Categories
Bitcoin Robot Guide

Bitcoin trading robots on TV

There are rumours also claiming that some bitcoin robots have been featured on popular TV shows. The mentioned TV shows include;

Shark Tank

Dragons Den

This Morning

Conclusion

While most bitcoin robots out there are scams, there are a few that are legit. Cryptovibes has carried out in-depth research to help you make informed choices. The robots listed in the legit section have all been tested and proven to work. We have prepared in-depth reviews on all of them to help you determine what works for you. Feel free to try any of them and leave us a comment below telling us about your experience with any of them.

Categories
Bitcoin Robot Guide

Bitcoin trading robots and celebrities

There are rumours that some leading bitcoin trading robots are endorsed by celebrities. Some of the celebrities associated with bots such as Bitcoin Revolution and Bitcoin Era include Elon Musk, Richard Branson, and Kate Garraway. Click any of the celebrities below to determine which robots they have been mentioned alongside and if they have endorsed them.

Bear Grylls

James MacAvoy

Ant McPartlin

Conor McGregor

Paul McCartney

Elon Musk

Patrice Mostepe

Jim Davidson

Jeremy Clarkson

Mike Hoskin

Jeff Bezos

Peter Lim

Kate Winslet

Nicole Kidman

Phillip Schofield

Jonathan Ross

Holly Willoughby

Ryan Reynolds

Celeste Barber

Categories
Bitcoin Robot Guide

Legit robot brokers

Legit robot brokers

As mentioned earlier, the brokers that a robot collaborates with reveal if it is trustworthy or not. Good robots only partner with well-regulated brokers. Here is a list of some of the most popular brokers.

Finaxis

FXNobels

Alpha Financial Group

RIMarkets

S&P Broker

Categories
Bitcoin Robot Guide

How to identify legit bitcoin bots

How to identify legit bitcoin bots

As mentioned earlier, good trading robots are not hard to detect for the keen eye. Here is a checklist that you should follow when choosing a trading bot.

  1. Reputation – Legit bitcoin robots are likely to have a good reputation on platforms such as TrustPilot and ForexPeaceArmy.
  2. Regulation – These robots should only operate in partnership with adequately regulated brokers. The best regulators include the FCA and ASIC.
  3. Transparency – Good robots should reveal all that a trader needs to know to make informed choices.
  4. Customer service – Their customer services should be easily reachable and should be ready to respond to all the relevant inquiries.
  5. Deposits and withdrawals – Legit robots should have a seamless deposit and withdrawal process. They should allow users to withdrawal whenever they want.
Categories
Bitcoin Robot Guide

Bitcoin auto-trading strategies

While most bitcoin bots are fully auto, there are several things that users can do to get good results out of them. These include:

  • Trade during Eastern Daylight Time – Wall Street is usually open from 8:00 am to 4:00 pm ET. This is the best time to trade with bitcoin robots given the volatility that results from the bitcoin derivatives that are traded in the market.
  • Start small – Deposit what you can comfortably lose. A deposit of $250 is a great starting point for beginner traders. Starting small allows you the peace of mind to observe how the bot responds to different market conditions and come up with a robust trading guide.
  • Trade for at least eight hours daily – Bitcoin robots perform better when left to run for at least 8 hours daily. You should avoid keeping checking your account given that this is likely to cause excitement or anxiety and hence end trading sessions prematurely. The top ten bitcoin robots listed in this review have a supposed accuracy level of 90% which means that the chances of reporting a loss by the end of an 8-hour trading session are minimal.
Categories
Bitcoin Robot Guide

Can you get rich from Bitcoin Robots?

an you get rich from Bitcoin Robots?

The best trading robots have a supposed return on investment of up to 400%. This means that it is possible to build significant wealth through a bitcoin robot. Some of the legit robots listed above have supposedly made some of their users’ millionaires. Even better, some can allegedly turn a $250 deposit to over a million in less than a year of live trading. This is possible when at least 90% of all profits are reinvested.

Even the best bitcoin bots come at a degree of risk. It is therefore prudent to only trade with a capital amount you can afford to lose. We have found sad stories of people who lost their entire savings or their children college fund to trading robots.

It is imprudent to commit a lot of money to a trading bot that trades on leverage of up to 1:5000. The best trading robots have risk minimization features such as the Negative Balance Protection but remain risky nonetheless.

Categories
Bitcoin Robot Guide

How to trade with a bitcoin robot

How to trade with a bitcoin robot

Bitcoin robots are usually 100% auto and hence require zero trading experience. All you need to get started is to register a free account and click the live button. Bitcoin trading bots are usually license-free even though there are a few that require a monthly subscription fee. Those that do not charge a license fee generate income by charging a small commission on earnings made through them. We suggest that you only trade with those that are free.

It is also important to note that most robots are only available in countries where they have a regulated broker. Here is a step by step guide to help you get started with a bitcoin trading robot.

STEP ONE: Register a free account

Open any given robot homepage and click the registration button to open an account. You will be provided with a form to submit your name, email, and phone number. Legit bitcoin robots handle users’ data in strict confidentiality and are compliant to data protection measures such as the GDPR.

