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An Honest Tesla Coin Review in 2023

Last updated 17th Jan 2023
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Tesla Coin robot is a cryptocurrency trading software that helps users streamline their cryptocurrency trades. Not only does the Tesla Coin robot generate trading signals to help you with your decisions, but it also converts those signals into executed orders on behalf of traders.

Below is our ultimate review regarding the key benefits of the Tesla Coin robot and some of the potential issues to note before deciding whether to use it for automating your crypto trades.

What Is Tesla Coin Robot?

Tesla Coin is a unique cryptocurrency trading robot that is reportedly powered by AI technology to track the crypto market and pick up on potentially profitable trends. While the bot promotes the benefits of cryptocurrency trading, it also cautions its users of the risks involved, making it easier for you to plan your trades accordingly.

Besides executing trades on your behalf while you focus on other essential matters, the bot also offers trading insights that you can use to establish some control over the trading decisions of the bot. Tesla Coin only executes trades once it identifies potentially profitable signals.

Tesla Coin Overview

🤖 Robot Type:Bitcoin Robot
💸 Minimum Deposit:$250
✅ Is It a Scam or Legit?Legit
🚀 Claimed Win Rate:Not Specified
💰 Trading Fees:None
💰 Account Fees:None
💰 Deposit/Withdrawal Fees:None
💰 Software cost:$0
⌛ Withdrawal Timeframe:24 hours
#️⃣ Number of Cryptocurrencies Supported:4
💱 Supported Cryptocurrencies:BTC, ETH, BCH, XRP, ZEC, and more
💲 Supported Fiats:USD, EUR, AUD, CAD, and more
📊 Leverage:No
📱 Native Mobile App:No
🖥️ Free Demo Account:Yes
🎧 Customer Support:Yes
✅ Verification required:KYC
🔁 Automated Trading:Yes
📈 CFD AvailableYes

Tesla Coin Pros and Cons

Pros

You can trade a wide variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Tesla Coin (TES), and more
Supports multiple payment methods, including credit/debit cards, e-wallet, and bank transfers
No previous experience in cryptocurrency needed to use Tesla Coin
Free to use. No subscription, transaction, or account opening fees
24/7 support service

Cons

Unverified claimed win rate
No native app

Who Is the Tesla Coin Owner?

Tesla Coin is reportedly owned by a team of professional traders and software developers with diverse experience in their respective fields. The owners are supposedly responsible for updating this robot to ensure it maximizes the automated trading potential regardless of market conditions. However, Tesla Coin does not guarantee successful trades, and you must monitor its performance to increase your success potential.

Getting Started With Tesla Coin

There are a few simple steps to getting started with Tesla Coin and automating your trading activities. The robot is user-friendly, and you do not need cryptocurrency trading experience to use it. Here is a brief overview of the procedures involved.

  1. Create an account on Tesla Coin's official website.

  2. Deposit at least $250 via the brokers' Tesla Coin partners with

  3. Activate the Tesla Coin robot and start trading

Tesla Coin Markets, Assets, and Options

What Cryptocurrencies And Products Can You Trade Using Tesla Coin?

Tesla Coin supports a diverse range of cryptocurrencies, including Bitcoin, Ethereum, Cardano, Bitcoin Cash, Ripple, and more. With this wide array of offerings, it is easier for traders to diversify their portfolios and maximize their ROI.

Tesla Coin is specifically tailored to manage cryptocurrency trades and not other market assets like forex and stocks. Fortunately, it is user-friendly for newbies and hosts an adequate number of crypto assets for portfolio diversification.

What Leverage Trading Options Are There?

The application of leverage is a highly risky strategy in CFD trading. While you can make huge profits, this strategy can also leave you with massive losses. Tesla Coin does not support CFD trading at the moment.

What Are the spreads?

According to information on the Tesla Coin website, the robot doesn't charge spreads for automating your cryptocurrency trades. The robot is available for usage free of charge, and all you need is the $250 minimum deposit.

