Best Bitcoin Robots
Just like stock markets, the cryptocurrency trading market never stops its trading; trading happens all the time. There is a very tense moment for the traders as a small mistake would cause substantial profits or losses in their trading. This is the place where cryptocurrencytrading bots come in. As the cryptocurrency market responds to volatility, using robots to trade can always be responsive and it can also make changes effectively when it matters, one such example is Bitcoin Robot.
What is a Bitcoin Robot?
Bitcoin Robot can be explained as a computer program that is powered by smart algorithms made from the trading strategies that are used by professional Bitcoin Traders. Moreover, most of the Bitcoin Robots are invented by pioneers in crypto trading, who have allegedly made billions by trading with Bitcoin. These pioneers automate their trading strategies by coding them into a computer program. The main objective is to make the computer program conduct trading on behalf of the traders.
Besides, Bitcoin Robots are usually 100% automated high-frequency trading platforms. This implies that traders do not require any knowledge or skill to trade with Bitcoin Robots. Bitcoin Robots remove the difficulties that are involved when trading or buying Bitcoin manually. Also, they eliminate human emotions like greed and fear during trading. Earlier, Warren Buffett who is considered as a value investor, said that greed and fear are the biggest hindrances for successful trading.
By using the latest technologies like Artificial Intelligence and Machine Learning and Natural Language Processing, Bitcoin Robots would be able to read the human language; which means they can trade with an accuracy level of up to 99.4%. One should keep in mind that this percentage does not mean that the robots are free of risks. A small miscalculation can lead to huge losses and therefore the trader should take necessary precautions before they start trading in automated platforms.
How does Bitcoin Robot work?
Bitcoin Robots trading methods include short selling, a method that enables the users to speculate on rising and falling prices. This implies that the traders can still generate earnings even if the markets fluctuate. Besides, these best Bitcoin robots rely on artificial intelligence and Machine learning, which enables the bot to adapt themselves to the changing market conditions. Below given are the few pointers regarding working of Bitcoin Robot –
Bitcoin Robot researches trading on behalf of traders and after conducting trade research, it comes up with insights which it passes to the partner broker system.
Bitcoin trading robot partners with regulated brokers and the role of these partner brokers is to place the trades sent by the robot. Further, the partner broker identifies the trading signals and executes the orders. Usually, Bitcoin Robots partnered brokers depend on advanced trading systems to ensure immediate order execution.
One of the most important roles of the partner broker is to receive deposits to facilitate transactions. Bitcoin Robots are not registered as a financial institution and therefore lack the legal mandate to receive deposits from the traders; hence they depend on their partner brokers to receive funds and to facilitate transactions.
Bitcoin Robots should work with regulators. The role of the regulator is that it regulates all the brokers. It asks the brokers to segregate their client funds and submit reports on how these funds are being used. This makes sure that no robot or broker can misuse their client’s deposits. With regulators like ASIC and FCA, traders can have the guarantee that their money is safe.
Bitcoin Robots use leverage to maximize earning potential. Also, robot brokers provide leverage to enable traders to place trades by using a minimum deposit. Bitcoin Robots offer leverage of up to 1:5000; this implies that the traders can trade on positions worth up to 5000 times their capital.
What are the Features to be considered when choosing Bitcoin Trading Robot?
When choosing a Bitcoin Robot few features are to be considered. Below given are the few pointers to choose the best Bitcointrading bot –
One of the most important features while considering a Bitcoin trading robot is its reliability. This is very important because, for every business that goes online, trust is an important element of success. The company offering automated trading bot should be trusted by the traders to start trading on this platform.
The platform offering automated trading should be very transparent while dealing with their investors. The traders invest their hard-earned money in the Bitcoin trading platform and in return the company should be offering transparency in all their operations.
Aside from reliability and transparency, the company should also offer profits to its investors after executing their trades. It is meaningless for a trading company to be trustworthy, but does not provide maximum returns for its traders.
