BitcoinX Review 2021
Trading robots are one of the most reliable tools you can have to optimize your trading process. However, you need to ensure that you’re working with the right one if you want to become a better trader, in the future.
There are hundreds of these trading apps roaming around the internet, so it may be challenging to find one that fits your needs and goals. Additionally, there are many scammers on the internet trying to sell you fake software that doesn’t do anything for your trading.
Our goal in TrustPedia is to review these trading robots until we find the best ones on the market. Today, we’re going to review BitcoinX, which is one of the highest-rated web traders on the market today.
Is BitcoinX a Legitimate Trading Robot? – A General Overview
Considering all the information we gathered for this review, we can safely say that BitcoinX is a legit trading robot, and it’s suitable for traders at all skill ranges. If you want to know more about how we came to this conclusion, keep reading!
First, our team at TrustPedia tested BitcoinX’s features thoroughly to assess their efficiency. Our preliminary results told us that the algorithms in BitcoinX are real and continually work to help you find better trading opportunities on the online market. Additionally, the website and platform go through several privacy and safety parameters that ensure that you have a simple but powerful trading experience.
A good trading app is not going to waste your time trying to give you several unrealistic expectations; instead, it focuses on delivering all the information you need to begin trading efficiently. In most cases, that basic information is all you need to determine whether a trading robot is good or bad.
BitcoinX was straightforward with us from the moment we stepped into its platform, so that already was a good indicator that this wasn’t a scam. Combining that information with the efficiency of the algorithms, we can conclude that this trading robot is legit.
Since BitcoinX focuses on Bitcoin rather than other assets (such as CFDs or commodities), you can guarantee a much better user experience tailored to your crypto trading needs. BitcoinX doesn’t focus on making false promises to its users; once you begin using the app, you’re going to get a walkthrough of its features so that you can determine what works for you.
Keep in mind that BitcoinX doesn’t give you any “magic formula” to become a better trader. Becoming a professional trader requires you to invest a significant amount of time to learning how the market behaves. Thankfully, BitcoinX’s job is to make that process simpler and more comfortable for you. While you’re doing research on new trading strategies, the app continually looks for the best trading opportunities for you.
If you’re someone who is looking to learn more about Bitcoin, cryptos, and trading in general, BitcoinX may be a great choice to start. The app is one of the most user-friendly ones we’ve ever tested at TrustPedia, and it’s simple enough for even a complete beginner to begin using it right away.
What Are the Pros and Cons of BitcoinX?
As you can see, there are more positive things than negative ones for BitcoinX. Additionally, the cons aren’t bad enough to prevent you from trading efficiently. BitcoinX is still a powerful software that you may use without any issues.
How Do You Use BitcoinX?
When it comes to trading Bitcoin, you need to focus on evaluating its price movements so that you can execute a trade based on your predictions. Considering how volatile cryptocurrencies are, making these predictions may not always be easy. In fact, the trading process for cryptos is known for becoming stressful sometimes. However, there are some tips that you can follow to make that process less overwhelming.
Even if you’ve crafted an excellent trading strategy, you still need to spend many hours monitoring the market to guarantee that your strategy still works after a particular amount of time; if it doesn’t, you need to complete the process all over again.
BitcoinX solves this problem by taking care of most of the monitoring process so that you can focus on other things. Once you have your trading strategy laid out, you must feed that information to the trading robot; in that moment, the robot is going to look inside the markets for trades that suit that criteria you gave it.
If BitcoinX finds a reliable trade for you, it’s going to notify you immediately so that you can take action; this has been proven as an excellent way to keep track of your trades without getting overwhelmed all the time. In the case that your trading strategy doesn’t work as it did before, you can easily access your BitcoinX dashboard, update your strategy, and move on.
It’s important to note that you need to make an investment if you want to use BitcoinX. Thankfully, you may go for the company’s recommended minimum or choose an amount that feels appropriate for you and your budget. Don’t worry about what amount you choose; the app is going to work the same. However, we recommend that you invest lower amounts of money if you’re a beginner.
