The rise of Bitcoin and other cryptocurrencies has led to widespread adoption of digital assets in various aspects. But most importantly, traders have found a new front for making money.
Contrary to the past where traders could only buy, store and resell the coins at a higher or lower value, nowadays traders are able to trade CFD cryptocurrencies. Many brokers have come up in support of the CFD cryptocurrency trading.
However, the real game changer was the introduction of automated trading in cryptocurrencies. Though different from other financial market automated trading, traders have embraced it.
Automated cryptocurrency trading gives the crypto traders a peace of mind especially since cryptocurrencies are very volatile and analyzing them can be quite hectic. With automated trading, the robots do all the market analysis and also proceed to place and close order on behalf of the trader. So the trader is able to earn money without doing anything at all.
However, not all automated trading service providers are genuine. Some are just scammers posing as crypto bots, whereas they just after traders’ money. Therefore, traders have to carry out a thorough research about the crypto bots they want to invest in. We have done a research and compiled a review of One Bitcoin a Day automated crypto trading service provider, so as to shed more light into it to understand if it is a scam or a legit crypto bot.
One Bitcoin a Day is a new cryptocurrency trading platform that claims to offer automated crypto trading services. It was created by a developer by the name Justlin Hagan and launched in 2017.
The website claims that it can make a cool $195,000 in a month. Though this figure seems quite exaggerated, let us find out whether it is a legit crypto bot or just another scam.
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 on the legitimacy of any cryptocurrency trading robot is very crucial and every trader should first undertake to determine if crypto is a scam or not before taking any further step. Investing in a scam will automatically result in the total loss of your funds.
Before signing up with any program, it is always very important to go through the terms and conditions even after going through different reviews on the internet. The terms and conditions will give you a clear understanding of what you are signing yourself into. One Bitcoin a Day clearly states in its Terms and conditions that the video it uses for an advertisement does not reflect the exact facts about the software but rather for advertising its 3rd party signal trading software. This by itself is a clear sign that this platform is not to be trusted at all.
Also, if you follow the system well, you will realize that it is too much into forex and binary options trading and not in cryptocurrencies. And there is no use going for a system that does not specialize in cryptocurrencies. Cryptocurrency trading is special and its robots are different, a robot that purports to do both crypto trading and Forex or Binary Trading will in most cases end up to be non-profitable in crypto trading.
We could also not locate its website by the time of publishing this review. As a result, we cannot guarantee that the system is still operational or not.
Therefore, if you are looking to invest your money with an automated cryptocurrency trading service provider, it would be good to find an alternative instead of investing in a platform like One Bitcoin a Day which you are not certain of.
There is very little information about One Bitcoin a Day out there. Actually, the only information we could get is that it can make a maximum of $200,000. The process of getting such a huge amount is not outlined.
But any trustworthy crypto bot should not hide information from its prospective customers. Since there is nothing to hide, it should be open as possible for any probable investor to see. But if a crypto bot is as secretive as One Bitcoin a Day, then there is a lot of suspicion about the whole system.
When investing your hard earned money, you don’t want to gamble with a system like One Bitcoin a that you aren’t sure of its services or how it operates. it is always good to go for crypto bots that have been tested and proven to work. And there are quite a number of them with CryptoSoft being a good example.
Investing in cryptocurrencies comes with lots of risks and don’t add the risks by choosing a scam crypto bot. Always do your research and go through reviews like this to find out about your crypto bot.