BitlQ App _ everyone is a cryptocurrency trader with the trending BitlQ, which bridges the gap between newbies and experienced traders.
In its wake, the app has met cynicism from many people for some reasons, one of which is cloning. A Redditor (Reddit user) made a post about socialite TV shows endorsing BitlQ and encouraging the public to get the app. But that’s not true.
Still, it doesn’t detract from the use cases for this product. That remains to be seen, anyway. Do you want to learn about it? If yes, you are on the right page. Here is what you need to know about BitlQ.
What You Should Know:
BitlQ allows you to invest in cryptocurrencies or engage in News Trading and Price Trend analysis using its AI.
Also, it offers Arbitrage trading and other instruments as derivatives.
If you are attuned to digital trade, you notice that arbitrage is only viable within a small difference in at least two stock exchange prices. The deal is that BitlQ’s AI supposedly spots tens of arbitrage trades per minute, securing the spots for BitlQ App users.
Further, the advertised success rate is ninety-percent (90%), which is a landmark for AIs. Users would naturally wonder if the offer is of any value other than being a sales pitch. Newbies cannot be too careful about where they deposit their money. Many scammers already claimed to offer crypto trading hubs in miniature AI-controlled gadgets. But they end up defrauding people.
Is the BitlQ App different from this ilk? Learn the answer in this article.
BitlQ App: Who Are the Dev Team?
The team behind the application is anonymous. However, they claim to be a mix of tech experts, software developers, and business-savvy traders.
Also, the About Us webpage really doesn’t say anything substantial about the app providers, other than looping back to why people should get the app,
How about a verifiable Business Track?
None is available on the site, either.
Common sense suggests that whoever is offering an AI trade executor might need a résumé to match, especially when the said team comprises businessmen. However, the site says nothing about these.
What do the BitlQ App features look like, though? See the section below for details.
It consists of basic app features. Here are the crucial aspects:
You might not expect an AI app to start off with fees, but BitlQ supposedly sluices the gritty, irrelevant parts, leaving only the essential deposits. So, you don’t have to worry about losing your money due to extraneous fees.
PRs mention that the BitlQ App fee is designed to attract and suit the users.
BitlQ CS (Customer Service)
Just in case you have gnawing FAQs, you can tap the CS links on the site to interact with customer service.
Also, the BitlQ App offers a precision mark. What does that mean?
Precision means zero deviation from the target spot. In this case, spotting and executing a trade is the mark. Supposedly, Precision is the BitlQ App feature that optimizes profits by trading within a hundredth of accuracy.
BitlQ App is a newbies-pro, allowing them to learn the ropes before the actual trade. The demo really explains the bunch of features available on the app.
The AI essentially mirrors the best trades compiled over time. It is called copy trade, according to the dev website.
You don’t have to learn the stats. Just follow the prompts to spot the best options. Anyone can infer the algorithm from the clip below (as seen on the website).
This is how you can get started with BitIQ App.
Register with a certified broker
A recommended account manager will be assigned to you after registration.
BitIQ App will be provided to you by your dedicated account manager.
Now, you can set up BitIQ App to suit your strategy. Alternatively, you can choose to trade through your account manager.
So, the offing deal is to get a recommended account manager upon signing up on the app.
How to Register on BitlQ App
BitlQ App is not even on the Play Store all the PR hypes apart. The available ones online are actually APKs.
But here are the registration steps while on the website.
- Enter your First Name, Last name, and Email Address.
- Also, fill in your mobile phone number using your country code.
- Choose a broker from the suggestions.
- Then follow the prompts to complete the registration process.
After registering on the site, fund your account. Then opt for the demo trading option, or start the actual trading right away.
Is the BitlQ App Legit? See below for an answer.
Conclusion: Is it Legit?
Between offering high-risk commodities without registering with the Commodities Futures Trading Commission (CFTC) and pitching copy trading to prospects as a 90% precise AI-executed transaction, BitlQ App is merely thriving on a fad.
This disclaimer in the footnote guarantees that seventy percent of the investors can lose their money on the supposedly 90% success rate app. Also, it subtly warns the investors about its status with the CFTC (unregistered).
Read the disclaimer below (we highlighted the parts in bold print).
Important Risk Note: Trading can generate notable benefits; however, it also involves a risk of partial/full funds loss, and should be considered by initial investors. Around 70 percent of the investors will lose money. Carefully read our terms & conditions and disclaimer page before investing. Customers must be cognizant of their individual capital gain tax liability in their country of residence. It is against the law to solicit United States persons to buy and sell commodity options, even if they are called ‘prediction’ contracts unless they are listed for trading and traded on a CFTC-registered exchange or unless legally exempt.
Bitlq is not legit in this regard. The dev team only gets off lightly if they accept money from people on the agreement that the deal is actually 70% fallible trade sessions.