Funguana: Automated Cryptocurrency Trading Exchange System?
Funguana is an automated cryptocurrency trading platform that aims to introduce fun and freedom to crypto trading. Find out how it works today in our review.
What Is Funguana?
Funguana, found online at Funguana.com, claims to be “the world’s greatest crypto trading system.” That trading system consists of a bot that uses machine learning and similar strategies to consistently buy low and sell high in the crypto industry.
Funguana was created, according to an initial press release, by an individual who “got tired of losing money by incorrectly timing trades.” That individual created a bot that times trades more efficiently.
Obviously, this all sounds good – but there are plenty of cryptocurrency investing bots that promise easy money and perfect timing. Is Funguana legitimate? Or is this just another over-hyped automated trading system? Let’s take a closer look at how Funguana works.
Funguana Working Goals
The main problem that Funguana seeks to solve is that traders don’t always make money on trades. Seriously – the bot wants to solve the problem that traders don’t have perfect timing all the time. Here’s how Funguana explains it:
“With cryptocurrencies remaining so volatile, it is pretty difficult to properly trade them for the most profit possible. Especially because not all currencies can be traded on every exchange, it’s a bit of a chore to keep up with it all.”
Obviously, this is a central feature of any investment – nobody has perfect timing all the time. Nevertheless, Funguana wants to solve that problem while providing a fun solution.
How Does Funguana Work?
Funguana aims to make you a better crypto investor by launching a cryptocurrency trading bot. Here’s the basic process you’ll use to sign up for Funguana, as outlined on the official website:
Step 1) Register and Subscribe: Register to Funguana.com at launch, then pick one of several plans.
Step 2) Choose your Exchange: Enter your desired exchange with details of your API key. Since Funguana will make trades on your behalf, you’ll need to provide the platform with trading privileges.
Step 3) Choose your Preferred Coins: Choose the coins on which you want to focus your trading.
Step 4) “Start the Bot and Profit”: The final step lets you start the bot, then start making money. At this point, according to Funguana, “our machines will look out for the best trades….You don’t have to mess with any extra settings.”
Funguana claims their bot will make money in both bear and bull markets. The website is filled with grandiose statements like “massive gains” and “make a lot of money”. Investors are clearly led to expect massive gains with minimal risk required.
There isn’t much additional information about Funguana available online. The company has posted a 3 minute YouTube video showcasing a demo of their platform in action. In that demo, we see a user interacting with a trading dashboard to highlight different crypto/fiat pairs. You choose your desired pairs, then wait for the trading robot to make successful trades.
Funguana hasn’t yet officially launched. However, at launch, the company appears to be expecting to unveil different pricing plans, including paid subscription plans with various options.
Typically, automated trading platforms will charge a higher price based on the number of exchanges, currency pairs, or portfolios you wish to target.
We’ll let you know when Funguana releases pricing information.
Who’s Behind Funguana?
The Funguana website doesn’t post any team information (or many other details about the company’s technology, for that matter).
The Funguana LinkedIn page describes the company as “a US-based financial trading company. The company is headquartered in Rochester, New York. The team consists of “a group of dedicated traders, analysts and evangelists that believe in the upcoming paradigm shift that cryptography and the blockchain are bringing to the global financial industry.”
Funguana was founded in 2018.
Funguana is a cryptocurrency trading robot that promises to offer easy profits with limited risk or specialized knowledge required. Funguana claims to have created a magical trading system that makes money in both bear and bull markets. All you need to do is sign up, pick a plan, then provide trading access to Funguana via API from your preferred exchange.
As of May 2018, there’s limited information about Funguana available online. The company doesn’t disclose any details about its trading algorithms or machine learning systems, for example, nor do we have any team information or proof of profits.
If none of these things bother you, then you can visit Funguana.com to learn more about the automated trading software and its subscription options. The company will begin offering paid subscription plans in the near future.