A Complete Crypto MasterBot Review: Is Crypto MasterBot a Scam?
Crypto MasterBot is an automated trading software system that grants users the ability to trade Bitcoin and other cryptocurrencies with the expectation to make a profit. Due to the system’s automation, you don’t need any prior experience in trading to use this software.
Automated trading robots have only recently been invented. However, this automation isn’t a strange concept for many to understand as it’s taken the world by storm. As a result of this, there are many users making use of such automated trading platforms.
With the creation of different automated trading software, there’s bound to be discrepancies in the performance of each trading robot. Thus, there is some trading software that can be deemed as trustworthy and others that can’t. Each trading software has its skeptics. Some have more than others, and for a good reason. Thus, it’s important to understand which trading software you should invest your money in and which should be avoided at all costs.
Crypto MasterBot is a trading software that’s met with heaps of skeptics. Today, we are going to look at the finer details that make up Crypto MasterBot to help decide whether Crypto MasterBot is a scam or not. Thus, to help you decide whether you want to use the trading software present on the Crypto MasterBot platform. After conducting an extensive amount of research, this is what we found:
Is Crypto MasterBot Trustworthy?
The reason for this is described below. However, the final statement is that Crypto MasterBot isn’t trustworthy. For this reason, you shouldn’t invest your money into this platform unless you would like it to be taken away by hackers. This isn’t the only automated trading software that isn’t trustworthy. We have also reviewed other trading robots that we don’t recommend you invest in. These other untrustworthy trading software’s include Crypto Bank and Bitcoin Bank.
According to the real-time testing that was conducted, we found that the real legitimacy offered by Crypto MasterBot is exceptionally low and only reaches two percent effectiveness. This two percent figure indicates there is going to be an infrequent occurrence where you won’t be earning a profit.
An alternative phrasing of this would be that you are never going to be able to procure any sort of benefit from using the Crypto MasterBot platform. Due to this, it’s highly advisable to look for other, legitimate platforms which hold the ability to provide you with a reasonable accuracy rate. Some automated trading platforms that you may want to consider are Bitcoin Era and Bitcoin Champion.
Crypto MasterBot Review
When compared to any other cryptocurrency trading robots that are equipped with automation features, the Crypto MasterBot claims to work with similar technologies as these trading robots but fails to reap the same benefits.
The software designed for Crypto MasterBot is based on high-frequency trading. This is the same feature that’s incorporated into most cryptocurrency trading robots, which allows the software to use algorithms as a means to detect market changes.
Standard cryptocurrency trading platforms use high-frequency trading to analyze enormous amounts of data generated from the market. This can be done in seconds. After this data has been studied and processed, the profitable deals are identified and placed. This process allows users to gain a return on their trade.
However, the makers of the Crypto MasterBot software don’t have any intention of providing the user with any payouts. Due to this feature, the technologies behind the Crypto MasterBot are a gigantic hoax and are never going to provide this return on any trades.
How Does Crypto MasterBot Work?
The first element we would like to inform you about is that all of these fraud software trading robots incorporate a specific type of technology that provides these platforms with the ability to gain popularity and people’s support. We have heard many people ask how these fraud platforms are so popular, and this incorporation of specialized technology works as a reasonable answer to this question.
One way that this popularity is generated is from the implementation of hype marketing. However, this tactic isn’t necessarily used in Crypto MasterBot’s marketing strategy. All of the official home pages of any cryptocurrency trading platform provides users with a vast amount of information pertaining to the software and services offered.
The home page of Crypto MasterBot’s official website provides this information. However, all of this data is fake and untrue. The sad truth is that one can’t identify that Crypto MasterBot is a scam unless they look closely into what is said on the website. Even still, users need to experience the software for themselves to ensure that their conclusions are indeed true. Nonetheless, we have done this for you so that you don’t need to waste money on finding out if Crypto MasterBot is a scam.
Moreover, all of the information available on the Crypto MasterBot official website is either copied or made up. The creators of this trading robot claim that its algorithms have the ability to conduct trades by analyzing thousands of market charts in a mere split second.
We have a vast amount of knowledge in the trading world and aren’t aware of such a technology that holds this capability. Thus, if this were indeed true, surely the software would be mountains ahead of other trading software platforms and be able to provide users with a return on trades. However, this isn’t the case. In providing users with this information, the makers of Crypto MasterBot are trying to make this software look legitimate.
What Are the Features of Crypto MasterBot?
Deposits and Withdrawals
The customer service offered on this platform is never present, and even if it was, it’s highly unlikely that those behind the service would help you. The agenda behind creating this software was never to provide profit to its users. Thus, you should expect any effective customer service.
A good way to identify whether a platform is legitimate is by seeing if the platform asks you to verify yourself. Fraudulent platforms are going to ask you to do this because they don’t care about your identity. These software creators only care about your money. There isn’t any verification system present on the Crypto MasterBot platform, which supports the claim that it’s a scam.
The automated trading robot claims to have an accuracy rate of 88 percent. This has already been identified as false as you’re guaranteed never to gain any profit on trading. For this reason, the payouts are never going to be processed, and you should expect to see any of this profit.
When you register on any trading platform, you’re automatically matched with a broker in your region who is required to place trading deals in your name. This is essentially how every automated cryptocurrency software functions. However, all brokers integrated into this platform are complete frauds and aren’t going to place any deals on your behalf. These brokers are only going to take your money and leave you with nothing.
After reading through the home page of the Crypto MasterBot official website, you’re going to be met with a variety of testimonials from users who have had a good experience using the platform. However, these are all fake, and after conducting a little more research, you’re likely to find that other sources where people have invested in the software and never gained a profit.
Costs and Fees
Although the Crypto MasterBot doesn’t charge any fees for using the platform, you can account for the initial investment and any other deposits made as the cost and fees of using the platform. This is because you aren’t going to see a return on that money and can essentially be flushing that money done the toilet, as you aren’t getting anything in return for it.
For this reason, we cannot recommend this automated trading software to anyone as you aren’t going to gain any return on your investment. This is mainly due to the two percent accuracy rate, that’s marketed at 88 percent, and the integration of brokers who are essentially hackers who take your money. The only result that is expected when joining this Crypto MasterBot platform is that you’re going to lose all the money you invest into your Crypto MasterBot trading account.
With all that being said, we don’t advise you to use this platform to conduct trades in the cryptocurrency market. However, suppose you are looking to become a trader and wish to trade cryptocurrency. In that case, there are other automated trading software options that provide users with the ability to gain a return on their trades. These trading robots are Bitcoin Era and Bitcoin Champion.