Bitcoin Trader Review: Is it a Scam or Legit?

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This post was most recently updated on October 1st, 2020

is crypto trader a scam - Bitcoin Trader Review: Is it a Scam or Legit?
Technology, it is said, helps uplift people’s lives. It presents a myriad of options for people to generate a steady income.  Anyone with a smartphone, laptop or PC and a stable internet connection can start earning an income online by trading cryptocurrency. 


What is cryptocurrency?

A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.

Cryptocurrencies face criticism for a number of reasons, including their use for illegal activities, exchange rate volatility, and vulnerabilities of the infrastructure underlying them. However, they also have been praised for their portability, divisibility, inflation resistance, and transparency.

The first blockchain-based cryptocurrency was Bitcoin, which still remains the most popular and most valuable. Today, there are thousands of alternate cryptocurrencies with various functions and specifications. Some of these are clones or forks of Bitcoin, while others are new currencies that were built from scratch.

Bitcoin was launched in 2009 by an individual or group known by the pseudonym “Satoshi Nakamoto. As of Nov. 2019, there were over 18 million bitcoins in circulation with a total market value of around €146 billion.

Some of the competing cryptocurrencies spawned by Bitcoin’s success, known as “altcoins,” include Litecoin, Peercoin, and Namecoin, as well as Ethereum, Cardano, and EOS. Today, the aggregate value of all the cryptocurrencies in existence is around €214 billion—Bitcoin currently represents more than 68% of the total value.

Bitcoin Trader


Advantages of cryptocurrency

Cryptocurrencies hold the promise of making it easier to transfer funds directly between two parties, without the need for a trusted third party like a bank or credit card company. These transfers are instead secured by the use of public keys and private keys.

In modern cryptocurrency systems, a user’s “wallet,” or account address, has a public key, while the private key is known only to the owner and is used to sign transactions. Fund transfers are completed with minimal processing fees, allowing users to avoid the steep fees charged by banks and financial institutions for electronic fund transfers.

It is now easier to share in the millions of dollars that are generated from the crypto market every day and it all starts with a phenomenon called “Bitcoin Trading”.


What is bitcoin trading?

Bitcoin trading is the act of buying low and selling high. Unlike investing, which means holding Bitcoin for the long run, trading deals with trying to predict price movements by studying the industry as a whole and price graphs in particular. 

Buyers and sellers usually meet on a Bitcoin trading platform. One such platform is called Bitcoin Trader- a platfrom reserved only for those that see the opportunity with Bitcoin and want to take advantage of the high returns it can provide. Bitcoin Trader is suitable for both amateur traders and professional traders alike.

We have reviewed Bitcoin Trader and our goal during this review was to confirm if this crypto trading platform is effective enough to generate a steady daily income.


Bitcoin Trader: Overview

Bitcoin Trader is an advanced trading platform with advanced features created to give traders the edge.  

It’s a popular cryptocurrency trading platform for many reasons, with profitability being top of the list. It has also enjoyed positive reviews by expert traders and investors. 

During this review, our team had a wonderful time testing all the existing features which include a demo live trading feature and 24/7 online customer support. 


Is Bitcoin Trader legit?

There are many misconceptions about trading and the cryptocurrency world within the online spectrum. Therefore, reviews such as this one are necessary for public knowledge. After reviewing, researching client testimonials, and testing the actual software, Bitcoin Trader is an advanced trading system which withstands most of the expectations it has promoted on the website. Judging from great features and overall experience, Bitcoin Trader appears to be a well-founded platform to trade on.

Bitcoin Trader further enhances its legitimacy by having a demo account feature which allows new users/investors who would like to observe how the live trading sessions work to study the demo trading feature for free. Demo trading can be done without making a deposit, and when the user is satisfied, they can proceed to start a live trading session which involves the use of real money. Having this astute feature is a useful resource, especially for beginners.

Bitcoin Trader


How does Bitcoin Trader work?

The Bitcoin Trader software has been created using the most advanced programming the trading world has ever seen. The software is ahead of the markets by 0.01 seconds and this “time leap” makes the software the most consistent trading app on the planet. This app also possesses laser accurate performance of 99.4% when compared to similar apps on the market.

