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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.

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