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Bitcoin Bank Review: Legit or Scam Robot? The Results Revealed!

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Author: Patrick Webber

Bitcoin Bank reportedly helps users earn money online speculating on bitcoin volatility. It is an auto trading robot that is completely beginner-friendly. Moreover, it has great reviews on social media with most users alleging great performance.

But is Bitcoin Bank legit and profitable? As usual, we have carried out in-depth background checks on this robot and it seems legit.

However, there are several things that you need to know before getting started with this robot. We will discuss them in detail in this Bitcoin Bank review.

  • Robot
  • Rating
  • Properties
  • Trade
1
 
The best choice
  • 88% Win Rate - Not a Scam
  • $250 Min Deposit
  • Accepts Credit Card and Sofort

Is Bitcoin Bank Legit?

Bitcoin Bank has been around for over 3 years now and continues to gain popularity among users. Consequently, it is highly likely to be trustworthy.

We look at factors such as reputation, transparency, performance, ease of use, customer service, and safety when determining the legitimacy of a robot. Here are our findings on Bitcoin Bank.

  • Bitcoin Bank has great feedback on independent review sites such as TrustPilot and ForexPeaceArmy.
  • Users seem satisfied with its performance and report that it is easy to use even for those who are new to crypto.
  • Bitcoin Bank is reportedly based on Artificial Intelligence (AI) and Machine Learning technologies (ML).
  • AI and ML are the technologies applied by Wall Street institutional traders to supposedly generate large returns for investors.
  • This robot works with quality brokers to ensure that users get quality services. The brokers are well regulated and have measures in place to assure users of the safety of investors’ funds.
  • Bitcoin Bank relies on high-level encryption and has a cyber incident response team to thwart potential cyberattacks.

We conclude that Bitcoin Bank is likely legit. Read our guide to the best bitcoin robot for 2020 for an introduction to auto-trading and check out some amazing robots like Bitcoin Era.

What is Bitcoin Bank?

Bitcoin Bank seems popular with both professional traders and people looking for passive ways to invest online.

It has gone viral in recent days with passive income investors alleging great profitability. Bitcoin Bank currently ranks number 2 on Google Trends in bitcoin-related keywords. But what is it and how does it work?

According to Investopedia, a trading robot is a computer program based on a set of trading signals that help determine when to buy or sell an asset at a given point in time. Bitcoin Bank is a trading robot that exclusively trades BTC.

Bitcoin Bank doesn’t buy BTC directly but trades through a popular financial derivative well known as a Contract for Difference (CFD). With a CFD, you bet on the price swings of an asset without having to own it.

This means that you won’t go through the tedious BTC buying process to trade with Bitcoin Bank. You also do not need to invest in a crypto wallet and risk your crypto holdings being stolen by hackers.

As we will see below, CFDs trading involve leverage and hence traders can take bigger positions than their invested capital. Leverage is a double-edged sword that boosts performance but can also balloon losses. Bitcoin Bank uses tools such as Take Profit and Stop Loss to minimize the risk.

How does Bitcoin Bank work?

We will use some trading lingo when explaining how this robot works but this shouldn’t scare you away from this robot.

Bitcoin Bank is a beginner-friendly robot that comes with instructions written in layman’s language to help you navigate through. You need to go through the video tutorials and PDF guide before clicking the live button.

Failure to do so may lead to mistakes in live trading. Remember that even the slightest mistake can translate to devastating losses when trading with a margin trading robot.

Bitcoin Bank connects to select brokers to facilitate orders. The robot relays signals to these brokers for execution. It also relies on them to handle deposits and withdrawals. It makes sense that all deposits go to the underlying broker since they are the one to take positions in the market.

Good robot brokers must adhere to strict regulatory requirements among them deposit segregation. The brokers must also belong to a deposit protection scheme to assure users that they will get a refund in the event that the broker stops operations.

Bitcoin Bank partner brokers seem highly reputable and adequately regulated. They are FCA and ASIC compliant and have measures in place to protect users’ data.

As mentioned earlier, one of the roles of these brokers is the provision of leverage. Leverage refers to a loan offered by the broker to help users take larger positions. Bitcoin Bank partner brokers offer a leverage of up to 5000:1 and hence users can trade positions worth up to 5000 times their invested capital.

