Bitcoin Lifestyle Review May 2024 – Is It a Scam or Legit?

Bitcoin Lifestyle is an algorithmic trading system that aims to help less-experienced traders profit from the crypto market. The tool is one of many ‘robots’ that are available to use online in the UK. Like many of the other platforms, Bitcoin Lifestyle promises generous returns but has been met with suspicion from investors regarding its legitimacy.

In this Bitcoin Lifestyle review, we aim to uncover whether or not the bot is a scam or legit. To do this, our team spent time researching the system as well as the experiences of others who have used it. We have compiled our findings into this in-depth review, which focuses on key features, safety, usability, and the risks involved with using Bitcoin lifestyle.

Bitcoin Lifestyle App Overview 

According to the website, Bitcoin Lifestyle is a powerful and innovative automated trading platform for a complete trading experience via desktop and mobile devices. Like other crypto trading platforms, the Bitcoin Lifestyle app works using artificial intelligence and trained algorithms to execute trades and navigate volatility.

Here is an overview of the Bitcoin Lifestyle official website and its features. However, it’s important to state that we couldn’t verify any of the platform’s claims during our Bitcoin Lifestyle review.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

What is Bitcoin Lifestyle?

Bitcoin Lifestyle is a crypto trading platform that allows traders to buy and sell Bitcoin and other crypto assets automatically or manually. Interestingly, the software claims it can work without manual interaction which means that traders can take advantage of potential opportunities around the clock.

Note that Bitcoin Lifestyle is not a crypto exchange. Instead, the platform connects traders with online cryptocurrency exchanges where they can trade various crypto assets using algorithmic-backed software (or trading bots) from Bitcoin Lifestyle. The option to opt for the platform’s auto-trading bots without human interference makes it possible for traders to potentially maximize their investment opportunities.

In terms of crypto trading, Bitcoin Lifestyle is built using advanced AI and sophisticated algorithms. The algorithmic trading platform is trained to generate trading signals that users can incorporate into their trades.

With its advanced-level algorithms that help traders navigate the market better and make informed trading decisions, Bitcoin Lifestyle stands out from other automated crypto trading robots. The platform also offers a mobile app that improves accessibility and makes it possible for users to monitor performance on the go.

Is Bitcoin Lifestyle Real?

Based on our research, we can state that Bitcoin Lifestyle is a legitimate trading platform. The automated Bitcoin trading platform integrates with different brokers to provide users with crypto trading services. Through Bitcoin Lifestyle, crypto traders can buy and sell Bitcoin and other supported assets. Interestingly, the trading platform allows investors to execute trades automatically via algorithmic-backed trading bots.

On the other hand, there are many questions about Bitcoin Lifestyle’s efficiency, as the platform doesn’t outrightly state its past success rate. We also couldn’t verify this during our Bitcoin Lifestyle review. In addition, there’s limited information about how it works and no details about the platform’s developers. The website only states that the team built a tool for traders with little time on their hands. Similarly, the lack of online presence or testimonials cast doubts on the platform’s legitimacy and may deter investors from using Bitcoin Lifestyle.

So, before registering and trading on Bitcoin Lifestyle, it’s imperative for investors to thoroughly research and determine its efficacy and validate its claims.

Bitcoin Lifestyle Claimed Success Rate

Though the Bitcoin Lifestyle official website doesn’t state the platform’s success rate, many online Bitcoin Lifestyle reviews state that the trading platform has a claimed success rate between 85% to 90%.

However, it’s essential to note that we couldn’t verify the said success rate during our review. Similarly, Bitcoin Lifestyle doesn’t explicitly state its past success rate on its official website or mobile app.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

How Does Bitcoin Lifestyle Work? 

We could not find an explicit description of how the trading system works on the Bitcoin Lifestyle website. It is described as an automated crypto trading platform and going by other provided information on its website, Bitcoin Lifestyle most likely works using sophisticated algorithms from artificial intelligence (AI) and machine learning (ML) to collect market data, interpret them, and make real-time price predictions using the gathered information.

