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Best Bitcoin Robots

Khashayar Abbasi
Khashayar Abbasi
July 28th, 2023
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Bitcoin (BTC) robots have become one of the most discussed subjects in crypto trading today. They are an increasingly popular way to invest in Bitcoin because they are accessible for beginners and save users time and hassle. Many people even prefer them to traditional trading. However, there are differing opinions on their efficacy and legitimacy.

We have taken the time to review the best Bitcoin robots on the market and have provided relevant information and honest reviews on their profitability, function, usage, pros and cons, and more to help you understand your options. By the end of this article, you will have discovered if Bitcoin bots are legit or scam in addition to which ones might best suit your needs.

Best Bitcoin Robots in 2024

Cryptocurrencies are extremely volatile. With the market always open, it all boils down to who has the time and know-how to react quickly to price changes. The need for round-the-clock monitoring of crypto assets has led to the development of crypto robots. This section reviews the best performing Bitcoin robots in 2023. We have provided a list of the top crypto bots below:

What Is a Bitcoin Robot?

A Bitcoin robot is simply an automated tool or set of programs that have been designed to carry out cryptocurrency trading on behalf of human traders or investors. This is similar to hiring an expert trader to manage your assets and make trades for you, but it is much cheaper and automated.

A Bitcoin robot uses a complex algorithm to analyze the markets, read signals, and place trades based on market data. They are more efficient than humans as they can monitor the market 24/7 and place trades the instant a trading signal appears. Still, investors and traders can play a role in when and how the bots trade.

How Does a BTC Robot Work?

Robot trading has been in existence in the forex and stock markets for over a decade but it has gained traction in the cryptocurrency market within the last few years. Crypto robots work and operate based on the following elements:

Computer Algorithms

Robo-trading uses sophisticated computer algorithms to analyze market data. APIs could be used to trade a coin strategically.

Market Data Analysis

This module analyzes raw market data from a variety of sources and makes super-fast decisions on the asset’s position based on the smallest of price changes.

Trading Signals

A bot can use a range of technical indicators to provide trading signals. They give an indication of potentially profitable times to buy or sell based on changes in the market.

Artificial Intelligence

Through the advanced technologies in AI and Machine Learning, robots can efficiently learn from the past to improve their performance.

Mathematical Formulas

Bitcoin robots also use formulas from predetermined trading strategies. This takes the emotion out of trading that often causes human errors.

Top 5 Bitcoin Robots in 2023

There are tons of Bitcoin robots in the crypto universe. We have hand-picked some of the most popular and best-performing robots for you as seen below:

Bitcoin Code

Bitcoin Code is an advanced automated trading software that makes crypto trading easier. Steve McKay, a software developer, designed the bot. It works on both mobile devices and computers and is suited to those who want to earn passive income from crypto trading online. Bitcoin Code can make thousands of trades every minute and claims a success rate of 99.4%, though this is unverified. Still, users are often advised to monitor their accounts for a minimum of 20 minutes every day.

Although named Bitcoin Code, it also trades altcoins such as ETH, BCH, LTC, DASH, and several others. New traders can hone their skills with a demo account before proceeding to a real one. The bot has a minimum fixed deposit of £250 on its platform, which is compatible with different payment modes. Transactions take place on the broker’s page and there are no hidden charges on profits or commissions on withdrawals. This means that you get to keep everything you earn while trading with the robot.

The bot offers 24/7 customer support and can be used on several exchanges. The registration process is straightforward and the platform is user-friendly, just like Ethereum Code, making it ideal for beginners. With easy withdrawals, no hidden fees, a stop-loss feature, and thousands of users, Bitcoin Code stands out from many other robots.

Also, Bitcoin Code has an excellent time leap of 0.01 seconds, putting it ahead of the market. It has faster trade execution and a strong verification protocol. Although it does not exactly have dedicated apps and has been surrounded by rumors of scams, the software remains one of the most popular out there.

