Matt Williams
Many ‘official BitAlpha AI website’ links exist, which is correct and is this crypto trading bot a scam or legit? We reviewed BitAlpha AI – also this automated trading platform appears to be spelt in various ways with or without spaces – Bit Alpha AI, Bit AlphaAI, and so on.
Crypto trading bots and specialized ‘Bitcoin robots’ are very popular online, with BitAlpha AI trending the most currently on social media, but it’s crucial to be careful as some trading robots are scams and most are unregulated.
We’ve examined the Bit Alpha AI website, and info from the user reviews we could locate online.
BitAlpha AI Summary
The Bit Alpha AI site – this link appears to be the legitimate one as of 2023 – provides this information:
| Platform type | Bitcoin and crypto trading |
| Supported cryptocurrencies | BTC, plus the top 20 altcoins |
| Withdrawal time | Instant via cryptocurrency |
| Minimum deposit | $50 |
What is BitAlpha AI?
Most human traders lose – crypto exchanges often state the approximate percentage as around 68% – 72% in a risk disclaimer – and even retail investors that just buy and hold often end up panic selling at a loss when the market corrects, or don’t pick the best altcoins to buy at the right times. Bitcoin trading bots and other crypto trading bots claim to act as ‘robo advisers’ to help traders be more profitable – one of the newest trading bot tools is Bit Alpha AI. On various reviews the main Bit Alpha AI tagline is:
‘The Bitcoin Trading platform that does things differently.’
In terms of what it does differently Bit Alpha AI claims to automatically invest in cryptocurrencies for the user and swing trade based on crypto market conditions, adjusting take profit and stop loss orders 24/7.
However Bit Alpha AI doesn’t make its auto trading software publicly available for those that don’t make a deposit so we weren’t able to verify its accuracy and winrate. The minimum deposit is on the lower end for trading robots at just $50 and reportedly a demo account is made available.
BitAlpha AI Pros & Cons
Pros
- Automated Bitcoin trading as well as other crypto tokens
- No hidden fees or management fees
- Low minimum deposit
- Viral on social media
Cons
- No public backtesting or audit
- Bit Alpha AI founders are anonymous
- Some scam websites set up representing their link as the correct Bit Alpha AI website
- Doesn’t appear to support NFT trading
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
How Does BitAlpha AI Work?
There’s little information on exactly how Bit Alpha AI other than it can identity ‘alpha’ in trading setups – the term alpha is synonymous with ‘edge’ and often represented by the Greek letter α. Trading alpha essentially means a given trading strategy’s ability to beat the market, according to the Investopedia definition.
That might be where to set a stoploss (SL), how to layer take profit (TP) orders and so on. See our list of the best crypto Twitter traders which often use this term.
Bit Alpha AI reportedly identifies alpha in Bitcoin price action (PA) and that of other major assets, and can be used as a standalone crypto trading bot or integrated with Meta Trader 4 (MT4) or MT5.
It appears to operate in a more advanced way than some of the other automated trading platforms we’ve reviewed. The AI stands for artificial intelligence – implying its an AI trading tool, although it keeps those details if real as a closely guarded secret.
We’ve reviewed a list of the top 7 AI cryptos that are listed on safe, secure and trustworthy crypto exchanges for readers interested in that industry.
BitAlpha AI Key Features
Our Bit Alpha AI reviewers found the following points often raised online in reviews and Bit Alpha AI testimonials:
High Winrate
The stated Bit Alpha AI winrate is 70% which if true and accurate would be enough to beat the market long term, however it’s not clear if that is exaggerated. It sounds more realistic than some scam robot trading platforms.
Instant Withdrawals
Bit Alpha AI states its withdrawal time window is essentially instant, in the minutes to one hour, sent back the original method used to deposit – i.e. the cryptocurrency asset used. There is also an option to deposit and cashout profits via VISA or bank account which have a slightly longer processing time.
