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Bit Index AI Review 2023

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August 22, 2023

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Bit Index AI Review 2023

What is Bit Index AI?

Bit Index AI is reportedly an AI-powered cryptocurrency trading robot designed to help traders find the best entry and exit in both markets. With robots, traders can also access the liquidity in the market and know when to participate and when to steer clear of the market. Bit Index AI is very new to the cryptocurrency market, but its impact is greatly felt across the cryptocurrency and Foreign Exchange (FOREX) markets. It claims the ability to conveniently execute cryptocurrency and FOREX trades on your behalf and has partnered with some of the best cryptocurrency brokers in the market to facilitate automated trades.

Bit Index AI Overview

Pros and cons of Bit Index AI

Who is the Bit Index AI Owner?

There is no public information as to who owns and runs the Bit Index AI. We conducted thorough research but there is no lead that can verify the identity of the owners or development team behind this AI-based trading bot.

Getting Started with Bit Index AI

It can be used by any trader familiar with the cryptocurrency market. You do not need to have experience trading cryptos or using trading bots to use Bit Index AI since it is user-friendly and easy to set up. Although we will get into details regarding getting started later on, here is a brief overview.

1. Visit a broker integrated with the bot’s website to create your account.

2. Once fully activated, sign in and make the required deposit

3. Activate Bit Index AI and customize it before allowing it to manage your trades.

Bit Index AI markets, assets, and options

What cryptocurrencies and products can you trade using Bit Index AI?

Bit Index AI was developed to help traders in the market in streamlining their activities. It supports many cryptocurrencies, including Bitcoin and popular altcoins. Besides trading, the bot can also be used by investors who purchase crypto assets and take ownership. However, while this robot is tailored to maximize your potential trading and investing in cryptocurrencies, it doesn't guarantee profits. Therefore, if you make losses with Bit Index, consider conducting a thorough market analysis and changing your strategy.

That being said, here are some major cryptocurrencies you can trade using Bit Index AI.

• Bitcoin (BTC)

• Ethereum (ETH)

• Bitcoin Cash (BCH)

• Litecoin (LTE)

• Ripple (XRP)

We usually advise traders to consider bots that support various fiat currencies for a streamlined trading experience. Bit Index AI supports plenty, including USD, EUR, GBP, CAD, AUD, etc.

Fortunately, the bot also allows its users to trade various other instruments like US Shares, commodities, FOREX, and Indices.

What assets and products can you trade using Bit Index AI?

As a trader, you are continually looking for a robot that can automate your trades. Also, you want the robot to automate your favorite assets. The Bit Index AI trading robot can do both of these things.

The wide selection of trading strategies under Bit Index AI have been programmed to automate the trades of different kinds of assets. Both cryptocurrencies and Foreign Exchange (FOREX) assets can be traded. What's more the bots claimed AI powered trading can make for highly profitable trades.

What leverage trading options are there with Bit Index AI?

Bit Index AI offers leverage trading at the ratio of 1:100. This can help maximize your chances of earning more profits from the automated trades.

It don't encourage leverage trading, especially for new traders. The process is high risk and, with the volatility in the crypto market, you might end up losing your money. Of note also, the past performance of Bit Index AI in that area doesn’t form a basis for the future outcome. Doing due diligence and investing only the amount you can afford to lose is the ideal way to maximize its leverage trading option.

What are the Spreads on Bit Index AI?

No mention was made of spreads on the website.

If you want to know more about leveraged trading, take a look at our guides to:

• Cryptocurrency spread betting

• Bitcoin CFD trading

Is Bit Index AI Free?

Setting up Bit Index AI is absolutely free, and you do not need to pay any account registration fees. There are also no subscription or inactivity charges, making it easier for traders and investors to plan their activities. However, you must deposit a minimum amount of 250 EUR to start using the robot.

Also, ensure you confirm brokerage fees from the regulated platforms with which Bit Index AI is integrated. Overall, no credible broker will charge you registration fees, and if you meet one that does, you may want to question their credibility.

Note that the EUR 250 minimum deposit requirement is mandatory for you to access the bot’s demo and live trading accounts. Let’s understand below how each of these trading accounts helps streamline your trading activities.

