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Review of Bitcoin Champion
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.
Bitcoin Champion is a robot that enables automated trading of cryptocurrencies like Bitcoin, forex currency pairs, and popular indices. Its website announces that the robot is developed by successful trading professionals, but details of the team are not provided and we were unable to verify who is behind the platform.
Testimonials on Bitcoin Champion state that users have generated thousands of dollars in profits using the software, and the autotrading bot also claims that it has won US Trading association awards. In this review, we’ll detail the features of the robot as well as examine if any of these claims can be verified.
Pros & Cons
What is Bitcoin Champion and what can I do with it?
Bitcoin Champion is autotrading software for trading in cryptocurrencies, forex, and indices markets. The robot uses advanced technological tools like Artificial Intelligence (AI) and Machine Learning (ML) to predict the outcomes of trades.
The autotrading software derives potentially profitable trading opportunities by applying a set of fundamental and technical indicators. It then uses these to place automated trades in cryptocurrencies. The software executes automated trades at a much faster pace than humans can, looking to capitalise from market movements.
In addition to automated trading, Bitcoin Champion also offers the option of manual cryptocurrency trading and other markets to expert traders. Users can input the conditions of entry or exit of a particular trade in the software. The robot monitors the market and executes the trade as soon as it matches predefined criteria.
How does Bitcoin Champion work?
Bitcoin Champion has partnered with reputed and ECN regulated brokers that offer the service of trading crypto and other financial instruments. The robot calculates and derives trading signals using its algorithm. Through an API, it sends the trading signals to partnered broker platforms. Upon receiving the signal, the broker automatically executes and places the trade. The process is automated and does not need manual intervention.
Bitcoin Champion key questions, answered!
Which brokers can I use with Bitcoin Champion?
As per its website, Bitcoin Champion has partnered with stringently regulated brokers that handle transactions of users and execute orders. The partnered brokers adhere to KYC and AML guidelines. Some of the platforms partnered with Bitcoin Champion include Lucrum.Pro and UFX.
What cryptocurrencies are supported on Bitcoin Champion?
The robot offers trading in 20 crypto assets including:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Ripple (XRP)
- Bitcoin Cash (BCH)
A user can also access Bitcoin through fiat currencies including:
- U.S. Dollar (USD)
- Euro (EUR)
- Pound (GBP)
- Australian Dollar (AUD)
Can I use Bitcoin Champion on mobile and desktop?
Yes. The Bitcoin Champion software can be accessed via any OS from a desktop or laptop. In addition to the web browser, the robot also facilitates trading via its mobile app available on Android and iOS.
Can I trade assets with leverage?
Yes. The partnered brokers of Bitcoin Champion facilitate leveraged trading using CFD instruments in cryptocurrencies. This allows a user to profit from the underlying asset without actually owning the asset, for instance, Bitcoin (BTC). While the website does not mention any details on the amount of leverage, our research suggests that leverage of 1000:1 may be available.
Always bear in mind that trading with leverage carries high risks. Higher leverage results in higher losses if the trade does not work in your favour. We strongly advise against trading with high leverage in cryptocurrency markets.
Can I open long and short positions with Bitcoin Champion?
Yes. Bitcoin Champion facilitates access to margin trading and hence traders can open long and short positions through its broker platforms.
A long position in a trade refers to a bet placed by the trader that the price of an asset will move upwards. A short position in a trade refers to a bet placed by the trader that the price of an asset will move downwards.
What are the payment methods and withdrawal/deposit limits?
In order to access automated trading services of Bitcoin Champion, a trader needs to deposit a minimum amount of $250 in the trading interface. The available methods for deposits include Mastercard, Visa, Wire Transfer, and Bitcoin.
The autotrading bot does not have any specified limits placed for withdrawals. A trader may request for withdrawals and the amount is credited into their bank account. The process may take up to 24-48 hours.
Are there any costs and fees involved?
Yes. As stated on its website, Bitcoin Champion does not levy any charges on using its services. The platform charges 2% commission on the profits earned through the robot. Bitcoin Champion claims it does not charge a fee on unprofitable trades, but this appears not to be true in reality. Although not stated, a user may be required to pay a certain charge in exchange for using services of the broker.
How do I get paid? What about payouts?
A user can withdraw profits or capital from the trading dashboard of the broker. For payout, a user needs to fill a form and submit a request for withdrawal. Traders also need to fill their banking details and submit relevant proof. Once a request is placed, the amount is directly credited to your specified bank account.
