Launched recently, Bibit Bot is an arbitrage trading system. The information available on their homepage suggests that the software can monitor the digital currency marketplace and notify traders about when to place trades.

But is Bibit Bot a reliable option for investing in digital currencies? Let’s take a look at some of the most important facts in this review.

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There was not enough information to make an informed decision about this application in order to rate them as a scam or a legit one.

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Basic Information:

  • Price: Unknown Amount
  • Software: Online Product Advertising Solution
  • Max Returns: 100%
  • Min Deposit: Not Stated

Pros:

  • Fresh & Engaging Software Concept

Cons:

  • Not Endorsed By Mark Zuckerberg
  • Daniel Bluth Is Not A Real Person
  • No Limit To The Free Daily Spots
  • Never Explains How Users Accumulate Results
  • Barely Anything Authentic About It

Top10BinaryDemo Verdict

Not Reliable Service

What is Bibit Bot?

Buying at a lower price and selling at a higher price can yield significant returns. Many traders have been doing this for years now and have included arbitrage trading into their strategy for profitability.

Bibit Bot claims to send notifications directly to the trader when the opportunity for arbitrage trading arises. Their website says that making use of the software is risk-free and traders are guaranteed to gain out of every trade they place by following the system’s notifications.

This cannot be true because trading on its own is extremely risky. While there are chances to benefit from the increase and decrease in value of financial products, it is not easy to know when those opportunities arise. They could be there for just a few seconds before the markets start moving in another direction.

Trading requires a lot of dedication, concentration and effort. It is a time-consuming process because it involves consistent learning. There is no trading tool that can simplify trading to the extent that is mentioned by Bibit Bot. In fact, there is no truth to what the team standing behind Bibit Bot has stated.

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We haven’t found Bibit Bot to be operating in an unethical manner. We have found several problems with this trading tool.

How Does Bibit Bot Work?

Bibit Bot supposedly exploits the differences in price of financial assets and alerts traders when there is a mismatch between various exchanges. The trading systems is allegedly capable of spotting the difference between exchanges and allows traders to buy from one exchange and sell it on another.

The arbitrary principle employed by the trading system sounds convincing, but the fact is that it still carries a great degree of risk. The kind of opportunities that have been mentioned on their homepage rarely exists. Plus, if there is even a slight delay in executing the order, it can result in huge losses for the investor.

There are various plans available which traders can choose from and subscribe. Basically, the plan traders choose depends on their investment needs and budget. They start with a minimum investment of 0.03 BTC and goes up to 0.22 BTC.

The anonymous developers of Bibit Bot want to make people believe that trading with them is easy. But it is not because details about this service is not available publicly. If traders lose their funds or if the service closes down without any notice, then there will be no scope for getting a refund on the amount that was added to the account.

Interesting Fact:

In financial trading, arbitrage is a crucial activity because it helps lower price disparities between various financial markets. Moreover, it enhances the ability of traders to buy and sell by increasing the liquidity in the markets.

Bibit Bot: Scam Investigation

As already mentioned, one of the biggest problems with this trading system is that its developers are unknown. So what would traders do in case they don’t get a return on their investments? Is there someone they can complain to? No, there is no chance because they don’t provide telephone assistance. Investors can only reach them via telegram, twitter or email which doesn’t make much sense. Lack of support service only indicates that the company is not concerned about the needs of its clients.

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Another thing that bothers us is that these people have used fake testimonials. There are no positive comments published about this system anywhere else on the internet. So it is not possible to believe that there is a mysterious group of people who have achieved financial independence by using it. These are just lies which have been published to lure traders into signing up with them.

Putting your bitcoins or tokens into the hands of an unknown service provider is risky. They can close shop any time and run away with the investments and if they do so, you will not be able to do anything about it.

Final Words

Regardless of the kind of trading strategy that is used, there is always risk attached to making investments in the digital currency world. Bibit Bot may sound like a fresh concept that can actually help traders attain extraordinary results, but the truth is that it is just a failed system. It is meant to deceive traders and steal from them.

We urge traders to use caution when looking for software systems that can provide trading assistance. Due to the prevalence of scammers in the industry, many genuine looking systems are turning out to be scams. Bibit Bot is an example of a scam platform that only makes promises and delivers nothing good in return.

Conclusion:

t10demo_high_risk_stampOur investigation team conducted a comprehensive investigation on BiBitBot to find out if this product is genuine. As a result we cannot say that there was enough evidence indicating if BiBitBot is generating high profits. We found many reasons that made us suspicious about this robot being a scam.

 

In order to protect traders from bad trading experience and financial loses we recommend you to

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David

David

Hello!
I am David Raines, a Forex trader with years of experience in online trading. I write reviews of Forex Brokers, Auto Trading Software and Signals Providers.
David

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