Bitcoin is hitting new highs, which has traders across the UK asking how to get in on the digital currency boom. One of the easiest ways to get started is with an automated Bitcoin trading system like Bitcoin Digital.
This platform uses artificial intelligence to time the Bitcoin market without any intervention on your part. It claims to trade with 99.4% accuracy and take just 20 minutes of your time each day. All you need to do is deposit $250 to get started.
Sound too good to be true? In our Bitcoin Digital review UK, we’ll take a closer look at this cryptocurrency trading platform to determine whether it’s a fake or a legit platform for trading Bitcoin profitably.
- 1 What is Bitcoin Digital?
- 2 Bitcoin Digital Claimed Success Rates
- 3 Bitcoin Digital Fees
- 4 Is Bitcoin Digital a Scam?
- 5 Bitcoin Digital App & Desktop Platform
- 6 Bitcoin Digital Payments & Withdrawal
- 7 Bitcoin Digital Customer Support
- 8 How to Use Bitcoin Digital
- 9 Bitcoin Digital Pros and Cons
- 10 Bitcoin Digital Review – The Verdict
- 11 Bitcoin Digital – Sign Up Today
- 12 FAQs
What is Bitcoin Digital?
Bitcoin Digital is a cryptocurrency robot trading service that buys and sells Bitcoin and other digital coins on your behalf.
The platform operates passively throughout the day. Bitcoin Digital has developed a proprietary artificial intelligence algorithm that identifies trading setups and then buys Bitcoin on your behalf. When the profit target for that trade is reached, the AI system automatically sells the Bitcoin for a quick profit.
Importantly, there is very little need for manual input with Bitcoin Digital’s trading system. As a result, the company claims that most users spend just 20 minutes a day interacting with the trading platform after signing up.
The goal behind Bitcoin Digital is to make winning trades with consistency. While some trades could result in losses, the platform makes money for you if the overwhelming majority of trades turn a profit. The platform claims that most traders make a minimum of $1,100 per day trading with Bitcoin Digital.
Of course, you should always be wary when using a trading robot, especially when it claims to offer significant profits with little work. There are both stellar and negative reviews of Bitcoin Digital from past users, so make sure to tread carefully when starting out with this Bitcoin trading platform.
Bitcoin Digital Services
Bitcoin Digital only does one thing: automated cryptocurrency trading. The service operates passively with little input on your part, so it doesn’t require you to have extensive knowledge about either trading or digital currencies like Bitcoin, Ethereum, or Ripple.
How Does Bitcoin Digital Work?
Bitcoin Digital is designed to be simple to use and easy to get started with. One of the best things about this platform is that it’s suitable for beginner and experienced UK traders alike.
Let’s take a closer look at how you can sign up for Bitcoin Digital and start passively trading cryptocurrencies:
Step 1: Register with Bitcoin Digital
To get started with Bitcoin Digital, the first thing you need to do is sign up for a new trading account. Head to the Bitcoin Digital website and enter your name, email, and phone number in the box at the top of the page. Then click ‘Register Now.’
Step 2: Open an Account at a Partner Broker
Bitcoin Digital only supplies the AI algorithm for automated cryptocurrency trading, not a digital wallet and brokerage account for actually trading digital coins. After you register with Bitcoin Digital, you’ll be directed to a partnered Bitcoin exchange to set up a new digital wallet.
Which partner you are matched with depends on the country where you’re a resident. Notably, Bitcoin Digital doesn’t share the identity of the broker you’re signing up with. That’s a little off-putting, since there’s no way to confirm that you’re signing up with a regulated and trustworthy entity.
That said, you will have to verify your identity with a passport or driver’s license in order to sign up for the brokerage account. That’s a promising sign that the broker is regulated, since this is generally not required by unregulated brokers. In addition, the broker accepts debit and credit cards, which means that major financial firms are willing to work with Bitcoin Digital’s partner broker.
Step 3: Verify Your Identity
As we noted, Bitcoin Digital’s partner brokers require you to verify your identity to comply with anti-money laundering regulations. You can complete this step by uploading a copy of your passport or driver’s license. You’ll also need proof of address, which can be a bank statement or utility bill.
Most trading platforms can verify your documents instantly. However, some take up to two days to complete the verification process.
Step 4: Deposit Funds
The next step is to deposit funds into your new brokerage account. This is the money that Bitcoin Digital will trade on your behalf with.
The platform requires a minimum deposit of $250, which is around £185. Most of Bitcoin Digital’s partner brokers accept debit or credit card as well as UK bank transfer. Some also accept payment through an e-wallet like PayPal.
Step 5: Activate Bitcoin Digital
Now you’re ready to start trading with Bitcoin Digital. It’s a good idea to start out with the paper trading account that the platform offers. This gives you a chance to test out the robot and calibrate any parameters without risking the money you just deposited. There are no fees when trading with the demo account.
Once you’re happy with Bitcoin Digital’s trading robot, you can turn on live trading from your account dashboard.
Bitcoin Digital Claimed Success Rates
The key to Bitcoin Digital’s platform is a proprietary artificial intelligence algorithm that scans the markets and identifies trading setups in real time. When it spots a setup, it buys cryptocurrency and then sells it for a profit (or loss) shortly thereafter.
Bitcoin Digital claims that its algorithm is 99.4% accurate, which is extremely impressive and makes for consistently profitable trades.
Bitcoin Digital doesn’t advertise a specific percent gain that traders should expect each day. The company notes that most traders expect a minimum of $1,100 per day, but it’s not clear what amount of initial capital that number is based off of.
In the live results that Bitcoin Digital displays on its website, traders reported anywhere from $600 to $1,200 in profit per day.
