BitQT experiences, results and tests for 2022

Mark Norgate
October 12, 2021
BitQT experiences, results and tests for 2021

BitQT is one of the most powerful online trading robots that use algorithms and technologies to facilitate automatic trading in the foreign exchange and cryptocurrency markets.

When the value of bitcoins rises and falls, the software automatically decides, based on market analysis, whether or not to invest. According to the app, with a success rate of 88 per cent, users could earn several thousands of dollars a day.

But is BitQT as good as it sounds? In this BitQT test, we will check whether this software is a scam, BitQT fake or not. We’ll also answer some of the questions that are frequently asked about the app. We will also help you with step-by-step instructions for opening a trading account.

Table of Contents

Advantages and disadvantages of BitQT at a glance: The BitQT experiences
  • A good entry into the world of crypto trading
  • No fees or commissions
  • Quick and easy registration
  • Free demo account
  • 24/7 customer service
  • The profit statements on the website are a bit exaggerated
  • No mobile app
  • Crypto trading is always risky
What is BitQT?

BitQT was created in 2017 by a team of Bitcoin brokers. The inventors behind BitQT claim they can process Bitcoin deals 0.01 seconds faster than their competitors. With faster trades, the team believes it can beat other auto trading platforms to benefit from market trends – at least that’s what the BitQT homepage says.

BitQT experiences, results and tests

Even today, investors don’t know who created BitQT. Currently, rumour has it that it was built by a team of well-connected brokers. Since they already had experience with their platforms, working together on BitQT allowed them to create an even better algorithm. Because of their efforts, users can leverage a simple, robust platform for automated investments.

So, ultimately, BitQT is an automated trading robot that uses Artificial Intelligence (AI) and algorithms to trade cryptocurrency with a variety of brokers automatically.

Essentially, the robot uses historical data to derive optimal entry and exit points for trades and automatically places trades according to these calculations to maximise profits.

The trading robot monitors and scans the market around the clock and automatically places a trade as soon as one of the previously defined conditions is met.

How does BitQT work?

BitQT is very similar to other trading robots in the industry and claims to offer automated trading software that can generate profits for its users.

While it is impossible to know precisely how this technology works, it is essential to note that there are recently many new trading robots in the cryptocurrency market.

The high-frequency (HFT) trading debate is essentially about the morale of automated trading machines in the financial markets.

However, since the early 1990s, many automated trading machines have worked on the stock and foreign exchange markets and are entirely legal.

BitQT does not charge users to access the software. Instead of using a subscription model, the app focuses on a large volume of trading. Because of this, the creators only get 1 per cent profit on successful trades. If your trades are unsuccessful, you won’t pay a dime for the platform.

BitQT Register – Our step-by-step guide

It is very easy to sign up for BitQT. So that no questions remain unanswered, we have provided these clear step-by-step instructions. Clicking on this link will take you to the home page and go to step 1

BitQT experiences, results and tests

Step 1: The BitQT registration

Before you can start making any profits, you need to log in and have an account with the app.

To do this, go to the BitQT website and fill out the registration form. All you need is an email address, your name and a telephone number. Then all you need to do is create a password to secure your account.

When this step is completed, you will be automatically connected to one of the platform’s brokers.

You do not need to submit any identification documents at the time of registration.

Step 2: The BitQT demo account

One of the best things about BitQT is that it has a free demo account. Once you’ve created a demo account, the app will give you a tour.

You can then try using the auto-trade button with an imaginary $ 1,500 balance to see how the app works.

As soon as the registration and opening of a customer account have worked without any problems, you can take a close look at the trading platform in a demo mode and test the functions of the trading robot.

This area does not pose any financial risk to you.

Step 3: Create a live account with BitQT

When you’ve spent enough time practising, you can try using a live account.

  • Open Transactions: This option allows you to open the app’s operations console.
  • Control panel: In this area, you can see all the app’s settings and make adjustments. You can also see the success of your portfolio here.
  • Live / Demo Account: With this function, you can choose whether to use a demo or a live account.
  • Trade History: This option allows you to view all your positive and hostile transactions.

With BitQT, you can trade Bitcoin, Litecoin, Ripple and Ethereum. In addition, the app enables currency pairs to be traded between different cryptocurrencies, the euro and the US dollar. After you’ve chosen how much you want to trade, all that’s left to do is make your first deposit.

