Trading robots can make life easier for crypto traders everywhere—and Crypto Cash is no exception. Its intuitive software apparently detects the best possible trades by constantly scanning the market, and then creates profit for users by entering into those trades promptly.
Easy access to simple tools and automated trading decisions save users time and stress, while allegedly increasing their chances of making gains.
The product website claims Crypto Cash can change your life and make you into a millionaire, which is a pretty bold statement. In this review, we’ll assess whether these claims could be true.
The creators of Crypto Cash are allegedly school friends Freddie Parker and Edward Clark. Parker is apparently a software developer, while Clark is an experienced trader who claims to have made millions of dollars. However, the credentials of the pair—and whether they’re really behind Crypto Cash—are difficult to verify as there is very little information about them available.
Before you can take advantage of the automated trading features, you will need to supply some capital for the robot to use. The funds will remain yours and enable you to trade Bitcoin and other financial assets. The deposit can be as large as you like, but the minimum deposit accepted is £250. The robot will begin analysing the markets once your account has been funded.
The AI and machine learning-powered algorithm will then get to work as soon as you click “Trade”. Once you set the parameters, you can sit back and relax as the entire system is automated. If you want to try trading on your own, you can also switch the trading to manual in your settings.
Testimonials on the project website suggest users have received significant payouts and the site claims that under optimal market conditions, users can make gains of 60% each day. We have, however, been unable to substantiate this large figure.
You just need to fill in a few personal details to complete the registration process and become a Crypto Cash member. You’ll then need to connect your bank account in order to make a deposit. The process will likely be completed within hours.
According to the site, all your funds are always 100% yours, which means you can withdraw any amount of them at any time. Withdrawals are free and could take up to a few hours to be transferred back to your bank account.
Costs and Fees
Although a minimum deposit of £250 is required to start using the software, there are no commission or broker fees charged by Crypto Cash. This means users get to keep 100% of their profits.
The website displays positive testimonials from apparently satisfied customers around the world. The purported users praise the profitability of the robot and its ease of use, while it also has 4.5 stars on Trustpilot.
Crypto Cash has a dedicated customer service team ready to help users with any potential issues. Many reviewers have lauded the customer service for being supportive and accommodating.
Crypto Cash’s trading algorithm is employed through various brokers around the world which provide a gateway to the financial markets. Each broker used is reputable and regulated in its jurisdiction.
When used correctly, trading robots can be a beneficial supplement to your regular trading. The many positive testimonials for Crypto Cash would appear to indicate that the software has been profitable for a lot of users. The daily profit potential of 60% is, however, provided as a maximum and it seems unlikely that most users would achieve this.
It can be difficult to keep up with all the action in the financial markets and identify the best opportunities. But Crypto Cash keeps an eye on the market for you, allegedly giving you a better chance of making profits.
Trading decisions are automated
Many things can get in the way of manual trading, such as other commitments, emotions and indecisiveness. A trading robot, however, selects the best trades on your behalf based on data, removing the stress of trading.
Security and protection
Manual traders have to take steps to protect their funds and data themselves, but Crypto Cash claims to use strong antivirus and anti-malware solutions, keeping users safe and giving them peace of mind.
Analysis is done for you
Doing your own thorough analysis of the markets can be a lengthy and difficult process. However, Crypto Cash is said to analyse current market trends and historical data to identify trading signals and opportunities for you.
Even with strong trading skills, it’s difficult to be highly accurate in your predictions. Crypto Cash claims to use artificial intelligence and machine learning in its algorithm, though, which could achieve much greater accuracy than humans are capable of.
If you’ve been trading on your own, you may find that the addition of a trading robot makes your processes more efficient and improves your results. Even those who are new to trading may find software beneficial as it’s much easier to use than complicated contract for difference (CFD) trading platforms and provides the tools you need to expand your knowledge.
Many successful products were first seen on Shark Tank, where aspiring entrepreneurs pitch their ideas to wealthy investors. After a thorough investigation, however, we have concluded that Crypto Cash has not appeared on the show.
The Cable News Network broadcasts in-depth coverage of the top stories from around the world. Although clips of Bitcoin being discussed on CNN feature on the Crypto Cash homepage, we could not find any evidence that the robot itself has ever been featured on CNN.
The American business magnate and philanthropist is famous for founding Microsoft. A clip of him praising Bitcoin is featured on the Crypto Cash homepage but our research indicates that he has no connection with the project.
Investor and Virgin Group founder Richard Branson also had positive things to say about Bitcoin in the video on the website, but we could not find any evidence that he has ever used Crypto Cash himself.
The technology businessman and software engineer is best known as the former CEO of Google. While his praise of Bitcoin is quoted on the Crypto Cash homepage, our careful scrutiny suggests that he has no links with the robot.
Canadian venture capitalist and former AOL VP Chamath Palihapitiya has long been a Bitcoin enthusiast. He too appears in the video on Crypto Cash’s website but our investigation found no proof that he has any involvement with the robot.
While success is never guaranteed in the world of cryptocurrency trading, there are certain precautions you can take to help protect yourself.
Trading can be a risky business, which is why it is wise to only risk a small amount of capital while you’re still finding your feet. You could even start by using the demo account and risking nothing.
Save Some Profits
Remember to protect your profits once you start making money. Withdrawing some of them into your bank account can provide a nice safety net, while you also have the option of reinvesting a portion of your gains.
Follow the Advice of Experts
No one knows everything when it comes to crypto trading, but you can give yourself the best possible edge by absorbing all the knowledge available. Listen to what the pros have to say—but never just follow trading advice blindly.
Keep a Record for Tax Purposes
Taxes are one of the few certainties in life, but there is no need to fear them. Simply record all the trades you make and declare your capital gains according to the rules in your country. You can always talk to a tax expert for advice.
Only Invest what you can Afford to Lose
Even the most learned and careful trader will make losses sometimes. This is why you should be cautious when it comes to trading. Don’t invest any capital that you couldn’t survive without—just in case the worst happens.
Crypto Cash provides an interesting proposition through its purported use of artificial intelligence and machine learning in its trading algorithm. The software appears to be easy to use while the many positive reviews point to high profitability and strong customer support.
While the maximum daily profit quoted is probably much higher than most users could achieve, it’s clear that automating your trading decisions could provide a range of benefits for traders everywhere. It’s therefore unsurprising that trading robots like Bitcoin Profit, Bitcoin Prime and Profit Revolution are seeing a surge in use.