One Bitcoin a Day: Scam or Legit Trading Platform? ByPatrick WebberPRO INVESTOR Updated: 16 July 2020 One-Bitcoin-a-Day is reportedly a trading app that helps traders make profits from bitcoin trading. The app is said to rely on powerful computer algorithms that can scan the bitcoin markets for trading opportunities and capitalize on them. But is One-Bitcoin-a-Day legit? This review provides answers on whether One-Bitcoin-a-Day is legit. Keep reading or go straight to their website through the link below. Robot Rating Properties Trade 1 The best choice 88% Claimed Win Rate - Appears to be legit $/£ 250 Min Deposit Accepts Debit and Credit Card Trade Now Trade at your own risk. InsideBitcoins does not accept liability for any losses. On this Page:Contents [show] Is One-Bitcoin-a-Day a Legit trading app? One-Bitcoin-a-Day has a lot of good reviews online and therefore appears to be profitable Their trading platform is highly intuitive and can be used by anyone including beginner traders One-Bitcoin-a-Day has a lot of reviews showing that it is transparent and has great customer service. From all the factors that we have analyzed, One-Bitcoin-a-Day appears to be legit What is One-Bitcoin-a-Day? As mentioned earlier, One-Bitcoin-a-Day is allegedly a crypto trading robot that helps traders make at least one bitcoin per day. The robot is said to rely on sophisticated computer algorithms to analyze the crypto markets for trading insights and automatically implement them. The claim that this crypto trader can help traders make a bitcoin per day with an investment of as little as $250 has always earned it a lot of scepticism. While we cannot guarantee the truthfulness of this claim, we can confidently say that One-Bitcoin-a-Day presents an opportunity for crypto traders to make a great return on investment. Users claim that the algorithms used in this app are powerful enough to detect the slightest movements in the crypto markets and make corresponding trades. However, it can at times make a mistake leading to magnified losses. InsideBitcoins recommends that you take extra precaution when trading with this robot. As a rule of thumb, only invest an amount you can afford to lose and also withdrawal your profits as soon as they are generated. It is also advisable that you do not leave trading sessions open for more than 12 hours. Who Founded One-Bitcoin-a-Day? One-Bitcoin-a-Day was founded by Justin Hagan, a self-proclaimed crypto investor, and millionaire. Hagan claims to have been in the crypto industry for over eight years now and knows the tricks to astronomical profits through crypto trading. There is scanty information about Justin Hagan and therefore we cannot ascertain if these claims are true. We also did not find any information about the Forbes feature. Even so, this Bitcoin Money has great online ratings and may, therefore, be legit. Justin Hagan has made a lot of explainer videos on the concept behind the trading algorithm which is a big plus in our legitimacy test. How does One-Bitcoin-a-Day work? As mentioned earlier, One-Bitcoin-a-Day reportedly relies on sophisticated computer algorithms to scan the crypto markets for trading opportunities and place corresponding bets. This makes it possible to make money whether the markets are going up or down. Trading algorithms derive insights from big data which dramatically improves the accuracy of their trading decisions. One-Bitcoin-a-day accuracy level is said to be above 90% which implies that out of every ten decisions that the app makes, at least nine are profitable. We have not tested the robot and therefore cannot make any guarantees. Another thing worth noting is that trading algorithms are able to do the research and make trading decisions within a split of a second. This makes it possible to capitalize on every opportunity that comes by. This approach is known as high-frequency trading and has a reputation for producing millionaires out of ordinary traders. One-Bitcoin-a-Day is said to apply the strategies used in high-frequency trading to identify and capitalize on trading opportunities in the crypto market. The app claims to be powered by powerful algorithms inspired by proven crypto-trading strategies. It is important to note that One-Bitcoin-a-Day is made to trade automatically which means that a trader does not need any prior crypto trading experience to use it. Read our review of Bitcoin Loophole if you are looking for a trading robot that supports both manual and automated trading. How to place a trade on One-Bitcoin-a-Day One-Bitcoin-a-Day does not require any technical expertise to use meaning that it is fit for both beginner and experienced traders. Users are required to create an account and make a deposit to start trading with this app. One-Bitcoin-a-Day does not offer any demo trading. While a demo trader may not be necessary with many traders, some may prefer to get a feel of the platform before live trading. Read our review of Bitcoin Code if you are looking for a trading app that offers a demo account. STEP ONE: Registration InsideBitcoins determines a great signup process by the amount of client personal data collected and how the robot in question uses and safeguards this data. A reputable trading robot should only correct relevant data and should have measures in place to safeguard this data. Likewise, clients should be able to choose whether they want to receive unsolicited offers or not. The one-bitcoin-a-day signup process requires only the name, phone number, and email address of the client. Their website is SSL secured which means that all data submitted through it is encrypted and therefore out of reach of hackers. We also found their password policy to be strong enough which another big plus. The only downside is that One-Bitcoin-a-Day does not provide an option to opt-in or out of the mailing list. We did receive unsolicited offers hours after signing up which implies that they do not use the contact details given for the intended purpose only. The account creation process involves filling in details in a form provided on their homepage and creating a password. One-Bitcoin-a-Day is only available in select countries. Try the signup process here to determine if this robot is available in your country. STEP TWO: Deposit One-Bitcoin-a-Day requires a minimum deposit of $250 to start trading. You can make deposits through