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Bitcoin Bank Test & Review - Scam or Not?

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When the price of Bitcoin hit an all-time high in 2017, it created a new crop of global investors whose loyalties lie with cryptocurrency trading. In the last three years, digital coins rode on the mind-boggling returns on investment posted by Bitcoin to move closer to mainstream financial markets.

The peculiar nature of crypto means that prices are volatile and keeping up requires a high level of analytic and computational efficiency. The overarching need for accuracy led to the introduction of robots like Bitcoin Bank, and all you need to know about this software will be covered here.

What is Bitcoin Bank?

Bitcoin Bank is a crypto trading app built on a supercharged-programming efficiency reputed to beat the market by 0.01 seconds at a 99.4% accuracy level. Users of the app report that their investments are quadrupled, tripled or doubled consistently.

Members of the Bitcoin Bank community continually invite other crypto investors to experience their award-winning app and enjoy the benefits.

Who is Behind Bitcoin Bank?

The creator of Bitcoin Bank is described on the app website as an award-winning Wall Street trader who is a veteran of financial markets. He works with MIT-certified software engineers to deliver the best results in crypto trading. He is reputed to have generated massive returns trading with the robot, which he then decided to release for public use.

Although the identity of the app creator is not disclosed, reputable brokers around the world are on the bot network, and they make it possible for investors to access the platform and make money.

How to Use Bitcoin Bank

1. Register

Bitcoin Bank requires registration as a first step to using the app. The process is simple, and with an email address, a password, and full name, you will be registered in less than 2 minutes. Your confirmation link will be sent to your inbox, and once you click on it, your new account will be activated. A simple identification procedure is also required, and you will need to provide a government-issued ID card and a utility bill to prove your identity and place of residence.

2. Make a Deposit

You need a minimum deposit of £250 to be able to activate your trading account. Until your deposit is paid and confirmed, you will not be able to trade. There are a couple of payment options you can use, and this can be bank deposit, wire transfer, credit or debit card. 

3. Demo Account

Using the demo account is instructive with Bitcoin Bank as it provides leverage, meaning you can trade positions that are several times your initial trading capital. As a safeguard, most experienced traders will advise that you should not use more than 5X leverage as a new trader. The ease of demo trading also extends to asset protection.  You will not lose your funds if you make a mistake or use the wrong approach as only dummy funds are used for demo accounts. Try your hands on as many trades as possible and only proceed to live trading after you are persuaded you understand what to do.

4. Start Trading

With your deposit confirmed, you can go ahead and start trading. Firstly, you need to set your trading amount as well as your schedule of withdrawals. In addition, as a matter of risk, management, every investor is advised to use the stop-loss mechanism offered by the trading platform to minimise the risk of losses.

5. Take Your Profits

As an investor, you are also advised to take your profits using daily withdrawals as soon as you record gains in your daily trades, also withdraw the same to your bank account at the end of your trading session. It is not best practice to rollover your profits continuously.

Key Features of Bitcoin Bank

Below we have compiled some key factors that we believe sets Bitcoin Bank apart from the competition.  

Payouts

Bitcoin Bank has a reputation for high payouts. From reports on the app website and other reviews online, its rate of return is impressive and proven. With such an immense market data analysis capacity and auto trading, the payouts are believable. No doubt that investors are in a position to make money around the clock.

The Verification Process

Bitcoin Bank offers a fast and straightforward verification process. As soon as you provide your identity details such as an international passport or driver’s license, you will be notified almost immediately if your verification was successful.  Account verification is important for users of the platform and the platform itself so that regulatory requirements are fulfilled.

The Withdrawal Process for Bitcoin Bank

Bitcoin Bank makes it easy for you to withdraw your profits each day.  You will be able to follow your set withdrawal routine, and all requests are completed within 24 hours. If you also choose to make withdrawals two or three times weekly, you will be free to do so.

Costs and Fees

There are no withdrawal fees attached to using Bitcoin Bank.  All your profits are 100% yours to keep. No hidden fees exist on the platform, and standard operational costs generated on the platform are enough to keep the bot running.

Customer Service

As a registered user of the platform, your first encounter with customer service occurs as you open a new account. We experienced this after clicking on the confirmation link sent to our inbox. The customer care representative called our phone number immediately and explained how the app works.  All the questions we asked were also answered courteously and understandably.

You can reach customer care via the online chat directly from your account dashboard or by sending an email. All your queries or clarifications required are resolved before the end of the working day.

Affiliated Brokers

Bitcoin Bank can be used across the globe with no hitches. As affiliated brokers on the app network are in several countries, you can expect to be matched with a broker closer to where you live. All brokers on the bot network are accredited.

The quality of service on the network is standardised, and this gives investors the assurance that they can expect the best service irrespective of where they live. Accredited brokers also subscribe to the best standards as expected by the respective regulatory authorities in their individual jurisdictions.

Is Bitcoin Bank a Scam?

