with leverage if you use Bitcoin CFDs. We recommend choosing a CFD broker because leverage is an important tool for traders. Leverage means that you can borrow money to get higher returns on your trades. It usually varies between 1:5 and 1:300. NOTE! A typical beginner’s mistake is to use too high leverage. Use the tool responsibly! Professional traders rarely use more than 1:5 in leverage.
  • Free demo account: Cryptocurrency brokers usually, unlike exchanges, offers a free demo account. Take advantage of the opportunity to test the trading platform and its features. Or are you ready for the real deal? Deposit a smaller amount of money and make some buy and sell orders before you risk your capital. A good way to learn how to trade Bitcoin.

Beginner Guide: Best Bitcoin Trading Brokers

Are you a beginner or want to learn more about trading? You have come to the right place! This complete beginner’s guide will help you choose the best bitcoin trading broker and get started with trading. Making money on trading is harder than it seems. However, it’s easier to trade cryptocurrencies than other securities such as stocks. This is due to several reasons.

Advantages of Trading Bitcoin

  • Lower fees and smaller spreads – Brokers with Bitcoin trading sites tend to have low fees and small spreads. This is because the crypto market is more transparent and easily accessible than other markets.
  • Less price manipulation and algorithm trading – The stock market often gets criticism that larger companies and other groups manipulate the price. The majority of all orders are also executed by robots. Bitcoin and cryptocurrency is a smaller market with less price manipulation and algorithm trading. This creates a level playing field for all traders.
  • More active individuals with little experience – Technical analysis, which is the foundation of successful trading, works better when the market consists of inexperienced individuals. Trends and patterns become more apparent and easier to analyze. All beginners in day trading make classic mistakes. You can take advantages of it.

What Is the Difference Between a Broker and Exchange?

If you want to earn money from trading cryptocurrency, we recommend a CFD Broker on this page. CFD (Contract For Difference) is a contract that reflects the price of an underlying asset. This includes cryptocurrencies. Brokers offer the best Bitcoin trading platforms because their products aimed at traders. Your money is also protected by the broker.

If you want to invest in Bitcoin and other cryptocurrencies, you can buy them at a Bitcoin Exchange. This is for long-term investors. But it also means you are in charge of security. NOTE! If you buy real cryptocurrency, you must also buy a Bitcoin Wallet to keep them safe.

Keep reading and learn how to trade Bitcoin →

Basics 101: How to Trade Bitcoin

Do you have no experience of trading? Don’t worry! We will tell you everything you need to know about Bitcoin Trading. Learn the basics and start trading today →

What Is Trading?

Trading makes it possible to make money when the price varies. This is something that has become popular with cryptocurrencies. Bitcoin is the first and largest cryptocurrency, but there are hundreds of others on the market.

Day trading Bitcoin, as the name suggests, means that you only trade during the day. In other words, all open positions are closed when the market closes. However, since the crypto market is open 24/7, you can trade Bitcoin around the clock!

How Does It Work?

There are two different ways to make money with trading. Either you earn money by buying low and selling high (this is called a long position). The price difference will be your profit.

You can also make money when the price drops by selling high and buying low (this is called a short position). When you take a short position, you sell cryptocurrency that you bought for borrowed money. If the price drops, you can buy it back cheaper and earn money on the price difference.

You earn money on the price difference when you trade cryptocurrency. This means that Bitcoin traders want to see significant price variations, also called volatility.

If there is high volatility, there are strong price movements. Therefore volatility is used as a risk measure. High volatility means big price variations but at the same time a big opportunity to make money with Bitcoin Trading.

This is the difference between trading and investing. If you invest in a cryptocurrency, you want the price to increase, but at the same time have low volatility.

As a trader, you earn money on volatility and high risk. Trading is a risky business which doesn’t fit everyone. It’s important to understand the risks of trading.

Day Trading Bitcoin: Learn Technical Analysis!

There are two different methods for analyzing an asset, Fundamental Analysis (FA) and Technical Analysis (TA). Fundamental analysis is to evaluate the asset’s underlying value. For example, company reports are used to determine the fair value of a business.

With technical analysis, you let the market evaluate the financial asset and instead analyze price and volume to predict price movements. Technical analysis is based on statistics, and you use different parameters to see which price change is most likely.

