BitQT Review4-min read

With a quick withdrawal speed of 24 hours and a demo account option, BitQT is an ideal platform for both novice and experienced traders. The platform is a top-tier trading platform that offers a vast array of supported cryptocurrencies, including BTC, ETH, XRP, AVAX, and etc. Additionally, the platform charges no fees and allows for leveraged trading to maximize profits. BitQT is also regulated by CySEC brokers, ensuring a secure and reliable trading experience. Their customer support is exceptional, providing live chat, email, and phone support.

Trading bots have become a more ubiquitous tools in the crypto trading market, providing their users with a massive competitive edge over other more traditional traders. This being said, getting a trading bot to run correctly is difficult since even these come with a skill requirement. Enter BitQT, a simple-to-use trading bot that uses a combination of algorithms and APIs to monitor the current activities of the crypto market and let you create strategies that automatically execute trades when certain conditions arise.

However, trading bots have never been a fool-proof solution to trades – traders must use their knowledge to formulate the strategies with BitQT merely implementing them.

Therefore, we were delighted to state that BitQT is extremely transparent about what it does. One look at its About Us page made it clear that this trading bot is not here to do the trading for the trader but to make the act of trading easy and more analytical by providing all the tools that a trader needs.

Simply put, this platform’s main goal is to help newcomers by assigning them brokers who place trades on behalf of these users. The presence of a broker itself is a major positive since that would make it easier for crypto newbies to access the market situations to conduct strategies. That said, the requirements for setting up accounts are high. While the tools available are many and simple, they rely on your ability to understand the market and create effective strategies that it can execute.

That is not to say that BitQT does nothing to help make trading easier. It is an automated trading bot, and as such, it sends you prompts when it sees that market conditions are best to make trades. Simply put, investors can consider it a trading partner to trade crypto.

What Are the Different Features of BitQT?

BitQT is similar to most of the trading bots available in the market but is also not too similar. For one, it does not describe itself as a trading bot but as a platform that offers an uncomplicated way for people to trade. Therefore, it is important to know this platform’s features so that the beginners for whom this platform is created can use it properly.

• Demo account: Beginner-level traders who want to know the lay of the land before using a trading bot can create a demo account to understand how the platform works. BitQT has opened all its features available in this mode. It creates a simulated environment that mirrors the real market conditions in which users can opt for paper trading soon after creating their strategies. It is an effective way to understand whether the strategies work before testing them on real market conditions.
• CFD trading with leverage: BitQT offers up to 1000x leverage, allowing even beginners with small deposits to bet big on the market. For instance, if a trader deposits $600 in his BitQT account, he can make trades worth $600,000. Although risky, leverage trading is an effective way to understand the complexities of the market. That said, we recommend that only advanced traders – those with considerable risk tolerance – use this facility since leverage trading does not pay off as it should in the bear market season.
• Robust Customer Support: While the platform is simple enough that even beginner-level users can handle it, BitQT has taken a customer-centric approach. If you are stuck, customer support executives are available 24/7.
• Trading charts – Accessing trading charts is crucial if you want to gauge market conditions and develop trading strategies. In this regard, BitQT has taken cues from the trading view to provide you with all the tools and analytical indicators necessary to assess the current candle charts and predict where the price of a particular cryptocurrency might go.
• Support for multiple cryptocurrencies: Many would take BitQT as a platform that only supports Bitcoin, but that’s not true. BitQT supports five cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple. Most traders would find that this platform lacks the number of cryptocurrencies available. However, these other tokens have been in the most volatile zones and have a high-profit potential, making BitQT a perfect platform for all traders.
• Success rate – Trading bots work on a risk-predicting algorithm that they implement on the market information they obtain. And since the crypto market doesn’t necessarily follow the traditional market fundamentals, one must not think that BitQT – or any other trading bot, for that matter – can supply a 98.4% success rate. That said, bit QT is extremely transparent about its offerings and it doesn’t make any false claims that people always are on the profitable path. How you can use the trading bot depends on your level of ability.

The Tech

Crypto Trading bots rely on complex algorithms backed by multiple lines of sophisticated coding. It is necessary since trading bots must gauge the market risks depending on an asset’s price movements and minimize as many errors while trading as possible. AI-based and using the latest Tech, these trading bots rely on straight logic and since there are no emotional, knee-jerk reactions involved, the result of bots-enabled trading is generally successful.

BitQT helps users perform arbitrage trading as well as standard trading. These forms of complex trades can only be conducted due to the presence of the following types of technologies.

1. Data Monitoring and Analysis: A trading bot’s primary task is to assess a cryptocurrency’s price movements thoroughly. It assesses intra-day and inter-day trading trends and sees if there are any whale movements.
2. Risk Assessment – the Data assessed is that fed into the risk prediction engine. Certain price trends – like a rapid increase in a crypto’s price followed by a strong correction – often show market manipulation by whales. A trading bot assesses these risks while developing small suggestions for the trader to draw the most benefit from these trends.
3. Automated Trading – Buying and selling crypto based on pre-determined conditions is the task trading bots exist to do. Users can feed strategies into bots they can use to execute traded precisely.

Setting Up the BitQT Account

Here are the steps to open an account and start trading using BitQT

Step 1- Register

First, the user must register an account on the platform, and it is a simple procedure that involves only entering the user’s details.

Click here to sign up for BitQT

Step 2 – Receive Phone Verification Call

After you have entered your account details and created an account, you will receive a call from your broker.

Step 3 – Create a Trading Strategy

After verifying your details and submitting the minimum amount, create a trading strategy on the official website.

Pricing Model

BitQT charges a 2% fee on every profit that their users generate from the platform. Note that you only need to pay the price if your trades generate profit. Otherwise, you’re free to use your account as you wish.

That said, you need to pay a first deposit of $250 to activate your account – the same amount is the minimum trade limit trade on BitQT.

Trading Strategies

There are three types of trading Strategies that you can use on BitQT.

• Arbitrage trading is for advanced traders who want to generate profit from the difference in crypto prices on different platforms.
• News trading: BitQT displays the latest articles concerning the latest price movements of the listed cryptocurrencies. Leverage that information to decide your next trading move.
• Automated training: Create trading strategies and feed them to the trading bot so that trades are conducted automatically when proper conditions are met.

BitQT Security

Is BitQT Safe?

BitQT is one of the safest platforms available right now and it has no history of ever being hacked. No funds have been funneled out of this platform without the user’s approval. That said, investors must focus on keeping their accounts safe and not sharing passwords and other details with anyone.

Like other trading bots, BitQT also uses third-party brokers to help execute trade – which means your assets would remain safe if the third-party broker doesn’t compromise the security of your assets.

Is BitQT Beginner-Friendly?

Beginners should trade – that’s the idea BitQT has run with, and thus offers an interface specifically for novice traders. Deposits and withdrawals are easy, and so and is reading strategies.

Are Crypto Trading Bots Regulated?

BitQT is not a regulated trading bot – but that does not mean those who use the bots are exempted from paying their taxes. Traditional tax rules apply to crypto trading bots as well. Therefore, it is recommended that investors use regulated cryptocurrency exchanges connected to bit QT to trade crypto assets.

Testing Crypto and Stock Trading Bots

We have reviewed BitQT after comprehensively analyzing every aspect of the platform. We created our own account, consulted with our broker, made homemade strategies, and executed traits using the tools given by BitQT.

BitQT is extremely upfront about the risk associated with Bitcoin trading, which is an aspect that every trader will appreciate. So, it is safe to say that this crypto trading bot is not a scam.

Invest Responsibly

Cryptocurrency is a volatile asset class that doesn’t follow the market fundamentals when moving along the price charts. Therefore, it is recommended that all traders conduct thorough research before putting their money forward on any trading board before getting started. BitQT, even with its high success rate, won’t be able to help you if you don’t step inside the market without analyzing all the risks necessary.

Recent Updates

Experts in Silicon Valley say that the rise of artificial general intelligence (AGI) is inevitable and will bring about change that is “orders of magnitude” greater than anything the world has seen before. AGI is defined as artificial intelligence with human cognitive abilities, unlike more narrow forms of AI, such as ChatGPT. The potential for AGI is vast and could usher in a new era of creativity, but also threatens to take over jobs and raise social issues.

Siqi Chen, CEO of Runway, suggests that intelligence itself is what we are creating and increasing, and this will bring about the most significant change in human history. The release of ChatGPT last year brought AGI one step closer to reality, and OpenAI has now released a more powerful version of the technology, GPT-4. The new software can process both text and images and produce complex content, such as legal complaints and video games, exhibiting human-level performance on some benchmarks.

Conclusion

BitQT is a great trading bot that combines its data assessment technology with its risk prediction tools to help traders properly navigate the volatile waters of the market. However, a trading bot will perform only as well as the trader himself. Therefore, we recommend that all traders conduct proper research beforehand before using this tool.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions