Review Review 2024: Do the Trading Bots Work? Is it a Scam?

Published on: March 14, 2024
Last Updated: March 14, 2024 Review 2024: Do the Trading Bots Work? Is it a Scam?

Published on: March 14, 2024
Last Updated: March 14, 2024


#1 Top Rated

#1 crypto trading bot in 2024

#2 Top Rated
Coinrulefree plan available

#1 Top Rated

#1 crypto trading bot in 2024

#3 Top Rated
TradeSantafree trial available


In recent years, has caught the eye of a number of crypto traders. Promising simple overlays, manageable automation with little to no experience, and profitable solutions all in one package did gather a lot of attention and interest.

Does it deliver on what it promised, though? We will find out in today’s review. Review 2024

In the sea of familiar names and nondescript bots not worthy of serious attention, every once in a while a name pops out. In this case, the name of the crypto trading bot is

Its main selling points are simplicity and very low experience threshold in IT and trading in order to set up and run.

In spite of robustness and simplicity, it allegedly provides users with substantial gains on crypto exchanges.

Before taking this for granted, let’s take on a test ride together in this review, shall we? 

What is is a crypto trading automation software packaged in the form of a trading terminal that houses scripts and trading bots with the intention to drastically reduce the time a day trader has to spend at the screen, alertly observing the market conditions.

In other words, is a crypto bot with the premise similar to every other trading bot out there. 

Several key aspects were designed to differentiate it from the rest of the competition.

First of all, is not cloud-based which is often taken as the standard of the industry, but rather downloaded and installed on one’s own device.

The second, perhaps more immediately obvious aspect, are the visual design and visual mode of trading.

This is intended to help people who feel uncomfortable with raw data and/or have no experience in deciphering the sometimes cryptic numbers that come out of crypto exchange analyses.

With, everything is drawn out for the user to visually digest.

Does it work, though?

Visual Trading Visual trading

The idea of visual trading sounds awesome on paper.

Beautifully rendered trading results within charts and infographics sure are an eye candy and sometimes provide a soothing and alternative sight in place of the usual boring old numbers and letters that day traders are used to.

In addition to looking nice and feeling fresh, it also helps rookies learn the ropes much more quickly.

Drag-and-drop, click what you see for further data, and follow the lines on the charts are almost innate skills that humans in the digital era have, regardless of their level of expertise in cryptocurrency trading, and puts all their money on that card.

After all, you don’t have to know how to read the puzzling numbers and letters if there is a chart with colorful lines, dots, and shapes that either go up or down, right?

Well, it sounds really fun and it sure does help beginners ease into the trade, but there are certain downsides to the visual trading approach.

Not every information is readily digestible in visual form, and things tend to go out of hand if you have several indicators that you have to follow at the same time.

Being beginner-friendly and focusing on simplifying things as much as possible benefits, well, beginners only.

As soon as people get the hang of the thing, colors start to get in the way and the watered-down solutions do not offer quite the same punch as those “dry”-yet-effective traditional ways of numbers and letters.

A fresh idea with a lot of benefits for newbies?

Sure. However, this approach can leave those with some experience dissatisfied with the overall performance, and an honest review cannot skip this statement.

Trading Bots Trading Bots

The visual, simplified, drag-and-drop approach is taken with available crypto trading bots as well.

This means that the main way of obtaining crypto bots with is either using the already-established bots or linking features from a set of predefined settings together by dragging and dropping in a specific order.

There is a rudimentary Python strategy editor, but it is significantly less stressed than the colorful, beginner-friendly solutions.

Cookie-cutter bots and predefined features are a good solution for those traders with little to no experience, but leave a lot to be desired for the more seasoned users.

Beginner-friendly solutions in most cases lack the customizability that is required to hone the bot and make the full out of the ever-shifting market trends and circumstances.

If you do not have the option to alter what works, which is good for rookies, you also do not have the option to improve the parts that no longer fully fit the category of being profitable in the given situation, which is bad for experts.

So yes, trading bots are well-suited for beginners, but those with some time in the crypto trading industry behind their belt will go looking for something that gives them more features, more capabilities, and more customization options.

Something like Pionex or Bitsgap, for example, offer much more in terms of options for serious crypto day traders than what is covered by this review.

That said, there are 4 basic pre-made bots that come with

These include Exponential Moving Average bot, which relies on indicators to shift its average point of buy/sale, Bollinger Band bot, the Static Ping-Pong bot, which is in its essence a variation of margin bot, and the classical Margin Bot that is the most basic form of trading automation. 

Supported Exchanges Supported Exchanges

When it comes to crypto exchanges that can be connected with trading bots, the number is big and the variety is good.

In fact, supports 30+ exchanges, including Bittrex, Binance, OKEX, Kraken, Gemini, KuCoin, and many others, both major and niche ones.

When it comes to supported exchanges, the rule of “the more, the merrier” is applied, so this feature is more than welcome. Thus, we support it wholeheartedly in this review.

Security & Customer Support

In its essence, safety and security policies are decent. A wide variety of measures are implemented in order to make sure that your sensitive data is protected.

For example, their servers host only the first half of your API key, and even that is hashed and encrypted.

Even if their servers get hacked into and the measures decrypted, the data stored is insufficient to allow meddling into your funds.

Furthermore, the communication between the exchanges and your device does not go through servers, which eliminates the possibility of the company taking hold of any of your info and storing it without your knowledge, or storing it at all.

When it comes to the customer support, it comes only in the form of chat during certain hours of working days, in every other case it is limited to email communication, without any option of live communication, a sad news for the review of

Pricing Pricing has a hybrid pricing approach which offers both monthly and annual subscriptions, as well as lifetime licenses for those willing to pay once and get done with it.

The Starter plan provides access to one crypto exchange and a balance of up to $10,000.

It allows an unlimited number of bots, every available technical indicator, and spot and derivate trading. It costs $19 per month.

The next plan, Standard, allows multiple exchanges and a balance limit of $100,000.

It provides everything in the Starter plan, unlocks every supported exchange, and removes the limit on the number of connected exchanges for a cost of $39 per month. 

The Whale Trader plan costs $199 per month and allows unlimited balance on the account, multiple APIs per exchange, video call support, as well as everything from the previous packages. 

The ultimate plan, Institutional, comes for $499 per month and adds API, Arbitrage explorer, Smart Order Router, and a bunch of other quality of life improvements aimed at joint ventures into the crypto exchange by a team of traders. 

Subscriptions for every single of these plans can be bought for a whole year, which gives a discount of 25% on the total price.

Alternatively, traders can opt for a lifetime license for a fixed price.

Only two plans have these options, and these are Standard and Whale Trader. Prices for these licenses are $499 and $3999, respectively.

It is worth noting in this review that you can try out for free in a 7-day trial version and see for yourself everything that the service has to offer before committing. Review Verdict

Ultimately, we have still to judge whether is a magical solution that removes the experience threshold and allows rookies to compete with pros by looking at charts and visualized solutions to creating bots and observing market states.

Sadly, this is not the case.

While the process is made much easier and simpler than it really is, in return the results are very diminished when it comes to profitability.

Lower threshold allows more traders into the field, by all means, and this is welcome, but simplified solutions simply cannot compete with fully-fledged bots that have been carefully crafted and honed to perfection by experts and regular traders with greater freedom of features and strategic approaches to trading.

For example, users who have opted forBitsgap and Coinrule have the means to create a script that is much more reliable and capable than anything has to offer, while still retaining some of the simplicity and visual cues that have been totally embraced by

Finally, see for yourself. Give it a go and notice the difference. 

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Written by Thomas McGovern

Thomas McGovern is a highly experienced blockchain and cryptography expert with over a decade of experience in the field. He has worked on numerous projects involving blockchain technology, including the development of decentralized applications and the implementation of secure cryptographic protocols. McGovern’s expertise in this area is complemented by his academic background; he holds a master’s degree in Mathematics, with a focus on cryptography and number theory.