It was always said that robots were going to take over the world, but for now, they’re taking over your bitcoin trading! That’s right, bitcoin trading in 2022 is happening via robot!
If you’re intrigued by these bots that can buy and sell bitcoin and make decisions on your behalf, then keep reading. We’re going to go over what these bitcoin robots are and how you can safely use them!
What Are Bitcoin Robots?
A Bitcoin robot is a type of auto-trading software that monitors Bitcoin markets, analyses patterns, and decides which trades to execute in order to maximize a user's potential for profit. Bitcoin robots are powered by elaborate algorithms and mechanisms.
Since it’s a robot, it’s far more effective than humans because it’s able to scan all of the information that is accessible on a specific cryptocurrency, in this case, Bitcoin, and execute transactions in a matter of seconds.
Robots carry out their tasks by monitoring various buy/sell signals. Due to these signals, the robot is able to be several seconds ahead of the market, which translates to the fact that you will be able to generate more money than anybody else in the industry combined.
Advantages Of Bitcoin Robots
- They are more efficient than people since they are able to go through heaps of information about a particular currency and make trades, all within a matter of seconds.
- Unlike humans, robots aren’t subject to emotions or feelings. They make all their decisions based on the information they have found and according to the algorithms. All of this means they are able to make much more accurate guesses than humans can. There are some robots that have a 99% accuracy rate, which is certainly far higher than any human can guess.
- Robot trading is a lot faster than manual trading. Imagine having to read through all of the information and news and updates about the bitcoin market, it would take you hours or days. Besides being a time consuming task, it would also be boring. So, instead of having to do all this yourself, the robot will take it off your hands and complete this tedious task in seconds.
Choosing A Robot Platform
There are several robot platforms that you can easily find by making a quick Google search. However, in order to make sure you have chosen the correct one, check the following points:
- No need to pay to create an account
This doesn’t mean that platforms that require you to pay to create an account are a scam, but since the aim of bitcoin robots is to make you money, it’s not wise to spend additional money on making an account. There are several platforms that are free to use and still legit!
- Multiple subscriptions available to suit different player’s needs
Every player is different and has a different lifestyle, which is why it’s important to find a site that caters to everyone.
- User-friendly bot and site
Don’t choose a site that makes you feel like you need a PhD to understand how to use it. If it takes you more than 15 minutes to try and figure out where everything is and which buttons to press to start, then it’s best to move on, because chances are, it will get more complicated down the line. Sure, airline food might suck, but that doesn’t mean your robot experience has to!
- State-of-the-art security system
The best sites have a good security system in place which is updated regularly to minimize the risk of hackers stealing player information. Have a look at who is behind their security team and make sure that none of them have ever been affiliated with any shady business.
- High quality customer service team
The moment something glitches or freezes, you’re going to be running to customer service. Check what their opening hours are - do they work during office hours or 24/7? Moreover, find out how you can contact them - do they have a direct line or do you have to fill out a Google form and wait until someone contacts you back?
- Available as a mobile app
Again, this doesn’t have to be a make or break, but having a mobile app allows you to see what your bot is up to without having to be in front of a laptop or desktop.
How To Sign Up To A Bitcoin Robot
Now’s the moment you’ve been waiting for - time to sign up for your own bitcoin robot! After you’ve selected a reliable and trustworthy platform, you can follow the below steps to create your account:
1. Fill In The Registration Form
It is important to protect the safety of all online registration processes in this day and age, when identity theft and other forms of online fraud are so common. A safe automated trader will have a website protected by a secure sockets layer (SSL), a robust password policy, and a separate secure database.
During the registration process, customers should be given the opportunity to either opt in or opt out of receiving unsolicited email messages, and only relevant data should be collected. The vast majority of trustworthy robo-traders will merely ask for your login and email address, and they will not keep any important billing information.
Paying attention to how simple the sign-up procedure is also counts as one of the most crucial things to do. A trustworthy Bitcoin robot should not make the registration process more difficult by requiring verification steps that are not essential. Within a short period of time, preferably less than three minutes, traders should be able to open an account and begin trading. Ideally, this duration should be even shorter.
2. Start Your Demo Trading
After you have successfully registered, the next step is to become familiar with the trading interface before you begin real-time trading. Using a demo account is the most effective method for accomplishing this goal. A reliable bitcoin robot should offer a demo trading tool, although it is not unheard of to come across any that do not. Those who have demo accounts are also able to give backtesting data, which shows how the robot performs in live trading.
It is essential to keep in mind that the outcomes you see in the demo account are not an accurate representation of the outcomes you will see in the genuine account. It is strongly suggested that new traders begin with a little more than the needed minimum investment amount and wait to add money until they have reached a point where they are comfortable working with their robo-trader.
3. Deposit Funds
To access their trading tools, including the demo trader, the majority of bitcoin robot providers will ask you to make a minimum deposit of 250 in order to use their services. The best automated trading platforms allow customers to fund their accounts using a variety of methods, such as MasterCard, Visa, Wire Transfer, Ok Pay, Skrill, Neteller, and Qiwi, amongst others. In addition, both deposits and withdrawals should be handled within twenty-four hours, and there should be no fees associated with any transaction.
4. Let The Bitcoin Robot Trade For You
After you have deposited your funds and your account is fully activated, you can kick back, relax, and enjoy your free time while the robot does the trading for you!
You can not access your account for a few days and come back to a nice profit waiting for you!
There you have it, everything you need to know about bitcoin robots and how to get started! Remember to do your research and make informed and wise decisions.