Overall, BitcoinX has one of the most advanced software designs we’ve seen in a trading robot, so if you want to begin your trading journey with a comfortable and reliable piece of software, this may be the best way to go. Remember that if you want to make the most out of your BitcoinX experience, you also have to put in the work.
What Extra Benefits Can You Get from BitcoinX?
Considering that most trading apps look the same, most users look for unique features in their preferred software. If the software the trader is reviewing doesn’t have anything special to add to the table, they may not even bother using it. Thankfully, this is not the case for BitcoinX since it’s packed with many useful features for both beginners and professionals.
We’ve gathered all the features you can get by becoming a member of BitcoinX and laid them out in a simple overview. If you want to learn more, keep reading!
Broad Device Compatibility
Many modern trading apps are allowing mobile compatibility to give their users more comfort, and BitcoinX is among those apps. Currently, you may use BitcoinX in desktop and mobile devices, including tablets and smartphones. In essence, you may use this trading app in any device with an active internet connection.
Having broad device compatibility is great for you since it allows you to take your trading anywhere you go. If you mostly trade from your computer but need to go out to work or study, you can easily keep track of your trading process on your phone.
Over-complex platforms tend to scare users away from them. Not every trader wants to spend several hours trying to figure out what the right features to use are. In BitcoinX, you’re getting a simple platform that gives you all the information you need.
Each feature is labeled properly, so you don’t have to worry about getting confused with the app’s features. Even if you get lost exploring the app, it gives you a detailed walkthrough of everything, so you can get back on track easily.
Whether it’s crafting your trading strategy, executing a trade, or monitoring your process, BitcoinX makes it all easier and more comfortable for you.
Optimized Data Protection
Cybersecurity is one of the most important elements of any trading app. Regardless of what you’re going to do with a trading robot, you must ensure that your personal information is safe and secured in a private server.
Many scammers tend to sell you trading platforms that don’t have any security measures for them. In those cases, you’re likely to get your information stolen by a third-party company or software, which puts your cyber identity at risk.
BitcoinX uses certified SSL encryption for its website and its platform also goes through strict privacy guidelines so that your experience is as safe as it can be. Our team tested the app thoroughly for several weeks, and we didn’t encounter any security issues. In fact, the BitcoinX team was reasonably transparent with the measures they used for creating this trading robot, which is already a good sign.
Easy Funding and Withdrawals
No one wants to go through exhaustive withdrawals or funding, but some trading apps may want to process your transactions as much as possible, which isn’t necessarily a red flag, but it can be a nuisance to most traders.
In the case of BitcoinX, we found out that the money management department is comfortable enough for the average trader. If you want to make a funding or withdrawal operation, you must go to your dashboard, select your preferred option, and follow the website’s steps.
Depending on your bank, your money could take from 48 to 73 hours to get processed. Overall, we were mostly happy with this section.
How Do You Register for BitcoinX?
- Filling out the registration form.
- Verifying your e-mail address and account.
- Making an investment.
- Crafting a new trading strategy according to your goals.
- Clicking on the “Trade” button to begin.
Is BitcoinX Legit? – Our Verdict
Remember that if you want to identify a legit trading robot, all you need to do is double check its security measures, expectations, and features. If it all checks out for you, you’re ready to go! Keep in mind that any software that tries to sell you something that looks too good to be true is likely a scam.
In conclusion, BitcoinX is fully approved by our team and TrustPedia, so you may use it as your daily trading tool without any issues, regardless of your current trading experience.
Frequently Asked Questions
Not at all! Becoming a member of BitcoinX took only a few minutes for our team, and since the signup process is the same for every user, we expect it to be simple and straightforward for you too.
It’s important to note that the BitcoinX membership is entirely free, and the company doesn’t seem to charge its users any extra fees for using the service.
It’s important for every trader to keep an eye out for scammers. If you’ve ever used one of these fake platforms, your information could be at risk. We want to mitigate some of the risks of these fake websites, so we also created a list of fake/scam trading robots that you should avoid at all costs.