Bitcoin Profit is a brand new product in the cryptocurrency market, a first-class trading platform for automated trading using the latest algorithms to analyze, collect data and provide the most comfortable trading conditions for both beginners and experienced crypto traders.
Specifically for you, we have written a small guide to help beginners understand the functionality of the program, talk about the pros and cons of the project, its unique functions, and, in general, help you navigate the difficult world of crypto trading.
Bitcoin Profit has a whole set of unique features that will impress any trader.
For starters, there is an incredible algorithm at the heart of the project, which allows, with a high degree of probability, to “calculate” the probability of success of a particular trade deal.
Of course, Bitcoin Profit is not Nostradamus and it definitely cannot predict the outcome of the deal with 100 percent probability. However, in any case, the algorithm at the heart of Bitcoin Profit works quite accurately and will be able to tell you the optimal trading solution.
After registration, a Personal Trading Advisor will be automatically attached to your account, which will advise you on any questions regarding trading on the Bitcoin Profit platform.
Fast withdrawals/availability of various withdrawal methods - you do not have to wait 3 days to withdraw your funds from the platform, on average it takes a maximum of a day (and usually withdrawals occur within a few minutes), and you have a huge number of withdrawal methods at your disposal, such as to the card, as well as to electronic and crypto-wallets.
An extremely high percentage of successful transactions - on Bitcoin Profit this indicator reaches an incredible 90 percent, which overshadows the results of many other similarly functional trading platforms!
Demo Account for Bitcoin Profit. Bitcoin Profit allows you to test your trading skills on a special demo account, where you will have a virtual deposit instead of real money. The demo account works exactly like a live trading account, so it will be the ideal practice for a beginner crypto trader.
The registration process is standard and will take you no more than a few minutes.
All you have to do is provide the platform with basic data (name, surname, email, phone number, etc.), and then, optionally, verify your account in order to increase its status and the ability to withdraw more funds.
Then you will have the opportunity to deposit money into your trading account, but before that, we recommend that you test the demo account to “practice” your trading skills.
Sometimes the risks you’re unintentionally taking while trading cryptocurrencies, not only can deprive the investor of profits, but also lead to (sometimes huge) losses accordingly.
This usually happens when the risk is incorrectly assessed and the strategy is not suitable. Risk is an integral part of working with cryptocurrencies, but luckily for you, it’s now always should be that ugly - with a proper and well-thought risk-management strategy you can always reduce your risks down to a comfortable minimum.
First, think very carefully about your investment strategy and risk management. Before you make your deposit on the trading platform (be it Bitcoin Profit or Binance), you must know in advance which coins you will buy, for how long you’re willing to hold it, what amount, and so on.
Are you going to place sell and buy limit orders or are you going to buy/sell at the market price?
Will you trade spots or futures on Bitcoin Profit?
At what price point are you willing to sell your coins and for how much?
What price goals are you targeting for each of the selected coins on Bitcoin Profit?
All of these questions better be answered before you get on hands-on your deposit money.
One of the best ways to protect your investments from potential losses is to choose a trading strategy where most of your investments will be in the most fundamental cryptocurrencies, like Ethereum or Bitcoin, with high liquidity.
Thus, you will feel relatively calm even during periods of price downturns, as due to the strong fundamentals, the above coins are likely to rise in value again.
By the way, on Bitcoin Profit you shouldn't buy the selected coins at one time, for the entire amount of the deposit - this is at least not a very reasonable decision, that might potentially lead to some unexpected losses in the future.
It is better to constantly buy an asset during the entire recession period, so you can average the price.
Better yet, place a series of limit orders for the purchase/sale of a particular asset (where for each order you set the amount and number of coins separately) to fully automate the process and be sure that you bought or sold your asset at the most favorable prices.
If you are aiming for quick earnings, then part of your investment portfolio can also be allocated for buying the most promising and fastest-growing altcoins, such as Floki Inu, DogeCoin, or Shiba Inu. Such coins, as a rule, are not backed by anything (except for people's belief in their potential), but in practice, they give the greatest profit.
Of course, you will need to store your tokens somewhere, and for this, there are different types of crypto-wallets - cold, hot, exchanges, and so on.
Cold wallets are also called hardware wallets and do not have access to the network, that is, they are almost impossible to be hacked.
You still have to keep the bulk of your assets on the Bitcoin Profit exchange, at least in order to somehow actively interact with them - buy, sell, place limit orders, trade futures, and so on.
Some of the coins can also be stored in decentralized wallets such as Metamask. In general, as with literally everything else, diversification is one of the keys to a well-thought-out risk management strategy.
Speaking of cold wallets - no doubt you’ve probably heard about the Ledger Nano and Trezor - these are just cold wallets. Hot wallets include all types of wallets that have a connection to the network, including decentralized wallets such as Metamask and Trust Wallet.
At the same time, we’re not saying that you keep your savings exclusively in cold wallets, since this is, to put it mildly, not very practical (after all, you need to trade somehow?). Therefore, keep in cold wallets only those assets that you are definitely not going to sell in the next few months, or even years.
Bitcoin Profit is an automated trading platform for crypto assets trading, developed using sophisticated algorithms to ensure optimal trading.
Of course, Bitcoin Profit is legit, we can confidently say that since our verdict is based on actual experience with the platform.
In our opinion, Bitcoin Profit is completely legitimate and highly functional. The platform has long established itself in the cryptocurrency trading platforms market and will be an ideal “starting point of entry” into the world of crypto for any newbie trader.
Bitcoin Profit is one of the few cryptocurrency exchanges with liquid pairs that do not require verification. It is suitable for beginners, professional traders, and long-term investors:
Beginners will receive a simple trading interface and a built-in algorithm for building up and maintaining the proper trading strategy.
Investors will get a huge number of different liquid pairs.
Professional traders will get discounts on trading commissions depending on the trading volume.