BitQT review

With BitQT you can set up a robot to buy and sell cryptocurrencies automatically on your behalf. This comprehensive review looks at the site's security, fees, and customer service offering.
By: Pooja Kadia
Pooja Kadia
Pooja is a financial writer for Invezz. She has held the positions of Content Head at more than 7 companies. She… read more.
Updated: Feb 2, 2023
4/5 Star rating
21 min read
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Our robot reviews explore the various claims made by software vendors and on this page, we look at BitQT. We investigate claims of its high success rate in the cryptocurrency market and you can use this in-depth review to learn if BitQT 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.

Pros & Cons

Pros:

Trading interface is easy to use for beginners
Registration is easy and fast
No limits on withdrawals
No fees or commission charged

Cons:

What is BitQT ?

BitQT is an automatic trading robot that uses Machine Learning (ML), Natural Language Processing (NLP), and other technologies to place trades on the crypto markets. The robot uses sophisticated tools to analyse historical data, market trends, and the latest news to find potentially profitable trades. It executes these trades without the need for human intervention. 

In addition to this, experienced traders can also enable manual trading. With a BitQT account, traders need not constantly monitor markets 24/7 to find precise conditions for opening or closing a trade. Instead, a user can enter various parameters and conditions at which the trader would like to open or close their position (such as if Bitcoin reaches a specified price). The trading bot will execute the trade automatically when those conditions are met.

FeatureBitQT
Supported cryptocurrenciesBTC, ETH, AVAX, XRP, LTC, BCH
FeesNo fees
Success rate96.4%
Minimum deposit$250
Mobile app?Yes
Withdrawal speed24 hours
Demo account?Yes
Leverage availableYes
Customer supportLive chat, email, phone
Verification requiredYes
RegulationsCySEC regulated brokers
More BitQT account features >

About the BitQT platform

How does BitQT work?

The BitQT trading robot works with regulated brokers to execute cryptocurrency trades, connecting to these brokers via an API. The auto trading robot passes trading signals to a partnered broker, which executes the trade without the user’s intervention. 

According to its website, the software is 0.01 seconds ahead of the market and uses this advantage to make profitable trades. Once again, however, this claim is not backed up with evidence.

What assets and products can be traded on BitQT?

The BitQT trading system offers several of the largest crypto market coins. Here are a few of the most prominent:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Ripple (XRP)

How much does BitQT cost to use?

As stated on BitQT’s official website, there are no hidden costs or commissions involved in using the robot’s services for cryptocurrency trading. Although to use the trading software, you will be required to sign up with its partner brokers, who charge between 1% and 2% in commission. 

What are the payment methods accepted by BitQT?

You can access the services of BitQT trading robot by depositing a minimum of $250 to enable autotrading. For depositing funds, the payment methods available include credit/debit cards, Visa, Mastercard, Neteller, and Maestro. Here’s a full list of available payment methods of BitQT 

  • Visa
  • Mastercard
  • Debit card
  • Credit card
  • Bank transfer
  • Skrill
  • Neteller
  • Webmoney

Is there a BitQT app for both mobile and laptop computers?

The software can be accessed through a browser on a desktop or laptop. The platform also has a dedicated mobile app. You can download the BitQT app onto any iOS or Android device. You can access its software via your mobile web browser if you do not want to use the BitQT app. 

BitQT key features

The BitQT 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 BitQT trading robot 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 analyse market data and trade the price of Bitcoin and other prominent crypto coins. 

BitQT free demo account

One of the best features of the BitQT automated trading bot is its free demo account. You can test all the trading robots’ features without risking your own money before moving to a live trading environment. Demo trading is an excellent way to learn if the bot is right for you. 

User-friendly software

The BitQT software has an extremely easy-to-use interface and its software requires little technical knowledge to set up. You can set up the robot’s trading parameters in less than half an hour and adjust them whenever you like. 

Trade with leverage

Not all cryptocurrency bots let you trade with leverage, but with the BitQT trading robot, you can obtain up to 1000:1. This means for every £1, you get to trade with £1000, so you can greatly increase your profits. Although it must be said leverage can work against you, so you should use it cautiously.

Which brokers can I use with BitQT ?

BitQT has partnered with regulated brokers that offer trading services in cryptocurrency markets. While its website does not mention the names of brokers, it may include popular brokers like EuropeFX and 24Option who both offer the bitcoin market. 

