If you are relatively new to the world of cryptocurrency, and you are finding it difficult to make your trades with as little risk as possible, then you might want to think about using a Bitcoin robot.
With Bitcoin robots being so accessible right now, it is much more preferable to approach cryptocurrency trading this way to traditional trading.
The great news is that there are some Bitcoin robots out there that are available either for free, or at a really reasonable price.
We have taken a look at the best Bitcoin robots available in the industry right now so that you can learn about what they’re capable of and why they stand out from other Bitcoin robots that might not be as good quality.
We want to be honest about our reviews, so that you can end up investing in the right Bitcoin robots for your trades because at the end of the day, the last thing that you want is to end up with a Bitcoin robot that is not going to serve you as well as it could.
Let’s dive in.
What is a Bitcoin Robot?
Again, if you are pretty new to the world of cryptocurrency, you might not even know what a Bitcoin robot is. A Bitcoin robot is a piece of software that performs all of the basic functions of a professional trader on a Bitcoin exchange, and they do so automatically.
It is basically the automated version of a trading protocol that has been tested to work really well. But Bitcoin robots tend to do better than humans when it comes to the volatility of the market, regardless of what direction asset prices are taking.
The reason why is because they rely on trading tactics that are designed to produce revenue, even when the market isn’t doing so well.
Also, the world’s most well-known and successful Bitcoin robots are known for things like lightning-quick research and execution.
As a result, they can execute a huge number of deals every day, so that you can take advantage of any trading opportunity that comes your way.
Best Bitcoin Robots
British Bitcoin Profit
We believe that the best Bitcoin robot in the industry right now is British Bitcoin Profit. This Bitcoin robot lets its customers trade with a number of different cryptocurrencies, including Ethereum and Bitcoin.
They offer sophisticated methods that are suitable for both experienced traders, and those that are new to the scene.
As an example, someone who is doing everything manually can take days to work out Bitcoin signals, whereas if you make the most of a Bitcoin robot like this, these tasks can be completed in a matter of hours.
They also excel when it comes to payment processing, meaning that they are only going to take 15 hours to process payments before you can cash out.
The platform supports multiple cryptocurrencies, it is super user friendly, and has a success rate of more than 88%. There is also a low minimum deposit, which means that you don’t have to have a huge amount of cash on you to get started with them.
The only disadvantage to this Bitcoin robot is that you might find it a little bit complicated to use their advanced features. Apart from this, we think that they are easily one of the best.
BitQS is a Bitcoin robot that makes it easy for you to automatically trade, and it has been developed to forecast and comprehend the ups and downs of cryptocurrency pricing, which means that they can hopefully generate a real profit for you.
This kind of trading makes the most of a secret code that is completely automatic and as well as forecasting, it is also going to recommend the best exchanges to trade on, as well as how much you might be able to gain.
As far as the customer support goes, we think it is some of the best, which means that they are going to respond through live chat and phone within just a few seconds, and all of their agents are experts in what they do.
They don’t charge their clients commission or fees, and we believe that their platform is suitable for all users, including experts and beginners.
The only downside to this Bitcoin robot is that you won’t be able to make the most of them on a mobile app, and there is a little bit of risk involved due to market volatility.
Bitcoin Pro is another Bitcoin robot that is actually relatively new on the scene, and it is completely automatic. It is considered the kind of Bitcoin robot that has a proprietary trading algorithm, which makes it a lot more consistent and trustworthy when it comes to generating revenue.
Using trade algorithms, this Bitcoin robot is able to work out with 99.4% accuracy what kind of trades you should be executing.
The good news when it comes to using a Bitcoin robot is that they are a lot more sensitive to market price variations, which means that the trading ecosystem is completely self-sufficient.
We think these guys are super user-friendly, and the process of getting signed up with them is straight forward and quick.
Additionally, like some of the other Bitcoin robots on this list, they aren’t going to charge a commission, and they don’t have any hidden fees.
Bitcoin Bank is another Bitcoin trading robot that makes it easy for traders to automatically place their trades both on Forex and Bitcoin.
They don’t offer a lot of information on the website about the developers behind the features, but they do say that they are financial market experts.
They also maintaine that their software has a 99% success record, and we do appreciate that they offer their clients multiple payment options, as well as a demo account.
You are also going to receive excellent customer support from a Bitcoin robot like this, which is going to be helpful when things aren’t going your way.
The only thing that we have to say against this Bitcoin robot is that they don’t have a mobile app available, so you can’t take them on the go.
BitQT is another Bitcoin robot that is great if you need a tool that is going to offer multiple languages.
These guys were developed to allow normal individuals that don’t have any previous knowledge of cryptocurrency trading to make the most of sophisticated trade moves in order to make a profit from their cryptocurrency.
This means that you don’t have to go through the horrible process of learning all about your cryptocurrency purchases, and as we mentioned at the beginning of this review, you can use this Bitcoin robot in a number of different languages, including German and Italian.
We think that they have a good level of support for their clients, and we also think that they have a good win rate of more than 90%. Their platform is both free and user-friendly and can accommodate fast withdrawals.
One downside to this Bitcoin robot is that there is no mobile app available right now, and sometimes it takes a little bit of time to find the right trading signal.
Bitcoin Up is an excellent Bitcoin robot that claims to help its clients generate thousands of pounds in profit on a daily basis.
They can help you trade Bitcoin, but they can also help you trade a variety of other digital currencies, and one thing that makes this software really appealing is that it doesn’t ask you to have any prior knowledge or understanding of Bitcoin trading so that you can really get ahead even when you don’t know anything.
Even brand-new traders have been able to get started straight away by simply creating their account, putting their funds in, and then jumping into the trading action.
Perhaps one of the biggest advantages of this Bitcoin robot is that it is simple and easy for anybody to use, and its trading system is super accurate.
It is completely secure and safe, so that you don’t have to worry about your personal information being stolen, and their customer support is available whenever you need it.
The only downside to this Bitcoin robot is that right now, it is only available in a limited number of locations around the world.
Bitcoin Era definitely knows its way around the world of cryptocurrency, and as a Bitcoin robot, it has been helping its clients generate daily profits since 2019.
It is able to do trades a lot faster than the majority of algorithms out there, and it is also able to conduct trades quicker than the average trading platform as well.
As well as being free to use, it is completely compliant with standard regulations, and we absolutely love that is suitable for all kinds of users, whether you are a beginner in the industry, or a pro.
There is a high level of profitability here and they promise a fast payout, as well as dedicated customer support.
The only downside to this Bitcoin robot is that there are multiple websites that contain the same name, which means that you can very easily sign up for the wrong Bitcoin robot, and potentially get taken advantage of.
Bitcoin Champion is a Bitcoin robot that promises that there are absolutely no risks associated with using their software, even if you are a complete beginner in the industry.
Their computer driven automatic trading applications make it easy for you to trade both in cryptocurrency and foreign exchange, and they also offer a number of different digital marketplaces for you to make the most of.
This Bitcoin robot makes it easy for users to implement automatic trades through manual trading systems and from where we are sitting, the training process is super-fast.
They are also safe and secure, simple to use, and yield a high profit. The only downside to this Bitcoin robot is that they don’t offer their clients a mobile app.
Bitcoin Profit is another Bitcoin robot that is completely free for you to use and they provide a high return on investment for their clients without you having to go through the process of working out what trends are currently doing, and getting the timing right when it comes to your trades.
Their ultimate goal is to help their clients who are ordinary individuals to become part of the cryptocurrency industry so that you can generate a side income without having to have a huge knowledge of the field, or a lot of experience.
Perhaps the biggest advantage to using a Bitcoin robot like this is that it is free, and it doesn’t carry any hidden fees, commission or charges.
This means that you are going to get all of the profits that you earn through them, making them one of the best Bitcoin robots in the market.
They also feature a built-in demo mode, so that you can test out certain methods before you implement them, and there is minimal time and effort required to make the most of this Bitcoin robot, which means that you complete the work without even needing to spend too much time on it.
Their customer support is super easy to access and offers technical support when required. The only downside to this Bitcoin robot is that can take up to 48 hours to receive your funds.
