Bitcoin Prime Review April 2024 – Is It Scam or Legit?

Bitcoin Prime - Popular Bitcoin Trading Tool

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Bitcoin Prime is a trending Bitcoin robot that claims to help users navigate the markets using advanced algorithms and trade around the clock. The platform has attracted the attention of traders who want to take advantage of small price movements throughout the day.

However, the platform has also been met with speculation from traders who are wary of the claims that are made by the website. Bitcoin Prime has also received several negative reviews on Trust Pilot which has led many users to wonder whether or not the platform is legit.

In this Bitcoin Prime review, we aim to uncover the truth about the automated trading platform. We spent time researching and reviewing the trading tool to understand whether or not it is worth using in 2024.

Bitcoin Prime Summary

What is Bitcoin Prime?

Essentially, Bitcoin Prime is a robot that offers automatic, encrypted trading services. The platform is able to trade independently by using algorithmic technology to analyze the market, spot potential trading opportunities and execute trades. This allows users to take advantage of opportunities around the clock.

Bitcoin Prime is primarily used to trade crypto assets. We could not find much information about the assets available however, it could be assumed that the bot trades CFDs. The tool is catered to short-term trading strategies and executes multiple trades each day to maximize the chances of placing a profitable trade.

As a result of this feature, all platform functions are seamlessly available to every user. The developer of Bitcoin Prime has also decided to make this decision, which has resulted in many investors giving the platform a try as a result of the decision.

How Does Bitcoin Prime Work?

Bitcoin Prime uses an advanced algorithm to predict price movement and spot potential trades. The algorithm is trained using machine learning and historical data. Once a trade is triggered, the Quantum AI crypto robot will issue a signal. This will enable the trade to be generated through an API to the broker associated with your account. As a result, the brokerage platform will immediately issue the trading order generated by Bitcoin Prime.

This allows users to trade in an automated manner, which is beneficial for traders who are looking to place trades around the clock. The algorithmic trading platform can also be used to assist manual trading. To do this, users can simply choose to turn off the automatic trading feature and receive signals without any trades being triggered. When a signal is received, the trader can then conduct their own analysis to verify the signal before placing the trade.

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

Bitcoin Prime Trading Platform Key Features

Below is a summary of the key features that are offered by the Bitcoin prime trading robot. We spent time reviewing various features that make the platform attractive to Bitcoin traders. However, we also found that the robot lacked many helpful features that are offered by other crypto trading platforms.

✔️ Bitcoin Prime Mobile App

According to online reviews, Bitcoin Prime is available as a mobile app. This makes it ideal for managing your portfolio on the go and allows traders to stay on top of the market.

We found the app available on the Apple App Store but could not find the application on Google or Android app stores. The Apple listing also states that the app is designed for iPad use. This is likely due to the fact that the tool provides users with advanced price charts which might be tricky to read on a smaller screen.

✔️ Account manager

Upon registration, users are connected to a third-party brokerage that provides an account manager. Users can contact the brokerage at anytime during their trading journey to adjust the strategy and ensure that the algorithm meets their trading requirements.

Although we can confirm that new users are contacted by an account manager, we could not find any information about whether or not the brokerage will charge a fee for this service. There are also several views online which suggest that the customer service is unreliable and even rude.

✔️ Risk management tools

According to the website, Bitcoin Prime provides users with a range of risk management tools that can be used to minimize the risk of losing funds. These tools include stop-loss limits, daily loss limits and customizable lot sizes. It is a good idea to familiarize yourself with the risk management tools before placing any live trades.

✔️ Demo account

Bitcoin Prime claims to provide users with a demo account that can be used to test out the system without putting any real money at risk. After reviewing the robot, we can confirm that this is true. However, it is not possible to access the demo trader without depositing the minimum of $250. There is no information available about whether or not you can withdraw these funds before live trading.

Other platforms such as eToro allow new users to use the demo trading account without depositing any funds into the platform. This might be more suitable for traders who do not have $250 to lose.

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

Bitcoin Prime Claimed Success Rate

According to the information collected for this review, Bitcoin Prime trades at a profit rate of between 60 and 90 percent. However, we could not find any objective evidence to support this claim. Bitcoin robots often make bold claims to attract users but there is no guarantee that you will actually make any money from the platform.

