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Automated trading is quickly becoming a feature of the trading market. Many people are keen on tapping into the benefits that auto-trading tools can offer towards improving manual techniques. In the crypto space, trading robots like Crypto Profit have attracted a lot of attention, with this one claiming to offer the most advanced system.
However, there are concerns that some of the tools on offer are nothing but scams that rip-off unsuspecting traders. That's why we have dug deep for this Crypto Profit review to establish whether it is legit.
What is Crypto Profit?
Crypto Profit is an automated trading tool that uses powerful AI-driven technologies to allow for high-frequency trading on cryptocurrencies. The system is said to automatically gather market data, analyse it and then select winning positions out of thousands of trading opportunities every other second. With this crypto trading robot, even ordinary people are said to have the chance to trade like elites.
Who's Behind Crypto Profit?
Crypto Profit was reportedly created by a team of former elite Wall Street traders who saw an opportunity in crypto after the emergence of Bitcoin and other cryptocurrencies as an asset class a couple of years back.
Apart from being experienced traders with a winning formula, they were also top developers at two leading Big Tech companies. That explains the power behind the crypto bot with advanced technologies complementing market knowledge to lead to a system that ordinary folks can use to automate their trading.
As part of the recognition of the team, several world-class brokers have reportedly sought to partner with it.
How to Use Crypto Profit
Step 1: Registration
Registering for an account on Crypto Profit is free and takes less than ten minutes. The process begins with a prospective client visiting the robot's webpage. The account creation interface is clearly visible, and all you need is to fill the registration form. Details needed include name, email, and contact. Once you fill in the information, you can proceed to create an account. The robot will then redirect you to a page linking you with an affiliated broker. A simple verification process will follow, with you then connecting a bank account for deposits and withdrawals.
Step 2: Make a Deposit
The next step is to fund your account. Crypto Profit deposits are done in conjunction with the partner broker you were connected to during the registration process.
You have to deposit a minimum of $250 into your account to start trading as per the site. Supported deposit methods you can choose from include wire transfer, credit card (Visa and MasterCard), Skrill, Neteller and WebMoney. You can also load up your account using Bitcoin and Ethereum.
Step 3: Demo
Once your account has the funds, you are ready to start trading. Crypto Profit offers access to a dedicated account manager whose role is to help you understand the robot's features and how to use the platform.
For new users, the advice is to begin by trying out demo trading. A demo account allows you to familiarise yourself with the bot and trade using virtual funds. Here you can experiment and learn before committing your hard-earned money.
Step 4: Start trading
Once you feel ready to start, toggle to the live account page. Automation means live trading you only need to press a button to start with default settings. However, remember you can look at your risk management settings and adjust them as you go. For a better experience, Crypto Profit advises its customers to access their free guide on how to use the robot's live trading feature.
Key Features of Crypto Profit
Crypto Profit reportedly offers several benefits to its users. Here is a review of some of the top features that make it stand out and worth looking at.
Crypto Profit claims to offer clients a chance to earn significant daily profits, trading on leverages of up to 1:1000. User testimonials we came across and from credible reviews appear to suggest the same thing, with claimed average returns of 50% or more on the initial deposit. The payout minus the commission is apparently sent directly to users' accounts, from where it can be reinvested or withdrawn.
The verification process on Crypto Profit takes five minutes for email and phone verification. Additional KYC measures are undertaken by the affiliated broker, who might demand that you provide a valid government ID. While such measures might appear bothersome, it's notably a requirement for all financial services providers.
When you register for an account, confirming your identity reportedly is mandatory before you proceed to trade and withdraw any earnings. While Crypto Profit says the process is fast, user reviews have shown that ID verification can sometimes take up to 24 hours.
Crypto Profit has information on its website assuring users that personal data used on the website and in verification is secured with SSL encryption and is never shared.
The Withdrawals Process for Crypto Profit
Withdrawals are free on Crypto Profit, with users allowed unlimited withdrawals that can be initiated any time of the day. All a client needs to do is go to the withdrawal page and fill out a form. All withdrawal requests are reportedly processed within 24 hours, with money sent directly to the user's bank account.
Costs and Fees
Crypto Profit offers its proprietary robot software license-free. It means customers don't pay to use the trading software. Everything from account opening, to deposits to withdrawal, is free. Crypto Profit claims to make money from the commission charged on profitable trades and from the affiliated broker whenever new customers make deposits.
It is however reported that they could start charging fees for account opening (license fees) soon. But until then, it appears accessing and using the robot is absolutely free.
Customer services are available 24/7 via live chat, phone, and email. Support requests made via email can take up to 48 hours. There is also a FAQ page that offers a lot of information about the robot and how it works. Overall, user testimonials and online reviews provide feedback that shows the Crypto Profit support team is professional and highly responsive.
Crypto Profit connects its customers to partner brokers from across the globe. These trading and financial services providers are required to be registered and regulated by regulatory agencies like the FCA, CySEC and ASIC. While the assurance is there that these are regulated entities, it is still paramount that you do a thorough check on the provided broker before you proceed in case a dispute arises concerning your deposits.
