Review of Bitcoin Era
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Bitcoin Era gives its users access to a cryptocurrency trading robot, which analyses the crypto markets 24/7 and automatically places trades when it spots price trends. The platform claims to be founded on advanced artificial intelligence which can outperform even experienced crypto traders as the market fluctuates.
The outlandish claims about the Bitcoin Era website’s trading effectiveness are very unlikely to be true, but does this mean that Bitcoin Era is a scam? We look into the details of the platform and investigate how well it really works in this comprehensive review.
Pros & Cons
What is Bitcoin Era and what can I do with it?
Bitcoin Era is an online cryptocurrency trading platform which can be used to place automated trades in the cryptocurrency markets. It does this through a crypto robot which the platform claims has a success rate of over 99% when trading. The first thing to note is that this number is not verified by any data and incredibly hard to believe. You can use Bitcoin Era’s website to benefit from automated trading, but this level of accuracy is impossible.
The platform’s trading robot isn’t limited just to one trading strategy, though. While users have the option just to turn it to ‘on’ and allow it to trade according to its algorithm, they can also set manual parameters for it to follow. For instance you can instruct the robot to buy Bitcoin when it falls to a certain price, or follow the price of Ethereum and sell when it reaches a certain level.
How does Bitcoin Era work?
The robot on Bitcoin Era works by using artificial intelligence to analyse cryptocurrency price charts and spot patterns and trends. Once it has recognised a potentially profitable trade, it automatically sends a signal to a partnered cryptocurrency broker through an API (Application Programming Interface) to buy and sell cryptocurrency immediately.
Bitcoin Era key questions, answered!
Which broker can I use with Bitcoin Era?
Bitcoin Era’s robot works by connecting with a number of regulated CFD brokers, but the exact broker your trades will be placed on will depend on when you sign up for the platform. An example of a broker previously used by Bitcoin Era is Investous.
What cryptocurrencies are supported?
Despite its name suggesting otherwise, users can buy more cryptocurrencies than just Bitcoin on Bitcoin Era. The following cryptocurrencies are supported with Bitcoin Era:
In addition to this, the platform’s cryptocurrency trading robot also allows the trading of Bitcoin in BTC/USD and BTC/EUR currency pairs.
Can I use Bitcoin Era on mobile and desktop?
Yes, it is possible to access Bitcoin Era’s website on any device that has an internet connection. While the platform lacks any dedicated mobile app currently, the robot can be accessed and all desktop and mobile devices – including Android phones and iPhones.
Can I trade assets with leverage?
Yes, you can trade cryptocurrencies with leverage on Bitcoin Era. The exact level of leverage you can access will depend on the coin you’re trading and the broker with which the robot is partnered.
You should exercise caution before incorporating leverage into your trading strategy, however. While leveraged trades can lead to big gains if the market moves in your favour, they can also lead to huge losses if the opposite occurs. With a robot you don’t have full control over your trading activities, so we would not recommend programming it to grade with high leverage.
Can I open long and short positions?
Again yes, traders can use Bitcoin Era to take both long and short positions on a range of cryptocurrencies.
When investors ‘go long’ it means they believe the price of an asset (in this case a specific cryptocurrency such as Litecoin) will rise over time and so they buy and hold it in the hope of selling at a higher price later.
On the other hand, if a trader believes a cryptocurrency will lose value, they can ‘short’ it – meaning to sell it at the current price and buy it back at the lower price and pocket the difference.
What are the payment methods and withdrawal/deposit limits?
Bitcoin Era accepts deposits made using the following payment methods:
- Bank transfer
- Debit/credit card
In terms of the limits placed on deposits and withdrawals, the minimum you must deposit into your account before you start trading is $250. Maximum limits will depend on the broker the robot uses to place trades, and both withdrawals and deposits can take up to 48 hours to process.
Are there any costs and fees involved?
There are no fees involved when you sign up to Bitcoin Era’s robot, but you may find some trading and withdrawal fees applied by the broker when you process any withdrawal of your funds. These fees are not controlled by Bitcoin Era so are not listed on their website.
How do I withdraw funds?
In order to withdraw funds from Bitcoin Era, a withdrawal request needs to be processed with the partnered broker. This is because this is the platform where your crypto trades are actually made – with Bitcoin Era’s website merely being the platform that hosts the automated trading robot.
To withdraw funds you simply need to go to the brokerage account, key in the amount you wish to withdraw, and provide your bank details for the funds to be sent to. You might need to provide identification documents at this point depending on the broker.
