ScamCryptoRobots.com is the industry leader in exposing and blacklisting SCAM crypto robots, fraudulent bitcoin and crypto signals, and recommending legitimate systems that actually generate profit. Scam Crypto Robots is designed first and foremost to safeguard, protect, and alert our viewers and subscribers about new get-rich-quick crypto scams which are being launched on a daily basis. It’s no secret that there is a massive surge in popularity of Bitcoin and other cryptocurrencies such as Ethereum, Ripple, Zcash, Dash, Monero, and Litecoin. Sneaky con artists are riding the Bitcoin Wave and using the massive media coverage the new virtual currencies have been receiving to promote their fraudulent crypto scams, but our staff of diligent researchers is dedicated to exposing crypto scams and fake crypto robots and signals.
What Are Bitcoin and Crypto Robots?
Crypto robots are in essence automated trading signals or systems used to automate the trade execution process. Algorithmic trading has taken over the more antiquated trading methodologies and today account for most of the world’s trades. The designers and engineers behind legitimate Bitcoin and Crypto robots understand this and developed truly profitable automated crypto trading apps and systems. However, there are many greedy scammers looking to piggyback on the latest Bitcoin craze and provide you with fake crypto robots designed to steal your money and generate profits for the online promoters and dirty brokers who are orchestrating the scam.
Most Well Known SCAM Crypto Robots
First and foremost Crypto Robot 365 tops the list as the most fraudulent software responsible for deceiving and misleading hundreds if not thousands of innocent would be traders looking to cash in on a legit automated crypto app. We also have to mention that this fake system is being endorsed by some of the industry’s most prominent review sites which are acting as de facto affiliate marketers and receive hefty commissions for referring customers (that’s you). Additional fake crypto robots include the Bitcoin Code, Bitcoin Loophole, BTC Robot, and Crypto Edge. All of these dirty get-rich-quick crypto scams are directly responsible for ruining the lives of many families across the globe.
Contrarily there are various systems which operate and produce results. Some names to consider are Gunbot (AKA Crypto Bot), Haas Bot, Crypto Hopper, Gekko, Zenbot, CryptoTrader, Tradewave, Crypto Advantage, and Leonardo.
Regulation and Virtual Exchanges
When examining the regulatory aspects of crypto robots it is smart to look at the systems from two different perspectives. The first has to do with the ones that are integrated with brokers, and the second looks at the robots which actually trade cryptocurrencies for you and plug into currencies such as Poloniex, Kraken, Bittrex, Bitfinex, or Cryptopia. In essence the software itself in both cases is proprietary and usually not patented. In this context the most important thing to check is the regulation concerning cryptocurrency trading in your legal jurisdiction. For example, traders searching for an automated cryptocurrency robot from Sweden will want to examine European regulation, and Australians looking for a legit crypto robot will want to look at what ASIC has to say about cryptocurrency trading.
Types of Crypto Robots: Brokers or Exchanges?
There are two types of robots. The first have to do with the actual investing aspect and trade real cryptocurrencies, meaning they buy and sell bitcoin in an attempt to make profit in the price margins. For example, if you buy BTC at $8,000 and sell it at $9,000 then you made a profit according to the trade size. The second ones are similar to futures trading. To be specific, you are speculating that Bitcoin or Ethereum will decrease in value so you sell a “short” contract and if it decreases as you predict then your brokerage account will reflect the margins. In other words, you are not trading the actual currency, you are actually betting on a trend and letting the trading platform act as an intermediary. There are crypto robots which cater to both types of trading, and it’s a smart move to check if the bitcoin or crypto robot that you have chosen is scam or legit. Finding a genuine automated crypto app is not a simple task as there are many fake bots out there which are being marketed as genuine systems by affiliate marketers and online promoters who wish to get a cut of the action.
What does being transparent really mean? At the end of the day the systems you choose are either effective or not right? Well, it’s not that simple as you may have guessed. Partnering with the right software means you have to factor in various aspects such as where is the signal feed originating from, what type of technology is being deployed to integrate with third party providers. Usually, a RESTful API integration is the way to integrate with CRM modules, another way is via XML feeds however most people don’t understand how the technology works and just want results and a reasonable return on their investment. Our staff checks and examines every aspect of the system including the regulatory, financial, operational, and marketing aspects. Our detailed crypto robot reviews connect the dots and assist our members to derive insights and conclusions based on our experience and knowledge in the online cryptocurrency trading environment.
Crypto Signals Or Trading Automation?
This is the question we constantly get asked and the answer is quite simple. Most people don’t have time to trade manually and understand that algorithmic or automated trading is the way to go. Some of our members are more interested in controlling their trades and wish to have their fingers on the pulse so to say, and that is why they are looking for a tested cryptocurrency signals system. Some say that there is a trade off and that ease of use is more important that executing profitable trades consistently. In reality this is not the truth as there are reliable signals as well as automated trading solutions and we showcase the best in our recommended section.
Crypto Signals on Telegram
If you are offered access to a telegram group then you should know that in most cases it is a SCAM since there is no documentation of conversations and that is a breeding ground for crypto scammers looking to sell you fake signals and get paid for referring paying customers.
Forex and Crypto Trading Strategies:
Crypto robots are essentially based on algorithmic trading formulas which have built-in trading strategies such as MACD, Trend, or Fibonacci retracements. Usually you will find that these types of crypto robots integrated with Forex or CFD brokers which is perfectly fine. However, if your software is connected to a binary options broker then you should immediately disconnect and delete all your personal information as you are surely being led awry and about to get scammed.
Ponzi Schemes, HYIPs, Fake ICOs, and Faucets
Do the name Charles Ponzi and Bernard Madoff ring a bell? Ponzi schemes are a type of pyramid scheme which feeds off a growing base of new recruits. The profits are paid off in small chunks which are deducted from the investors initial investment amount until there is nothing left and then the scheme shuts down unless more recruits join and broaden the base of the pyramid. HYIP’s or high yield investment programs operate in a similar way just marketed a bit differently and more aggressively. Faucets are promotional tools which offer Satoshi or “Bitcoin cents” for performing certain tasks like clicking links or responding to a certain ad. Some faucets are legit but for the most part you eventually end up doing work and not getting paid. ICO’s are initial coin offerings which ask people to invest in a new currency. In many cases its a scam and after you invest you can kiss your money goodbye. What do all of these have in common? Human greed and the fact that everyone is looking to cash in on the latest bitcoin craze. It’s important to remember that as opposed to all the schemes mentioned above, crypto robots (the legit ones) offer a viable solution for anyone looking to trade bitcoin or crypto-currencies. The staff and management at ScamCryptoRobots.com goes to great lengths in order to screen and filter out all the fake crypto and bitcoin robots or signals which are designed to turn you into someone’s personal cash cow instead of offering a viable trading solution which helps you make money trading cryptocurrencies online. Our recommended section is divided into two primary parts, the first offers genuine investment robots such as Gunbot, and the other offers an automated trading bot such as FX Master Bot which integrates with regulated and tested Forex and CFD brokers. We also have a complaints hotline so if by any chance you feel you have been scammed, please submit a detailed scam report and we will do our utmost to assist you in remedying your financial situation.