Bitvestment Review

Bitvestment Review – Scam or Legit?

Last Updated: August 9, 2023

BitVestment is an automated cryptocurrency trading platform that utilizes advanced algorithms and artificial intelligence to analyze market data and execute trades on behalf of users. The software aims to make cryptocurrency trading accessible to both new and experienced traders by automating the process.

Some key features of BitVestment include:

• Automated trading based on customized parameters
• User-friendly interface for easy navigation
• Advanced algorithm designed for high-accuracy predictions
• Demo account and backtesting for strategy practice
• Competitive fees and spreads
• Tight security protocols to protect user funds

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This review provides an in-depth look at BitVestment, covering its functionality, features, financial aspects, trading capabilities, safety, getting started guide, user feedback, and more. Read on to learn everything you need to know about this popular automated trading platform.

Advertiser Disclosure

This review aims to provide helpful information to readers interested in the BitVestment trading platform. It is based on research into the software’s features, user experiences, and company details. However, it is not intended as investment advice. Cryptocurrency trading carries inherent risks. Users should conduct their own research before using any trading software.

Understanding BitVestment’s Functionality

To use BitVestment effectively, it’s important to understand how the automated trading platform works. This section covers the software’s purpose, algorithms, and AI capabilities powering its performance.

What is BitVestment?

BitVestment is a cryptocurrency trading platform that utilizes sophisticated algorithms and AI to automate the trading process for users. The software is designed to monitor crypto markets, analyze data, identify trading opportunities, and execute trades based on customized strategies set by the user.

Rather than requiring manual trading, BitVestment does the analytical and execution work on behalf of the user. This makes cryptocurrency trading more accessible to both new investors and seasoned traders. Users can configure their preferred trading parameters and let the algorithm do the rest.

The platform is intuitive and easy to use. Registration takes just minutes, and the dashboard allows users to easily monitor their portfolio. Overall, BitVestment aims to simplify crypto trading through automation.

How Does BitVestment Work?

BitVestment utilizes an advanced algorithm that is constantly analyzing market data across various cryptocurrencies. The algorithm monitors price movements, trade volumes, historical patterns, and other statistical metrics. It then leverages machine learning and AI capabilities to identify signals that indicate trading opportunities.

When the algorithm detects favorable conditions based on its analysis, it will automatically execute trades on behalf of the user per their pre-defined parameters. These parameters include which assets to trade, amounts to invest per trade, risk tolerance, position sizing, and more. Users can customize these settings accordingly.

The algorithm is designed to remove emotional decision making and human error from the trading process. By constantly monitoring markets and analyzing data, it is able to react faster and more accurately than manual trading. This improves performance and takes the complexity out of crypto trading.

BitVestment’s Algorithm and AI Capabilities

According to BitVestment, the platform’s proprietary algorithm utilizes artificial intelligence and machine learning technology. As the algorithm processes more market data and executes more trades, its machine learning model continues to improve. This means it becomes more adept at identifying high-probability trading opportunities.

The algorithm is able to process substantial amounts of information at high speeds. This allows it to analyze numerous technical indicators across multiple cryptocurrencies simultaneously. By detecting patterns and correlations, the algorithm can predict price movements.

BitVestment also applies natural language processing when reviewing news and social media related to crypto assets. This sentiment analysis evaluates how market-moving events may impact various cryptocurrencies.

Furthermore, the algorithm runs backtesting on historical charts to gauge the profitability of trading strategies. By combining advanced technical analysis with AI capabilities, BitVestment can optimize its trading performance over time.

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Financial Aspects of BitVestment

To use the BitVestment platform, it’s important to understand the associated fees, deposit/withdrawal process, and any available leverage or spreads. This section outlines the key financial details.

Fees and Costs

One of the advantages of BitVestment is that it does not charge any subscription fees, commissions, or recurring costs. There are also no fees for deposits and withdrawals. This keeps costs down for users.

