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Cryptocurrency is revolutionising the way people trade online. Many experienced crypto traders and ordinary people are now turning to Bitcoin Lifestyle and other auto trading platforms to maximise their profits.
According to Bitcoin Lifestyle, this app is designed to help ordinary people earn more from Bitcoin trading and thus it appears that this trading tool is useful in achieving this goal.
We have researched about this platform and gathered vital information, that should help potential users make informed decisions using our Bitcoin Lifestyle review.
About Bitcoin Lifestyle Platform / Software
Besides using artificial intelligence and other similar technological solutions, Bitcoin Lifestyle uses natural language processing, enabling it to read charts, access news and drive broader insights. The robot leverages its fast algorithm that is reportedly 0.1 seconds ahead of the market.
The website also claims that every registered user gets connected to a regulated broker. It is this entity that reportedly handles user funds as you seek to use technology to maximise your profits.
Bitcoin Lifestyle Founder & Team
We were unable to establish the person who created Bitcoin Lifestyle. But after analysing the unmatched intelligence of the robot's algorithm and the trading technologies' performance, we concluded that the team's founder is likely a professional crypto trader with an exceptional understanding of computer programming and market analysts.
Pros and Cons
Getting started with Bitcoin Lifestyle is straightforward. Here are the main steps to follow:
1. Open a Free Account
Opening a Bitcoin Lifestyle account takes a few simple steps. After filling out your full name, phone number and email address in the top right corner of the homepage, you verify your details, and that is all. Since the site has SSL encryption, you are assured of the safety of the information you provide.
2. Make a Deposit
After registering, the trading robot will automatically direct you to an affiliated broker. You can buy Bitcoin and use it to finance your account. The initial investment should be worth at least $250. If you need to learn more, you can use a demo account.
3. Start Trading
Once you are ready, open a live trading session. As a new trader, you need to protect your investment by specifying daily profits, stop-loss and other parameters. The robot will be able to operate 24/7 based on these parameters.
5 Unique Selling Points of Bitcoin Lifestyle
1. Trading Features
Bitcoin Lifestyle claims that its affiliated brokers undergo strict verification procedures, and only qualified ones get an opportunity to manage the trade on your behalf. The platform's algorithm helps you identify brokers who understand the market and serve your unique trading needs. So, you do not choose brokers when you want to trade currencies on the platform.
2. Demo Account
We used a demo account to determine whether the Bitcoin Lifestyle helps crypto traders invest in Bitcoin and achieve their trading goals. The first thing that we loved about the Bitcoin Lifestyle app is that it allowed us to 'trade' automatically. The support teams also responded to our email in minutes. But we also noticed that the account comes with certain risks.
For example, we did not set "stop-loss" and lost all our funds in the first instance. As such, we recommend that new users should start with the demo account acquaint themselves with the platform before risking their hard-earned money. Overall, and from the demo account perspective, it does appear the Bitcoin Lifestyle trading robot works.
3. Success / Win Rate
Bitcoin Lifestyle claims that it provides $1,100 as the minimum daily profit, but we could not verify this as we used funds in the demo account to test its user-facing features.
The website does however feature a live profit table that shows that successful trades are taking place on the trading app in real-time. What's more, we evaluated lots of feedback on the site, social media, and other sources and noted several accounts of successful transactions.
4. Cryptocurrencies on Bitcoin Lifestyle
5. Customer Service
Bitcoin Lifestyle has a help desk and a telephone support number that users can use to contact the support team.
Other Cryptocurrency Robots
How to Maximise Your Profits
Since cryptocurrencies are volatile investment instruments, it is best to follow some tried and tested strategies to maximise your gains. We have listed a few of these strategies below:
Always invest what you can afford to lose. You may use features like stop loss to ensure risk management. Try and learn the tools and features before you decide to invest bigger amounts.
Follow the Advice of Experts
Try to follow the advice offered by experienced traders. Social media is a powerful communication tool and you can find many experienced traders on Twitter and other social media channels.
Keep a Record for Tax Purposes
Most countries currently do not have many regulations for cryptocurrency taxation but that could soon change. Find out about your country’s taxation policy with regard to crypto and keep a record of various transactions so that you can file taxes at the end of the year easily.
Endorsements & Opinions About Bitcoin Lifestyle
We came across many claims of celebrity endorsements for Bitcoin Lifestyle but found no evidence of endorsements. Richard Branson and Elon Musk have often voiced support for cryptocurrencies but haven’t endorsed any trading software so we have to assume this rumour is definitely false.
There are also rumours of Bitcoin Lifestyle endorsements by popular shows such as Dragons’ Den and Shark Tank but these claims are also false as there is no evidence to support them. However, the robot does offer a good interface to trade Bitcoin and some other cryptocurrencies.
Final Thoughts on Bitcoin Lifestyle: Is It a Legit Option to Make Money?
Even though Bitcoin itself is only just over a decade old, and trading bots even less so, the question of what’s legit or not is one that’s now almost “an age-old” concern in crypto.
But before you get to find out what we think of this application, it’s good to remind everyone that due diligence is paramount for any investor, let alone one who wants to trade crypto using a robot.
So, is Bitcoin Lifestyle a legitimate auto trading platform? First, one will be tempted to go with the user testimonials on the site. Although they show that many people are using it to make a lot of money from Bitcoin, it’s not independently verifiable.
We extracted user testimonials from independent online sources. Most are positive and suggest that the software does work. However, many of these sources did not claim they earn enormous sums per day. Perhaps, this means experienced traders have higher chances of making much more from Bitcoin on the platform than new ones.
Another pointer to its legit status is the level of transparency for the platform’s transactions. Unlike many other trading robots, which charge hidden fees, it reveals that traders have to pay a 1% commission for the service. Moreover, as we have seen, the platform partners with regulated brokers. For this reason, there is no chance that the brokers can use your funds for any other purpose other than the intended one.
Frequently Asked Questions
Yes, the process is simple and needs only a few minutes to create and verify the account. All you should do to provide are your name, email address, and phone number. The service is accessible in several countries. But if you are residing in a place where it does not operate, you are unlikely to complete the registration process.
No, you will withdraw your earnings from the affiliate broker's website, not the crypto trading software, in fiat currency. These brokers use CFDs to trade Bitcoin. So, they pay in fiat currency instead of Bitcoin or other cryptocurrencies.
Currently, all members use the software for free. However, for every successful trade, the robot charges you a commission of 1% on the profit. There is also a small broker fee that you need to pay. Given the high win rate, the cost is worth it.
We could not find any record on the Bitcoin Lifestyle's founder. However, the auto trading platform's performance points to a competent team of crypto traders and financial experts.
Bitcoin Lifestyle claims to complete transactions within 24 hours and sends customers' funds to the respective bank account. Remember, you withdraw from the partner broker site, not the robot website or the trading software.