Bitcoin Loophole is a great Bitcoin robot to help you evaluate market trends and the algorithm that they use can help you make a lot of trades in a very short amount of time.
In fact, you can trade thousands of times per minute, especially at peak times. We love that this software is simple to use, effective, and offers you the opportunity to earn money every day.
It has a high rate of profitability, and we think the customer support is really good. In fact, this Bitcoin robot has one of the highest numbers of good reviews online.
The process for signing up with this Bitcoin robot and verifying your information is quick and simple, and there are no hidden fees further down the track.
Their customer support representatives are always there to help you whenever you need it, and we think that withdrawing your money is incredibly quick and easy.
The only downside to this Bitcoin robot is that there is no mobile app, so that you aren’t going to be able to take them on the go.
Bad Bitcoin Robots
The bad news is that there are a lot of Bitcoin robots out there that are going to take advantage of you and are considered scams, but the good news is that they aren’t difficult to identify if you know what you’re looking for.
The first thing you need to think about is what kind of material they are providing on their website. If they don’t offer a phone number, or any other way of communicating with them, then you need to consider this a big red flag.
Another way to tell if they are a scam is to look at the returns that they claim you can get. If you believe that these are exaggerated, then they are probably not all they’re cracked up to be.
The more time you spend in the world of Bitcoin robots, the better you will get to know which ones to avoid, and which ones to stick to.
How Do Bitcoin Robots Work?
Bitcoin robots are sought after by investors, who then take over the code from the developer once they have worked out the Bitcoin robot that is going to be most advantageous to them.
There are a lot of Bitcoin robots that charge clients a fee, and some of them can be quite pricey, depending on the Bitcoin robot. Bitcoin robots are comprised of the following factors.
Bitcoin robots use API to let developers connect their automatic trading programs to platforms, and the API is going to feed market data to the Bitcoin robot in real-time.
With the assistance of technical indicators and predefined algorithms, the Bitcoin robot can calculate trades and communicate the specifics of the execution of that trade to the API.
Lastly, the same exchange is used to send the trade out, which is then immediately executed by the exchange account once it has been received.
Data Analysis and Market Research
This aspect of a Bitcoin robot is going to gather and save market data from a number of different sources so that it can evaluate at, and then work out whether or not to buy or sell a particular Bitcoin asset.
This kind of analysis of the market occurs incredibly quickly, which means that you can profit from even the tiniest fluctuations in price.
As a result, making money with this kind of Bitcoin robot is achievable, even if the value of cryptocurrency is rising or declining.
Predicting Market Risk
This aspect of a Bitcoin robot is an important part of its functionality in general. This calculator is going to make the most of market data to work out the possible risk when it comes to the market.
The Bitcoin robot will then make a decision on whether to trade or invest based on the information that it gets from this.
Purchasing and Selling Assets
This aspect of a Bitcoin robot makes the most of APIs to purchase and sell cryptocurrency assets in a way that is strategic.
It is possible that you might want to avoid buying tokens in bulk at certain times, and that making immediate purchases are going to be the best way forward in some scenarios. Your Bitcoin robot is going to determine this for you.
Pros and Cons of a Bitcoin Robot
How Do I Choose the Best Bitcoin Robot?
As long as your Bitcoin robot can do what you want to do, then it doesn’t really matter what kind you choose.
However, you’ve got to make a decision as to what you’re wanting a Bitcoin robot to do in the first place, because it’s going to definitely determine how you choose the right one for your needs.
Let’s begin with sharing a list of things that you need to think about before you make this important move.
Why would you want to attempt to make big profits with trading when your funds haven’t been secured? Security is one of the most important things to think about when choosing a Bitcoin robot.
You need to make sure that the level of security that they are offering their clients is good enough to be able to use them for a long time without any risk.
A good way to determine how much security a Bitcoin robot has is to check for an SSL certificate.
When a website has been secured by SSL, this means that they are easily able to protect your personal information, including your personal details, as well as your credit card information.
If a website has been encrypted through SSL, then you will see a padlock icon next to the URL.
