BitQS Trading Bot Review
Automated trading systems have changed the way crypto trading can be done. Due to their automatized nature, even users with little experience can begin to trade cryptocurrencies and make a profit. However, among the plethora of trading robots, there’s a huge number of inadequate products. Even worse, a significant number of these bots are actually the result of their developers’ immoral and fraudulent intentions.
In this BitQS app review, we will examine in great detail the BitQS trading bot. Does it offer the users a realistic chance of earning crypto, or is it a scam? How does it function and which features does it provide? The answers lie below.
How Does BitQS Work?
Like all other trading bots, BitQS handles the trading process for the user. Such trading software has become many investors’ best friend, thanks to the high accuracy rate and, therefore, insubstantial amount of risk involved.
Essentially, trading bots work by scanning as many trading websites as possible, in order to locate useful crypto signals. If the bot comes upon a selling crypto signal, it will look for areas where the crypto it previously bought can be sold, at a higher price. Conversely, the trading bot will also look for buying signals. If it locates such profitable trading opportunities, it will buy the crypto at a lower price, and make a profit for the user by selling it later at a higher price.
Trading bots such as BitQS offer a varying degree of automatization. This means that you can optimize the bot to use the best trading strategy you’ve come up with. Or, you can interfere only minimally with the bot’s trading process.
Without a bot, traders must do everything manually, which is a very time-consuming process. There is so much relevant information in the world of crypto that is being generated, practically, at every moment, that it is hard to quickly locate the reliable data you need. Moreover, looking at the same trading screen all the time, while collecting data, is tiring and, frankly, it can get dull quickly. The good trading bots out there have eliminated this problem.
The users’ investments are protected by the built-in security tech, meaning there’s no need to worry about the safety of your crypto. If the trading bot is of a high quality, that is.
As you can see, the general idea behind trading bots is more than solid, but let us now take a look at the BitQS trading platform itself.
BitQS General Info
In recent years, BitQS has been increasingly gaining popularity among crypto investors. This is certainly one of the most sought-after trading bots on the market. It’s gotten some rather positive reviews, and the users are satisfied enough to further boost BitQS’s popularity through word-of-mouth recommendations. With such a buzz surrounding this trading bot, the logical conclusion is that the developers must have done something right.
BitQS has a rather high rate of successful trades, in part because it is based on the latest advancements in technology. Unlike many trading bots out there, BitQS gives the impression of a product that has received a serious amount of dedication and expertise on the developers’ part. Truly, after testing so many lackluster bots, using BitQS is a sound refreshment.
BitQS Key Features
BitQS comes with a myriad of useful features. This is a rather complete product, and it is highly unlikely that the included features will leave you dissatisfied and in want of more options. Here are some of the most relevant BitQS’ characteristics that will bring the most good to traders.
Full Control Over Trading
A very attractive advantage that BitQS provides is the total control the users have over BitQS’ trading. For instance, you can set the exact trade limits, which will determine the amount of the overall deposit that will be used to buy and sell assets on the crypto market. Another example is that users can set the exact time when they want BitQS to trade.
This feature is very appealing to the more experienced traders. It means that not only the beginner or intermediary-level investors can use BitQS to make money, but the more proficient users can use their expertise to customize this automated crypto trading platform as they see fit.
Depositing and Withdrawing Funds
There are a variety of ways to both withdraw and deposit funds. Of course, credit and debit cards are supported, but you can also use PayPal, or eWallets, such as Skrill. Whatever you choose, it will be convenient to withdraw and deposit funds by using the same option. If, for example, you’re withdrawing crypto after you’ve deposited it, the BitQS platform will already be in the possession of the info you left when depositing, making the process faster.
A special instance occurs when making a foreign transaction. In such a case, be sure to inquire at your bank about the process. Whether you’re receiving or sending money, you won’t know which documentation you’ll need for the transaction to be completed successfully. We can’t help you with this process, as it differs based on the bank in question.
At the bank, they’ll also inform you as to the details of the expected timeline of the transaction. Moreover, if you’re transferring funds by wire to an overseas account, it’s a good idea to verify the transaction with the bank. Some banks will give you a predefined time frame that will be longer than the usual time frame, which will be a useful piece of info to know.
Automatic Payment Process
Another handy feature that BitQS provides is the option to set up automatic payments. If you do so, you will be able to freely go on about your business while the BitQS platform sends the earnings it made to your bank account.
After you have concluded one of your live trading sessions, the automated payout feature will calculate the profit you’ve made and then deduct a small sum of money as a means of commission, that will keep trading profitable.
