BitQL Review – Genuine Trading Platform? 

With Bitcoin halving only a few months away, traders are looking for trading tools and systems to help improve their chances of success and boost their profits.

BitQL is promoted as a one-stop shop for crypto trading. However, in this review, we’ll weigh all its claims and promises to provide readers with all they need to know to make informed decisions.

BitQL Review 2024 – Overview

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Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

What Is BitQL?

The team behind the product claims that the decision to develop the BitQL system was inspired by the influence of Elon Musk on the trends of Bitcoin and Dogecoin. After receiving a green light from the billionaire CEO, the sudden profitability of these two tokens is said to have surprised the team.

However, there is no proof online to support these claims.

That said, the devs bring that as the reason they’re creating a collection of tools that could help new and seasoned traders spot potential market movement before it becomes widespread knowledge. The team reportedly believes such will put its users ahead of other traders in the market.

According to the BitQL website, Bitcoin is on its way to receiving gains that will push its price beyond $100,000 in the coming year. It claims that many traders will miss the opportunity without the help of enhanced tools and systems. Thus, it portrays itself as one of the systems that will help traders win big in the next bull run.

Overall, BitQL is described as an algorithmic trading system designed to help traders profit from volatility trading. It claims the tools are enhanced by various AI training techniques such as Machine Learning (ML), Deep Learning (DL), and Natural Language Processing (NLP).

It further claims that its systems can give traders the tools and systems they need to understand market trends better and make informed decisions.

BitQL Profit Pros and Cons

The list below highlights some of the upsides and downsides of the BitQL system.

Pros

Cons

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Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

How Does BitQL Work?

BitQL claims it provides trading services that help traders stay ahead of the market and earn high returns on investment. It further states that it’s achieving its goals through AI-based tools that can provide accurate market data and render market trends in real-time.

According to its website, the AI tools offered by BitQL were initially designed to be used by institutional investors like banks. However, it claims the growing challenges of crypto trading have made the team offer BitQL to the general public.

However, users must create an account to access its tools and features. It further states that users can manage their trading portfolio through third-party services, which it claims are provided by BitQL partners.

BitQL claims that trading is offered through the Contract for Difference (CFD) arrangement, which allows users to profit from volatility. The details of the registration process are covered later in the review. Moreover, it claims that registered users can access educational materials that will help improve their skills.

BitQL Features

BitQL claims it features some innovative features that set it apart from other crypto trading systems. The list below presents a quick overview of some of the ones our research revealed.

Trade Multiple Cryptos

BitQL claims its tools allow traders to manage and trade various cryptocurrencies. BTC, ETH, BCH, and XRP are cryptocurrencies on its website. It also claims that it will likely support more cryptocurrencies in the future.

Built for Corporate and Retail Traders

According to BitQL’s page, it was initially designed for institutional traders like banks. However, the team decided to make it available to the larger market. Hence, it’s said to have capabilities, tools, and features suitable for retail and institutional traders.

Beginner-friendly and Intuitive Interface

Its interface is described as intuitive and beginner-friendly. Although the BitQL is described as capable of delivering excellent trading results and experiences to traders of all levels. Similarly, the project’s website emphasizes that users don’t need trading knowledge, experience, or background to use the tools, as it is designed to work for traders of all levels.

Powerful Trading Technologies

It claims it is designed on powerful technologies driven by Artificial intelligence. Moreover, it further describes its AI tech as based on innovative models like Machine Learning (ML), Natural Language Processing (NLP), and Deep Learning (DL), claims that The subsets of AI known as Machine Learning (ML), Deep Learning (DL),

Versatile Trading Capabilities

There are claims that one of the uniqueness of the BitQL system is its ability to provide users with trading advantages via its AI tools. According to its website, it can place over 100 trades simultaneously, and its win rate is said to be as high as 90%. However, there are no facts to validate the claims.

A Safe Trading Environment

Also, BitQL claims it boasts a robust security feature to safeguard user data and funds. According to its website, the team invested several thousand dollars into security features.

It claims it uses a military-grade encryption system, ensuring that third parties cannot access users’ data.

The BitQL App

There are claims that traders can get additional benefits with the BitQL app. The app is said to provide an advanced automated trading system available across Android and iOS devices.

BitQL Account Fees

BitQL’s website describes its model as registration-free, implying that users don’t pay anything to set up an account. However, there are other charges associated with trading with BitQL. The website says users are charged a 2% commission on profitable accounts. Therefore, traders who do not make a profit may not be charged any commission, according to the BitQL landing page.

BitQL Minimum Deposit

BitQL requires users to fund their trading account with $250 to gain access to all its features. According to its website, the funds deposited are credited to the users’ trading accounts.

BitQL Compatible Devices

BitQL features online and app-based systems, making it compatible with various devices. Ideally, gadgets with internet connectivity should have easy access to their tools. Similarly, Android devices and iPhones have the option of downloading its app. Its website makes it clear that the app receives constant updates and improvement from the team to help traders improve the experience and performance of crypto traders.

Is BitQL a Scam?

BitQL’s claims and promises are pretty bold but believable. While we may not be able to validate some of their claims, it may not be enough to pass it off as a scam.

Our research has not exposed instances of scams or foul play, revealing that BitQL may have some of the capabilities it claims to possess.

Nonetheless, users must conduct further research to ensure accurate information about what it is and its services.

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Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

BitQL Customer Support

BitQL claims that users have access to 24/7 support services. However, our findings reveal that it only offers an email-based customer service channel, as no other options are available.

Also, it does not provide social media channels or any other medium through which users may interact with the team or other users. Nonetheless, users on the BitQL app may have access to additional customer support channels. We may be unable to validate the claim as we could not download or install the app.

Additionally, it claims its support team is armed with the means to find answers to all customer inquiries and help with any challenge they may face. It also claims that users can access a dedicated account manager on the ground to assist with registration and other needs.

Furthermore, there are claims that BitQL has a special Cyber Incident Response Team. It claims the team is equipped with all they need to arrest and resolve security issues that users may encounter.

How to Use BitQL

BitQL requires users to go through a few steps before being granted access to its features and functions.

Step 1 – Registration

To use the BitQL trading tools, users must start the process with account registration via the form provided on the official BitQL website. The form requires users to enter their full name, email address, and phone number.

Step 2 – Account Verification

Additionally, users must complete a quick verification process that involves submitting a photo of their ID.

Step 3 – Deposit Funds

Once users complete the account registration and verification process, they’ll be required to deposit a minimum of $250 into their trading account to activate the trading session. It claims the amount is available for trading sessions and may be withdrawn anytime.

Step 4 – Demo Account

Users are reported to have access to demo accounts that help them learn its features and functions. It also claims they can access educational resources to improve their skills better.

Step 5 – Start Trading

The final step in the process is the live trading session. The funds deposited can be used in trading cryptocurrencies as soon as they’re credited into users’ accounts. However, there is a need to exercise caution while funding trading accounts. It’s best to invest as much money as one can afford to lose.

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Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

How to Delete BitQL Account

The BitQL website does not provide instructions about the account deactivation process. Users may speak with customer support or their dedicated account manager if they need to deactivate their BitQL account.

Are There Celebrity Endorsements of BitQL?

Several third-party BitQL affiliate websites have continued to push the narrative that celebrities endorse the BitQL tools. Many even claim that Elon Musk created it. However, the BitQL team has stepped in to debunk the claims.

The information on its website claims it is not affiliated with Elon Musk or other celebrities who have been associated with it. It further claims that the claims that BitQL has been featured on Shark Tank or Dragon’s Den are false. Therefore, prospective users are advised to disregard the claims.

Who Are the Founders of BitQL?

From our research, there appears to be more than one entity behind the BitQL project, as its website states it is the product of the BitQL foundation. It further claims it has established relationships with partners who provide robust trading systems to enhance users’ crypto trading experience.

Notwithstanding, there are references to a team on its website, too. It claims the team comprises expert traders and other professionals from various fields, including engineering and finance.

Furthermore, it claims that more than 90% of the team behind the project have had banking experience before joining the team. It claims their experience makes it easier for them to understand the needs of traders and consistently improve the trading system’s performance.

BitQL Payment Methods

The BitQL website does not specify the payment or withdrawal methods. Prospective users may ask customer support to find out what methods are available.

The Verdict

Trading the crypto market comes with immense risk, and its volatility makes it even more risky. Finding tools that guarantee returns and profits is impossible when trading the crypto market. Hence, users intending to leverage the BitQL system should not expect magical outcomes.

Ultimately, no trading tools can replace trading skills, expertise, and experience. Prospective users should only expect BitQL to enhance their skills. Additionally, traders need to research its tools and validate if they fit their trading strategies perfectly. Also, trading with a new system requires effective risk management techniques.

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Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

BitQL Alternatives

Regarding automated trading, BitQL may not be the best option available today. Below are some more reputable alternatives to consider. However, we’ve also included some non-technical options that traders, especially newbies, may use to increase their chances of success.

Investing Early in New Crypto Presales or Icos

Crypto presales allow investors to invest in cryptocurrencies before they’re listed on exchanges. Hundreds of exciting crypto projects went from presale to amassing millions of dollars in market cap. One of the benefits of investing in presale opportunities is the potential for immense ROI.

Generally, presale tokens are offered at a discount. Usually, the tokens are offered for pennies, which is often a fraction of their actual value. Investors taking advantage of the offer can earn sizeable returns when it finally goes life on exchanges. Despite the seemingly simple process involved in presale investing, many traders lose money on failed projects.

The crypto market’s volatility often leads to the failure of several projects, even months after their launch. Therefore, newbie investors and presale investors need to stay informed constantly. Leveraging information provided by the InsideBitcoins presale coins page also helps.

Networking With Professional Traders

A trader needs to enhance their technical trading skills constantly. Hanging out with professionals and other like-minded traders is one of the best ways to get it done. Ideally, offline networking presents an opportunity to connect with other traders.

However, there is limited access to traders offline compared to online alternatives. Discord Server is among the best places to find professional and seasoned traders. Members have a chance to connect with seasoned traders and get exposed to trading secrets that might not be otherwise available. More importantly, the community shares details of trading opportunities that members can benefit from.

Automated Copy Trading in Crypto Exchanges

The BitQL is best known for its claims of automated trading systems. However, when it comes to automated trading, Bybit and OKX have earned a reputation as some of the best platforms worldwide. While BitQL focuses on automated trading, OKX takes it further by providing an automated copy trading solution. The technique allows users to leverage proven strategies that have worked for other traders.

FAQs?