Bitcoin Up review 2023
Investing options: 4.4
Platforms & usability: 4.6
Products, markets, & assets: 4.2
Safety & reliability: 4.7
Deposits & withdrawals: 4.3
Research & analysis tools: 4.2
Fees & costs: 4.6
Education & learning resources: 4.1
Bitcoin Up review Summary
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Our trading experts have reviewed many of the best crypto robots and on this page we look at Bitcoin Up. We have tested the software to find out how it works, if its claims of high accuracy are true, and whether the bot is a scam or 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.
Based on our research, Bitcoin Up 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 Up 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 Up?
Bitcoin Up is a trading robot designed to carry out automated trades in cryptocurrency markets. Bitcoin Up’s trading platform claims to have a success rate of 99.4% in cryptocurrency trades, which is a bold claim, especially in a volatile market such as cryptocurrency.
It uses algorithmic tools and technologies like Artificial Intelligence (AI) to analyse vast amounts of data and place trades in light of that information. The automated trading software assesses market conditions, trends, historical data, and patterns to find precise conditions for opening or closing a trade.
Apart from automated trading, Bitcoin Up’s cryptocurrency bot also facilitates manual trading for experts. Traders can input their parameters, including the asset to trade, stop loss, limits, and the price to buy or sell on the trading interface. As soon as the trading conditions are met, the robot executes the trade. This enables an expert traders to place the trades they want without monitoring market conditions 24/7.
Pros & Cons
Bitcoin Up summary
|Supported cryptocurrencies||BTC, ETH, LTC, XRP|
|Withdrawal speed||24 Hours|
|Customer support||Live chat, email, phone|
|Regulations||Yes, CySEC regulated broker partners|
About the Bitcoin Up platform
How does Bitcoin Up work?
The Bitcoin Up software has partnered with various brokers across multiple jurisdictions and uses an API to place trades with those platforms after analysing the market. The robot first assesses vast amounts of data and retrieves optimum trades under present marketing conditions.
Through the use of an API, it sends the trading signals to the broker platform, which further executes the order. The execution is automated and does not require human intervention. The Bitcoin Up platform can also be customised by traders to automate their own strategies.
What assets and products can be traded on Bitcoin Up?
Bitcoin Up is a crypto trading robot, so it only allows you to trade prominent crypto assets. The available cryptocurrencies include:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
How much does Bitcoin Up cost to use?
The official website of Bitcoin Up claims no hidden fees, trading fees, or brokerage fees are involved while using its services. However, while testing the Bitcoin Up platform, we incurred transaction and commission fees from the brokerage platforms we used. Fees for using Bitcoin Up in the crypto market range between 1% – 2% for each trade the bot makes. Fees for using the trading software in traditional financial markets such as trading forex, are similar to the crypto market.
What are the payment methods accepted by Bitcoin Up?
To use the services of the Bitcoin Up trading software, you need to make a minimum deposit of $250 into your account before you can start trading. The available methods for depositing funds include debit/ credit cards, Western Union, Wire Transfer, and e-wallets such as Skrill and Neteller. Here is a list of all available payment methods accepted by Bitcoin Up.
- Credit card
- Debit card
- Western Union
- Wire transfer
Is there a Bitcoin Up app for both mobile and laptop computers?
Yes, you can access the Bitcoin up trading software via its mobile app. The Bitcoin Up mobile app can be downloaded onto both Apple and Android devices and you can control your risk parameters from your mobile device. You can still access the trading platform from a web browser if you do not want to download the Bitcoin Up app.
Below is a list of devices you can use Bitcoin Up on:
- Desktop computer
Bitcoin Up key features
The Bitcoin Up trading software shares many similarities with other Bitcoin robots, but it does have some features that make it unique, which you can find below.
Advanced trading system
The Bitcoin Up trading system uses complex and advanced algorithms and artificial intelligence to predict where crypto prices will move next. Its software uses these features to quickly and accurately trade the price of Bitcoin and other prominent crypto coins.
Dedicated personal account manager
Once you’ve signed up with Bitcoin Up, you will get access to a dedicated account manager who will be there to help you with any questions. Your account manager will also guide you on the best set up of the trading software and how to use your trading account.
Bitcoin Up has been designed for both newbies and seasoned crypto traders. Its software is extremely easy to use and set up. Experienced traders can also customise it to automate their trading strategies.
Bitcoin Up free demo account
Demo accounts are the best way to practice and test robots without risking any money. The Bitcoin Up software demo account is free and you can use it to see if the botis the right fit for your requirements and your trading skills.
Which brokers can I use with Bitcoin Up?
Bitcoin Up partners with regulated brokers that offer CFD trading instruments in crypto markets. The robot partners with some of the popular brokers include EuropeFX and 24Option.
Can I trade assets with leverage?
Yes, the brokers that Bitcoin Up is partnered with all offer leverage. The amount on offer varies from platform to platform, but the highest amount of leverage you can obtain is 1000:1. This means for every £1, you can trade with £1000 – you won’t be required to deposit large amounts of money when using leverage.
