Bitcoin System is a cryptocurrency trading bot that provides traders with an opportunity to make profitable automated trades rather than monitor the crypto markets themselves 24/7.
Trading bots have become especially popular in the past few years, echoing the increasing appeal of cryptocurrencies globally. As the demand for trading bots increases, many wonder how trading robots work and if they’re legitimate.
In this Bitcoin System review, we explore the basics of the software, its claimed winrate and how to set it up.
Bitcoin System Summary
From browsing other Bitcoin System reviews online and the official website this is an overview of the supported cryptos alongside Bitcoin and the payouts:
| Supported Cryptocurrencies | BTC, BTG, BCH, ETH, LTC, NEO, XRP, BNB, IOTA, DASH, ZEC, ETC, ADA, EOS |
| Mobile App? | No |
| Trading Fees? | None |
| Withdrawal Duration | 24 hours |
| Demo Account? | Yes |
| Minimum Deposit | $250 |
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
What is Bitcoin System?
Bitcoin System is a cryptocurrency trading bot dedicated to helping investors make successful trades in the market. The bot focuses on improving traders’ speed and accuracy, finding the right spots for market entries and exits, and executing trades.
There is very little information about the app’s developers. This is similar to the other auto trading robots we’ve reviewed in the past, like Immediate Edge. Of course, this isn’t so uncommon – a lot of people who build crypto trading tools tend to keep their identity private for various reasons.
The trading bot was built as a flexible trading tool, offering manual and automated trading functionalities. The bot is said to work for beginners and advanced traders.
Bitcoin System claims to use artificial intelligence and machine learning to analyse the market and the current prevalent trends. These sophisticated software cover both the technical and fundamental aspects of a digital asset to gain a fuller insight into the crypto market.
With its use of market data, the Bitcoin System robot is said to look into numerous available cryptocurrencies to find the right entry and exit points for trades. This is done in combination with its high-frequency system.
The trading bot’s developers claim that the bot is 0.5 seconds as quick as the market itself. We couldn’t verify this, but the developers proclaim that this is what makes it so accurate. We also could not find any information on the bot’s claimed success rate, although the industry standard is a claimed success rate of 80% to 99%.
Bitcoin System Pros & Cons
Pros
- Multi-currency support
- No hidden fees
- Intuitive platform compatible with MT4 and WebTrader
Cons
- No Bitcoin System app
- Anonymous developers
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
How Does Bitcoin System Work?
Bitcoin System can buy Bitcoin and other digital assets on your behalf as an automated robot.
The trading bot is said to combine artificial intelligence (AI) and machine learning (ML) with a high-frequency system to facilitate trades. AI and ML help the bot with analysing the market’s current trends.
You should note that this bot does not trade the cryptocurrencies themselves. Instead, it trades contracts for difference (CFDs). These are derivative financial products that give you the right to buy or sell an asset at a later time and a given price. The difference between the asset’s current price and the price when the contract expires will determine your profit or loss.
The internet has Bitcoin System reviews. What we found out during our research is that once activated, this trading robot is said to secure trade opportunities for investors with its high-frequency trading system.
Of course, advanced traders with more technical knowledge can set parameters for the bot to follow after doing their research.
Once the Bitcoin System robot has analysed the market and identified trades, they execute the trades on behalf of the users via its partner platforms.
Bitcoin System asserts that it works with a network of brokers. These brokers are connected to your account when you sign up for the bot, and they handle some of the more critical parts of trading – including trade execution and management.
Bitcoin System won’t store your digital assets on its platform. Your funds would be stored with a third-party in escrow.
Besides crypto, we also found that the Bitcoin System helps investors trade crypto FX pairs. The bot’s developers claim that its brokers can allow you to trade with up to 1:100 leverage. This presents additional earning opportunities for savvy investors who want to play in both markets. With its numerous features, you might ask, “Is Bitcoin System legit?”
As stated earlier, we could not verify the Bitcoin System bot’s legitimacy. Its developers made several claims that we couldn’t confirm.
You need to remember that all trades carry risks. The crypto market is very volatile. Only enter trades when you’re sure of them, and apply the right risk parameters and trade management protocols.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
Bitcoin System Key Features
While most crypto trading bots only allow you to buy Ethereum and a few other crypto assets, the Bitcoin System offers support for over ten digital assets, including Bitcoin (BTC), Ether (ETH), Binance Coin (BNB), Litecoin (LTC), Ripple (XRP), and.
One of the hallmarks of a solid crypto trading bot is a demo account. The developers promise that all users will get one.
The demo account is great for when you want to perform a Bitcoin System test. It allows you to test out your strategies if you’re an advanced trader, offering a simulation of a real trading scenario. With this, you can test the effectiveness of your strategy and ensure that it is solid.
The demo account also works for beginners who would like to get a feeling of the Bitcoin System robot before they start trading. Using the demo account, you can test the interface, take the features on a spin, and generally get acclimatised to Bitcoin System.
