Which of the numerous “official Bit Alpha AI website” URLs is true, and is this cryptocurrency trading bot a fraud or legitimate? We examined BitAlphaAI, which is also sometimes written with or without spaces and looks to be an automated trading platform.
Online, cryptocurrency trading bots and specialized “Bitcoin robots” are quite common; Bit Alpha AI is now trending most on social media, however it’s important to use caution as the majority of trading robots are unregulated and some are scams. We looked over the information on the Bit Alpha AI website and user reviews that we could find online.
BitAlpha AI: What is it?
Cryptocurrency exchanges frequently note that 68 to 72 percent of human traders lose money and even retail investors who simply purchase and hold frequently end up panic selling at a loss when the market corrects or don’t choose the best altcoins to buy at the right times. One of the newest trading bot programmes is Bit Alpha AI, which makes the promise that it can work as “robo advisors” to help traders be more profitable while using bitcoin and other cryptocurrencies. What does it do differently? According to Bit Alpha AI, the user can swing trade based on the state of the cryptocurrency market and have profit and stop loss orders adjusted continuously.
We were unable to confirm Bit Alpha AI’s auto trading software’s accuracy and win rate because it is not made publicly available to individuals who do not make a deposit. Only $50 is required as the minimum investment for trading robots, and a demo account is apparently made available.
The Function of BitAlpha AI
There isn’t much information available about Bit Alpha AI other than the fact that it can identify “alpha” in trading settings. Alpha is a synonym for “edge” and is frequently represented by the Greek letter. According to the Investopedia definition, trading alpha basically refers to a trading strategy’s capacity to outperform the market.
That could include take-profit (TP) order layering techniques, where to place stop loss (SL) orders, and more. See our ranking of the top cryptocurrency Twitter traders who frequently use this phrase. Bit Alpha AI, which can be used as a stand-alone cryptocurrency trading bot or linked with Meta Trader 4 (MT4) or MT5, supposedly recognises alpha in the price action (PA) of Bitcoin and other significant assets. Compared to some of the other automatic trading platforms we’ve studied, it seems to operate in a more sophisticated manner.
Key Features of BitAlpha AI
The following issues were frequently brought up by online reviewers and Bit Alpha AI testimonials, according to our Bit Alpha AI reviewers:
Strong Winrate
It’s unclear whether the claimed Bit Alpha AI win rate of 70% is overblown, but if real and reliable it would be sufficient to outperform the market over the long term. Compared to some fraudulent robot trading systems, it sounds more realistic.
Quick Withdrawals
According to Bit Alpha AI, its withdrawal time window is basically instant, taking only a few minutes to an hour to send back the bitcoin asset that was used as the deposit method. Profits can also be deposited and cashed out via a bank account or VISA, albeit these methods take a little longer to process.
Educational Resources
After depositing, Bit Alpha AI makes some instructions on how to trade and how Bit Alpha AI functions. Demo Trading Bit Alpha AI, like many cryptocurrency robots, offers a demo account; for more information on your options, visit our guide to demo trading accounts.
Nightly Trading
The Bit Alpha AI robot takes advantage of the fact that the cryptocurrency exchanges are open around-the-clock, unlike conventional financial markets that could close on weekends.
BitAlpha AI: Is it a Scam?
Numerous positive evaluations of Bit Alpha AI may be found online on sites like Reddit, TrustPilot, and other scam detection sites, but it’s unclear whether or not they’re genuine or the product of sponsored advertising. If you decide to trade with Bit Alpha AI, start with a small amount and read our reviews of other automated trading platforms first because many bot programmes are unregulated and others are known scams.
Additionally, we looked at a powerful cryptocurrency trading bot that outperformed the eToro bear market in 2022.
Bit Alpha AI Required Down Payment
A $250 minimum investment is needed to start a new trading account with Bit Alpha AI.
Support for Bit Alpha AI customers
The Bit Alpha AI website states that registered users can reach help 24 hours a day, seven days a week by email and phone.
Tutorial on Using BitAlpha AI
The steps to begin trading with Bit Alpha AI are listed below:
Step 1: Register
Go to the Bit Alpha AI website and fill out the entire sign-up form that is located on the right side of the page.
Step 2: Place a Deposit
To enrol in the Bit Alpha AI programme, applicants must initially deposit a minimum of $50. Cryptocurrencies, credit/debit cards, bank wires, and cryptocurrency can all be used to fund new user accounts.
Step 3: Demo Trade
Before placing a sizable investment, some novice traders may choose to practise trading on paper using the Bit Alpha AI platform’s demo trading feature.
Step 4: Exchange
Utilize the email instructions you got or those provided by the support team to select a trading market, such as BTC/USDT, ETH/BTC, and so on. According to reports, the Bit Alpha AI robot can either use an automated scanner to check the markets on its own or the operator can take a more active role and modify its settings.
Review of the BitAlpha AI website conclusion
In 2022, Bit Alpha AI is trending on Facebook, Reddit, and Twitter due to its alluring claims of being able to trade a variety of cryptocurrencies, including Bitcoin. However, depositors are the only ones who receive all previous performance data, so proceed with caution. We also advise only depositing a minimum of $50. Other Bit Alpha Website domains claim to have an “updated link” for this year and use alternative spellings, like BitAlphaAI and BitAlpha AI. Please click on this link.
See our list of 10+ algorithmic trading platforms for some alternatives to Bit Alpha AI; these have a better track record in the cryptocurrency sector, particularly number one, which is a real cryptocurrency exchange with automated copy trading of profitable traders with a positive ROI backtested (logged by the platform) over months.
Maintain a diverse portfolio and distribute your money over several websites to preserve your capital, have more money available to buy the drop, and remain flexible. Never overinvest in a single cryptocurrency trading bot programme or altcoin.
FAQs
BitAlpha AI: What is it?
While Bit Alpha AI is proprietary and its API is only made available to registered customers, it advertises itself as a robo adviser and cryptocurrency trading bot for Bitcoin and the major altcoins.
Is Bit Alpha AI a real company?
There seem to be a number of websites that could be Bit Alpha AI scams that use bad URLs; we present a good connection in this tutorial. We haven’t been able to independently verify the claims claimed by this automated trading platform, despite having access to the Bit Alpha AI website URL.
How many new members of Bit Alpha AI sign up?
This article includes a step-by-step tutorial on how to register for Bit Alpha AI on the company’s website. You must provide some personal information and agree to the terms and conditions.
