If you have an interest in cryptocurrency trading but you do not have any previous trading experience or the necessary time to learn how to trade – then a Bitcoin automated trading platform like British Bitcoin Profit could be a great way for you to start with. This guide will help you find out if this is the right automated trading robot for you. We’ll explore the pros and cons of British Bitcoin Profit, the accuracy rate, fees, find out if it’s legit, and more. What is British Bitcoin Profit? British Bitcoin Profit is a bitcoin trading robot that uses the most advanced programming languages in the trading world in order to place orders in the crypto markets ahead of other participants by 0.01 seconds. The software, which was developed by top programmers and traders, claims to have a high accuracy rate when scanning the crypto market and placing thousands of orders at the same time for all of its clients. According to British Bitcoin Profit, users don’t need to follow the markets and can simply spend an average of 20 minutes a day or less to monitor the robot’s trading performance. Essentially, the British Bitcoin Profit robot uses high-frequency trading techniques to make small profits by inserting a large number of trades in a second. For those unaware, high-frequency trading (HFT) is a way of trading that uses sophisticated trading algorithms and powerful computing machines to place a large number of orders in fractions of a”‹ second or millisecond and detect successful trades based on a certain statistical algorithm. British Bitcoin Profit Pros & Cons Before you make a decision to invest in British Bitcoin Profit, we suggest you check the pros and cons of using this cryptocurrency automated trading robot. British Bitcoin Profit Pros: Claims that members typically profit a minimum of $1100 per day Operates in collaboration with regulated and authorized brokers in your country You do not need to pay any fee to use the software British Bitcoin Profit has good reviews online A minimum deposit requirement of just $250 High accuracy rate – One of the best bitcoin robots in terms of success rate British Bitcoin Profit Cons: You cannot contact the British Bitcoin Profit support team. Customer support is only available with the assigned broker Visit British Bitcoin Profit British Bitcoin Profit Services The main service that British Bitcoin Profit offers is that it allows investors to use its automated trading software through one of its partner brokers’ platforms. This means you’ll be able to trade cryptocurrencies like Bitcoin, Dogecoin, Ripple, and other popular digital assets using the British Bitcoin Profit system that places hundreds of orders per one trading day for you. How Does British Bitcoin Profit Work? Much like other automated crypto trading robots, British Bitcoin Profit is a software company that connects its users with regulated crypto brokers that are authorized to collect funds and place market and limit orders for their clients. As such, in order to be able to use the British Bitcoin Profit automated system, you are required to follow the steps below. Step 1: Open an Account The first thing you need to do is to visit the British Bitcoin Profit official website and register as a member. Upon visiting the site, you’ll see a registration form where you’ll be asked to insert your first and last name, email address, and phone number. Then, simply click on the Register Now button. Step 2: Open a Brokerage Trading Account and Make a Deposit At the next step, you’ll be transferred to one of the British Bitcoin Profit partner brokers. Then, you are required to sign up for an online trading account by submitting your personal details and verify your identity. Once the broker approves your account, you can add funds to your account in order to be able to activate the software. Step 3: Test British Bitcoin Profit on a Demo Account Before you risk real capital, you can use a demo account to test the British Bitcoin Profit software. Crucially, a demo account allows you to test different strategies so it is important that you try the robot’s parameters on different crypto assets, different hours of the day, etc. Step 4: Make a Deposit Regardless of the broker you have been transferred to, British Bitcoin Profit requires you to make a deposit of at least $250 to get started. Step 5: Activate the British Bitcoin Profit Robot At this point, you have a funded account with British Bitcoin Profit and its partner broker. Now, all that is left for you to do is to set the parameters of the automated trading system before you activate the robot. For example, you can choose the crypto asset you want the robot to trade on, the risk-reward ratio, fixed stop loss and take profit orders, and the minimum and maximum loss per day. Once you have completed this step, you can activate the British Bitcoin Profit so it will scan the cryptocurrency market searching for profitable trades for you. If you want to maximize the chances of your success, it is recommended that you monitor your account for at least 20 minutes per day and make the necessary changes if you are not satisfied with the robot’s performance. British Bitcoin Profit Success Rate The British Bitcoin Profit claims to have a success rate of 99.4% of the trades it executes. It also claims that members typically profit a minimum of $1100 per day. From our investigation – it is not clear whether these claims are accurate or not, however, users who have used this software testify that the robot indeed has a high accuracy rate. Crucially, in order to provide a transparent trading platform, British Bitcoin Profit displays live profit results of existing users. As you can see from the image below, the software company shows the name of the user, the profit or loss made, the trade time, the traded crypto coin, and the result of the trade. British Bitcoin Profit Fees Another important factor to consider is the trading fees and the cost of using the British Bitcoin Profit software. For that matter, during this review we found out that the software comes at no cost, meaning you can use the software for free. However, if you wonder how British Bitcoin Profit makes a profit, then it is very likely that the robot takes a commission from the fees you’ll have to pay to the assigned brokerage firm. Is British Bitcoin Profit a Scam? With so many scams happening in the crypto market on a daily basis, this is perhaps the most important thing you need to check before you decide whether you should use British Bitcoin Profit or not. Based on our research, British Bitcoin Profit is legit. That said, we