Bitcoin Equaliser Review – Is it Scam? – CFDs and Real Cryptos

Introduction

In recent years, cryptocurrencies have gained significant popularity as a digital asset class. Bitcoin, the first decentralized cryptocurrency, paved the way for the creation of numerous other cryptocurrencies. As a result, the cryptocurrency market has witnessed substantial growth, attracting both seasoned traders and newcomers alike.

As the cryptocurrency market continues to expand, so does the number of trading platforms and software available to investors. Bitcoin Equaliser is one such platform that claims to offer a user-friendly and profitable trading experience. However, with the rise of fraudulent schemes and scams in the cryptocurrency industry, it is crucial to thoroughly research and understand the legitimacy of trading platforms before investing your hard-earned money.

This article aims to provide an in-depth review of Bitcoin Equaliser, examining its legitimacy and functionality. We will also explore the concept of Contract for Difference (CFD) trading and compare it with trading real cryptocurrencies. By the end of this article, you will have a comprehensive understanding of Bitcoin Equaliser and the factors to consider when choosing a trading platform.

How Does Bitcoin Equaliser Work?

Bitcoin Equaliser is a trading platform that utilizes a trading algorithm to execute trades on behalf of its users. The platform specializes in Contract for Difference (CFD) trading, which allows traders to speculate on the price movements of various financial instruments, including cryptocurrencies, without owning the underlying asset.

Explanation of the concept of CFD trading

CFD trading involves entering into a contract with a broker to exchange the difference in the price of an asset between the opening and closing of the contract. In simple terms, traders speculate on whether the price of an asset will rise or fall, without actually owning the asset.

When trading CFDs, traders are not required to purchase the underlying asset. Instead, they enter into a contract with the broker, who pays the difference in price between the opening and closing of the contract. This allows traders to profit from both rising and falling markets.

Overview of Bitcoin Equaliser's trading algorithm

Bitcoin Equaliser claims to have a sophisticated trading algorithm that analyzes market data and executes trades based on predetermined parameters. The algorithm is designed to identify potentially profitable trading opportunities by analyzing market trends, patterns, and indicators.

The trading algorithm used by Bitcoin Equaliser is said to have a high accuracy rate, enabling traders to capitalize on market movements and generate consistent profits. The platform claims that even individuals with no prior trading experience can achieve success using their software.

Step-by-step guide on how to use the platform

  1. Account Creation: To start using Bitcoin Equaliser, you need to create an account on their website. The registration process involves providing basic personal information and agreeing to the terms and conditions.

  2. Deposit Funds: Once your account is created, you will need to deposit funds into your trading account. Bitcoin Equaliser accepts various payment methods, including credit/debit cards, bank transfers, and cryptocurrencies.

  3. Set Trading Parameters: After funding your account, you can customize your trading parameters, such as the amount you want to invest per trade, the risk level, and the cryptocurrencies you want to trade.

  1. Activate Auto-Trading: Bitcoin Equaliser offers an auto-trading feature that allows the platform's algorithm to execute trades on your behalf. Once activated, the software will monitor the market and execute trades based on the parameters you have set.

  2. Monitor and Withdraw Profits: As the software executes trades, you can monitor your account's performance in real-time. If you wish to withdraw your profits, you can do so by requesting a withdrawal through the platform.

Is Bitcoin Equaliser Legit?

The legitimacy of Bitcoin Equaliser is a crucial factor to consider before investing your money in the platform. There have been numerous scams and fraudulent schemes in the cryptocurrency industry, making it essential to thoroughly research and understand the legitimacy of any trading platform.

Discussion on the legitimacy of Bitcoin Equaliser

Bitcoin Equaliser claims to be a legitimate trading platform that offers users the opportunity to profit from the cryptocurrency market. However, it is important to approach such claims with caution and conduct proper due diligence.

Analysis of user reviews and experiences

User reviews and experiences can provide valuable insights into the legitimacy and functionality of a trading platform. While positive reviews can indicate a platform's credibility, it is essential to consider the overall sentiment and look for any red flags.

Comparison with other reputable trading platforms

Comparing Bitcoin Equaliser with other reputable trading platforms can also help determine its legitimacy. Reputable platforms are often regulated, have a track record of successful trades, and provide transparent information about their services.

Understanding CFDs

To evaluate Bitcoin Equaliser effectively, it is crucial to understand the concept of Contract for Difference (CFD) trading and its pros and cons.

