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Bitcoin Up Opinions: Scam or Serious? Find out Now

Is Bitcoin Up a trustworthy platform or a scam? Quite a few UK and Australian users have gone on record praising it for their high profits. They say the minimum deposit of USD 250 can generate thousands in returns. Although Bitcoin Up was launched relatively recently, that hasn’t stopped it from going viral.

Here is a serious look at the supposed returns yielded by our crypto trading platform. The automated trading robot used by the platform is considered to be among the best by authority reviewers.

What is Bitcoin Up?

For the benefit of crypto trading novices, we’ll begin with the basics. Trading platforms are embracing automation with the robust growth of technology. Investment and trading functions in the financial sector that people carried out in the past have been taken over by robots.

But what is a robot exactly? Robots are based on a set of algorithms. The extent of development of these algorithms determines the robot’s success rate. If they are advanced, you’re more likely to make a profit. If they are lacking, you’re less likely to get returns. You’ll lose money with the most basic ones.

Reliable algorithms can do everything a human can, only better. Thanks to AI, they can adjust with altering data and help bring about returns consistently. You may have read news reports that robots running Wall Street hedge funds are helping people amass huge profits. Bitcoin Up uses such robots to trade cryptos.

How Does It Work?

Now, on to the details. Bitcoin Up relies on blockchain technology to bring about an ecosystem of transparent transactions. It does so successfully. The robot is user-friendly and sophisticated at the same time. You can speculate on the market value of Bitcoin with Bitcoin Up without having to buy any physical asset. The robots bet on the value of BTC with respect to fiat currencies and other cryptocurrencies, like Ripple and Ethereum. The volatility of the market makes it possible to speculate on currency values with lucrative outcomes.

Select brokers at Bitcoin Up execute orders, trade conditional provisions, and facilitate transactions. Users are assured of account safety as these brokers are adequately regulated. 128-bit platform encryption ensures top-level security and safety.

While the revenue potential of Bitcoin Up is immense, use of the platform is not without risk by any means. Do not invest more than you can afford. It’s best to approach it as you would any risky investment. If you’re the conservative investor type, it’s probably not for you.

Is Bitcoin Up a Scam or a Serious Platform?

When it comes to the returns reported for this platform, this is the question everyone wants the answer to. We gave the robot a spin ourselves so we could find out. Our conclusion? It’s perfectly legit. We also conducted a rigorous user opinion and feedback analysis. The platform is based on cutting edge technology.

Bitcoin Up partners with well-regulated and reputable authorities. One reliable indication of trustworthiness is broker regulation. A trading robot without broker regulation cannot be legit.

A partner broker’s roles in robot trading include transaction facilitation and order execution. The security and safety of the trading platform make it obvious the platform is not a scam. No illegitimate platform would invest in encryption on such a high level.

Last but not least, Bitcoin Up complies with all relevant regulations on data protection. Given that the platform is quite popular in countries like the UK, Germany, and Austria, it also complies with the EU General Data protection regulation, a strict data privacy law that addresses personal data transfer in and outside the EU.

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Risk Warning

It’s important to point out that trade in cryptos, Forex, and CFDs is immensely speculative. Not all investors should choose this type of trade. While there are not insignificant benefits, crypto trade in particular can come with hefty losses. Read Bitcoin Up’s disclaimer and Terms & Conditions before you decide to invest. Depending on your location, you might be subject to profit tax.

Opening a Bitcoin Up Account

Now, you know what Bitcoin Up is all about and you’ve probably decided for or against it. If not, ask yourself this: are you an adventurous investor? If the answer is yes, read on to see how to open an account.

As we noted above, this platform’s trades are automatic. Very little human intervention is needed to operate the platform, if any. Notwithstanding this fact, you should read and make sure you comprehend the instructions on trading. While it is easy to trade with a robot, a slight settings error can diminish your returns.

How to Register

Go to the homepage and register using the form provided. To avoid issues later on, make sure you double-check the data you’re asked to provide. This includes an email you use, a phone number you can be reached at, a username, and a password. All accounts registered with Bitcoin Up undergo multi-factor authentication. This is why it’s crucial for your data to be accurate. You might be asked to upload a photo ID issued by the government so that the broker can verify your identity.

Make a Deposit

As mentioned earlier, the minimum deposit is USD 250. You need to fund your account with at least this amount. The deposit process is safe, secure, and simple. You choose your preferred deposit method and click the “deposit” button. The system accepts wire transfers, debit/credit cards, Bitcoin, and e-wallets. Deposits are processed instantly and there is no fee. As the platform’s brokers are regulated, there is no risk of losing this initial deposit. Deposits are insured against losses due to bankruptcy of the company and other adverse events.

Start Demo Trading

It might be a good idea to set up a demo account first if you don’t have any experience with the market. A demo account can help you practice risk management when trading. You’re unlikely to make use of the robot’s full potential without a sound risk management strategy. The demo account will also instruct you on risk settings. Keep in mind that failure to adjust these properly may result in a loss. Don’t worry: the instructions generated are simple and straightforward.

Bitcoin Up’s demo account is based on historical data reflecting real market conditions. Your results during demo practice will be similar to those you can expect when you begin to trade live.

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Start Live Trading

Take the time to get used to the system with the demo account. Once you have, you are ready to trade live.

There’s really nothing to the live account: simply read through the risk management rules and click to start trading. The platform relays orders to the broker responsible for order execution. This process is automatic. Before that, the broker does research.

Slippage is avoided as the brokers’ systems ensure prompt execution. In case you’re not familiar with the term, slippage is when an order is executed at a bad price due to its being delayed.

Other Advantages of Bitcoin Up

Apart from intuitiveness and potential profitability, Bitcoin Up offers the advantages of easy and quick withdrawals and helpful customer support. Withdrawals are promptly processed within 48 hours. The platform’s customer service team is available around the clock via live chat.

Testimonials of Happy Investors

“I am an accountant and I was looking to make a bit of money on the side earlier this year. I did take some finance courses back in college, but they weren’t specialized or anything. A coworker recommended I try a new cryptocurrency trading app called Bitcoin Up. I paid the minimum deposit, tested the system using a demo account, and forgot all about the whole thing until about a month later, when I heard something about high crypto values on the news. I logged in and made $500 that same night!” - Jane, San Diego

“BTC’s price reached a peak a few months ago. BTW I have been following the market closely since the crypto boom some years back and I use a few trading apps. I trade in manual or automatic mode depending on the situation. When Up came out, I was eager to try it. Boy am I glad I did! I’ve been getting consistent returns ever since.” - Kim, Bristol

“Automatic trading robots are great, but I don’t like to be reliant on technology. It’s my money and I prefer a hands-on approach. That’s why I like following the market myself. I’m a successful crypto investor now, but it took years of practice, during which my losses were huge. I would recommend Bitcoin Up’s robot to any beginner – trust me, it’ll save you lots of time and money.” - Andrew, Perth

Final Thoughts on Bitcoin Up

Bitcoin Up is legit, user-friendly, and has adequate safety measures in place. The majority of brokers behind the platform are regulated by Cyprus CySEC, the UK FCA, and South Africa FSB. As of April this year, Bitcoin Up had more than 50,000 users.