The thought of making money freely without struggling much in the cryptocurrency field has thrilled many investors to the point that almost all are now looking to a crypto trading bot for the solution. However, due diligence should be taken to avoid falling into the hands of scammers.
If you Google crypto bots, you will surely come across a whole host of platforms that claim to be capable of automating your trades, and one of these listed may be Crypto Advantage. Here, we will review how Crypto Advantage measures up to other robots.
Crypto Advantage claims to be a cryptocurrency trading software that automatically trades on behalf of traders. It has a new landing page where it is giving away a free eBook titled “The Ultimate Guide to Crypto Currency’.
We found that this eBook was more of an online sales pamphlet, describing huge and unrealistic margins of profit for investing in cryptocurrency. It is our experience that authentic trading bots do not typically give away free pamphlets. Instead, they should offer professional services, comprehensive educational resources and 'Demo' accounts that allow their customers to familiarise themselves with the software. In this guide we will examine the Crypto Advantage platform and attempt to discern if it is authentic, or whether it is a scam that is best avoided.
One of the factors causing reasonable doubt about this robot is the lack of information about its founders or the company behind this software. When trying to find data on the website, we find ourselves in a limbo of misinformation which causes many doubts about the veracity of this software. Also, there is no adequate contact form to solve any inconvenience or query.
The question of a crypto bot being legit or a scam will always ring in the minds of traders looking to invest in automated cryptocurrency trading. However, this is not always a simple question to answer. It will require a lot of information gathering, analysis and even testing of the actual crypto bot to find out if it is genuine or not.
To save you some time and energy, we have undertaken the task of ascertaining the authenticity of Crypto Advantage. And unfortunately, this bot likely seems to be a scam given the fact that you can hardly even get their official website. We fear that the website has already been closed or renamed, probably with a stack of investor's money. We would strongly advise looking for an alternative crypto bot if you want to do automated cryptocurrency trading.
Crypto Advantage bot claims to give traders the advantage they require to make profits in cryptocurrency trading. It promises profits of up to $100 per hour, which we feel is completely unrealistic.
Contrary to most other crypto bots which are found in the form of web platforms, Crypto Advantage comes as a downloadable software which you will have to install on your PC or Android mobile devices. However, their android application is not listed in the App store. You would therefore have to allow applications from 'Unknown Sources' in order to install it. Any developer would tell you that this is a bad idea, as it allows an opportunity for your private data to be stolen.
Its application platform works as a binary options trading platform. It uses call/put functions. If you open the application you may find that an asset like Bitcoin has a 70% call recommendation and a 30% put recommendation. And these recommendations are said to be based on the average opinion of all traders. We found this to be an absurd way of generating signals and we cannot recommend opening an account with this crypto bot.
Sometimes, the names of crypto trading robots could confuse people, especially novice traders. For instance, by Crypto Advantage having the name ‘Advantage’, it could have traders assume that this crypto bot is more advantageous than others. This is a basic marketing technique and nothing more. We find nothing advantageous about having your money stolen, which the designers of this program may intend to do.
That is why it is always paramount to dig deeper into a crypto bot before making a decision to invest your funds in it. Upon doing some research on Crypto Advantage, it did not meet the requirements we have in place that qualify it as an authentic trading bot. There is too great a chance that this is a scam, so we would recommend signing up with Bitcoin Loophole for those thinking of getting a crypto Advantage account.
Whilst we would advise you staying away from this robot, check out our favourite robot or choose from other alternative robots below.