• Demo Trading Account: Demo account is a version of the live trading account but risk-free. You do not need to invest real money with the demo trading account since it is loaded with virtual funds. As a newbie with crypto trading bots, we highly recommend you start exploring the bot using its demo trading account until you are confident in your skills and ready to trade using real money.

• Live Trading Account: This account challenges your skills using real money, and if you are not armed with solid trading strategies, you will lose your hard-earned money. Bit Index AI’s live account carries risks, and you must be open to tracking your positions for increased potential.

Besides offering free services for automating trades, Bit Index AI also has deposit bonuses to look out for from time to time. Therefore, test this bot out, and we assure you of a worthwhile trading experience.

What are the payment methods accepted by Bit Index AI?

You have several options to choose from when adding money to your account or the account you have with the affiliated brokers. Over 15 payment methods are enabled, including but not limited to cryptocurrencies and credit cards.

Bit Index AI doesn’t charge any trading fee, which means that it is completely free to fund your account on the website. However, you will pay up to 5% if you are using credit cards, including MasterCard and VISA. The 5% transfer fee is charged by the affiliated brokers to Bit Index AI and is required both when you are depositing and withdrawing money.

Accepted payment methods include:

• Bitcoin

• Ethereum

• Monero

• ZCash

• Bitcoin Cash

• MasterCard

• VISA, DASH

• IOTA

• Ripple (XRP)

• Litecoin

• Euro and USD

Does Bit Index AI charge fees and commissions?

Bit Index AI is free-to-use software that claims to use some of the best trading robots. You don't have to pay to sign up, deposit money, or withdraw your earnings. All the funds in the account are yours and can be used as you want.

Bit Index AI trade sizes and limits

It is very particular about the amount it can accept from the users. A minimum deposit of $250 is required before you can start utilizing the features of the software. The deposit limit can be increased, provided you sign up with any of the affiliate brokers. Depending on the broker you use, your trade sizes and limits can be increased up to $3,000.

Bit Index AI trading platform

How does It work?

Bit Index AI works by first automating the entire trading process by reportedly using AI trading strategies. Combining a plethora of trading tactics, including Trend, CCI, Williams, Stoch, TSI, and MACD indicators, the software claims to find the best positions for trading activities and passes the information or trading setup to the affiliated brokers via an API.

Bit Index AI specializes in trading both FOREX and cryptocurrency pairs. Thanks to the use of fiber optics technology, the entire process can be set up at once and left to run.

What devices can I use Bit Index AI on?

Currently, there is no Bit Index AI app. Therefore, you have to use a desktop computer or laptop to optimize the trades for automation. The trading platform can be accessed via the website. Web browsers, including Google Chrome and Safari, can access the site with ease.

You can still utilize mobile trading via any of the affiliated brokers. These brokers have dedicated mobile applications that allow you to keep an eye on your trades from anywhere.

The mobile application option offered by Bit Index AI affiliated brokers are available on iPhone, Android, and/or tablets.

Can I use Bit Index AI in my country?

Bit Index is available in more than 100 countries globally, and it is crucial for you to ensure it accepts registration from your country. Examples of countries where using Bit Index AI is allowed are Germany, Italy, Australia, Sweden, and the list goes on.

Is Bit Index AI available in my language?

Bit Index AI offers a wide selection of languages. Some of the supported languages are English and German.

How easy is it to use Bit Index AI?

Trading robots are relatively new, and traders expect the robots to be intuitive. This is the case with Bit Index AI software. The software’s ease of use is bolstered by many factors, including the easy signup and account funding process plus excellent navigation.

How much profit can you make using Bit Index AI?

The cryptocurrency market is highly volatile, thus making it challenging for us to specify the amount of money you can earn as profits. However, it all depends on the amount of capital you invest and how efficient your strategy is. Based on our research and bot comparisons, you can make more than 90% of your original investment.

Keep in mind that earning profits with this platform goes beyond the process of setting it up and letting it execute your trades. You must dedicate time to analyzing the market while developing solid trading strategies that can yield results. This gives you a more hands-on approach to managing your position, thus keeping you in control. Furthermore, when calculating your profits, ensure you factor in tax deductions that must be reported to the IRS/HMRC.

