The ETHBot investment system offers online trading on the popular cryptocurrency assets like Bitcoin, Ethereum, Litecoin, Dash, the Ethereum Classic fork, Ripple, Monero, and Augur. It was just presented on the industry’s horizon and many have expressed their interest in it.
This is only natural, since online trading of crypto assets with the assistance of platforms like that one has become extremely popular. That happened in the second part of 2017 because of the rapid increase in the price of the Bitcoin. Suddenly, everyone wanted to join the industry. That’s why so many investment systems promising that appeared. Most turned to be scam. This is the reason why it is so important to investigate and research.
The following review will prove why the ETHBot is a potential scam you should avoid. If you want to trade online cryptocurrencies with the help of such systems, better consider the Crypto CFD Trader platform instead. It has been proven to work and is clearly authentic unlike this new addition to the industry.
Background Details of the Crypto Bot
One of the most important things about any investment platform that wants to assist you in your trading operations is its background. When you can confirm the expertize of the people behind any system, you can be sure whether it provides quality or not.
Review Verdict: ETHBot Is Scam
The case with the ETHBot is that we only get the claim it has been developed by professionals. I did my best to discover more about who are those behind it. Unfortunately, no such information is available. On the contrary, I discovered some speculations that it has probably been released by old scammers. The community has seen a solid number of ETH and Ethereum platforms. This looks quite familiar. So it is highly possible that it is renamed old scam.
Operational Method & Requirements
As I already mentioned, the system promises investments and trading of 8 cryptocurrencies, some more major than others. You are required to make a deposit of 1 ETH in order to be able to use the offered services. Given that the industry standard for an initial deposit is $250, this requirement is unreasonable. It is also significantly high, given the current price of the Ethereum token.
Another problem I have with the type of deposit is also the fact that the ether’s price is not fixed. It changes regularly and if it spikes, you will be investing significantly more than you have intended at first.
Other than that, it is not clear how the system is going to operate. The software is said to apply indicators and strategies that should be able to assist you when making trading decisions. But it is not very user-friendly and quite a lot of details have been left out. It tries to look like an innovative and sophisticated investment solution but actually has nothing special to offer.
Is ETHBot a Scam?
To say the least, this software is not a profitable opportunity to take. It is impossible to verify the background and the origins of the platform. In addition to that, it requires an unreasonable starting deposit and has nothing special to offer in return.
There have been also some complaints regarding the reliability of the system. All in all, the potential that the ETHBot is a scam is very high and I recommend considering a different system.
After spending a decent amount of time researching this new online trading platform, I can conclude one thing. It is not a good solution to choose if you want to trade crypto. There are many other investment systems that can provide you with a better experience in the industry. Consider one of the approved alternatives than the ETHBot scam.
Review Verdict: ETHBot 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.