Bitcoin Profit Review 2020
Bitcoin Profit can be explained as an automatic trading software that John Mayers created, which professes to operate at 0.01 seconds faster when compared to the market average; it also claims that it helps many of its traders make it daily profits by trading on Bitcoin and various other cryptocurrencies. It has been revealed that Bitcoin Profit operates much faster than most trading algorithms and allows its traders to perform successful trades. After using it, traders claim that it has a 90% success score while performing automatic trades on behalf of their traders.
What is Bitcoin Profit?
It was developed with a complex algorithm to decipher the trading signals emitted by the trends on cryptocurrencies and with Bitcoin. An entrepreneur created Bitcoin Profit from the fintech industry who got into Bitcoin trading at an early stage and allegedly made huge profits from it. If you are wondering how to profit from Bitcoin, then we suggest to make use of this automated trading platform. More traders, after using the platform, benefit from the Bitcoin profit app. Besides, the trader can use the robot for trading bitcoin for profit, as well as buy and sell Bitcoin for profit.
Let us see a few Pros and Cons of Bitcoin Profit –
|User-Friendly Interface.||No Mobile app.|
|Withdrawals are Easy and Quick.||Fake websites.|
|The minimum deposit is $250.||The brokers are chosen by the robot automatically.|
|Offers Demo account.|
|It offers free software for trading.|
Features of Bitcoin Profit
After being launched, Bitcoin Profit in one year had rapidly gained a good reputation of being the fastest, accurate, and most reputable robot for trading cryptocurrencies and Bitcoin.
Even though there is no accurate information about the platform’s other founders, except that it was founded by John Mayers, who knows very well about the market for Bitcoin and cryptocurrency trading, the users claim that Bitcoin Profit is one of the best trading bots with winning algorithm.
One of the most advantages features of Bitcoin Profit software is, it is offered free for all its traders. Moreover, it is a successful software, and the owners do not charge anything for subscribing to it.
The owners get only one percent of the Profit of the successful trading operations done by the traders who are registered on the platform. This means the Profit received by the owners is due to the volume of trades generating profits from the trades within the platform.
It performs autonomous trades with the help of smart Bitcoin robots in the cryptocurrency market. The robots use the funds deposited in the trader’s Bitcoin Profit account to execute the trade. When a profitable transaction is detected, the trading Bitcoin robots go ahead and place a trade; they buy and hold the cryptocurrency, later it is sold at a profit when the price increases.
As per our Bitcoin Profit reviews, it states that the traders get more profit on the trades made on this platform; there is substantial evidence given in the website’s testimonial section.
It offers various crypto pairs for its users. There are several crypto pairs the traders can choose to trade with it. Some of them are Bitcoin, Litecoin, Ethereum, and ripple.
Withdrawing funds from it should not take longer than 48 hours. This can be stated as one of the fastest withdrawal when compared with other trading platforms.
It is fully protected by using SSL technology and offers high security for its traders. Furthermore, the brokers in this platform are regulated; that makes the platform safe. When the trader makes a deposit, their information will not be stored.
The brokers offered by the platform are safe and efficient. The brokers are compliant and regulated with the regulatory offices hosted in their country.
What is Bitcoin Mining?
Bitcoin has attained some serious growth year after year. It is expected that in the year 2020, it will have the third halving of Bitcoin. This process can be explained as the number of Bitcoins mined every few minutes will be reduced into half. The earlier two halvings took place in the year 2012 and 2016, which marked a massive hike in the going rate of Bitcoin. The most recent upcoming halving will likely do the same as the supply of Bitcoins will slow down, and the price of it will rise further, which will balance everything.
What is Bitcoin Halving?
From 2019, cryptocurrency has become more complicated and involved. With Bitcoin, the reward will be halved every four years. The process of confirming the transactions is called Bitcoin mining. Individuals who do Bitcoin mining are rewarded with a small amount of Bitcoin for their effort. The Bitcoin miners need to have a variety of high powered computers attached to solve mathematical problems that are labor-intensive to do the mining. This keeps everybody safe and retains the accuracy rate of the blockchain.
How long will it take to mine 1 Bitcoin?
