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Bitcoin Era is a software package that finds trading opportunities in the cryptocurrency market for you. It does automated market analysis too. With the help of an algorithm, you can generate trades similar to that of a human trader. There are hundreds of trading strategies out there, and this algorithm is covered in our Bitcoin Era review.
You choose the strategy, which is done with just a few minutes of your time each day.
Some of the options include the Stochastic Oscillator or Moving Average, which can find trend reversals or patterns that signal entry points. While using these indicators, the software will use trading principles to decide when a good opportunity presents itself and then notify you.
After finding an opportunity, you can act by placing an order or let the software do it autonomously. Automated trading gives you the advantage of speed, for software can calculate in seconds what it takes a human several minutes to.
As a rule of thumb, manual trading allows you to stay in control of your trading and your account while you learn to be a better investor. Among the best crypto portfolio trackers, this one might suit your investing style.
Bitcoin Era works in collaboration with online brokers, and its orders get executed through a cryptocurrency exchange. During the registration process below, you’ll be redirected to a broker based on your regulated location. Your broker is responsible for executing orders generated by Bitcoin Era. It determines the instruments to which you also have access to.
The best brokers offer dozens—even hundreds—of cryptocurrencies, which Bitcoin Era can analyze to scan for your trading opportunities. At some brokers, you’ll even trade other classes of financial assets, such as stocks, forex, commodities, indices and ETFs. Bitcoin Era’s algorithm uses the same analysis in these markets also—so you can diversify your portfolio.
Before creating a Bitcoin Era account or trading, it’s important to know which main features the crypto portfolio tracker app offers to its users. Following, you will get a closer look at your options within this Bitcoin Era review.
Although the program is called Bitcoin Era, it’s not solely used for bitcoin. Bitcoin Era can be used to trade crypto from Ethereum and other altcoins like Litecoin, Zcash, Dash or IOTA. You will be able to diversify your portfolio to take advantage of market opportunities this way.
Diversification is a crucial step taken by investors to limit their losses when using a crypto portfolio tracker app.
Some crypto may perform better than others, and by diversifying, you can take advantage of different movements simultaneously. Diversification is a useful hedge in surviving prolonged declines also. When one crypto loses value and as another goes up, you don’t lose as much capital compared to if you had only invested in the one falling asset.
At the core of Bitcoin Era is doing market analysis without you having to do it yourself. The algorithm is programmed to do technical analysis by using indicators and other charting tools. Based on the strategies it uses, it can find profitable opportunities in the cryptocurrency market, and you will just have to act on them or not.
Since this is all automated, Bitcoin Era relies on different crypto charts to find various price-action opportunities. With multiple entries to use and act on, you can activate multiple trades based on the signals sent by the service provider. The signal could improve your performance because you might find more entries than a human trader would.
Being that algorithms are more precise, you can be sure that the opportunities it lists are more accurate also. After all, algorithms are objective and don’t fall for psychological biases. Bitcoin Era finds the entries and then sends signals to your broker to execute valid orders. The process continues 24/7 with the help of the program, allowing you to trade day and night.
To take advantage of automated trading, use a virtual private server (VPS) to increase speeds and ensure that you’re always logged in to access your account from any device.
For urgent situations, Bitcoin Era has a dedicated customer support team to help you track your crypto portfolio.
The agency assigns you with an account manager that you can contact by phone or email to get a personalized response from. This manager not only helps you when you have a problem but gives you tips on how to properly manage your account or increase performance.
Bitcoin Era’s homepage has a wealth of resources. We find it helpful to go through it carefully to understand how the crypto portfolio tracker can be integrated for daily use. Learn about the software before starting with the actual registration. Take note of the URL to make sure it’s not a phishing site; many trading services share a similar layout.
At the top of the page is a form where you must enter your name, email address and phone number. This information will be used to contact you later by phone or email, so it is best to provide your real contact details. After all, Bitcoin Era encrypts your data so that it can’t be hacked. Click “open my account,” and wait for a welcome message from the site.
Once Bitcoin Era receives your details, you’ll be redirected to a broker catalog. The broker you’re redirected to will be based on your location as it must be licensed by a local financial regulator. In our tests, we were redirected to eToro—a top broker with millions of customers.
Register with your broker with your name, email address and preferred password.
– Now click “create my account.”
Your broker still needs to know more about you and will ask you to provide more details about yourself, such as your full name, address, skill level and the amount of capital you have. Make sure you enter this information correctly as it will be checked before you can use Bitcoin Era.
On eToro, you’ll be guided through a series of prompts that you can navigate in just a few minutes. The information will be used to configure your account and update you.
After creating an account with the broker, you need to get it verified before activating it.
The law requires this information to prevent money laundering. You need to upload an identity document such as an ID card, passport or driving license. Verifying your address can be done via SMS to prove your identity and enhance security.
Verification can take between a few hours and a few days for the broker to confirm. A regulated broker keeps your file secure so you don’t have to worry about it being leaked.
Now that your crypto portfolio tracker account is ready and you are more familiar with the broker’s trading environment, it may be time to start trading using real money.
Log into your account if you aren’t already, and go to your profile page. It should show various account settings, including an option to make a deposit. eToro has a minimum deposit of $50, but you can make as large a deposit as you want.
You can use bank transfers, credit/debit cards, Sofort, Rapid Transfer, PayPal, Skrill or Neteller. Depending on the method chosen, your account may be credited instantly or take a few days.
Return to your account dashboard, and click the text box at the top of the page to search for a specific asset to trade. You can also click the “favorites” button in the left menu bar to view the top assets and those you previously highlighted.
Click on the asset to get more details about it, such as reviews from other traders and its price chart. To take a closer look at the price chart, expand it, after which you can overlay technical indicators and charting tools for technical analysis. This, in addition to the fundamental data in the Statistics and Research tabs, should give you an idea of how to trade this asset.
Click “invest” to open the trading window. Here, you can buy or sell the asset based on your analysis. Additionally, you can dictate the type of order you want to place, whether it’s a market order or a pending order, as well as other parameters like stop losses and take profits.
Once the order is executed, keep an eye on the position from the Portfolio page. You can decide whether or not to close the position or choose to set it based on your algorithm settings.
Is Bitcoin Era Right for You?
No platform is ever perfect, and there will always be pros and cons. After testing Bitcoin Era, here’s what we thought you should know about the best crypto portfolio trackers out there.
Bitcoin Era claims that its algorithms were developed by professional traders, which is useful for beginners who don’t have experience trading cryptocurrencies. It’s for those who would like a helping hand while they learn the intricacies of the industry or who want to get familiar with tracking their crypto portfolios.
The Best Bitcoin Era Review
With automated trading, you don’t have to spend a lot of time to find trading opportunities. Traders spend hours every day trying to find these opportunities—sometimes without any luck. With Bitcoin Era, the software does all the work for you, freeing you up to do other things.
With the time you save, you can continue to learn crypto trading while still trading based on algorithms. This is good not only for beginners learning but also for experienced traders who want to diversify their portfolios and improve their performance. Either way, you can do a lot with the time you free up.
Keep in mind that Bitcoin Era directs you to regulated brokers in your region. In our case, this is eToro, licensed by the CySEC to operate globally. The broker you choose may be different, but you can always be sure that you’re dealing with a regulated and authorized agency.
Despite being one of the best, there’s little to no details about the company or its developers who created it. While this doesn’t make Bitcoin Era a scam, developers who don’t advertise themselves could actually be hiding something.
To manage risk, top traders recommend that only a small portion of your capital goes into software like Bitcoin Era to give it a try. Subsequently, you can increase your capital as you gain confidence in this software package.