One of the most prominent features of the Bitcoin System developers is that they claim to work with a network of brokers who help them handle trades. We couldn’t verify the details of the exact brokers they partner with, but this is similar to the workings of other crypto bots that we’ve reviewed, including the likes of Bitcoin Buyer and Bitcoin Era.
Fees are one area where the Bitcoin System trading bot shines. The bot allows you to buy cryptocurrency and trade them without paying exorbitant fees. There are no hidden fees when you use the Bitcoin System software. However, while this robot is fee-free, the brokers where the trades would be placed might charge investors an extra fee. These fees could involve spreads, account management or even trading fees.
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Suitable for Beginners – No Experience Required
Bitcoin System works for both beginners and advanced crypto traders as a versatile trading bot. Beginners will love the bot’s easy-to-use interface, which simplifies the process for newbies to invest in cryptocurrency seamlessly. Another essential feature is the demo account. It makes it possible for new traders to learn how Bitcoin System works without trading a cent.
Bitcoin System’s developers argue that investors don’t need to do much research as the trading bot can do most of the heavy lifting for you. However, we recommend carrying out your research. The crypto market is extremely volatile, and you need to be careful when executing trades.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
Bitcoin System Fees
So, what are the fees involved if you’re ready to get started with the Bitcoin System robot? This section explains the breakdown of the costs structure for traders who plan to use this trading software.
| Trading Commissions | None |
| Account Opening Fee | None |
| Maintenance Fees | None |
| Withdrawal Fees | None |
As shown in the table above, the founders’ of this Bitcoin robot do not charge anything extra from customers. The only cost involved with using this trading robot is the minimum deposit of $250, which we can’t classify as a fee. The minimum deposit is the initial or minimum amount required before you can activate this software.
Is Bitcoin System a Scam?
Is Bitcoin System a scam? Given some of the information provided, it’s difficult to say. The website has the hallmarks of a business that’s thriving. The homepage is littered with charts and a mini help centre that explains how the robot works.
The platform works with various brokers who handle trading for investors. It also comes with a demo account that beginner traders would find helpful as they look to learn the ropes. A demo account is vital for testing the waters regarding online trading. This way, you can play with the system using paper money. Once you’re satisfied and confident in the platform, you can fund your account to buy cryptocurrency safely.
Despite these assurances, we recommend approaching this Bitcoin bot with caution. Crypto trading is a volatile activity, and you want to be sure of your strategy before you proceed.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
Bitcoin System Minimum Deposit
The minimum deposit on Bitcoin System is $250. This amount is competitive with other bots. The bitcoin robot requires this deposit to implement the trading strategies to generate returns for investors. We did notice that Bitcoin System didn’t stipulate any funding option on their website. However, it’s common for many software in this niche to accept popular funding options such as debit /credit cards and bank wire options. It’s likely Bitcoin System accepts these also.
Bitcoin System Customer Support
The bot’s developers claim to have a responsive customer service unit that is available round the clock. If you have issues with registration, trading, or completing transactions, you can reach out to them for a response. As noted earlier, Bitcoin System has a mini-FAQ section that briefly explains what the project is and how it works.
How to Use Bitcoin System
After exploring how Bitcoin System works, let’s examine how to use it. Since there’s no Bitcoin System mobile app, your signup process will need to be completed on the desktop platform.
Head to the Bitcoin System homepage and click on the “Register” button at the top corner. Fill in your name, Email address, and phone number to sign up.
Bitcoin System will connect you with one of its brokers in your regions and you will be redirected to your profile page.
The demo account is not a necessity. But we recommend starting your trading journey with paper funds. It can help new investors to get the hang of the trading bot before investing their funds in the software. This way, you can find out if the crypto bot is for you before funding your account.
The next step is to make a deposit. Go to the “Deposit” section on the bot and enter your financial details. The bot also has a minimum deposit balance of $250. This would activate the robot and allow it to trade effectively.
Bitcoin System’s developers claim that the bot allows you to deposit using cards, crypto, and bank transfers. We couldn’t verify this, but you can sign up and examine the payment channels available.
Once your account is funded and satisfied with the demo account; you can head to the live trading feature.
The Verdict
With the crypto market becoming more popular, many investors have become attracted to the sector due to its low barrier to entry and wild price swings. This is what makes crypto trading bots so popular. They claim to take the stress of research off your shoulders, allowing you to automate and make income from the global market.
Bitcoin System is a new crypto trading bot that has gotten a lot of reviews from experts. But we couldn’t verify a lot of its developers’ claims, and the market’s volatility makes it critical for you to test out your trading strategies before you proceed.
Crypto assets are a highly volatile unregulated investment product. Your capital is at risk.
Frequently Asked Questions on Bitcoin System
What is Bitcoin System?
Is Bitcoin System Legit?
How Do I Join Bitcoin System?
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