Crypto Profit is an auto trading bot that allegedly makes up to $1000 per day from a deposit of $250. This robot is said to be among the best crypto trading bots in the market today. Moreover, it’s 100% auto, and anyone can use it, including those with zero trading expertise. But is Crypto Profit legit?
Learnbonds has carried out an in-depth analysis of this bot and found it to be legit. Crypto Profit has good reviews on both TrustPilot and Forex Peace Army. The majority of reviewers praise this bot for exceptional performance, ease of use, and excellent customer service.
We have done a demo test on Crypto Profit and confirmed that its web-trader is built with the beginner trader in mind. Read this review to the end to learn more about the features that make this bot worth a try. Before we get started, it is essential to point out that all forms of trading involve significant risk. Only trade with what you can afford to lose.[toc]
What is Crypto Profit?
As mentioned in the introduction, Crypto Profit is an auto robot that trades cryptocurrencies with an alleged win rate of above 90%. The bot can supposedly generate up to $1500 in less than 24 hours of trading and from a deposit of $250. Crypto Profit utilises the high-frequency trading technique to conduct trading research and execution.
According to Investopedia, High-Frequency Trading (HFT) involves powerful algorithms transacting a large number of orders in a split of a second. This method of trading has a reputation of beating the markets 90% of the times. While many bots claim to apply HFT, only a few have the real technologies. Crypto Profit appears to be one of them given its reputation with users.
From the data we have managed to gather, this bot appears to have a proven track record of beating the markets. Moreover, there is proof that it relies on artificial intelligence, a core technology in HFT trading. This technology is known to improve accuracy with time which explains the ever-growing alleged profitability. As mentioned in the intro, Crypto Profit has supposed profitability of up to 400% per day.
The world-leading HFT bots report higher earnings of up to 1000% within the same time frame. It is worth noting that HFT is also applicable in other assets trading, including stock and forex. However, Crypto Profits focuses on crypto markets only.
How does Crypto Profit work?
Crypto Profit feeds the signals derived from its research to select brokers for execution. These brokers systems are such that signal execution happens instantly. High-Frequency Trading takes place at high speeds meaning that the brokers that partner with this bot must have systems that can support instant order execution.
The mandates of trading robots also include receiving deposits and overseeing all transactions. A trading robot is not a financial institution and hence cannot correct deposits from the public. Good robot brokers are usually well regulated to ensure that users’ funds are safe even when the broker files for bankruptcy.
One of the laws that regulators impose on brokers requires them to segregate all deposits and submit reports on their status. As a result, they are bound from using your money for any other purpose other than the required one. Scam robots bypass this law by partnering with unregulated offshore brokers. These brokers are easy to detect, given that they usually have a poor online reputation.
We have reviewed Crypto Profit brokers and found them to be legit. Most of them appear to be regulated by leading authorities including the UK Financial Service Authority (FSA), the Cyprus Securities and Exchange Commission (CYSEC), and the Australian Securities and Investment Commission (ASIC).
What justifies Crypto Profit high alleged profitability?
Crypto Profit supposedly generates up to $1500 per day from an investment $250. Some of the user comments we have seen allege that this bot can generate up to 400% in daily profits. This level of profitability appears to be too good to be true but is justifiable when several factors are taken into account.
- Powerful trading algorithms – As explained earlier, Crypto Profit relies on artificial intelligence to conduct trading research. This technology not only ensures accuracy but also makes it possible for the bot to place thousands of trades in less than a day. Consequently, the bot can capitalise on almost any trading opportunity that comes by. Crypto Profit applies the AI subsets of Machine Learning and Natural Language Processing to conduct both technical and fundamental analysis.
- High leverage – Crypto Profit partner brokers provide leverage of up to 1:2000. This makes it possible for users to place trades worth up to two thousand times their capital. Case in point, a trading account with a deposit of $250 can place trades worth $500k. High leverage magnifies income but can also translate to losses. Learnbonds cannot stress enough on the need to trade with money that you can afford to lose.
How to trade with Crypto Profit
Trading with Crypto Profit is surprisingly easy and only involves five steps. As mentioned earlier, no trading experience is needed to use this robot. Crypto Profit is only available in select countries, and hence you must check if their website is accessible in your country. If not, read out kickass top bitcoin robots 2019 for alternative robots.
STEP ONE: Register a free account
Account registration with Crypto Profit takes less than five minutes. All you have to do is visit their website and submit your details via the form provided on the top right corner of the page.
Crypto Profit holds users information with strict confidentiality. The robot applies standard encryption to ensure that no third party can copy users’ data without permission. Moreover, they ensure that users adhere to the necessary safety measures, including password protection.
You will be required to create a strong password and change it after every three months when using this robot.
STEP TWO: Verify ID via the partner broker’s page
After registration, Crypto Profit will redirect you to a locally regulated partner broker page. Here you will be required to submit a government-issued ID and a document that indicate your current address for verification. This step is inevitable with all well-regulated brokers. You should embrace it since it is an assurance that the broker operates ethically.
The ID verification process is part of the worldwide Know Your Customer campaigns initiated by governments to weed out money laundering. A broker that does not require you to go through this process is likely to be a scam.
STEP THREE: Deposit a minimum of $250
Crypto Profit partner brokers accept deposits via Wire Transfer, major debit and credit cards, e-wallets including Skrill, Netteller, WebMoney, and bitcoin and Ethereum crypto wallets. The minimum deposit is $250, and there are no withdrawal charges.
Learnbonds has confirmed that Crypto Profit handles users’ information with strict confidentiality. This means that your billing information is safe with this broker.
STEP FOUR: Practice through a demo account
Crypto Profit provides a demo account to help users familiarise with the live trader. The demo account appears to have all the features you will find in the live web-trader. Learnbonds recommends that you practice with the demo until you are well-versed with how the bot responds to different market events.
Crypto Profit demo account simulates real market conditions given that it backtests on live data. This means that the results you receive through the demo account are not far from what you get in the live account.
STEP FIVE: Live trading
Live trading with Crypto Profit is simple and straight forward. As mentioned earlier, this trading bot runs on autopilot, and hence traders do not need to invest in crypto education to use it. Live trading with Crypto Profit involves toggling the trade now button. You also need to adjust the risk management features to fit your desired level of risk per trade.
If you are a beginner trader, we suggest that you leave the risk settings at default. Crypto Profit is usually set at 10% risk per trade by default. This is the recommended level of risk for risk-averse traders. Adjusting the risk settings to a rate that is higher than 10% increases the risk of blowing your account in a few trades.
All trading carries risk.
Crypto Profit: Key Features
Crypto Profit ranks among the best crypto trading bots in the market today due to its unique features. These include;
1. High alleged profitability
Crypto Profit allegedly generates up to $1k daily from a deposit of $250. We have found a lot of reviews indicating that the bot performs consistently. While we cannot guarantee that you will make these profits, we are 99% certain that you will find this bot worthwhile.
2. Easy to use platform
Crypto Profit runs on autopilot, and hence you do not need to be a professional crypto trader to use it. Furthermore, we find the verification process with this bot to be quite straightforward. Most of those who have left this bot a review on TrustPilot indicate that no skill is needed to use it.
3. Seamless withdrawals
Crypto Profit through its partner brokers allows users to withdraw their profits whenever they want. You must submit a withdrawal request form through the provided portal for your funds to be processed. It takes a few hours for withdrawals to reflect in your bank account. There are no withdrawal charges.
4. Safe to use platforms
Crypto Profit platforms have the highest level of encryption to ensure that hackers cannot intercept traffic and steal data. Moreover, they have a policy in place to dictate how they handle users’ personal information. Crypto Profit is also compliant to data protection regulations such as the EU General Data Protection Regulation (GDPR).
5. Excellent Customer services
Crypto Profit provides 24/5 customer service. Clients can reach them via email, phone, and live chat. While it takes a few seconds to get connected to their agents through telephone and live chat, it can take up to two business days to get a reply on email. We recommend that you call them directly or chat them on their website for all urgent communications.
Is Crypto Profit legit? Yes!
Crypto Profit appears to be legit. This robot has excellent features and is well rated on performance, ease of use, customer service, and security. A demo test on this robot confirms that it relies on real trading technologies. You can try Crypto Profit through the link below and inform us about your experience with it in the comment section below.
Yes! Our investigation finds this bot to be trustworthy. We have tested its platform and found it to be based on real trading tech.
Crypto Profit requires a minimum deposit of $250. Learnbonds suggests that you begin with this amount.
Crypto Profit allegedly makes up to $1500 in daily profit from a small deposit of $250. The earning potential with this bot is dependent on the invested capital.
Yes! Crypto Profit allows users to withdraw their money whenever they feel like. Fill a request form, and your money will be processed in a few hours.