can understand that you might have concerns and questions about the legitimacy of this robot. After all, British Bitcoin Robot does not disclose many details regarding the team behind the software, terms and conditions, etc. Nonetheless, we have decided to test the platform and check user reviews online to establish a solid conclusion about British Bitcoin Profit. When using this robot, we were able to easily register for an account, activating the trading robot, and even withdraw funds from the platform – these are strong signs that British Bitcoin Profit is not a scam and is fully operational. Plus, the fact that we were transferred to a regulated broker is another sign that this robot is fully legitimate. Moreover, besides the user testimonials that the robot posts on its official website, we could also find some reviews from users who have used the platform, claiming that they were able to make consistent returns when using British Bitcoin Profit’s automated trading software. All things considered, British Bitcoin Profit seems to be real and legit so you can start trading with this robot. At the same time – as there’s no guarantee that the robot will generate profits for you, we recommend that you start with the minimum deposit requirement of $250 after you have tested the software on a demonstration account. British Bitcoin Profit App Another thing to consider before choosing an automated bitcoin trading robot is whether you’ll get access to a mobile trading app. Luckily, if you decide to use British Bitcoin Profit, we found out that the platform is also available on a mobile app that is compatible with both Android and iOS devices. This is because the robot must operate with brokers that support a mobile trading app in order to be able to execute all market orders. British Bitcoin Profit Payments & Withdrawals As we mentioned above, British Bitcoin Profit is primarily a trading software company so it is not yet authorized to collect funds from users. That said, the robot funnels you to regulated brokers in your area, and thus, in most cases, you’ll be able to make a deposit with the most popular payment methods like a credit and debit card, PayPal, and bank wire transfer. Further, British Bitcoin Profit states on its website that it supports PayPal, and credit/debit cards like Visa and MasterCard as payment options. It also ensures that you can withdraw your funds any time you want without any further delay. British Bitcoin Profit Minimum Deposit To get started with British Bitcoin Profit, you need to make a deposit of at least $250. In that aspect, we suggest that you start with the minimum deposit required and add funds in case you see that the robot generates consistent profits for you. British Bitcoin Profit Customer Support Clearly, one of the main drawbacks of this software is that there is no way to contact their support team. Instead, you can get customer support service from the partner broker. How to Use British Bitcoin Profit If you are ready to start trading the crypto markets by using British Bitcoin Profit, simply follow our four steps quick guide below. Register: First, visit the British Bitcoin Profit official website and register for an account. Open a brokerage account: Once you have completed the British Bitcoin Profit registration process, you will be redirected to an authorized broker in your country. To continue the process, you need to open an investment account with the assigned broker and verify your ID. Deposit: You will then need to make a deposit of $250 or higher. Activate the Robot: Finally, set the trading parameters and activate the British Bitcoin Profit robot. It will then start scanning the crypto market and place orders on your behalf. The Verdict Our British Bitcoin Profit review found that this trading robot is legit and offers you high chances of making a passive income. With a small minimum deposit of just $250, you can activate the software and allow it to place orders in the market on your behalf. But, as there’s no guarantee that British Bitcoin Profit will generate profits for you in the long run, we suggest you start with a demo account to see if the robot’s algorithm works well. Then, once you see that the robot is able to detect successful trade in the crypto market, you can make a deposit and enable it to operate in the real market. Visit British Bitcoin Profit There is no guarantee you will make a profit when using this provider. Proceed at your own risk. FAQs Is British Bitcoin Profit a scam? Following this review, it appears that British Bitcoin Profit is not a scam company. This conclusion is based on user reviews we have found online that claim it is possible to make profits when using this robot. Additionally, we have tested the software and found out that it works perfectly. How can I withdraw funds from British Bitcoin Profit? Like the vast majority of automated trading robots, British Bitcoin Profit is not authorized to deal with clients’ funds. Therefore, all deposits and withdrawals are done directly through the partner broker. That said, British Bitcoin Profit states on its homepage that all withdrawals are made instantly at any time you choose. What is the success rate of British Bitcoin Profit? On its official website, British Bitcoin Profit claims it has a win rate of 99.4% of the market orders the robot executes. Is there any cost to use British Bitcoin Profit? No, it’s free to open an account and use British Bitcoin Profits’ proprietary software. Additionally, the company mentions that there are no hidden fees associated with using their software. With that in mind, you need to take into consideration the fees you need to pay for the assigned trading platform. As such, we suggest you research the platform’s fees and commission before you risk real capital, and if necessary, you can contact the broker to get more information. How do I use British Bitcoin Profit’s automated trading robot? To use British Bitcoin Profit, you first need to register, open an account, and make a deposit. Then, all that is left for you to do is to log in to the trading platform and activate the robot. Does British BrBitcoin Profit offer a demo account? Yes, if you have any concerns on how to use this software and whether it actually works, you can use a demo account before you make a deposit and start trading with real money. Alan Draper Alan Draper Alan is the Chief Editor of Forexcrunch.com and is responsible for ensuring all the content published is accurate and reliable. Alan is also an experienced finance writer. 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