Of course, the last thing that you want to do is throw all of your chips in at once and hope for the best. You need to find a Bitcoin robot that has a minimum deposit amount that is low as it can get so that you can start out small, and grow your cryptocurrency assets from there.
The majority of Bitcoin robots out there have a minimum deposit of $250.
Withdrawal and Deposit Methods
The majority of Bitcoin robots out there have a number of different ways for you to pay, both for your deposits and withdrawals. The majority of options are going to include MasterCard, Skrill, visa, PayPal, and Stripe.
It is important to remember that not all payment methods are going to work in every country, so you need to find a Bitcoin robot that supports the payment method that you want to use in your country.
Of course, the best Bitcoin robots out there are upfront and honest from the beginning and are as transparent as they possibly can be with their clients.
This means that they are going to share all the necessary information with you, so that you can make a fair decision as to whether to use them or not.
They aren’t going to mislead you with deceitful information, just to entice you to use them.
Ease of Use
The last thing that you want to have to deal with is a Bitcoin robot that is going to be difficult to use. This means that you need to determine how user-friendly their platform is, even if you are someone who considers themselves an advanced trader.
The truth is that not every Bitcoin robot out there is suitable for beginners, which means that some people are going to find a Bitcoin robot extremely difficult to use, especially if you have next to no experience in the industry.
As we have talked about already, there are some Bitcoin robots out there that are free, while others are going to be pretty expensive.
In general, we believe that paying for a Bitcoin robot is going to result in higher-quality features, as well as a higher calibre of service, but you also need to make sure that you are getting value for money, and that it is completely worth your investment before you make a final decision.
Bitcoin Robot Trading Strategies
One of the simplest Bitcoin robot trading strategies is trend following, because this lets you respond directly to changes in the market.
It is based on the idea that prices are going to continue to increase beyond averages that have already been predicted, but eventually they will fall as well. This approach is also used in the stock market.
If you want to be successful with your trades, then you need to understand the importance of timing, both around when you enter the market, and when you exit.
When it comes to a market that is inefficient and fragmented like Bitcoin, price variations can be huge. They can also be influenced by things like time, region, and legislation.
Arbitrage is the protocol of creating a profit by buying and selling on a number of different exchanges to profit from the disparity in pricing.
This protocol, as opposed to momentum trading, doesn’t depend on the success of the market, which means that it is pretty low risk. It is in fact one of the most effective and straightforward ways to trade.
Market Making Strategy
The market-making method is going to let traders purchase and sell big amounts of cryptocurrency, while earning a profit from the difference between the two values.
Market-making traders usually rely on Bitcoin robots to handle a large volume of trades at the same time.
This kind of trading algorithm uses machine learning to predict the chances of an event occurring in the future.
When you provide your Bitcoin robots with essential information, you are able to help them determine the right entry and exit times.
How to Trade Your Bitcoin Robot
For the majority of Bitcoin robots out there, on the home page you will see a section where you can create a free account and sign up with them.
In the majority of cases this method is going to be quick and simple, and you will need to include your full name, as well as your phone number and email address to successfully registered.
To continue, you might be asked to also validate your email address through your phone, or through an email link.
The verification step is going to get the user download an image of their identity and potentially also prove their residency.
This is going to include a bill or a recent bank statement, where they can see your address. To complete this process, it is going to take roughly 24 hours.
Most brokers are going to let you trade before they finish the verification process, and almost everyone is going to require that you complete the process before you make a verification.
Make a Deposit
All experience brokers out there are going to ask that their clients to provide proof of address and identification before they can conduct business.
When you make a deposit, the deposit is going to go directly to the Bitcoin robot through the robot broker, because legally, a Bitcoin robot cannot accept a deposit.
This is why when you are looking for the right Bitcoin robot, it is important to conduct a background check on the broker partners that it is affiliated with, because legitimate Bitcoin robots are only going to work with brokers who comply with strict regulations.
Trading Using a Demo Account
The majority of Bitcoin robots are going to offer you a demo account, so that you can become familiar with their services without actually registering for anything.
This demo account is really important because it means that you can practice trading without putting any of your actual money at risk.
Most demo platforms are going to use historical data to simulate an example of the real-world market, and they are also going to include a guide so that you can get a better understanding of the training process in general.
You will also be able to experiment with a number of risk management strategies.
Most Bitcoin robots are going to let you trade in real-time with just the click of a button. Some are going to have additional features that let you have a bit more control over their devices.
The majority of experts in the world of cryptocurrency recommend that you conduct your trades during Eastern Daylight Time.
This is when Wall Street trades, and as you can imagine, there is already a pretty strong connection between Bitcoin and Wall Street.
Why Should I Use a Bitcoin Robot?
There are a number of reasons why we believe that you should use a Bitcoin robot. The first is because they offer the chance of high profitability, especially when you compare them to conventional trading methods.
Another thing that we love about Bitcoin robots is that they are simple to use and completely automated, which means that you can have literally no experience in the industry and make the most of them.
Another thing that you are going to appreciate about Bitcoin robots is that they only require a small initial investment, and they are going to take up a lot less of your time when it comes to trades.
In fact, we believe that you can only need to spend less than 20 minutes a day monitoring your account.
They also remove the emotion from trading, so that you can take risks and make profits without emotions like greed and fear getting in the way.
When Should I Use a Bitcoin Robot?
The good news is that the sky’s the limit when it comes to using a Bitcoin robot. However, this is going to depend on what you are actually wanting it for.
There are Bitcoin robots for portfolio management, rebalancing, and smart order routing. There are also Bitcoin robots for data collection.
Whatever it is that you are trying to achieve, there is a good chance that a Bitcoin robot is going to be able to help you with it.
Nobody out there likes having to spend all day completing repetitive tasks. We all know that doing the same thing over and over again can feel like a waste of time and end up being a complete drag.
A Bitcoin robot is ideal for this kind of activity, because they can do it for you and of course you don’t have to give up a huge amount of your time anymore.
When You Have a Time-Consuming Task
The thing about life is that it can be hectic at times, and everyone has things that they need to do.
Of course, you probably don’t have the luxury of spending every moment you are awake in front of your computer, making sure that your trading portfolio is where it needs to be.
This is where Bitcoin robots can come in handy.
They don’t have anything better to do then to help you with those time-consuming strategies and because they are computer based, their calculations can be made within just a couple of milliseconds and they never get tired of doing what they do.
They can easily simplify tasks that otherwise would take a long time without them.
When You Want to Trade on the Market All the Time
The thing about the cryptocurrency market is that it is open all the time; nobody shuts it down at night when everyone is asleep.
Even if the exchange is down for maintenance or it needs updating, there are hundreds of others out there that are still operating because the market is always open.
There is no way that you’re going to be able to keep track of your investments at all times.
Eventually you are going to need sleep so the advantage of a Bitcoin robot is that it can take your place at night, or when you are away from your computer if you are someone who is hoping to automate your trades at all times.
When You Need a Complex Strategy
Another thing that you need to think about when it comes to using a Bitcoin robot is complexity.
The thing about trading in the cryptocurrency industry is that even if you do have a lot of experience, certain strategies can often be really complex.
This means that sometimes it’s going to be physically impossible for a human being to implement them.
The thing about a Bitcoin robot is that it can easily help you implement complex strategies, so if you are someone who is always trying to improve on your cryptocurrency trading game and implement often complex strategies that you can’t even wrap your own brain around, a Bitcoin robot can be of assistance.
Why are Bitcoin Robots Profitable?
Bitcoin robots are profitable because they are super-efficient, they have 24/7 access to the market, and they are able to handle complex tasks for you that otherwise you wouldn’t be able to do yourself.
How Much do Bitcoin Robots Cost?
As we mentioned above, Bitcoin robots are often free to use, while others are going to be pretty expensive.
We think that the bottom line when it comes to the price of a Bitcoin robot is that you pay for what you get, which means that you might want to avoid the free ones, because they might not be as committed and loyal to you as those that you will have to pay for.
Are Bitcoin Robots a Scam or Legit?
There are a lot of popular Bitcoin robots out there that are completely legit and have been developed so that you can maximize the potential of trading your cryptocurrency.
However, just be aware that scams aren’t uncommon in the industry, so you do need to be careful when choosing the right Bitcoin robot for your needs.
We also don’t suggest that you sign up with a Bitcoin robot believing that you are going to get rich really quick. A lot of Bitcoin robots are going to generate a little profit at first, but as you go along, your profits are going to slowly increase.
Another thing to think about is that your profits are going to depend on the number of funds that you have been able to invest. This means that if you are prepared to spend more money, you can be prepared to receive more in return.
The Risk of Using a Bitcoin Robot
Using a Bitcoin robot isn’t bad, but there are risks associated with it. The problem is that a lot of people jump in the deep end straight away, and don’t even think about the potential downsides to using a Bitcoin robot.
This is because they don’t have an in-depth understanding of how the industry works.
Trading in a financial market whether it is traditional trading or cryptocurrency trading is always risky, but you need to be aware that trading with cryptocurrency is a lot riskier than trading stocks.
This is because the cryptocurrency market moves at a faster pace, meaning that the risk of loss is much more significant.
We aren’t trying to say that Bitcoin robots aren’t accurate, but there is always a chance that the trade can go wrong. Think about it; even when a Bitcoin robot promises a 99% win rate, there’s still a 1% chance that it can go wrong.
Advantages of Bitcoin Robots
Reduces Risk of Human Error
The thing about implementing your own cryptocurrency trades is that you risk human error, which can result in losing money.
The thing about using a Bitcoin robot is that you can reduce the possibility of human error, because it is going to do the appropriate analysis and research for you and doesn’t require any input from you as a human being.
They’re going to automate their trade executions and avoid the risk of human error completely.
Takes the Emotion Out of it
Another advantage to using a Bitcoin robot is that you can take the emotion out of trading. When you use automated trading software, you don’t have to worry about the impact of emotions.
All of your trades can be handled automatically, and the trade isn’t going to be second-guessed by a human being.
Trade in a Number of Markets
When you make a trade with a Bitcoin robot, you are able to diversify your portfolio by trading multiple accounts at the same time, or multiple methods.
Your Bitcoin robot is also going to be able to scan for opportunities and many different markets and monitor deals and generate orders in real time without the risk of error. As a human being, you simply aren’t capable of doing this.
One of the biggest advantages to using a Bitcoin robot is that you can trade automatically around the clock without it getting tired.
This is great if you are someone who is hoping to make hundreds of trades a day, both during the day and at night, and you don’t want to run out of steam at any point.
Disadvantages of a Bitcoin Robot
One of the biggest disadvantages of using a Bitcoin robot is the use of leverage. The majority of Bitcoin robots trade with leverage which means that this automatically multiplies the gain or loss.
Of course, if you gain, this is going to be great news for you, but if you lose, you are going to lose more than you might have lost if you had implemented the trade yourself.
Another thing to consider when using a Bitcoin robot is that some traders have experienced negative balance losses because they have used a Bitcoin robot that hasn’t included a negative balance protection.
Before you choose a Bitcoin robot, you need to have a look at the risk management solutions that are provided by the robot broker.
So, we think that at this point it is safe to say that we have thoroughly done our research, and we have found what we believe to be the best Bitcoin robots in the industry for you to use for your cryptocurrency trades right now.
As you can see, the world of cryptocurrency trading is a fun and exhilarating place, but it is also a place where you can experience great loss.
One of the biggest advantages to using a Bitcoin robot is that you don’t have to worry about human error, and you are also able to implement hundreds of trades in a really small amount of time.
You’ve just got to really make sure that you make the best decision when it comes to the best Bitcoin robot for your needs because there are so many scams out there and Bitcoin robots that are just waiting to take advantage of you.
When you read articles like this, you are able to get a good idea of what to take into consideration when doing your own research, but you are also able to take our own recommendations as well and try them out through demo accounts.
Always try to make the most of demo accounts when and where you can, because this is going to give you a really good idea of whether the Bitcoin robot is suited to your needs or not.
Good luck growing and profiting off your cryptocurrency trades in general, and we are sure that you will experience a lot of success and growth in this industry in the future!