Bitcoin Digital is a trading robot launched very recently on the market and which claims to be able to profit from the volatility of the prices of the cryptocurrency market.
Many online testimonials claim that this robot is capable of generating a maximum profit of $ 5000 a day.
But are these claims real or is it just a well-organized scam? We have conducted extensive tests on Bitcoin Digital and we believe we can safely say that it is a reliable platform, even if it does not completely eliminate the risk of trading.
For this reason, we advise beginners to start trading with the minimum amount possible and not to spend more than they can afford to lose. If you want to know more, keep reading our Bitcoin Digital review.
What is Bitcoin Digital?
As mentioned above, Bitcoin Digital is an online trading program that carries out its operations automatically and by connecting to regulated financial brokers.
Bitcoin Digital trades online via so-called CFDs, contracts for difference. In a nutshell, CFDs allow traders to “bet” on the price trend of cryptocurrencies, without actually owning them.
As for trading CFDs on bitcoin, for example, the operator speculates on the price of the BTC, but without actually owning bitcoin and therefore avoiding all the long and tedious process that this would entail.
Is Bitcoin Digital a scam?
Bitcoin Digital is not much different from other trading robots that we have reviewed on our website, it is only one of the latest arrivals and which promises to:
- Generate constant profits over time with a success rate of almost 94%.
- Collaborate with regulated brokers that are chosen based on the user’s geographical location.
- It allows you to enter the world of CFD trading with a minimum capital of $ 250.
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How Does Bitcoin Digital Work?
The Bitcoin Digital technology is a free software that has been integrated with regulated brokerage firms. The algorithm emits signals that are shared with brokers, assisting them to make the best decision regarding your trade. This ensures a higher success rate of trades executed. There have been reports that Bitcoin Digital is being offered by selected brokers as an additional trading tool. Setting up a Bitcoin Digital account is quick and easy and should take no longer than 20 minutes. Once your account is up and running, a broker will assist you in customising your settings and turning on the Bitcoin Digital technology. Once you get comfortable on the platform you should be able to go live and start trading.
How to Open an Account with Bitcoin Digital
To start trading on Bitcoin Digital you need to register and complete all the steps to successfully setup your account.
Registration
The first step in opening your new account is registering on the official Bitcoin Digital website. Once users land on the website, they will be required to fill in basic information and gain access to your trading dashboard. Once you have successfully signed up, you will be assigned a broker. This means that you will be able to operate your Bitcoin Digital account with an elected broker. Registering should take 5-10 minutes.
Deposit
To begin trading, you will be required to make a minimum deposit of €250 USD. Please note that this is not the cost to use the Bitcoin Digital technology, it is the cost involved with placing trades with the broker. You will also be able to use your initial minimum deposit as an initial investment. There are a variety of payment methods available. We suggest using a credit or debit card.
Live Trading
After paying your initial deposit, you should be ready to start live trading. The next step requires configuring your settings. Your broker will assist you on the recommended settings for your account.
How Does Bitcoin Digital Work?
The trading software that’s provided on the Bitcoin Digital trading app is entirely free to use. This technology has also been said to be integrated with brokerage firms. The technology shared with these brokerage firms allows the software to create these signals.
The signals are analyzed to allow the software to predict the cryptocurrency market tendency that improves the trades’ profitability. This is because these analyzed signals enable the software’s success rates to be increased. The use of brokerage firms provides an edge to Bitcoin Digital’s trading technology with high success rates when compared to traditional methods.
Creating an account with Bitcoin Digital can be done in minutes. The platform also provides one of its brokers to help you activate your account. New users of Bitcoin Digital are recommended to pay close attention to their trading accounts. They are advised to dedicate at least an hour a day to monitor their trading account.
All that’s required to activate your trading account is an initial investment of a suggested $250. Once this is complete, you’re free to trade with the brokers offered by Bitcoin Digital. You also have the demonstration mode to practice trading before you move into the live mode.
How Do You Place A Trade With Bitcoin Digital?
Bitcoin Digital has made the process of placing trades as straightforward as possible. All you need to do to start trading with Bitcoin Digital is complete these three easy steps:
Step One: Registering
The first step of the process is to create your free account on the Bitcoin Digital website’s home page. All you need to make your free account is to fill out the registration form with your details. These details are:
- Your name
- Your surname
- Your email address
After completing the registration form and creating your profile account with Bitcoin, you have the ability to access the trading dashboard. Once your registration form has been successful, you can move to the next step. This is where you’re assigned a broker dedicated to helping you get to the end of the process and start trading.
Step Two: Investing
Before you can start live trading, you need to have money in your trading account to ensure that your trades can be made. You can’t make trades without making an initial investment. This is the only cost you accumulate while using the Bitcoin Digital platform.
This is the cost used to place trades that are set under the trading parameter you choose. The majority of the brokers that are listed on the Bitcoin Digital platform usually implement a minimum investment of $250.
It’s important to note that this isn’t a subscription fee for using Bitcoin Digital’s software, as it’s free to use. It’s the money you are going to use to make your first trades. From then, your trades should gain a return on your initial investment, which allows you to grow your trading account.
Step Three: Live Trading
This is the best and final step in the Bitcoin Digital starting up process. You have now got some money in your trading account. This money is then used to start your live trading.
All that you need to do before starting your live trading session is to choose the setting you would like the software to follow when placing trades on your behalf. You have a choice between the two settings.
One is a setting that’s been specifically recommended for you by your dedicated broker. Otherwise, you can configure the robot yourself with the settings that you feel can reap the most profit for that day.
You can now continue selecting the trading parameters that you wish the software to uphold for you while trading:
- You can select the amount that you’d like to pay for each trade
- You need to choose the trading method
- Which pairs you would like to conduct trading with
- The number of concurrent trades you wish to perform
It’s crucial that you double-check everything that you have selected. When you are satisfied with your selected trade parameters, you can go ahead and click on the button that’s labeled auto trading until it’s displayed as ‘ON.’ You can then sit back and monitor as your trades are placed, and your profit starts coming in.
Conclusion:
As technology has evolved, that has helped the users with accuracy and upgrading the success rate of trading. Bitcoin Digital is one of the latest robots in the cryptocurrency market that has been specifically designed for trading Bitcoin and other cryptocurrencies.