Bitcoin Compass Review 2023: Is It A Scam Or Legit?

Bitcoin Compass – A Legit or Fake Platform

The bulk of cryptocurrency’s big earners have determined how to select the most effective trade bots for investment platforms. Trade bots such as Bitcoin Compass undertake all of the legwork, allowing investors to benefit from the crypto trading without having to think about it.

While it is simple to make money with automated trade bots, investors confront a hurdle in determining the finest auto trading platforms. This issue can be solved by putting different automated  trading algorithms to the test as feasible. The Bitcoin compass can be an excellent automatic trading approach for making money in the bitcoin market.

Bitcoin Compass is a trading application that enables investors to benefit from price fluctuations in Bitcoin and other cryptos. Every trader’s dread is to be financially affected by a fraudulent trading platform; they can lose their investment in an instant in such a cae. Users should cross examine a platform’s validity before investing, keeping this in mind. With Bitcoin Compass, you can start making money right now.

Bitcoin Compass is one of the most dependable trading platforms we’ve seen, allowing both experienced and new traders to supplement their income. Thanks to its incredible artificial intelligence, the Bitcoin Compass system has been meticulously designed to foresee market movement and allow investors to obtain excessive returns on their investment.

We’ll look at the site’s main features in our Bitcoin Compass review to see if it’s a scam or not.

What Is Bitcoin Compass?

Bitcoin Compass is an automated trading platform where users may have an AI-powered trade bot trading on their behalf. Furthermore, the bot may be entirely in charge of trading choices. To put it another way, the programme chooses which trades to make in order to earn.

Despite the platform’s name, users are not required to trade Bitcoin. Litecoin, Ethereum, and Ripple are among the cryptocurrencies that are supported by the service.

After you’ve made a deposit, you can sell or purchase any cryptocurrency. Bitcoin Compass stands out in this category as well. It takes the following forms of payment:

• Credit / Debit cards: Visa, MasterCard, UnionPay
• Wire / Bank transfers
• Popular payment systems: PayPal, WebMoney
• Digital wallets: Skrill

You may even pay using Bitcoin, which is a one-of-a-kind payment method, however ironic it may sound. A minimum deposit of €250 is required to begin trading.

Let’s talk about who can use Bitcoin Compass and where they may use it. Just about all countries in the world have trading platform access. There is, however, some disappointing news for Americans as the US traders are not currently accepted owing to restrictions on CFD trading. The website, however, promises that this is about to change.

The auto trading bot may be accessed using different devices by traders in any country. The platform has a cloud based application and does not have a native application for mobile or PC platforms. The web-based application is compatible with a variety of devices to ensure traders enjoy a great user experience.

Bitcoin Compass – An Overview

• Trading bot powered by AI
• 88% profit ratio
• Euros 250 is the minimum deposit.
• The software is free.
• No licensing fees
• Free demo account
• BTC, ETH, LTC, DASH, BNB, and other major cryptos are available for trading.
• 24 Hours fund withdrawal
• SSL 256-bit encryption protects user data.

How Does Bitcoin Compass Work?

Let’s go into the automated trading software underlying Bitcoin Compass now that you know what it is. We’ve already established that the trading platform is powered by artificial intelligence. Now let’s delve deeper to get a better understanding of the system.

This is among an AI-powered auto trading systems that executes certain tasks. It chooses the transactions to execute on behalf of a user in our scenario. Market data is used to make decisions.

Essentially, the algorithm analyses the crypto market for both past and current trading data, and then finds profitable positions to enter. We define a profitable transaction as either purchasing a cryptocurrency for a low price and later selling it for a higher price, or selling a blockchain-based currency for a high price and subsequently repurchasing it for a lower price.

Without any human interference, the auto trading robot can execute trades and benefit from the smallest of market movements for up to eight hours. It means you can sit back and watch as an AI-based system searches for profitable deals and boosts a trader’s profits. Amateurs and pros who want more control over the process can intervene and even manually set some of the trade’s characteristics.

It’s essential to mention that the transaction isn’t completed by the trade bot. The trading robot simply determines which one meets the preset trading parameters and then sends a signal to a broker. The brokers then evaluate the data and execute trades if it actually makes a sizable profit.

The broker returns the data to the bot via an accessible API after the deal has been completed. By deducting the Bitcoin Compass fee from the payout, the trading robot credits the user’s in-app account.

Is Bitcoin Compass Legally Operating in the United Kingdom?

There are a number of indicators that a trading website is a fraud. To begin with, it is unregistered. Second, no data regarding internal operations is revealed. Finally, it promises investors unrestricted rewards, gold in five minutes, and a new Lamborghini the next day.

Bitcoin Compass does not fit within any of the categories described above. The service is authorised. Know Your Customer (KYC) and Anti-Money Laundering (AML) policies are followed.

Furthermore, the website does not advertise itself as a service that allows users to instantly obtain millions of dollars. When you go to a website’s homepage, you may learn a lot about the site, its operations, and how to register.

Additionally, we believe Bitcoin Compass is a genuine auto trading platform since it helps consumers to protect themselves from market volatility. A trader can set stop-loss or deposit limitations at any time.

Pros and Cons of Using Bitcoin Compass Account

Features of Bitcoin Compass Platform

Here are four key elements that distinguish Bitcoin Compass from other comparable trading platforms.

Variable Trade Limits

Users may quickly impose a variety of restrictions using the service. Some are naturally protective. A stop-loss order, for instance. Others, on the other hand, are just pragmatic. Users can, for example, set a payout threshold, which is a restriction on how much money can be taken from an account. You will not be paid until the total has been attained.

Easy & Simple Layout for Novices

It’s difficult to get started in the crypto industry. Unlike other trading platforms, you do not have to be concerned with this when using an auto trading robot, like Bitcoin Compass. To begin with, you may totally rely on technology.

