Coinsmex Review Is Coinsmex.com A Scam Trading Platform

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Contents

Coinsmex Review – is it scam or safe?

Coinsmex seems to be focused on the crypto currency market, offering investment opportunities with eight account types, among which High Frequency Trading and Crypto Trading Managed Accounts – all of this on a web based platform.

Account type Min. deposit Max. leverage Spread s
Standard Account $5000 n/a n/a
Silver Account $15 000 n/a n/a
Gold Account $25 000 n/a n/a
VIP Account $50 000 n/a n/a
CTMA Platinum Account $100 000 n/a n/a
CTMA Diamond Account $250 000 n/a n/a
CTMA Private Account $500 000 n/a n/a
CTMA + AAT Corporate Account $1 000 000 n/a n/a

Unfortunately there are a number of issues with Coinsmex that make us quite uneasy about their offer, starting with the fact that they are not regulated and are run by an offshore company, that they are offering managed accounts while acting as market makers, and what is even more disturbing – they have already been blacklisted by the financial authorities in Belgium and Italy as potential scammers.

Coinsmex Advantages:

We usually start our reviews with any possible advantages a broker might offer its customers, but here with Coinsmex we simply can not think of anything even vaguely positive.

Coinsmex Disadvantages:

Unregulated, offshore based website, blacklisted by CONSOB and FSMA

Despite the fact that Coinsmex says to be based in North Carolina, the U.S., the company that owns the website – Crypto Xchange s.r.o, is registered offshore on the Marshall Islands. In the same time, in their presentation they also mention another company – Omnicron Ltd, based in Bulgaria, which as far as we understand processes all payments.

The offshore registration of a business is not something bad by itself – it could be done purely for tax purposes for example. Here the problem however is that neither Coinsmex nor any of the companies behind it have any license to offer financial services, as they should be, if they want to target customers on heavily regulated markets like the European Union or the U.S.

And what is even worse, as we already mentioned Coinsmex is blacklisted by several regulators in the EU – the CONSOB in Italy and the Financial Services and Markets Authority (FSMA) for targeting European customers without authorization and probably running a scam. See for yourself:

So once again we will repeat our general advise to avoid unregulated websites altogether and to trade only with broker, licensed and authorized by well known institutions like the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), or the Cyprus Securities and Exchange Commission (CySEC) – by far the three most popular regulatory destinations in the industry.

Besides, with a FCA broker you will even get an additional protection from a client compensation fund, which will guarantee the first 85 000 GBP in your account even in the unlikely event your broker files for bankruptcy. Here you may check our list of brokers, regulated in the UK:

Coinsmex is a unregulated website, which already has attracted the attention of several regulators in Europe for targeting EU citizens without proper authorization and possibly running a scam. And what is even worse they offer managed account, while acting as market makers, which is yet another indicator that we are dealing with scammers.

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As a final note we will repeat our best advise to trade only with brokers regulated by well respected, official financial authorities like the FCA in the UK, CySEC in Cyprus or ASIC in Australia.

COINSMEX Review: Coinsmex.com Dubious Forex Scam

COINSMEX Review: Coinsmex.com Dubious Forex Scam

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Last Updated: Jan 28, 2020 @ 9:18 am

COINSMEX (Coinsmex.com) is another Crypto Currency scam platform to hit the lucrative Crypto trading world. COINS MEX is claiming to helping investors get on board the Crypto trading train. CoinsMex is purporting to be the best Crypto trading platform where users can buy, sell, and trade Cryptos. With such claims, most investors have signed up without having a second thought. Read this honest and genuine Coinsmex Review for more details.

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COINSMEX Review

With complaints coming in every day, we simply had to investigate what went wrong with this platform. Members are crying foul after it emerged the platform does not allow any withdrawals? How can a trading platform not allow their members to withdraw funds? Jenifer deposited $10,000 worth of Bitcoin and hoped to make a killing with this platform. After a few trades, she made a profit of $12,000. Next step was to withdraw the initial deposit and start trading with her profits. And this is where all hell broke loose.

COINSMEX is another rotten online scam platform targeting Crypto investors. No one has been able to withdraw any funds with this rotten scam. It has been a rude awakening for most investors who deposited funds with this platform. COINSMEX is simply cloning a Crypto trading website and targeting unsuspecting investors. What this means is your funds are not safe with this illicit Crypto platform. With such high number of complaints, we feel the COINSMEX is about to shut down.

About COINSMEX

According to the disclaimer posted at the bottom right hand side of their platform, they are based in Bulgaria Omicorn Ltd is the company which is listed as the owner of this rotten brokerage firm. It should be known that scammers will do or say anything to try and sell their services. We are afraid this information is nothing but a cooked up story. For all we know, this could be a money laundering website. Details are still unclear of where this Crypto platform is actually based.

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Another disturbing detail with this platform pertains to the real owners. With such a high flying platform, one would expect the owners to reveal themselves. COINS MEX is another example of an anonymous website with no known affiliations. Claims of being based in Bulgaria are unfounded since they have characteristics of offshore brokers. Without the names of the founding members, it is hard to trust this platform. Who is in charge of handling funds deposited by investors?

Is COINSMEX licensed or registered?

