Strong points
In introducing this software, developers have promised daily profits with just a 20-minute commitment each day. However, caution is advised, as gains are never guaranteed in trading. Bitcoin Trader requires only 250 euros to start, and you can always withdraw your money when needed. Notably, you can retain all your profits since Bitcoin Trader is free and doesn’t charge any fees or commissions for its use.
Trading algorithms and software are not new in financial markets. These computer programs have already dominated commonplace transactions on Wall Street and in other financial centers, taking what a human can do and vastly maximizing its potential.
For instance, if a human uses moving averages to analyze a price chart, the algorithm can do the same across thousands of financial instruments.
Bitcoin Trader can process much more information in a shorter amount of time. Consider moving averages: if it takes a trader 2 minutes to analyze a price chart, an algorithm can perform the same analysis in milliseconds.
Thanks to this speed, the result is the ability to process much more information. While a human trader is still stuck on one price chart, the algorithm can analyze hundreds of charts and find numerous trading opportunities.
When an opportunity is found, the software sends orders to an online broker for execution. Bitcoin Trader is not an online broker itself but provides only the automated trading software. Thus, the company will find the right broker for you to work with based on your location and to improve transaction execution speed.
Among the many existing trading robots, Bitcoin Trader stands out by offering some unique features to its users:
Creating a trading robot or algorithm is no longer as exclusive as before. Previously, only elite and professional traders had access to such software at a very high cost, but today, you too can create your own trading software with just a few programming skills. However, just as not everyone with a paintbrush can create a masterpiece, the same applies to trading software.
Bitcoin Trader was built by professionals with expertise in crypto and financial markets. They used their knowledge to create a reliable algorithm, combining 6 leading trading indicators to find profitable trading opportunities. To ensure its reliability, there’s a behind-the-scenes feature that tests the software against past market activity, proving that it would have worked in those situations.
However, the system claims to generate between $150 and $1,300 every day based on the parameters you set, which seems very aggressive and risky. Nevertheless, you can mitigate the risk by configuring a moderate position size.
The Bitcoin Trader application is an acclaimed software that has enjoyed prolonged success. Consequently, numerous copies (Phishing) have been created to capitalize on the already-established reputation. Despite their resemblance to the original platform, none of them can match its performance.
On the Bitcoin Trader website’s homepage, you’ll find a form where you need to enter your personal details, such as your name, email address, password, country, and phone number. These details will be used later to log in to your account.
After entering your information, click on “Get Started Now.” Depending on your country, Bitcoin Trader may not have an available broker, or the platform may not accept clients from certain countries like the United States. If your request is accepted, you should be directed to an appropriate broker’s website.
When you’re redirected to the broker’s site for the first time, you’ll notice that your details are already present in your client portal. This is because Bitcoin Trader submits this information to affiliated online brokers, but there’s no need for concern.
From here, you just need to fill in the few missing details in your profile, such as your physical address, city, postal code, gender, date of birth, and a form of identification like a passport or national ID number.
We are using Valex Trade for this tutorial, which is an unregulated broker, but Bitcoin Trader may redirect you to another more reliable broker.
Click on “Update Profile” to complete the process. Ensure you enter the correct information, as it will be verified in the next step.
Regulations require that all companies offering financial services request verification documents from clients. This is to prevent money laundering and other illegal activities conducted online. Therefore, you’ll be asked to upload photos of your ID card and utility bill for account verification. Brokers are obligated to encrypt user information to prevent unauthorized access.
With Valex Trade, the broker recommended by Bitcoin Trader, you can have up to 2 real accounts. To create an account, go to “Trading > New Account” and enter your account details, specifying settings like the account name and base currency. Click on “Create Account” to complete this step.
For Europeans, we recommend using the euro as the base currency, as you won’t have to pay conversion fees during deposits and withdrawals.
Complete the account opening by making a deposit into your newly created account. To do this, go to “Finance > Deposit” and select the account you want to deposit into. Enter the amount you wish to deposit in the text box and click “Deposit.”
Valex Trade accepts deposits via debit/credit card and crypto, but the variety of deposit methods will depend on the broker recommended by Bitcoin Trader. Remember that the minimum required deposit is 250 euros or the equivalent in dollars.
In fact, the more you deposit into your account, the better trading conditions you enjoy, as seen in the image above. Elite members who deposit 15,000 EUR and more, for example, benefit from a dedicated account manager and daily quality analysis from the broker’s expert team. However, if you’re a beginner, we recommend starting with a 250 EUR deposit to avoid substantial losses.
Now that your account is ready to go, it’s time to delve into actual trading. To do this, simply access the online trading platform and get started.
From your account dashboard, click on WebTrader on the right side of the screen. This should lead you to the broker’s online trading platform.
The platform is a straightforward interface displaying available assets for trading on the left, a trading window on the right, and trading commands at the bottom. As it is optimized by TradingView, you can customize the trading window to your preferences. For instance, you can modify the background color, candlestick color, etc.
In the Markets menu on the left sidebar, click on the dropdown menu at the top and select Cryptocurrencies. This filters the assets to include only cryptocurrencies. However, you can also search for a specific cryptocurrency of interest by clicking on the magnifying glass icon and typing in the text box.
Once you click on a particular asset, it will load into the trading window, allowing you to see its price chart. From there, you can view the asset’s price history and the current price before conducting a more in-depth analysis.
Your decision on when to place an order will be based on your market analysis. This analysis is typically done through technical analysis—using graphical tools and technical indicators to establish patterns and place appropriate orders. You can also use fundamental data, which primarily involves market information from financial sources.
Valex Trade provides a market data feed directly via Webtrader.
When you’re ready to trade, click on BUY or SELL in the trading window. This will send the trading order to the broker for execution, and it is usually executed instantly. Alternatively, you can also place a pending order, indicating that it will be executed later when the desired conditions are met.
For example, a limit buy order will only trigger a buy order once the market price has dropped to a desired price at which you anticipate a rebound.
Bitcoin Trader may be one of the best trading software, but it may not be ideal for everyone.
