Bitindex Prime Review – Scam or Legit?

Spending hours scanning the market for profitable opportunities can be a huge task. With multiple assets to monitor and little time to research, crypto investors can easily get overwhelmed. To address this challenge, many specialised Bitcoin trading platforms are emerging. One of such platforms is Bitindex Prime, which automates the trading process for investors.

In this Bitindex Prime review, we will explore the key features of the automated trading software and how to get started.

Bitindex Prime Summary

Below, we itemise cogent details surrounding Bitindex Prime and what investors should look out for.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

What is Bitindex Prime?

The crypto trading industry hit a $3 trillion valuation last year. Given this, more investors are searching for the best means to limit their risk exposure to volatile assets. Bitindex Prime is a crypto-focused trading platform. The platform uses automated trading software or artificial intelligence (AI) to search for profitable trading opportunities for investors.

Due to its reliance on complex algorithms, Bitindex Prime runs autonomously and does not require a lot of human input. The cryptocurrency trading software can identify profitable ideas and set trading limits, like stop loss and take profit, essentially trading on behalf of the investor. Its sophisticated algorithm makes it super-fast. Bitindex Prime claims that it is 0.01 seconds faster than the general market. Using high-end strategies, Bitindex Prime promises a winning rate of 85% on trades.

The automated trading software is also a learning space for crypto newbies getting started in the cryptocurrency market. It is also suitable for advanced investors as it enables them to trade efficiently and conveniently with little involvement.

Our Bitindex Prime reviews revealed that the platform is only focused on trading the first crypto asset, Bitcoin. Essentially, investors can only generate trading signals or ideas for Bitcoin trading. The Bitindex Prime team says this decision stems from the need to provide quality service. Hence, if an investor intends to automate investments in more digital assets like altcoins, Bitindex Prime may not be right for them.

Bitcoin trading on the platform is majorly executed as crypto CFDs. CFD, which stands for contract for difference, is a financial derivative instrument by which investors set a purchase and selling price before a contract is executed. The difference between purchasing and selling prices determines profit or loss. CFDs are becoming increasingly popular due to the benefits they offer. For one, an investor only trades the underlying asset’s price movements and does not need to physically hold the asset in their wallet, promoting the safety of the assets. However, since crypto trading is largely risky, investors are advised to interact with this software cautiously.

Bitindex Prime offers reasonable leverage of 1:100 for investors to increase their potential profits. However, leveraged trading comes with significant risks, so we advise investors to use this feature cautiously.

Investors who intend to use the automated Bitcoin trading software will have to make a minimum investment of $250. This is largely used for scanning the market for profitable trades. Aside from this, there are no fees for using or operating the software.

Additionally, users are offered two options in making their withdrawals. Our Bitindex Prime review shows that users can withdraw to their bank accounts or use a digital wallet. Bank account withdrawals are processed within a 24-hour window, while digital wallets are processed almost instantly, without fees.

For convenience, the Bitindex Prime team launched a mobile software version. Bitindex Prime is operational across recent smartphone devices, allowing users to trade Bitcoin on the go.

Bitindex Prime Pros & Cons

The Bitindex Prime trading software has its advantages and disadvantages:

How Does Bitindex Prime Work?

Like most automated trading software seeking to trade cryptos with the most potential efficiently, the Bitindex Prime software was developed to automate the crypto trading process. The platform can identify profitable trades and automatically act on the evaluated data. Users can allow Bitindex Prime to set their entry and exit price, stop loss (SL) and take profit (TP).

To do this, the Bitindex Prime software considers the technical and fundamental analysis of the asset in question to give a better overview of its trajectory. Its use of CFD trading means users will only get a market forecast for either a buy or sell signal. This information is automatically forwarded to its partner brokers, who then execute the trades on behalf of the investors. Once the profit is received, the funds are sent directly to the user’s trading account for withdrawal.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Bitindex Prime Key Features

Investors may be keen on knowing the core features of Bitindex Prime. Below, we highlight five core attributes:

Asset Specific

While other crypto trading software come with multiple asset support, Bitindex Prime only allows trading for Bitcoin. The team has said its decision boils down to quality over quantity as they believe Bitcoin is the most viable investment asset. However, this could also be a weakness because this singular trading option may deter investors seeking to diversify their portfolios and invest in the best new cryptocurrency.

