Bitcore Momentum is a so-called trading bot that trades cryptocurrencies on behalf of its respective customers. The trading strategy depends on various factors. According to the manufacturer, the bot uses machine learning, artificial intelligence, and various algorithms to speculate as precisely as possible and execute trades at the right time.
The following summary of facts, which is based on intensive research, and the associated analysis are intended to show to what extent the trading bot Bitcore Momentum and comparable offers on the market are worthwhile for private investors. Large companies have been increasingly using algorithms and artificial intelligence for many years. The American company BlackRock claims to own the most well-known algorithm in the financial sector. This is the risk management platform “Aladdin”, which helps the economic giant to carry out various risk assessments. “Aladdin” is an acronym for “Asset, Liability, and Debt and Derivative Investment Network”.
Owner Of The Bitcore Momentum Platform
There is no clear information about the actual owners of Bitcore Momentum. However, it is a fact that Bitcore Momentum belongs to a global trading software provider. According to its information, the company already has several years of experience in the trading sector. It thus provides its users with a platform on which they can use the trading bot to make trading decisions based on various data from the past and the analysis of current news. In the area of cryptocurrencies, the topic of anonymity is quite popular. For example, it is not yet known who invented Bitcoin. Only the pseudonym of the inventor is known – everything else is anonymous and untraceable. The same applies to the people behind Bitcore Momentum. The reasons for this can be varied. This is often due to the tax benefits that can be exploited if the owners remain anonymous.
Bitcore Momentum Platform
The bot’s software works based on the data and news described above, as well as on personal trading preferences. Within the framework of these preferences, users can, for example, set parameters such as a stop-loss limit. All trade executions are then carried out based on the previously defined parameters. Based on the latest daily news and historical data from previously made trades or the monetary past, speculations are made about future market developments, which are then exploited in the best possible way for the user through automated trading. Bitcore Momentum, which transfers the user’s deposit directly to a broker’s crypto wallet, which is regulated in some cases, also offers a free demo account. With this, users can look at Bitcore Momentum’s approach and assess whether this is the right way of trading and platform for them.
Bitcore Momentum itself can only be opened and used via the web browser. This is possible from a mobile phone, tablet, laptop, or desktop PC. However, there is currently no associated application for the four types of hardware.
The information about which brokers and crypto exchanges the platform works with is only visible when the account is created. As already mentioned, there are both unregulated and regulated brokers. In any case, the main focus should be on using a regulated broker. Unregulated brokers are far too unsafe for any business.
In principle, the Bitcore Momentum platform can be used in all countries where CFD trading is legal. These include Germany, Switzerland, Austria, and Great Britain. However, this type of trading is prohibited in the USA and Hong Kong, so the platform cannot be used in these countries. All other countries allow CFD trading and therefore the platform. The languages that can be selected are German and English as well as Danish, Spanish, and Portuguese.
Trading via Bitcore Momentum is also quite easy for beginners who are just new to the crypto market. The platform takes over most of the trading using the artificial intelligence explained. The end user only has to set his limits. However, as a user, you should also be aware of the risks. Trading bots do not automatically generate profits but often lead to large losses. Professional traders therefore rely on their own knowledge and separate trading platforms. All profits generated with the help of Bitcore Momentum must of course be reported to the tax office and 2% fees are deducted by Bitcore Momentum. Accordingly, users must factor the additional costs into their investment planning. There are numerous reports on the Internet that some investors have earned many thousands of euros with the support of the Bitcore Momentum bot. However, these reports should be critically examined and checked to see whether what is shown corresponds to reality.
Key Features Of Bitcore Momentum
The main features of the Bitcore Momentum crypto platform are diverse. Among other things, users will find numerous CFD contracts, such as Bitcoin, Litecoin, or Ethereum CFS, which they can use to diversify their crypto portfolio to minimize financial risks. The platform also offers the demo account mentioned above. With this, you as a user can practice how trading at Bitcore Momentum works and what advantages and disadvantages it offers, free of charge and without any additional obligations.
How To Start Trading With Bitcore Momentum
Registration
Fill out the form below with the necessary information. It takes less than 5 minutes to register on the Bitcore Momentum platform. You will receive a free account manager. He/she will contact you within 15 minutes on working days!
Deposit
To get the maximum benefits of the Bitcore Momentum software, you need to deposit $250. All deposits are processed through our highly monitored partner brokers. With us, your finances are safe.
Trade
Bitcore Momentum is a trading robot for everyone, even absolute newbies. With just one click of the mouse, the trade is triggered and you start trading with potential profits that could triple your current income.
