Connect with us

Industry News

BitQT app review 2020 – is the app scam or legit? | KnowTechie

Trading cryptocurrencies have been profitable for traders around the globe. Experienced traders prefer manual trading as they have more confidence and experience so they can spot the trading opportunities without any assistance. But there is something else out there that helps traders catching trades easier and more efficiently – trading bots.

Trading cryptocurrencies have been profitable for traders around the globe. Experienced traders prefer manual trading as they have more confidence and experience so they can spot the trading opportunities without any assistance. But there is something else out there that helps traders catching trades easier and more efficiently – trading bots.

Trading bots or differently known as the automated trading software, basically work on their own. They do everything a trader could do manually and more, but way faster, thus saving one’s time. Throughout the not too long history of cryptocurrencies, many trading bots have emerged. But some of them have turned out to be scams ripping people off. 

We tested the BitQT trading app, and we will elaborate more on what we found out about it below.

What is BitQT?

BitQT is a trading bot that uses the latest automated trading technology. With more than 80,357 active users in 120 countries around the globe, BitQT is one of the most prestigious trading apps out there. The algorithms that BitQT uses will help you find the best trades without needing skills or knowledge. Basically, the BitQT app does the job on its own.

Start Trading With BitQT App For Free

Key Benefits of BitQT

If you have been thinking to start trading cryptocurrencies but never really got into it, you should definitely give BitQT a try. Here are some of the benefits that the app has:

  • Use it on the go – You can use the app anywhere you are since it can be used on the smartphone also. You can check the charts and everything necessary all on your smartphone screen.
  • Instant withdrawal – You can withdraw your money anytime you want instantly, without any fees or hidden charges.
  • Demo account – BitQT has a demo account, so novice traders can use it until they get comfortable with the app, without risking anything. 
  • $1,267 potential payout – Once you set everything up and you are ready to go there is a potential to make more than $1000 a day trading with BitQT.
  • Accurate predictions – BitQT makes accurate cryptocurrency price predictions based upon which it makes the trade placing decisions.
  • Free Coaching – BitQT supports the users of the platform not only through their customer service department but also it helps them on their trading journey with advice from experts. Anything you can be concerned about, you can just ask, and they will figure it out for you.
  • High Security – BitQT is entirely secure since it uses the most sophisticated web-trader platform.

You can also check the Bitqt Crunchbase account.

Why should you invest in Bitcoin right now?

“Bitcoin is a techno tour de force,” Bill Gates was quoted to say back in 2018, describing Bitcoin as an unstoppable force. There was so much scepticism about Bitcoin when it got released in 2009, but Bitcoin proved naysayers wrong, reaching its all-time high of $20,000 in 2017. 

2020 has so far been an excellent year for cryptocurrency traders. Due to coronavirus Bitcoin dropped almost hitting $3,000 but then climbed back up quickly and now it stands just below $10,000. Cryptocurrency experts believe that now is the right time to invest in Bitcoin as it is expected that the value of it will only increase. The cryptocurrency expert Ivan On Tech made his prediction saying that Bitcoin will reach $40,000 by December of 2021. He also said that Ethereum will reach $4,000 by then. This is an excellent opportunity to get familiar and start trading cryptocurrencies with the BitQT app. 

Join BitQT App Now For Free

How to start trading with BitQT?

Starting to trade with BitQT is easy. There are three necessary steps you have to follow:

  1. Open an account

Just visit the BitQT site and fill up the registration form. There is some basic information you will have to provide such as your name, phone number and email. Then you will have to set up a password.

  1. Fund your account

After you fill the information and create your account, then you will have to fund it to get started trading. You can start with as low as $250. You can invest more since there is no limit. It’s all up to you!

  1. Start trading

The third step is the most exciting one. You can try the demo mode to get used to the app, or you can just start trading right away. You don’t need to do anything, just click trade and watch the app getting the job done.

Why choose the BitQT app?

BitQT app uses the latest and most sophisticated automated trading technology. That’s why the app performs a 99.4% accuracy level. Also, with BitQT, the advanced software predicts the market movements and does it 0.01 seconds faster than other trading bots. This will get you ahead and closer to catching better trades. Moreover, BitQT is an award-winning app, since it has won an award from the International Trading Association.

Why are cryptocurrencies getting more recognition in today’s economy?

Cryptocurrencies are indeed expanding and becoming more critical in today’s economy. Banks and financial institutions have started to adopt blockchain technology and launch their own stablecoins. Recently Russia’s biggest bank, Sberbank, decided to launch its own stablecoin and the Basler Kantonalbank, which is a state-run bank in Switzerland, launched its cryptocurrency services. These are just two examples from so many other financial institutions that are doing the same thing. Moreover, this is a sign that cryptocurrencies are just growing and if you do not get involved and get your piece now, it might be too late to do it later. 

Conclusion

BitQT app is an entirely legit trading platform. In times like these, when cryptocurrencies are booming and are expected to grow more, the BitQT app is an excellent option to start your trading journey and earn money. Cryptocurrencies now are like the internet in the ’90s. It wasn’t too big back then, but the internet took over later and now is an integral part of our life. The same thing will happen with cryptocurrencies. So, don’t waste time and jump into the boat!

Start Trading Now With BitQT App For Free

Have any thoughts on this? Let us know down below in the comments or carry the discussion over to our Twitter or Facebook.

Editors’ Recommendations:

Continue Reading
Advertisement

Daily Financial News

Don’t Count On JPY Correction; Staying Long GBP/JPY

The path of the potential pace of the JPY decline may still be underestimated by markets, which continue trading the JPY long.

While the 10% USDJPY advance from September lows looks impressive from a momentum point of view, it may no thave been driven by Japan’s institutional investors reducing their hedging ratios or Japan’s household sector reestablishing carry trades.

Instead, investors seemed to have been caught on the wrong foot, concerned about a sudden decline of risk appetite or the incoming US administration being focused on trade issues and not on spending. Spending requires funding and indeed the President-elect Trump’s team appears to be focused on funding. Here are a few examples: Reducing corporate taxation may pave the way for US corporates repatriating some of their USD2.6trn accumulated foreign profits. Cutting bank regulation could increase the risk-absorbing capacity within bank balance sheets. Hence, funding conditions – including for the sovereign – might generally ease. De-regulating the oil sector would help the trade balance, slowing the anticipated increase in the US current account deficit. The US current account deficit presently runs at 2.6% of GDP, which is below worrisome levels. Should the incoming government push for early trade restrictions, reaction (including Asian sovereigns reducing their holdings) could increase US funding costs, which runs against the interest of the Trump team.

Instead of counting on risk aversion to stop the JPY depreciation, we expect nominal yield differentials and the Fed moderately hiking rates to unleash capital outflows from Japan.The yield differential argumenthas become more compelling with the BoJ turning into yield curve managers. Via this policy move, rising inflation rates push JPY real rates and yields lower, which will weaken the JPY. Exhibit 12 shows how much Japan’s labor market conditions have tightened. A minor surge in corporate profitability may now be sufficient, pushing Japan wages up and implicity real yields lower.

JPY dynamics are diametrical to last year . Last year, the JGB’s “exhausted”yield curve left the BoJ without a tool to push real yields low enough to adequately address the weakened nominal GDP outlook. JPY remained artificially high at a time when the US opted for sharply lower real yields. USDJPY had to decline, triggering JPY bullish secondround effects via JPY-based financial institutions increasing their FX hedge ratios and Japan’s retail sector cutting its carry trade exposures. Now the opposite seems to be happening. The managed JGB curve suggests rising inflation expectations are driving Japan’s real yield lower. The Fed reluctantly hiking rates may keep risk appetite supported but increase USD hedging costs.Financial institutions reducinghedge ratios and Japan’s household sector piling back into the carry trade could provide secondround JPY weakening effects

Continue Reading

Daily Financial News

Mexico raises interest rates, cites Trump as risk

The head of Mexico’s central bank says U.S. Republican candidate Donald Trump represents a “hurricane” sized threat to Mexico.

