Bitcoin is the most successful cryptocurrency project around the globe to date and investors are still rushing to invest in it due to its potential. There are even prospects that bitcoin could be adopted by governments in the future to replace paper currencies.
Even despite the recession that is currently affecting it, its value is still too high compared to the rest of cryptocurrencies. And taking into consideration that in 2017 its value had hit $20,000 per coin, then buying it now could translate to huge profits if the coin is to regain its lost glory which it is very much capable of doing.
But trading bitcoin has never been very easy due to the fact that the markets are very volatile. Cryptocurrencies are decentralized digital currencies and thus have no central place where they are regulated. Every user of the cryptocurrency network has a say on the value of the cryptocurrency, which makes the value very fluid.
However, bot developers since they have come up with a number of bitcoin trading bot like Bitcoin bonanza, CryptoSoft, and others, which trade on behalf of the traders and make profits for them.
Is Bitcoin bonanza legit? Or is it a scam?
From the look on the official website of Bitcoin bonanza, it was quite hard to prove that it was a legit bitcoin trading bot. the possibilities of it being a scam are very high since there is scanty information about it even on their website.
How does the Bitcoin bonanza work?
On the homepage of Bitcoin bonanza, it claims that the bot is completely free of charge. However, you will have to deposit some money with an unregulated broker for you to be allowed to use the services of the platform.
Also, investors have been offered a commission for convincing other traders to join Bitcoin bonanza.
From in-depth research, Bitcoin bonanza does not seem to be a serious offer and it could be good is a trader looked for an alternative instead. There are a lot of things that are not adding up from the testimonials to the information on how the account works.
Want a Bitcoin Bonanza account? Try an alternative!
Due to the lack of concrete information about Bitcoin bonanza, it is hard to recommend the robot as a scam and not a scam. For this reason, it would be better to register with an alternative automated trading platform like Cryptosoft instead.
Cryptosoft is an already tested crypto trading bot and it would serve better than Bitcoin bonanza.
Below are the steps to gain access to the Cryptosoft automated trading platform:
STEP 1: Provide personal details
On their official website, you will see a dialog box on the right-hand side where you should enter your name and your email address.
After clicking ‘Get started NOW’, you directed to the next step where you are supposed to fill in your phone number.
After entering your phone number, just hit the ‘Start making $2,200+ a day’ button and wait to be redirected to their trading platform. However, if they do not accept traders from your region, you will not be able to move past this step.
Another thing worth noting is that CryptoSoft has a set number of Traders that can register with them per day and once that limit is exceeded, you will have to wait till next day to register.
STEP 2: open a demo account
If you are allowed access, you should first open a demo account so as to familiarize yourself with the robot and see how it operates so as to make a decision on whether to trust it with your funds or not.
STEP 3: Deposit funds
Once you are satisfied that CryptoSoft is a genuine crypto trading robot, you should go ahead and deposit funds into your real trading account. The only allowed payment methods for deposits and withdrawals are credit cards and bank wire transfers.
The minimum allowed deposit is 250 €.
STEP 4: Activate automated trading
After making the deposit, you should click on the ‘AUTO TRADE’ button at the top to allow the robot to take over trading and make profits for you.