With no clear indication of where they are actually based, license and regulation becomes an issue. Website holds no information regarding the actual license and registration number. It is safe to say COINS MEX is not licensed or regulated by any regulatory body. We contacted the regulatory body in Bulgaria to try and verify their compliance status. The Bulgarian Financial Service Commission has never licensed or registered this platform. It is now clear we are dealing with an illicit platform.

Another shocking revelation with Coins Mex is lack of any documents to prove compliance. A true platform would post details of their licensing credentials for all to see. By doing so, they would give investors a chance to check their licensing status. Scam artists don’t want you to find out they are a scam. What they do is hide this information so you can sign up blindly. Problem with an unlicensed entity is safety of funds. With no clear protection from authorities, your funds are at risk of being stolen.

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Advantages of COINSMEX

With a scandalous platform, there is no trading advantage. COINSMEX lacks a valid trading license and is clouded with complaints from members. With this kind of reputation, it is best you stay away from it. Coins Mex is about to shut down since authorities have been tracking down scam websites. With over 20 members being locked out of accessing their funds, COINS MEX is definitely not worth your time. It is best to stay away from it and choose other recommended avenues.

Disadvantages of COINSMEX

Accounts offered

COINSMEX is providing users with four different account types to choose from. Accounts are named CTMA Platinum, Diamond, Private, and AAT Corporate. What makes this a huge problem is the fact that these accounts require a huge depository requirement. Platinum account is the most basic of account types and it demands a minimum deposit of $100,000+. Account managers listed are unprofessional as they only call you when they require more funds. Stay away from any of the accounts mentioned.

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Deposit and withdrawal

Users can deposit funds using AstroPay, Bitcoin, MasterCard, Neteller, Skrill, among others. Depositing is easy and fast and anyone has easy access to these depository channels. A huge problem still remains withdrawing funds as no one has been able to achieve this fete. Withdrawals are hard to come by which makes trading with this platform totally useless. Why invest and trade and never enjoy the full benefits of your labor?

No Demo Account

Why have they failed to give users a chance to test how their platform works? A demo account gives users a great chance to test how well a platform places trades. Is the execution fast or slow? What are the leverage and spreads available with this platform. It means these scam artists want users to sign up blindly not knowing what to expect. It is best to first try out a platform before pledging any amount with them.

Unknown platform

No one knows which type of platform COINS MEX is using. Are they using MT4, MT4, SIRIX, XStation, or a custom made platform? Whatever investment option you choose, make sure you know their trading platform. Stability is the main reason why you should know what you are getting into. An unstable platform is prone to third party attacks leaving you open to hacking. Hackers will easily steal your credit card information thanks to an unstable platform.

Are funds safe with COINSMEX?

How can funds be safe with a platform which blocks access to withdrawals? Security of funds is a huge flaw with this platform as segregation of accounts is not being followed. COINSMEX is pooling funds in one account which is risky. Your funds may be used to pay creditors in case the platform goes broke. Another problem with this platform is lack of proper security features such as SSL Encryption.

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Is COINSMEX a scam?

Evidence clearly shows we are dealing with a Crypto scam platform. COINSMEX is a scam which must be exposed to protect all relevant parties.

Conclusion

Adding this platform to our scam blacklist will help protect our readers. Stay away from this platform and ensure you use the right tools when trading.

Wishing all investors a happy and prosperous trading period.

Bitcoin Trader Review: Is it a scam or legit?

Trading software is a dime a dozen. If you’ve been trading for a while, not only do you know this, but you’ve probably have heard of Bitcoin Trader. The market for it makes sense.

Serious traders are generally open to trading quite a few things, so it’s only natural that they’d trade their bitcoin – should they have any.

How do these platforms work?

This platform isn’t difficult to use, as it uses a trading robot to handle all of the manual exchanges. Having to do everything yourself can be a bit laborious, so having an option to take care of the necessary legwork is generally viewed as favorable, allowing the user to focus more on making big profits buying and selling their bitcoin.

The software is designed for people to easily make great money through trading bitcoin when it was created in 2020. Gary Roberts, Bitcoin Trader’s creator, has overseen his project to become the top in trading by the US Trading Association. Most of this is due to the fact that some users see about thirteen-hundred dollars in daily profit.

Let’s face it; there are still more than a few people who aren’t sure of bitcoin – much less trading it! It’s still relatively new, it’s too volatile for some, and its unregulated nature can turn people off. It’s for this reason why we’ve taken it upon ourselves to explain some of the drawbacks and benefits of using Bitcoin trader.

With this review, we’ll lay out everything that we can to help you make an informed decision.

Let’s get into it!

Bitcoin Trader a Scam or Trustworthy?

First, it’s definitely not a scam as we made about two-hundred dollars with the platform. It also doesn’t have a scammy application process.

Like with all trading robots, you should always be a little weary. We are, too. If you don’t really have the actual agency to do your own trades, it’s expected to be a little suspicious, as you don’t know whether these robots will genuinely work in your favor. It’s essentially blind trust.

We’ve always had this point of view, and while we were doing more research, we found that virtually everyone holds a similar opinion. You probably shouldn’t trust automatic trading software. This is due to them being new to the scene, though we don’t always think that something that’s new is inherently bad.