Step 4: deposit

After practising with the demo account for some time, it’s time to create a live account.

All you need to do is make a $ 250 investment to get started.

After making a profit, you can reinvest your profit or withdraw your money.

With BitQT, you can use Mastercard, Visa, American Express, Discover Network, and Neteller.

New traders shouldn’t deposit more than $ 250 for the time being. With this sum, you can gain initial experience without investing all of your savings.

But even experienced traders have the opportunity to put the platform through its paces with such a sum.

Step 5: live trading

As soon as the money has finally reached the customer’s account, it is time to begin trading.

After you are connected to the broker’s trading platform, and the money has been deposited into your account, you can activate the BitQT software.

A trading robot is a program that has been equipped with an algorithm. The mathematical formula allows the software to perceive the smallest price fluctuations and to carry out several purchases and sales per minute.

However, using a robot is not a guarantee of profit. 

However, you always have the option to take the robot offline again.

This is particularly recommended in the case of a long-term poor market situation. The program does not recognise them and will continue to buy and sell. However, as soon as the market has recovered, the software can be left to do its job again.

BitQT app – does it exist?

BitQT experiences, results and tests

The platform supports access from a PC as well as from a laptop, tablet or smartphone.

An application that is specially optimised for access from a mobile device does not yet exist. However, according to the homepage, it is under development. However, in our test, we were also able to use the web app well from the mobile phone.

Is BitQT a scam or a reputable provider?

Our test shows: BitQT is a reputable provider and not a scam. However, there was a lot of advertising for BitQT. Partly this was published in popular TV shows and in Facebook ads.

Over time, there were even rumours of endorsements from Richard Branson, Elon Musk, Frank Thelen, and Gordon Ramsey. However, this is not the truth. In advertising, a product often appears better than it is.

In 2017, bitcoins were worth more than $ 20,000 each. People who invested in bitcoins before this peak got extremely rich. Unlike other platforms, BitQT makes all of your Bitcoin trades automatically. Depending on the market situation, a success rate of 88 per cent should be achieved.

BitQT states that it can achieve the best possible success rate if investors follow a Fibonacci strategy and 10-minute intervals for their investments. If you are a new investor, you may want to experiment with BitQT before using real money. Like many trading apps, BitQT offers a risk-free demo that you can use to experiment with the app.

BitQT experiences from Wikipedia and the forum

There are now many different testimonials from external websites. These suggest that there have been some users in the past who have benefited from the algorithm. So a BitQT fake seems unlikely.

From this, one can conclude that the bot can be classified as legitimate. Nevertheless, all operators should make people aware of the trade-in Bitcoin and other currencies money earning and what kind of loss can be.

Therefore, always keep in mind that profits are not guaranteed, and you can lose your money when trading with this or any other trading robot. Therefore, invest only as much money as you are willing to lose.

Conclusion on the BitQT test

BitQT experiences, results and tests

BitQT’s website is up and running, has good customer service and is exceptionally well known in the cryptocurrency community.

Although BitQT claims it can generate thousands of dollars a day and the reviews online seem to confirm it, it is still regular trading software, and the risks in trading remain. It is also not true that celebrities like Frank Thelen should have invested.

If you decide to trade with BitQT, we recommend starting with the minimum deposit amount and not taking too much risk.

However, any trader should never entirely rely on the robot to make a profit from trading cryptocurrencies. If you are new to cryptocurrency trading, it becomes all the more relevant. It is always good to have a variety of cryptocurrency investments to protect yourself from market volatility.

This is especially true if you are thinking about leveraged trading, which experienced traders should only attempt.

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FAQs

BitQT is a crypto robot designed to generate automatic profits. In trading, however, there is always risk to be expected. A total loss of the system must be expected under certain circumstances.

The robot is an investment experiment. There can never be any question of certain profits. Profits are possible but not guaranteed.

BitQT does not appear to be a scam. However, some of the statements on BitQT’s website about the size of the winnings are almost certainly exaggerated.

This question can not be answered generally. It seems that you can make a profit with BitQT, but of course there is no guarantee of that. With a small investment, however, you can learn a lot about the market and what is going on. Which is generally to be rated as very positive.

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