Bit Index AI review
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This Bit Index AI review dives into this crypto bot to answer all the questions you might have. Our expert traders tested this trading platform to look at what it is and how it works, as well as what makes it different, and ultimately find out whether Bit Index AI is legit or a scam.
We are aware of numerous websites which use false celebrity endorsements to send customers to unregulated brokers or call centres. Our website will only send customers to partners who have provided us with the required regulatory assurances. This is a marketing offer and our regulated partners will indicate what services they have available upon registration.
Pros & Cons
What is Bit Index AI?
Bit Index AI is an online trading platform that facilitates the automated trading of cryptocurrencies like Bitcoin and Ethereum. It uses artificial intelligence (AI) and machine learning (ML) technology to scan the crypto markets and find trading signals. It analyses market data, including historical charts, patterns, and the latest news.
On top of this, Bit Index AI also has manual trading options for skilled traders. You can trade by specifying the parameters you would like the robot to use when trading (e.g. place an order to buy Bitcoin when it falls to a certain price). The trading bot then scans the markets for crypto trading opportunities and automatically opens or closes a trade accordingly.
Bit Index AI summary
Here is a quick summary of the main Bit Index AI features that you need to know about before you sign up.
|Feature||Bit Index AI|
|Supported cryptocurrencies||50+ including BTC, ETH, DOGE|
|Withdrawal speed||24-48 hours|
|Leverage available||Yes, up to 4000:1|
About the Bit Index AI platform
How does Bit Index AI work?
Bit Index AI works by using a piece of automated trading software that partners with brokers to execute digital currency trades. It calculates trading signals using advanced technology and then uses an API to transmit this data to the brokers. The broker then executes the order given by Bit Index AI.
What assets and products can be traded on Bit Index AI?
The Bit Index AI software works best with crypto trading but it can be applied to lots of different asset classes as well. Here are just a few of the financial products you can trade with Bit Index AI:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Dogecoin (DOGE)
- Ripple (XRP)
- Bitcoin Cash (BCH)
- Tesla (TSLA)
- Apple (AAPL)
- Meta (META)
How much does Bit Index AI cost to use?
There are no fees to sign up. Setting up an account with the Bit Index AI trading bot is completely free. However, you may be charged a trading fee or commission for every trade you place. When you set up your Bit Index AI account, there are a few different options to choose from.
- Basic account. The basic account gives you access to all features of the trading platform as soon as you make your $250 deposit. Make as many trades as you like, get your own personal account manager, and choose from three different trading strategies.
- Premium account. For a higher minimum deposit of $1,000, you get unlimited trades and choose from up to 10 trading strategies.
- Pro account. If you make a first-time deposit of $3,000 you unlock a deposit matching bonus and are able to choose from the full range of 50+ trading strategies. Also unlocked are cheaper fees to help you along your trading journey.
What are the payment methods accepted by Bit Index AI?
There are available payment methods include all major credit and debit cards, wire transfers, and other third-party payment providers. The exact options available may vary depending on which broker you use to place the trades that Bit Index AI suggests. The payment methods include:
- Bank transfer
- Credit cards
- Debit cards; Visa and Mastercard
Is there a Bit Index AI app for both mobile and laptop-computers?
Yes, there is a Bit Index AI mobile app and you can use the trading bot on your desktop or laptop computer as well. You can use the platform whether you’re on a Windows or Mac operating system and the Bit Index AI app is available for both iOS and Android devices.
All in all you can use Bit Index AI on:
Bit Index AI key features
Trade with leverage up to 1000:1
Leverage trading allows you to make much bigger crypto trades than would be possible if you could only use your own money. Bit Index AI offers extremely high amounts of leverage, up to 1000:1. This leverage is available on any asset that’s supported by the Bit Index AI trading robot, so you can use it on crypto, forex, stocks, and more.
Use CySEC-licensed brokers
The Bit Index AI trading bot partners with brokers that are licensed by CySEC (the Cyprus Securities and Exchange Commission). This license means that you can be confident that your money is safe with these brokers and offers an extra layer of security to protect you.
