Many people, using systems like the new Bibit Bot scam, fail at digital currency trading simply because they don’t use a reliable method. Over the past couple of years, a number of trading tools have been released to assist traders and allow them to optimize their results. The latest tools that I have come across are known as arbitrage trading systems.
In this review, I will highlight some important details about Bibit Bot. It is an arbitrage investment solution that claims to provide traders with better opportunities from the markets. So let’s take a look at what Bibit Bot is, what it can do for you and whether it can be trusted or not.
My initial results show that you should avoid it. I can recommend you the Crypto CFD Trader as a better investment opportunity.
Bibit Bot System Explained
A newcomer in the digital currency trading sphere, Bibit Bot is based on the principle of arbitrage trading. In simple words, it assists traders by indicating when it is the best time to buy low and sell at a higher price for a gain.
Review Verdict: Bibit Bot Is Scam
The company seems to be providing investment advice and solutions but my investigation suggests that they are not regulated and licensed. They are operating illegally and there are not enough details available about them on their website. It remains a mystery as to who owns this service and where they are based. Support for clients is also not available and the only way of reaching them is via Telegram, email, and Twitter.
Bibit Bot looks like a deceptive trading platform and their anonymity confirms that they are not trustworthy. I highly doubt that this system has helped anyone attain their financial or trading goals.
How To Trade with Bibit Bot?
First of all, let me tell you what their sales page is saying about how it works. According to the information, Bibit Bot detects the differences in rates between different currency exchanges. For example, if the price of a particular token has decreased in one exchange and increased in another, then the software identifies the opportunity and sends an alert to the trader via Telegram. They say that the difference may last for a few seconds and it may be impossible to detect manually and this is the reason their trading system is reliable and accurate.
To benefit from the price difference between two exchanges, all that traders have to do is sign up, choose a plan and add the investment tokens. Traders can then rely on the notifications sent by the software and buy tokens from one exchange and sell it on another for a gain.
But if you look at the practical trading world, you will realize that Bibit Bot is a flawed investment tool. You will see that their idea doesn’t make sense because, with the kind of technological advancement that the industry has seen over the years, it is very rare to come across this kind of trading opportunities. Generally, the price of digital currencies is similar across exchanges and there is very little scope to generate returns by buying from one and selling it to another. Only the best of the best can provide you with that.
Another problem with this method of trading is that if there is a delay in executing the order, then the investor will lose the funds. What this implies is that arbitrage trading carries a lot of risks and it is not easy to earn considerably by relying on this one method alone if your system is fraudulent.
Arbitrage trading is not a risk-free method of generating returns on investments. The road is definitely not smooth and there are a lot of problems that can be encountered along the way. Some of the risks include liquidity problems, failure of the exchange and delayed transactions that can lead to huge losses.
Is Bibit Bot Reliable Or Just Another Scam?
My scam test has revealed many disturbing facts about Bibit Bot. First of all, their homepage has been designed to mislead traders. Although they haven’t mentioned any figures or accuracy rates, they are trying to misguide traders into believing that trading with the help of their investment tool is easy.
If Bibit Bot was a risk-free solution for investing in the digital currency markets, then traders from across the globe would be crazy for it. Additionally, its owner or creator wouldn’t shy away from taking credit for its extraordinary performance and efficiency. But sadly, the people who are behind the tool have chosen to remain anonymous.
Would you be comfortable in handing over your bitcoins and other digital currency tokens to complete strangers? Well, no one would be but these fraudsters are trying to get their hands on your tokens with the help of false claims and promises.
You shouldn’t fall for their trap because their concept is a scam. If you sign up with them, you will end up losing your tokens. They aren’t a genuine service provider because they are not regulated by any financial regulatory body and they have also made use of fabricated testimonials on their website.
They aren’t really giving you an opportunity to benefit from arbitrage trading, but they are simply looking to cut into your pocket so they can fill their own.
The Bibit Bot scam has several red flags attached to it and therefore it is not possible to trust this trading system. All the lies and misleading information found on their website indicates that the system is operated by fraudsters.
If you don’t want to lose your hard earned investment capital or tokens, then you must stay away from it. There are much better alternatives out there for you to consider.
Review Verdict: Bibit Bot Is Scam
Hello, I am Collin Tyusm. I am a Forex blogger. I have created my blog, because I want to help people learn more about Forex & CFD Trading Software and Bots.