Bitcoin System review 2023

Our experts have tested and created reviews for many of the best-known trading robots and on this page, we take a look at Bitcoin System. We explore the software, what it can do, and find out if its claims of high accuracy in predicting Bitcoin price movements are true.

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.

Based on our research, Bitcoin System appears to be a genuine trading robot

We test every crypto robot extensively and only recommend software that looks legitimate. The results of our investigation suggest that Bitcoin System seems to be a genuine trading bot. To sign up for a free trial and test the software for yourself, follow the link below. Once you’ve done so, an account manager will call to explain how to create an account and set up the bot.

What is Bitcoin System?

Bitcoin System is a trading robot that allows people from all walks of life to start their crypto trading journey. Created by two brothers, Bitcoin System claims to have developed a trading algorithm that accurately predicts Bitcoin price movements using a variety of inputs.

The algorithm identifies trading opportunities and sends signals to your broker so that you can execute the moves straight away. It’s free to register on Bitcoin System and you can start using the robot immediately. The platform has a list of certified brokers that make the trades on your behalf, or you can use a dedicated account manager to make manual trades.

Bitcoin System summary

Feature	Bitcoin System
Supported cryptocurrencies	BTC, ETH, XRP, BCH
Fees	No fees
Success rate	96.7%
Minimum deposit	$250
Mobile app?	Yes
Withdrawal speed	24-48 hours
Demo account	Yes
Leverage available	1:1000
Customer support	Email, live chat, phone
Verification required	Yes
Regulation	Partner brokers, CySEC

About the Bitcoin System platform

How does Bitcoin System work?

Bitcoin System predicts crypto price movements before the general market using technical and fundamental variables combined with artificial intelligence. Taking input from users on different parameters such as risk levels, invested amount, trading strategy and the type of crypto asset intended to trade, Bitcoin System generates the most likely profitable actions it can take according to the market situation.

As a robot, Bitcoin System does not do any trades on its own. Leveraging AI and machine learning, it simply makes calculated decisions on trading opportunities. The trading signals are then forwarded to its host of regulated brokers who do the actual trading.

Profits generated through the trades are deposited into the users’ trading accounts, where they have the option to hold, withdraw, or reinvest.

What assets and products can be traded on Bitcoin System?

A team of traders initially developed Bitcoin System to capture Bitcoin’s price volatility, hence the name. The website does claim that users can trade various cryptocurrencies alongside Bitcoin, including some of the following.

• Bitcoin (BTC)
• Ethereum (ETH)
• Litecoin (LTC)
• Ripple (XRP)
• Bitcoin Cash (BCH)
• Monero (XMR)
• Dash (DASH)

How much does Bitcoin System cost to use?

There is no fee for signing up. Bitcoin System says that it has no registration or recurring costs involved. However, given that the robot uses brokers to place the trades, you may have to pay some trading fees on certain platforms. During our automated software testing, we incurred commission fees of between 1% and 2%. 

What are the payment methods accepted by Bitcoin System?

Bitcoin System accepts a variety of payments, from US Dollars to crypto and it does not have any associated funding fee. That being said, users should consult with their payment processor to know if they have any charges at their end. Supported payment methods by Bitcoin System include:

• Bitcoin
• All major debit and credit cards
• Bank transfers
• PayPal

Is there a Bitcoin System app for both mobile and laptop computers?

There is a Bitcoin System app for both computers and mobile devices. You can use the Bitcoin System software directly from a web browser on any desktop or laptop computer. The Bitcoin System crypto robot can also be accessed via a mobile app and can be used on Apple or Android devices. Here’s a list of what devices you can use the Bitcoin System on. 

• Desktop
• Laptop
• Smartphone
• tablet

Bitcoin System key features

While there are several other trading bots available online, Bitcoin System tends to outshine others with the plethora of its features. Some of the top ones that make it stand apart are:

Dedicated accounts manager

While the robot requires a minimum of human interaction, some aspects require a person to interact with users. All matters related to initial deposits, manual trading and guidance are handled by professional accounts managers who are available on call.

Customised trading strategy

With a wide variety of tools and services, users can customise their trading strategy. Copy trading even allows users to make passive earnings by following a professional trader.

User-friendly

The Bitcoin System interface has been designed for ease of operation. The easy-to-use UI and ample training material mean a very shallow learning curve that allows even laymen to get accustomed to the robot and its services rapidly.

