Bitcoin Smarter Review – Is it Scam? – CFDs and Real Cryptos
Introduction
Bitcoin Smarter is a trading platform that allows users to trade cryptocurrencies through CFDs (contracts for difference) and real cryptos. In this review, we will explore the key features of Bitcoin Smarter, how the platform works, its safety and security measures, customer support options, fees and charges, and the pros and cons of using Bitcoin Smarter. We will also address the common question of whether Bitcoin Smarter is a scam.
What is Bitcoin Smarter?
Bitcoin Smarter is a trading platform that provides users with access to a range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. The platform was launched in 2017 and has since gained popularity among traders looking to invest in cryptocurrencies.
Key features of Bitcoin Smarter include its user-friendly interface, a range of trading tools and indicators, and the ability to trade both CFDs and real cryptos.
How does Bitcoin Smarter work?
Bitcoin Smarter works by allowing users to trade cryptocurrencies through either CFDs or real cryptos. When trading through CFDs, users are essentially betting on the price movement of a cryptocurrency, rather than owning the underlying asset. This means that users can profit from both rising and falling prices.
Trading through real cryptos, on the other hand, involves buying and selling actual cryptocurrencies, with users owning the underlying asset.
The trading process on Bitcoin Smarter is straightforward. Users can choose the cryptocurrency they want to trade, set their investment amount, and either buy or sell the asset. The platform also offers a range of trading tools and indicators, such as stop-loss orders and technical analysis charts, to help users make informed trading decisions.
Advantages of using Bitcoin Smarter include its user-friendly interface, a range of trading tools and indicators, and the ability to trade both CFDs and real cryptos.
Is Bitcoin Smarter a scam?
There are many scams in the cryptocurrency industry, and it is important to be cautious when investing in any platform. However, there is no evidence to suggest that Bitcoin Smarter is a scam.
Bitcoin Smarter is a legitimate trading platform that is registered in the UK and is subject to regulation by the Financial Conduct Authority (FCA). The platform also has positive reviews from users and has been operating since 2017.
Bitcoin Smarter CFDs
CFDs (contracts for difference) allow users to trade cryptocurrencies without owning the underlying asset. Trading through CFDs means that users can profit from both rising and falling prices, and can also use leverage to increase their potential profits.
When trading through CFDs on Bitcoin Smarter, users can set their investment amount and choose whether to buy or sell the asset. The platform also offers a range of trading tools and indicators to help users make informed trading decisions.
The benefits of trading CFDs on Bitcoin Smarter include the ability to profit from both rising and falling prices, and the use of leverage to increase potential profits. However, there are also risks associated with CFD trading, such as the potential for losses to exceed initial investment amounts.
Real Cryptos on Bitcoin Smarter
Trading real cryptos on Bitcoin Smarter involves buying and selling actual cryptocurrencies, with users owning the underlying asset. This means that users can profit from price movements in the cryptocurrency market.
When trading real cryptos on Bitcoin Smarter, users can buy and sell the asset at the current market price. The platform also offers a range of trading tools and indicators to help users make informed trading decisions.
The benefits of trading real cryptos on Bitcoin Smarter include the ability to own the underlying asset and profit from price movements in the cryptocurrency market. However, there are also risks associated with trading real cryptos, such as the potential for losses if the market moves against the user's position.
Bitcoin Smarter Fees and Charges
Bitcoin Smarter charges fees for trading through both CFDs and real cryptos. The fees vary depending on the cryptocurrency being traded and the trading platform being used.
For trading through CFDs, Bitcoin Smarter charges a spread fee, which is the difference between the buy and sell price of the asset. The spread fee varies depending on the cryptocurrency being traded.
For trading real cryptos, Bitcoin Smarter charges a commission fee, which is a percentage of the total trade value. The commission fee also varies depending on the cryptocurrency being traded.
Bitcoin Smarter is transparent about its fees and charges, and provides a breakdown of the fees on its website.
Bitcoin Smarter Safety and Security
Bitcoin Smarter takes safety and security seriously and has implemented a range of measures to protect users' data and funds. The platform uses SSL encryption to protect user data and stores funds in cold storage wallets to protect against hacking and theft.
Bitcoin Smarter has also implemented two-factor authentication (2FA) to provide an additional layer of security for user accounts. In the event of a security breach, Bitcoin Smarter has a team in place to address the issue and protect user funds.
Bitcoin Smarter Customer Support
Bitcoin Smarter offers customer support through email and live chat. The platform also has a comprehensive FAQ section on its website, which provides answers to common questions.
Users can expect a response from customer support within 24 hours, and the team is generally responsive and helpful. If users need to contact customer support, it is recommended that they provide as much detail as possible to help expedite the resolution process.
Bitcoin Smarter Pros and Cons
Pros:
- User-friendly interface
- Range of trading tools and indicators
- Ability to trade both CFDs and real cryptos
- Regulation by the Financial Conduct Authority (FCA)
- Transparent fees and charges
- Strong safety and security measures
Cons:
- Limited cryptocurrencies available for trading
- Limited customer support options
- No mobile app available
Overall, Bitcoin Smarter is a legitimate trading platform that offers a range of features and tools for both CFD and real crypto trading. While there are some limitations to the platform, such as the limited cryptocurrency offerings and customer support options, the strong safety and security measures and transparent fees make it a viable option for traders.
FAQs
Is Bitcoin Smarter regulated?
Yes, Bitcoin Smarter is regulated by the Financial Conduct Authority (FCA) in the UK.
What is the minimum deposit required to use Bitcoin Smarter?
The minimum deposit required to use Bitcoin Smarter is $250.
Can I withdraw my funds from Bitcoin Smarter at any time?
Yes, users can withdraw their funds from Bitcoin Smarter at any time.
Is there a mobile app for Bitcoin Smarter?
No, there is currently no mobile app available for Bitcoin Smarter.
What payment methods are accepted on Bitcoin Smarter?
Bitcoin Smarter accepts a range of payment methods, including credit/debit cards, bank transfers, and e-wallets.
Can I use Bitcoin Smarter if I am not an experienced trader?
Yes, Bitcoin Smarter is designed to be user-friendly and accessible for traders of all experience levels.
Is there a demo account available on Bitcoin Smarter?
Yes, Bitcoin Smarter offers a demo account for users to practice trading and familiarize themselves with the platform.
How long does it take for deposits and withdrawals to be processed on Bitcoin Smarter?
Deposits and withdrawals on Bitcoin Smarter are generally processed within 24 hours.
Is it safe to use my credit card on Bitcoin Smarter?
Yes, Bitcoin Smarter uses SSL encryption to protect user data and has implemented strong safety and security measures to protect user funds.
What is the maximum amount I can trade on Bitcoin Smarter?
The maximum amount that can be traded on Bitcoin Smarter varies depending on the cryptocurrency being traded and the trading platform being used.