Bit Index AI Key features

Dedicated account managers

The Bit Index AI team claims to look out for your best interests. The dedicated team of account managers ensures that your queries are attended to in real-time.

Claimed AI trading

Bit Index AI software claims to rely on AI algorithms to help you automate your trading and achieve greater trading success.

Demo Account

Bit Index AI features an excellent demo account that you can take advantage of and test how it works before going all in with your hard-earned money. It is also the best platform to test your skills and decide whether you are ready for the live market. To use Bit Index AI’s demo account, you must sign up for a trading account with the robot and make the 250 EUR minimum deposit. Your demo account is ready.

Bit Index AI Security and regulation

Is Bit Index AI Legit?

With many trading robots to choose from, it is challenging for traders to identify a legitimate one that they can trust. In this regard, we went out of our way to ensure Bit Index AI is legitimate by conducting research and reviewing Bit Index AI users testimonials on Reddit and Trustpilot. Based on our findings, Bit Index AI is a credible bot that is integrated with CySEC and FCA- licensed brokers. This ensures you trade safely and under the best conditions.

Additionally, Bit Index AI is highly encrypted to ensure no hackers get access to your data and email. On top of that, it has hundreds of active members across 100 countries globally. As a trader, you do not need to wholly rely on Bit Index AI to manage your positions since it doesn't guarantee profits. Without a solid strategy and a critical eye when tracking your activities, you can still lose money with Bit Index AI. So, be careful.

Is Bit Index AI safe?

Bit Index AI opted for the web-based trading platform with the aim of protecting its users from downloading malicious viruses that could compromise their information. The trading platform also uses SSL in an effort to further protect the data and other sensitive information of its users.

Am I and My Money Protected?

Absolutely. You are assured of your trading funds’ safety with Bit Index AI since it partners with world-renowned brokers. Such brokers store your funds in segregated accounts to ensure no one except you have access to it. Moreover, the brokers allow transactions with safe payment methods, including debit/credit cards and bank transfers. While this robot is safe, you still need to monitor your account once in a while to quickly identify any suspicious activities.

Is Bit Index AI Regulated?

No. Bit Index AI is not regulated, and that is why it collaborates with brokers regulated by top authorities such as CySEC to ensure safe trading. With such brokers, you can enjoy additional features such as research and learning resources for maximum experience.

Do I have to verify my account with Bit Index AI?

There is no information regarding the customer verification process on Bit Index AI. However, you might be required to pass the Know Your Customer (KYC) scheme on the affiliate brokers and exchanges.

How Does Bit Index AI Work? Trading Strategies And Algorithms

Bit Index AI is highly automated and makes use of cutting-edge technology to track the crypto market and trade on your behalf based on potentially profitable trends. It is 0.01 seconds ahead of the market, making it more efficient than humans. Some of the strategies and algorithms featured in Bit Index AI include;

• Automated Trading Tools

• Arbitrage Trading

• News Trading

• Price Trend Analysis

Extra Information about Bit Index AI

Educational Resources

There are limited learning resources on Bit Index AI, making it challenging for newbies to improve on their skills and become more independent quickly. You will only find a small FAQ section with answers to basic questions traders ask or contact support service for assistance.

Luckily, traders can still become familiar with the crypto market by taking advantage of learning resources offered by brokers connected with Bit Index AI. Moreover, there are numerous blog posts online, podcasts, and youtube channels to learn from.

Tools and charting

You don’t need any trading experience before using the Bit Index AI platform. The software automatically connects to and relays the trading signals to the partnered brokers and exchanges.

Also, you can work within trading indicators, including the Moving Average Convergence Divergence (MACD), and the Relative Strength Index (RSI).

Demo Account

As mentioned earlier, the Bit Index AI’s demo account is only available to users who already have active trading accounts with the robot and have made the required deposit of at least 250 EUR. The bot is user-friendly and customizable just like its live version. It is available for free with no risks involved, making you easily gauge your skills and test them out without having to worry about losing your money.

How to get started with Bit Index AI?

