Bit AI Method Review 2023– Scam or Legit?
Bit AI Method is a brand-new auto trading robot that could be used to maximize your profits in the crypto market. In this Bit AI method review we take a closer look at the platform to determine whether or not it is a safe tool to use for your trading.
When using any type of automated trading tool, it is important to understand the risks involved; profits can never be guaranteed. Even though Bit AI Method uses advanced algorithms to determine trades there is always room for risk.
Bit AI Method overview
Your money is at risk.
Algorithmic Bitcoin trading platform
BTC, ETH, BNB, XRP, ADA, SOL, BCH
Credit card, debit card, wire transfer, PayPal
MetaTrader 4, web trader
All countries except USA
Your money is at risk.
Bit AI Method Complete Review
Below we take a closer look at Bit AI Method to establish the platform’s key features, the pros and cons of using Bit AI Method and whether or not it is a scam or legit.
What is Bit AI Method?
Bit AI Method is a brand-new robot trading tool that can be used to trade bitcoin and other crypto assets. The platform claims to be able to help users maximize their profits in the crypto market using AI and algorithmic technology. The trading platform is an online application that can be used on either mobile or desktop devices. Bit AI Method was created by a team of experts however the website does not reveal exact details of who created the platform.
Like many other robots Bit AI Method can be used to automate the trading process however this platform stands out because it also allows users to manually place trades and use the tool to simply analyze the market.
Traders can also use Bit AI Method as a form of trading signal. This way users can take advantage of the algorithm at technology while still managing their trades themselves to reduce the risk and ensure that the trade is being placed in line with their individual strategy.
How Does Bit AI Method Work?
At its core, Bit AI Method is an algorithmic tool that uses AI and mathematical algorithms to make predictions about the future price of crypto assets. To do this the platform will search for potential trends or patterns and place trades before they take off.
For example, the algorithm may detect a potential bull run and place a buy order before the run reaches its limit. The platform will then sell the asset before the price drops back down.
If traders don’t want to automate their trading with Bit AI Method they can instead use the platform to guide their own trading decisions. To do this, traders could simply take a note of the suggestions being made by the trading platform and then conduct their own analysis to decide whether or not to place the trade.
Bit AI Method also offers some helpful resources that can be used to learn more about Bitcoin trading. In particular the platform aims to help new traders understand how they can make money from the crypto market. The exact resources available to traders is unclear on the platform’s website.
Your money is at risk.
Bit AI Method Pros and Cons
Key Features of Bit AI Method
The next section of our review will focus on the key features of the automated trading platform. The best trading platforms should have a range of features that support trading including customer service, low fees, charting tools, research resources and multiple assets to trade. Let’s take a look at the key features of Bit AI Method.
✔️ Bit AI Method auto trading
One of the main features that is offered by Bit AI Method is its auto trading platform. The auto trader allows users to passively trade throughout the day and let the algorithmic trading tool make all of the decisions on their behalf.
The main benefit of using an auto trader is that it allows traders to trade in the background of their day-to-day so that key market opportunities are not missed.
However it can also make managing a portfolio more difficult. Auto traders will place trades on even if they are likely to be unsuccessful. Therefore it is important that traders watch the trades being placed and cancel any trades that seem like they are losing money.
✔️ Educational resources
For traders who want to learn more about the market, Bit AI Method offers a range of educational resources. However the exact resources available on the platform are unclear.
It could also be possible to use But AI Method as a learning resource itself. The auto trader could provide insight into which trends and patterns could result in profit. It should be noted here that traders should always conduct their own research as well as using a bot to navigate the market. While trading bots are made to be accurate, there is always room for error and the market can never be 100% predicted.
✔️ MetaTrader 4
According to the Bit AI Method website the platform is compatible with the MetaTrader 4 charting tool. Metatrader4 is a well renowned tool that is used by both beginners and experts to conduct analysis and place trades.
MetaTrader 4 can be used to trade a variety of assets including forex crypto assets and CFDs. Metatrader4 is available on both desktop and mobile devices which means that traders can keep an eye on their trades throughout the day.
The charting tool is fairly easy to use and navigate. This is due to a seamless user interface that offers everything that traders might need to make informed decisions about trading. This includes the ability to set a stop loss and take profit targets.
✔️ Bit AI Method Web Trader
As well as providing traders with access to the MetaTrader 4 platform that AI method also includes its own web trader charting tool. The Web trader is also available on both mobile and desktop devices.