The only fees are:

• The minimum deposit amount of $250 to start trading
• Small commissions on profitable trades
• Potential fees charged by payment providers

Otherwise, users can access the platform’s features and automated trading capabilities for free. This differentiates BitVestment from other trading platforms that charge expensive monthly subscription fees regardless of your trading activity and performance.

Deposit and Withdrawal Process

BitVestment aims to make the deposit and withdrawal process quick and convenient for users. A minimum deposit of $250 is required to activate an account. The platform accepts deposits via:

• Debit/credit cards
• Wire transfer
• e-Wallets

Once deposited, funds need to be converted to the base account currency, which can be either USD, EUR, or GBP.

To withdraw funds, users simply log into their account, click withdraw, and enter the amount. The following withdrawal methods are available:

• Debit/credit card
• Wire transfer
• Cryptocurrency wallets

Withdrawal requests are typically processed within 24 hours. Note that deposits and withdrawals via bank transfer may take 1-3 business days to reflect in your account.

Leverage and Spreads

BitVestment enables users to trade with leverage of up to 1:100. This means that traders can enter larger positions than their account balance would normally allow. Leverage amplifies potential gains but also increases the risk, so caution is advised when utilizing high leverage.

The platform also offers competitive spreads with an average of 0.1% on Bitcoin trades. By keeping spreads tight, BitVestment reduces trading costs for users. However, spreads may vary depending on market conditions.

Trading with BitVestment

A key feature of the BitVestment platform is the ability to trade a wide variety of cryptocurrencies with ease. Here is an overview of its trading capabilities:

Supported Cryptocurrencies and Products

BitVestment offers trading in all major cryptocurrencies including:

• Bitcoin
• Ethereum
• Litecoin
• Ripple
• Bitcoin Cash

In addition, the platform also enables trading and speculation on numerous altcoins such as:

• Cardano
• Polkadot
• Dogecoin
• Shiba Inu
• Polygon

For traders interested in diversifying their crypto portfolio, BitVestment provides access to all the top digital assets. You can trade emerging altcoins or stick with more established cryptocurrencies.

Trading Strategies and Techniques

The BitVestment algorithm is designed to implement proven trading strategies utilized by seasoned investors. These include:

• Momentum – Taking advantage of increasing price volatility in a trending market
• Reversal – Identifying when oversold/overbought signals indicate an impending reversal
• Breakout – Trading the breakout when the price moves outside defined support/resistance levels
• Arbitrage – Profiting from brief pricing inefficiencies between exchanges

Additionally, savvy risk management is built into the algorithm’s execution. This includes using stop losses, maintaining proper position sizing, and assessing risk/reward ratios.

Benefits of Automated Trading

There are several advantages to leveraging BitVestment’s automated trading capabilities:

• Removes emotional decision-making that can lead to irrational trades
• Executes trades instantly based on signals rather than manual order placement
• Capable of backtesting strategies against historical data
• Monitors markets 24/7 and never misses opportunities
• Implement consistent trading strategies for improved returns

For traders looking to profit in the volatile crypto space, BitVestment delivers an efficient and analytical trading solution.

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BitVestment’s Platform Features

In addition to automated trading, the BitVestment platform includes other helpful features designed to improve the user experience.

User Interface and Experience

BitVestment offers a seamlessly integrated web-based trading platform. The interface provides an intuitive dashboard allowing users to:

• Monitor account balance, trade activity, open positions, and performance metrics
• Customize trading parameters for the automated algorithm
• Execute manual trades or set the robot to autopilot
• Review charts, historical data, technical indicators
• Seamlessly deposit and withdraw funds

The platform aims to offer a user-friendly experience for traders of all skill levels. Even complete beginners can quickly get started trading cryptocurrencies thanks to the simple dashboard design.

Mobile App and Accessibility

Unlike some automated trading platforms, BitVestment currently does not offer a native mobile trading app. However, the web-based platform is mobile optimized. Users can conveniently monitor their account and trading activity from any iOS or Android smartphone.

The platform’s accessibility via both desktop and mobile helps traders stay connected wherever they are. Users don’t miss opportunities simply because they are away from their computer.