Trading with higher leverage is risky, especially in cryptocurrency markets, as they pose greater price volatility. We advise against trading with leverage for inexperienced investors and against allowing automated software to place leveraged trades on your behalf. A trader stands to lose all their capital if the trade does not work in their favour.
Can I open long and short positions with Bitcoin Up?
Yes, with Bitcoin Up, you can open long and short positions. It partners with brokers that enable traders with options to go long or short.
For a beginner, a long position in the trading market refers to a bet placed on a market moving up, and a short position refers to a bet placed on a market moving down.
How do I get paid? What about payouts?
You can withdraw your profits or capital anytime. These payouts can be directly credited to your bank account. Since there are no limits, you only need to submit a withdrawal request. You will be required to provide your identification documents and bank details for payouts.
What is Bitcoin Up’s customer service like?
Bitcoin Up offers various options to contact their customer support team. Their team is available 24/7 and you can contact them via customer form, live chat option, and email. Here is a full list of available customer support methods for Bitcoin Up.
- Live chat
- Online web form
Safety and security
Is Bitcoin Up safe to use?
Yes, during our testing of the trading platform, we found no issues with safety. The Bitcoin Up system doesn’t control any of your money; you deposit with its partner brokers. Its partner brokers are regulated firms and adhere to strict security rules. The Bitcoin Up website offers SSL encryption and also anti-virus and anti-phishing protection.
Is Bitcoin Up regulated?
The Bitcoin Up software is not regulated itself; however, the brokers it has partnered with are licenced by CySEC. When you use the automated software in the Bitcoin trading market, you’ll be covered by one of Europe’s largest and best-known regulators.
Is my money protected on Bitcoin Up?
You don’t deposit any money with the Bitcoin Up account, rather you deposit funds with one of its partner brokers. As we just mentioned, its partner brokers are regulated by CySEC, one of Europe’s largest regulatory bodies. One benefit of trading with a CySEC-regulated broker is the compensation scheme on offer, which protects your money if a broker was to go bust.
Who owns Bitcoin Up?
As the popularity of Bitcoin Up has increased, many rumours have started on online forums claiming that a well-known celebrity figure owns the trading robot. Our team could not find any information supporting these claims, nor could we find the names of Bitcoin Up’s owners.
Our investigation did uncover that the trading platform was created by a team of crypto traders and software developers. As is common for many similar trading robots, the owners have remained anonymous as privacy in the crypto world remains an important feature.
What is the registration and verification process?
The first step to registration requires a user to fill in basic details, including name, email address, and contact number. At this point, you do not need to submit any ID proof. The verification takes a few minutes, after which you can log in.
How to start trading with Bitcoin Up
Step 1. Create an account with Bitcoin Up
To register on Bitcoin Up, you must fill out a signup form with all your basic details. After you complete the verification, you will become a member of the platform and can start to use its services.
Step 2. Make minimum deposit of $250
Once you’ve created your account, Bitcoin Up will allocate you a brokerage account. You must register an account with your allocated cryptocurrency broker by following the onscreen instructions. Next, just deposit $250 to get started.
Step 3. Set up your Bitcoin Up trading system
Once you have your accounts up and running, it’s time to set up The Bitcoin Up trading system. As we mentioned earlier, Bitcoin Up is very user-friendly and adjusting settings is a simple task.
Step 4. Adjust risk management settings
To make sure you don’t lose too much money it’s recommended you adjust the risk management settings for the robot. If you want to gamble then you can set it high, although it’s best to start slowly and build as you go along.
Step 5. Start investing with Bitcoin Up
If you have enabled autotrading, the Bitcoin Up trading account will automatically start finding trading opportunities. In manual trading, you have to set parameters for the entry or exit of a trade before the technology starts to work.
Has Bitcoin Up been recommended by celebrities or appeared on TV?
There have been a variety of assertions that Bitcoin Up has been promoted by famous celebrities or discussed on TV shows in multiple countries. We have looked into these claims, with some of our findings listed below.
Below you can find our fact checks of the three claims that are most often made about various celebrities recommending the Bitcoin Up platform.
Is it true that Paul McCartney endorsed Bitcoin Up?
There are some stories floating around online that Paul McCartney has recommended people to use Bitcoin Up, but these are all false. One of the most famous musicians alive, Paul McCartney is best known as being the bassist and co-lead-singer of the British 1960s rock band, The Beatles.
Fact check: False. Paul McCartney has never endorsed Bitcoin Up.
Does Peter Lim use the Bitcoin Up website?
Famous Singaporean businessman Peter Lim does not use this crypto robot website. Peter Lim made the majority of his $2 billion through selling his shares in the holding company Wilmar and other high-profile stock trades. Today he is a well-known philanthropist and owner of La Liga football team Valencia CF.
Fact check: False. Reports that Peter Lim uses Bitcoin Up are untrue.
Has Phillip Schofield publicly recommended the platform?
No, Phillip Schofield has never spoken publicly about Bitcoin Up. Phillip Schofield is a familiar face on UK television, hosting the popular ITV breakfast show This Morning. He is also known for queue jumping to see the Queen.