If you trade at Bitcoin Trader, the market news reports that you can get a return of around 88 percent. While this doesn’t really change our feelings about trading bots, especially those that don’t ask for a security code, but we can vouch for the software.

It works well and operates all above board. If you use decent trading strategies, you can make some decent hay with just the normal amount of risk commonly associated with trading.

We tested just about everything here. we filled out the registration form, the verification process, invested a great amount of time in dealing with the robots, as well as the bitcoin wallet and the trading platform.

Since there’s no option for manual trading, you’re basically left up to the judgment of the bots to handle it for you. Once you sign up, you’re almost done with everything that you have to do. It conducts all of the calculations, ultimately in an attempt to find the deal that will make you the most money through leveraging statistics. After the trade goes through, the profit goes into your account. Done deal.

So, are you intrigued? We thought you would be.

However, like any kind of trading – make sure that you understand all of the associated risks. It’s not a perfect system. Even if most of the transactions end up being profitable, something could still go wrong. So, even if the risks are smaller, they do exist and you should be aware.

Like we said earlier, it doesn’t really take you a lot to get in and start trading. Here, all you have to do is register, drop a deposit, and manage your preferences. These settings should be set every day. Fortunately, it only takes a few minutes to do. After that, you’ll also have to set the auto-trading up. But after that, you only really have to worry about the daily settings and try to stay profitable.

We really like that the software performs admirably as an investor. These robots are pretty well programmed, as they take in statistics, trading signals, and market conditions without you having to lift a finger.

If you’re going to do your own trades, you understand that it will carry a bit more risk. You have to do your own data analysis, market research and more. It’s just easier to have a robot handle all of this for you. It’s true that it’s easier to rely on bots these days than it was before. AI has come a very long way in just the past few years. As such, it makes more sense to rely on robots more than we did a few years ago.

Bitcoin Trader Features:

Registration: Bitcoin Trader doesn’t make you jump through a lot of hoops when you’re signing up. You can do it in just a few minutes. You also don’t need bank statements or to provide an ID. All you need is a deposit method and barebones account info and you’re all set.

Deposits and Withdrawal:

You’re going to have to deposit at least two-hundred and fifty dollars to get in. Transferring is a breeze as you only have to put in the absolute required details. The withdrawal only takes about 24 or less. Bitcoins themselves only take as long as ten days. Just be sure that you have all of your information correct.

Other robots normally charge some fees – whether upfront or hidden. You don’t have to worry about either here.

Customer Support:

We like the interface, so most people don’t report any problems. If you do, you can access customer support through either email or chat.

Customer Trust:

Auto trading platforms always come under fire especially when cryptocurrency is involved. You’re generally going to see many experts in the field who may doubt whether or not it’s worthwhile. Bitcoin Trader is unlike many other platforms. The transactions are rapid, there’s live support, plenty of customization options, and a bevy of great reviews.

Bitcoin Trader Unique Features:

Customization:

There’s no one-size-fits-all approach to trading here. These settings give you a lot of flexibility to make some good money. If you have any problems setting anything up, the customer support team will step in and guide you.

Demo Mode:

We like demo trading because it allows you to get acquainted with the software before you risk any money. Once you’re comfortable enough in the process, you can put in your own money and actually start trading bitcoin.

Trade Quickly:

With the robots doing a lot of the work, you stand to trade faster. After all, you don’t really have to do your own research here. While you don’t have to stare at the screen constantly, you do have to make sure the settings are correct if you don’t want to lose money.

How do I Open A Bit Trader Account?

Since now you’re abreast of essentially how the process works, you may actually be ready to trade! You can click the following link here to get started!

Once you click on the link, you’ll want to look for ‘register’. It’s an easy and free process. Be sure that you’re not using any strange link that requires payment when you’re signing up. It’ll more than likely be a scam, as the company itself doesn’t require any money to get started. In any event, you’ll have to provide a username, password, and any contact details.

Once you’re all signed up, you’ll have to deposit the trading free, which is two-hundred and fifty dollars via credit card. This investment is meager and should ensure that you make some decent money. As far as security, you won’t have to worry about thievery through their secure payment gateway.

How to Start Trading

Even if you’re super confident in your ability to trade, we suggest you start off with the demo mode. It gets you acquainted with all of the features, settings, and flow of the interface. You’ll stand to learn a lot. We also suggest that you run out all of the money in the demo account before you start trading your own.

This is where you will learn how to feel confident in the system. We suggest you start with small amounts and ramp-up. You’ll learn how to change the settings, such as taking profit, maximum trading, and taking a profit. All of these things can be tailored to fit your trading style.

Options in Extra Help

If you need extra help, you’ve picked a decent program. You have live chatting and emailing as a means to get additional help. You can consult them at any time.

Mobile Bitcoin Trading

If you want to use Bitcoin Trader, all you need is an internet connection and a functioning browser. At current, Bitcoin Trader doesn’t have an app, so you’re going to see some of the functionality dips if you’re not using a desktop.

While we know that you’re excited, we think it’s only fair for us to both outline the pros and the cons of Bitcoin Trader.

