Trading robots are the latest development in the crypto universe at the moment. There are more and more offers worldwide where software and computers are now used for trading instead of traders. Bitcoin Billionaire is also such software and the name alone is tempting. Who wouldn’t want to bathe in trillions of bitcoins! (Although this would also be difficult in reality, since it is virtual foreign exchange). But well, the idea remains the same. The fact that an algorithm works for you and that you can easily reap the benefits is particularly appealing. But as tempting as that may sound, crypto robots also have their downsides. There are many reports of fraudulent sites, total losses and a lot of trouble in connection with some providers on the net. How is the new Bitcoin Billionaire crypto robot doing?
Bitcoin Billionaire: how it works
Similar to some of its competitors, the platform offers automatic trading using a crypto robot. The software is intended to generate profits for users through the sale or purchase of digital currencies. Mainly, Bitcoin, currently the strongest and best-known cryptocurrency, is traded here. After a few default settings, the software acts completely independently and continuously analyzes the market, charts and trading signals in order to place a trade at the right moment. The aim should be to use and increase the capital used as best as possible. According to the provider, little more is needed than registering, activating the software and everything else runs automatically. Depending on the market trend, the robot is from Bitcoin Billionaire with the digital currency and (at best) generates profits for the users.OPEN A FREE ACCOUNT
The website: a lot of marketing and high expectations
The Bitcoin Billionaire website has a very similar structure to other providers. Among other things, interested parties can expect a video, centrally integrated on the page, which praises bitcoins and the trade with them in the highest tones. The advantages of the software are also presented.
Some reports from members say that they have already made millions from the bot, with little or no prior knowledge or time. In fact, there have been incredible returns in the past, especially the beginnings of the Bitcoin Era, and yes, some investors have been getting rich with it. But now prices in the markets fluctuate quite a bit – trading with digital coins is a highly speculative investment.
According to the website, Bitcoin Billionaire is expected to generate around $ 6,325 a day on average. That sounds more like excessive self-promotion and should probably mainly attract new customers. Such high expectations probably do not correspond to reality.
Newcomers in particular should be aware that such utopian promises do not necessarily speak for serious marketing. Profits are certainly possible, but so are losses.
Bitcoin Billionaire Registration: three steps to trading
Step 1: Create a free account
If you want to try out the Bitcoin Billionaire offer yourself, you can register quickly and easily: name, email address, telephone number. If you prefer not to be contacted by the provider, you should choose an alternative number or leave the field blank. Next you choose a password. As always, those who are difficult to decipher, i.e. consist of 8 – 12 characters, with numbers, upper and lower case letters and special characters are particularly secure.
Finally, you should read the terms and conditions carefully and, if necessary, save and confirm them for yourself.
Step 2: Deposit
The account is activated with the first deposit and trading can start. At least a capital of $ 250 is necessary, with which you can test the functioning of the trading bot quite well. Bank transfers or credit cards are accepted for the deposit. In addition to US dollars and euros, Bitcoin is also accepted. You will then be directed to Aspen Holding, the broker for trading.
Step 3. Live Trading
Here you can first select some settings that the crypto robot should use. For example, the maximum number of trades per day, the respective maximum amounts, profit limits or loss limits at which the bot should exit. You can trade with cryptos but also other assets. As soon as the software is configured according to your own wishes, the trading robot can start and work around the clock on request.OPEN A FREE ACCOUNT
Advantages or disadvantages: What outweighs Bitcoin Billionaire?
The response is also much faster, so that the program can also be used to place many small, fast trades. Another positive thing about Bitcoin Billionaire is that the website and user interface are available in German, even if the translation quality does not seem to be the best. Registration is also very simple and quick. In contrast to many other platforms, there is also customer support. Users can reach the service staff 24 hours a day. E-mail and a chat function are available for this. According to the majority of the tests, the team is also very solution-oriented and responds quickly.
However, there are disadvantages to the platform, which should not be ignored entirely. On the one hand, detailed information or information about the algorithm or its function cannot be found. The same applies to the developers and minds behind the provider. Since a computer works with real, hard-earned money and ultimately speculates, you have to have a lot of trust in the provider, the technology and the processes. In the end, the use of the trading robot is very risky, even high losses are quite possible.
Serious or fraudulent? What to look for when choosing trading robots.
There are black sheep among all trading platforms in the digital currency world. Unfortunately, reports of dubious practices are read again and again. If you want to use a crypto robot, especially with a new provider on the market, you should check it as best as possible. Intensive internet research is advisable with reports, tests and reviews before making a decision. It is of course even better if there are experiences in the circle of friends or someone already successfully uses a crypto bot. There are also some licensed providers and it would be good if at least the company headquarters is known.
The conclusion about the platform
In test mode, the registration and use of the demo account worked well. The redirection to the broker Aspen seems strange at first. Although the demo version did not trade with real capital, the return was quite acceptable. The extent to which this is also successful in real trade cannot be said in this way.
The crypto robot is based on an algorithm that can actually generate profits, but there is still a certain amount of suspicion because the site is similar to other platforms that have received rather poor reviews on the web. Overall, the experience reports on Bitcoin Billionaire are split: some users report high returns and excellent functionality, while others report that the payment methods were problematic or that profits were withheld. Distinguishing real reviews from fakes is unfortunately a big problem on the web, so caution is always advisable. A crypto robot like Bitcoin Billionaire is more suitable for investors who have enough liquidity, are not dependent on capital and who want or want to take high risks for potential profits. The use of the platform would therefore probably not be recommended for people with a rather conservative investment desire with as few risks as possible and moderate to small growth.OPEN A FREE ACCOUNT
Steve Rogers has a degree in Finance and journalism. He coaches at different educational centers and is a freelance writer for multiple financial outlets and cryptocurrency portals. He has a great passion for the cryptocurrency market and he often writes reviews on new released products in this sector.