There are two types of crypto robots. The most popular ones have to do with actual investing. What we simply mean here is trading real cryptocurrencies. Basically, this entails buying and selling popular digital currencies such as bitcoin and Ethereum in an attempt to make some profit in the price margin. Let’s assume for instance you bought Bitcoin at $19,000 and sell it when it reaches $30,000. You’d have made some profit according to the trade size.

On the flip side, there are also speculators who would want the price of Bitcoin or Ethereum to go lower so they can maximize their profits on short contracts by shorting these digital assets instead of staying flat like most traders do when buying crypto futures contracts. Just so you know, trading crypto futures contracts is less risky compared to when trading crypto yourself.

Another thing we would love to add here is that with crypto future contracts, you aren’t trading the actual cryptocurrency. What you’re doing is simply betting on a trend and leaving your preferred crypto robot to do the rest of the job.

Also, keep in mind that the crypto market is saturated with myriads of crypto trading robots who cater to different types of traders. So it’s always a smart move to know exactly what you want before choosing any cryptocurrency trading robot.

Nevertheless, always keep in mind that finding legitimate crypto trading bots can be challenging, especially with the many fakes scattered all over the crypto space.

Honesty & Transparency
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 as 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 originates from, and what type of technology is being deployed to integrate with third-party providers.

Usually, RESTful API integration is a 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 in deriving insights and conclusions based on our experience and knowledge in the online cryptocurrency trading environment.

Crypto Signals Or Trading Automation?

Trading cryptocurrency can be super challenging and time consuming especially for folks who want to make extra bucks on the side without sweating it. While most old school traders would choose manual trading over automation, there is no denying the fact that trading automation is becoming more appealing than ever before.

For people who don’t have the time and expertise to trade manually, choosing algorithmic trading wouldn’t be a bad decision. If you have always wanted a system that allows you to trade with ease or doesn’t require a lot of effort from you, you won’t go wrong to choose automated trading systems. To be honest, they deliver the best results

The best way to start trade automation is to opt for an online trading platform or system that offers automated trading solutions. Also, it’s best to opt for an online platform with a track record of providing reliable signals from expert traders.

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

• Pyramid Schemes have caused millions of people around the world to lose money. And because we care deeply about you, we don’t want you to be a victim. Here is the thing, a Pyramid Scheme often relies on new recruits to keep the system going. Besides being called Pyramid Schemes, they are also referred to as Ponzi Schemes. They are named after Charles Ponzi and Bernard Madoff, two dubious figures who are believed to have started the schemes.  A typical Pyramid Scheme has people hooked by promising them mouthwatering returns. To qualify for these rewards, you’ll be asked to recruit more people under you. While a Pyramid Scheme may appear healthy at first, it is only a matter of time before the system goes bust. Once new recruits stop coming in, there would no longer be enough rewards to give users. It’s also worth noting that it is only people who jump in early that make anything worthwhile, if any.

• HYIP’s or high yield investment programs as most people know operate pretty much the same, only marketed and distributed differently. Even though Faucets, especially those that offer Satoshi or Bitcoin cents for executing certain tasks like clicking links or responding  ads are legit, unfortunately, because of the many scams being perpetrated in the space, many Faucet owners do the hard work and end up not being paid. The reason for this is that many fraudulent high yield investment programs prey on people’s lack of knowledge on how cryptocurrency or Bitcoin works.

• ICO, a short acronym for initial coin offering, used to be very popular in the cryptocurrency space. This marketing endeavor typically asks people to invest in a particular cryptocurrency project before it is unveiled for public sale. While ICOs have been used by tons of crypto projects to raise capital for their project, more often than not, ICO investors find themselves with nothing more than an empty wallet after investing their hard earned money into fraudulent schemes.

One thing you should be aware of is that most scams have a peculiar similarity, Human greed” Sure, cryptocurrency investment provides exciting returns to investors, but if you get tempted by Make Money Quick schemes and the likes, it is only a matter of time before your investment vanishes and we are sure you wouldn’t like that. Before putting your money into any cryptocurrency schemes or robots, make sure to do your due diligence.  Our highly experienced team at ScamRobot.org have invested so much time into research to help screen out all of the fraudulent and questionable cryptocurrency robots that are designed to rip users off. Any crypto robot that isn’t providing any viable solution that helps users make money trading digital assets online, will be featured on our list.  Besides exposing fake robots, our team will also provide an honest and unbiased review of legit robots that seamlessly integrate with crypto exchanges and help users make money.  If you ever come across a crypto robot that seems too good to be true, it probably is.