Bitcoin Bonanza Review 2023: Is It Legit or a Scam?
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Trading with automated robots like Bitcoin Bonanza is fast becoming a norm in the cryptocurrency space. More and more traders are switching from trading manually to automating their trades with robots that deliver high returns. However, the challenge most new crypto investors have is how to identify legit platforms out of the thousands of options available. This is where our expert reviews come in.
Today, we will be reviewing Bitcoin Bonanza and helping you determine its legality and profitability. You will discover whether the trading robot is legit or a sham. In addition, we will provide a detailed explanation of how Bitcoin Bonanza works and dissect all its essential features. By the time you finish reading this review, we are confident you will have all you need to make an informed decision about the platform.
Let’s get started with an overview of Bitcoin Bonanza.
Table of Contents
Overview of Bitcoin Bonanza
Before we delve into the details of the robot, here is a summary of all you need to know about it.
The founder of Bitcoin Bonanza advertised it as an AI-powered trading robot that buys and sells cryptocurrency on behalf of investors. They claimed the platform employs the latest artificial intelligence technology to analyze the crypto market and execute profitable orders. According to Bitcoin Bonanza’s website, users can earn hundreds of dollars daily by trading passively with the software.
The company also claimed that it developed Bitcoin Bonanza with the objective of making trading effortless and profitable for all categories of investors, including experienced and beginner traders. In addition to these claims, Bitcoin Bonanza asserts that its platform is super easy to navigate and has several features that allow users to customize their trades according to their preferences. In other words, users can choose the assets they want to trade in, risk level, leverage ratio, and more.
Furthermore, information on the website shows that Bitcoin Bonanza supports a range of popular cryptocurrencies, including Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Dogecoin, and Ripple. To start trading on the platform, one must register and deposit a trading capital of at least $250. The developers claim signing up on the platform is free, and users won’t pay any fees when they deposit their trading capital or withdraw profits from the site.
According to the website, Bitcoin Bonanza features a demo account and a huge library of resources that beginners can use to hone their trading skills. In addition, the developers claim they employ state-of-the-art technology, including the latest SSL certificates, to secure the platform.
Are the claims made by Bitcoin Bonanza’s team genuine? Can a beginner trader leverage its automated trading robots to earn consistent passive income? Continue reading this review to uncover answers to these questions.
Below is a quick summary of the strengths and weaknesses of the platforms.
Free registration for all users
No withdrawal and deposit fees
Supports automated and manual trading
Suitable for new crypto traders
Secured by the latest SSL certificate
24/7 Customer support for registered users.
Not available in all countries
Users must deposit a minimum of $250 to start trading
Customer support is unavailable for unregistered users.
No information about the founders of Bitcoin Bonanza
Who developed Bitcoin Bonanza?
Despite our thorough investigation, we found little to no information about the owners of Bitcoin Bonanza. The only info available online is that the development team is made up of experts who are passionate about cryptocurrency. However, we did not consider this a red flag as it has become a norm for automated crypto trading robots to keep the identities of their founders anonymous.
Is Bitcoin Bonanza legit or a scam?
After thoroughly investigating Bitcoin Bonanza and reviewing all the claims made by its founders, we believe Bitcoin Bonanza is a legit, safe, and profitable crypto trading robot. Our crypto experts confirmed the claims on the site to be genuine. We did not uncover anything that could be considered a significant red flag on the platform.
From what we observed when we tested the platform, we believe investors can leverage the trading robots to earn hundreds or thousands of dollars daily. However, while investing, remember that cryptocurrencies are highly volatile, and trading robots do not offer guarantees. So, only invest an amount you can afford to lose.
That said, let’s walk you through how our experts tested the platform. We started our investigation by scouring the internet for third-party reviews and customer feedback. Most of the reviews and testimonials we found were positive, with some customers claiming they earn thousands of dollars as profit daily. Not satisfied with the number of online reviews, we investigated further by getting a firsthand experience on the website.
We registered an account on the platform for free. The sign-up process was super easy, and we completed it in less than fifteen minutes. After this, we deposited $250 using BTC, and the system confirmed the payment almost immediately. Then, we explored Bitcoin Bonanza’s features, including its demo account and trading tools.
After assessing its features, we tested the accuracy of its automated trading robots. Bitcoin Bonanza executed orders on our behalf, and we earned hundreds of dollars from each trading session. Thus, we believe Bitcoin Bonanza has the potential to generate steady income for its users. However, as mentioned earlier, invest cautiously, as crypto trading isn’t risk-free.
According to its founders, Bitcoin Bonanza utilizes advanced artificial intelligence and algorithms to analyze the crypto market, predict prices, and execute profitable trades. This way, the software buys digital assets when prices are low and automatically sells them for profit when their value goes up. Experienced users who don’t want the software to trade for them can also leverage the numerous intuitive tools on the platform to simplify their manual trading process.
The website states that Bitcoin Bonanza can trade 24/7 without needing inputs from its users. Additionally, unlike human traders, the robot doesn’t place orders based on emotions. That’s not all; Bitcoin Bonanza boasts incredible speed and unrivaled accuracy. The founders claim the software can analyze billions of information in seconds and execute about ten transactions every minute. Going by our experience, users can expect to earn at least hundreds of dollars daily after investing in Bitcoin Bonanza.
