Post
Topic
Board Trading Discussion
Re: How to tell when a trading bot is a scam
by
Sterbens
on 09/02/2021, 15:38:31 UTC

Be extremely careful if:

- They tell you to upload your exchange keys to their online bot.

It's an outright scam if:

- They ask you to transfer funds.

- They tell you their bots are profitable without an audited track record.

- They tell you it's easy and that you can make money while you sleep.

- They tell you that you don't really need to know anything about trading, coding or even crypto!


yes I agree with the points you mentioned, and as a trader I have to have my own principles in managing my finances in crypto, and my big responsibility is when I reject the bot trading offer. to be honest I prefer trading alone rather than using bots, the reason is simple, for me trading bots are never up to my trading principles. In addition, indications of inevitable deception lead me to believe that trading with my gut instincts and knowledge, is much more effective and efficient.