Updated 11th Feb 2022.
Bitcoin Profit is a crypto robot that promises to help you trade Bitcoin and other top cryptocurrencies for a profit. The platform claims a win rate of more than 85% and doesn’t charge any fees for using its software.
So, is Bitcoin Profit a scam or legit? We’ll find out in our Bitcoin Profit review.
Bitcoin Profit Summary
Wondering if the best Bitcoin robots are right for you? Let’s start off our Bitcoin Profit review with an overview of everything you need to know about this automated trading software:
| Supported Cryptocurrencies | BTC, BCH, ETH, LTC, BTG, ZEC, DASH, ETC, ADA, MIOTA, EOS, NEO, BNB, XRP |
| Claimed Success Rate | 85% |
| Fees and Commissions | None |
| Minimum Deposit | $250 |
| Mobile App | No |
| Withdrawal Time | 24 hours |
What is Bitcoin Profit?
Bitcoin Profit is an automated crypto trading robot. The platform uses an AI algorithm to identify trading opportunities in the crypto market and act on them on your behalf. Bitcoin Profit can automatically open and close trades in your trading account, requiring little to no manual intervention on the part of traders.
Bitcoin Profit claims that around 85% of its trades close for a profit under normal market conditions. The platform can trade 24/7 across more than a dozen different cryptocurrencies. Notably, our Bitcoin Profit review found that this platform doesn’t charge any account fees or trading commissions.
Importantly, Bitcoin Profit only works with licensed and regulated crypto CFD brokers to execute your trades. Your funds are stored with a regulated broker in a segregated account, ensuring that only you have the ability to withdraw funds.
Bitcoin Profit Pros & Cons
Pros:
- 24/7 automated crypto trading
- Claimed 85% success rate
- No account or licensing fees
- Works with licensed and regulated CFD brokers
- Withdrawals in less than 24 hours
Cons:
- Requires a $250 minimum deposit
- No mobile apps
Crypto assets are a highly volatile unregulated investment product.
How Does Bitcoin Profit Work?
Bitcoin Profit works using a sophisticated AI algorithm. The algorithm is proprietary, but has been trained on years’ worth of cryptocurrency market data. It is able to monitor price changes on a tick-by-tick basis and can spot price patterns that are likely to precede a directional movement.
When Bitcoin Profit’s algorithm identifies one of these patterns, it opens a trade on your behalf. Bitcoin Profit then continues to monitor the development of the trade, and exits when the signal fades or a profit target is reached. Funds are returned to your account along with any profits.
Bitcoin Profit monitors 14 cryptocurrencies across dozens of crypto-fiat and crypto-crypto trading pairs. The platform can trade 24/7 and its algorithm-driven pattern identification is faster than any human trader. According to Bitcoin Profit, around 85% of trades that the algorithm makes are closed for a profit.
Bitcoin Profit Key Features
Let’s take a closer look at some of this platform’s key features as part of our Bitcoin Profit review.
Trading in 50+ CFD Markets
Bitcoin Profit is able to trade around 14 different cryptocurrencies including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Bitcoin Gold, ZCash, Dash, Ethereum Classic, Cardano, IOTA, EOS, NEO, Binance Coin, and Ripple. All of these cryptocurrencies have high daily trading volume and relatively high volatility, creating plenty of opportunities for trading.
Rather than buy and sell cryptocurrencies directly, Bitcoin Profit trades crypto-fiat and crypto-crypto CFDs. For example, it can trade BTC/USD, BTC/EUR, BTC/ETH, and more. In all, Bitcoin Profit monitors and trades more than 50 CFDs.
Ultra-fast Trading
Bitcoin Profit’s algorithm is able to identify and execute trades in a matter of milliseconds. It’s incredibly fast, giving it a significant edge over most human traders.
This is important because it enables Bitcoin Profit to trade even small price movements for a profit. The algorithm trades 24/7, so hundreds of small profitable trades each day can add up to significant profits in your account.
Licensed & Regulated Crypto Brokers
Bitcoin Profit is only a trading software, not a brokerage or crypto exchange. The platform partners with licensed and regulated crypto CFD brokers from around the world to give you a trading account and execute trades. Most of the brokers that Bitcoin Profit partners with are regulated by top-tier financial watchdogs like the UK’s Financial Conduct Authority (FCA) or the Cyprus Securities and Exchange Commission (CySEC).
All of your funds are held in a segregated trading account under your name. Bitcoin Profit has custodial access to your account, enabling it to open and close trades on your behalf. However, only you have the ability to deposit or withdraw funds from your trading account.
Demo Trading
Bitcoin Profit offers a demo trading mode so you can try out the software without risking any money. This is a great way for beginners to check out Bitcoin Profit and see if it’s right for them.
It’s also essential to more experienced traders because it enables you to experiment with the Bitcoin Profit algorithm’s settings. You can change how conservative or aggressive the algorithm is under different market conditions and optimize it to get the biggest profits under highly volatile or highly stable conditions. You can toggle demo trading on and off easily using a switch in your account.
Fast Withdrawals
Bitcoin Profit and its partner brokers process withdrawals within 24 hours. That’s a benefit since it means your position is relatively liquid – you can easily make a withdrawal and move cash into another investment quickly if needed. Bitcoin Profit doesn’t charge withdrawal fees, although some of its partner brokers do.
Bitcoin Profit Fees
Our Bitcoin Profit review found that this platform doesn’t charge any fees for using its trading software. You won’t pay a licensing fee or subscription for using Bitcoin Profit, and there are no commissions on your trades or profits. Bitcoin Profit is completely free.
That said, some of Bitcoin Profit’s partner brokers do charge fees. Many make money through spreads when the algorithm trades CFDs on your behalf, and some charge trading commissions or account fees. Your broker is assigned automatically based on your location when you sign up for Bitcoin Profit.
Here’s a breakdown of all the fees we found as part of our Bitcoin Profit review:
| Trading Fees | None |
| Account Fees | None |
| Deposit/Withdrawal Fees | None |
| Minimum Deposit | $250 |
Is Bitcoin Profit a Scam?
We wanted to answer a key question with our Bitcoin Profit review: Is Bitcoin Profit a scam?
Based on our findings, we believe Bitcoin Profit is completely legit. This trading software is completely free to use and offers access to a crypto trading robot with an 85% win rate. That win rate and fee structure is completely in line with what other similar Bitcoin robots offer.
In addition, Bitcoin Profit only works with licensed and regulated brokers. This provides a lot of peace of mind since your funds are stored in a segregated account under your name. Only you can access your funds. It also helps that withdrawals are processed the same day you make a payout request.
If you’re not sure about Bitcoin Profit, you can get started in demo trading mode. This allows you to see how the algorithm performs in real market conditions without actually risking any money on trades.
Bitcoin Profit Minimum Deposit
One thing to keep in mind is that Bitcoin Profit does require a minimum deposit of $250. This deposit is the minimum deposit to open an account at any of Bitcoin Profit’s partner brokers. It’s also the initial investment that Bitcoin Profit will use to trade on your behalf and grow your trading account.
This initial deposit is your money and you can withdraw it at any time if you’re not satisfied with Bitcoin Profit.
Bitcoin Profit Customer Support
Bitcoin Profit offers 24/7 customer support for active users. However, there is no way to get in touch with Bitcoin Profit’s customer service team before you sign up and create an account.
How to Use Bitcoin Profit
Ready to give Bitcoin Profit a try? In this part of our Bitcoin Profit review, we’ll show you how to get started with Bitcoin Profit in 4 simple steps.
Step 1: Sign Up for Bitcoin Profit
Head to Bitcoin Profit’s website and click ‘Sign Up’ to create a new account. Enter your name, email, and phone number to register. Bitcoin Profit will then transfer you to its partner broker in your region, where you’ll need to provide additional information to set up an account. Most brokers require you to upload a copy of your driver’s license or passport to verify your identity.
Step 2: Deposit Funds
Make an initial deposit of at least $250 to complete the account opening process. Deposit methods vary by broker, but most accept credit and debit cards, bank transfers, and e-wallets like Neteller and Skrill.
Step 3: Practice with Demo Trading
Now you should have access to Bitcoin Profit’s trading dashboard. Start out in demo trading mode so you can see how the platform works and experiment with the algorithm settings. This is a chance to evaluate how Bitcoin Profit performs and whether it’s a fit for you.
Step 4: Activate Live Trading
Once you’re ready, you can activate live trading. Just toggle the switch in your account and Bitcoin Profit will immediately begin placing live trades using the funds in your trading account. Just sit back and watch the platform go to work!
Crypto assets are a highly volatile unregulated investment product.
The Verdict
Our Bitcoin Profit review found that this automated crypto trading software is legit. Bitcoin Profit can trade more than 50 crypto CFDs with a success rate of around 85%. It’s ultra-fast trading takes place 24/7, enabling small profits to add up in your account. So if you’re looking to buy Bitcoin CFDs then Bitcoin Profit is one to consider.
Bitcoin Profit keeps you safe by only working with licensed and regulated brokers. You only need $250 to open an account and you can withdraw your money at any time. Bitcoin Profit itself is completely free to use, although its partner brokers may charge trading fees.
Ready to get started with Bitcoin Profit? Sign up today to start trading the crypto market for a profit!
Crypto assets are a highly volatile unregulated investment product.
