Bitcoin Supreme Review – Is it Scam? – CFDs and Real Cryptos
Introduction
Cryptocurrency trading has become increasingly popular in recent years, and with the rise in demand, many trading platforms have emerged. One such platform is Bitcoin Supreme, which claims to offer its users the opportunity to trade CFDs and real cryptocurrencies. But is Bitcoin Supreme legitimate, or is it a scam? In this article, we will take a closer look at Bitcoin Supreme and its features, as well as discuss the benefits and risks of trading CFDs and real cryptocurrencies.
What is Bitcoin Supreme?
Bitcoin Supreme is an online trading platform that allows its users to trade CFDs and real cryptocurrencies. It was created by a team of experienced traders and software developers who aimed to develop a user-friendly platform that would appeal to both novice and experienced traders.
Features of Bitcoin Supreme
Bitcoin Supreme offers a variety of features, including:
- Automated trading: Bitcoin Supreme offers an automated trading feature that allows users to set their trading preferences and let the software do the rest.
- Advanced trading tools: Bitcoin Supreme offers a range of trading tools, including technical analysis tools, trading signals, and market news.
- User-friendly interface: Bitcoin Supreme's interface is designed to be user-friendly and easy to navigate.
- Secure trading: Bitcoin Supreme uses the latest security measures to protect its users' funds and personal information.
How Bitcoin Supreme works
Bitcoin Supreme works by connecting users to a broker who executes the trades on their behalf. Users can choose to trade CFDs or real cryptocurrencies, and they can set their trading preferences and strategies using the platform's advanced trading tools.
Advantages and disadvantages of Bitcoin Supreme
Advantages:
- User-friendly interface
- Automated trading feature
- Advanced trading tools
- Secure trading
Disadvantages: - Limited selection of cryptocurrencies
- No mobile app
Understanding CFDs
Before we dive deeper into Bitcoin Supreme, it's important to understand CFDs and the risks and benefits associated with trading them.
Explanation of CFDs
A CFD, or Contract for Difference, is a financial instrument that allows traders to speculate on the price movements of an underlying asset without actually owning the asset. In CFD trading, traders enter into a contract with a broker to exchange the difference in price of an asset from the time the contract is opened to the time it is closed.
Benefits of trading CFDs
- No ownership of the underlying asset required
- Ability to profit from both rising and falling markets
- High leverage available
Risks of trading CFDs
- High risk due to leverage
- Possible loss of entire investment
- Counterparty risk (the risk that the broker may default)
Trading Real Cryptos
Aside from trading CFDs, Bitcoin Supreme also allows users to trade real cryptocurrencies. Let's take a closer look at the benefits and risks of trading real cryptocurrencies.
Explanation of real cryptos
Real cryptocurrencies are digital currencies that use cryptography to secure and verify transactions and to control the creation of new units. Bitcoin, Ethereum, and Litecoin are examples of real cryptocurrencies.
Benefits of trading real cryptos
- Ownership of the underlying asset
- Potential for long-term growth
- Ability to use cryptocurrencies for transactions
Risks of trading real cryptos
- High volatility
- Possible loss of entire investment
- Possibility of hacking or theft
How to Use Bitcoin Supreme for Trading CFDs
Now that we have a better understanding of CFDs and their associated risks and benefits, let's discuss how to use Bitcoin Supreme for trading CFDs.
Creating an account on Bitcoin Supreme
To create an account on Bitcoin Supreme, follow these steps:
- Visit the Bitcoin Supreme website.
- Click on the "Register" button.
- Enter your personal information, such as your name, email address, and phone number.
- Verify your account by clicking on the link sent to your email address.
Funding your account
To fund your Bitcoin Supreme account, follow these steps:
- Log in to your account.
- Click on the "Deposit" button.
- Choose your preferred payment method and enter the amount you wish to deposit.
- Follow the instructions to complete the deposit.
Choosing a trading strategy
Before placing a trade, you must choose a trading strategy. Bitcoin Supreme offers a range of trading tools, including technical analysis tools and trading signals, to help you make informed trading decisions.
Placing a trade
To place a trade on Bitcoin Supreme, follow these steps:
- Log in to your account.
- Choose the asset you wish to trade.
- Set your trading preferences, such as your trade size and risk management settings.
- Click on the "Trade" button to execute the trade.
Managing your trades
Once you have placed a trade, you can manage it by setting stop-loss and take-profit orders to limit your potential losses and profits.
