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4.4
Automate your crypto trading with pre-set strategies
Trade BTC, ETH, and 50+ of the most popular altcoins
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Immediate Bitwave review 2024

Investing options: 4.7

Platforms & usability: 4.4

Products, markets, & assets: 4.1

Safety & reliability: 4.2

Deposits & withdrawals: 4.5

Research & analysis tools: 4.6

Fees & costs: 4.3

Education & learning resources: 4.4

Immediate Bitwave review Summary

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Updated: Apr 19, 2024
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16 min read
Immediate Bitwave is a popular trading robot that trades Bitcoin and other cryptocurrencies. This Immediate Bitwave review investigates the platform and its services.

Our team of crypto trading experts have reviewed and tested the Immediate Bitwave software to see if it delivers on its promise of high accuracy. Use this Immediate Bitwave review to learn more about the bot, including what markets it works on, verification of its accuracy rate, and whether the software is legit or a scam.

We know numerous websites that 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 their available services upon registration.

Based on our research, Immediate Bitwave 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 Immediate Bitwave 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.

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What is Immediate Bitwave?

Immediate Bitwave provides users with a range of cryptocurrency trading services aimed at streamlining the trading process for both new and experienced traders. The platform focuses specifically on Bitcoin trading pairs, allowing you to customise Bitcoin trading parameters to match your goals and risk tolerance.

In addition to fully automated trading powered by artificial intelligence, Immediate Bitwave offers extensive educational resources to support you throughout your trading journey. Whether you’re a swing or position trader looking to better understand market trends or want to leverage trading tools to make more informed decisions, Immediate Bitwave has an option for you.

With documents and marketing materials related to crypto trading, the platform provides a deeper understanding of market dynamics. This allows you to get the most value out of Immediate Bitwave’s automated Bitcoin trading capabilities tailored to your preferences.

Getting started is simple by creating your account directly through the Immediate Bitwave official website. Once set up, you’ll have access to AI-driven trading paired with a wealth of educational resources aimed at enhancing traders’ success.

Pros & Cons

Pros:

Automate your crypto trading with pre-set strategies
Trade BTC, ETH, and 50+ of the most popular altcoins
Choose from 5+ trading strategies, with high/medium/low risk options available
Access 24/7 customer support
A dedicated account manager on sign up

Cons:

Can I open an account with Immediate Bitwave?

Immediate Bitwave summary

FeatureImmediate Bitwave
Supported cryptocurrencies50+ including BTC, BCH, ETH
FeesNo fees
Success rate95%
Minimum deposit$250
Mobile appNo
Withdrawal speed24 hours
Demo account?No
Leverage availableYes, 1:1000
Customer supportYes
Verification requiredYes
See more Immediate Bitwave features
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About the Immediate Bitwave platform

How does Immediate Bitwave work?

Immediate Bitwave sends trading Bitcoin signals to your broker account via an API, which the broker then executes automatically. These signals include all the details of a trade, such as the size of the trade, its entry point, and potential exit points. With the Immediate Bitwave trading platform these signals can suggest trades for Bitcoin and other cryptocurrencies.

Immediate Bitwave’s algorithm ensures that the entire procedure is automated and does not require manual intervention. However, if you’re an experienced Bitcoin trader you can use your own trading strategies manually based on the trading signals you get from Immediate Bitwave. The trading platform is flexible and you can use it however you wish.

What assets and products can be traded on Immediate Bitwave?

Our research suggests that Immediate Bitwave offers more than 50 cryptocurrencies. Users can trade Bitcoin (BTC) with prominent crypto assets and fiat currencies like USD, GBP, and EUR. The list of digital currencies includes 

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

How much does Immediate Bitwave cost to use?

Immediate Bitwave is free to use. You can sign up and use its demo account without paying anything. However, you may be required to pay a trading fee or commission on your trades. This will depend on the cryptocurrency broker you go with and is usually between 1-3% per trade you make. 

What are the payment methods accepted by Immediate Bitwave?

To use Immediate Bitwave, a trader needs to make a minimum deposit of $250. After the deposit, you can use the services. The available deposit methods include bank transfers, and credit/debit cards like Visa and Mastercard. Here is a list of the available payment methods accepted by Immediate Bitwave. 

  • Bank or wire transfer
  • Credit card
  • Debit card
  • Klarna
  • Skrill

Is there an Immediate Bitwave app for both mobile and laptop computers?

You can access the Immediate Bitwave trading software through your desktop or laptop using a web browser. There is no immediate Bitwave bitcoin trading platform mobile app currently available, however, you can use the crypto trading platform on your mobile divide through its web browser. According to our research, an Immediate Bitwave mobile app may be released. Right now, you can use Immediate Bitwave in the following ways. 

  • Mobile phones
  • Tablets
  • Laptops
  • Desktops

Immediate Bitwave key features

The Immediate Bitwave Bitcoin trading platform boasts a few features that help it stand out from the crowd of other crypto bots. Here are some of our favourites.

Free withdrawals

Some crypto trading platforms do charge for taking your money out, but with Immediate Bitwave, you won’t have to worry about any fees. Immediate Bitwave makes it easy to withdraw your profits earned through the software. All withdrawals are free and processed within 24 hours so you’ll get your money back swiftly. 