The steps to make money with Bitcoin Trader are simple. Investors just create an account (free of charge) with an accurate user profile, once it’s approved you make a deposit and start trading.   

Once the trading application is activated, it scans the cryptocurrency market- it has a goal to search for the best deals on the market. These deals are identified, secured and completed quickly. When trading deals are completed, the system runs the cycle again, in the process it increases the profit earned by the account owner.


Steps to get started

Creating a Bitcoin Trader account is simple and should take you less than 10 minutes to complete. The steps are as follows:

Step 1: Account Registration

Download the account opening form and complete the following details:

  • Your Name
  • An Email Address 
  • Country Origin
  • A Phone Number

You will be prompted to create a strong password: the best would be alphanumeric and not easily decoded. Remember not to share this with anyone. 

Official Bitcoin Trader Registration

bitcoin trader logo 300x120 1 - Bitcoin Trader Review: Is it a Scam or Legit?

4.7

Our rating

Register for your Bitcoin Trader account through 7bitcoins and receive a FREE Personal Account Manager to walk you through your account setup process.

Step 2: Making a deposit

Once your application to open a free trading account has been reviewed and accepted, you can instantly access your account. The minimum deposit is only €250, and the maximum deposit value is €15,000. To make a deposit, users can select any of the payment options on the platform. These may include but not limited to MasterCard, PayPal, WebMoney and Visa. Other bespoke cryptocurrencies, such as Litecoin and Ethereum, among others, have been featured.

Step 3:  Demo Trading 

The demo trading feature experience was nothing short of amazing. We were afforded the opportunity to understand how trading works and how the system can help us make a profit from trades. The demo trading feature is a duplicate of an actual live trade without the use of real money. It showcases how the platform operates. The demo trade features a dashboard just like the real one used on the live platform. Please note: you cannot receive your profits made on the demo account as it is not the live platform, should you wish to profit in real money you may deposit the minimum amount of €250 to gain real profit on the live trading platform. WE HIGHLY RECOMMEND THAT IF YOU ARE NEW TO TRADING, YOU START OFF WITH DEMO TRADING!

Step 4: Live Trading

After making a deposit, you then get to activate the automated trading feature and select your trading settings. Within this process you choose the risk levels you are comfortable with depending on what your monetary goal is.  You may set the maximum trades that can be done daily to find balance on what amount you want to profit daily. You also get to choose your preferred currency trading pairs. Alternatively, you can activate the auto trading feature with one click, and then it proceeds to do all the work. The live trading experience revealed that it is very convenient for full time employees and other busy people to start trading with Bitcoin Trader. The time spent activating and ending a live trading session is up to ten minutes in total. 


Features of Bitcoin Trader

The Bitcoin Trader platform is equipped with some great features that make the live trading experience a success. It is therefore not surprising that the program has won a number of awards in the financial industry and has been acknowledged for its accomplishments in software technology. Here are some of the features that make this a great platform:

Payout feature: 

The Bitcoin Trader payout feature is fully automated thus requires no prompting. After ending our live session, it automatically calculated our earnings and the funds were credited into our Bitcoin Trader account. It’s worth a mention that there are no hidden costs and the whole process is totally transparent. 

Withdrawal feature:

Making a withdrawal from your Bitcoin Trader account is effortless: you just complete the onsite withdrawal form and the funds are credited into your account in just 24 hours.

Demo trading feature:

This was our favourite feature on the entire platform as it allows new investors to give the platform a test run without investing real money. The demo trade features a dashboard just like the real one used on the live platform and investors get to experience all the platform features before committing their hard earned money. 

Customer service feature:

One of the best features on the Bitcoin Trader platform is the 24/7 live support which can easily be reached with just one click of a button and from any page on the site. Additionally there is also an e-mail support feature which we found to be quite prompt in responding. 

Bitcoin Trader


Why is Bitcoin Trader Recommended

The overall trading experience on Bitcoin Trader was seamless and hassle-free. We did not experience any system glitches or delays and that is a very important consideration in the crypto trading market, as downtimes can lead to missed opportunities. 

We found the following factors worthy of a mention:

∙Secure trading platform– the Bitcoin Trader platform is equipped with the best anti-virus and malware programs in the market.

