It is a software said to be backed up by an intelligent algorithm that is able to go through the cryptocurrency data sets and make investments based on its findings. It is an online trading platform for cryptocurrencies.
Bitcoin Lifestyle claims to be a profitable cryptocurrency trading platform because it is an intelligent software that is able to study the market and intuitively make investments. Through this, the trader doesn’t need to go through the process of looking through each cryptocurrency to identify which one to invest in. The software will automatically do it for him. However, its profit model is far too similar with other cryptocurrency auto-trading software in the market making hollow promises.
You can easily sign up to Bitcoin Lifestyle through its homepage. The form can be prominently seen on the top of the page. It only requires some personal information such as your first name, last name, email address and mobile number. Once you register, a broker will be in touch with you to encourage you to sign up and invest your money. Aside from this, you will also receive a confirmation email which can redirect you to the login page.
You are required to deposit at least 250 Euro for the trading platform to start operating. While you don’t have to pay for anything to get access to the application, you will still need an initial investment if you want the software to start investing your money for you. The software claims that it accepts a variety of options but it seems that the options are limited based on the broker who is assigned to you.
It does have a demo option, but it is extremely limited. This is because you can only access the platform just to see how it works. With that restriction, you cannot start a trial investment. You can only start the investment process if you have already deposited 250 Euro in your account.
You can begin live trading by assessing your risk tolerance. In the platform, you can determine this by setting up how much money you are willing to lose. There is also training built inside the system. The company claims that you must train for at least 8 hours a day to understand how the platform works. This way, you will make more money as the application learns your investment behavior. However, the process is still far too similar with other software packages to have any basis for its profitability claims.
You will like the software because of its seamless onboarding process. When you sign up, a broker will assist you so you’ll get started by depositing 250 Euro. It is a great place to learn cryptocurrency trading.
However, the automated trading system is just too good to be true. There are fees and a slow withdrawal process. Testimonials also seem to be fake and unverified.
One of the greatest hoaxes perpetrated by Bitcoin Lifestyle is the fact that it associates itself with different personalities. In the Philippines, for example, it claims to be recommended by the President as a cure for poverty. Making such claims can mislead a lot of people into thinking that it works because it is backed up by popular personalities. But all of these are a hoax. It associates itself with big personalities in order to win the trust of its audience. But this practice will backfire once its audience were able to do a background check on the company.
Bitcoin Lifestyle is an web-based cryptocurrency trading platform. However, there is no official app for it. If you find a mobile app with a similar name, remember that it is not associated with Bitcoin Lifestyle.
With all the red flags, Bitcoin Lifestyle is definitely a scam. Your hard earned money is better allocated to other auto-trading platforms instead.