Bitcoin Era review: Is it a legit trading platform?
This article is a Bitcoin Era review, examining the robotic crypto trading system that has left many wary about its legitimacy.
Crypto trading has recently become a prevalent way of generating passive income. Due to this, many platforms have emerged that use advanced algorithms and artificial intelligence to assist investors in trading. However, it is never risk-free to trade crypto, particularly on these platforms. Therefore, it is advisable to be careful while dealing with such trading forums.
Let's delve to find out whether Bitcoin Era is a safe option to trade cryptocurrencies or not.
Bitcoin Era review: What is it?
Bitcoin Era is a trading bot for cryptocurrencies that claims to use advanced AI algorithms to automate trades. It allows the traders to develop a simple crypto trading strategy that requires minimal observation and follow-ups. It is a web-based platform that can make trades on your behalf, so you do not constantly have to monitor market trends.
According to the website, investors can buy or sell more than 15 coins, including popular ones like Bitcoin, Ethereum, Ripple, and Litecoin. It also gives you four options for fiat currencies: USD, GBP, JPY, and Euro.
It does not cost you to set up an account on Bitcoin Era. Still, you need a minimum deposit of $250 to start automated trading. Meanwhile, the trading web app only charges a trading fee of 2%, and there are no fees for withdrawals and deposits.
The website maintains that the investors using its unique services have a success rate of around 85%. However, this claim is not backed by any sources or independent Bitcoin Era review. Therefore, the legitimacy of the platform remains in doubt.
Bitcoin Era review: Pros and cons
Now, let's look at some of the pros and cons in our Bitcoin Era review.
Supports buying and selling of multiple assets.
Offers demo accounts.
No deposit or withdrawal fees.
Unverifiable claims of success rates.
Lack of positive reviews for the platform.
The initial deposit amount is relatively higher.
Which features does Bitcoin Era offer?
Here are the main features that the web app claims to offer to its clients:
The web app asserts that it provides an easy-to-use interface to make trades. The automated trading feature creates further ease for investors as they can start with virtual assets without prior knowledge.
The trading forum also supports around 15 cryptocurrencies, including the leading ones like BTC, ETH, ADA, and DASH. It lets you build a diverse portfolio of all the popular coins in the market.
Options for both manual and automated trades
The platform is known for its copy or automated crypto trading services. It holds that its AI-based trading services can make up to 85% of investor profits. Nevertheless, this tall claim is not supported by any data.
It also allows you to trade manually based on your own market insights. You can even use the forum to educate yourself about market trends. It offers real-time market analytics that makes crypto investing strategies even for beginners.
Demo accounts to gain experience
You can have a demo account if you are a novice trader and need more confidence about entering the real market. You can avail yourself of this free service by registering on the platform.
The demo account enables you to hone your skills and gain knowledge about how the crypto market works. A demonstration account can also be useful for seasoned traders as they may test their different trading strategies.
The platform also claims to have a no-fee policy. It does not charge any fee for creating an account. Similarly, no additional charges exist for withdrawing or depositing money in your account. It only charges a trading fee of 2% of the amount you transfer or receive. However, the Bitcoin Era app does require an upfront deposit of at least $250.
Swift registration process
The cryptocurrency exchange forum has a swift registration process. Even though it follows the Know Your Customer (KYC) requirements, the signup procedure is instant. You only need to provide basic personal details and can get started on the platform.
Bitcoin Era review: Is it a scam?
A review of the web app suggests that it is an automated cryptocurrency trading system that offers advanced market insights. It caters to seasoned and novice traders by offering automated and manual trades. Besides, it seems an inexpensive option as it does not charge any fees for registration, withdrawals, or deposits. Plus, you will have enough cryptocurrencies to diversify your portfolio with options ranging from Bitcoin to Binance Coin.
However, what makes one suspicious about the platform is its exaggerated claims and marketing tactics. For instance, its claim of 85% profit seems grossly inflated as it is not substantiated with data. Moreover, only a few independent reviews support these claims. As a result, the entire image of the platform becomes dubious.
Although there are no direct signs of a scam, it provides misleading information. This is what makes such platforms quite risky. So, considering the Bitcoin Era as an investment opportunity, it's crucial to be aware of the risks involved. Ensure to follow a robust risk management strategy and carry out thorough research.
Author: Wasay Ali
Wasay Ali is a versatile professional writer with global experience and a background in mechanical engineering and social science. He is adept at crafting news and informational content for the crypto space and has experience writing for other niches. He is a professional SEO content writer who has worked with several digital marketing agencies and clients in the US, UK, Pakistan, and Europe. He is a dedicated volunteer and enjoys reading, writing, poetry, and going to the gym. He is an INFJ-A personality type dedicated to positively impacting the world. Wasay has a passion for writing as it allows him to express his creativity, share his knowledge, and connect with people worldwide.