Bitcoin Era

Bitcoin Era is another sophisticated automatic trading robot, launched in 2019. The software was built by several Fintech businesses. According to users and developers, the bot trades at milliseconds faster than most of the other algorithms and programs and can support millions of users around the world without any glitches in performance. Its faster market reaction of 0.01 seconds gives its users an edge. Like Bitcoin Code, it trades other coins such as LTC, ETH, EOS, and several other altcoins.

The software is free to use and the brokers on the platform are registered and regulated. However, you need to invest a minimum of £250 to use the platform. Bitcoin Era has a claimed accuracy rate of about 90% and a claimed win rate of about 88%, but this is difficult to verify.

Bitcoin Era is user-friendly and suitable for both beginners and pros, touts a dedicated customer support team, and enables fast payouts. Still, the website seems to contain ambiguous information, which could be misleading, and there are many sites with the same name. Both of these things led to rumors of it being a scam.

Although the robot can leverage up to 5,000:1, the ultra-high leverage could backfire and lead to astronomical losses on trades. However, those who use Bitcoin Era with caution could find it a useful addition to their trading arsenal.

Bitcoin Revolution

A team of specialists and software engineers at a financial event founded Bitcoin Revolution in 2015. Like many other trading bots, it uses computer algorithms to predict price movements and carry out trades. It has a fast reaction to market changes of 0.01 seconds, which traders can leverage particularly during the most volatile periods.

Bitcoin Revolution stands out for being able to separate data for technical and fundamental analysis. Users need a minimum deposit of £250 to start trading although the robot itself is free. The platform claims to be the most advanced bot and the first to put AI and blockchain technology together. The robot has a partnership with some of the top-ranking crypto brokers and exchanges available. Another advantage of the platform is its competent 24/7 customer support. However, it is noteworthy that the project seems to be overselling itself. This could raise suspicions among traders.

Bitcoin Lifestyle

Some of the most successful crypto traders in history developed the Bitcoin Lifestyle trading robot. The automated software analyzes huge chunks of data to decide when to place trades. An API connects the bot to your broker’s trading account to transmit signals to the broker on a continuous basis.

The platform claims to have generated millions of dollars for users within two months of its use. However, this has not been proven. Traders pay a little commission on profits and the minimum deposit is £250. The Bitcoin robot supports ETH, LTC, and EOS. The platform is efficient with withdrawals taking less than 24 hours, great customer support, and the website is user-friendly. A drawback to this robot is that Bitcoin Lifestyle is not available in all countries.

Immediate Edge

Immediate Edge is a UK-based cryptocurrency auto-trading platform. It claims to provide daily profits which could be as high as £1,500, though it hasn't provided evidence to back up this claim. Its trade win rate is purportedly a staggering 99% according to the company, although these claims have not been verified. The website is free to use although there is no app for it.

The Immediate Edge team uses a range of market signals, trading charts, pattern recognition techniques, and statistics to carry out trades. Fast withdrawals, multiple payment methods, easy registration, free demo trading, and SSL encryption are some of the pros of Immediate Edge. However, it trades only four cryptocurrencies (BTC, ETH, LTC, and EOS) and there is limited information about its founders.

Do Bitcoin Robots Actually Work?

Trading bots react to the market. By collating data, they are able to make predictions about trends and future price movements, which is what they base trades on. Trends and technical indicators can suggest how BTC's price is more likely to behave in the future. However, Bitcoin price is ultimately decided by the activity of traders, which may be based on emotion. This means that no trading algorithm can be 100% accurate.

Most trading bots use an exponential moving average (EMA) to begin market analysis and can be programmed to adjust to certain thresholds based on price changes. Since EMA only works on past performance, there are limits to its future performance predictions. Also, market conditions remain largely unpredictable and volatile. So, while Bitcoin robots have the potential to perform better than humans, they won't always get things right, and there will always be inherent risks attached to them. There are both benefits and drawbacks to their use.

