The bit index ai Diaries

What is Bit Index AI?

Bit Index AI is an online platform that claims to use unnatural penetration to automate cryptocurrency trading. According to the website, the process works by using Bit Indexs state-of-the-art algorithms to determine small price fluctuations and automatically trade them in imitation of the intention of making profits.

It can therefore decree out the best right of entry and exit prices for positions. The platforms website states the sum up process is extremely automated and for that reason users dont habit to bother approximately having any prior crypto investing knowledge.

Users can begin trading cryptos subsequently Bitcoin, Ethereum, and Litecoin instantly after they have passed a KYC verification. This step usually takes in this area 10 minutes to complete. Users can addition using a variety of payment methods including bank transfers, debit and version cards, and BitGo.

Bit Index AI Pros & Cons

Pros:

• Demo account available
• Multiple payment methods
• Automated process
• Good range of cryptos

Cons:

• $250 minimum deposit
• Cryptoassets are a very volatile unregulated investment product. Your capital is at risk.

How Does Bit Index AI Work?

Bit Index AI claims to use an pretentious sharpness algorithm to determine price moves in the crypto present and create small trades to capitalize upon these moves for growth.

To complete this, the website says it incorporates data from a number of sources and conducts trend, Stoch, Williams, and MACD indicators to determine optimal entrance and exit points. It forlorn ever reacts to conscious publicize trends, consequently these strategies are until the end of time implemented which heightens its efficiency.

 

In auxiliary to the technical indicators, Bit Index AI uses a number of social media and news feed data points to assist predict difficult price movements. The platform apparently dedicates at least 20 minutes per hours of daylight to analyzing these higher price moves.

Bit Index AI Key Features

In the below section, we tolerate a see at some of the key features that the Bit Index AI platform gives users access to:

Demo trading account

A demo account can be a great mannerism for beginners to begin trading markets similar to no risk. Users will gain an account similar to $100,000 virtual capital, and they can use this to test out Bit Index AIs features. The demo account replicates the conditions and price moves of actual markets, for that reason users will get the experience of actual trading. Demo accounts are good for full of zip tools in the manner of leverage without bearing any risk.

Leverage

Another tool that is offered by Bit Index AI is leverage. Leverage allows users to lever going on their trades, borrowing capital from the broker. This can be potentially be a tool to create larger trades than your capital allows. However, this can work both ways and can guide to steep losses unless correctly managed. We recommend that you reach your research and ensure youre familiar of the risks back using leverage.

Autonomous trading

The website claims that the Bit Index AI process is definitely automated. So, Bit Index AI claims to be adept to create trades on your behalf without you having to right to use and close positions yourself.

Fast execution

Bit Index AI claims to have certainly quick spread around entry and can entre and near trades within milliseconds.

Customer support

There is next a tall level of customer keep on Bit Index AI. The customer sustain department is read 24/7 for users to acquire in be next to subsequent to if they reach deed any problems whilst trading upon the platform. There is after that an email and living talk deed to incite users in the manner of any queries.

Furthermore, Bit Index AI offers right of entry to dedicated account managers should all go incorrect in the manner of users accounts. These managers are upon hand to help considering any problems, which is great for enhancing the user experience.

Cryptoassets are a deeply volatile unregulated investment product. Your capital is at risk.

Bit Index AI Fees

Aside from the $250 minimum deposit, Bit Index AI charges no extra fees. This does seem slightly odd, as most brokers lawsuit commission and/or termination fees. However, it is attainable that Bit Index AI makes its maintenance from charging unmovable spreads, although our evaluation was not able to determine the legitimacy of this claim. below is a table containing every of the increase information for 

Bit Index AI.Is Bit Index AI a Scam?

Due to the tall leverage, and low fees, users may ask the legitimacy of the platform. A broker offering 100:1 leverage does seem rather fishy. For example, if users were trading considering $10,000 next theoretically, they would be dexterous to leverage in the works this incline to $1,000,000.

It is somewhat unlikely that Bit Index AI has this kind of capital to lend out to users. In adjunct to this, the platforms homepage says that it has been featured on Forbes, CNN, and FT.com. However, a quick google search will broadcast that none of these news outlets have ever covered Bit Index AI. This after that reduces the legitimacy of the broker.

However, users pull off have to pass a KYC confirmation to set happening an account, and the platform claims to be related like numerous regulated brokers. This seems to check the boxes of legitimacy.

Overall we were unable to sustain Bit Index AIs claims so make sure you do your own research previously signing up.

Bit Index AI Minimum Deposit

As mentioned, previously depositing, users must pass a KYC encouragement which means they infatuation to have enough money accurate forms of running ID. considering this stage has been completed, users can growth using a range of payment methods including bank transfer, debit/credit card, and BitGo.

All of these deposits are pardon of charge. In auxiliary to this, the platform supports numerous fiat currencies including EUR, AUD, USD, GBP, CHF, JPY, and CAD. The minimum accumulation is $250, and withdrawals can endure taking place to 24 hours to process.

Bit Index AI Customer Support

There is a 24/7 dedicated team to back in imitation of queries not far off from users accounts. In addition to this, there is a team of account managers ready to support afterward any problems users have. Finally, the website has a breathing talk achievement and retain email if users dependence additional support.

How to Use Bit Index AI

Now we have covered every of the valuable guidance roughly speaking Bit Index AI, its get older to take on readers through a lead on how they can set occurring an account.