If you are searching for passive online income that isn’t going to take up a lot of your time, you may want to consider trading with cryptocurrencies. According to many reviews, not only can you make a living doing it, but you could become a billionaire. Of course, this is highly lucrative for many. Therefore, if you’re interested, continue reading to find out how.
What Is Cryptocurrency?
In a sense, cryptocurrency is a virtual money that works on the exchange. Right now, Bitcoin is still one of the most popular digital currency that can be used for trading. However, there are other options available. These can include Litecoin, Ethereum, and Ripple, just to name a few. Since Bitcoin is so desirable, you can now find a variety of merchants that accept it as payment for services and goods. Though you may imagine that it is only allowed online, it can be used as money offline, too. You can find many platforms available, all of which offer to help you trade cryptocurrencies. However, it’s tough to determine which ones are legitimate or scams.
Bitcoin Up is one of many crypto trading platforms on the market right now. It claims that it’s a highly successful platform and might be the best in the world. Of course, it is designed to work in tandem with robot brokers. Plus, it’s powered by a variety of advanced technologies, including NLP, DL, ML, and AI (Artificial Intelligence). This robot can perform technical and fundamental analysis from using those technologies and can have up to a 95 percent accuracy level.
The Workings of Bitcoin Up – A Brief Guide
Bitcoin Up, in a sense, partners with a variety of special robot brokers. They can execute orders and receive deposits. These brokers are much different from traditional brokerages and complete your orders instantaneously. Bitcoin Up utilizes a unique approach, which is called High-Frequency Scalping. This could lead to significant losses with even just a minor slippage. If the brokers were real people, this chance of loss could have been excessively high. However, since it is a robot broker and the accuracy level is quite high, these risks are minimized.
These brokers, which are in partnership with Bitcoin Up, are of very high quality. Plus, they are regulated by authorities, such as the ASIC (Australian Securities and Investment Commission), FSB (Financial Service Board), and FA (Fubabcuak Conduct Authority). When platforms like Bitcoin Up partners with a regulated broker, you have peace of mind. The deposits are highly secured against a bankruptcy or market crash.
With the partner brokers, you have a leverage ratio of 1:5000. Therefore, you can take a position that is 5,000 times larger than the capital you invest in.
While the user could lose a lot because of high leverage, there is a negative balance security feature provided by Bitcoin Up, which can minimize this issue. Still, the risk is there and could be more than you can safely bear. Therefore, it’s recommended that you limit the amount of money you add to the account so that, if you lose, you can afford it gracefully.
Why Should You Register with Bitcoin Up?
You can see a variety of benefits when trading with Bitcoin Up. These can include:
- The trading is highly accurate, and you get regular updates on the market’s status. Therefore, you can place the bet at the precise moment.
- This platform is easy to use.
- You can earn profits quickly and easily with little fuss.
- The advanced technology from the robot allows for smooth trading that is highly effective and very safe.
- Its regulated brokers for partners can protect your money and ensure security.
How to Register with Bitcoin Up
Registration for the website is straightforward, easy, and free. You aren’t going to need to share a variety of details or have a lot of experience with trading. In reality, all you must possess is a valid email address, something as proof for your current address, as well as the documents necessary to verify those pieces of information. Then, you just have to deposit a small amount of money into your account. This is all you need. The deposit doesn’t go toward the registration because the account is free to own. Still, you have to use the money to buy the cryptocurrency and start trading it. Once you’ve done that, you can start trading with it. We list the steps for registration below in more detail:
Create an Account – Once you are on the homepage, you are going to be asked to fill in the form. This is only going to take about 15 minutes, but make sure that everything is entered correctly. For example, in the column for your name, you should provide the name that is listed on your government-issued ID card, not your nickname. You should also include a valid email address with your correct telephone or cell phone number.
You should feel confident about entering your personal data on the website. Every anticipation has been taken to make sure that no one can steal your information.
Verification of the ID and Address – For the next step, you must verify your ID and address information. This can take a while, with some people having it completed in an hour and others requiring 24 hours. It takes so long because the brokers have to verify all of your details. That may mean that you might be asked to upload your most recent utility bill so that your current address can be verified appropriately. Keep in mind you may proceed without verifying your account right now, but you are going to have to do this before you can start live trading.
Trade Deposit – For this step (which is the last one), you are going to have to deposit the minimum amount of money to start the trading process. Right now, you only have to put in $250. The brokers for the site accept payment from every major credit and debit card, as well as wire transfers and e-wallets. Of course, other payment forms can include Skill, Neteller, Bitcoin, Ethereum, or Webmoney.
The deposit is going to be reflected into your Bitcoin Up account immediately. Of course, this is the primary reason that you need to use a regulated broker – that way, you are assured that transparency is used for all transactions.
Demo Account Trading – Bitcoin Up allows you to use a demo account to practice trading. This is the time to familiarize yourself with trading aspects. Any mistakes that you make can teach you so that you don’t make them during live trading. Of course, the losses you incur don’t count, and this can give you a better idea of what you can expect. This account is exactly the same as your live account, but you don’t lose your money because you are practicing. Use the demo account to help you see how far you can take it and what risks are best for your needs.
Live Trading – Once you become familiar with the trading aspects, then you can step into live trading. Bitcoin Up allows auto trading, which means you adjust your risk level and can go off and do other things. You should check back in about eight hours to see what has happened. The program automatically sets the risk level at 10 percent, and we feel that this is ideal for beginners.
It’s best to start smaller and reinvest your earnings or increase the amount you trade as you become better and earn profits.
Tips for Achieving the Best Results on Bitcoin Up
Bitcoin Up is an auto-trading tool, but there are some tips you can follow to make sure you achieve the best results possible. These include:
- Try not to monitor the bot all the time because it works better if you leave it alone.
- Trade during the peak Wall Street activity. This is usually UTC/GMT-7 hours.
- Invest smaller amounts. You’re a beginner on the website and should invest lower amounts, increasing as you learn. Plus, you can always reinvest your profits.
- Consider trading with a buddy so that you two can remain focused and keep each other accountable.
Bitcoin Up registration is free, though there is a deposit of $250 required to start trading. This is the minimum amount. You don’t need any money for demo trading, and there are no other expenses with which to deal.
Is Bitcoin Up a scam or legit?
Bitcoin Up is a legitimate platform.
How much can you earn in profits each day?
Many users claim to make good profits, but you must test out the product yourself.
What currencies can you use?
Bitcoin Up allows for many digital currencies, such as Bitcoin.
Everyone isn’t going to feel comfortable enough to trade. However, when using an auto trading bot, you have more security and can depend on your settings. Adjust your risk level, place the trade, and go about your day.
With few people having job security, trading can be a way to make more money. Bitcoin Up is a safe platform that can give you profits.
Disclaimer: This is a paid article. 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.