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RevenueBot Review: Positives and Negatives of Using This Crypto Bot

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RevenueBot Review: Positives and Negatives of Using This Crypto Bot

RevenueBot promises the ultimate money-making machine with its top-performing bots. The vendor claims that the bots provided by the platform can achieve amazing profits on the top crypto exchanges. This platform integrates with multiple exchanges and does not require subscription fees.

What is RevenueBot?

RevenueBot Review: Positives and Negatives of Using This Crypto Bot

RevenueBot offers automated crypto trading that ensures you generate bit profits on the top exchanges effortlessly. The bots are capable of trading Bitcoin, Litecoin, Ethereum, and many other crypto coins on autopilot.

Features of the RevenueBot platform

Some of the key features of the platform that make it competitive as per the vendor are:

The features of RevenueBot

  • The service uses a grid of orders for trading on the exchange
  • Detailed reports of transactions, profits, and other bot info are made available via the web, Telegram, email, and SMS
  • TradingView signals are present that offer accurate data, and many indicators
  • The bot assesses the trading signals and volatility indicators of every trading pair to choose the suitable one
  • Filters are present that protect from placing trades when the time is not right
  • Backtesting can be done to assess the performance of the bot for the previous 60 days.
  • It uses the Martingale method for its trading approach

How does RevenueBot operate?

The bot trades for you using the funds present in your exchange account. It works by using the API interface of the exchange. It displays orders based on the chosen algorithm and tracks their execution using the interface.

Registration process

Here is a user guide on how to start using the bot:

Step 1: Account creation

Register on the site by providing the necessary details. The registration is free.

Step 2: Selection

Choose the cryptocurrency pair and the exchange you want to trade on.

Step 3: API key

Create an API Key to connect the platform with your exchange.

Step 4: Deposit

Choose the wallet and the funds you want the bot to trade on.

Step 5: Strategy setup

Select a default algorithm and settings template or create a customized strategy.

Step 6:  Activate

The bot is now ready to trade.

Is it easy to use RevenueBot?

The user interface is intuitive, enabling easy navigation and effective use of the features.

RevenueBot fees, commissions, limits, and payment options

A commission fee of 20% on the profits you make is charged by the service. No other hidden charges are present.

RevenueBot: Withdrawal

The bot does not have withdrawal permission as the funds are handled by the exchange.

How much should you deposit to start trading with RevenueBot?

The minimum deposit needed is based on the orders present in the grid used by the bot.  A minimum of $300 to $400 for 20 orders is recommended by the vendor.

Partnered exchanges and brokers

The partnered exchanges for the platform are

  • Bitfinex
  • Binance
  • Cex.io
  • Bittrex
  • Exmo
  • FTX
  • Kraken
  • HitBTC
  • OKX
  • Bybit
  • Bitget
  • Kucoin
  • Poloniex
  • Huobi
  • Bybit Futures
  • Binance Futures
  • Bitget Futures

Is it beginner-friendly?

The user-friendly interface, free subscription, and diverse features make it a beginner-friendly platform.

Is it a profitable system?

As per the vendor, the bot is suitable for careful and accurate trading with low risk. Splitting the deposit into smaller parts and trading with multiple bots on different pairs is recommended. Careful selection of currency pairs and the use of filters will help in reducing risk and increasing returns. Although the performance report on the robot site looks promising, you can hardly choose the bot correctly. The risk will be too high without the basic trading knowledge and at least a little experience in placing the trades manually.

The top users and bots of the platform

Security & regulation

Other than the use of API keys for trading, the vendor does not provide info on the security measures used for protecting user data and privacy.

Company information

RB Media FZC LLC is the company promoting this crypto bot. It is based in the UAE. We could not find further details on the firm, such as its founding year, team member info, etc.

Should you trade with RevenueBot?

The service offers a wide range of features, has an intuitive interface, and there is no subscription fee. However, the commission fee charged is high, and there is the risk of losing your deposit if you do not follow the recommendations. Further, there is no verified track record.

Final thoughts

4

RevenueBot offers a fully automated platform that works 24/7. You get benefits such as flexible bot settings, multiple exchanges to trade in, access to bot stats, and no subscription fee. However, the high commission fee, use of the Martingale method, and lack of verified results are downsides you need to mull over.

Positives
  • Fully automated bot
  • No monthly subscription fee
Negatives
  • High commission fee
  • Uses the risky Martingale approach
  • No proven track record

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