You have likely come across BitPal when looking for ways to invest in crypto. This trading system has gained massive popularity over the years as the world’s most profitable bitcoin trading tool.
BitPal is said to be affordable, easy to use, and safe. Many consumers and experts have reviewed it extremely well. Some claim to generate insane profits riding the crypto boom of 2021 through it.
But is BitPal a scam, or is it legit? Also, what proof is available to show that it’s as profitable as alleged? Let’s find out below.[toc]
What is BitPal?
BitPal uses the Natural Language Processing (NLP) subset of AI technology to comb the internet for tradable news.
The trading system is highly specialized for crypto and therefore only captures relevant news. Its NLP algorithms can detect news in a millisecond of the announcement and generate trades at supersonic speeds.
Some expert reviewers have tested it and concluded that it responds 0.0001 seconds ahead of the markets. This explains why it can beat the markets and generate a profit 90% of the time.
BitPal only requires very little human input. It does all trading on autopilot, and hence users can proceed with other activities as it makes money for them. No technical skills whatsoever are required to operate this trading robot.
BitPal is affordable since only a $250 deposit is required to get started. Trading fees are insignificant and only applicable to profitable accounts.
Is BitPal a scam? Our Findings
How popular is BitPal?
BitPal is highly popular, as is evident with the thousands of reviews on the internet. Surprisingly, this trading system is trending top on major search engines, including Google, Baidu, Bing, Yahoo and AOL.
BitPal on Trustpilot – This bot has over three thousand reviews on Trustpilot and an overall rating of 4.8/5. Most of the reviewers claim to be using this bot to make good profits out of the ongoing crypto boom.
BitPal on Reddit – We have also analyzed tens of thousands of comments on multiple BitPal Reddit threads. Surprisingly, most of the participants in the threads claim to use BitPal to trade bitcoin profitably.
BitPal on Twitter – There are many Tweets about this trading system. An analysis of these Tweets confirms that most people are happy with it.
How do I get started with BitPal?
Trading with BitPal should be easy if you are patient enough to go through its trading preparation materials.
As explained above, it’s equipped with Artificial Intelligence (AI) to carry out trading research for users. The bot automatically relays trading signals to its partner brokers for instant execution.
All trading robots must operate under brokers. This is because they have no direct connection to global liquidity pools since they aren’t financial institutions. On registering with BitPal, you will automatically link to one of its partner brokers.
This trading robot ensures high transparency by linking clients to brokers regulated in their region. The broker facilitates account funding and withdrawals. You are guaranteed safety, given that all BitPal brokers are well regulated.
Register an account with BitPal
You need to go to the official BitPal website to create an account. The website is only reachable from the allowed countries.
Fill the form on the top right corner of the website and submit it. BitPal will prompt you to complete the contact details verification by clicking a link sent via email. You will be required to create a strong password, including a mix of small and capital letters, numbers, and symbols.
Password security is the first line of defence against data breach incidents. BitPal will email you a document detailing safe password practices to help you secure your account.
Verify ID with the assigned broker
You will automatically redirect to the assigned broker’s ID verification page after completing the registration.
BitPal only works with the world’s best brokers. These brokers are regulated and adhere to global anti-money laundering laws. Reputable financial institutions across the globe verify the identity of all their customers to prevent financial crime.
BitPal partner brokers have made the ID verification process quite straightforward. Upload government-issued ID and continue to the next step.
Fund your BitPal account through the broker
You will also fund your BitPal account with a minimum of USD250 through the assigned broker. This is because it’s the role of the broker to place trades in the markets.
Also, BitPal is a trading tool and not a financial institution. The law only allows fully registered financial institutions to take deposits from the public.
BitPal ensures users safety by partnering with the most reputable brokers. All its partner brokers segregate clients’ funds through high-quality banks. The brokers regulated in the UK use HSBC, while those in Australia use the National Bank of Australia.
Familiarize with the BitPal Trading System
BitPal offers a web trader that works extremely well on top browsers on desktop and mobile. The web-trader is developed using the HTML5 framework and can be converted into a hybrid mobile app.
You can download the app through a link published at the footer of the trading resources page. BitPal offers users a myriad of resources to help them fully master the trading system.
While all trading is automated, you need to adjust some settings manually. The BitPal trading guide and demo should help you do this easily.
Start a live trading session
Live trading is easy if you have taken your time in trading preparation. Set BitPal as directed in the trading guide.
Start a session and let the bot run without any interruption for 8 hours daily. The ideal trading time is between 8:00 AM and 4:00 EDT. We recommend the ET time since it has been observed to come with a lot of volatility.
High volatility is required to generate maximum results out of the BitPal trading system. As stated above, you could triple your capital on a good trading day.
Is BitPal a Legit Trading System? The Verdict!
We have studied enough data to conclude that BitPal is legit and perhaps highly profitable. This data includes a boatload of reviews from clients and experts.
Only a trustworthy and worthwhile trading system can have so many positive reviews. The thousands of clients who have reviewed BitPal on Trustpilot and other platforms conclude that it’s a super performer.
This crypto trading system is reportedly making bitcoin trading easier and more profitable. It’s easy to use because all trading happens automatically. Trading takes place at a click of a button, but you must adjust the settings manually as instructed.
The settings should be in line with your risk appetite. Trading preparation materials, including a demo and a risk appetite test, are available on the trading resources page. Everything is explained in layman’s terms so that complete beginners can understand.
BitPal is powered by AI to generate accurate signals. Furthermore, it applies leverage of up to 5000:1. This makes it possible to generate handsome profits daily. Most of BitPal users are reportedly profitable.
The daily profitability rate could shoot to 90% during high volatility days, but the average return rate on normal days is 15%. You have a high chance of making fortunes with BitPal by riding the crypto boom of 2021. Click the link below to get started.
Is BitPal a Ponzi scheme?
We have scrutinized BitPal and didn’t find anything suspicious. This trading system perfectly meets all our expectations on a legit trading system.
Does BitPal offer an app?
BitPal is available in the web-trader version only, but it can be converted into a hybrid app for Android and iOS devices.
How much does BitPal cost?
It's free to register with BitPal. The only charge applicable on the side of the bot is a 2% commission on profits. Trading fees in highly competitive spreads apply on the side of the linked broker.
Is BitPal a product of PayPal?
BitPal is not in any way related to PayPal. The former is a trading robot, while the latter is an online payment solutions provider.
How safe is it to invest in BitPal?
BitPal has put in place a raft of measures to ensure clients safety. These include data encryption and compliance with the EU General Data Protection Regulation (GDPR).
Is BitPal available in the US?
BitPal offers crypto speculation through Contracts for Differences (CFDs). Unfortunately, CFDs trading is prohibited in the US. BitPal is therefore not available in this country.