Leveraged trading

When you trade the cryptocurrency market using Immediate Bitwave, you get access to leverage. Depending on your trading platform, you can get up to 1:1000 leverage. This means you can trade much bigger positions without depositing large sums of money. 

Forex trading and stock trading

Immediate Bitwave is designed to work on the cryptocurrency market, but many users have reported it works equally well on other assets. With the Immediate Bitwave platform, you can use it for forex trading and stocks like Apple, Google, and Tesla. The automated software gives you more opportunities to profit. 

Free demo trading account

If you’re unsure whether to use the trading software or not, you can register for the free demo trading account via the Immediate Bitwave website. Here you’ll be able to practice with the bot to help decide if it’s a legitimate trading platform that can capture market movements as well as it claims.

Which brokers can I use with Immediate Bitwave?

The bot is partnered with licensed brokers to provide trading services in cryptocurrencies. The broker platforms are regulated; hence, you must comply with KYC and AML guidelines. Our research indicates that partnered broker platforms include EuropeFX and UFX. 

Can I trade assets with leverage?

Yes. You can trade with leverage thanks to its associated brokers. These cryptocurrencies are available using contracts for difference (CFD). This means you can speculate on their price, but you do not own the asset itself. A CFD is a contract that follows the price movements of the underlying cryptocurrency.

Please note that trading in leverage is a highly risky investment, and cryptocurrency markets are volatile. You should not use leverage unless you have lots of experience, and even then, use it with caution as it can result in big losses.

Can I open long and short positions with Immediate Bitwave?

Yes, you can open long and short positions on Immediate Bitwave and place trades in up trending and/or down trending markets. A ‘long’ position is when a trader speculates that 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?

There are no limits placed on withdrawals. To request a withdrawal, a user must submit a request and give banking details. The amount is credited into your bank account within 24-48 hours. We have heard from users of Immediate Bitwave that withdrawals have often been processed much faster. 

What is Immediate Bitwave’s customer service like?

The account owners of Immediate Bitwave can access their 24/7 customer service through different modes, including live chat, phone number, and email. However, without registration, the robot does not provide any options to access its customer service. 

Safety and security

Is Immediate Bitwave safe to use?

Immediate Bitwave appears to be a secure crypto trading robot, although claims made on its website cannot be verified. Its software cannot help you generate a million dollars in profit. 

A video on its official platform indicates that users have generated $14,000 with a $250 investment in a single day. However, such claims are highly dubious and unlikely to be true. It also claims that the robot is endorsed by leading celebrity names, but we could not find proof of any personalities associated with Immediate Bitwave. 

Is Immediate Bitwave regulated?

Immediate Bitwave is crypto automated software, so it is not regulated. However, it partners with many top-rated brokerage platforms that are regulated. Immediate Bitwave states that most trading platforms are regulated in Europe under CySEC, the Cyprus Securities and Exchange Commission. 

Is my money protected on Immediate Bitwave?

When you use Immediate Bitwave you do not deposit any money into the trading platform, Instead, you deposit funds with cryptocurrency brokers who are all regulated by CySEC, The Cyprus Securities and Exchange Commission. Many of these crypto trading platforms also are protected through compensation schemes if they ever go out of business. 

Who owns Immediate Bitwave?

According to its official website, the Immediate Bitwave trading robot was developed by Steve McKay along with a team of 25 members. Steve McKay is an ex-software developer who claims to have earned millions of dollars through this robot and crypto trading strategy.

However, the research conducted by the Invezz team suggests that the information is quite false. We did uncover that Immediate Bitwave is owned by a group of cryptocurrency traders and software developers with multiple years’ worth of experience.

In the cryptocurrency space, it is common for traders and robot designers to remain anonymous or use pseudonyms due to privacy concerns, which is why the name Steve McKay is used.

What is the registration and verification process?

It is easy to get yourself registered with Immediate Bitwave. To sign up, you have to fill out the registration form available on its homepage. Details including your name, email address, and contact number are required. You will be asked to verify your email and phone number, after which you can access Immediate Bitwave. 

As the robot partners with licensed brokers, you must submit ID proof, residential proof, and banking details before starting to trade. Below are the steps you can follow to register with Immediate Bitwave. 

How to start trading with Immediate Bitwave

Step 1. Create an account with Immediate Bitwave

The first step in the registration process requires filling out the signup form with your contact information and a valid phone number. You do not have to provide ID proof at this stage and the process takes less than 30 minutes before you can start trading.

Step 2. Make a minimum deposit of $250

To enable auto trading, you have to make a minimum deposit of $250 into the platform. All of your trades will be carried out through the broker assigned to you. Please note that you will be asked to complete your KYC before starting to trade through the broker.

Step 3. Set up your Immediate Bitwave trading system

Once you have funded your cryptocurrency trading platform, it is time to configure your robot. This is an important step and will determine how well the software works for you so it’s recommended that you take your time. You can change certain settings and parameters to meet your needs, so that you can trade Bitcoin the way you want to and execute profitable trades.

