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Review of Immediate Bitcoin
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Immediate Bitcoin is a trading robot that enables automated trading in cryptocurrencies such as Bitcoin. Using advanced algorithms, the robot predicts price movements of digital currencies and enacts trades on behalf of its users. Immediate Bitcoin’s official platform does not mention any details on the founder behind the robot, so it is hard to give any details about the history of the service or software.
The website also states that it predicts crypto trades at an accuracy rate of 98.9%, and there are various testimonials on the platform claiming to have made huge profits using the robot. In this Immediate Bitcoin review, we verify the authenticity of such claims and take a look at the functionalities offered by this crypto bot.
Pros & Cons
What is Immediate Bitcoin and what can I do with it?
Immediate Bitcoin is an autotrading cryptocurrency robot that uses algorithms and advanced technology to retrieve trading signals and place trades. You can use the robot to place trades on your behalf, or set manual parameters for it to use when trading cryptocurrencies on a broker.
According to Immediate Bitcoin’s official platform, the trading bot derives signals at an accuracy rate of 98.9%. However, our analysis indicates that these results are too good to be true. Crypto markets are volatile and it is nearly impossible to achieve that high an accuracy rate. While the bot does scan the market 24/7 and place trades, claims such as this should be treated with suspicion.
In addition to automated trading, Immediate Bitcoin also offers manual trading to those experienced with cryptocurrency trading. Investors can trade at their preferred rates by directly inputting the trading instructions for the robot to follow. By setting the robot up this way, traders can make sure they never miss an opportunity as the market fluctuates.
How does Immediate Bitcoin work?
Immediate Bitcoin has partnered with regulated brokers in the space that offer margin trading in digital assets and other financial instruments. The robot sends its crypto trading signals to its partnered broker through an API. The broker’s platform then executes the trade without any need for manual intervention.
Immediate Bitcoin key questions, answered!
Which brokers can I use with Immediate Bitcoin?
Our research suggests that some of the brokers partnered with Immediate Bitcoin include Onorio Trade and 24Option. Immediate Bitcoin claims that it also integrates with prominent cryptocurrency exchanges like Binance and Coinbase, ut we were unable to verify this.
What cryptocurrencies are supported on Immediate Bitcoin?
Our analysis indicates that prominent cryptocurrencies are supported by Immediate Bitcoin. This includes:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Ripple (XRP)
- EOS (EOS)
- Dash (DASH)
- Monero (XMR)
- Bitcoin Cash (BCH)
You can trade all of these with USD, GBP, and EUR currency pairs.
Can I use Immediate Bitcoin on mobile and desktop?
Yes. The cryptocurrency bot is available to be used on all OS including Mac and Windows on desktop or laptop. Currently, there is no mobile app available for Immediate Bitcoin, but it is possible to trade using the web browser on a smartphone.
Can I trade assets with leverage?
Yes, you can trade with leverage using Immediate Bitcoin as its associated brokers provide margin trading. This is because the brokers work by trading CFDs rather than individual coins, enabling users to trade an amount greater than their current capital. Immediate Bitcoin offers leverage of 1:1000 for cryptocurrency assets like Ethereum.
It is recommended to always start small and gradually build your portfolio. Higher leverage can subsequently result in huge losses as cryptocurrency markets are volatile. We do not recommend that any beginner trades crypto with leverage.
Can I open long and short positions with Immediate Bitcoin?
Yes. You can open long as well as short positions with the robot. This allows a trader to profit in downtrending markets as well as when crypto prices are rising.
A long position in crypto trading refers to 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.
What are the payment methods and withdrawal/deposit limits?
In order to access Immediate Bitcoin’s automated trading services, traders need to make a minimum deposit of $250 in the partnered broker’s account. Most brokers offer the methods of credit or debit cards like Visa, wire transfer, e-wallets like Skrill, Neteller, and Webmoney for deposits. Some robots also offer the option of deposits in Bitcoin.
Currently, the robot does not have any limits on withdrawals. A trader simply needs to submit their bank account details to the broker and the amount is credited within 24-48 hours.
Are there any costs and fees involved?
No. Immediate Bitcoin’s official platform claims that the service is free to use with no charges being levied by the robot.
