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Bitcoin Bank Review – Scam or Legitimate Trading Software

Prateek Arora
Last updated: | 9 min read
Bitcoin Bank Review

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content

Claiming to be an intuitive trading platform, Bitcoin Bank has been around for a while now. In this review, we shall try to understand what the entity actually is by looking at some of its features and information available on the website.

As an avenue that deals with the buying and selling of cryptocurrencies, Bitcoin bank calls itself a website that is both easy to use and boasts a seamless design. Read on till the end to learn how to start trading on the Bitcoin Bank trading platform.

Bitcoin Bank Summary

Bitcoin Bank supposedly hosts multiple cryptocurrencies for investors to buy or sell. It is naturally a good idea to be aware of any platform’s features, costs, and similar factors before using it as long as there is real money involved. So, here is a table that discusses some of the main features and products available on Bitcoin Bank as per the information available on its website.

Type of Trading  Crypto 
Success Rate Claims 99%
Cryptocurrencies Available BTC, ETH, XRP, XMR
Available on Mobile? No (But accessible via mobile browsers)
Withdrawal or Deposit Fees None
Customer Support N/A
Withdrawal Speed 24 hours
Minimum Deposit $250

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

What is Bitcoin Bank?

Bitcoin Bank is a trading platform where users can buy or sell cryptocurrencies like BTC, ETH, XRP etc. One can quickly set up their account and get started with the service provided by Bitcoin Bank by filling out some necessary details and depositing the minimum amount of $250, as per the website. The aforementioned details usually include the name, email address, and contact number.

Bitcoin Bank logo

According to the website Bitcoin Bank uses machine learning and artificial intelligence to scan the crypto market and identify prevalent trends. With its high-frequency trading software, the bot goes ahead to find optimal trade entry positions. As trends shift, Bitcoin Bank’s intuitive system can open and close trades swiftly, thereby improving the chances of making profitable trades. We didn’t find any resources to verify these claims. However, these were some of the features of the platform that the website stated.

Surprisingly, the Bitcoin Bank team also claims that their trading robot is about 0.1 faster than the market itself. This, too, was unverified as no sufficient proof to support the claim was arranged by the platform.

Several other reviews are available about Bitcoin Banks that mention customer support and information regarding a demo account service provided by the platform. Moreover, no information regarding the creator of Bitcoin Bank has come to light, except for some rumors that it may be currently associated with some popular brokers in the industry.

The proper operational mechanism for Bitcoin Bank was also unavailable since the information accessible to visitors is limited. While there may not be many red flags as such, we would suggest that investors do their due diligence before parking their funds into the platform.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection

Bitcoin Bank Pros and Cons

Pros

  • Simple Identity Check
  • Minimum Deposit of just $250
  • Offers a Demo Account
  • No Transaction or Hidden Fees(as per the website)

Cons

  • No Dedicated Mobile App
  • One may be Unaware of Associated Risks

How does Bitcoin Bank Work?

To get started on the Bitcoin Bank, one is expected to fill in their details and initially register as a user. There is apparently no fee associated with the registration process of the platform. One can access the actual service provided by Bitcoin bank if they enter their name, email id, and phone number, as mentioned above.

Bitcoin Bank trading platforms

While there are mentions of a demo account, one will need to make a minimum deposit of at least $250 to actually start exploring the website and investing money. Once this deposit has been made, Bitcoin Bank will supposedly allow users to access their main dashboard, which can be used to carry out their trading processes.

Currently, the website features tokens like BTC, BCH, ETH, LTC, DASH, ZCASH, etc as great investment options. But there is no proof if the service does in fact, support all these tokens as a part of its trading platform.

As per some data available online, the only way to get access to the Bitcoin Bank’s dashboards, prices etc is to inject the $250 minimum deposit amount first. Since this wasn’t tested out by the team, data or verification regarding the same isn’t currently available.

There is no sufficient data about the technology or add-ons the platform uses as a trading platform except for a small section that mentions its top three products. These include a Web Trader, Tailor-made Web Mobile and MT4 or Meta Trader 4, which is a widely used component for trading.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection

Bitcoin Bank Key Features

There are some elements that apparently act as key features on the Bitcoin Bank platform. These may not all be verified by trusted entities with scrutiny, but they still are some of the main points highlighted by the Bitcoin Bank Platform that could potentially attract investors.

Ideal for Beginners in the Space

Bitcoin Bank states that it may be an excellent option for investors to consider when it comes to crypto trading platforms. Its easy-to-use interface and quality products can be a good match for those who have been looking to enter the industry recently, Bitcoin Bank states.

A demo Account may be available

The Demo account can only be accessed by those who initially deposit the $250 minimum amount. While it is a highlighted feature by the platform, we were unable to find more data about the account and how it operates with accuracy.

