The massive increase in the popularity of cryptocurrency over the past year has led to a large interest in cryptocurrency trading robots or “bots”.
Some of these robots are offered as free software, whilst others charge a monthly fee to registered customers.
Whilst crypto trading bots are becoming increasingly sophisticated and demonstrate improving functionality, not all bots are created to the same standards.
Therefore, traders need to look for reputable auto trading software, which incorporate a number of different signals and indicators.
One has to be careful when dealing with such software though.
In our experience, many of the cryptocurrency auto trading bots are aimed at scamming users into signing up and depositing money into some scam broker’s accounts.
For example, you should be highly suspicious of any Bitcoin auto trading bot promising guaranteed riches, that will make you money without any interferance.
There is also a risk of the software being faulty because of poor coding, resulting in traders losing their money. Don’t let this deter you however as there are plenty of good bitcoin auto trading robots out there with verifiable historical returns.