One of the most important features while choosing the best Bitcointrading robot is, it should offer a good overall experience, like it should offer several trading strategies and it should offer customizable bots. The trading strategies offered by the platform should help the user in getting more profits when trading on their platform.
The trading platform offered by Bitcoinbots should be easy to use for people who do not have skills or knowledge in Bitcoin trading. The trading platform should make life easier for the traders to start trading with Bitcoin in their platform.
The Bitcoin Robot should offer security for its traders. Even though Bitcoin is rather a secured cryptocurrency, it does not stop people from hacking the account by using innovative technologies. Eventually, the trading platform should consider the security of the robot before using these automated tradingrobots. The companies should offer high levels of security to their traders.
Advantages of Bitcoin Trading Robots
Minimization of Human Errors
With the extensive use of cryptocurrency trading robots, human errors are minimized and eliminated. As a consequence, this improves accuracy. Besides, the trader can adjust the settings of the trading bots to monitor, analyze and trade several different assets from different markets. Further, these robots can analyze as many cryptocurrencies, as indicated in their algorithms. They can also work with several exchanges the trader wants them to cover. To be more precise, the best crypto trading bots can maximize the profit potential by using a mechanism that is responsive to market fluctuations round the clock.
Humans might take a few minutes to calculate and recover several formulae, while a robot can calculate much faster; sometimes a few nanoseconds which will give accurate results. This important feature is of great use if the price of a cryptocurrency is subject to frequent changes. Automated trading systems can generate orders as soon as the conditions are set for trading. Further, the advantage of using robots is that they can work 24×7 and it is a much faster process when compared to a trader who needs to spend hours on the trading platform.
By using automated trading platforms, they minimize or completely remove emotions as robots do not have any emotions when compared to humans. The traders can stick to the trading plan by keeping their emotions in check. The trade orders are placed directly after the conditions of the trading are met, so the traders cannot trade based on emotions. Automated trading robots helps the traders and it makes sure that a good amount of discipline is maintained to follow the trading plan accordingly.
Disadvantages of Bitcoin Trading Bots
Not Suitable for Beginners
When traders start trading, they tend to make several mistakes. Moreover, the traders learn from these mistakes and better themselves from the experience they have gained. The new traders who are using automated trading robots do not make mistakes and hence they don’t learn anything new. They know how to set up their bots, which is not adequate, as the robot cannot generate good profits without a skilled trading strategy. Also, these robots are highly expensive.
Needs Human Monitoring
Generally, we could say that these robots work all day without interference from humans, which is not true. Ideally, there is a possibility of mechanical failures like connectivity issues, computer crashes, and power losses. These possibilities are harmful because if the internet connection is poor, it will lead to a trade order being lost.
Sometimes dealing with crypto bots will be dangerous because of security issues like, these robots can be hacked and the robot can copy a trader’s important personal data and it can send it to the third party. Moreover, trading robots are growing popular day by day as Bitcoin’s popularity is increasing every day. While several individuals depend on Bitcoin trading robots, more developers are coming up with fraudulent software to hack innocent Bitcoin investors and their hard-earned money.
How to Determine Legit Bitcoin Robots?
To be successful with automated trading robots, it is very important to determine which one is legitimate. Below given is the checklist that as a trader should follow when choosing a trading robot –
One of the most important features is the reputation of the robot. Legit Bitcoin trading robots have a good reputation on several platforms.
Legitimate Bitcoin Robots will operate only in partnership with regulated brokers. Some of the best regulators are ASIC and FCA.
Trading platforms should be more transparent in the operations, they should reveal all the information that the trader needs to know to make informed decisions.
One of the most important features of a legitimate trading robot is, they should offer dedicated customer service to its traders. Their customer service should be available to the trader 24×7 and should be easily reachable to respond to all the queries raised by the traders.
