Bitcoin Trader Reviews -: Is it a scam? [2021]

What is Bitcoin Trader?

Bitcoin trader is defined as a cryptocurrency software, consisting of a fully automated algorithmic trading tool designed to operate in the cryptocurrency market, especially aimed at buying bitcoin .

The creators of bitcoin trader, claim that their algorithmic trading tool takes advantage of the high volatility of the cryptocurrency market to operate and generate high returns for their clients.

The bitcoin trader platform was invented by Gary Roberts in 2017 and has been in the crosshairs of many specialized financial media in which the question or analyze its effectiveness in generating passive income through the cryptocurrency market.

Bitcoin trader in UK

It is possible to operate in Spain on the platform through its version of Bitcoin trader in Spanish. In fact, the Bitcoin trader tool has a global scope and thousands of users around the world have used it to invest in bitcoin.

How does Bitcoin Trader work?

The operation of Bitcoin Trader is different from a normal cryptocurrency buying and selling platform. In which we exchange money for the crypto that we buy, be it EUR / BTC or EUR / ETH for example.

Bitcoin Trader has a platform logic more similar to P2P lending or crowdlending tools, in which users make a deposit of money and the platforms manage the money in an automated way offering a return (if any) to the investor.

Unlike many crowdlending or P2P companies, the former are often regulated by supervisory bodies of the country in which they operate and explain the risks of investing in financial assets. Many offer buyback guarantees with loan originators and fixed returns, and at all times they often explain the risks of investing in that type of financial instrument.

Instead, bitcoin trader uses the concept of "making money fast", make your deposit, put your money in automatic mode and generate passive income with bitcoin trader.

Without explaining in a clear and transparent way that like everything in life, just as you can win, you can lose.

Bitcoin Trader Reviews

There are many opinions on the internet about bitcoin trader as well as whether it is a legal and transparent tool. The controversy about this type of software has even appeared in some television media.

The truth is that the cryptocurrency market, due to its high volatility, carries high risks, as with the Forex market, the world of bitcoin becomes something like cryptocurrency forex .

This means that when we see advertisements for companies, brokers or automated investment management software that guarantee high returns to a very high percentage of users, we have to be suspicious.

Just like the vast majority of day traders lose money, a very large number of cryptocurrency investors (day cryptotraders) also lose money.

Easy money with bitcoin trader

• Accuracy rate of more than 99% : it is frequent to read about the bitcoin trader software on their websites, arguments in which they highlight an accuracy of more than 99% in their software. Remember that there is no current prediction model that allows you to know with that precision range what is going to happen on the stock market or in the cryptocurrency market. "If there were, everyone would be rich."
• Double or triple your money quickly : words like double, triple or quadruple your money, are commonly associated with internet scams. Be wary if you see statements that take for granted that you will multiply your investment in no time.
• Get rich with an investment from € 250 : this is a common claim in the world of investment brokers and software, getting rich with very small investments is practically impossible, to begin with, because the financial leverage that would have to be assumed in operations It is so huge that you could close your investment operation with a 100% loss of the invested capital in a matter of seconds.
• Why sell how to make yourself rich to others, instead of making yourself rich : if software and these types of platforms really provided such high profitability, the logical thing would be that their founders would take advantage of it to enrich themselves, when you hit the stone philosopher that allows you to get rich, you have no need to sell it to other people, on the contrary, you would keep it as a precious stone that is capable of turning into gold, or in this case into bitcoins, everything it touches.

Bitcoin Trader scam?

The above arguments, combined with the opinions that we can read on the internet, could lead us to believe that Bitcoin Trader scams its clients.

There are other indicators, which can lead us to distrust, for example, we do not know for sure which company or company is behind Bitcoin Trader and we do not find it regulated in any of the main financial supervision institutions (CNMV, CySEC, FCA ... .)

Differences between Bitcoin Trader and Cryptocurrency Brokers

1. Security mechanism : if something characterizes cryptocurrency brokers, it is security. Often, after passing a verification process of your account with KYC techniques, they allow you to implement a double security filter as many banks have. On the one hand, your username and password and on the other, a temporary code that is generated on the device to which you have your account / wallet linked (your mobile or tablet) to avoid possible hacks and maximize security. In the case of Bitcoin Trader, registration is very simple and that simplicity also implies a lack of security when accessing our account.
2. Criptomonedas Wallet : one of the main features of criptomonedas brokers are virtual wallets or purses. That is, you exchange fiat money such as euros or dollars, for the cryptocurrency you want to buy, be it investing in Bitcoin, investing in Ethereum, investing in IOTA, etc. On the other hand, in Bitcoin Trader, there is no concept of a crypto wallet, because you are not directly buying cryptocurrencies, you are simply putting your money in a platform that supposedly manages your investment in an automated way.
3. Options to make the deposit : cryptocurrency brokers often use the bank transfer option with a unique and personal token linked to your account to validate the transfer and make the recharge in your wallet. However, Bitcoin Trader stands out mainly as forms of payment, credit or debit cards (be wary of websites that ask for these means of payment and that may not have the secure payment methodology).