RevenueBot Review: Is App Legit or Scam?
RevenueBot is a platform where you can create an automated bot that will trade different cryptocurrencies according to predefined strategies.
You can create your own bot with your own strategy or copy a ready-made bot of famous traders for a small fee
For beginners - connect your exchange, copyfamous traders' bots and begin to earn money
For professionals - Create your own bot with ultra-flexible settings
The platform is fully secure as all trading is done on your exchange account
RevenueBot Review Summary
Ease of Use
Average bot profit per month - 25,6% USDT/BTC
Want to find out quickly how to run bots and how much you can earn? Here are the shortcuts so you don't have to read the whole article!
What Is RevenueBot?
RevenueBOT is a trading robot based on the volatility of cryptocurrencies. This software is designed to automatically trade cryptocurrencies using an API interface. The revenuebot.io system was created by experienced developers on October 11, 2018, and has been successfully operating on Binance, Kraken, Bitmax and other exchanges since then.
Let's take a look at the Revenue bot review, its main functions and the conditions for using bots.
Advantages and disadvantages of RevenueBot
The cryptocurrency market often sees sharp price spikes, but this robot continues to produce excellent financial results. The service registers more than 4,000 successful trades per day, completing cycles with profits. Based on the Revenue bot review, you can understand that the service is designed for passive income from the work of trading bots only, independent trading is not provided.
Then you need to agree with the rules of the service and click on "Create account". That's the end of the registration! Now you have to wait for a response from the support team. It is usually received by email within 24 hours.
RevenueBot trading platform
Free to use
This trading robot is designed to make money on these cryptocurrency exchanges. It offers built-in efficient strategies to automate cryptocurrency trading. It provides full statistics on trading and income, as well as a user-friendly interface to access all possible settings of the robot. To get started on the revenuebot.io platform, you only need to follow a few simple steps:
The RevenueBot service operates around the clock. The bot's algorithms are based on the Martingale system, which is successfully used by thousands of stockbrokers around the world. The revenuebot.io system offers over 6,000 bots, more than 1,500 of which are active every day. According to the statistics, more than 100 thousand deals are successfully closed per month. At the moment the resource has about 5500 users, 10-15 new clients are registered in the system every day.
Minimum deposit to use RevenueBot
The minimum deposit for bot operation is calculated based on the number of orders in the order grid used by the bot. The bot divides the amount of money in the account into parts. Each of the orders in the grid must meet the requirements of exchanges for the minimum amount. We recommend allocating 150-200 GBP to the bot.
For example, if you chose BINANCE, the minimum order size is 0.001 BTC. To make a grid of 20 orders, you must have about 0.02 BTC on your account. If the deposit is lower, the bot will not be able to create orders on the cryptocurrency exchange.
RevenueBOT only takes a 20% commission on the profits a client makes when trading the bot. But this amount cannot be more than £50 per month (in BTC equivalent). With the right setup, private traders earn +0.2-0.7% of their deposit per day.
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What algorithms the Revenue Bot uses
The revenuebot.io service works so that cryptocurrency trading uses a grid of orders that the bot places on the exchange. The volume of these orders is determined by a martingale system. In addition, filters are available to start the bot. They allow private traders to trade only at the appropriate moments. This helps to make the right decisions and not to sell cryptocurrencies too early and cheap or buy them too early and expensive. The bot trades funds that the user has in his personal account on the exchange. In its work, it uses an API interface designed for placing orders (according to a specific algorithm) and tracking their execution.
Currently, RevenueBot offers 2 algorithms for bot operation:
It turns out that the success of cryptocurrency trading is determined by the number of orders in the grid, the distance between them and the difference in their weight, as well as the indent of the first and last order in the grid from the current price. All of these indicators are set in the bot's settings.
The creators of RevenueBot do not give information on the providers of trading signals. However, private traders consider them accurate for entering a trade. To get high returns, you need to choose the right trading pairs with good volatility. Trading signals for each of the cryptocurrency pairs and volatility indicators are available on exchanges.
RevenueBot demo account
There is a demo account on revenuebot.io, but it is significantly different from other similar systems. On this site you can use the bot for free until it generates revenue.
After the first profit generated by the bot, the account balance becomes negative. From that moment on you have 3 days of free use to get familiar with how the bot works and evaluate its effectiveness. Then, if desired, you can top up your trading account and continue using the service.
Revenuebot fees, what's the commission
Trading commission is charged in accordance with the rules of the exchange to which the bot is connected.
To help you track commissions, RevenueBOT shows all the transactions made by the bot in your RevenueBOT personal account. You can also find there all the summary information about the profits made.
The platform has a free period. Users can set up and use the bot without any fees for as long as they like before they make their first profit. Once the trader has made a profit, the commission is deducted from the trader's balance in the service provided. The free period is limited to three days from the current moment. If no payment is received within that time, access to the service will be restricted.
How to connect exchange API to platform
For almost all exchanges, the process will look the same; let's take the most popular exchange, Binance, as an example
Binance API connection
Step 1: First of all - you need to create Binance APi key - login to your Binance account and click on your profile icon in the top right corner and select API Management
Step 2: Enter your API connection label (any label), we have chosen "RevenueBot" - it does not affect anything
Step 3: Enter the code from your email, the SMS you received on your phone, and the code from the Google Authenticator
Step 4: Finished! You have your API key and your secret key
Step 5: Login to RevenueBot and open the "API keys" menu, click "Add new API key"
Step 6: Enter key name (any - only affects the display in the system) (1), Select exchange (2), insert API key, insert secret key (4), press "save
Yay, it's done! Now you can connect your bots to trade on Binance!
