Bitcoin Pro recently hit the headlines with claims by many users that is a profitable software for trading Bitcoin. Some users have claimed the Bitcoin pro website can help achieve a profit of $500 per day. Some users have claimed they are even making up to $2000 in the first 24 hours of trading.
This Bitcoin pro review explores the software to find out if it is legit or scam or if it can help a user earn the alleged profits.
Advice for beginner traders
If you are starting to trade cryptocurrencies, understand there is a high chance of earning huge profits but also a higher chance of losing the investment from irresponsible trading and uncalculated moves. The risk of losing the money increases as does the chances of getting high profits when using margin trading feature on Bitcoin Pro or other trading tools.
For this reason, beginner traders are advised to start with a small deposit of $250 (minimum accepted at Bitcoin Pro) and to learn trading first before they can upgrade. This small deposit allows you to practice trading and you can always upgrade by only plowing back profits. Bitcoin Pro accepts debit and credit cards.
High profit ratio
Not a scam
Is Bitcoin Pro scam or legit?
- Searches for Bitcoin Pro legit or scam yield results that show 88% of users satisfied with the Bitcoin pro website.
- Looking at TrustPilot and Forex Peace Army and other independent feedback sites reveal that it is popular with many users and these alleged that it performs consistently.
- Bitcoin Pro reviews on the Internet reveal that Bitcoin Pro is a viral issue online and not only does it appear among the first most popular bitcoin-related keyword searches on Google, it also is featured multiple times on mainstream media.
- A demo test on Bitcoin Pro found it easy to use: you just register a free account, deposit the capital, adjust your risk settings and start live trading by a click of a button.
- Bitcoin Pro works with regulated brokers including UK Financial Conduct Authority (FCA) and the Australian Securities and Exchange Commission (ASIC).
- Not only is the Bitcoin Pro website encrypted, those searching for Bitcoin Pro legit reviews find that it has not been hacked yet from intercepting traffic. Besides, it is also GDPR-compliant according to their claim.
What is Bitcoin Pro?
Bitcoin Pro bot uses robust algorithms that perform research and trades automatically. Reputable traders come up with trading strategies, which are in turn used as the basis of these algorithms. Allegedly, the founder of the bot made millions out of these strategies and so it may be a tested piece of software.
How it works is having the robot connect to brokers and then feeding the brokers with strategies to implement. The implementation is instant because delays would cause losses given the high speed in which markets can change.
Brokers will also receive deposits from users since Bitcoin Pro bot has no legal mandate to handle deposits. According to regulations, anyone taking and handling deposits must register as a financial institutions. Working with a regulated broker ensures the funds are protected. Further, FCA and ASIC and other regulatory bodies require brokers to report periodically on client capital and usage of their services, which further secures clients’ funds. According to regulation, the brokers must not use deposits for other purposes.
How Bitcoin Pro App works
This robot utilizes artificial intelligence and blockchain to do research and implement trades. It can carry out trades at an accuracy level of about 90% thanks to its subsets of Deep Learning (DL), Machine Learning (ML) and Natural Language Processing (NLP). These algorithms enable it to perform better and handle different datasets it receives from users.
Bitcoin Pro software will scan and collect data and information from the internet, including news and social media sites. This information is used to perform fundamental analysis to derive tradable qualitative data. It can sort genuine from fake news and derive high-quality trading signals from information scanned and collected from thousands of charts. The software scans information, analyzes and comes up with trading insights within a fraction of second to compete with speedy markets.
How to use Bitcoin Pro App
Bitcoin Pro works as an automatic trading bot on trading software such as MT4 where it embeds to submit trading signals and have them executed automatically. No mastery of MT4 or other trading software is needed to use the robot.
Registering an account: How it works is by the user registering an account with Bitcoin Pro and making a deposit, then starting live trading. To register, click on the Bitcoin Pro homepage and fill the form provided on top of the page. Some of the details required include your name as appears in the national ID, and a working email and phone number. Then you will be required to verify the email and an SMSs is then sent to your phone.
Bitcoin Pro is available on a select number of countries. Please check the full list on their home page.
Verification: On registering, a customer on Bitcoin Pro is connected to a partner broker who is regulated in the customer’s jurisdiction. You are then required to provide more information to verify your identity and comply with Know Your Customer (KYC) measures. This information includes a copy of ID and a recent bill, which should be uploaded on the platform.
Depositing: You will be required to deposit an amount, in the minimum of $250 after verification to start trading. The deposit can be made via debit or credit cards. Once trading starts, BTC Pro charges a small commission on profits made with trading it.
Demo trading: Going through a demo trading account is mandatory for anyone wanting to use the live platform. That allows you to avoid any mistakes on the live platform. The demo allows you to understand how to set risk per trade and time, which helps earn more profits and reduce losses when Bitcoin is volatile.
The demo account simulates real market conditions and the results from demo trading are not far from those gotten in live trading. Performance is, however, determined by current market conditions.
Live trading: Live trading requires defining the level of risk you are comfortable with before you can go live. It can be done by a click of a button. Once you have deposited, it is recommended to risk not more than 10% of your account per trade. That’s because the chances of blowing your account increases with the increase in the risk set.
Key features, investors and verdict on scam/legit
This app has a vast user base and great online feedback and has the following features: it is easy to register and use, has excellent customer service, has high profitability, and is secure. We have discovered that this bot is similar to Bitcoin Profit, another reliable trading app we have recently reviewed on our website.
Some of the investors allegedly behind this innovation include Daniel Radcliff, an English Producer with a net worth of over $100 million.
Bitcoin Pro App appears to be legit, with excellent reviews on the internet with most being positive. This complements its security architecture and compliance to GDPR, and the fact that it works with trusted brokers.
High profit ratio
Not a scam