Here is the ultimate review of Bitcoin Compass? Is it safe to use Bitcoin Compass and what are the features? How to use it for Bitcoin trading? Get the answer in this blog.
Investors can profit from cryptocurrency trading without having to put any effort into it thanks to trade bots like Bitcoin Compass, which handles all of the grunt work.
With the help of the trading tool Bitcoin Compass, investors can profit from changes in the value of Bitcoin and other cryptocurrencies. Every trader’s worst nightmare is to lose money due to a fraudulent trading platform; in such a case, they could instantly lose all of their investment. Considering this, users should double-check a platform’s legitimacy before investing. With the help of Bitcoin Compass, you can immediately begin to profit.
In our review of Bitcoin Compass, we’ll examine the site’s key components to determine whether or not it’s a scam.
What is Bitcoin Compass?
An AI-powered trade bot can trade on a user’s behalf on the automated trading platform known as Bitcoin Compass. The bot might also have complete control over trading decisions. Or to put it another way, the program decides which trades to make money.
Despite the name of the platform, users are not required to trade Bitcoin. The service currently supports a number of cryptocurrencies, including Litecoin, Ethereum, and Ripple.
You can buy or sell any cryptocurrency once you’ve deposited funds. In this group, Bitcoin Compass is exceptional. It takes the following forms of payment:
• Credit / Debit cards: Visa, MasterCard, UnionPay
• Wire / Bank transfers
• Popular payment systems: PayPal, WebMoney
• Digital wallets: Skrill
Even more, ironically, you can pay with Bitcoin, which is a special way to make payments. To start trading, a deposit of at least 250 euros is needed.
Let’s discuss who and where can use Bitcoin Compass. Almost every nation in the world has access to trading platforms. Unfavorable news for Americans, however, is that due to CFD trading regulations, US traders are not currently accepted. But according to the website, things are about to change.
The auto trading bot is accessible to traders worldwide via a variety of devices. The platform only has a cloud-based app; neither a native app for mobile platforms nor a PC app is available. To ensure traders have a wonderful user experience, the web-based application is compatible with a number of devices.
How Does Bitcoin Compass Work?
This is one of the automated trading systems powered by AI that completes specific tasks. In our example, it decides which transactions a user will have it carry out. Decisions are based on information from the market.
In essence, the algorithm scans the crypto market for historical and real-time trading data before identifying profitable positions to enter. We define a profitable transaction as either buying a cryptocurrency at a discount and then selling it for a higher price, or selling a blockchain-based currency at a premium and then buying it back at a discount.
The auto-trading robot can carry out trades and profit from even the smallest market movements for up to eight hours without any human involvement. It implies that you can relax while an AI-based system looks for lucrative deals and increases a trader’s profits. Both amateurs and professionals can intervene and even manually set some aspects of the process if they want more control.
It is important to note that the trading bot does not complete the transaction. Simply by determining which one satisfies the predetermined trading parameters, the trading robot then alerts a broker. The brokers then assess the data and place trades only when they believe they will make a sizable profit.
After the transaction is complete, the broker uses an accessible API to return the data to the bot. The trading robot credits the customer’s in-app account after deducting the Bitcoin Compass fee from the payout.
Pros and Cons of Using Bitcoin Compass Account
What we like about Bitcoin Compass
• It is easy and cost-free to register.
• Free personal account manager
• Process of rapid verification
• Deposit options come in a variety.
• Straightforward UI
• Withdrawals typically take 12 hours to process.
• Customer service is available 24 hours a day, 7 days a week
• Both user and transaction data are protected by SSL encryption.
• ECN brokers collaborate.
What we don’t like about Bitcoin Compass
• For users in the US, the approval is still pending.
• Android, iOS, macOS, and Windows do not have native apps.
Features of the Bitcoin Compass Platform
Variable Trade Limits
Using the service, users can quickly impose a number of restrictions. Some people have a tendency to protect. For instance, a stop-loss order. While others are purely pragmatic. Users can limit how much money can be taken from an account, for example, by setting a payout threshold. Before the sum is reached, you won’t be paid.
Easy & Simple Layout for Novices
Entering the cryptocurrency industry is challenging. Using an automated trading program like Bitcoin Compass eliminates this worry, unlike other trading platforms. You might initially completely rely on technology.
Second, you can always read a trading guide and practice on a demo account on the website to learn more.
Traders with experience will find it simple to use. To see how it functions with manual trading, you can also choose a demo trading account.
Cutting Edge Security Measures
You don’t need to be concerned about someone stealing your personal information. By encrypting data, SSL encryption lessens the risk of cybercrime on the website.
Fast payments typically refer to cash received in less than 24 hours. The claim that money could be transferred in as little as 12 hours was made by Bitcoin Compass, which went even further.
As was already mentioned, Bitcoin Compass has strong online SSL internet security. As a result, all information saved on the platform is encrypted, making it possible for only those who know the passcode or secret key—also referred to as a decryption key—to access it. keeping all of your money and sensitive information secure.
What Profits Can I Make With Bitcoin Compass?
How profitable a trade depends on how successful it is. The success rate can be defined in the simplest terms as the proportion of profitable trades. According to data from Bitcoin Compass, the rate is around 90%. Our research and analysis, however, indicate that the success rate is somewhere around 70%.
This statistic is encouraging because it implies that 7-8 out of every 10 trades will be profitable. The return on investment (ROI) can reach 60%, according to the trading platform. The results aren’t quite 100% but they seem to be accurate, unlike some who claim a 100% victory rate. It is clear that automatically and consistently finding profitable trades is challenging.