Pros for Bitcoin Trader:

– You can sign up in mere minutes

– More customization options than most would ever need

– Fun and easy to use interface

– Very engaging demo trading

– Relatively easy to make a profit

Cons for Bitcoin Trader:

– No app currently available for iOS or Android

– No inherent Bitcoin Trader use for US citizens, you’ll have to use a brokering service

Anything else to know about Bitcoin trader?

Yes, we have some assorted notes for people who are genuinely interested in Bitcoin Trader!

We understand that this takes a lot of risk out of trading, we still don’t believe that you should put all of your eggs in one basket. We suggest that you only use small amounts per trade. The bots do a very good job, but markets aren’t always predictable, so you should always mitigate risk as much as possible. The risk will always be present in trading.

As we said before, there isn’t an app available for either Apple or Android. So, if you have a browser that’s known to act up a bit, you may want to stick to desktop or something a little more reliable. This isn’t just relegated to Bitcoin Trader, but all trading platforms without a dedicated application.

It’s easy to not be overly impressed by a review! We thought we did a good job, but, we get it! In the event that you’re not interested in trading bitcoin or automated trading. If that’s you, we have another idea!

Another method is CFD broker. It stands for contact for the difference. It allows you to consider rising and falling trends in bitcoin and determine which would be correct. This allows the freedom in trading in whichever margins that you prefer by working the difference. You’re not going to find that in any automated software.

Also, through the financial conduct authority, you don’t have to worry about whether the money is protected. Most CFDs are protected by this.

This makes it a decent choice for those who aren’t interested in letting the robots do all of the work for you. At least, this is assuredly the case in our opinion.

Is Bitcoin Trader represented on Facebook and TV?

If you’ve seen any ads for Bitcoin trader on Facebook or TV, you’re probably looking at a scam product or service. There is no shortage of ads that advertise Bitcoin Trader, but none of them are correct. Bitcoin Trader has never been on TV or received any celebrity endorsement.

Dragon’s Den and Shark Tank

If you’re searching for Bitcoin Trader on your favorite search engine, you’re bound to see either Dragon’s Den or Shark Tank being affiliated with them. This is common, but there has never been a collaboration between Bitcoin trader or two of these top TV shows. At current, there is no plan for them to be linked together, so please do not believe any of these dubious claims.

Bitcoin Trader and Celebrity Endorsement

You won’t be hardpressed to find crypto trading bots and celebrities out there. Bitcoin Loophole is a very common example of this. This is a marketing tactic generally used by those who are trying to gain traction by scammy outfits. While we can’t outrightly say that a particular program is scammy and another is not, Bitcoin Trader has no celebrity endorsement.

An example of this would be Peter Jones, Elon Musk, and Gordon Ramsay. It has been reported that Peter Jones bought twenty percent shares in Bitcoin Trader. Something similar has been said about Elon Musk, so much in fact that he was stepping down from Tesla to become more involved in automated trading systems.

Gordon Ramsay has also been linked to Bitcoin Trader. Neither the restauranteur nor the Tesla head-man has been ever involved in Bitcoin Trader.

Quick Bitcoin Trader FAQ:

Q: What is Bitcoin Trader?

A: Bitcoin Trader is a crypto trading platform where robots trade for you as opposed to human input.

Q: Does it work? How much can I earn?

A: It works. Users have claimed that they can make over 1,000 dollars per day.

Q: Is Bitcoin Trader safe to use?

A: While we found that the software is very secure, there are always risks. As such, we don’t think that you should ever keep high amounts of money in your account.

Q: Do I need a crypto wallet if I want to trade?

A: Not at this time. All you need is to deposit your money through your credit card and begin trading.

In Summary

We can say that we can recommend this particular automated trading system for both buying and selling bitcoin. We can doubly recommend this for people who haven’t traded bitcoin – or any other cryptocurrency – before. We feel this way because you have a demo account. You won’t have to really know all that much about trading to see a profit.

From visiting the website to trading real money, every step seems to be a cinch. You also don’t have to wait forever and a day for your money.

Again, we very much suggest that you don’t spend a lot of money on a daily basis. That’s in addition to keeping your total account profile low, mitigating risk every step of the way. Anything else and you’re potentially setting yourself up for some degree of failure.

In short, if you’re looking for a great way to trade and make some decent money, you should give Bitcoin Trader a try. If you follow our advice, you should be pleased with the results!

CoinMex

Exchange Fees

0.0004 Withdrawal Fee • 0.05% Taker Fee • 0.05% Maker Fee

Deposit Methods

Wire transfer No

Credit Card Yes

Supported Cryptos (51)

CoinMex Review

A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of CoinMex consists of four parts: general information, fees, deposit methods and security.

General Information

CoinMex is an exchange registered in the Belize. But it is not by any means the only cryptocurrency exchange registered there. Trade by Trade, CoinsBank and AlfaCashier all have Belize as their home turf. Different from the aforementioned exchanges, however, CoinMex supports trading in a very large number of cryptocurrencies. You will likely find whatever cryptocurrency you’re searching for here.

The exchange is affiliated to the company NEWEX Technology Co. Ltd. It describes itself as a “full-featured digital asset trading platform for global users”.

Apparently, CoinMex’s core team comes from a number of different well-known companies, including Microsoft, IBM, Alibaba etc. The ambition of the exchange is to provide its user with a secure, stable and smooth digital asset exchange service.