Visa, Master Card, Wire Transfer, Neteller, Maestro, Skrill, WePay, and WebMoney. InsideBitcoins provides sufficient deposit and withdrawal methods when compared to other trading robots in the same category. When it comes to transactions time, both deposits and withdrawals take less than 24 hours to reflect in a client’s account. Most leading trading robots do not take more than 24 hours to facilitate transactions. One-Bitcoin-a-Day also does not charge any transaction fees. STEP THREE: Live Trading Clients are only able to access the trading platform after making a deposit of $250. We find the One-Bitcoin-a-Day trading app to be fast and highly intuitive. The trading app comes with guides to help traders navigate through. However, we did find a few complaints about the platform being hard to navigate for beginner traders. When it comes to set up, traders must specify their strategies of choice and also the trading sessions. The app then applies the strategies automatically in the client’s trading account. Clients have a choice to either harvest or reinvest their profits. InsideBitcoins recommends that you keep monitoring your account and withdraw profits as soon as you make them. Also, avoid leaving trading sessions open for long without any monitoring since this is likely to lead to losses. Most bitcoin trading robots require less than 20 minutes of monitoring per day. Trading with One-Bitcoin-a-Day is riskier than other trading robots given the aggressive strategies applied and the level of accuracy recorded. As mentioned earlier, this trading robot has a 90% accuracy level which is lower than what most top trading robots record. Read our review of Bitcoin Profit if you are looking for a trading robot with a lower risk. Does One-Bitcoin-a-Day offer Demo Trading? As mentioned earlier, One-Bitcoin-a-Day does not offer a demo trading account. However, this is not a big deal in automated trading given that the app does all the researching and trading. When trading with One-Bitcoin-a-Day, all you are required to do is to open and close trading sessions. This trading robot comes with manuals and videos to guide you through the process. Read our review of Cryptosoft if you are looking for a trading robot that offers a demo account Advantages of using One-Bitcoin-a-Day. One-Bitcoin-a-Day scores average in regard to accuracy, transparency, and professionalism. InsideBitcoins legitimacy test takes into account the abovementioned metrics to determine the trustworthiness of a trading robot. Read our top Bitcoin Robot list for 2019 if you are looking for trading robots like Bitcoin Trader that are already well established. In a nutshell, the following are the advantages of trading with One-Bitcoin-a-Day. Appears to be legit – One-Bitcoin-a-Day scores above average in our legitimacy test. This is a good score but not among the best. Proven trading technology – One-Bitcoin-a-Day trading platform scores above average in terms of ease of use and accuracy. Above average customer service – InsideBitcoins has determined that it takes a few minutes to connect with an agent through online chats. Free trading app – One-Bitcoin-a-Day is a free trading app. You only pay a small commission on the profits generated by the app. Money-back guarantee – One-Bitcoin-a-Day promises to refund deposits for traders who may change their mind before jumping into live trading. There are many other reliable robots you can trade with. Visit our bitcoin robot page to check out robots like Bitcoin Loophole. These are the best crypto robots: How much can you make with One-Bitcoin-a-Day? As the name suggests, One-Bitcoin-a-Day aims to help investors make one Bitcoin per day. However, earnings depend on the invested capital. This implies that you can make more or less depending on your trading account balance. As mentioned earlier, trading with One-Bitcoin-a-Day involves significant risk and therefore it is not possible to predict what a given trader can make in a given day. If you choose to trade with this robot, keep monitoring your account and withdraw profits as soon as they are made. Also, avoid leaving trades open overnight. One-Bitcoin-a-Day Review: The Verdict! One-Bitcoin-a-Day appears to be a legitimate trading platform. InsideBitcoins rates this robot above average in regard to accuracy, transparency, and professionalism. While we can confirm that there is a likelihood of making great returns with this app, we find it risky and therefore not fit for all traders. The alternative trading robots mentioned in this post are therefore the best option for risk-averse traders. If you choose to trade with One-Bitcoin-a-Day, InsideBitcoins recommends that you keep monitoring your account and harvest profits as soon as they are generated. Robot Rating Properties Trade 1 The best choice 88% Claimed Win Rate - Appears to be legit $/£ 250 Min Deposit Accepts Debit and Credit Card Trade Now Trade at your own risk. InsideBitcoins does not accept liability for any losses. Remember that all investment opportunities carry a certain risk. This especially applies to cryptocurrencies, which are still relatively young in the financial markets. FAQ Is One-Bitcoin-a-Day Legit? One-Bitcoin-a-Day is appears to be a legit trading robot but a bit risky in comparison to other trading robots. We recommend that you read our top bitcoin robots list for 2019. How much can I make with One-Bitcoin-a-Day? As the name suggests, One-Bitcoin-a-Day aims to help traders make one bitcoin per day. We did not find evidence that traders were making this consistently. How much should I invest with One-Bitcoin-a-Day? If you decide to trade with this app, we recommend that you start with a small investment and only upgrade your account once you are comfortable with their trading platforms. We cannot stress enough on the need to compare this robot with the alternatives presented in our review and go for the one with a higher reputation. Is One-Bitcoin-a-Day regulated? No! One-Bitcoin-a-Day is just but a trading software. The underlying broker is the one that should be regulated. There are rumours that the brokers behind this trading app are regulated by leading UK regulatory bodies. How much does One-Bitcoin-a-Day cost? One Bitcoin a Day is a free trading app. However, you will have to pay a commission on the amount you make through this app. Brokerage fees may also apply.