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Bitcoin Trend is a software that automates trading in digital assets like Bitcoin. Its official platform does not reveal the details on its founder/s or the team behind the creation of this robot. The website claims that its software is highly accurate and can help generate easy profits with cryptocurrency trading.
It also states that its software is easy to use and beginners can easily generate profits without understanding cryptocurrency markets. In this Bitcoin Trend review, we explore the features and functionalities of this robot. We also examine the bold statements proclaimed on its official website to check if they’re true.
Pros & Cons
What is Bitcoin Trend and what can I do with it?
Bitcoin Trend is a cryptocurrency trading robot that uses artificial intelligence and statistical algorithms to create trading signals. It searches for potentially profitable trading opportunities for its trading bot to execute trades on.
Additionally, Bitcoin Trend software also allows traders to create their own automated trading bot by setting the parameters of a trade and leaving the robot to execute trades as soon as these criteria are hit.
How does Bitcoin Trend work?
Bitcoin Trend partners with regulated brokers that provide margin trading in digital currencies. Operations like deposits, withdrawals, and trades are conducted through the broker’s platform. It retrieves trading signals and delivers the trade order to the broker’s platform through an API. The broker automatically executes upon the trading signal as defined by the robot.
Bitcoin Trend key questions, answered!
Which brokers can I use with Bitcoin Trend?
The cryptocurrency bot works with a number of regulated brokers that engage in margin trading in crypto and other markets. The platforms hold official licenses and hence are also liable to follow KYC and AML guidelines. Investous and Lucrum Pro maybe some of the brokers associated with Bitcoin Trend.
What cryptocurrencies are supported on Bitcoin Trend?
Our analysis indicates that prominent cryptocurrencies are supported by Bitcoin Trend. This includes:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Ripple (XRP)
- Bitcoin Cash (BCH)
Can I use Bitcoin Trend on mobile and desktop?
Yes. Its software is available on all OS from desktop and/or laptop. You can access it through a web browser and internet connection. The robot does not have a mobile app, but you can access its services from the web browser on a smartphone.
Can I trade assets with leverage?
Yes. Bitcoin Trend partners with robots that offer leveraged margin trading in digital assets. These brokers use CFDs as the means of speculating on digital assets. In other words, rather than owning the asset itself you trade with a contract that represents its price movements.
However, we would advise you to start small and not trade with high leverage. Trading with high leverage is extremely risky and can lead to big losses if the market moves against you.
Can I open long and short positions with Bitcoin Trend?
Yes. A user can take long as well as short positions on Bitcoin Trend. This allows traders to make a profit in downtrending markets as well.
A trader takes a ‘long’ position when they expect that the price of a particular cryptocurrency will move up. A short position is when the trader bets that the price of the cryptocurrency will move down.
What are the payment methods and withdrawal/deposit limits?
To use services of Bitcoin Trend, you have to make a minimum deposit of $250 on its trading dashboard. You can enable automatic trading after the minimum amount is deposited. The available methods for deposit include bank transfer, credit/debit cards like Visa and Mastercard, Skrill, Neteller, Webmoney, and Bitcoin.
The cryptocurrency robot does not place any limits on withdrawals. The process of withdrawals is carried through the broker’s account. You have to place a request for withdrawal from the trading dashboard. The amount gets credited directly into your bank account within 24-36 hours.
Are there any costs and fees involved?
No. As per its official platform, There are no hidden charges, and no commission while using Bitcoin Trend. But our research indicates that you may be liable to pay a commission of around 2% for each trade placed through the broker’s account.
How do I get paid? What about payouts?
You can withdraw your profits directly into your bank account. A user needs to provide banking details and submit a withdrawal request. It does not pose any limits on your withdrawals and hence payouts can also be accessed on a daily basis.
What is the registration and verification process?
Registering on Bitcoin Trend is simple and can be done within 30 minutes. You have to fill a sign-up form available on its landing page. You will be asked for your basic details like name, contact number, and email address. Post verification, you can start trading or use practice with a demo account.
Also, while registration does not require ID documents, you will need to provide them along with a proof of address at the time of withdrawing funds. This is because all the brokers are regulated and comply with KYC.
What is their customer service like?
The account owners of Bitcoin Trend can access their 24/7 customer service through different modes including a live chat, phone number, and email. Prior to registering, the trading bot does not provide any options to contact its team.
Is Bitcoin Trend legit?
Bitcoin Trend does seem to be a legitimate robot but its claims of luxury cards and thousands of dollars in profit every day are very unlikely to be true.
You cannot profit on a daily basis by exclusively using the robot. A video on its official website asserts that users generate $10,000 daily from $250 minimum investment. But these claims have no substance. Its claims of being associated with famous personalities are also false.
Has Bitcoin Trend been recommended by celebrities or appeared on TV?
In our research on analysing the Bitcoin Trend robot, we found multiple claims of endorsement by leading personalities. These are not true. Below we have fact-checked the claim that three notable celebrity figures have used or promoted Bitcoin Trend.
Is it true that Bear Grylls endorsed Bitcoin Trend?
No. Bear Grylls has never endorsed Bitcoin Trend or any other robot. Bear Grylls is a British television presenter and businessman who gained popularity through his show Man vs. Wild. He has also contributed a fair share to charity and politics in his career.
Fact check: False. Looking into the rumours, there is no evidence that Bear Grylls ever endorsed Bitcoin Trend.
Is it true that This Morning uses the Bitcoin Trend website?
The reported claims of the robot being featured or used by This Morning show are false. This Morning is a British daytime television programme broadcasted in the United Kingdom. The show airs live and features news, topical items, showbiz, style and beauty, home and garden, food, health, real life and other segments.
Fact check: False. Bitcoin Trend has never been featured on This Morning program.
Has Kate Garraway publicly recommended the platform?
Kate Garraway has not recommended Bitcoin Trend. Kate Garraway is an English broadcaster and journalist for ITV News Central. She is also a presenter of Mid Mornings on Smooth Radio.
Fact check: False. Invezz could not find any connection between Kate Garraway and Bitcoin Trend robot.
How to trade with Bitcoin Trend
Bitcoin Trend has an intuitive trading dashboard that allows you to access different features for buying cryptocurrency. Its partnerships with brokers are the key to actually executing trades. You can set up things like stop-loss orders and see daily profits from within Bitcoin Trend itself.
In order to trade with Bitcoin Trend, a user needs to complete the registration process and make a minimum deposit or try its demo account. To access the cryptocurrency robot services, here are the steps for opening an account:
How to open an account with Bitcoin Trend
- Step 1: Registration. You need to successfully register and become a member of Bitcoin Trend. The process requires signing up by filling a form and verifying your email address and contact number. You will not be asked for ID documents at the time of registration.
- Step 2: Deposit Funds. A minimum deposit of $250 needs to be made in the software to enable autotrading for the robot to derive and execute crypto trades. Please note that you will be asked to complete your KYC before starting to trade through the broker.
- Step 3: Trade. You can begin to trade by feeding your manual trades or enabling autotrade feature. You can also use demo trading to get acquainted with the robot and its services.
Our top robot trading tips for beginners
Trading in cryptocurrency markets carry a certain degree of risks as the market is volatile. Sudden uptrends and downwards are common in crypto markets. With volatile market trends, it is recommended to not only rely on the robot. Even skilled traders have a difficulty of making continuous profits in the crypto markets. Here’s the advice from our team of experts for anyone getting into automated trading:
- Familiarise yourself with trading. For newcomers it is important to learn about the cryptocurrency trading space, even while using the robot. Familiarising with risk mitigation strategies will help you reduce your potential losses.
- Understand cryptocurrency space. Cryptocurrency is a complicated asset, and it is important to understand the basics of what you’re trading before signing up to a robot service.
- Use the demo account to practice. Bitcoin Trend facilitates the demo trading feature. This gives you a chance to familiarise yourself with the platform without investing your money.
- Try with small amounts and build up gradually. It is advisable to start investing in small amounts, take out a certain percentage of profit, and gradually build your portfolio.
- Only invest what you can afford to lose. There’s no guaranteed trading strategy and there will always be some risk. Do not invest all your retirement money in this robot.
There is no evidence for lots of Bitcoin Trend’s claims. While users may have benefitted from some of its features, like backtesting, the scale of profits are exaggerated.
Like many other robots, Bitcoin Trend is useful for features like demo trading. In its best light it should be looked as one option to interact with the market. No one should exclusively rely on the robot to place trades.
Bitcoin Trend robot does help in placing automated trades in cryptocurrency markets, but it is worth noting that statements and testimonials of users making overnight money in crypto markets are most certainly false. The cryptocurrency bot does use statistical algorithms to derive trading strategies, but it cannot help you profit thousands of dollars every day.
While users have benefitted with manual trading and backtesting, you must also understand crypto markets as well as trading, even though its official platform claims otherwise. From our research, we found that there are various rumours of famous personalities being associated with Bitcoin Trend. However, all these are simply marketing techniques and do not hold any truth.
Yes. It is easy to get registered and open an account for trading on Bitcoin Trend. The process requires you to sign up with your basic details and verify your email address. Please note that services of Bitcoin trend are not currently available in all jurisdictions. For instance – a trader from India cannot sign up on Bitcoin Trend.
No. The associated brokers of Bitcoin Trend offer margin trading in CFD instruments. With CFDs, you do not hold the actual asset, rather you hold a contract that tracks price movements of the underlying asset. All withdrawals are carried in fiat currencies directly into your banking account.
Bitcoin Trend does facilitate trading in crypto, but it uses unverified claims to endorse its product. Although indicated in its video, you cannot make $10,000 in 24 hours every day using Bitcoin Trend. Also, the platform does not provide substantial details on the team behind creation of its software.
With respect to automating crypto trades, yes, but you cannot become a millionaire from $250 investment using Bitcoin Trend. The robot partners with licensed broker service providers to execute trades through an API. The process of placing trades becomes automated and does not require manual intervention.
According to its official website, Bitcoin Trend offers free services to its registered members. But this information seems to be vague. It is highly likely that you will pay a commission charge of around 2% for using the broker’s website for placing and executing trades.
In order to delete your Bitcoin Trend account, you need to submit a request to broker’s and robot’s platform. Ensure that you have withdrawn your funds/ capital to your bank account. Once the funds are withdrawn, submit a request to permanently delete your account from Bitcoin Trend and assigned broker’s platform.
Official platform of Bitcoin Trend does not provide any details on the team or founder/s behind the robot. External sources claim that the robot is developed by a team of financial experts and traders. But Invezz could not find any names or verification for such claims. As of now, the identity of the founder/s behind Bitcoin Trend remains unknown.