Bitci Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of Bitci trading signals. You will learn what kinds of trading signals Bitci offers and what the conditions for using them are.
Short introduction of Bitci
The Bitci exchange is a regional cryptocurrency platform launched in Turkey in 2018. It offers a standard set of trading tools such as cryptocurrencies for active trading, including top coins and fan tokens as well as staking of their proprietary Bitcicoin. Trading is carried out through their browser platform, which is presented in three variations: a buy/sell terminal, a standard platform, and a platform for professional trading with charts and TradingView tools. The arsenal of trading instruments is more than 60 cryptocurrencies, the largest turnover — more than 50% — falls on Bitcicoin and fan tokens. The total daily turnover is 400-800 thousand USD. The exchange rating according to CoinMarketCap is 3.5 out of 10.
| 💰 Account currency: | Turkish lira (TRY), cryptocurrencies |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
Bitci Pros and Cons
👍 Advantages of trading with Bitci:
•Relatively low commission for exchanging cryptocurrencies among its users. Average market commission for transactions with cryptocurrencies and fiat money.
•Guaranteed redemption of fan tokens by the exchange within 6 months.
•High partner reward of up to 25% of the referral commission.
•Opportunity to win coins when participating in draws.
👎 Disadvantages of Bitci:
•There is a commission for withdrawing money.
•A relatively small selection of trading assets.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
Bitci Trading Signals
The analysts at the Traders Union conducted a comparative analysis of the commissions of the Bitci exchange and compared them with the tariff policy of its competitors. For exchange operations “cryptocurrency/cryptocurrency”, the commission of takers/makers is 0.15%/0.10%, respectively. For exchange operations “cryptocurrency/fiat”, the commission of takers/makers is 0.20%/0.15%. These commissions are charged subject to the volume of transactions per month in the amount of 0 to 100,000 Turkish liras. The larger the trading volume, the lower the commission. There is also a commission for withdrawing money, which is fixed in the withdrawal cryptocurrency.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | 0.15% | Yes |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that Bitci does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
For what assets can trading signals be provided?
Brokers may provide trading signals for any asset, for example Forex, stocks, cryptocurrencies, etc.
How are the signals provided via a newsletter?
A trader regularly receives trading signals to his/her email or personal messages in the account. As a rule, they are provided in the form of a report with screenshots of technical analysis.
Can trading signals be provided for free?
Brokers may offer free and paid trading signals.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.