However, keep in mind that the brokers with which the robot is partnered will charge you spreads for their services. Therefore, make sure you confirm a broker’s fee before signing up for an automated trading account. Luckily, most cryptocurrency fees incurred through brokers are low, and we believe they will fit within your budget.

Fees, Limits, and Payment Options on Tesla Coin

How Much Does Tesla Coin Cost?

Setting up Tesla Coin is absolutely free, and you do not need to pay any account registration fees. There are also no subscription or inactivity charges, making it easier for traders and investors to plan their activities. However, you must deposit a minimum amount of $250 to start using the robot.

Remember that Tesla Coin partners with brokers who charge varying fees. Therefore, ensure you confirm the brokers’ fees and check if they fit within your budget. Overall, no credible broker will charge you registration fees, and if you meet one that does, you may want to question their credibility. Tesla Coin’s minimum deposit of $250 is mandatory to access its platform, whether the demo or live account.

💸 Minimum Deposit:$250
💰 Trading Fees:None
💰 Account Fees:None
💰 Deposit/Withdrawal Fees:None
💰 Software cost:$0
💰 Subscription cost:None

What Are the Payment Methods Accepted by Tesla Coin?

Tesla Coin supports various payment methods that are flexible and simplify your trading activities. Transacting on this bot is free, whether while making deposits or withdrawals. Here are the payment methods accepted by Tesla Coin.

  • Debit/Credit Cards

  • Bank Transfers

  • PayPal

  • Neteller

  • Cryptocurrencies

Making transactions using the above payment options is quick, and you can complete a withdrawal within 24 hours.

Does Tesla Coin Also Charge Fees And Commissions?

Tesla Coin is free-to-use and does not charge you fees or commissions for the trades executed in your brokerage. The traders are also not required to pay while signing up or depositing funds.

Tesla Coin Trade Sizes And Limits

Tesla Coin doesn't have trade sizes and limits except for the minimum deposit requirement of $250.

Tesla Coin Platform

How Does Tesla Coin Work?

Tesla Coin is a user-friendly trading platform that partners with various brokers to execute buying and selling orders for its users. These trades are reportedly based on automated crypto market analysis and, as such, allow a user to make trades at a quicker rate than manual trading.

What Devices Can I Use Tesla Coin On?

Tesla Coin users can access the robot via any device with a web browser. The bot works on most popular browsers, such as Chrome and Firefox. However, there is no native mobile or desktop app, and its system only works on web browsers.

You can use Tesla Coin on the following devices:

  • Computer

  • Laptop

  • Android and iOS Smartphones

  • Tablets

Can I Use Tesla Coin in My Country?

Tesla Coin is easily accessible in countries that support or legalize cryptocurrency trading. Examples of such countries include;

CountryIs Tesla Coin Available?
Can I Use Tesla Coin in the UK?No
Can I Use Tesla Coin in Canada?Yes
Can I Use Tesla Coin in Australia?Yes
Can I Use Tesla Coin in the USA?No
Can I Use Tesla Coin in South Africa?No
Can I Use Tesla Coin in New Zealand?Yes
Can I Use Tesla Coin in the Philippines?Yes
Can I Use Tesla Coin in the UAE?Yes
Can I Use Tesla Coin in Singapore?Yes
Can I Use Tesla Coin in France?Yes
Can I Use Tesla Coin in Spain?Yes
Can I Use Tesla Coin in Italy?Yes
Can I Use Tesla Coin in Germany?Yes
Can I Use Tesla Coin in Nigeria?Yes
Can I Use Tesla Coin in Mexico?Yes

Is Tesla Coin Available in My Language?

You can trade on the Tesla Coin website in various languages. Ensure you confirm the availability of your preferred language before getting started.

  • English

  • Spanish

  • Dutch

  • Italian

  • Portuguese

  • Swedish

  • Norwegian

  • French

How Easy Is It to Use Tesla Coin?

Tesla Coin robot is easy to use thanks to its simplified, automated trading functions. You can adjust the bot’s parameters and customize it as per your trading strategy. Tesla Coin also allows you to use charts to perform technical analysis so that you can engineer your bot better for improved performance. Note that automated trading robots are not 100% reliable, and it is crucial to be cautious when using Tesla Coin and only trade with what you can afford to lose.

How Much Profit Can You Make Using Tesla Coin?

There is no specific information on Tesla Coin’s website regarding the amount of profit you can earn with the robot. Your success will fully depend on your knowledge of the cryptocurrency market and your ability to strategize. You must also be willing to track Tesla Coin’s performance to ensure it takes advantage of all arising potentially profitable trends.

Key Features of Tesla Coin

Tesla Coin has some key features that we look into as part of our Tesla Coin review. They include;

  1. Fast Withdrawals

The Tesla Coin withdrawal process is fast and can take up to 24 hours to complete. There are no transaction charges, and you are free to withdraw your earnings at any time. Remember, while the bot uses TES as a store of value in your account, payouts are made in fiat currencies. Therefore convert your earnings into your preferred fiat currency to successfully complete withdrawals.

  1. Automated Trading

Tesla Coin reportedly uses AI technology to track the market on behalf of its users and sends potentially beneficial signals to the broker connected to it for trade execution. By using Tesla Coin, you do not need to spend hours at your trading station managing positions. Instead, spare 20 minutes during the day to track its performance and ensure your trades are executed as planned.

  1. Demo Account

While Tesla Coin offers its services for free, it still provides its users with a demo account for testing it before you start investing your money. Tesla Coin demo account is risk-free and loaded with virtual funds to give you a feel of what the live market looks like. However, you must sign up for an account with the robot and make the required deposit to access its demo account.

  1. Multiple Cryptocurrencies

Tesla Coin allows you to automate trades on various digital currencies, including Bitcoin, Ethereum, Litecoin, and Cardano. These crypto assets are among the top assets when it comes to market cap. Although they are highly volatile, trading them gives you opportunities to earn substantial amounts of profits.

Trading With Tesla Coin: Security and Regulation

Is Tesla Coin Legit?

Yes. Tesla Coin appears to be a legitimate crypto trading robot, and we found some online testimonials in favor of this bot as a reliable product. However, you must dedicate your time to analyzing the crypto market to refine your strategy while tracking its performance. Also, make sure you only trade what you can afford to lose.

Is Tesla Coin Safe?

Yes. Tesla Coin requires the users to complete the account verification process to ensure that the website only attracts legitimate users and shuns away fraudsters. In addition, Tesla Coin is reportedly partnered with regulated brokers, giving the traders the best trading environment.

Am I and My Money Protected?

Your funds are transferred to a wallet on your paired broker when using any trading bot. As such, Tesla Coin does not hold or protect any funds. If you have any questions regarding financial safety, contact your broker directly.

Is Tesla Coin Regulated?

No. Tesla Coin is not regulated, which is one of the reasons it partners with brokers to ensure you trust it. When selecting the brokers, confirm whether their features and security standards meet your trading needs.

Do I Have to Verify My Account With Tesla Coin?

You must first register on Tesla Coin by providing your name and email address. After this, you will be prompted to create a password and provide your phone number. Although you have to verify your account so that the bot can authenticate your submitted information.

How Does Tesla Coin Work? Trading Strategies And Algorithms

Tesla Coin reportedly makes use of trading strategies and algorithms including;

  • Real-Time Trading

  • Automated Trading

  • Historical Price Analysis

  • Technical and Fundamental analysis

Extra Information About Tesla Coin

Educational Resources

In addition to the brokers’ learning resources, you can access more information about Tesla Coin from its small FAQ section at the bottom of its page. Moreover, there are plenty of website blogs you can take advantage of. Plus, consider YouTube channels and podcasts to advance your skills. Then, ensure you practice what you’ve learned on Tesla Coin’s demo account before diving straight into the live markets.

Tools and Charting

Tesla Coin offers plenty of charts, metrics, and trading parameters through which you can try to make a profit trading Bitcoin.

Customer support

Tesla Coin’s customer support is reliable, according to most user testimonials. We couldn't get any information regarding supported communication methods on its website. You can only get in touch with the bot’s support service once you sign up for a trading account.

Tesla Coin Customer SupportDetails
Tesla Coin support emailNot available
Tesla Coin support contact numberNot available
Tesla Coin live chat optionNot available
Tesla Coin other support optionsNone

Demo Account

If you are new to cryptocurrency trading, it is wise to start trading on Tesla Coin’s demo account. With Tesla Coin’s demo account, you can easily understand how it works without spending your real money. Simply put, Tesla Coin’s demo account prepares you for the live markets free of charge.

How to Get Started With Tesla Coin

Getting started with Tesla Coin is a pretty straightforward process, as shown below;

  1. Account Registration

The first step you need to do is create an account. We have shared links on this page for quick access to its official website. Once you create an account using your name, email, and phone number, you will be paired with a broker to guide you through the verification process. Your account will then be ready and fully activated for usage.

  1. Deposit Funds

Tesla Coin has a minimum deposit requirement of $250, which you can make using various payment options such as debit/credit cards, e-wallets, and bank transfers. Remember, the bot doesn’t charge a fee for deposits, but you must confirm with your money provider for additional charges.

  1. Try Demo Account

Before you start spending your hard-earned money, ensure you are confident in your skills and ready to take the risk. Luckily, you can test your skill level using Tesla Coin’s demo account to ensure you are fully prepared. The account is loaded with virtual funds and doesn't have a time limit for usage.

  1. Start Live Trading

Once confident in your skill level, start trading in the live market by customizing Tesla Coin before activating it. Remember, the crypto market is highly volatile, so start trading with the minimum deposit amount before you decide to risk a substantial amount.

How to Delete a Tesla Coin Account?

Deleting a Tesla Coin account is a pretty straightforward procedure. Simply access its integrated broker’s menu and identify the remove command to complete the process. Alternatively, delete the account from its settings page or contact its support service for guidance.

How to Withdraw Money From Tesla Coin?

Tesla Coin partners with brokers who have digital wallets for storing your funds and earnings. Below is how to withdraw your money from Tesla Coin via the brokers it partners with.

  1. Using your username and password, log in to your trading account with the broker.

  2. Go to your wallet and click withdraw funds to initiate the process

  3. Select a suitable payment method from the list of supported options

  4. Enter the amount you wish to withdraw in your preferred fiat currency

  5. Click continue to complete the process. Depending on the payment method, you should have your money deposited in your preferred account within 24 hours.

While Tesla Coin bot uses TES as a store of value in your account, payouts are made in fiat currencies. Therefore convert your earnings into your preferred fiat currency to successfully complete withdrawals. Some of the popularly supported fiats include USD, EUR, and GBP.

Tesla Coin Celebrity/Company Endorsements

Tesla Coin is a relatively new crypto robot in the financial market, thus attracting many traders and researchers wondering whether it is legit or a scam. The robot has also become one of the topics regarding celebrity/company endorsements. We researched these rumors to ensure you get accurate information, and here are our findings.

Is Martin Lewis Related to Tesla Coin?

No. Martin Lewis is a media personality featured on various media platforms. Unfortunately, there is no connection between him and the Tesla Coin robot.

Is Elon Musk Related to Tesla Coin?

No. Elon Musk is said to be part of Tesla Coin’s creation, considering that he is Tesla’s CEO. While many believe that the bot was created by Tesla, we couldn't find any solid proof backing up these claims. So, we consider the rumors false and misleading.

Is Jeff Bezos or Amazon Related to Tesla Coin?

No. Jeff Bezos is a popular American media and business mogul. He founded Amazon and is currently its executive chairman. Based on our research, Bezos hasn't endorsed Tesla Coin, nor is he connected with the robot whatsoever.

Is Keanu Reeves Related to Tesla Coin?

No. Keanu Reeves is a Canadian actor who owns some cryptocurrencies said to be bought for him by a friend. Even though rumors claim that he is related to Tesla Coin, there is no link between him and the robot, indicating that these rumors are untrue.

Tesla Coin in the News

Is This Morning Show Related to Tesla Coin?

No. This Morning show features many episodes, but no one has featured Tesla Coin based on our findings.

Is Dragons Den Related to Tesla Coin?

No. Dragons Den is a TV reality show featuring entrepreneurs pitching their business ideas to retrieve funding from top investors. While rumors are stating that Tesla Coin was featured on Dragons Den, we couldn't find information backing such claims.

Other Tesla Coin Reviews and User Testimonials

If you still have doubts regarding the credibility of Tesla Coin, below is our summary of the top user reviews and testimonials on Reddit and Trustpilot.

What Are the Top Tesla Coin Reviews on Forums and Reddit?

The users have not submitted any reviews about Tesla Coin Robot on Reddit but we found some positive reviews on other websites and forums where the users have praised the platform for having a user-friendly interface, demo account, and low-deposit fees.

What Are the Top Tesla Coin Reviews on Trustpilot?

The users have not submitted any reviews about Tesla Coin Robot on TrustPilot but we found some positive reviews on other websites and forums where the users have praised the platform’s excellent features.

What to Consider When Starting With Tesla Coin

Newcomers in cryptocurrency trading should understand some of the significant aspects that come with using Tesla Coin as a trading robot. Here are some points to consider when starting with Tesla Coin or any other automated trading software

  • Tesla Coin is reportedly partnered with licensed brokers. Therefore, you should take advice from the brokers before getting started.

  • The crypto market is highly volatile, and using Tesla Coin doesn’t guarantee successful trades. Therefore, start trading with the required minimum deposit and increase the capital once you are confident in your skills.

  • Trading can be addictive, making you open positions at the wrong time. To avoid such mistakes, it is always better to keep the emotions at bay..

  • Constantly track and monitor the performance of the trading bot to ensure maximum efficiency and fulfillment of trading goals.

  • With the risk of losing money trading with Tesla Coin, always invest what you can afford to lose.

Is There a Tesla Coin Alternative?

We hope that you will find Tesla Coin suitable for your automated trading needs and give it a try. However, should you find the robot unsuitable, we recommend other highly reputable trading robots as alternatives. Check these crypto trading bots below.

Crypto RobotMinimum DepositRead our review
Bitcoin Digital$250Read Bitcoin Digital Review
Bitcode Prime$250Read Bitcode Prime Review
Immediate Connect$250Read Immediate Connect Review

Tesla Coin Review: Final Thoughts

Based on our review, Tesla Coin seems like a legitimate robot since we haven't found any information that could make us doubt its credibility. The bot is compliant with the KYC protocols and reportedly partners with reputable brokers. In addition, Tesla Coin cautions its users of the risks that come with using it in the highly dynamic crypto market — a critical element to help you trade carefully.

Since Tesla Coin doesn’t guarantee successful trades, we advise you to keep learning more about the cryptocurrency market and improve your skill level. This way, it will be easier to strategize and make informed decisions to maximize your profitability. Fortunately, Tesla Coin has a demo account to gauge your skill level and decide whether you are ready for live trading.

FAQs

Do I need any crypto trading knowledge to get started with Tesla Coin?
Are there any risks of using Tesla Coin?
Does Elon Musk or any corporations (like Tesla) use Tesla Coin?
Tesla Coin celebrity and media endorsements, is it all true?
My Tesla Coin account is frozen, what can I do?
How much profit can I make with Tesla Coin?
Are there any hidden fees with Tesla Coin?
What to do if you're losing money with Tesla Coin?
How to stop receiving Tesla Coin spam emails?
Is Tesla Coin a scam and a pyramid scheme?
Can Tesla Coin be trusted?
What are crypto robots?
Amala Pillai

Amala Pillai

Amala is custom content and news editor based in London. She is a former financial journalist based in Singapore with 7 years of experience covering a range of business and financial topics. Now she focuses on crypto and macro-economics. She has also covered feature profiles, tech, business politics and ESG— she was the Environment Editor for the Solutions Newspaper, 2016 and worked in an editorial capacity at both News corp (Dow Jones) and JBN. She also has experience as a content creator, strategist and brand editor for various financial institutions and banks.