The crypto trading bot functions similarly to other Bitcoin bots on the market. Users can choose to use the system for automated or manual trading. The latter can be done by using Bitcoin Lifestyle as a signals provider and conducting your own research into each trade that is suggested.

Configuring Bitcoin Lifestyle

It is possible to use the platform to trade several cryptocurrencies including Bitcoin, Ethereum, Cardano, Bitcoin Cash, Ripple, and other altcoins. Users can configure the bot to trade based on their strategy or use a preset function. This makes the platform suitable for experienced traders as well as less-experienced users.

Traders can choose to incorporate their own market predictions and configure the Bitcoin Lifestyle bot; Bitcoin Lifestyle will convert your projections to trading signals that will integrate into the trades it executes.

Unlike some popular automated trading platforms that offer services across various financial markets, the Bitcoin Lifestyle app limits users to only the crypto market. You cannot diversify your investment portfolio across cryptos and other financial instruments like stocks, bonds, and exchange-traded funds (ETFs) on Bitcoin Lifestyle.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

Pros and Cons of Bitcoin Lifestyle 

The Bitcoin Lifestyle trading platform seems promising with the tools and features that it offers. The crypto robot offers numerous perks to users, including automated trading. However, no trading platform is perfect, so we highlight the notable benefits and downsides below.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

Bitcoin Lifestyle App Key Features

To better understand what the platform offers, our team spent time analyzing the key features of Bitcoin Lifestyle.

✔️ Automated Trading

The automated trading feature of Bitcoin Lifetsyle allows users to take advantage of trading opportunities throughout the day. Although we could not directly test this feature, we found numerous reviews online that verified the platform's ability to facilitate automated trading.

Automated trading can be used to execute an advanced strategy that would otherwise involve a lot of intervention. However, trading in this manner also comes with a very high level of risk. When you use an automated trading system, you give control of your funds over to a bot which will never be 100% accurate.

✔️ Real-Time Market Insights

With its trained algorithm and data models, Bitcoin Lifestyle can collect market data in real-time, interpret the findings, and use them to generate real-time market insights based on past data. The market insights or data are then converted into signals that the trading bot acts upon if used automatically. Traders can also manually incorporate the signals into their trading activities.

Note that the trading bots act on speculative data, which may not reflect the market realities at the transaction time. However, with a reasonable success rate, trading with Bitcoin Lifestyle offers decent chances at profitable trades.

✔️ MetaTrader 4 and WebTrader

Besides its proprietary analysis tools, Bitcoin Lifestyle integrates with other market analysis platforms like MetaTrader 4 (MT4) and WebTrader to offer traders advanced market insights and analysis. With these third-party tools, users can access various features, including historical price charts, and real-time prices across brokerages, and execute trades.

The additional analytics and auto-trading features of MT4 and WebTrader give Bitcoin Lifestyle a slight edge over similar trading platforms. For example, traders can use analysis tools to determine the safer option between going long or short on a particular crypto asset in the margin and futures markets - and automate the trade.

However, it's important to note that the analysis and automated trading tools do not determine or influence market prices. They only predict events based on history. So, it is better to use MT4 and WebTrader with other market analysis tools for improved accuracy.

✔️ Mobile-Friendly App

Bitcoin Lifestyle offers a dedicated mobile app to traders. The Bitcoin Lifestyle app is available on Android and iOS devices, allowing mobile users to monitor, buy, sell, trade, and store assets in one place. The app is also user-friendly, with similar features as the website.

However, we couldn’t find the app on popular mobile stores like the Apple App Store or Google Play Store. Instead, users must download it directly from the Bitcoin Lifestyle official website.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

How To Use The Bitcoin Lifestyle App 

To start using the Bitcoin Lifestyle trading platform, you will need to register for an account on the official website and deposit funds. During our review, we found that you cannot access any features of the platform without sufficient funds.

Luckily, the process of creating an account can be completed in around 30 minutes.

Step 1: Register for an account

To create a new account on Bitcoin Lifestyle, navigate the official website and enter your personal information in the boxes provided on the right side of the homepage. These include your first and last name, a valid email address, a new password, and a phone number. Click the "Learn More" button to complete the registration process.