It’s through the high leverage that Bitcoin Bank reports the supposed returns. But leverage can also counterproductive in unfavourable market conditions. It is advisable to only invest what you can afford to lose.

Getting started with Bitcoin Bank

To get started with Bitcoin Bank you will need 250 USD. From the reviews we have come across, we found users claiming that they were able to turn their initial investment into profits of $1500 daily. However, we cannot guarantee that you will make profits when trading with this bot. While this bot has great reviews online, you should approach it with caution. There are risks in high leverage trading and you may end up blowing your trading account.

Follow the steps below to get started with this robot.

STEP ONE: Registration

Firstly, click here to create your free account on Bitcoin Bank and access its web-trader. The process is simple and only takes a few minutes.

Bitcoin Bank is only accessible in regions where it has a regulated broker. These include the best part of Europe, Australia, and parts of the US and Africa. Unlike most top-ranking BTC Bitcoin Trader robots, this robot is available for free.

Bitcoin Bank earns money by charging a 2% commission on earnings made through it. The robot doesn’t earn anything when you make a loss.

STEP TWO: Deposit

You need to fund your Bitcoin Bank account to be able to access the markets. As said earlier, Bitcoin Bank relies on the partner brokers to facilitate transactions.

As a result, all deposits happen at the matched partner broker’s page. Bitcoin Bank is linked to these brokers’ platforms and hence you do not have to open a separate website to make a deposit.

The minimum you can trade with is 250 USD. This amount can supposedly grow significantly if you apply the right trading settings and the market favours you.

STEP THREE: Trading education

Bitcoin Bank offers a fully equipped education centre. The robot runs on autopilot but users must understand how it works in different market conditions to use it appropriately.

Moreover, they must familiarize with the risk management tools and conduct a risk profile test to determine what level of risk suits them. Bitcoin Bank guides are written in layman’s language to help beginner traders understand the robot.

Also available is a fully intuitive demo trading account to help you practice before going live. Ensure that you trade demo for at least an hour before opening a live session.

STEP FOUR: Live trading

This should be super easy after trading through the demo. Set the Stop Loss and Take Profit features according to your preference and click the live button.

Bitcoin Bank is likely to perform better when left to run for at least 8 hours daily. This is because it applies the scalping trading approach which involves capitalizing on small price movements. The more trades per day, the higher the potential.

Bitcoin Bank also seems to perform better during the ET daylight time. This is when trading in Wall Street is on and bitcoin is highly volatile. The correlation between BTC volatility and Wall Street is tied to the billions of dollars in crypto derivatives traded there.

Is Bitcoin Bank legit? Final words!

We conclude that Bitcoin Bank is likely to be legit. This robot has great reviews from users and claims to use some of the world best trading technologies. You can start your trading journey with Bitcoin Bank by clicking the link in the table below.

  • Robot
  • Rating
  • Properties
  • Trade
1
 
The best choice
  • 88% Win Rate - Not a Scam
  • $250 Min Deposit
  • Accepts Credit Card and Sofort

FAQs

Is Bitcoin Bank legit?

From the great reviews on TrustPilot, and the fact that it associates with regulated brokers, we can conclude that Bitcoin Bank seems legit.

How much should I invest with Bitcoin Bank?

As mentioned earlier, you need just 250 USD to trade with Bitcoin Bank. You can deposit more but we suggest you start small.

Is Bitcoin Bank Profitable?

Bitcoin Bank can supposedly earn up to 400% in daily returns. The bot claims that a deposit of just 250 USD can make up to $1k daily. However, remember that all trading carries risk and we cannot guarantee or prove any profits with this robot.

How much does Bitcoin Bank cost?

Bitcoin Bank is a license-free robot. This is unlike most robots in its category. You only need to pay a 2% maintenance fee on the earnings you generate through the robot.

 

Remember, all trading carries risk. Past performance is no guarantee of future results.
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A cryptocurrency and trading writer and editor, I specialise in algorithmic trading. I’ve written about every type of automated trading tools - from cryptocurrency robots, binary option robots, down to robo advisors. My goal is to write honest reviews about automated trading tools in order to help users understand which software are trustworthy and which ones they should stay away from. I am constantly analysing and scrutinising the up and coming trading apps so if you are seeking advice or if you would like me to write a robot review in particular don't hesitate to get in touch – I’m happy to help!

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