Bitcoin BitQT Experience & Results 2021

BitQT is one of the most powerful online trading robots that uses algorithms and technology to facilitate automated trading in the forex and cryptocurrency markets.

When the value of Bitcoins rises and falls, the software automatically decides whether you should invest or not based on market analysis. According to the app, users have been able to earn several thousands of euros per day with a success rate of 88 percent.

But is BitQT really as good as it sounds? In this BitQT test, we will check whether this software is a scam, BitQT is fake or not. We will also answer some of the questions that are often asked about the app. In addition, we will help you with a step-by-step guide on how to open a trading account.

Advantages and disadvantages of BitQT at a glance: The BitQT experience

Pros

  •    Good entry into the world of crypto trading
  •     No fees or commissions
  •     Quick and easy registration
  •     Free demo account
  •     24 / 7 customer service

Cons

  •    The profit statements on the website are a bit highly exaggerated
  •     No mobile app
  •     Crypto trading is always risky

BitQT Sign Up - Our Step-by-Step Guide

It is very easy to register with BitQT. To guarantee that no questions remain unanswered, we have provided this clear step-by-step guide. Clicking on this link will take you to the start page and take you to step 1.

Step 1: The BitQT registration

Before you can make any profits, you need to sign up and have an account with the app.

To do this, go to the BitQT website and fill out the registration form. All you need is an email address, your name and a phone number. Then you just need to create a password to secure your account.

Once this step is complete, you will automatically be connected to one of the platform's brokers.

You do not need to submit any identification documents at the time of registration.

Step 2: BitQT's demo account.

One of the best things about BitQT is that there is a free demo account. Once you create a demo account, the app will give you a tour.

After that, you can try using the auto-trade button with an imaginary balance of $1,500 to see how the app works.

Once the registration and opening of a customer account has gone smoothly, you can take a close look at the trading platform in a demo mode and test the functions of the trading robot.

This section does not involve any financial risk to you.

Step 3: Create a live account with BitQT

Once you have spent enough time practicing, you can try using a live account.

    Open transactions: This option allows you to open the app's operations console.
    Control Panel: In this area you can see all the settings of the app and make adjustments. You can also see the success of your portfolio here.
    Live / Demo Account: With this function you can select whether you want to use a demo or a live account.
    Trading history: With this option, you can view all your positive and negative transactions.

With BitQT you can trade Bitcoin, Litecoin, Ripple and Ethereum. The app allows you to trade currency pairs between different cryptocurrencies, the euro and the US dollar. After choosing how much you want to trade, all you need to do is make your first deposit.

Step 4: Deposit

Depositd

After you have spent some time practising with the demo account, you can create a live account.

You only need to make an investment of $250 to get started.

After you make a profit, you can reinvest your profit or withdraw your money.

With BitQT you can use Mastercard, Visa, American Express, Discover Network and Neteller.

New traders should not deposit more than 250 US dollars for the time being. With this amount, you can gain initial experience without investing your entire savings.

But with such a sum, experienced traders also have the opportunity to put the platform through its paces.

Step 5: Live trading

Live trading

Once the money has finally arrived in the customer account, it's time for the actual trading.
Once you are connected to the broker's trading platform and the money has been deposited into your account, you can activate the BitQT software.

A trading robot is a program that has been equipped with an algorithm. The mathematical formula allows the software to perceive the smallest price fluctuations and perform multiple buys and sells per minute.

However, the use of a robot is no guarantee of profits.
However, you have the option of taking the robot offline at any time.
This is particularly recommended in the event of a long-term bad market situation. The programme does not recognise this and will continue to buy and sell. As soon as the market has recovered, however, you can let the software do its work again.

What is BitQT?

BitQT was created in 2017 by a team of Bitcoin brokers. The inventors behind BitQT claim they can execute Bitcoin trades 0.01 seconds faster than their competitors. By making trades faster, the team believe they can beat other auto-trading platforms to profit from market trends - at least that's what they say on the BitQT homepage.

Even today, investors do not know who created BitQT. Currently, the rumour is that it was built by a team of well-connected brokers. Since they already had experience with their own platforms, they were able to create an even better algorithm when they collaborated on BitQT. Because of their efforts, users can use a simple, powerful platform for automatic investments.

So the bottom line is that BitQT is an automated trading robot that uses artificial intelligence (AI) and algorithms to automatically trade cryptocurrency at a variety of brokers.

Essentially, the robot uses historical data to derive optimal entry and exit points for trades, and then automatically places trades according to these calculations to maximise profits.

The trading robot monitors and scans the market around the clock and automatically places a trade as soon as one of the pre-defined conditions is triggered.