Furthermore, we could not find any real-life examples of successful traders who have used Bitcoin Prime. Many of the testimonials that can be found on Trust Pilot, for example, are negative.

Bitcoin Prime Software Fees

We could not find any information about trading fees during our review of Bitcoin Prime. According to the website, the platform charges no fees for trading, withdrawals or account management. However, users do need to deposit at least $250 to use the platform.

Based on our experience of using trading robots, applicable fees will most likely be charged by the brokerage firm that will manage your account. These fees could include trading commissions, account management fees, overnight trading fees, deposit fees, withdrawal fees and inactivity fees.

The Bitcoin Prime website lacks transparency about potential fees. Therefore, traders should consider their options before depositing any funds into the platform.

Is Bitcoin Prime Legit or a Scam?

The Bitcoin Prime application is a legit trading tool that can be connected, via an API, to a brokerage account. However, the platform’s website is misleading which could lead many people to assume that it is a scam.

Firstly, the website does not mention the presence of a third party brokerage firm and instead promotes that platform as an independent trading system. Secondly, the website lacks transparency and provides very little detail about fees, the technology that is used to run the algorithm and security features.

It is also important to understand that the Bitcoin Prime website has been cloned by scammers in an attempt to take user’s funds. You should be aware of these clone website before signing up to Bitcoin Prime.

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

Bitcoin Prime Customer Support

It is possible to get in touch with Bitcoin Prime’s 24/7 customer service via live chat, phone number, or email for those interested in Bitcoin Prime. So it is surprising that, despite this, the bitcoin robot does not offer customers the option of contacting its customer service without first enrolling.

This means that new users cannot contact the team with any questions before making the decision to open an account.

We can confirm from our review that the customer service team is readily available via phone call after you have created an account. However, online reviews suggest that the service can sometimes be inefficient and even rude.

How to Use the Bitcoin Prime Trading Software

In the following section of our Bitcoin Prime Review, we will walk you through the steps of signing up and trading on the Bitcoin Prime platform. All users should pay close attention to safe online practices before starting, as it is of the highest importance.

They include creating a strong password, using a secure internet connection and ensuring that you use the official Bitcoin Prime website instead of a clone site when signing up.

Step 1: Create an account

It is free to create a Bitcoin Prime account. The process involves heading to the official website, entering your name, email address and password.

Then you will receive a call from a partner broker to verify your account.

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

Step 2: Deposit funds

Before you can access the trading software, you will need to deposit at least $250 into your trading account. The platform accepts deposits via bank transfer and debit card.

It is crucial that you use a secure internet connection when depositing funds into your Bitcoin Prime trading account. Also make sure that you are using the official Bitcoin Prime application at this stage.

Step 3: Use the demo account

After funding your account, you will be able to access the Bitcoin Prime demo trading account. Here, you can test out the software without putting any real funds at risk.  It is a good idea to use the demo account until you are 100% comfortable with the platform.

According to the website, the demo account enables users to trade in a realistic environment. However, demo trading accounts are based on historical data and do not reflect current market conditions. Therefore, strategies that work well in demo mode may not be successful on the live platform.

Step 4: Start to trade

After using the demo account to test out the platform, you can switch to live trading. It is important to understand that trades placed on the live account will put your real money at risk. Think carefully before switching to live trading.

As soon as you make a profit, we recommend withdrawing your funds from the account. During our review, we found no evidence of account protection which means that your funds could be vulnerable if they are held in your account for too long.

The Verdict

This review can conclude that Bitcoin Prime is an extremely useful tool in the cryptocurrency trading field for users.

As a result of its software utilizing Artificial Intelligence (AI) has achieved acceptable results for its investors in various countries, including the United Kingdom and Australia.

In addition, it is helpful to know that their software has a high success rate, is secure, and has excellent customer service. However, the most notable part is that the software is easy for all users to operate.

On the other hand, it is also necessary to highlight that it is a platform in which the user acceptance rate is very high. Therefore, if you are interested in starting up a cryptocurrency trading system, this may be a good option.

Based on our research conducted for this Bitcoin Prime Review and the thousands of positive reviews that have been posted, Bitcoin Prime seems to be a reliable trading software.

Think about the possibility of earning money from the comfort of your own home with Bitcoin Prime by spending just a few minutes of your time each day.

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

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