What is Bitcoin Revolution and what can I do with It?
Bitcoin Revolution is an online platform that uses Artificial Intelligence and machine learning to automate cryptocurrency trading. The robot can process fundamental and technical data and further open or close cryptocurrency trades almost instantly, within the trading parameters set by individual traders. It claims to be able to stay 0.01 seconds ahead of the market through the data it collects and analyses.
In addition to automating trades, the robot also enables expert traders to execute manual trades. A seasoned trader can specify trading indicators including cryptocurrency assets, stop loss, daily limits, etc. so that the robot will automate their own behaviour without the need for human intervention. The trader can also specify the conditions to open a trade (For instance, buy a certain amount of BTC the instant the price falls below $8000).
Is Bitcoin Revolution legit?
Bitcoin Revolution is a legitimate service, but its marketing claims are likely to be untrue. There are a number of mixed reviews made by different users, including rumours of fake endorsements by celebrities designed to improve Bitcoin Revolution’s image. The site also claims that Bitcoin Revolution has won numerous trading awards, but we couldn’t find evidence of this.
However, the web application for placing trades does work and trades automatically as advertised. Although it is worth bearing in mind that the sort of huge profits in short periods of time that are often used to advertise the service are likely untrue.
Always keep in mind that trading in cryptocurrencies comes with its own set of risks. Any trader should not remain completely dependent on the robot, instead seeing it as a tool to be used as part of a wider trading strategy.
How does Bitcoin Revolution work?
Using its algorithm, Bitcoin Revolution finds successful trading strategies by analysing vast amounts of information across the internet.
To conduct trades, it partners with brokers that enable cryptocurrency trading and connects directly with these brokers by way of an API. Using Virtual Private Servers (VPS), it sends trading signals to the broker, which further automates the action of buying or selling a particular cryptocurrency asset.
Bitcoin Revolution key questions answered
Which brokers can I use with Bitcoin Revolution?
The robot works with reliable brokers like 24Option, Investous, EuropeFX in the cryptocurrency market that provide an inclusive environment for trading as well as safe and secure banking.
What cryptocurrencies are supported?
Bitcoin Revolution offers the ability to trade a wider number of cryptocurrencies than some other online robot platforms. The following cryptocurrencies are supported with Bitcoin Revolution:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Ripple (XRP)
- Dash (DASH)
- Monero (XMR)
- Bitcoin Cash (BCH)
In addition to this, it also allows trading in currency pairs with BTC, EUR, and CHF.
Can I use Bitcoin Revolution on mobile and desktop?
Yes. You don’t need to download and install the computer program on your device. On either mobile or desktop, you simply need to open your web browser and have an internet connection.
Can I trade assets with leverage?
Yes. Bitcoin Revolution offers leveraged trading to its users through its association with CFD brokers. However the robot or its website does not mention any specifics for criteria on leverage.
Before considering leveraged trading, it is advisable that you only choose to invest what you can afford to lose. This is because crypto markets are volatile and even a small movement in prices can result in large losses when trading at high leverage.
Can I open long and short positions?
Bitcoin Revolution enables a trader to trade with long and short positions as it supports brokers who offer margin trading.
Taking a long position means you are betting that the value of a coin will go up, and a short position involves betting that the value will go down.
What are the payment methods and withdrawal/deposit limits?
You need to make a minimum deposit of $250 before you can start auto trading with Bitcoin Revolution. The robot has multiple options for payment via credit card and debit card (including VISA and Mastercard).
For withdrawals, the process is carried out through the broker’s platform. Users would need to withdraw money from the trading account of the broker with whom the trades have been made. While there are no restrictions on the withdrawal limits, it takes up to 48 hours for the funds to reach your account.
Are there any costs and fees involved?
There are no hidden charges or fees and no commission involved while trading with Bitcoin Revolution.
How do I withdraw my money?
In order to withdraw your trading profits, you need to fill a form to process your withdrawal request. You can withdraw your profits on a daily basis or less frequently if you choose. The amount will be directly transferred to your bank account once you input your details. The robot does not charge any commission so you are liable to receive the amount in whole.
What is the registration and verification process?
Registering for an account on Bitcoin Revolution requires you to fill your name, email address, contact number, and setting a password. Once your account is verified, which usually takes a few minutes, you can begin to start trading in your favourable cryptocurrency.
The process for registering on the robot does not require you to submit ID documents. But, while withdrawing your funds to your bank account, an associated broker of Bitcoin Revolution will ask for relevant documents as a measure to verify who you are. This is in order to comply with anti-money laundering legislation, as Bitcoin brokers are regulated by financial bodies.
What is their customer service like?
After registering on their platform, Bitcoin Revolution provides 24/7 customer service to its users via live chat and email. After registration, they have a call service wherein a trader is guided through each step. Furthermore, Bitcoin Revolution also offers live webinars and access to knowledge centres from their affiliation with brokers.
How to trade with Bitcoin Revolution
Bitcoin Revolution has a user-friendly interface that works on both mobile and desktop, but it is more easy to navigate on a computer or laptop than a mobile. Its intuitive dashboard helps an expert to access the robot control panel.The control panel will allow you to monitor your trading activities and also set trading parameters.
On the same dashboard, the tab ‘Trading History’ shows a list of all the past history of transactions, including gains and losses. A trader can manage and view all their live trading activities from the ‘Open Transaction’ tab, and can also access the live trading or demo trading from the same dashboard.
Beginners should start by using the demo account in order to get familiar with controlling different panels on the dashboard. This way you can learn your way around the interface before risking any of your capital.
- Step 1: Registration – Sign up to register your account with Bitcoin Revolution. A trader would need to provide basic details (without any need for identification proof at this point) and set a password. Once the account is verified, which usually takes a few minutes, you can log in.
- Step 2: Deposit Funds – You first need to fund your account with a minimum investment of $250. You can use multiple payment options available on the platform to do so, but credit and debit card payments are the easiest option. You can now use a demo account to navigate the dashboard of the robot or start auto trading on the platform.
- Step 3: Trade – Either a trader can choose auto trading in which the robot would place trades after analysing the market data. Otherwise, a seasoned trader can also go for manual trading in which case the user needs to set up various parameters and indicators which the robot will follow.
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.
Bitcoin Revolution has its fair share of reviews and testimonials on its website as well as other platforms that give an indication that the software can be used to generate reasonable profits if handled correctly. However, claims by users that they have made millions on the platform with no knowledge of trading seem too good to be true.
The robot is to be handled with care by beginners who do not understand the schematics to cryptocurrency trading. Moreover, it is unwise to only have one place that you do all of your cryptocurrency trading. Even the most experienced traders have suffered losses owing to the volatility in cryptocurrencies, so it’s good to diversify your crypto investments.
At the same time, Bitcoin Revolution does support traders in optimising their strategies as it can process huge amounts of data in limited time. It is also worth noting that Bitcoin Revolution supports trading in a wider variety of cryptocurrencies than some other robots.
Using the software is best when it is seen as a tool for which you can set your own trading parameters that it automatically executes on your behalf. A trader can then enable the robot to monitor markets 24 hours 7 days a week and also execute trades depending upon the precise market conditions, even when they themselves are not physically there to make the trade.