On average, the time taken for the miner’s computational power in the world to get 1 Bitcoin is 10 minutes, a figure which arises out of a result of progressively powerful machines and increases in the number of mining pools. Simply put, 1 Bitcoin is mined every 10 minutes, and rigs involved in developing a new block will divide the reward among themselves. Presently the reward is currently set to 12.5 Bitcoin, yet it will change because of halving.
Is Bitcoin Profit a Scam?
The official website of Bitcoin Profit is straight forward and simple. It states that it has 99.4% accuracy rate when performing the trades. Also, it offers various insights into the important features of the robot and offers an option to use the demo account before starting the live trade.
In 2018, Bitcoin and several other cryptocurrencies had suffered a massive hit and lost over 700 billion USD, because of its volatility. So, the traders should be very careful while investing and trading on cryptocurrencies.
There is no solid proof which indicates Bitcoin Profit is a scam. However, several videos claim that it is a scam, again there is no evidence. Moreover, traders need to be aware that cryptocurrencies and Bitcoin operate in a highly volatile market.
Why Bitcoin Profit?
It works as automated trading and takes over trading activities on behalf of its traders. It uses an advanced algorithm to choose trade options as well as open and close the trades. Also, the trader can control their loss limits, trade assets, and the amount of money that is used by the robot to trade.
Bitcoin Profit offers an easy to use web-based platform. It is one of the leading crypto trading bots with an application. The trader needs to download it from the main website to avoid the duplicates.
It monitors the changes in the market, identify the market trends, and forecast profitable opportunities by using its complicated algorithm. It alerts the trader through email or SMS notifications in real-time. The trader has the choice of turning off the alerts.
Bitcoin Profit is a user-friendly, smooth functioning platform which is used by both new traders and experienced traders. There are reputed brokers within the platform, and the algorithm carries out the process of purchasing and selling cryptocurrencies in-house.
It retains 1% of the Profit, which will be handed over to the owners of Bitcoin Profit, who also emphasized that this software is 0.01 seconds faster than its competitors.
Bitcoin Profit Compared with Other Robots
Bitcoin Profit auto trading system is free, and it delivers with the same accuracy as subscription-based robots that are available in the market. Further, it provides the user with a certain level of control, which is a standard feature in auto trading robots. It has numerous clones, which are the limitation.
|Bitcoin Profit||Other Robots|
|Offers Demo account which is same as the live account.||No Demo account.|
|Has Success rate of 90 – 92 %.||Few of them are scam and do not perform successful trades.|
|Minimum amount to start trading is $250.||Demands a larger amount as an initial investment.|
|The registering process is easy and simple.||The registration process requires to fill in more forms.|
|Withdrawal requests are processed within 24 hours.||Takes more time for processing withdrawal requests.|
|An account can be created within minutes.||The account creation process is lengthy.|
|Dedicated customer service.||The trading system is not transparent.|
Advantages of Bitcoin Profit
- Verification System
The verification system of Bitcoin Profit checks for the information entered is correct while creating a new account to make sure the traders will not have problems when they need to withdraw their profits. To sign up, the trader needs to add some personal information, which includes email address, name, and phone number.
Bitcoin Profit’s payout system is fast and accurate. Besides, there are no delays, and the bot claims that on average, the traders can earn a minimum of $1,300 daily. Even though they will not earn high amounts in the beginning, some traders have reported that they had made profits, and they have reinvested to increase their profits.
- Withdrawal and Deposits
The trader can make withdrawals anytime during the day, and it will be processed within 24 hours. In Remote cases, if it does not happen within 24 hours, it can take up to 3 days. When compared to other robots that are available in the market, which takes ten days to process a single withdrawal, the Bitcoin Profit withdrawal process is very fast, which takes 24 hours; or a maximum of 3 days. Moreover, the deposit is made in a few seconds through any of the payment options chosen by the trader.
It charges one percent of the trader’s Profit as service fees. This system is transparent, and the deductions are always precise.
- Customer Support
It offers a customer service online portal, which is available on the platform 24×7. This is very helpful because the traders can contact the customer service agents from any part of the world with different time zones. As per our Bitcoin Profit reviews, the customer service is very responsive and helpful.
- Feedback system
Bitcoin Profit’s feedback system offers a section where the traders can write their experience in the platform, where we can see them as a testimonial on their website. The feedback offered by the website offers more insights about this platform and give confidence to the new users to work on this platform.
