Automated or algorithmic trading is becoming more and more popular among cryptocurrency enthusiasts. It’s no surprise as cryptocurrencies have been with us for more than 10 years. During this time, many organizations in the crypto space have created innovative applications.
One of these apps is algorithmic crypto trading services. These applications allow the user to rent crypto bots or robots that will do all the digital currency trading for them. This solution is fully automated, so the user does not have to do anything besides setting up and monitoring the performance of the bots.
Today, we review Crypto Robot 365, a popular crypto robot trading platform. After a full test and analysis of the service, we have found that this robot is a scam. Instead, we recommend the legit robot Bitcoin Code, which claims to generate real profits. In this guide, we’ll explain in detail why you should avoid Crypto Robot 365, as well as run through how to start trading on the Bitcoin Code software.
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What is Crypto Robot 365?
Crypto Robot 365 is an algorithmic cryptocurrency trading platform that has been present in the crypto space for quite some time. It has been said that the users of the platform get success rates of over 80% with this app. So, we decided to review the platform to find out the truth.
We started our Crypto Robot 365 review by taking a look at the website of the service. When we were there, the operators stated on the Crypto Robot 365 website that their digital currency bots would help users in increasing the returns of their trades. The service claims supports some of the major coins, including Bitcoin (BTC), Ripple (XRP), Litecoin (LTC), Monero (XMR) and Ethereum (ETH).
Unlike most of the automated crypto trading platforms, Crypto Robot 365 does not promise great returns, such as making $200 every day from an initial investment of $250. Instead, they have created a section at the middle of the Crypto Robot 365 website, featuring the top traders of the month. If you check the page, you’ll see testimonials claiming that users have made profits of over $4,000 (ranging to more than $8,600) with a win rate of over 80% (a win rate is a percentage of your trades that has resulted in profits). If you want to check more results the platform’s traders have made, click the “Results” tab at the top menu bar. You’ll find them there along with customer testimonials.
Please be careful when you are drawing conclusions from top traders’ results. Every trader is different, and while the same strategy can work in a bull market, it may happen that you will lose money with that in a bear market. Also, please note that algorithmic crypto trading has high risks as cryptocurrencies have a volatile nature, and, unfortunately, some of the organizations in the space are not running legit services. Therefore, you should be extra careful, draw your own conclusions, and trade at your own risk.
Unfortunately, we did not have the chance to test the Crypto Robot 365 app. There was an issue that did not allow us to create an account at the service. The platform asks for your name, email, password, and phone number. You’ll also have to tick the box stating that you agree to the terms and conditions of the service.
When we were done with filling out the form, an error message was shown stating that the country where the phone number belongs is not supported. We tried other phone numbers from other countries from Europe, the US, Australia, and Asia, but the service was not available at any of the aforementioned countries and regions. So, either the service does not accept new users or the operators decided to stop their service temporarily.
We have also analyzed whether the Crypto Robot 365 app is legit. It is a crucial step as we don't want you to lose any funds to a scam service. Now, let's see why this step is super important when we are talking about a service or product in the crypto space, how you can spot scams, and whether there is a Crypto Robot 365 scam.
As scammers are targeting the cryptocurrency space, you’ll have to be extra careful before you start using a crypto service. Unfortunately, many of the bot platforms want to steal your funds instead of providing you a legit service.
You can spot a scam pretty easily. It is a skill you need as the crypto space is full of such fraudulent services. Before you start using a service, the first thing to check is that they have a contact page, an address, and a company name. If they are a legit organization, you can continue with your research on the service. If any of the aforementioned details are missing, avoid the platform at all costs! Continue your research with checking for feedback, ratings, and reviews on social media and trusted third-party review sites. If the operators a service are scammers - in case they had success with their “operation” -, plenty of victims have already posted about the issue on the aforementioned websites.
But worry no more! We’ve created this Crypto Robot 365 review for you to analyze whether the algorithmic crypto trading platform offers a real service.
So, is Crypto Robot 365 legit? As we are on the Crypto Robot 365 website, we can see that the service is operated by a real company, Trident Trust Company that is registered in Seychelles. Therefore, the organization is regulated by the Seychelles Financial Services Authority. Furthermore, unlike some of its competitors, Crypto Robot 365 does not have any promises (e.g., “You’ll make $200 a day with an initial investment of $350). Instead, the operators of the cryptocurrency bot platform posted the results of their top users as well as some customer testimonials.
