Have you heard? The news went around the world, the richest man in the world has just invested $ 1,5 billion in cryptocurrencies, buying Bitcoin directly! By doing so, it practically triggered a race to the rise in prices and the digital currency practically doubled its value. And very soon you could be buying a brand new Tesla by paying in Bitcoin, or BitcoinX!

BitcoinX - Is The Elon Musk Effect a SCAM? 🥇 | Read Before You Begin - BitcoinX 6

It all started on January 29th of this year. Elon Musk changed the status on his Twitter profile, inserting the hashtag Bitcoin and posted a cryptic, but powerful support for the world's first cryptocurrency: "In retrospect it was inevitable".

Those five words rocketed the price of the digital currency, from $ 32.299 to over $ 50.000, and that's just the beginning! Big names in the US banking industry like Goldman Sachs and JP Morgan are also waking up and the more they invest, the higher the price.

At this point, it would be very inappropriate not to enter this market. But since many people have never traded in their life, they ask themselves: will I be able to? This is why there are software like BitcoinX - The Elon Musk Effect.

This automated trading platform allows users to speculate on the volatility of bitcoin prices, without lifting a finger. This is because it has an automatic trading mode, with which the user simply has to decide some parameters, before starting the operations. Are you curious to know more? Then read on!

What is BitcoinX - The Elon Musk Effect?

BitcoinX - The Elon Musk Effect is a trading app that offers both a manual and automatic mode. This is a safe and reliable app according to our text. It uses advanced technologies to identify the best trading opportunities and offer users clear and accurate signals.BitcoinX - Is The Elon Musk Effect a SCAM? 🥇 | Read Before You Begin - BitcoinX 1 1024x371

Its algorithms study the cryptocurrency markets at blazing speed, before issuing sell or buy signals. This means they are also able to read the news and perform technical and fundamental analysis, to open only successful trades. A profitability of over 88% is reported.

All this is achieved thanks to an advanced artificial intelligence and technology known as machine learning, which also allows the software to distinguish fake news from real ones.

BitcoinX - Is The Elon Musk Effect a Scam?

BitcoinX - The Elon Musk Effect is available in many countries. However, being connected only to regulated brokers, you need to sign up for free to check if it's also available in your country. Millions of satisfied users are already registered on the platform and therefore there is no doubt that it is a safe and reliable software. Our tests have verified its transparency in every operation.

  • Safe and reliable platform, with excellent results
  • Millions of registered and satisfied users around the world
  • Only work with regulated and licensed brokers

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How does BitcoinX - The Elon Musk Effect work?

BitcoinX - The Elon Musk Effect was created to make quick profits on behalf of people who like to invest their money in crypto markets. The software is also free and suitable for experienced and novice traders.

Traders wishing to start using BitcoinX - The Elon Musk Effect, must first register by following the procedure below and then make a deposit. Once the new account is created, it will be possible to start trading in both automatic and manual mode. Obviously, the higher the investment, the greater the returns. However, as markets are very volatile, it is also possible to lose your investment which is why we recommend never investing more than you can afford to lose.BitcoinX - Is The Elon Musk Effect a SCAM? 🥇 | Read Before You Begin - BitcoinX 5 1024x306

According to the website, this trading system conducts investment research analyzing the market value of Bitcoin and other data, looking for profitable opportunities. Unlike a real-life trader, this robot can analyze a huge amount of data in seconds and place the required trades right after.

Transactions are performed via the fiat currency platform and are checked by brokers, who make sure that traders earn money after they are processed. At the end of each trading session, traders can withdraw their profits and / or reinvest a certain amount to make more profits.

How to open an account with BitcoinX - The Elon Musk Effect?

Opening an account on BitcoinX - The Elon Musk Effect is quick and easy. After registering, traders must make an initial deposit of at least $ 250. Traders can start trading in the demo or live account. Below are the few steps required to open an account.

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Registration does not take long and can be done in less than 15 minutes. Just log into the web page and fill out the form above. Also, they must agree to the terms and conditions, before clicking Continue. Traders will be required to verify their email address and phone number to proceed further. The app has adequate security measures to ensure that the trader's data is safe. It also claims that it does not share its users' data without their permission.

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After registering, users must make a minimum deposit of $ 250. It is important to know that this is not the cost of the bot, but it is the user's trading capital that the bot will use to trade. BitcoinX is 100% free and the deposit takes place on the broker's page. The trader must be aware that BitcoinX is not registered as a financial institution; therefore it is not authorized to manage deposits and withdrawals.

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One simple click is all it takes to start trading live. First though, traders have the ability to adjust risk settings. We strongly recommend that traders set their trades to default settings. The app comes with a manual to guide traders, including through the setup and trading process.

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Key Features of BitcoinX - The Elon Musk Effect

BitcoinX - The Elon Musk Effect offers many key features to its users, so we have chosen the ones that we believe are the most relevant.

Verification system

The verification system offered by BitcoinX is very simple. According to our review, email verification involves clicking on a link sent to the trader's email. In addition, the verification of the phone is done via SMS. Finally, brokers may require traders to present government identification to verify their identity.


BitcoinX - The Elon Musk Effect does not charge any fees to traders. The trader must know that the minimum amount deposited on this platform is not the cost to the robot, but it is the trading capital.


According to our tests, traders can withdraw their money at any time, at no additional cost. They simply have to fill out an application form on the fund management control panel to withdraw the funds. All withdrawals will take up to 24 hours to be processed.

BitcoinX - Does The Elon Musk Effect offer a mobile app?

No, there is no real app available, in the strict sense of the word. That is, there is nothing to download on your mobile, as it can be accessed from any browser, even mobile, without losing any functionality.

Our verdict

To conclude, we can say that BitcoinX - The Elon Musk Effect is reliable and many users recommend it after using it. However, you should know that there is always a risk associated with trading cryptocurrencies and therefore you need to take additional precautions, such as not investing more than you can afford to lose. The app is available to everyone, as it is free. It doesn't matter if you are a beginner or an experienced investor, this platform is designed to always meet your needs.

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BitcoinX - Is The Elon Musk Effect a Ponzi Scheme?

No, it is an automatic trading software, with which traders can trade via bots. This trading platform does not charge any hidden fees, but only a small amount on the profits accrued by the robot through trading.

How much should I invest in the app?

After registering, you are required to invest a minimum deposit of $ 250 to start trading. It is safer to start with a small amount of money as an investment.

Is the BitcoinX app profitable?

Several users, after using it, claim that it offers a daily profit of $ 150 starting with a minimum deposit of $ 250, which doesn't look bad to us at all.