The Chain Reaction crypto trading bot platform is advertised as a way for beginners and experienced traders to automate their trades.
It’s not easy for beginners to step into the crypto or forex trading world, especially if they don’t know where to start. Intermediate and advanced traders also can struggle to generate a consistent ROI. For that reason, crypto trading robots have gradually been developed and are currently gaining in popularity and profitability. Some say the Chain Reaction trading bot is among them.
Throughout this article, we will present the Chain Reaction trading bot. This review will help you decide if it is what you are searching for and recommend an alternative to Chain Reaction.
Chain Reaction – Overview
Before we start our detailed review of Chain Reaction, we want to highlight the main features you should consider.
Minimum deposit
250 USD / EUR
Supported Cryptocurrencies
BTC, ETH, LTC, XRP, DOGE, SHIB and forex pairs
Mobile app
No
Success rate
Claimed to be 65%
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
What is Chain Reaction Trading Bot?
Chain Reaction is an automated trading robot representing itself as an ideal tool for investors looking to earn passive income and improve their chances of profiting from the crypto market, with FX markets also supported.
It was allegedly created in 2017. According to this trading bot, it provides a 65% win rate. It seems to be a well-known trading software giving users greater chances in the crypto market. It claims to be suitable for beginners and experienced traders.
The Chain Reaction platform claims to have all it needs to analyze the crypto market and major currency pairs, gather and extract significant data, and carry out the best transactions in accordance with present instructions. It appears to be one of the most looked-after trading bots since it analyzes and automates trades using some of the most cutting-edge technology.
Chain Reaction Advantages and Disadvantages
We gathered all the advantages and disadvantages of online reviews.
Advantages: Disadvantages:
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
How Does Chain Reaction Work?
Most robot trading platforms function quite similarly. These robots can apparently analyze the market and choose the optimal times to conduct transactions, including buying and selling, according to the AI algorithm on which they are constructed. This is particularly intriguing since it supposedly has an accuracy higher than any human’s, which is perfect for investors who want to get the most out of their crypto investments.
The 65% success rate that they claim on Chain Reaction suggests that the website can be trusted, even though some competitors say that the accuracy of their robot is far greater. We have never tested the platform; therefore, we can’t say if this is true.
According to the platform, it provides KYC verification and assures users are safe and secure when using it.
Chain Reaction Features
Some users speak in favor of Chain Reaction trading bot, while others are not so thrilled with using this platform. Those who helped this trading bot gain some good online reviews are writing about features we need to mention. Here are some of the Chain Reaction features that seem remarkable.
Easy to Use
According to online reviews, Chain Reaction has a user-friendly interface that makes navigating the application easy. This allegedly helps users access all its features effortlessly and start trading in no time.
Free Account Creation
No hidden fees are reportedly applied when opening an account with the Chain Reaction trading bot. Additionally, creating an account seems to take only a few minutes and doesn’t require special skills or criteria.
Automated Live Trading
Automated live trading seems to be one of Chain Reaction’s strongest features. With the help of advanced intelligent robots, the Chain Reaction scans the market, analyzes the current market trends, identifies profitable signals, and completes transactions. This seems to allow traders to automate their transactions while still making money off of them.
Fast and Easy Withdrawals
Users of Chain Reaction claim to get paid within 24 hours, making the withdrawal process quick and simple. We haven’t tested the platform, so we can assure you this is true.
Simple Registration
The registration process is said to be seamless. It appears to require just four steps, which we will cover later.
Flexible Payment Options
Some online reviews claim that Chain Reaction offers several payment methods. When you sign up, you may fund your account with a credit card, debit card, American Express, or Neteller.
Demo Trading
Another feature that comes in handy with this trading bot is demo trading. The main purpose is to let users know the platform better. It appears to be credited with $1500 and includes all the functionality of the actual trade account. Still, it doesn’t mean that the platform will work the same way once you start using it. That’s why you need to be careful since trading is not child’s play. It takes skills, knowledge, and the ability to recognize when it’s the right time to invest.
How to Use the Chain Reaction Bot?
If you want to start using the Chain Reaction, you need to visit the official website of this trading bot and fill in the registration form. You will be asked to provide personal info like your full name, phone number, and email. If you want to start trading, you need to make a deposit. InsideBitcoins advises you to start with a minimum of $ / €250. You should invest only the amount you can afford to lose, just in case. It doesn’t mean you will be left with nothing, but that just in case, do not invest too much before you discover how the platform works. According to the website, you are welcome to start with demo trading. It will help you familiarize yourself with the platform before the live trading. Once you deposit the money and finish demo trading, you can start trading with this robot. When ready, use your funds to make your first investment with Chain Reaction.Step 1: Visit the Chain Reaction Website
Step 2: Make a Deposit
Step 3: Demo Trading
Step 4: Live Trading
Is Chain Reaction a Scam? The Verdict
According to the website, a trading bot can be the answer you need if you’re seeking a way to make passive income in the realm of cryptocurrency. It doesn’t mean you will make a fortune, and it also doesn’t mean you will lose everything. One thing is sure, it all depends on your moves. Don’t be too greedy, and don’t be thirsty for money. Everything takes time.
As for Chain Reaction, its characteristics seem to make the trading bot a great choice. Despite this, we are not in charge of how the platform is used. We didn’t test it. Hence, we can’t make the official verdict. The only thing we can do and do through the entire article is put on a plate all the info regarding this trading bot. Either way, if you decide to go with this platform, we suggest you use the demo version of the platform before beginning to trade with real money.
But if you are willing to try something else, we recommend you go with eToro, as this is one of the regulated brokers. You can read our detailed eToro review and decide if it’s worth your time and money.
Remember that all investment opportunities carry a certain risk. This especially applies to cryptocurrencies, which are still relatively young in the financial markets and are not regulated. Keep in mind investor protection is not applicable while trading with unlicensed brokers.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
Automated Trading on Exchanges
An alternative to using a bot is to use the copy trading feature on eToro – this FCA and CySec-regulated cryptocurrency exchange allows you to replicate the trading decisions of a winning, profitable trader of your choice or a combination of several.
InsideBitcoins recommends diversifying your portfolio by allocating part of your funds to a long-established, safe, and reputable platform such as eToro – never invest 100% of your cryptocurrency into one trading bot or hold it on one website, broker, or exchange. Start with a minimum deposit on any platform you use, and make a small withdrawal as a test.
Copytrading on eToro is similar to using a bot in that you can grow your investment without having to monitor it, trade yourself or make any decisions – all buy, sell, take profit, and stop-loss orders are automated.
FAQs on Chain Reaction Trading
Chain Reaction claims to be a legit trading robot. Nevertheless, take some time to look deeper into this trading bot before investing.
We recommend that you start with the minimum deposit of 250 EUR (or USD) and add more capital only after testing out the withdrawal process.
Chain Reaction seems to support a variety of different digital assets - BTC, ETH, LTC, DOGE, SHIBA, and many more. Is Chain Reaction a scam?
How much should I deposit with Chain Reaction?
What cryptocurrencies does Chain Reaction support?
