After evaluating several variables in this Bit Index AI review, we think the vast array of cryptocurrency and FOREX trading choices available on the program is extremely appealing. The tool caters to both, advanced and novice traders to increase profits in the crypto and FOREX markets.
What Is Bit Index Ai?
Bit Index AI is a cryptocurrency trading system that assesses current cryptocurrency price charts and other technical indicators using artificial intelligence, allowing you to place potentially profitable trades with assets like Bitcoin and Ethereum.
To achieve this, the program searches the available cryptocurrency marketplaces for optimum entry and exit prices. By monitoring and examining the cryptocurrency markets for profitable trade, Bit Index AI essentially brings down the barriers to entry in a traditionally confusing and volatile market, especially for new traders.
Additionally, for experienced traders, Bit Index AI offers manual trading. Upon provision of the specific variables you want the bot to use when trading, the bot surveys the markets for opportunities to execute the trade efficiently.
Bit Index Ai Pros and Cons
- Bit Index AI claims a win rate of 85%
- Free personal account manager
- Operational in 150+ Countries
- Free Demo Account
- Automatic Trade Execution
- Instant Withdrawals
- 24/7 Customer Support
- No Transaction Fees or Hidden Charges
- SSL & TLS Data Encryption Protocols
- Unavailable to US citizens
- Phone Call KYC mandatory
- Lack of Social Trading
Is Bit Index Ai legit?
Bit Index AI works specifically to analyse technical signals and other news sources that may have an impact on the price of an asset in the future. Furthermore, Bit Index AI is a fairly open platform to use since there are no additional fees or deposits needed.
It can be difficult for traders to find a reliable trading bot because there are so many options available especially with a majority being scams. Therefore, we have done our best to verify Bit Index AI’s legitimacy by doing our due diligence. Based on our research and going over scores of reviews by users, Bit Index AI appears to be a reliable bot that has been integrated with brokers that are FCA- and CySEC-licensed.
To prevent hackers from accessing your data and email, your Bit Index AI account is also fully encrypted. Additionally, it has hundreds of active members in more than 100 countries. As a trader, you shouldn’t completely rely on Bit Index AI to manage your trades because, like most bots, there is no guarantee you will make money. You could lose money along your trading journey when using Bit Index AI, especially if you don’t have a sound approach and a critical eye when monitoring your operations.
How Does Bit Index AI Work?
The Bit Index AI program uses a variety of trading strategies, including Williams, Stoch, Trend, and MACD indicators, to analyze the markets.
The Bit Index AI system reads market data, analyzes it, and identifies significant links between different variables or types of data, such as price, volume, money movement, etc. These correlations are noted as patterns and are checked against historical data.
In addition to technical indications, the Bit Index AI uses fundamental analysis via social media posts and news feeds to predict price movements. Additionally, the trading platform allots 20 minutes each day to evaluate potential price changes.
Bit Index Ai Overview
Platform Type – Client Browser-Based Trading Platform
Minimum Deposit – $250
Fees – 0.01% per trade
Alleged Success Rate – 85%
No. of Supported Cryptocurrencies – 13
Supported Cryptocurrencies – BTC, LTC, ETH, BCH
Supported Fiats – USD, EUR, AUD, CAD
Deposit & Withdrawal Fees – None
Demo Account – Yes
User Data Encryption – Yes (AES 256-bit)
Regulations – CySEC
Leverage – 1:100
Key Features of Bit Index AI
Free Demo Trading Account
Another crucial component of your Bit Index AI account is that both novice and experienced traders can test out in demo trading. By using this as a trading account, users can trade virtual currencies and invest in the cryptocurrency markets without having to use actual money, similar to paper trading.
Additionally, the demo account simulates natural market conditions and matches the live trading account. Traders can use this feature to learn more about Bit Index AI’s workings. Users can deposit money and start investing on the live trading platform after they are comfortable with the platform.
Dedicated Account Manager and 24/7 Customer Support
Users of the platform will have access to all essential assistance when trading. Customers can resolve their issues by getting in touch with the customer service team, which is accessible every day of the week, 24/7.
Additionally, Bit Index AI offers users completely free personal account managers who are always available to help with any questions or issues related to their accounts. Either live chat or email can be used to contact the customer service team.
Customisable Trading Parameters
Users who wish to manage their trades themselves have full customization options for the Bit Index AI dashboard. Advanced traders can decide which signals and methods to employ given market conditions. Beginners can utilise the completely automatic trading mode and depend on the algorithm of the bot.
Leverage trading is one of the main provisions of Bit Index AI. By using leverage up to 1:100 with this facility, consumers can raise exposure to their trades. However to be noted that leverage on an already volatile asset entails a very high level of risk, especially for novice traders.
How to Use Bit Index AI – Step-by-Step Guide
Step 1: Open an account
Sign up via the form at the top of this page to create an account. To proceed, users must enter their full name, email address, and phone number.
Step 2: Verify your Account
After registering the profile, the customer will receive a call from an activation professional. After verification, the user must book a future appointment to validate their account.
Step 3: Make a Deposit
Users must deposit a minimum of $250 before starting trading with Bit Index AI. Traders are also free to invest using any of the platform’s accepted payment methods. These include credit/debit cards, bank transfers, Neteller, MasterCard, and VISA.
Step4: Monitor Trading Bot
Users must customize the system and choose how they want to trade the available cryptocurrencies once they are ready to start trading using Bit Index AI. Users only need to click the “Trade” button on the menu to begin. Be sure to plan and modify your strategy, and think about using stop-loss and take-profit orders to limit any potential losses.
Bit Index AI vs other Trading Robots
Bit Index Al only requires a small $250 deposit to begin trading. – Other platforms require significant deposits before trading can begin. There is a risk of larger capital loss as a result of this.
Bit Index Al has an impressive success rate of 85%. – That is lower compared to other bots like Immediate Edge (99%), Bitcoin Prime (90%), and Bitcoin Code (99.4%).
Bit Index Al has a relatively simple KYC. – Other trading programs mandate users to provide large amounts of personal process information for registration.
Can you make money with Bit Index AI?
Because of the extreme volatility of the cryptocurrency market, it is difficult for us to estimate how much money you will be able to make in this Bit Index AI review. But it all relies on how much money you put in and how effective your trading methods are. Our analysis and bot comparisons show that you can recover more than 90% of your initial investment.
Remember that using Bit Index AI to make money requires more than just setting up an account and having the bot do all the work. You must invest time to research the market and create effective and reliable trading strategies.
Tips for new traders
It is advised to begin utilizing the bot’s demo account as a novice trader in the bitcoin market so you can become completely familiar with how it functions and assess your degree of expertise without the capital downside. So, after your deposit has been verified, take some time to look around the program before entering the live market.
Even computer programs have their moments of error. Use stop losses consistently per your risk management plan. Your lot size, leverage, and stop loss should be determined by this.
Has Bit Index AI Been Endorsed by Celebrities?
Celebrities like Elon Musk hold incredible sway over retail investors who are more involved in the market than ever before. Unfortunately, our team found no clue or evidence of an Elon endorsement of Bit Index AI.
Panellists of the British show Dragons Den, Peter Jones and Deborah Meaden, have a massive pull in the space as well. Unfortunately, we didn’t find any connection between them and the platform either.
Gordon Ramsey’s endorsement would count for a lot as well. He is a global celebrity, popularly called the king of food. Unfortunately, his alleged endorsement for Bit Index AI is a mere unbacked rumour.
Is It Possible to Withdraw Earnings?
Bit Index AI software allows users to withdraw profits anytime they prefer. They ensure that these requests are processed in less than 24 hours.
What are the fees for Bit Index AI?
Bit Index AI is among the few crypto trading platforms that do not require users to pay any fees to trade. There are no hidden charges either. Additionally, the crypto trading platform charges no fees on deposits and withdrawals.
Is basic crypto trading knowledge required to use Bit Index AI?
By no means do you need to be an expert in the field, however, basic knowledge of the crypto space is critical to using the bot.
How can I unfreeze my Bit Index AI account?
Contact the bot’s support service right away. You will be asked to fill in a request form and participate in the KYC verification procedure to guarantee traders’ safety.
Is Bit Index AI a scam?
Bit Index AI is a legitimate trading bot that uses CySEC-licensed brokers, who are extremely reliable.
Is there any risk associated with using Bit Index AI?
In addition to being unregulated, Bit Index AI collaborates with unregulated brokers and exchanges. Always invest only what you can afford to lose because the majority of crypto trading bots are unregulated and that involves a certain degree of risk.