Bitcoin Bank Review: Is it Reliable? Be sure to read before investing

For most people who invested in cryptocurrency trading, the year 2020 started in a very profitable way, generating a lot of financial gains. Many of these profits are thanks to tools called the Bitcoin robot like Bitcoin Bank.

It is not too late to start making money from this type of market and there are some ways to achieve your goal of becoming an online trader. If you plan to join thousands of traders to make money from buying and selling cryptocurrencies, you should consider using systems with automated trading robots.

For those who have no experience in this type of market, we know how difficult it is to find an alternative source of income, in addition to full-time employment; that’s where the idea of ​​using an automated trading platform for cryptocurrency comes in. To make it easier for anyone who wants to start making money with the cryptocurrency market, there is Bitcoin Bank, one of the automated trading platforms that has been in the market for some time.

To make sure that Bitcoin Bank is a good option for buying and selling trading system, we have summarized it to help you understand how the company operates and thus be able to choose whether it will be a good investment for you.

This analysis was made by an independent author, and does not reflect the opinion of cryptoeconomy.com.br. Investing in complex assets and assets carries risks, and investors must act at their own risk.

How Bitcoin Bank works?

Bitcoin Bank is a robot suitable for beginners, provided with written instructions to help you navigate its platform. You need to go through the video tutorials and PDF guide before clicking on the live trading button.

Otherwise, errors may occur that could compromise your capital. Bitcoin Bank connects to regulated brokers to facilitate order entry.

The robot forwards the signals to these brokers which automatically execute them. He also relies on them to manage deposits and withdrawals. Regulated brokers must adhere to strict regulatory requirements including the separation of deposits.

Brokers must also be part of a deposit protection system to ensure users will receive a refund in the event that the broker stops trading.

Bitcoin Bank partner brokers seem highly reliable and properly regulated. They comply with FCA and ASIC standards and have taken steps to protect user data.

One of the main roles of these brokers is to provide adequate financial leverage. Leverage refers to a loan offered by the broker to help users take on larger positions.

Bitcoin Bank partner brokers offer leverage of up to 5000: 1 and therefore users can trade positions up to 5000 times their invested capital.

How to create an account with Bitcoin Bank?

Follow the steps below to start trading with this robot.

Registration

First of all, log in to the official website to create your free account and access its web-trader. The process is simple and takes only a few minutes.

Deposit

You need to fund your account in order to access the markets. As mentioned earlier, Bitcoin Bank relies on broker regulations to facilitate transactions. To trade, the minimum that these brokers accept is $ 250.

Learning

Bitcoin Bank offers a complete training center. The robot works on autopilot, but users need to understand how it works during different market conditions to use it appropriately.

Live trading

Once you practice through the demo account, this should be the easiest step. Bitcoin Bank offers better performance if left running for at least 8 hours a day. This is because it applies the scalping trading approach, which involves capitalizing on small price movements.

Visit Bitcoin Bank

Fake Testimonials That Are Ridiculous

On the website, Bitcoin Bank has testimonials that are all accompanied with flash photographs of people who are by jets or bathing in money.

However, the investigation from TrustPedia shows that these testimonials are not legitimate. The reviewers are, in fact, actors that have been hired. Anyone can spend some money to pose near a jet plane and make it look like it’s theirs. Most scam robots use these types of photos with their testimonials.

Any robot that features testimonials of show-offs is sure to be a scam. We think that you should really pay close attention to what is being said on these platforms before you register with them. In fact, you probably shouldn’t register at all, and you definitely shouldn’t fund the account with your money.

Fake Partner Brokers and Web-Trader

The web-trader on Bitcoin Bank is just a webpage. It looks like a trading platform, but it isn’t real. Our investigation has shown that there isn’t an algorithm behind it, so the results that it does generate are all predetermined.

This means that no live trading ever takes place when you’re on the platform. Like similar scam robots, Bitcoin Bank depends on the scam brokers to get the money from the deposits. We mentioned earlier that none of these brokers are regulated. Because of that, there is no oversight, so you can’t keep them accountable for their actions. Therefore, the deposits that you make to the fake web trader cannot be recovered at all.

It’s essential that you make sure the brokers listed on the auto trading website are regulated by appropriate agencies. The best regulators for crypto or forex traders are the CySec, FCA, ASIC, and FSB. If you find a robot that has regulations in other jurisdictions, it might not be legitimate. Also, if you can’t find any proof as to which robots are used, then you should definitely steer clear of those. For example, Crypto Bull App and Anon System are both scam bots because of their regulatory issues.

No Withdrawal Option and Unsafe Deposit Processes

We have found that Bitcoin Bank doesn’t have any data protection policies in place. For example, it appears to keep your billing details beyond what they are intended for.

Also, you are going to find that the deposit page isn’t encrypted at all. Therefore, hackers could intercept this information on the platform and copy your personal data, such as your bank information.

Like similar scamming bots, Bitcoin Bank doesn’t allow you to withdraw the capital you’ve earned. Once the money is funded, and in the platform’s account, you cannot retrieve it. The scammers from the platform then share those deposits with the scam brokers with which it partners. Meanwhile, you think that you’ve given money to a legitimate web-trader and are going to make live trades with it. Our investigation has revealed that Bitcoin Bank doesn’t respond at all to its withdrawal requests. Likewise, it is probably going to block you from using the platform again if you try to fight to make withdrawals of your money.

How does it work?

Bitcoin Bank Breaker utilizes an extremely innovative algorithm and artificial intelligence. It defines only the profitable trades. The software works on how the exchanges operate.

The price of the coins goes down and up. That happens due to supply and demand and supply and demand are somewhat different from 1 exchange to another.

Then it registers the prices of the cryptocurrencies and transactions the most profitable one.

There are frequently significant price differences in precisely the same coin on various exchanges. It selects the lucrative coin, trades and exchange. This program only deals when it’s sure of earning profit.

Bitcoin Bank Breaker utilizes an extremely innovative algorithm and artificial intelligence. It defines only the profitable trades. The software works on how the exchanges operate. The price of the coins goes down and up. That happens due to supply and demand and supply and demand are somewhat different from 1 exchange to another.

Then it registers the prices of the cryptocurrencies and transactions the most profitable one.

There are frequently significant price differences in precisely the same coin on various exchanges. It selects the lucrative coin, trades and exchange. This program only deals when it’s sure of earning profit.

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