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Bitcoin System 2024: Is It a Legit Trading Software

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There are a host of trading robots out there on the market that help to facilitate crypto trading and as the market is widely unregulated, it can be difficult to determine which ones provide legitimate trading software that can automate endeavors and offer tools and services that can earn a passive profit. In 2024, finding the right provider will need some significant research, so let’s help you out by taking a look at Bitcoin System.

What is Bitcoin System?

Bitcoin System Homepage

When it comes to using trading robots, it’s no secret that you will want to know exactly what you’re going to be using before you sign up. Bitcoin System is a relatively new software on the cryptocurrency market, so there will be a lot of points to consider before putting your money on the line. 

This trading robot has been tailored to cater to newer traders as much as more experienced individuals in the niche and uses algorithms to accurately predict price movements and identify trading opportunities before sending the signals to a broker in order for trades to be executed within seconds. Bitcoin System partners with a list of certified brokers, so you and your account manager will be able to make either automated or manual trades fast, depending on your needs.

When trading cryptocurrencies, it’s no secret that the market is extremely volatile and also widely accessible to traders of all skill sets, so it can be more difficult now in 2024 to not only source and enter into the right trades, but to do it fast enough that you’ll be able to make a profit. 

Bitcoin System does all of the hard work for you, so that you can either sit back and let the software work or you can be involved and execute the transactions you want yourself. With the additional feature of leveraged trading, you’ll have the ability to put your own money (known as the margin amount) alongside a loaned sum, to enter more expensive trades and potentially get higher returns.

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How to start trading with Bitcoin System

Bitcoin System Account

When it comes to signing up to Bitcoin System, there is usually a template that many trading robots follow that won’t be the same. 

  1. Step one: You will need to enter your full name, email address and a contact number on the website’s auto-registration form. 
  2. Step 2: You will be contacted via SMS by your dedicated account manager, who all talk you through the next step of the sign-up process.
  3. Step 3: You may be asked to perform additional checks and registration processes to be able to use the affiliate brokers. Keep in mind that this may include digital copies of proof of income, a government issued ID and proof of residence – but this will largely depend on the brokerage you are partnered with. 
  4. Step 4: Next, you will be required to make a $250 deposit to begin trading, but this is standard within the industry. Once everything is set up and verified, you will be able to enter your preferred trading parameters, adjust the options and begin your crypto trading journey.

Top features of Bitcoin System

human and robot arms

Access to trading support

One of the key differences to this trading robot is the fact that it takes the AI signals that it derives from technical analysis and forwards them to partnered brokers who will then execute the trades on your behalf. The good news is that you will have a dedicated account manager who will help to facilitate the relationship between yourself and the broker – and any profits that are made will be deposited into your trading account where you will be free to use them however you want. There is even a copy-trader feature to utilise if you prefer to go with manual trading and this can be a good way to build a trading strategy based on not only your needs, but the insights offered by following the market.

User-friendly interface

 

When it comes to choosing a trading robot, how easy it is to use should be one of your top considerations. As Bitcoin System features a well-appointed website that offers access to training materials for new traders as well as access to brokers for those who are more advanced; there is a lot more to love. Users report that the site is easy to navigate and performs deposits and withdrawals quickly, too (often in 24 hours).

Customer service

When it comes to customer service, there is a dedicated contact form that has its own page where users can get queries answered via email response, but for all other customer support, it will be the responsibility of the dedicated account manager to help users with any issues that they may have. While this isn’t a traditional approach, it certainly seems to be one that works, as there are plenty of user reviews around the web that speak highly of the assistance received.

Security

When it comes to security, Bitcoin System uses 128-bit encryption that is known as military-grade and difficult to override. There are antivirus and anti-phishing protocols, alongside the additional security features that will be on offer from partner brokers, such as two-factor authentication. It may be worthwhile to know that the official website isn’t forthcoming with information about licensing, but the partnered brokers do seem to be regulated by CySEC, the best-known regulatory body in Europe.

Supported currencies

Bitcoin System supports all of the major cryptocurrencies, including Bitcoin, Bitcoin Cash,

Ethereum, Dash, Litecoin, Ripple and Monero. Payments are accepted via all major debit and credit cards, by bank transfer and by PayPal, so it will be simple for a host of traders to get involved.

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The benefits of Bitcoin System

Powerful intuitive trading platform

As Bitcoin System has the additional support of account managers and partners with brokerages, you will have a completely different experience than when using other trading robots. You will be able to tailor your endeavours between auto and manual trades and have the ability to increase the positions entered by utilising leverage. Alongside this, there are no fees (although the brokerages may have their own), 24/7 trading, reported same-day withdrawals and a wide range of cryptocurrencies on offer. 

