Bitcoin Lifestyle review
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This beginner-friendly review of Bitcoin Lifestyle explains what the robot does and how it can help you trade. Compare its pros and cons and find out whether Bitcoin Lifestyle is legit.
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
Pros:
Cons:
What is Bitcoin Lifestyle?
Bitcoin Lifestyle is a piece of crypto trading software that automates cryptocurrency trading by scanning markets and historical data. It uses artificial intelligence and natural language processing to access news, read charts, and derive broader insights that it uses to predict future price moves.
The Bitcoin Lifestyle robot claims that it generates profits by using this algorithm and a super-fast trading mechanism that acts 0.01 seconds ahead of the market.
Bitcoin Lifestyle summary
| Feature | Bitcoin Lifestyle |
|---|---|
| Supported cryptocurrencies | BTC, ETH, etc |
| Fees | No fees |
| Success rate | 87% |
| Minimum deposit | $250 |
| Mobile app? | Yes |
| Withdrawal speed | 24-48 hours |
| Demo account? | Yes |
| Leverage available | 1:1000 |
| Customer support | Yes |
| Verification required | Yes |
| Regulations | CySEC |
About the Bitcoin Lifestyle platform
How does Bitcoin Lifestyle work?
The Bitcoin Lifestyle automated trading software analyses a vast amount of data to find the best crypto trades. It then places these trades automatically on your behalf through an API that connects the robot’s platform with your broker’s trading account. Bitcoin Lifestyle constantly sends trading signals to the broker which then executes that particular trade accordingly.
What assets and products can be traded on Bitcoin Lifestyle?
Bitcoin Lifestyle has a very small number of supported cryptocurrencies. Right now, there are only four cryptos available. These are:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- EOS (EOS)
How much does Bitcoin Lifestyle cost to use?
There are no fees or commissions for using the Bitcoin Lifestyle automated trading platform. However, there are some charges in the form of hidden fees. Bitcoin Lifestyle uses third-party brokers to place trades, and each of these might charge a small fee or commission per trade.
What are the payment methods accepted by Bitcoin Lifestyle?
You can make a deposit on Bitcoin Lifestyle through a number of popular payment options including Visa, Mastercard, Skrill, and Neteller.
The full list of payment methods is:
- Bank transfer
- Credit cards (Visa and Mastercard)
- PayPal
- Skrill
- Neteller
Is there a Bitcoin Lifestyle app for both mobile and laptop-computers?
Yes. The platform is compatible with any version of a desktop and you can access the site on mobile through a Bitcoin Lifestyle app. You can use Bitcoin Lifestyle on any device:
- iOS and Android smartphones
- Tablets
- Laptops
- Desktops
Bitcoin Lifestyle key features
Bitcoin Lifestyle rated as one of our top performing crypto robots because it offers some unique features that beat out other automated trading services.
Learn with AI
Bitcoin Lifestyle uses artificial intelligence to place trades and identify potential money making opportunities. It also lets you use this information to learn. You can follow the AI’s moves and become a better crypto trader.
Free demo account
The Bitcoin Lifestyle demo account works well with its learning capabilities because it lets you trade with virtual money before you sign up for real. You can learn from the AI trading bot and then put those trading strategies into practice through a demo account before putting any of your own money on the line.
Trade with the Bitcoin Lifestyle app
Bitcoin Lifestyle offers an excellent mobile app that means you can adjust your trading robot and its parameters from your phone. This is particularly useful when it comes to trading crypto, as it’s such a fast-moving industry where you need to be able to be reactive at all times.
Which brokers can I use with Bitcoin Lifestyle?
Bitcoin Lifestyle works with regulated and reliable cryptocurrency brokers that provides a user with a secure environment for online cryptocurrency trading. These may include well-recognised broker names like 24option and UFX.
Can I trade assets with leverage?
Yes. Bitcoin Lifestyle offers leveraged trading of up to 1:1000. In other words, you can trade 1000 times more than the capital you invested. This is because the trading robot has associated with cryptocurrency brokers that further offer the option to leverage trading.
However, the higher the leverage, the bigger the risk. You can lose significant amounts of money if things do not go your way. It’s always good advice to start small and to steer clear of leverage when you first start trading.
Can I open long and short positions with Bitcoin Lifestyle?
Yes, you can open long and short positions on Bitcoin Lifestyle. You can also input manual trading conditions and the crypto robot will place a trade when the crypto asset hits the particular position.
