Bitcoin Buyer Review – Scam or Legitimate Trading Platform?

Celý článek

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

Bitcoin Buyer gives investors a vision of a future world where Bitcoin reigns supreme. “People, governments, and corporations will use it equally”, the website says. To get users future-ready, the platform’s website claims to deliver an intuitive trading experience removed from the complex issues that crypto trading comes with.

But does the platform perform as it promises? In this Bitcoin Buyer review for 2023, we look into whether this crypto trading system is a scam or a legitimate offering.

Bitcoin Buyer Review Summary

Bitcoin Buyer has provided limited insight into what it does. Before we go into analyzing it, here are the key details about it to keep in mind:

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

What is Bitcoin Buyer?

Bitcoin’s current price chart shows that a bigger rising trajectory is on the way. People are excited about it, but still are cautious. Their reason? Crypto trading is complex. And when dealing with a market where emotions reign supreme, a platform should be present to present a helping hand.

Bitcoin Buyer proclaims to be that support. A simple platform with not many features listed on its official website, Bitcoin buyer claims that it will remove complications from cryptocurrency trading.

The site asserts itself as beginner-friendly, providing the first stepping stone for newbies to get the gist of the crypto market.

Bitcoin Buyer apparently does so in preparation for the upcoming “Crypto Cold War”, which it says will be where countries battle each other to rule the world of cryptocurrency.

These propositions aside, the website itself doesn’t talk much about its features. In fact, nothing notable has been listed on the website. This indicates that registration is a must to get the full picture.

The registration process is simple, with only simple details required. The website is also responsive, making it easy for mobile users to sign up.

Using the platform, however, comes with a mandatory deposit. This can be difficult since there is no information about it or the fee one needs to pay to use the website.

In light of these details, it is better to stay cautious when dabbling in Bitcoin Buyer’s offerings.

Bitcoin Buyer Pros and Cons

The website’s limited content makes it difficult to ascertain its pros and cons. Therefore, we are basing the following list based on third-party reviews and customer testimonials that we could find:

Pros

• The sign-up process is simple
• UI provided is easy to interact with
• Purportedly is designed for beginners
• Bitcoin-exclusive crypto trading platform

Cons

• No features are highlighted on the platform
• Fee details are absent from the site
• No information available about the founders
• Unclear if altcoins also supported alongside BTC

How Does Bitcoin Buyer Work?

Bitcoin Buyer doesn’t specify anything about how it works. All it has mentioned is that it is being designed for beginners. The website’s homepage focuses more on Bitcoin’s history and its impact and not on the features available.

Some third-party reviews, however, have stated that it is an auto-trading platform. These reviews say that Bitcoin Buyer has placed a crypto trading bot in place that buys Bitcoin on the user’s behalf, i.e. executes buy orders.

That said, other information available online contradicts this. They say Bitcoin Buyer is a manual trading system with no traits of an AI crypto trading bot.

What the platform states, however, is that it lets users trade Bitcoin within a controlled ecosystem. This is a vague answer. That said, we can extrapolate some info from this.

The trading platform may provide an account manager – a robo advisor perhaps – to help users buy and sell cryptocurrency.

Since it is still not a clear picture of how Bitcoin Buyer may work, we recommend talking to the customer support team for answers.

Bitcoin Buyer – Top Features

Listed below are the features that Bitcoin Buyer may have:

Simple Sign-Up Process

Bitcoin Buyer hasn’t put any needless complications in its sign-up process. Users can come to the website and create an account by providing key details.

Simple UI

The website says that it provides an environment for beginners to buy and sell Bitcoin properly. Therefore, a simple UI might be available for users.

Bitcoin-Exclusive Support

Per the website, only Bitcoin is supported on a platform. While the lack of diversification can be a cause for concern, a trading system for a particular cryptocurrency could mean more success for users.

24/7 Customer Care

The platform does say that customer care is available for users throughout the day. Apparently, users can reach out to the team anytime they want to resolve any issue.

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

Bitcoin Buyer – Fees

Bitcoin Buyer does not say anything about its fees. Since it also does not proclaim a “no-cost” trading facility, it doesn’t have a fee-free structure. Investors must get this information by talking to the customer support team.

