Sep 21, · Bitcoin Trader Review – Conclusion There is nothing like a software which can make you filthy rich with just some clicks in the day. The concept of earning money without doing anything much itself is flawed. You should ignore such out of the world claims whenever you come across them. The research we’ve compiled, including other “reviews” of Bitcoin Trader, seem to point at the service being some kind of fraud. The signs of this are numerous but also quite blatant. It is tough to review a service that is a scam but, with little else to go on, that is what we’re going to drill down on in this review. Bitcoin Trader. Bitcoin Trading Australia Platform The above brokers are essentially the best Bitcoin trading platform for Australian residents. they have ground based offices and are ASIC regulated. ASIC is the main financial regulator in Australia and is very important so you can protect your money when trading.
Bitcoin trader australia reviewBitcoin Trader Review: Scam Or Legit? | Cryptoverze
Trading Bitcoin, rather than simply buying through an exchange, enables you to not only buy Bitcoin, but sell it as well. Being able to trade on the price movements in either direction opens up a world of possibilities. Owning Bitcoin is the dream, however the days of becoming an overnight millionaire are long gone due to the market price of Bitcoin today.
Unless you have hundreds of thousands of dollars to invest, us regular folk will find it tricky to invest enough to really make any difference.
This is where a trading broker rather than an exchange comes in. Fees to trade are comparable to an exchange however the fact that you can trade the price in either direction is the key benefit. Large price swings mean the traders can create large profits daily. The Bitcoin trading Australia platforms we list are not only the most secure for transacting on, but also highly regulated and trusted in the industry, giving you the peace of mind that your money is secure.
Ok, so whats the difference between actually owning Bitcoin vs trading Bitcoin. As Bitcoin prices have risen and fallen a lot over in the past year, many everyday traders have taken advantage of the market volatility without having to actually own any Bitcoin.
When you buy actual Bitcoin, there is the hassle of having to open and manage a digital wallet which is separate , as well as the fact that you can only profit if the price of Bitcoin rises in the future. So what if it goes down, well if it does, then you will lose money and it goes up and down, a lot.
When you trade Bitcoin however, you can profit from both the rising and falling Bitcoin prices without having to actually own any Bitcoin. By speculating on the price movements, you can profit from shorter term price volatility, rather than holding onto Bitcoin for the longer term. The above brokers are essentially the best Bitcoin trading platform for Australian residents. ASIC is the main financial regulator in Australia and is very important so you can protect your money when trading.
The Bitcoin trading platform performance and ease of use is key to making your trading successful. All of these Bitcoin Trading platforms all have state-of-the-art interfaces which you can monitor your trades in real-time on your desktop or mobile device via their intuitive apps.
Both buying Bitcoin and Bitcoin trading have advantages and disadvantages just like any other form of financial speculation.
Bitcoin trading Australia is performed via a CFD. CFD means Contract For Difference, which is the product you use to trade Bitcoin on one of the preferred platforms above. Crypto prices are fairly volatile vs normal stocks and currencies, making the price swing, even in a single trading day. You will then profit from any increase from the price you executed the trade at. If the price goes down, you will profit from any decrease from the price you executed the trade at. Another key point is that, because Bitcoin has become so expensive, when you buy the Cryptocurrency using a digital wallet, it can tie up a great deal of your capital.
Deciding whether or not to trade Bitcoin online depends on what your financial goals are. Some of the reasons that Australian investors trade Bitcoin include:. All trading involves fees and are mostly made up of transaction fees and overnight financing. Binary On Line 2. U-markets 3. Rich Janitor 4.
Secret Millionaires Club. Hello Jose, 1. Binary On Line is an unregulated broker. Many of my clients had very bad experience with this broker. U-Markets — I will do research on it and will let u know very soon. Rich Janitor is a scam trading robot.
Avoid it. This robot is no different from other cheap scam trading robots. Let me know if you have any other query. Hi Sofy, I will like to do binary trading on IQ Options, do you think this one is legit and good to go with.
