Bitcoin Prime Review: Is this Trading Platform Profitable? The Truth Uncovered. ByPatrick WebberPRO INVESTOR Updated: 20 June 2023 Bitcoin Prime is an auto-trading system that reportedly generates crazy profits speculating on bitcoin. The robot utilizes Artificial Intelligence (AI) algorithms to predict the rise and fall of BTC relative to other cryptos and fiat. Some reviews claim that Bitcoin Prime is the fastest way to earn a million-dollar bitcoin trading. The system can reportedly earn up to 500% in daily returns. If you invest $250, you can allegedly make up to $1250 in a single day. But is this true and is Bitcoin Prime legit? Visit Bitcoin Prime Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection. On this Page:Contents [show] As usual, we did thorough background checks on Bitcoin Prime to determine if it was a scam. We went through different websites and forums to check customer experiences and reviews in order to help you determine whether you should trust this trading bot. Keep reading to learn more about Bitcoin Prime, or read our review of the best bitcoin robots and see if you can find the trusting one. Bitcoin Prime Review Summary Some websites claim that Bitcoin Prime is legit and meets the profile of a highly profitable trading system. We can’t vouch for this statement because we didn’t test the app. But you can read the summary of essential points to note about this robot. Bitcoin Prime is said to be a high-performing robot with an ROI of up to 500% daily. This means generating $1250 daily from a $250 account is possible. The robot is allegedly surprisingly easy to operate since its functions are automated. You do not need any specialized skill to trade with it successfully. Bitcoin Prime was launched in 2016 and reportedly helped hundreds of users earn over $1 million each. A USD 250 account can supposedly grow to $1 million in a year if you plow back at least 70% of what you make daily. Bitcoin Prime profitability is said to be tied to crypto volatility, so you are likely to earn more money if you can time the volatility. According to the website, this robot buys and sells orders through specialized robot brokers. Bitcoin Prime appears to offer a seamless withdrawal process, and there are no charges or limits to how much you can withdraw. This trading system reportedly provides the easiest, safest, and most profitable way to invest in bitcoin. Besides, this doesn’t mean that it is risk-free. All investments carry risk with them. No matter what kind of investment it is, there is always the possibility of making money or losing it. This thing with crypto is that its market is not regulated, and you are not protected in a legal sense. There is a potential of making losses when trading crypto with Bitcoin Prime, so you should invest wisely. Keep reading to learn more. Source – Bitcoin Prime website What is Bitcoin Prime? If you are new to trading, you probably find it hard to wrap your head around the concept of automated trading. You’ve probably heard that computer programs take over human jobs in most sectors, including medicine, transport, manufacturing, and finance. In finance, robo-advisors and trading robots are taking over the jobs of professional wealth managers. Amazingly, AI-powered robo-advisors and trading robots have proven over time to be more profitable than human wealth managers. Moreover, they are less costly and easily accessible for most users. Top Wall Street firms are already committing big money to computer-driven investment and trading. The likes of JP Morgan, Citigroup, and Goldman Sachs are investing billions of dollars in algorithmic trading. Unfortunately, the trading systems offered by the big banks are out of reach for ordinary traders/investors. Bitcoin Prime apparently aims to bridge the gap by offering a high-performance auto-trading system to the general public. The platform is said to be free and specialized to trade crypto CFDs only. Most of its users reportedly earn a daily profit of up to 500%. As mentioned above, Bitcoin Prime is said to trade automatically, and therefore no level of skill is needed to operate it successfully. Source – Bitcoin Prime website How does Bitcoin Prime work? Bitcoin Prime assures users they can sign up from over 120 countries across the globe. Most Bitcoin Prime users seem to be from Europe, Australia, Asia, North America, and South Africa. No special expertise is said to be needed to register and trade with Bitcoin Prime. The robot automates all the technical trading functions, including market data analysis and trading signals execution. Bitcoin Prime is reportedly nine times more profitable than the best Wall Street crypto trader. It’s said that Bitcoin Prime brokers rely on superfast order implementation systems for instant execution. This is paramount for a trading robot that applies a trading strategy known as scalping. All transactions with the client must happen through the matched robot broker, given that they are the ones to place orders in the market. Bitcoin Prime robot brokers appear to facilitate trading by offering a trading margin of up to 1000:1. Trading margin/leverage refers to the amount of debt capital the broker offers relative to what the client deposits. A margin of 1000:1 translates to orders worth up to $1000 for every $1 of deposited capital. A $250 account can therefore