Which brokers can I use with Bitcoin System?

Bitcoin System is available globally and with different jurisdictions having their regulations, the trading robot partners with several exchanges and brokers so that a user will always have a legally compliant trading hub to connect with.

The robot only partners with regulated entities, subject to legal and regulatory scrutiny regarding the security and safety of funds and user information.

Can I trade assets with leverage?

Bitcoin System does not make any trades itself. The amount of leverage on offer is decided by the partnered brokers. This is on average around 1:1000, although some brokers go as high as 1:5000. While we tested the automated trading system, the leverage accessible to our experts was 1:1000. 

Can I open long and short positions with Bitcoin System?

Yes. You can open long and short positions with the Bitcoin System trading platform. With this function, is it possible to make money even when markets are falling. 

If you’re unfamiliar with the terms, check out our position trading course. In trading, a long position basically means that a trader bets that the price of an asset will move up. In contrast, a short position means that a trader bets that an asset’s price will decrease.

How do I get paid? What about payouts?

Payouts are carried out from the Bitcoin System trading dashboard. You have to fill out a form and submit a request for a withdrawal amount. The withdrawal gets directly transferred to your bank account. Please note that to carry out payouts, you must fill in your bank details and submit relevant proof of ID.

What is Bitcoin System’s customer service like?

Bitcoin System has a dedicated web contact page for users where they can pen down their queries to be answered through email. All registered users have a dedicated accounts manager they can contact if they face any issues. Different reviews of the robot show that the customer support is highly active and prompt to reply.

Safety and security

Is Bitcoin System safe to use?

Bitcoin System boasts to use military-grade 128-bit encryption, which is extremely tough to crack. It also uses anti-virus and anti-phishing measures to protect its users. Additionally, its partner brokers have many security features such as 2-factor authentication to protect your account from being hacked. 

Is Bitcoin System regulated?

Bitcoin System claims to be a legally compliant service, however, its official website does not provide any information about what licences it holds. The brokers it has partnered with are regulated by CySEC, which is one of Europe best known regulatory bodies. 

Is my money protected on Bitcoin System?

As a trading robot, Bitcoin System does not hold your funds. Any funding done by users is sent to the relevant broker. As such, the financial protection of your deposits and profits depends on the broker used for you. Brokers regulated by CySEC offer protection and compensation up to $20,000. 

Who owns Bitcoin System?

The Bitcoin System official website provides little information about its owners other than mentioning that two brokers created it. As the trading platform has grown in popularity, many rumours have started online, claiming that the Winklevoss brokers created Bitcoin System. Our research team were unable to find any information supporting these claims. 

We did uncover that while the names of its two creators remain unknown, one is a long-term financial market trader and the other is a software developer. They used their decades of experience to create Bitcoin System and chose to keep their identities hidden, which is common in the crypto space.  

What is the registration and verification process?

Bitcoin System requires users to undergo KYC and AML checks. Although the robot’s requirements are at a minimum, requiring only a full name, email address and contact number to register. 

However, there are more checks for users to register with affiliate brokers. The brokers may require digital copies of government-issued ID, proof of income, and residence, depending on the regulatory body they have to comply with.

How to start trading with Bitcoin System

Step 1. Create an account with Bitcoin System

The first step you will need to take is creating an account with Bitcoin System. All you have to do is visit the Bitcoin System website and fill in the registration form by entering your name, email address, and phone number. Now just wait a few minutes for your account to be verified via an SMS code.

Step 2. Make a minimum deposit of $250

To start your autotrading journey with Bitcoin System you will need to deposit a minimum of $250 into one of its partner brokerage accounts. You’ll also need to register an account with a broker so make sure you have some ID with you such as a passport or driving licence as it will be required during the signing up process.

Step 3. Set up your Bitcoin System trading system

Now that you have your Bitcoin System trading account verified, it’s time to set up the automated trading software. You will have lots of options that you can adjust including what coins you want the bot to trade, how often, and at what time of day.

Step 4. Adjust risk management settings

To make sure you don’t lose money it’s important you take the time to adjust the Bitcoin System risk management settings. If you want to take a gamble then you can set it high, although we recommend you start off low. This way you can slowly increase your risk as you gain more confidence with the bot.

