BitCoin Secret Loophole Review: Is It a 100% Winning Crypto Trading App Or A Scam?
The BitCoin Secret Loophole system has its website where they steadily engage in duping crypto traders. The security level of these websites do not have and build strong firewalls, so what happens is that they allow for hackers which most times are fellow sellers and buyers on the site to have access to information and passwords, which leads them to the accounts and wallets of innocent traders. These may have been avoided but to have access to everything, you must sign up, hence the easy hacking.
The administrators of the BitCoin Secret Loophole review website are also scammers, and with their services, it is constantly losses upon losses, instead of profit. The bitcoin secret loophole scam system is risky and fraudulent, it is worse than gambling and bidding because in its case, there’s no profit at all, just well packaged and presented lies. They even paid for filling fake BitCoin Secret Loophole reviews on the internet.
More of the losses experienced by brokers of this platform reflects on the wallet of the trader which leads to the talk about bitcoin secret loophole wallet. Basically what they do, is that they allow you do is fund them with real money with failed promises to help you trade.
How Does It Work?
Steve McKay, a software developer turned investor developed this tool. The tool aims to help everyone to be able to try their hands at crypto trading. He was inspired to create the tool when he was asked to create a software that could be used to trade in cryptocurrencies without actually purchasing them.
If you have done CFD trading (Contract For Difference) you would know the basic concept. CFD trading is about making profits from the market movements. You make profits without taking up ownership of the assets.
It is a well-known fact that when you start early in a market which is likely to grow then you would be able to make big profits. The growth might be slow but in the long term perspective, such markets are profitable.
This applies to the cryptocurrency market as well. The Bitcoin Loophole was designed to help you tap into the resources offered in crypto trading without waiting to learn about trading.
Therefore you can start earning right away and learn while you trade as well. Such trading bots are mainly popular among those who are looking for strategies to attain financial independence.
Here are the steps involved in making profits and earning a secondary income with crypto trading:
- To begin with, you would have to create an account for yourself which is absolutely free. Provide your contact details and create an account and proceed to activate it. You would not be making any deposit yet.
- Once your account is created and activated you would be connected with a broker. The moment you make a deposit you get to start trading. This software requires you to make an initial investment of $250. This amount is added directly to your trading account and this would be used to begin your cryptocurrency investment portfolio.
- Turn on the Auto Trading function if you would like to allow the software to act in the autopilot mode. This is the mode where your contribution in terms of efforts, would be nothing. You would have to invest funds and then sit back and watch the trading orders that happen.
- For the experienced investors who like to retain control the software also allows you to trigger the auto trading mode off. Here you would be able to carry out open trading by the conventional method. You can use your own strategies to make trading decisions.
The system is designed in a way that allows the software to take care of the process of technical analysis of crypto trading. The tedious computation involved in the process is automated. Trading bots like Bitcoin Loophole are mainly used by those people who like to earn profits from trading but do not have enough time to carry out technical analysis.
Make Use Of The Demo Trading Facility
Demo trading account is one where you can get a first-hand experience of trading with the bot without putting real money at stake. There would be $1500 placed in your account. You can try your strategies and place orders with this one to see how you are doing.
You can also make use of this demo trading feature to explore the various features of the software. You get to experience the interface and know whether the software would really work for you. This would prepare you for the market and give you the confidence to start trading with real money.
How Much Does Bitcoin Loophole Cost?
The beta testing phase of this software is offered for free. This means that you would be able to create an account and start trading without any additional fees. There are no hidden charges to worry about.
Why Should You Use Trading Bots Like Bitcoin Loophole?
Trading bots like Bitcoin Loophole are mainly useful to allow you trade without knowledge or experience in trading. This gives you a jumpstart in your trading career. It can also motivate you to learn the methods involved and become a better trader. You would then be able to make use of the manual trading mode that Bitcoin Loophole offers.
Who Can Benefit From Bitcoin Loophole?
It is a software that can be used by anyone with any amount of experience in trading. Even the professional traders would find the automation feature to be useful to help save time. For absolute beginners, the clean interface makes cryptocurrency trading easy.
