BitQH Review – Scam or Legit?

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BitQH is a crypto trading software tool that claims to help traders get into the “trading community and get help from a personal crypto trading account manager“. Focusing on both autonomous and manual trading, BitQH claims to provide a high win rate to traders of all levels of experience trading cryptocurrency.

But are these claims true and does BitQH work as described? These questions are the subject of this 2024 BitQH review.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

What is BitQH?

BitQH portrays itself as a unique cryptocurrency trading platform that focuses on both the community-aspect, as well as reportedly offering an autonomous trading system.

That means in addition to giving users access to a trading community to network with other investors, BitQH also promises to provide users with a Bitcoin robot that will invest in cryptocurrencies on their behalf.

Users going to this site will first encounter a unique home page that has the Bitcoin live price chart attached to it, much like similar platform Bitcoin Apex. Accessing this account requires signup. The sign-up process is simple, with only name, email, and phone number being required. Access to the features, however, requires a deposit of $250.

Once users log in, BitQH claims that they will get access to advanced trading tools, allowing them to buy and sell top digital assets like Bitcoin, Dogecoin, Ethereum, Litecoin, XRP, and Cardano. While the actual number of supported assets isn’t listed, these were mentioned. So, it is possible that these are the only assets that the platform supports at the time of writing.

That said, the BitQH site claims that it only requires the lowest fee to operate. Also, in addition to standard trading tools, the site reports that users will also get access to a BitQH trial account, which will allow them to test the features of the platform before using real trade. The platform also states that there is customer support available 24 hours a day and in multiple languages.

While these features are enticing, there is no proof to substantiate any of them. The demo account is only accessible to those who sign up, which means only those who have deposited $250 can use it. The same goes for customer support. Therefore, we recommend doing your own research and investing only what you can afford to lose.

BitQH Pros and Cons

Listed below are some of the pros and cons we found as we assessed the advertisement copy of the website.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

How does BitQH work?

While the platform hasn’t been clear on how BitQH works, some reviews have stated that it is an algorithmic trading platform that features advanced tools that make trades on the user’s behalf.

According to the platform, the trading system looks for the best investment opportunities in a volatile cryptocurrency market. It reportedly looks for intra-day lows to make a buy, and when the same assets hit an intra-day high, it sells. This rapid investment mechanism can likely generate profits for people who don’t have any technical knowledge of crypto trades.

However, there is not much information about how well this feature is able to perform. While the site’s FAQ section reports that there is a regular level of profitability of up to 80%, there is no proof to verify these claims.

Furthermore, the trading only commences after a user makes the deposit and turns on the system. That said, BitQH does say that users can customize the settings before turning on the crypto trading bot.

The other mode that investors can possibly use on BitQH is the manual trading mode. In this mode, BitQH claims to provide an automated projection system that gives users an idea of where an asset’s price might go before they start trading.

Another major element of BitQH is supposedly a crypto trading account manager. This adds a human element to trading – for those who want to trade slowly and after research. That said, the exact qualification of these traders is not known.

Due to these factors, while we can’t hint at how BitQH might work, we can’t give any guarantees about its performance. Investors must check out third-party reviews as well before making any investment decisions.

BitQH Features

Listed below are the features that the BitQH website claims to support:

Demo Trading Account

A demo trading account helps with assessing the quality of a platform before using it for real trades. BitQH claims to offer it. According to the official website, users who sign up are first given a “trial account” that showcases the platform’s maximum capacity. That way, they may be able to get acquainted with buying and selling Bitcoin before using real money. While that approach would be helpful to novice traders, our experts weren’t able to access it.

Trade Monitoring

BitQH claims to hold the list of all active trades and uses them to check out the historical data of an asset’s performance. That seemingly allows this automated trading platform to learn from an asset’s performance and forecast its price. The platform also states that these systems are taught based on how a customer conducts their crypto trade.

Low Trading Fee

According to the website, all trading activities come with a low trading fee. The site says that users need only pay the lowest fee in order to withdraw, deposit, or transact. And since most platforms have a zero-fee approach, we believe that’s the direction BitQH might be going with here as well.

Customer Support

According to BitQH, users can access the customer support team any time they want, and they are available in multiple languages. BitQH states that this approach allows it to be agile when it comes to providing services to customers. The team is apparently accessible through all devices.

Support for Multiple Cryptocurrencies

While the primary focus of BitQH is on Bitcoin, we could find support for other top assets, like Dogecoin, Ethereum, Litecoin, Bitcoin Cash, Cardano, and Ripple, here as well. Multiple-asset support allows users to diversify their holdings – and offset their losses with the gains of another.