A trader takes a ‘long’ position when they expects that a particular cryptocurrency price will move up. A short position is when the trader bets that the price of the cryptocurrency will move down.
How do I get paid? What about payouts?
You get paid by going to your Bitcoin Lifestyle account settings and submitting a withdrawal request. You enter your bank account details and your money will be transferred to you within 24-48 hours.
What is Bitcoin Lifestyle’s customer service like?
Before registration, you have the option to contact Bitcoin Lifestyle via a type form provided on their website. After registration, you have 24/7 customer service. This includes the option of email and on-call service as well.
Safety and security
Is Bitcoin Lifestyle safe to use?
Yes, Bitcoin Lifestyle is safe and legit to use. We found plenty of testimonials from users who have had a lot of success and made money from Bitcoin Lifestyle.
As with any investment vehicle, there is some risk involved. With crypto robots in particular there can be many unscrupulous actors, but there is no suggestion Bitcoin Lifestyle carries any substantial risk.
Is Bitcoin Lifestyle regulated?
Yes, Bitcoin Lifestyle is regulated through its third party brokers. As Bitcoin Lifestyle doesn’t manage any of your money, it doesn’t have to be regulated itself. However, the partner brokers should – and are – regulated by European financial regulators. The most common regulatory body is CySEC, the Cyprus Securities and Exchange Commission.
Is my money protected on Bitcoin Lifestyle?
CySEC offers protection up to €20,000 to any investor in the event of a broker going bankrupt. This means your money is protected, as long as you use a regulated broker. You can search a company’s registration number to find out whether it’s regulated or not.
Who owns Bitcoin Lifestyle?
It isn’t clear who owns and operates the Bitcoin Lifestyle trading robot. However, our research suggests a group of crypto traders and financial experts founded Bitcoin Lifestyle. It’s common for crypto developers and investors to remain anonymous, so it’s quite normal for there to be little information available publicly.
What is the registration and verification process?
Signing up and registering for an account on Bitcoin Lifestyle is free and can be completed in a few simple steps. It requires providing basic details such as your name and email address, and setting a password. Your account will be verified within a few minutes. But please note that registration will only be successful if the broker partners are available in your country.
Follow the steps below to open your account and start trading with the Bitcoin Lifestyle app.
How to start trading with Bitcoin Lifestyle
Step 1. Create an account with Bitcoin Lifestyle
Registering with Bitcoin Lifestyle only takes a few simple steps. You submit your name, email, and phone number on the initial sign up form and then you must pass a verification check before your account is approved. You need to provide a valid form of ID, such as a passport or driving licence, in order to pass this. This is a required step as all the brokers are regulated to comply with anti-money laundering legislation.
Step 2. Make minimum deposit of $250
After logging in to your account, the robot will direct you to one of their affiliated and regulated brokers. You need to make a minimum deposit of $250 before you can start trading. You can also consider using a demo account in order to grasp the platform first.
Step 3. Set up your Bitcoin Lifestyle trading system
Once you’ve made the minimum deposit, you can set up your Bitcoin Lifestyle robot. This means choosing your minimum and maximum trade limits, which assets you want to trade, and your daily trading limits.
Step 4. Adjust risk management settings
To make sure you don’t lose money, it’s important to put in place some safety precautions. The most common way to do this is to set acceptable stop-loss limits in advance, which protect you against the risk of making a big loss on a trade.
Step 5. Start investing with Bitcoin Lifestyle
Once you have funded and set up your account, you can start live trading instantly. Since crypto markets run 24/7, the robot facilitates trading at all times based on the parameters you set.
Has Bitcoin Lifestyle been recommended by celebrities or appeared on TV?
No, Invezz has researched the various claims of celebrities, investors, and TV shows being associated with Bitcoin Lifestyle and could find no evidence to support any of them. A number of articles have appeared online linking the platform to influential figures in the finance and entertainment industries, but these articles lack any proof to back up their claims.
Below are three brief fact checks that quickly run through three of the famous names most commonly associated with the robot.
Is it true that Chris Brown endorsed Bitcoin Lifestyle?
It is not true that Chris Brown has recommended the Bitcoin Lifestyle website. Primarily known as an american singer and performer, Chris Brown has sold more than 140 million records worldwide and appeared on a host of other successful tracks such as No Air with Jordin Sparks.
