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.
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.
Want a BTC account? Try an alternative!
Instead of investing your money with a crypto bot that uses an offshore crypto broker, you could choose to open an account with Cryptosoft, which has been tested for several years and found to be a legit auto trading platforms for cryptocurrencies.
To access the services of Crypto bot platform, you will have to go through the following steps:
STEP 1: Registration
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.