Bitcoin is one of the most speculative assets in the world and it makes huge price swings on news, which makes it one of the best places for news and event-driven investors. As an example, Bitcoin soared from around $30K in early 2021 to around $64K in April following reports that Elon Musk’s electric vehicle company will accept Bitcoin as a payment method.
After hitting $64K, the price, however, fell back below $30K after Musk suspended Bitcoin’s acceptance. As Bitcoin is volatile and makes big price swings on market reports, the price of Bitcoin rose again in the second half of the year, reaching a new all-time high of around $69K in November.
These types of massive price movements appeal to short-term trends and news-driven investors. It is not easy to trade massive price swings with traditional tools. Trading tools and valuation methods that work accurately in currency and stock market doesn’t work in Bitcoin and crypto markets.
Automated trading platforms are one of the best options for finding market trends instantly and avoiding market uncertainties. This is due to the fact that trading robots are backed by algorithms and artificial intelligence that instantly analyze a large amount of data to predict market trends.
Not all software is equally accurate. Different software works differently and uses different methods to analyze data and predict prices. To help investors save time and find the best news-driven automated Bitcoin trading platform, Best Forex Broker Australia extensively reviewed and tested the Bitcoin Prime app to evaluate its reliability and accuracy in trends prediction.
What is Bitcoin Prime?
Bitcoin Prime’s business model is simple and transparent. Its software detects price movements based on market reports and executes transactions on users’ behalf. The platform charges a small commission on profitable trades. There is no charge for losing trades.
Bitcoin Prime is a powerful auto-trading platform for cryptos. It is founded in 2014 and it is among the few platforms powered by artificial intelligence. The platform basically developed to help investors in making returns and lowering risk from the substantial price volatility.
The platform has invested millions of dollars to build the world’s most sophisticated volatility trading system. Bitcoin Prime claims that its software has a win rate of up to 90% in price prediction. Breaking news is used to determine how volatility will be affected by the news.
News-trading systems should be highly accurate and fast. With Bitcoin Prime, breaking news can be captured within microseconds of the announcement and signals generated instantly. As a result, it beats the markets 90% of the time. Investing in crypto traditionally only yields profit if the price appreciates. Whether the price appreciates or falls, Bitcoin Prime permits investors to capitalize on opportunities.
Is Bitcoin Prime Legit?
The platform must have legal status. The use of a credible platform will not only help you protect your deposits but also boost your returns. In the case of Bitcoin Prime, Best Forex Broker Australia performed due diligence to find out its trustworthiness.
Bitcoin Prime appears like a legit and reliable platform. There are several reasons we believe Bitcoin Prime is not a scam. It follows all the trading rules and standards. Its brokerage partners are complying with regulators’ guidelines. The platform also doesn’t charge any hidden commissions and charges. From registration to deposit and withdrawal, everything is free. Their main aim is to enhance investors’ returns from price volatility.
Another factor that makes Bitcoin Prime a reliable platform is users’ feedback. There are over 50,000 Bitcoin Prime reviews on Forex Peace Army, Reddit, and TrustPilot. The majority of them confirm the reliability of its trading system.
How to Get Started?
Usability or user experience is important for trading platforms. We extensively reviewed Bitcoin Prime and we didn’t find any bugs and confusing features or functionality.
Bitcoin Prime has gained a great deal of popularity around the world. It is among the robot platforms that only trade BTC CFDs using artificial intelligence. Using the Bitcoin Prime app, you can trade 75 BTC CFDs on both fiat and crypto.
Besides these features, the platform has also given significant concentration on making it user-friendly. Bitcoin Prime offers a video tutorial to guide investors on how to use this platform.
To access one of the best-automated trading platforms, you need to register first.
Step 1: Registration
It is very simple to register on this platform. You are required to fill the registration form with simple information like name and email address. Failing to provide accurate information may result in delays in gaining access to the software. Safe online practices are essential for Bitcoin Prime users. You should create a strong password, avoid reusing passwords, and store passwords securely.
Once you successfully register on the platform, it will create a dashboard for you where you can review all the products and features.
Step 2: Deposit Money
The second step in this process is depositing money. The minimum deposit requirement is $250. You can use various methods to transfer funds. These methods include credit cards, wire transfers, and online payment methods. There are no charges on deposits. Once your funds transfer into your Bitcoin Prime account, you can view them in your dashboard. You are also eligible to withdraw those funds anytime you want.
Step 3: Demo Trading
Demo trading is not a compulsory step. But it’s the one that we recommend strongly to traders even if they have years of experience. Demo trading provides investors with the opportunity to see the practical implications of the algorithm model utilized by a trading platform.
Bitcoin Prime permits traders to trade markets in real-time with fictitious money. This will enable traders to learn how the platform is working. Also, traders can learn about setting parameters, which is key to success. The robot will work according to trading parameters set by the user.
Step 4: Live Trading
Live trading means you will trade with real money. You need to make sure that you learned about trading parameters and other requirements before trading in real money. As Bitcoin Prime focuses mainly on news-driven investment strategy, you can expect a lot of trading activities. This is because crypto markets are significantly speculative and make big moves on market reports. Traders also need to make sure that they have set stop-loss orders to reduce the risk.
What are the Key Features of Bitcoin Prime?
Bitcoin Prime is a powerful auto-trading app where users are only required to sign up and deposit a minimum of $250 to participate in trading. Due to its high trading speeds, the app takes advantage of the slightest fluctuations in the market. It is partnered with top-notch brokers that offer leverage of up to 3000:1.
Below are a few features that we would like to highlight in this review:
Bitcoin Prime places a strong emphasis on traders’ funds and data security. Its platform is RSA encrypted to enhance security and rule out the threat of third-party penetration. It also complies strictly with data privacy laws, including the EU General Data Protection Regulation (GDPR). EU General Data Protection Regulation is considered the strictest law in the world, and only high-level firms are able to comply with its regulatory requirements.
Moreover, the platform is only partnered with brokers that are complying with regulatory guidelines to secure users’ deposits. On top of all of the above, Bitcoin Prime operates on the blockchain, meaning that its users can monitor trading activities and solve disputes through smart contracts technology.
User Friendly and Transparent
Trading with Bitcoin Prime is easy as all the functions are automated. It’s free to register and fund your account. Low minimum deposit requirement along with adequate trading resources such as demo accounts makes it a good place for beginners.
Unlike most of its competitors that charge hidden fees and commissions on trades, Bitcoin Prime charges a 2% commission on profitable accounts. You are not liable to pay commission on losing trades.
News Trading with Bitcoin Prime
Trading on news and market sentiment is popular among short-term traders. Looking at headlines and overall market sentiment can help investors in making the right bets and avoiding risks. It’s true that big news items like mainstream adoption, regulatory changes, and increasing acceptance have the potential to create big moves in crypto markets.
Bitcoin Prime has been investing millions of dollars on its software to enhance its capacity to predict the market trend based on market news with a win rate of up to 90%. This software basically helps in studying breaking news and determining how it will affect volatility. The platform has the potential to capture breaking news within microseconds of the announcement and instantly generate highly accurate signals.
Bitcoin Prime is a well-known automated trading platform throughout the world. The majority of users’ feedback is positive about the software. The users are not required to have any trading skills to trade Bitcoin through Bitcoin Prime. High accuracy rate, transparent fee structure, and advanced features are among the factors that make Bitcoin Prime a solid platform. The platform runs on a blockchain, which enhances its transparency.
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