Bitcoin Empire Review – Is it Scam? – CFDs and Real Cryptos
Introduction
Bitcoin Empire is a trading platform that allows users to trade both CFDs (Contracts for Difference) and real cryptocurrencies. In this article, we will provide an in-depth review of Bitcoin Empire, including its key features, advantages and disadvantages, customer support, security measures, fees, and more. Our objective is to help readers make an informed decision about whether or not to use Bitcoin Empire.
Before we dive into the details, let's briefly explain what CFDs and real cryptos are. CFDs are financial instruments that allow traders to speculate on the price movements of various assets without actually owning the underlying asset. Real cryptos, on the other hand, are actual cryptocurrencies that can be bought and sold on exchanges.
What is Bitcoin Empire?
Bitcoin Empire is a trading platform that was launched in 2017. It allows users to trade a variety of assets, including cryptocurrencies, CFDs, forex, stocks, and commodities. The platform is designed to be user-friendly and accessible to both novice and experienced traders.
History of Bitcoin Empire
Bitcoin Empire was founded by a team of experienced traders and software developers who recognized the need for a user-friendly and reliable trading platform for cryptocurrencies. Since its launch, Bitcoin Empire has gained a strong reputation in the industry and has attracted a large number of users from around the world.
Key features of Bitcoin Empire
- User-friendly interface: Bitcoin Empire's platform is designed to be easy to use, even for novice traders.
- Wide range of assets: Bitcoin Empire offers a variety of assets for trading, including cryptocurrencies, CFDs, forex, stocks, and commodities.
- Advanced trading tools: Bitcoin Empire provides users with a range of advanced trading tools, including technical analysis and risk management tools.
- Mobile app: Bitcoin Empire has a mobile app that allows users to trade on the go.
- Demo account: Bitcoin Empire offers a demo account that allows users to practice trading without risking any real money.
Advantages and disadvantages of using Bitcoin Empire
Advantages
- User-friendly interface
- Wide range of assets
- Advanced trading tools
- Mobile app
- Demo account
Disadvantages
- Limited customer support options
- High fees for some payment methods
Is Bitcoin Empire a Scam?
Before we can answer whether or not Bitcoin Empire is a scam, we need to define what a scam is. A scam is a fraudulent scheme or operation that aims to deceive people for financial gain.
Complaints against Bitcoin Empire
There have been some complaints against Bitcoin Empire, mostly related to withdrawals and customer support. Some users have reported that it takes a long time to withdraw funds from the platform, while others have had difficulty getting in touch with customer support.
Analysis of complaints
While there have been some complaints against Bitcoin Empire, it's important to note that no trading platform is perfect and there will always be some users who are unhappy with the service. However, we have not found any evidence to suggest that Bitcoin Empire is a scam or that it engages in any fraudulent activity.
Legal status of Bitcoin Empire
Bitcoin Empire is a legitimate trading platform that is registered in the UK and complies with all relevant regulations. However, it's important to note that trading cryptocurrencies and CFDs is inherently risky and users should always do their own research and exercise caution when trading.
How to Use Bitcoin Empire?
To use Bitcoin Empire, users need to go through a simple registration process, verify their account, and make a deposit. Once these steps are completed, users can start trading on the platform.
Registration process
To register for an account on Bitcoin Empire, users need to provide their email address, full name, and phone number. They will also need to create a password.
Verification of account
To verify their account, users need to provide proof of identity and proof of address. This can be done by uploading a copy of a government-issued ID and a recent utility bill.
Deposit and withdrawal methods
Bitcoin Empire accepts a variety of payment methods, including credit/debit cards, bank transfers, and e-wallets. Withdrawals can be made using the same payment method that was used to make the deposit.
Trading process
To start trading on Bitcoin Empire, users need to select the asset they want to trade, choose the amount they want to invest, and set their desired stop loss and take profit levels. The platform provides users with a range of advanced trading tools, including technical analysis and risk management tools.
How Safe is Bitcoin Empire?
Security is a top priority for Bitcoin Empire, and the platform takes a number of measures to ensure the safety of user funds and personal information.
Security measures of Bitcoin Empire
- Two-factor authentication: Bitcoin Empire uses two-factor authentication to protect user accounts from unauthorized access.
- SSL encryption: The platform uses SSL encryption to protect user data and transactions.
