Strong points
Before trusting any software or trading system, a good look under the hood is crucial to avoid falling into a faulty system. Unfortunately, Bitcoin Revolution does not detail how the software works. This is to be expected, as developers want to keep the details of their software private for as long as possible, but the website still provides some clues.
At the heart of Bitcoin Revolution is the trading software it provides. The algorithm uses AI and blockchain technologies. AI technology examines cryptocurrency markets and analyzes price charts to find potentially profitable trading opportunities. Although the website doesn’t say precisely how it does this, it likely relies on technical indicators such as RSI, MACD, moving averages, etc., to find trading opportunities.
This is the same as what a human trader does when trading manually, except it is accelerated through AI and algorithms. Therefore, trading software can find many more signals than a trader would since it can analyze the markets in a fraction of a second. This improves user performance since you can place many more orders.
Additionally, algorithms are more accurate if they have been well-developed. Bitcoin Revolution claims that it has been working on the software for over five years, so it should be correct. Not to mention that emotions do not hinder the program and can be negotiated objectively at any time.
Bitcoin Revolution
Bitcoin Revolution
After identifying potential opportunities, they are forwarded in the form to the broker for processing. This must be the case if you think about it since the algorithm can find many opportunities across different cryptos. The software automatically sends orders to a broker for processing.
For your part, you need the parameters in which the software should work. Here are some of the parameters you can determine:
All these parameters are combined into a risk profile, and you can modify this profile according to your risk aversion. Remember that the higher the risk, the greater the potential profitability and the risk of losing. After all, even software can make mistakes from time to time.
This should only take a few minutes, after which the software can continue running 24/7 without you having to intervene. To ensure you always trade, use a virtual private server (VPS) to avoid downtime and increase transaction speed because every second counts in the fast-paced world of cryptocurrencies.
While Bitcoin Revolution provides the software to evaluate cryptocurrency markets, it has no connection with cryptocurrency exchanges. Instead, it partners with established online brokers who do this and pass orders to them.
This is why, when you make a deposit, you do so on the broker’s platform, not Bitcoin Revolution’s. Your broker may also offer other financial assets, such as stock, indices, forex, commodities, etc., to allow you to diversify your portfolio on the same platform.
Bitcoin Revolution claims to work with the most reputable brokers in the industry, meaning it has partnered with multiple brokers. During our testing, we were redirected to eToro, one of the world’s most respected brokers. However, depending on your location, you may be transferred to another broker. In our case, eToro was a natural choice since it is regulated by CySEC and, therefore, authorized to operate in the EU.
Creating an account on Bitcoin Revolution is very simple and can be done in 5 easy steps so you can be ready to start trading. This can be done on a computer or a smartphone, but for this guide, we will show you how to do it on a computer.
From your web browser, visit the Bitcoin Revolution website using this link. Make sure you are on the right website by checking the address bar to avoid phishing attacks.
The website’s home page has a form asking for information such as your name, email address, and phone number.
Enter this information accurately, as you will be contacted by a company representative by email or telephone. Then, click on Open my account to complete the procedure.
Once your details are received, you will be redirected to a broker’s website. The broker you are redirected to will depend on where you are located and where the broker is licensed to operate. In our case, we were redirected to eToro, one of the most popular brokers in the world with millions of customers.
Please register with the brokerage firm by providing your details again, including your name, email address, and password, then click Create My Account.
Your broker will need to know more about you and will ask you to provide more details about yourself, such as your full name, address, level of knowledge of the markets, and the amount of capital you have. Ensure you enter this information currently, as it will be checked in the next step.
After creating an account with the broker, you must verify the trading account to activate it. This complies with the AML/KYC laws in Europe, without which you cannot trade on the financial markets. You must upload a photo of an identification document such as a national identity card, passport, or driving license to do this. In contrast, address verification will be done by uploading an image of a recent invoice or bank statement. Your phone number will also be verified via SMS.
The verification may take between a few hours and a few days.
Additionally, the broker will keep all your information secure, so you don’t have to worry about it being shared by GDPR.
Bitcoin Revolution
Bitcoin Revolution
Before starting trading, it is advisable to try the broker’s service through a demo account. On eToro, you have a demo account with $50,000 in virtual funds. Use it to test the trading platform(s) on desktop and mobile so you can get a feel for it and feel comfortable when you start trading.
The demo account is almost the same as a real account, except that the funds are virtual, and therefore there is no risk to your capital. With it, you can explore the offered features and experiment with different trading strategies without putting real money on the line. We recommend doing this, regardless of your skill level, before moving on to the next step.
Now that your account is ready and you are more familiar with the broker’s trading environment, it may be time to start trading using real money. Below, we show you how to complete your first transactions in five simple steps. Read on.
Log in to your account if you weren’t already logged in, and go to your profile page; it should show various account settings, including an option to make a cash deposit. eToro requires a minimum deposit of $50 for French residents, but you can make as large a deposit as you want.
Bank transfers, credit/debit cards, Sofort, Rapid Transfer, PayPal, Skrill, or Neteller can make deposits. 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 highlighted during your demo trading.
Click on the asset for more details, 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 is a market order or a pending order, as well as other parameters such as stop loss levels and to take profit.
Once the order is executed, the next step is to keep an eye on the position from the Portfolio page. This is important because you can decide whether or not to close the position and choose when based on your trading strategy and risk management settings.
Bitcoin Revolution
Bitcoin Revolution
According to its site, Bitcoin Revolution was an industry pioneer and continues to dominate, with nearly 100,000 users worldwide. The reasons for this staggering opportunity boil down to 2 key features on the platform.
In addition to generating signals throughout the day and night, Bitcoin Revolution is responsible for initiating transactions without waiting for your intervention. This means you can make hundreds of trades every day and take advantage of every opportunity, whether in front of your computer or not.
Additionally, it helps eliminate the stress associated with day trading, which often results in lower performance because you are exhausted. If you take a few minutes to focus on setting the parameters at your leisure, you can improve your performance.
Bitcoin Revolution is a free service; you should not pay a cent to use it. Therefore, refrain from budging if you are ever asked to pay fees. The website was very clear about this; we can attest to this since we did not have to pay any fees during our testing. The service developers want to make crypto trading more accessible to everyone, and it has visibly worked, as it now has almost 100,000 users.
However, you should know that the broker you are referred to may have additional fees. In the case of eToro, trading cryptos incurs a 1% fee, which is added to the market price as a spread. You will notice these fees as a slight loss on your position when you open it, but they should be covered as your trade goes in the direction you planned. Note, however, that there is no guarantee of profit!
Just because thousands of people have already chosen Bitcoin Revolution doesn’t mean you should automatically do the same. At the same time, it doesn’t mean you shouldn’t either. Based on this Bitcoin Revolution review, let’s look at some reasons to use or not use the platform.
