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Bitcoin Digital Review UK

Disclaimer Fact Checked

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 a crypto trading platform like Bitcoin Digital.

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.

Bitcoin Digital at a Glance

Type Crypto Trading
Minimum Deposit $250
Leveraged Trading Yes
Withdrawal Time 24 hours
Mobile App No
Supported Cryptocurrencies BTC, ETH, LTE, XRP, BCH

What is Bitcoin Digital?

Bitcoin Digital LogoBitcoin Digital is a cryptocurrency trading service that buys and sells Bitcoin and other digital coins.

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: cryptocurrency trading. The service operates 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.Bitcoin Digital Homepage

How Does Bitcoin Digital Work?

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.’Register for Bitcoin Digital

Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

Step 2: Open an Account at a Partner Broker

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 cards as well as UK bank transfers. 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. 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.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

Client Testimonials

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.Bitcoin Digital Testimonials

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.Bitcoin Digital Features

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.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

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.

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:

  1. Register a new account with your name, email, and phone number
  2. Open an account with a partner broker
  3. Verify your identity with a photo ID
  4. Deposit a minimum of $250 using a debit or credit card, e-wallet, or bank transfer
  5. Test out Bitcoin Digital using the demo account
  6. Activate live trading to start trading with real money

How to Use Bitcoin Digital

For more information on how to make Bitcoin Digital work for you, scroll up to the section on ‘How Does Bitcoin Digital Work?’

Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

Bitcoin Digital Pros and Cons

Pros

  • Minimum deposit of $250
  • No account fees
  • Commission of 2% on profits, not all trades
  • Supports debit and credit cards, e-wallets, and bank transfers
  • Withdraw your money at any time
  • Claims 99.4% robot trading accuracy

Cons

  • No way to verify Bitcoin Digital’s claims
  • Does not offer the identity of your broker
  • No contact information until you register

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.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

Frequently Asked Questions on Bitcoin Digital

Does Bitcoin Digital have a mobile app?

What is the minimum deposit at Bitcoin Digital?

How much does Bitcoin Digital cost?

Is Bitcoin Digital regulated?

What payment methods does Bitcoin Digital support?

Michael Graw author check sign Pro Investor

Michael Graw is a freelance journalist based in Bellingham, Washington. He covers finance, trading, and technology. His work has been published on numerous high-profile websites that cover the intersection of markets, global news, and emerging tech. In addition to covering financial markets, Michael’s work focuses on science, the environment, and global change. He holds a Ph.D. in Oceanography from Oregon State University and worked with environmental non-profits across the US to bridge the gap between scientific research and coastal communities. Michael’s science journalism has been featured in high-profile online publications such as Salon and Pacific Standardas well as numerous print magazines over the course of his six-year career as a writer. He has also won accolades as a photographer and videographer for his work covering communities on both coasts of the US. Other publications Michael has written for include TechRadar, Tom’s Guide, StockApps, and LearnBonds.

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