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Our cryptocurrency analysts are experts when it comes to robot platform reviews and on this page, we take a look at Bitcoineer. The automated trading system has made many claims on its website, including an accuracy rate of 99% in cryptocurrency trades. This review investigates the services offered by Bitcoineer and helps you decide if it’s 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, Bicoineer 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 Bitcoineer 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.
Pros & Cons
What is Bitcoineer?
Bitcoineer is an automated tool designed to analyse trends and signals in the cryptocurrency market to gain insight into the best trading strategy. It automatically opens and closes trades in microseconds and eliminates human emotions like fear or greed that can hamper a trader’s decision-making and ability.
Additionally, the Bitcoineer platform provides its services to experienced traders by enabling them to test out their trading strategies, and assisting traders in their day-to-day jobs. Moreover, an experienced trader can leverage the auto trading application to manually enter their customised trades and allow the robot to execute trades automatically when the market moves to match the criteria set by the trader.
|Supported cryptocurrencies||BTC, ETH, LTC, XRP,|
|Customer support||Email, Live chat, Phone|
|Regulations||CySEC regulated brokers|
About the Bitcoineer platform
How does Bitcoineer work?
It operates through connecting with brokers that offer trading in cryptocurrency, who can then action the trades determined by the robot. An Application Program Interface (API) is the intermediary that connects the robot to the broker.
After deriving an optimal point to open or close each trade, the robot instantly sends data to the broker through this API. In turn, the broker executes that particular cryptocurrency trade, instantly happening the whole process.
What assets and products can be traded on Bitcoineer?
Trading robots don’t typically have the same range of cryptocurrency trading options that you can find on other platforms such as exchanges. The following cryptocurrencies are currently supported with you Bitcoineer account:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Ripple (XRP)
In addition to this, the trading platform also offers to trade cryptocurrency pairs, including BTC/USD, ETH/USD, BTC/EUR, and crypto/crypto among others.
How much does Bitcoineer cost to use?
The Bitcoineer app does not charge any registration charges or fees for using its services. Although when using the trading software, you must sign up with one of its partner brokers. These brokerages charge 1% – 2% commissions for each trade the bot makes in your account.
What are the payment methods accepted by Bitcoineer?
To begin trading with your Bitcoineer account, you must make an initial minimum deposit of $250. This can be done using payment methods of Skrill, Merchant Pay, Visa, Mastercard, Safepay, and Giropay. Here’s a full list of available payment methods for the Bitcoineer app.
- Credit card
- Debit card
- Bank transfer
Is there a Bitcoineer app for both mobile and laptop computers?
Yes. It can be accessed via a browser on either a desktop or mobile device. You can use it on any operating system so long as you have an internet connection. You can download the Bitcoineer mobile app for Android and Apple devices. That said, the website’s functionality is better on a laptop or computer than on a smartphone. The Bitcoineer account can be used on the following devices.
- Apple devices
- Android devices
Bitcoineer key features
The Bitcoineer trading platform has several features that make it unique and below, we’ve explained a few of the key ones.
Advanced trading system
The Bitcoineer app uses advanced algorithms to decide when to enter and exit the market. Its AI technology is combined with super-fast execution speed resulting in near-instant buying and selling at profitable prices.
Use Leverage with Bitcoineer
You can use the Bitcoineer software with its partner brokers who offer leverage up to 1000:1. For every £1, you can access up to £1000, allowing you to trade much larger positions than you have money in your account.
Use on other assets, including forex trading
Despite its name suggesting it’s a Cryptocurrency only platform, Bitcoineer works on other markets and can use for forex trading and index trading. This makes it one of the most diverse robots, and it’s easy to trade different asset classes.
Bitcoineer free demo account
One of the best features of the Bitcoineer app is its free demo account. You can test all of the trading robots’ features without risking your own money before moving to a live trading environment. Demo trading Bitcoineer is an excellent way to learn if the bot is right for you.
Which brokers can I use with Bitcoineer?
As can be found on their website, the Bitcoineer platform has partnered with reputed and reliable brokers. Some of which may include Investors and EuropeFX. All transactions are encrypted to provide security to the user.
Can I trade assets with leverage?
Yes, Bitcoineer partners with regulated brokers to offer leveraged trading to its users. Since a user is trading through speculation on the price of bitcoin rather than trading actual bitcoins, there is no need to have access to a bitcoin wallet and leveraged trades can be made with fiat currency.
Please note that trading with leverage is risky and, if not exercised appropriately, can also lead to huge losses in a short time. Do not attempt leveraged trading before doing detailed research.
Can I open long and short positions with Bitcoineer?
Yes, you can open long and short positions on Bitcoineer. A seasoned trader can also open manual positions that are not automated by Bitcoineer using the option of manual trading.
A ‘long’ position is when a trader believes the price of a certain cryptocurrency will rise. A ‘short’ position is when the trader instead speculates that the price will fall.
How do I get paid? What about payouts?
