Bitprime Gold is an automated cryptocurrency trading software that utilizes artificial intelligence and algorithms to trade digital assets on behalf of users. The robot analyzes market data to identify lucrative trading opportunities and automatically executes trades based on configured settings.
According to the information on the official website, Bitprime Gold delivers a success rate of 95% on executed trades. The trading platform aims to make crypto trading accessible by automating the process. Even beginners with no prior experience can purportedly generate significant profits using the robot.
Overview of Bitprime Gold
Bitprime Gold allows users to trade major cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ripple. The minimum Deposit to get started is $250. The registration and account setup process is free.
The robot charges no trading fees or commissions. Users only pay a 2% performance fee on profitable trades. Withdrawals are processed within 24 hours. Bitprime Gold provides a demo account to help users familiarize themselves with the system before live trading.
Robot Type and Supported Cryptocurrencies
- Robot Type: Bitcoin Robot
- Supported Cryptos: BTC, ETH, LTC, BCH, XRP
Minimum Deposit and Trading Fees
- Minimum Deposit: $250
- Trading Fees: None
- Performance Fee: 2% on profits
Claimed Win Rate and Leverage
- Claimed Success Rate: 95%
- Leverage: Up to 5000:1
Supported Fiats and Withdrawal Timeframe
- Supported Fiats: USD, EUR, GBP, AUD, CAD
- Withdrawal Processing: 24 hours
Verification Required and Automated Trading
- Verification Required: Yes
- Automated Trading: Yes
Pros and Cons of Bitprime Gold
Advantages of Using Bitprime Gold
- User-friendly and intuitive interface
- Suitable for beginner traders
- Requires a low minimum deposit
- High claimed success rate of 95%
- Provides demo account for practice
- Charges no trading commissions or fees
- Fast withdrawals within 24 hours
- Web-based with easy access from any device
Disadvantages of Using Bitprime Gold
- Supports only five major cryptocurrencies
- No mobile trading app is available
- High leverage can lead to losses if used improperly
- Cannot independently verify the claimed 95% win rate
- Deposit required to access the demo account
Ownership and Creation of Bitprime Gold
Who Owns Bitprime Gold?
According to the information on its website, Bitprime Gold was created by a team of trading experts and software developers with years of experience in derivatives trading and financial markets. The owners remain anonymous.
There is no evidence of the platform being owned or endorsed by celebrities like Elon Musk or Martin Lewis, as claimed by some affiliate marketers.
How Bitprime Gold Was Created
The creators have studied cryptocurrency markets extensively to develop effective trading strategies. These strategies were then converted into algorithms and built into an automated trading system for crypto assets.
Advanced machine learning capabilities enable Bitprime Gold to scan markets rapidly and pinpoint lucrative opportunities. The developers constantly improve the algorithms to enhance performance.
Getting Started with Bitprime Gold
Learning How Bitprime Gold Works
New users should take the time to understand how the trading robot functions before getting started. The website provides some information, but conducting independent research is advised.
Registering an Account
Registering with Bitprime Gold is free and straightforward. To set up an account, provide your name, email address, and contact details. No lengthy documentation is required.
Starting to Trade
Make the minimum Deposit of $250 to activate your account. Use the demo account to customize settings and adjust risk parameters. Switch to live trading when ready.
Supported Cryptocurrencies and Products
Bitprime Gold offers trading access to the following five major cryptocurrencies:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- Ripple (XRP)
These can be traded as CFDs, allowing users to speculate on price movements without owning the underlying asset. Multiple fiat currencies are supported for deposits and withdrawals.
Leverage Trading Options
Bitprime Gold enables margin trading with leverage up to 5000:1. While leverage amplifies gains, it can also exacerbate losses if misused. Beginners should be cautious when trading with leverage. Appropriate risk management is essential.
Spreads and Commissions
According to Bitprime Gold, there are no trading commissions or spreads. Users only pay a 2% performance fee on profitable trades. However, brokers connected to the platform may charge spreads and other fees. Check broker terms.
Fees, Limits, and Payment Options
Costs and Fees of Bitprime Gold
- Software Access: Free
- Minimum Deposit: $250
- Trading Commissions/Fees: None
- Performance Fee: 2% on profits
- Deposits/Withdrawals: Free
- Subscription Costs: None
Payment Methods Accepted by Bitprime Gold
Bitprime Gold accepts the following payment methods:
- Debit/Credit Cards (Visa, Mastercard)
- Bank Wire Transfer
- Bitcoin for deposits (if held)
- E-Wallets (Skrill, Neteller, etc.)
Transactions are processed free of charge generally. Deposits and withdrawals may take up to 24 hours.
Trade Sizes and Limits
The minimum Deposit is $250. There are no defined maximum trade limits. Trade sizes depend on capital deposited. Start small and increase amounts as you gain experience.