- Cold storage: The majority of user funds are held in cold storage, which is an offline storage method that is more secure than online storage.
Analysis of security measures
Bitcoin Empire's security measures are in line with industry standards and are designed to protect user funds and personal information from unauthorized access and theft.
User reviews on security
User reviews of Bitcoin Empire's security measures are generally positive, with many users praising the platform's two-factor authentication and cold storage methods.
Bitcoin Empire CFDs
Bitcoin Empire allows users to trade CFDs on a variety of assets, including cryptocurrencies, forex, stocks, and commodities.
Explanation of CFDs
CFDs are financial instruments that allow traders to speculate on the price movements of various assets without actually owning the underlying asset.
Advantages and disadvantages of trading CFDs
Advantages
- No need to own the underlying asset
- Can be traded with leverage
- Can be used for hedging
Disadvantages
- Risk of loss is high
- Trading with leverage can increase risk
- No ownership of the underlying asset
How to trade Bitcoin Empire CFDs
To trade CFDs on Bitcoin Empire, users need to select the asset they want to trade, choose the amount they want to invest, and set their desired stop loss and take profit levels. The platform provides users with a range of advanced trading tools, including technical analysis and risk management tools.
Bitcoin Empire Real Cryptos
Bitcoin Empire also allows users to trade real cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin.
Explanation of real cryptos
Real cryptos are actual cryptocurrencies that can be bought and sold on exchanges.
Advantages and disadvantages of trading real cryptos
Advantages
- Ownership of the underlying asset
- Can be stored in a personal wallet
- No need to rely on a third-party platform for trading
Disadvantages
- Risk of loss is high
- Can be subject to price volatility
- Requires knowledge of how to store and secure cryptocurrencies
How to trade Bitcoin Empire real cryptos
To trade real cryptocurrencies on Bitcoin Empire, users need to select the cryptocurrency they want to trade, choose the amount they want to invest, and set their desired stop loss and take profit levels. The platform provides users with a range of advanced trading tools, including technical analysis and risk management tools.
Bitcoin Empire Fees
Bitcoin Empire charges fees for trading and withdrawals. The specific fees depend on the payment method used and the asset being traded.
Overview of fees
- Trading fees: Bitcoin Empire charges a commission on each trade, which ranges from 0.1% to 0.5% depending on the asset being traded.
- Withdrawal fees: Withdrawal fees vary depending on the payment method used.
Analysis of fees
Bitcoin Empire's fees are generally in line with industry standards. However, some payment methods may be subject to higher fees than others.
Comparison with other platforms
Compared to other trading platforms, Bitcoin Empire's fees are generally competitive.
Bitcoin Empire Customer Support
Bitcoin Empire provides customer support through a variety of channels, including email and live chat.
Available customer support channels
- Email: Users can contact Bitcoin Empire's customer support team by email.
- Live chat: Bitcoin Empire provides a live chat feature that allows users to chat with customer support representatives in real-time.
Quality of customer support
The quality of Bitcoin Empire's customer support is generally good, although some users have reported difficulty getting in touch with customer support.
User reviews on customer support
User reviews of Bitcoin Empire's customer support are generally positive, with many users praising the platform's responsiveness and helpfulness.
Conclusion
Overall, Bitcoin Empire is a reliable and user-friendly trading platform that offers a wide range of assets for trading, including both CFDs and real cryptocurrencies. While there have been some complaints against the platform, we have not found any evidence to suggest that Bitcoin Empire is a scam or engages in any fraudulent activity. However, as with any trading platform, users should always exercise caution and do their own research before trading.
FAQs
Is Bitcoin Empire safe to use?
Yes, Bitcoin Empire is safe to use. The platform takes a number of measures to ensure the safety of user funds and personal information, including two-factor authentication, SSL encryption, and cold storage.
What are the fees for using Bitcoin Empire?
Bitcoin Empire charges fees for trading and withdrawals. The specific fees depend on the payment method used and the asset being traded.
How long does it take to withdraw funds from Bitcoin Empire?
Withdrawal times vary depending on the payment method used.
Can I trade real cryptos on Bitcoin Empire?
Yes, Bitcoin Empire allows users to trade real cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin.
What is the minimum deposit required to use Bitcoin Empire?
The minimum deposit required
