The thought of making money freely without struggling much in the cryptocurrency field has thrilled most crypto traders to the point that almost every trader is now looking for a crypto trading bot. However, due diligence should be taken to avoid falling into the hands of scammers.
If you Google crypto bots, you will surely come across very many crypto bots and most likely you will come across the name Crypto Advantage.
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’.
But apart from this eBook, it is hard to say if this trading bot is genuine or not. In this review, we shall look deeper into it and give a final verdict.
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.
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.
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.
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.
The question of a crypto bot being legit os 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.
On that note, we have undertaken to find out if Crypto Advantage was a scam or not. And unfortunately, this bot most likely seems to be a scam given the fact that you can hardly even get their official website. We hope that the website is somewhere hidden on the internet rather than it being closed probably with some traders’ investments. 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 is quite farfetched.
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 download and install in your PC and Android mobile devices. However, their android application doesn’t appear to be listed in the App store.
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 investors/traders and especially the novice traders. For instance, by Crypto Advantage having the name ‘advantage’, it could make traders think that this crypto bot is more advantageous than others. But upon further research into the bot, you will find out the truth.
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 all the requirements for being a legit trading bot. there were very high chances it could be a scam and that is why we 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.