Step 5. Start investing with Bitcoin System

Now you’re ready to go and have the trading bot set up. At this point, you should consider testing out the trading platform on a demo account. Using a virtual account is the easiest way to learn how the robot works, without risking any money. Once you’re comfortable with Bitcoin System, you can switch to a live trading account.

Has Bitcoin System been recommended by celebrities or appeared on TV?

Many cryptocurrency robots claim to be endorsed by prominent celebrities and Bitcoin System is no different. Our research into the trading platform found that these stories are false and we couldn’t find any evidence to support the claims. Below we have fact-checked three claims that notable celebrities have used the Bitcoin System. 

Is it true that Shark Tank endorsed Bitcoin System?

No, the Bitcoin System app has never been featured on Shark Tank. This is an American television show that features entrepreneurs making business presentations to a panel of five investors or “sharks,” who decide whether to invest in their company.

Fact check: False. We found out that Shark Tank has never mentioned this robot, and its founders did not pitch the ideas to the panel of ‘Sharks.’

Does Jonathan Ross use the Bitcoin System website?

No, Jonathan Ross does not use Bitcoin System or any other cryptocurrency robot trading platforms. Jonathan Ross is a hugely famous British television and radio presenter; he was the figurehead for Friday Night with Jonathan Ross in the 2000s, and now hosts The Jonathan Ross Show every Saturday evening on ITV.

Fact check: False. Jonathan Ross has never used Bitcoin Bank.

Has Nicole Kidman publicly recommended the platform?

Nicole Kidman has never used Bitcoin System. 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 not find any connection between Nicole Kidman and Bitcoin System’s crypto robot. 

Is there a Bitcoin System alternative?

There are lots of other Bitcoin bots out there. Many offer a similar service and are tailored to crypto trading, while others take a broader approach and let you trade stocks and forex as well. Here are some other trading platforms you might want to consider:

• Bitcoin Bank is a trading system geared towards finding trading opportunities in Bitcoin and is one of the most popular crypto bots.
• Bitcoin Code uses advanced trading bots to identify technical trading signals and sends the information direct to your broker automatically.
• Immediate Edge is another trading bot that uses machine learning to get you ahead of the competition when it comes to trading Ethereum and other cryptocurrencies.
• Ethereum Code is a cryptocurrency trading bot that operates on the Ethereum blockchain. 
• Immediate Connect offers automated trading on the whole crypto market through a trading system that’s easily adjustable to suit top cryptocurrencies and altcoins alike.

Our top robot trading tips for beginners

If you’re new to trading and want to use a crypto robot you should still have a basic understanding of how the market works. Below we have provided a few tips to help you get started on the right foot. 

1. 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 minimise losses.  
2. Understand cryptocurrency space. Never invest in a market you don’t understand. Trading within the cryptocurrency space is still relatively new. The prices are susceptible to volatility, and even a small difference in prices can result in huge losses with leveraged trading. 
3. Start with a demo account. It is advisable to start trading on a demo account first. This way, you get familiar with crypto trading and the robot without risking your capital.
4. 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.   
5. Only invest what you can afford to lose. Remember that the claims that users make $1,000s a day with Bitcoin System are completely unverified. There are no ‘sure things when it comes to trading. Trade carefully and gradually.

Our final verdict on Bitcoin System

Bitcoin System is a solidly built crypto trading robot that seems to deliver what it promises. Although it claims to offer higher profitability than manual trading, it does not promise unrealistic figures like its competitors and even has a disclaimer warning about the risks of losses.

Reviews and feedback from users show that the robot is delivering on what it says and most of the traders are happy with its services.

Taking into consideration the high-profit ratios, ease to register and use, compliance with regulations and a good reputation, it can easily be said that Bitcoin System is a legitimate trading robot.

Methodology: how we scored this Bitcoin System review

Every cryptocurrency trading robot review on our website follows the same rules when evaluating the platform. In the case of this Bitcoin System review, we first created a free account and made an initial deposit of $250. We then connected our Bitcoin System account to its recommended trading platform before adjusting some settings and letting it trade. 

We combined our research and analysis with online reviews from trading software users during our review. We then scored the trading platform based on our findings and other users’ reviews. 

The final ranking is recorded as a score out of five stars. No platform can influence the score, but we may be paid a fee if you use one of the links on this page to sign up with a partner service. Learn more about how we make money and our review process.

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