Why Trade Cryptocurrency?
A digital money or cryptocurrency is a virtual cash made and overseen by the utilization of cutting edge cryptography systems. Bitcoin got extensive media coverage in April 2013, as it rose to an all-time record of $266/bitcoin. This was around four years after its creation in 2009. Since that time, bitcoin has soared in value, scoring a $17,000/bitcoin in 2017. The fact that the ceiling for the growth of bitcoin is high means everyone should be benefiting from it.
Bitcoin can genuinely be the money of today and tomorrow. The most recent valuation of bitcoin shows an incredible future for people who are trading it right now. The value of Bitcoin has grown in the last few weeks, and numerous people have profited by trading it.
Trading bitcoin is, by all accounts, exceptionally worthwhile nowadays. There are several people smiling to the bank despite the economic tough times’ thanks to trading bitcoin. Be that as it may, it can be a bit difficult to start trading bitcoin when you don’t know what to do or where to start from. However, the birth of software like Bitcoin Up means anyone can trade bitcoin successfully.
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Bitcoin Up –Legit Or Scam? Read On To Find Out
Bitcoin Up has become the go-to trading platform for top crypto traders in the last few months. Individuals state that they are making lots of profits and massive winnings utilizing the system. We chose to review this robot and see if it is a scam or something you can trust. Our devoted group of reviewers had to go through this trading robot and have arranged this review for you in an accessible and readable form. With this review, you can discover all that you need to know about trading with the platform.
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How does it work?
Once you joined, the platform will connect to a fake unregistered broker and pretend to trade currency pairs using the robots but in no time your money will vanish.
Now let’s debunk all the many lies of Bitcoinup.io below.
Pay attention as this guideline can help you spot other scams
- Untruthful launch dates:To appear legit most scams backdate their founding dates. In this case, Bitcoin up claims to have been launched in 2016. During my research I also found many of their paid reviews indicating different founding dates. Like this one below that said 2018. Make up your mind already Bitcoin up.
Anyway since y’all care to know, I’ll tell you. I looked into their who.is data. Bitcoin up was founded in 2020 April which was when their website was launched. Another clear indication of the website’s recency is the fact that the founder(s) just claimed their Trustpilot profile in June 2020. I talk more about Trustpilot shortly.
- Paid reviews: I have to admit Bitcoin up is going all out with these scheme. It’s paid lots of websites to promote. It’s almost like classic gaslighting– you know this platform is a scam yet there are so many articles on the internet saying it’s legit. Nice try Bitcoin up, we see right through the gimmick. One clear sign of a fake review is it peddles false information. The first 10 search results on Google for ‘Bitcoin up review’ are almost all positive. Singing the platform’s praises and presenting it as the next best thing after sliced bread.
All lies and I even have the receipts to prove it. For example cryptovibes (dot) com claims in their June review that Bitcoin up has over 2500 positive reviews on Trustpilot (one of the most popular review sites on the internet.)
False, I checked. As of July 1st when this review was written Bitcoin up had only 8 reviews on their Trustpilot official review page. This is just one of many lies peddled by fake review platforms like cryptovibes and many others dancing to Bitcoin up’s tunes. You wonder how much they were paid to sell their soul and conscience to promote a scam.
Here at IdeasDome.com (my blog), we will never knowingly promote any scam scheme. Never. We will never sell our integrity at any price.
Now let’s talk more about Trustpilot reviews. Do you know? Having a high rating on Trustpilot and lots of positive/negative reviews is not proof of a platform’s authenticity. Not too long ago, I explained here how scammers have hijacked Trustpilot reviews and why Trustpilot management is doing nothing about it. You can see that article here later after this Bitcoinup.io review.
How Does the Bitcoin Up App Work?
Bitcoin Up has an effective and interesting working mechanism. It is a trading robot that works by connecting to the market via the broker’s platform. The algorithm of the software does extensive market research to find trading opportunities and once this is done, the software is designed to then automatically open a trade on behalf of the trader in their broker trading account.
The software works directly with the brokers’ platforms to ensure that an effective order execution system is created and that trades are opened instantly. The swift order execution ensures that slippage and losses do not occur. Slippage occurs where there is a change in the initial bid and ask prices of an asset. By opening a trade at the right time, profitability is maximized.
The functions of the Bitcoin Up brokers involve providing leverage for the trades and facilitating transactions. Since most trading robots are not regulated as financial institutions, they do not have the platform to execute trades. Hence, they rely on brokers to receive deposits from the public market. According to regulatory requirements, brokers need to register as financial institutions and abide by a set of guidelines. Bitcoin Up understands this and only works with registered, regulated, and accredited brokers. Since the Bitcoin Up developers partner with only regulated brokers, users are sure of the safety of their funds even in bankruptcy. The trading conditions of the brokers are also excellent, as they offer trading leverage of up to 4000:1 to traders.