CoinMex also has something they call the CoinMex Growth Market (CGM). At this part of the platform, new cryptocurrency projects can list themselves quickly and then be available for trading by users of the trading platform.

US-investors

As far as we can tell, US-investors may trade at CoinMex. The exchange at least does not explicitly prohibit US-investors from creating accounts at the exchange.

CoinMex Trading View

Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. The below is a picture of the trading view at CoinMex:

CoinMex Fees

CoinMex Trading fees

Many exchanges charge what we call taker fees, from the takers, and what we call maker fees, from the makers. The main alternative to this is to simply charge “flat” fees. Flat fees mean that the exchange charges the taker and the maker the same fee.

This exchange charges a flat fee of 0.05% per trade. This is substantially below the global industry average (arguably 0.25%). So with respect to the trading fees, CoinMex has a fair offering indeed.

CoinMex Withdrawal fees

Another fee to consider before choosing which exchange to trade at is the withdrawal fee. The withdrawal fee is usually fixed (regardless of the amount of the cryptocurrency units withdrawn), and varies from cryptocurrency to cryptocurrency.

The global industry average BTC-withdrawal fee is 0.000812 BTC. At CoinMex, they have slashed this fee in half and only charge 0.0004 BTC when you withdraw your BTC.

Deposit Methods

CoinMex does however not accept any deposits of fiat currency. This means that the new cryptocurrency investors (i.e., the investors without any previous holdings of cryptocurrencies) can’t trade here. In order to purchase your first cryptocurrencies, you need a so called entry-level exchange, which is an exchange accepting deposits of fiat currency. Find one by using our Exchange Finder!

CoinMex Security

We run all the exchange-websites in Mozilla’s Observatory-test (https://observatory.mozilla.org/). The score in such test is one of many indicators of the exchange’s security. CoinMex received a score of C- in this test. Now C- might not sound that impressive, but it is actually substantially above average. When looking at all the exchanges in our Cryptocurrency Exchange List, the majority of all exchanges actually receive an F-score. So C- is definitely decent!

Finally, the exchange reviewed above has a large number of cryptos you can buy and sell. If that is an important factor for you in your choice of exchange, you could also check out the following exchanges:

Bitcoin Trader Review

Considering the volatile nature of the cryptocurrency market, it is understandable that many people are skeptical about using Bitcoin Trader. However, we might be losing out on a great opportunity to make much money by entertaining doubts.

Thankfully, my team and I had some free time, and we decided to extensively examine the Bitcoin Trader to achieve what should become the final verdict the public needs to know- if the cryptocurrency trading platform can be trusted. In this review, we have documented our findings, which I am sure will make every reader and potential investor very happy. Let’s start with an overview of the Bitcoin Trader to enlighten readers who didn’t know about it before.

Conclusion: We have tested the platform and believe it is 100% legit!

Robot Rating Properties Trade
The best choice ☑ Bitcoin Trader is NOT a scam
☑ High Profit Ratio
☑ Easy & Fast Withdrawals
☑ Works also via App
Trade Now

What is the Bitcoin Trader?

The Bitcoin Trader was designed to function as a tool that can be used by traders to buy and sell Bitcoins with minimal effort and the promise of making a significant profit. It was invented in 2020 by Gary Roberts and has been used by many traders to grow their passive income significantly.

One of our objectives during this review of the Bitcoin Trader was to test the advertised features of the Bitcoin that sound very attractive such as the fast processing for transactions that can give traders leverage in the market. The Bitcoin Trader can be used to perform trades significantly quicker than similar platforms online.

It is a great idea to develop robots that can help cryptocurrency traders cope with the ever-changing market. Think about how difficult it is to handle hundreds of transactions in a few minutes. Thanks to the trading robots such as Bitcoin Trader, it is possible to trade faster and earn more. The importance of these trading robots is one of the reasons we are interested in discovering the true nature of the Bitcoin Trader and revealing our findings publicly.

The first thing we observed about Bitcoin Trader is its automated trading features which have been tested and proven to be effective. Leveraging the automated trading features, users can earn as high as $1,300 a day with the minimum deposit of $250 required to start trading.

Sounds great right? Wait till you read more about our findings, it seems cryptocurrency traders are set for better times ahead using platforms like Bitcoin Trader.

Is Bitcoin Trader Legit? Yes

Questions about the legitimacy of Bitcoin Trader topped the list of inquiries from traders interested in maximizing their earning potentials. So it was the first aspect my team, and I sought to examine. It turns out that Bitcoin Trader is 100% legitimate and suitable for new and experienced traders.

After verifying the authenticity of the Bitcoin Trader, we checked the internet to view feedback from current and past users. My team and I felt it was best to know what the public is saying about the Bitcoin Trader so we can identify specific areas to examine during our tests. We found conflicting remarks online about the Bitcoin Trader. Some users wrote that it is the best and most trustworthy trading platform they had used, while others indicated they experienced some frustrations and had to discontinue using the platform.

This discovery was not surprising; after all, everyone cannot be pleased with a product. So we identified the areas of concern indicated by the unsatisfied users as a guide for our review of the Bitcoin Trader.

Is Bitcoin Trader Scam or Not: The Verdict!

