BitUniverse uses military-grade encryption to ensure the safety of your funds while trading on more than 6000 cryptos. The platform is available on PCs and smartphones, where traders can manually manage their positions. To understand the advantages of the services and their potential demerits for investors, we will highlight its service quality and interface in our review.
First BitUniverse quick summary
The website offers a separate help section to help beginners understand their services. Overall, the available information is limited as it comes with API management and trading guides only.
|Free to use||No live or backtesting records|
|Multiple exchanges are supported, i.e., 26+||There is no transparency on vendors|
|Lack of verified customer reviews on Trustpilot|
|Ease of Investment:||4/5|
What is BitUniverse?
The following features help Bituniverse distinguish itself from other crypto bots in the market:
- The platform services are available via PC and smartphones.
- Over 16 bots are available with support for more than 26 exchanges.
- 24/7 automated trading with no need for manual intervention.
- Secure and encrypted interface to ensure the safety of funds.
How does BitUniverse generate profits?
BitUniverse does not require any prior programming and trading knowledge as per the developers’ statement. Traders can use take profit and stop-loss functions and averaging strategies to trade the markets. According to the coded information, the algorithms work with full automation in opening and closing trades.
There are multiple strategies available, such as grid, stop limit, trailing sell, leverage grid bot, etc. As the name indicates, the grid algorithms will use averaging strategies while the trailing bots will implement a modifying stop loss to secure your profits.
Safety and security
API keys are used to connect to your respective exchange. The platform only has trading rights to your funds and cannot withdraw them.
How BitUniverse’s pricing works
Trades can purchase BitUniverse for free, and there is no profit sharing or other charges.
At BitUniverse, traders can buy/sell cryptocurrencies on the following exchanges:
- and many more
How long has BitUniverse been in business?
The website does not provide us with any information on the whereabouts of developers and its foundation date. This is a poor approach from the authors, raising many concerns about their authenticity and credibility. They have a social media following on the Telegram channel with over 14K members.
How to get started with BitUniverse?
Traders need to use the following steps for using BitUniverse:
- Create a respective API key from your exchange
- Connect your exchange by entering the API key on the BitUniverse platform
- The crypto bot will start trading as soon as the connection is established
Traders can access the user guide available for each exchange in the help section.
Traders can chat with one another using their social media pages on Discord and Telegram. An email id is also present to access the admins. Other than this, there is no live chat support available.
There are no customer reviews present on noted platforms such as Trustpilot that could help us understand the viewpoint of the general community. A customer on Reddit comments that the developers decided to wipe out years of trading history without any prior notification.
BitUniverse is not transparent on its live portfolio and does not offer proper means to contact customer support. The platform has a limited user guide to provide information on its services. There are no comments from traders on Trustpilot, which adds suspicion.
User Interface: 8/10
Vendor Transparency: 3/10
Supported Exchanges: 9/10