BitQT is an online trading robot that uses algorithms and technologies to facilitate automatic trading in the foreign exchange and cryptocurrency markets.
When the value of bitcoins rises and falls, the software automatically decides whether to invest or not. According to the app, with an 88 percent success rate, users were able to earn several thousands of dollars a day.
So, is BitQT as good as it sounds? In this BitQT review we will check whether this software is a scam or not. We’ll also answer some of the questions that are frequently asked about the app. We will also help you with step-by-step instructions for opening a trading account.
What is BitQT?
BitQT was created in 2017 by a team of Bitcoin brokers. The inventors behind BitQT claim they can process Bitcoin deals 0.01 seconds faster than their competitors. By trading faster, the team believes it can beat other auto trading platforms to benefit from market trends.
Even today, investors don’t know who created BitQT. Currently rumor has it that it was built by a team of brokers. Since they already had experience with their own platforms, working together on BitQT allowed them to create an even better algorithm. Because of their efforts, users can leverage a simple, powerful platform for automatic investments.
So, ultimately, BitQT is an automatic trading robot that uses Artificial Intelligence (AI) and algorithms to automatically trade cryptocurrency with a variety of brokers.
Essentially, the robot uses historical data to derive optimal entry and exit points for trades, and then automatically places trades according to these calculations to maximize profits.
The trading robot monitors and scans the market around the clock and automatically places a trade as soon as one of the previously defined conditions is met.
How does BitQT work?
BitQT is very similar to other trading robots in the industry and claims to offer automated trading software that can generate profits for its users.
While it is impossible to know exactly how this technology works, it is important to note that there are many new trading robots in the cryptocurrency market recently.
The high-frequency (HFT) trading debate is essentially a debate about the morale of automated trading machines in financial markets.
However, since the early 1990s there have been many automated trading machines that work on the stock and foreign exchange markets and are completely legal.
BitQT does not charge users for accessing the software. Instead of using a subscription model, the app focuses on a large volume of trade. Because of this, the creators only get 1 percent profit on successful trades. If your trades are unsuccessful, you won’t pay a dime for the platform.
Step by step guide for trading at BitQT
It is very easy to sign up for BitQT. So that no questions remain unanswered, we have provided these clear step-by-step instructions. Clicking on this link will take you to the start page and go to step 1
Step 1: The BitQT registry
Before you can make any profit you must have an account with the app.
To do this, go to the BitQT website and fill out the form. All you need is an email address, your name and a telephone number. Then all you need to do is create a password to secure your account.
When this step is completed, you will be automatically connected to one of the platform’s brokers.
You do not need to submit any identification documents at the time of registration.
Step 2: The BitQT demo account
One of the best things about BitQT is that it has a free demo account. Once you’ve created a demo account, the app will give you a tour.
You can then try using the auto-trade button with an imaginary $ 1,500 balance to see how the app works.
As soon as the registration and opening of a customer account have worked without any problems, you can take a close look at the trading platform in a demo mode and test the functions of the trading robot.
This area does not pose any financial risk to you.
Step 3: Create a live account with BitQT
When you’ve spent enough time practicing, you can try using a live account.
- Open Transactions: This option allows you to open the app’s operations console.
- Control panel: In this area you can see all the settings of the app and make adjustments. You can also see the success of your portfolio here.
- Live / Demo Account:With this function you can choose whether you want to use a demo or a live account.
- Trade History: This option allows you to view all your positive and negative transactions.
With BitQT you can trade Bitcoin, Litecoin, Ripple and Ethereum. The app enables currency pairs to be traded between different cryptocurrencies, the euro and the US dollar. After you’ve chosen how much to trade, all that’s left to do is make your first deposit.
Step 4: deposit
After practicing with the demo account for some time, it’s time to create a live account.
All you need to do is make a $ 250 investment to get started.
After making a profit, you can reinvest your profit or withdraw your money.
With BitQT, you can use Mastercard, Visa, American Express, Discover Network, and Neteller.
New traders shouldn’t deposit more than $ 250 for the time being. With this sum, you can gain initial experience without investing all of your savings.
But even experienced traders have the opportunity to put the platform through its paces with such a sum.
Step 5: live trading
As soon as the money has finally reached the customer’s account, it is time for the actual trading.
After you are connected to the broker’s trading platform and the money has been deposited into your account, you can activate the BitQT software.
A trading robot is a program that has been equipped with an algorithm. The mathematical formula allows the software to perceive the smallest price fluctuations and to carry out several purchases and sales per minute.
However, using a robot is not a guarantee of profit.
However, you always have the option to take the robot offline again.
This is particularly recommended in a long-term poor market situation. The program does not recognize them and will continue to buy and sell. As soon as the market has recovered, however, you can let the software do its job again.
BitQT app – does it exist?
The platform supports access from a PC as well as from a laptop, tablet or smartphone.
However, there is currently no application that is specially optimized for access from a mobile device.
BitQT: Scam or reputable provider?
There has been a lot of advertising for BitQT. This was partly published in popular TV shows and in Facebook ads. Over time, there were even rumors of endorsements from the likes of Richard Branson, Elon Musk, and Gordon Ramsey. However, this is not the truth. A product often appears better in advertising than it really is.
In 2017, bitcoins were actually worth more than $ 20,000 each. People who invested in bitcoins before this peak got extremely rich. Unlike other platforms, BitQT does all of your Bitcoin trades automatically. Depending on the market situation, a success rate of 88 percent should be achieved.
BitQT states that it can achieve the best possible success rate if investors follow a Fibonacci strategy and 10-minute intervals for their investments. If you are a new investor, you may want to experiment with BitQT before actually using real money. Like many trading apps, BitQT offers a risk-free demo that you can use to experiment with the app.
There are now many different testimonials from external websites. These suggest that there have been some users in the past who have benefited from the algorithm.
From this one can conclude that the bot can be classified as legitimate. Nevertheless, all operators should make people aware that not only the trade in Bitcoin and other currencies money earning, but also what kind of lose can.
Therefore, always keep in mind that profits are not guaranteed and you can lose your money when trading with this or any other trading robot. Therefore, invest only as much money as you are willing to lose.
Conclusion on the BitQT test
BitQT’s website is up and running, has good customer service and is extremely well known in cryptocurrency circles.
Although BitQT claims it can generate thousands of dollars a day and the online reviews seem to confirm it, it is still regular trading software and the risks in trading remain.
If you decide to trade with BitQT, we recommend that you start with the minimum deposit amount and not take too much risk.