NFT Profit is said to be a new NFT trading robot, that can buy and sell and NFTs for the end user, fully automating the process of investing in NFTs. The NFT Profit program has been reviewed on several online websites and been featured on social media in 2023, although we haven’t been able to verify the profitability claims or winrate. The non-fungible token market worldwide has been valued at around $100 billion by the VISA corporation who recently launched an NFT program to ‘help creators navigate NFTs’ and build up a small business using the new emerging asset class. In a similar vein many NFT traders that mint, buy or sell NFTs are looking for software tools to streamline the process and make money with NFTs automatically and consistently. That service is what NFT Profit advertises itself as being able to provide. NFT Profit – Overview From researching NFT Profit reviews online the main features of the bot are summarized below: What the Program Trades NFTs (non-fungible tokens) Stated ROI 99.6% Trading Fee N/A Minimum Deposit $250 Mobile Compatibility Desktop only Visit NFT Profit Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection. NFT Profit Review – Background The NFT Profit software stands out from the other Bitcoin Robots we’ve reviewed on this site, some of which we blacklisted as scams and ponzi schemes. The main difference from other automated trading programs is that it trades NFTs rather than cryptocurrency. NFT Profit appears to work in a simliar way to Quantum AI in that it monitors social media trends and activity to predict movements in the floor price of NFTs, i.e. changes in their valuation based on investor activity and their popularity at a given time. The website claims that its ‘system works according to a proven innovative algorithm’ to analyze the ‘fast moving digital art market’ and provide new ‘opportunities for capital growth’. NFT Profit advert The mission statement on the site is to make the large profits NFT investors have had during the 2020 – 2021 boom more accessible to all retail investors and beginners to NFTs. Their in-house algorithm purports to analyze and calculate ‘millions of key factors’ within the current market and then execute buy / sell actions for the user. That means beginning NFT investors don’t need to monitor Opensea, Rarible or other NFT marketplaces, or social media activity on Twitter by themselves. NFT Profit User Reviews NFT Profit testimonials on the website are generally positive, although we haven’t been able to verify the claimed earnings and profitability. The TrustPilot rating is 4.0/5, also with mostly positive feedback although the number of reviews is not a huge sample size. We recommend starting with the minimum deposit and testing out the withdrawal process to check it works as described. Testimonials are available on the NFT Profit website Advantages of Robot Trading for NFTs The process of creating and selling an NFT yourself or buying one already listed on an NFT marketplace can be time consuming. Getting the best NFT deals can involve placing low-ball bids at auction and playing a waiting game. Using an automated trading program therefore has its pros, alongside some cons. Pros More optimal profit taking strategy Monitor the NFT markets 24/7 Number crunching faster than human traders Less risk of making mistakes such as accepting low offers in NFT auctions Some beginner NFT traders fall victim to scams without help Cons Bot software is unregulated Some NFT marketplaces may not support robot tools No advanced knowledge of the NFT art market and current trends or trading experience is required to get started. Minimal oversight is required as trading robots can work without requiring user input once calibrated. Visit NFT Profit Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection. How to Join NFT Profit – Steps Various NFT Profit reviews online describe the sign up process as quick and simple, taking a few minutes. The steps are as below. 1. Visit the Website Ensure you’re visiting the official NFT Profit website as there are impersonators who attempt to scam users by setting up a fake site or clone of the official website. You can navigate to the NFT Profit homepage using the links on this site. 2. Enter Personal Information The NFT Profit site prompts new users for their name, email address and phone number, and to accept the privacy policy. A personal investment manager will then contact you either by phone or email to enrol you into the program. 3. Deposit Funds We recommend starting with the $250 required minimum investment, or equivalent amount in your local currency. Deposits can be made via a debit / credit card, or bank transfer, and withdrawals are supported through the same payment methods. 4. Start Trading There is said to be a demo account which you can optionally use to paper trade NFTs for practice first, or you can begin trading for real money. Remember your capital is at risk and all trading involves taking on that risk. Part your investment is converted into Ethereum, as ETH is the main crypto used to buy and sell NFTs. Since ETH is in a bullish uptrend simply holding that is also a secondary form of passive income, as its value rises over time. Some NFT marketplaces also use the Polygon blockchain, Solana, Cardano or Tezos. The most popular unit of value when measuring NFT floor prices however is usually ETH. Visit NFT Profit Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection. NFT Profit Alternatives An alternative to using NFT Profit or any similar trading bot is to use the copy trading feature on eToro – this FCA, ASIC and CySEC regulated crypto platform allows you to mimic the trading decisions of a winning, profitable trader of your choice, or several. We recommend diversifying your portfolio by allocating part of your funds into a long-established, safe and reputable platform such as eToro – don’t invest 100% of your crypto funds into one bot or hold it on one website. eToro - Automated Copytrading Our Rating Review Traders' Performance, choose from 1 - 100 to Copytrade No Management Fees Free Demo Account Social Media & Forum Community - Trusted by 30 Million Users Start Copytrading Copy trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk. Read more: Profitcoins.io Review: Scam or Legit Bitcoin Robot? Results Revealed! FAQs Is NFT Profit a scam or legitimate? We haven't been able to verify if NFT Profit is 100% legit in terms of its claimed operating features and winrate, we always advise proceeding with caution and doing your own research (DYOR) before signing up to unregulated trading bot sites. How much can I earn with NFT Profit? Testimonials from users on the site claim to have made profits of several thousand dollars per week, although that will be dependent on how much is invested as the principal capital. How does NFT Profit work? NFT Profit claims to monitor social media engagements and mentions of NFT collections to analyze which ones may move up or down in floor price on a given day, then place buys and sells at inflection points to make profit through arbitrage.
