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Bitcoin Lifestyle is a viral trading robot that claims to make users money from participating in the cryptocurrency market. The robot allegedly uses artificial intelligence and machine learning to glean what they consider to be tradable insights from bitcoin market data. But is Bitcoin Lifestyle legit?
Bitcoin Lifestyle appears legit and user testimonials mark it as easy to use, but there are some things to consider.
Is Bitcoin Lifestyle Legit?
What is Bitcoin Lifestyle?
Bitcoin Lifestyle allegedly makes money by speculating on bitcoin prices. The robot profitability is said to depend on volatility irrespective of where the markets are headed. Consequently, traders report making money through Bitcoin Lifestyle in both the rising and plummeting markets.
Bitcoin is notorious for being highly volatile hence provides the best opportunities for fast-paced robots such as Bitcoin Lifestyle.
Bitcoin Lifestyle is said to apply the techniques used by sophisticated traders to derive insights from big data and place trades. All this happens automatically meaning that the user does not need any special skills to use the robot. Once you do the setup, the robot does everything else for you. This explains why most people who are reportedly making it big with this robot are ordinary people.
Interviews by several review sites show that at least 60% of Bitcoin Lifestyle users stumbled on the robot by accident and have no background in trading. At least 25% of those interviewed reveal that they came across Bitcoin Lifestyle when looking for a passive way to make money online. Most report that the robot has performed beyond their expectations.
Even so, it is important to note that Bitcoin Lifestyle is a high risk – high return robot. This means that there is a possibility of losing your investment. InsideBitcoins recommends that you only trade with what you can afford to lose.
How does Bitcoin Lifestyle Work?
Bitcoin Lifestyle robot claims to be based on a computer algorithm built on the strategies of some of the world best crypto traders. In other words, it is an automation of the trading techniques that have been proven to be profitable in crypto.
Some of the Bitcoin Lifestyle founders are reportedly seasoned traders and one of them is a well-known crypto millionaire. We found details pointing out that he is also a software engineer with several trading robots under his portfolio. Bitcoin Lifestyle is apparently his most successful product. Visit the Bitcoin Lifestyle website for more information.
Bitcoin Lifestyle works in collaboration with highly reputable robot brokers. These brokers are responsible for receiving deposits and facilitating transactions. One way to determine a legit robot is to review its partner brokers. A legit robot will always partner with reputable and adequately regulated brokers.
Moreover, Bitcoin Lifestyle alleged high profitability emanates from the level of leverage offered by its partner brokers. Some of its brokers offer a leverage of up to 1:1000. This means that a $250 account can place trades worth up to $250,000. High leverage is a double-edged sword since it can also lead to big losses.
How to trade with Bitcoin Lifestyle
As mentioned above, you do not need any skill to trade with Bitcoin Lifestyle. The robot runs on autopilot only requiring the user to set risk management tools and click live trading. This should not be a problem give that the robot provides a comprehensive guide to do this. Follow the steps below to open a trading account with Bitcoin Lifestyle.
STEP ONE: Registration
Visit the Bitcoin Lifestyle homepage and fill your personal details in the provided form. You will need to register your name, phone number, and email. Bitcoin Lifestyle will ask to verify your email and phone number by sending an SMS and a link in your email.
We find the verification process to be fast and secure. Furthermore, Bitcoin Lifestyle appears to have taken all the necessary measures to ensure users’ data safety. Our review shows that their website has encryption and they have a data protection policy in place. Furthermore, they are GDPR compliant.
STEP TWO: Get matched with a broker
After registration, Bitcoin Lifestyle automatically links you to a broker in your jurisdiction. As stated earlier, the Bitcoin Lifestyle only partners with reputable brokers. Our investigation shows that all have adequate regulation and are reputable.
Never register with a robot without verifying who their partner brokers are. Legit robots are always ready to reveal their brokers. The benefit of trading with a regulated broker is that you have an assurance that your money is safe.
STEP THREE: Deposit a minimum of $250
You must deposit at least $250 to trade with Bitcoin Lifestyle. The deposit is your trading capital and not the cost of the app. Bitcoin Lifestyle is a license-free robot that makes money by charging a small commission on profits made through it.
Bitcoin Lifestyle partner brokers accept deposits via Wire Transfer, Visa, Master Card, Neteller, WebMoney, Skrill, Bitcoin and a few others. Our live test shows that deposits take less than a minute to reflect in a trader’s account. Furthermore, Bitcoin Lifestyle does not charge any deposit charges.
STEP FOUR: Live trading
Live trading with Bitcoin Lifestyle involves setting up the risk management features and clicking the live button. Risk management is all about defining the amount of capital you are willing to risk per trade.
You need to train for at least 8 hours per day to attain maximum profitability with this robot. Moreover, ensure that you do not risk more than ten percent per trade. Remember that the more you risk per trade, the higher the likelihood of experiencing huge losses.
Bitcoin Lifestyle review: Test Results Explained!
As mentioned above, Bitcoin Lifestyle appears to be a trustworthy robot. Bitcoin Lifestyle claims to have a high success rate, which means user testimonials have reported that it has made them money.
Bitcoin Trader is another seemingly legitimate robot which appears to be similar to Bitcoin Lifestyle and with which users have claimed to make a high level of returns.
Is Bitcoin Lifestyle legit? The Verdict!
User testimonials make it seem that Bitcoin Lifestyle is a highly trustworthy robot. Traders who try it claim to be making daily profits.
Furthermore, user testimonials claim that Bitcoin Lifestyle is safe to use. They are said to handle customers’ data with strict confidentiality and claim to have a standby cyber response team. Moreover, users note that this robot is easy to use. Most of its users appear to be ordinary people without any trading background.
While Bitcoin Lifestyle claims to be highly accurate in its trading decisions, user testimonials note that there is a degree of risk in trading with it.