Fact check: False. Chris Brown has never spoken publicly about Bitcoin Lifestyle.
Does Kate Garraway use the Bitcoin Lifestyle website?
Kate Garraway does not use this crypto trading website, despite rumours existing online. A widely recognised figure on British morning television and radio, Kate Garraway is the host of Mid Mornings with Kate Garraway on Smooth Radio throughout the week, and also the co-host of ITV’s Good Morning Britain every Friday.
Fact check: False. Upon looking into reports of Kate Garraway’s use of Bitcoin Lifestyle, we found them to be inaccurate.
Has Kate Winslet publicly recommended the platform?
No, Kate Winslet has not endorsed the Bitcoin Lifestyle website. Kate Winselt is a famous British actress who is most famous for having played the leading role of Rose in the 1997 film, Titanic. She was awarded the honour of Commander of the British Empire (CBE) in 2012.
Fact check: False. Despite many online sources claiming her involvement, Kate Winslet has never spoken about this crypto website.
Is there a Bitcoin Lifestyle alternative?
There are lots of crypto robots that perform a similar function to Bitcoin Lifestyle. Here are our top five rated Bitcoin robots:
- Bitcode Prime. Bitcode Prime is one of the most popular Bitcoin trading platforms around.
- Bit Index AI. Bit Index AI is a crypto trading bot that uses artificial intelligence to identify winning crypto trades.
- Immediate Edge. Immediate Edge is a trading bot that offers lots of different trading strategies to help you trade the crypto market successfully.
- Bitcoin Code. Bitcoin Code is a crypto bot that’s designed to work best with coins that are related to the Bitcoin Blockchain.
- Oil Profit. Oil Profit is a commodity trading bot that aims to make commodities trading as simple and popular as crypto trading.
Our top robot trading tips for beginners
When using a robot to trade cryptocurrencies, there’s a lot that you need to be aware of. It may just feel like you deposit funds and let the robot do the rest, but our team of experts have come up with the following advice that it’s important to read before getting started:
- Learn about trading first. Trading cryptocurrencies is a complex process, and it’s important to have a grasp of the basics before you get involved. By learning about trading in general you will be better able to set up the trading robot to work most effectively.
- Learn more about cryptocurrency. Having more knowledge of the asset you are trading is important when making any trade, but especially so in such a wide-ranging environment as cryptocurrency.
- Start with a demo account. Even though you can start live trading immediately upon setting up an account on a robot, we strongly advise you to trade on the demo account first. This will help you familiarise yourself with the platform before risking any of your capital.
- Start small. The best strategy is to start with a small amount of money and grow your portfolio and profits over time. This will help you hone your trading skills and keep risk to a minimum.
- Only invest what you can afford to lose. This is a central tenet of trading, it’s always important to be financially responsible when investing in anything. Markets can be volatile and losses can come as easy as profits, so don’t risk money you couldn’t live without.
Our final verdict on Bitcoin Lifestyle
Bitcoin Lifestyle’s cryptocurrency trading robot is a useful tool for carrying out crypto trades, but users should be sure to have an understanding of what they are doing before using the robot. There are many reviews online that show many people have made money using the technology, but not typically in the large amounts claimed on the platform’s own testimonials.
The high amounts of leverage offered by Bitcoin Lifestyle can make the platform attractive to seasoned traders, but beginners should proceed with caution and do some research before using this feature. Cryptocurrency investments, especially leveraged trading, comes with its own set of risks. The key is to keep them small and be careful while making any investment decision.
Bitcoin Lifestyle is a suitable tool for experts who can trade in a market that runs 24/7. By offering trading signals through constant monitoring of charts and data, it can enable a trader to make stronger trading strategies.
One drawback is that currently you are only able to trade four cryptocurrencies, meaning you don’t have too much flexibility for investing in multiple assets within your portfolio.
Methodology: how we scored this Bitcoin Lifestyle review
Our expert panel reviewed Bitcoin Lifestyle by testing how it performed as an automated trading robot compared to the other bots they’ve used. Testing meant signing up, making a deposit, and setting up a few different trading strategies.
Each expert returned a rating based on many years of experience in the crypto markets. We took all these ratings and used them, along with additional competition research and analysis of customer reviews, to provide the final score you see at the top of this page.
We may earn a small commission if you sign up and create an account after following a link on this page. Read more about how we make money.
FAQs
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 >
