When it comes to trading Bitcoin and other cryptocurrencies, there are a lot of different platforms to choose from. However, not all of them are created equal. Some are much better than others, and some are outright scams.
One platform that has been getting a lot of attention lately is Bitcoin Champion. In this review, we’ll take a closer look at Bitcoin Champion and see what it has to offer. We’ll also try to answer the question: Is Bitcoin Champion a SCAM or LEGIT?
What Is Bitcoin Champion?
Bitcoin Champion is an automated trading platform that uses cutting-edge technology to trade cryptocurrencies on behalf of its users. The robot uses a set of algorithms to help traders make smart decisions about when to buy or sell a digital asset. Transactions can be completed manually or automatically.
The algorithm operates with the aid of an artificial intelligence and machine learning program that forecasts market trends. There isn’t much information on the platform’s creators, but it appears to have been built by a team of experienced traders and coders.
Thanks to its user-friendly interface, Bitcoin Champion is suitable for both novice and experienced cryptocurrency traders. However, it is worth noting that cryptocurrency trading has no assurances due to the extreme fluctuation in the market.
PROS AND CONS
- Creating an account takes only a few minutes.
- The user interface is highly intuitive and simple to use.
- Withdrawals are processed quickly and directly to your digital wallet.
- Available in many countries and free to use.
- There isn’t much information on the platform’s creators.
- False marketing claims about ties.
- Unverified testimonial assertions.
- Website interfaces are similar to other robot websites.
FAQs About Bitcoin Champion
How Does Bitcoin Champion Work?
It is a trading software that uses artificial intelligence to analyze market trends and calculate wagers accordingly. Bitcoin Champion’s AI-driven algorithm has been designed to manage money, increase profits, and even make short-term forecasts! Bitcoin Champion will seek out any potential opportunities in the cryptocurrency markets with high-throughput back testing to determine if it meets your risk tolerance. Bitcoin Champion has partnered with reputed and ECN-regulated brokers who provide the service of trading cryptocurrencies and other financial assets.
How To Get Started with Bitcoin Champion, Registration, And Verification Process:
Here are the steps to take to get started with Bitcoin Champion:
Step 1 – Registration
Sign up for a free account by providing your basic information such as name or email address, number on the registration form. (Form is provided on their Website Homepage)
Step 2 – Verification
You will receive an email with a verification link, allowing you to access the trading dashboard. You don’t need to submit identification papers when you register on an auto trading bot, but you will have to go through the KYC and AML processes in order to trade on associated broker platforms.
Step 3 – Demo-Trading
This feature is optional but recommended. This feature is very useful, It is a good way to familiarize yourself with the auto trading system and learn about all the tools before making a deposit and starting live trading.
Step 4 – Deposit
After the registration and demo mode, you will be assigned a partnered broker. You will be required to deposit a minimum of $250, this step has to be completed before you can activate the live trade. We usually urge novices to begin with a low-risk trade.
Step 5 – Live Trading
The option of auto trading has become available to traders. If the feature is enabled, the system will automatically calculate potentially profitable trading possibilities and send these signals to the broker platform. Traders can also opt to manually execute buys and sells by providing trade conditions such as when the trade should be opened or closed.
What Cryptocurrencies And/or Assets Can You Trade Using Bitcoin Champion?
The robot offers trading in more than 15 crypto assets, including:
- Bitcoin (BTC)
- Ethereum (ETH)
- Lite coin (LTC)
- Ripple (XRP)
- Bitcoin Cash (BCH)
Traders Can Also Access Bitcoin Champion Through Fiat Currencies, Including:
- S. Dollar (USD)
- Euro (EUR)
- Pound (GBP)
- Australian Dollar (AUD)
How Much Does Bitcoin Champion Cost, Are There Any Fees Involved?
The registration is free. Bitcoin Champion claims they do not impose any charges on using its services, but we discovered that the platform charges a 2% commission on the profits earned through the robot and you will still be required to pay a fee in exchange for the broker services.
What Are The Payment Methods And Are There Withdrawal, Deposit, Or Trade Limits?
The available methods for deposits include:
- MasterCard and Visa
- Credit and debit cards
- Bank wire transfers
- Ne teller
- Skrill, and other e-wallet services
The auto trading bot does not impose any particular limitations on withdrawals. Traders may request payments and the funds are promptly deposited into their bank accounts. There are no limits in terms of deposits, the restrictions only are the amount of money you must deposit to start live trading (at least $250). The quantity of trades that can be done depends on the amount of leverage supplied by the partner brokers.
Can I Trade Assets With Leverage?
Yes, Bitcoin Champion has partnered with brokers that allow you to trade in CFDs based on cryptocurrencies using leveraged trading. It’s a form of derivative that allows users to profit from the underlying asset without owning it, such as Bitcoin (BTC). Although the software’s website does not mention this, our Bitcoin Champion review found that it may give users up to 1000:1 leverage, the average range for most of the other crypto trading robots.
Remember, leveraged trading comes with many dangers. If the trade does not work in your favor, having more leverage multiplies your losses. We strongly advise that only those who understand the full implications of leveraged trading should do it.
What Devices Can I Use Bitcoin Champion On?
