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Crypto trading bots are automated tools that conduct trades and execute transactions on behalf of human investors. These bots are perfect for investors who can not dedicate as much time to the cryptocurrency markets as necessary to achieve the best trades.

Robots like BitIQ are also ideal for beginners who are new to the crypto space. In this BitIQ Review 2021, we discuss what you need to know about the trading robot and why you should consider using the BitIQ robot today.

BitIQ at a Glance

Rating 4.3/5
Robot Type Crypto Trading Robot
Win Rate Unspecified
Supported Assets BTC, ETH, XRP, others
Is It a Scam? No
Minimum Deposit $250
Withdrawal Timeframe 24 hours
Mobile App Yes

How BitIQ Works

The BitIQ crypto robot uses artificial intelligence (AI) and blockchain to offer profitable and transparent crypto CFD trading. The crypto robot was founded in 2018. It has grown into one of the most popular crypto trading tools today.

The BitIQ website takes you to the BitIQ app to trade cryptocurrencies using advanced price trend analysis, arbitrage, and news trading strategies.

Like other crypto bots, the BitIQ robot is programmed to think like humans and mimic their actions. BitiQ was developed using a subset of AI of Natural Language Processing (NLP) to follow instructions. The NLP system claims to study billions of web pages simultaneously. With this technology, the app scans the market for profitable trade opportunities and acts on them instantly.

Bitiq app homepage

The BitIQ robot also incorporates technical analysis and news analysis elements to get a full picture of the market. This move saves you the hours of constantly following crypto news updates and developing a trading strategy.

For example, the BitiQ crypto robot’s algorithms are programmed to speculate on Elon Musk Bitcoin news. His tweets are known to trigger market movements. Hence, BitiQ is powered to detect these tweets, predict how they will impact volatility, and place bets based on these predictions.

BitIQ even offers a handy demo account feature that lets you test the waters. This way, you can experiment with several trading strategies without investing real money. This practice is important for training and to set you up for future success.

Finally, the BitIQ robot is suitable for all traders, especially newbies. Traders benefit from the trading robot’s ease of use and the absence of hidden fees.

BitIQ vs. Other Platforms

BitIQ Robot Other Trading Robots
Completely free to use Often has a set-up fee and additional hidden charges
Employs multiple strategies to get results Only relies on basic strategies that provide poor outcomes
Works with regulated brokers Some don’t work with regulated brokers
Ideal for beginners Suited for professionals or experienced users
Fast deposits and withdrawals Lengthy timeframe for deposit confirmations and withdrawals.

Is BitIQ A Scam Or Legit?

This section of our BitIQ review answers the question of whether or not the BITIQ robot is safe. The answer is yes. From our research, BitIQ is a legitimate bitcoin robot that can automatically trade the markets. BitIQ is a generally trusted site with several users, so there shouldn’t be anything to worry about. Also, the technology used, according to BitIQ, makes the robot a credible option. However, if you are still wary of this platform, you could first use the free demo feature. You can start trading on the live account when you are convinced that the BitIQ robot is not a scam.

BitIQ Key Benefits

BitIQ has many special features, and these features benefit numerous traders who use the robot to trade. Below is a selection of some of the key benefits of using the BitIQ crypto bot.

Arbitrage Trading

BitIQ makes use of arbitrage trading, the simultaneous buying and selling of an asset in different markets to exploit the price differences. BitIQ robot examines up to 30 top cryptocurrency exchanges and places up to 50 arbitrage exchanges per minute.

More than 70% of these arbitrage transactions are reported to be correct. The benefit here is that this type of trading comes with lower risks as the buying and selling prices are already known to the trader.

Artificial Intelligence And Quantum Computing

BitIQ is well equipped with major technologies with incredible potentials, such as Artificial Intelligence And Quantum Computing. Our BitIQ review found out that these technologies bring about high-level performance. The robot helps users find trading opportunities far quicker than the human eye. Due to these factors, the BitIQ robot can trade more efficiently than humans can.

Ideal for Beginners

BitIQ’s easy-to-use platform is ideal for beginners to get started with crypto trading. The major task required from beginners is to follow the instructions to set up their accounts and start trading immediately.

Trustworthy Brokers

Our research for this BitIQ review found that the BitIQ app is an auto-trading system operating under trustworthy, highly regulated brokers. The robot is in partnership with over 13 brokers, and authorities regulate most of them, like the UK’s Financial Conduct Authority (FCA). This means that your trading capital is as safe as possible, preventing any scams.

How Do I Begin Trading At BitIQ?

This section of our BitIQ trading review would take you through the process of signing up to trade on the platform. Similar to most forex trading robots we have reviewed in the past, BitIQ’s sign-up process is super quick and can be done in only a few minutes.

Step 1: Create An Account

The first step is to create an account on the BitIQ website. This process is free. All you need to do is visit the BitIQ website and enter your first and last names, a valid email address, and a phone number in the sign-up box. Also, you’ll be asked to create a password to secure your account.

bitiq signup page 2

Step 2: Verify your Account

After opening your account, you would be required to authenticate your account by uploading documents on the assigned broker’s page.

Step 3: Fund your Account

The BitIQ robot requires users to fund their accounts with a minimum deposit of $250. This can be done using any of the payment methods supported by the platform. This includes credit/debit cards, bank wire transfer, Skrill, WebMoney, FasaPay, and Neteller.

Step 4: Use The Demo Account

Using a trading robot for the first time can be challenging, which is why users are encouraged to use the BitIQ demo account to begin. The BitiQ demo is highly advanced and offers a perfect representation of the BitIQ live trading experience. Use the demo to familiarize yourself with the platform because the results attained via demo trading are usually not so different from live trading.