As mentioned before, we couldn’t test the Crypto Bot 365 app itself as the platform did not allow us to create an account. So, we couldn’t dig deeper in our research whether Crypto Robot 365 legit. We can’t say either that the service is legit or scam for sure. What we see on the algo crypto trading bot’s website seems legit. However, to be sure, we would need to test the platform of the service.
We know only one thing for certain: the website did not allow us to create an account, stating that our country (and the ones we tested) is not supported. We will check back, later on, to test the service whether this issue has been solved. If we can do a Crypto Robot 365 sign-up then, we’ll draw our conclusions from analyzing and testing the platform. Therefore, we’ll update this review accordingly.
Who founded Crypto Robot 365?
We don't know the exact person or persons who have created the Crypto Robot 365 system. However, by analyzing the information on the website, we learned that the service is operated by the Trident Trust Company in Seychelles. There is a chance that this company have founded the platform, but we have no proof for that in the current moment.
According to the Crypto Robot 365 website, the algorithmic cryptocurrency trading solution was launched in August 2016. And at the moment it has about 1,000 customers.
How does the Crypto Robot 365 system work?
Crypto bots work the following way. You fund your account with money and wait until the deposit arrives. As soon as your account has the required cash flow, you can start trading. Firstly, you need to set up up the bot. Most of the automated cryptocurrency trading platforms do not require you to do anything besides selecting the coin you want to buy or sell and turning the bots online. After that, you’ll have to sit back and relax, monitoring the performance of the robots.
According to the Crypto Robot 365 service, this service works the same way - in theory. However, as we mentioned before, the website of the digital currency bot did not allow us to create an account at the service. Therefore, we do not have access to the Crypto Robot 365 app. As we couldn’t test the crypto bot, we can’t say anything about how the app works in practice.
As we were unable to create a Crypto Robot 365 account, we’ve created a step-by-step guide for another service: the legit robot Bitcoin Code. The aforementioned crypto bot is our top-rated service. In our guide, we will guide you through the processes of creating an account and funding it, using the demo trading platform as well as setting up and trading with Bitcoin Code.
Can you make money with Crypto Robot 365?
At the current moment, you can't make any profits with the Crypto Robot 365 app. The reason for that is an error related to the country restriction of the platform, which prevents new users from creating an account at the service. Before the error has occured, it may possible that the customers of the crypto bot solution were able to generate profits using the platform. We are waiting for the Crypto Robot 365 sign-up bug to be fixed. Then we'll create and account and analyze whether we can make money with the algorithmic cryptocurrency trading service. In the meantime, you can also check out Bitcoin Loophole app, which as well as Bitcoin Code, is reliable.
The Verdict: new users are unable to use the Crypto Robot 365 app
So, we have reached the end of our Crypto Robot 365 review. Now, let's see what's our take on the crypto bot platform. First of all, the website of the Crypto Robot 365 app seems okay. It seems that the site does not contain unrealistic promises and fake information. So, the Crypto Robot 365 website is okay. On the flip side, the platform of the service is out of order as there is an issue with the registration process that prevents new users from signing up. This error could be either intentional - so the operators do not want new users at the moment - or unintentional. All in all, we hope that the creators will discover and fix this issue ASAP, so we can test the performance of the platform.
We think the service is not a scam, but we don’t have proof for that as we did not see the bot in live action. None of the TV shows - including Dragons Den, This Morning, and Shark Tank, nor Peter Jones and Elon Musk mentioned (officially) the algorithmic crypto trading solution. So, when you see something like that, be very careful.
Instead of using Crypto Robot 365, sign up for a top-tier service: Bitcoin Code. You can find our step-by-step tutorial on the platform by reading back in this article.
What is Crypto Robot 365?
Crypto Robot 365 is an algorithmic cryptocurrency trading app. It means that cryptocurrency trades are managed and executed automatically by the bot. The bot uses different strategies and indicators to determine the best times to sell and buy digital currencies. The Crypto Robot 365 app - along with other automated crypto trading solutions claims to use the volatility of the cryptocurrency market to generate profits.
Which is your favorite cryptocurrency trading bot?
