If you ever invested in cryptocurrencys or Bitcoins before, you most probably heard about bitcoin robots. A bitcoin bot is a auto trading robot that places buy and sell trades on your behalf and executes these trades accordingly. Since an automated robot has much higher accuracy compared to when an human places the trades, this results in greater winning opportunities and generates much higher profits in both falling and rising crypto currency markets.
However, as we have seen a large amount of both bictcoin and crypto robots over the last few years, we have also seen a high rise in so called scam robots, that only serves as a tool at scamming crypto investors out of their hard earned monies. For this reason it of utmost importance that you as an crypto investor is prepared before you choice your bitcoin or crypto robot to place your bets on so to speak. In his guide, we have put all of the bitcoin and crypto robots through our test, to discover which robots are fully legit and which are complete scams, which we recommend you stear clear of. Keep on reading to find the best legit bitcoin robot in 2020.
What is a Bitcoin Robot?
Bitcoin Robots are auto trading programs which uses algorithms to scan the crypto market, interpret signal and by the information gathered make decision on which trades would generate the best profits in both longer and shorter times frames.
Since an automated robot is much more effective than if a human that executes these trades, the generated profits are most of the time much higher, this is because auto trading bots have an broader possibility to scan multiple crypto news sites and crypto information than a human could, and this is in matter of seconds.
The auto trading bots works in the way of scanning the internet for sell/buy signals. These indicators is exactly what allows an robot to literally be seconds ahead of the crypto market, which results in you being able o generate much bigger profits in much less time than most investors. One of these auto trading bitcoin robots which has gained massive traction the last couple of years is Bitcoin Trader robot, which brags about having a high win rate of 99,4%.
A bitcoin robot can have as much as 99% success rate, which means that for every 20 trade made by the bitcoin robot, at least 19 of them will turn out to be correct. Two of these successful bitcoin robots are Bitcoin Code and Bitcoin Profit.
Advantages and Disadvantages of Bitcoin Robots
By you understanding the full advantages and disadvantages of bitcoin robots you gain valuable knowledge of these online tools. Even tho auto trading bots have similarities in chosen trades as human day traders, there is a great difference which make the auto trading robots more accurate and at the same time more riskier than when a human places those trades.
- Auto trading robots are much more effective than a human since they are able to scan crypto information much faster for a certain cryptocoin and can execute trades in as little as seconds.
- Bitcoin robots does not place trades or bets based on pure emotion which is often the case for humans – automated robots base all their decision on what trades to execute based on algorithms and logic. This makes an auto trading robots accuracy for more higher than the decisions of human traders. Most of the listed auto trading robots we have listed have a winning accuracy up to 99%, which basically means that you wont be placing any losing bets with a automated robot.
- When using a bitcoin robot, the trades happens per automatics, so instead of you manually analysing the crypto markets or a specifick crypto-coin, opening an crypto robot or bitcoin robot account at an crypto exchange, and then waiting for approval(which can take up to as long as 2-3 weeks), the bitcoin robot
- Bitcoin robot trading is a lot faster than manual trading. Instead of manually analysing markets, opening an account on a crypto-currency exchange platform, waiting for verification (this can take up to 2 weeks), waiting for a profitable trade, and going through the withdrawal process, the bitcoin robot will take care of all of this for you.
- Much easier than manually trading yourself: All you need to do is make a deposit and then set the bitcoin robots functions and directions and leave it to the algorithm to execute all your trades. If you choice to you can always withdrawal your profits on a daily basis, without any problems or pullbacks. Well knowed robots like Bitcoin Code even offers a 24/7 customer support.
Why do You Need Bitcoin Robots?
One significant trait of bitcoin is the fluctuation in its price. It is what you can call a volatile currency. The price of bitcoin changes constantly. You can sleep and wake up to a much lower or higher price than what you saw before you slept. This is due to speculation. Bitcoin is usually bought and sold for investment purposes. Hence, investors buy and sell it like they would in any other investment. This cycle makes bitcoin’s price volatile. Therefore, a significant profit or loss can occur in a matter of hours. The only way to make a profit is to buy a share of bitcoin at a lower price than what you sell it for. If done the other way around, a loss is incurred. Therefore, bitcoin robots play a vital role. The decisions about when and how much to buy and sell can mean the difference between high profit and substantial loss.
Are Bitcoin Robots Legit?
The idea of having an automated computerized system control your purchase and selling of Bitcoin can seem like somewhat of a scam. It is especially true for people who are more old school when it comes to investing. However, times have changed, and technology has evolved. We can feed sophisticated strategies into computer programs to make them capable of wise decision making. As much as it seems so, trading bots are not magical. They work based on strategies and mechanisms that are hardcoded into them. They rely on these to make decisions about buying and selling. Therefore, Bitcoin robots are completely legit, and they do work. However, they may not all perform as well as each other, or well at all, based on the strategies that they are using.