Bitcoin Champion is available on most devices. Although it does not have any native or downloadable mobile app, you can access its website from almost any browser using the following devices:
- Smartphones (Android and iPhone)
- Desktops and laptops
It is also worth noting that in order to trade smoothly, you’ll need a solid internet connection.
Is Bitcoin Champion Available In My Country?
The Bitcoin Champion services are accessible to traders in more than 120+ different nations.
- United Kingdom (UK)
- Australia (AUS)
- Canada (CA)
As Well As:
- Europe (Austria (AT)
- Germany (DE)
- Switzerland (CH)
- Holland (NL)
- Poland (PL)
- Belgium (BE)
- Spain (ES)
- South & Central America (BR, PE, MX)
- Africa (ZA)
Are My Money And I Protected With Bitcoin Champion?
When we did this review, our team observed that the Bitcoin Champion system is compliant with GDPR and uses a strict KYC process to protect user data. It also has a high-security system that protects its user’s personal and financial data. On the other side, The Bitcoin Champion robot does not keep your money for you but instead aids you in making good trading decisions and charges low costs on profits. All transactions are completed through respectable brokers and exchanges. As long as you use a trustworthy brokerage and execute successful trades, your data and funds are safe.
What Is Their Customer Support Like?
Bitcoin Champion offers 24/7 customer service to traders. There is no option to contact customer service before signing up. After registering, you can access their customer service through different options including phone number, email, and live chat. You may also reach out to their representatives on popular social media platforms. However, you may get in touch with your account manager, who is there to assist new consumers like yourself adjust to the procedure.
Alternatives To Bitcoin Champion
If you’re not satisfied with what Bitcoin Champion has to offer or if you’re looking for more options, there are other cryptocurrency trading robots in the market. Some of these alternatives include:
Bitcoin Code – is a crypto trading software that was created by Steve McKay. McKay is a well-known figure in the online trading world, and he has also been featured on sites like Forbes and Bloomberg. Bitcoin Code claims to have a success rate of 86%, and it is available in more than 140 countries.
Crypto Soft – is an automated trading software that was created by Thomas Green. Green is a financial analyst who has been working in the online trading industry for over 10 years. Crypto Soft is available in more than 190 countries and claims to have a success rate of 88%.
Immediate Edge – is a crypto trading software that was created by Edwin James. James has been working in the online trading industry for over 15 years and is a well-known figure in the financial world. Immediate Edge is available in more than 190 countries and claims to have a success rate of 91%.
As you can see, there are many different options available to you if you’re looking to trade cryptocurrencies. All of these software claim to have high success rates, so it’s up to you to decide which one is right for you.
Bitcoin Champion Key Features
Bitcoin Champion is a cryptocurrency trading robot that claims to help users make money by automatically buying and selling crypto assets. Below, we take a look at some of its key features to see if it lives up to its promises.
Quick And Hassle-Free Registration And Verification Process
Bitcoin Champion has a fast and straightforward registration process that only requires your basic information. After registering, you will be required to verify your identity and phone number through a verification link before you can start trading.
Demo Mode Feature
Bitcoin Champion has a demo account feature that allows you to test the platform’s performance first before going live. Using historical data to replicate actual trading circumstances, the platform will allow you to obtain a feel for how it works.
The Bitcoin Champion trading bot is web-based and can be accessed from any browser on any device. There is no need to download or install any software.
One of the main selling points of Bitcoin Champion is its automated trading feature. According to the website, the robot uses complex algorithms to analyze the market and make profitable trades on behalf of its users. This means that you don’t need any prior experience in the crypto markets to start using Bitcoin Champion.
Another key feature of Bitcoin Champion is its high leverage ratios. Leverage allows you to trade with more money than you have in your account by borrowing funds from your broker. This can magnify your profits if your trades are successful. However, it can also amplify your losses if the market moves against you.
High Payout, Small Fees, And Flexible Payment Option
Bitcoin Champion claims to offer high payouts on its trades. The exact amount will depend on the broker you’re paired with but is typically around 85%. The robot also charges a small commission on your profits. This is how it makes money from its users. Bitcoin Champion offers various payment options to its users, including credit/debit cards and bank transfers. You can also use popular e-wallets like PayPal, Skrill, and Neteller.
The Bitcoin Champion trading system offers responsive customer support to help new and experienced traders alike. This service is available to help you 24/7! You can reach them via email, phone, or live chat.
Access In Multiple Countries And Cryptocurrencies
Bitcoin Champion is available in 150+ countries and supports a variety of cryptocurrency assets.
The Bottom Line – Is Bitcoin Champion A Scam Or Good To Use?
While Bitcoin Champion appears to be a legitimate trading robot with several features that can help you make money from the cryptocurrency market. We believe that Bitcoin Champion is a good choice for both experienced and beginner traders.
However, there is a significant lack of transparency surrounding it. There are no verified testimonials or reviews that we can find, which makes it difficult to say definitively whether or not it’s a scam.
That being said, there are a few things that make us suspicious. Firstly, there is very little information about the Bitcoin Champion creators. This lack of transparency is a red flag that we can’t ignore.
Secondly, the fact that they’re promising such high returns (up to 88% per trade) is also caused for concern. In general, it’s wise to be skeptical of any platform that promises guaranteed profits.
All in all, we do think that you should be cautious when using any cryptocurrency trading robot. This is because the markets are highly volatile, and there is always a risk of losing money.