Trade multiple cryptocurrencies and popular currency pairs
Along with cryptocurrencies like Bitcoin and Ethereum, the Bit Index AI trading platform lets you trade forex pairs as well. You can trade all the major currency pairs along with some unusual ones, such as:
- EUR/TRY – Euro/Turkish Lira
- USD/SEK – US Dollar/Swedish Krona
- USD/NOK – US Dollar/Norwegian Krone
Dedicated account managers
When you set up a Bit Index AI account, you’re assigned a dedicated personal account manager. This account manager helps you set up Bit Index AI and is on hand to answer any questions you may have. What’s more, your dedicated account manager is on hand 24/7 as a support line.
Bit Index AI free demo account
The Bit Index AI bot lets you try before you buy with a free demo account. The demo account allows you to practice using the Bit Index AI trading platform before you deposit any money. Just speak to your dedicated account manager in order to set it up.
Which brokers can I use with Bit Index AI?
Bit Index AI partners with licensed brokers and exchanges that offer margin trading in crypto assets. The platforms are compliant with relevant regulations and also follow KYC and AML guidelines. The website doesn’t specify exactly which brokers Bit Index AI uses.
Can I trade assets with leverage?
Yes. Bit Index AI uses brokers that offer leveraged crypto trading. Bit Index AI claims that traders can expect leverage of 4000:1, meaning you can trade up to 4000 times your initial investment amount.
It is advisable to take precautions while using leverage trading, however. Crypto markets are highly volatile, and even a small difference in price can result in potentially huge losses if you use leverage. It’s better to start with small amounts and gradually build your crypto portfolio.
Can I open long and short positions with Bit Index AI?
Yes. Bit Index AI offers a variety of trading strategies and you can open long and short positions using Bit Index AI’s automated trading software.
In trading, a long position basically refers to a trader’s bet that the price of an asset will move up. In contrast, a short position refers to a trader’s bet that the price of an asset will move down.
How do I get paid? What about payouts?
To request a payout on Bit Index AI, simply fill out the withdrawal form available on the left side of the control panel of the trading dashboard. There are no limits to withdrawal amounts, and you can take payouts on a daily basis if you would like.
You must provide your banking details and complete the KYC process before initiating a withdrawal, and the process can take up to 48 hours.
What is their customer service like?
Prior to registering on Bit Index AI, you can contact their customer service through a contact form that is available on the platform’s official website. After you are a verified member, you can access their customer service through email and live chat options. That said, we could not get any reply when contacted through its contact form.
Safety and security
Is Bit Index AI safe to use?
Our research indicates that Bit Index AI is safe, although we could not verify all of the claims it makes on its website. The trading platform does offer signals based on studying crypto market data, but it does not offer an ROI of up to 60% as claimed online.
Bit Index AI also makes various claims that people can use the trading software to buy luxury goods but these statements are dubious and hard to believe. Regardless, most Bit Index AI users have had a positive experience with the platform.
Experts can use Bit Index AI as part of their trading strategies, but it should not be used as the only tool someone uses to trade in digital currencies. Do your research before using the services of trading platforms like Bit Index AI.
Is Bit Index AI regulated?
Bit Index AI is not regulated but it doesn’t need to be, as it uses third-party broker platforms to manage your money and place the trades. Those platforms must be regulated and Bit Index AI claims that they are approved by CySEC, the Cyprus Securities and Exchange Commission.
Is my money protected on Bit Index AI?
You won’t ever deposit any money to Bit Index AI. Instead, you will deposit money with its partner brokers and those platforms do offer investor protection. As they are regulated by CySEC, they offer protection up to €20,000.
Who owns Bit Index AI?
It’s not clear exactly who owns Bit Index AI, but we do know that the trading platform was set by by a group of cryptocurrency traders with years of experience in developing financial trading software behind them.
The website does not mention any of the Bit Index AI team by name but some sources claim it’s made up of financial experts who have been trading crypto for many years. This is not unusual, as many crypto developers choose to remain anonymous and protect their identity.
What is the registration and verification process?
The Bit Index AI registration process is simple and only takes a few minutes. Afterwards, you will be required to provide a form of ID to verify your account. Once you clear that step you can access the Bit Index AI trading platform through the broker assigned to you.
Our step-by-step guide explains how to go through each stage of the sign up process.
How to start trading with Bit Index AI
Step 1. Create an account with Bit Index AI
The first step is to become a member of Bit Index AI. To register, fill in all the details on the form available on the right side of the home page, such as your name, email, and phone number. The registration process is fairly simple and you are not required to submit ID at this stage.
Step 2. Make minimum deposit of $250
Bit Index AI will assign you a broker and you must make a minimum deposit of $250 with them to use the Bit Index AI trading platform. Please note that you will be asked to complete verification steps before being able to place trades on the broker’s platform, so you must have a form of ID to hand, such as your passport or driving license.
Step 3. Set up your Bit Index AI trading system
Now that you’ve created an account, you’re ready to start your trading journey with Bit Index AI. In the main this means deciding which cryptocurrency you want to trade and how active you want the crypto robot to be. You can set the maximum size of each trade and put in daily trading limits if you so choose.
Step 4. Adjust risk management settings
Bit Index AI works by giving you a lot of freedom in how you set up the service. Most notably, it allows you to adjust the amount of risk you’re willing to accept on each trade. This gives you more protection than is on offer with most crypto bots. If you’re happy to take a gamble, you can set a very high risk tolerance, but we recommend you start by setting it to only make trades with a low level of risk.
Step 5. Start investing with Bit Index AI
If you have enabled autotrading, the Bit Index AI trading account will automatically start finding trading opportunities. In manual trading, you have to set parameters for entry or exit of a trade before the technology starts to work.
Has Bit Index AI been recommended by celebrities or appeared on TV?
We came across various sources that stated Bit Index AI has been used by celebrity figures. Upon conducting our analysis on these claims, we found that none of the leading names mentioned has used Bit Index AI or endorsed it.
To help you find accurate information, we have carried out fact checks on three claims we repeatedly came across online.
Is it true that Jeff Bezos endorsed Bit Index AI?
No, Jeff Bezos has neither recommended nor ever endorsed the Bit Index AI platform. Jeff Bezos is the CEO of the multinational technology company Amazon and one of the richest men in the world.
Fact check: False. Our team could not find any evidence that Jeff Bezos is affiliated in any way to Bit Index AI.
Is it true that Ant McPartlin uses the Bit Index AI website?
A number of sources claim that Ant McPartlin uses Bit Index AI. But this is not true. Ant McPartlin is a British television presenter, TV producer, comedian, and actor who has starred in various television series.
Fact check: False. Ant McPartlin does not support Bit Index AI and/or any other cryptocurrency trading account.
Has Shark Tank recommended Bit Index AI?
Bit Index AI has never been featured on the TV show Shark Tank. Shark Tank is an American business reality television series that shows entrepreneurs making business presentations to a panel of five investors or “sharks,” who decide whether to invest in their company.
Fact check: False. Bit Index AI has never featured or been mentioned on Shark Tank or any other US television show.
Was Bit Index AI featured on Dragon’s Den?
No, Bit Index AI has never been on Dragon’s Den or any other reality TV show. Dragon’s Den is a UK version of Shark Tank, where entrepreneurs pitch their business ideas to a panel of investors.
Fact check: False. Neither Dragon’s Den nor any of the ‘Dragons’, such as Deborah Meaden, have ever endorsed Bit Index AI or any other trading bot.
Is there a Bit Index AI alternative?
There are lots of other Bitcoin bots out there in addition to Bit Index AI. Many offer a similar service and are tailored to crypto trading, while others take a broader approach and let you trade stocks and forex as well. Here are some other trading platforms you might want to consider:
- Bitcoin Prime is a trading system geared towards finding trading opportunities in Bitcoin and is one of the most popular crypto bots.
- Bitcoin Code uses advanced trading bots to identify technical trading signals and sends the information direct to your broker automatically.
- Oil Profit is designed to make commodity trading as popular as crypto is with retail investors and has set up its trading platform accordingly.
- BitIQ offers automated trading on the whole crypto market through a trading system that’s easily adjustable to suit top cryptocurrencies and altcoins alike.