The BTC bots that are license-free make money by charging a small commission on any profits made through them. This model is perfect since it entices them to improve their technologies to ensure that users get a return on their investment.

STEP TWO: ID verification

As mentioned earlier, bitcoin robots rely on regulated brokers to execute trades and facilitate transactions. All regulated brokers are nowadays required to verify the identity and residence of their users. This happens to prevent money laundering.

The verification process usually involves the user uploading a clear photo of both sides of their government-issued identity. Proof of residence, on the other hand, involves uploading a recent bank statement or utility bill with the address listed on top. The whole process can take up to 24 hours.

While most brokers allow traders to proceed to deposit and trading before verification, nearly all require users to complete the process before making any withdrawal.

STEP THREE: Deposit the minimum trading capital

Most bitcoin trading robots require a minimum deposit of $250. You can deposit through most debit and credit cards, Western Union, Wire Transfer, and e-wallets such as Skrill and Neteller. Some bitcoin robots accept deposits through crypto-wallets.

Legit trading bots do not charge any deposit fees. Moreover, they allow users who opt-out of trading to withdraw their capital at no cost. All legit robots listed above have been proven to be safe and to have a friendly withdrawal process.

STEP FOUR: Demo and live trading

Most bitcoin trading bots provide a practice account. This account should help you familiarize with the robot before going live. Remember that in auto trading, a small mistake whether in settings or trading session timing can result in significant losses. It is therefore paramount that you read the trading guide provided by the trading bot in question and practice with its demo before going live.

Live trading with most BTC bots happens at a click of a button. Some given users the option to define and adjust risk settings. The semi-auto ones enable users to determine which trading insights they want to be implemented in their accounts. Complete beginners should only trade with the 100% auto trading robots. Moreover, they should avoid changing risk settings. Most robots are usually set at the recommended 10% per trade risk level by default.

Categories
Bitcoin Robot Guide

Bitcoin robot scams updated list 2021

For the keen eye, scam bitcoin robots are not hard to detect. Firstly, the information they present on their website is usually unverifiable. Secondly, their customer service is not reachable through phone or any other method that can be traced.

Moreover, the scam bitcoin robots usually partner with sham offshore brokers. These brokers have a poor online reputation and are not regulated. Here are some scam robots that you should avoid in 2021.

Crypto Robot 365

Semantic Investment App

Crypto Edge System

Bitcoin Secret

Crypto Method

Aussie Formula

Automated Crypto System

Snapcash

Crypto Crash Fortune

Kryptonex

Bitcoin University

Quantum AI

ICO Money Maker

There are a lot of complaints about each of the above robots and therefore it is advisable that you stay away from them. The main aim of sham bots is to still your deposit. This implies that they are willing to do anything to get you to deposit more money.

As mentioned in the introduction, at least 90% of all trading robots are a scam. The scam bitcoin robot 2021 list is, therefore, longer than this. Do not register with a trading robot without enough proof that it is legit. Feel free to request for any robot review in the comment section below.

Categories
Bitcoin Robot Guide

Tested bitcoin robots updated list 2021

Tested bitcoin robots updated list 2021

As mentioned above, there are many BTC robots out there but only a few of them are legit. We have done the heavy lifting for you and identified nearly 90% of all the legit trading robots out there. But how do we determine that a robot is legit? We analyze thousands of users’ reviews on platforms such as TrustPilot and also on social media.

Here is a list of tested and proven bitcoin robots 2021

Bitcoin Champion

Immediate Edge

Bitcoin Optimizer

Crypto CFD Trader

Bitcoin Rush

Bitcoin Lifestyle

Bitcoin Loophole

Bitcoin Profit

Bitcoin Storm

Bitcoin Evolution

Categories
Bitcoin Robot Guide

How does a crypto robot work?

How does a crypto robot work?

Carries out trading research on your behalf

A bitcoin robot conducts trading research and comes up with insights which it relays to a given partner broker system.

Partners with brokers

Bitcoin trading robots are usually in partnership with select brokers. The role of these brokers is to execute the orders sent by the robot.

The broker picks the trading signals and executes them into orders. Bitcoin robots brokers usually rely on advanced trading systems to ensure instant order execution.

The other role of the partner broker is to receive deposits and facilitate transactions. Bitcoin robots are usually not registered as a financial institution and hence lack the legal mandate to receive deposits from the public. They must, therefore, rely on the brokers to receive the funds and oversee transactions.

Works with regulators

Regulators require all brokers to segregate clients’ funds and submit reports on how they use them. This ensures that no broker or robot can misuse deposits. With regulators such as the FCA and ASIC, users have a guarantee that their money is safe. Cryptovibes also conducts robot broker reviews to ensure that they are legit.

Utilizes leverage to maximise earning potential

Robot brokers also provide leverage to enable traders to place huge trades using a small deposit. The best provide leverage of up to 1:5000 which means that traders can bet on positions worth up to five thousand times their capital. New traders should keep it in mind that leverage is a double-edged sword that has the potential to magnify both the returns and losses. The rule of thumb when trading on such high leverage is to always trade with what you can afford to lose.