Here’s a summary of our findings that made our team confidently vote against all indications that Bitcoin Trader is a scam;

  1. We discovered that users could potentially enjoy positive returns as high as 88% by leveraging the trading signals on the platform.
  2. The trading platform is responsive and has commendable usability. Traders who have read and understood how automated trading for cryptocurrencies work stands to be among the top gainers with Bitcoin Trader.
  3. The minimal deposit of $250 is a strong indication that the developers of Bitcoin Trader are interested in helping users make careful decisions considering the volatile nature of the cryptocurrency market.
  4. The App for Bitcoin Trader can be downloaded in seconds, and registration only takes a few minutes, check it out by clicking this link.

What is the Bitcoin Trader?

The Bitcoin Trader is best described as an automated cryptocurrency trading platform that functions with intelligent robots backed by sophisticated Artificial Intelligence. While that sounds complicated, we found out that using the Bitcoin Trader is really simple. The software can be classified in the ranks of other popular cryptocurrency trading platforms such as the Bitcoin Code and Cryptosoft.

The Bitcoin Trader offers new and experienced traders a chance to increase their passive income by investing a low as $250 to get started. The intelligent robots that work with this system are programmed to detect favorable Bitcoin prices at which users can buy or sell to make a profit.

Our extensive study of the Bitcoin Trader for this review helped us understand the automated trading system, which can lower the time needed to make the best trading decisions. Regarding cryptocurrency, time is money, and fast decisions are essential to make the most profits. This is why automated trading systems are more effective than relying on manual trading processes. No wonder the Bitcoin Trader is very popular. We are confident the effort put into doing this review will help more traders decide and start earning more with the Bitcoin Trader.

How it works

The process is quite easy to understand. We have carefully studied the Bitcoin Trader, and how it works so, you can trust this review for accurate information. First, new users will be required to register an account. After this stage, they can deposit funds and activate the auto trading feature to start working for them. Sound easy right? We were happy about the straight forward process, and sure many users won’t have problems creating an account. In our case, we set up our account and ready to start earning in a few minutes.

The information we were required to provide are as follows, full names, contact information- we entered a phone number, and an active email address which was verified. The steps for registration have been described below

Robot Rating Properties Trade
The best choice ☑ Bitcoin Trader is NOT a scam
☑ High Profit Ratio
☑ Easy & Fast Withdrawals
☑ Works also via App
Trade Now

Creating a Bitcoin Trader account

Step 1: Registration

Registration is done on the official BitcoinTrader website. There a registration form is provided which we completed before proceeding. There were no charges at any of the registration stages, unlike some other software we had tested.

After entering the required information – full name and contact information, we proceeded to the next registration stage, password creation. We entered a secure password of six characters according to the mandatory requirement. It is also stated that the password must be alphanumeric or the process cannot continue. Done with this step, we selected our country and entered a valid phone number. At this stage, the ‘Register Now’ tab was highlighted to continue the process. Averagely, this whole process should take less than two minutes.

Step 2: Making a Deposit

We chose to proceed by selecting the minimum deposit of $250. A deposit must be made before any user can activate the live trading feature. It is best if new users start with the minimum deposit of $250 and have the first experience before making higher deposits.

Making a deposit was easy because multiple payment options are available on the website. We saw that deposits could be made using MasterCard, Visa, or Maestro. To confirm the authenticity of a card, the user will be required to enter the expiry date and security code on the card. Before we entered this information, one of the experts in my team double checked the security in place for online safety. Thankfully, we found out that all transactions are protected with SSL. Satisfied with the security on the website, we proceeded to enter our payment information.

Step 3: Demo trading

Before starting the automated trading feature for live trade, we were prompted to tests the demo. The demo mode is a replica of the real trading process but without the use of real money. We tried it, and the demo mode was fantastic. We were able to view how live trades are done and how effective the system is, good enough, we made some money on the demo trade. Though earnings on the demo mode are not redeemable, we were confident in making real profits from our deposit of $250.

Step 4: Trading Process

It was interesting to find out that other cryptocurrencies were available for live trade. We were happy at this discovery because the existence of other cryptocurrency means traders can gain more from matching different currency pairs such as BTC/USD, XRP/EUR, or BTC/EUR and other combinations.

Before live trading starts, we were prompted to set trading limits for safety and select the currency pairs of our choice. This is where our knowledge of cryptocurrency trading was helpful. The initial settings will apply every day of trading, except it is changed before live trading starts.

In our case, we had some useful knowledge about cryptocurrency trading, so we were confident in deciding to activate the live trading feature. However, we advise everyone to use the demo mode first and start with little amounts to avoid loss. Trading limits can be slowly increased as the user learns more about the system.

We made impressive profits with our initial deposit and were able to withdraw our earnings without any problems. The transaction was fast and smooth, a plus for the Bitcoin Trader in our assessment.

Important Features of the Bitcoin Trader

Payout system

Let’s talk about our findings on the payout first since it is an area many people will be interested in. The platform is designed to help every trader earn as high as $1,300 every day. While this figure may only be achievable by experienced traders, from our experience, we are confident that new users with the minimum deposit can make impressive profits daily, just like we did. Over time, and with more experience, earnings will increase.

Verification Process

Verifying personal information is important. The details needed include full name, phone number, and an email address.

Withdrawal and Deposits

To make a deposit, we needed to enter the security code provided by our payment source as an authentication step before our account was debited. After earning a profit on the initial deposit we made, it was time to withdraw earnings and test the system. Thankfully, this was another smooth process. We were able to initiate a withdrawal request, and the transaction was completed in a few hours, unlike other platforms we had tested when our credit did not reflect for a few days.

Charges

We were particular about investigating the fees charged on the Bitcoin Trader platform because many of such services have different hidden charges unknown to users. It is with great pleasure that we found out there are no hidden charges on the Bitcoin Trader. Our initial deposit reflected in the account we created, and no deduction was made. So regarding hidden fees, using Bitcoin Trader is free.

Feedback system

We found some reviews posted by users on the website. They were interesting to read, some users made as much as $100,000 in profits after using the Bitcoin Trader for two months. Others have been able to make consistent profit every day, remarkably increasing their passive income.

Customer Support

We also tested the customer support system on Bitcoin Trader website, and it was a good experience. We saw options such as live chat, email, or phone numbers to contact a member of the customer support team. Using the live chat feature, we got a quick response, and the staff knew much about the system to provide the information we needed.

Brokers

The system is affiliated with online stockbrokers who support the different investments made by users. After making a deposit, our account was linked to an online stockbroker registered and vetted by the system.

Robot Rating Properties Trade
The best choice ☑ Bitcoin Trader is NOT a scam
☑ High Profit Ratio
☑ Easy & Fast Withdrawals
☑ Works also via App
Trade Now

Bitcoin Trader Versus other Robots

Bitcoin Trader Other Bitcoin trading platforms
The registration process can be completed in less than two minutes. Requirements such as Identity cards and questionnaires make the registration process long and quite frustrating.
Multiple payment options it is convenient to make deposits using any preferred option. To make deposits users need to meet a long list of requirements such as presenting bank statements, and providing proof of income sources, in some cases, the banks will need to be contacted, and this takes time.
Customisable settings for trading to reduce risks. Fully automated trading systems that place all the users’ funds at risk if one mistake is made.
Many users have posted real reviews, it is an indication a majority of the users are satisfied with the system. The common reviews for the other trading platforms depict disappointment and doubts about long-term benefits.
Fast withdrawal processing usually completed in 24-hours. Withdrawal processes can take as long as ten days to complete.

Why should you trade with Bitcoin Trader?

During our review of the Bitcoin Trader, we made it a point to identify some unique points that can be presented as reasons more people should create Bitcoin Trader accounts and start trading.

  • User-friendly features- from our experience with this platform, we can affirm that many of the active features on Bitcoin Trader are user-friendly. The quick registration process, making a deposit, activating the live trading feature and withdrawals can be done without expert knowledge of cryptocurrency trading.
  • Reliable customer support- The customer support system is accessible 24/7. This is a great feature because the traders who use Bitcoin Trader are from different parts of the world where they have varying time zones. It is essential that customer support is always available when needed. And we can state that the team has all the resources to help users, from our experience and interaction with customer support staff.
  • Demo trading feature- it is very considerate that the developers have added the demo trading feature on the Bitcoin Trader. We tried the demo trade, and it was a fantastic experience, it gives you a clear idea of how trading is done on the platform before you start using real money for trading.
  • Fast processing- Automated cryptocurrency trading requires fast processing because of the rapid changes in the market. Once an opportunity arises, the system must take advantage and help users earn more. We are satisfied with the processing time on Bitcoin Trader. From our assessment, the processing time is about 0.1 seconds faster than other trading platforms.

How much money can be made with Bitcoin Trader?

Honestly, all traders on the platform can make much money every day. It is that profitable, and we are happy the system passes our tests for reliability and integrity. However, the risks in the cryptocurrency market must be considered when making an investment. It is best to start with the minimum deposit and set proper limits as a new trader. Over time and with experience, you can deposit more funds to increase your earnings. We have compiled essential tips to help all users earn more on Bitcoin Trader;

  1. Invest wisely- We started with the minimum deposit for our assessment project. The minimum deposit on Bitcoin Trader is $250. Thankfully, we earned a profit on this deposit. We have retained our account for more trading. So it is essential that you start small and grow your investment.
  2. Withdraw earnings- It is a great idea to withdraw your earnings. The capital, initial investment, can be left in the system for more trading, as we will do, with this approach, the earnings can be saved and used for other things while the initial capital keeps making a profit.
  3. Keep learning about cryptocurrency trading- there is so much information on the internet for free. You can get the latest information and strategies to increase your earnings. For example, getting more information about matching currencies will help you make better decisions and more profit.
  4. Don’t invest all your savings at once- considering the risks in cryptocurrency trading due to the volatile nature of the market; it is best if you invest only your disposable income. This approach will help lower the risks without stopping your earning capacity.
Robot Rating Properties Trade
The best choice ☑ Bitcoin Trader is NOT a scam
☑ High Profit Ratio
☑ Easy & Fast Withdrawals
☑ Works also via App
Trade Now

We have seen some remarks and information online claiming the Bitcoin Trader has been featured in some top TV shows. This information lacked vital details to ascertain if it is true. So we decided to investigate and publish our findings in this review.

Dragon’s Den

Dragons Den is a popular TV show about investment and aspiring entrepreneurs looking for wealthy investors. It is the type of show that can be affiliated with the Bitcoin Trader, but we did not get any confirmation that such affiliation has happened. One of the hosts on the show, Naomi Simpson has called for all reports linking the TV show with automated trading platforms to be reported as false. So disregard any claims you see online.

Shark Tank

Another TV show Shark Tank, similar to the Dragons Den, has also been linked with Bitcoin Trader. However, this is the work of lazy marketers who are trying to convince the public to buy their cryptocurrency trading software because similar systems are endorsed by popular TV shows. Our findings also revealed that Bitcoin Trader is not affiliated with the Shark Tank in any way, at least not yet.

Have any celebrities endorsed the Bitcoin Trader?

The best way to drive traffic to a website is by convincing a celebrity to endorse the brand. It works like magic, so we are not surprised many false claims are online about celebrity endorsements of the Bitcoin Trader. We checked the sources and followed up each claim in the following cases;

Peter Jones

Peter Jones is one of the sponsors of the TV show Dragons Den. His name has been linked to the Bitcoin Trader, with claims that he has 20% shares in the company. We checked this information and found out it is not true. While many investors will jump at the opportunity to own shares in the Bitcoin Trader brand, Peter Jones has not secured any of such deals.

Elon Musk

Elon Musk is known as a savvy entrepreneur with many achievements. We are not surprised that Elon Musk is one of the targets of fake news carriers claiming he has stakes in the Bitcoin Trader. However, he has dispelled all rumors affirming that he has no investment interests in Bitcoin Trader according to an official report.

Gordon Ramsay

Gordon Ramsay is rich and a celebrity chef. With all his investments and endorsements, we know Gordon has enough funds to invest in start-ups and other companies. His name has been linked to the Bitcoin Trader as one of the stakeholders. We checked this information, and again, it turned out to be false, the work of people trying to capture a part of the celebrities’ huge fan base to invest in their trading software.

Bitcoin Trader has been used for many of these fraudulent claims because it is one of the best trading platforms now and has many active users. However, these claims are being flagged as fraudulent by the company to inform its users and potential account holders to avoid any misconception about its stakeholders or investors.

After our extensive checks, tests, and personal experiences using the different features of the Bitcoin Trader, we can affirm the platform is authentic, and all users stand to gain remarkable profit by leveraging the automated trading features.

Does Bitcoin Trader have a mobile app?

Since we could not find a mobile app for Bitcoin Trader on the two most popular app stores for iOS and Android devices, we can say there is no mobile app for the Bitcoin Trader at the moment. Trading can only be done with a computer or other mobile devices, via the website. To get started, every user will need to create an account and make the deposit on the secure website.

Our Conclusion

We had a productive time learning about the Bitcoin Trader and its different features. We also enjoyed trying the features to know if they really work. The outcome of this assessment leads us to confirm that the Bitcoin Trader is 100% legit and can help new and experienced traders significantly increase their earnings from cryptocurrency trading. You can trust Bitcoin Trader. Our experience using the live trading feature indicates that users can earn between $200 and $1,000 every week. The system is designed with user-friendly features that everyone can use without having expert knowledge. We recommend all users to start with the lowest possible deposit $250, earn and reinvest the capital, in a short time, the money will add up to a significant amount as earnings.

Robot Rating Properties Trade
The best choice ☑ Bitcoin Trader is NOT a scam
☑ High Profit Ratio
☑ Easy & Fast Withdrawals
☑ Works also via App
Trade Now

FAQs

  • What is the Bitcoin Trader?

Bitcoin Trader is an automated cryptocurrency trading platform managed by robots enhanced with artificial intelligence to perform high yielding trades on behalf of the user.

  • How much can be earned by using Bitcoin Trader daily?

Averagely, traders can earn between $200 and $1,000 every day using the Bitcoin Trader. Many traders start with the minimum deposit of $250 and later increase deposits after earning more money.

  • What is the function of a crypto robot?

A crypto robot is part of the automated trading system; they function with high-level artificial intelligence to identify the best prices for Bitcoin and other top cryptocurrency. The speculations generated by crypto robots help traders buy cryptocurrencies at a low rate and sell higher to make a profit when the market price appreciates.

  • What is the highest value in earnings a trader has made using the Bitcoin Trader?

The earning potential of every user on the Bitcoin Trader platform is limitless. So far, we have recorded traders who made their first million in about sixty days.

  • Are funds deposited by traders secure?

Yes, the owners of the Bitcoin Trader have ensured that all funds deposited are secure. However, the known risks associated with the cryptocurrency market apply when live trades are done on the platform.

  • How much is required to create an account and start trading?

It is free to create an account on Bitcoin Trader. There are also no hidden fees or charges. The developers have ensured the system is transparent and all funds available in your account can be withdrawn when needed.

  • Is it necessary to have a wallet for cryptos to start trading on Bitcoin Trader?

No, a wallet is not needed to store cryptos because all Bitcoin values are converted to cash in your local currency at the time of withdrawal.

  • What other Bitcoin trading platforms exist in the market?

While we encourage everyone to leverage the fantastic features of the Bitcoin Trader, alternatives such as the Bitcoin Code exist.

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