Educational Material
Bit Alpha AI offers some tutorials to learn to trade and on how Bit Alpha AI works, made available after depositing.
Demo Trading
Bit Alpha AI like many crypto robots offers a demo account – see our guide to demo trading accounts for some other options on that front.
Overnight Trading
The crypto markets are 24/7 unlike other financial markets which can close over weekends, and the Bit Alpha AI robot takes advantage of that being able to operate automatically at any hour of the day.
BitAlpha AI Fees
| Account opening fee | Zero |
| Deposit/withdrawal fees | Zero |
| Commission | 0.1% maker / taker fee |
Is BitAlpha AI a Scam?
Many positive Bit Alpha AI testimonials can be found online on sites like Reddit, TrustPilot, and other scam detector sites, however its not clear if they are real or paid marketing reviews.
Start with a minimum deposit and also check out our reviews of other automated trading platforms if deciding to trade with Bit Alpha AI as many bot programs are unregulated and some are confirmed scams.
We’ve also reviewed an impressive crypto trading bot tool that beat the 2023 crypto bear market on eToro.
BitAlpha AI Minimum Deposit
Bit Alpha AI requires a minimum deposit of $250 to open a new trading account.
BitAlpha AI Customer Support
Bit Alpha AI support is available 24/7/365 over email and the phone for registered users, according to the Bit Alpha AI website.
BitAlpha AI Tesla
There’s been some speculation that bitalpha ai is associated with electric car behemoth Tesla. We could not find concrete evidence of this – instead the BitAlpha AI tesla link seems to be perpetuated by marketing gurus, who are claiming that Tesla invested some of their funds into the cryptocurrency.
BitAlpha Amazon
Similar speculation has linked Amazon with the purchase of BitAlpha AI currency to diversify their assets and holdings. Again, this is unfounded, and any claims linking Jeff Bezos and the retail giant with BitAlpha AI are to be taken with a pinch of salt. That’s not to say, however, that the software isn’t capturing the interest of tech giants.
How to Use BitAlpha AI – Tutorial
Below are the steps to getting started trading with Bit Alpha AI:
Step 1: Sign Up
Visit the BitAlpha AI website and complete the whole sign up form available on the right of the screen. Read the terms and conditions and risk disclaimer.
Traders in all countries can open an account at Bit Alpha AI – adjust the country code to input a phone number.
Step 2: Deposit Funds
Bit Alpha AI program registrants first need to deposit $50 minimum to enrol. New user accounts can be funded using cryptocurrency, or via credit / debit card or bank wire.
Step 3: Demo Trade
Optionally some traders that are beginners might wish to use the demo trading version of the Bit Alpha AI platform to paper trade first for practice, before making a large deposit.
Step 4: Trade
Choose a trading market – BTC/USDT, ETH/BTC and so on – using the instructions received via email or available from the support staff. The Bit Alpha AI robot can reportedly use either an automated scanner to monitor the markets itself or the user can take a more hands-on approach and adjust its settings.
Conclusion – BitAlpha AI Website Review
BitAlpha AI is going viral on Facebook, Reddit and Twitter in 2023 and its claims of being able to trade multiple crypto coins including Bitcoin are attractive. However full past performance data is only provided to depositors so exercise caution – we also recommend depositing only the minimum of $50.
Also there are various BitAlpha website domains – with different spellings, BitAlphaAI, and BitAlpha AI etc. – claiming to have an ‘updated link’ for this year. We recommend using this link.
For some alternatives to Bit Alpha AI see our list of 10+ algorithmic trading platforms – those have a better reputation in the crypto industry especially number one which is an actual crypto exchange with automated copytrading of winning traders with a positive ROI backtested (logged by the platform) over months.
Never over-invest in just one crypto trading bot program, or altcoin – keep a diversified portfolio and split your money up across different sites to protect your capital and have more funds available to buy the dip and stay flexible.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
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This article was written for Business 2 Community by Matt Williams.
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