How to Use Bitcoin Compass for Trading?
Fill out the form on the trading platform’s official website and its third-party partner websites to sign up. Four easy steps are needed to complete the signup.
• Please include your full name, phone number, and email address.
• Click the “Register Now” button.
• A confirmation email should arrive soon.
• By establishing your identity, activate your account.
Before starting live trading, everyone should practice on a demo account. It will help new users understand the basics of the platform and why a trading session is required. In order to assess the platform and their trading skills, beginners can start by using a demo account.
Before you can start trading, you must first deposit money. Your initial capital investment on the platform is this deposit. The actions listed below must be done.
• Choose a payment method: Visa, MasterCard, WebMoney, Skrill, bank transfer or PayPal
• Indicate the amount: at least €250
• Instantaneous transfer of funds
You are now ready to work for a living. Start buying and selling digital currencies by simply deciding whether you want to completely rely on the bot or pre-set specific orders. Up to eight hours of independent work can be scheduled for the bot.
As soon as the transaction is finished and the profit is added to your in-app account, you can withdraw the money. Send a request, then watch for the transfer to be finished.
What Do People Think of the Bitcoin Compass?
To assess the Bitcoin Compass brand’s consumer reputation, we chose to use TrustPilot. We learned that the service is well-regarded and has a 4-star rating.
Here are some real-world responses to the auto-trading robots:
“Bitcoin Compass = No Worries, No Hassle” – The website is reliable and hassle-free, claims a user from Finland.
“Legit and worth it!” – According to one user, a professional helped a German user understand how the site works.
How to Make the Most of a Bitcoin Compass Account?
Learn the Fundamentals
Even though you can rely on the bot’s independence and leave it alone for up to eight hours, you still need to understand the basics of cryptocurrency and trading. There are no shortcuts to learning, and failing to use them will prevent you from progressing.
Never Begin With a Large Investment
It’s impossible to resist the allure of getting all the money in the world at once. But you should work hard to gradually raise the deal’s value. You can come up with a plan and raise the stakes incrementally, perhaps after each profitable transaction.
Keep Your Limitations in Check
If you set aside 300 euros each month for trading, don’t start trying to make up lost ground by investing more. You might find yourself bankrupt. Typically, it’s better to make a big impression on your family and friends than to suffer losses.
Worthy Tips for Beginners to Make Positive Returns Using Bitcoin Robots
Treat Every Trade as a New Trade
Unrelenting enthusiasm can drive traders crazy and put their entire portfolio at risk, which is risky and stupid. If something goes wrong, the last thing you want to happen is to lose every last penny. This is especially valid if you have no idea when the sale will actually close.
Don’t Invest All of Your Money in One Trade
As opposed to investing all of your money in a single transaction, this is a much better and wiser choice. By doing this, you lessen your likelihood of experiencing a significant loss.
Always Start With the Minimum Limits
You need at least $250 in operational capital and $25 in tradeable funds to use Bitcoin Revolution. Start small and gradually increase your profits. As your trading knowledge and experience increase, you may want to increase your risk tolerance. However, always keep in mind that the amount of money you can stake should correspond to how much you can lose without having a significant impact on your bank statement.
Save a Percentage of Profits
Particularly inexperienced traders have a terrible propensity to reinvestigate all of their profits. This is a subpar trading strategy that ignores the risks involved in the trades. To make sure that trading is profitable for you overall, you should always set aside a portion of your earnings. Otherwise, a single bad deal could put you in the red, which is something you don’t want to happen.
Build Trading Strategies
Wait to become wealthy; don’t rush it. Your trading activities should emphasize patience and self-control. Be aware of the best times to enter the market and exit or take a day off. Setting daily trading goals will be beneficial, and once you’ve reached your target for the day, you should take it easy until the next. This lowers your chances of engaging in pointless trades and suffering pointless losses.
The majority of Bitcoin bots provide demo trading. In order to understand how the crypto market operates, you should make wise and consistent use of Demo trading.
Is Bitcoin Compass Right for Me?
Anyone who wants to trade Bitcoins and other digital currencies to make a lot of money should use Bitcoin Revolution. You don’t need to be an expert in all facets of cryptocurrency trading. If you are able to analyze market patterns better, you can still profit. By maximizing their earnings, experts can also benefit from the platform.
Summary: Not A Hoax
We can confidently conclude that Bitcoin Compass is real in light of the information provided above. The system is secure and safe. It provides novice traders with guidance and newcomers with some trading control.
Users can use an auto trading bot, as shown in our review of Bitcoin Compass. The forecasts’ accuracy is ensured by artificial intelligence. The deals are then carried out by trustworthy brokers. Despite the fact that the website withholds their identities, they are all ECN.
Is Bitcoin Compass Legit?
The service is entirely genuine. Working with ECN brokers, it is a reliable trading platform. The platform provides accurate performance data for the bot while also protecting user information.
What is the Best Way to Get a Bitcoin Compass?
Fill out the registration form on the official website. To activate your account, you will receive an email confirmation later. Please be aware that the service does not have an app and is only available through a browser.
How Does the Bitcoin Compass Auto Trading System Work?
The auto trading bot decides which cryptocurrency to buy or sell in a transaction in order to make money. Decisions are made using technical analysis, which is the study of crypto market patterns.
Is Bitcoin Compass a Lucrative Investment?
You can generate income using auto trading robots. The service claims that it has a 60% ROI and a 70% win rate. According to this, three out of every five transactions you complete should be profitable.