What is Bitcoin Up?
Enhanced with smart algorithms, Bitcoin Up is an intelligent program that can help you trade bitcoins on your behalf, in an automated manner. To understand what is bitcoin up, you wouldn’t need any special skills or experience. Besides, it has an excellent record of accomplishment based on the user feedback available on many platforms on the web. Users look happy with its high return of investment especially because Bitcoin Up has helped many of them to become millionaires. Let’s take a dive into what is Bitcoin Up and see how it works.
Background Of Bitcoin Up?
The exponential rate at which the automation is slowly succeeding to take over is way too high right now and the financial sector isn’t much different. Automated trading programs and software are slowly replacing the traditional quant-dedicated trading functions and wealth management systems.
By 2022, the total value of assets in the U.S. to be managed by these bots and software will be around $5 trillion according to some estimates. Examples of these bots are popular asset management platforms like Accenture, Betterment etc.
Some of the most powerful algorithms in the world are said to be so powerful that they can make millions of dollars within a short time. So what is Bitcoin up and can it help you generate such amounts?
What is Bitcoin Up?
Dedicated to trading Bitcoins (BTC) only, Bitcoin Up is an automated trading bot. Using derivatives like the contract for difference (CFD) mechanism, the Bitcoin Up bot can bet on BTC that allows traders like you to profit from asset price movements without making the effort to physically buy them in the first place. Some of the popular CFD pairs that Bitcoin Up offers are BTC to ETH, BTC to GBP, BTC to USD, BTC to EUR and 45 other pairs.
How Does Bitcoin Up Work in the Trading Sector?
Bitcoin Up works by creating connections with the markets via particular brokers. The bot or the program carries out the market research and evaluates all the insights to brokers for execution.
In order to ensure that all the individual orders execute instantly, bot brokers have a very distinct execution system. If you fail to execute orders instantly within time, you can get slippage and eventually lose money while changing your bid or asking for the price.
These bot-based, software brokers also provide features like leverage and facilitation of transactions. A majority of these trading bots don’t have proper regulation as financial institutions so they have to rely on brokers to receive public deposits. According to regulatory bodies, it’s important for all firms with public deposits to register themselves as financial institutions and follow certain standards.
The brokers who have partnered with Bitcoin Up are quite reputable and regulated. Therefore, all the users have a higher guarantee of fund safety even in the event of a bankruptcy. In order to conform to these conditions and regulatory standards, the Bitcoin Up brokers have a trading leverage of 4000 to 1.