What is Bitcoin Pro and what can I do with it?
Bitcoin Pro is an automatic trading robot that uses Machine Learning (ML), Natural Language Processing (NLP), and other technologies to place trades on the crypto markets. Using sophisticated tools, the robot analyses historical data, market trends, and the latest news to find potentially profitable trades. It executes these trades without the need for human intervention.
In addition to this, experienced traders can also enable manual trading. With Bitcoin Pro, a trader need not constantly monitor markets 24/7 to find precise conditions for opening or closing a trade. Instead, a user can enter various parameters and conditions at which the trader would like to open or close their position (such as if Bitcoin reaches a specified price), and the robot will execute the trade automatically when those conditions are met.
Is Bitcoin Pro legit?
Bitcoin pro does enable automated trading in cryptocurrency markets, however the claims made on its website are too good to be true and should be treated with caution. The trading bot is a useful instrument in cryptocurrency trading, but its official website claims to have a success rate of 99.4% which is near-to impossible, and Bitcoin Pro gives no further information to justify this claim. Additionally, testimonials on its website proclaim that they have generated more than $1100 in profits on a daily basis using Bitcoin Pro. This also seems highly unlikely and is not backed up with any evidence such profits have been made.
A trader should always be careful while navigating in the cryptocurrency markets. Before getting involved with trading cryptocurrencies in any way, it is important to learn the basics of both trading and cryptocurrency.
How does Bitcoin Pro work?
Bitcoin Pro works with regulated brokers to execute cryptocurrency trades, connecting to these brokers via an API. The robot passes trading signals to a partnered broker which in-turn executes the trade without the need for the user’s intervention. According to its website, the software is 0.01 seconds ahead of the market and uses this advantage to make profitable trades. Once again, however, this claim is not backed up with evidence.
Bitcoin Pro key questions, answered!
Which brokers can I use with Bitcoin Pro?
Bitcoin Pro has partnered with regulated brokers that offer services of trading in cryptocurrency markets. While its website does not mention the names of brokers, it may include popular brokers like EuropeFX and 24Option.
What cryptocurrencies are supported on Bitcoin Pro?
With Bitcoin Pro, a trader can trade prominent cryptocurrency assets. This includes:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Ripple (XRP)
Can I use Bitcoin Pro on mobile and desktop?
Yes. Bitcoin Pro is a software that can be accessed through a browser on desktop or laptop. The platform does not have a dedicated mobile app, but the site can be accessed through a regular mobile browser.
Can I trade assets with leverage?
Yes. While the website does not mention the leverage ratio, external resources suggest that the leverage offered by Bitcoin Pro is 1:2000. In other words, a trader can trade up to 2000 times the capital investment.
We strongly advise against trading with leverage on Bitcoin Pro. Leveraged trading is something that should only be undertaken by experienced traders, as losses can rack up quickly if the markets move against you. It is also very risky to allow an automated service to make leveraged trades on your behalf, as you could lose a lot of money fast with no control over the trades.
Can I open long and short positions with Bitcoin Pro?
Yes. A trader can open long as well as short positions on Bitcoin Pro, and make money even when the price of the asset is moving downwards.
A long position in crypto trading refers to trader wagering that the price of an asset will move upwards while a short position refers to a trader wagering that the price of an asset will fall.
What are the payment methods and withdrawal/deposit limits?
A trader can access the services of Bitcoin Pro by depositing a minimum of $250 to enable autotrading. For depositing funds, the payment methods available include credit/debit cards, Visa, Mastercard, Neteller, and Maestro.
There are no limits on the minimum amount for withdrawing your profit or capital from Bitcoin Pro. Additionally, you can also withdraw on a daily basis. You are required to submit a withdrawal request and you can receive your payouts in your bank account within 24-48 hours.
Are there any costs and fees involved?
No. As stated on Bitcoin Pro’s official website, there are no hidden costs or commission involved for using the services of the robot for cryptocurrency trading.
How do I get paid? What about payouts?
Payouts can directly be credited into your bank account. For initiating a withdrawal, you are required to submit a request form from the trading interface. As there are no limits to withdrawal amounts, you can take payouts on a daily basis as well. Please note that in order to make withdrawals you will be required to submit your bank details and your identification documents.
