Forex Robots

WealthyBot Review: Is This Crypto Bot Safe and Legit?

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WealthyBot

WealthyBot promises effortless buying and selling with its automated trading bot. As per the vendor, thousands of investors use the platform successfully. It offers beneficial features such as a trustless simulator, tutorial guides, and support via Telegram.

About WealthyBot

The service offers fully automated crypto bots that work 24/7. Before using the bots, you can test them using the simulator feature without risking your capital. According to the vendor, using the platform is mutually beneficial as the subscription is free with the service taking only a modest percentage of the profits.

WealthyBot review: Key features

The main features of the service that makes it stand apart from its competitors are:

  • The bot uses full automation for buying and selling crypto.
  • You can test the bot by using the simulation feature.
  • Installation and activation of the bot are simple.
  • Live support is offered for seamless onboarding.
  • Free subscription is present with the vendor taking a modest share of the profits.
  • API keys with trade-only permission are used for secure trading.
  • The tutorial guides help in quick setup.

WealthyBot: Trading strategy

Two different approaches are used by the bot for trading namely the UpDown and the WealthyBot strategy. With the former approach, the bot will sell whenever you reach the near exact profit percentage you have set.  In the latter, the current moving average is used and the bot finds a medium between the high and low points to close the trade. This approach has lower risk and has a higher potential for profit generation. But the setting will take longer to give the results you want.

Security of WealthyBot

As per the vendor, the company offers API protection. Your exchange API keys are stored in your system and the platform does not store them. All funds you use for trading are held by the exchange and the bot only trades on your behalf. There is no mention of other security measures used by the platform such as two-factor authentication, encryption, etc.

Is WealthyBot safe?

As per the vendor, the service is allowed in regions where crypto trading is considered legal. You need to check your local, state, and country regulations to determine the safety of using the service.

How much does WealthyBot cost?

The subscription to the bot service is free and the company takes a share of the profits you make from trading with the bot. The profits are taken in the form of credits. From the profits you make, the service will take 20%. To pay the share, you should have credits failing which the bot will not trade. A minimum of $30 in credits and $150 as exchange funds are required for the bot to start operating.

Deposit and withdrawal

Since the bot executes trades on your behalf and does not handle funds other than the credits, there is no deposit or withdrawal feature.

Does WealthyBot charge fees and commissions?

A 20% profit share is charged by the company on the profits you make using the bot. No subscription fee is present.

How much profit can it earn?

The vendor does not provide info on the profitability of the bot. We could not find verified proof of performance for the service.

Company reputation

The service is powered by Secret Energy, a company focused on creating tools that help in uplifting humanity. We could not find further info on the company such as its founding year, location, team members, and contact details.

WealthyBot reviews

User review for Wealthybot on the Trustpilot siteUser review for Wealthybot on the Trustpilot site

User review for Wealthybot on the Trustpilot site

We found one review for the company on the Trustpilot site with a rating of 3.4/5. As per the review, the user is not satisfied with the company’s support.

Who is WealthyBot for?

The free subscription, simulation tests, and ease of use make it a viable option for beginners.

WealthyBot: Supported devices

We could not find info on the supported devices for this bot as the vendor does not provide the relevant details.

What exchanges does WealthyBot support?

Binance International and Binance US are the two exchanges that this platform supports.

WealthyBot: customer care

A Telegram group link is provided under the FAQ section which can be used to avail support.

WealthyBot Crypto Bot

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WealthyBot offers automated bots that you can test using the simulation method before you deploy them. The lack of vendor transparency, absence of a verified track record, and the profit share percentage are shortcomings we noted in this platform.

  • Free subscription
  • Simulation test
  • No vendor transparency
  • Lack of verified performance proof
  • 20% profit share
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