∙Fast transactions– we were quite impressed with the performance of the Bitcoin Trader system- it detects and completes transactions in seconds. 

∙Fast withdrawals– the withdrawal process on this platform has an astounding turnaround time of 24 hours. 

∙Online customer support– customer experience is very important in this market and Bitcoin Trader support  team is efficient.

∙Pinpoint results– the Bitcoin Trader software has a 95% success rate with reading ahead of the market to allow its members to profit from their investment.

∙Nextgen-software– the Bitcoin Trader software is ahead of the times… literally. The software is ahead of the markets by 0.01 seconds. This ‘time gap’ makes the software the most consistent trading app on the planet and allows you to have the edge.


FINAL VERDICT: COULD FINANCIAL FREEDOM BE ACHIEVED THROUGH BITCOIN TRADER?

We’re happy to say that we have added Bitcoin Trader to our list of profitable crypto currency trading platforms thanks to the amazing features on the platform. We have no doubt that anyone who tries this platform will be able to make profits daily like we have and be on their way to achieving financial freedom. 

Bitcoin Trader


FAQs

  • Will I get rich from Bitcoin Trader?

Most members profit from €500 to €2000 but this depends on how much you invest and how much time you put into the program.

  • How long do I have to work each day?

Working 30 minutes a day will be sufficient but the more time you spend, the more money is earned.

  • Do I need to own a PC?

No, you can work the program from a tablet or mobile phone.

  • How much will this cost me?

Nothing, you just have to invest. You are able to withdraw your investment at any time.

  • Are there any fees?

Other than your investment, which you can withdraw at any time, the program will take a small percentage to cover the software running costs and to pay for your account manager’s time.

  • How long does it take to start making money?

You can start making money instantly. Deposit €250 into your account straight away, then you will get priority and your Account Manager will phone you within 30mins (Mon-Fri).


Bitcoin Price Predictions

Chamath Palihapitiya- $1,000,000 (by 2037)

Chamath Palihapaitiya is the co-owner of the Golden State Warriors and the founder of Social Capital. It is reported that his bitcoin journey started with a bitcoin investment made back in 2012. In 2013, it is claimed that he included bitcoin into his hedge fund, general fund and private account. Palihapitiya has predicted that the Bitcoin Price will reach $100,000 in the next few years.

In reports, he has said:

This thing has the potential to be comparable to the value of gold…This is a fantastic hedge and store of value against autocratic regimes and banking infrastructure that we know is corrosive to how the world needs to work properly”.

Wences Casares- $1,000,000 (by 2027)

Wences Casares is the founder and CEO of Xapo, which is a Bitcoin Wallet startup. He is also reported to be a board member at Paypal, among other roles. Wences interest in bitcoin first started when high financial volatility hit his home country in, Peso, Argentina. Wences bought his first bitcoins in 2011. He has predicted that bitcoin will hit $1 million sometime before 2027.

John Pfeffer- $700,00 (no date provided)

John Pfeffer is a partner at London-based family office Pfeffer Capital. It has been reported that Pfeffer set a bold price target for bitcoin of $700,000. According to Pfeffer, bitcoin is the world’s first viable replacement for gold.

Jeremy Liew- $500,000 (by 2030)

Jeremy Liew is a partner at Lightspeed Venture Partners, which is renowned as the first investor in the social media app Snapchat. Liew has a long list of other investments including the multimedia company Beme, Varage Scale and Wallet Ledger. Currently, his net worth is estimated at approximately $2 billion.

It has been reported that Liew has said that the price of bitcoin can realistically reach $500,000 by 2030.

Mark Yusko-$400,00 (no date provided)

Mark Yusko is a billionaire investor and the founder of Morgan Creek Capital. It is has been reported that Yusko’s prediction for bitcoin is that it will be worth over $400,000 in the next few years. His statement has apparently made headlines for its grandiose scale. It has been reported that Yusko had the following to say about bitcoin:

“It’s just math. It is the gold equivalent…there are about 20 million Bitcoin available today. Gold today is about $8 trillion. That gives you $400,000. And that doesn’t include use cases that relate to currency,” Yusko said.