What is the registration and verification process?
The process of registration for Bitcoin Champion is fairly simple and easy. A trader is required to fill the sign-up form available on the homepage of its website. Basic details including your name, contact number, and email address are required. A verification link will be sent to your provided email address and you can start to access its trading dashboard.
You will be assigned a regulated broker on which you can start trading. Registration on the autotrading bot does not require submission of identification documents, but you may be required to complete the KYC and AML process at the time of trading on associated broker platforms.
What is their customer service like?
Bitcoin Champion offers 24/7 customer service to the users registered on its platform. However, there is no option to access their customer service prior to registration. After registering, you can access their customer service through different options including email and phone number.
Is Bitcoin Champion legit?
Bitcoin Champion does enable automated trading in cryptocurrencies along with other trading instruments using technological tools. However, the bold claims asserted on its website are too good to be true and should be treated with suspicion.
While the software uses advanced algorithms to predict trading outcomes, it cannot help users generate a daily ROI of 60%, as stated on its website. The platform also boasts testimonials of users generating thousands of dollars within a short time, but lacks substantial evidence behind such claims. Also, the video on its official website indicates affiliation from personalities like Bill Gates and Richard Branson. This is not true and neither figure has endorsed Bitcoin Champion.
While experienced traders can use robot services to place manual trades, they should not solely depend upon it. Trading in cryptocurrency markets carries a certain degree of risk as the markets are highly volatile. It is advisable to perform thorough research before investing.
Has Bitcoin Champion been recommended by celebrities or appeared on TV?
While studying Bitcoin Champion, we found that there are many claims of the platform being endorsed by famous personalities. We researched these claims and found that no such celebrity or leading personality is affiliated with Bitcoin Champion in this way.
To help you find accurate information, we have carried out fact checks on three claims we repeatedly came across online.
Is it true that Nicole Kidman endorsed Bitcoin Champion?
No, it is not true that Nicole Kidman has advertised or is affiliated with Bitcoin Champion in any way. Nicole Kidman is a famous actor, singer, and producer who has played roles in movies like The Hours and Batman Forever. She has also won prominent awards including an Oscar, two Emmys, and five Golden Globes.
Fact check: False. Invezz could find no evidence that Nicole Kidman has publicly recommended Bitcoin Champion.
Is it true that Ant McPartlin uses the Bitcoin Champion website?
In a number of external websites, it is claimed that Ant McPartlin uses the services of Bitcoin Champion. This is not true. Ant McPartlin is a British television presenter, TV producer, singer, comedian, and actor who is most famous as half of the TV presenting duo Ant and Dec.
Fact check: False. Ant McPartlin does not use the Bitcoin Champion website and/or any other cryptocurrency robot websites.
Has James McAvoy publicly recommended the platform?
No, James McAvoy has neither recommended nor spoken about Bitcoin Champion. McAvoy is a Scottish actor who has starred in famous movies like X-Men: Days of Future Past and Deadpool 2. He has performed different roles in multiple television series and movies and is one of the world’s best-known actors.
Fact check: False. Our research could not find any evidence of James McAvoy being associated with the Bitcoin Champion website.
How to trade with Bitcoin Champion
Bitcoin Champion features an intuitive dashboard on which you can access multiple options. The dashboard allows you to access your trading history that includes all open trades as well as closed trades. From the dashboard, you can initiate deposits and withdrawals from the left side of the control panel. You can also choose to open additional accounts from the control panel. Please note that we could not find the option of a demo account from the associated broker with Bitcoin Champion.
To access the cryptocurrency robot services, here are the steps for opening an account:
How to open an account with Bitcoin Champion
- Step 1: Registration. For accessing the services of Bitcoin Champion, complete the registration process as mentioned above. The process is fairly simple and takes up to 30 minutes.
- Step 2: Deposit Funds. A minimum deposit of $250 needs to be made in order to begin autotrading. After registration, you will be assigned a partnered broker. You can access the options available on its trading dashboard to familiarise with its interface.
- Step 3: Trade. A trader can now use the option of autotrading. Once enabled, Bitcoin Champion calculates potentially profitable trading opportunities and sends these signals to the broker platform. Alternatively, traders can also choose to place manual trades by defining criteria for open or close a trade.