But, the research of Invezz team suggests that a trader may need to pay a commission charge of around 2% for each trade when it is processed through the broker’s platform.
How do I get paid? What about payouts?
Your payouts are directly withdrawn into your bank account. To request a payout, the user submits a withdrawal request from the trading dashboard. The amount gets credited into your bank account. There are no limits to withdrawals and you can request a withdrawal on a daily basis as well.
What is the registration and verification process?
The process of registering yourself and becoming a verified member of Immediate Bitcoin is simple. The signup form is available on the home page of the website, and you simply have to fill in details including your name, phone number, and email address. You will then be redirected to a broker’s website which features a trading dashboard for you to access different controls. At this point you’ll receive an email with a verification link – click that and you’re good to go.
At the time of registration, traders do not have to provide identification documents like passports or national ID. But please note that you might have to provide these in order to withdraw money from the broker.
What is their customer service like?
Immediate Bitcoin offers 24/7 customer service to its registered members. The available methods for customer service include live chat, phone, and email. However, there are no modes to contact the team of Immediate Bitcoin prior to registration.
Is Immediate Bitcoin legit?
Immediate Bitcoin does allow users to access automated trading for different cryptocurrencies, however, the claims of users generating profits of $950 to $2200 repeatedly on a per-day basis are completely speculative and highly likely to be false. Also, while it helps derive trades, it does not have an accuracy rate of 98.9% as claimed by its official website.
The website also features testimonials of clients earning as high as $50,000 in a month, but these do not seem authentic and are almost certainly untrue. Furthermore, the website integrates personalities like Bill Gates and Winklevoss twins endorsing the cryptocurrency market and the trading bot; none of these people have endorsed the robot. We are certain that Immediate Bitcoin indulges in false marketing tactics to promote its platform.
Has Immediate Bitcoin been recommended by celebrities or appeared on TV?
When we investigated Immediate Bitcoin, we came across multiple claims that suggested leading personalities associated with this robot, including its official platform. But our extensive research reveals that no famous celebrities have ever endorsed this robot in any way.
Below we have fact-checked the claim that three notable celebrity figures have used or promoted Immediate Bitcoin.
Is it true that Paul McCartney endorsed Immediate Bitcoin?
No. Paul McCartney has never publicly spoken about Immediate Bitcoin on any platform. Paul McCartney is an English singer, songwriter, musician, and film producer who gained worldwide fame as co-lead vocalist and bassist for the Beatles.
Fact check: False. Looking into the rumours, there is no evidence that Paul McCartney is associated with Immediate Bitcoin.
Is it true that Mike Hosking uses the Immediate Bitcoin website?
Mike Hosking has never claimed to have used this robot. He is a New Zealand television and radio broadcaster who has worked for Radio New Zealand and TVNZ. He is a controversial figure who has been the subject of several complaints upheld by the Broadcasting Standards Association (BSA).
Fact check: False. Research from Invezz suggests that Mike Hosking has never publicly spoken about this robot.
Has Karl Stefanovic publicly recommended the platform?
Many websites have made claims that Karl Stefanovic is associated in some way with the Immediate Bitcoin platform. Karl Stefanovic is an Australian television presenter who took up a position with TVNZ as a reporter for One Network News in New Zealand.
Fact check: False. Despite the claims, Karl Stefanovic has never endorsed Immediate Bitcoin.
How to trade with Immediate Bitcoin
Immediate Bitcoin partners with brokers who offer an intuitive trading dashboard to allow access to automated and manual trading in crypto assets. All the functions of trading are available on the left control panel of the dashboard. A trader can check their trading history, view the list of currently open trades, and see their crypto portfolio from the control panel. The trading dashboard also allows you to set up manual trading by setting various trade conditions. In order to trade with Immediate Bitcoin, a user needs to complete the registration process and make a minimum deposit or try its demo account.
To access the cryptocurrency robot’s services, here are the steps for opening an account:
How to open an account with Immediate Bitcoin
- Step 1: Registration. You need to fill its registration form and become a verified member of the Immediate Bitcoin robot. You have to only fill in basic details and not submit any ID proof. The process is simple and easy.