You analyze the graph to see trends, patterns, and formations in the price. There are numerous technical indicators for analyzing trends and formations. To analyze the price, traders use candlesticks because it contains more information than a regular line graph.

As you can see in the image, the graph consists of green and red rectangles, and they are called candlesticks. Each candlestick represents a time interval, usually one day. If the color is green, the price has risen during that period and at red, the price has fallen. The trend of the price depends entirely on the time interval you analyze.

Investing vs. Swing Trading vs. Day Trading vs. Scalping

There are four different ways to speculate on the price with various time settings; Investing, swing trading, day trading, and scalping. If you invest, you look at the big trend with a time horizon for several years. Swing trading is more short-term because you are speculating on the price for a few days or weeks.

Day trading, as the name suggests, is trading during the day. You watch the daily trend and close all orders at the end of the day. An even shorter time setting is scalping when you try to capture small movements in the price. Bitcoin traders then use leverage to earn money on these small moves. With borrowed money the risk increases.

The shorter the time, the more difficult technical analysis becomes. If you’re just starting out with cryptocurrency trading, you should not trade on less time than 1-day candlesticks.

Traders can’t look into the future. Instead, they know the odds of the future, just as you can count on cards in Black Jack. You will make bad trades all the time, but if the odds are to your advantages, you will make money over time.

Technical analysis works because several people look at the same technical indicators. Because several traders respond to the same price levels, it becomes a self-fulfilling prophecy.

Bitcoin Trader Tips: Successful Bitcoin Trading Strategies

Your trading strategy is the plan you have before you start trading Bitcoin and cryptocurrency. You need a clear plan before you initiate a trade. What will be the buying and selling prices for this trade?

Before you buy a cryptocurrency, you need to decide where you sell and within what timeframe. If you want to get started with trading, we recommend to scale in and out of your positions. Many traders prefer this instead of buying and selling the entire position because it reduces the risk.

The hit ratio for Bitcoin trading strategies will vary depending on the risk. We strongly recommend that you use a trading journal to record all orders. It’s important to evaluate how your trading strategies work.

Risk Management Is Underestimated

When you record your Bitcoin trading, you need to keep track of your risk/reward ratio. How big the risk is in relation to the reward per trade. This simple formula is essential because it helps you make rational trading decisions.

You should always use a stop loss to manage your risk. This means that the cryptocurrency is automatically sold at a predetermined price.

Let’s say you buy a cryptocurrency at $100, have a stop loss at $99 and a price target of $ 105. You can earn $5, that will be your reward. And you can lose $1, that will be your risk. This means that your risk/reward ratio will be 1:5 ($5 / $1 = 5). In other words, the potential profit is five times as high as the loss.

This is a risk/reward ratio that is usually recommended by traders. But let’s say that your trading strategy has a ratio of 1:10 (risk/reward). This means that the potential gain is 10 times as high as the risk.

In that case, you can lose 90% of your trades but still earn money. Since a winning trade generates as much money as 10 losing trades, the hit ratio can be low. However, it’s usually better to minimize losses than try to maximize profits in trading.

How to Make Money Trading Bitcoin

The best Bitcoin trading strategies depend on your preferences and risk level. Start slowly but surely and try different trading strategies. Don’t risk all your capital on single trades.

In trading, the guideline is to use 2-5% of your total capital per trade. This is an important rule to follow in order to make long-term money on trading Bitcoin and cryptocurrency. Choose a sustainable trading strategy!

The size of your losses determines if you are a good Bitcoin trader. Not the size of your winnings.

The Best Bitcoin Trading Software & Tools

There are a variety of Bitcoin trading platforms with different tools. This is something you will notice in the crypto market. But what Bitcoin Trading Software is best? There is no straight answer to that question. Different Bitcoin traders value different tools.

Bitcoin Trading Software

Cryptocurrency brokers usually use their own trading software on its platform. There is also no lack of trading tools for technical analysis. At the same time, it’s easy to use many unnecessary tools that don’t really improve your Bitcoin day trading.

All traders need at least one technical analysis program. The most popular software for technical analysis is TradingView. It contains all the technical indicators and chart settings you need for Bitcoin trading.

