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Crypto Profit is a trading robot that allegedly makes users money by speculating on cryptocurrency volatility. The robot is said to have a high win rate which means that it claims to be more accurate than manual trading.
In this review we have investigated whether this software is legit or not and found it to be reliable and fully working. However, please be warned that all trading bots operate on high leverage and hence can result in losses. Do not invest an amount you cannot afford to lose. Keep reading to discover everything you need to know about Crypto Profit or click the table below to go to Crypto Profit’s website.
Is Crypto Profit Legit?
What is Crypto Profit?
You have probably come across Crypto Profit when looking for ways to make money from cryptocurrencies without having to invest a lot of money or time. This bot trades on autopilot and does not require any special skills or knowledge to use.
Crypto Profit is a tool that helps traders to speculate on cryptocurrencies with high accuracy. The robot is equipped with powerful technologies that can derive trends from crypto data and apply them in the users’ account. These technologies include artificial intelligence and its subsets or Natural Language Processing and Machine Learning.
These technologies are synonymous with high-frequency trading, a technique that is mostly associated with elite forex and stock day traders. This approach to trading is characterized by high speeds and big data.
It is worth noting that Crypto Profit conducts both fundamental and technical analysis. In technical analysis, the bot studies thousands of trading charts for trends and automatically implements the derived insights in the users’ account. Fundamental analysis, on the other hand, is all about reading news and acting on them. The artificial intelligence technologies ensure that Crypto Profit can differentiate legit from fake news sources and act on insights before the markets can respond. At least, the website claims that it does.
How does Crypto Profit work?
As mentioned above, Crypto Profit relies on groundbreaking technologies to derive crypto patterns from big data and act on them. This bot relies on robot brokers to handle transactions and facilitate trades. For the record, Crypto Profit is nothing but a trading tool and hence must be used together with a broker.
Not all brokers offer robot trading and Crypto Profit has a list of the brokers it has entered into a partnership with. These brokers appear to have adequate regulation and are reputable. Crypto Profit discloses all its partner brokers before you deposit and hence you have an option to carry due diligence and determine if the broker works for you. Even so, all the brokers provided by this bot offer the same benefits.
Crypto Profit partner brokers’ responsibilities include receiving deposits, providing leverage and executing orders. Once you create an account with Crypto Profit, you are redirected to the robot broker page to make a deposit. These brokers have entered into an agreement with Crypto Profit to set the minimum deposit to $250 and provide leverage of up to 1:1000.
In trading, leverage refers to the amount that the broker is willing to lend to the trader relative to their capital. A leverage of 1:1000 means that traders can place trades worth $1000 for every $1 of their capital. This means that you can make bets worth up to a quarter-million from a small deposit of $250. High leverage balloons your profits but can also lead to enormous losses. That’s why it is often recommended that you only trade with an amount you can afford to lose.
How to Register with Crypto Profit
Crypto Profit key features
Crypto Profit appears to be legit and trustworthy. The following are the features that make it worth a try.
From the reviews we have come across, this robot allegedly makes an average of $100 per day from a deposit of $250..
As mentioned above, this robot trades on a leverage of up to 1:1000. It is worth repeating that high leverage equals high risk and therefore you may experience significant losses when trading with this robot.
Crypto Profit requires users to verify their email and phone number. The process takes less than five minutes. As mentioned previously, the underlying brokers may request a government ID check to confirm your identity. This is a regulatory requirement in most jurisdictions and an important measure in preventing money laundering.
Government ID verification with Crypto Profit brokers takes less than a day. Crypto Profit handles users’ information with strict confidentiality.
Crypto Profit allows users to withdraw their money whenever they want. The process involves filing a request form and uploading it in the funds’ management dashboard. Crypto Profit does not charge any withdrawal fees.
Crypto Profit takes less than 24 hours to process transactions. There are no withdrawal limits with this robot.
Costs and fees
Crypto Profit is a license-free robot. You do not need to pay anything to open an account with this robot. The robot makes money by charging a small commission on profits earned through it. This means that those behind it only make money when you profit. Crypto Profit also receives a small commission from the underlying brokers once you make a deposit through them.
There is a high likelihood of Crypto Profit introducing license fees to new accounts once the pilot testing phase is over. It is therefore wise to take advantage and try it when it is free.
Crypto Profit has a consumer review rating of 4.6/7 on Trustpilot. Most reviewers report making money while trading with this robot. There are also a lot of good reviews about how easy the platform is to use and how knowledgeable and friendly their customer service staff are.
The testimonials published on the Crypto Profit website are also positive. The majority of reviewers are happy with this robot’s transparency.
Crypto Profit in partnership with its partner brokers offers 24/7 customer services. User reviews find them highly responsive through phone and live chat. As is expected, inquiries via mail can take up to 48 hours to get a response.
One of the few areas that Crypto Profit needs to work on is their FAQ page which is shallow and disorganized. They should include a search bar to help consumers to navigate through.
Crypto Profit partner brokers have adequate regulation. Most of them appear to fall under the regulatory mandate of leading bodies including FCA, ASIC, and CYSEC. With a regulated broker, you have an assurance that your money is safe even in the unlikely event of the broker going bust.
Is Crypto Profit Legit? The Verdict!
Crypto Profit appears to be legit and trustworthy. Most online reviews report that this robot relies on tested and proven technologies.
While Crypto Profit seems reliable, it is not without risk. Consequently, do not trade with an amount you cannot afford to lose. It is recommended that you begin with as little as $250 and increase the size of your account by plowing back profits.