Registering and trading on Bitcoin Bonanza is straightforward. You only need personal information such as your name, email, and phone number to get started. Plus, users can access the platform using their PCs, tablets, or smartphones. Though Bitcoin Bonanza does not have a mobile app, you can visit the site and trade cryptos via your mobile browsers.
How to create an account on Bitcoin Bonanza?
If you are considering giving Bitcoin Bonanza a shot, here is a step-by-step guide on how to register and start trading on the platform. The sign-up process is straightforward, so we believe you should be able to create an account on the platform effortlessly within 20 minutes.
Fill up the registration form
The first step is to visit the Bitcoin Bonanza’s official website to complete the registration form. You will find the sign-up form on the top right section of the home page. Once you do, fill out the form by inputting your full name, phone number, email address, and desired password. Ensure you provide accurate personal information, as the platform may ask you to verify your identity.
We found several cloned sites with the name Bitcoin Bonanza during our research. Thus, we strongly advise signing up only on the company’s official website. You may get your fingers burnt if you invest in cloned platforms parading themselves as Bitcoin Bonanza or other related names.
Next, one of the brokers working with Bitcoin Bonanza may call or send an email requesting you to verify your identity. When they contacted us, we verified our identity using a government-issued ID card and a utility bill.
Though registration is free, Bitcoin Bonanza requires all users to deposit a minimum of $250 to start trading on the platform. You can deposit this fund using cryptos, debit cards, credit cards, or PayPal. The system processes deposits fast, so you can expect the funds to reflect in your trading account within 24 hours, depending on your payment method.
We deposited using cryptos, and the $250 was available in our trading accounts almost instantly. This deposit also unlocked all the trading features and tools on the platform, including its demo account.
Learn with the demo account
If you are new to crypto trading, we recommend using Bitcoin Bonanza’s demo account to learn how the platform works. With the demo account, you can simulate live trading using virtual money. In other words, you can use it to practice crypto trading without using real money.
Trade and earn dollars daily
You can start trading with Bitcoin Bonanza as soon as you master how it works. To get started, click on the ‘Live Trade’ button. Once done, you will be prompted to set your trading amount, risk level, crypto type, and more. Then, click the submit button to set the trading robot in action.
Bitcoin Bonanza will immediately start trading on your behalf. You don’t have to monitor the robot or do anything else. When the trading session ends, Bitcoin Bonanza will credit your profit into your account. From there, you can either invest back into the system to earn more profit or withdraw the funds to your bank account.
Key differentiators of Bitcoin Bonanza
If you are wondering how Bitcoin Bonanza differs from other automated crypto traders, this section has you covered. Below, you will find a list of some unique features of the platform that have made it popular among beginners and experienced crypto traders.
Beginner friendly UI
We found Bitcoin Bonanza to be intuitive and user-friendly. Anyone, regardless of their tech or crypto trading knowledge, can use the site without hassle. The web pages are easy to navigate, and the trading tools are simple to use.
Automated and manual trading
Bitcoin Bonanza is one of the few legit auto traders that offers hands-off and hands-on trading options. Investors can either allow the software to do the hard work or leverage its numerous tools to execute the trades themselves.
Our experts confirmed that Bitcoin Bonanza has the potential to generate high returns for its users. Based on our experience, we estimate the software’s win rate to be about 85%. Plus, the robot does not trade with emotions. It only executes orders after thoroughly analyzing the market.
Bitcoin Bonanza pays out all withdrawals within 0 – 24 hours, depending on your banking option. If you withdraw from the platform to your crypto wallet or e-wallet, such as PayPal, Bitcoin Bonanza will credit you almost immediately. However, withdrawals to banks or bank cards can take a longer time.
Interested investors can create an account on the platform for free. In addition, you won’t have to worry about deposit and withdrawal fees. The company also didn’t mention anything about trade commissions. If they charge commissions on trade, we believe it is minimal, as we didn’t notice any deductions when we used the software.
24/7 Customer support
Registered users can contact the representatives of Bitcoin Bonanza 24/7, including on weekends and public holidays. When we contacted their team, they responded in a couple of hours. In addition, their representative was friendly and responsive.
We uncovered some impressive security features during our investigation of Bitcoin Bonanza. First, the website is SSL-certified. Second, a verification process is in place to ensure only legit traders or investors are using the software. Third, the company partners with CySEC-licensed brokers to ensure that trades are executed per regulatory standards.
Supports multiple cryptocurrencies
If you are looking to diversify your crypto investment, Bitcoin Bonanza may be the way to go. The platform supports almost all the top cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dogecoin, and Ripple.
How much profit can investors earn with Bitcoin Bonanza?
According to the founders, Bitcoin Bonanza users can earn hundreds of dollars daily with an investment of $250. Those who invest more can expect a higher profit. However, we recommend starting small, as crypto trading isn’t risk-free.
Is Elon Musk affiliated with Bitcoin Bonanza?
No, Elon Musk isn’t affiliated with Bitcoin Bonanza.
Does Bitcoin Bonanza have a mobile app?
Bitcoin Bonanza does not have a mobile app. However, you can access the platform via any browser-compatible mobile device.