Advantages and Disadvantages of Bitcoin Robots

As with almost everything, there are advantages and disadvantages to Bitcoin Robots. The bots work like humans in certain ways and show huge differences in other areas. Therefore, traders need an in-depth understanding of the bots’ unique pros and cons in order to leverage these tools.

  • More efficient than humans as they can handle more data and stay online 24/7
  • No emotions to cloud judgment during trading decisions
  • Easy to use for people of all experience levels
  • Much faster than humans to analyze markets and place trades

Are Bitcoin Robots Profitable?

Bitcoin robots claim to increase the probability of making profits. However, no robot can guarantee profit and there will always be a risk of loss. For this reason, you should only trade with money that you can afford to lose.

How Much Can I Expect to Make With a Bitcoin Robot?

There is no clear answer to this as it will depend on various factors such as the size of your trading capital, which strategies you employ, and how the market behaves. Remember that it is also possible you could make a loss with a Bitcoin robot.

Are Bitcoin Robots a Scam or Legit?

Opinions have remained divided on the legitimacy of Bitcoin robots. We will explore the reasons behind each claim.

Are Bitcoin Robots Legit?

There are many legitimate automated trading solutions in existence. However, as with most other industries, the opportunity has been plagued by Bitcoin robot scams. Therefore, users must exercise a great deal of caution when using them.

Bitcoin robots are not a get-rich-quick scheme and losses are possible as well as profits. Overall, automated trading is a legitimate concept but comes with a great deal of risk. Before investing in any robot, ensure that you have done your own research properly.

Are There Any Risks With Bitcoin Robots?

Crypto trading is risky regardless of the robot. This is mostly due to the volatility of the market. When it comes to Bitcoin bots, there are significant risks associated with them. Some of these risks are attributable to the trader’s level of knowledge.

For example, forgetting to set limits or monitor the robot, not doing enough research before entering the market, entering the wrong website, etc. Also, it could be due to scam brands and fake celebrity endorsements.

Which Bitcoin Robot Is Right for Me?

With plenty of information all over the internet, it could be hard to determine the Bitcoin bot that is best for you. This often depends on your capital, level of experience, and objectives. Based on the costs and fees, features and trading tools available, deposit/withdrawal methods, deposit or withdrawal limits, and portfolio, any of the Bitcoin robots that we have mentioned in this article could be right for you.

How to Get Started and Trade on a Bitcoin Robot

Signing up with Bitcoin bots is straightforward and is generally the same across all bots. We have highlighted the step-by-step process from registration to withdrawal:

Step 1: Go to the Website
Step 2: Fill in the Sign-up Form
Step 3: Start Your Demo Trading
Step 4: Start Live Trading With Real Money Whenever You are Ready

Conclusion

Bitcoin robots can make traders' lives much easier. However, some are not worth your time and money, and others seem to be scams. In the course of this review, we have highlighted the best Bitcoin robots having put our time, efforts, and resources into creating a comprehensive and unbiased review.

We have explained how Bitcoin robots work, their pros and cons, risks, trade patterns, and how to get started on any of them. Ultimately, it is up to you whether you use a Bitcoin robot and which one. Just make sure you do thorough research and don't risk money you can't afford to lose.

FAQs

Can I buy Bitcoin with a Bitcoin trading robot?
Are all Bitcoin robots scams?
Are Bitcoin robots legal?
Why do celebrities get associated with Bitcoin robots?
If I want to, where can I buy Bitcoin?
Do other cryptocurrencies have trading robots?
Is now a good time to invest in Bitcoin?

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Contributors

Khashayar Abbasi
Khashayar discovered Bitcoin back in 2014 and has since spent countless hours researching the different use cases of cryptocurrencies. He has a bachelor's degree in International Relations and has been a writer in the financial services industry for nearly half a decade. In his spare time, Khashayar enjoys photography, cycling, and ice skating.