Do Bitcoin Robots Make A Good Profit?
This is an important question. If you’re investing in a Bitcoin robot, you need to get your money’s worth. The only way that’ll happen is if your bot makes good profits. The answer is very much, yes. However, there’s a catch. As discussed earlier, the bot makes decisions based on the strategies you program into it. It works for a lot of people. If you’re unclear about how to do this, we’ve got you covered. Let’s break it down into three simple steps:
⦁ Determine your investment strategy:
There are two main types of strategies that you can use:
⦁ Buy and Hold:
This is similar to how you would treat investments in gold or real estate. You buy a share of Bitcoin and hold it for an extended period. You rely on the hope that in the long term, the price of Bitcoin will go up. That’s when you will sell it.
This won’t require a daily effort and will save you trading fees.
⦁ Day Trading:
With this strategy, you buy and sell Bitcoin on a day to day basis, trying to take advantage of its volatile price. Examples of day trading include arbitrage, mean reversion, and momentum trading.
⦁ Find the Best Bitcoin Robot:
Keep reading to the end for a list of the best Bitcoin robots available currently. However, here are a few points to consider when deciding on the best bot to use. Every good bot should be:
⦁ Easy to Use
⦁ Configure the bot:
Firstly, you must prove your identity. From there, follow the instructions of the bot you choose to get started.
Benefits of Bitcoin Robots
Now that we’ve talked about legitimacy, importance, and profits, let’s discuss some other benefits of these robots.
⦁ Easier than Manual Trading:
You just need to make a deposit and let your bot do its job. You can easily withdraw your profits daily.
Bitcoin robots are not subject to greed for higher profits or fear of loss. They make decisions based solely on statistics and the probability of success.
Humans need time to think and react, especially when it comes to risky financial decisions. On the other hand, a bitcoin bot acts instantly as it can calculate the situation way faster than human minds.
This can come in handy, for example, during arbitrage. Bitcoin’s price is always different between different exchanges, so buying it cheap from one and selling it for a higher price on another exchange can result in profit. Speed is key here as buying and selling takes place almost simultaneously.
⦁ Can Work Constantly:
The bitcoin market never sleeps, and neither do bitcoin robots! You, however, do need time away from work. A bitcoin bot can help in not making that break cost you dollars.
The 7Best Bitcoin Robots
⦁ Bitcoin Code
This is one of the most popular Bitcoin trading bots out there. With thousands of users around the world, not only is it completely free to use, but it also works based on a powerful algorithm.
⦁ The only job of this piece of artificial intelligence is to buy Bitcoin cheaply and sell it for a higher price.
⦁ All you need to do is sign up and make your deposit of a minimum of $250.
⦁ Then, you just let the bot work and collect your profits every day to a bank account in your local currency.
⦁ Like other bots, it can be accessed from anywhere in the world. It even offers a free demo.
⦁ The tools are simple to use, and there are brilliant investment strategies.
⦁ Furthermore, it accepts credit cards and Sofort. The claimed win-rate is 88%.
Crypto soft is also one of the most popular automated trading robots in the world. It’s a tested and legitimate bot to use for trading bitcoin.
⦁ The system relies on an advanced algorithm that can make profitable bitcoin trades.
⦁ The claimed success rate is over 85%.
⦁ The minimum deposit here is also $250.
⦁ It also accepts credit card and Sofort.
Cryptosoft claims that traders can spend just up to 20 minutes a day monitoring their investments and still make serious profits thanks to the software.
⦁ Bitcoin Evolution
Bitcoin Evolution is one of the most trusted Bitcoin robots out there, with several testimonials in its praise.
This crypto trading bot gained its popularity fairly recently. Users have reported good profits while using Bitcoin Evolution. It is created by a team of software engineers working with crypto traders with years’ worth of experience.
⦁ The starting deposit is a minimum of $250.
⦁ It also has a simple user interface and analyses vast amounts of data in minuscule timeframes.
⦁ It’s an extremely versatile and effective system—moreover, its completely free of cost. You need to pay no fees to register and get started.
⦁ You only have to make the minimum deposit for the bot to start doing what it does best: generate profit.
⦁ Furthermore, it gives you the option to start with a trading demo. This is a feature that can be extremely helpful for novice bitcoin traders.
⦁ Bitcoin Billionaire
This bitcoin trading bot claims a high success rate of over 85%. Although the system is open for anyone to use, they invite only 50 people to become a member. However, you can get invited regardless of your line of work.
⦁ You can start with a free demo account to avoid risking any money if you’re new to bitcoin trading. When you register with your name, phone number and email address, an expert calls you to guide you on how to start real or demo trading,
⦁ Bitcoin Billionaire gives you a personal account manager to make it easier to use.