Bitcoin Profit trading system is monitored by reputed and professional brokers who checks the transaction chosen by the trading robots to make sure they are profitable.
Can You Make Money with Bitcoin Profit?
Bitcoin Profit auto trading system claims that it has generated good profits. The platform is very simple and easy to use, and more traders have written good testimonials on their website.
As per our Bitcoin Profit reviews, we suggest to the new traders that, after registering for a new account, we should use a demo account before proceeding with the live account. This will help the traders to avoid the risk of losing money.
Bitcoin Profit auto trading system is helpful for beginners and experienced traders who would like to invest and trade in cryptocurrencies, and they do not have the time for manual trading. Few tips for beginners are described below.
Tips for Beginners
One should keep in mind that Bitcoin Profit will not make the traders millionaire overnight, yet it can generate profit almost daily. We have suggested a few helpful tips for new users who are looking to earn a passive income from trading in the cryptocurrency market.
Bitcoin Profit appears to be a legitimate automatic trading robot. New users should always begin with a minimum investment to test their luck and the software. We would highly recommend an initial investment of $250, to begin with.
The traders should start with small investments considering a deposit of a minimum of $250 and grow their capital. They should keep in mind that even though Bitcoin Profit claims to have a very high success score, there are a lot of fluctuations happening in the cryptocurrency market.
The trader should make use of the demo count and ensure that they understand how the platform works before they start using the live account. Further, this platform offers a demo account to help new traders to get used to trading on it.
Besides trading on the demo account, the trader should take advantage of the tutorials and the customer service offered by Bitcoin Profit; acquire more knowledge and increase the chances of success score when trading on the platform.
The trader should always withdraw the profit and reinvest the initial capital and save their profit. Moreover, they should follow the cryptocurrency market trends by reading the trading news, articles, headlines regarding the cryptocurrency market.
The user should invest their money that they are not prepared to lose, and also, they should not invest their savings. This is because if there are fluctuations in the cryptocurrency market, the savings amount will disappear gradually.
Benefits of Bitcoin Profit
There are several benefits offered by Bitcoin Profit that have made the traders use this automated platform. The most important one is that the trader does not need any prior knowledge of the trading field to use it. Also, it simplifies every part of purchasing and selling the Bitcoin, which is not found in any other platform. Users should keep in mind that this automated software is free of cost, and it can be used at any time.
Compared to other automatic platforms, Bitcoin Profit does not ask the trader to complete several questions to create an account. Registration in this platform is a simple process where the trader needs to provide necessary information like name, email address, and contact details, and the account will be created instantly without wasting time.
Depositing funds in this platform is easy and straight forward. The trader needs to select their preferred payment method from several options available. They need to enter the required details, and the process is complete. The transactions in this platform are 100% secure.
When compared to other automated robots available in the market, Bitcoin Profit allows fully automated trading, and the traders can change the settings according to their requirements. The trader can set predefined trading options and can be used on cryptocurrencies like Bitcoin, Ethereum, Litecoin, Euro, etc.
Though there are several auto trading robots available for trading cryptocurrencies, it is still a new invention, and many people find it difficult to trust. It had received good reviews from the traders, which confirms the high utility of this platform.
Withdrawals at this auto trading robot can be made within 24 hours; when compared to other trading robots available in the market, which will take 5 to 7 days to process a withdrawal.
Bitcoin Profit’s customer service can be accessed directly from the trader’s dashboard. Live chat is also accessible, which makes the process stress free. The dedicated customer service helps the trader all around the world with different time zones to sort out their problems in a much faster way.
How to Open an Account?
As per our Bitcoin Profit review, the registration process is straight forward and takes just a few steps. The steps are given below –
The trader needs to visit Bitcoin Profit website – https://bitcoins-profit.com/
The second step would be to enter their first name, last name, email address, and register
The third step would be to choose a password with excellent strength
The final step would be to add the contact details and click submit
Creating an Account on Bitcoin Profit
To register with the Bitcoin Profit platform online, the trader needs to create an account on its official website. When the trader had accessed the website, they need to fill out a form with the required information like full name, contact number, email address, and the country.
After creating the account, the traders are assigned one of the partner brokers that are used by Bitcoin Profit to operate; and that should take the trader to their dashboard.