Roger Ver – $250,000 (no date)

Roger Ver is an early investor in Bitcoin and related blockchain startups. Born in the US and now with citizenship in Saint Kitts and Nevis, Ver started his business career with a computer parts business, MemoryDealers.com. By early 2011, Ver had begun investing in Bitcoin, now with a portfolio including startups like Bitinstant, Ripple, Blockchain, Bitpay, and Kraken.

In an interview with Jeff Berwick, for The Dollar Vigilante blog, Roger Ver said in October 2015 that Bitcoin “could very easily be worth $2,500, or $25,000 per Bitcoin, or even $250,000 per Bitcoin”. Ver’s estimate is based on the principles of supply and demand, which he believes creates great potential for Bitcoin as a store of value.

Anthony Pompliano – $100,000 (by 2021)

Anthony Pompliano is a well-known Bitcoin personality. He’s a founder and partner at Morgan Creek Digital, a crypto-friendly asset management firm for institutional investors. He has previously claimed that he holds more than 50% of his net worth in Bitcoin, showing his belief in the cryptocurrency.

Pompliano has predicted that Bitcoin will hit $100,000 by the end of December 2021. At the time of the prediction (February 2020), Bitcoin had just reached the $10,000 mark, meaning the currency would need a 1,000% increase — within just two years — to reach his target. His prediction would put the market cap of Bitcoin at more than $2 trillion.

Kay Van-Petersen – $100,000 (by 2027)

Kay Van-Petersen is an analyst at Saxo Bank, a Danish investment bank which specializes in online trading and investment. Based out of Singapore with an MSc in Applied Economics & Finance from Copenhagen Business School, Van-Petersen is an active Twitter user with no fear of speculating on tough topics like the prices of cryptocurrencies.

Van-Petersen believes that Bitcoin will rise to $100,000 per unit by 2027, according to a feature by CNBC news published in May 2017. As the man who successfully predicted Bitcoin’s flow up to $2,000 by 2017, Kay Van-Petersen’s most recent estimate, perhaps a little optimistic, suggests that Bitcoin would then account for 10% of the volume in the foreign exchange market.

Tom Lee – $91,000 (by 2020)

Tom Lee is Co-Founder of the market strategy firm Fundstrat Global Advisors, and a well-known bitcoin bull. Lee initially set a Bitcoin price target for $11,500 for mid-2018, and then increased it to $20,000 as the cryptocurrency’s intrinsic value increased. These targets were instead achieved by the end of 2017.

He recently upped his prediction again, stating that Bitcoin’s price will reach $91,000 by March 2020, on the basis of a chart that shows Bitcoin’s (BTC) performances after past market dips. Lee and Fundstrat used an average of the percentage gained in price after each dip to arrive at the 2020 figure.

Tai Lopez – $60,000 (mid-term)

Tai Lopez is a renowned investor and internet marketing expert, famed for a viral video he had filmed in his garage. He believes that if a small portion (1%) of the assets of millionaires globally is invested into Bitcoin in the upcoming months, the price of Bitcoin could justifiably grow to around $60,000.

Given that the adoption of Bitcoin as a store of value and a medium of exchange within the global finance market is increasing exponentially, $60,000 remains a viable mid-term price target even for conservative investors. Only time will tell when/if this prediction is reached, though.


Other Crypto Trading Applications

Bitcoin Lifestyle Review Bitcoin Revolution Review Bitcoin Digital Review Bitcoin Rush Review Bitcoin Profit Review
Bitcoin Loophole Review Bitcoin Code Review Crypto Trader Review Bitcoin Evolution Review  Bitcoin Circuit Review

