Bitcoin Digital Review 2023

Bitcoin Digital reportedly leverages its smart algorithms to enable new investors to trade crypto Complex Financial Instruments (CFD) pairs. It reportedly uses a set of mathematical and statistic rules to technically analyse the market based on historical data and makes predictions on the direction coins will likely take to ensure that the user can make profits without having to keep on top of the market at all times.

Reportedly launched in 2015, Bitcoin Digital was the brainchild of a team of ex-Wall Street traders from reputed financial backgrounds who came together with the goal of creating a cryptocurrency trading software that would help ordinary people from around the world make money and grow their wealth.  

As the popularity of cryptocurrency increases and we are closer to crypto mass adoption than ever before, especially due to the pandemic, Bitcoin Digital’s team of experts seek to act as a platform that enables users seeking alternative currency and investment methods using its free and unique AI-guided trading algorithm and a transparent blockchain-based platform.  

1. Open a Free Account

Bitcoin Digital's platform is reportedly free with no commission fee involved in registration or anywhere along the process of making your investment. To open your free account, register on the signup form on the website and agree to the terms and conditions. Then, you will be asked to verify your identity. Your data is protected through RSA encryption and it states that it partners with regulated brokers. 

2. Make a Deposit

Bitcoin Digital prompts users to deposit a seed capital of $250 to participate in the live market through the app. You will have to fund the account through the partner broker. The trading bot has partnered only with those brokers who do not charge deposit or withdrawal fees. Further, it is important to note that this $250 is not a subscription fee. It is the initial capital using which you will be guided to make your first investment using the software.

3. Start Trading

While registration grants you access to the trading dashboard, it is crucial to first understand and practice the various features and options on the platform before starting live trading. You can do this by reading Bitcoin Digital’s comprehensive trading guide and practising the features on the demo account. Once you are familiar and comfortable with the platform, click on the live-trading button to begin crypto trading.   

Designed to help new investors make their first trade, Bitcoin Digital is easy to use and hardly requires any human intervention post the initial setup. We present to you 5 features to help make the process of commencing crypto investment simple and clear.

1. Trading Features

One of it’s most useful features is its trading dashboard that allows users to track their trades and all past successful trades. It is designed keeping in mind users of all levels of expertise and is simple to understand. The platform is equipped with risk assessment features and also has an array of advanced features for experienced traders. It also offers a detailed guide and other educational resources to assist new investors.  

2. Demo Account

Bitcoin Digital’s demo account offers a 100% live trading simulation that enables users to explore and test the different features available on the platform. It allows investors to try out new trading strategies and use virtual money to measure the performance of the chosen assets. Practising using the demo account is strongly recommended in order to learn to manage any potential issues that may arise while live trading.  

3. Success / Win Rate

Bitcoin Digital’s sophisticated algorithm and smart contracts have reportedly proven to achieve high profitability in trades. While some reviews claim that the platform boasts a win rate of 89 per cent for first-time investors, the official website declares that the software has a proven daily profitability rate of up to 60% but we feel that this is an unrealistic amount unless you have a great deal of experience and higher trading capital.

4. Cryptocurrencies Available

Bitcoin Digital enables the trading of prominent cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP) and Litecoin (LTC). Users can also use the platform to specifically maintain their focus on complex financial instruments. 

5. Zero-skill Trading

Bitcoin Digital was created to help laymen enter the trading world and thus prides itself on offering zero-skill trading. Its intelligent algorithm makes informed trading decisions based on research and analysis of years of historical data. The website further claims that one can start trading without much technical knowledge.    

Cryptocurrencies are a volatile investment instrument but there are some steps that you should remember while trading. Some of these are:

Save Some Profits

The crypto market is often difficult to predict and is known for its volatility. While a few profitable trades might encourage users to reinvest all of their profits in the hopes of making more money, it is important to remember that all trades are inherently risky. Therefore, we suggest saving and protecting your financial interests by withdrawing a part of your profits out of your trading account.  

Follow the Advice of Experts

It is crucial to identify experts from the crypto trading industry with vast experience in investment strategies and follow their suggestions. With the advent of social media platforms like Twitter, it is easier than ever to explore the popularity of various strategies and make informed trading choices. It is also important to remember to invest only what you can afford to lose.

Keep a Record for Tax Purposes

In most countries, profits made from cryptocurrency and other digital assets are taxable. Educate yourself on the tax laws and brackets in your country and keep a record of all transactions to avoid any complications while filing taxes.

Endorsements and Opinions About Bitcoin Digital

The internet, with all its benefits, has made it very easy to spread misinformation and rumours. The crypto industry is no exception to this. Bitcoin Digital has been falsely associated with various reality TV shows. Some of them are:

Shark Tank – Bitcoin Digital has often been confused for the Bundli App - a crypto app pitched on the show. The auto-trading bot has never been featured on the show.  

Dragons Den – Rumours that it appeared on the Dragons Den which led to David Jones investing in Bitcoin through the robot are untrue.

This Morning Show – While a few celebrity gossip blogs have associated Bitcoin Digital with this Morning Show, there is no evidence to prove any such association. 

Elon Musk –The legendary investor and entrepreneur was also reported to have invested in Bitcoin Digital. However, all such claims are false as we found no evidence to support such rumours. 

Ashton Kutcher – The popular actor also invests in many global ventures but there is no evidence to suggest that he endorsed the crypto robot in any capacity. All such online rumours are false. 

However, users must remember that faulty associations and untrue claims do not reflect on the robot’s legitimacy. Bitcoin Digital’s official website has dedicated a section to debunking such theories and advises that users must contact the platform to confirm any such claims.  

Final Thoughts on Bitcoin Digital: Is It a Legit Option to Make Money?

Multiple reviews and user testimonials have indicated that Bitcoin Digital appears to be a legitimate and secure platform to invest and trade in cryptocurrency. It is well-designed to cater to users with diverse trading backgrounds and has a simple and straightforward registration process. Many users have reported through online reviews that its unique risk assessment features and AI-powered calculations allow the platform to deliver high levels of profitability, accuracy and efficiency. Further, reports suggest that the platform has strong encryption features and works only with reputed and well-regulated brokers.