TradingView also has a social network for traders where you can find many trading ideas from experienced Bitcoin och cryptocurrency experts. If you want to start trading, we strongly recommend TradingView. This is an excellent complement to your cryptocurrency broker platform.

Automated Bitcoin Trading

If you want to take the next step in trading, there is automated robot trading. This means that you create trading bots that apply your strategies to Bitcoin and cryptocurrencies. This is nothing for beginners, but with the knowledge, you can make a lot of money with automated Bitcoin trading.

The best software for bot trading in Bitcoin/cryptocurrency is Cryptotrader. You get access to several trading algorithms that are active in the market and many other features. However, don’t start with automated Bitcoin trading before you’re ready.

The crypto market, like trading software programs, is under continuous change and improvement. We recommend that you test multiple software and learn how to use their various tools. Take the opportunity with these software tools and improve your Bitcoin trading.

Get Started: Trading Bitcoins for Beginners

It’s time to help you get started with Bitcoin Trading! In this section, we have many tips and advice on trading Bitcoin for profit. If you follow our advice, you have good chances of becoming a successful trader.

Focus on the Trend

There is always a certain trend that determines the direction in which the price moves. The trend along with volatility creates a trend channel. This becomes an area in which the price usually moves within.

A strong reaction in the market may cause the price to fall outside the trend channel. In this case, the trend direction can change. Otherwise, the cryptocurrency is overbought or oversold. In trading, the price can be described as a rubber band.

The price tends to move in waves and return to the middle of the trend channel. If the price increases much faster than the average, the rubber band will be tense, and then the price can be considered overbought.

This is why the moving average is one of the most popular technical indicators in trading.

Trading Bitcoin for Profit

  • Learn technical analysis and use candlesticks – You need to learn technical analysis and use candlestick charts because it contains much more information than line diagrams.
  • Use a trading journal – Write down all your orders, check your statistics and evaluate your trading strategies.
  • Learn from your mistakes – All traders make mistakes, but it’s better to make mistakes in the beginning when your capital is less. Learn from your mistakes, you paid for them.
  • Ignore untrustworthy sources – Many fake news and cryptocurrency scams try to fool other people through “pump and dump”.
  • Have achievable goals with a reasonable time horizon – Many who start trading have too high expectations.
  • Protect profits and limit losses – A tip is to start with lock-in winnings and always use a stop loss. You need to be consistent as a trader.
  • Learn the correlation between cryptocurrencies – There are clear correlations between Bitcoin and different cryptocurrencies. This can give you an advantage when trading cryptocurrency.
  • Don’t risk too much in the beginning – Start slowly but surely and improve your trading every day.
  • Choose the best Bitcoin / Cryptocurrency Broker – You need to use all available advantages. Below you will find the best cryptocurrency broker.

Conclusion: Best Bitcoin Trading Platform

CEX.IO is the Best Bitcoin / Cryptocurrency broker. A leading platform on the market offering multiple cryptocurrencies. Their Bitcoin Trading Platform has achieved our highest rating. Open an account and start trading now!

eToro is the Best Bitcoin / Cryptocurrency broker. A leading CFD provider on the market offering multiple cryptocurrencies. Their Bitcoin Trading Platform has achieved our highest rating. Open an account and start trading now!

We Test and Rate Brokers

When we rate cryptocurrency brokers, we look at many factors. This includes fees and costs, trading platform, leverage, customer service, demo account, deposit requirements, company background, customer satisfaction and more.

But most importantly, we are testing the trading platform. The overall user experience can be a decisive factor. There are many different brokers, and there are always new Bitcoin trading sites being introduced.

We update this guide and our comparison table all the time. All Bitcoin brokers have their pros and cons. We help you choose the right one!

The Key to Success → Never Give Up

Just like everything else, it will take time to get good at trading. Day trading Bitcoin is nothing that comes naturally. It takes time to learn how to read trends and patterns in price charts. Everyone makes mistakes at the beginning. The important thing is to learn from your mistakes.

You need to continually develop and adapt to the market as a Bitcoin trader. Cryptocurrencies constantly fluctuate in price, but experience and knowledge consist.

Frequently Asked Questions

Is your question not answered here? Ask your question below!

How do I trade Bitcoin?

There is no reason to make it harder than it is. Step 1: Start by comparing Trading Platforms on this page. Step 2: Choose the best broker and open account. Step 3: Make a deposit and start trading!

To become a successful Bitcoin trader, you need to constantly develop and adapt. When you start trading, there is a lot to learn. Everyone makes mistakes at the beginning. It’s important that you learn from your mistakes.

Why do Bitcoin have value?

As with all currencies, the value depends on supply and demand. Bitcoin has value because there are high demand and low supply. Cryptocurrencies such as Bitcoin are available in limited amounts in the same way as precious metals such as Gold.

Also, normal fiat currencies such as Dollar and Euro have no limited supply. The central bank is creating more and more money which leads to inflation. Bitcoin protects your money from inflation.

What is CFD (Contract for difference)?

A Contract for difference (CFD) is a type of derivative instrument that allows investors and traders to speculate on price changes in an underlying asset. For example, cryptocurrencies such as Bitcoin. If you want to trade cryptocurrency, it’s easier and often better to use Bitcoin CFDs instead of real Bitcoins.

What is the difference between an Exchange and Broker?

If you want to invest in Bitcoin and other cryptocurrencies, you can buy them at a Bitcoin Exchange. This is for long-term investors. But it also means you are responsible for security.

If you want to make money trading Bitcoin, we would recommend a broker instead of an exchange. By this, we mean a CFD broker offering trading products. Your money is also protected by the broker.

NOTE! If you choose an exchange instead of a broker, you need to buy a Bitcoin Wallet to protect your cryptocurrencies.

Bitcoin Trader Review: Is it a scam or legit?

Trading software is a dime a dozen. If you’ve been trading for a while, not only do you know this, but you’ve probably have heard of Bitcoin Trader. The market for it makes sense.

Serious traders are generally open to trading quite a few things, so it’s only natural that they’d trade their bitcoin – should they have any.

How do these platforms work?

This platform isn’t difficult to use, as it uses a trading robot to handle all of the manual exchanges. Having to do everything yourself can be a bit laborious, so having an option to take care of the necessary legwork is generally viewed as favorable, allowing the user to focus more on making big profits buying and selling their bitcoin.

The software is designed for people to easily make great money through trading bitcoin when it was created in 2020. Gary Roberts, Bitcoin Trader’s creator, has overseen his project to become the top in trading by the US Trading Association. Most of this is due to the fact that some users see about thirteen-hundred dollars in daily profit.

Let’s face it; there are still more than a few people who aren’t sure of bitcoin – much less trading it! It’s still relatively new, it’s too volatile for some, and its unregulated nature can turn people off. It’s for this reason why we’ve taken it upon ourselves to explain some of the drawbacks and benefits of using Bitcoin trader.

With this review, we’ll lay out everything that we can to help you make an informed decision.

Let’s get into it!

Bitcoin Trader a Scam or Trustworthy?

First, it’s definitely not a scam as we made about two-hundred dollars with the platform. It also doesn’t have a scammy application process.

Like with all trading robots, you should always be a little weary. We are, too. If you don’t really have the actual agency to do your own trades, it’s expected to be a little suspicious, as you don’t know whether these robots will genuinely work in your favor. It’s essentially blind trust.

We’ve always had this point of view, and while we were doing more research, we found that virtually everyone holds a similar opinion. You probably shouldn’t trust automatic trading software. This is due to them being new to the scene, though we don’t always think that something that’s new is inherently bad.

If you trade at Bitcoin Trader, the market news reports that you can get a return of around 88 percent. While this doesn’t really change our feelings about trading bots, especially those that don’t ask for a security code, but we can vouch for the software.

It works well and operates all above board. If you use decent trading strategies, you can make some decent hay with just the normal amount of risk commonly associated with trading.

We tested just about everything here. we filled out the registration form, the verification process, invested a great amount of time in dealing with the robots, as well as the bitcoin wallet and the trading platform.

Since there’s no option for manual trading, you’re basically left up to the judgment of the bots to handle it for you. Once you sign up, you’re almost done with everything that you have to do. It conducts all of the calculations, ultimately in an attempt to find the deal that will make you the most money through leveraging statistics. After the trade goes through, the profit goes into your account. Done deal.

So, are you intrigued? We thought you would be.

However, like any kind of trading – make sure that you understand all of the associated risks. It’s not a perfect system. Even if most of the transactions end up being profitable, something could still go wrong. So, even if the risks are smaller, they do exist and you should be aware.