⦁ It’s also available on a mobile app, which makes it convenient to use on the go.
⦁ Furthermore, the set-up process is easy and straightforward.
⦁ No fees are charged to join. You can simply register, confirm via a confirmation email, and you’re in.
⦁ Make the minimum deposit to start trading. The minimum investment to get started is $250.
⦁ Crypto Group
Users have found the Crypto Group to be a legitimate trading robot. Crypto Group has received global recognition as a leading platform for Bitcoin trading from investors. Crypto Group is efficient and reliable, with many positive testimonials from real users.
They claim a 92% success rate, which is mind-boggling, considering that this is a high-risk market. The minimum deposit is only $250, and it accepts many forms of payment, such as Bitcoin itself, Visa, and e-wallets.
Crypto Group is based on a powerful trading algorithm. It connects to many exchanges and works on making profitable trades by selling and buying under favorable conditions. A mobile app is also available for more convenience.
Crypto Group is a good option, whether you’re an experienced bitcoin trader or just starting. It’s also great if you prefer working from home. Lastly, it’s free to sign up!
⦁ Bitcoin Champion
This relatively new trading software, developed by expert programmers and traders, was designed to aid people who invest in cryptocurrency. It uses its special algorithm to detect the future prices of cryptocurrency, such as bitcoin.
⦁ Bitcoin Champion can take advantage of the arbitrage strategy since it functions simultaneously across multiple volatile crypto markets.
⦁ Moreover, it scans the market for 0.01 seconds ahead of others and makes many orders simultaneously.
⦁ All you need to do after signing up and making the initial deposit is a little bit of configuration.
⦁ You can choose different trading settings and preferences, such as the amount of risk you are willing to take.
⦁ Bitcoin Champion is also very secure. It utilizes top security measures, for example, McAfee, BitGo, SecureTrading, and NortonSecured.
⦁ The minimum deposit amount is $250.
⦁ You may have to submit some documentation to prove your identity.
⦁ Libra Method
This bot has also received many testimonials in its praise. It was created by cryptographers from 32 different countries across the globe. These specialists wanted to build a framework that would allow investors worldwide to experience bitcoin trading conveniently.
⦁ It’s legit and straightforward to use.
⦁ It’s reliable and highly efficient and uses the latest, most advanced algorithms to carry out your trade.
⦁ Libra Method is also incredibly fast. Both novice and experienced investors can take advantage of this powerful system.
⦁ Of course, it has an automated mode that relieves you of the responsibility and cumbersome work after you activate it.
⦁ It is super easy and also free to register with them and get started. The system will link you to the best broker in your region (more on brokers in a bit!).
⦁ The minimum deposit is $250. You can pay via debit card, credit card, or eWallet.
Best Brokers for Bitcoin
Bitcoin brokers are platforms that we can rely on, other than exchanges, to make the conversion between bitcoin and our local currency.
Brokers have several advantages over exchanges, especially for new traders. Signing up and verification processes for an exchange can take weeks or months, whereas brokers are much easier to set up.
Furthermore, brokers provide lower prices for bitcoin, which are less volatile than exchanges. There is also no need to wait for others to match their sell or buy orders. Using a broker, you can get a fixed price with no negotiation since you aren’t dealing with peers.
Let’s look at some of the best bitcoin brokers in 2020:
eToro gives you access to many popular crypto assets in the world, including bitcoin. The minimum deposit for this broker is $200, and this deposit can be made via PayPal, credit/debit cards, and many other methods.
Binance also gives you access to a wide range of cryptocurrencies along with bitcoin. The minimum deposit, however, is very low at just $1. It’s also extremely secure as it comes with two-factor authentication.
This broker rocks a user-friendly interface—moreover, it’s known to be secure and safe for making transactions. The minimum deposit is only $60.
Coinbase also uses two-factor authentication for safety purposes. It gives you access to an online wallet.
Furthermore, the minimum deposit for Coinbase is only $1. It’s also a friendly broker for those of you that are beginners at bitcoin trading.
This subsidiary was launched by eToro to accommodate the massive number of crypto traders using their platform.
Its minimum deposit is much cheaper than eToro, at only $10 instead of $200. It offers many cryptocurrencies, including bitcoin.
Bitpanda is a fully automated platform that you can use to trade bitcoin and many other digital assets. The minimum deposit is $1, and there are several payment options to choose from.
Bitcoin trading is one of the golden opportunities of our era. Some people even believe it to be the future of currency. It’s a train that if you choose to jump on today, you can make some fantastic profits that no other opportunity or investment may offer.
Bitcoin robots are like the cherry on top. They let you sit back and do the strenuous work for you.