Bitcoin Loophole Trading Robot Features
As we mentioned before, Bitcoin Loophole is an automated trading system that allows investing in cryptocurrencies on autopilot. The software uses scalping trading strategy, providing analysis of ultra-short-term timeframes, it has comparatively frequent entries during active market hours, and laser accuracy in trade execution. Bitcoin Loophole cryptocurrency trading robot works with several open positions simultaneously, but it does not hold deals for a long time, cutting losses automatically. That approach is impossible for human traders, especially in the scope of quick reaction on changing market conditions. The trading algorithm generates quite a large number of trading signals, but the option of manual orders execution is unavailable as most of the signals must be executed instantly, otherwise, the risk of loss gets higher.
Trading robots such as Bitcoin Loophole can make money in both market directions, i.e. in times when the price is going up or down. Bitcoin Loophole actually works best when the prices of Bitcoin are highly volatile, as such market conditions present many more opportunities to profit from short term price moves. By making a large number of small trades and holding them for a short time, Bitcoin Loophole is aiming at average to make more winning trades than losing ones in order to close the day in profit. That is why trade accuracy is so important and it has been around 70-75% for Bitcoin Loophole robot.
One of the key advantages of Bitcoin Loophole is that beginner investors can easily use it without any prior investment experience. The trading platform has a very user-friendly interface and intuitive design. It only displays the most important settings and trading room view with the rest of the operations run at the background.
Another reason why Bitcoin Loophole is so popular among individual investors is that it works with CFD brokers, meaning you can start investing with as little as $25 per trade and $1oo minimum deposit. The way CFD works is that you don’t invest in the underlying asset (like on crypto exchange) but rather making a financial bet on the price move. Because you do not buy the whole digital asset which would require significant capital commitment, you only need to put enough money to cover the potential move in the price. While the initial investment is small, investors will still benefit from the full price upside which makes Return on Investment considerably higher. But you also have to remember about potential losses. Investing is a high-risk business and you should not invest more than you are prepared to lose.
Depending on your location, Bitcoin Loophole will automatically select and open an account for you with the best available CFD broker in your country, so you don’t have to go through this process twice, As we have been writing this Bitcoin Loophole review from the UK, we have been connected to the Kodimax, a CFD Broker registered in Bulgaria. Kodimax is a specialist cryptocurrency broker which operates a cutting edge trading platform and allows connectivity to the Bitcoin Loophole via an API. While this CFD broker is not regulated, we understand that it operates in the crypto market which is not regulated in general. But it is located and complies with all the laws in the EU so that gives us additional comfort. The broker operates 24/7 support in different languages and offers fast trade execution speed and competitive spreads. It is good to know that Bitcoin Loophole works with a strong CFD broker but in reality, you won’t be using the platform too much. All the trading can be run from the Bitcoin Loophole trading dashboard and you will only need to monitor your position occasionally as all the trading will be done on autopilot.
The broker’s trading room has additional options for experienced users to trade manually including chart tool, list of assets available to trade with statistics data. Cryptocurrency investors can use this advantage for long-term investments in the crypto market, as well as for analysis and predictions. The platform gives a wide choice of additional analysis and trading instruments. Here is how the broker’s trading room looks like.
If you are a crypto trader, this BitCoin Secret Loophole review might help you in one way or other. When talking about the trading of cryptocurrencies which includes bitcoin, it’s possible for one to get excited about trading especially with the rise of an alleged trading software and app: The bitcoin secret loophole, software which is basically a scam platform for crypto traders.
With all the fake services the BitCoin Secret Loophole scam platform claims it offers, including profits making, it’s enough to get overly keen on using the bitcoin loophole system to trade. Sadly, the case is not the same as the platform is an entire scam.
Our unbiased and honest Bitcoin Loophole review provides comprehensive information on what it’s like to trade with this software. It also includes our opinion and the reasons why we strongly recommend this app.
Overall, Bitcoin Loophole guarantees a rewarding trading experience. Packed with a range of useful features, it stands out from the crowd and offers a viable solution for making successful investments online.
Review Verdict: BitCoin Loophole is Not a Scam