You might have stumbled upon Bitcoin Bank when looking for ways to earn money online. This robot is being marketed as a tool that helps ordinary people make profits from bitcoin trading. Bitcoin Bank has a supposed profitability of up to 400% daily.
Such a return reportedly helps users get a daily stream of income of up to $1k from a deposit of $250. The high supposed profitability makes most be skeptical of the legitimacy of this robot.
From this article, you will learn if Bitcoin Bank is legit or a scam? We will also offer some tips to help you improve your potential with this robot.
What is a Bitcoin Bank?
Bitcoin Bank is a passive online income tool. A closer look at consumer review sites such as TrustPilot indicates that most of its users are ordinary people with no prior trading experience.
Bitcoin Bank is also popular with expert traders. But what is it, and how does it earn the reported high rate of return? Bitcoin Bank is a powerful and highly specialized computer program founded out of the trading wisdom of five Wall Street institutional traders.
The five are former hedge fund managers with years of experience trading traditional assets in forex and stock. They came together in 2016 and automated top-level trading strategies for bitcoin trading. Initially, they made the robot for private use and supposedly used it to generate over $100 million in the crypto boom of 2017.
After the boom of 2017, they decided to name the robot Bitcoin Bank and offer it to the public for free. However, the robot is not accessible for all, and new account slots are offered on a lottery basis. Consequently, you need to keep checking on their website to determine if a registration window is open.
It is worth noting that this robot is among the few BTC robots that are 99.99% auto. Bitcoin Bank comes with a trading guide to help beginners navigate through the platform and avoid costly mistakes.
How does Bitcoin Bank work?
To understand how Bitcoin Bank works, you need to familiarize yourself with the traditional ways of investing and trading BTC.
Traditionally, people invest in BTC by buying low and selling high. The buying process is quite tedious and involves investing in a crypto wallet. You can buy BTC from exchanges such as Coinbase. Storing your BTC holdings in a wallet is somehow unsafe given the possibility of hacking.
Moreover, the buying process is not easy, and the loss of the code that defines your BTC holdings means that you lose your investment. Also, you can only benefit from your BTC holdings if the price appreciates.
The traditional way of trading BTC, on the other hand, involves speculating on its volatility without buying it physically. This is easy and can be more lucrative given the level of leverage applied and the fact that you can trade both the bull and the bear market. The only challenge is that you need to perform market research on BTC relative to competing assets such as the USD and the GBP.
Trading tools such as Bitcoin Bank make trading easier by automating the research and execution. The robot performs market research and relays the tradable insights into an underlying broker for execution.
Getting started with Bitcoin Bank?
You do not require any experience or expertise to use Bitcoin Bank. This robot is auto and comes with all the materials to help you adequately prepare for live trading.
Bitcoin Bank is accessible in most countries, but the registration of new accounts is not always available. The robot is on extremely high demand, and hence registration is offered on a lottery basis.
Consequently, you need to try your luck by keeping checking their website for new slots. You should grab the opportunity and signup immediately if the registration form is accessible. It takes a few simple steps to create a Bitcoin Bank trading account.
STEP ONE: Registration
Bitcoin Bank is free for those who manage to secure a registration slot. The registration process is secure and straightforward.
Record your full name, phone number, and email on the signup form and confirm your email and phone through an SMS and a link. Bitcoin Bank assures all users of data safety. We can confirm that its website has 128-bit key encryption and hence hackers can’t access users’ data.
Moreover, Bitcoin Bank observes data privacy regulations such as GDPR. This is enough sign of its commitment to safety.
STEP TWO: Identity verification
When you register with Bitcoin Bank, you are redirected to the page of a partner broker to verify identity.
Remember that all trading robots rely on brokers to access the markets. It’s the role of the broker to facilitate transactions, and hence all deposits happen through them. As a regulatory requirement, all legit brokers must verify the identity of their users.
Bitcoin Bank works with some of the industry’s best brokers. These Brokers adhere to the regulatory guidelines of top-tier bodies such as Australia’s ASIC, UK FCA, and South African FSB. Top-tier regulators are recognized globally for their stringent deposit protection measures.
STEP THREE: Trading capital deposit
You need to invest some capital in Bitcoin Bank to generate the supposed profits. The minimum you can invest is 250 USD. This amount can reportedly earn you a daily return of up to $1k when the trading settings and conditions are right.
There are also claims that it is possible to grow such a small investment to a million dollars in less than a year when at least 70% of returns are reinvested.
As stated above, deposits are handled by the underlying broker. You can fund your account through Visa, Master Card, Wire Transfer, and most e-wallets and crypto-wallets.
STEP FOUR: Trading education and demo practice
You need to familiarize yourself with Bitcoin Bank before going live. Remember that the robot trades at a leverage of up to 5000:1 and hence a small mistake can result in devastating losses.
Bitcoin Bank trading education section includes a 12-page trading manual and two 5-minute videos explaining risk management in trading. It is vital that you go through these materials before proceeding to the live account.
You can practice what you learn through the trading guide on the highly intuitive Bitcoin Bank demo account. The demo simulates live trading by backtesting on historical data. Consequently, the results you receive through this account are reflective of what to expect in live trading.
STEP FIVE: Live trading
The live trading process should be a piece of cake if you have read the trading guide and practiced through the demo.
It involves adjusting risk features to fit your profile and toggling the live session button. Risk management is the bread and butter of successful auto trading, and hence you should pay special attention to it.
Bitcoin Bank offers a risk test to help users determine their risk thresholds. You need to take the test before defining the level of risk you are willing to take per trade. Bitcoin Bank offers a dedicated account manager to work with you through risk management.
Moreover, the robot comes with the Stop-loss, Take-Profit, and Negative-Balance-Protection features to help users manage risk. All these tools are explained in detail in the Bitcoin Bank trading guide.
How to hit the home run with Bitcoin Bank
Bitcoin Bank is fully auto but this doesn’t mean that you can’t magnify your chances with it. Follow the tips below to get the most out of Bitcoin Bank.
- Start small – Investing small gives you the peace of mind to study how Bitcoin Bank responds to market events and determine when it’s likely to perform better.
- Trade for 8 hours daily – Bitcoin Bank applies a trading technique known as scalping and hence must place a lot of trades daily to generate the supposed returns.
- Follow market news – You need to learn to follow BTC market news and compare performance in different events.
Is Bitcoin Bank legit? Final word!
Bitcoin Bank seems like a good bet, and hence it may be a good idea to give it a shot. Register through the link below and follow the provided instructions to get started.
What is Bitcoin Bank?
Bitcoin Bank is a powerful and highly specialized computer program founded out of the trading wisdom of five Wall Street institutional traders.
Is Bitcoin Bank beginner friendly?
Yes! This robot is 99% auto and hence wholly beginner-friendly. You only need to follow instructions to use it successfully.
How much can I earn trading with Bitcoin Bank?
With Bitcoin Bank, the opportunities are endless. You can supposedly earn up to 400% in daily profits during favorable market conditions.
Disclaimer: This is a paid post. KryptoMoney does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. KryptoMoney is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.