Is Crypto Profit a Scam?
The crypto sector can be a minefield of scams, and that's why it is important to establish whether Crypto Profit is legit. We scoured through thousands of reviews and numerous user testimonials and found that most of them give this trading robot largely positive feedback. Users are reportedly satisfied with the transparency of the team, the responsive customer support, and the safety measures in place.
Most users have also cited the trading tool's powerful algorithms, reliability and use of regulated partner brokers as positives. These factors appear to add to this platform's assertion that it's legitimate.
Users can therefore look to leverage the Crypto Profit trading bot to automate most of the arduous crypto trading tasks that make manual trading feel too demanding. It is also advisable to note that crypto trading carries risks, and losses can occur.
5 Reasons to Use Crypto Profit for Trading
As noted above, customers can use Crypto Profit to complement their manual trading strategies. Here are 5 reasons why you should try this robot for trading.
1. Intuitive User Interface
Using Crypto Profit is easy and fun because of a highly intuitive user interface. While some sites look to wow users with flashy designs and complicated graphics, this robot has a simple look. You won't feel lost but instead, benefit from a user-friendly site that is easy to navigate. Most actions are automated, but where manual input is required, a simple press of a button gets you to all the key features and functionalities.
2. Boasts Market-Leading Win Rate
Crypto Profit reportedly has the best auto-trading robot in terms of win rate. Using the tool correctly is said to consistently offer winning bids of 98% based on online reviews and user testimonials. This likely works because of all the technology that is associated with the robot—AI, Machine Learning and Natural Language Processing. These are advanced technologies that could contribute to laser-accurate predictions of market trends and thus improve performances.
3. Faster than Manual Trading
Crypto Profit claims to have the capacity to capture every second of price movement in real-time, often identifying bets that manual traders often miss. The Crypto Profit bot is said to offer an extremely fast trading systems with highly advanced algorithms. Since it performs at ultra-fast speeds that are always ahead of manual systems, the robot can be used when trading highly volatile assets like cryptocurrencies whose prices can swing severally within seconds.
4. Smart Analytics
Automation offers accuracy, which is very much down to Smart Analytics and how fast auto-trading tools work. Crypto Profit can scan markets and gather unique trading insights within seconds.
Its advanced technologies like Artificial Intelligence and Machine Learning allow it to gobble troves of data, including reading news and other event-related information to gauge sentiment and the likely impact on trades. The smart algorithms are then able to pinpoint the best trading positions and can place hundreds of trades within seconds. Such capacity can greatly improve a crypto trader's performance in the market.
5. Remove Human Error
If you sought advice from an elite trader, then you probably will be told to remove human emotions from your trading. In short, you need emotional discipline when trading. Fear, greed, hope, and despair are normal human emotions. But in trading, not knowing when to keep them in check can be the reason a successful trader turns into a sore loser. Traders know this and are leveraging Crypto Profit to remove the potential for such human errors from their trades.
Advantages and Disadvantages of Crypto Profit
Crypto Profit: Our Conclusion
One thing that you are likely to notice if you decided to find more about Crypto Profit is that the robot features positively in most reviews online. Users who attest to the robot as being a legitimate platform point to features such as no fees, easy withdrawals, and the use of regulated brokers.
Traders say the robot's powerful trading system that is powered by the latest technologies gives it an edge over competitors as a great tool to use in crypto trading. This last point deserves a rejoinder—that trading CFDs is an inherently risky practice. You, therefore, need to understand the risks, learn all you need about crypto, and be ready to invest the money that you can comfortably afford to lose.
Maybe you are looking to compare Crypto Profit to other reportedly legit auto trading robots in the market. If so, here are three top alternatives to check out: Bitcoin Trader, Bitcoin Champion, and Bitcoin Evolution.
Frequently Asked Questions
Several online reviews and user testimonials allege that Crypto Profit is an authentic trading robot.
The official Crypto Profit website claims Crypto Profit users need to spend only one hour on the platform per day.
There is no right answer to this question, but we can say that your chances of earning a good income increase by understanding the dynamics of the crypto market, keeping abreast of market news and insights, and mastering the use of the trading robot.
Crypto Profit comes with a demo feature aimed at helping users to better their crypto trading skills through constant practising. Ensure that you make great use of this feature. Additionally, you should set personal goals and set up the software accordingly.
Crypto Profit’s website claims it collaborates with reputable brokers from all over the world. Be that as it may, our opinion is that you should check out the regulatory status of the broker that the software assigns you, just for precautionary measures.
No. Crypto trading entails high speculative activities, which diminishes any guarantees that the trading robot could give regarding income.
Yes. Visit our robot hub to view robots we have previously reviewed.
No. Our research uncovered a number of claims insinuating that Crypto Profit enjoys celebrity backing, which we determined as spurious after hours of fact-finding missions.