When the trader accesses their dashboard, they can select a demo account to test the content of the platform, or they can directly start trading with a live account. We highly recommended traders of the Bitcoin Profit trading platform to use the demo account before going ahead with the real trade.
- Get a Demo trading account
It is not mandatory to go through the demo account, yet it is recommended by us to use this account. By using the demo account, the traders can experiment with the platform and understand the functionalities offered by the platform.
While using the demo account, the traders are offered with $1500 fictitious capital, where the traders can execute the trade by using the help of a robot and learn how it is executed.
Besides, the demo account mirrors the real account of trading with Bitcoin. When the trader is confident enough, they can proceed with the live account and start making more money with the help of the robots.
- Deposit Fund to start trading
Bitcoin Profit trading software is free to use, yet the trader needs to invest a minimum capital amount with this broker. This amount will be used by this trading bot to execute the trades on behalf of the traders to earn a profit. The minimum deposit required by it is $250. The traders are requested to start with the minimum amount, collect the profits, and reinvest their capital. The payment methods offered by Bitcoin Profit are Visa and Master credit cards, Skrill, Neteller, and several other options depending on the trader’s location.
- Live trading feature to earn the maximum profit!
As per our Bitcoin Profit reviews, the platform offers trading pairs such as XRP/USD, BTC/USD, ETH/USD, LTC/USD; and it helps the users to earn more profits. Live trading is the most important step because this is where the trader tells the robot their trading strategy to execute the trades and how to operate. It is a reputed automatic trading platform where the trader can select the settings to be used as well as the trading pairs they want to trade with. When the traders have selected the settings, they need to save it, go to the dashboard and click auto trade on to start trading.
There is not much information available on the background of Bitcoin Profit, yet it claims to be the brainchild of John Mayers. It would be more helpful if there was more information available about the founders.
It had been remarked as a scam as there are a lot of videos available on the Internet. Yet there is no solid proof claiming Bitcoin Profit as a scam. However, the trader should keep in mind the volatility of trading complex assets like Bitcoin and various other cryptocurrencies.
Bitcoin Profit had claimed that it is a reliable trading software that brings profits to the traders. Further, the trader should only invest the amount that they can afford to lose and should start with a minimum investment of $250. Bitcoin Profit retains 1% of every trader’s profit as a fee, which is quite reasonable when compared to other trading robots available in the market. Much people are just getting accustomed to the crypto trading platform, yet these platforms need to go a long way to capture the attention of the traders by providing incredible service.
1. Does Bitcoin Profit have a high success rate?
The Bitcoin Profit trading platform can monitor the cryptocurrency market and precisely identify profitable trade signals by using smarter algorithms. The robot buys cryptocurrencies at low prices and sells them at a high price by ensuring the traders earn profits when they are trading. Bitcoin Profit has a success rate of 92%, which makes it one of the best automated trading platform for Bitcoin and cryptocurrency trading.
2. Does Bitcoin Profit have a Mobile App?
Bitcoin Profit does not offer a mobile app; moreover, the trading platform can be used through a browser on smartphones and other devices.
3. Is it profitable to buy Bitcoin?
Bitcoin has been proved profitable as an investment since the day of its creation. In other words, it is widely adopted as a method of payment, and it is widely used as a store of value. Even though Bitcoin’s price has been stabilized, its value depends solely on supply and demand. Moreover, it does not generate income like stocks or bonds, does not pay interest, and do not have any intrinsic monetary value.
4. Should I invest in Bitcoin?
We can say that Bitcoin’s price has been more stable in the year 2019 than in previous years. In 2017, its price increased from $1000 to $20,000, and at the end of the year, it stayed at $14,500. In 2018, Bitcoin decreased from that level at the beginning of the year to less than $4000 at the end of the year. So the price of Bitcoin keeps fluctuating. When it comes to buying and selling a cryptocurrency, one of the most valuable investment is time. Experts remark that cryptocurrency is highly unpredictable, even the ones like Bitcoin, which are more popular.
- User-Friendly Interface.
- Withdrawals are Easy and Quick.
- The minimum deposit is $250.
- Offers Demo account.
- It offers free software for trading.
- No Mobile app.
- Fake websites.
- The brokers are chosen by the robot automatically.