Bitcoin Superstar Review: The Complete Guide
Initially, bitcoins were created to find use as a universal medium of exchange. The motivation was to exchange bitcoins as payment from one corner of the world to another in a few minutes. Today, however, bitcoins are not just electronic coins but high-value digital assets used as securities for money investments.
There are many ways in which people can make money using cryptocurrencies and more specifically bitcoins. Some of these ways include loaning or lending of bitcoins, investing in bitcoins, and the other type of cryptos, mining, etc. Of all the methods, trading in bitcoins has garnered quite the popularity. In fact, the internet is saturated with real-life stories of people generating profits via trading bitcoins.
So, is it truly possible to become millionaires via Bitcoin trading?
The answer varies as per the user experience. Because trading requires the utmost dedication and investment of both time and money. It also requires the trader to be up to date with the cryptocurrency market conditions. While this may seem like hard work, dedicating a substantial amount of time will certainly reap profits.
Still, one should never forget that trading similar to Forex, stock market investments comes with their own set of risks. Moreover, one has to know the basics of trading and must have market knowledge for carrying out profitable trades.
With the skyrocketing popularity of trading in bitcoins, many software were developed and delivered to provide assistance for traders new to cryptocurrency trading. Such a type of crypto trading platform makes use of trading robots that are backed by Machine Learning and Artificial Intelligence (AI).
Introduction to Bitcoin Superstar
Bitcoin Superstar is an auto trading platform, which uses an AI-powered trading bot to analyze market conditions and trading signals. The trading platform has been in the industry for over four years. There was also news that the trading platform released its third Initial Public Offering (IPO) sometime in September 2020.
Let’s understand what makes Bitcoin Superstar similar and different from its contemporaries. In this Bitcoin Superstar review, we will provide the complete information right from using Bitcoin Superstar to its advantages and demerits. However, before proceeding with the review, it is important to understand what Bitcoins are.
What is Bitcoin?
Bitcoin is the first cryptocurrency created by a pseudonymous person or a group called Satoshi Nakamoto. Bitcoins use an advanced encryption technology referred to as cryptography to validate their transactions. As a decentralized system, anyone can use bitcoins, but no one can own them.
Nonetheless, what truly makes bitcoins popular is user anonymity and the scope to utilize it as a universal e-currency or digital coin.
Unlike the fiat or fiduciary currency, cryptocurrencies like bitcoins and the other Altcoins do not have a physical form. Typically, bitcoins (BTC) are stored in e-wallets in the form of public and private keys. The public key acts like a bank account number where users can receive bitcoins and the private key refers to bitcoins, which the user spends or sends to another peer.
The Rise of Cryptocurrency
The first Bitcoin was released in 2009 when it was valued for nothing. Nevertheless, over the years, it grew in value, for instance, in the year 2013, the value of a single Bitcoin or BTC was $266. In 2017, Bitcoins experienced a massive upsurge in its value at $2,000 per Bitcoin. Currently, the price is close to $400,000 per BTC.
Cryptocurrencies in general and bitcoin, in particular, are gradually blending into the mainstream. As a matter of fact, many retailers are accepting bitcoins for their products and services. Some of the well-known brands that accept bitcoins as a currency to sell their products or services are Shopify, Expedia, Subway, among others. Thus, the day is not far when cryptos and particularly bitcoins will become omnipresent as traditional currencies.
Of all the cryptocurrencies, bitcoins are the most highly traded digital currency globally. It is also the most volatile crypto, which provides ample opportunities for traders and investors to make money. Moreover, as indicated above, Bitcoins are being used as the preferred mode of payment for online transactions in particular. Although Bitcoins are not governed and regulated by any central authority like governments and banks, they are one of the most highly traded digital currencies in the major financial markets.
Why is Bitcoin Valuable?
There are only 17 million Bitcoins in the world and this number will likely go up to 21 million after which no more bitcoins will be mined. The main reason behind this is that the underlying algorithms of Bitcoin mining limit the quantity of bitcoins produced. Thus, making crypto a finite asset.
As the number of bitcoins that exist and the ones which are yet to be produced are limited, it will ultimately lead to high demand. And, undoubtedly with the limited supply, the value of every Bitcoin would be expected to increase in the coming years. Moreover, cryptocurrencies provide the utmost transparency and security, thanks to blockchain technology.
