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 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.
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.’
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.
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 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:
- 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?’
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.
