Dollar-Cost Averaging (DCA) Bot Review: Is It a Legit Crypto Bot?

Dollar-Cost Averaging (DCA) Bot is a trading solution that was designed to work on the crypto market. Its developers created various free trading solutions to work with the market profitably. We are going to do to check out the efficacy and reliability of this crypto trading tool.

What is Dollar-Cost Averaging Bot?

The system is based on the DCA strategy. Dollar cost averaging is a strategy that provides a trader with a possibility to pay a lower amount for investments and minimize risk. Instead of purchasing shares at a single price point, with dollar cost averaging you buy in smaller amounts at regular intervals, regardless of price.

Quick summary

• The system can be downloaded for free.
• We can work with it automatically.
• It protects our orders with relevant SL and TP levels.

Dollar-Cost Averaging Bot: background

The robot was designed in 2021 to perform a dollar cost averaging strategy. The system acts like an automated solution. We have information that the company behind this system is Pionex. Unfortunately, we don’t know details about their headquarters and date of registration.

How does it work?

The presentation includes information about the system and its performance in general. We have systemized all those features in the following list. 

• The system can perform orders completely automatically on an exchange.
• The Dollar-Cost Averaging is one of the simplest trading strategies. 
• The statistics show that in 90% cases it is better to use it instead of trading manually. 
• DCA is a strategy that allows the investor to buy the same dollar amount of investment at regular intervals. 
• The system buys regularly on specific time frames. 
• We have to register on the Pionex exchange and customize the bot. 
• We can work with various time frames: M10, 1H, 4H, 6H, 12H, 1D, 1W, and 1M. 
• The bigger time frame is the more liquidity we need. 
• The first parameter to customize is “Investment Per Week.”
• If we start trading our funds will be frozen in DCA pools. 
• There’s an equation of investing that we have to follow. 
• We have an example of how it works “Invest in ETH by using the DCA strategy: Set the investment interval to 1 hour and invest 10 USDT each time. In this case, the investment per week would be 1680 USDT. This amount will be frozen for the DCA Pool, once you start the strategy. The DCA strategy will continuously invest 10 USDT in ETH every 1 hour until all the funds in the DCA Pool have been invested.”
• The freezing period longs seven days. 
• The strategy will be stopped from performance if we lack funds on our account. 
• If we choose one month as your investment interval, the minimum requirement for the DCA strategy will be the funds you need for one month.

How to sign up with Dollar-Cost Averaging (DCA) Bot?

1. Register on the site
2. Deposit a proper amount of money that is advised by the devs
3. Customize the system
4. Attached it to proper charts
5. Start trading

Does Dollar-Cost Averaging Bot offer a demo account?

No, it’s not. We have to start working on our real account with funds on it locked. 

Profitability of Dollar-Cost Averaging Bot

We don’t know if the system is profitable and how many profits it can generate monthly, but we have many positive comments written about the system on Trustpilot. 

People shared their positive experience of using Pionex bots. 

Payments, deposits, and withdrawals

The system has to run an account with a proper number of funds that are locked for a performance period. After it’s finished, we can withdraw the available amount. 

Exchanges supported

The system can be used within the Pionex functionality. 

What about customer support?

The developers provide us with welcome support. 

Pionex created a page on Trustpilot with 277 reviews posted. The total rate is 4.2. 

Benefits of using Dollar-Cost Averaging Bot

• We can work automatically
• The system is available for free
• Many positive comments written

Drawbacks of using Dollar-Cost Averaging Bot

• The system requires us to lock funds
• We have no trading results provided

Pricing review

The system is available for free. 

What are security measures?

The robot works on the Pionex exchange through API keys. 

Is Dollar-Cost Averaging Bot legit?

Yes. The system is a completely legal and secure solution. 

Ease of use

The robot is easy to use. We have to customize just two parameters to get started. 

Is Dollar-Cost Averaging Bot a good choice for automated trades?

Yes. The system looks pretty decent and can be used for automatic trading securely. 

What are the risks of using Dollar-Cost Averaging Bot?

The risks are average because the system can be simply not profitable.