In recent years, cryptocurrency trading bots have grown in popularity. The automation features of trading bots will appeal to traders trying to reduce their effort.
One well-known brand at the moment is Bitcoin Motion. However, it’s crucial to understand how the auto trading robot software functions before using any bot.
This Bitcoin Motion review tells you everything you need to know about the bot, including what it is, how it allegedly functions, and whether you should give it any thought.
What Is Bitcoin Motion?
An automated bitcoin trading bot is called Bitcoin Motion. The robot allegedly uses top-notch algorithms to watch the market and look for buy and sell chances for traders who want to optimize their profits.
Bitcoin Motion combines machine learning algorithms and artificial intelligence (AI) trading to identify profitable trading opportunities and act even while you are not in front of your computer.
The setup, in the developers’ opinion, is crucial. The bot takes care of the rest for you after you’ve established your desired trading parameters. They assert that this Bitcoin robot can assist even novice traders in profiting from the market.
One advantage of Bitcoin Motion is that the bot carries out various trading techniques on the part of investors. According to the bot, its users won’t miss a chance to earn from the market through everything from scalping to short selling.
Bitcoin Motion asserts that it is appropriate for all types of investors thanks to constant market access and an easy-to-use interface. Numerous internet reviews that we read praised Bitcoin Motion for being trustworthy.
None of these could be verified by us. To be cautious when using auto trading programmes like the Bitcoin Motion Bot, traders must keep in mind that the cryptocurrency market is quite volatile.
Nevertheless, if the company’s assertions are accurate, utilizing Bitcoin Motion would be advantageous due to the app’s automation. You can alter it to fit your preferences and trading style without having to do the labor-intensive lifting. The bots’ creators also assert that it has a 925 success rate, which is comparable to the market for cryptocurrency trading bots.
The Function of Bitcoin Motion
This bot uses machine learning and artificial intelligence to function, as was previously mentioned in this Bitcoin Motion review. The platform asserts that these technologies are to blame for their remarkable success rate and market timing skills.
Interestingly, Bitcoin Motion trades bitcoin contracts for difference to operate (CFDs). Contracts for difference are agreements that grant you the option to purchase or sell Bitcoin at a later date.
You finally receive the difference between the amount of your stake and the price of Bitcoin at the time. Therefore, you aren’t actually trading cryptocurrency when using the Bitcoin Motion robot. You’re trading using CFDs instead.
Bitcoin Motion links with a network of brokers to trade these CFDs.
The Bitcoin Motion robot scans the market, examines enormous data sets, and identifies potential position entries by utilising machine learning and other sophisticated mathematical algorithms.
The bot asserts that it achieves a greater accuracy rate because it doesn’t trade cryptocurrencies based on human emotions. Additionally, it says it can forecast changes in coin prices in real-time, giving you the best chance to profit.
With its customization and automation, Bitcoin Motion claims that its tool enables even novice investors to earn from the market. Set the parameters and enter your initial €250 deposit; the bot will take care of the rest.
It is crucial to remember that trading cryptocurrency can be dangerous, especially when done with machines. Therefore, invest in little increments to minimize your risk.
Key Features of Bitcoin Motion
We’ll go over what Bitcoin Motion has to offer you and how they can enhance your trading experience in the paragraphs that follow.
The demo account is one of the most crucial components of the Bitcoin Motion robot. Both novice and experienced investors can test their methods and fine-tune their parameters using the demo account. Access to the functions and operation of the robot is provided in this part.
A bot with a lot of customizability is Bitcoin Motion. This might be considered one of its benefits. Traders can test out various tactics with the demo account to see which one is most effective. Although a demo account is not required, we strongly advise that you use one.
Support for Multiple Currency
It’s a misconception to believe that this bot exclusively accepts Bitcoin. The website for Bitcoin Motion demonstrates that this bot enables trading in a number of other well-known crypto assets. Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC), Dash (DASH), XRP (XRP), ZCash (ZEC), Bitcoin Gold (BTG), Ethereum Classic (TC), IOTA (MIOTA), EOS (EOS), Cardano (ADA), and Binance Coin are some of them (BNB).
