BitQT Review: What is BitQT? Is it legit or scam?
When we talk about cryptocurrencies, Bitcoin is the first that comes to mind. Bitcoin is a peer-to-peer digital currency which operates free of any central control or the oversight of banks or governments. Bitcoin was created over the concept of blockchain technology. Later more projects based on blockchain technology were introduced and they were called cryptocurrencies, as all records and transactions in cryptocurrency are verified using cryptography.
Cryptocurrencies are highly volatile because their price fluctuation depends on supply and demand. Since few large investors own large volumes of crypto, their trade decisions can make the crypto market more vulnerable. This volatility allows traders to make money by holding a long or short position.
What is BitQT?
Traders are using an automated system to make more money with ease. Here BitQT comes into the picture. BitQT is a cryptocurrency auto trading robot that aids users in trading in the crypto market. Using artificial (AI) intelligence and machine learning (ML) models BitQT scans the crypto market and identifies the most profitable trades for you. BitQT devoid of human emotions can buy, sell and execute the trade with little human interference. It can also set market limits, including stop loss and take profit levels.
BitQT claims its trading forecast guarantees 90% success rate. One of the downsides of BitQT is there is not any information on the group of individuals behind the trading bot. However, it is not unusual in the crypto space, given tight regulations in certain countries.
BitQT says it works in collaboration with certain brokers to gain some credibility. Once BitQT’s auto trading robots identify profitable market entry and exit points, these crypto traders are responsible for executing trades. So it is a combined effort of bots and brokers to execute a successful profitable BitQT trade.
The BitQT platform is user-friendly and properly streamlined, but you can trade only crypto CFDs on BitQT. A CFD (contract for difference) is a financial derivative product which allows users to trade without owning the asset. The user makes a profit by predicting the price movement of their chosen currency whether it will fall or rise and the correct prediction will earn them a profit. When you buy Ethereum on BitQT you’re buying CFD not Ether itself.
As mentioned earlier BitQT scans the market using AI and ML models for profitable trade opportunities and executes buy and sell orders of digital assets on your behalf. These strategies are largely driven by preset lines of codes that allow the BitQT protocol to consider an asset’s technical and fundamental details.
Once the crypto trading bot identifies a profitable trading opportunity it sends the transaction to one of the crypto partners to execute a trade. Once the order is placed and BitQT monitors the trade to make sure you profit by deploying high-frequency trading (HFT) strategies. BitQT also uses strategies like scalping and short selling to make profits from price movements as reviewed by Business 2 Community. This is how BitQT ensures that investor makes passive income by taking much less stress.
It’s tough for a cryptocurrency trader to make money out of it. BitQT claims to have features that minimize a trader’s efforts and help generate a passive income. Let’s go through the BitQT features
BitQT offers a simple and user-friendly experience. The registration requires email, phone and password thus streamlining the process without much hassle.
Single Payment Structure
Users can make a minimum deposit of $250 including all charges. This sum provides liquidity for the trading bot to scan the market for profitable ideas.
BitQT uses AI and ML to reach its financial targets on behalf of its investors. BitQT can identify profitable trading opportunities faster than a human being and as they lack human emotion can make a calculated decision of trade and execute without a second thought.
To get started with BitQT you need to deposit a minimum of $250 and in a couple of seconds, all of it will appear on your account. BitQT does not take any commission, deposit or withdrawal fees and the capital you make from your deposit with the relevant brokers most likely will be credited to your account. Remember that you might be subjected to fees from the brokers after paying this deposit. These include trading and account management fees.
BitQT Claimed Success Rate
BitQT claims a 90% winning rate, i.e. if the trading bot makes 1000 trades then 990 will end up in gains, it is very appealing to the investors.
We couldn’t verify the success rate and would recommend investors exercise caution when trading cryptocurrencies as all trading carries risk.
As we have talked about the pros of BitQT let’s get to the cons of this popular auto trading bot platform.
BitQT Development Team
It has come to your attention from other reviews as well that no one has been able to point out the BitQT development team behind the project. This leaves a lot of room for questionable conduct.
BitQT Customer Support
BitQT claims to have the best customer service in the industry but its website lacks live chat or phone assistance. The only features available on the website are email and skype.
With the increase in cryptocurrencies and the crypto market more people are drawn into generating passive incomes from coins. This is why trading bots are getting popular because they reduce a trader’s burden of market research burden and automate the trading process hence ensuring more profits with ease.
BitQT is one of the popular trading bot platforms which uses AI and ML for the high success rate of 90%. However, it is an unverified claim and apart from that we came across certain cons of this platform as the development team behind this project is anonymous and this platform’s customer support is not proactive as claimed.
We have shared with you all the necessary information about the platform so that you can make an informed decision about your investments and we ask our readers and traders to exercise caution when using BitQT.
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Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.