RevenueBot is purported to be the ultimate money-making machine. Word has it that the platform features a few top-performing algorithms that are attaining incredible profit outcomes. Let’s see how true these claims are in this review.
What is RevenueBot?
RevenueBot provides robot trading setups to help increase your earnings on your chosen crypto exchange. It will follow your selected settings and algorithms to develop, cancel, and track the implementation of your orders in the crypto market.
Here are the most important features of the system:
- Flexible settings
All characteristics of the bot operation are configurable, so you can tweak them utilizing a handy control panel.
- Protection against trading at the wrong time
The bot comes with filters which prevent the user from making early buys at high prices or placing sell orders too early at low prices.
This feature provides a platform for traders to buy and sell ready-made configurations and mentoring services.
RevenueBot was created by RB Media FZC LLC and is registered in the United Arab Emirates. However, the team behind its creation is unknown. We are not introduced to any of the members. No names, professional backgrounds, their mission, nothing.
How does it work?
Revenuebot automatically trades crypto currencies available on your exchange account 24/7. It normally utilizes the exchanges’ API interface to show orders based on your selected algorithm and to monitor their implementation.
How to sign up with RevenueBot
You will obtain access to this bot with only a few steps:
- Visit the official page and press the sign up button
- Provide your full name, email address, and password
- An activation link will be sent to your inbox. Click on it to confirm your email
- Now, you can access the software and connect it to your exchange to begin trading
Does RevenueBot offer a demo account?
No, it doesn’t. Instead, the bot supports backtesting for traders to test the efficiency of various settings with a virtual deposit and real price volatility plots.
Profitability of RevenueBot
RevenueBot doesn’t provide any profit guarantees. Your trading pair, bot settings, market conditions, strategies, along with other factors, will dictate the revenues you get.
Payments, deposits, and withdrawals
Only assets received under the referral program and the money obtained from sales in the market place are payable.
The minimum deposit size for a bot to run is dependent on the number of orders it uses. Importantly, each order is supposed to meet the exchange’s minimum order size requirement.
RevenueBot works with numerous exchanges, such as:
What about customer support?
For customer support, visit the knowledge base or create and submit a ticket to raise your issues. You can also find the support team on various social media networks like Facebook, Telegram, Twitter, and Instagram. It is advisable to capitalize on these platforms by asking for help through them.
Benefits of using RevenueBot
- Free to use
- Supports multiple exchanges
Drawbacks of using RevenueBot
- Charges commissions on trades
You can use the bots available on this platform for free. According to the creators, you only have to ensure that your exchange has funds for the bots to begin trading. There are no subscription fees or commissions charged for transactions carried out on the supported exchanges. However, when you start earning income, you will be asked to pay a 20% commission from the profit made, but not exceeding $50 per calendar month for every kind of trade.
What are security measures?
RevenueBot does not hold or accept deposits of your coins. All of your money is kept in your crypto exchange accounts and secured by encrypted API keys. Therefore, the vendor or other unwanted third parties cannot get to your funds.
Is RevenueBot legit?
RevenueBot is a genuine platform. It works in conjunction with some of the most popular exchanges in this market. These partnerships wouldn’t have been possible if the bot was a fake.
Ease of use
The software is easy to use. You can register an account for free using a few simple steps, which we discussed earlier. Also, the available bots are already configured, so you don’t need coding skills to operate them. If you have any difficulties navigating the systems, the team is there to assist you.
Is RevenueBot a good choice for automated trades?
RevenuBot may be a good choice for automated trades. This is because it provides algorithms and settings templates, which you can capitalize on to generate revenue. It is also possible to set up personalized strategies to increase your income potential.
What are the risks of using RevenueBot?
Here are some of the risks associated with this bot:
- No proven track record
- Volatile and unpredictable market conditions
- Vendor is anonymous
Review verdict: a convenient way to trade
RevenueBot provides a degree of convenience that manual trading cannot achieve. You are just required to set the parameters, and it will do everything else for you. This prevents emotion-related trading mistakes that could cost you money. Sadly, the vendor will end up taking a 20% commission for every profit you make.