BitProfit Review 2023 – Is it a Scam or Authentic Crypto Robot?

BitProfit is a great platform with amazing potential daily profitability rates. But trading with the bot is also super risky. You could lose most of your capital in a single miscalculated move. Any prudent investor will avoid trading with all their savings.

Starting small and reinvesting the returns is the safest way to grow. BitProfit offers tools to help you automate reinvestments. Thousands of testimonials from its users indicate that some traders have used the reinvestment strategy to earn fortunes within a short time.

This trading bot provides powerful tools to help users manage risk. Consequently, the bot is considered less risky compared to other CFD robots. You should take a risk appetite test on the robot's risk management page to determine the best risk per trade level.

Your account's risk per trade level should match your risk appetite. BitProfit measures your risk appetite by evaluating your trading psychology and financial status. The risk appetite test offered by this bot is considered highly accurate.

BitProfit offers the Stop Loss (SL) and Take Profit (TP) tools to help you control emotions in trading. The emotions of anxiety and greed are the biggest barriers to success in trading. Applying the TP and SL automates the closing of trades. This prevents traders from holding positions too long or closing positions too soon.

The robot also offers a Negative Balance Protection (NBP) tool to protect users from negative losses. Trading CFDs is highly leveraged, and it's possible to generate negative losses.

BitProfit scores excellently in our legitimacy tests. The legitimacy is justified by its commitment to operating transparently. As we will see later in this post, all trading with this bot happens in a blockchain-based ecosystem.

Blockchain technology is all about transparency in transactions. This trading bot is equipped with Smart Contracts technology. This technology cements transparency by ensuring that transactions are executed per the guide.

BitProfit also scores amazingly in our reputation tests. We give it a reputation score of 95%, given the superb feedback from most of its users. Even better, the robot is expert-reviewed on nearly all authoritative review sites.

The experts find it genuine and report that it's super profitable. BitProfit further proves its commitment to client satisfaction by partnering with quality CFDs brokers. The robot executes the CFDs trading through the brokers.

We have conducted thorough background checks on the brokers and confirmed that they are genuine. They are also reputable and offer some amazing CFDs trading conditions. These conditions are the best for any fast-paced trading approach.

We have also scrutinized this bot for safety and are satisfied with the results. BitProfit is equipped with powerful safety tools capable of thwarting sophisticated attacks. This is important given that trading bots are a prime target for cyberattacks.

Finally, we have tested this CFDs robot's customer support services and found them satisfactory. They are easily reachable via live chat and phone. Moreover, they can easily be traced through their contact information. This is important since scammers are known to use untraceable phone numbers.

BitProfit Amazon

The fake posts associating BitProfit amazon have gone viral. A search of this bot on Google is likely to reveal these fake posts.

Amazon is a retail company operating in over 160 countries worldwide. The company is among the few that have surpassed a value of $1trillion in market cap. Amazon has nothing to do with BitProfit or related crypto robots.

A statement on the official BitProfit website warns users about Amazon-related fake news.

BitProfit Tesla

Tesla has made headlines for taking the bold step to invest in bitcoin. The company announced a $1.5 billion investment in BTC in 2020.

Its latest disclosures indicate that it has recently sold over $900 million worth of bitcoin. The fake posts claim that the company has divested to invest in leading crypto trading robots. BitProfit has reportedly received funding from this company.

A recent statement on the BitProfit website confirms that these are lies. The robot claims to be fully funded by the commissions charged on users’ accounts.

BitProfit Dragons Den

The Dragons Den is a BBC entrepreneurship show aired in Canada and the UK. The show features innovators pitching their business ideas to a wealthy panel of angel investors for funding and support.

Some fake posts claim that BitProfit raised capital on this show a few years ago. The platform was reportedly funded by Peter Jones and Deborah Meaden. These two angel investors are said to have jointly invested $1 million in the project.

BitProfit has denied ever appearing on this show and warned its users against fake news. You can find the warning statement on its official site.

Trading with BitProfit is a no-brainer for those who can follow the trading instructions closely. The trading steps are listed below.

1. Signup with BitProfit on its official site

2. Verify the registration with the linked broker

3. Fund your account through the linked CFDs broker

4. Prepare through the demo platform

5. Start a live session

You don’t need to waste time monitoring the trading. Feel free to continue your daily plans as the BitProfit system works for you. Setting the robot for trading doesn't take more than 10 minutes. You can set it to automatically suspend trading at the end of the daily trading session.

An analysis of the reviews indicates that 80% of the robot’s users could be profitable. Surprisingly, hundreds of reviewers report building fortunes through the system. BitProfit can reportedly deliver up to 30% in daily profitability rate.

The robot reportedly enables users to predetermine the amount of daily profits to compound. You should use the BitProfit calculator to find out the potential returns when a certain reinvestment rate is applied.

Trading with BitProfit is a breeze for those who are patient enough to follow the instructions. The instructions are easy to understand, but you must pay attention to detail. A small settings mistake can greatly affect the trading outcome.

The settings guide includes instructions for trading risk management. You will likely make huge losses if you fail to align the robot's risk management settings with your risk appetite. Our investigation shows that many of those who have lost money with this bot failed to follow the trading instructions.

But you could still lose money even with the right settings. Crypto CFDs are super volatile, and trading happens on high leverage. The high volatility and leverage magnify all trading outcomes. BitProfit has a disclaimer on its website advising users to only trade with what they can afford to lose. A statement also warns traders of the fake news targeting the platform. These include the BitProfit Amazon claims.

We have highlighted the key points discussed in this post for the sake of those who may not have the time to read the entire review.

The information presented in this post is informed by a thorough analysis of users and expert reviews. We have also conducted rigorous testing on the platform through its quality demo platform. The findings are listed below.

BitProfit is a legit robot with an amazing reputation among experts and verified users. It’s widely reviewed on social media and in authoritative publications.

The users’ reviews confirm that this CFDs robot is a great performer, with up to 25% daily returns. T tens of experts on leading CFDs robot review sites confirm these sentiments.

Our tests indicate that the BitProfit system is built using the best CFDs trading technologies. None of the many robots we have reviewed is as advanced as BitProfit.

Background checks on the implementing brokers confirm that they are genuine. Moreover, the tests indicate that they operate transparently.

BitProfit has enough data privacy measures in place. This is quite important since most cyberattacks begin with stolen personal information.

We have proof that this bot offers superb customer support services. You can contact them directly or through their partner brokers. All trading-related questions should be redirected to the broker.

Trading CFDs through such a powerful robot could make you extremely wealthy quickly. But don't take the great potential as a guarantee of profitability. CFDs are super volatile, and trading them on high leverage is highly risky. Invest wisely!