Bitcoin Motion is a popular Crypto trading platform that allows you to invest in cryptocurrencies passively.
In this Bitcoin Motion review, we cover everything there is to know about this robot trading platform to see whether or not it is legit or a scam.
Bitcoin Motion Summary
If you’re looking for a quick overview of our Bitcoin Motion review findings, check. out the summarized table below.
|Supported Cryptocurrencies||BTC, DOT, ETH, USDC|
What is Bitcoin Motion?
In its most basic form, Bitcoin Motion is an online platform that offers passive investment services. This is because the provider allows you to invest in cryptocurrencies without needing to place any buy or sell orders. Instead, once you have made an initial investment – which starts at a minimum of just €250, you can trade autonomously.
This could suit casual investors that wish to gain exposure to digital assets like Bitcoin, Ethereum, and Dogecoin without having the required experience. Additionally, even those that have a firm grasp of how cryptocurrency trading works might find the Bitcoin Motion software of interest, as the platform offers a passive investment experience for time-starved individuals. In terms of how the software works, our Bitcoin Motion review found that everything is facilitated behind the scenes. By this, we mean that you are not required to download or install any software to your desktop computer or laptop. On the contrary, the you can begin trading as soon as you activate it via your Bitcoin Motion account.
How Does Bitcoin Motion Work?
If you’re completely new to cryptocurrency trading software platforms, in this section of our Bitcoin Motion review we will explain how the provider works.
Step 1: Open Account
To start trading with this provider, you will first need to open an account with Bitcoin Motion. Our review found that the registration process takes no more than a couple of minutes to complete.
In terms of the required details, this will cover your first and last name, email address, and mobile phone number. Then, click on the ‘Register Now’ button to proceed to the next step.
Step 2: Brokerage Site Sign-Up
It is important to note that Bitcoin Motion is not an online broker or trading platform. Instead, the provider specializes in connecting with with a trading platform.
And as such, you will need to have an account with an online broker that can facilitate the buy and sell positions that the robot places on your behalf.
- The good news is that Bitcoin Motion claims to have partnered with several reputable trading sites that offer low fees and a sufficient number of cryptocurrency pairs.
- And, most importantly, its partnered brokers are fully compatible with the Bitcoin Motion software.
- So, once you have opened an account and verified your email address, Bitcoin Motion will then redirect you to the sign-up page for the broker that you have been partnered with.
- The specific broker will largely depend on where you are located.
Our Bitcoin Motion review found that you will need to enter your personal information – such as your home address and date of birth. Furthermore, as Bitcoin Motion claims that you will be using a regulated broker, you will need to upload a copy of your ID – as per anti-money laundering regulations.
Step 3: Choose Investment Amount
At this stage of our walkthrough, you will now have an account with Bitcoin Motion and a partnered brokerage site. The next step is to decide how much money you wish to invest. Our Bitcoin Motion review found that the minimum amount that you can invest as a new customer is €250.
In terms of the payment itself, this will be processed by the regulated broker that you opened an account with in Step 2. In the vast majority of cases, the brokers that Bitcoin Motion partners you with will support debit and credit cards, bank wires, and e-wallets.
Just make sure that you have a firm understanding of the risks before you proceed and never invest more than you can afford to lose.
Benefits of Bitcoin Motion
For more information on the best Bitcoin robots that you can access right now, be sure to also read our in-depth guide. Our Bitcoin Motion review found that the platform offers the following benefits:
Unlike the traditional stock market, cryptocurrency trading occurs on a 24/7 basis. Of course, even the most seasoned of traders would not be able to place orders around the clock.
But, when using Bitcoin Motion, all positions are placed manually.
Small Minimum Deposit
Another benefit that our Bitcoin Motion review discovered is that the minimum first-time deposit is set at a reasonable €250. This means that you have the chance to give Bitcoin Motion a go without risking a large amount of money.
You should, however, remember that there is no guarantee that you will make a profit – so be sure to consider the risk of loss before proceeding.
Our Bitcoin Motion review found that the platform offers a demo account facility. This is very useful, as you have the opportunity to test the robot out with paper trading funds before risking any money.
For example, if you find that the Bitcoin Motion software is not performing as well as you had hoped, you can then try adjusting the settings to see if something needs tweaking. To assess this, you can again run the robot software in demo mode.
Drawbacks of Bitcoin Motion
Our Bitcoin Motion review found that the platform comes with the following drawbacks:
Bitcoin Motion is involved in a trading arena that is both speculative and volatile. And as such, there is a good chance that you will see the value of your investment go up and down at a much faster rate than you would experience if you were to buy blue-chip stocks.
Risk of Loss
Put simply, if you choose to invest in Bitcoin Motion, there is no way of knowing whether or not you will make a profit. This sentiment is no different from investing in any other asset – as you are often at the mercy of the markets.
For example, when Bitcoin is performing well – this typically results in other cryptocurrencies experiencing an upward trajectory. But, when the opposite happens, the broader cryptocurrency markets will also be dragged down.
Bitcoin Motion Fees
Unlike other cryptocurrency robots in the market, our Bitcoin Motion review found that the provider does not charge any fees to sign up. You will not be required to pay any fees to gain access to the robot either.
On the contrary, the robot will start trading on your behalf as soon as you have completed the registration process and met the minimum deposit threshold.
However, our Bitcoin Motion review found that the platform does take a commission on profitable trades. In many ways, this operates like a traditional hedge fund – whereby the institution would take a cut of any net profits generated.
Our Bitcoin Motion review found that this commission enables the platform to engage in regular maintenance of the robot software to ensure it can continuously outperform the market.
Bitcoin Motion Minimum Deposit
As noted earlier in our Bitcoin Motion review, the minimum deposit to get started with this software provider is €250.
Bitcoin Motion Celebrity Endorsements
Bitcoin Motion has become super-popular over the prior 12 months or so – which is fully in line with the performance of the wider cryptocurrency markets.
However, our Bitcoin Motion review found that there are discussions in the public domain about certain celebrity endorsements that many users were unable to verify.
Here’s what we found:
- Bitcoin Motion Dragons Den: Our research found that there is a scam website claiming to be associated with Bitcoin Motion and the UK TV show the Dragons Den. However, the official Bitcoin Motion website has no affiliation with the scam.
- Bitcoin Motion Deborah Meaden: Deborah Meaden was also caught up in the above scam that falsely promoted the Dragons Den as being affiliated with Bitcoin Motion.
- Bitcoin Motion This Morning: Popular British TV show This Morning was also at the forefront of rumours linked to Bitcoin Motion. However, once again, we can confirm that websites making such claims are a scam.
- Bitcoin Motion Holly Willoughby: British celebrity Holly Willoughby has no affiliation with the Bitcoin Motion robot.
- Bitcoin Motion Martin Lewis: And finally, Money Saving Expert – Martin Lewis, has not in any way, shape, or form endorsed Bitcoin Motion.
As you can see from the above, there have been a plethora of so-called celebrity endorsements for Bitcoin Motion – all of which turned out to be false. However, the team at Bitcoin Motion claims that it was not behind any of these rumours.
Instead, the platform claims that they were facilitated by websites imitating the Bitcoin Motion brand.
Bitcoin Motion App
Perhaps one of the biggest disappointments that our Bitcoin Motion review found is that the platform does not offer a mobile app. You can, however, access your Bitcoin Motion UK account via your mobile web browser.
And as such, this will allow you to keep tabs on how the Bitcoin Motion software is performing in the market – no matter where you are.
Bitcoin Motion Scam
You will find several websites that claim that Bitcoin Motion is a scam. From our research, it appears that the Bitcoin Motion platform is very upfront about what it offers.
Most importantly, no guarantees of profit are made – and the potential risk of loss is made very clear. With this in mind, it is important that you do your own research and never invest more than you can afford to lose.
Bitcoin Motion Review: The Verdict?
In summary, our Bitcoin Motion review found that the platform allows you to trade digital currencies like Bitcoin, Ethereum, and Polkadot. This could appeal to those with little to no experience in the crypto-asset industry – or those that don’t have the time to research the markets.
To get started with the Bitcoin Motion software, it’s simply just a case of registering an account and meeting the minimum deposit threshold of €250. Most importantly, if you do decide to proceed with an investment in Bitcoin Motion – it is fundamental that you consider the risks and that you should never invest more than you can realistically afford to lose.