Legitimate trading robots should have an easy deposit and withdrawals process. They should allow the traders to withdraw their profit whenever they want.
List of Top Bitcoin Robots
Below given is the list of best Bitcoin trading robots for 2020.
Bitcoin profit is an automated trading platform developed by John Mayers in 2017. This automated trading software allows users to trade with Bitcoin automatically without needing to control the trades. When an account is created on the Bitcoin Profit platform, the trader should configure it as per the signals and trends that are emitted and Bitcoin profit will do all the work for the trader. Besides, their algorithmic trading is very complicated and the interface on the platform is very easy to use and user friendly.
Let us discuss few important features of Bitcoin Profit trading platform –
Bitcoin profit works similarly just like other trading automated trading robots. This platform claims to have features that make it different from the rest of the trading platforms available in the market. This crypto trading bot is reliable and also very easy to use, as per the review given by traders on its website.
The trading software offered by Bitcoin profit is very easy to use and is very straight forward. This software offers its traders free trading signals and performs the function of purchasing and selling Bitcoin automatically with their chosen broker within the platform.
Bitcoin Profit trading software claims that it can read signals that are received from the market trends and its analysis and establishes a success in various operations. If the trading platform is configured in the right way, the Bitcoin profit platform reports that it will take over and identify the best trading opportunities in the crypto market and make the most profitable trades.
Bitcoin Profit trading software is offered for free and they do not charge the traders except 1% commission on the profitable trades that are executed on the platform.
The minimum deposit on this platform is $250. Moreover, it accepts payment methods such as Skrill, MerchantPay, SafePay, GiroPay, Visa and Master credit and debit cards. The higher amount of money being invested, the higher will be the risk.
Bitcoin Profit offers its traders a free demo account. They can use a demo account before or after their initial deposit. The registration process is very quick and easy; where it can be done in less than 15 minutes. This platform reports a success rate of 90% on its various operations.
The traders can make withdrawals anytime during the day and it makes sure that it is processed within 24 hours. In difficult times it might take up to 3 days for withdrawal, when compared to other robots it takes 10 days to process a withdrawal. Processing a withdrawal within 3 days is quite reasonable.
Bitcoin Profit trading platform offers a dedicated customer service round the clock, and the customer service representatives are available 24×7. They can be contacted through email and chat. They are very professional and friendly and respond to all the queries raised by the traders.
Pros and Cons
Let us see a few Pros and Cons of Bitcoin Profit –
This platform offers high security
A lot of Fake websites
Maintains high confidentiality
No Mobile app offered by this platform
This platform offers a free demo account
The minimum deposit is $250
Deposits and withdrawals are easy and quick
Bitcoin Code is one of the oldest automated trading software that was developed by Steve McKay in 2016. It is also referred to as innovative software that has a laser-accurate performance. Bitcoin Code is one of the most efficient Bitcoin Robots available in the market currently and has a success rate of 93%. Bitcoin Code is a leading popular platform and it is reliable. Bitcoin Code robot is used to trade Bitcoins and other cryptocurrencies. Bitcoin Code claims that it had generated lots of profits for its traders within a short period.
Bitcoin Code offers its traders several important features. Some of them are discussed below –
This platform is suitable for both new and experienced traders and the traders need not have any previous experience in the trading field. Bitcoin Code allows the trader to trade cryptocurrencies with confidence and to make money.
Bitcoin Code trading platform is offered free of cost and the trader need not download any system software or tools to trade on this platform. Further, it is a web-based application that can be used online, therefore, there is no cost involved in procuring the software. The only requirement that a trader needs is a computer device with a stable internet connection.
Bitcoin Code trading platform does not charge any hidden charges or any additional cost from its users. Moreover, there are no broker fees, commissions, or any hidden fees that might take away the profits earned. The trader chooses when and how much to withdraw their money.
The trader needs to allocate a minimum of 20 minutes of their time towards monitoring and setting up of trade conditions. When the conditions are set, the software starts trading on behalf of the trader and achieves great profits.