Step 4. Adjust risk management settings

Adjusting Immediate Bitwaves risk settings is easy to do. Just open up the software and navigate to the risk tab where you can make changes. It is a good idea to adjust your risk parameter settings to a level you are comfortable with. If you want to gamble, set them high, although it’s probably best to keep it quite low to execute crypto trades if you don’t have much crypto trading experience.

Step 5. Start trading with Immediate Bitwave

You can choose to access the demo trading feature or you can enable auto trading from the dashboard. A skilled trader can specify criteria to open or close a trade. You may want to download the Immediate Bitwave app so that you can access your trading account on the go as well as on your desktop.

Open Demo Account

While researching Immediate Bitwave, we found that a number of sources indicate that leading personalities endorse this robot’s services. Upon verifying these claims, our team found that no celebrity or leading names are affiliated with Immediate Bitwave. 

To help you find accurate information, we have carried out fact checks on three claims we repeatedly came across online.

Is it true that Richard Brandson endorsed Immediate Bitwave?

No. Richard Branson has neither endorsed Immediate Bitwave nor is associated with the robot. Richard Branson is a businessman and the founder of Virgin Atlantic airline as well as Virgin Galactic, a spaceflight corporation. He was also placed in the Time’s list of 100 most influential people. 

Fact check: False. Our team could not find any evidence that Richard Branson has endorsed Immediate Bitwave. 

Is it true that Daniel Craig uses the Immediate Bitwave website?

External sources indicate that Daniel Craig uses Immediate Bitwave’s services for trading. However, there is no evidence that he is associated with this robot. Daniel Craig is a leading British actor and producer best known for playing the famous fictional spy James Bond in the most recent films of the franchise.

Fact check: False. Daniel Craig has never used Immediate Bitwave’s services.

Conor McGregor has neither endorsed nor recommended using Immediate Bitwave. Conor McGregor is an Irish professional mixed martial artist and boxer, and one of the most famous UFC fighters of all time.

Fact check: False. Invezz could not find any connection between Conor McGregor and the Immediate Bitwave automated trading bot.

Is there a Immediate Bitwave 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 Vortex 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.
  • 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

Here is a quick list of top tips to help you get started with a crypto robot. This advice applies both to Immediate Bitwave and to all other trading bots out there.

  1. Familiarise yourself with trading. If you’ve never traded in the crypto market then it’s important to take the time to learn about trading before starting with a robot. Immediate Bitwave does the heavy lifting for you, but that doesn’t mean you shouldn’t improve your trading experience and learn the basics first. 
  2. Understand cryptocurrency space. The cryptocurrency market is still in its infancy and changes rapidly. It can be a good idea to set up a free account first and use a virtual or demo account to practice before you start, so that you understand how the market moves. There are a lot of unregulated brokers so take the time to pick a trusted trading platform.
  3. Practice with a demo account. Lots of new users fall into the trap of thinking trading is easy. It’s not, and you should always use a demo account before risking live funds. Crypto robots often advertise unrealistic profits and one way to test the Immediate Bitwave dashboard out is by using it on a demo. 
  4. Start small and build gradually. Always make sure you start small and grow your account slowly. Immediate Bitwave could help generate consistent returns over the long term. It’s best that you start off small and withdraw profits regularly as your account size grows.  
  5. Only invest what you can afford to lose. The first and the last rule of trading is only to invest 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. Market volatility can quickly wipe out any profitable trades so be careful.

Our final verdict on Immediate Bitwave

Immediate Bitwave is a top quality crypto trading bot that enables automated and manual trading opportunities in the cryptocurrency market. Beginners might want to use features like demo trading to familiarise themselves with the market and trading. But you should not use this robot as your only trading tool or rely on it too heavily. 

More experienced traders could consider using the Immediate Bitwave trading robot to supplement income or use it to backtest strategies or automate part of their strategy. However, relying solely on Immediate Bitwave to earn money is not a good idea; the crypto market is extremely volatile and robots do not always hold up well in difficult conditions.

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Methodology: how we scored this Immediate Bitwave review

Helping people make better financial decisions is at the heart of our mission at Invezz. 

We test each crypto robot to provide clear, accessible guidance on the service it offers and how it compares to the 63+ other platforms we review. Testing is carried out by our panel of industry experts, analysts, and active traders who sign up to the automated software, conduct research, and score the service.

To supplement our practical testing and experience, we research the service to gather any further relevant information and provide context to help you decide whether the automated robot is right for your investing needs. We read online customer reviews, app reviews on the Play Store and App Store, and conduct user surveys to get feedback from real people about what works, and what doesn’t.

The robot is awarded a final score based on 130+ data points across 8 ranking categories: cost, reliability, user experience, deposit & withdrawals, investing options, range of products/markets, research & analysis tools, and the availability of educational & learning resources.

We work closely with the individual brand to ensure all factual information displayed here is accurate. All data is then fact-checked by an independent reviewer. You can learn more about our expert panel and how we test, rate, and review platforms in our review process

FAQs

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Pooja Kadia
Financial Writer
Pooja is a financial writer for Invezz. She has held the positions of Content Head at more than 7 companies. She has written for prominent cryptocurrency... read more.