Bitcoin Money is an application that will help you trade cryptos. It is created specifically for people who know nothing about crypto trading. Its main selling point is its automated process, where it analyzes the market using its technology so that it can bid on cryptos that have the highest chance of increase.
Trading Bitcoins or other cryptocurrency requires time and effort. You need to study the market so that you can make intelligent investments; you also need to continually monitor the rise of the currency so that you can sell your cryptos at the right time. There are multiple factors at play when you trade cryptocurrency. These are:
What makes the app special?
Cryptocurrency apps like Bitcoin Money claim to take the guesswork out of the equation. They do this by implementing a computer-operated trading transactions for you.
In this system, the app has an intelligent robot that will look at the cryptocurrency market trends. You can set it to buy cryptos when they are cheap and sell when they rise in value. In addition to that, you don’t have to watch the rise and fall continually. You can just rest while the software trades for you.
Will it work accurately?
Unfortunately, we cannot vouch for its accuracy. Although the app claims that it can win 80% of the time, there is not enough proof that it can work in the way it says it can.
When you visit their website, you will see the registration form prominently placed at the top of the page. Creating an account is easy. You just need to give: Your name, Email Address, and Phone Number. You will receive a confirmation email once you sign up and you can start trading once you log into your account.
You need to deposit 250 USD for the app to work. This will be reflected as credits in your account. There are many ways to deposit your money. The company receives payment from a variety of channels. This include Visa, MasterCard, Skrill, Web Money, Neteller, Maestro, and Wire Transfer.
Unfortunately, the app doesn’t have any free demo trading options. As mentioned, the trading features of the app will be activated once you make an initial investment.
Live trading happens once you make your 250 USD investment. From here, you have two options: manual and automated trading. For manual trading, the app will ask for your permission for every transaction that it does. Whereas, automated trading is where the robot is free to place bids for you.
Bitcoin Money is great because it has an easy sign up system, amazing onboarding experience, and it can really do transactions on your behalf. However, it lacks credibility. It still needs to provide proof to support their income claims and testimonials. A contact page must also be present in the product homepage.
While there are no articles or complaints written against Bitcoin Money, the lack of verification and evidence that it works can lead some people to think that it is a hoax. The company has to prove that it is different from all the similar software in the market. Its website seems to be an exact replica of other Bitcoin bots and it doesn’t seem to have its own testimonials. It just repeats the testimonials that are written in other Bitcoin applications. It is important that you carefully examine the app especially if you are planning to invest a significant amount of money in it.
I have searched the internet for its mobile app. However, it does not seem to exist. Bitcoin Money is an online app that can be displayed in different types of browsers. This means that it can be displayed on your mobile phone without having a standalone app.
Due to the lack of evidences to prove its income claims and its surprising resemblance to other apps that have been tagged as scam, it seems that Bitcoin Money is also a scam.