Bitbot is one of the many tools in the crypto market that removes the manual human element in trading. It is able to conduct multiple transactions automatically at the same time. The software also integrates a simple dashboard where traders can monitor its performance and get a glimpse of its most recent activities.
First Bitbot quick summary
Bitbot was mainly created to solve the high frequency trading problem in the crypto market. In this regard, the devs capitalized on technologies that offered a dependable testing environment, vigorous error handling, and fast execution time to create a swift and dependable trading bot. As a result, the velocity needed to handle large volumes of trades within a short time was introduced to the bot.
Upsides/downsides
| Upsides | Downsides |
| Performs many trades at once | Lack of pricing details |
| Various customer support options are present | Exchanges supported are unknown |
| No info about the registration or purchase process | |
| Features are not revealed |
| Platform reliability: | 3/5 |
| Pricing: | 2/5 |
| Ease of investment: | 2/5 |
| Customer support: | 4/5 |
| Exchanges supported: | 2/5 |
What is Bitbot?
Bitbot is an RPA (Robotic Process Automation) bot that engages in high-frequency trading of crypto assets. As such, it is able to implement millions of trades and scan many markets/exchanges within seconds.
How does Bitbot generate profits?
As an automated trading tool, Bitbot seeks to leverage certain recurring inefficiencies in the market. It is designed to automate the discovery, assessment, and execution of trades in the crypto market. Besides increasing your speed of trading, Bitbot strives to ensure you work with a viable strategy and obtain a competitive advantage in the market through its machine learning and Artificial Intelligence components.
Safety and security
Bitbot applies API security. In particular, its security structure is built on a series of APIs that supply real-time data to a safe web-based frontend with info that relates to a range of activities. These actions include exchange based balances, implemented opportunities in the previous month, potential opportunities, history by days and hours, opportunities out of bounds, values, and more.
How Bitbot pricing works
There’s zero information about the price of this system on its official website. We find it odd that the devs have decided to remain mum about this subject. They could have at least mentioned if they offer this product for free or require potential customers to pay for it. What’s worse, the team doesn’t say anything about the features the bot comes with.
Available exchanges
In the cryptocurrency trading space, automated bots normally perform trading on either a single or multiple crypto coins on one or more exchanges automatically. So, it is a common practice for vendors to list the exchanges they have integrated into their products. Unfortunately, this is not the case with Bitbot. To our dismay, we could not find any info on any exchange the system supports.
How long has Bitbot been in business?
We cannot provide a definite answer to this question. Info on the system’s launching date is also missing. What’s clear, though, is that the company behind it, Autonomous Trading Systems Inc (ATS), was formed in 2015. So, it could be that they developed this system around this period or much later.
How to get started with Bitbot
We don’t know what criteria traders are required to follow to acquire this trading tool. As usual, the devs fail to share this info.
Customer support
The bot provides a few customer support options. One of them is a live chat, which offers a way for users to have back-and-forth conversations with customer representatives in real time. However, the service is not available on weekends. We also have an online contact form that facilitates direct contact with the support team through email. Lastly, the vendor’s phone number is available for those wanting to have one-to-one talks with support agents.
The bot supports high-frequency trading, something that gives its customers an edge over manual traders. Even then, the lack of transparency in the sales pitch is worrying.
From hiding the pricing details, registration process, features, to not disclosing the exchanges supported, the devs raise substantial concerns about their reliability. In this regard, serious traders may give the product a wide berth.
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