How does BitQT work?

BitQT is very similar to other trading robots in the industry and claims to offer automated trading software that can generate profits for its users.

Although it is impossible to know exactly how this technology works, it is important to note that there have been many new trading robots in the cryptocurrency market recently.

New trouble for Binance

The debate about high-frequency (HFT) trading is essentially a debate about the morality of automated trading machines in the financial markets.

Yet there have been many automated trading machines operating in the stock and currency markets since the early 1990s and they are perfectly legal.

BitQT does not charge users to access the software. Instead of using a subscription model, the app focuses on a large trading volume. For this reason, creators only receive 1 per cent profit on successful trades. If your trades aren't successful, you don't pay a cent for the platform.

BitQT App - does it exist?

The platform supports access from a PC as well as from a laptop, tablet or smartphone.

However, an application that is specifically optimised for access from a mobile device does not yet exist, but is under development according to the homepage. In our test, however, we were able to operate the web app well from a mobile phone.

Is BitQT a scam or a reputable provider?

  •    1) Our test shows: BitQT is a reputable provider and not a scam. However, a lot of advertising has been done for BitQT. Some of it was published in popular TV shows and in Facebook ads.
  •     2) Over time, there have even been rumours of endorsements from people like Richard Branson, Elon Musk, Frank Thelen and Gordon Ramsey. However, this does not correspond to the truth. Advertising often makes a product appear better than it really is.
  •     3) In 2017, Bitcoins were actually worth more than 20,000 US dollars each. People who had invested in Bitcoins before this peak became extremely rich. Unlike other platforms, BitQT automatically executes all your Bitcoin trades. Depending on the market situation, it is said to achieve a success rate of 88 percent.
  •     4) BitQT states that it can achieve the best possible success rate if investors follow a Fibonacci strategy and 10-minute intervals for their investments. If you are a new investor, you may want to experiment with BitQT before actually using real money. Like many trading apps, BitQT offers a risk-free demo that allows you to experiment with the app.
cryptocurrency sphere

BitQT experiences from wikipedia and the forum

There are now many different testimonials from external websites. These indicate that there have been some users in the past who have profited from the algorithm. A BitQT fake therefore seems unlikely.

  • From this, one can conclude that the bot can be classified as legitimate. Nevertheless, all users should be aware that when trading Bitcoin and other currencies, you can not only earn money, but also lose some.
  • Therefore, always keep in mind that profits are not guaranteed and you can lose your money when trading with this or any other trading bot.
  • Therefore, you should only invest as much money as you are willing to lose.
Bitcoin could still crash

Conclusion on the BitQT test

BitQT's website is active, it offers good customer service and it is extremely well known in cryptocurrency circles.

BitQT

Although BitQT claims that it can generate thousands of dollars per day and the online reviews seem to confirm this, it is still a regular trading software and the risks in trading remain. It is also not true that celebrities like Frank Thelen are said to have invested.

If you decide to trade with BitQT, we recommend that you start with the minimum deposit amount and not take too much risk.

However, every trader should never rely completely on the robot to make profits from trading cryptocurrencies. If you are new to cryptocurrency trading, this becomes even more relevant and it is always good to have a variety of crypto investments to protect yourself from market volatility.

This is especially true if you are thinking about leveraged trading, which should only be attempted by experienced traders.

FAQ

What is BitQT?

BitQT is a crypto robot designed to generate automatic profits. However, there is always risk involved in trading. Under certain circumstances, a total loss of the investment must be expected.

Can you get rich with BitQT?

The robot is an investment experiment. There can never be any question of secure profits. Profits are possible, but not guaranteed.

Is BitQT a scam?

BitQT does not appear to be a scam. However, some of the statements on BitQT's website about the amount of profits are almost certainly exaggerated.

Is it worth trading with BitQT?

This question cannot be answered in a general way. You can apparently make profits with BitQT, but of course there is no guarantee. However, with a small investment you can learn a lot about the market and the processes. Which is generally a very positive thing.

Has BitQT been tested by Stiftung Warentest?

No, that is not true. Stiftung Warentest only tests software applications very sporadically. BitQT is not one of them.

Where can I find the BitQT homepage?

The Link button below this section will take you to the BitQT website.

About the author

Hi there, my name is Zalman Weinberg. I'm enthusiast with over 7 years of experience in cryptocurrencies and blockchain. Professional Trader providing Blockchain solutions to Startups and Enterprises. Expert in all cryptocurrency exchange APIs (BitMEX, Bittrex, Binance, Bitfinex, Kraken, Poloniex, Gdax etc.). I have also worked with multiple Forex broker APIs.