Our top robot trading tips for beginners
A beginner must understand the space of trading in digital assets and the risks associated. It is advisable to not solely rely upon the robot for placing profitable trades. Instead, conduct your own due diligence and research before starting to invest in cryptocurrencies. Here are some of the tips that should be taken into consideration before using a robot for cryptocurrency trading.
- Familiarise yourself with trading. A beginner should understand how cryptocurrency investments work. You must research different risk mitigation strategies including how to set stop loss and daily trades to minimize the losses.
- Understand cryptocurrency space. Trading within the cryptocurrency space is still new. The prices are susceptible to volatility and even a small difference in prices can result in huge losses with leveraged trading.
- Start with a demo account. Start practicing with a demo account, if it is available. A demo trading account helps you get familiarise with crypto trading space without the risk of losing money.
- Start small and build gradually. Start trading in small amounts rather than going big the first time. Build your trading portfolio one step at a time.
- Only invest what you can afford to lose. Bitcoin Champion claims that you can make a profit of $700 from $250 investment. However, these claims are unverified and too good to be true. Trade carefully and only invest what you can afford to lose.
Bitcoin Champion is an autotrading robot that offers automated trading in crypto and other assets. Its official website boasts of testimonials claiming thousands of dollars in profits, but it has mixed reviews on external websites and we could find no evidence that the reports of huge profits are true.
While the robot does use advanced algorithms to derive profitable trades, a trader should not rely on statements of generating $700 on a daily basis – this is a marketing number with no basis in reality. Additionally, the platform engages in deceptive marketing techniques by showing its affiliation with famous personalities – all of these are made up. Lastly, the robot claims that users need to have zero trading experience to generate profits by trading in cryptocurrencies. However, a user should always regard such claims with caution. Always perform your own research.
Skilled traders can use services from Bitcoin Champion to enable manual trading. This allows traders to place multiple trades as per their favourable conditions without the need to constantly monitor the markets. Expert traders are also advised to use this robot as one of the supportive tools and not to solely rely upon it.
Overall, do your research, trade carefully, and invest only what you can afford to lose.
Bitcoin Champion does facilitate automated cryptocurrency trading services, but it uses deceptive statements and boasts unverified claims on its website. The platform claims that its robot generates a daily ROI of 60%, but these returns are almost impossible to achieve.
Additionally, it has testimonials of users profiting thousands of dollars in two weeks, but external websites have mixed reviews pertaining to robot’s services. Additionally, its video suggests that personalities including Bill Gates promote its services – none of these figures has endorsed the platform.
Yes. It is easy to register and open an account with Bitcoin Champion. Users do not have to submit any identification proof at the time of registration. However, you may be required to comply by KYC and AML guidelines at the time of trading with its associated brokers. The services of Bitcoin Champion are available in 120 countries.
No. The associated brokers of Bitcoin Champion offer trading in CFD instruments. Contracts for Difference (CFD) are derivative products wherein you do not hold the actual asset. You hold the contracts that follow the underlying price movements of an asset. Hence, all withdrawals are carried out in fiat currency and the amount is transferred to your bank account.
With respect to the autotrading and manual trading facilities provided, the platform does offer services to its users. However, it uses deceptive claims and unethical marketing tactics to promote its services. It claims that users can generate $700 in daily profits without any trading experience, but this is untrue and you will not see such returns.
Also, the platform’s interface is oddly similar to multiple other cryptocurrency trading robot websites. The platform further lacks uniqueness and encompasses testimonials similar to other websites.
In terms of facilitating automated trading in crypto and other assets, yes, but you cannot generate millions of dollars in profits by solely relying upon the robot. The robot does retrieve potentially winning trades and pass these trading signals to the associated broker. The partnered broker accordingly executes the trade.
Its official website states that there are no costs for using services of Bitcoin Champion, except that a charge of 2% is levied on profits derived from any trade. However, this may not be entirely true. A trader may be required to pay a certain charge on the trades executed from the broker’s platform.
Before deleting your Bitcoin Champion account, ensure that you have withdrawn your profits and capital to your bank account. After it is credited, you can place a request to permanently delete your Bitcoin Champion account from the robot’s trading interface and broker’s platform.
Nobody knows. Its official website does not reveal any information on the founders of Bitcoin Champion. While external sources claim that the team behind the robot consists of expert traders, there lacks enough evidence to back these claims.
Fact-checking & references
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.
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >