Any crypto trader would love to have software that can automate the trading experience for him or her. It is a nice experience earning money, no matter how small the profits can be, without applying any effort.
With the right crypto bot/robot, the trading experience can be great fun. The bot analyses the crypto markets for you, identifies the correct entry points and generates trading signals and also goes ahead to place the respective trades. If the generated signals was a sell signal, the bot places a sell trade and vice versa. Also, the bots have a mechanism for closing the opened trades. Therefore, the work of a trader is just sitting withdrawing the profits may be at the end of the day, week, month or year.
However, it is worth noting that not all crypto software or platforms found on the internet are crypto bots. Some are just mere exchange platforms. Those who are experienced must have come across names like Bitcoin Code, Cryptosoft, crypto Capital and the like. The main challenge is normally distinguishing which is an exchange and which is a crypto bot.
Also, even when they are crypto bots, you should be careful to avoid scams. Nowadays, there are too many scammers out there waiting to prey of novice traders.
Many may confuse Crypto Capital for a crypto bot but in actual sense, it is not. Crypto Capita is an online financial institution that deals with fiat banking using cryptocurrencies.
It allows users to deposit funds in the form of fiat currencies like the US dollar, Japanese Yen and any other and then they can use the fiat money to buy cryptocurrencies of their choice.
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.
When looking for a crypto bot, it is always very important to get a genuine platform. There are many scam platforms/websites on the internet and if you are not very careful, you may end up in their hands.
That is why you should do a lot of background checks to find out what a platform offers before jumping in to cash with them.
Crypto Capital is not a crypto bot and we could therefore not verify if it a legit or not. We would recommend looking for a crypto bot platform instead.
Though Crypto Capital isn’t a crypto bot, it could be worth knowing how it operates.
To access the services of the Crypto Capital platform, you will have to sign up with them first. Then you will have to complete the KYC/AML verification and then proceed to deposit your money. The deposits are made in the form of fiat currencies.
Then with fiat money in your Crypto Capital account, you can purchase cryptocurrencies from a variety of crypto exchange platforms that Crypto Capital has partnered with. You can also move currencies between exchanges.
Therefore, if you require a crypto bot, we would advise that you look for an alternative platform that offers proven cryptocurrency trading robot services.
Since Crypto Capital is not an automated cryptocurrency trading platform, we recommend going for Cryptosoft which is a genuine crypto bot.
Cryptosoft has been in service for quite a while and there has not been any complaint against its services.
Whilst we would advise you staying away from this robot, check out our favourite robot or choose from other alternative robots below.