Step 5: Start Trading

Now you have decided to use your real money to start live trading. You must adjust the settings, such as trade volume and risk level so that the bot trades in a manner that suits your specific needs. Make sure that you have also taken the risk appetite test and try out different settings on the demo.

bitcoin trading bitiq

Once all this is done, you can click the live button to start a live trading session.

Note that the BitIQ app is hybrid and so not listed on Google Play and Apple Store. The link to download the BitIQ app is only shared with fully registered users. It can also be found at the bottom of the trading resources page that pops up after a user completes the registration process.

Features Of BitIQ

From our research conducted for this BitIQ review, we discovered that the robot has several features. This section highlights some of them:

Demo Account

As mentioned earlier, the BitIQ robot offers a demo account to all users. Once you fully register on the platform, you would have access to the demo mode. This would help you become familiar with the BitIQ interface. You can also practice different trading strategies without risking your own money.

Free Software

Unlike conventional Bitcoin trading platforms, BitIQ can be used completely free of charge. The robot does not charge any fees or expenses, and there are no concealed commissions.

Fast Withdrawals

The BitIQ app processes withdrawal requests fast without delay. While several cryptocurrency exchanges and trading platforms require their traders to wait for at least 7 days before their accounts are credited, this is not the case with BitIQ. The BitIQ crypto robot takes approximately 24 hours for your withdrawal request to be processed after filling out the appropriate form. You also have various withdrawal options to choose from on BitIQ.

Awesome Customer Service

BitIQ has a satisfactory customer service department that can be reached anytime. They use various communication channels, all of which have been proven to be timely and efficient.

Why Bitiq was created

Secure Platform

BitIQ is a safe and secure platform to use to trade your cryptocurrencies. The robot protects your funds, and personal information, from any data breach. This is done using high-end SSL encryption and other innovative security technologies.

Our BitIQ review also shows that the crypto trading robot only uses regulated brokers to facilitate trades safely and securely.

Tips For Trading On BitIQ

Even though crypto robots basically do all of the work for you, you must learn some fundamental terminology and keep a few tips in mind. This BitIQ review also highlights some of the best tips to use when using a BitIQ trading robot.

Invest Only What You Can Lose

Traders, especially beginners, make this common mistake of starting big. It is advisable to begin trading with a small amount before walking your way up to large investments. Also, when you start trading large amounts, make sure they are amounts you can conveniently lose.

While higher investments can result in higher profits, higher investment amounts can also increase your chances of losing your investment money. Traders should strive to be cautious when trading, which explains why starting small is so underrated.

Be Careful

While the BitIQ robot uses AI-powered technology that provides noticeable returns, it does not change that the crypto market is volatile. This means that there will always be trades to lose, and as such, it is important to be careful when trading with the robot.

Tweak the Trading Settings

When you first use the BitIQ robot, make sure to change the trading settings to suit your specific needs. You can tweak the robot to trade in a high or low volume manner; make sure this setting aligns with your investment goals.

Pros and Cons

BitIQ Pros

  • Trade multiple Cryptocurrencies
  • Suitable for beginners
  • Completely free to use
  • Uses numerous strategies to generate profits
  • Utilizes AI-powered technology
  • Minimum deposit of only $250
  • Demo account feature
  • Fast withdrawals
  • User-friendly platform

BitIQ Cons

  • Does not eliminate the risk involved in trading

Have Celebrities Endorsed BitIQ?

It is a norm for celebrities and high-profile investors to promote the best cryptocurrency or platform for traders to buy. This section discusses the rumours surrounding celebrity involvement in BitIQ and whether the stories are true or not.

Elon Musk

Elon Musk

Elon Musk is the founder and CEO of Tesla, known for his passion for cryptocurrency. In recent years, rumours have begun circulating that Musk recommended Bitcoin trading through the BitIQ app.

Investigations revealed that this is false, and these rumours are only being used to redirect people to cloned websites to scam them. We have, however, been unable to locate evidence to support these assertions.

There have also been posts on social media alleging that the BitIQ app received investment from Elon Musk. However, BitIQ confirmed on their website that this is untrue.

BitIQ App Review: Our Conclusion

In summary, BitIQ is a great trading robot to utilize for trading in the crypto market. Our research for this BitIQ review, alongside thousands of positive reviews, shows that BitIQ appears to be a reliable trading software. However, there are many clones of this platform, so you should take extra caution. Ensure you are dealing with the right platform, or you risk losing your money.

If you’d like to get started using BitIQ, create an account and start trading. Setting up a BitIQ account is super quick, allowing users to be ready to begin trading in minutes.

BitIQ – Free Crypto Trading Robot

BitIQ Logo

FAQs

What sort of returns can I make with BitIQ?

No specific returns rate is stated on the BitIQ website. However, many online reviews claim the BitIQ robot can produce profitable returns as much as 90%.

Is BitIQ legit?

We discovered that BitIQ seems to be a legit trading robot. This is down to the well-built website and the numerous positive reviews online.

How much does BitIQ cost?

BitIQ is 100% free to use – no hidden fees or commissions are charged.

How much do I need to begin trading with BitIQ?

BitIQ requires a minimum deposit of $250, which is a good amount to begin trading with. Investors can deposit more funds if they're ready to bear the risks that come with it.

Is it risky to use BitIQ?

Every investment comes with risks, so it is advisable to exercise caution when trading, mostly because cryptocurrencies are volatile. However, BitIQ’s features and use of AI technologies minimize the risk factor involved in trading.

About Alan Lewis
About Alan Lewis

Alan is the Chief Editor of TradingPlatforms.com. He is an experienced finance and investment writer who is an expert on the stock market.

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