The Pro Bitcoin Bot advertises itself as a “free to use cryptocurrency auto-trading software”. This software was created for you to trade Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, Ethereum, Ethereum Classic, Monero, Stellar and Zcash.
As you might know, there are many of those in the market and they are mostly scams. Some scams are very easy to spot and get to be almost ridiculous with their promises of wealth while others are smarter and hide the truth better. In our review, we will help you to find out if using the Pro Bitcoin Bot is a good idea or not.
What Is Pro Bitcoin Bot?
Pro Bitcoin Bot enables you to trade many cryptocurrencies… without actually needing to buy or to hold them. We are going to get to the pros and cons of the Pro Bitcoin Bot later, but we consider very important to state that if you “have cryptocurrencies” but you are not actually holding them or have any way to see them, this is a huge red flag.
So, after this fact is stated by the company as if it was a perk instead of a liability, Pro Bitcoin Bot’s site states that the software is very easy to use, so even rookies can use it, it has a demo feature that you can use before you actually use the main version, flexible setting and access to the “top brokers” who will invest for you.
How To Create An Account On Pro Bitcoin Bot?
To create an account, you need some basic valid information. After you register, you have to select a broker next to you and make your initial deposit, which has to be $250 USD or more (you can pay using other fiat currencies).
Finally, you have to decide whether you want to use autotrade and leave all the effort with the brokers and the bots or if you want to receive signals and trade your cryptocurrencies manually.
Pro Bitcoin Bot Auto Crypto Trading Settings
You can customize the program by using many variables. As stated before, the main choice is whether to leave the bot working alone or decide that you only want to receive signals for when you should buy or sell cryptocurrencies.
There are six important technical indicators that you should master if you want to use the bot. They are the Commodity Channel Index (CCI), the Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), Stochastic Oscillator, Trend Indicator and the Williams %R. You can get more information about each of them on the site.
Finally, you have to choose one from three strategies that are available for you: Conservative (Classic System), accelerated (Martingale System), most accurate (Fibonacci System). While the first one gives you lesser profits but you have lesser chances of losing, the second one is considerably more aggressive.
Should You Use Pro Bitcoin Bot?
The company defends its software stating that it has a risk free demo option, high returns and broker compatibility, also using brokers from important exchanges like BinaryOnline, Opteck, BinaryCent and uTrader.
On the other hand, the site of the company does not really seems trustworthy. Why would you even need brokers if you had a good trading bot system? All lead us to believe that this is not a good bot (in the case that it is not a scam, which is definitely a possibility). The so-called brokers are also not regulated.
Because of this, we believe that there is a high level of risk involved in using the Pro Bitcoin Bot.
Pro Bitcoin Bot Conclusion
This is a company that you should avoid at all costs. $250 USD is too much money to gamble with a system that does not look good at all and, quite frankly, if $250 is an irrelevant amount of money to you, you definitely have options that are considerably better than this one.