It is always hard to come across a genuine cryptocurrency trading robot since they are new in the market. It is not like finding forex trading robots which are everywhere since even traders can make their own as long as they learn how to program with one of the programming languages allowed on the trading platforms. For cryptocurrencies, the trading robots are still new and some traders still passive all to be scams.
However, if you come across a legitimate crypto trading robot, like the Automated Crypto System, you will enjoy trading cryptocurrencies and will never get tired of making money since the robots do all the thinking and trading. Yours is only setting it up and collecting the profits thereafter.
The term could easily be confused to mean a general automated system for trading cryptocurrency but that is not the case. Automated Crypto System is the name of a cryptocurrency trading robot, which was launched just the other day. Actually, it has turned to be one of the most effective crypto trading bots to be developed.
It claims that it was developed by a person called David Richmond, an expert developer in cryptocurrency field.
Whilst we would recommend you staying away from the above robot, there are robots that are trustworthy. Below is a step by step of Bitcoin profit, a robot that we have tried and tested and found that it is not a scam. Signing up to this robot is simple, it consists of 3 steps; signing up, depositing and the start trading! The instructions below will give you more information, you can click the link below to get started.
Registering is easy, you’ll need to fill out your name, email address, phone number and then set a password. Signing up is completely free, click the link below to get started. Once signed up, you’ll receive a confirmation email and will need to verify your account.
Once into your account, hit the deposit button to get started. You will need to deposit the minimum amount, which is $250, and we’d recommend not going over this on day 1. Start small and grow. Bitcoin Profit offers several payment methods, with card payments being the most popular.
Once you have funded your account, you will need to decide the trade settings you intend to use. This includes managing your risk by determining your stop loss and take profit limits. You can also decide which cryptocurrencies you want to trade and how many you want to trade at once.
This is the question at the back of the mind of every crypto trader whenever he or she encounters a new crypto trading robot; is it something that is legitimate or will it end up being another scam? And for sure you cannot avoid asking yourself such questions since there are very many scammers out there and if you are not careful you may end up in the hands of one.
Actually, before falling for any crypto bot, take your time to research about it. Know what the other traders feel and say about it. Read through the reviews and try to clarify whether what is said in the reviews is true or false.
For the Automated Crypto System, we could not quite guarantee that it is a legitimate crypto bot. There is little feedback from traders about it and it would premature to term it as a legitimate crypto bot.
The Automated Crypto System claims to trade Forex in addition to trading cryptocurrencies.
The platform is integrated with Option24 broker, which is a Russian Forex trading broker. By using a forex broker, it is quite unsure if the crypto bot is really optimized for cryptocurrencies or just forex pairs. Remember, cryptocurrencies are more volatile than forex markets and they require special trading robots that are more agile.
According to the developers, the system is designed to analyze the markets for probable signals every minute. Therefore, every minute the robot should generate a trading signal and then go ahead to place a trade respectively. This makes it a scalping robot which works well for Forex market though it is not confirmed for cryptocurrencies.
The developers also do ahead and claim that the bot also takes into account the fundamental analysis of the markets.
From these deliberations, we would recommend investing your money with another crypto bot if you really want to make money from cryptocurrencies.
Since we could not confidently prove that the Automated Crypto System bot is surely profitable when trading cryptocurrencies, we would recommend registering with a more recognized crypto bot like Bitcoin Loophole.
Bitcoin Loophole is a verified crypto bot. below is a step by step guide on how to invest with it:
Unfortunately, we could not recommend the Automated Crypto System crypto bot as a legit crypto bot 100%. It seems to be too much into forex trading and there are doubts that it could really survive in the crypto world.
However, we recommend opening an alternative account with a trusted crypto bot like Bitcoin Loophole among others.
Whilst we would advise you staying away from this robot, check out our favourite robot or choose from other alternative robots below.