Bitcoin Digital Review South Africa – Scam or Legit?
Bitcoin Digital is an algorithmic crypto robot that is reportedly fast, highly automated, and accurate for today’s standards. It’s system is designed to find the best crypto trades and winning opportunities for its users.
Is the Bitcoin Digital crypto robot right for you? And how does the platform stack up against other crypto robots? Let’s discuss all this and more in this Bitcoin Digital review.
Bitcoin Digital Summary
Trading Bot Type
Algorithmic Trading Bot
Up to 60%
BTC, LTC, ETH, etc.
What is Bitcoin Digital?
With a trillion dollar market cap and ever expanding following, Bitcoin is the largest crypto asset on record and everyone wants in. However, there are many ways of buying and selling Bitcoin as well as other cryptocurrencies. One of them is by using a crypto bot like that of Bitcoin Digital South Africa.
The Bitcoin Digital trading platform claims to find the best deals on the cryptocurrency market for beginners and experienced traders alike. But despite the extreme volatility of Bitcoin and cryptocurrencies in general, the platform reports thousands of dollars in profits from its users.
Initially, it seems that the platform is highly accurate. As we continue in our Bitcoin Digital review, we’ll get into why this appears to be the case.
How Does Bitcoin Digital Work?
Traditionally, trading requires the full attention of the trader who is fully conscious of the trades he’s executing and controlling. But with the Bitcoin Digital app’s algorithmic trading, less pressure is placed on the trader.
Algorithmic trading is the process of executing trades in an automated system. Essentially, this allows users to make trades even when they’re away from the computer and offline. Depending on your trading strategy and financial objectives, you can tweek how the trading algorithm will respond to certain scenarios.
The end product for the Bitcoin Digital crypto robot is an automated trading program that finds opportune trades. Note that having an automated trading system does not ensure profits. In this Bitcoin Digital review, we always highlight the need for proper market research and due diligence.
Bitcoin Digital vs Other Crypto Robots
Bitcoin Digital Robot
Other Crypto Robots
Uses trading algorithms and systems for analyzing and executing trades
Uses other programs and simpler systems for trades
Multiple affiliated brokers
Partner with few or no brokers
Depending on the bot, CFD trading options may vary
Intuitive and easy-to-use platform
Some bots have more complex interfaces
Bitcoin Digital Key Features
So far, we’ve discussed some of the Bitcoin Digital app’s algorithmic abilities. How does the platform fare for actual traders and their experiences? In this section of our Bitcoin Digital review South Africa, we’ll get into the crypto bot’s key features.
Higher trading speed
By following a defined set of instructions through algorithms, the Bitcoin Digital trading platform can allegedly trade at blazing speeds. It claims to be 0.01 seconds ahead of the markets, which seems small but is quite a lot of time in today’s computing standards.
In our Bitcoin Digital review testing, we could not verify this margin of trading speed, but crypto trading bots in general need to be fast. Because market data is given in multiple instances every second, speed is often the key factor when it comes to trade execution. It could be argued that the faster the computation speed, the better prices you can get per trade.
In conjunction with a diverse set of crypto assets to trade, the Bitcoin Digital trading platform can help users lower their risk when it comes to trading. Using your trading strategy in a lot of different equities can improve your overall risk. This can be done because of the many equity prices available in the Bitcoin Digital app.
Another advantage of algo trading is that it reduces the risk for manual error. Human error is always a risk when it comes to any system, crypto trading included. Because algo trading is programmed, instructions given must be followed by the bot so users can expect consistency. All in all, risk can’t be completely mitigated, but can be lowered with the right techniques.
Zero trading fees
Many trading platforms today offer zero commission fees, like in the XM broker’s platform. The Bitcoin Digital app offers this feature as well.
But what are the benefits of zero trading fees? A lot of people like to think of trading and investing as a business. One of the costs of running the business is trade commissions by the broker. The commissions are charged per trade executed. Basically, if you can lower costs, you can improve your business and with zero trading fees, that’s one less cost to worry about.
Contract for difference (CFD) trading essentially gives traders the option of betting for the price of an equity to go up or down. Some brokers around the world only allow for buying certain assets, but with CFD trading, you have the additional option of going short (betting that the price will go down).
CFD trading synergizes well with the Bitcoin Digital app’s algo trading robot. More options for execution means more chances of implementing different winning strategies in trades. In theory, this can give users more options to try to beat the market.
Bitcoin Digital Claimed Success Rate
The Bitcoin Digital official site indicates an accuracy rate close to 99%. However, there are a few problems with this claim. One of the problems is that it is not directed at any particular aspect of the crypto robot’s trading. So it remains unclear as to how verifiable this statement is.
Aside from this, the Bitcoin Digital trading platform also claims up to 60% potential to earn in daily profits given the right market conditions. The company cannot promise this for all their assets, but it does at least give a figure that users can expect if they get the right trades done.
Overall, based on our Bitcoin Digital review research, we can say that there are chances of profits, but it is not guaranteed. Even the Bitcoin Digital site mentions that all trading carries risk and traders must exercise the responsible trading practices.
Bitcoin Digital Fees
Bitcoin Digital Fees
Based on the partner broker’s platform
Is Bitcoin Digital Legit or a Scam?
So far in our Bitcoin Digital review South Africa, the platform appears to be legitimate. Algorithmic trading bots have become more and more common, with the more powerful bots being used by large companies and institutions. For the Bitcoin Digital South Africa member, they can expect trading with the right tools available to retail traders.
Because the Bitcoin Digital crypto robot requires users to link the platform with a regulated broker, users will have to expect to use two separate interfaces. This may cause confusion, especially with reports of different trading bot clones that have been circulating the internet. For this Bitcoin Digital review, we advise you research before availing of the platform’s services.
Have Celebrities Endorsed Bitcoin Digital?
Billionaire shark and NBA Mavericks owner Mark Cuban has been popularly known to be a crypto fanatic. Tickets and merchandise for his team are planned to be available for purchase via dogecoin. Such conviction for cryptocurrencies isn’t widespread among billionaires of his class.
Retired American boxing superstar Mike Tyson has recently fueled an educational debate for frontrunner cryptocurrencies Bitcoin and Ethereum. In the past, the millionaire has been associated with bitcoin wallets and ATMs. It is likely that the celebrity is interested in new cryptocurrency opportunities for 2021.
Sir Richard Charles Nicholas Branson is an English business mogul, investor, and author. He is the founder of Virgin Group, a conglomerate of more than 400 companies in various fields. His presence in the crypto space has been plagued with controversy as to whether or not he has invested into crypto trading bots.
Calvin Cordozar Broadus Jr., professionally known as Snoop Dogg, is an American rapper, media personality, artist, and businessman. With the recent release of non-fungible tokens (NFTs) in the blockchain space, Snoop Dogg is known to be a celebrity NFT collector and influencer.
Oftentimes, cryptocurrency news is linked with the billionaire space-enthusiast Elon Musk. The blockchain asset in his latest tweets among other social media shares is the Ethereum based Shiba Coin (SHIB). The token has since surged to incredibly high prices – a testament to the magnanimous influence of the Tesla founder.
Several rumours have indicated that the above-mentioned celebrities are or have been associated with Bitcoin Digital South Africa. Based on the reports, there is just not enough evidence that shows any have been connected with the platform. The rumors remain unsubstantial and we cannot confirm that the Bitcoin Digital app is backed by any of these celebrities.
Bitcoin Digital Customer Support
Customer support for any trading platform must be consistent and easily accessible. Upon signing into the Bitcoin Digital platform, users can expect an email from a customer service agent. Their email looked personal and the agent appeared ready to help regarding any inquiries.
There have been several reviews that show positive feedback on the platform’s customer support as well, citing a friendly and helpful service. Supposedly, their support network is available 24 hours a day so members can send messages and contact agents at any time of the day.
How to Use Bitcoin Digital
In this portion of our Bitcoin Digital review South Africa, we will outline the steps you can take to use the Bitcoin Digital platform.
Step 1: Sign up for Bitcoin Digital
First, you’ll need to sign up for an account and become a member of the platform in order to enjoy the benefits and avail of the bot services. To sign up for Bitcoin Digital, simply fill out the sign up form with your name, contact information and email address.
Upon registration, you will receive an email from a customer service agent of an affiliate broker of the site. You should be able to view the customer portal wherein your username and password will be given. Take note not to share the password given. It is common and good practice to change your password when you first enter the platform.
Step 2: Make an initial deposit
Before you start trading, you need to fund your account. You can make your first deposit by clicking on the deposit button. Alternatively, an email may be sent to you that will give you a link to start depositing. To our knowledge, several payment methods such as credit card, debit card, and wire transfer are available. If you have more questions about payment, you may ask their customer support team.
The minimum deposit requirement is $250, so make sure you can meet this requirement before proceeding. This amount is just enough to be able to make decent profits and also not too big of an initial investment to start out with.
Step 3: Start live trading
Cryptoassets are highly volatile unregulated investment products.
After completing the first two steps, you should be able to see the entire platform itself and view the live market data. Browse through the site. Sometimes, the partner broker gives a guide on how to use the platform. After a few minutes of getting accustomed, you can start analyzing the prices and executing trades.
If you are looking to implement the Bitcoin Digital system, make sure to connect the partner broker platform by using their API. You should be able to perform this through just a click of a button. Again, you may refer to customer support if you need further assistance.
Step 4: Withdraw profits
After using the platform for a few days, you might find yourself with some profits. If you would like to withdraw some of your equity, simply find the withdraw button on the platform and wait for your funds to appear on your account. The reports have indicated that this can take just hours, but at latest, expect them to come in 1-2 days. So far, it seems there are no costs to withdrawal besides the exchange rate if you are looking to send the funds to a bank of a different currency.
Bitcoin Digital Pros & Cons
- Cost-efficient minimum deposit at just $250
- Bitcoin Digital crypto analyzes trades for you
- Automated algorithmic trading program
- Features multiple testimonials
- Compatible in many different countries
- Multiple payment methods
- No information on the founders
- No Mobile App
- Does not eliminate the risk involved in trading
Bitcoin Digital Review – Conclusion
If Bitcoin Digital’s testimonials and reports are correct, many of its members should expect good trading experiences.
Some claims remain unclear, and users must take them with a grain of salt. Similar sites might have the same claims, so we expect those who want to get in to do research before choosing what’s best for them. All in all, it seems the crypto trading bot can be a great tool for traders but it shouldn’t be the only one they use in their investing journey.
If you wish to begin using Bitcoin Digital, a minimum deposit of $250 is needed. Trade only with the amount you are willing to risk and remember that with any platform, success or profits can’t be guaranteed. The best thing you can do is to do your due diligence and trade responsibly.
Frequently Asked Questions on Bitcoin Digital
What is Bitcoin Digital?
Is Bitcoin Digital genuine?
Is Bitcoin Digital safe?
How much money can I make with Bitcoin Digital?
How does Bitcoin Digital work?