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 like Bitcoin Era 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.
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What is Bitcoin Compass?
Bitcoin Compass is a trading robot that claims to help traders maximize their profits in rising and falling bitcoin prices. This robo-trader claims that with it, 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 allegedly has enabled them to master the crypto markets and make a tool with a claimed accuracy level of 99.9%. On many review sites, traders who use Bitcoin Compass 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?
Who founded Bitcoin Compass?
Bitcoin Compass was apparently 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 claims to adopt 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.
The Bitcoin Compass system claims that traders can predict the price movement of bitcoin with a 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. According to the bot, 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 trade on Bitcoin Compass
What makes this crypto trading software special?
Unlike most crypto traders in the market today, Bitcoin Compass claims to be developed by people who have experience in sophisticated trading and are crypto trading gurus. This, according to them, is what guarantees traders such a high accuracy level.
Some of them are:
- High claimed accuracy level (99.4%)
- Ease of use.
- Great customer service.
- A variety of deposit and withdrawal methods
- Quick withdrawals.
Has Bitcoin Compass been Endorsed by Celebrities?
There are rumors that Bitcoin Compass has been endorsed by several celebrities. However, the majority of these claims are lies being told by unscrupulous affiliates. Bitcoin Compass does not support this form of marketing and has promised to take action against these affiliates.
Some affiliates claim that Elon Musk has endorsed Bitcoin Compass. However, our investigation reveals that there is no Elon Musk Bitcoin Compass Endorsement. We have contacted Bitcoin Compass, and they have denied any involvement with the people making these claims. Our investigation shows that unscrupulous affiliates are making these claims. Bitcoin Compass has promised to take action on them. Despite these rumors around the app, we find Bitcoin Compass legit. According to them, users can make an average of $1500 per day through this robot.
There are also some reviews claiming that the British Billionaire, Martin Lewis has endorsed Bitcoin Compass. Our investigation reveals that Martin Lewis Bitcoin Compass endorsement is a lie. We contacted Bitcoin Compass about this matter, and they denied any involvement with these claims. InsideBitcoins investigation shows that unscrupulous affiliates are spreading these lies in a bid to get new signups. It is essential to always carry out enough research before settling on any product.
Peter Jones Bitcoin Compass endorsement is a lie from lazy affiliates who do not want to provide comprehensive reviews. Bitcoin Compass has recently released a statement warning its affiliates against using misleading marketing techniques. Any affiliate found guilty of deceptive marketing will be banned from marketing Bitcoin Compass. Our investigation shows that the affiliates peddling the Peter Jones Bitcoin Compass endorsement lies are desperate for signups given the cutthroat competition in marketing this robot.
There are also claims that Steve Baxter has endorsed Bitcoin Compass. However, our investigation shows that this is not true. These are lies from desperate affiliates to get new signups. According to the affiliates spreading the Steve Baxter Bitcoin Compass endorsement lies, the product was presented in the Shark Tank. Steve Barker is one of the angel investors in Shark Tank struck a deal with the platform. Bitcoin Compass has confirmed that these are lies and vowed to take action on any of its affiliates found to be spreading lies.
Some affiliates also claim that Janine Allis has recommended Bitcoin Compass. However, our investigation shows that there is no Janine Allis Bitcoin Compass recommendation. The unscrupulous affiliates spreading these lies claim that the product was presented on Shark Tank. However, there is no such episode, and therefore these are blatant lies. Bitcoin Compass is a legit robot and has nothing to do with these lies. It has recently released a statement warning to punish any affiliate found to be spreading lies.
Bitcoin Compass Review: The Verdict!
Bitcoin Compass appears to be a legitimate trading robot given the many positive individual clients reviews and also the fact that it appears to be 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, according to many online websites, 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 this app. The app owners allegedly make money from the profits made by traders using the platform which means that they reportedly 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 and many users claim that this bot generates real profits.
When trading with bitcoin robots like Bitcoin Compass and Bitcoin Trader, we recommend you take caution as there is a risk of losing your capital. We recommend you only invest with the minimum amount to start.
Is Bitcoin Compass Legit?
InsideBitcoins investigation shows that Bitcoin Compass appears legit. This trading bot operates in full transparency and we have verified that their trading platform is genuine does trade on your behalf.
How much should I deposit with Bitcoin Compass?
Bitcoin Compass requires a minimum deposit of $250. We recommend that you start with this amount and only add capital when comfortable with their web-trader.
How much can I make with Bitcoin Compass?
Bitcoin Compass claims that you can make thousands of dollars per day with an initial investment of $250 only and that the more you invest, the more you will make.
Can I withdraw my money from Bitcoin Compass?
Bitcoin Compass allows you to withdraw your money whenever you want. This platform does not charge any withdrawal fees.
Other trading bots you may be interested in
Bitcoin Code is a robo-trader allegedly founded by some of the world best crypto traders. The trader allows both manual and automated trading. Make sure you read our Bitcoin Code before signing up to any other trading robot software.
Cryptosoft reports that their app can generate $5000 in profits per day depending on your trading capital. Their trading software has a claimed accuracy level of 99.7%. Check our Cryptosoft review to find out if this robot is right for you.