Michael Abetz
Bitcoin trading are understandably popular in the UK and worldwide – as most human traders lose. This guide reviews British Bitcoin Profit.
As the name suggest this trading robot software aims to help investors make a profit from Bitcoin, and is trending in the United Kingdom – although global investors appear to also be accepted. Is this bot safe and reliable though? Many Bitcoin robots are scams and as a trading tool most are unregulated.
British Bitcoin Profit Summary
The British Bitcoin Profit website provides a few key details:
| Platform type | Bitcoin trading |
| Supported cryptocurrencies | Bitcoin, major altcoins |
| Withdrawal time | 1-3 hours |
| Minimum deposit | $250 |
What is British Bitcoin Profit?
As beginner traders find out quickly, timing entries in trades around support and resistance is vital rather than entering in the middle of a range. British Bitcoin Profit claims to be an auto trading program to identify profitable trade set up and scale in and out incrementally.
Having a reliable crypto trading bot can outperform the decision to just buy and hold and invest in cryptocurrencies passively. However British Bitcoin Profit doesn’t make its API available until a deposit is made so we weren’t able to verify its legitimacy. The minimum deposit is also on the high side for traders on a budget, at $250.
British Bitcoin Profit Pros & Cons
Pros
Cons
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
How Does British Bitcoin Profit Work?
British Bitcoin Profit focuses on Bitcoin market analysis using AI trading (artificial intelligence) although does also support trading the big caps like Binance Coin (BNB), Ripple (XRP) and more.
Users simply sign up using an email address, name, phone number and a password then are sent details on how to use British Bitcoin Profit and make a deposit. We’d recommend using a virtual card to deposit to protect your capital.
Source – British Bitcoin Profit site
As with most Bitcoin robots bank transfers and debit / credit cards are supported as payment methods.
The exact methodology used to trade appears to be proprietary as no verified information is available online.
British Bitcoin Profit Key Features
We identified key features as part of our British Bitcoin Profit review that help set this crypto trading platform apart from competitors.
- Multiple Cryptocurrency Markets
British Bitcoin Profit states it is capable of trading Bitcoin and some of the best altcoins including ETH, XRP, BNB as mentioned. Some other features include:
- Adjustable Settings
Users can make adjustments to certain aspects of the British Bitcoin Profit software e.g. the risk parameters. This makes it suited to beginners.
- Mitigates Risks
Trading software like British Bitcoin Profit was created to reduce potential losses traders may suffer during cryptocurrency trading. Identifying profitable trading ideas lowers risk.
According to the British Bitoin Profit project’s website, its AI trading software has an over 80% success rate – which isn’t as far fetched as some trading robot claims.
- Fee-Free
A deposit of $250 is required of users. Then the Bitcoin trading platform does not charge for deposits or withdrawals, and the only fees are the normal Bitcoin network fees and maker / taker fees on crypto exchanges.
British Bitcoin Profit Fees
| Account opening fee | Zero |
| Deposit/withdrawal fees | Zero |
| Commission | No hidden fees |
Is British Bitcoin Profit a Scam?
According to its website British Bitcoin Profit has a high success rate, although this hasn’t been verified by any external audit or third-party software. In addition, there are few Trustpilot reviews from users.
Most online testimonials on social media are positive, but could be paid reviews. The lack of information is relatively common among automated trading platforms however as since the industry is unregulated bot developers tend to stay anonymous and closely guard their software.
British Bitcoin Profit Minimum Deposit
British Bitcoin Profit requires a minimum deposit of $250. This is used to open a trading account on your behalf and is the principal capital that the platform uses to start trading cryptocurrencies on the users’ behalf – allegedly.
If dissatisfied with British Bitcoin Profit, you can reportedly withdraw this initial deposit at any time with no fees.
British Bitcoin Profit Customer Support
British Bitcoin Profit claims to have 24/7 live chat support. You must open an account though to contact customer support, as there is no way to reach support without logging in to the platform.
How to Use British Bitcoin Profit
Here’s how you can get started if you do decide to invest with British Bitcoin Profit:
Step 1: Sign Up
Visit the British Bitcoin Profit website and fill in the sign up form on screen.
Step 2: Deposit Funds
Users must deposit $250. British Bitcoin Profit supports bank transfers, credit cards and e-wallets like Skrill as payment methods.
Step 3: Begin Trading
After fiat money been deposited, users can begin trading Bitcoin either spot or on margin using CFDs. New users can adjust their trading settings and start with a demo account to paper trade first, before deciding their risk tolerance levels.
The British Bitcoin Profit platform will begin to use its alleged AI trading technology and monitor the 24/7 crypto markets, particularly the Bitcoin price action as most altcoins are correlated to BTC.
Conclusion
British Bitcoin Profit is trending online in the UK in 2023 and its claims of a high winrate attracts a large amount of interest. However no real details of its past performance records are available before depositing.
For some alternatives to British Bitcoin Profit see our reviews of algorithmic trading platforms – those have a more long-term positive reputation in the crypto industry particularly our top pick which is a crypto platform that offers automated copytrading of pro traders with a track record of proven profits.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
FAQs
What is British Bitcoin Profit?
Is British Bitcoin Profit legit?
How do I join British Bitcoin Profit?
Who owns British Bitcoin Profit?
Can other countries also use British Bitcoin Profit?
This article was written for Business 2 Community by Michael Abetz.
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