Bitcoin Loophole Review 2021 - Is It Safe & Legit?
Bitcoin Loophole is automatic crypto-trading software, commonly known as a trading robot, or trading bot. It was created to help new traders with quickly starting to earn a profit, but it is also a great option for experienced traders who cannot dedicate too much time to trading on their own due to various reasons.
We did thorough research on the robot, and based on many online reviews and testimonials, we found that it is a legit solution for trading digital currencies. With all the scams and faulty software out there, this was quite a pleasant surprise, so we decided to write a Bitcoin Loophole review that will point traders towards trusted options that can help them tackle crypto volatility with ease.
About Bitcoin Loophole Platform / Software
Bitcoin Loophole is a trusted auto trading robot, which has high accuracy and excellent security. All the funds and information stored within the software are encrypted. Meanwhile, the bot is very easy to navigate and use—easy enough that even someone who has never traded crypto in their life can find their way around.
Interestingly enough, Bitcoin Loophole is actually compatible with most, if not all devices, meaning that you can also use it on your phone, tablet, laptop, or other portable devices.
Bitcoin Loophole Founder & Team
Bitcoin Loophole was reportedly created by a team of developers and traders who wanted to make trading more accessible and easy on everyone. They saw that the crypto industry is filled with robots that are either overly complicated, limited, flawed or even complete scams.
To help improve the trading bots' reputation and make crypto trading more available to those who cannot engage in it regularly, and even to those who do not know how to trade on their own, they created Bitcoin Loophole.
Register now with Bitcoin Loophole!
Pros and Cons
If all of this got you interested in the Bitcoin Loophole trading bot, then you will likely also be happy to know that opening an account with the robot and starting out is very simple, and all you need is to follow three short steps.
1. Open a Free Account
Bitcoin Loophole account is reportedly completely free, and all you need to do to get one is to enter a few pieces of information. The bot requires your first name, last name, email, phone number and password. You will also have to agree to its Terms & Conditions, so we also suggest checking out those beforehand. But, once you do that, you will get a confirmation email with a link, and as soon as you click it, you will be ready to proceed to the next step.
2. Make a Deposit
The second step is to make a deposit. Of course, you are here to earn money, not to spend what you already have. But, an initial investment is necessary in order to obtain some cryptocurrencies for further trading. Fortunately, Bitcoin Loophole doesn't require you to deposit too much—only $250. You can deposit more than that if you want to, but this is the minimum below which you won't be able to go.
3. Start Trading
The last step is to actually start trading. However, before you do, you will also need to decide on the trade settings. The bot itself is a very useful tool, but still just a tool. It needs your instructions which will guide its actions once you use it to access live trading. You will need to decide what coins to trade, what amount to use per transaction, as well as things like stop-loss, which is the limit regarding how much the price can fall before the bot should give up on the trade and close the position. After that, simply click on the live trading option, and you will be ready to trade.
5 Unique Selling Points of Bitcoin Loophole
Bitcoin Loophole has plenty of beneficial features and aspects to it, so we decided to list a few and show you what you might expect if you choose to use it.
1. Trading Features
We have already mentioned many of the trading features that you can hope to find here. A simple-to-use, clean interface is one, and the simplicity of trading itself is quite remarkable. In the end, all you need to do is set up the trading parameters, as described in the previous section, and the bot will do everything on its own. But, to do this properly, you will have to know how trading works and what coins are the most profitable, so some research will be required on your part.
2. Demo Account
Another thing to consider before you go for live trading is trying out Bitcoin Loophole's demo account, first. This is basically a practice account, where you don't use real money, and so you are not exposed to the real risk. The market in which the demo account is used is not real either, but it is a very convincing simulation where you can test how the bot reacts under different conditions based on the parameters that you entered. That will also help you discover if anything needs to change.
3. Success / Win Rate
Reportedly, Bitcoin Loophole has a very high win rate, which sits at around 95%. However, this claim seems to be on the higher side and new traders may find it difficult to replicate such a high rate of success. It is best to start small as cryptocurrencies are a risky investment.
4. Cryptocurrencies on Bitcoin Loophole
There are several cryptocurrencies that you can use on Bitcoin Loophole, although you might be disappointed if you were looking for some lesser coins and tokens. Bitcoin Loophole mostly supports the largest and most popular ones, including the likes of Bitcoin, Ethereum, Ripple and Litecoin.
Bitcoin Loophole is also very transparent about pretty much everything. Let's take the payout feature as an example. After ending the live trade session, you can see your payout value calculated, and you see how much was credited into your account. The payout is perfectly legit and transparent, as well, with no hidden fees of any kind. What you see is what you get, and that is all.
Alternative Cryptocurrency Robots
How to Maximise Your Profits
At this point, you know pretty much all you should know about the bot itself. However, if you would allow it, we would share a few tips on how to approach your crypto trading in the best way possible.
Keep a Record for Tax Purposes
We cannot stress enough how important it is for you to keep a record of all your transactions, earnings, dates and times, and similar details. This is important for accurately filing your tax report, and if you don't do it, you might not be able to obtain accurate information later down the line. While crypto regulations are still not very strict, crypto taxes are already very real, and you need to pay your dues accordingly or risk large penalties.
Save Some Profits
It is easy to make money with Bitcoin Loophole, and easier still to spend it. However, this is not something that we would advise—or at least, do not spend all of it. Put some of it aside, as you are bound to have a bad trading day from time to time, and you will need your savings to rely on. Even crypto bots can mess up your trade, not due to flawed software, but because of sudden market changes, so keep that in mind, too.
Only Invest What You Can Afford to Lose
Lastly, never invest the money that you need to go through the month. If you happen to have a few very profitable trades, you might decide to risk it and go all in. This is something that you should never do, as a bad trade could wipe out all of your money, and then you are left with nothing. Always use your head, instead of allowing yourself to be led by emotions when trading.
Endorsements & Opinions About Bitcoin Loophole
From what we have seen during our research, opinions and impressions about Bitcoin Loophole are pretty much either completely positive or completely negative. Now, we found that the trading bot is legit, and we believe that positive reviews are honest.
However, so are the negative ones, so what happened there? Why did some people make a profit, while others got disappointed?
Well, the thing is that setting up the parameters properly makes a major difference, and most people who are claiming that Bitcoin Loophole is a scam have likely not done it correctly. If someone can trade successfully, then everyone can, provided that they know what to do and how to do it.
So, our advice is to not be alarmed if you run across claims that the robot is a scam. Instead, learn how to properly set it up, and it will do its task accordingly.
Final Thoughts on Bitcoin Loophole: Is It a Legit Option to Make Money?
Yes, we believe that it is. Bitcoin Loophole is easy to use, it doesn't require a high initial deposit, and it is more than capable of making a profit, provided that you know how to customise it.
Its auto trading feature is reportedly very useful, especially if you are still learning about cryptocurrencies, or if you don't have time to constantly monitor the market and react accordingly, then this software can do it for you.
Frequently asked questions
Bitcoin Loophole is free to use, and all you need to do is register. There are no hidden fees, but you will have to deposit at least $250 to start trading.
This depends on how much money you have deposited and used for trading, how you set up various parameters, and alike. In theory, there is endless potential, but in practice, the market behaviour and other mentioned aspects can have a significant impact on your earnings.
This is entirely up to you. As mentioned, you cannot deposit less than $250, but other than that, you can go quite high with your deposits.
There is some amount of risk, of course, due to the ever-changing crypto market. You should start small and try to gain experience in order to manage your risk properly.
No, reportedly, Bitcoin Loophole is very transparent regarding all processes, and there are no hidden fees whatsoever.