Crypto trading robots have been receiving more attention in the past few years. Bitcoin has been one of the best performing financial assets of the past decade.
Bitcoin bots provide more convenience in the trading process and maximise investors’ ROI (return on investment). Today, many Bitcoin trading robots are available for investors to choose from.
In this Bitcoin Up review (also known as Bitcoin UP), we explore how the platform claims to work, its key features, whether it’s a good investment and how to get started.
Bitcoin Up Summary
Here’s a summary of the Bitcoin Up robot from our research and reading online reviews of Bitcoin Up.
| Hidden fees | None |
| Mobile Apps | Web app and Android |
| Success rate | 90% |
| Minimum deposit | $250 |
| Supported cryptocurrencies | BTC, ETH, BCH, LTC, DASH, EOS, MIOTA, NEO, BNB, XRP, BTG, ETC, ADA, ZCASH. |
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
What is Bitcoin Up?
Bitcoin Up is said to be an automated crypto robot that aims to mitigate the risks of trading in the crypto markets using sophisticated software. The platform uses artificial intelligence (AI) and machine learning (ML) models to scan the crypto market for the most profitable trading ideas.
An AI-powered framework enables Bitcoin Up to scan the market in seconds while considering an asset’s technical and fundamental performance. Running semi-autonomously, the Bitcoin Up robot can buy and sell cryptocurrencies on a user’s behalf. Bitcoin Up reviews also indicate that the crypto trading robot can place stop loss and take profit limits for users.
The platform claims to work with brokers who are saddled with the responsibility of executing trades from the Bitcoin Up app. This would usually require you to sign up with the supported crypto broker.
In the aspect of success rate, Bitcoin Up claims a 90% winning rate. We could not verify this information, and we recommend all users be cautious using the platform. We were also not able to identify the development team behind the project. Although this is not unusual in the crypto space, often developers are not doxxed or public.
Fee-wise, Bitcoin Up is quite affordable. Once you complete a stipulated minimum deposit of $250, the service is free to use.
This means Bitcoin Up has no deposit or withdrawal fees. You can also complete withdrawals within a 24-hour window. There are also no account opening or maintenance fees to worry about.
Our Bitcoin Up review also shows that the trading robot is quite user-friendly. The platform offers a streamlined trading process, which is apparent in the quick sign up process. It is also easy to navigate the platform by clicking on the ‘Scan’ icon.
It is said support buying and trading over 14 cryptocurrencies, including Bitcoin, Ethereum, Cardano, and other digital assets. However, Bitcoin Up allows users to trade in CFDs. Contracts for differences (CFDs) are financial derivatives that enable investors to buy or sell an asset for a fixed price later. When you trade Bitcoin CFDs for instance, the trader would only get exposure to BTC price. They won’t buy Bitcoin itself.
Bitcoin Up app is also available for mobile devices, but this is currently for Android smartphones. You can also access the platform within the Bitcoin Up website platform.
Bitcoin Up Pros & Cons
This Bitcoin Up review provides potential investors insight into the best parts of the platform and its demerits.
Pros
- High success rate
- Responsive customer service
- No fees
- High-performance trading strategies
- Fast withdrawals
- Reasonable minimum deposit of $250
- Offers a mobile app
- Zero need to store crypto assets
Cons
- The high unverified success rate
- The development team is unknown
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
How Does Bitcoin Up Work?
Bitcoin Up works based on trading strategies of high-performance banks to provide investors with high returns on investments. Although investors need to verify their email and phone number, the platform has a simple onboarding process and does not require KYC information.
Users only need to sign up on the platform using an email address, full name, phone number and a strong, unique password. This process only takes a few minutes.
Our Bitcoin Up tests reveal that the live trading system can only be activated when the account is funded with a minimum deposit of $250. Investors can deposit funds in seconds depending on the payment option used. This Bitcoin robot accepts bank wires and debit cards.
After activation, the trading robot does the heavy lifting. It scans the market for the best deals and completes the transactions. Unlike some of its competitors like Bitcoin Code, Bitcoin Up doesn’t feature a demo account.
A demo account makes it easy for investors to buy cryptocurrency safely while trading with paper money. This way, users can easily see their strategies play out in real-time. Users can watch trading tutorials in the educational section on Bitcoin Up before activating the robot.
Like many other crypto trading robots, the Bitcoin Up platform has developed its trading strategy using software that predicts price movements in the market. The robot proclaims that it uses its own AI and machine learning algorithms to simultaneously place many trade orders for customers.
The bot partners with different brokers. These handle the trade execution and custody for Bitcoin Up’s clients. So, Bitcoin Up monitors the market for trading opportunities. Once it finds an opening, it initiates the trade – for example, to buy Ether- Bitcoin Up uses the funds in your trading account. The bot then closes the trades based on the exit parameters created.
