If you are a cryptocurrency trader, you have probably come across the Bitcoin trader bot. but, you should be very careful with such software since there is another platform with the same name but a different logo. In such a case, it is difficult to know which is genuine and which is a scam. Though both of them could still be scams.
As a crypto trader, you should be very careful when it comes to choosing a trading bot especially with the numerous bot service providers in the market today.
Is Bitcoin News Trader legit? Or is it a scam?
It is disappointing to note that it is difficult to investigate the Bitcoin News Trader especially due to the fact that there are two robots with the same name. Nevertheless, you should not get worried, there are a variety of alternatives with which you can open accounts.
It is very serious business when it comes to choosing a genuine crypto bot. There are very many bot service providers around the internet and Bitcoin News Trader is just one of them and you should do all that it takes to determine if the crypto bot that you want to use is not a scam but a genuine software/platform for automated trading.
How does Bitcoin Trader News work?
According to the developers, the Bitcoin Trader News platform automates the collection and analysis of cryptocurrency news.
After analyzing the market news, the robot is expected to place orders and also close the trades depending on the signals generated.
It would be wonderful to have a platform that can analyze crypto news and trade the news. However, it is disappointing since it is quite hard to determine if this robot is a scam or not given the scanty information available about it. That is why we propose signing up with Cryptosoft bot, which is a proved automated crypto trading platform.
Want a Bitcoin News Trader Account? Get an alternative instead!
Given the fact that we cannot confidently say whether Bitcoin News Trader is a scam or not, we would advise choosing an alternative instead. The best alternative to signing up with is Cryptosoft automated trading platform.
Below is the step by step guide on how to register, deposit and automatically trade on the Cryptosoft 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.