Bitcoin Motion makes it simple for you to diversify your portfolio and get the most out of your cryptocurrency investments by supporting a variety of currencies. Naturally, bear in mind how dangerous trading and investing in cryptocurrencies are. So use cautious and limit your trading to tiny sums of money.
According to the company, Bitcoin Motion’s trade execution procedure is similarly quick. According to Bitcoin Motion, the bot can identify a trade setup and open a position far more quickly than any human trader. The majority of trades on Bitcoin Motion are reportedly carried out in under one millisecond.
It’s crucial that Bitcoin Motion keeps you safe because it manages your money.
To safeguard your personal information, Bitcoin Motion claims to employ the best encryption technology. Additionally, the encryption makes sure that nobody can steal your money.
When you join up, Bitcoin Motion just collects your email address and phone number. However, keep in mind that risk is a part of any trading. Always take precautions to protect yourself, and make sure your positions are sized correctly to minimize your losses in the case of a market downturn.
In contrast to several other trading bots, Bitcoin Motion is quick to process withdrawals. The bot’s creators assert that withdrawals are handled almost immediately. This indicates that the platform will process your withdrawal without delay if your initial investment generates a profit of €1000. We did not test this feature, and we were unable to locate any unfavorable feedback from previous customers regarding withdrawal problems. Since many other bots typically take up to seven business days to execute withdrawals, Bitcoin Motion stands out thanks to its quick withdrawal features.
Additionally, it means that with Bitcoin Motion, you won’t have to worry about liquidity when the market is in a slump and you want to withdraw your money.
Is Bitcoin Motion A Scam?
Is Bitcoin Motion a fraud then? It seems sense that you might not want to entrust your money to trading bots. Many bots that promise to assist traders in making money in today’s market are actually bogus.
According to Bitcoin Motion’s website and online evaluations, it’s not collaborate with a network of brokers that manage the majority of trade execution and position sizing. The bot’s main responsibility is to make sure that you complete transactions with these brokers.
The effectiveness of the bot has also been mentioned in other Bitcoin Motion reviews. Nevertheless, keep in mind that trading cryptocurrencies carries some risk. Before making an investment, always conduct your own research (DYOR) on cryptocurrencies and the Bitcoin Motion trading robot.
Motion of Using Bitcoin
Here are the steps you may take if you wish to use the platform or do a Bitcoin Motion test:
Visit the home page of Bitcoin Motion. You may either select “Register” from the menu options or simply type your information into the dialogue box in the top right corner. Your name, email address, and phone number must be entered.
You will be promptly connected to one of its affiliate brokers using the Bitcoin Motion app. You will then be sent to your profile page.
A crucial aspect of your platform experience is the demo account. Although it is not necessary, it will help you comprehend the platform and how it functions better. You can try other trading techniques on the trial account as well, giving you more certainty when you place trades.
Submit a Deposit
The next step is to deposit your money. You can deposit with cards or bank transfers at Bitcoin Motion, but keep in mind that the minimum amount is $250. This ought to be more than adequate for traders on a tight budget.
You should be prepared to start trading for real once you’ve financed your account and gained experience with the demo account. Simply alter your trading bot to your liking, configure your risk management tools, and let the bot trade on your behalf.
A straightforward trading bot that can assist you in making money in the market appears to be Bitcoin Motion. The service’s developers assert that it has a backtested success record of 92 percent and have praised its efficiency and security.
Legitimacy of Bitcoin Motion We are unable to provide a conclusive response. However, the bot seems to have the characteristics of a reliable platform.
However, given how unpredictable the cryptocurrency market is, we advise you to only trade with capital you’re prepared to lose. Use your stop loss and take profit orders wisely when trading as well. Avoid becoming overly greedy, start modest, and early on, conduct a test withdrawal.