- Immediate Edge is another trading bot that uses machine learning to get you ahead of the competition when it comes to trading Ethereum and other cryptocurrencies.
Our top robot trading tips for beginners
When you use automated trading bots to trade the crypto markets, there are a number of factors that you need to be aware of. Here are a list of steps to follow before you start using Bit Index AI.
- Familiarise yourself with trading. A beginner needs to familiarise themselves with how trading works before investing any money. You need to understand the risk factors, volatility, and security of crypto assets before you use a trading bot.
- Understand cryptocurrency space. Crypto markets are susceptible to volatility, and the best way to improve your chances of success is to learn more about cryptocurrency before signing up to Bit Index AI.
- Practice with a demo account. It is always advisable to practice using a demo account before risking your money. This gives you a fair idea of Bit Index AI’s trading bot and cryptocurrency trading in general before starting out.
- Start small and build gradually. Always start small and gradually build your portfolio. The best investment strategies are always those that look to the long term.
- Only invest what you can afford to lose. Bit Index AI’s official website states that you can generate a return of 1000% on your investments through its trading account. However, it’s best to be careful with claims like this from any trading bot. Plan to invest for the long term and only invest what you can afford to lose.
Our final verdict on Bit Index AI
We recommend Bit Index AI to crypto traders who understand the market and want an automated tradign system to speed up their market analysis.
Expert traders can use Bit Index AI to set manual parameters and develop a trading strategy for the trading platform to execute, and this is probably its most effective use. Since cryptocurrency markets run 24/7, users can make sure they never miss an opportunity just because they’re away from their computer or phone.
However the bold claims of investors receiving 60% ROI and $800 profits daily from using Bit Index AI are speculative and highly unlikely to be true. Even the most experienced traders do not earn fast money while trading in digital assets. Beginners should not solely rely upon the Bit Index AI trading platform to trade crypto, and you should always conduct your own research in addition to using the service.
Methodology: how we scored this Bit Index AI review
We review each crypto trading platform by performing a series of basic actions in order to test the service. In the course of this Bit Index AI review, we went through the registration process, made an initial deposit of $250, and set up the trading robot.
In addition we searched online for Bit Index AI reviews from other users and tested the customer support function. We tried altering the trading strategy and risk parameters, and made a withdrawal to test how fast we got our money.
In the end, all of these factors taken together formed our final Bit Index AI verdict. This is a completely independent review and no platform can influence their rating in any way. However, we may earn a commission if you sign up using any of the links on this page. More information is available in our guide to how we make money.
Bit Index AI does provide services for trading in crypto markets, but your profits will not be anywhere near the scale it claims. Similar testimonials to those on Bit Index AI can be found on other robot platforms as well, implying a lack of authenticity from this platform.
Bit Index AI cannot generate a consistent ROI of 60% for its users. While users have taken advantage of its services and benefitted, it is not used by famous celebrities or prominent personalities.
Registering and opening an account on Bit Index AI is simple and can be done in a few steps. You do not have to submit any identification proofs to use the services of the robot – but users may be required to comply with KYC guidelines before starting to place trades on one of its partnered brokers. Also, its services are limited to some jurisdictions and not available in all countries.
No, withdrawals are available only in fiat currencies on Bit Index AI.
Bit Index AI does not provide financial gains on the scale suggested on its website. Furthermore, it uses unethical marketing practices to showcase its features including showing a fake video with leading names endorsing Bitcoin.
Additionally, the official platform lacks authenticity as various websites assert the exact same services with a different interface. The official website also holds vague information pertaining to the team and founders behind the Bit Index AI trading platform.
With respect to automating trades using advanced algorithm software in digital currencies, yes, but you cannot generate $800 daily through Bit Index AI. The robot has partnered with brokers that support the trading of crypto CFDs, and it links to these via an API to place trades automatically for its users.
To delete your Bit Index AI account, please ensure that your funds are credited into your bank first. For this, you have to submit a request for withdrawal from your trading dashboard. After you receive your capital, you have to now delete your account from broker’s and robot’s platforms by emailing the customer support of each service.
Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.
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