- Step 2: Deposit Funds. To start autotrading, you have to make a minimum deposit of $250 in the trading dashboard. A beginner can access features like demo trading to help get familiar with the robot and cryptocurrency market.
- Step 3: Trade. Once you have deposited funds, you can now start to trade cryptocurrency assets automatically with Immediate Bitcoin. The robot will start automatically executing trades with its partnered broker. Alternatively, an experienced trader can set trading parameters for the robot to follow before turning it on.
Our top robot trading tips for beginners
Cryptocurrency trading carries a certain degree of risks as markets are highly volatile. It is necessary to familiarise yourself with both the robot and the market in general before choosing to invest. Moreover, it is advisable not to depend on the robot completely for trading in crypto markets. Here’s the advice from our team of experts for anyone getting into automated trading:
- Familiarise yourself with trading. It is necessary to understand the space of trading before deciding to invest. 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. If you are a beginner, make sure that you understand the basic schematics of cryptocurrency trading before choosing to use any robot.
- Use the demo account to practice. Immediate Bitcoin has a demo trading feature. This gives you a chance to familiarise yourself with the platform without risking 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 over time rather than looking for quick wins.
- 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.
Immediate Bitcoin can be used as part of a trading strategy, but users should be very skeptical about the way the platform markets itself. Its official platform states that users can make $2200 daily simply by using its autotrading services, and this is almost certainly untrue. While users have benefitted from the robot’s technology, its software cannot predict trades at an accuracy of nearly 100% and any such claims are suspicious.
There is something for both beginners and experts on Immediate Bitcoin, with experienced traders being able to set manual parameters for the bot to follow. Beginners can also use the demo version to get familiar with crypto trading without risking their money.
Bear in mind that you should never solely depend upon the robot to profit from cryptocurrency investments. This can lead to the loss of your trading capital, and it’s never good to put all your eggs in one basket.
Immediate Bitcoin helps users to automate their trades in crypto markets, but you should not rely on all the statements proclaimed on the robot’s website. Testimonials of users buying luxury cars are too dubious and highly unlikely to be true. The robot uses technological tools to execute trades, but it cannot help generate $950 to $2200 every day.
Additionally, it uses misleading marketing techniques to promote its services. For instance, it claims figures such as Bill Gates have endorsed the robot, and this is wholly untrue. The platform claims to generate thousands of dollars in profits with cryptocurrency trading in short spaces of time, but each trader should conduct their own due diligence instead of believing such claims – which sound too good to be true.
Yes. Opening an account to become a verified member of Immediate Bitcoin is quick and easy. You have to sign up by providing basic details and verify your details. You do not have to provide any ID documentation at the time of signing up on the robot’s website, but you may be required to complete KYC (Know Your Customer) details while trading through brokers.
No. The process of withdrawals is not carried out from the robot’s platform, but from the brokers it partners with – who offer margin trading using CFD instruments. With CFDs, you do not hold the actual asset, rather you hold a contract that tracks price movements of that asset. This means you’re training on the value of cryptocurrencies rather than the coins themselves, and all withdrawals occur in fiat currency.
Immediate Bitcoin helps you automate your trading in financial markets, but it uses misleading methods to endorse its product. Beware of statements claiming to make you a millionaire simply by using its services. The platform also lacks information about teh team that founded it.
Immediate Bitcoin does offer automated trading, but you cannot generate thousands of dollars within a small time span through this robot. It also does not have a success rate of 98.9% as stated on its website.
According to its official website, there are no fees or charges for using Immediate Bitcoin’s services. However, this may not entirely be true when one considers the possible broker fees. You may have to pay a percentage of your trading fee to the broker’s platform depending on the trades you’re making.
In order to delete your Immediate Bitcoin account, you need to submit a request to both the broker’s and the robot’s platform. Before deleting, you first need to withdraw your money into your bank account. Once the funds have been deposited in your bank account, you can place a request to delete your account through the platforms’ customer service channels.
It is unclear. The official website does not provide any details on Immediate Bitcoin’s founders. While conducting our research, we found that there are numerous different theories on its founder. However, these are speculative and there is no information pertaining to the team behind Immediate Bitcoin.
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 >