Real alternatives to conventional investment opportunities now exist in the form of cryptocurrencies. Of course, there are benefits and drawbacks to digital coins, as well as ups and downs, but overall, there are a lot of fascinating investment methods in this field. As a result, digital assets are becoming more and more popular. Crypto robots are a popular investing option, in addition to direct investment in bitcoin and other cryptocurrencies.
You can create a passive revenue stream if you rely on a reliable trading bot. You should be cautious when selecting a supplier because investing in virtual currency already carries some dangers. Otherwise, you have absolutely no possibility of profiting from this financial effort. In our examination of BitLQ, we discover whether BitLQ is a reputable bot.
A trading bot that specializes in cryptocurrencies is called BitLQ. This automated trading programme makes day-to-day trading for traders more simple. Everything is handled by the trading bot, from estimating price development probability to carrying out trades.
The Function of BitLQ
BitLQ utilizes a complex AI system, just as other cryptocurrency robots like Bitcoin Prime. Although the method is proprietary, it was developed using historical cryptocurrency market data. It can track price movements tick-by-tick and identify pricing patterns that are probably going to come before a directional movement.
When one of these patterns is recognised by BitLQ’s algorithm, a deal is opened on your behalf. After that, BitLQ keeps an eye on the progress of the trade and closes it when the signal fades or a profit target is reached. Your money and any winnings are refunded to your account.
Numerous crypto-fiat and crypto-crypto trade pairs are monitored by BitLQ across 14 coins. The trading platform operates around-the-clock, and its algorithm-driven pattern recognition is quicker than that of any human trader. Around 85% of the trades that the algorithm executes are closed for a profit, claims BitLQ.
Key Features of BitLQ
As part of our evaluation of BitLQ, let’s take a deeper look at some of this platform’s important features.
50+ CFD Markets for Trading
Around 14 different cryptocurrencies, including Ripple, Binance Coin, Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Bitcoin Gold, ZCash, Ethereum Classic, Cardano, IOTA, EOS, and NEO, can be traded on BitLQ. There are several trading possibilities due to the huge daily trading volume and comparatively high volatility of all of these cryptocurrencies.
BitLQ trades crypto-fiat and crypto-crypto CFDs rather than buying and selling cryptocurrencies directly. It may trade many currencies, such as BTC/USD, BTC/EUR, BTC/ETH, and more. Over 50 CFDs are tracked and traded by BitLQ in total.
The algorithm used by BitLQ can locate and complete trades in a couple of milliseconds. Its incredible speed gives it a major advantage over other robots, like Bitcode AI and Bitcoin Loophole.
This is significant because it allows BitLQ to profitably trade even little price changes. Hundreds of little profitable transactions made every day by the algorithm, which trades continuously, might result in large earnings in your account.
Independent Crypto Brokers
BitLQ is neither a brokerage or cryptocurrency exchange; it is merely a trading platform. To provide you with a trading account and to carry out trades, the site collaborates with cryptocurrency CFD brokers from all over the world.
Your name is on a segregated trading account where all of your money is kept. With custodial access to your account, BitLQ is able to initiate and complete trades on your behalf. However, the only one who can add money to or take it out of your trading account is you.
For testing the software without spending any money, BitLQ provides a demo trading mode. Beginners can use this as a wonderful opportunity to test out BitLQ and see whether it’s suited for them.
It’s also crucial for more seasoned traders because it lets you experiment with the parameters of the BitLQ algorithm. Under various market conditions, you can alter the algorithm’s conservatism or aggression, and you can optimize it to make the most money in extremely volatile or highly stable market conditions. Using a switch in your account, you may easily turn on and off demo trading.
Withdrawals are processed within 24 hours by BitLQ and its partner brokers. This is advantageous since it indicates that your position is somewhat liquid—you may simply withdraw money and swiftly transfer it to another investment if necessary. Although some of its associate brokers do, BitLQ does not impose withdrawal fees.
Does BitLQ Work?
With our evaluation of BitLQ, we aimed to provide an important clarification: BitLQ: Is it a fraud?
A legitimate service, according to BitLQ, Access to a cryptocurrency trading robot is provided by this trading software, which is totally free to use.
You can begin in demo trading mode if you’re unsure about BitLQ. This enables you to test the algorithm’s performance in hypothetical market scenarios without having to place actual transactions at risk.
How to Use BitLQ?
If you choose to move further, we’ll outline for you in this section of our BitLQ review how to do so in 4 easy steps.
Step 1: Register with BitLQ
To register for a new account, go to the BitLQ website and click “Sign Up.” To register, provide your name, email address, and phone number. Then, BitLQ will direct you to one of its partner brokers in your area, where you’ll be asked for more details in order to open an account. Most brokers demand that you provide a copy of your passport or driver’s licence as identification.
Step 2: Place a Deposit
To start an account, you must make an initial deposit of at least $250. Brokers provide a variety of deposit options, but the majority allow bank transfers, credit and debit cards, as well as e-wallets like Skrill and Neteller.
Step 3: Experiment with simulated trading
You should now have access to the trading dashboard for BitLQ. To learn how the platform functions and play with the algorithm settings, start out in demo trading mode. This is an opportunity for you to assess BitLQ’s functionality and suitability for you.
Step 4: Start Live Trading
You can start real trading when you’re prepared. Simply flip the switch in your account, and BitLQ will start making real trades with the money in your trading account right away. Watch the platform at work as you relax!
Worthwhile Advice for Novices Using Bitcoin Robots to Earn Positive Returns
Just make a little deposit
Everything can happen in the very erratic bitcoin market. As it is with any other trading instrument, it’s difficult to be entirely accurate with cryptocurrencies. Keep your investments to a minimum because they occasionally may turn out to be inaccurately projected. It will help you cut down on your losses. Always take your time and verify the correctness of your transactions.
Consider profitable trading opportunities
Today, there are several websites that discuss automatic trading options online. Professional traders promote their strategies on YouTube, and their successful methods have been illustrated using various trading instruments.
Avoid rushing things
Major triumphs will likely take some time. When creating objectives, trading strategies, and plans, take your time and think about the hazards. You should avoid making rash financial judgments since patience is just as crucial as hard labor. Once you’ve achieved your minor goals, you should unwind till the following day. You can lessen the likelihood that you will suffer a big financial loss while you are still learning.
Study current market trends.
Investors may do thorough research using the demo trading account feature before purchasing or selling a cryptocurrency. Investors may choose to invest more wisely if they understand the market’s reversal or continuation tendencies. Demo accounts enable you to learn and practise new skills and improve on old ones. You’ll be better at spotting trends if you better understand trending assets.
There is always more to learn about trading.
You may get in touch with the bitcoin robot customer support with any inquiries or grievances. Participating in online courses or taking lessons from more experienced traders are other ways you may increase your expertise. There is a plethora of knowledge on the internet. It is up to you to locate it and get knowledgeable about bitcoin trading.
This automatic cryptocurrency trading programme is legitimate, according to our assessment of BitLQ. The website claims that BitLQ has an 85 percent success rate when trading more than 50 crypto CFDs. Therefore, BitLQ is a company to take into account if you’re wanting to acquire Bitcoin CFDs.
After you’ve registered for an account with BitIQ, you may browse the app at your leisure and take all the time you need to decide whether or not to invest. Even if you’ve never traded before, you’ll be able to get started with BitIQ fast since we found the platform to be user-friendly for a variety of trader types. The BitIQ company claims that due to the market’s abundance of trading platforms that were incredibly challenging to use, novices were left much more perplexed about trading than they were before they began using the programme. This led to the development of BitIQ. To start, all you really need is a little bit of expertise about technology and cryptocurrency investing. all you have to do is create an account and set up your parameters, and you’ll be good to go.
Based on the data you give it, BitIQ’s bot uses sophisticated algorithms to find trades on the market. You may save time throughout the trading process by having it automatically place a buy or sell order after it has found a potential trading opportunity for you.
BitIQ appears to be a fantastic trading platform. With sufficient research and enough favorable evaluations, it is clear that bitIQ is a trustworthy trading platform. However, you should exercise extra caution because there are other copies of this platform. Online BitIQ reviews claim that dealing with unlicensed brokers presented some difficulties. Make sure the brokers you are working with are licensed to protect your investment.
How much can you earn with BitLQ?
The company’s website claims that BitLQ can produce up to $1 million for its subscribers in just two months. There is little doubt that this is exaggerated. There are several things to take into account when estimating what a person can do daily. We cannot guarantee a clear return because profit depends on capital investment amount, market circumstances at the time, user experience with the trading platform, cryptocurrency, and risk criteria.
What are the risks associated with trading on BitLQ?
You are still in charge of keeping an eye on the bitcoin price even though this trading bot does it for you. This is due to the fact that cryptocurrencies are quite volatile and your trading approach could not be in line with the market’s current conditions, leading to a big loss.
Is there a BitLQ app?
Yes, through a desktop. Yes. Using your browser, you can get to the BitLQ app. As a result, you won’t need to worry about installing, updating, or any other download-related issues. You may use tablets and smartphones to access this platform on the go.
Is the BitIQ App governed?
An API that BitIQ uses to link regulated brokers in real time. The software doesn’t have any centralized rules of its own. However, before using the robot, traders should confirm whether there are any local restrictions or laws governing the trading of cryptocurrencies.
How quickly can I profit with BitIQ?
Some claim to have made enormous profits the day after they began trading. Such endorsements, however, should be used with caution since they can be deceptive. How soon you can make money on this platform relies on a number of variables, including the market, your degree of platform knowledge, the market, experience, etc.
Are BitIQ Reviews Reliable?
The BitIQ technology reacts quickly to changes in the market environment. You may check into the app at any time of day to make any required modifications to your plan, then you can relax and let it handle the rest by doing nothing. As a result, it makes for great trading software for the bitcoin market.