Can I trade assets with leverage?

While the BitQT website does not mention the leverage ratio, you must use its partner brokers to access the auto trading platform. Its partner brokers offer leverage up to 1000:1, which means you for every £1, you can trade £1000. 

We strongly advise against trading with leverage for new traders. Leveraged trading is something that should only be undertaken by experienced traders, as losses can rack up quickly if the markets move against you. Allowing an automated service to make leveraged trades on your behalf is risky, as you could lose a lot of money fast with no control over the trades.

Can I open long and short positions with BitQT ?

Yes, you can open long and short positions on the BitQT software and make money even when the asset price is moving downwards. 

A long position in crypto trading refers to a trader wagering that the price of an asset will move upwards, while a short position refers to a trader wagering that the price of an asset will fall.  

How do I get paid? What about payouts?

Payouts from BitQT can be directly credited into your bank account. You must submit a request form from the trading interface to initiate a withdrawal. As there are no limits to withdrawal amounts, you can take payouts daily as well. Please note that in order to make withdrawals, you will be required to submit your bank details and your identification documents. 

What is BitQT ’s customer service like?

Before registering on BitQT, you can contact their customer service through a contact form that is available on its official website. After you are a verified member, you can access customer service through email and live chat options. Here’s a full list of customer service methods for BitQT. 

  • Email
  • Live chat
  • Phone
  • Online contact form

Safety and security

Is BitQT safe to use?

While testing BitQT, our experts found the trading software safe. BitQT offers good protection for its users, including SSL authentication, anti-virus, and anti-phishing measures. Its partner brokers also have advanced safety features and comply with local regulatory requirements. 

Is BitQT regulated?

No authority regulates BitQT itself; it’s a trading software and there are no requirements for it. It does partner with brokers who are regulated and licensed in Europe by CySEC, which is one of the leading regulators within the region. 

Is my money protected on BitQT?

When you use BitQT, you do not deposit any money with the trading platform, rather you deposit funds with one of its partner brokers. As previously mentioned, its partner brokers offer strong regulation from the CySEC governing body. 

Part of CySEC’s benefits is a compensation scheme, which is in place to protect traders if a broker was ever to go out of business. So by using the BitQT trading platform, you’ll have the backing of CySEC compensation, which may mean you will be compensated if the broker you’re using goes bust, although this will likely depend on where you are located. 

Who owns BitQT?

The official BitQT website lacks any information about the owners and creators of the cryptocurrency robot. Many rumours online have surfaced claiming BitQT is owned by a well-known celebrity. However, there has been little evidence to support this. 

During our investigation into the BitQT app, our experts discovered the platform is owned by a team of cryptocurrency traders and software developers with many years of experience. It is common practice for developers of trading robots to remain anonymous, especially in the crypto space, where privacy is an important factor. 

What is the registration and verification process?

The registration process involves providing basic details like your name, contact number, and your email address. You will then receive a link to your provided email address for verification. This process does not take more than 30 minutes. However, please note that its services are not available in all countries.

How to start trading with BitQT

Step 1. Create an account with BitQT

Head over to the BitQT website and fill in the registration form on its home page. This very quick step will only take a few minutes as you’re just required to provide your basic contact information.

Step 2. Make a minimum deposit of $250

To start autotrading, you have to make a minimum deposit of $250 in the trading interface. Alternatively, you can use its demo feature to navigate different options from its trading dashboard.

Step 3. Set up your BitQT trading system

The BitQT trading platform has many settings you can change to fit your requirements. You can choose what coins you wish to trade, how often you want the bot to trade, and several other parameters. Taking your time at this stage is important so you won’t need to make many adjustments later.

Step 4. Adjust risk management settings

Before you let the BitQT trading system start trading on your account you should take the time to adjust its risk management settings. This is an important step because it can help protect you from losing too much money. Start slow and increase your risk if you feel comfortable.

Step 5. Start investing with BitQT

If you have enabled autotrading, the BitQT 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.

In recent years many stories have emerged online linking BitQT to famous investors and notable celebrities – along with claims that the platform has been promoted on television. These claims are not backed up with any evidence, and Invezz can find no reason to believe that any of these claims are true.

Below are three quick fact checks of the claims most often made about different influential figures being linked to BitQT.

Is it true that Mel Gibson endorsed BitQT?

Reports that Mel Gibson has told fans to use the BitQT website are false, the famous American actor has never spoken about the platform. Mel Gibson is a famous American film star, best known for his appearances in Mad Max, Braveheart, and the controversial hit The Passion of the Christ.

Fact check: False. Our researchers could find no evidence of Mel Gibson talking publicly about this crypto website.

Does Mike Hosking use the BitQT website?

No, Mike Hosking has never used this crypto trading website. Mike Hosking is a familiar face on New Zealand television, hosting “The Mike Hosking Breakfast” every weekday morning on Newstalk ZB. He is a controversial figure who has been the subject of several complaints upheld by the Broadcasting Standards Association (BSA).

Fact check: False. Mike Hosking does not use the BitQT website.

Many websites have claimed that Morten Harket is associated with the BitQT website, but these claims turn out to be untrue. Morten Harket is a Norwegian musician most prominently known as the lead singer of the band A-ha. The band is still recognisable internationally through their 1985 smash hit “Take On Me.”

Fact check: False. Despite claims to the contrary, Morten Harket has never endorsed BitQT.

Is there a BitQT alternative?

If BitQT does not convince you, there are a range of different robots available and below, we’ve provided some information on the top-rated ones around. 

  • Ethereum Code is a popular trading robot focusing on the Ethereum blockchain. You can use the software to trade various coins.  
  • Bitcoin Motion is a good option if you want a robot that trades the Bitcoin market. It also can be used in the wider crypto space. 
  • BitIQ uses artificial intelligence software to trade a wide range of crypto coins and is one of the top-rated bots currently available
  • Bit Index AI has been developed by software developers and functions using sophisticated AI to make trades in the crypto market.  
  • Immediate Edge trades the whole cryptocurrency market and is one of the most popular automated trading bots. 

Our top robot trading tips for beginners

  1. Familiarise yourself with trading. A beginner needs to familiarise themselves with the functionalities of cryptocurrency trading. The trader needs to understand the risk factor, volatility, and security of crypto assets before beginning to start trading.
  2. Understand cryptocurrency space. As discussed before, the key aspects of cryptocurrency markets differ from other markets. Hence it is necessary to understand the aspect of trading and investments in crypto assets. You should never invest in something you don’t understand.
  3. Practice with a demo account. Practising using a demo account is always advisable instead of directly venturing into trading. This gives you a fair idea of BitQT’s trading interface and cryptocurrency trading. 
  4. Start small and build gradually. Always start with minimal amounts and gradually build up your portfolio. Starting with small amounts will give you hands-on experience and lower risk factors. 
  5. Invest what you can afford to lose. Trading always comes with a risk, and cryptocurrency markets can be notoriously volatile. If you are not careful, you can easily lose money if the markets plunge. Hence, always trade only the money you can afford to lose. 

Our final verdict on BitQT

BitQT can be a valuable instrument for cryptocurrency trading, but it has mixed user reviews. Its website claims to have won awards for trading, but further research suggests this is not the case and that these are simply fake marketing techniques. 

You should exercise caution if you are a beginner looking to leverage BitQT’s services. You should not believe everything mentioned on its website and conduct your own research into trading and cryptocurrency before venturing into crypto markets with any trading robot.  

BitQT facilitates tools that can be useful for an expert trader, such as setting parameters manually and controlling the trading strategy pursued by the robot. This helps a trader to optimise their trading experience without constant monitoring of markets. In conclusion, while the platform can benefit users in some aspects, it is always advisable to tread carefully and conduct thorough research.

Methodology: how we scored this BitQT review

Every cryptocurrency trading robot review on our website follows the same rules when evaluating the platform. In the case of BitQT, we first created a free account and made an initial deposit of $250. We then connected the robot 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.

FAQs

Is BitQT legitimate or not?
Is it easy to open a BitQT account?
Can I withdraw cryptocurrency from BitQT?
Is BitQT an MLM or Affiliate scam?
Does BitQT really work as described?
How much does it cost to use BitQT?
How do I delete my BitQT account?

Sources & references
Risk disclaimer

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 >

Pooja Kadia
Financial Writer
Pooja has worked with more than 120 crypto and blockchain companies along with being the founder of her educational blog, Cryptochain Sphere. When she is not… read more.