Bitbot is an RPA bot that trades with a high frequency. It helps to eliminate the errors and insufficiencies associated with manual trading. This crypto bot uses machine learning and artificial intelligence to ensure smart, quick, and profitable execution of orders in the crypto market.
What Is Bitbot?
Bitbot uses robotic process automation that helps remove errors associated with manual trading and ensures faster trading and better results.
|Headquarters||Miami, Florida, USA|
|Supported Exchanges||Multiple exchanges|
|Supported Fiat Currencies||USD|
|Deposit Fees||No fees|
|Withdrawal Fees||No fees|
|Customer Support||Email, online contact form, address, phone number|
The key features of the crypto bot are:
- An algorithmic trading strategy is used by the bot to ensure high returns
- It is capable of handling six-figure portfolios with a lower margin of error
- It has a fast execution time
- The bot leverage Java/Ruby microservices to ensure reliable testing and faster trade execution
- A simple dashboard is present to supervise the bot activities
How does the bot trade?
The bot uses information from a real-time data feed from API related to exchange-based balances, executed opportunities in the previous 30 days, average profit percentage, potential opportunities, the value of dynamic parameters, and the days and hours history to identify and execute fast, accurate, and profitable trades.
Trading approaches of Bitbot
As per the vendor, the bot uses algorithmic trading. The strategy used is not divulged by the vendor and there are no backtests to help assess the approach. So, we are unable to evaluate the approach and its efficacy.
Is Bitbot profitable?
According to the vendor, in its initial development phase, the bot carried out successive micro-transactions that resulted in a $5 profit within 2 minutes of being activated. The vendor claims that this proves the viability of the strategy.
How to get started on Bitbot?
According to the vendor, the bot has not yet completed its development stage as the vendor mentions that its initial phase was successful. The vendor does not provide info on how to get started on the system.
How beginner-friendly is Bitbot?
The bot uses a simple dashboard that provides all the relevant info to the user and helps track the trading activities.
Bitbot compatibility — exchanges and coins supported
We could not find info on the supported crypto coins and exchanges for this service as the vendor does not reveal the concerned details.
Commissions, deposits & withdrawals
The bot uses API keys to connect to your exchange account for trading purposes only. It does not have deposit or withdrawal permission. No commission fee is charged for the trades the bot executes.
Bitbot pricing details
We could not find pricing info for the bot on the official site as the vendor fails to provide the details.
Performance and security
As per the vendor, the bot was able to execute successful microtransactions during its initial development phase. The vendor claims that the successful performance shows the viability of the strategy. However, there is no verified proof of the performance. Further, the vendor does not provide details on the security measures used for protecting user data and privacy.
Is Bitbot regulated?
We could not find info related to the regulation and licenses that the platform has acquired.
Bitbot company reputation
The bot is formed by the partnership made between ATS (Autonomous Trading System), Inc., a Miami-based company that provides HFT robots as a service, and Codelitt, a company based in Miami that helps create better product experience. Team members include Cody Littlewood, Vincent Hendrickx, Vicky Jaime, and Kaio Magalhaes.
For support, a live chat feature, a blog, a resources section, and an online contact form are present. Links to social media channels such as Facebook, Instagram, LinkedIn, and Dribble are available. A location address is also provided along with an email address.
Unfortunately, we could not find user feedback for this bot on reputed review sites such as Trustpilot.
Bitbot review: upsides and downsides
- A fully automated bot
- Fast execution speed
- Insufficient info provided on the strategy
- Lack of verified track record
- Pricing info is not present.
Bitbot review summary
Bitbot is an RPA bot that can work on multiple exchanges and execute orders in a few seconds. The vendor claims that the bot is fast and reliable. However, there is no verified proof of the performance. The vendor does not provide details related to the pricing, security, strategy, etc.
Fees and Commissions: