Home BitQT Review – Is it a Scam or Legit?

BitQT is an automated Bitcoin trading robot that buys and sells digital currencies on behalf of its customers. There is no requirement to download or install any software – as all trades are carried out by the BitQT algorithm.

In this BitQT review, we explore whether this trading robot is legit and if it is – what sort of returns it could potentially make.

What is BitQT?

BitQT review 2021In its most basic form, BitQT offers a native trading system that will buy and sell cryptocurrencies like Bitcoin in an automated manner. The software itself has been built from the ground up – meaning it is proprietary to BitQT.

The team at BitQT explains that the automated software is backed by a number of emerging technologies – including the likes of artificial intelligence (AI) and Natural Language Processing (NLP). This is what allows the underlying robot to trade in a 100% autonomous manner.

From your perspective as a user of BitQT, there is no requirement to have any knowledge of Bitcoin of the wider digital asset markets. On the contrary, BitQT offers a simple and burden-free website that allows you to benefit from the autonomous nature of the crypto robot in just a few clicks.

In fact, in order to allow the BitQT robot to trade for you, it’s just a case of opening an account and meeting a minimum deposit of $250. Our BitQT review found that there is no one-off or ongoing fee to use the software – so it’s just the aforementioned deposit that needs to be met and you are good to go.

BitQT Pros and Cons?

Our BitQT review found that the provider’s trading robot offers the following benefits and drawbacks.

Pros
  • Claims the robot has a win rate in excess of 90%
  • No fees to use the robot
  • A minimum deposit of just $250 is required to get started
  • No experience of trading or cryptocurrencies necessary
  • Offers a mobile app
  • The robot trades 24/7

Cons

  • No way to verify the win rate claims made by BitQT

Your capital is at risk.

 

BitQT Services

The main service offered by BitQT is the usage of its native trading robot. The platform does not offer any other products or services, which ensures that the team at BitQT is 100% focused on its trading software.

How Does BitQT Work?

If you’re completely new to automated Bitcoin robots – this section of our BitQT review will explain how the platform works.

Step 1: Register an Account With BitQT

The first required is to visit the BitQT website and look out for the signup form at the top of the homepage. To open an account with the provider, you will need to provide some personal information.

how does BitQT work?

This includes your first and last name, email address, and telephone number. You will also need to read through the terms and conditions before clicking on the ‘Register Now’ button.

Step 2: Complete Brokerage Registration

Once you have filled out the aforementioned signup form, you will receive a confirmation email from BitQT explaining that your account has been opened. Next, you will be prompted to open a brokerage account with one of its partnered cryptocurrency trading platforms.

This is an important part of the setup process, as you only be able to use the BitQT robot if you have an active cryptocurrency trading account. That is to say, the robot will be placing buy and sell orders for you – which it needs to do via a suitable broker.

In terms of which broker you will be redirected to, this depends on your country of residence. BitQT does, however, note that it is only partnered with legitimate and licensed platforms. Nevertheless, you will need to complete the brokerage account process by entering your personal information and contact details.

Step 3: Make a Deposit

If you want to try and make some money from the BitQT robot, you will need to deposit funds into your account. The deposit will be processed by the brokerage site that you joined in Step 2. Our BitQT review found that the vast majority of platforms accept Visa, MasterCard, and several e-wallets.

You will also be able to deposit funds by making a bank transfer – but this payment method is not instantly processed. As noted earlier, the minimum deposit to be eligible to use the BitQT robot is $250. Once you make the deposit, BitQT will give you unfettered access to its robot.

Step 4: Check Robot Settings

Before activating the BitQT robot, it’s a good idea to have a quick look at the underlying settings. This will include settings such as how much risk the robot takes, what markets it trades, and whether or not it should apply leverage to new positions.

BitQT app review 2021

If you have a bit of trading experience then you should find it easy to adjust the settings so that they are more aligned with your financial objectives. However, if you’re a complete novice, BitQT explains that you can leave the settings as they are.

Step 5: Activate Robot

Once you are happy with the pre-installed settings, you can proceed to activate the robot. In doing so, it will begin trading Bitcoin and other digital currencies around the clock.

With that said, our BitQT review found that the provider also allows you to trade in demo mode for as long as you wish. This is well worth considering – at least for the first few days. After all, you will be able to see how the BitQT robot is able to perform in live market conditions without needing to risk any of the capital you deposited.

When you are confident that the robot is ready to hit the real trading markets, you can activate it from within your BitQT account.

Step 6: Withdrawals

If at any point you wish to cash your money out, you can do this at the click of a button via your brokerage account. In most instances, it’s just a case of logging in and requesting a withdrawal – and the broker should process this within 24 hours. Processing times will vary depending on the broker you joined.

