With most of their efforts focused on Bitcoin, there’s little wonder about this platform’s name, but is that all there is to it? The newness of the company makes much about it speculative, but this piece is here to guide you as far as the facts are concerned.
Pros & Cons
- Quick and easy registration process
- Easy to use interface
- No broker commissions or similar fees
- Compatible with most device browsers
- Limited altcoin options
- No mobile app
- Lack of important information on the website
Bitcoin Era is an algorithm built for crypto traders, especially Bitcoin enthusiasts, to help automate their trading activities. In simple words, it’s basically a robot that buys and sells cryptocurrencies on your behalf as a trader. Those who have tried it out can testify that the algorithm is quite accurate and helped them make a lot of profit from crypto trading.Despite the reported accuracy, many are quite skeptical about Bitcoin Era. Who can blame them? The website is plain and offers very little information about important things like the names of its creators or developers, security measures, and so on. No matter how great the platform might seem to work right now, this lack of data can become a serious issue in the nearest future. People’s fears are more justified by the fact that it's a platform dealing with funds and the smallest problems can lead to people being stripped of their assets. Ironically, a lot of people hopped on the Bitcoin Era train when it first showed up because it came with free sign up options and promises of amazing features.
Currencies and payment methods
Bitcoin Era doesn't support a lot of cryptocurrencies. This isn't surprising, as the cryptocurrency at the forefront for Bitcoin Era is Bitcoin. It's even in the name. Asides Bitcoin, the other cryptocurrencies Bitcoin Era accepts are:
- Ethereum (ETH)
- Litecoin (LTC)
- Ripple (XRP)
- EOS (EOS)
- Dash (DASH)
- IOTA (MIOTA)
Lately, a crypto trading day isn't complete until fiat currency comes into play. Bitcoin Era taps into this knowledge and makes crypto to fiat and vice versa trading possible. The two main fiat currencies offered by Bitcoin Era are USD and EUR, so a fiat-crypto transaction would be BTC to USD or USD to BTC. The payment can be done through MasterCard, Visa, Neteller, Webmoney, and bank transfer.
Limits & liquidity
Bitcoin Era deposit limits are given in USD.
Bitcoin Era’s Stop Loss limit is a feature that's worthy of note. The feature exists to help traders limit the capital that the bot has access to. The bot can automatically begin and complete transactions with your funds, so in order for you to regulate just how much it can use, the Stop Loss limit exists. In essence, the limit depends on the trader.Fees
Bitcoin Era claims to have no hidden charges for any of their transactions. They don't charge commissions for brokers. The Bitcoin Era bot is designed to maximize profits and the fact that there are technically no fees could be just another way it was designed to do that.
It’s considered safe to trust the existing user reviews saying there are no hidden fees.
Withdrawal/deposit fees and withdrawal times
The website gives no information on withdrawal limits. However, it mentioned it might take up to 36 hours before withdrawn funds will reflect in your bank account.
Bitcoin Era gives little to no information about security on their website. The website says nothing about owners and developers which makes many people scared of trading with it. It’s the ultimate security flaw that has caused certain people to call the entire thing a scam.
There’s a disclaimer at the bottom of the homepage of the website. They explain how trading in cryptocurrency isn't always set in stone and it’s majorly a risk that many have been willing to take.
Verifying your account on Bitcoin Era is easy and safe, as you come across the verification form as soon as you sign up and it’s protected by multiple online levels and official collaborations with security organizations.
Joining Bitcoin Era
Bitcoin Era has a very straightforward process for signing up. Just click on the ’sign up’ button and provide your name, email address, password, and country of residence. It’s really easy to join and that’s one of its users’ favorite things about it. Verifying your account comes after, and this is also an easy process. You have to verify your phone number by entering the code sent to your phone on a specific page of the site and provide your ID copies so the platform officials can accredit your account. However, the ID verification might take up to several days depending on the number of received applications.
Once you sign up, you can deposit funds ($250 minimum) to be used for trading. Your trading could be done automatically with all your funds, or you could make use of the Stop Loss limit. This allows you to regulate just how much the bot can use for the profit-making process.
Bitcoin Era algorithm is statistical, so, with the historical data collected, it can make comparisons and apply them to the current market. This gives traders the most prudent automated transactions for the most profit. Thanks to the algorithm’s calculations of optimum entry and exit points for said transactions. Bitcoin Era is also designed to accommodate traders who can't put all their trust in AI. They get manual trading opportunities that include inputting your own parameters. The traders choose their own cryptocurrency, amount, and the trading strategy as a whole.
Since Bitcoin Era is new and still seen as a huge risk, you might want to go for some of the more popular exchange platforms such as Binance or Coinbase. These platforms have been around for quite a while and have stolen the hearts of users worldwide. You can barely go wrong with those options.
However, if you’re somewhat a risk taker and the idea of automated trading and profit is more important to you than the risks, then Bitcoin Era might be just the platform for you.
Bitcoin Era is obviously still new in the game and it’s plausible its shortcomings are the result of the bot’s novelty. In this case, you can hope things will get better. And it will get clearer as time goes on and more people would be easier convinced to trust in the power of automated crypto trading. Until then, Bitcoin Era is still a risk even with its very appealing process. If you're a risk-taker, start trading with Bitcoin Era now.