Beginner-Friendly

The Bitindex Prime platform is beginner-focused despite running on complex algorithms. The platform is easy to use and navigate. Users can use the learning hub to understand how Bitindex Prime works and generates its claimed winning rate of 85%.

AI-Powered

Instead of relying on human intelligence and role, the Bitindex Prime software uses AI technology. This makes it faster and more capable of identifying potentially profitable moves. The lack of human emotions also makes it unbiased as it can easily exit a losing trade and ride the bullish waves to generate optimal profits for investors.

Demo Trading

Adding to its appeal, the Bitindex Prime platform offers a demo feature. With it, users can learn how the software works by using a dummy account and fake funds. They can tweak the software settings like their risk parameters and toggle other settings to their preference.

Leveraged Trading

Bitindex Prime allows users to generate more trade profits by borrowing from its associated brokers. The platform offers a 100:1 ratio, which means a user will get up to $100 for every $1 trade they execute on Bitindex Prime. However, leveraged trading is a highly risky venture, and investors should use this feature with caution.

Bitindex Prime Fees

A platform’s fee structure is one of the key considerations for first-time users of the platform. To answer this query, we have previewed the automated trading software in our Bitindex Prime review:

The table shows that Bitindex Prime does not charge any fees from users for using the platform beside the $250 initial investment.

Is Bitindex Prime a Scam?

Is Bitindex Prime a scam? Our Bitindex Prime review has not been able to verify this. For one, the software’s claim of 85% is highly improbable in the crypto space. Cryptocurrencies are volatile, which means their prices change quite often. A 20% uptrend could suddenly switch to a dip within minutes, making it hard to lock in profits.

Also, the lack of data on its developers brings up another issue. Although anonymous developers are a common feature in crypto, knowing the brains behind a project builds trust and makes it easy for users to reach out if there are issues to address.

However, the platform claims to work with online brokers to facilitate trades. These brokers are known to come under intense supervision from multiple agencies. This would naturally require them to vet the authenticity of the Bitindex Prime software.

Still, we advise users to be cautious while using the software.

Bitindex Prime Minimum Deposit

Our Bitindex Prime review shows that the software has an initial minimum deposit of $250. This deposit will serve as an investor’s first capital and what the investor will use to place their first trades. It will also be used in scanning the market for profitable trades.

Bitindex Prime Customer Support

According to its website, Bitindex Prime offers 24/7 customer support services for users. Investors can easily reach out to the support team via email or phone call.

How to Use Bitindex Prime

To get started on Bitindex Prime, follow these detailed steps:

Step 1: Create an account

Visit the Bitindex Prime website to create a new trading account. In the signup form on the far right corner of the website, fill in the following: full name, email, and mobile number.

Tap on the “Register for Free’ button to proceed to the next stage.

Step 2: Speak to a Trusted Broker

Once the registration is complete, the Bitindex Prime app will connect the user to one of its associated brokers. The personnel will guide the user through the remaining setup steps and how to use the software.

Step 3: Deposit

Our Bitindex Prime review indicates that the platform supports multiple deposit methods. To fund an account with the $250 minimum, an investor can either make a bank transfer, use credit/debit cards, or use e-wallet solutions like PayPal and Skrill.

Step 4: Demo Trading

This step is optional. However, we advise investors to utilise it for a Bitindex Prime test. Use the demo trading feature to understand the platform’s operations. This will let an investor tweak and toggle the settings, like the risk parameters, before going live.

Step 5: Live Trade

The final step is to start trading live. To do this, tap on the ‘Live’ icon on the top of your dashboard and start trading with the deposited funds. Remember that trading is a risky venture. Investors should deal cautiously with this software.

The Verdict

Our Bitindex Prime review has covered all the essential details about the platform and how to begin using it. We have also answered the question, “is Bitindex Prime legit?” Bitindex Prime is a sophisticated automated trading system that can assist both novice and seasoned traders in navigating the unpredictable cryptocurrency market. The computerised crypto trading software boasts many amazing features to help users maximise their time spent trading cryptocurrencies.

While the sizable returns may be a huge attraction for many, we advise investors to use this platform cautiously as trading is a very risky venture. Also most crypto trading bot software is unregulated, and some platforms are scams. Deposit the minimum when trying out a new crypto bot, and test out a withdrawal early on before committing to a larger deposit.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

FAQs