Bitcoin Up monitors the price patterns of several cryptocurrencies, including Bitcoin, Ethereum, Binance Coin and others.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
Bitcoin Up Key Features
The platform does not charge investors for deposits, withdrawals, or opening an account. There are no trading fees or commissions on Bitcoin Up either. Furthermore, the platform’s minimum deposit of $250 is the only cost consideration for traders. Keep in mind that this is the initial deposit to use the robot. It’s not a fee for using Bitcoin Up.
Bitcoin Up does not require users to understand complex price charts or how fundamental analysis impacts a crypto asset’s value. When investing on the platform, the algorithm searches out the best deals on the market and executes the trades on behalf of the investors. There’s very little for the investors to do besides setting the parameters for the trading software to operate.
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Advanced Trading Technology
The algorithm on the Bitcoin Up platform is backed up by an advanced AI-based system that claims to yield a success rate of 90%. While we could not verify these claims, such technology could allow Bitcoin Up to identify price patterns and open up trades before they become obvious.
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Instant Deposit and Withdrawals
Bitcoin Up offers investors instant deposit options using bank wire and debit/credit card options. According to its website, other funding options could suffice depending on the broker the investor is matched with. Furthermore, Bitcoin Up says it can process swift fee-free withdrawals.
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Responsive Customer Support
Bitcoin Up offers responsive customer support around the clock. There is no reason for investors to wait in long queues as the bot boasts multiple channels where customers’ queries can be solved.
Bitcoin Up Fees
Here is an overview of the fees applicable on Bitcoin Up:
| Deposits | None |
| Commissions | None |
| Withdrawals | None |
| Account opening | None |
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
Is Bitcoin Up a Scam?
Bitcoin Up claims to be partnered with several brokers that facilitate the safety of user funds and information. This data is held in segregated accounts as required by top-tier regulatory bodies. So, is Bitcoin Up a scam? Based on the information provided, we can’t say for sure. First, there is no verifiable information concerning its founders. In addition, we couldn’t find any evidence to support the claimed success rate.
However, we found several Bitcoin Up reviews from past users of the platform on Trustpilot. Most users gave the crypto bot a low 2.7 on the rating platform.
From our research, the bulk of the reviews was centred on the constant calls received upon registration on the platform. We could not verify the legitimacy of these claims either way. Keep in mind that all trading carries risks, as crypto assets are volatile and unregulated.
Bitcoin Up Minimum Deposit
The minimum amount to deposit is $250 on Bitcoin Up. This amount is the minimum required to activate the software and get it to start implementing its trading strategy effectively. The funding options available to deposit include bank transfers and debit/credit cards.
Bitcoin Up Customer Support
Customer support is one of the key features to consider when choosing a Bitcoin trading robot. A good and responsive platform provides investors with the trust they need to be fully vested in a platform. As long as investors are guaranteed customer service responsiveness, they can comfortably initiate transactions using the platform.
Bitcoin Up claims to have round-the-clock customer support dedicated to resolving customer queries. Investors can use live chat, emails, and phone calls to solve queries on deposits, withdrawals, or registration issues on the platform.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
How to Use Bitcoin Up
Investors who do decide to get started on the Bitcoin Up platform can follow the step-by-step process to do so:
To sign up on the Bitcoin Up platform, begin by clicking on the ‘Sign Up’ button and filling out the form provided. Users will need to provide their first and last name, an email and a phone number.
Once you’ve signed up, you can then access Bitcoin Up as a user and proceed to deposit $250. Investors can fund their accounts using a wire transfer or debit/credit card.
Before making your first trade, we recommend using the demo account. This would enable you to understand how the Bitcoin Up robot works and how to place your trade easily. We also suggest looking at the trading bot to view how it reacts to recent fundamental news on an asset to verify if the claimed success rate is correct.
The final stage is to set your robot parameters and start trading. You can get started once your funds are confirmed. Alternatively, you can watch the training tutorial in the resource centre to understand how the system works. Once you’re satisfied with all the details, alter the robot’s default parameters to suit your style and risk appetite.
Tap on the ‘Scan’ icon for the Bitcoin robot to start scouring the market for opportunities. Once it locates a profitable trade, you can set your risk parameters and execute the trade.
The Verdict
Our Bitcoin Up review highlights the features of the crypto robot and how it works. We also considered the minimum deposit and its legitimacy as a credible trading bot.
Our review found out that Bitcoin Up comes with several positives. The robot has a claimed success rate of 90%, but we couldn’t verify this.
If you are interested in getting started with the Bitcoin Up robot, click the link below. The sign-up process can be completed from your browser and only takes a few minutes. Bitcoin Up requires a minimum deposit of $250 to get started.
Crypto assets are a highly volatile unregulated investment product. Your capital is at risk.
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