bet on positions worth up to $250,000. We didn’t verify these claims because we didn’t have an opportunity to test the trading bot. What’s more, you need to always keep in mind that trading crypto is risky, and it doesn’t mean you will gain huge profits in no time. If you are willing to start trading with Bitcoin Prime, you can do that by following the steps explained below. Bitcoin Prime sign-up form Visit the website You need to start by visiting the Bitcoin Prime website and activate your account by confirming your contact details and agreeing to the robot’s terms and conditions. As stated above, this trading system appears to collaborate with select robot brokers to offer users a seamless trading experience. After registration, you will be matched with one of the brokers and asked to verify your ID. ID verification is a mandatory safety measure for all reputable financial institutions in the EU, Australia, and South Africa. Deposit a minimum of USD 250 This is the capital that the broker will use to place market orders as instructed by the robot. You can’t access the Bitcoin Prime trading area with a deposit below USD 250. You can fund your Bitcoin Prime account through credit/debit card, Neteller, Skrill, and bitcoin. Other methods may apply, and it’s therefore important that you confirm with the broker. We must advise you to invest only the amount you are ready to lose. Trading crypto is not easy, and it’s unregulated. That’s why you need to tread carefully. Practice on a demo account Read the Bitcoin Prime trading instructions guide and test your understanding on its highly intuitive demo account. The demo comes with $5000 in virtual capital and uses historical market data to simulate real trading. Consequently, whatever outcome you get on the demo is not very far from live trading results. You should take time to understand trading instructions, especially on risk management, and practice on the demo for about 30 minutes before going live. Adjust risk management settings and go live Set the Bitcoin Prime risk management tools per the trading guide and click the live trading button. Bitcoin Prime carries out all the technical aspects of trading automatically. According to the website, you can automate everything, including profits, withdrawals, and reinvestments. We find it more prudent to start small. Bitcoin Prime appears to be more profitable when BTC prices are highly volatile. This is expected of any fast-paced algorithmic system. You can time volatility by launching trading sessions between 8:00 AM and 4:00 PM New York time. That time says to be ideal for trading crypto. We didn’t test it; therefore, we can’t say if it’s true. Remember, you shouldn’t leave open positions past the recommended trading time frame since this may attract rollover fees. Is Bitcoin Prime Legit? Final word! Since we didn’t test Bitcoin Prime, we can’t assure you whether this trading bot is legit or a scam. We advise you to read more reviews and check if this trading bot is worth your time and energy. Again, we can’t say this trading bot is regulated because we didn’t come across that information. This trading bot claims to be entirely auto and, therefore, easy to operate. You only need to read the trading guide to trade successfully. But it doesn’t need you will always be successful in trading crypto because it’s risky and unregulated. Pay attention to who you trust your funds to, and go easy. Think of one thing – you can’t be too careful. If you are willing to trade with Bitcoin Prime, you can visit its website and join this immense crypto world. Let us know if it works for you in the comment section below. Visit Bitcoin Prime Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection. Also, we recommend you try trading with a regulated broker – eToro. Automated Trading on Exchanges An alternative to using a bot is to use the copy trading feature on eToro – this FCA and CySec-regulated cryptocurrency exchange allows you to replicate the trading decisions of a winning, profitable trader of your choice or a combination of several. InsideBitcoins recommends diversifying your portfolio by allocating part of your funds to a long-established, safe, and reputable platform such as eToro – never invest 100% of your cryptocurrency into one trading bot or hold it on one website, broker, or exchange. Start with a minimum deposit on any platform you use, and make a small withdrawal as a test. eToro - Automated Copytrading Our Rating Review Traders' Performance, choose from 1 - 100 to Copytrade No Management Fees Free Demo Account Social Media & Forum Community - Trusted by 30 Million Users Start Copytrading Copy trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk. Read more: Bitcoin Bonanza: Scam or Legit? The Ultimate Review FAQs Is Bitcoin Prime profitable? Bitcoin Prime claims to be a high-performing robot with a ROI of up to 500% daily. This means that it’s possible to generate $1250 daily from a $250 account. We didn't test the platform, so we can't say if this is true. Is Bitcoin Prime a scam? Some reviews are in favor of this trading robot, while others are not. We cannot confidently claim that any of these reviews are accurate. How much do I need to trade with Bitcoin Prime? You need to fund your account with at least USD 250 through the underlying broker to access the Bitcoin Prime trading area.