Last Updated: 27 November 2023
Bitcoin robots are usually fully automated, requiring no prior trading knowledge. To get started, simply create a free account and click the “live” button. Even while some bitcoin trading bots charge a monthly subscription fee, most do not require a license. Those who do not charge a license fee earn money by charging a tiny commission on earnings generated through their services. We recommend that you only trade with individuals that are willing to trade.
It’s also worth noting that the majority of robots are only available in nations with a regulated broker. A step-by-step tutorial to getting started with a bitcoin trading robot is provided below.
Top 3 Bitcoin Robots
2. Bitcoin Era
3. Bitcoin Evolution
STEP ONE: Create an account for free.
To create an account, go to any robot homepage and click the registration icon. You will be given a form to fill out with your name, email address, and phone number. Legitimate bitcoin robots keep users’ data private and adhere to data protection regulations such as the GDPR.
License-free BTC bots make money by charging a modest commission on any profits generated by them. This approach is ideal since it encourages them to develop their technologies in order for people to see a return on their investment.
STEP TWO: VERIFICATION OF IDENTIFICATION
Bitcoin robots, as previously indicated, rely on regulated brokers to execute trades and enable transactions. All regulated brokers are now required to verify their users’ identification and place of residence. This occurs in order to avoid money laundering.
The user must upload a clear photo of both sides of their government-issued ID as part of the verification process. By providing a recent bank statement or utility bill that includes the address at the top, on the other hand, is proof of residency. The process could take up to 24 hours to finish.
STEP THREE: COMPLETE THE FORMULA. Put down the minimum required trading capital
The majority of bitcoin trading robots need a $250 minimum deposit. Most debit and credit cards, Western Union, Wire Transfer, and e-wallets like Skrill and Neteller can be used to make deposits. Several bitcoin robots accept Crypto-wallet deposits.
Legitimate trading bots do not charge deposit fees. Furthermore, they let users who choose not to trade withdraw their funds at no cost. All of the above-mentioned legitimate robots have been verified to be safe and feature a user-friendly withdrawal process.
STEP FOUR: Practice (Demo) and real-time (Live) trading
A practice account is available with the majority of bitcoin trading bots. Before going live, you should acquaint yourself with the robot using this account. Remember that even a minor error in settings or trading session scheduling can result in considerable losses in auto trading. Before going live, it is critical that you study the trading instruction offered by the trading bot in question and practice with its demo.
With most BTC bots, the live trading is as simple as clicking a button. Some systems allow users to establish and alter risk levels. Users can choose whatever trade insights they want to implement in their accounts using the semi-automated ones. Only trade with 100% auto trading robots if you are a complete beginner. Furthermore, they should refrain from altering risk settings. By default, most robots are programmed at the suggested risk limit of 10% each trade.