Step 2: Deposit funds

To access Bitcoin Lifestyle's trading features, you must deposit a minimum of $250. The platform provides no banking information on its website, but the standard practice among the crypto trading platforms it integrates with it to offer multiple payment methods. These include traditional banking methods like credit/debit cards, bank transfers, or e-wallets like PayPal, Neteller, and Skrill. In other cases, investors can make direct crypto deposits using Bitcoin, Ethereum, etc.

Choose the preferred payment method available in your location and complete the payment. Alternatively, you can contact customer care to find out the payment methods available to you and deposit funds with their support.

Step 3: Conduct research and analysis

Before placing any live trades, it is a good idea to conduct research and analysis. This could involve using the demo trading account to test the platform before putting any real money at risk. It is also a good idea to familiarize yourself with day trading best practices, risk management tools, and other resources that could inform your decision making.

The success rate for crypto day trading is very low. However, you can increase your chances of placing successful trades by using as much information as possible to guide your strategy.

Step 4: Start trading

After thoroughly researching and understanding the trading platform, switch to a live account and start trading. You can automate trades with the available crypto bots. All you need to do is the initial set-up and the auto-trading bot to handle the rest.

Remember that such trading platforms offer no guarantee of making profits, as they work with speculations. So, we recommend you don’t invest more than the $250 minimum deposit to start with.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

Bitcoin Lifestyle User Reviews 

Bitcoin Lifestyle states that it has a reliable customer service team on its website. However, there's no information on how to contact customer support and their operational hours to website visitors. That means registration is required to access this information.

On top of that, the website provides no real user testimonials or reviews that intending traders can read before joining the platform. During our Bitcoin Lifestyle review, we scoured the internet for user reviews across popular platforms like Trustpilot and Reddit, but we, unfortunately, didn’t find any existing Bitcoin Lifestyle user reviews on these feedback platforms.

We did manage to find some user reviews on SiteJabber. The site gives Bitcoin Lifestyle a generous rating of 4.59 stars which is supposedly based on 22 reviews. However, the website does not give any more detail about how this rating was justified.

In What Countries is Bitcoin Lifestyle Available?

Bitcoin Lifestyle doesn’t provide information about its supported and restricted countries. In other words, we can’t outrightly outline the countries that can use Bitcoin Lifestyle or otherwise. However, during our review, we discovered that the platform isn’t available in the US and UK. So, traders from these countries can opt for alternative platforms such as yPredict or Dash 2 Trade.

Since the information on Bitcoin Lifestyle's supported countries is unavailable, the easiest way to know if you can use the Bitcoin Lifestyle app is to visit the website. If it works, you will be able to use the platform. Otherwise, you’ll get feedback that the platform is unavailable in your location, as shown in the image below.

Is Bitcoin Lifestyle Legit or A Scam?

Overall, Bitcoin Lifestyle seems like a legitimate platform offering crypto trading services to investors across different countries. However, upon further review, we discovered that the platform isn't upfront about its security features, holds no regulatory license, and provides no information about its founders. This is a common trend among similar trading platforms, so it may be wrong to conclude that Bitcoin Lifestyle is a scam.

At a time when many scam crypto projects are on the market with numerous rug pulls, the multiple discrepancies and inadequate information on the Bitcoin Lifestyle trading website may cause concerns for prospective users and raise questions about the Bitcoin Lifestyle scam.

However, the platform requires users to register with their full legal names when signing up. If it executes identity verification with the information provided, users can be more assured that the Bitcoin Lifestyle crypto trading platform is not a scam.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

 Our Conclusion on Bitcoin Lifestyle 

Bitcoin Lifestyle is a crypto trading platform that allows users to trade Bitcoin and other cryptocurrencies via its website and mobile app. The crypto app offers various tools to help traders navigate market volatility and position themselves for more potential profit. Getting started on the platform is straightforward without any fee or prior crypto trading experience.

However, there’s very little information on the website, and the app has no social media presence or existing user reviews. We recommend investors thoroughly research the platform and start with a demo account before investing a lot of money.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

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