Is Bitcoin Bank Legit ?
We have received a lots of complains regarding this scam software. This is why we are making a review about Bitcoin Bank. After having tested and evaluated the different characteristics of Bitcoin Bank, we can confirm that Bitcoin Bank is a scam auto trading robot. During our test, we deposited $250 and within a few hours, we lost it all. We saw similar results when testing scams platforms like Bitcoin Union and Bitcoin Trader.
How users can join Bitcoin Bank crypto trading platform
The owners of Bitcoin Bank have made it so easy for new users to join their crypto trading platform. The starting process has been displayed to new visitors on the site. The Bitcoin Bank team inform potential users about the conditions to register, such as providing the required registration information and making a deposit.
The information needed to register a new Bitcoin Bank account includes an account name, email address, password, and phone number. After a successful registration process, the user can start making money with Bitcoin Bank by paying a deposit.
Deposit limits on Bitcoin Bank
According to the information on the site, it is revealed that measures have been taken to prevent users from laundering money or performing illegal financial activities on the site. This is why the owners of Bitcoin Bank have set deposit limits. The lowest deposit limit on Bitcoin Bank is $250, and the maximum deposit limit is $10,000.
Brokers involved in the trading process
The Bitcoin Bank team has pointed out that crypto transactions on the site are monitored by special brokers. The professional brokers assess transactions that have been selected by the trading robot and confirm the trades before completion. The brokers offer additional assurance that all users can make a profit while trading with Bitcoin Bank.
How does the auto trading system work?
We had a good look at the functions of the auto trading system, it is amazing. My team set up trading sessions early to give us enough time to study the automated trading process on the platform.
We first observed that the simple operating processes for Bitcoin Bank will make it easy for anyone to start making money with the system. We can confirm that investors will not need specialised skills to invest and gain with Bitcoin Bank.
This is how it works, the registered users can schedule trading sessions, which are started with a click on a button. When a trading session is started, the robots scan the crypto market to find the best crypto deals that can make the investor richer.
Good deals are secured and processed automatically, and in the end, the profit is transferred into the users’ account balance on the platform, where it can be reinvested or withdrawn.
Getting started with Bitcoin Bank
You do not require any experience or expertise to use Bitcoin Bank. This robot is auto and comes with all the materials to help you adequately prepare for live trading.
Bitcoin Bank is accessible in most countries, but the registration of new accounts is not always available. The robot is on extremely high demand, and hence registration is offered on a lottery basis.
Consequently, you need to try your luck by keeping checking their website for new slots. You should grab the opportunity and signup immediately if the registration form is accessible. It takes a few simple steps to create a Bitcoin Bank trading account.
STEP ONE: Registration
Bitcoin Bank is free for those who manage to secure a registration slot. The registration process is secure and straightforward.
Record your full name, phone number, and email on the signup form and confirm your email and phone through an SMS and a link. Bitcoin Bank assures all users of data safety. We can confirm that its website has 128-bit key encryption and hence hackers can’t access users’ data.
Moreover, Bitcoin Bank observes data privacy regulations such as GDPR. This is enough sign of its commitment to safety.
STEP TWO: Identity verification
When you register with Bitcoin Bank, you are redirected to the page of a partner broker to verify identity.
Remember that all trading robots rely on brokers to access the markets. It’s the role of the broker to facilitate transactions, and hence all deposits happen through them. As a regulatory requirement, all legit brokers must verify the identity of their users.
Bitcoin Bank works with some of the industry’s best brokers. These Brokers adhere to the regulatory guidelines of top-tier bodies such as Australia’s ASIC, UK FCA, and South African FSB. Top-tier regulators are recognized globally for their stringent deposit protection measures.
STEP THREE: Trading capital deposit
You need to invest some capital in Bitcoin Bank to generate the supposed profits. The minimum you can invest is 250 USD. This amount can reportedly earn you a daily return of up to $1k when the trading settings and conditions are right.
There are also claims that it is possible to grow such a small investment to a million dollars in less than a year when at least 70% of returns are reinvested.
As stated above, deposits are handled by the underlying broker. You can fund your account through Visa, Master Card, Wire Transfer, and most e-wallets and crypto-wallets.
STEP FOUR: Trading education and demo practice
You need to familiarize yourself with Bitcoin Bank before going live. Remember that the robot trades at a leverage of up to 5000:1 and hence a small mistake can result in devastating losses.
Bitcoin Bank trading education section includes a 12-page trading manual and two 5-minute videos explaining risk management in trading. It is vital that you go through these materials before proceeding to the live account.
You can practice what you learn through the trading guide on the highly intuitive Bitcoin Bank demo account. The demo simulates live trading by backtesting on historical data. Consequently, the results you receive through this account are reflective of what to expect in live trading.
STEP FIVE: Live trading
The live trading process should be a piece of cake if you have read the trading guide and practiced through the demo.
It involves adjusting risk features to fit your profile and toggling the live session button. Risk management is the bread and butter of successful auto trading, and hence you should pay special attention to it.
Bitcoin Bank offers a risk test to help users determine their risk thresholds. You need to take the test before defining the level of risk you are willing to take per trade. Bitcoin Bank offers a dedicated account manager to work with you through risk management.
Moreover, the robot comes with the Stop-loss, Take-Profit, and Negative-Balance-Protection features to help users manage risk. All these tools are explained in detail in the Bitcoin Bank trading guide.
Visit the Official Bitcoin Bank Website
Bitcoin Bank – Conclusion
It is apparent that so many users are making a lot of money with Bitcoin Bank. The crypto trading site has revealed how it has been sustainable and profitable over time. The claims from users who have posted testimonials on the site are enough to make other investors confident in using the auto cryptocurrency trader. And if an investor is unsure about the deal, they can start with the lowest deposit of $250 before increasing their capital investment.
More information about Bitcoin Bank is available on the official website.