Banco de Mexico Gov. Agustin Carstens told the Radio Formula network Friday that a Trump presidency “would be a hurricane and a particularly intense one if he fulfills what he has been saying in his campaign.”

Trump has proposed building a wall along the border and re-negotiating the North American Free Trade Agreement.

Mexico’s central bank raised its prime lending rate by half a percent to 4.75 percent Thursday, citing “nervousness surrounding the possible consequences of the U.S. elections, whose implications for Mexico could be particularly significant.”

Mexico’s peso had lost about 6 percent in value against the dollar since mid-August. It recovered slightly after the rate hike

Continue Reading

Financial News

Africa’s first Fairtrade certified gold co-operative offers hope to gold miners living in poverty

Syanyonja Artisan Miners’ Alliance (SAMA) has become the first artisanal small scale mining co-operative in Africa to become Fairtrade certified, bringing much needed hope to impoverished communities who risk their lives to mine the rich gold seam that runs around Lake Victoria.

SAMA is one of nine previously informal groups from Uganda, Kenya and Tanzania which has benefitted from a pilot project launched by Fairtrade in 2013. This innovative program aims to extend the benefits of Fairtrade gold to artisanal miners across East Africa.

In that short time, SAMA has undergone training in business and entrepreneurship, as well as safe use of mercury, internal control systems, labour rights and better working conditions, health and safety and more. Previously, daily contact with toxic chemicals used to process gold meant members risked disease, premature births and even death.  Fairtrade gold was first launched in 2011, and SAMA now joins Fairtrade certified gold mines MACDESA, AURELSA and SOTRAMI in Peru.

The co-operative produces just 5 kg gold per year, but nevertheless has the potential to significantly benefit many people in the local community through better conditions through certification. It is expected that Fairtrade and organizations like Cred Jewellery will support the miners, ensuring their gold can be refined and made available to jewellers in the UK and other markets.

Gonzaga Mungai, Gold Manager at Fairtrade Africa said: “This is a truly momentous and historical achievement and the realisation of a dream that is many years in the making. Gold production is an important source of income for people in rural economies. Congratulations to SAMA, it sets a precedent which shows that if groups like this can achieve certification, then it can work for others right across the African continent.”

The Fairtrade Gold Standard encourages better practice and changes to come in line with international regulation around the production and trade of so-called ‘conflict minerals’. Under the Standard, miners are required to:

  • Uphold a human rights policy preventing war crimes, bribery, money laundering and child labour
  • Clearly represent where the minerals were mined
  • Minimise the risks of conflict minerals through robust risk assessments and collaboration across supply chains
  • Report to buyers and trading partners regarding the risks of conflict minerals

Now in its second phase, the programme will focus on supporting other mining groups in the region to access affordable loans and explore a phased approach to accessing the Fairtrade market, allowing more mining co-operatives across Africa to participate in the programme.

Gonzaga added: “Sourcing African metals from smallscale miners in the Great Lakes Region is the responsible thing to do. For a long time companies have avoided buying gold from this region, with devastating consequences for impoverished communities who were already struggling. It has driven trade deeper underground, as unscrupulous buyers pay lower prices and launder illegal gold into legitimate supply chains. That’s why we have chosen to work with these groups to help them earn more from their gold within a robust compliance system that offers social, environmental, and economic protections.”

The Fairtrade gold programme offers a small but scalable solution to sustainable sourcing of gold from the region in line with Section 1502 of the Dodd-Frank Act in the US, OECD Due Diligence Guidance and recent EU Supply-Chain Due Diligence proposals which could come into effect in 2016. This means that up to 880,000 EU firms that use tin, tungsten, tantalum and gold in manufacturing consumer products could be obliged to provide information on steps they have taken to identify and address risks in their supply chains for so-called ‘conflict minerals’.

Continue Reading

Trending