BitQH Account Fees

BitQH states that they have taken a low-fee approach when it comes to charging their users. And since the exact number isn’t given, and similar platforms have a zero-fee approach. It is likely that services available on BitQH charge nothing to customers. However, the site does say that investors must contact their account managers for fee details.

For now, we recommend you consider the following fee structure to be apt for BitQH.

BitQH Minimum Deposit

While the platform claims that accessing any of the features available on the platform is free of cost, a minimum deposit is necessary. Apparently, that starting capital is what the trading systems on this platform will use in order to conduct trades for you. And like most platforms, BitQH also asks for a $250 deposit.

BitQH Compatible Devices

Our reviewers checked out the official website through multiple devices and came up to the conclusion that as far as the official advert copy of BitQH is concerned, it is visible across these devices.

1. Desktop
2. Laptop
3. Tablets
4. Apple and Android Phones

While some reviews mention a ‘BitQH app’, this appears to be a reference to its website being mobile compatible, rather than the existing of a BitQH mobile app on the App Store or Google Play – which is not yet available.

Is BitQH a Scam?

When it comes to content, BitQH has filled its pages with it. But most of these words only summarize how powerful the platform can be and what one can expect while trading. The actual nature of the platform and whether or not it works isn’t the information available here.

The same goes for customer testimonials. While the home page itself has many of them, we are not sure that one must trust them since many of them sound the same. That said, there are many third-party reviews that have written favorably about this platform. But even those sites don’t have much information when it comes to the features available on this BitQH.

That said, the site’s reviews on Trustpilot are lukewarm. There are five reviews in total, and the platform has a cumulative rating of 3.4 out of five. As we went through these reviews, we found that people are either vehemently against it or have nothing but good things to say about it.

The lack of a balanced perspective doesn’t allow us to make a final decision about BitQH’s legitimacy. The best recommendation we can give is to invest only a minimum when starting and don’t expect guaranteed returns.

Even if the platform works, most independent crypto trading platforms are unregulated. The cryptocurrency ecosystem is also volatile and all trading carries risk. So invest wisely.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

BitQH Customer Support

According to third-party reviews and the official website’s report, customer support is available for registered users. The support team can be reached via email, live chat, or even telephone. That said, many reviews state that the account manager that adds to the human element of trading assistance also acts as a customer support representative.

How to Use BitQH

The following are the steps to use BitQH:

Step 1 – Create an Account

Go to the official BitQH website and enter your details. The contact form says to enter the name, email, and phone number. Shortly after, an account manager will reach out to you and help you complete the process.

Step 2 – Deposit the Minimum Amount

The next step is to deposit the minimum amount, which, in the case of BitQH, is $250. There are multiple payment methods available, including debit cards, credit cards, and bank transfers.

Step 3 – Try the Demo Account and Start Trading

Check out the demo account to familiarize yourself with the systems available on BitQH. Access the win rate, and if you are satisfied, only then switch to live trading.

How to Delete a BitQH Account

There is no information on the official website highlighting the account deletion process. However, some reviews report that the account manager can help. That said, we recommend checking out the settings and looking for an “account termination” option, if available. If it is, make sure to withdraw your holdings before terminating the account.

Have Celebrities Endorsed BitQH

There are many baseless rumors stating that celebs like Elon Musk and Jeff Bezos are backing the BitQH platform. Names like Snoop Dogg and other celebs bullish about crypto have also been rumored to be associated with this project.

There is no proof to substantiate any of these claims. Elon Musk has shown no interest in a crypto asset that isn’t Dogecoin, or Bitcoin. And while Jeff Bezos has said some things good about cryptocurrency, it was years ago – when Bitcoin was in its bull run. Martin Lewis, the financial journalist, has also not given his support to crypto trading or mentioned any specific tools to use.

Who are the Founders of BitQH?

BitQH has provided no information about the founder of the site. And nothing is known about what they even do. We also tried checking on social media sites – and even they have no information to give.

Anonymous founders won’t be a new thing in crypto, but we still have to be mindful. Cryptocurrency is on the verge of getting regulated, and it is high time that this ecosystem becomes more transparent.

BitQH Payment Methods

Following are the payment methods applicable to BitQH.

1. Debit card
2. Credit card
3. Bank transfer
4. PayPal and other E-Wallets

The Verdict

BitQH has made a lot of claims as a crypto trading platform, but not most of them have been proven yet. The only thing we can attest to is the BitQH website’s UI; it appears simple enough.

As for the rest, we found the lack of information to be problematic. Customers have extreme reactions to this platform, and we can’t rule out that some reviews aren’t fabricated. Social media sites are also quiet about this platform’s offerings. Therefore, we recommend checking out the site for yourself before making any final decisions.

And to hedge the current volatile market, crypto presales may be better investment options. They offer another way to diversity funds and generate profits before tokens are listed on crypto exchanges.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

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