Trading software like Bitcoin Era is among a growing number of so-called bots that claim to help crypto investors accelerate their profits by reading the price movements of the markets.
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Trading software like Bitcoin Era is among a growing number of so-called bots that claim to help crypto investors accelerate their profits by reading the price movements of the markets.
Trading automation has been around for some time, and many traders spend a lot of time not trading, but searching for that elusive silver-bullet bot that will deliver staggering returns and allow them to retire to a remote island retreat.
To deliver the dream boat, however, they need a dream bot. The big question is whether such a bot exists. The jury is still out on an industry awash with elaborate scams.
Here, in this review of Bitcoin Era, we will thoroughly test and evaluate the trading system to determine its authenticity.
What is Bitcoin Era?
The Bitcoin Era website describes the software as a product of superior technology and advanced programming techniques. Because of this, the website claims that the trading software is able to achieve 99.4% accuracy in predicting Bitcoin prices. Although it is optimised for trading a range of cryptocurrencies, Bitcoin makes up around 52% of Bitcoin Era’s target crypto markets. The software also has a mobile app to enable cross-platform use.
Who is behind Bitcoin Era?
The available information about the people behind Bitcoin Era is unclear. However, our research has shown that many reputable brokers maintain the software to provide the best cryptocurrency trading experience for the user. A majority of brokers allow users to access their trading accounts through the Bitcoin Era app, which is one of the things that sets this platform apart.
How to use Bitcoin Era
Getting started with Bitcoin Era
To register with Bitcoin Era, you must first enter your full name and a working email address. You then click the “CONTINUE” button, which will take you to another field to enter an active and verifiable phone number. Click the “CONTINUE” button again to proceed to the last step, which involves entering the password to protect the account. Click “CONTINUE” one last time and then wait for a phone call as well as an email message. During the call, a customer service representative will ask you a few questions, including your desire to trade cryptocurrencies, and answer all of your questions. After the details are verified, you will be redirected to the trading platform to complete the registration process.
Demo account
Since Bitcoin Era is said to be specifically designed as an automated trading software as a crypto robot, a Bitcoin Era account alone is not enough if you want to trade. For this reason, the trading robot works with various brokers around the world to facilitate market access. Therefore, the trading platform you are directed to should belong to the most suitable broker based on Bitcoin Era’s criteria. Bitcoin Era and the affiliated broker offer new users the opportunity to test the trading environment by opening a demo account. From this account, you take positions on the market using dummy funds provided by the trading platform. Apart from familiarising yourself with the software, this account is designed to help you learn the best techniques for setting risk management levels. This means learning how to best use stop loss and take profit orders.
Deposit money
We advise that you only activate live trading after you have familiarised yourself with the trading platform and know how to use the trading software to automate the bot. We learned that Bitcoin Era accepts $250 as a minimum deposit, but users can go up to $30,000, but it depends on the payment options you choose. Direct bank transfers only allow deposits up to $2,000. We also learned that users can deposit money into their accounts through a variety of channels, including PayPal, as well as traditional payment providers.
Start trading
Trading with Bitcoin Era can be automated or manual. For manual trades, make sure the trading robot is turned off by switching the “ACTIVATE” button to “OFF” mode. Similarly, ensure that the status of the software is “ON” to activate automation. To trade for the first time, it is advisable to use the lowest available leverage and take smaller positions. This is to avoid cases where you lose everything in the account if the market turns against your position.
Key features of the Bitcoin era
Bitcoin Era is reported to stand out in a number of new cryptocurrency trading robots based on advanced technology. Here we highlight some of the features we read about online.
Payouts
In the last 24 hours prior to this report, the lowest earner reported on the Bitcoin Era website received $79, while the highest earned $769. This information, if authentic, would certainly highlight the performance of the Bitcoin Era algorithm in terms of analysing and interpreting market data. However, several factors may lead to lower performance. Some of these factors include the amount of the deposit in your account, the size of the trade and market movements – which are beyond your control.
Verification system
The moment you click “CONTINUE” for the last time when registering for a Bitcoin Era account, a call will come in via the phone number you provided. During the call, a Bitcoin Era customer service representative will ask you some questions about the details you have provided. The aim is probably to verify the accuracy of the details to make sure you are a genuine person looking for real bitcoin trading opportunities. Once you are handed over to the connected broker, you will provide further details such as banking information to facilitate the transfer of funds between your bank account and your Bitcoin Era account. Again, the broker will need at least 24 hours to verify the details.
The withdrawal process for Bitcoin Era.