Hi Sofy, Thank for creating a platform like this. I lost a significant amount of my investment with 72Options binary brokers. After a long battle with the brokers, I was able to recover my funds through a Charge back expert.. Keep up the good work exposing scam brokers. About a month ago I started receiving SMS messages on my cell phone with a link that led me to bitcoin code when I clicked on it, I spend a lot of time reading on that site, and it was very tempting to try making an investment with them, especially when you are where I am financially, having hardly enough to be able to just afford to eat and pay your rent, so you pray to find a good place to plant a little of your seed in hope for some return, to be able to afford to eat and pay your rent, and hopefully enough to become a little more financially stable.
And I decided to open an account with them, within minutes of doing so I received a phone call from them with a number showing it to be a Winnipeg Manitoba Canada number, which is about two hours north east from where I live, The gentleman that called me identified himself as being Manny Okiro, with starkmarkets.
Sofy, is there a good robot software that would do automatic trading for me that you would recommend, and maybe a good broker that would help me make the right bitcoin investment placements?
Hi, I am looking at investing in bitcoin but it would appear to be a mine field of scammers. Can you suggest a genuine broker that I can look into. Yet it still sounds like a Ponzi scheme to me — plus Google searches has 9 out of 10 saying scam possibility. Can you provide your insight? Thank you very very much. You have saved me from being scammed. God bless you.
What about brit method please. Thank you. I agree. I almost got taken with the Brit Method. This is just a hook for a company called Prestige Options. It is OK for them to behave irresponsibly. It is not their money. So, is this legitimate info or is it a ploy to push the people away from trading in such circumstances because the banks and financial systems are panicking.
It makes me wonder if this is just propaganda to put us all off the idea and go back to leaving everything in the bankers hands. I proven that the banks and those who own them manipulated the markets to their own gain. I would rather I was completely anonymous with finances as my money is my own personal business and not of the governments business. Just the same as my love life has nothing to with anyone else but me and my lover. If you have solid proof of your claims, maybe share them. Ironically, it may come back to really bite the channel 10 Shark Tank investor on the behind..
About Bitcoin traders, how is it possible: 1 To appear on BBC2 as they have and to be believed by the Dragon Den Millionaires who are by nature more suspicious than most and ought to know better. Is there any way to report Google for continuing to support this? Hi Sofy , thanks for confirming this scam. The website sign up page was identified by firefox as being insecure and would allow me to sign up then i found your page after searching for further bitcoin trader info.
Hi Sofy what about goldenmarkets. I am totally new to all this, wanted to invest and jumped in too quickly. I say leave it well alone. Like what I have been reading from you, thank you for identifying the scammers. Thank you Clive… close to retirement and need financially far from safe ….
Is Havoption. He said in 7 days the profit will be 3k. Too good to be true! Good point Kris. Hi Sofy, thanks for the info you are sharing. Hi Sofy. I spoke to an agent at Arotrade and according to him QProfit System is the app they broker use.. Does that mean Arotrade is also a scam? I signed up but did not make the deposit yet. Is there any legitimate system out there to earn me consistent profits whilst i learn to trade in my own time?
I am a complete novice to trading, but it would be nice to earn while i learn so to speak. Honestly, Bitcoin has become a fraud. As an expert, this is a great website to read and avoid losing more.
Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. Notify me of follow-up comments by email. Notify me of new posts by email. Bitcoin Trader Review Starting off the review, it seems that the scammers have decided that they would use bitcoins as their base.
What does the Bitcoin Trader Claim? How Does It Work? False Testimonials This is something which you should be aware of. This scam is still active.
Traders Revenge Software Is Scam!! Comments Hi Sofy.. Secret Millionaires Club Thank you very much. God Bless. Hello Jamesh, IQ Options is a good broker. Fee free to go with it. Hi Sofy Just checking if this is a real Sofy or a robot one! Hi Sofy just want to know if bitcion loophole legit or a scam please.
Thank you for the excellent exposures you put out on this site. Kind regards Mick. Hi Sofy, Like what I have been reading from you, thank you for identifying the scammers.