Every transaction involving bitcoins is recorded on a public ledger called the blockchain network where every block represents a transaction. Although an open-source system, bitcoins are decentralized meaning, the blocks cannot be tampered with or manipulated with.
The bottom line is, as bitcoins are finite commodities, they would be akin to some of the other finite assets and soft commodities like petroleum, silver, gold, platinum, etc. Thus, as the years progress, investing in bitcoins would also diversify one’s financial portfolio.
What is Bitcoin Trading?
Simply put, the process of buying and selling bitcoins broadly defines Bitcoin trading. Here, the aim is to buy bitcoins when the price is low while selling them when there is an increase in their price. In other words, making money with Bitcoin trading is about capitalizing on its high selling price.
Unlike Forex or CFDs trading, a Bitcoin trader does not have to own one or many Bitcoins. As a matter of fact, a single Bitcoin is further divided into smaller parts referred to as satoshis. Thus, Bitcoin traders can trade as low as 0.001 BTC to make extra money.
Although Bitcoin trading has great potential for making money, executing a lucrative trade is not as easy as it sounds. Bitcoin trading requires immense focus and dedication. It involves market analysis, where one has to constantly monitor the price movement of the crypto. While this is achieved through fundamental and technical analysis, monitoring the cryptocurrency market 24/7 is quite difficult even for the professionals.
Bitcoin trading is unlike the stock market that operates for a fixed time every day. In fact, Bitcoin trading is similar to Forex trading where the financial assets or the currency pairs are traded 24/7. Although bitcoins can be traded on cryptocurrency exchanges, traders cannot bank on making profits 24/7. It is when automated trading software like Bitcoin Superstar comes into the picture, making Bitcoin trading 24/7 easy and convenient.
An Overview of Bitcoin Superstar
Bitcoin Superstar auto trading software was developed by Conrad Atherton who is a well-known cryptocurrency advocate and software professional. According to its makers, Bitcoin Superstar has a success rate of close to 99.4%, which is quite high in comparison to regular exchanges. Nevertheless, as per many users, the ITM rate was found to be 86%.
The Bitcoin Superstar software claims to help traders make $1000 per day on an average with a trading capital of $250. Nevertheless, the Bitcoin Superstar website clearly states that the success rate or the profit made is determined by the trading settings opted for and also the deposit made by the trader.
How Does Bitcoin Superstar Work?
Bitcoin Superstar automated trading software notifies the trader by providing accurate binary options trading signals and market trends. And, these signals are derived from the same source most often used by the Wall Street market. In other words, the software will provide useful information like when and what to trade. In fact, according to our findings for this review, users received over 30 binary signals soon after account activation. Most of these users also claim that they experienced a 95% success rate where they made money on the very first day.
Although automated, the trader is in control of the trade while the trade will continue as long as the trader has their software on. During any time of the day, the trader can turn the software off and claim the trading capital and the profits earned.
Get Started with Bitcoin Superstar
Registration is a must for using the trading software where the visitors must duly fill the short registration form furnishing name, telephone number, etc. Below is the 4-step process to start trading on the Bitcoin Superstar software.
Step One: Registration
Visitors are required to provide basic details like name, email address, phone number, etc. After this, they must create a login password to access the account.
Step Two: Verification Process
After registration, the next step is the Bitcoin Superstar account verification process, which generally takes only a few minutes. It involves verifying the user’s email address, phone number, etc.
Step Three: Make the First deposit
Using Bitcoin Superstar software is completely free. However, to earn real money by trading Bitcoin, it is essential to deposit a trading capital or fund. The minimum deposit limit is $250, which can be made using either of the available payment methods that reflect on the deposit page. For instance, wire transfer, credit card payments, etc.
Step Four: Start trading
Once the registration process is complete, users will be directed to choose either a trading session or trading tutorial or demo trading session. Visitors are advised to note that they do not have to make a deposit of 250 USD to access the tutorials or the demo account feature. Needless to say, for live trading to make money, it is essential to deposit a trading capital.
Risk Level and Trade Size
Trading in general, whether Forex, CFDs, or other commodities often involves risks. In fact, the higher the risk, the greater is the profit or loss. As established earlier in this Bitcoin Superstar review, the user is in complete control of the trading parameters. That said, traders can set the Risk Level and minimum trade size when opting for the auto trade feature.