The assurance investors want has to do with the safety of their funds and data. While some bots are outright scams, their design and descriptions can attract would-be investors. However, these scams do not have the credibility of regulated crypto trading apps like Bitcoin Bank.

Our registration process and verification allowed us the opportunity to assess how Bitcoin Bank works. We rated the app as genuine, having seen the reviews of users around the world and compared it to our experience. The bot algorithm is reputable, result-oriented, and as efficient as presented on the app homepage. We are confident to conclude that Bitcoin Bank is not a scam.

5 Reasons to Use Bitcoin Bank for Trading

Many investors consider working directly with regulated brokers without registering on the bot. However, Bitcoin Bank presents unique features that investors cannot access if they bypass the registration process.  The notable features offered by the crypto trading app will not be available to anyone who decides not to be registered.  These award-winning features are explained further below.

1. Intuitive User Interface

Every investor will be presented with the bot’s Graphical User interface after log-in. The simple design and convenient layout are easy to understand even if you do not have a prior crypto trading bot user-experience. While this cannot be said of some other bots, Bitcoin Bank indeed makes the investor feel at ease with the excellent navigation prompts and layout.

2. Boasts Market-Leading Win-Rate

With a win-rate that is reported and confirmed to exceed 90%, Bitcoin Bank is an investor’s delight. Anyone who desires to invest in a bot with an excellent ROI will do well to register on this app. Reported user testimonials on the app website and the numerous global reviews all point to the high-performing nature of Bitcoin Bank.

3. Faster than Manual Trading

Manual trading is what many crypto traders start out within the investment world. However, this comes with a considerable disadvantage. Manual processing not only limits the speed of transactions, but it also increases the possibility of errors and losses.

Bitcoin trades attract a lot of volatility as market prices can vary from east to west and change by as much as 10 to 20X in a minute. To cope with the price change and be profitable requires the efficiency of a robot that is proven and reputable.

4. Smart Analytics

Bitcoin Bank captures changes in market conditions by the split second. Whether prices are increasing or decreasing, the auto function of the app ensures that profitable trades are the result for investors. The market for Bitcoin and other altcoins extends to numerous places around the world, and to obtain the best profits, the most efficient trading bots will make a difference. Some investors are restricted to a few trading pairs and markets each day, but with Bitcoin Bank, investors have the benefit of a global spread and multiple markets to profit.

5. Remove Human Error

To analyse the market for over 8,000 cryptocurrencies can be hectic and error-prone for many investors. Other trading bots also face limitations of one kind or the other when determining profitable trades. However, with Bitcoin Bank, human errors can be avoided, and trading fatigue can altogether be prevented. This is one of the leading features of the app that users can optimise for the best trading outcomes. Knowing that trading bots are not fatigue -prone and available 24/7 is a comfort-level that offers a silver lining.

Advantages and Disadvantages of Bitcoin Bank

Pros

Better profitability
Smart analytics
Leverage supported
Global reach
Negative balance protection

Cons

Users cannot choose preferred brokers.

Bitcoin Bank: Our Conclusion

Bitcoin Bank has a high level of efficiency and win-rate that makes it a leading investors choice in the marketplace of crypto trading robots. Its offer of leverage means that you have a chance to optimise trading returns and post better profitability.

As a leading publisher of crypto news and developments around the globe, we are confident in highlighting the features that make Bitcoin Bank a preferred crypto trading app. As a new crypto trader, you will find the app easy to use and understand. For experienced investors, the bot offers features that are worth considering.

Investors are encouraged to learn as much as possible about crypto trading before they commence trading. With leverage, it even becomes more cogent to understand the market better to avoid losing trading capital or record massive losses.

Reading about leading bots like Bitcoin Code, Bitcoin Hero, and Bitcoin Blueprint also underscores the market rating of Bitcoin Bank and how to understand its winning features.

Frequently Asked Questions

  1. Our research team fanned out into the internet and came out with user testimonials alleging Bitcoin Bank to be legit. The claims were backed up by online reviews on various websites.

  2. Information on Bitcoin Bank’s website claims the software demands just one hour of user’s time each day.

  3. We cannot provide a definitive figure because different users have different experiences based on how deep they understand cryptoassets and cryptocurrency markets, how well they understand how to set up the trading robot, and the prevailing market conditions.

  4. You should stay up to date with news and developments in the cryptocurrency market. This way, you should be able to manage systematic risk. You should also practice a lot using the Bitcoin Bank demo account.

  5. Bitcoin Bank redirects users to brokers closer to them geographically. The software does not offer assurances as to whether the broker is regulated. Therefore, it is critical that you verify the regulatory status of any broker to which you are directed.

  6. No. There is undiversifiable risk in the crypto market that undermines any moneymaking guarantees that might exist.

  7. Yes. Visit our robot hub to view robots we have previously reviewed.

  8. No. There were some allegations posted on various platforms online but a quick investigation found them to be spurious.

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