Advantages And Disadvantages Of The Bitcore Momentum Platform
All trading platforms have some advantages and disadvantages. This also applies to the Bitcore Momentum app. One positive thing to note is that the trading platform is quite clearly laid out compared to the competition. In addition, as already mentioned, the app can be used in many different countries and offers the option of easy registration. The biggest advantage is that trading is possible via many different brokers and with various crypto contracts. The amount of the minimum deposit does not deviate from the industry average. All trading platforms that have a similar offer to Bitcore Momentum require minimum deposits of 250.00 euros.
However, there are also some disadvantages. These include that the platform cannot be used in the USA or Hong Kong, for example, and the customer support is sometimes a bit unreliable when compared to other platforms. In addition, using trading bots is one of the riskiest types of crypto trading. Another disadvantage is that Bitcore Momentum does not provide users with an app that could be used to trade from their mobile device, for example. Instead, this is only possible via the browser.
When Should You Decide To Use The Bitcore Momentum Platform?
You will benefit most if, for example, you have a full-time job and do not have enough time to trade independently. Automated trading on Bitcore Momentum, which works as soon as you have set some parameters and limits, saves you a lot of time and allows you to make additional profits with crypto trading during your normal working hours. In addition, the bot monitors the market at any time of the day or night, so that your limits are always compared with the current market prices. Accordingly, using Bitcore Momentum is also perfect for everyday use. The basic setup can be done in a very short time so that all further processes up to the final sale are then taken over by the Bitcore Momentum platform.
The Potential Of Bitcoin
The cryptocurrency Bitcoin is mostly traded on platforms like Bitcore Momentum. This is also the most well-known cryptocurrency in popular parlance, and everyone has probably heard of it by now. Closely followed by Ethereum. But what potential does Bitcoin still have? This is a question that many who have already invested or want to do so shortly are asking themselves. 12 years ago, the price of one Bitcoin was between 0.0008 and 0.08 US dollars. In 2021, you paid around 65,000 US dollars for the same amount of Bitcoin. Over the 12 years, there was enormous potential. More and more financial experts are also investing in cryptocurrency and assume that the previous record high will be exceeded many times in the future. Many are therefore relying on a long-term strategy in which they keep buying parts of the cryptocurrency. Others, on the other hand, are betting on short-term profits and buying Bitcoin today to sell it again tomorrow. This short-term trading in particular is optimally supported by Bitcore Momentum as a trading platform. But not only Bitcoin but also Ethereum, Ripple, and Litecoin, for example, have enormous potential, according to financial experts. However, these still cost significantly less than Bitcoin, which seems quite attractive.
What Are The Advantages Of The Trading Bot Bitcore Momentum?
Above all, the very simple and quick process for verifying your account allows users to open an account at short notice and make their first trades in no time. The broker calls its new users and asks a few questions about their identity to confirm it. Ultimately, this takes around 15 minutes. In addition to this advantage, it is also important to note that the platform and the software used are provided for minimal fees. A lot of professional software used for trading costs a lot of money. At Bitcore Momentum, it can be used with a minimum deposit of just 250 euros. The fee mentioned is 2%, which must be paid on all successful trades. Bitcore Momentum can be used by both beginners and experienced traders.
Getting Started With Bitcore Momentum
To begin with, you have to register as a new user, like on any other platform, by entering your data. After a very short time, both the registration and the previously described verification of the account are completed. You can then make your first deposit using the selected payment method. You can then start your first trades immediately. To do this, select the cryptocurrency you want and set your stop-loss limit. However, we recommend using the demo account beforehand, in any case, to be perfectly prepared for automatic trading afterward.
Fees, Limits, And Payment Methods
The fee in the form of a commission surcharge of 2% has already been mentioned several times. The same applies to the minimum deposit amount, which is 250 euros. However, there is no upper limit for a deposit. In terms of commission payments, it is important to know that the 2% is only paid on profits. So if a user deposits 500.00 euros and makes a profit of 100.00 euros, for example, the 2% is only credited to the 100.00 euros profit.
Accordingly, you as a user would pay a fee of 2.00 euros in this case. Account management is free compared to other providers. The same applies to the software used, which does not require a subscription or anything similar. There are also ten free withdrawals per month. This should be perfectly sufficient, as this means that a withdrawal can be made on average every three days.
Bitcore Momentum accepts payment methods such as bank transfers, credit cards, and debit cards. Other available payment methods may be visible after registration. However, online payment services such as PayPal cannot be used. This may also be a relevant factor for some interested parties. As soon as a withdrawal is made, it is credited to the account to which the original deposit was made.
