Leveraging the use of artificial intelligence and automatic trading tools, Crypto Legacy is a crypto-focused trading robot that says it can help people gain profits higher than what they can earn through manual trading. The website claims to be able to offer a profitability level of up to 60%, far higher than what traders normally can achieve.
This is obviously appealing and at the same time makes people wonder if this is real or not. We take a deep dive into the claims made by Crypto Legacy to see if they are true or not.
Though the website claims that the robot was created to analyse historical price movements and predict future outcomes, there is no information provided about who is the mastermind behind the apparently high-profit robot.
While this may cast doubts on the legitimacy of the robot and its creators, the website claims to affiliate itself with regulated platforms where the actual trading takes place. Regulated platforms are answerable to their respective financial authorities for their practices and this does point to Crypto Legacy being a serious service since regulated platforms don’t tend to associate with shady businesses.
Crypto Legacy claims to have a profitability level of up to 60%, achieved through its application of AI to gain an edge over the rest of the market. After some research, however, it is our belief that this profitability level won’t be achievable for most users.
A simple verification is all that the website says is needed, limited to a user’s name, contact number, and email address. However, we believe that for trading to begin, users might need to provide more information since the robot claims to use regulated brokers and they will definitely have their own KYC/AML checks.
The trading robot says that the withdrawal process is easy and all users have to do is to put in a request to have their funds withdrawn through the robot dashboard. Multiple channels such as debit cards, bank transfers, and even e-wallets such as Skrill are supported.
Costs and Fees
Crypto Legacy does not claim to have any kind of fee or cost associated with its service. The registration is free of cost and there are no annual charges either. The brokers that it uses might have their own cost structure and it is advisable to check in with the assigned broker for clarity.
There are several user testimonials on the Crypto Legacy website that claim they have been able to make sizable profits using the robot. While the claims made may seem a bit unrealistic due to the extremely high profits said to be made, the feedback online appears to be generally positive.
Crypto Legacy has a dedicated customer service system where traders can reach out to have their issues resolved or questions answered. Traders are also assigned accounts managers who are available to provide support should the need arise.
Crypto Legacy is a trading robot that only analyses the market and does not make direct trades. The trades are done through affiliated brokers using different CFDs. Crypto Legacy says that brokers are regulated and reputable. This offers a greater degree of financial and technical security as the brokers have to comply with different laws in place for traders’ asset protection.
With good user feedback directly on their website and different discussion boards and websites reporting that users have made decent profits using Crypto Legacy, the robot does appear to be satisfying its users.
Some users have said they have lost money through trading with the robot, but Crypto Legacy does say in its disclaimer that crypto trading is highly volatile and there is always a chance that users will lose money.
Crypto Legacy claims to have a very intuitive dashboard that anyone, even novices to the crypto trading scene, can quickly understand and begin trading within a matter of minutes.
The reported use of AI and auto trading means that Crypto Legacy can play on the volatile nature of cryptocurrencies faster than people and take advantage of price movements. This, it says, leads to more profits overall, even in the short time of a day.
Long and Short Trading
Since Crypto Legacy says it uses CFDs, this means that users can make profits even when the overall market is falling using shorting, thanks to the derivative nature of the contracts.
As a robot, Crypto Legacy enables users to trade whenever they want. Unlike stocks or forex, there are no trading times. The versatility means that the robot says that it can work without ever needing to stop.
One of the many features of Crypto Legacy is its stated feature of a demo account, where traders can create a practice auto trading session and check the ability of the robot.
Crypto Legacy at first glance seems to be the holy grail of crypto trading since it claims to optimise and automate the best crypto trading experience. Although no robot is infallible, when used sensibly they can be used to supplement your income.
Novices can build their confidence in demo mode and then learn the ropes by watching how the robot trades in automatic mode. More experienced traders can also benefit from trading bots, in manual or automatic mode, by using them to increase their speed, time spent trading, and overall efficiency.
Famous for its hosts, collectively known as the Dragons, the hit TV show has gained immense popularity among entrepreneurs and start-up businesses looking to expand their operations through investments. A lot of discussion boards on the internet talk about Crypto Legacy and its developers making an appearance on the show and securing funding from at least one of the hosts. We have looked into it and have found no evidence of the robot specifically being mentioned or featured on the show.
Looking for businesses in need of cash, The Profit features Camping World CEO and multi-millionaire Marcus Lemonis who gives cash-strapped businesses a chance to present him with their business plan so he can help them achieve their dreams. There are several rumours that Lemonis has met Crypto Legacy’s creators and backed their auto trading venture. Our research shows that this is not the case and Crypto Legacy has never appeared on the show.
Perhaps the most influential mainstream personality in the crypto sector, Musk makes it no secret that he likes crypto, especially Dogecoin. While some believe that he has built a significant wealth through Crypto Legacy, there has never been any evidence of this.
Tyler and Cameron Winklevoss are twins who became famous for their early investment in Bitcoin and setting up the Gemini crypto exchange. While they have certainly made a fortune investing in cryptocurrencies and many believe that they use a trading robot, there is no evidence of them ever using Crypto Legacy.
Knighted for his entrepreneurial efforts, Sir Richard Branson is a man of many talents who has interests in different fields, primarily through his Virgin Group, covering communications, tourism, entertainment, and travel amongst others. Many websites talk about Branson venturing in crypto trading, more specifically with Crypto Legacy. Sir Richard Branson has never acknowledged this and neither have we been able to find any evidence of it.
If you own a Windows-based device, you already pay homage to Bill Gates since he is the brains behind the computer operating system. Always interested in bleeding-edge technologies, there is speculation that he may be using Crypto Legacy to increase his wealth. We can assure you that the speculations seem to have no basis in fact.
Making a profit is never guaranteed, no matter how good your trading robot is, but there are a number of precautions you can take to improve your chances of success and minimise any losses.
Crypto Legacy says people can deposit as little as $250 and you should use this to your advantage. Invest the minimum $250 and see if the profits are up to your expected level. This way you only commit a small amount and protect yourself against bigger losses.
Save Some Profits
Don’t immediately spend all your profits or reinvest them into the robot. Put aside some of the profit you make. This way you have money on hand that you can use or reinvest at a more optimal time.
Follow the Advice of Experts
Fast trading or not, computer codes cannot factor in human intuition or insight and this is exactly why you should follow crypto industry leaders to find out their take in the short and long term.
Keep a Record for Tax Purposes
You will need to report your income to your tax authorities and having a detailed record of all transactions will help you do this. False reporting, even unintentionally, can land you in hot water.
Only Invest what you can Afford to Lose
Cryptocurrency trading is a volatile activity and where you will hear of people making millions, there are always those who have made a loss. Be smart and only invest an amount that you can live without. This way you avoid going under even if you lose all of your investment.
Crypto Legacy purportedly offers an innovative means for people to make profits in crypto. The robot’s claims are somewhat outlandish and it is reasonable to be suspicious. However, a large number of users’ testimonials seem to suggest that Crypto Legacy does in fact provide good profits. Taking into account its reputation and users’ satisfaction, the popularity of Crypto Legacy may be warranted.
Looking for another crypto trading robot? Why not check out our reviews of others such as Bitcoin System, Immediate Edge, Bitcoin Up and Bitcoin Prime.