WARNING, Bibit Bot uses fake testimonials

BiBit official websiteIn this review we explain why you should not trust Bibit Bot, the arbitrage trading bot.

Bibit Bot is supposed to trade for without any risks and make you money in crypto arbitrage trading.

There are several price plans, BiBit Bot cost from 0,03 to 0,22 BTC, which currently means from $204 to $1496. Is it worth it?

Beware of BiBit Bot

We have several problems with BiBit Bot.

Fake testimonials

Fake reviewThe biggest problem is that BiBit Bot displays fake testimonials. You can look at our picture to see that they used a photo that belongs to somebody else.

This man, who is a lecturer at University of Tennessee, clearly has nothing to do with BiBit Bot.

Using fake testimonials is a scam practice. Period.

Trading always carries risk

The BiBit presentation says that the trading robot trade for you without any risk. This is a big lie, because trading is very risky. Even arbitrage trading is risky.

Yes, arbitrage trading means buying at a lower price at one exchange and selling for a higher price on another exchange, but this process is not always smooth. Crypto transfers can be delayed, the liquidity can be too low, the exchange can fail etc.

In arbitrage trading you are not trying to predict the movement of the price, which reduces the risks, but never to zero. You can still lose money in arbitrage trading, so BiBit is not being honest with this.

Accountability?

Last but not least, you should realize that you will pay the price of BiBit in cryptocurrency to an anonymous party.

So, if the robot does not work, nobody will be able to help you to get your money back, which is another not negligible risk.

Conclusion

Our review of BiBit Bot raises some red flags, which forces us to recommend you to stay away from this program.

If you want to try crypto trading on your own, start on a free demo with a regulated broker.

Again, trading is always risky, so be careful.

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BiBit Bot
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