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Bitcoin and other cryptocurrencies are no longer a preserve of techies who are out for some adventure, but a mainstream investment vehicle. People have come to the realisation that the digital currencies have a huge potential for profitability, they have enlisted software like Bitcoin Aussie System to automate the trading process and to make it more efficient.
Unfortunately, the cryptocurrency trading software niche is still developing and scams are common. With this in mind, this review intends to evaluate the authenticity of Bitcoin Aussie System, as well as show you how to use it.
Table of Contents
What is the Bitcoin Aussie System?
Bitcoin Aussie System is a trading robot that does all the work for you, meaning you only switch to autotrading mode and you can go on with other activities. According to their website, you only need 20 minutes tops to set up the robot trading mode and you will be done for the day. The robot applies smart techniques and strategies to analyse and watch the cryptocurrency market for profitable trading opportunities.
Who’s Behind the Bitcoin Aussie System?
Jasper Boyle, an Australian national, created the Bitcoin Aussie System app in 2016. Boyle is a former professional software engineer who developed an interest in the cryptocurrency market, especially Bitcoin, as early as 2013. Having spotted an opportunity, Boyle decided to develop a trading application that leverage trends in the crypto market to make winning trades. The software’s high win rate has propelled it to the top of the cryptocurrency trading robot market not only in Australia but the world over.
Because of the success of the trading robot, Boyle is part of the nouveau riche cropping from cryptoverse. Bitcoin Aussie System’s popularity is not only because of the prowess of its algorithms but also because it partners with known and regulated brokers. For once, users do not have to worry about the safety of cryptocurrency trading platforms.
How to Use Bitcoin Aussie System
1. Get Started
To start, you first need to create a Bitcoin Aussie System account. And it is super easy! On their website, a prominently displayed window asks you for your first name, last name, an email address, and a phone number. Having counter-checked to ensure all the details are correct, click on “Register”.
2. Deposit Funds
After submitting registration details, you will notice that the web page refreshes to a trading platform. In our case, we were transferred to a trading platform for a broker in our region. On the trading platform, you can complete the account registration process by supplying more details such as place of residence and birth details. Once you submit the details, a customer service agent will reach out to you by phone but this is only possible if you provide a valid phone number. During the call, you will be taken through the process of activating your account by depositing at least $250. The affiliated broker we were chosen for supported various payment options including credit cards
3. Demo Account
Bitcoin Aussie System has a demo feature to help users to get a feel of the trading app before transitioning to live trading. A demo account is easy to set up and once can do so without funds in their account. The demo account comes pre-funded with $25,000 dummy funds for users to trial the trading platform. Because you can execute trades without any regard to the risks associated with cryptocurrency trading, this is a great opportunity to push the trading system to the limit. Also, this is the best time to learn how to leverage stop loss and take profit techniques to manage risks in your trade positions.
4. Start Trading
Bitcoin Aussie System accepts a minimum deposit of $250, meaning you can deposit more but not above $30,000. Transactions with credit cards only allow a maximum deposit of $2,000 because card companies are stricter in terms of implementing AML regulations. At the registration phase, your account manager will reach out to take you through account activation as well as showing you how to make your first trade. Advisably, only start trading when you have practised enough with the trial account. Also, make sure you start small to give yourself a chance to develop enough confidence to take bigger positions in the market.
Key Features of Bitcoin Aussie System
Bitcoin Aussie System is popular across the world because of what it offers in terms of features. Some of them include:
Bitcoin Aussie System claims that a $250 deposit can earn a daily profit of $1,100 and a deposit of $500 can earn a daily profit of at least $2,000. We also interacted with past users on the internet who confirmed that the trading robot provides a comfortable payout. However, these users (some of whom are still part of the Bitcoin Aussie System fraternity) cautioned that the amount of payout that users expect is commensurate with the deposit size. Other factors that affect the payout include your expertise and your knowledge of the cryptocurrency market.
Verification of registration details starts immediately. When we registered for an account to test the trading robot, a customer service agent called us to verify the details we had supplied. The caller was going to be our account manager and he took us through what details to submit and how to do it. In addition, he emailed us with further information regarding account activation. Some of the information we were required to provide for verification include proof of residence and proof of payment. Also, our account manager asked us to provide our banking details based on our preferred payment option. Because we used a digital wallet, we provided the email address for the digital wallet account.
The Withdrawal Process for Bitcoin Aussie System
The Bitcoin Aussie System accepts withdrawal requests at any time of the day and as many times as possible. A withdrawal request has to be validated before the details are forwarded to the payment provider you specified during account set up. A good thing is this process is fast and smooth. You will get a notification in your account as well as an email message updating you on the progress of the transaction. This process completes less than 24 hours since initiation. If you do not see the funds in your bank account after 24 hours, then it is possible that your payment provider could be experiencing some delays.
Costs and Fees
Information about the fees that one pays when using a trading robot is critical because it helps to estimate the net returns made in a given trading period. According to their website, none of the transactions made on the platform attract a fee. Registering an account with the software is free. Even withdrawals are free, meaning 100% of the funds in your account belong to you. Also, the software does not deduct commissions on winnings.
Our customer service experience was great. Agents call new users immediately after they receive the request to create an account. But if you are unreachable, the customer service will write an email with the relevant information. However, it is crucial that you supply a valid phone number to streamline communication. There is a chat function on the trading platform for communicating with customer service just in case all the channels fail or when you feel comfortable with that channel.