Fact check: False. We found no evidence that Phillip Schofield has ever recommended this cryptocurrency robot.
Is there a Bitcoin Up 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:
- Immediate Momentum is a trading bot that uses machine learning to trade Ethereum and other ERC-20 cryptocurrencies.
- Immediate Connect is a crypto auto trader with a trading system that’s easily adjustable to suit top cryptocurrencies and altcoins alike.
- Bitcoineer is a crypto bot that uses a combination of artificial intelligence, machine learning, and natural language processing to identify and place trades.
- Altrix Edge is a cryptocurrency trading bot that offers signals and automated trading for cryptos on the Ethereum blockchain.
- Immediate Bitwave is a crypto auto trader with a trading system that’s easily adjustable to suit top cryptocurrencies and altcoins alike.
- Trader AI is a fully automated crypto robot that uses advanced technology to craft highly optimised trading strategies on crypto, stocks, and more.
Our top robot trading tips for beginners
- Familiarise yourself with trading. Cryptocurrency trading requires knowledge of both cryptocurrency and trading. Hence, it is necessary for a trader to familiarise themselves with different factors like blockchain technology, trading risks, losses, trading instruments, etc before making any investment. Never trade anything you don’t understand.
- Understand cryptocurrency space. The market of cryptocurrency is new and it is volatile as compared to other markets. Research and understand the space and crypto markets before starting to trade.
- Practice with a demo account. Most of these robots, including Bitcoin Up, have a demo account function for traders to practice live trading. Our advice is to start with demo practices to acquaint with the experience of crypto trading with a robot.
- Start small and build gradually. Start with small amounts and gradually build your capital. You don’t want to risk too much at any one time and it’s always best to gain both profits and skills at the same time.
- Only invest what you can afford to lose. Trading, especially in cryptocurrency markets, puts your money at risk. Make sure you’re financially secure even if your trades were to go wrong.
Our final verdict on Bitcoin Up
Bitcoin Up is an automated cryptocurrency trading bot that can benefit some traders or investors. While the services of the robot can be used as part of a trading strategy, you should not be completely dependent upon it. Statements of users generating profits of $1200 daily cannot be verified – you will not see profits like these if you use Bitcoin Up.
Additionally, there are no influential personalities or celebrities associated with the platform, even though the robot’s website seems to suggest there are. A beginner should not purely rely upon the software. Instead, you need to conduct your own research and understand the cryptocurrency space before making an investment.
A seasoned trader can use the robot to access some of its services that can benefit in perfecting their strategies. They can backtest their present strategy and compare it with past historical data through the website’s control panel. Before you start trading, you need to understand how the crypto space works, invest carefully, and start slowly.
Methodology: how we scored this Bitcoin Up review
Every cryptocurrency trading robot review on our website follows the same rules when evaluating the platform. In the case of this Bitcoin Up review, we first created a free account and made an initial deposit of $250. We then connected our Bitcoin Up 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.
Bitcoin Up’s software does enable auto-trading in cryptocurrency, but many of the website’s claims about its effectiveness are misleading. The platform’s bold statements of becoming a millionaire with this robot are dubious, and its testimonials of people earning $1200 in profits each day are unverified and most likely untrue.
Additionally, the website’s interface matches a number of other robot’s interfaces, meaning it lacks the feeling of a totally unique service. While it does offer assistance with automated and manual trading, a user should research the space and refrain from believing everything claimed by Bitcoin Up.
Yes, opening an account on Bitcoin Up is easy and the process of registration can be completed within 30 minutes. To open an account, a user needs to submit details including full name, mobile number, your country, and email address on the sign-up form available on the top right corner of the website. Please note that users may see an ‘error message’ in case if the services of the robot are not available in their country.
No, withdrawals are made in fiat currency. Withdrawals of your payouts can be made by filling a withdrawal request form, and the amount will be credited directly to your bank account. Bitcoin Up’s robot places trades with brokers who trade cryptocurrencies using CFDs, meaning no actual cryptocurrency is being transferred. This is the reason payouts are in fiat currencies.
The trading robot offers services that users can benefit from, but it uses over-the-top marketing techniques and claims users make huge profits without providing any evidence. Additionally, its website gives an impression of its affiliation with personalities like Bill Gates; this is completely false, and we could find no evidence of influential personalities who promote Bitcoin Up.
In terms of automatically executing cryptocurrency trades, yes; but you cannot become a millionaire using this robot in the way claimed by the website. Bitcoin Up has partnered with regulated brokers that offer cryptocurrency trading services, and it automatically executes trading signals through these brokers. However, please be mindful that even experts cannot attain the level of profits as mentioned on its website through robots alone.
Bitcoin Up is free to use. According to its website, there are no hidden costs or charges to leverage the services they offer. However, you will be required to pay a charge that goes towards opening or closing trade on each broker’s platform.
Before deleting your account, ensure that you have withdrawn your profits to your bank account. To delete your account, you need to submit a request to the broker’s and the robot’s platform.
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