Introduction
Bitcoin Trader is a tool that can be used for automated trading on the Bitcoin market. This is a protocol for exchanging fiat currency to cryptocurrency and vice versa on the market without ever dealing with the “real” currency (on the market it is referred to as a “digital” currency). Theoretically, it can be used for cross-currency trading that has proven to be profitable in the past. This platform provides users with a web browser-based interface that enables them to execute orders and to monitor the status of their operations. All operations are conducted with the help of a user-friendly interface that is easy to use and enables them to get in touch with Bitcoin Trader in real time.
The Bitcoin Trader Software
Bitcoin Trader was created by Yulia Tyurina in 2014. It comes with many convenient features, including “functionality for smooth conversions between fiat money, Bitcoin, and other major cryptocurrencies, as well as instantaneous and low trading fees.” The “fastest and most effective exchange service for Bitcoin,” the platform is easy to use and offers access to some of the best trading advice available on the Internet. The Bitcoin Trader platform is therefore particularly popular with traders in Russia and other Russian-speaking regions.
Bitcoin Trader’s online dashboard
The interface of the Bitcoin Trader software itself looks quite simple. In addition to the “direct” or “active” menu where the user can select an order to execute, there are several “nearest” menus to consider.
The Bitcoin Trader System
On the first page of the Bitcoin Trader website you are presented with the option to enter a region of the world and you are then presented with a series of servers from which to choose. Each of these servers is equipped with a client that will connect to the Bitcoin Trader platform. There is an information page that helps explain the process for setting up the bitcoin deposit and withdrawal functionality for the program. You will also need to add an account in order to complete the process, but this step is actually quite easy.
After clicking on the “Get started” button, you will be presented with the details of your bitcoin deposit and withdrawal options, which are as follows:
“Yes” – Allow your account to be used to access and manage the bitcoin markets.
Is Bitcoin Trader a Scam?
Bitcoin Trader claims that the website offers “full access to a virtually unlimited supply of Bitcoins.” The company claims that “tens of millions of dollars” are to be made through the trading of Bitcoins, and that “not a single trader can ever become bankrupt”. These are fairly concerning claims, especially in a highly regulated sector of finance.
Is Bitcoin Trader an Absolute Scam?
In order to determine if Bitcoin Trader is scam, it is necessary to first determine whether the service is a scam or a legitimate trading service. In the case of Bitcoin Trader, the answer is quite clear.
Bitcoin Trader’s business model is illegal in the United States. As a result, the company is not currently registered to operate as a registered financial services company.
The Verdict
Bitcoin Trader is a reputable and well-established company that may be providing a legitimate service, but the company is not completely without fault and misleading advertising is one of the most common examples of this. Some of the claims made by the company about the scale of the profits that can be made through the use of the Bitcoin Trader platform are exaggerated. A potential investor may be attracted to these impressive sounding statements and use them as an excuse to invest in Bitcoin Trader’s software, but it is important to make sure that the numbers make sense.
Small claims towards large profits are certainly not unusual in this industry.