If you go online, you will find hundreds if not thousands of crypto trading robot reviews orating their benefits and making all sorts of claims. Most of which are true, but some reviews contain outrageous information. So before you take any information as scripture, ensure to do your research and verify it, specially during the crypto market crash in 2022.
However, trading robots are invaluable if you’re to make any headway in trading in today’s world. They work around-the-clock and streamline complex processes that once required teams or drones into quick millisecond operations. Additionally, you get to control the trading technique that they employ by dictating it to them.
This piece will review trading robots and clue you in on when it’s a good strategy to use them. So if you’re ready to start trading, read on to find out more.
Top 3 Crypto Trading Robots
1. Bitcoin Prime
The main concern with crypto trading robots is that they can be seen as a scam, but this isn’t always the case. For example, cryptocurrency website CryptoMonday.de suggests that Bitcoin Profit is not a scam.
Their guide states “Wir glauben nicht, dass Bitcoin Profit ein Betrug ist, wenn es um die Frage geht, ob Bitcoin Profit ein Betrug oder seriös ist, hat unser Bitcoin Profit Test ergeben, dass die Handelsplattform eine seriöse, einfach zu bedienende Oberfläche bietet, die sowohl erfahren als auch unerfahrene Händler können verwenden”
What they say is translated in English as “we don’t believe Bitcoin Profit is a scam, when it comes to the question is Bitcoin Profit scam or legit, our Bitcoin Profit test found that the trading platform offers a reputable, easy-to-use interface that both experienced and novice traders can use.”
You’ll be happy to know that the trading robot has a 92 percent success rate and that the minimum investment is only $250. Additionally, it allows 10 fee-free withdrawals each month and only levies a 2 percent commission on profitable accounts. For experimentation, it also offers a demo account with $5,000 in virtual money.
2. Bitcoin Motion
Bitcoin motion is another excellent crypto trading robot with a demo trading feature. It allows you to test your trading hypothesis without risking money. Until you are successful with the demos, you can adjust the parameters to better match market realities.
You can start trading in the markets after you feel secure and at ease using the trading robot. It claims to have a 90% success rate and requires a $250 minimum deposit. Additionally, it asserts that AI technology enables it to continuously search the market for the best trades.
3. Bitcoin Era
Bitcoin era is a crypto trading robot that specializes in high-frequency trading. This trading strategy capitalizes on bulk by making many trades in a short period for modest profits. The objective is to achieve little, incremental gains that, at the end of a trading period, add up to a sizable pie. This will let you prioritize frequency without having to conduct all the research.research.
Its minimum deposit is still at $250 like the rest we’ve looked at and has a claimed success rate of 85%. Not as good as you would get with Bitcoin Prime, but decent.
Overall, due to its outstanding characteristics and widespread market acceptability, we believe Bitcoin Prime to be the best substitute.
When are Crypto Trading Robots a Good Strategy?
- When You’re Limited on Time
Training robots will help you set up trades and monitor them if you live a hectic life but would still want to try your hands out on crypto.
- When Starting Crypto Trading
You don’t need to learn everything about the trading market as long as you understand the basics and can set up the parameters for the robot to follow.
- When Analyzing Large Sets of Data
These trading robots can run many operations based on the market and analyze data faster than any human could. So if time is of the essence and there are a lot of data points, let the trading robots do the heavy lifting for you.
- To Support Your Manual Trading
Having a trading robot as a support strategy for your manual trading can help you be more efficient and profitable. For example, when the cryptocurrency market goes down, crypto trading robots can help as they don’t have feelings, they just try to find the best opportunities to buy and sell, based on the market ups and downs. A clear win-win situation after all.
Conclusion
If we were to go back to just manual trading, life for the everyday crypto trader would get much more complicated. Crypto trading wouldn’t be as straightforward as it is today and certainly, wouldn’t be the breadwinner for many as it is. And partly to thank for this success is the emergence of trading robots like Bitcoin Prime and the excellent services they render.
So, no trading robots are not a scam, but you should do your own research before accepting our word for it.
Also Read: Long Term Holders Begin Accumulation as Bitcoin drops to $30K
