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Review of BitQH
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BitQH is an autotrading robot that applies mathematical algorithms to enable automated trading in crypto assets like Bitcoin. Its official platform does not mention any details on the team behind the robot, and while external sources claim that the robot was developed by expert traders, our team could not gather any evidence to confirm this.
The official BitQH website boasts of users generating thousands of dollars from the use of its robot. It also advertises that it has won trading awards from the International Trading Association. In this BitQH review, we examine the services provided by the robot as well as analysing its trading performance and any evidence behind these bold claims.
Pros & Cons
What is BitQH and what can I do with it?
BitQH is an autotrading software that applies technological solutions to enable automated trading in cryptocurrencies. It uses mathematical and statistical algorithms to predict the price movements of cryptocurrency assets. The algorithms calculate the trades by applying a set of fundamental and technical indicators to digital assets.
Upon calculating, it automatically executes the order to open or close a trade without any human intervention. According to its website, the software works 0.01 seconds ahead of the market and can execute multiple trades at a much faster capacity – but this has not been proven and is highly unlikely to be true.
In addition to automated trading, the BitQH bot also provides the option of manual trading to skilled traders. Users specify their predefined criteria to open or close a trade in a specified asset. For instance – a trade to place open order when the price of Bitcoin goes to $35,000 with a stop loss of $34,800. The autotrading bot monitors market movements and places the trade if it matches the trader’s defined inputs. In this example, it would limit a trader’s losses to $200.
How does BitQH work?
Research suggests that BitQH partners with regulated brokers that support trading cryptocurrency assets. These platforms provide the services of Contracts for Difference (CFDs) in cryptocurrencies. BitQH’s robot calculates trading opportunities using its advanced algorithm tools. It sends these signals to its associated brokers through an API. The broker platform in-turn, automatically places the order without the need for human intervention.
BitQH key questions, answered!
Which brokers can I use with BitQH?
BitQH trading platform partners with regulated brokers that offer CFDs in cryptocurrency trading. Research suggests that some of these platforms include UFX and 24 Option, but they are not stated on the site.
What cryptocurrencies are supported on BitQH?
The robot offers trading in prominent crypto-assets including:
Can I use BitQH on mobile and desktop?
Yes. The services of BitQH’s autotrading bot are available on any OS via a desktop or laptop on a web browser with an internet connection. The autotrading bot does not have a mobile app, but its services can be accessed through a browser on a smartphone.
Can I trade assets with leverage?
Yes. The associated brokers of BitQH platform support leveraged trading in cryptocurrency assets. These platforms offer CFD trading in crypto, which do not hold the actual asset but follow the price movements of the underlying asset. While its official website does not provide any details on leverage, external research suggests that a leverage of 1000:1 can be used. Learn more about CFD trading with this guide.
Always remember that trading with leverage is incredibly risky and we do not recommend it for beginner investors – even when using a robot. Cryptocurrency markets are extremely volatile. Even a small movement can result in high loss with leverage if the trade does not work in your favour.
Can I open long and short positions with BitQH?
Yes. You can open long and short positions with BitQH as the partnered brokers allow margin trading. This enables traders to place trades and make profits irrespective of market trends.
A long position refers to a trader’s stance that the price of an asset will go up within a specific duration. A short position refers to a trader’s stance that the price of an asset will go down within a specific duration.
What are the payment methods and withdrawal/deposit limits?
The minimum deposit to access BitQH services is $250. The payment methods to make a deposit include Mastercard, Visa, and wire transfer. The platform enables SSL to keep transactions secure.
There are no limits placed on withdrawals in terms of amount or time duration. A user can place a request for a withdrawal from its trading dashboard. The withdrawals are credited to your bank account and the process usually takes 24-48 hours.
Are there any costs and fees involved?
BitQH does not advertise any fees, but this is unlikely to be the case in reality. As per its official website, there are no fees or commissions involved while using the services of BitQH. However, our analysis suggests that a user may be required to pay a percentage of trade as fees for trades placed on the broker’s platform.