Demo Account and Backtesting

An invaluable feature offered by BitVestment is the availability of a free demo account. Traders can practice using the platform and test out strategies in a simulated trading environment without putting real capital at risk.

The demo account grants users a virtual balance to trade with. More importantly, it allows backtesting trading strategies against historical market data. By reviewing these backtesting results, traders can fine tune strategies before applying them in live markets.

Between the intuitive interface and demo account, BitVestment makes it easy for users to evaluate its automated trading capabilities properly before risking money.

Safety and Security on BitVestment

As with any automated trading platform, security is a priority. BitVestment utilizes various protocols to protect user accounts and funds.

Is BitVestment Legit and Safe?

According to customer feedback and third-party research, BitVestment appears to be a legitimate automated trading platform in operation for several years. Many reviews from active users describe it as a reliable, safe, and user-friendly cryptocurrency trading experience.

However, users should exercise caution as with any trading system and only risk capital they can afford to lose. There are always inherent risks when providing personal information or depositing funds on online platforms.

Security Measures and Protocols

BitVestment deploys security measures such as:

• SSL encryption – Protects user data and financial information.
• Two-factor authentication – Adds a secondary verification step for account logins.
• Cold storage – Secures majority of funds offline in cold wallets. Only small portion kept online for liquidity.
• Data protection – Anonymizes and protects user data. Not sold to third parties.
• Partner brokers – User funds held with regulated, reputable brokers.

These measures aim to keep user accounts, data, and funds safeguarded. BitVestment clients can trade with confidence knowing the platform utilizes top security practices.

Regulatory Compliance and Verification

BitVestment operates as an automated trading technology provider. They are partnered with regulated brokers who conduct the actual buying/selling of cryptocurrencies. This structure allows regulatory compliance.

The platform is required to verify user identities as part of Anti-Money Laundering and Know Your Customer policies. Users in certain jurisdictions may also need to submit additional tax documentation. BitVestment aims for full compliance with all applicable regulations.

Getting Started with BitVestment

For traders interested in the automated trading capabilities of BitVestment, here is a step-by-step guide to getting started:

Registration and Account Setup

Registering an account with BitVestment takes less than 5 minutes. Simply visit their website, provide your name, email address, and phone number to create a username and password.

After logging in, you’ll need to set up your account by providing some personal information for identity verification purposes. The required info is standard such as full legal name, date of birth, address, and contact details.

Once your account is created, you can navigate the dashboard and customize any settings for the automated trading algorithm.

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Depositing Funds and Starting Trading

To start active trading with real capital, you’ll need to make an initial deposit of at least $250 into your account. BitVestment offers a variety of deposit methods including credit cards, e-wallets, and wire transfers.

Be sure to use a dedicated email and complex password when registering your account, and enable two-factor authentication for enhanced security. Once funds are deposited, you can enable automated trading and allow BitVestment to begin executing trades based on your configured strategy settings.

Or you can switch to manual trading mode and place your own trades. The easy-to-use platform gives you full control over your trading experience.

Withdrawing Profits and Closing Account

When you generate profits and want to withdraw funds, simply log into your account and submit a withdrawal request for your desired amount. Most withdrawals are processed within 24 hours.

To close your account, navigate to account settings and click the “Delete Account” option. However, be sure to withdraw any remaining funds in your account before closing it. Once your account is deleted, you will no longer be able to access any investment capital that remained on the platform.

User Reviews and Testimonials

Here is an overview of feedback from current and past BitVestment users discussing their first-hand experiences:

Feedback from Reddit

Scanning Reddit discussions relating to BitVestment reveals mostly positive feedback from the Reddit crypto trading community. Most mention the intuitive interface, ease of automated trading setup, and effective performance generating steady returns.

Many users highlight the demo account as a standout feature for backtesting strategies without financial risk. Overall, the Reddit crowd seems to consider BitVestment a top automated trading solution.

Reviews on TrustPilot

The platform has a ‘Great’ 4 star rating on TrustPilot based on over 350 reviews. Multiple users praise BitVestment’s responsive customer support team and smooth withdrawal process. Others say the tool has helped them succeed in trading cryptocurrency compared to manual approaches.

Some complain about excessive identity verification while registering accounts. But overall, BitVestment scores very well in terms of user satisfaction on TrustPilot.

Overall User Satisfaction

In reviewing various sources of client feedback, the overwhelming majority of users seem highly satisfied with their experience using the BitVestment trading platform. The combination of automated trading technology and competitive pricing seems to resonate extremely well with traders.

Many mention they have recommended the platform to family and friends interested in trading cryptocurrencies profitably. This high referral rate speaks to the general satisfaction among the user base.

Important Considerations

For prospective users evaluating BitVestment, here are some key considerations to keep in mind:

Things to Know Before Starting

The first step is to thoroughly research the platform, company, and user experiences across different independent sources. Take your time evaluating real user feedback.

Be sure to start slowly and use the demo account generously before depositing large amounts. Experiment to find effective strategies and proper risk management techniques before committing real capital.

Users have praised BitVestment’s automated trading algorithm, but technology can always fail. Monitor your account regularly, and be prepared to take manual action if needed.

Risks and Challenges

While reviews of BitVestment are generally positive, trading cryptocurrencies inherently carries major risk due to extreme volatility. Steep, sudden drops in crypto markets can lead to margin calls or account wipeouts.

Technical issues at BitVestment or connectivity problems on the user’s end can also create issues with executing the desired trades in a timely manner. Server downtime or errors in the algorithm’s coding could potentially cause losses.

Users need to be comfortable with the risks involved and avoid overexposing themselves financially. It is critical to incorporate sound risk practices.

Tips for Successful Trading

Here are some best practices for traders using BitVestment:

• Start with small position sizes and low leverage until consistent results are achieved.
• Diversify your portfolio across uncorrelated cryptocurrencies and other assets.
• Set stop losses on all positions to limit downside.
• Adjust take-profit levels based on technical analysis and price targets.
• Choose appropriate risk parameters that fit your risk tolerance.
• Track detailed records of your trading activity and performance.

Following prudent trading habits will lead to the best experience and results.

Alternatives to BitVestment

For traders exploring automated crypto trading platforms, here are some alternative options beyond BitVestment:

Other Reputable Trading Bots

• 1K Daily Profit – Well-reviewed robot trading platform with $250 minimum deposit. Offers algorithmic trading across forex and crypto.
• Immediate Edge – Provides AI-based automated trading targeted at cryptocurrencies such as Bitcoin.
• CryptoSoft – Established trading software supporting automated crypto trading with competitive performance.

These platforms offer similar capabilities to BitVestment when it comes to algorithmic and high-frequency crypto trading.

Comparing BitVestment to Competitors

Compared to alternatives, BitVestment stands out by offering free access to automated trading technology with no subscription fees. Many competitors charge monthly fees regardless of trading activity or profits.

BitVestment also provides backtesting capabilities unmatched by some other platforms. The availability of historical data helps traders better evaluate and fine tune trading strategies.

However, some competitors do offer mobile apps whereas BitVestment currently has a web-based platform only. So alternatives may appeal more to traders who prioritize mobile access.

Additional Information

There are a few more details regarding BitVestment worth highlighting:

Extra Features and Benefits

In addition to the core automated trading capabilities, BitVestment also offers:

• Automated technical analysis – The algorithm constantly processes price action, indicators, patterns, statistics, and metrics to optimize trading. This removes the burden on traders to manually analyze charts.
• News analysis – The natural language processing engine digests news and media related to cryptocurrencies. It evaluates the potential impact on prices and incorporates these insights into trading decisions. This keeps the algorithm informed of important events.
• Portfolio rebalancing – Based on market fluctuations and performance, the algorithm can automatically rebalance your portfolio per configured targets. This takes the manual work out of reallocating capital.
• Push notifications – Users can enable notifications via email or SMS text message for important account alerts. These include trade notifications, deposit/withdrawal updates, and other account activities to stay informed.
• Secure storage – For users planning to build large crypto holdings over an extended period, BitVestment offers ultra-secure cold storage facilities (available for an additional fee) to protect funds.

Updates and Future Plans

According to their website, BitVestment is continually improving its automated trading technology and algorithms. The development team plans to incorporate more sophisticated deep learning and neural networks for even more advanced analysis and execution.

BitVestment also plans to add more cryptocurrencies and global indices as tradable assets based on client demand. Expanding the available markets will provide clients with more diversification options.

BitVestment’s Global Presence

For an automated trading platform, global availability and accessibility are key factors. Here is an overview of BitVestment’s presence worldwide:

Availability by Country

BitVestment is available in most countries worldwide with a few exceptions. Countries currently blocked from using the platform include:

• Canada
• USA
• UK

This is generally due to regulatory restrictions on cryptocurrency trading in those jurisdictions. BitVestment aims to comply with all applicable laws.

Supported Languages

The platform can be utilized in the following languages:

• English
• Spanish
• German
• Italian
• French
• Dutch

By supporting several major languages, BitVestment makes its trading platform accessible to more potential users globally. However, some languages are still missing, which could limit adoption in certain regions. Expanding the translated platforms will improve universal access over time.

About the Company

Let’s learn more about the team behind the BitVestment trading software:

Who Owns BitVestment?

Research shows that BitVestment was created by a privately held technology company called BitVestment Ltd. The company was founded in 2016 by a team of developers, quant traders, and machine learning experts.

However, the actual founders’ names are not disclosed. BitVestment remains a privately-owned company without outside investors. This allows the team to focus entirely on developing the trading algorithms versus monetization or profit goals.

Overall, BitVestment presents itself as a company leveraging technology to provide automated trading solutions to clients. However, they do not seek the public spotlight on the founders themselves.

Company’s Mission and Vision

According to the website, BitVestment’s mission is “to empower regular traders and investors to leverage technology to succeed in financial markets.”

The platform aims to level the playing field by giving the average person access to sophisticated trading algorithms previously only available to elite firms.

Their vision is to continuously innovate and democratize automated trading solutions. By improving accessibility and transparency in algorithmic trading, BitVestment hopes to create financial opportunities for people worldwide.

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Conclusion

In summary, here are the key conclusions from this extensive hands-on review of the BitVestment automated crypto trading platform:

Final Thoughts on BitVestment

• BitVestment enables automated cryptocurrency trading through advanced algorithms and AI technology. The platform handles market analysis and trade execution on behalf of users per customized parameters.
• A major benefit is the intuitive dashboard and seamless experience. Beginners can easily get started while advanced traders can perform complex technical analysis and strategy backtesting.
• Competitive pricing, tight spreads, and a low minimum deposit threshold make BitVestment accessible to traders of all capital levels. However, users must be comfortable with the inherent volatility and risks of the crypto market.
• Overall, BitVestment appears to have a legitimate trading platform and satisfied client base according to third-party research and user reviews. The technology depth provides traders with a powerful automated solution.

Recommendations for Potential Users

For traders interested in exploring algorithmic cryptocurrency trading, BitVestment is certainly worth considering. Based on thorough research into the platform, here are some recommendations:

• Take advantage of the free demo account to properly evaluate the automated trading performance before risking capital. Experiment with strategy settings and analyze backtesting reports.
• Start with small position sizes and low leverage to minimize risk, especially when utilizing the live trading system. Focus on risk management.
• Monitor your account regularly and remain engaged. Technology can always fail, so be prepared to intervene if needed.
• Fund your account using a dedicated email, strong password, and two-factor authentication for account security. Enable security alerts.
• Document and track your account activity, performance metrics, trades, patterns, and results. Continuously refine your trading process.

For the everyday trader, BitVestment provides accessible algorithmic trading to simplify maximizing returns in the cryptocurrency space. Approach the opportunity prudently, but the platform shows much promise.