BTC Prestige 2019 Test & Review
Autotrading cryptocurrencies have completely revolutionalized 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 very many names including BTC Prestige and it will depend on your judgment to choose a legit bot and not a scam.
What is BTC Prestige
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.
Our Recommended Robot to Try Out
Whilst we would recommend you staying away from the above robot, there are robots that are trustworthy. Below is a step by step of Bitcoin profit, a robot that we have tried and tested and found that it is not a scam. Signing up to this robot is simple, it consists of 3 steps; signing up, depositing and the start trading! The instructions below will give you more information, you can click the link below to get started.
Step 1: Registration
Registering is easy, you’ll need to fill out your name, email address, phone number and then set a password. Signing up is completely free, click the link below to get started. Once signed up, you’ll receive a confirmation email and will need to verify your account.
Step 2: Deposit
Once into your account, hit the deposit button to get started. You will need to deposit the minimum amount, which is $250, and we’d recommend not going over this on day 1. Start small and grow. Bitcoin Profit offers several payment methods, with card payments being the most popular.
Step 3: Auto-trading
Once you have funded your account, you will need to decide the trade settings you intend to use. This includes managing your risk by determining your stop loss and take profit limits. You can also decide which cryptocurrencies you want to trade and how many you want to trade at once.
Is BTC Prestige a legit crypto bot? Or is it a scam?
At times, finding a genuine trusted crypto bot platform is a hard thing. You will have to comb through several such reviews and also look at various customer/trader reviews to get a real feeling of the crypto bot platform. 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 can turn out to be a rogue broker and you will not have anybody to help 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.
How does BTC Prestige operate?
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 and thus not regulated by any official financial authority.
Although their trading platform looks very attractive, we would highly recommend that traders should think of an alternative crypto bot platform that deals with a regulated broker instead. Unregulated crypto brokers like Quanto Markets are not very safe and in case of anything, you will not have any authority to launch your dispute with. And we think this is the reason BTC Prestige chose to use Quanto Markets.
Finding a genuine crypto bot platform is very important since it determines the success of your automated trading. If you make a mistake and land on the hands of scammers, they will end taking all your money either by creating scenarios for you to make continuous losses or by closing the websites once enough traders have deposited money with them.
That is why we recommend that you consider the Cryptosoft alternative instead of opening an account with BTC Prestige since it was hard to determine whether BTC prestige is a fraud or not though there are very many signs indicating it could be a possible fraud.
Whilst we would advise you staying away from this robot, check out our favourite robot or choose from other alternative robots below.