But, if you are so inclined, you don’t have to rely on BitQS to process the payments. After connecting the wallet you’re using with BitQS to your bank account, you can also do this by yourself. Just have in mind that the relevant details on your BitQS platform account must also match the details connected to your bank account.
Overall, the transaction process is convenient and hassle-free when using BitQS. There are many reports of satisfied traders, whose banks regularly sent them credit alerts in less than 24 hours. Therefore, there’s absolutely no need to worry about any glitches or other difficulties during the transaction process.
Licensed and Registered Brokers
When choosing a trading bot, it is essential to check whether it works with regulated brokers. Namely, any time that a trading bot makes a transaction on your behalf, it needs access to an online broker. If the broker that it used turns out to be unreliable, this can potentially cause a substantial issue for users (and for the trading bot itself, as it will get a bad reputation).
Luckily, BitQS has gotten us used to all of its aspects being top-notch, and this aspect is no different. Its developers work in partnership with respectable brokerage companies. Their brokers are all regulated and licensed to do their job. Apart from being competent professionals, such brokers will come in handy any time there’s an issue you’d like to discuss, as you will be able to reach them easily.
Moreover, as the regulated brokers that BitQS relies on can be found in countries all over the world, BitQS comes with another cool detail that makes it advantageous to use. Namely, it will automatically detect your physical location, in order to connect you with a crypto exchange that’s located in your country. It seems the developers have thought of everything.
A High Success Rate
The developers claim that BitQS has a 90% success rate. This number is a bit high, as it is extremely hard for any trading bot to reach such an astronomical success rate, even if it is among the best-automated trading platforms out there. However, we can forgive the devs for pumping the number to an unrealistically high percentage, because BitQS does offer very good success rates.
However, the win rate also depends on the user’s competency in trading crypto. As we said, even beginners can make a long-term profit by using BitQS, but their success rate will be lower. If you want to make the most out of the BitQS platform, you will need to be aware of the factors that determine the degree of success you’ll have with BitQS. For instance, the amount of your initial deposit, in the trading account you’re using, will certainly make a difference. Another factor is tied to the leverage you’ve used (or didn’t).
An Excellent Demo Account Feature
Taking into consideration all the relevant factors necessary for a high win rate might be too much for beginners. Therefore, if you’re not one of the experienced traders, it’s best to use the demo trading feature first, as you’ll be able to avoid losing money.
With the demo trading account, BitQS doesn’t put your capital at risk. On the contrary, it presents you with a “simulation” of sorts, wherein you can practice and experiment with trading tactics, without having to worry that you’ll lose money. This almost makes it sound like a video game, and in truth, it is a similar experience. The difference is that, with BitQS’ demo trading, you can quickly gain insights that have a real-life application, and will preserve your money later on, when you’re ready to handle real crypto trading.
We apologize for beginning to sound like a broken record, but here’s another BitQS characteristic that all users will warmly greet. Namely, BitQS comes with no hidden fees. In fact, apart from the standard initial deposit amounting to $250, BitQS is completely free to use! As there is no required payment-processing directly on the BitQS platform, nor any withdrawal fees, this trading bot is a free personal account manager that won’t surprise you with the costs you haven’t anticipated.
The only possible fee you can encounter when using BitQS may come from your bank. As we said, it’s best to inquire at the bank itself regarding the details of potential transaction fees, as the regulations differ from bank to bank.
BitQS Customer Support Team
BitQS’ customer support is friendly and easy to contact. On the official website’s contact page, you’ll need to leave the description of the issue you’re having, along with your e-mail address. Within 24 hours, you should expect a reply from someone on BitQS’s customer support crew.
Again, this is much different than some trading bots’ customer support teams, which may not even have such a team. Or, if it does exist, it’s not rare that the users will be unable to get a reply for an extended period of time. In such a case, even if the reply eventually arrives, it likely won’t be very helpful and, ultimately, you won’t get a proper answer to your inquiry. In comparison, dealing with BitQS’ support is a relaxed affair resembling a vacation in a tropical paradise.
How to Use the BitQS Platform
We will now guide you through the basic steps of using the BitQS platform, including the trading account setup process. This trading bot is easy to use, but with our assistance, it will be even easier.
The registration shouldn’t take you more than a few minutes. The developers behind BitQS claim they’ve put some effort into streamlining the registration process as much as possible, and it shows. You’ll just need to insert your name, phone number, and e-mail address, and you’re done. After registering, you can change the password in the settings menu.
2) Account Verification
After you’re finished with the registration process, it’s time to verify your trading account. To do so, you’ll need to upload a copy of your ID and passport on the broker’s website. As we said, BitQS will automatically connect you to a licensed broker, based on your physical location.