What is the registration and verification process?
The registration process on Bitcoin Pro involves providing basic details like your name, contact number, and your email address. You will then receive a link to your provided email address for verification. This process does not take more than 30 minutes. However, please note that its services are not available in all countries.
What is their customer service like?
Prior to registering on Bitcoin Pro, you can contact their customer service through a contact form that is available on its official website. After you are a verified member, you can access the customer service through email and live chat options.
How does it compare against other autotraders?
Bitcoin Pro isn’t quite up to the quality of it’s best competitors; Bitcoin Revolution, Bitcoin Era, and Bitcoin Code. Even though their offering is basically the same, its the usability, cryptocurrencies, and security features which falls short. We suggest taking a look at our list of the best bitcoin robots before signing up for an account.
How to trade with Bitcoin Pro
Bitcoin Pro’s trading interface is easy to navigate, with all options from trading history to open trades being accessible from the control panel. Additionally, the option for autotrading is also available on the right side of the control panel.
In Bitcoin Pro’s interface, a trader can set up manual parameters such as stop loss and limit orders from the front dashboard while placing a trade. Furthermore, a user can select the option of demo trading to acquaint themselves with the trading dashboard of Bitcoin Pro.
To leverage the auto-trading bot, you first need to set up an account. The following steps need to be followed in order to do this.
- Step 1: Registration – The first step is to become a member of Bitcoin Pro. For registration, you can fill all the details on the form available on the right side of the home page. After you have successfully registered and verified your account, you can either begin trading by depositing the specified minimum amount of funds or choose demo trading for practising.
- Step 2: Deposit Funds – In order to activate auto-trading, a minimum deposit of $250 is required.
- Step 3: Trade – The auto-trading function of Bitcoin Pro will execute trades without any intervention from your side. In the case of manual trading, you can enter all your specific parameters in the dashboard and the robot will open or close a trade accordingly.
Our top robot trading tips for beginners
When trading in cryptocurrency markets using a robot, there are a number of factors that you need to be aware of. Moreover, even while using the robot’s services, a trader needs to perform thorough research on market conditions and cryptocurrency in general. We have prepared a list of steps that should be considered before using a robot.
- Learn about trading first. A beginner needs to familiarise themselves with functionalities of cryptocurrency trading. The trader needs to understand the risk factor, volatility, and security of crypto assets before beginning to start trading.
- Understand cryptocurrency space. As discussed before, the key aspects of cryptocurrency markets differ from other markets. Hence it is necessary to understand the aspect of trading and investments in crypto assets. You should never invest in something you don’t understand.
- Practice with a demo account. It is always advisable to practice using a demo account instead of directly venturing into trading. This gives you a fair idea of Bitcoin Pro’s trading interface and cryptocurrency trading.
- Start small. Always start with minimal amounts and gradually build up your portfolio. Starting with small amounts will give you hands-on experience along with lowering risk factors.
- Invest what you can afford to lose. Trading always comes with a risk, and cryptocurrency markets can be notoriously volatile. If you are not careful, you can easily lose money if the markets take a plunge. Hence, always trade only the money you can afford to lose.
Bitcoin Pro can be a useful instrument for cryptocurrency trading, but it does have mixed reviews from users. While traders have reaped benefits from leveraging the bot’s services, the testimonials on its website of users generating $1100 in profits on a daily basis are unverified claims and almost certainly untrue. Moreover, its website also claims to have won awards for trading, but further research suggests this is not the case and that these are simply fake marketing techniques.
If you are a beginner looking to leverage Bitcoin Pro’s services, you should exercise caution. You should not believe everything mentioned on its website and conduct your own research into both trading and cryptocurrency before venturing into trading crypto markets with Bitcoin Pro.
Bitcoin Pro does facilitate tools that can be useful for an expert trader, such as being able to set parameters manually and control the trading strategy pursued by the robot. This helps a trader to optimise their trading experience without constant monitoring of markets.
In conclusion, while Bitcoin Pro can benefit users in some aspects, it is always advisable to tread carefully and conduct thorough research.