Getting started with Bit Index AI is a pretty straightforward process and can take you a few minutes to complete. To ensure we all are on the same page, here are the procedures involved.

Step 1: Account Registration

You need to visit Bit Index AI’s website using the links we’ve shared on this page to register for a trading account and start enjoying its services. On the page, you will share your personal details, including your name, email, and phone number to start the account activation procedure. You will also be required to create a username and password for safe logins.

Step 2: Complete the KYC Procedure

As a standard procedure for all legitimate trading robots, traders are required to participate in the KYC verification procedure to keep the trading platforms safe. This procedure involves verifying your identity and location whereby you are required to share a copy of your original identity card and a utility bill or bank statement. You will then receive an email notification once your documents have been approved and your account is fully activated.

Step 3: Make a Deposit

The minimum deposit requirement of Bit Index AI is $250 EUR, which you must make to get started with the robot. Fortunately, you can make this deposit using various payment methods supported by the bot, including credit/debit cards, bank transfers, and more.

Step 4: Start With a Demo Account

As a new trader in the cryptocurrency space, it is best to start using the bot’s demo account to fully familiarize yourself with how Bit Index AI work and gauge your skill level free of charge. So, once your deposit has been confirmed, explore this platform with a demo account before diving into the live market.

Step 5: Adjust Your Strategy

At this point, you should be familiar with Bit Index AI and be ready to try your luck in the live market. Before using Bit Index AI, ensure you adjust your strategy and consider using stop-loss and take-profit orders to curtail any losses that may occur.

Step 6: Open a Position

Customize Bit Index AI to suit your skill level before activating it to automate your trades. Remember, the bot will do all the work, and all you need is a few minutes to track its performance. As mentioned earlier, it is important to not lose control of your activities, so conduct market research for solid strategies to easily understand how it works. Most importantly, deposit at least 250 EUR as required since the bot will use this money to open positions on your behalf.

How to Delete a Bit Index AI Account?

It is vital to ensure Bit Index AI suits your needs to avoid experiencing challenges once fully invested in the robot. If you find Bit Index AI not fulfilling your expectations and want to try another bot listed on our page, you can delete your account in two ways. First, visit the bot’s menu section, follow the settings command, and initiate the process. Alternatively, you can delete the Bit Index AI account through a broker it is connected with.

How to Withdraw Money From Bit Index AI?

As mentioned earlier, Bit Index AI is not responsible for storing traders’ funds, and you can access your money through the brokers it is connected with. Below is the proper procedure for withdrawing your earnings using Bit Index AI.

1. Sign in to your broker’s account using your username and password.

2. Click withdraw and select a payment method that works best for you.

3. Enter the amount you wish to withdraw

4. Complete the process and wait for the funds to be transferred to your personal account within 24 hours.

Note that most brokers connected with Bit Index AI do not accept payouts in cryptocurrencies. Therefore, ensure you convert your assets to fiat currencies to successfully withdraw your money.

Other Bit Index AI Reviews & User Testimonials

Bit Index AI prides itself on being one of the best trading robots in the cryptocurrency space. However, as expert traders and researchers, we couldn't rely on the information displayed on its website only. Therefore, we reviewed Bit Index AI users testimonials on platforms like Reddit and Trustpilot to ensure you get accurate information.

Fortunately, many users on these platforms think that Bit Index AI is reliable and credible. The bot is also praised for its user-friendly features, thus simplifying trades for newbies. Also, users are impressed with its speed, which helps them quickly identify potentially profitable trends for a superlative experience.

Bit Index AI: Scam or Legit?

In this Bit Index AI review, we've looked at multiple factors and believe Bit Index AI is legit. The massive portfolio of cryptocurrency and FOREX trading options on the platform is impressive. Both experienced and amateur traders can leverage the Bit Index AI platform to maximize profits in both the crypto and FOREX markets. Bit Index AI is unregulated, and it partners with brokers and exchanges that are yet to be regulated as well. Due diligence and keeping up with the latest news about the Bit Index AI platform will help you know if it is the ideal place to automate your next trades in the crypto or fiat markets.

What profi say about Bit Index AI and crypto investing: