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$30B
Digital Currency Exchanged

10M+
Active Traders

195
Countries Supported
The platform Is Designed to Help Both Beginners and Trading Veterans
There have been a handful of unbelievably impactful inventions during the course of human history. You have fire, bread, dynamite, electricity, the airplane, the telephone, and of course, the internet. And as some experts now believe, Bitcoin is going to make it onto that list sometime down the road.
It’s a new technology that is actively shaping the financial world around it. Every day more and more people are researching it, and more professionals are accepting it as a legit phenomenon. It’s not just a tool for you to use in trading; it’s possibly a representation of the best possible financial future for mankind. It puts the power of finances back in the hands of the people rather than the hands of banks and governments.
You manage your own money, and it goes through your own system. No prying eyes to decide whether or not you should be allowed to keep your money. This anonymity is one of the biggest advantages, which is why BitTrader was designed to bring it to as many people as possible.
Philosophy aside, though, you need to understand Bitcoin in order to take advantage of it. You’ll find a series of questions and answers to help you wrap your head around the basic concept a little bit further down the page.


BitTrader’s Features
But first things first, below is an overview of what can BitTrader offer traders.
BitTrader is equipped with a user interface that might help you make smarter trading decisions as you learn to analyze market swings, trading patterns, and the larger economic landscape. It was built from the ground up to serve a specific purpose. There are no copy-paste formulas with BitTrader.
Bit Trader is Accessible to Beginners
The team at BitTrader wants to help as many people as possible get their hands on Bitcoin. To that end, they’ve removed as many barriers to entry as possible.
The platform’s user interface has been carefully crafted to make sure it’s clean and easy to use. The team’s trying to avoid overloading you with information, so only expect to see the essentials on your dashboard.
The team has also removed any financial barriers, too. BitTrader doesn’t charge any signup, transaction, or withdrawal fees whatsoever or any other kind of hidden costs. The only time you’ll be asked to pay is when you deposit $250, the minimum amount required for your initial live trades, and if your account manager decides to charge a small fee for their services.
The founding team’s goal is to make the platform as accessible as possible. That’s why they do everything they can to enable you to make your trading journey smoother and hassle-free.
FAQs
The Two Types of Bitcoin Wallets
The first type of wallet you need to learn about is hot wallets. These are much more common in the world of Bitcoin, primarily because it’s the better of the two for day-to-day transactions. What separates hot wallets from alternative cold wallets has to do with internet connectivity. Hot wallets are always connected to the internet. You cannot access your Bitcoin in the wallet without a connection.
This constant connectivity makes moving money through the wallet a breeze, hence why most traders use them. Cold wallets, on the other hand, are never connected to the internet. If you want to move coins onto or off the wallet, you need to do so manually by plugging it into a computer.
There is only one reason for someone to use a cold wallet, but it’s an important one. Security. The higher-end of Bitcoin traders invest tens of millions of dollars into it. This is, needless to say, a lot of money. No sane person wants to take any kind of risk with that figure, and the safest way to minimize risk is to take the internet out of the equation. As well as that, though, this gives traders the option of sticking their wallet in a safety deposit box and leaving it there for a few years.
Generally speaking, According to some experts, Bitcoin is expected to maintain a steady rise in value in the next few years. How much it’s worth in 2030 is not how much it’s worth today. The educated guess by those experts is that it’s going to be worth a lot more. Some people tend to pick Bitcoin trading up as an everyday hobby. Some even replace Bitcoin trading with watching the news every morning. Again, pulling themselves from the system and into their own hands.


How To Access Your Bitcoin Wallet?
There are a handful of methods used to gain access to your Bitcoin wallet. Some apps on your phone, for example, are just going to ask for a username and password. The vast majority of wallets, though, require something called a key.
Your key is a long string of letters and numbers that is completely unique. You better believe that you’re not going to be able to memorize this number, so write it down more than once.
There is more Bitcoin lost every year as a result of forgotten keys than anything else. Again, let’s swing back around to the decentralized point. There is no customer support for you to call when you forget your key. You’re completely on your own.
Thus, ensure that you keep several copies of your key backed up, although each one is kept in a safe location. Maintain at least one physical copy and one digital copy on something that isn’t connected to the internet. The notes app on your phone does the job perfectly fine.
Do You Have to Buy One Full Bitcoin?
One unit of Bitcoin can cost you upwards of $20,000. That’s the kind of barrier to entry that would have killed Bitcoin dead in its tracks. Luckily, you are able to buy decimal points, similar to cents, rather than a single full unit.
Rather than having to spend more than $20,000 every time you want to trade Bitcoin, you can go all the way down to $50 or even lower if you want.


Has Bitcoin Ever Been Hacked?
The digital-only aspect of Bitcoin tends to make a lot of people nervous, particularly when it comes to security. That kind of caution is a positive trait, so hold onto it.
To answer the question literally, no. Bitcoin has never been hacked. However, certain institutions surrounding Bitcoin have.
Most notably, there have been a handful of breaches related to Bitcoin exchange platforms. These operate like Forex markets and allow you to buy or sell Cryptocurrency. Some traders leave their Bitcoin on these sites, thinking it’s safe. It’s not.
The security levels of sites like this are completely blown out of the water when put up against the security of Bitcoin wallets, and there have been a few practical examples. When hacks like this do occur, only one thing tends to happen. Anyone that left Bitcoin on their profiles had it drained.
You can keep your Bitcoin in a wallet at all times. Also, you should avoid leaving your wallet unattended for long periods. Sometimes trades change, and it may affect your trading strategy. You need to be skeptical of everyone in the world of Cryptocurrency. Obviously, don’t be such a skeptic that you never do anything, but don’t dive in headfirst.
Is Bitcoin Traded Like a Commodity or the Forex?
Bitcoin is a currency. That’s about the only similarity between it and the Forex, though. For all of your purposes, treat Bitcoin like it’s a commodity. You can be investing in it with the intent of trading if prices go up down the line.
It’s not as nuanced as Forex trading, and the swings that Bitcoin takes in value are much more dramatic. It’s also a finite resource, more similar to gold than the dollar. Given that gold used to be used as a form of currency, that comparison is pretty accurate.
Now, don’t let the currency aspect fool you. Gold and silver were in that spot back in the day. Treat it like a commodity when you trade.


What Happened in 2017?
2017 is a year that gets tossed around a lot in the Bitcoin trading circle. That’s because it’s the year that Bitcoin really blew up. Bitcoin has actually been around for much longer than most people realize. Prior to 2017, though, it was only worth a few dollars a unit.
In 2017, major investors started taking notice and putting their money into it. This caught the attention of other investors, which caught the attention of the media, which caught the attention of other investors. You see where this is going.
Eventually, everyone was in Bitcoin, with more and more people hopping on it each day. This created a bubble. Anyone with a basic understanding of economics is going to tell you that every bubble eventually bursts. That’s exactly what happened with Bitcoin.
It plummeted overnight, losing a large proportion of its value. It wasn’t something that came out of nowhere, though. The signs that the bubble was about to crash were abundantly clear for weeks before the event actually happened.