Bitcoin Aussie System is merely a trading software that facilitates cryptocurrency auto trading. That is why they partner with brokers to connect traders to the cryptocurrency market. At the registration phase, you noticed that you are automatically redirected to a trading platform. This trading platform belongs to brokers who work in concert with the software to deliver a great trading experience. We can confirm that our broker is regulated and that it is one of the best in the business in our region. It is our belief that this is the case for all of the brokers that the Bitcoin Aussie System works with.
Is the Bitcoin Aussie System a Scam?
Cryptocurrency trading robots are a great invention and they give users a legitimate opportunity to generate a comfortable income. But there is a problem. The ecosystem is inundated with unscrupulous developers peddling poorly programmed contraptions and selling them as great pieces of software. Because most if not all of these contraptions promise astronomic returns in a short period, they have thrown the reputation of genuine robots into limbo. Is the Bitcoin Aussie System any different from these contraptions?
We endeavoured to answer this question by launching deep into the internet to search information about the Bitcoin Aussie System and the experience people have had with it. We dug up testimonials attesting to its usefulness and how people were able to earn returns as claimed by the software. In addition, users were happy that the brokers that the software paired them up with were reputable and regulated. This leaves with only one option, which is to say that Bitcoin Aussie System is legitimate and that it offers real money-making opportunities.
5 Reasons to Use Bitcoin Aussie System for Trading
Why are many people using the Bitcoin Aussie System? Obviously, the trading software has some outstanding features that attract users to its fold. In our review, we set out to discover these reasons and the following are our findings:
1. Intuitive User Interface
The first thing you notice when the Bitcoin Aussie System website pops up is the layout of the graphical user interface (GUI). The website is arranged in sections that are clearly marked to make it easier for users to navigate. There is a useful chart at the centre that shows the happenings in the target market and on the left side, the trading robot is clearly and prominently displayed. Because of this user-friendly GUI, the trading platform is one of the easiest to use in the market.
2. Boasts Market-Leading Win Rate
Information on the Bitcoin Aussie System website claims that the software’s advanced programming enables it to achieve a 99.4% accuracy level in its performance. Additionally, the software outpaces the crypto market by at least 0.01 seconds, which is a significant difference considering the volatility levels experienced by cryptocurrency.
Such levels of accuracy and pace imply that the Bitcoin Aussie System is capable of generating huge amounts of profits. However, our experience with the software offers some cautionary tales. First, users need to give themselves time to master the setup of the software to achieve the stated win rate. Secondly, the win rate is contingent on the conditions in the market. In a choppy environment, the win rate could be substantially diminished.
3. Faster than Manual Trading
Automating crypto trading activities means that the software’s algorithms will do all the heavy leg work. These are able to scrape the cryptocurrency market for relevant information faster than humans can, and the interpretation is faster still. This is very important, especially considering the pace at which price action in the crypto market moves. It is important that you auto trade if you want to keep ahead of the curve.
4. Smart Analytics
All the decisions made by the Bitcoin Aussie System are data driven. This is possible because of an incredible capacity for the software to gather vast quantities of data and analyse it in seconds, something that would require hours or even days for a human trader. The algorithms are specially designed to collect only the data that has material influence on the movement of the target market.
5. Remove Human Error
The biggest advantage of smart analytics is the ability to base all trading decisions on sensible information. On the contrary, manual trades entail people making decisions that are ultimately subjective. Humans cannot avoid emotions and that is why manual trading often incurs losses. A robot, on the other hand, is not hindered by emotions and that is why it can remain objective throughout the trading process.
Advantages and Disadvantages of Bitcoin Aussie System
Bitcoin Aussie System: Our Conclusion
Our research indicates that the Bitcoin Aussie System is a competitive and legitimate trading robot similar to the likes of Bitcoin Method, Bitcoin Rush, and Bitcoin Boom. This is because it partners with regulated brokers whose reputation in the market is notable. Moreover, the trading software offers payouts and a trading experience that stands head and shoulders above rivals in the market. The developers came up with one of the most intuitive GUI’s in the business, one that makes you want to come back to the trading platform every minute.
Frequently Asked Questions
The website alleges that Bitcoin Aussie System meets all the thresholds of authentic automated trading systems. Similar claims were made by several testimonials on various online platforms.
Allegedly, Bitcoin Aussie System applies AI-based algorithms to perform smart analytics. Because of the algorithms, the website alleges that users need to spend less than one hour each day on the platform.
Bitcoin Aussie System’s website claims a deposit of $250 can earn users $1,100 in daily income. However, we feel that the amount is only feasible if you have extensive knowledge of the software, and that you are able to manage the risk inherent in the cryptocurrency market.
Begin by appreciating the immense risk that crypto investing faces. This way, you will be able to manage your expectations and to take more caution in your trades. Also, take some time to familiarise yourself with the software using the demo feature.
Information on Bitcoin Aussie System website alleges that all affiliated brokers are regulated, although we feel that you are better off if you do take their word as final and check the broker’s regulatory status before proceeding with registration.
No. Price fluctuations in crypto market are often extreme, which defeats even the most expertly designed trading robot.
Yes. A simple search on the internet will show you tens of alternative pieces of software. Also, you can visit our robot hub sample of the robots we have reviewed.
No. There are no verifiable reports of celebrities who back the Bitcoin Aussie System project.