You have probably come across Crypto Engine when looking for a passive way to generate an income online. This trading robot allegedly generates thousands of dollars per day speculating on crypto volatility. With this robot, traders can trade popular cryptos including Bitcoin, Ethereum, Bitcoin Gold, Monero, Zcash, Ripple, Status, Golem, and Lisk.
But is Crypto Engine legit and is it a good idea to try it? From the information we have managed to gather, Crypto Engine appears to be legit. This robot has great online feedback with most users reporting consistent performance.
We have not managed to verify if it is possible to earn the alleged $1500 per day from a deposit of $250. However, from what most users report, there is a big potential of earning such returns. This review will take a deep dive on the features that make Crypto Engine worth a try.
Is Crypto Engine legit?
What is Crypto Engine?
Even with the plummeting crypto prices, the number of people generating great returns is rising by the day. You may be wondering how this is possible. The most successful crypto traders apply trading tools that enable them to bet on both the rising and falling crypto prices. In other words, they can bet on falling prices and generate a profit.
Crypto Engine is one of the tools that are applied by these traders. This robot has the power to analyze huge data sets and come up with tradable insights. Moreover, the robot executes these insights automatically. Consequently, traders do not need any expertise or skill to use the bot. The most common technology used by Crypto Engine and related bots is Artificial Intelligence and its subsets of ML, DL, and NLP.
These technologies enable the robot to perform both technical and fundamental analysis with an alleged accuracy level of about 95%. As mentioned earlier, some users allegedly make up to $2k per day from a deposit of $250. Such level of earning is possible given the technologies that Crypto Engine relies on and the trading conditions offered by its partner brokers. Most robots powered by artificial intelligence have a reputation of beating the markets.
It is through the AI technologies that popular traders such as Navinder Sarao make billions of dollars or even trigger a market crash.
How does Crypto Engine work?
Crypto Engine operates in partnership with specialized robot brokers. These brokers’ roles include receiving deposits and executing orders from the robot. Unlike traditional brokers, robot brokers are equipped with trading systems that ensure instant order execution. Trading robots such as Crypto Engine apply a strategy known as High-Frequency Scalping. This trading approach requires instant order execution given that a small slippage is likely to result in huge losses.
We have tested Crypto Engine partner brokers and found them to be of high quality. Firstly, they are all regulated by leading bodies such as the Financial Conduct Authority (FCA), the Financial Service Board (FSB), and the Australian Securities and Investment Commission (ASIC). Secondly, they have a great reputation on independent broker review sites including Forex Peace Army. This means that most users are happy with their trading conditions.
A properly regulated broker is a guarantee that deposits are safe even in the event of bankruptcy. Brokers also provide leverage to enable traders to magnify their trades. Crypto Engine partner brokers offer a leverage of up to 1:5000. Consequently, traders can take positions that are 5000 times bigger than their invested capital.
High leverage equals to high earnings but can also result in catastrophic losses. Crypto Engine through its partner brokers offers negative balance protection to help minimize risk. Even with this feature, there is still a possibility of losing your entire capital. Only trade with what you can afford to lose.
How to register with Crypto Engine
How to get the best out of Crypto Engine
While Crypto Engine is fully auto, there are tips you can follow to get the best out of it. These include;
- Ensure that the robot is running unmonitored for at least 8 hours per day – Crypto Engine performs well when left to run for at least 8 hours in a day. Avoid keeping checking your account since this is likely to cause anxiety or excitement and hence tempt you to abort trading.
- Trade when Wall Street is awake – The best time to run Crypto Engine is when Wall Street is open. This is because the NYSE is the biggest driver of crypto volatility given the many related derivatives traded there. Wall Street time is UTC/GMT – 7 hours.
- Start small – As mentioned above, you should not invest more than $250 as a beginner. Starting small gives you the peace of mind to observe trends and determine when the bot is likely to perform better. Remember that Crypto Engine performs optimally during periods of high volatility
- Get a trading buddy – A trading buddy will help you stay focused and disciplined. You can share this review with close friends and form a trading club.
Is Crypto Engine legit? The Verdict!
InsideBitcoins investigation finds Crypto Engine to be legit and certainly worth a try. We can confirm that this robot is well-reviewed by users on TrustPilot and Forex Peace Army. Moreover, there is a lot of positive feedback on social media with most users reporting making great returns through it.
The high alleged returns reported by this bot are justifiable through its trading technologies. As explained in this review, Crypto Engine relies on Artificial Intelligence technologies. These technologies are the best in trading and have a reputation for beating the markets.
If you are still in doubt, we recommend that you read our robot trading guide to understand how high-frequency robots work. Visit Crypto Engine website through the link in the table below.
Is Crypto Engine legit?
Yes! This review confirms that Crypto Engine is trustworthy and worth a try. The robot has great reviews on TrustPilot among other independent review sites.
How much can I earn with Crypto Engine?
Crypto Engine has alleged profitability of up to 300% per day. We cannot promise a specific return given that performance depends on the current market conditions and risk settings.
How much should I deposit with Crypto Engine?
You need at least $250 to open an account with Crypto Engine. We recommend that you start with not more than this amount if you are a beginner.
Can I withdraw from Crypto Engine?
Yes! Crypto Engine allows users to withdraw their money whenever they feel like. There are no withdrawal limits or charges. You need to fill a request form for your withdrawal to be processed. All withdrawals are facilitated within five hours.