We recommend traders to choose a low-risk level while opting for a minimum trade size of $25. There are many case studies on the Bitcoin Superstar community and forums where users have made a profit of over $1,500 in a week with low risk and a minimum trade size of $25.
Bitcoin Superstar review: Key Features
Bitcoin Superstar software carries out trades across 163 crypto exchanges. Superstar Bitcoin supports only the following limited types of cryptocurrencies; Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC)
Withdrawals and Deposits
The Bitcoin Superstar trading system supports multiple payment options. Typically, the payouts are processed at the end of a trading session. Bitcoin Superstar takes under 24-hours to process the withdrawal requests.
Payouts at Bitcoin Superstar
The trading platform supports instant payouts and may sometimes take up to 24-hours. Users are advised to withdraw the profits earned on a regular basis. While this enables faster cashouts, it also prevents the trader from using up the profit generated as the trading fund.
Customer Support at Bitcoin Superstar
Bitcoin Superstar has 24/7 live customer support. Apart from this, the website also features a contact form seeking the user’s contact number. The support team typically resolves the user concerns within 24-hours.
Long and Short Trading Positions
Bitcoin Superstars allows traders to open long and short trading positions. Thus, users can earn profits by speculating the price movement of the crypto.
Bitcoin Superstar works in partnership with numerous brokers enabling leverage trade as well. In fact, leverage may go up to 1:1000.
Bitcoin Superstar review: Pros and Cons
- 90 to 95% success rates
- Features demo and live trading accounts
- User-friendly interface
- Auto trading with more than 160 exchanges across 35 countries
- The minimum deposit is comparatively low at $250
- Supports Bitcoin trades with a myriad of fiat currencies like USD, EUR, NZP, and GBP
- Supports only select cryptocurrencies
Is Bitcoin Superstar a Scam Software?
As per our findings, Bitcoin Superstar is not a scam website. Bitcoin Superstar is a trading platform that supports the auto trade of cryptocurrencies and more specifically bitcoins. The site features an easy registration policy while all rights reserved by Bitcoin Superstars. For more information, users are requested to read the website’s terms and conditions.
Are Bitcoin Superstar celebrity endorsement stories true?
Since the introduction of auto traders like Bitcoin Superstar, numerous stories and fake news have been circulating the internet. In fact, some reviews claim celebrity chef Gordon Ramsay, Tesla Group’s Elon Musk, among others actively use Bitcoin Superstar. There is no proof supporting these rumours to be true.
Bitcoin has many supporters and adopters who are notable names in the business industry. Richard Branson of the Virgin Group is one such early advocates of Bitcoins in general. As a matter of fact, Branson’s Virgin Galactic accepts bitcoins as payment for booking a flight on the space shuttle. Needless to say, although Branson supports bitcoins, he has not endorsed Bitcoin Superstar or any other auto trader.
Bitcoin Superstar is an auto trader that features trading bots based on powerful algorithms. These trading robots are backed by AI ensuring accuracy and high-profit rates. Bitcoin Superstar supports trading of other cryptos like Ethereum, Litecoin, etc. as well. As an ideal platform for both beginners and professional traders, it supports the backtesting of trading strategies. Also, Bitcoin Superstar is ideal for leveraging the trading of bitcoins. Overall, users are advised to start with the low-risk option and smaller trade sizes to avoid losing bitcoins. Our verdict, Bitcoin Superstar is a legit and safe trading platform.
Bitcoin Superstar FAQs
1. Is Bitcoin Superstar legit?
Yes, Bitcoin Superstar is a legit automated trading platform. Bitcoin Superstar is partnered with hundreds of brokers and exchanges globally, which is a testament for its authenticity.
2. What is the maximum deposit limit at Bitcoin Superstar?
While the minimum amount to be deposited for live trading is $250, the maximum amount may go up to $15,000. Nevertheless, we recommend beginners to start with a low trading size of $25. Users are advised to note that the minimum amount does not apply for withdrawals at Bitcoin Superstar.
3. What are the different payment methods supported at Bitcoin Superstar?
Some of the payment options include Neteller, Maestro, MasterCard, Visa, credit, or debit card, among others.
4. Is there a Bitcoin Superstar mobile app?
Bitcoin Superstar is compatible with any mobile device whether Android or iOS. It is also imperative to note that the trading platform requires an internet connection and cannot be accessed offline. That said, the online platform is compatible with various computer devices, laptops, smartphones, among others.