✔️Security and regulation
Bit AI Method has been met with some controversy over whether or not it is a scam. From our review we can determine that the website is protected by an SSL certificate which ensures that user data is kept safe.
However the platform is not regulated by any financial authority and there is no information available about any other security features that may be in place.
When using platforms that aren’t regulated and lack transparency about their security measures, it is important to be extra safe and make sure that your risk management strategy is up-to-date.
✔️ Asset availability
Bit AI Method is a crypto trading platform that focuses on Bitcoin but also provides traders access to other crypto assets including Ethereum, Binance Coin, Ripple and others.
The platform offers both traditional crypto asset trading and crypto CFD trading. Users should check the CFD crypto trading is legal in their jurisdiction before using this feature.
✔️ Demo trading account
Traders can use all of the features that are provided by Bit AI Method without putting any money at risk through the demo trading account. The demo trader is available to all users who fund their account and can be used for as long as needed.
The demo trading account aims to reflect real market conditions and can be used to test out the auto trading tools before using the platform to place real trades. However, users should be aware that past performance does not predict future results. A strategy may be profitable in the demo trader but this does not mean that it will return profits in real conditions.
✔️ Bit AI Method customer service
There is no information available about the customer service that is offered by Bit AI Method. Although, the website does mention an email address that users can use to contact the help team if they need any assistance. The lack of customer service options is something to keep in mind before signing up to the platform.
✔️ Platform fees
Traders will be happy to know that Bit AI Method charges zero fees across the platform. That means that you can use the tool without paying any management fees, withdrawal/deposit fees, trading fees or inactivity fees. It is worth keeping in mind that some payment providers may charge you for deposit or withdrawing funds. However, the platform itself does not charge for this.
The only charge that users will come across when using the Bit AI Method is the minimum deposit of $250. Traders must deposit this before they can access any of the features that are offered by the Bit AI Method robot.
✔️ Registration process
Long registration processes can easily put users off from signing up to a platform. Luckily, Bit AI Method’s registration is easy and can be completed in less than 20 minutes. To apply, you will need to fill in a basic registration form and then answer a phone call from a partnered broker.
Your money is at risk.
Is Bit AI Method a Legit Trading Platform?
Yes. Bit AI Method is a legitimate trading platform that can be used to automate the trading process and place trades on the behalf of users. However, the platform cannot guarantee profits.
Trading robots like Bit AI Method have a reputation for being shut down by regulators. Therefore, it is important to be aware of the risks involved with using this type of tool and to only invest money that you can afford to lose. The website does not provide any information about any financial protection that is provided to its users. So, if the platform gets taken down, traders could lose the money that is in their account.
The Bit AI Method website claims that the tool has been featured in some reputable publications including the Financial Times and CNN. However, there is no evidence to support this claim. The platform is very new and we cannot say for sure whether it delivers the results that are promised.
How Much Money Can You Make With Bit AI Method?
The Bit AI Method website claims to return a high success rate. The exact rate is not stated and users should be cautious when using platforms that claim high returns. The crypto market is very volatile and it is very rare that returns are high.
In What Countries Is Bit AI Method Available?
The Bit AI Method platform is available in all countries except the US. This is due to the fact that the platform is not regulated. Users should double check the legal standing of Bitcoin trading robots in their country before signing up to the platform. Crypto regulations change regularly and other countries may also be exempt from using the platform to trade.
Does Bit AI Method Offer A Free Trial?
Bit AI Method is free to use for all traders. However, traders must deposit a minimum of $250 to access the platform. It is not possible to use the trading platform without depositing these funds. The best way to test out the platform for free is to use the demo account. Traders are free to use the demo feature for as long as they would like before placing live trades.
Your money is at risk.
How To Use Bit AI Method- Step-by-Step
The process of using Bit AI Method is fairly simple and users can get started in less than 20 minutes. Below, we explain exactly how to sign up to the platform, deposit funds and start trading.
Step 1: Register to Bit AI Method
Registering an account to fill-in the signup form that is available on the website. This requires a phone number, email address, full name and password. The registration form should take around 15 minutes to complete.
Step 2: Complete phone call verification
After filling in the registration form, you will receive a phone call from a partner broker. The broker will ask you questions about your trading goals and experience. You will then be given access to the Bit AI Method trading platform.
Step 3: Deposit funds
The next step is to fund your trading account. The minimum deposit is $250. We recommend starting with just the minimum deposit until you are confident with the trading tool.
