Ethereum Trader Review for 2021 – Scam or Not?
Most auto-trading robots are designed to help you trade Bitcoin, the most popular of all cryptocurrencies. However, there are tons of other crypto options out there, like Ethereum. They often get left behind when we talk about auto-traders.
Whenever a new trading system comes out that focuses on anything other than Bitcoin, it’s always exciting, and you want to try it out.
Before you do, consider this review on Ethereum Trader. You’re going to find out if it’s a scam, the benefits of it, and how to use it (or if you should.)
Is Ethereum Trader Legitimate?
There are tons of bots out there that either don’t work correctly or are downright scams. They may try to cheat you out of your hard-earned money.
Typically, there are telltale signs that a trader bot isn’t legit. None of them have appeared when we checked out Ethereum Trader. You don’t see insane promises that are way too good to be true. There are no sketchy business practices, and everything seems legitimate. In fact, the system is designed well, and we find that it’s safe for you to trade with.
What Is Ethereum Trader?
We find that Ethereum Trader is similar to other Bitcoin trading bots, such as BitQT and Immediate Edge. You can use the automated trading system to trade Ethereum instead of Bitcoin. Plus, you don’t require technical knowledge as you do with traditional brokers. Ultimately, it automates all aspects of the trades, making it easier for you to use cryptocurrency effectively.
How Does the Ethereum Trader Work?
The system is quite ingenious and simple when compared to other Bitcoin platforms, but that could be a negative and a positive.
For one, Ethereum Trader isn’t built with excessively powerful technology like the competitors for Bitcoin. However, it’s also easy to use because of that.
Just set up an account, which is quick and easy to do. Then, you make a deposit to a reputable broker like InvCenter or ETFinance. Once you’ve done all that, you fill in the numbers on the position you want. They are limits that the bot has to operate within when making trades for you.
When the market and robot have matched up the conditions, the trade is executed. You do nothing and don’t even have to be on the laptop for the magic to work. (It’s not really magic, though!).
Step by Step Process for Trading on Ethereum Trader
With other trading brokers, it can take a long time and a lot of work to signup for the system. In fact, you may spend several days just getting the account verified. While you can use that time to familiarize yourself with the platform, you can’t make trades.
That doesn’t happen with Ethereum Trader because the platform focuses on a quick registration process. You’re trading much sooner!
When you go to register on Ethereum Trader, you don’t have to fill out tons of pages of information. There’s no need to have proof of address, ID, passport, and all the rest. Just give your phone number and a valid email address.
Once that’s taken care of, the system sends out a confirmation email. Within that email, there’s a special link you click on. When you do that, the account gets activated, and you’re online.
Ultimately, it takes less than five minutes to register for an Ethereum Trader account. If you want to get started trading sooner, this is a great improvement compared to other auto traders. Register to Ethereum Trader Here
Now that you’ve got an account and want to trade, you should put funds in it. The minimum deposit is just $250 for Ethereum Trader, which is typical for many auto-trading robots.
With that amount, you have the foundation to make trades. They aren’t as high, which means you have less risk while learning the system and platform.
You are allowed to deposit any amount you wish. However, our team recommends that you start off at the minimum amount. That way, you’re trading with smaller sums of money. Plus, you’re dealing with Ethereum and not Bitcoin, so that can be slightly confusing.
Many auto-trading robots don’t control how long it takes to transfer money. However, Ethereum Trader ensures that your deposits are in the account as soon as you provide the right details. On top of that, there are various deposit methods available. Most of the time, it takes one to two days (business) to see the money in your account.
Set the Positions
When the funds hit the account, you can start your Ethereum trading journey. The first thing you have to do is set up the position from the trading dashboard.
This market position tells Ethereum Trader the rules it must follow when trading for you. That way, you don’t spend a lot of money on a particular trade or position. Ultimately, this gives you the control you crave.
You can set various things here, such as how much to invest, what price Ethereum should be at before the trade begins, and more.
There’s nothing more to do! Once you’ve got the positions defined, Ethereum Trader works hard to find the right criteria and situations. It does all the work!
In fact, you don’t have to be logged onto the account for it to work. Shut the computer down and come back in a week or so. We know that you probably aren’t going to do that, but it is an option.
We recommend that you check the account once a day. Just hop on for five minutes to look at the trade history. That way, you have an idea of how much you’ve earned, can withdraw money, or add more if needed.
The Key Features of Using Ethereum Trader
The most important aspect of Ethereum Trader is the fact that everything is automated for you. You aren’t tied to the computer, waiting for market moves to pick the right point to open a trade. That’s all in the past!
This auto-trading robot is online all the time because of the Ethereum Trader servers. You don’t have to have an internet connection, access to a computer, or electricity. Once the trade parameters are defined, the system works for you.
On top of that, you save more time when compared to conventional Ethereum trading. You can leave the account alone and don’t need any knowledge of cryptocurrency to use the software.
Simplified Ethereum Trading
Ethereum is a more complicated cryptocurrency, and most people don’t know much about it. Bitcoin is ideal for transferring funds and storing, but Ethereum features a special blockchain to help others thrive.
Since it’s more advanced than Bitcoin, it’s harder to get a foot into the market. However, Ethereum Trader simplifies that for you. The trading algorithm might not be as advanced as what you might see from Bitcoin Buyer or Bitcoin Era. However, it does the job effortlessly.
The system works to analyze the trading data to predict the future, and it does so reasonably well. Plus, all of the calculations are handled for you, so you don’t have to know about Ethereum to invest in it!
Deposits and Withdrawals
When we review an auto-trading robot, we always pay close attention to the deposit and withdrawal options. This is a critical aspect for trading because it tells you when the money moves from the platform to the user and vice versa. You want something that offers fast transfers!
Ethereum Trader does everything possible here. There are many deposit methods available, so you can always get funds into the account. Ultimately, the time it takes for your money to reach the account is standard within the industry, so there’s no cause for concern. In a sense, your bank controls this aspect more than Ethereum Trader.
Withdrawals are quite similar, but we feel that it’s faster to withdraw Ethereum than Bitcoin. Ethereum tends to transfer faster. There aren’t as many transactions on the Ethereum blockchain, and this system makes it smoother for everyone.
Many Bitcoin trading robots have hidden fees, and don’t tell you about it until you’ve joined. In fact, there are way too many systems that charge deposit fees, subscription fees, withdrawal fees, and trading fees.
By the time you make the trade, you’ve lost about half of it to your broker. That doesn’t happen with Ethereum Trader. The only time you’re asked for money is when making a deposit. If you decide to withdraw the funds, they are yours to do so. That means Ethereum Trader is a smooth and affordable trading robot.
All the other trading robots out there (up until now), were only designed for Bitcoin. When this system (and Ethereum Code) came along, it opened up a whole new trading world.
Whether you want to make money or have another interest for Ethereum, there are now more robots being built for various blockchains. This is incredible news and the right step for automated cryptocurrency trading everywhere.
Pros and Cons for Ethereum Trader
If you are trying to trade other cryptocurrencies than Bitcoin, now is the time to stop searching. With Ethereum Trader on your side, it’s much easier to trade Ethereum safely and efficiently.