Bitcoin Empire Review: Is It a Scam or Not? – CFDs versus Real Cryptos
The following is a brief introduction to the topic:
The number of platforms offering access to trade cryptocurrencies is increasing as the popularity of the cryptocurrencies increases. Bitcoin Empire, one of these platforms that offers both CFDs as well as real cryptocurrencies, is a good example. With so many platforms available, it’s hard to know which ones are legit and which ones are scams. This article will examine Bitcoin Empire’s features, fees and customer service, as well its legitimacy, to determine if it is the right platform for you.
What is Bitcoin Empire?
Bitcoin Empire, an online trading platform, offers both CFDs as well as real cryptocurrency. CFDs (Contracts for Difference) are financial instruments which allow traders to speculate about the price movement of an asset without owning it. Real cryptocurrencies are digital assets which can be purchased, sold and stored within a cryptocurrency wallet.
Bitcoin Empire: Features
- Both CFDs and real cryptocurrency are available
- Trading platform that is easy to use
- Account management tools
- 24/7 customer support
Bitcoin Empire: How it Works
Sign up for a Bitcoin Empire account before you can start trading. After you sign up, you will be able to make a deposit in order to begin trading. Bitcoin Empire has a wide range of features and tools for trading, such as market analysis tools, charts, and much more. The platform allows you to trade CFDs and real cryptocurrency, as well as a variety of order types that will help manage your trades.
Is Bitcoin Empire Scam or Legit?
Unfortunately, there are many scams in the cryptocurrency industry, making it difficult to identify which platforms are legit. Here are some tips to help you identify scams:
- High returns without risk?
- Investors under pressure to invest quickly
- Lack of transparency
- Poor customer reviews
Bitcoin Empire was investigated for its legitimacy. We found no evidence that the platform is a fraud. The platform’s fees and processes are transparent, and the customer service team is helpful and responsive. The platform has received positive reviews from users.
CFDs and Real Cryptos
Understanding the difference between CFDs trading and actual cryptocurrencies is important.
CFDs
- Contracts for Difference
- Traders speculate based on the price movement of an asset.
- The asset is not owned by the owner
- Leverage is available, which means you can trade using more money than what you actually have
- Increased risk due to leverage
Real Cryptocurrencies
- A cryptocurrency wallet is a digital asset that allows you to buy, sell, and store digital assets.
- No leverage
- Ownership of an asset
- Direct exposure to asset price movements
- CFDs are less risky than CFDs
How to Use Bitcoin Empire
How to start using Bitcoin Empire
Bitcoin Empire Sign up
Click on „Sign Up“ to sign up with Bitcoin Empire. You will be asked to enter some basic information such as your email address and name.
Making a deposit
After you sign up, you will be able to make a deposit with a number of different payment methods. These include credit/debit card, bank transfer, and electronic wallets.
Trading with Bitcoin Empire
Open a trade by selecting the asset that you wish to trade. Bitcoin Empire provides a range of order types including limit orders, stop-loss and market orders.
Withdrawing funds
Follow the instructions to withdraw money from your Bitcoin Empire Account.
Bitcoin Empire Trading Platform
The trading platform of Bitcoin Empire is easy to use and includes a number of features such as market analysis tools and charting tools.
Trading Platform Features
- Interface that is easy to use
- Real-time market data
- Charting Tools
- Order management tools
- Risk management tools
Demo Account vs. Live Account
Bitcoin Empire provides both demo and live accounts. Demo accounts let you practice trading with no risk, whereas live accounts let you trade real money.
Bitcoin Empire’s Fees
Bitcoin Empire charges fees in a number of ways, including
- Spread: The difference between the price paid for an asset and its selling price
- Overnight fee is a charge for retaining a position over night
- Deposit fee: A fee for making a deposit
- Withdrawal Fee: A fee for withdrawing money
Bitcoin Empire charges a fee that is generally comparable to other trading platforms.
Bitcoin Empire Customer Support
Bitcoin Empire provides 24/7 customer service via email and chat. Users have generally reported positive experiences when dealing with the platform’s customer service team. They are responsive and helpful.
How to contact Customer Support
- Live Chat
The effectiveness of customer support and the response time
Bitcoin Empire’s support team is responsive and helpful. Most users report quick response times with effective solutions.
Bitcoin Empire: Pros and cons
Bitcoin Empire has many advantages and disadvantages.
Benefits
- Trading platform that is easy to use
- Both CFDs and real cryptocurrency are available
- Competitive rates
- Customer service that is responsive and helpful
Disadvantages
- Only a limited range of crypto currencies are available for trading
- No mobile app
- No automated trading tools
The conclusion of the article is:
We recommend Bitcoin Empire as a trading platform after examining its legitimacy, features, fees and customer service. The platform offers both CFDs as well as real cryptocurrency and charges are competitive. The customer service team is also responsive and helpful.
FAQs
What is the difference in CFDs and actual cryptocurrencies?
CFDs allow traders to speculate about the price movement of an asset without owning it. Real cryptocurrencies can be purchased, sold and stored on a cryptocurrency wallet.
Is Bitcoin Empire regulated by any regulatory body?
Bitcoin Empire is unregulated by any financial authority.
Can I withdraw funds at any time from Bitcoin Empire?
You can withdraw funds at any time from Bitcoin Empire.
What is the minimum deposit required to begin trading on Bitcoin Empire?
Bitcoin Empire requires a minimum deposit of $250.
What is the minimum trading amount on Bitcoin Empire?
Bitcoin Empire’s minimum trading amount is $25.
Does Bitcoin Empire offer a demo account?
Yes, Bitcoin Empire offers a demo account.
How long will it take for me to get a reply from Bitcoin Empire customer service?
Bitcoin Empire’s Customer Support Team is responsive and helpful in general, with many users reporting rapid response times.
What other cryptocurrencies can I trade on Bitcoin Empire besides Bitcoin?
Bitcoin Empire does offer a limited selection of cryptocurrencies to trade, but the range is still quite large.
Bitcoin Empire is available in all countries
Bitcoin Empire isn’t available in every country. Check the website of the platform to see if you can use it in your country.
Is Bitcoin Empire suitable for beginners?
Bitcoin Empire is an easy-to-use trading platform for beginners. The platform provides a range of educational tools and resources to help new traders.