BitQT Success Rate

Our BitQT review found that the platform offers some insight into its trading success. According to the team at BitQT, its underlying trading robot averages a win rate of 90% “under the right market conditions”. In simple terms, this means that for every 1,000 positions the BitQT robot enters, 900 will return a profit.

BitQT win rate

In terms of how this translates into an ROI (Return on Investment), our BitQT app review found that the platform claims a figure of up to 60% in daily proceeds. Although this does sound high, BitQT is home to positive reviews in the public domain. There is, however, no guarantee that you will make any profit at all – so tread with caution.

BitQT Fees

Our BitQT app review was surprised to learn that the robot can be accessed on a fee-free basis – irrespective of how much you decide to deposit.

This is because the provider claims that the underlying software is still in Beta mode and thus – the robot will remain free for at least the next two years. After that, BitQT will likely introduce a license fee – which will potentially be charged on a monthly basis.

You do need to remember that certain trading commissions might come into play when the BitQT robot places orders at your partnered broker. This is industry-standing, as brokers are in the business of making money.

Is BitQT a Scam?

When reviewing trading robot systems like BitQT, we came across a number of providers that look somewhat shady. This is just the nature of the cryptocurrency trading scene – whereby a small number of parties are clearly selling automated robots through aggressive profit-based marketing strategies.

However, from the research we have compiled, there is no reason to believe that BitQT is a scam. Not only has the provider been active in this space for over five years, but reviews available in the public domain tend to sway towards positive territory.

what is BitQT robot?

Once again, it is important to remember that legitimate or not – there is no guarantee that you will make money by using the BitQT robot. On the contrary, there is every chance that you will lose some or even all of your invested capital. As such, always do your homework and be sure to start off in demo mode.

BitQT App?

If you prefer to keep tabs on your financial investments on your mobile phone – you will be pleased to learn that BitQT offers a native mobile app. This allows you to view how the robot is performing in real-time – no matter where you are located.

In order to gain access to the application, our BitQT review found that you first need to register with the provider. Then, when you receive an email from BitQT confirming your account registration, you will be provided with the download link. The BitQT app is available on both iOS and Android devices.

BitQT Payments & Withdrawals

As we covered earlier in our BitQT review, payments are not handled by the robot provider. Instead, all deposits and withdrawals must be facilitated by the broker that you are partnered with. As BitQT only deals with licensed trading platforms, this ensures that you will have access to a number of convenient payment types.

is BitQT a scam?

In most cases, this includes a debit/credit card or bank wire. Some providers also support popular e-wallets like Paypal and Skrill.

BitQT Minimum Deposit

The minimum deposit required by the team at BitQT is $250 – or your local currency equivalent. As soon as you deposit the funds into the brokerage account that you are partnered with, you will be eligible to start using the BitQT robot.

BitQT Customer Support

Our BitQT review found that the platform offers customers support around the clock on a 24/7 basis. You can speak with an agent in real-time via live chat or telephone.

You can also send an email to [email protected] or make contact via Skype – using ID: BitQT

How to Use BitQT

If you are looking for a comprehensive walkthrough of how to use the BitQT robot – you can scroll up to our section ‘How Does BitQT Work?’.

To recap, below we offer a quickfire guide on how to get started with BitQT in less than 10 minutes.

  1. Register with BitQT by providing your full name, email address, and mobile number
  2. Open an account with the regulated brokerage site you are partnered with
  3. Deposit funds – ensuring you meet a minimum of $250 (or local currency equivalent)
  4. Test the BitQT robot in demo mode
  5. Activate the BitQT robot when you want it to start trading with real money

As you can see from the above walkthrough – the process of getting started with BitQT is both simple and fast.

The Verdict – Start Trading with BitQT Today

If you’re keen to trade Bitcoin and other cryptocurrencies but you don’t have the time or experience to consistently outperform the market yourself – robots like BitQT are well worth considering. Everything is completely automated – so once you meet the minimum deposit requirement of $250 – you are good to go.

Ready to start trading with BitQT? Click the link below to get started trading Bitcoin and other top cryptocurrencies today!

BitQT review 2021

There is no guarantee you will make a profit when using this provider. Proceed at your own risk.  

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Michael Graw

Michael Graw

Michael is an experienced freelance journalist and writer based in Washington. His core expertise includes finance, trading and technology. His work has been published on various websites that are prominent in the financial space. These cover the intersection of markets, global news and new emerging technology. In addition, he holds a Ph.D. in Oceanography from Oregon State University and has worked with environmental non-profit organisations across the US to help bridge the gap between scientific research and coastal communities. Other publications that Michael has written for include TechRadar, Tom’s Guide, StockApps, and LearnBonds.