Introduction to Contract for Difference (CFD) trading

CFD trading allows traders to speculate on the price movements of various financial instruments, such as stocks, commodities, and cryptocurrencies, without owning the underlying asset. Traders enter into a contract with a broker to exchange the difference in the price of the asset between the opening and closing of the contract.

Explanation of how CFDs work

When trading CFDs, traders can go long (buy) or go short (sell) on an asset. If a trader believes the price of an asset will rise, they will go long, and if they believe the price will fall, they will go short.

Traders are not required to purchase the underlying asset when trading CFDs. Instead, they only need to deposit a percentage of the total trade value, known as the margin. This allows traders to control larger positions with a smaller investment, known as leverage.

Pros and cons of trading CFDs

Trading CFDs offers several advantages, including:

  • Access to a wide range of financial instruments, including cryptocurrencies
  • Ability to profit from both rising and falling markets
  • Leveraged trading, allowing traders to control larger positions with a smaller investment
  • Flexibility to enter and exit trades quickly

However, there are also some risks associated with trading CFDs, such as:

  • Market volatility: CFDs are highly leveraged financial instruments, making them susceptible to market volatility. Sudden price fluctuations can result in significant gains or losses.
  • Counterparty risk: When trading CFDs, traders enter into a contract with a broker. There is a risk of the broker defaulting on their obligations, which can result in financial losses for the trader.
  • Lack of ownership: Unlike trading real cryptocurrencies, trading CFDs does not provide ownership of the underlying asset. Traders are only speculating on the price movements of the asset.

Real Cryptos vs CFDs

When considering Bitcoin Equaliser, it is essential to compare trading real cryptocurrencies with trading CFDs and understand the advantages and disadvantages of each approach.

Comparison between trading real cryptocurrencies and CFDs

Trading real cryptocurrencies involves buying and selling actual digital assets on a cryptocurrency exchange. Traders own the cryptocurrencies and can transfer them to their personal wallets.

On the other hand, trading CFDs allows traders to speculate on the price movements of cryptocurrencies without owning the underlying asset. Traders enter into a contract with a broker and profit from the price difference between the opening and closing of the contract.

Advantages and disadvantages of each approach

Trading real cryptocurrencies offers the following advantages:

  • Ownership: Trading real cryptocurrencies provides ownership of the underlying asset, allowing traders to transfer and store them in personal wallets.
  • Market participation: Trading real cryptocurrencies allows traders to participate directly in the cryptocurrency market, contributing to its liquidity and growth.
  • Long-term investment: Holding real cryptocurrencies can be a long-term investment strategy, allowing traders to benefit from potential price appreciation.

However, trading real cryptocurrencies also has some disadvantages:

  • Market volatility: The cryptocurrency market is known for its high volatility, which can result in significant price fluctuations and potential losses for traders.
  • Technical expertise: Trading real cryptocurrencies requires a certain level of technical expertise, including the ability to set up and manage cryptocurrency wallets, navigate exchanges, and understand blockchain technology.

Trading CFDs also offer advantages, including:

  • Access to leverage: Trading CFDs allows traders to control larger positions with a smaller investment, thanks to leverage. This can amplify potential profits.
  • Ability to profit from both rising and falling markets: CFDs enable traders to profit from both rising and falling markets by going long or short on an asset.
  • Simplicity: Trading CFDs can be more straightforward than trading real cryptocurrencies, as traders do not need to deal with the technical aspects of owning and storing digital assets.

However, trading CFDs also has some disadvantages:

  • Counterparty risk: CFD trading involves entering into a contract with a broker. There is a risk of the broker defaulting on their obligations, which can result in financial losses for the trader.
  • Lack of ownership: Trading CFDs does not provide ownership of the underlying asset. Traders are only speculating on the price movements of the asset.

Factors to consider when choosing between the two

When choosing between trading real cryptocurrencies and CFDs, several factors should be considered, including:

  • Risk tolerance: Trading real cryptocurrencies can be more volatile and risky compared to trading CFDs. Traders with a higher risk tolerance may prefer trading real cryptocurrencies, while those seeking lower risk may opt for CFDs.
  • Technical expertise: Trading real cryptocurrencies requires a certain level of technical expertise, including setting up and managing cryptocurrency wallets. Traders with limited technical knowledge may find CFD trading more accessible.
  • Investment goals: Traders should consider their investment goals when choosing between real cryptocurrencies and CFDs. If the goal is long-term investment and ownership of cryptocurrencies, trading real cryptocurrencies may be more suitable. However, if the goal is short-term trading and