Bitcoin System also has a mobile app, which is a good thing to have with a trading robot – and as many are restricted to browser functionality, this could be a deciding factor.

Is Bitcoin System a scam platform?

There are a lot of factors about Bitcoin System that lend to the fact that it is more likely to be a legitimate site than it is a scam, but this doesn’t mean that you should jump straight in and sign up without taking a look at user testimonials and reviews around the web. The more positive these are, the more likely the website is to be real and take care of your funds. Don’t forget that it’s not only third-party websites that will have a wealth of information, but social media platforms like Reddit will also be a worthwhile glance.

It will be easy to look at the attributes that Bitcoin System doesn’t seem to have that may make it look like a scam, such as no demo trading account, but as the AI determines the right trades and sends the signals over to brokerages, these won’t need to be facilitated on the site itself.

Trading tips for Bitcoin System 

When it comes to crypto trading, Bitcoin System is best used as part of a trading strategy when you want to perform trades manually or partner with brokerages to increase your chances of making higher profits. While there are no guarantees when trading cryptocurrencies, using auto trading software and additional support isn’t likely to hurt your efforts.

Automated risk management processes can be set up and there will be tools and features provided by brokerages that will make your experience trading more worthwhile than when doing so alone.

If you opt for algorithmic trading, the whole point is to minimise your interaction and time spent, but don’t forget to check in on the parameters you set to make sure that everything is functioning as you’d hoped. 

If you do partner with a brokerage, be aware that there are pitfalls associated with leveraged trading – and these mainly relate to the fact that losses can be larger as positions are larger and everything is calculated across the whole spread. This means that many traders don’t always realise how quickly losses can build up and trading accounts can be suspended or shut down entirely if things go too far.

Who are the developers of Bitcoin System?

One of the interesting things about Bitcoin System is that while there’s little information on the developers, there is mention of two skilled brokers combining their efforts and skill sets as financial market traders and software developers to create it. 

As this trading robot has seen some popularity within the niche, there have been rumors circulating online about who they could be – and while the Winklevoss brokers have been mentioned, there is no supporting evidence to say that they had any involvement. Keeping identities private isn’t uncommon within crypto software niches, so this is not necessarily a concern.

Is Bitcoin System a worthwhile trading robot?

trading robot

There are many reasons why you may want to get into crypto trading, whether you’d like to earn some passive income on the side or you hope to make the kind of moves that will help you to quit your day job (remember that this doesn’t happen often). Making use of a trading robot will help you to make better educated decisions and may improve your risk management strategies. There are pitfalls when it comes to using Bitcoin System however, as it partners with brokerages that offer leveraged trading. 

This means that a lot of the features that you can expect or associated fees and even the amount of profits and losses you may incur are not directly linked to the trading software itself. Having said this, it is a relatively unique platform that has gained some traction within the crypto community, so it could be a worthwhile platform. 

Always keep your unique needs in mind, as what will work for one trader will undoubtedly not work for another. You’ll need to keep your budget, trading style, preferred parameters and other similar factors in mind when making a decision on which crypto trading robot to choose. The fact that it doesn’t have its own demo trading account means that you will be relying on the brokerage to have one, and if it does, be sure to use it before using your real funds to get to grips with all of the features on offer.

Doing so will only help your endeavors and act as another part of your risk management strategy. When you gain some familiarity, you’ll be able to use the site easier and minimise the risks that may come with clicking the wrong buttons or instigating the wrong trades by accident.

Overall, Bitcoin System doesn’t seem like a scam website and it has a lot going for it, so it may well come into your shortlist if you’re researching a host of trading robots and their potential.

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Bitcoin System FAQ

Are there any celebrity affiliations?

As with most trading robots, there has been talk of celebrity endorsements, with big names like Elon Musk, Bill Gates and Richard Branson mentioned, as well as features on UK and US business shows Dragons Den and Shark Tank. As is typically the case, there is no supporting evidence for this - and celebrities are not particularly likely to put their name toward a trading software in general.

Does Bitcoin System charge any fees or commissions?

There are no trading fees or sign up fees with Bitcoin System, but users will want to be aware that the individual brokerages that it partners with may have charges that you will need to look into before making a decision to sign up. This is an unfortunate drawback of this trading robot that otherwise seems to have a host of interesting features.

How much experience do I need to trade on Bitcoin System?

When it comes to trading experience, you don't need any significant knowledge in the crypto niche as both the software and the brokerages will fill in the gaps as long as you have a cursory understanding of the markets and how things function. It's never advisable to go in completely blind and rely on these however, so you may want to at least brush up before putting your money on the line.