When choosing a cryptocurrency trading bot platform, reviews will be one of the most important things that you’ll want to look at. The reason for this is that it’s surprisingly easy to be tricked by an unscrupulous bot provider.
Even people who think they are too smart to be fooled can end up losing money on a scam. One of the best ways to make sure that you’re not scammed by a bad software package is to only choose automated bitcoin trading platforms that have legitimate reviews.
In fact, turning to the community has been a cryptocurrency staple since the beginning. Just like you should carefully investigate wallets and exchanges, so should you look for crypto trading bots reviews before purchasing or using any software.
On our site, we’ll be helping you to make the best decision. We provide cryptocurrency automated bots reviews that you can trust. While it’s, of course, important to do your own due diligence, we hope that our reviews can help to make your comparison shopping a little easier!
|Bitsgap||2018||5||Multi-feature crypto management tool|
|Zignaly||2018||4.5||Signal-based automated solution|
What are the main points that we will be reviewing?
So, what exactly will be looking at for our cryptocurrency trading bots reviews? Well, there’s a number of important factors which must be considered, but here are the main things that we’ll be looking at. (Each review will include these main categories.)
Time in business
The first point on our bot inspection will be how long a particular bot has been in business. While it’s easy to make a software package look like a great deal, time will easily reveal any flaws in the system.
If there’s any kind of fishy business going on they won’t be able to keep it a secret for long. While simply being new doesn’t mean that a certain provider is out to scam you, it does mean that you should be more cautious when using their software until they are proven.
For a provider that’s new on the block, you might want to limit which exchanges and how much of your money they have access to. This provides a certain level of safety for you to test the waters without taking on too much risk from a new provider.
Next, we’ll be looking at the trading bots rating. What do other people think about it? Are there any negative reviews that people should be aware of, and are there any reported problems? Crowdsourcing reviews is one of the fastest ways to find out what a product is really like.
While every platform will have some negative reviews, because it’s impossible to please everyone, there should be far more positive than negative. Honest bitcoin bot reviews also help you to highlight potential deal breakers or limitations of the software.
While these items may not necessarily be a negative to everyone, they might highlight limitations which could cause your particular trading strategy to fall apart. In any case, it’s nice to know these things before investing a good deal of time and money into a product that won’t work for you.
We’ll also let you know how many exchanges each automated trading platform works with. This is obviously important, and having the information laid out so you can compare software packages will make your job of choosing a bot that much easier!
This saves you from buying, downloading or installing a bot just to find out that it won’t work for your needs! While some people might be okay with trading on any exchange, other traders have their favorites are not looking to deviate from their habits.
Either way, that’s okay, and we’ll help you to find a bot platform which performs exceptionally well on your crypto exchange of choice! You’ll also be able to easily avoid products which don’t suit your trading style.
We also go over the price of the automated platform in question. Our bot analysis includes whether the software is paid or free and if it’s a one-time or continuous payment. All of which is very important to know when you’re shopping around.
While everyone loves to use free software, you might find that you’re missing out on some fabulous features just to save a few bucks per month! After all, if a feature helps you to make thousands of dollars, it’s worth paying a bit to have it right?
On the flip side, there’s also great free trading bots out there, and if you can get everything you need for free should you pay a hefty monthly fee for much the same features? That’s up to you to decide for yourself, but we can at least help you to get to your decision by laying out the facts.
Ease of use
Ease of use is a major factor for many people when choosing a bot solution, but sometimes it can actually be hard to determine this without using the software yourself first. This could end up wasting a ton of your time, especially if you have to first test multiple platforms! We take care of that for you, providing an in-depth review of the usability of the software in question.
We cover whether the software has online or offline use and if they have companion apps as well! All of this can impact your decision to use a particular product, and they’re important considerations.
This section will be important if you’re not particularly tech-savvy, or if you don’t have a lot of time to manage a trading platform. Sometimes you will need to sacrifice on some features for an easier to use the product, but in some cases, it can be worth it to do so.
The right settings can make or break your trading strategy. While a bot may seem perfect on paper, if it can’t be adapted to different strategies then it will be utterly useless to you.
We give a complete overview of all of a bot’s features to help you figure out if it’s right for your needs. You’ll learn all about the settings, including things which you might not know about until after purchasing pricey software!
This section can also help you to understand what you’ll need to do in order to set the software up. Most of these bitcoin automated trading platforms require certain settings to be implemented before you can get started with your trades.
We also do a bot inspection for security purposes. Security should be one of your top concerns when choosing a crypto trading platform. Particularly in how they use your API key. While you will need to trust every single bot with your API key, how they use that key should be carefully scrutinized for your protection.
A good platform should only request information as needed, and we’ll let you know if we believe there are any security concerns with the way they access your information.
There’s no need for these automated programs to have
Customer support is, unfortunately, a super important issue which you may not know anything about until it’s too late! Bad customer service can be one of the biggest red flags of a poor product. After all, if the company won’t respond to support requests, then it can give anyone second thoughts about making a purchase. We’ll let you know exactly how good a particular product’s customer service is in this section.
How quickly do they answer emails, and are their responses satisfactory? Do they provide support from other mediums like Telegram, Twitter or live chats? We give you all the info so you can compare tools. This is extra important if you believe that you’ll need assistance during the setup process. Will your provider be there every step of the way or vanish once they have your money?
Exactly how profitable are these bot trading tools? It’s impossible to know if you’ve never tried them yourself right? Well, that’s not true anymore! Every single bot that’s listed on the website has already been or will be tested with real deposits by us.
We’re ready to put these tools to the test and to make sure that they really work. We give you our real results and honest opinions so you can judge for yourself before you buy the software.
You’ll see exactly how they work and how well they perform based on real live trading data!
Our bot reviews will also include information on any features which these platforms might have that could be important to you. For example, many of them have professional-level features that might help to justify a higher price tag.
We lay out all of the information so that you can make an informed decision. This includes many things including testing demo modes, different strategies, and indicators which could be helpful to your cryptocurrency automated trading techniques.