To withdraw your capital or profits, you must first submit a withdrawal request along with your bank account details in your Bitcoineer account. At this point, you will also be asked to submit your proof of identity and proof of residence; this is to ensure compliance with anti-money laundering legislation.
There are no limits on accessing payouts, so you can make daily withdrawals if you want. This process usually takes up to 24 hours.
What is Bitcoineer’s customer service like?
Before registering on the Bitcoineer trading platform, you can submit your query through a contact form. After registration, you can access their customer service 24/7 via e-mail. Here’s a list of the different ways you can contact Bitcoineer’s customer service.
- Live chat
- Online contact form
Safety and security
Is Bitcoineer safe to use?
Yes, while testing the Bitcoineer trading platform, we found no issues with security. Bitcoineer works by using SSL encryption and anti-virus and anti-phishing measures to keep users safe. Its partner brokers are also all regulated, which means they adhere to strict rules regarding security.
Is Bitcoineer regulated?
Yes, the Bitcoineer trading platform is regulated by CySec, the Cyprus Securities and Exchange Commission. CySec is a well-respected financial regulator which provides investor protection up to €20,000 per person in case the platform goes bankrupt.
Is my money protected on Bitcoineer?
You do not deposit any money with the Bitcoineer trading platform; instead, you deposit funds with its partner brokers. These brokers take special precautions when it comes to protecting your funds.
Your money is kept in a segregated bank account, meaning the broker cannot access it to conduct business. Brokers are also licensed by CySEC and offer compensation schemes. So if a broker were to go out of business, your money would be protected up to certain limits depending on your location.
Who owns Bitcoineer?
The Bitcoineer website provides no information about the names of its owners or creators. Various online forums and reviews have tried labelling several high-profile people as Bitcoineer owners. However, our investigators could find no supporting evidence to back these claims up.
Our investigation into the Bitcoineer trading platform did find that the trading platform was, in fact, created by a team of mathematicians, traders, and software developers, with many years of experience. Although their names are kept hidden, it is common for trading software developers to remain anonymous, especially in the cryptocurrency space.
What is the registration and verification process?
You can sign up by providing basic details, including your name, email address, and contact number. It is free and simple. Also, there is no need to provide any identification or proof of your residence documents until the point at which you wish to withdraw funds. Your account will be verified within a few minutes of signing up.
How to start trading with Bitcoineer
Step 1. Create an account with Bitcoineer
Before you can start using the robot, you will need to create an account on the Bitcoineer website. This quick and easy process will only take a few minutes. You will need to provide your basic contact information, including your email address and phone number.
Step 2. Make a minimum deposit of $250
To start autotrading, you must make a minimum deposit of $250 in the trading interface. Alternatively, you can use the Bitcoineer demo feature to navigate different options from its trading dashboard.
Step 3. Set up your Bitcoineer trading system
Now that you have your trading account registered, it’s time to set up the robot. The Bitcoineer trading software has many settings you can adjust, including what crypto pairs or forex pairs you want to trade. You should take your time at this stage to make sure the bot is running smoothly.
Step 4. Adjust risk management settings
To ensure you don’t lose your money, you must adjust your risk management settings. It’s recommended you start off slow and you can always increase your risk as the Bitcoineer trading system starts making profits.
Step 5. Start investing with Bitcoineer
Before you start investing with Bitcoineer, you may want to consider using a demo trading account. By doing this, you get the chance to test the cryptocurrency bot in live market conditions without risking any live funds.
Has Bitcoineer been recommended by celebrities or appeared on TV?
We could not verify any claims about celebrities endorsing Bitcoineer. Articles online that assert that such figures have recommended the platform do not provide any evidence to support their claims, and so there is no reason to believe they are correct.
To help guide our users through the misinformation flying around, we have conducted fact checks on the three most often-found claims about celebrity recommendations of Bitcoineer.
Is it true that Elon Musk endorsed Bitcoineer?
Some online news sites have claimed that Elon Musk is a fan of the Bitcoineer website, but our researchers could find no evidence that this is true. Elon Musk is a famous and controversial billionaire and is most well-known for his success with electric car manufacturer Tesla and space exploration project SpaceX.
Fact check: False. We found no proof of Elon Musk ever mentioning Bitcoineer.
Does Jeremy Clarkson use the Bitcoineer website?
No, Jeremy Clarkson does not use this crypto investing platform. Jeremy Clarkson is one of the world’s most famous television presenters and former host of the hugely successful BBC series Top Gear. After leaving Top Gear in 2015, Clarkson has gone on to host another motoring show entitled The Grand Tour with Amazon; the show also features his former Top Gear co-hosts Richard Hammond and James May.
Fact check: False. There are rumours online that Jeremy Clarkson has used Bitcoineer, but these are unfounded and untrue.
Has Jim Davidson publicly recommended the platform?
Jim Davidson has never spoken about this crypto trading robot in the press or on his shows. Davidson is a famous English comedian who has attracted criticism over the years for his controversial jokes about minority groups. He is the former host of huge television successes, The Generation Game and Big Break.