How do I get paid? What about payouts?
Payouts can be withdrawn by placing a request on the control panel dashboard of the broker’s platform. There are no limits placed on withdrawals. The amount will be directly credited into your specified bank account.
Please note that you may not be required to submit any identification documents at the time of registration, but you have to provide and verify your identification and proof of residence documents before you start to trade and withdraw.
What is the registration and verification process?
The registration process of BitQH is simple and can be completed within a few minutes. You are required to fill a sign-up form available on the home page of its website. Basic details including your full name, phone number, email address, and country of residence are required. Following this, you will be given a verification link on your email address. You become a registered user after verification of this link.
Please note that you may not be able to register if the robot does not provide services in your country. For instance, an Indian citizen cannot sign up on BitQH.
What is their customer service like?
BitQH offers 24/7 customer service to its registered members. If you are not a registered member, you can contact them through their official email address. Registered users can access their customer service through email and phone number.
Is BitQH legit?
BitQH provides access to automated and manual trading in cryptocurrencies by employing tools that generate potentially profitable trading opportunities in cryptocurrency markets. However, the website’s claims of the robot generating $1 million in profits within two months are highly dubious and almost certainly false.
Further – while it seems that the robot does facilitate placing multiple trades at a much faster pace than human – it is not possible for the software to predict trades at an accuracy of 99.4% as claimed by its website. The official platform also asserts winning trading awards from the International Trade Association, but our research suggests that such statements are over-the-top marketing techniques and are unfounded.
While the robot can be a useful tool for trading in crypto markets, beginners should refrain from trusting all their claims. It is advisable to perform your own research before trading instead of solely relying upon the robot. Experts must also proceed with caution while using the robot as crypto markets are highly volatile.
Has BitQH been recommended by celebrities or appeared on TV?
Our extensive research revealed that a number of sources claim that BitQH has been endorsed by famous celebrities. However, our investigations suggest that such claims do not hold any truth. The cryptocurrency trading bot has not been used or publicly endorsed by any celebrity.
To help our users find accurate information, we have carried out fact checks on three claims we encountered many different times online.
Is it true that Daniel Craig endorsed BitQH?
It is not true that Daniel Craig endorsed or is affiliated with the BitQH cryptocurrency robot. Daniel Craig is a leading British actor and producer who is best known for playing famous fictional spy James Bond in the most recent films of the franchise.
Fact check: False. Despite rumours online, Daniel Craig has never recommended that people use BitQH.
Does Cillian Murphy use the BitQH website?
Some online sources assert that Cillian Murphy uses the services of BitQH website, but these claims are untrue. Cillian Murphy is an Irish actor who is well-known for his role in films including The Wind That Shakes the Barley and The Time.
Has Jim Davidson publicly recommended the platform?
No, Jim Davidson has never spoken favourably about BitQH’s platform. Davison is a prominent English stand-up comedian whois best known for having hosted the popular British television shows Big Break and The Generation Game.
Fact check: False. From our research, we could find no evidence that Jim Davidson used or recommended BitQH’s robot.
How to trade with BitQH
BitQH facilitates a user-friendly trading interface that grants access to its functionalities from the dashboard. This means that users can set up the robot to buy Bitcoin or other cryptocurrencies automatically. A user can also switch to the demo trading version to familiarise with the different features and automated trading in crypto markets. From the dashboard, you can also gather a view of all your open trades as well as your trading history.
To open an account on BitQH, follow these steps.
How to open an account with BitQH
- Step 1: Registration. To access BitQH services, sign up and become a registered member of the platform. If the services are available in your jurisdiction, you will be able to register for its services. You are not required to undergo the KYC process at the time of registration.
- Step 2: Deposit Funds. A minimum deposit of $250 is required to access autotrading functions of BitQH. Once you deposit, you can enable autotrading and the robot will automatically start executing orders. You can also use the demo version to familiarise trading using BitQH.
- Step 3: Trade. The robot calculates and derives trading opportunities if autotrading is enabled. You can also customise autotrading by setting your parameters including take profit and stop loss limits. Alternatively, a skilled trader can place manual trades by entering the conditions to open or close a trade.
Our top robot trading tips for beginners
Cryptocurrency markets are volatile. Before investing, it is necessary to understand how the markets work and how to use robot services for placing trades in the markets. Here are a couple of tips that a trader should be aware of before selecting a robot to start investing in cryptocurrency.
- Familiarise yourself with trading. It is advisable to familiarise yourself with trading before starting to invest. Do not solely rely upon the robot and perform your own due diligence before beginning to trade.
- Understand cryptocurrency space. Crypto markets function in a different manner to other financial markets. This is primarily because coin prices are generally much more volatile. It is necessary to understand the details of crypto markets before investing.
- Start with a demo account. BitQH offers the feature of demo trading. It is advisable to start trading using the demo account feature. This allows traders to navigate different functions from the control panel without risking any money.
- Start small and build gradually. Invest in small amounts. Practice and build your portfolio one step at a time. Leveraged trading is risky and it is advisable to not start by placing trades with high leverage.
- Only invest what you can afford to lose. Cryptocurrency markets carry risk. It is advisable to not invest your hard-earned money which you cannot afford to lose.
The BitQH robot is a supportive instrument that enables automatic trading in crypto markets. While its website holds bold testimonials of users generating huge profits, our research found that the robot has mixed reviews on external sources and we have been unable to verify any of the lofty claims.
It does use advanced algorithms to predict trade outcomes, but it is nearly impossible to predict trades correctly with near 100% accuracy, as stated on its website. Also, BitQH claims that traders can earn $1 million within 61 days, however, these claims are not backed up with any evidence and should not be believed.
Beginners engaging in the robot’s services should not solely depend upon BitQH for placing trades in crypto markets. Traders need to conduct their own due diligence and use the robot as a supportive instrument. Experts can use the robot to access helpful features like backtesting and manual trading.
Overall, you can use BitQH for adding some automation to trades you’re setting up manually, but you’re unlikely to see the level of success the platform advertises when relying purely on the robot.
BitQH enables automated trading in cryptocurrency markets, however, the bold statements mentioned on its website are questionable. While users have benefitted from using its services, some of its statements of users generating $1100 in daily profits are too good to be true.
Contrary to its statements, it is nearly impossible to generate profits without spending time analysing the markets. The robot does use advanced technological tools, but it has not won any trading awards mentioned on its official website.
Yes. Opening an account to become a registered user of BitQH is simple. Basic details including your phone number and email address need to be provided. However, a user need not undergo any identification process at this stage. Please note that services of the robot are not available in all jurisdictions. In this case, you may not be able to register.
No. The broker platforms associated with BitQH facilitate trading with CFD instruments. Hence, you do not hold the actual digital assets. You hold the contracts that represent a crypto asset and track its price movements. Withdrawals are therefore credited with fiat currency directly into your bank account.
BitQH does offer autotrading services, but it uses unethical promotional claims and misleads users to capture their attention. The testimonials on BitQH’s website of users producing $1100 in daily profits sound far too good to be true. There lacks enough evidence to back the bold claims asserted on its official platform.
BitQH does derive potentially profitable trading opportunities and executes upon them. However, it cannot help you become a millionaire overnight, so do not believe all the platform’s marketing claims.
In order to delete your BitQH account, you are required to submit a request through the trading interface. Before placing a request, ensure that all your funds are credited into your bank account. After submitting the request, you will be required to place another request on the broker’s platform as well.
As per its official website, services of BitQH are available for free without any commission charges. However, it is highly likely that you may have to pay a fee as a percentage of every trade executed through the broker’s platform.
It isn’t clear. The official website lacks any details on its founder or the team which developed the software. While external sources claim that it is developed by professional finance experts, our team could not gather any evidence behind it.
Fact-checking & references
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.
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >