Cryptocurrency trading has been gaining popularity every day. And this is the reason the need for different trading platforms has emerged. BitIQ is one of the crypto trading platforms that use automated trading bots. When it comes to winning rate, the platform claims that it has a 90% winning rate.
But is BitIQ right for you? Should you use BitIQ, or are there other platforms that you can give a shot at? According to many BitIQ reviews, the platform is legit and safe to use. And most importantly, the platform will give you a significant amount of profit. Let’s learn about this platform.
What Is BitIQ?
In simple words, it is an automated cryptocurrency trading platform. With the help of this robot, you can set the platform, and when you are not there, the platform automatically trades and executes orders for you. The platform is run by complex algorithms, artificial intelligence, and machine learning. And it analyzes and monitors the market 24*7 so that the platform has access to all sorts of data that a trade needs before.
The platform claims that it can provide a 90% success rate. But we all know about the crypto market and how volatile the market is, so sometimes it is nearly impossible to tell a particular success rate because when and how the market works can not be understood with only calculation. The daily return rate is around 25%.
The platform is designed so beautifully that both advance and beginner traders can use the platform smoothly. When it comes to beginners, you can set the settings in advance and then wait for the result to come out. And for the people who have experience in the crypto market and trading, they can manually trade in the middle of the trading.
You must know that there are no fees that you need to pay. The only cost that the platform charges from you are 2% commission on profits. Also, advanced traders can customize the settings, and according to the market condition, they can change the settings as well. But you need to deposit $250 before starting trading on this platform. This is a one-time deposit that you need to pay.
BitIQ Owner
From the beginning of this platform, there has been no clear data or information about the owners of this platform. There are some conflicts on the platform’s website, but the firm confirmed that there were people from a similar industry who made this trading platform to make the journey east for so many people.
BitIQ Pros and Cons
When there are so many different and similar platforms at the same time, it is difficult to choose only one. In that case, you need to compare all the pros and cons, and then it will be easy to decide which platform to choose. Here are the pros of this platform that you will find.
Pros
- The platform supports 14 different cryptocurrencies. You can find other similar platforms where you can trade Bitcoin automatically, but only Bitcoin or some other cryptos. But here, you will be able to trade 14 cryptocurrencies that increase the possibility of making a significant amount of profit.
- The platform claims that it can give you a minimum of 25% ROI, and it is not in total. You can make 25% daily. And the number is huge.
- In the beginning, there is a deposit amount of $250. Other than that, you don’t need to pay any charges or fees if you are unable to make a profit. Only if you make a profit, there is a 2% commission on that only.
- The platform is simple and easy to use. The platform is famous for its user-friendliness, and beginners find it attractive.
- There is no trading experience that you need before starting to trade on this platform. All you need is basic knowledge about cryptocurrency, and $250, that’s it. Knowledge and experience in cryptocurrency trading are advantages.
Cons
- The platform claims to give a 90% success rate and 25% ROI every day. Both of these claims are kind of impossible to say. Also, these can not be verified.
- You need to deposit a minimum of $250. You can’t progress without it. So, you need to have money before you can start trading.
- The platform can not be used from all over the world because there are such locations where this platform is unavailable.
- When it comes to customer reviews, TrustPilot shows us that the customer review is not that much good.
BitIQ Features
Here are the features that make this platform so famous in the crypto community.
Let’s find out.
1. Supported Cryptocurrencies
This is one of the best features that the platform offers to users. Most automated trading bots give the opportunity to trade only Bitcoin. A couple of other trading platforms allow Ethereum or Litecoin. But BitIQ offers 14 different cryptocurrencies. And it is an advantage for us that we can make a significant amount of profit.
2. Win Rate
Though there are controversies regarding the win rate and how this is quite impossible to reach, when the company claims to provide 90%, then there must be some logical statements against this. Also, if it claims to give 90%, then the possibility is higher than other platforms.
3. Fast Withdrawals
If you have experience in using other similar platforms, you will see that most platforms take a total of 48 hours to complete your withdrawals. But, here, you will have to wait a maximum of 24 hours, and then you can transact the amount in your bank account. After all, this is the profit that you have made.
4. Demo Trading
This is a feature that you will find on other platforms as well. A demo account is important for new users to understand a platform and how it runs. Otherwise, it will be difficult for them to understand and manage the platform.
Final Words
So, as of now, BitIQ has not any bad reputation or anything. If you are looking for a platform where you can start, then you will find a lot of platforms. But, if you want to trade a lot of different cryptocurrencies, then you have to rely on this platform because you will not find other platforms with 14 cryptocurrencies.
If you have any other questions, feel free to let us know in the comment section below. Thank You.
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