Bitcoin Trader Review 2023 – Is it Legit or a Scam?

Factors to Consider Before Using Bitcoin Trader

Before signing up for a Bitcoin Trader account, ensure that its policies and processes don’t hinder you in the future. We analysed metrics that give a realistic representation of how Bitcoin Trader performs in action. We also assigned a score out of five for each category.

Costs and Fees: 5/5

Bitcoin Trader is an affordable trading companion. The bot does not charge fees that many of its competitors do, and this significantly reduces the cost of trading.

When we used Bitcoin trader, we found that it was very cheap without a sacrifice in the quality of service.

Deposit and Withdrawal Limits and Methods: 4/5

To begin using Bitcoin Trader, you’ll need to deposit a minimum of $250 through credit cards and electronic wallets like Skrill and Neteller. Withdrawal channels are limited to the deposit channels used for a specific set of funds. If you deposit using Skrill, you must withdraw the same funds using Skrill.

Aside from the initial deposit requirements, there are no deposits or withdrawal limits. You can deposit as much as you like and withdraw as little as you like without issues. However, withdrawals take 24 hours to process.

Affiliated Brokers: 4/5

Bitcoin Trader partners with several brokers around the world to deliver its services. It claims that many of them are certified by the Cyprus Securities Exchange Commission (CySEC).

Unfortunately, you cannot choose brokers when registering for an account. You are assigned a broker by the platform and are locked into them if you choose to keep using the bot. Therefore, you should research the broker you are given before deciding whether to sign up with them as we cannot guarantee that all brokers on the platform are regulated.

User Testimonials: 4/5

We use independent third-party reviews to gauge service delivery. Usually, if the service is good, we see a lot of positive reviews. But if the service is bad, we see negative reviews.

Bitcoin Trader robot has hundreds of positive user testimonials across different platforms that endorse it as a reliable trading bot. Our experience corroborates the reviews. We found the bot to be profitable and easy to use.

Customer Service: 5/5

The Bitcoin trader customer service team is available via e-mail or phone call 24/5. Agents are on standby to help set up your account and fix any issues you may face.

Verification System: 4/5

New accounts must pass KYC to be verified. You’ll need a government-issued ID and proof of address documents like a utility bill. We found that the verification process was quick and that Bitcoin Trader did not ask for more information that was absolutely needed to verify our identity.