BiBit Bot (bibitbot.com) is a trading robot which claims to earn its users free profits as it operates based on arbitrage principal. This service is relatively a new entrant in the crypto space which has been active for around 3 months as of writing this review.
While we were investigating this service, we had mixed impressions about them.
Continue reading our full review to find out if this service is trustworthy or not.
BiBit Bot Company and Support
BiBit Bot provides financial services and allied activities which requires them to be regulated by certain local regulators depending upon their location. Since we could not find any details about them, we believe it might be operating illegally.
The Support team of this firm can be reached through telegram, twitter and email.
Email – [email protected]
will you invest your money into a firm which does not provide telephone assistance and maintains anonymity?
How BiBit Bot works ?
BiBit Bot is a trading software which exploits price difference when there is a mismatch of the price feeds in between 2 or more exchanges.
For example let us say an asset X is being sold for $ 1 on one exchange and at the same time on some exchange it is being bought for $ 1.10. By buying from the former exchange and selling it to the later the trader or investor can earn a profit without any risk involved, this is known as arbitrary principal.
However, in recent days due to the technological advancements, these type of opportunities rarely occur. This system is also not fail proof a delay or slippage in order execution can result in a loss.
Some of the salient features about the service are
Personalized Notification Settings
The users can customize the name of the notification channel by accessing template in the CMS (admin panel). To receive notifications the users shout input any percent in the arbitrage transaction on each currency.
This features allows the users to track their favorite assets on stock exchanges. In order for this service to get activated you have to get in touch with the support team.
This platform has a ready CMS (admin panel) for connecting any currency. By using this option you can be sure that you will get all the latest notifications about the market movements.
The users can set up custom notifications wherein, whenever a sharp movement of 5 – 10% occurs in a specific pair, they will get notified.
Investment packages with Benefits
1. Test Edition – Access for 14 days
Cost – 0.03 BTC
No of Currencies – 3
No of exchanges – 9
2. Expert Edition – Access for 30 days
Cost – 0.06 BTC
No of Currencies – 4
No of exchanges – 9
3. Guru Edition – Access for 30 days
Cost – 0.22 BTC
No of Currencies – 9
No of exchanges – 15
The amount of distinct features available to the users depends up on the plan chosen but here is a list of them.
- Comfortable CMS
- Personal Notifications
- Selective Pump & dump notifications
- Any percent for arbitration
- Free support 24/7
There is a personal edition plan wherein the users can have up to 3 connection and each of the connection cost 0.03 BTC.
A number of testimonies are put up on their website wherein the early users express their views about this firm. The testimonies are too favorable towards them and there is no way to verify or trace the identity of the users.
What returns can you expect from BiBit Bot?
There is no exact dollar figure stated by this service as there are many factor which might influence that.
However, the amount of profits depends upon your trading capital.
According to whois.com this domain was registered on 11/04/2018.
This website has a global rank of 4,886,594 and it ranks 411,796 in Russia.
This site seems to specifically target users from Russia.
The payment methods accepted by this platform are Bitcoin, Litecoin and Ethereum.
Is BiBit Bot a scam ?
There isn’t much information about them on the forums or any other social media platform, since they are very new. Time will tell if they are legitimate or not.
BiBit Bot Review Conclusion
BiBit Bot offers intuitive service at affordable price but before you make a purchase make sure that you exercise caution while dealing with them.
What is your opinion about the BiBit Bot? If you have any information about this service please leave a comment below.
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