Bitcoin Bank Review: Is it a Legit or a Scam?

April 13, 2021

Have you ever wondered if you waited too long to invest in Bitcoin? Do you worry that it has become too difficult to trade and make money on the crypto markets? But is this true? Are you too late?

The answer is definitely not! Your timing is perfect. The Bitcoin price has kept growing and still offers both investors and traders outstanding returns when compared to other markets. The proof of this is the number of Bitcoin Millionaires in the world today. They have shown the incredible returns possible in the Bitcoin and Cryptocurrency Markets.

Trading has been shown to be one of the most profitable ways to earn consistent income from the crypto markets. This may sound like a daunting task, but trading platforms like Bitcoin Bank make it easier than ever before. In this review we are going to look at Bitcoin Bank.

What is Bitcoin Bank?

Bitcoin Bank is a state of the art trading system that is helping users trade profitably in the Bitcoin and crypto markets. The system has been built with the best technology to ensure safety, security and speed are all up to standard. The system allows users to trade on the crypto markets and use an autotrader.

The autotrader is one of the most anticipated features of the platform as it gives users a lot more freedom of how and when the trade. Bitcoin Bank allows users to set the trading sessions and the trading limits that the autotrader will use. This means the trader can stay in control of when and how much the automated system will trade even when they are away. This freedom allows people who work full time to trade with ease and without worry.

Is Bitcoin Bank a scam?

We have all heard of the scammers in the Bitcoin Markets. These crooks give many legit platforms like Bitcoin Bank a bad name. It can be complicated to tell which platforms are legit and which are complete scams. It is vital that you as the potential user of a platform, do your research before signing up. We can confirm that Bitcoin Bank is not legit. We found many articles and legit brokers who confirmed this.

What information to look out for?

Platform websites can often be filled with lots of information and data making it hard to find what you are looking for. But what exactly are you looking for?

You are looking for information that helps prove that these systems are safe or not. These are some of the common scams and what to lookout for. Here are what to look for and our findings for Bitcoin Bank:

Which brokers do they use?

Brokers are the people who process the actual trades. These people are well trained professionals who have to be registered, licensed and regulated with the market regulators to be able to process your trades and be a broker. A fake broker will not have a registration number or license number as these are hard to acquire and require a lot of due diligence.

These are the numbers issued to the broker by the regulating authority. These numbers are unique and can be checked on the regulating authorities website. These numbers help authorities catch and prosecute fake brokers.

Bitcoin Bank for example only uses registered brokers who are licensed. This gives its users peace of mind that their data is safe.

Can you contact them?

This may sound simple but it is a crucial element. Being able to contact and talk to their support team is a vital part of proving their legitimacy. Fake and fraudulent platforms will not want to contact you as this can lead to them getting caught. Try reach out to their support team in as many ways as possible and see their responses.

Bitcoin Bank has a very good and attentive support team. Their support team is available 24 hours a day, 5 days a week via telephone, email and in platform chat. This team is ready and able to assist you with any issues you may have.

Crypto Clubs and Ponzi Schemes

We have all heard of ponzi schemes. But there is a new type called Crypto Clubs. Crypto clubs are a common ponzi scheme that has caused many investors to lose a lot of money. These scams draw people in with fake and unrealistic returns. However, all the returns are fake or a facade. Another tactic they use is to limit when you can withdraw, examples “Invest now and withdraw in a year’s time”. A year down the line the company will be gone, and so will you money.

Bitcoin Bank is definitely not one of these platforms. You can withdraw your money at any time and it reflects in record times. The exact time does depend on where your bank account is based.

Fake Cryptocurrencies

Another popular scammers trick is to use fake currencies or fake ICO’s. It is vital to only take part in these offerings through registered and regulated brokers. These scammers draw on the public’s want to get in early and before the price rises. To buy the next Bitcoin while the price is still low. They then take your money and disappear leaving many devastated.

Unfortunately with the world of Cryptocurrency still relatively young, it can be hard to distinguish between the real and fake currencies. This is why it is crucial that you use registered brokers to assist you through the process.

Using Celebrities as ClickBait

Social Media and Social Advertising has been inundated with these scammers running fake ads using celebrities as clickbait. They target the celebrities followers saying that the celeb has invested in a cryptocurrency or endorsed a platform. Majority of these are fake and it is vital to do your research before signing up.

Bitcoin Bank is a legit platform. With Registered brokers who are licensed and regulated, they are far from a scam. They also used the latest security systems to ensure the users on their platform are safe from attack.

The Best Features of Bitcoin Bank

With so many platforms out there, the platform’s key features often separate it from the others. Features can make or break a platform as they can bring efficiency and profitability. We looked at the best features of Bitcoin Bank.

Here is what we found:

  • Security Systems: this system has been designed and built with some of the best security systems to secure your data and money and to keep out hackers and scammers. In a world where hackers and cyber theft are on the rise, this is a huge plus.
  • Signaling system: You can’t trade profitably with the wrong information. It is like trying to find a needle in a haystack. This is why we were impressed with the accuracy and precision of the Bitcoin Banks signalling system. The system is much better than its competition.
  • Automated Trading System: making money while you sleep is a huge plus to using Bitcoin Bank. Life is busy and if you can trade and potentially make profits while not even at your computer, then why not! This gives you a lot more freedom to do the things you enjoy, rather than staring at a screen all day.
  • Withdrawal system: if you can’t get your money out, what is the point of making profits? And this is the reason Bitcoin Bank brought in the experts to make requesting and processing your withdrawal easy. They have successfully built a 48-hour withdrawal system.
  • Customer Service: we all run into minor issues or need some assistance while trading. Bitcoin Bank has made sure that their customer service team is the best. The support team is available 24/5 via telephone, email and chat support to assist you. This is some of the best we have seen.
  • Costs & Fees: Bitcoin Bank has been upfront and clear with their fees, leaving no illusions of the user. It is great to see this level of transparency. They are also very affordable with no registration fee.

How to get started on Bitcoin Bank?

Getting started on Bitcoin Bank is easier than other platforms thanks to the streamlined process they use. This system means you will do everything online and will not have to fax information. Less time on paperwork means more time trading and making profits!

The team at Bitcoin Bank will also be in contact as soon as you sign up where your account manager will help you through the registration process. Yes, you read right. An account manager will be assigned to you as soon as you sign up. This shows Bitcoin Bank’s dedication to ensuring you are satisfied and taken care of.

Step one: Sign Up

The first step is as fast as filling out a form. You will need to fill in simple details like your name, email and phone number. This information will then be passed on to your account manager who will make contact with you shortly there-after. They will help you with the verification process required by the local authorities.

Your account manager will from then on be your direct form of contact. If you have questions or queries, you can contact them to answer and help you through the process.

Bitcoin Bank

Register through ICODATA and get a free account manager to help set up your account.

Step two: Make a Deposit

Making a deposit is the next crucial step as it gives you access to the entire platform. Often trading platforms require large deposits making it hard for people to get started in trading. Bitcoin Bank has worked hard to ensure their deposit is affordable. With their deposit being only Є250, it is easy for new traders to get started with only making the minimum deposit needed.

This deposit is added to your trading funds and allows the user to start trading with the money right away. We recommend starting with the minimum deposit and adding money when you start making profits.

Step three: Demo Trading

When you start using a new platform, you have to familiarize yourself with where items are and how to use the system. This can be frustrating when you are using real money. Even though Bitcoin Bank has a user friendly platform. You still need to find your way around.

They have combated this by designing a demo trading system that is exactly the same as the live trading system. Besides learning the system you can test out the autotrader, try out new strategies and more.

We recommend spending as much time as you need on the demo platform before you move to the live platform.

Step four: Live Trading

Live trading is where the system really comes alive. You can see how the platform has been put together to not only thrive but flourish in the fast paced crypto markets. This is a market where the speed and accuracy of the Bitcoin Bank platform shines.

Traders will also be able to use the automated trading platform to trade on the markets. Make sure to ask you account manager to help you setup your trading limits and trading sessions.

Our Verdict: Is Bitcoin Bank Legit?

We have reviewed and looked at a number of trading platforms. We found that Bitcoin Bank is certainly a top trading platform for new and experienced users who want to trade profitably.

The Platform is certainly legit showing its security and transparency. The Bitcoin Bank trading platform offers a 24/5 support team to its users to assist them in achieving their goals. The trading system also uses the best and most secure encryption technology to ensure your data and money are safe. They also only use registered brokers and avoid brokers that have scam warnings or shady histories.

The customer service team has put in considerable effort to make the signup process as easy and fast as possible. They have automated a lot of the process and assigned each user an account manager who can help guide them through the regulatory process. Their automatic trading system was great to see in action. It has been shown to be better than a lot of humans. And the time-saving capabilities are a great saving for its users. There have been reports of users making large profits while using the system.

The platform is certainly a great option for new and advanced users, with its exceptional customer service and easy to use system. This is a platform we would use!

Stop considering and sign up for Bitcoin Bank today!