Bitcoin Digital also offers testimonials from current and past users on its website. In the testimonials, traders note that they started with the minimum deposit of £185. One reports over £5,200 in profit in just 47 days, and others reported over £7,400 in profit.
Of course, you should take these testimonials with a grain of salt. There’s no way to know if they’re accurate, and in any case Bitcoin Digital is incentivised to display its top user results.
Bitcoin Digital Fees
Bitcoin Digital takes a unique approach to pricing that ensures the platform is working hard to generate profits for you. Instead of charging a monthly account fee regardless of whether you’re making or losing money, Bitcoin Digital only charges a commission on your profits.
The way this works is that for every profitable trade, Bitcoin Digital takes a 2% cut of the proceeds. So, if you start with an initial deposit of $250 and the trading robot grows your account balance to $1,000, then you’ll owe 2% on the $750 in profit the platform generated. That’s equivalent to $15 in fees, so you’re left with $735 in profits.
Bitcoin Digital doesn’t have any hidden fees or withdrawal fees – just the 2% commission on profits. So, there’s essentially no cost to using this platform unless it’s generating returns for you.
Is Bitcoin Digital a Scam?
You should be wary of any online trading system that promises huge profits and very little work. That’s especially true when it comes to trading in cryptocurrencies, which are considered among the most high risk investments available.
So, is Bitcoin Digital trustworthy, or is this automated trading system a scam?
It’s difficult to give a definitive answer to that question. There’s no way to verify the claims that Bitcoin Digital makes about its past performance or the profits realized by some traders. The fact that Bigtcoin Digital won’t give you details about its partner brokers is also a bit of a red flag.
That said, there are plenty of positive reviews of Bitcoin Digital online. Not every trader reports becoming a millionaire in a matter of weeks, but many point out that they were able to make decent profits using this trading system. In addition, Bitcoin Digital has been around for several years – a sign that it’s a reputable trading platform with a product that works.
Ultimately, the only way to know if Bitcoin Digital works is to try out the trading robot. We recommend starting with a demo account so that you’re not risking any real funds when testing out the system.
Bitcoin Digital App & Desktop Platform
Bitcoin Digital primarily uses a web interface, so there is no software to download onto your computer. Inside your online account, you can view the trading robot’s recent performance. That includes a view of what trades have been placed and whether or not they turned a profit. The dashoard is also where you’ll find a switch to move between demo and live trading.
Bitcoin Digital also offers a mobile trading app for iOS and Android. The app isn’t publicly available in the Google Play or Apple App Stores. Rather, Bitcoin Digital sends you a download link for the app once you have registered for the trading system.
Bitcoin Digital Payments & Withdrawal
Payments at Bitcoin Digital are facilitated by the partner broker where your trading account is registered. You do not make payments to or withdrawal from Bitcoin Digital itself.
Thanks to this process, the types of payment methods accepted can vary between partner brokers. Nearly all of Bitcoin Digital’s partners support debit and credit cards along with bank transfers, and many support e-wallets like PayPal.
The deposit and withdrawal process and any relevant fees depend on the broker you’re matched with. Most brokers offer fee-free deposits and withdrawals, but you’ll need to check whether this is the case for your matched broker when signing up for Bitcoin Digital.
For Bitcoin Digital’s part, the platform notes that you can take cash out of your account at any time. Payments can only be sent using the same method as that used for your deposit. Also, if your balance falls below $250, Bitcoin Digital will fully cash out your account. It’s not clear whether you can request withdrawals directly from your broker.
Bitcoin Digital Minimum Deposit
The minimum deposit at Bitcoin Digital is $250, which is around £185.
Bitcoin Digital Customer Support
One major downside to Bitcoin Digital is that the platform doesn’t offer any customer support unless you’re already a registered user. There’s no contact information or email address you can use to ask questions.
The platform notes that you’ll receive additional information about how to make contact after you register, but there’s no guarantee that you have access to customer support.
How to Use Bitcoin Digital
Let’s review how to use Bitcoin Digital in 6 quick steps:
- Register a new account with your name, email, and phone number
- Open an account with a partner broker
- Verify your identity with a photo ID
- Deposit a minimum of $250 using a debit or credit card, e-wallet, or bank transfer
- Test out Bitcoin Digital using the demo account
- Activate live trading to start trading with real money
For more information on how to make Bitcoin Digital work for you, scroll up to the section on ‘How Does Bitcoin Digital Work?’
Bitcoin Digital Pros and Cons
Bitcoin Digital Review – The Verdict
Bitcoin Digital has the potential to be a terrific trading system if its claims are true. Just make sure to test out the platform thoroughly using the demo account before you jump into live trading.
Ready to get started with Bitcoin Digital? Click the link below to sign up today!
Bitcoin Digital – Sign Up Today
Cryptoassets are highly volatile unregulated investment products. No EU investor protection.
Does Bitcoin Digital have a mobile app?
Yes, Bitcoin Digital offers a mobile app for iOS and Android. You must register for the platform in order to download the app.
What is the minimum deposit at Bitcoin Digital?
Bitcoin Digital requires a minimum deposit of $250, or about £185.
How much does Bitcoin Digital cost?
Bitcoin Digital charges a profit-based commission so that the platform only makes money when you make money. The commission is 2% on each profitable trade.
Is Bitcoin Digital regulated?
Bitcoin Digital is not regulated. However, your trading account and funds are kept with a partner broker, which may be regulated.
What payment methods does Bitcoin Digital support?
Payments are controlled by the partner broker you use with Bitcoin Digital. Most partner brokers support credit and debit cards, e-wallets like PayPal, and UK bank transfers.