The last few years have seen crypto trading soar into a billion-dollar industry attracting investors worldwide. While most potential investors are looking to expand their portfolios by investing in crypto, the volatility and lack of understanding of how this market works continue to pose a great challenge. Fortunately, this problem can be overcome by the use of trading bots.
One such successful trading bot is Bitcoin Up — a tool that executes automated trades based on artificial intelligence and complex mathematical algorithms.
This Bitcoin Up review looks at the pros and cons of using the software for automated trading.
What is Bitcoin Up Software?
Bitcoin Up is a trading robot that collects and analyzes market data using complex algorithms. The software then executes suitable trades by relying on artificial intelligence to determine minimum risks and a period of high potential for profitability. Bitcoin Up also facilitates efficient and successful manual trading, making it ideal for experienced traders.
The tool’s friendly user interface allows you to control trade input parameters such as assets to be traded, sell/purchase price, limits and stop loss.
With an 85%+ probability of earning a profit, Bitcoin Up is one of the most sought-after cryptocurrency trading bots today.
Pros of Bitcoin Up:
Crypto trade-executing bots such as Bitcoin Up have made trading more efficient. High-rated Bitcoin Up reviews highlight the Bitcoin Up software has the following pros:
- User friendly interface suitable for beginners
- Built-in features of portfolio management
- SSL secure
- Powered by AI
- Tools for complete user risk management
- Wide range of assets such as cryptocurrency, Stocks, FX, and CFDs are all tradable
- Low transaction fees
- User-friendly and Suitable for Beginners
The Bitcoin Up interface is simple, making it easy for users to set up their accounts. As a Bitcoin Up user, you do not need to possess knowledge of an asset’s value or price chart. The bot will help you search for the best market deals and execute the trades automatically.
- Built-In Portfolio Management Features
Bitcoin Up software helps you manage your investment portfolio by working with well-trained and CySEC-approved brokers. These brokers ensure you get into the right deals and only execute the most profitable transactions.
Relying on automated trading software such as Bitcoin Up has the added advantage of AI and advanced mathematical algorithms to generate signals and conduct trades. The signals are made available to the CySEC-approved brokers through an API, thus enabling seamless and automated portfolio management without directly involving you.
- SSL Secure
Security becomes a critical consideration when dealing with any software or app that holds your money or personal data. The SSL certificate and 128-bit data encryption guarantee Bitcoin Up software users of robust security.
You can safely exchange personal data with the software and deposit or withdraw funds from the platform without any imminent cyber security threats.
- Powered by AI
Machines are not susceptible to human emotions, making trading bots such as Bitcoin Up the perfect tool for your crypto investment. The software does not rely on human judgment but artificial intelligence and complex maths algorithms. Hence, the bot can execute impartial and well-calculated transactions without the influence of your impulses and emotions.
- User Risk Management
Well, any successful trader knows how to manage their risk. Bitcoin Up lets you easily manage and minimize risks. The bot employs backtest techniques to evaluate the feasibility of any particular trading strategy using historical data and market patterns. Thus, you can see how a given strategy is likely to perform before risking your money.
The software also sets up criteria for transactions that enable you to cancel or suspend automatic trading if the criteria fail.
- A Variety of Assets to Choose From
Bitcoin Up trading software provides investors with a rich option of assets for their portfolio. Besides Bitcoin, you can invest in other cryptos such as Ethereum, DASH, Cardano and ten other cryptocurrencies. It also lets you trade deals involving other assets such as CFDs.
- Low Transaction Fees
This Bitcoin Up review would be incomplete without stating the software’s enticing low transaction fees. Users are charged zero license fees and very low commissions on trades executed by the bot. Brokers handling your account are incentivized by earning a 0.01% fee on your successful trades.
Besides, you will not incur charges for deposits or withdrawals made from your Bitcoin Up account.
Cons of Bitcoin Up:
- Risk of loss
- Unavailable in some countries
- A high minimum deposit
- Lack of social trading features
- Risk of Loss
The crypto market is still as volatile as ever. While the Bitcoin Up software guarantees some level of success, there is still a slim chance of losing money.
- Unavailable in some countries
The Bitcoin Up trading software is only available to users from certain countries and is yet to be available to every investor around the globe. This unavailability locks out millions of potential crypto investors who may have added to the global liquidity pool.
- High Minimum Deposit
You must make an initial minimum deposit of £250 in your Bitcoin Up account. This deposit could be lowered to encourage more users to adopt the use of the bot.
- Lack of social trading features
Social trading has become a common and popular tool in crypto trading. Unfortunately, the software does not give users the benefit of leveraging such an important trading feature.
Conclusion:
Bitcoin Up software is revolutionizing crypto trading. The bot pinpoints an exact moment when a transaction has a high probability of being profitable and then executes the transaction on your behalf without any bias. Hence, the software improves your trading efficiency while reducing the risks caused by crypto’s volatility.