Like we said earlier, it doesn’t really take you a lot to get in and start trading. Here, all you have to do is register, drop a deposit, and manage your preferences. These settings should be set every day. Fortunately, it only takes a few minutes to do. After that, you’ll also have to set the auto-trading up. But after that, you only really have to worry about the daily settings and try to stay profitable.

We really like that the software performs admirably as an investor. These robots are pretty well programmed, as they take in statistics, trading signals, and market conditions without you having to lift a finger.

If you’re going to do your own trades, you understand that it will carry a bit more risk. You have to do your own data analysis, market research and more. It’s just easier to have a robot handle all of this for you. It’s true that it’s easier to rely on bots these days than it was before. AI has come a very long way in just the past few years. As such, it makes more sense to rely on robots more than we did a few years ago.

Bitcoin Trader Features:

Registration: Bitcoin Trader doesn’t make you jump through a lot of hoops when you’re signing up. You can do it in just a few minutes. You also don’t need bank statements or to provide an ID. All you need is a deposit method and barebones account info and you’re all set.

Deposits and Withdrawal:

You’re going to have to deposit at least two-hundred and fifty dollars to get in. Transferring is a breeze as you only have to put in the absolute required details. The withdrawal only takes about 24 or less. Bitcoins themselves only take as long as ten days. Just be sure that you have all of your information correct.

Other robots normally charge some fees – whether upfront or hidden. You don’t have to worry about either here.

Customer Support:

We like the interface, so most people don’t report any problems. If you do, you can access customer support through either email or chat.

Customer Trust:

Auto trading platforms always come under fire especially when cryptocurrency is involved. You’re generally going to see many experts in the field who may doubt whether or not it’s worthwhile. Bitcoin Trader is unlike many other platforms. The transactions are rapid, there’s live support, plenty of customization options, and a bevy of great reviews.

Bitcoin Trader Unique Features:

Customization:

There’s no one-size-fits-all approach to trading here. These settings give you a lot of flexibility to make some good money. If you have any problems setting anything up, the customer support team will step in and guide you.

Demo Mode:

We like demo trading because it allows you to get acquainted with the software before you risk any money. Once you’re comfortable enough in the process, you can put in your own money and actually start trading bitcoin.

Trade Quickly:

With the robots doing a lot of the work, you stand to trade faster. After all, you don’t really have to do your own research here. While you don’t have to stare at the screen constantly, you do have to make sure the settings are correct if you don’t want to lose money.

How do I Open A Bit Trader Account?

Since now you’re abreast of essentially how the process works, you may actually be ready to trade! You can click the following link here to get started!

Once you click on the link, you’ll want to look for ‘register’. It’s an easy and free process. Be sure that you’re not using any strange link that requires payment when you’re signing up. It’ll more than likely be a scam, as the company itself doesn’t require any money to get started. In any event, you’ll have to provide a username, password, and any contact details.

Once you’re all signed up, you’ll have to deposit the trading free, which is two-hundred and fifty dollars via credit card. This investment is meager and should ensure that you make some decent money. As far as security, you won’t have to worry about thievery through their secure payment gateway.

How to Start Trading

Even if you’re super confident in your ability to trade, we suggest you start off with the demo mode. It gets you acquainted with all of the features, settings, and flow of the interface. You’ll stand to learn a lot. We also suggest that you run out all of the money in the demo account before you start trading your own.

This is where you will learn how to feel confident in the system. We suggest you start with small amounts and ramp-up. You’ll learn how to change the settings, such as taking profit, maximum trading, and taking a profit. All of these things can be tailored to fit your trading style.

Options in Extra Help

If you need extra help, you’ve picked a decent program. You have live chatting and emailing as a means to get additional help. You can consult them at any time.

Mobile Bitcoin Trading

If you want to use Bitcoin Trader, all you need is an internet connection and a functioning browser. At current, Bitcoin Trader doesn’t have an app, so you’re going to see some of the functionality dips if you’re not using a desktop.

While we know that you’re excited, we think it’s only fair for us to both outline the pros and the cons of Bitcoin Trader.