Bitcoin Code trading platform offers dedicated customer support 24×7. They offer assistance, feedback for any queries regarding trading. The customer support team will help and assist the traders whenever they require their help.
When the trader sets the trading conditions for the robot to trade, the robot performs as per the trading conditions set by the trader. Since there is a lot of volatility involved in cryptocurrency trading, it will affect the performance of the robot and the trader’s return on investment.
As per the user reviews given on the website, Bitcoin Code is a reliable robot that is widely used and trustworthy. Their partner broker has a secure platform and all the data will only be used for trading with their partner broker and Bitcoin Code.
This platform does not charge any additional commissions; apart from those that are already specified. The trader can register on the platform for free and operate it in the same way by using all its functions.
Bitcoin Code platform works through its partner brokers. The major role of these partner brokers is to work for the trader when they are performing the trades automatically. The only requirement of the trader is to set up the settings and click the auto-trade button. Bitcoin trade will start trading on behalf of the traders.
Pros and Cons
Let us see a few Pros and Cons of Bitcoin Code –
Bitcoin Code offers Demo Account
Slow verification process
It offers User-friendly Interface
Customer service needs to be improved
This platform has higher success rates
No Hidden fees and very low commissions
Easy Deposits and withdrawals
Can be used by both new and experienced traders
Bitcoin Trader’s automated trading platform is highly recognized for its accuracy and its laser speed performance. For trading, it uses the latest technology and has a higher success rate of 99.4%. This automatic trading software was developed by Gary Roberts in the year 2017 which reports that it automatically trades Bitcoin, purchases and sells Bitcoin for profit by following the cryptocurrency market trends and executes the automatic trades 0.01 seconds ahead of its rivals.
Bitcoin Trader offers several features for its traders, some of them are discussed below –
Bitcoin Trader offers its traders custom trade settings as an option. This is an excellent feature and several users find this more beneficial. The settings of the interface are very user friendly.
Bitcoin Trader platform offers a demo account which enhances the user-friendliness of the platform. This implies that a trader is not acquainted with the tools and the functionalities of the software, by using this demo account they can start trading with confidence. When the trader feels confident and comfortable with the trading process, they can deposit a minimum amount and start with the live trading.
Bitcoin Trader ensures that its platform is faster in Bitcoin trading and it uses smart algorithms for executing the trades. With the present conditions given by the trader, the buying and selling of cryptocurrencies take place without difficulty, and the trader need not check quite often about their trades.
Bitcoin Trader offers multiple trading indicators and is most popular. This helps the traders to open the right trades. In addition to this, the trading software provides 7 different time frames and improves the trading experience by offering a wide range of trading signals to the traders.
By using Bitcoin Trader, the users can trade securely and safely. This is because the creators of this platform consider the trader’s security and privacy most important. The security is strengthened by using an SSL server, which is HTTPS based and not HTTP.
Bitcoin Trader partners with regulated brokers which are verified and reputable and listed on the platform. This makes sure secure and safe trading on the platform.
The registration process on the Bitcoin Trader is very simple and easy; unlike other crypto tradingbots, it does not ask answers for a list of questions before creating an account. Also, it does not ask bank statements or ID scans. Bitcoin Trader just needs basic account information like full name, email address, phone number and the payment information for successful registration.
The deposits and withdrawals on this trading platform are hassle-free. The minimum deposit on this platform is $250. Transferring money is easy when compared to other trading robots available in the market. For the withdrawals to be processed, they take less than 24 hours and the trader should make sure that they have provided the correct payment methods for deposits and withdrawals.
Bitcoin Trader platform does not charge any fees when compared to other automated trading robots. Besides, there are no hidden fees involved, but this platform charges a registration fee.
Bitcoin Trader offers dedicated customer support and it is very user-friendly. If the trader needs support on any of their queries, the customer support can be reached through email or through chat which is offered on the website.
Pros and Cons
Let us see a few Pros and Cons of Bitcoin Trader –
Bitcoin Trader offers a user-friendly interface
No App is available for Android and iOS
Offers Demo account for its users
This platform is not available for US citizens
Easy registration Process
Trade settings can be customized
Bitcoin Revolution is a leading automated trading platform that was developed in 2017 by a team of established brokers from the Bitcoin industry. Bitcoin Revolution claims that their platform performs trades 0.01 seconds faster than its rivals because of the signals emitted from the market trends. Further, Bitcoin Revolution platform is designed to trade seamlessly by making decisions from the rise and fall of the Bitcoin price. This robot claims to generate thousands of dollars daily for its traders and has a success rate of 88%.
Bitcoin Revolution offers exclusive features for its traders, some of them are discussed below –
Bitcoin Revolution provides free software for their traders, this means the creators of this platform earns more on the volume of the trades executed when compared to the subscription model.
Registration on Bitcoin Revolution is quick and there is no time wastage during approval sessions. When the registration is complete, an account is created immediately after providing specific details like full name, email address, contact number and password.
When compared to the other automated trading robots available in the market, where the withdrawal procedures take 7 days to be processed, but in Bitcoin Revolution, the withdrawals are processed within 24 hours.
While other automated trading robots available in the market have kept the minimum deposit amount very high, Bitcoin Revolution minimum deposit limit is $250 which is quite reasonable.
Bitcoin Revolution does not charge money as registration fees and it does not charge broker fees or commissions as well.
Bitcoin Revolution has a success rate of 88%. This is because it uses a smart algorithm and is 0.01 seconds ahead of the actual market rates in making the trades.
Bitcoin Revolution offers a demo trading account for its traders. They can make use of this demo account practice and familiarize themselves with this trading platform. When they are confident, they can add a minimum initial deposit of $250 and they can proceed with live trading.
Bitcoin Revolution trading platform claims that it offers consistent profits when the user trades on their platform. It also reports that their platform offers consistent profits of $1000 a week.
Bitcoin Revolution offers several cryptocurrencies to trade on its platform. The trader can not only trade with Bitcoin, but they can also trade with Ethereum, Ripple, and Litecoin. Additionally, they can also choose trading pairs like cryptocurrency to cryptocurrency, Dollar or Euro.
The verification system offered on this platform is friendly and safe. Their verification system is based on user information such as full name, email address, contact number, and payment details which are simple instead of complicated documents that are requested by other trading robots.
Bitcoin Revolution trading platform partners with efficient and reputable brokers to carry out trading operations. Their partner brokers are very effective and they have a direct influence on the success of the trades. Their partner brokers are scam free and safe.
When compared to other trading robots that are available in the market, Bitcoin Revolution has “up to 72 hour’s withdrawal” policy, where the trader can request for withdrawal of funds. It is available in their bank account or to their credit card within 72 hours.
Pros and Cons
Let us see a few Pros and Cons of Bitcoin Revolution –
This platform has a higher success rate
No Mobile app
A demo account is available for traders
No Hidden charges
Have good reviews
Bitcoin Era was launched in 2019 and it claims that it brings their traders a daily profit by placing automatic trades. This software was developed by a team of fintech companies. The creators of Bitcoin Era platform claim that their platform performs the trades faster than most of the algorithms and a split second faster than any average trading software. Bitcoin Era is a fully automated trading software which means their users need to configure the trading robot with their settings and click the robot on. When it is turned on the robots will execute trades on behalf of the traders.
Bitcoin Era offers outstanding features for its traders, some of the features are discussed below –
Bitcoin Era trading software offered by this platform is free to use and the brokers they have partnered with are both compliant and regulated. To use this trading platform with one of the brokers, the trader needs to invest a minimum deposit of $250 to get started.
Reviews and testimonials given by the users on their website state that this trading platform performs well and they have a success rate of 82%.
The Bitcoin Era platform offers various cryptocurrencies, apart from Bitcoin, it offers Ethereum, Litecoin and Ripple and several more altcoins. The trader can also trade in BTC/USD or BTC/EUR as trading pairs in this platform.
The process of withdrawals and deposits in the Bitcoin Era platform is simple and easy. The traders can withdraw the money in the Bitcoin Era trading platform which takes between 24 to 36 hours which is hassle-free and quick.
The verification system on this platform is friendly and their verification system is based on the user’s personal information like full name, contact number, and email address rather than asking for complicated documents. The trader needs to submit their ID for withdrawing their profits. The most important feature is the Bitcoin Era trading platform complies with anti-money laundering regulations.
Bitcoin Era partners with safe and efficient brokers and carries out its operations through their brokers. Their partner brokers are well regulated and carry out the trade operations and execute successful trades on behalf of the traders.
Bitcoin trading platform has “up to 36 hour’s withdrawal” policy. When the trader requests to withdraw their funds, it is credited to their bank account or the credit card of their choice in 36 hours.
Pros and Cons
Let us see a few Pros and Cons of Bitcoin Era –
Bitcoin Era offer superior trading algorithms
Have a lot of fake websites
There are no hidden charges in this platform
Cryptocurrencies options are limited
Easy to use interface
No mobile app
Trade settings can be customized
Easy registration and verification process
No broker commission
Currently, cryptocurrency trading is a booming sector and it will be there in the market for the foreseeable future. Besides, Bitcoin trading using the automated trading platform can be a bit confusing for new traders initially, after a while they get the hang of it. There are several Bitcoin Robots operating as scams and there are few legit robots. Moreover, the best crypto trading bots can help traders and they always interact with the market even though they are not physically available. These automated trading bots can remove some of the emotions like stress and greed that are found in trading financial markets and cryptocurrency markets. To conclude, we can say that automated trading bots are not for everybody, and casual investors should take time to research on automated trading bots before proceeding with trading on an automated trading platform.
Is it possible to get rich by using Bitcoin Robots?
The best Bitcoin trading robots have claimed that their return of investment is up to 400% and more. This implies that one can build a significant amount of wealth by using a Bitcoin Robot. Some of the automated trading robots which are listed have made some of the trader’s millionaires. Even though they can turn a minimum deposit of $250 to a substantial profit amount in less than a year. This can be achieved when 90% of all the profits are reinvested in trading.
Are Bitcoin Trading robots legitimate?
While there are few scam Bitcoin trading robots, there are few legitimate robots. These trading robots provide a good opportunity to generate an online passive income for the traders.
How do I trade with Bitcoin Robots?
Most of the Bitcoin trading robots are 100% automated. As a result, the traders need not require any trading background to use the platform. They need to simply follow the manual guide which accompanies them and after trying out with the demo account, they can directly trade with the live account.
How much does a Bitcoin Robot cost?
Several Bitcoin trading robots do not require a license fee. These trading robots make money by charging a small amount as a commission on the profits generated by executing the trades on their platform.
What is the Minimum Age for Joining the Auto trading platform?
Most of the automated trading robots require 18 + as a minimum age to join. The trader should present a government-issued ID to open an account and to withdraw profits on the trading platform.
What are Robot Brokers?
Robot brokers can be explained as an online platform that allows users to trade with forex, cryptocurrencies, CFD, stocks, indices, and commodities. Also, they use trading platforms like MetaTrader 4 and web traders to support the trades.
How do Bitcoin Robots work?
Bitcoin Robots uses complex algorithms that execute several Bitcoin trades in a short time. Bitcoin robots analyze the trading markets at the right moment to buy and sell cryptocurrencies for maximum profit. Traders should add funds in their accounts so that the robots have enough funds to invest in the trades. When the trades are successfully executed, the profits earned from the trade are forwarded back to the traders.