In recent years, a steadily growing number of professional traders and private investors have entered cryptocurrencies. Despite occasional slumps, Bitcoin and Co. continue to promise big profits. Especially in times of low interest rates and turbulence on the stock markets, digital currencies offer attractive investment opportunities.
Because private investors often have neither the necessary knowledge nor the time to get the most out of their investments on the global crypto exchanges, so-called crypto bots are all the rage. The programmes are supposed to help their users to make rich profits without having to invest an excessive amount of time.
One of the most prominent crypto-bots is Bitcoin Up. In the following report, you can find out what the software is all about and whether it actually delivers what it promises.
### Logo ###
What does Bitcoin Up do?
Bitcoin Up is a crypto bot. It is a programme that makes independent decisions on the cryptocurrency market based on algorithms and calculations. It uses the money that has been made available to it by its user.
The bot observes the market situation without interruption and waits for the price development to offer a favourable opportunity to buy cryptocurrencies. If the programme comes to the conclusion that the price has reached its peak based on the key figures, it sells again. The profit is therefore the difference between buying and selling.
Features & Functionality
### Key figures ###
How is Bitcoin Up used?
Bitcoin Up relieves investors of the time-consuming work of observing the market and constantly analysing price developments. Because the programme works around the clock, it is not necessary to sit in front of the screen all the time. Bitcoin Up is controlled by a series of settings. With these, the user can determine to a certain extent how the bot should behave and what risk it may take in its trades.
Otherwise, Bitcoin Up acts completely independently. From time to time, investors should check to see how the market situation has changed. If necessary, the settings of the programme can be changed at any time in order to adapt the strategy of the bot to the respective situation. Usually 30 minutes a day is sufficient for this.
### 3 steps ###
Is Bitcoin Up reputable?
The Bitcoin Up homepage and trading platform are free of viruses and other malware. The advertising for Bitcoin and trading bots can sometimes be quite striking. However, exaggerations are an integral part of advertising in all areas. What really matters is the functionality of the programme and the secure payout of profits.
Bitcoin Up can convince on both points. Because the bot makes all the important decisions on the market, even beginners can already make very convincing profits with the programme. It goes without saying that you won’t become a millionaire overnight. However, if you get involved with the programme and are willing to learn, you can quickly increase your financial reserves. Winnings are transferred to your account on time, so you don’t need to worry in this respect either.
What are the advantages and disadvantages of Bitcoin Up?
A big advantage of Bitcoin Up is that the programme can be used free of charge. Furthermore, the trading platform offers a so-called demo mode. This is a simulation that allows you to test all the functions of the bot without having to use real money on the real markets. The demo mode is particularly suitable for beginners and for testing new strategies.
Before using the programme, a minimum amount of EUR 250 must be deposited. This is the starting capital for later trades and not a fee. Because Bitcoin Up is web-based, no programme needs to be downloaded. There is also customer support.
The only real drawback is that it is not known who the founder of Bitcoin Up is.
Bitcoin Up is a powerful trading bot, which enables even beginners to generate convincing profits in a relatively short time. It outperforms many of its competitors in this respect. Overall, Bitcoin Up is to be recommended.