How Their App Works?
Their robot utilizes advanced AI algorithms to identify trading signals from bitcoin-related news. As mentioned above, the robot is always 0.001% ahead of the market cap. This justifies its supposed accuracy level of above 99%, which is a win rate no one could match.
Bitcoin Up relies on brokers to execute orders and facilitate transactions. These brokers are well regulated and hence insure users’ funds against loss in the event of bankruptcy. Moreover, they have advanced technologies in place to safeguard data. Users’ are also required to adhere to strict cybersecurity measures to ensure that their Bitcoin accounts are safe.
The Bitcoin robot is entirely auto, and hence beginners can trade with it comfortably without having to go through any form of training. The only thing that users need to do to trade with it successfully is to read the manual that accompanies it. It provides a dedicated account manager to assist users through the first steps of trading the Satoshi Nakamoto currency, bitcoin.
It takes a few minutes to create an account with the Bitcoin robot. The trading process is also straightforward. As stated earlier, the robot provides a guide to help users navigate through the platforms. Here is a simple process to opening an account and trading bitcoin with this bot.
STEP ONE: Register On Their Website
Visit Bitcoin Up’s website and create a free account. As mentioned above, the process is simple. All you need is to submit your name, phone number, and email address, through the registration form. You will also have to create a secure password and verify your email address and phone number.
The Bitcoin trading robot only asks for the necessary data and has measures in place to safeguard your email address and other valuable pieces of information. Moreover, you won’t need to go through a tedious KYC process to use this robot.
STEP TWO: Deposit A Minimum Of 250 USD
You need at least 250 USD to trade with Bitcoin Up. The amount is your trading capital and not the trading fee. The Bitcoin robot is free for all users. However, as the demand continues to rise, there is a possibility that a license fee will be introduced. You should take advantage of the free license by registering now.
This robot accepts account funding through Mastercard, Visa, Wire Transfer, Western Union, Maestro, WebMoney, Neteller, Skrill, and some Bitcoin wallets. All deposits are made through a recommended partner broker. These brokers are well regulated, and hence users have an assurance that their bitcoin is safe.
STEP THREE: Trading Guide And Demo
After you deposit for your bitcoin wallets, you can access the free trading guide provided by the bot. This guide should help you through account setting and live trading. There is also a demo account for practice. You must go through it before going to the live trading account.
Bitcoin Up also provides a dedicated account manager to guide new users through all the features of the robot.
STEP FOUR: Live Trading
Live trading Bitcoin is a piece of cake. All you need to do is adjust the risk settings as instructed and click the live button. It conducts all trading automatically. This means that you do not require any expertise to use it.
Even with the alleged profitability rate of 300%, there is still a chance of losing the invested capital when trading. We recommend that you only invest what you can afford to lose.
Is Bitcoin Up Legit?
Clients see the Bitcoin Up as successful and, more importantly, genuine thanks to its demonstrated outcomes. The product is brilliant and has been perceived as a significant Bitcoin trading system by dependable associations and users all over the world.
After cautiously looking at its capacities and results posted by genuine clients, we can confirm that it is an excellent program that can assist clients with maximizing their trades within a short period of time.
Because of its high-productivity rate and execution, it is hard to scrutinize its authenticity. Clients have additionally guaranteed the gainfulness of the product is better than expected when compared to other bitcoin trading systems.
Is the Bitcoin Up Software a Scam or Legit?
The cryptocurrency sector is rife with scammers and hackers as they look to steal people’s hard-earned money. Hence, it is vital that crypto traders and investors learn about the legitimacy of an application or a platform before investing with them.
We had to determine whether the Bitcoin Up software is for real or just another scam product. We used the application for an extended period, and we can conclude that the software is a legit auto-trading system for cryptocurrency traders. The Bitcoin Up app delivered the profits as advertised, and it was very user-friendly.
Our research also delved into real-world reviews of the platform. We tracked some current and old users of this automated trading platform, and each of them had positive things to say about the Bitcoin Up application. Chief amongst the reviews was the ease of use of the platform and how it generates revenue even for novice traders. Hearing users say such positive things about the Bitcoin Up system made us further believe that it is a legit and lucrative trading software that gives traders the opportunity to make profits by trading Bitcoin and other cryptos online.
When it came to security, we were impressed with what Bitcoin Up had put in place. The SSL certificate and the 128-bit encryption on the platform guarantees users top-level cyber safety. Hence, their personal data and funds remain safe at all times. The tight security system also means that users can safely deposit and withdraw funds from the platform.
To entice more users, the Bitcoin Up’s business model ensures that there are no exorbitant fees such as inactivity and conversion fees. Also, a trader gets to keep all the profits. Overall, the Bitcoin Up is a safe and legit auto-trading cryptocurrency software.
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