If you are new to Bitcoin and searching for ways to make money with crypto, you might have come across Bitcoin Compass, a trading robot that is designed to position you and time you into the markets so you have best chances of winning trades. CryptoWhat sees trading robots all the time and today we are going to do a full review on Bitcoin Compass.
While doing our research, we came across dozens of websites that claimed Bitcoin Compass was the real deal. Be careful with these sites that are shoving the Bitcoin Compass offer down your throat. They are earning a commission to refer you to a program they have likely never used.
After sifting through all the spam sites promoting Bitcoin Compass, we discovered what is really happening behind the scenes and we reveal it all here. Does this mean Bitcoin Compass is a scam? We will uncover that below.
But first…
Why Use an Auto Trading Robot?
Auto trading robots have many upsides and there is no doubt that the right trading robot system can work in your favor. Keep in mind there are several to choose from that offer a wide variety of features. Having a robot auto trader allows you to take trades at the most opportune times even if you are not at your computer. The system can be directed to take trades based on different parameters you assign it depending on which trading platform you use.
When you start trading Bitcoin, you may not know your available options and features when it comes to choosing a trading robot. Settling on the first auto trader you come across may not offer what you need for your style of trading. It’s important you are aware so you can find what works best for you. There are technical and complex traders but there are also some user-friendly auto traders, designed more for the beginning Bitcoin trader.
See our reviews on top crypto trading robots. (Hint: Bitcoin Compass didn’t even make it on the list)
If you are still interested in learning more and looking at joining Bitcoin Compass, this article will help answer all your questions to determine if this is right for you.
What Is Bitcoin Compass?
The Bitcoin Compass trading robot website states that is is able to maximize traders Bitcoin profits through rising and falling markets. If you don’t want to use the auto trader, Bitcoin Compass also offers the ability to manually trade.
How Does Bitcoin Compass Work?
Bitcoin Compass claims to be a one-stop-shop for people looking to automate their crypto trading. Using preset configurations, the Bitcoin Compass is programmed to identify opportunities in the market. The platform gathers large amounts of data, predicts market conditions and makes trades for you when opportunities arise. Recognizing various patterns and indicators that can be customized individually, you can setup to take as many trades as you want everyday.
What does it cost to start with Bitcoin Compass?
You can join free and test out a demo account and if you want to deposit live money, there is a $250 minimum deposit which can be paid multiple ways. Credit cards and bank transfer are most popular options but they also offer alternative payment choices.
Is Bitcoin Compass Safe?
Even though you can find dozens of sites saying Bitcoin Compass is safe; we found a number red flags that would make you think twice before joining. Looking pass all the affiliate sites trying to sell you Bitcoin Compass, the real reviews are not so good.
Is Bitcoin Compass Legal?
Bitcoin Compass is legal but not in all areas. See the list of approved countries where you can use Bitcoin Compass below.
Bitcoin Compass is available in these countries.
Bitcoin Compass is not open or available to US residents. Here is a list of the countries that are allowed to access Bitcoin Compass.
Argentina, Austria, Australia, Brazil, Canada, Switzerland, Chile, Germany, Denmark, Spain, Finland, Great Britain, Greece, Hong Kong, Ireland, Iceland, Italy, Luxembourg, Mexico, Malaysia, Holland, Norway, New Zealand, Peru, Poland, Portugal, Russia, Sweden, Singapore, South Africa.
Is Bitcoin Compass a Scam?
This might not be a total scam but there is definitely some fishy business going on from what we can see. The claims, testimonials, and awards on the site can’t really be verified and we did come across two other websites with same ad copy, pricing, features, and profit claims so it’s likely there are different skinned versions of the same program.
This is never a good sign and strongly indicates this is designed by brokers trying to sell you on a broker service or partnered with someone that will try to get you to deposit funds into a broker.
What are some Bitcoin Compass alternatives?
There are literally hundreds, if not thousands of these auto trading systems across the board and we found 98% of them to be blatant scams. They are often found in suspicious jurisdictions with loose regulation and virtually no ability for to you to take action if something happens.
Overall opinion and review on Bitcoin Compass
We have a hard time standing behind and recommending Bitcoin Compass. We have come across multiple social media accounts and blogs with comments about people losing money, bad customer support and that it is a straight out scam. Additionally, we found a couple sites with almost identical wording and pricing so it’s likely the software is spun out into different brands. We can’t confirm or deny but we do know there are better options from everything we have found, read, and used.
If you want to find some legitimate crypto auto traders, check out our review of the best crypto auto traders here.
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