The crypto market is very volatile but at the same time very interesting to trade. In cryptocurrencies, anything can happen and the risks of trading are far more than in any other financial instrument trading. However, developers have come up with cryptocurrency trading robots like Bitcoin hack and Bitcoin Trader and traders cannot help themselves from falling for these bots.
But on the same note, it is hard to determine which provider offers genuine crypto bot and which ones are scams. It will require thorough research. Many of these crypto bots are being advertised with very high-profit expectations. Some will even promise traders tens of thousands of dollars per day. But the question is can they really have such returns.
Its website is quite elusive and hard to locate on the internet due to the fact that it closely shares the name used to search for bitcoin hacking related content.
Bitcoin Hack bot promises endless profits of free cryptocurrency. It states that its users can make a minimum of $1,261 every week a year.
Data from the founders of Bitcoin Hack has been completely impossible to get. When we did a web search, we couldn't find any information about the team or the company behind this robot. This and the lack of other general data about this tool raises doubts about the veracity of Bitcoin Hack.
It is quite easy to fall prey to bitcoin bot scams on the internet. If not careful, you may find your greed for making an extra coin leading you to deposit money with a bitcoin scam like Bitcoin Hack and at the end, you end up losing all your hard earned money.
There is very little about Bitcoin Hack on the internet for one to really trust the bot. Even finding its official website is a problem.
Interested investors should take a little time to compare other tested and profitable crypto trading bots like Bitcoin Trader.
All crypto robots seem to have some similarity in that they all do the background analysis of the market and then place and close trade automatically for the trader. For genuine crypto bots, this process is done in such a precise manner and they follow certain technical analysis or fundamental analysis principles to determine whether to place trades or not.
In actual fact, a legit bitcoin bot like Bitcoin Trader will make a number of small trades a day and at times some of the trades may end up making losses. But as long as there are more profitable trades than loss-making trades, the crypto bot can be classified as a profitable trading bot.
Also, every crypto bot is based on a specific trading algorithm. However, it is hard to identify which algorithm the Bitcoin Hack uses since there is very scanty information about it.
Since it is difficult to classify Bitcoin Hack as a legit crypto trading bot, we would prefer that you choose to open an alternative bot trading account with a crypto bot like Bitcoin Trader.
Below are the steps of opening and funding a trading account with the Bitcoin Trader crypto bot platform:
If you visit the official Bitcoin Trader website, you shall notice a dialog box on your right-hand side where you are supposed to fill in your names, email address, phone number and also set your password. Then press ‘SIGNUP’ button to get an account.
However, there are countries from which Bitcoin Trader do not allow traders. If you are from one of those countries, once you click the signup button, you will see a notification at the bottom saying your country is not supported and you cannot go past this step.
Once you get an account, you will have to activate the account by depositing a minimum of 250 €. There are a number of payment methods that you can use but credit cards are the most commonly used methods.
Your account dashboard will look like the one below through the balance there will reflect what you deposit.
After depositing funds into your account, the next thing that you should do is to activate the auto trading mode so as to give Bitcoin Trader bot the authority to place and close trades.
It is always important to go for a legitimate crypto trading bot such as Bitcoin Trader. The choice of trading robot greatly determines your success in automated cryptocurrency trading.
One of the factors to consider when choosing a genuine crypto bot is the availability of information about the bot. There should be nothing secretive about the bot. Also, look at the reviews of fellow traders to find out what they have to say. Do not depend on the testimonials on their website very much since much of that is for advertisement purposes.