Second, you may always learn more on the site by reading a trading guide and practising on a trial account.

Experienced traders will find it easy to use. You can also opt for a demo trading account to check how it works with manual trading.

Cutting Edge Security Measures

You need not be concerned about your personal information being taken. SSL encryption encrypts data and so decreases the danger of cybercrime on the site.

Quick Payments

Fast payments usually mean that the money is received within 24 hours. Bitcoin Compass, on the other hand, went even farther, claiming that funds may be moved in as little as 12 hours.

What Profits Can I Make With Bitcoin Compass?

The success rate determines how profitable trades the service is. In most simplest terms the success rate is the percentage of trades that are profitable. The rate is about 90%, according to statistics from Bitcoin Compass. However, according to our research and analysis the success rate has a figure of roughly 70%.

It suggests that 7-8 out of 10 trades will be successful, which is a promising statistic. According to the trading platform, the return on investment (ROI) is up to 60%. Despite the fact that the results aren’t quite 100%, they appear to be accurate, unlike some that claim a 100% victory rate. It is obvious that detecting lucrative trades automatically without fail is difficult.

How to Use Bitcoin Compass for Trading

Here’s how to trade on the site, step by step.

Signing Up

To join the trading platform, fill out the form available on the official website as well the third party partner sites. The signup is completed in four simple steps.

• Please include your full name, email address, and phone number.
• Click the “Register Now” button.
• Wait for a confirmation email.
• Activate your account by verifying your identity.

Habituate

Everyone should practise on a demo account before commencing live trading. It will assist newcomers in getting a basic understanding of the platform and how a trading session is necessary. Amateurs can begin by using a demo account to evaluate the platform and their trading abilities.

Capital Investment

You must first make a deposit before you can begin actual trading. This deposit is you first capital investment on the platform. Following steps are to be taken.

• Choose a payment method: Visa, MasterCard, WebMoney, Skrill, bank transfer or PayPal
• Indicate the amount: at least €250
• Instantaneous transfer of funds

Begin Trading

You are now prepared to earn money. Simply choose whether you want to pre-set certain orders or completely rely on the bot, and begin buying and selling digital currencies. You may set the bot to work for up to eight hours on its own.

Withdraw Funds

You can withdraw the money as soon as the deal is completed and the profit is applied to your in-app account. Submit a request and wait for the transfer to be completed.

Was Bitcoin Compass Featured on TV or in the News?

Bitcoin Compass was allegedly discussed on Shark Tank, This Morning, and Dragon’s Den, according to speculations. The facts, on the other hand, are incorrect. Despite this, The Week highlighted the site in a piece on Bitcoin, and it received some early public notice.

What Are the Opinions of Celebrities on Bitcoin Compass?

The owners of the sites agree that there are various false stories circulating around Bitcoin Compass and celebrities. However, the platform officially contradicts this. It’s a good indicator because many comparable sites do the exact opposite and promote the falsehoods to get more attention.

What Do People Think of the Bitcoin Compass?

We opted to use TrustPilot to evaluate Bitcoin Compass’s consumer reputation. We discovered that the service has a positive reputation and a 4-star rating. 

Here are some real-world responses to the auto trading robots:

“Bitcoin Compass = No Worries, No Hassle” – According to a Finnish user, the site is legitimate and hassle-free.

“Legit and worth it!”  – A professional person helped a German user comprehend how the site operates, according to one user.

How to Make the Most of Bitcoin Compass Account?

If you’re new to the crypto market and trading, you might be unsure how to profit from market volatility. Confusion may lead to a slew of errors that you will have to pay for with your wallet. We’ve compiled a list of helpful hints to help you avoid this:

Learn the fundamentals

Although you may trust the bot’s independence and leave it alone for up to eight hours, you must be familiar with the fundamentals of trading and cryptocurrency. There are no shortcuts to learning, and if you don’t take them, you won’t advance.

Never begin with a large investment

The allure of receiving all of the world’s money at once is irresistible. However, you should exert effort and gradually improve the deal’s value. You can devise a strategy and gradually increase the stakes, such as after each successful deal.

Keep your limitations in check

Don’t start chasing losses and invest more if you set aside €300 each month for trading. It’s possible that you’ll wind up broke. It is usually preferable to impress your friends and family with large profits over losses.

What Is the Difference Between Auto Trading Bots and Regular Trading Systems?

Bitcoin Compass

Registration service is both free and quick. It might take up to five minutes to complete. Account activation requires verification.

Depositing – Several deposit options are available. Minimum €250.

Easy for Newbies. Advisory services, an authentic training guide, and a demo account are all provided at no charge.

Regular Trading System

Registration time tends to vary. It usually entails submitting a large number of documents to establish its legitimacy. Several hours may be required.

The minimum deposit is usually greater than €250. From €2000 onwards.

Traders having at least some experience will usually benefit from them.

Bitcoin Compass – Our Conclusion

Considering the information presented above, we can confidently conclude that Bitcoin Compass is not a hoax. The system is safe and secure. It gives newcomers with assistance and amateur traders with some trading control.

Users can utilise an auto trading bot, as our Bitcoin Compass review demonstrates. Artificial intelligence is used to guarantee that the forecasts are accurate. Following that, reliable brokers execute the deals. They are all ECN, despite the fact that the website does not divulge their identities.

This service is something we are unable to fully provide. However, we fully support a number of trading platforms. These platforms are mentioned below for you to explore in your spare time.

• Bitcoin Era
• Ethereum Code
• BitQL
• Crypto Trader

Bitcoin Compass – Frequently Asked Questions

Take a look at these questions to help you remember all you’ve just learnt.