WealthyBot uses a fully automated process for efficient trading. It boasts a simple setup and live support. With features like its trustless simulator, API protection, and many others, the platform claims to deliver successful results with minimal loss of capital.
About WealthyBot
WealthyBot platform provides an automated crypto bot that allows effortless trading with its efficient software. The vendor claims that it ensures that you get maximum profits with a low risk of loss with its optimized high-low setting. This bot does not have a subscription fee.
WealthyBot crypto trading bot: how does it work?
The bot uses an algorithm that initially trades around 18% of your capital in USDT. The USDT you hold in your exchange is your investment capital which you can set in increments in multiple exchanges with the help of the enable the average purchasing amount feature.
Before you start using the live trading feature, you can use the simulator to understand the working method of the bot. When you start live trading, the service requires a minimum deposit of $150 in your exchange account and $25 in the form of WealthyBot credits. If this amount is not present, the bot will not trade. As per the vendor, an amount lower than the specified minimum will make it difficult to execute trades.
How to set up WealthyBot?
Setting up the software involved the steps mentioned below:
- Visit the official site and register for an account. Create your login credentials
- After logging in you can start right away by linking your exchange and adding credits or you can try the free simulation feature
- When you complete the software installation, the app will start trading under favorable market conditions
Key takeaways
Some of the key features of this platform that make it competitive as per the vendor are:
- Mutual profit is possible when you use the bot. You get to use the platform for free and the vendor takes a small percent of the profits.
- Your API keys are stored in your system and the service does not have access to them. So, you can be assured of the safety of the keys and your funds.
- Tutorials offered by the vendor help in getting started and efficiently using the bot.
User interface
The website is designed in a user-friendly manner. The home page, getting started, support documents, etc. are present as separate sections and easy to navigate.
Trading strategy behind WealthyBot
As per the vendor, the settings of the bot work with the existing moving average and it does not buy or sell when it hits a high or low point. Instead, the bot attempts to identify a medium closer to the points which results in a lower risk probability. You also get to generate more profits. Due to this process, it may take a longer time to buy and you cannot predict the exact selling time.
The bot also uses the up-down setting which will enable making a buy every 1.5% exchange rate difference. You can try both strategies using the simulator to find which works best for your portfolio.
How profitable is WealthyBot?
Although the vendor claims that the system can generate high returns, there is no verified performance result present to back the claim.
Safety and security of WealthyBot
As per the vendor, your funds are secure in the exchange account you have set up and the bot does not handle funds directly. Other than the use of API keys, the vendor does not provide info on the general security measures used on the site for user data and privacy protection.
Customer support
A live chat feature, tutorials, and Telegram chat group are the main support methods the vendor provides for users.
Reputation
The website is powered by Secret Energy. We could not find further info on the company such as its founding year, the location, team members, phone number, and more.
Team members
No info is present on the team members, their experience, and their expertise. The vendor does not reveal info on the company.
Exchange compatibility
As per the vendor, the platform works with the following exchanges:
- Binance International
- Binance United States
The vendor mentions that the company will continue to add more exchanges and supported pairs in the future.
WealthyBot pricing: pricing details
While the service does not charge a subscription fee, it charges 20% percent of the profits you generate by trading via the bot.
WealthyBot review: upsides and downsides
| Upsides | Downsides |
| Free subscription | Lack of vendor transparency |
| Trustless simulator | No proven track record |
| Only a limited number of supported exchanges |
WealthyBot review: final remarks
WealthyBot assures a successful crypto bot that can generate maximum returns with minimal losses. The free subscription and simulator features are important benefits for users besides the user-friendly interface. The lack of an extensive number of supported exchanges and currency pairs, and the absence of vendor transparency are some of the shortcomings of the service.
