Bitcoin Compass Review : Scam or Legit? The Ultimate Test

5 (100%) 3 votes

If you are a seasoned crypto trader, there is a high chance that you have heard about bitcoin robots. Perhaps the most interesting thing about bitcoin trading robots is the astronomical returns they claim to give investors. One of the more popular robots is Bitcoin Compass, a bot that claims to generate thousands of dollars per day for investors with an initial investment of $250 only. But is this robot legit? Read on for our full review.

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

What is Bitcoin Compass?

Bitcoin Compass is a trading robot that helps traders maximize their profits in rising and falling bitcoin prices. With this robo-trader, bitcoin investors do not have to go through the hustle of market analysis and investment decision making. The robot does all the work from analyzing market data to making decisions and opening and closing trades.

Once a trading account is set, all that the trader is required to do is to monitor their trading account for less than 20 minutes a day. Bitcoin compass is based on computer algorithms simulating the trading strategies of the world best bitcoin traders.

The founders of this tool are ex-Wall Street traders and crypto enthusiast. Their background in speculative trading is what has enabled them master crypto markets and make a tool with an accuracy level of 99.9%. As is evident with many review sites, traders who use Bitcoin Compass always report great returns. The minimum deposit required to start trading with this robo-trader is $250, which is within what most people can afford.

Is it safe?

  • Bitcoin Compass appears to be legitimate from the many positive individual clients’ online reviews.
  • The fact that this robo-trader takes a commission on the profits earned by traders’ means that it is bound to always act on the best interest of the client.
  • Beginner traders should read user guides offered by the platform and start with a demo first.
  • The initial investment should not be more than $250. Traders should invest more once they are confident in their ability to use the platform.

Who founded Bitcoin Compass?

Bitcoin Compass was founded by a group of Wall Street veterans with varying backgrounds. Some of the founders have extensive experience in sophisticated trading strategies such as high-frequency trading. Bitcoin Compass adopts the trading strategies used by day traders to make huge returns in traditional markets.

Perhaps one of the biggest drives towards Bitcoin Compass innovative technologies achievement is the founders love for cryptocurrencies and blockchain, the underlying technology. Bitcoin Compass can also be used to trade other cryptocurrencies including Bitcoin Cash, Ripple, Ethereum, Litecoin, and Stellar.

How does the Bitcoin Compass system work?

Bitcoin Compass is a robot-trader that analyzes bitcoin market big data for trading insights and automatically places corresponding trades.

Simply put, it is a tool that makes investment decisions by analyzing the many factors that drive bitcoin prices. Traditionally, trading algorithms are used by day traders in stock and forex markets to predict assets price movements and bet on them.

With tools such as the Bitcoin Compass system, traders can predict the price movement of bitcoin with 99.4% accuracy.

The Bitcoin Compass app allows both automatic and manual trading. With the high accuracy level, the app promises returns of up to $1300 per day with an initial investment of $250. Traders with a bigger deposit are likely to make a bigger return.

This robo-trader does not require technical expertise to use meaning that both beginner and experienced traders can use it without limitations.
In fact, with this trading algo, traders do not need to have any knowledge of cryptocurrencies to trade.

How to place trades on Bitcoin Compass

bitcoin compass sign up formStep 1 : open your account

 

The first step involves filling out personal details including email and full names on a form provided on Bitcoin Compass website first page.
Once a client has filled the form, they are taken to the next page where they are required to create a password. InsideBitcoins takes user security seriously and has therefore carried out some tests to determine if this crypto-trader has good cybersecurity practices.

Here is the outcome…

First, Bitcoin Compass website is Secure Socket Layer (SSL) secured, which means that all traffic between the client and the server is encrypted. Websites that are SSL secured has https URL instead of HTTP and a padlock symbol at the beginning of the URL. Users are required to create strong passwords of between 8 -12 characters, including a mix of symbols, letters, and numbers.

Open your account here

Step 2: Deposit funds

After registration, Bitcoin Compass will ask you to fund your account to start trading. The minimum amount required is $250.

This crypto-trader promises a return of thousands of dollars per day from an investment of as little as the minimum amount required. Bitcoin Compass enables both manual and automatic trading and therefore returns may differ with manual trading strategies.

Bitcoin Compass accepts deposits and withdrawals from multiple sources to include Visa, MasterCard, WireTransfer, Skrill, Trustly, GiroPay, iDeal, Klarna, Neteller, Sepa, Rapid Transfer, and others.

Step 3: Let the robot place trades on your behalf

Demo trading

Bitcoin Compass does not offer any demo trading. However, their platforms are easy to use even for beginner traders and may therefore not need any demo practice.

Also, there are usage guides on Bitcoin Compass website to help users navigate their platforms. For beginner traders, automated trading is the best choice since it requires little hands-on experience.

In fact, clients with automated trading accounts require less than 20 minutes of account monitoring per day and still have a high earning potential.

Live Trading

This trading robot requires a minimum of $250 for traders to access live trading.

Clients can choose to trade manually or set the Bitcoin Compass system to trade automatically. Automatic trading is best suited for beginner traders since it does not require any hands-on experience in bitcoin trading.

What makes this crypto trading software special?

Unlike most Crypto traders in the market today, Bitcoin Compass is developed by people who have experience in sophisticated trading and are crypto trading gurus. It is no wonder that this crypto-trader guarantees traders such a high accuracy level

Some of them are:

  • High accuracy level (99.4%)
  • Ease of use.
  • Great customer service.
  • A variety of deposit and withdrawal methods
  • Quick withdrawals.

The Verdict: Bitcoin Compass is a legitimate robot that can make you solid profits

Bitcoin Compass appears to be a legitimate trading robot given the many positive individual clients reviews and also the fact that it is based on well-established technologies.

Bitcoin Compass website and tools appear to be highly secure meaning that users do not have to worry about their personal data.

However, there are reports that Bitcoin Compass is a scam because they do not always deliver the returns promised on their website. InsideBitcoins could not verify the legitimacy of the claims these claims and have found no evidence that points to their software being a scam. Their platform is free to use and only takes a commission of the profits generated by traders. This is enough proof that the motive behind their platforms is helping clients make profits.

InsideBitcoins has established that most of these fake promises come from affiliate sites trying to make a sale. The fact that Bitcoin Compass system is available for free and traders have an opportunity to try demo-trading first says a lot about its legitimacy. The app owners make money from the profits made by traders using the platform which means that they make nothing if the trader does not make money. The claims may also come from users not receiving the profits that Bitcoin Compass claims they will receive. While you may not make the $5,073 a day they claim you will make, this robot will generate real profits.

It is therefore highly likely that Bitcoin Compass is a legitimate tool that helps bitcoin traders make profits.

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

FAQs

How much can I make with Bitcoin Compass?

With Bitcoin Compass, the sky is the limit. You can make thousands of dollars per day with an initial investment of $250 only. Remember that the more you invest, the more you will make.

Other trading bots you may be interested in

Bitcoin Code

Bitcoin Code is a robo-trader founded by some of the world best crypto traders. The trader allows both manual and automated trading. Make sure you read our full review of Bitcoin Code before signing up to any other trading robot software.

Cryptosoft

With Cryptosoft, you can make up to $5000 in profits per day depending on your trading capital. Their trading software has an accuracy level of 99.7%.  Check our Cryptosoft review to find out if this robot is right for you.

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