Popular Brokers may be Associated

This claim made by bitcoin Bank is something that we couldn’t verify due to a lack of information regarding the same on the website. However, some data about the platform online does state its potential affiliation with certain unknown brokers.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection

Bitcoin Bank Account Fees

While we are not sure about this, Bitcoin Bank has claimed to be a free-to-use platform. It supposedly charges no fee; neither does it levy any subscription charges for those who wish to use it. As of now, the following is the fee structure of Bitcoin Bank, as per the website.

Trading Fees None
Account Fees None
Commission  None
Withdrawal/Deposit Fees None

Minimum Deposit on Bitcoin Bank

As mentioned above in the article, the platform charges a rather heavy sum of $250 for investors to get started. This may not be a substantial amount to many but it could be quite a lot for some. Regardless, it is wise to carry out more research before actually depositing funds into the platform.

Bitcoin Bank: Compatible Devices

While there is no dedicated app for mobile phone users to access the Bitcoin Bank trading platform, it is available on several other devices, according to the developers. As per their claims, Bitcoin Bank is available on

  • Mobile (online browsing)
  • Laptops and Desktop
  • iPads and Tablets

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection

Is Bitcoin Bank a Scam or Legit

Precise Information about the developers, the working of the platform, etc is not made available on the website. This makes it difficult for us to verify a majority of claims made by Bitcoin Bank. The website does, however, state that it provides services right after signing up and depositing funds.

The reviews or ratings for Bitcoin Bank online are rare, and there is no sight of any social media handles that could provide more insight into the platform. Due to such limited access to information regarding Bitcoin Bank, it can be tricky to correctly asses the platform’s authenticity.

Read about our leading Bitcoin robo advisors that have been more time-tested as legitimate. 

Bitcoin Bank Customer Support

There is a mention of customer support of Bitcoin Bank on some pages that take about it. However, such an option is not available on the website. It may be likely that this feature can only be accessed after depositing the minimum amount.

How to Begin Trading with Bitcoin Bank?

Registering on the Bitcoin Bank is a rather simple task. Once you have completely read the terms and conditions and privacy policy available on the website and explored the platform completely, you can determine if you would like to trade on it. For those interested, this is the process to follow:

Step 1: Visit the Bitcoin Bank Website

Create a new account on the Bitcoin Bank website by adding your email id, name, and phone number.

Bitcoin Bank account creation

Step 2: Make the Minimum Deposit of $250

Deposit the required amount to be able to access the platform and use it for trading.

Step 3: Start Trading with Bitcoin Bank

Once the payment has been processed, you can start trading multiple cryptos with Bitcoin Bank.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection

How to Delete a Bitcoin Bank Account?

As mentioned above, it is likely that Bitcoin Bank works or is associated with some brokers, which means that one may need to access the main menu or get in touch with customer support if available if they wish to delete their trading accounts on the platform.

Who created Bitcoin Bank?

Bitcoin Bank’s developers are yet to be identified. As of now, there is no mention of the team or core members who were involved in the making or running of the trading platform.

Does Jeff Bezos Use Bitcoin Bank?

The founder and CEO of Amazon Jeff Bezos is one of the top 5 richest people in the world. However, we found no association between Jeff Bezos and the Bitcoin Bank platform during our research.

Does Elon Musk Endorse Bitcoin Bank?

Elon Musk is the CEO of Tesla, which is also a multi-billion dollar company. While there have been some rumours about celebrity involvement in Bitcoin Bank, we found no relation between Elon and the platform whatsoever.

Does Martin Lewis use Bitcoin Bank?

There is no proof that popular finance icon Martin Lewis uses Bitcoin Bank.

Bitcoin Bank Payment Methods

Here are some of the known available payment methods on Bitcoin Bank:

  • PayPal
  • Credit cards
  • Debit cards

The Verdict

This review has attempted to touch all available data points regarding the Bitcoin Bank trading platform. Due to a lack of online presence and limited information on the website, it may not be possible to accurately provide a verdict that could prove the platform’s authenticity. Thus, investors are requested to do their due diligence before getting started on the platform.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection

Bitcoin Bank FAQs

What is the minimum deposit for Bitcoin Bank?
The minimum deposit for Bitcoin Bank is $250. That is the only way to access the entirety of the features available on Bitcoin Bank.

Can one access the platform without registering?
No, registration and minimum amount need to be deposited in order to get complete access to the Bitcoin Bank platform. Every feature has been locked behind a paywall, and users can’t get an idea of what its features are by just looking at the homepage.

Does Jeff Bezos use Bitcoin Bank?

There is no evidence available online or anywhere else that Jeff Bezos, the founder of Amazon, uses Bitcoin Bank to to simplify his trades.