3) Making a Deposit
Before a trading bot can function, it’ll need some money to invest. Therefore, there’s a minimum deposit of $250 that you must now place. If you’re an inexperienced trader, it’s generally a good idea to not deposit more than the minimum amount. It’s best to begin trading with baby steps before you’re ready to play with the big boys and girls.
There are several ways that you can place a $25o deposit. You can use a crypto wallet, Skrill, Neteller, credit cards including Mastercard and Visa, or, finally, you can transfer the money directly from your bank account.
4) The Demo Trading Feature
We’ve already suggested that beginners should use the demo account first. However, even if you know exactly what you’re doing, the demo feature can come in handy, as it will allow you to test your (advanced) tactics in a safe environment. What’s more, you can become personally acquainted with the components that BitQS comes with.
The demo trading platform is a great feature, so if you’re feeling impatient and eager to begin with live trading as soon as possible, we suggest reconsidering and starting to trade in the demo mode first. The benefits it provides can be of great assistance.
5) Live Trading Sessions
Finally, we get to the meatiest BitQS aspect. Before the live trading session begins, though, you’ll first need to set the trade parameters. Once you’ve done that, press ‘Start’ and BitQS will begin to look for profitable trades. It will automatically transfer any profit that it makes to your wallet, and it will send an e-mail to your address in order to notify you of the earnings.
Similarly, if you want to stop trading, just press the ‘Stop’ button. Have in mind, though, that if you haven’t reset the settings page, the same settings you’ve used for the previous trading session will automatically be applied to the next one, as well.
BitQS: Scam or Legit?
After everything we’ve written, it’s obvious that we don’t believe the BitQS platform to be a scam. However, as users can never be too careful in the sneaky world of crypto, we want to emphasize the fact that BitQS is legit.
This is further supported by the testimonials on the official website. Sure, such testimonials can be fake, but the customer reviews, which are mostly positive, appear to be genuinely written and nuanced enough, so there’s no suspicion of foul play.
What’s more, the fact that BitQS works only with regulated brokers, practically, tells us all we need to know. Such brokers would not have been involved if the product was fraudulent.
And while we’re talking about legitimacy, it’s worth noting that some users may come upon rumors that a number of different celebrities have endorsed BitQS. Well, those rumors are illegitimate, as neither Will Smith, Gene Simmons, nor Elon Musk, for example, have actually endorsed this trading bot. However, this is, ultimately, irrelevant, given the high quality of BitQS and the satisfaction of its users.
BitQS vs. Other Crypto Trading Bots
In direct comparison with the majority of its competitors, BitQS comes out as a winner, and in each and every area at that. This means that all BitQS components are at least better than the average, but, in truth, some of its aspects are fantastically good, placing BitQS somewhere at the top of the trading bot-hierarchy.
In order to compare BitQS with the competing bots, we’ve selected five especially relevant areas:
- Many bots come with hidden fees, but with BitQS, there’s no need to worry about having to pay the costs you haven’t anticipated.
- Other automated crypto trading platforms are unfit for beginners, but BitQS makes it possible for inexperienced crypto traders to earn a profit, too.
- Unlicensed brokers are handling transactions on some automated platforms, but not on the BitQS platform.
- With some trading bots, you’ll likely need to wait between 3 and 5 days for the funds to be transferred to your account. Conversely, making both withdrawals and deposits is much faster on the BitQS platform.
- BitQS comes with an extremely useful demo account feature. This is certainly unusual for trading bots, which, generally, do not offer the demo mode.
As for the drawbacks of using BitQS, there aren’t many. The largest con is probably the fact that there’s no BitQS smartphone application. If you prefer to conduct your automatized trading on your phone, BitQS might not be the best choice for you, despite its many qualities.
Another significant drawback is the limited number of supported cryptocurrencies. BitQS can trade with the following crypto: BTC, ETH, DASH, BCH, DOGE, BNB, ADA, XRP, and LTC. As you see, the biggest coins are supported. But, unfortunately, if you opt to use BitQS, you’ll have to say goodbye to the less popular currencies. At least for the time being, that is, as BitQS might extend its support in the future for other cryptos, as well.
All in all, BitQS is a top-of-the-line product in the realm of automated crypto trading platforms. It functions like a well-oiled machine, and it offers the users a real chance of earning a profit while trading cryptocurrencies. What’s more, it’s obvious that the developers have done all they can to make an easy-to-use bot, that respects the users’ time and nerves. BitQS is certainly not a scam and it has our recommendation.