We rated Crypto Robot 365 as neither good or bad. However, there are absolutely fantastic services on the crypto market. We don’t have a favorite cryptocurrency trading bot, though there are a few platforms that have fallen in the top-tier category. This includes the robots we have recommended in this article, as well as CryptoSoft, Bitcoin Profit and Bitcoin Revolution We recommend you to check out the aforementioned services and test them yourself. This way, you can choose your favorite cryptocurrency trading bot.
Are there any risks involved with algorithmic crypto trading?
Yes, algorithmic crypto trading is a high-risk activity. There are multiple reasons for that. Firstly, cryptocurrency has somewhat high volatility compared to other assets - such as stocks, ETFs, fiat currencies, and more. If you invest $100 in a coin, it can go up to $110 in an hour or so, then down to $90 in the next few hours. Digital currencies are pretty much unpredictable. That’s why many traders and investors who prefer low-risk positions avoid cryptos. On the flip side, the margin for profit is allegedly higher than with most assets, so for traders who are willing to take high risks in the hope of great profits, cryptocurrencies present a good opportunity. Secondly, it is a fact that some of the algorithmic crypto trading solutions are not legit. Unfortunately, these fake services are run by scammers who seek to steal your hard-earned funds. For this reason, you always have to be super careful when you are checking out a service. Moreover, some of the algorithmic crypto trading platforms require its users to possess at least a basic level of programming skills to set up the bots. If a user who has no coding skills, in case he or she decides to trade via an automated trading platform where programming skills are a must, he or she can lose serious money. However, most of these platforms - such as Bitcoin Code and the services that have been top-rated by us - don’t require any programming skills from the user. So, summing all this all, algorithmic crypto trading falls in the high-risk category. Therefore, you should trade at your own risk.
Do I need to develop my own algorithmic trading strategies before using the bots?
Some services may require you to develop your own algorithmic trading strategies via either the platform’s user interface (in case there’s an option for that) or by writing code. However, most of the automated crypto trading solutions - such as Bitcoin Code - do not require you to have your own algorithmic trading strategies before using such services.
I’m interested in holding Bitcoin instead. Can you recommend a good cryptocurrency wallet app?
Of course! We have tested numerous cryptocurrency wallet app solutions. But before recommending you a great crypto wallet, let’s start by emphasizing the importance of security. As you will be holding coins on a wallet, you’ll need to step up your security game. Unfortunately, hackers are highly targeting cryptocurrency enthusiasts, and you can easily become one of the victims if you are not careful. Firstly, you need to forget cryptocurrency wallet app services that are offered in the form of online or exchange wallets. While these solutions are great for short-term trading, they are completely unsafe in the long term. Exchanges are one of the high-value targets of attackers, and their wallets do not have the necessary security measures. Therefore, we recommend using hardware wallets that store your coins offline (most of the time). These cryptocurrency wallet app solutions come with a hardware device where you have to type your PIN each time you connect the device & login, and when you send an outgoing transaction. This way, the software side of your cryptocurrency wallet app is protected via the hardware device. In order to a hacker succeed in stealing your coins, he or she has to acquire your hardware device in addition to breaching the software side of your wallet. And, honestly, the attacker has to be a mastermind to succeed in that. As trusted hardware wallets, we recommend using the Ledger Nano S, Trezor, and KeepKey. If you don’t want to buy a hardware wallet, our top picks for software cryptocurrency wallet app services are the eToro Wallet, Hodly, and Exodus.
What’s the best cryptocurrency trading platform to buy Bitcoin at?
We’ve analyzed the services of many cryptocurrency trading platforms. As there is plenty of solutions that offer Bitcoin trading, it is sometimes hard to choose. So, we selected the best of the best services to use in order to buy BTC. We ranked eToro as the best cryptocurrency trading platform among all. The service - which is regulated in many countries, including the UK’s FCA - offers outright coin trading. It means that if you trade coins on the platform, you will be the owner of the cryptos. eToro features a beginner and user-friendly platform, social trading (including copy trading), an easy account creation process, multiple payment methods (including PayPal and credit cards) as well as a regulated service with over 12 years of experience of operating. Our top picks for cryptocurrency trading platforms where you can buy Bitcoin are (besides eToro): Plus500, Binance, and Changelly. While Plus500 is a broker that offers CFD trading for Bitcoin and altcoins (no need to hold coins in a wallet), Binance and Changelly are cryptocurrency exchanges that allow you to be the actual owner of the digital currencies you buy on the platform.