Pros for Bitcoin Trader:

– You can sign up in mere minutes

– More customization options than most would ever need

– Fun and easy to use interface

– Very engaging demo trading

– Relatively easy to make a profit

Cons for Bitcoin Trader:

– No app currently available for iOS or Android

– No inherent Bitcoin Trader use for US citizens, you’ll have to use a brokering service

Anything else to know about Bitcoin trader?

Yes, we have some assorted notes for people who are genuinely interested in Bitcoin Trader!

We understand that this takes a lot of risk out of trading, we still don’t believe that you should put all of your eggs in one basket. We suggest that you only use small amounts per trade. The bots do a very good job, but markets aren’t always predictable, so you should always mitigate risk as much as possible. The risk will always be present in trading.

As we said before, there isn’t an app available for either Apple or Android. So, if you have a browser that’s known to act up a bit, you may want to stick to desktop or something a little more reliable. This isn’t just relegated to Bitcoin Trader, but all trading platforms without a dedicated application.

It’s easy to not be overly impressed by a review! We thought we did a good job, but, we get it! In the event that you’re not interested in trading bitcoin or automated trading. If that’s you, we have another idea!

Another method is CFD broker. It stands for contact for the difference. It allows you to consider rising and falling trends in bitcoin and determine which would be correct. This allows the freedom in trading in whichever margins that you prefer by working the difference. You’re not going to find that in any automated software.

Also, through the financial conduct authority, you don’t have to worry about whether the money is protected. Most CFDs are protected by this.

This makes it a decent choice for those who aren’t interested in letting the robots do all of the work for you. At least, this is assuredly the case in our opinion.

Is Bitcoin Trader represented on Facebook and TV?

If you’ve seen any ads for Bitcoin trader on Facebook or TV, you’re probably looking at a scam product or service. There is no shortage of ads that advertise Bitcoin Trader, but none of them are correct. Bitcoin Trader has never been on TV or received any celebrity endorsement.

Dragon’s Den and Shark Tank

If you’re searching for Bitcoin Trader on your favorite search engine, you’re bound to see either Dragon’s Den or Shark Tank being affiliated with them. This is common, but there has never been a collaboration between Bitcoin trader or two of these top TV shows. At current, there is no plan for them to be linked together, so please do not believe any of these dubious claims.

Bitcoin Trader and Celebrity Endorsement

You won’t be hardpressed to find crypto trading bots and celebrities out there. Bitcoin Loophole is a very common example of this. This is a marketing tactic generally used by those who are trying to gain traction by scammy outfits. While we can’t outrightly say that a particular program is scammy and another is not, Bitcoin Trader has no celebrity endorsement.

An example of this would be Peter Jones, Elon Musk, and Gordon Ramsay. It has been reported that Peter Jones bought twenty percent shares in Bitcoin Trader. Something similar has been said about Elon Musk, so much in fact that he was stepping down from Tesla to become more involved in automated trading systems.

Gordon Ramsay has also been linked to Bitcoin Trader. Neither the restauranteur nor the Tesla head-man has been ever involved in Bitcoin Trader.

Quick Bitcoin Trader FAQ:

Q: What is Bitcoin Trader?

A: Bitcoin Trader is a crypto trading platform where robots trade for you as opposed to human input.

Q: Does it work? How much can I earn?

A: It works. Users have claimed that they can make over 1,000 dollars per day.

Q: Is Bitcoin Trader safe to use?

A: While we found that the software is very secure, there are always risks. As such, we don’t think that you should ever keep high amounts of money in your account.

Q: Do I need a crypto wallet if I want to trade?

A: Not at this time. All you need is to deposit your money through your credit card and begin trading.

In Summary

We can say that we can recommend this particular automated trading system for both buying and selling bitcoin. We can doubly recommend this for people who haven’t traded bitcoin – or any other cryptocurrency – before. We feel this way because you have a demo account. You won’t have to really know all that much about trading to see a profit.

From visiting the website to trading real money, every step seems to be a cinch. You also don’t have to wait forever and a day for your money.

Again, we very much suggest that you don’t spend a lot of money on a daily basis. That’s in addition to keeping your total account profile low, mitigating risk every step of the way. Anything else and you’re potentially setting yourself up for some degree of failure.

In short, if you’re looking for a great way to trade and make some decent money, you should give Bitcoin Trader a try. If you follow our advice, you should be pleased with the results!

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