Bitcore Momentum: Markets, Assets And Options
Bitcore Momentum helps its users trade Litecoin, Binance Coin, Bitcoin, Ripple, Ethereum, and Bitcoin Cash, among others. Other assets, such as stocks or ETFs, are not supported by the platform. Accordingly, you must invest in such an asset class via other platforms. Bitcore Momentum does not provide any information on so-called leverage trading, but in principle, this is possible with all trading bots. With the help of leverage trading, you as a user can maximize your profits. With this type of trading, the user borrows money from the broker to carry out larger trades and thus achieve higher profits. If the user can independently invest just 1,000.00 euros and makes a percentage profit of 20%, he realizes a profit before taxes and commission of 200 euros. With the help of leverage trading, the user could, for example, use a 10-fold leverage so that he invests 10,000.00 euros, of which 9,000.00 euros is borrowed capital that he has borrowed from the broker. If the user now makes another profit of 20%, he realizes a profit before taxes and commission of 2,000.00 euros. However, he does not have to give any of this profit to the lender. He only has to pay back the borrowed money. Accordingly, in this example, the user has generated a significantly higher profit with the same amount of equity. However, this is only recommended if you already have prior knowledge in this area and the trade is carried out with a regulated broker. Without prior knowledge, you should not use any type of leverage effect, as this can trigger the effects already described in a positive direction in the opposite direction.
Bitcore Momentum Trading Strategies
According to provider information, the Bitcore Momentum platform uses a variety of trading strategies for its bot to help the user maximize their profits.
One of the trading strategies is called news trading. The bot analyzes all media and news about possible positive or negative signs for the crypto market. The crypto markets themselves are also followed very closely. The advantage here is that the Bitcore Momentum trading bot can process the information received much faster than a human. This means that trades can be carried out more quickly to realize additional profits.
As a user, you determine the underlying strategy for trading execution yourself. If you already have sufficient experience in this area, it should not be a problem for you to make the relevant decisions in advance and set them up in the bot accordingly. For beginners, Bitcore Momentum offers the free option of using a personal account manager. This can be used to discuss individual objectives to work out the best possible trading strategy on this basis.
Another trading strategy that the bot uses is the so-called price trend analysis. Here, price fluctuations of various cryptocurrencies on various markets are observed and analyzed to be able to make predictions for the future. Data from the past is often used as a basis. It is not clear whether and to what extent this price trend analysis is carried out better by Bitcore Momentum than by the competition. Nevertheless, Bitcore Momentum advertises that its bot gives it a clear competitive advantage. However, the competition uses similar analysis tools for price trends. It is therefore questionable whether the competition’s bots do not react to price developments at a similar speed. The competitive advantage can also be seen as a marketing tool on the part of Bitcore Momentum.
The platform also offers arbitrage trading. This is also used in stock markets, for example, to generate short-term profits. The aim is to exploit price differences between the different trading venues. Accordingly, a cryptocurrency is bought on one exchange for a price of 300.00 euros and can be sold on another exchange just seconds later for 302.00 euros. Although these differences are small, they can be exploited several times a day to generate high profits overall. The advantage here is that the prices between the trading venues are always different, at least in the short term. Bitcore Momentum itself states that 30 different crypto exchanges and brokers can be used via its platform. By automating arbitrage trading with the help of the Bitcore Momentum bot, exploiting price fluctuations is much easier.
How To Buy And Trade Cryptocurrencies Through Bitcore Momentum
Trading via Bitcore Momentum is very simple for the end user. Trading couldn’t be much simpler. For example, to buy Ethereum (ETH), you need to do the following:
- You must create your account and have it verified. This requires your name, a telephone number, and your email address, among other things.
- Once your account has been created and verified, you will need to make a minimum deposit of €250.00 using your preferred payment method.
- Now select the appropriate cryptocurrency. In our example, Ethereum (ETH).
- You can then set the desired parameters, which will form the basis for future trades. The BitIQ bot will use these parameters as a guide and execute the corresponding trades.
- At the end, you just have to confirm your entries. In this step, you can also set a stop-loss limit, for example.
Bitcore Momentum – Is The Platform Safe And Regulated?
Security and regulation are always a very specific issue for platforms like Bitcore Momentum. Regulation is ultimately based on the applicable laws in the user’s home country. Regulation only does not exist if CFD trading is illegal in the respective country. This applies to Hong Kong or the USA, for example. Bitcore Momentum cannot be used here at all. In Germany, however, the platform is regulated and can be used without any problems. Some of Bitcore Momentum’s brokers, such as the Financial Conduct Authority (FCA), are also regulated.