Deposit options that are available include PayPal, bank transfer, credit card and debit card. It is important to note that you may be charged by your bank account for depositing funds into the platform. However the platform itself does not charge any fees for this.
Step 4: Use the demo trader
You can test out the Bit AI Method trading platform for free without putting any money at risk by using the demo trading account. The demo trading account can be accessed from the main dashboard.
Step 5: Live trading
After practicing with the demo account you will be able to start live trading with the Bit AI Method trading platform. Live trading puts your money at risk so it is important that you don’t switch to this feature until you are comfortable with the platform.
As we have mentioned above it is possible to switch between demo trading and live trading when you use the Bit AI method. This means that traders can test strategies as they go and use the demo account to make amendments to the current strategies that may not be working.
Step 6: Withdraw profits
If you make profits using Bit AI Method, it is wise to withdraw them from your account as soon as possible. There is no information about the security of Bit AI Method accounts which means that your funds are not 100% protected.
According to the website, it is possible to withdraw funds at any time. It is also possible to close the trading account by getting in touch with customer services.
Your money is at risk.
How To Use A Trading Bot Safely in 2023
Automated trading tools, such as Bit AI Method, can help to improve your trading. However there are risks involved with using such tools, especially when traders rely solely on the algorithms to manage their trades.
It is important that traders carefully monitor the trades that are being placed and conduct their own research alongside using the bot. Here are some top tips to keep yourself safe whilst using automatic trading tools in 2023.
1.Don’t invest more than you can afford to lose
The crypto market is highly volatile which means that any money you invest in Bit AI Method is at risk. Therefore, traders should only trade with funds that they can afford to lose. A successful run of trades can make it tempting to put more money into the platform but it is important to understand that the market can turn at any time and no platform can generate a 100% success rate.
2. Keep up-to-date market news
It is important to stay up-to-date with the latest crypto news. News can greatly impact the price of an asset and change the direction of the market. For example, the collapse of a crypto exchange could create a bear market as investors rush to sell their tokens.
Algorithmic trading tools may not take news events into account. Therefore, if you rely solely on these tools to trade, you could get caught out by the market. Instead, traders should monitor the market and cancel trades accordingly.
3. Use SL targets
Setting a stop-loss (SL) for each trade will reduce the chances of a loss wiping out all the funds in a trading account. Stop losses are put in place to minimize the risks of trading in a volatile market.
Bit AI Method provides helpful SL tools that can be used to put this strategy into action. It is also a good idea to set take-profit targets that will automatically close a trade when a certain value is hit.
Diversification is one of the best ways to reduce the overall risk of trading. Luckily, Bit AI Method allows traders to access various crypto assets which makes it easy to diversify. To create a diverse crypto portfolio, try to choose assets that each have different use cases, are built on different blockchains or use different mechanisms.
For example, traders may choose to trade a mixture of altcoins, stablecoins and Bitcoin. If one trade fails, there is a chance that the others will be successful.
Your money is at risk.
Is Now A Good Time To Trade Bitcoin?
Since the beginning of 2023, Bitcoin has experienced a bull run. This means that the price has been rising continuously and currently shows no signs of slowing down. Therefore, now might be a good time to trade the token and take advantage of the volatility.
It is worth noting that a bull run does not guarantee profits. The token still experiences fluctuations and may fall in price throughout the day. Traders who want to minimize risk during the current bull run should consider investing long term rather than day trading. Long term investments will gradually increase in value over time.
Bit AI Method- User Reviews
A good way to get a sense of whether or not a trading platform is legit is to look at user reviews. Luckily, there are a number of Bit AI Method review available online that have been left by verified users.
The majority of BitAI Method reviews claim that the platform is legit. The robot has been reviewed by authoritative sites such as Business2Community, Bankless Times and TIME Business News. In each review, the legitimacy of the automated trading platform is confirmed however, all reviews state that the platform is not regulated and there is a lack of transparency about the exact security measures that are used to protect users who trade with the software.
The main critiques that can be found when reading through users reviews refer to the high minimum deposit requirement and the limited number of assets that are available to trade. As far as we know, BitQT can only be used to trade cryptocurrencies which means that you cannot diversify with traditional stocks.
Bit AI Method Review 2023– The Verdict
Our Bit AI Method review has covered the main features of the trading platform to help you to decide whether or not it is a good option to use in 2023. We can say that the platform is a legitimate trading tool however, profits cannot be guaranteed and traders should be aware of the risks involved with using bots to passively place trades.
Your money is at risk.