Unlike stocks and commodities, the crypto market is always up and running, even on holidays. In other words, the money-making opportunities in this space are vast. Does that mean that you should lose sleep, keeping an eye on the charts 24/7 just to make sure you don’t miss out on profitable trades? God, no!
There’s actually a way to automate trades, minimize manual intervention, and maximize returns. We’re talking about DCA, grid, and other types of crypto trading bots built to execute trades on the user’s behalf based on factors such as price movement, trend indicator, and other signals.
Crypto Engine is a much-talked-about crypto trading bot that can, supposedly, help traders get the most out of the market volatility. Is it a scam or a good investment? Find out in this Crypto Engine review!
Crypto Engine is a Bitcoin trading bot (although it supports other cryptocurrencies such as Ethereum, Ripple, Monero, and a couple more, too) that features a sophisticated algorithm that continuously monitors the market and analyzes trends, signals, and price movement indicators and recognizes the best times to enter trades and executes them on your behalf.
This cryptocurrency bot is said to be powered by artificial intelligence and requires very little to no human intervention since decision-making capabilities are second-to-none. The best thing of all is that Crypto Engine relies on the signals solely while traders typically get emotionally involved and mess up the game.
Sure thing, you can use this crypto trading bot in manual mode and set buy or sell orders based on your assessment and just have the system process them. However, it’d be a bit absurd to try to outwit artificial intelligence, especially when knowing that bots can process large amounts of data in microseconds, which is quite impossible for most humans, and even for the most experienced traders.
Before you start trading with Crypto Engine, you should set up a trading account first. Fill out the form and provide details such as name, surname, phone number, and email address to start the verification process. Once you get verified and deposit the desired amount of money ($250 is the bare minimum), you’ll be able to enter positions right away.
To make the customer journey more comfortable, and help you get an idea of the platform and how to navigate it, Crypto Engine makes it possible to use a demo account first. By using the demo account, you’ll be able to get some trading practice (provided you haven’t traded cryptocurrency before) and see which strategies and trading tactics the bot uses to make a profit. As mentioned, you can engage in manual trading as well while it is recommendable to customize your account settings and parameters to cut the potential loss.
1. Is Crypto Engine free?
Well, basically, using it is free, although you cannot get involved in trading before you make the initial deposit. Will you be able to make any money with the money deposited and will it be possible to withdraw the deposit? That’s a whole another story…
2. Do I need to have previous experience to use Crypto Engine?
Theoretically, you don’t need previous trading experience to use this crypto trading bot. Yet, you do need some common sense and logic to figure out whether you should be using it at all.
3. What is the Crypto Engine success rate?
At a guess, Crypto Engine boasts an extremely high success rate of 90%! Yet, from what we’ve seen, the truth seems to be far from that.
4. Is Crypto Engine a scam?
Many sources of information on the internet praise Crypto Engine for being a user-friendly automated Bitcoin trading bot that can generate hundreds or thousands of dollars in profit.
Yet, not everyone follows the same, beaten path. ScammerWatch is one among a few trustful websites out there that can help us, regular people, avoid getting scammed (thus the name). According to these guys, Crypto Engine is not a good investment by all means but a scam, and there are a few good reasons to claim that.
No information about the team behind this project can be found, depositing the money seems to work just fine but withdrawing any of it doesn’t work. The bot is trading at a profit only while you are still using a demo account. Once you start investing real money, chances are – the system will eat up everything that you’ve deposited.
Lastly, the $250 minimum deposit seems more than reasonable, however… Numerous reputable cryptocurrency platforms actually let you trade with as little as $10 so you should think twice before investing anything more than that.
Cryptocurrency investing and trading requires knowledge, experience, and patience. Although sitting on your couch, having the bot perform automated trades would be the easiest way to make some big bucks in the crypto world, that’s simply not gonna happen, at least not with Crypto Engine. This cryptocurrency bot is definitely not a good investment since it is trading at a loss and stealing money from people. Investing in yourself and learning about the crypto market, patterns, and signals is the way to go if you want to make a pretty penny.