Bitcoin Prime Review – Scam or Legit?

Bitcoin Prime is a Bitcoin trading robot that uses sophisticated AI algorithms to trade automatically on your behalf. The platform claims to have a 90% win rate and is completely free to use – you just pay a small commission on your profitable trades.

So, is this crypto trading platform worth your time? In our Bitcoin Prime review, we’ll cover everything you need to know about trading with a crypto robot in 2022 and reveal whether we were able to verify the lofty claims made by the platform.

Bitcoin Prime Summary

Let’s start off our Bitcoin Prime review with a quick rundown of everything you need to know about this crypto robot:

What is Bitcoin Prime?

Are you looking to buy cryptocurrency passively? Bitcoin Prime is a crypto robot. It’s a trading service that automatically monitors the cryptocurrency markets for trading opportunities. When it finds potentially profitable setups, Bitcoin Prime places a trade on your behalf. According to the website, up to 90% of the trades that Bitcoin Prime places are closed for a profit in optimal market conditions.

The success of Bitcoin Prime is dependent on its AI algorithm, which is capable of spotting price patterns and acting on them. While Bitcoin Prime doesn’t reveal the details of its algorithm, it looks for many of the tried and true technical patterns that traders around the world rely on to make money.

Bitcoin Prime is completely free to use. All you need to get started is a $250 initial deposit. The platform makes money by charging a 2% commission on profitable accounts. Until your trading account makes money, however, you won’t pay any commission.

Bitcoin Prime Pros & Cons

Cryptoassets are a highly volatile unregulated investment product. No UK or EU protection. Your capital is at risk. 

How Does Bitcoin Prime Work?

Bitcoin Prime works by tracking price movements in 14 different cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Bitcoin Gold, ZCash, Dash, Ethereum Classic, Cardano, IOTA, EOS, NEO, Binance Coin, and Ripple. So, there’s a decent amount of popular cryptocurrencies that Bitcoin Prime claims to be able to successfully trade.

When the algorithm spots a price pattern that it recognizes, it will trigger a trade. Bitcoin Prime will enter an order to your brokerage account, and then monitor the trade as it develops. When it’s time to exit the position, Bitcoin Prime will give the order to do so and all funds – including any profits – will be returned to your account (less a 2% commission for profitable accounts).

Bitcoin Prime claims to trade 24 hours a day, 7 days a week.

One of the nice things about Bitcoin Prime is that it provides plenty of educational resources as well as a demo account so you can learn how the algorithm works. While there’s not much work required to trade with Bitcoin Prime, you will need to optimize the algorithm’s parameters to be successful in different market conditions. 

Importantly, your funds are stored with a third-party broker. Bitcoin Prime can issue orders to execute trades using the funds in your account, but it cannot access your funds directly. This could provide a degree of safety when using this service, since only you have access to your money. You can withdraw your funds at any time and get paid out within a few hours.

If you’re on the hunt for a popular Bitcoin robot, why not read our in-depth Bitcoin Profit review as well.

Bitcoin Prime Key Features

Let’s take a look at some of the features that make Bitcoin Prime stand out from other Bitcoin robots:

Supports Bitcoin CFDs 

As one of the best Bitcoin robots, Bitcoin Prime lets you gain exposure to the volatile crypto market via BTC CFDs. These include both crypto crosses and currency crosses. 

It’s important to note that with the Bitcoin Prime App you will be speculating on the price movements of popular cryptos via CFDs. This means that you will not own the underlying assets but instead will be trading contracts for difference.  

The crypto robot trades many of these cryptos as CFDs against a range of other cryptos or fiat currencies. In all, Bitcoin Prime can trade more than 75 crypto-crypto and crypto-fiat CFD pairs.

This wide selection of trading pairs is important because it creates more opportunities for trading. Every crypto-crypto and crypto-fiat trading pair experiences unique price movements and has varying levels of volatility. So, even when the market is relatively slow, Bitcoin Prime should be able to identify and execute trades.

Deep Learning Algorithm

Bitcoin Prime says that it’s sophisticated AI algorithm uses deep learning to constantly improve its trading success. The algorithm learns from both successful trades and trades that turn a loss so that it can trade more consistently and profitably in the future.

According to the Bitcoin Prime website, the algorithm has achieved a success rate of up to 90% in most market conditions.

Demo Trading Mode

Bitcoin Prime offers a demo trading mode in addition to live trading. In fact, you can easily switch back and forth between demo and live trading at any time using a switch in your online account dashboard.

Demo trading is important because it gives you an opportunity to test out different parameters for Bitcoin Prime’s algorithm. For example, if the algorithm is yielding a success rate of only 70% on a given day, you can switch to demo mode, modify some of the parameters, and see what it takes to push the win rate closer to 90%. Once you’re satisfied with the algorithm’s performance, you can switch back to live trading.

According to Bitcoin Prime, it typically only takes around 30 minutes of demo trading to identify the best algorithm parameters for any market conditions.

News Trading

Bitcoin Prime’s trading algorithm also claims to monitor market news feeds to stay one step ahead of the market. The platform looks for news that could significantly impact the price of any cryptocurrency or fiat currency and then issues trades around that news.

News-based trades can be very successful since Bitcoin Prime’s algorithm is able to react faster than most human traders.

Broker Partners

Ever wondered if there was another way to gain exposure to the crypto market without going through a crypto exchange? Bitcoin Prime works with third-party brokers to hold the funds in your account and execute trades. According to the site, available broker partners offer the 75+ CFDs that Bitcoin Prime trades and don’t charge excessive trading fees. When you sign up for Bitcoin Prime, you will automatically be assigned one of several partner brokers based on your location.

Bitcoin Prime Price & Fees

Bitcoin Prime is free to get started with. The platform charges a 2% commission on trades for profitable accounts only. If your account has yet to make money, Bitcoin Prime won’t charge any commission.

The platform doesn’t charge deposit fees and there are no withdrawal fees for your first 10 withdrawals each month. After the 10th withdrawal, Bitcoin Prime charges a 0.1% transaction fee per withdrawal.

Note that your broker may have additional fees for deposits, withdrawals, or trading. These fees are set by your broker and are not charged by Bitcoin Prime.

Here’s a rundown of all the fees our Bitcoin Prime review turned up:

Trading Fees	2% (profitable accounts only)
Account Fees	None
Deposit/Withdrawal Fees	10 free withdrawals per month, then 1%
Minimum Deposit	$250

Is Bitcoin Prime a Scam? 

One of the key questions we wanted to address with our Bitcoin Prime review is, is Bitcoin Prime a scam? 

Bitcoin Prime’s unverified win rate of 90% is in line with what similar cryptocurrency trading robots have achieved. However, we were not able to independently verify the claims made by the bitcoin trading platform. please keep in mind that all trading and crypto investments come with risks and potential losses. Only invest capital that you can afford to lose. 

The platform is well-reviewed on sites like TrustPilot in addition to testimonials offered by Bitcoin Prime itself, but we strongly recommend to do your research and weigh up the potential risks before signing up and depositing money into the platform.

Bitcoin Prime Minimum Deposit

Bitcoin Prime requires a minimum deposit of $250 in order to get started. This money is the seed money you need to open a brokerage account. It’s also the money that Bitcoin Prime’s algorithm will use to begin growing your account.

You can withdraw your initial deposit to Bitcoin Prime at any time with no penalties if you’re not satisfied with the platform.

Bitcoin Prime Customer Support

Bitcoin Prime enables you to get in touch by email at any time. Once you sign up, you will be assigned a dedicated account manager who will walk you through how to use the software. Your account manager is a valuable resource for learning how to modify Bitcoin Prime’s parameters to optimize the algorithm.

If you’re enjoying this Bitcoin Prime review, you could also check out our NFT Profit review, and our Bitcoin Evolution review.

Bitcoin Prime Trading Platform

According to the Bitcoin Prime website, it claims to offer a powerful and intuitive trading platform with a user-friendly design. It’s available on both desktop and mobile so you can use it on a device of your choosing, whether than be a PC, iPhone, Android mobile, or tablet.

Bitcoin Prime also says it’s trading platform is integrated with MetaTrader 4 (MT4). MT4 is one of the world’s most popular trading platforms and provides a vast array of technical analysis tools.

How to Use Bitcoin Prime 

Ready to get started with Bitcoin Prime? We’ll show you how you can sign up and start trading in just a few easy steps:

Step 1: Sign Up for Bitcoin Prime

The first step to using Bitcoin Prime is to sign up. Head to Bitcoin Prime’s website and click ‘Sign Up.’ Then enter your name, email address, and phone number to register.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

Bitcoin Prime will automatically assign you to one of its partner brokers. You’ll need to submit a copy of your driver’s license or passport to verify your identity and complete your brokerage account setup.

Step 2: Deposit Funds

Once your accounts are set up, you must make an initial deposit of at least $250. Accepted payment methods vary by broker, but most of Bitcoin Prime’s partners accept debit cards, credit cards, and bank transfers. 

Step 3: Optimize Bitcoin Prime

Your new Bitcoin Prime account is set to demo mode by default when you first log in. This is your chance to learn how the software works and play around with the algorithm parameters. According to Bitcoin Prime, optimizing the software only takes around 30 minutes for most users. 

Step 4: Start Live Trading

Once you’re happy with how Bitcoin Prime is performing in demo mode, you can activate live trading. Now, Bitcoin Prime will deliver orders to your brokerage for live execution using the money in your trading account. Remember, however, that we couldn’t very the claims made by Bitcoin Prime, so there’s a risk of losing money.

The Verdict

Bitcoin Prime is a crypto trading robot that claims to be capable of 24/7 automated trading in 14 different crypto markets. According to the site itself, the software uses deep learning to constantly improve its trading performance. There are no account fees for using Bitcoin Prime, but profitable traders will pay a 2% commission in exchange for the platform’s help.

Ready to give Bitcoin Prime a try for yourself? If you want to sign up today to see how it can support your crypto trading strategy, you can click the link below to visit the Bitcoin Prime website.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

Frequently Asked Questions on Bitcoin Prime