BitAlpha AI Review – Trending Trading Robot
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AI stands for artificial intelligence, and so-called AI trading platforms are increasingly popular given the difficulty of trading the volatile cryptocurrency markets for a sustainable profit. Is BitAlpha AI safe to use though?
BitAlpha AI Overview
Below is a summary of this new Bitcoin trading bot – which also supports altcoin trading on major pairs:
| Platform Type | AI Trading Tool |
| Minimum Investment | $50 |
| Mobile App | Yes – web app |
| Withdrawal Window | Instant |
| Asset Support | BTC, ETH, XRP, LTC – big cap altcoins |
| Fees & Commissions | None |
| Claimed Success Rate | 80%+ |
Invest responsibly. Your capital is at risk.
What is BitAlpha AI?
BitAlpha AI is a automated trading platform that reportedly uses algorithms, i.e. artificial intelligence (AI trading) similar to other ‘robo advisors’ or ‘bots’.
According to the BitAlpha AI website, their program is able to monitor the 24/7/365 cryptocurrency markets for potentially profitable scalping opportunities, and the user can also take a hands-on approach and calibrate the settings of the BitAlpha AI bot themselves if they wish.
Users should be aware that all trading involves risk and start with a minimum deposit on BitAlpha AI – many crypto trading bot programs are unregulated and some are scams. Given how new this Bitcoin robot is, its difficult to verify whether its claimed winrate is accurate.
BitAlpha AI Pros & Cons
Pros:
- Auto trading of BTC and other cryptos
- Demo account provided
- Popular online in trading circles
- Viral trending trading bot on social media
Cons:
- $50 minimum deposit
- Little information on who owns BitAlpha AI
Invest responsibly. Your capital is at risk.
How Does BitAlpha AI Work?
BitAlpha AI claims to use an artificial intelligence algorithm to determine price moves in the crypto market and make small trades to capitalize on these moves for growth. To do this, the BitAlpha AI website says it uses various Tradingview technical indicators such as pivot points, exponential moving averages, and Stoch RSI.
In addition to the TA tools for technical analysis, BitAlpha AI reportedly monitors Twitter engagement for mentions of a the crypto asset it is trading, such as hashtags and cashtags.
BitAlpha AI Key Features
Below are some of the main USPs (unique selling points) of BitAlpha AI:
Multiple Deposit and Withdrawal Methods
The BitAlpha AI platform supports more payment methods than most trading robots, including bank transfers, eWallets, and credit or debit cards.
Another benefit is that BitAlpha AI claims to have a shorter withdrawal window than others. While other Bitcoin trading software have a 24-hour window, our BitAlpha AI review revealed a 3-hour window.
Simple to Use, Flexible
Although an automated trading software, BitAlpha AI still gives users some control over its operations. Investors can easily adjust their settings before trades are executed, like the risk parameters. This offers a manual trading experience for users who are more hands-on in their trading style.
24/7 Crypto Market Monitoring
The BitAlpha AI algorithm is able to monitor the cryptocurrency market on a 24/7 basis without breaks. This enables the platform to trade around the periods of highest volatility each day, when markets in the US, then Asia, and then Europe open. Overall, 24/7 operation creates more opportunities for crypto trading.
Demo Account
AlphaAI has a built-in demo trading account that traders can use to test out the platform. This demo account is free to use and offers a way to try out the software without risking money on live trades. Traders can also use the demo account as an opportunity to configure the platform’s settings and to evaluate how this trading robot performs under current crypto market conditions.
BitAlpha AI Fees
Below, we highlight the key fees the BitAlpha AI platform charges:
| Account Opening Fee | None |
| Deposit | None |
| Registration fee | None |
| Inactivity Fee | None |
| Commission | 0.1% |
| Withdrawal Fee | None |
Is BitAlpha AI a Scam?
Several BitAlpha AI reviews have tried to determine the legitimacy of this platform. We advise investors to be cautious while using the software, and weren’t able to verify its winrate of accuracy claims prior to depositing.
BitAlpha AI does not offer much information concerning its developers. However that’s not uncommon in the crypto space due to privacy reasons, especially with proprietary crypto trading bot tools.
There isn’t yet a BitAlpha AI TrustPilot page, or Reddit subforum. Also see our reviews of the best cryptos to buy on Reddit.
Did Elon Musk Mention BitAlpha AI?
Online reports of celebrity endorsements of BitAlpha AI appear exaggerated. While Elon Musk of Tesla and SpaceX fame has tweeted about NFTs and crypto assets such as Bitcoin, Shiba Inu and Dogecoin – see our guide to shitcoins – he hasn’t yet mentioned any crypto trading bot tools.
So rumors online of a BitAlpha AI Tesla connection – and also some regarding Amazon and Jeff Bezos – appear unfounded. There is another trading crypto robot named ‘Teslacoin‘ however which is also popular among altcoin traders.
BitAlpha AI Minimum Deposit
BitAlpha AI stipulates a minimum deposit of $50, alongside a demo account being available to paper trade with for practice. That min deposit is cheaper than other popular crypto robots such as Bitcoin 360 Ai or BitTrader.
According the the BitAlphaAI website withdrawals can be made at any time.
BitAlpha AI Customer Support
BitAlpha AI offers customer support through a contact from on the platform’s website. Any trader can get in touch through this form, including traders who have not yet created a BitAlpha AI account.
How to Use BitAlpha AI
Ready to try trading cryptocurrencies with BitAlpha AI? In this part of our BitAlpha AI review, we’ll explain how to sign up for the platform and begin trading.
Step 1: Sign Up
To join BitAlpha AI, head to the BitAlpha AI website and fill in the sign up form. Then select ‘Register Now.’
Step 2: Deposit Funds
BitAlpha AI requires all new traders to make a minimum deposit of $50. Payment can be made by credit card, debit card, bank transfer, or e-wallet.
Step 3: Demo Trading
Traders can get started trading with BitAlpha AI in demo mode. This provides an opportunity for traders to evaluate the platform’s performance and decide whether its approach to trading is right for them.
Step 4: Start Trading
When ready, traders can reportedly activate live trading in BitAlpha AI using a toggle in the platform’s dashboard. BitAlpha AI will immediately begin trading live cryptocurrencies on a user’s behalf.
The Verdict
BitAlpha AI has been going viral online and many testimonials are positive. However not much third party auditing or backtesting has been made available to the public, i.e. those that don’t register an account and deposit.
We’d recommend proceeding with caution if you do decide to invest with BitAlpha AI. Also see our reviews of the latest crypto presales – those can often be a high ROI investment and an alternative to day trading.
Invest responsibly. Your capital is at risk.
FAQs
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