It is reported that Bitcoin Era’s withdrawal process is quick and easy. Users can withdraw money at any time and as much as they want, as long as the account has some funds. Bitcoin Era has no limit on the amount of money you can request to withdraw from your account.
However, you may want to confirm with the payment provider you are using first as some may not move a certain amount of money due to AML compliance. Once you have withdrawn from your Bitcoin Era account, the money will arrive without delay, although some payment providers may take longer to complete the transaction.
Costs and fees
Registering for a Bitcoin Era account is free. The only time you have to spend money is when you fund your account. You don’t pay any commissions or fees when you withdraw, which means 100% of the funds are yours. Bitcoin Era users report that the software has no hidden fees and no part of your money magically disappears during the withdrawal process. However, we always recommend that you take the time to carefully review the terms and conditions.
Customer service
As mentioned earlier in this review, a Bitcoin Era customer service representative will likely contact you immediately after you submit your registration details. This is the phone number you can use to communicate with customer service if a problem arises on your end. In addition, the customer service team has an email address that is active 24/7. In our experience, messages sent to the email are answered in less than four hours.
Affiliated brokers
Various brokers from around the world service the Bitcoin Era software. Brokers are the link between the trader and the cryptocurrency market. Once your account is set up, the site will automatically update to a trading platform owned by the affiliated broker.
When you use the trading app, an algorithm searches the market for the most suitable broker and the trading platform can be displayed in the app. But for web users, the redirect to the trading platforms of the affiliated brokers is just a redirect. The Bitcoin Era software appears as an integral part of the trading platform and can be activated simply by switching it “ON” or “OFF”.
Is Bitcoin Era a scam?
A new era of investing is unfolding through Bitcoin trading, but fraud is also rife. For this reason, potential achievers have gotten cold feet when thinking about entering the market and using software like Bitcoin Era. For this reason, we have spent long and careful hours determining the legitimacy of Bitcoin Era software.
We came across thousands of testimonials and reviews on the internet praising the trading experience they had when using the trading robot. Users have also not spared to describe their positive experiences with the connected brokers. This background seems to lend weight to the fact that Bitcoin Era is a reliable software that can bring legitimate earnings to its users.
Bitcoin Era: What differentiates it from competitors?
We compared Bitcoin Era with a number of other trading bots, including Bitcoin Code and Bitcoin Prime, to name just two. We found that it performed quite well and under certain conditions, such as when the markets were moving, Bitcoin Era had a strike rate of 70 percent. That means that 30 per cent of the trades that the algorithm picked were losers and 70 per cent were winners, with a total tax increase of around 30 per cent. So not the best, but not too shabby either. When you consider that hedge fund managers are more than happy with such returns over time, it shows that Bitcoin Era is worth the small investment of time and money.
Bitcoin Era is capable of making a high number of trades every minute and removes the guesswork from trading. Of course, as the saying goes, bad data in, bad data out, so you need to invest time in getting your parameters right. Once you’ve done that, you can run Bitcoin Era and make small profits from the markets while you work, rest and play.
The only thing that really needs to be taken care of is that market conditions change. If this is the case, you may need to intervene and tweak your bot to optimise its performance. Overall, however, we found Bitcoin Era to be a solid little bot and worth a look.
Bitcoin Era: Our conclusion
Bitcoin Era is a robust competitor in the retail algorithmic trading space. Our experience with this bot is that it works well when set up properly and used in different markets. Compared to other trading bots, it outperformed most but was not quite as good as Bitcoin Code. However, Bitcoin Code was only tested in a bull market and it is a fact that most bots are more effective when there is a strong trend in play.
Although the available information about the team behind Bitcoin Era is sparse, this is fairly typical of bot developers who don’t like to make their details public. The reason for this is that market conditions lead to exceptionally high volatility occurring from time to time, and any bot can tell you that they don’t want to be in the firing line when this is the case. However, our research has shown that a number of good brokers recommend Bitcoin Era as one of the best cryptocurrency trading algorithms for generating passive income.
Overall, Bitcoin Era is far superior to many of the other trading bots out there that can be reliably labelled as scams. The user experience of working with Bitcoin Era is solid and the returns are impressive when placed side-by-side with the returns of similar passive income generators. However, it is important to understand the limitations of any bot.
A bot is simply an algo and will simply respond mathematically and without emotion if certain conditions are met. If these conditions do not occur because the nature of the market has changed, it is possible that the bot will not make you money and in some cases may lose you money. In short, always pay attention to the risks, learn as much as you can about trading and never bet more money than you can really afford to lose.