What is the registration and verification process?
The registration and verification process on Bitcoin Era goes like this:
- Navigate to the Bitcoin Era trading platform
- Go to ‘register’
- Give your name, email address, and phone number
- Create a password
- Go to your email, find the verification email sent to you and click the link
- Fund your account and start trading
These steps can all be completed in under 30 minutes, and if you’re unsure or confused about anything just wait for Bitcoin Era’s customer service team to give you a call.
What is their customer service like?
Bitcoin Era provides 24/7 customer service to all users registered on its platform. They have a good reputation for responsive customer service online, and the team will also get in touch with you if it seems like you’re having trouble initially setting up your account.
How does it compare against other autotraders?
There are a wide variety of automated Bitcoin trading services available online these days, and Bitcoin Era regularly features as one of the most well regarded. Compared to alternate services such as Bitcoin Revolution, Bitcoin Profit, and Bitcoin Trader, the Bitcoin Era trading robot provides access to a larger range of cryptocurrencies and has a better reputation for customer service.
Is Bitcoin Era legit?
In terms of offering a cryptocurrency trading robot that will place trades on the crypto markets on a user’s behalf, Bitcoin Era’s services work as described. However, this question becomes harder to answer when the platform’s marketing materials are considered.
There are numerous fake reports that Bitcoin Era’s crypto robot is used by celebrities. The most prominent of these are dealt with in the section below, and all these claims are inaccurate. Additionally, Bitcoin Era makes bold claims that its robot is more than 99% accurate and that users will become rich overnight. Again, these claims are impossible and are false.
There have been reports of similar robots in the past being ‘designed to fail’ and merely functioning as marketing funnels for unregulated brokers. For this reason it is unwise to trust Bitcoin Era’s robot completely with your trades, with a better option being to configure its parameters to make sure it makes the trades you want it to.
Has Bitcoin Era been recommended by celebrities or appeared on TV?
Bitcoin Era has been linked with a few prominent celebrities and TV shows, but in our research we found no evidence to substantiate any of these claims. The crypto robot doesn’t seem to have attracted any of these rumoured endorsements, and platforms making such claims should be viewed with suspicion.
Below we have fact checked the claim that three notable celebrity figures have used or promoted Bitcoin Era.
Is it true that Richard Branson endorsed Bitcoin Era?
The reported claims that Richard Branson has recommended Bitcoin Era are false. Branson is one of the world’s most famous businessmen; he is the founder of the Virgin Group, which controls hundreds of businesses in sectors ranging from travel to telecommunications.
Fact check: False. There is no evidence that Richard Branson has ever endorsed Bitcoin Era.
Does 50 Cent use the Bitcoin Era website?
While it has been rumoured that 50 Cent uses this crypto robot, these assertions are untrue and there is no evidence that this is the case. 50 Cent rose to fame as a rapper in the mid-1990s and enjoyed a long and successful music career. He has since become a well-known entrepreneur and television producer.
Fact check: False. Looking into the rumours, it is false that 50 Cent is a user of Bitcoin Era.
Has James McAvoy publicly recommended the platform?
James McAvoy has not recommended the Bitcoin Era website, no. Mr McAvoy is a Scottish actor who has appeared in a number of blockbuster films including X-Men: Apocalypse, The Last King of Scotland, and Split.
Fact check: False. It is not true that James McAvoy has spoken favourably of this crypto robot platform.
How to trade with Bitcoin Era
You have two options when using Bitcoin Era’s robot to execute cryptocurrency trades: turn the robot on and trust it to make trades as its algorithm decides, or enter parameters for it to follow when trading. Of these two, the latter option is a better option if using the robot as part of your trading strategy.
Whichever way you decide to use Bitcoin Era’s robot, you will first need to sign up for an account and make an initial deposit of $250. Below are the steps you need to go through when registering to use the trading platform.
How to open an account with Bitcoin Era
- Step 1: Register. Navigate to the Bitcoin Era website and follow the registration steps. You are required to provide a phone number and email address, along with your name. Once you have clicked the confirmation link in the email sent to you you’re ready for step 2.
- Step 2: Fund your account. Go to the platform and log in with the details you have just created, and then go to the ‘deposit’ section of the website. You have to make an initial deposit of a minimum of $250 before you’re able to start using the trading robot. You can make this deposit with a bank transfer, card payment, or PayPal.
