The presentation of Simple BTC Bot says that it is na automatic bitcoin trader, in other words a robot that can trade for you on your account. It is supposed to represent the easiest way to invest and make money with bitcoin.
The robot is free, so is making money with cryptocurrencies really that simple?
Simple BTC Bot scam
Simple BTC Bot is in reality a scam. It uses a scam software that has been around for years, we have seen and experienced it with many scams.
This trading robot is known for losing money in real trading, a lot of real users confirmed this to us.
What is really dangerous is that sometimes this robot, which Simple BTC Bot is based on, will allow you to test it in a demo mode. But the demo will use fake prices and generate fake profits, which might mislead you to think that it really works.
So, beware, never let Simple BTC Bot trade with your money if you don’t want to lose it.
How it really works
The true purpose of Simple BTC Bot is to make you deposit money with a certain unregulated broker. Because people who run this scam are paid by that broker for referring new depositors.
That’s the reason they won’t let you use the robot with any broker, you will have no choice but to deposit with a shady company chosen by them.
Simple BTC Bot is a scam robot that is not profitable, it is designed to lose your money, stay away from it!
If you want to make money in cryptocurrency trading, you will have to trade on your own. Try to build yourself a profitable strategy on a free demo first.
If you succeed, you can then carefully switch to trading with real money, provided that you are aware of the risks.