Glossary of Terms for Trading Platforms

Terms Description 
Platform Fee Some trading platforms charge traders a fee to use the platform and access its tools. This may be a monthly or annual subscription fee. 
Cost per trade Cost per trade is commonly referred to as a base trade fee. This fee is charged to traders by brokers every time a trade is placed. Some brokers offer their traders discounts or charge a lower cost per trade for voluminous trades.
Margin A margin is the amount needed in an account to maintain a trade with leverage. 
Social trading Social trading refers to the interaction and exchange of trade ideas, signals and trade settings between the different classes of traders.
Copy Trading Copy Trading is commonly referred to as mirror trading and is a form of online trading that involves copying successful trading strategies/settings from other traders. It is commonly used by new, inexperienced traders and assists these traders in gaining experience. 
Financial instruments A financial instrument is basically proof of ownership or financial commodities of monetary contracts between two people, or parties. Within the money market, financial instruments are basically shares, stocks, bonds, Forex and crypto CFDs and other contractual obligations between different parties.
Index An index tracks and measures the performance of financial instruments on the financial market. 
Commodities Commodities commonly refer to raw materials that are used in the production of agricultural goods. Some of the common commodities on the financial market is oil, gas, corn, coffee and precious metals. 
Exchange-Traded Funds (ETFs) An ETF refers to funds that can be traded on exchange. The fund is a basket containing multiple securities such as stocks. 
Contract for difference (CFD) CFDs refers to a form of contractual trading that involves speculating the performance of a specific trade on the market. This includes stocks, commodities and cryptocurrencies 
Minimum investment A minimum investment is the amount charged to activate live trade. A minimum investment is usually only charged once and is only required once a trader has registered and agreed to commence live trading. 
Daily trading limit A daily trading limit is a setting that can be activated on a trading platform to control the lowest and highest amount that a security is allowed to fluctuate, in one trading session, at the exchange where it’s traded.
Day Traders  Day traders only open and close trades during the day. Forex traders are usually referred to as day traders. 
Arbitrage Arbitrage refers to the simultaneous purchase and sale of an asset in order to make a profit from a difference in price. 
Broker Brokers are commonly individuals or a company that handles trading transactions on behalf of a trader. Brokers usually assist in making the trading process easier. 
Carrying Charge Commodities such as grains and metals, the cost of storage space, and financial charges incurred by holding a physical commodity.
Cash commodity  A physical commodity that someone is selling. Such as, gold or silver. 
Day order The purchase and sale of a futures or an options contract on the same day, thus ending the day with no established position in the market or being flat.
Deferred Month The more distant month(s) in which futures trading is taking place, as distinguished from the nearby (delivery) month.
Deliverable Grades The standard grades of commodities or instruments listed in the rules of the exchanges that must be met when delivering cash commodities against futures contracts. Grades are often accompanied by a schedule of discounts and premiums allowable for delivery of commodities of lesser or greater quality than the standard called for by the exchange.
Good till Canceled (GTC) An order worked by a broker until it can be filled or until canceled
Last trading day  The final day when trading may occur in a given futures or options contract month
Leverage Leverage refers to the ability to control large dollar amounts of a commodity with a comparatively small amount of capital.
Maintenance Margin A maintenance margin is the minimum value that you must keep in your account in order to continue to hold a position. The Maintenance Margin is typically less than the Initial Margin, and also differs by contract.
Margin Call A demand from a clearinghouse to a clearing member, or from a brokerage firm to a customer, to bring margin deposits up to a minimum level required to support the positions held.
Mark-To-Market (Marked-To-Market) A daily accounting entry that is the bedrock of regulated futures bookkeeping. It’s the end-of-day adjustment made to trading accounts to reflect profits and losses on existing positions. 
Pit The Pit refers to a specially constructed arena on a trading floor of some exchanges where trading in a futures contract is conducted.
Position A position refers to a market commitment. Usually a buyer of an initial futures contract is said to have a long position and a seller of an initial futures contract is said to have a short position.
Settlement Price This refers to the last price paid for a commodity on any trading day.
Spreading Spreading refers to the simultaneous buying and selling of two related markets with the expectation that a profit will be made when the position is offset. 
Spread  A spread refers to the price difference between two related markets or commodities.
Stop Order A stop order is commonly referred to as a stop loss order. It’s an order to buy or sell when the market reaches a specified point. A stop order to buy becomes a market order when the futures contract trades at or above the stop price.
Scalp Scalp refers to trading for small gains. Scalping normally involves establishing and liquidating a position quickly, usually within the same day, hour or even just a few minutes.
Open Order  An order to a broker that is good until it is canceled or executed.Other wise known as GTC.
Open Outcry A method of public auctioning for making verbal offers in trading pits.
Price Discovery Price discovery basically refers to information about future markets.It has been claimed that future markets is where original price discovery began. 
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