- Step 3: Start trading. Now your account is created and funded, you can go to the robot’s trading interface. It’s here you need to decide whether you want to just turn it to ‘on’ and let it trade automatically according to its own rules, or whether you want to set your own rules in the form of trading parameters. You can also start out in ‘demo mode’ – which is something we would recommend for beginner users.
Our top robot trading tips for beginners
Before using a robot to automate your cryptocurrency trades, it is important to understand how crypo markets work and the different trading strategies you can use. Many people think using a robot means they don’t have to do their research, but you should never invest in anything you don’t understand. Here are our top tips.
- Learn about trading before you use a robot. Not only should you never start trading in a market you haven’t researched, but also gaining a deeper understanding of the cryptocurrency space can help you figure out how you want to configure Bitcoin Era’s robot.
- Learn more about cryptocurrency. Using Invezz’s cryptocurrency courses you can learn more about the inner workings of cryptocurrencies and blockchain technology. This will give you a better insight into the markets and help you spot profitable trading opportunities.
- Start with a demo account. If you’re totally new to investing in cryptocurrency, then it is always best to start out with a demo account. This means you can assess the robot’s performance in real time with imaginary money – meaning you get to grips with the process without risking any capital.
- Build your portfolio gradually over time. Instead of trying to ‘get rich quick,’ you should think long term. Successful investors start small and grow over time, honing their strategies so they win more often than they lose and hedging their bets to avoid being wiped out in one trade.
- Only invest what you can afford to lose. You cannot lose that you don’t risk – so make sure that any money you’re using to trade cryptocurrency is money you could afford to lose. Crypto markets can be very volatile and you don’t want to be overly exposed in case the value of the coins you’re buying plummets.
There are mixed reviews of Bitcoin Era online, with the platform’s automated trading services occasionally disappointing users. Overall you can use the website to trade Bitcoin and other cryptos automatically, but don’t believe everything you read about the technology’s supposed huge success rate or bogus celebrity endorsements.
The platform does offer the ability to trade a wider range of cryptocurrencies than some other similar services, and it has a good reputation for the level of customer service provided by its team. Users of Bitcoin Era can also manually set limits on the robot to enhance their trading approach, rather than simply trusting the algorithm.
That being said, the service does not have over 99% accuracy for its crypto trades and it has not won any trading awards (regardless of what the website claims). Accuracy like this is not possible in cryptocurrency markets, and our researchers found no evidence to back up assertions that Bitcoin Era has won accolades from financial bodies.
While the underlying software of the website does allow you to use a robot to trade cryptocurrency automatically, users should be wary of believing all the claims made by Bitcoin Era.
There are many false assertions that different celebrities have used or endorsed the platform, and also questionable claims made about the robot’s effectiveness. There is no information made publicly available about who designed Bitcoin Era’s software, and so it is not possible to verify many things written on the website.
It is quick and easy to register for an account on Bitcoin Era, yes. You don’t need to provide any photo ID cards when signing up, just to give your name, email address, phone number, and create a password. You can complete the whole process in a matter of minutes.
No, while the robot allows you to trade cryptocurrencies it does not allow you to make withdrawals in them. This is because it partners with CFD brokers and therefore uses contracts for difference to speculate on crypto price movements with fiat currency, rather than directly buying and selling coins.
Bitcoin Era does not use the MLM model, which functions more like a pyramid scheme: users get paid due to how many people they bring on board rather than by their performance. You’re not guaranteed to make money when using the platform’s robot, as nobody can ever guarantee profits when trading, but your success is driven by how well the robot performs, not your ability to promote the site.
It does scan the cryptocurrency markets and use technology to place automated trades, yes. However, what is at issue is how good the robot is at spotting opportunities to profit. Cryptocurrency is notoriously volatile and it is simply not possible for Bitcoin Era to be as precise when trading coins as it claims.
You can sign up for Bitcoin Era without having to pay a penny. The platform itself also charges no fees – however you may have to pay something in trading and withdrawal fees when getting your money from the broker the robot is connected to.
To delete your account you will have to do two things: notify Bitcoin Era and close your broker account. Here is the process:
- Email Bitcoin Era informing them you would like to close your account
- Go to the brokerage platform and log in
- Process a withdrawal request for the money you have deposited with the broker
- Wait for the money to be credited to your account
- Close your broker account
There is no publicly available information on who owns the Bitcoin Era website. Both the team behind the robot and the details of the software it uses are private and not written anywhere on the platform’s site.