WealthyBot is an automated cryptocurrency trader that, according to the vendor, lets you purchase and sell digital currencies with little effort. In this WealthyBot review, we shall try to determine whether this system is reliable or not by analyzing all its different aspects.
On the official website, we don’t have the official address for the company headquarters. The vendor has not shared any contact details either. We are quite disappointed to see the lack of transparency on the vendor’s part.
To create an account, you need to visit the sign-up page and create your login credentials. After logging in, you can set up your exchange and add funds or build a trading simulation for free. After you’ve set the system up, it will take a trading position when the market conditions are ideal.
WealthyBot has an official Telegram channel where you can get support and training. There are subscription charges but you need to pay the company a small portion of your gains. To set the software up, you can consult the product tutorials. Before you invest real money, you should use the simulator to check your potential profits.
According to the vendor, you should not transfer your investment capital to WealthyBot, because the amount is not refundable. You should always transfer the capital to your exchange so that you have full control over it. While there is a lot of general information related to cryptocurrency trading on the website, the vendor has not clearly explained the features available with the trading platform.
We don’t know what strategy this robot uses to trade in crypto pairs. Also, the vendor has shared any details on the withdrawing and deposit details. It is unknown how much money you need to get started with the automated system.
The idea behind WealthyBot
Customers expect companies to have a motto or a greater objective. Vendors often specify them on the official websites to share the organization’s vision with the user base. Unfortunately, there is no such statement available on the official website of WealthyBot. This makes us think that the company has no long-term goal and is only here to make some money off crypto merchants.
Unfortunately, the vendor has not shared the details of the team members. It is important for a Forex trader to know that a trading platform is managed by experienced people. Therefore, this comes as a huge disappointment. Since we know nothing about the developers and traders, we cannot determine whether the platform is efficient enough to generate stable profits.
Safety of WealthyBot and the network
Safety is one of the primary concerns for a serious crypto trader. Since you need to share your personal information on the platform, you want to make sure it has adequate security features. The lack of safety measures might lead to hackers accessing your data and stealing all your money.
WealthyBot uses API keys and stores them on the user’s system. Apart from this, the platform has no other security features. Considering other systems on the market have advanced safety features, we don’t think this is a safe system for trading in crypto.
The support section of the official website has multiple help documents that tell you how to set up the platform and how to use it. It seems there is no dedicated support team, and this is not a sign of a reliable service provider. In case you run into any trouble, you can use the live chat feature to contact the service team. They usually respond within 2 hours.
There is only a single user review for this crypto trading platform on the Trustpilot website. This indicates a lack of reputation and it is clear that not many people are currently using this system. In the review, the user has claimed that the company has not verified their account for over a year. They have stated that the company has no human representative that can provide quick solutions. This confirms our suspicion that WealthyBot does not have decent customer support.
Is WealthyBot a legit investment service?
Our verdictOur verdict
- No subscription charges
- Lack of vendor transparency
- Advanced security features missing