Bitcoin Buyer – Minimum Deposit Requirement

Since Bitcoin Buyer’s proclaimed traits are similar to other crypto trading platforms we have covered, there must be a minimum deposit requirement. The problem is this information is not available on the website. We request you to talk to the customer support team for answers.

Is Bitcoin Buyer a Scam?

All Bitcoin Buyer states that it offers a controlled environment for beginners to let users trade. It doesn’t make any large claims about its success rate, nor does it mention the presence of a hands-free trading system.

To put it plainly, the website doesn’t have enough information for us to categorize it as a scam.

Third-party reviews, however, tell a different story. Some of them say that autonomous trading systems are available. Fortunately, most of them have a balanced view of this platform.

While addressing the positives of this trading site, they have also addressed concerns about the lack of information.

On the other hand, customer reviews are not so balanced. Sitejabber has given it 4.4 out of five stars based on 19 reviews. Most of the “customers” have taken an overly positive tone to describe it. However, the words they have used are the same, which leads us to believe that these individuals may have posted their reviews for marketing purposes.

Considering these factors, Bitcoin Buyer cannot be categorized as a scam or a legitimate trading site. Investors are advised to remain cautious. Invest per your risk tolerance and know that profits aren’t guaranteed when trading Bitcoin.

Bitcoin Buyer Customer Support

Bitcoin Buyer does have customer support, but it is only for those who register. For non-registered users, there is a Contact Us page that doesn’t provide many answers.

For account holders, customer support facilities reportedly consist of live chat, email, and phone.

How to use Bitcoin Buyer?

Take the following steps to start using this Bitcoin-focused trading platform:

Step 1 – Create an Account on Bitcoin Buyer

Go to the official Bitcoin Buyer website first. Once there, enter your details to complete the registration process. While simple, it may involve talking to an account manager, according to some testimonials.

Step 2 – Deposit the Minimum Amount

The account manager will likely give you a link to deposit the minimum amount. Do so quickly to gain access to the trading platform.

Try to withdraw as soon as you deposit to test the withdrawal time.

Step 3 – Start Trading

Since the website claims to offer a controlled environment for you to trade in, see if there is a demo trading account available. Test the site if it is, and switch to live trading if the features available are suitable for you.

How to Delete a Bitcoin Buyer Account?

Bitcoin Buyer’s website is low on key details, so it is natural for it to not highlight how one can delete their account. Talk to the customer support team to know about it.

Have Celebrities Endorsed Bitcoin Buyer?

The trading software doesn’t claim any celebrity involvement in endorsing the website. Third-party reviews have also not made any claims.

Who is the Founder of Bitcoin Buyer?

The platform has told the story of its development on its About Us page. In that, it has highlighted that a group of tech investors have a hand in its development. It states that these “creative minds came together to give users a world-class trading site”. However, the website does not touch upon the names of these developers.

Latest Bitcoin News

Here is the latest Bitcoin news to know for the week ending on 3rd December 2023.

1. Data shows that over $1 billion worth of Bitcoin (37,000 BTC) has been withdrawn over the past week. It has led many to believe that $40k for BTC is on the way since these withdrawals could be a part of a long-term holding strategy.
2. Bitcoin has hit its yearly high of $38.7k in the last month of 2023. Microstrategy buying another 16,130 BTC could be the reason behind this momentum.

The Verdict

Bitcoin Buyer is a minimalistic website by all accounts. It doesn’t say much about its features and makes no large claims. All it states is that beginners will have an easier time trading on the platform.

However, due to key details missing, such as founder information and the trading methodology, we can’t say whether it is a scam or a legitimate trading platform. Investors are advised to cautiously use this website.

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

FAQs

What is Bitcoin Buyer?

The Bitcoin Buyer website portrays the platform as a beginner-friendly ecosystem providing a controlled environment for buyers to buy and sell cryptocurrency. It doesn’t make any large claims about its success rate, nor does it provide much information about its features.

Has Elon Musk endorsed Bitcoin Buyer?

Bitcoin Buyer has no notable traits that could grab celebrity interest – let alone the attention of Elon Musk – the Dogefather. It says nothing about the features it has, nor does it talk about its founder’s success rate. Even though multiple publications have still covered it, it is not enough to warrant the attention of Elon Musk.

The post Bitcoin Buyer Review – Scam or Legitimate Trading Platform? appeared first on Cryptonews.