Fact check: False. Any reports linking Jim Davidson and Bitcoineer are false.
Is there a Bitcoineer alternative?
If the Bitcoineer autotrading software does not convince you, there are many other options for you to explore. Here’s a list of alternative crypto bots you can use.
- Bit Index AI automatically uses artificial intelligence to identify profitable trading opportunities and send them to partner broker platforms.
- Bitcoin Motion is an Autotrader that focuses mainly on the changing price of Bitcoin, but the software can also be used on other coins.
- Immediate Edge trades the whole cryptocurrency market, including big names like Bitcoin. It’s also one of the most popular bots around.
- Ethereum Code is one of the few crypto trading robots that trade coins operating on the Ethereum blockchain, particularly ETH.
- Oil Profit takes trades in the commodities market, with a special focus on the price of oil and is a top option to diversify your robot strategy.
Our top robot trading tips for beginners
You should familiarise yourself with knowledge of both trading and cryptocurrencies before signing up for services such as Bitcoineer. Trading cryptocurrencies is complicated, and these are the five steps our experts recommend should be followed.
- Familiarise yourself with trading. If you are a beginner, make sure that you understand the basic schematics of cryptocurrency trading before choosing to use any robot. An expert can use this as a tool to fine-tune their trading strategy, but just because the service is automated, it doesn’t mean you should use it with no knowledge.
- Understand cryptocurrency space. Before trading a cryptocurrency, such as Bitcoin, you should ensure you have a good knowledge of it and its value.
- Practice with a demo account. It is advisable that whenever you sign up for a new platform, you use their demo account to familiarise yourself with the services offered. This way, you can set up trades and assess your trading performance before putting your hard-earned cash into the system.
- Start small and build gradually. Always start trading in a small amount and gradually build your trading portfolio. Take out a certain percentage of profit each time to lower the risks. Trading success doesn’t happen overnight, and by keeping an eye on the long term, you’ll have a better chance of maximising the growth of your investments.
- Only invest what you can afford to lose. The first and the last rule of trading is only investing what you can afford to lose. The cryptocurrency market is extremely volatile and money can be made and lost quickly, so ensure you don’t take unnecessary risks.
Our final verdict on Bitcoineer
Bitcoineer’s automated trading software can be set up by traders to be used as an efficient tool in a trading strategy, but you will want to take the time to set it up properly to ensure this process happens effectively.
Any beginner should not use Bitcoineer’s robot as their sole interaction with the cryptocurrency market. It’s always a good idea to do your research and use a variety of ways to trade cryptocurrencies. Robot trading doesn’t guarantee profits, but skilled traders do find them useful.
This robot can be used by experienced traders to automate their strategies. Bitcoineer can be customised to fit your own requirements, so it can make a good addition to your overall strategy. That being said, relying solely on Bitcoineer is not recommended and before you start, you should understand and accept the risks involved.
Methodology: how we scored this Bitcoineer review
Every cryptocurrency trading robot review on our website follows the same rules when evaluating the platform. In the case of this Bitcoin Evolution review, we first created a free account and made an initial deposit of $250. We then connected our Bitcoin Evolution 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.
Bitcoineer does offer automated trading services as it describes, but it makes a lot of unverified claims about its effectiveness. Its official website makes a number of false claims, such as having been endorsed by notable figures such as Warren Buffet, which is completely untrue. It also features testimonials from users who claim to have made a lot of money in a very short space of time, with us being unable to verify these statements.
Yes. Opening an account to use services of Bitcoineer is easy and can be done in a few simple steps. A user needs to submit their name, contact number, and email address on the registration form available on the platform’s home page. At this stage, you do not need to provide identification documents (you will need to submit these if you wish to withdraw funds). Currently, the services of Bitcoineer are not available in all the countries and you might not be able to access the platform depending upon your location.
No. While Bitcoineer facilitates trading in popular cryptocurrencies, withdrawals are processed in fiat currency. A user needs to fill a withdrawal on the partnered broker’s platform in order to withdraw funds, with payouts made in fiat currency into the user’s bank account.
The Bitcoineer platform does facilitate automated trading to its users, but at the same time indulges in questionable marketing practices. Claims that celebrities and investors have endorsed the platform are untrue, and testimonials from users who have made a fortune are very hard to believe.
In terms of the robot enabling automated cryptocurrency trades, yes as far as we can tell. However, the claims of earning millions from Bitcoineer are too good to be true. The robot does scan the market in order to derive optimal entry and exit points in each cryptocurrency trade, and further executes trades bypassing the relevant data to a broker’s platform without the need for manual processing. It also allows experienced users to place trades manually or set parameters for the robot.
There are no direct fees or commission rates that the robot charges users. But, a user might be charged a fee at the broker’s platform for using its services and for making withdrawals.
In order to delete your Bitcoineer account, the first step is to withdraw your funds from the broker’s platform. After that, submit a request to delete your account from both the platforms (the robot as well as the broker).
Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.
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