Autotrading cryptocurrencies have completely revolutionized the way cryptos are traded. With a genuine crypto trading bot, you are guaranteed of daily or monthly profits without having to stress yourself analyzing the crypto market.
However, you need to be extra careful when it comes to choosing a crypto bot since you will be bombarded with a great many of them, and not all products are authentic. In the end, you must exercise your own judgment to discern between the legitimate bots, and the scammers.
BTC Prestige claims to be a crypto bot that has a 92% winning rate. The founders say it can be used to trade almost all cryptocurrencies.
However, we could not find real testimonials or customer reviews to give a real insight into what happens once you open and deposit funds with them. In theory, a crypto bot such as this claims to be, would be built upon an advanced mathematical algorithm that can collect vast quantities market data, and make a trading decision based on that information on behalf of the user. Obviously, this requires not only expert level programming, but a wealth of experience in dealing with the mechanics of financial trading as well. Unfortunately, we cannot be certain that BTC Prestige is designed to this specification, there is no evidence that it is anything more than a means of redirecting traffic toward unregulated brokers.
Sadly, there is no information given on the creator of BTC Prestige. Unfortunate, but unsurprising! As you will read a little further down the review, there is hardly any information given to how the robot functions, which brokers it is affiliated with, or anything else for that matter.
When the creators of a platform ask for cash deposits, but wish to remain in the shadows, we become more than a little concerned. This indicates that they do not want to be accountable for what comes next. There is also no way to trace them back to the broker that you are redirected toward. In our experience, products such as this are nothing more than affiliate partners of unregulated brokerages; extreme caution is advised.
Finding a genuine, trusted crypto bot platform can sometimes be a difficult thing. You will have to comb through several reviews, and scammers write these themselves, with a 'stock' image attached. Also, if the bot has a demo account, you should log in with them and test it first, keeping a keen eye on the type of broker it uses.
For BTC Prestige, everything looks okay until you sign in with them and you realize that it uses an offshore crypto broker. An offshore crypto broker is likely to be rogue and unregulated. This means that you will not have anybody to help protect your investment since it is not regulated by any financial authority. Again, we would expect a new platform like BTC Prestige with no proven reputation to have a regulated broker so that the traders could at least feel their funds are secure. They don't! For us, this company throws up all of the red flags. We would not recommend you hand any money over to them.
At a glance, BTC Prestige looks all fine though nobody knows what happens when you deposit funds with them. We could hardly find real traders who have deposited funds with them.
When you visit their official webpage, you will be met with a pop-up menu requiring you to register for a demo account where you can test the bot account.
The demo account registration is quite easy and just by clicking ‘Register now’, you are in. the next step is choosing the broker. They have 2 options of brokers. However, we found out there is no broker called Auto; the only broker they operate with is Quanto Markets, which is an offshore broker, which is unregulated by any official financial authority.
Although their trading platform may look attractive, we would highly recommend that traders consider an alternative crypto bot platform that deals with a regulated broker instead. Unregulated crypto brokers like Quanto Markets are not safe and if your investment is plundered, you will not have any authority to launch your dispute with. We feel that the only reason BTC Prestige would consider such a 'broker' would be to avoid accountability.
Finding an authentic robot platform is of paramount importance since it determines the potential success of your automated trading, and protects your investment. If you place your cash into the hands of scammers, they will almost certainly take it all. They will either create scenarios for continuous losses or close the website entirely once enough money has been deposited.
That is why we recommend that you consider the Cryptosoft alternative instead of opening an account with BTC Prestige. We found it impossible to verify the authenticity of BTC Prestige, which indicates that it is a scam. Any product that is genuine are always sure to provide the proper evidence, as this is the best way to advertise their company. Therefore, any company unwilling to provide said evidence, are probably incapable of doing so.
Whilst we would advise you staying away from this robot, check out our favourite robot or choose from other alternative robots below.