How Bitprime Gold Works
Trading Strategies and Algorithms
Bitprime Gold utilizes artificial intelligence and proprietary algorithms to scan markets and automate trades. The trading strategies include:
- Technical analysis – Identifying opportunities based on historical patterns and chart trends
- News-based trading – Leveraging market-moving news events and announcements
- Arbitrage – Taking advantage of price discrepancies across different exchanges
- High-frequency trading – Rapid execution of a high volume of small profitable trades
The developers continually improve the algorithms to boost performance.
Devices Supported by Bitprime Gold
Bitprime Gold is web-based and can be accessed through any internet-connected device with a browser, including:
- Desktop computers
- Smartphones (iOS and Android)
There is currently no specialized mobile app available.
Availability of Bitprime Gold in Different Countries
Bitprime Gold accepts users from over 100 countries, according to its website. However, access may be restricted in certain jurisdictions where crypto trading is outlawed or limited. Check your local regulations.
The Bitprime Gold platform is available in several major languages:
Ease of Use and Profitability
User-Friendliness of Bitprime Gold
The Bitprime Gold interface is intuitive and easy to navigate, even for beginners. The automated trading features make it simple with minimal effort or intervention.
Comprehensive guides explain how to set up your account, configure trading settings, deposit funds, and start trading. Customer support is available 24/7 via email and live chat.
Potential Profits with Bitprime Gold
According to claims on its website, Bitprime Gold provides a success rate of 95% generating substantial profits for users. However, promises of guaranteed returns should be taken with skepticism.
In reality, profits depend on many factors, including trading capital, risk management, market conditions, and the effectiveness of the algorithms. Users need to have reasonable expectations when using any automated trading platform.
Key Features of Bitprime Gold
No Experience Required
Bitprime Gold is designed to make crypto trading accessible for complete beginners. The automated system manages the trading process allowing anyone to generate profits with minimal knowledge or intervention.
Withdrawals are processed rapidly within 24 hours. This provides an advantage over other platforms that may take weeks to return funds. Swift access to capital is essential for active crypto traders.
The demo account by Bitprime Gold provides an excellent means to trial the platform using virtual funds. Users can test the performance and reliability of the trading system before risking natural capital.
Security and Regulation
Legitimacy and Safety of Bitprime Gold
There are no evident signs from user complaints and reviews that Bitprime Gold engages in illicit practices. The platform appears to be genuine based on available information.
Traders should exercise due caution, nevertheless, when working with unregulated entities. Do your checks before depositing funds.
Regulation and Verification
Bitprime Gold does not seem to be regulated by any financial authority currently. The partner brokers it connects users to should be held in their jurisdictions.
Identity and address verification are required during account creation. This complies with KYC regulations and ensures the legitimacy of users.
Educational Resources and Tools
Bitprime Gold does not offer much in terms of learning resources, tools, or charts. Users need to rely on the interface provided by partner brokers for technical analysis and trading charts.
Customer assistance on Bitprime Gold is provided via:
- Live chat
Support is available 24/7, according to the website. Users must create an account to gain access. Contact information is not publicly provided.
Getting Started with Bitprime Gold
Account Registration and Verification
Here are the steps to register and set up your account with Bitprime Gold:
- Visit the Bitprime Gold website and click “Register.”
- Enter your name, email address, phone number, and contact details
- Check your email for a confirmation link and click on it
- Login to your account dashboard
- Provide proof of identity and address when prompted
- Accept the terms and conditions to complete the verification
Using a Demo Account
Follow these steps to access the demo trading feature:
- Register on Bitprime Gold and verify your account
- Make the minimum Deposit of $250
- Access the demo account from the account dashboard
- Customize settings and test automated trading
- Monitor demo performance before live trading
Adjusting Your Strategy
Use the demo account results to perfect your strategy:
- Assess risk preferences
- Analyze the performance of algorithms
- Adjust position sizing and risk parameters
- Experiment with stop losses and take profit levels
Opening a Position
Here is how to open your first live trade with natural capital:
- Analyze charts and identify trading opportunities
- Enter stake amount, leverage, stop loss
- Configure take profit target
- Turn on automated trading
- Click “Execute Order”
Celebrity and Company Endorsements
Martin Lewis and Bitprime Gold
Despite claims by some affiliate marketers, there is no evidence of Bitprime Gold being officially endorsed by the British financial guru Martin Lewis or mentioned in his programs.
User testimonials citing such affiliations cannot be independently verified and should be reconsidered accordingly.
In summary, Bitprime Gold is a promising automated crypto trading platform that offers valuable features such as a free demo account, rapid withdrawals, and easy account setup. The high leverage and unverified win rate claims warrant caution, however.
Perform due diligence, start with small amounts, and prudently manage risks. With the right approach, Bitprime Gold allows even novice traders to generate substantial profits in crypto markets without manual effort.
Overall, Bitprime Gold seems to be a legitimate automated trading service. Try the free demo to ascertain if the algorithms align with your trading style and expectations. The low minimum Deposit makes it easily accessible for testing.
Apply wise risk management principles and avoid overtrading if you transition to live trading. Bitprime Gold can be valuable if utilized judiciously based on market conditions but responsibly.