How to Use Bitcoin Supreme for Trading Real Cryptos
If you wish to trade real cryptocurrencies on Bitcoin Supreme, follow these steps:
Creating an account on a cryptocurrency exchange
To trade real cryptocurrencies, you must first create an account on a cryptocurrency exchange, such as Binance or Coinbase. Follow the exchange's instructions to create an account and verify your identity.
Funding your account
To fund your cryptocurrency exchange account, follow the exchange's instructions to deposit funds using your preferred payment method.
Transferring your cryptocurrency to Bitcoin Supreme
Once you have funded your cryptocurrency exchange account, you can transfer the cryptocurrency to your Bitcoin Supreme account. Follow these steps:
- Log in to your Bitcoin Supreme account.
- Click on the "Deposit" button.
- Choose the cryptocurrency you wish to deposit and copy the deposit address.
- Go to your cryptocurrency exchange account and initiate a withdrawal to the deposit address.
Choosing a trading strategy
Before placing a trade, you must choose a trading strategy. Bitcoin Supreme offers a range of trading tools, including technical analysis tools and trading signals, to help you make informed trading decisions.
Placing a trade
To place a trade on Bitcoin Supreme, follow the same steps as for trading CFDs.
Managing your trades
Once you have placed a trade, you can manage it by setting stop-loss and take-profit orders to limit your potential losses and profits.
Is Bitcoin Supreme a Scam?
The legitimacy of Bitcoin Supreme has been a topic of discussion in the cryptocurrency community. To determine whether Bitcoin Supreme is a scam or not, we conducted research and analysis, looked for red flags, and read reviews and feedback from users.
Researching the legitimacy of Bitcoin Supreme
We conducted research on Bitcoin Supreme and found that it is a registered company in Estonia, which gives it some legitimacy. However, we could not find any information on whether it is regulated by any financial authorities.
Red flags to look out for
We did not find any major red flags that would indicate that Bitcoin Supreme is a scam. However, users should be aware that trading CFDs and real cryptocurrencies carries a high risk, and they should only invest what they can afford to lose.
Reviews and feedback from users
We found mixed reviews and feedback from users of Bitcoin Supreme. Some users reported making significant profits, while others reported losing money. As with any trading platform, it's important to conduct your own research and exercise caution when investing.
Comparison with other trading platforms
Bitcoin Supreme is not the only trading platform that offers the ability to trade CFDs and real cryptocurrencies. Other popular platforms include eToro, Plus500, and Coinbase Pro. Users should compare the features, fees, and reputation of each platform before choosing one to use.
Tips for Successful Trading on Bitcoin Supreme
Regardless of which platform you choose to use, there are some general tips for successful trading that you should keep in mind:
Research and analysis
Before placing a trade, conduct thorough research and analysis to determine the potential risks and rewards.
Risk management techniques
Use risk management techniques, such as setting stop-loss and take-profit orders, to limit your potential losses and profits.
Following trading signals
Pay attention to trading signals and market news to help inform your trading decisions.
Patience and discipline
Be patient and disciplined, and avoid making impulsive decisions based on emotions.
Conclusion
Bitcoin Supreme is an online trading platform that allows its users to trade CFDs and real cryptocurrencies. While there are benefits and risks associated with trading on the platform, it appears to be a legitimate option for those interested in cryptocurrency trading. As with any investment, it's important to conduct your own research and exercise caution.
FAQ
- What is Bitcoin Supreme?
Bitcoin Supreme is an online trading platform that allows its users to trade CFDs and real cryptocurrencies. - Is Bitcoin Supreme safe?
Bitcoin Supreme uses the latest security measures to protect its users' funds and personal information. However, trading CFDs and real cryptocurrencies carries a high risk. - Can I trade both CFDs and real cryptos on Bitcoin Supreme?
Yes, Bitcoin Supreme allows its users to trade both CFDs and real cryptocurrencies. - How do I create an account on Bitcoin Supreme?
To create an account on Bitcoin Supreme, visit the website and follow the registration process. - How much do I need to invest to start trading on Bitcoin Supreme?
The minimum deposit amount on Bitcoin Supreme is $250. - Is Bitcoin Supreme regulated?
We could not find any information on whether Bitcoin Supreme is regulated by any financial authorities. - How can I withdraw my profits from Bitcoin Supreme?
To withdraw your profits from Bitcoin Supreme, log in to your account and initiate a withdrawal request. - Can I use Bitcoin Supreme on my mobile device?
Bitcoin Supreme does not currently have a mobile app,