However, it is still questionable whether Bitcore Momentum is safe. Assessments and opinions vary widely here. One positive aspect is that you have to verify your account to trade on the platform. This means that no one can misuse your data and carry out trades in your name. However, the probability that your data will be passed on to third parties is very high. This is how Bitcore Momentum can earn extra money. However, according to the current European regulations on data protection, this is not possible without your consent. You should therefore pay attention to what is included in the terms and conditions or other conditions that you simply accept to avoid such a problem. Another negative aspect is that, according to numerous reviews, customer service is not able to respond quickly. So if you have problems with a withdrawal, it may well take a long time for the problem to be solved. Nevertheless, the money is safe because it is not Bitcore Momentum itself that receives the money, but the associated brokers. You can also contact the broker directly to get your money. However, some reviews speak of responsive and competent customer service. In addition, not all platforms in this sector offer customer service. This is an advantage for Bitcore Momentum. This aspect shows that the platform wants to convince its customers in the long term. However, Bitcore Momentum is currently protected from hacker attacks of any kind because the platform is very heavily encrypted. Accordingly, there have been no attacks of this kind to date.
How Can I Withdraw Money From Bitcore Momentum?
Withdrawing money from Bitcore Momentum is just as easy as depositing. As already described, the money is not held directly by Bitcore Momentum, but by the respective broker. However, you can still make your withdrawal via the Bitcore Momentum platform using the following steps:
- First, go to the Bitcore Momentum website and sign up.
- Then select “Withdrawal” and choose the desired payment method.
- After selecting the payment method, you must enter the amount of money you want to withdraw and then confirm the transaction using the button provided. However, withdrawals are generally made in the form of fiat currencies, such as euros.
- Within a very short time, the money will be credited to your bank account and you can use your profits to make new investments.
Prominent Users On The Bitcore Momentum Platform
There are numerous celebrities who allegedly also use the Bitcore Momentum service. These include Jeff Bezos and Elon Musk, among others. However, it is questionable whether this is true. Research has so far only shown that both Jeff Bezos and Elon Musk have invested in various cryptocurrencies, but most likely not via the Bitcore Momentum platform.
Connor McGregor, who is considered one of the most successful UFC fighters, is also said to have supported Bitcore Momentum in the past. However, there is no evidence of this from either Bitcore Momentum or Connor McGregor. The same applies to a rumor about Manuel Neuer, who is said to have invested in the platform.
Media Reports About Bitcore Momentum
In addition to the reports about allegedly prominent users, there were also other reports in the media about the crypto platform Bitcore Momentum. Well-known media outlets such as The Mirror and CNN have already reported on the platform. However, upon closer investigation into these claims, it turned out that they are not true. One should therefore be careful with the claims made on the Internet about the platform and always question them critically.
Other Bitcore Momentum Experiences & User Reviews
To decide for or against using Bitcore Momentum, it is best to trust the experiences of other users, which have been created independently of media reports. There are various reports from users on forums such as Reddit, some of which are quite constructive. The algorithm in particular was highlighted on Reddit. A similar aspect was also highlighted on Trustpilot, a rating platform for services and products on the Internet. The reliability of the take-profit and stop-loss functions was also highlighted there. Users are therefore mostly quite satisfied with Bitcore Momentum and have generally only had good experiences.
What Should You Consider When Trading With Bitcore Momentum?
Since trading via Bitcore Momentum is always about money, you should pay attention to a few relevant aspects to carry out the trades as safely and efficiently as possible. On the one hand, as already mentioned many times, every user is advised to open a demo account and use this account to practice trading on the platform. In addition, you should set clear limits in advance and always set a stop loss or take profit, as otherwise, the losses in particular can be quite enormous. Another tip is to only invest the amounts that you can and want to afford. It would help if you always carried out intensive research on the respective cryptocurrency in advance to be able to judge whether the investment is worthwhile. As soon as profits have been realized, they should be withdrawn as quickly as possible. You can do this by checking your account at least daily. If advice is necessary, you should only seek advice from CySEC licensed brokers (Cyprus Securities and Exchange Commission).
How To Delete Your Bitcore Momentum Account?
If you want to delete your account, you have two options. On the one hand, you can simply select the “close account” option on the platform. On the other hand, you have the option of visiting the broker platform and having your account closed there. You can also contact customer service, but they always take a long time to provide a suitable answer. The first two options are therefore probably much more sensible if you want to close your account at short notice. In any case, you should have your entire balance paid out in advance and wait for the money to arrive in your registered bank account. As soon as the account has been deleted, all of the balance will also be gone if it has not been withdrawn beforehand.