Bitbot uses high-frequency trades to generate successful returns. It is an RPA crypto bot that uses full automation eliminating the errors and other inefficiencies found in manual methods. The bot uses advanced processes to automate the identification, analysis, and execution of successful trades. It has been created by Codelitt in partnership with ATS Inc.
How does this crypto bot work?
This is a robotic process automation (RPA) bot that is capable of executing orders in millions and scanning numerous exchanges or markets in just a few seconds. The RPA method has been used successfully by large institutions like investment banks, hedge funds, and also by institutional investors. The bot leverages this technology to ensure fast execution, powerful error handling, and reliable testing.
Getting started with Bitbot
Besides the mention of the simple and effective dashboard feature and the presence of a real-time feed, the vendor does not provide much info on how to use the bot. Moreover, the bot is in its initial testing phase and is not open to private investors as per the info on the official site.
Company information
Codelitt comprises a team of talented people passionate about technology. They help solve user problems and provide innovative solutions. There are 45 members across 12 countries and they are headed by Vincent Henrickx, Vicky Jaime, Cody Littlewood, and Kaio Magalhaes. The company is headquartered in Miami and team members are from Brazil, Argentina, the US, Europe, and other countries.
Features of Bitbot
There is not much info provided on the features of this crypto bot. From the details present here are some of the key features that make this bot stand apart from its competitors as per the vendor:
Real-time data feed
The bot has inbuilt APIs that help provide real-time info such as the exchange balance, orders executed, profit, potential opportunities, dynamic parameter value, history, and more.
Simple dashboard
The dashboard allows you to access all the features of the bot, track your balance on the exchanges, and more from a single window.
Algorithmic approach
As per the vendor, the bot can generate positive gains with its algorithmic approach. The processes used ensures maximum returns, minimal errors, and low risk.
Strategies of Bitbot
According to the vendor, the system leverages technologies to provide fast execution and successful returns. It uses algorithmic strategies to ensure accurate orders and improved profits. There is no further explanation of the approach used by the bot.
Pricing, fees, and commissions
We could not find info related to the pricing, fees, and commissions that the company charges for using the bot.
Deposit requirements
We could not find details on the deposits and other related info. In general, all user funds are handled by the exchange, so transactions including deposits and withdrawals are taken care of by the exchange only.
What exchanges does Bitbot support?
The vendor does not provide info on the exchanges the bot supports.
What languages does Bitbot support in their product?
We could not find info on the supported languages for this platform.
Can you really make money with this bot?
As per the vendor, the bot when launched executed a series of micro-transactions that provided a profit of $5 just 2 minutes after it went live. This exceeded the objective of the bot developers which was to generate one dollar profit when it is launched.
Advantages of Bitbot
- It uses RPA to ensure fast and effective transactions
- Simple and easy to use dashboard
- Provides real-time info on all crucial details related to the trading
Disadvantages of Bitbot
- No explanation of the strategy/strategies used
- Lack of info on the pricing and security
Customer support
For support, the vendor offers an online contact form, a live chat feature, a location address, and an email.
Who is the Bitbot suitable for?
The bot is ideal for use by individual traders as well as institutional traders handling low-end portfolios of six figures. However, the vendor claims that the RPA technology used by the bot is applicable to larger institutions like hedge funds, investment banks, etc.
Bitbot summary: is it worth to go for it?
Bitbot is designed to generate high returns with minimal risk. It uses tested strategies and RPA to ensure fast and effective execution of orders. For traders who want to boost their investment quickly and effectively, the bot offers a hands-free and profitable setup.
