Bitcoin robot providers always advertise their bots as excellent money generating apps. However, the experienced traders can tell you that a genuine crypto bot will not make too much in a day since it emulates the same trading strategies employed by the human trader. The only difference is that a robot is more efficient, it is not affected by emotions and it is quick in executing orders.
Novice traders find themselves confused by the empty promises of most crypto bot of automatically generating thousands of dollars per day just like that. And very many new crypto bots are using such advertisement techniques. If you do your research, you will come across platforms like Bitcoin Money that promises their users easy trading life with lots of money for free.
Is Bitcoin Money legit? Or is it a scam?
It is always very important, to carry out research about crypto bots before investing your money with them. However, for some of them like Bitcoin Money, this could be quite difficult since there is very little or no information about them on the internet.
The fact that it was difficult to find the official website of the Bitcoin Money platform is a signal that this crypto bot could be a scam. There is a probability that the platform had surfaced sometimes back and several traders made deposits with them and then the website mysteriously vanished from the internet. However, since we don’t want to judge it too early, we still hope that its website is still somewhere on the internet since it would be very unfortunate to fraud traders like that.
But all in all, it would be advisable to find an alternative bot instead. Do not invest your hard earned money with a bot that you are not sure about.
How does Bitcoin Money Work?
For any crypto bot, it is also very important to understand the logic behind the trading algorithm. A genuine trading bot will always stet that it is based on such and such trading strategy or on such and such technical indicator or fundamental analysis. A crypto bot cant jus promises you free money whereas it doesn’t tell us how it is able to make that money.
And there are better alternatives to Bitcoin money that you can invest your money with. There are crypto bots that have been proved by traders and found to work and they are profitable.
Want a Bitcoin Money account? Consider getting an alternative!
There is currently no Bitcoin Money website where you could even sign up and this makes it completely impossible to get a bitcoin money account for even testing the bot. But all is not lost!
If you really needed a crypto bot, you can try the Cryptosoft platform. Cryptosoft is a proved crypto bot that has helped many crypto traders in making extra profits and it would be good for you. Below is a step by step guide on how to sign up, fund the account and even start auto trading on their 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.