We have studied the reviews of real traders about RevenueBOT.io and selected the most characteristic ones for you.
Great bot. Orders executes quickly. You can connect many bots with different strategies at the same time. There is a simulation of the bot. I am glad I can start using the service without any fee. I am not a techie, the interface was the most important thing for me. I got it in 1 evening. Also they have an extensive knowledge base, in fact - a whole encyclopedia of the service.
To sum up, well done guys!
I wish further development of the service and the addition of new functions.
Great service!!! They will help you with the settings. Great tech support, thanks 🙂 Solved my question in minutes and gave me the help I needed !)
"The most handy bot"
The most handy bot that is constantly being updated. The developers are very responsive to user requests. Updates are really constant. Convenient payment system. Pay only when the bot makes a profit. There are a lot of different settings that allow to implement many trading strategies. There are times when users feel that the most profitable trading right now and here, and put in the Marketplace ready settings of the bot, which can be purchased for a small fee (repaid instantly). You can run many different bots on different exchanges. There is futures trading (USDT-m and Coin-m) for cryptocurrency.
"all so good"
all so good. 5/5
Prices for exploitation are decent.
Bots don't stop, work 24/7.
There is a marketplace with bots/mentors for the lazy.
Active chat in the cart in which admins periodically appear.
Hot to cheate your first crypto trading bot
It can be a bit tricky at first and you will have to look at the documentation. We will walk you through the steps to create your first bot.
If you want to get started quickly and not get into details, skip to the next part of the article - there we will tell you how to copy bots of famous traders and crypto-funds in a couple of clicks
Step 1: Select 'Bot Quick start' (1), give your bot a name, again this does not affect anything (2), select the exchange the bot will trade on (3), select the API key of the exchange
Note: you have to add your exchange API key in the system first to be able to select it
Step 2: Choose which cryptocurrency the bot will trade. We recommend that you don't choose any unknown coins with low capitalisation. If a coin is not on CoinMarketCap.com's list, that's a bad sign.
Step 3: Create a new virtual wallet in the system (all done in the RevenueBot interface) - follow the prompts.
Select the number of orders that the bot will place on the exchange.
The more orders the bot will place, the more profit, but also the more deposit you will need
Step 4: Choose the level of risk you are prepared to take. We recommend starting at normal and low levels for your first bot.
Well done - the bot is ready to go - run it and watch it trade.
Copytrading - how to copy bot from bots Marketplace
There are many successful traders in the market who have spent months studying technical analysis and writing their own bots. On the RevenueBot marketplace you can buy their experience packaged in bots for ridiculous amounts of money.
There are many different bots on the marketplace, choose bots that suit your risk level (low, normal, high), trade on cryptocurrencies you know and run them!
Bot prices range from 10 GBP to 200 GBP on average. That's ridiculous money for months of traders' hard work
How much profit can a bot make?
We estimate that bots make between 20% and 35% profit per month.
Yes, it is not 1000% per month, but it is a real working tool, not a HYIP or a scam.
If you invest 1000 GBP you will get more than 4200 GBP in a year, reinvesting the interest.
*Note, that there is not an investment advice - ll trading is risky and can lead to losses!
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RevenueBot referral programme
Revenuebot.io has an affiliate program and it may be of interest to many traders. With the RevenueBot referral program you can earn a passive income just by recommending the robot to your friends and acquaintances, visitors or subscribers. You can earn 30% of the earnings of your referred users. Webmasters earn up to 15 GBP per month in BTC equivalent from one referral. The minimum payout is 0.003 BTC.
There are 2 types of promotional materials available to affiliates:
Referral payments are made on request from the site's admin area. All you need to do to receive the profit is to log in to your account and click on the Referral Program link in the top menu. Then choose a suitable advertising format (link, slogan or banner) and promote it via the Internet - social networks, forums, etc.
Revenuebot deposit and withdrawal
When you create an account on revenuebot.io you automatically get a BTC wallet. The account balance is topped up on the profile page or in the dashboard tab. Click on the link Top-up balance. As soon as the QR code scanning window opens, a transfer to the BTC-purse is made.
RevenueBot does not store or accept any user money. All funds are stored in traders' personal accounts on cryptocurrencies.
You do not need to withdraw the money - it is stored in your exchange account
You can fund your account with BTC, BCHABC or ETH. Deposits to BCHABC and ETH are automatically converted to BTC at the current exchange rate.
For Revenuebot withdrawal, the situation is similar. If you want to withdraw funds from commissions via referral program, you have to request it manually. To do that, enter bitcoin wallet address in profile settings.
How do I use RevenueBot?
RevenueBot is a tool that allows you to collect data about your competitor's revenue and traffic.
To use RevenueBot, you first need to create an account. Once you have created an account, you can add your competitor's websites to the list of sites that RevenueBot will monitor.
RevenueBot will then collect data about your competitor's revenue and traffic. This data can be used to help you make decisions about how to compete with your competitor.
Which strategy is best for crypto trading?
Strategies that work well for some traders may not work well for others. It's important to find a strategy that matches your trading personality and investing style. Some common strategies include technical analysis, fundamental analysis, and swing trading. Experiment with different strategies and see which ones work best for you. Remember, there is no one right way to trade cryptos – it's all about finding what works best for you.
Which coin is best for daily trading?
There is no definitive answer to this question, since different traders have different preferences and strategies. However, some traders swear by Bitcoin because its volatility offers more opportunities for profit, while others prefer Ethereum because it has a lower value and is therefore less risky. Ultimately, it's up to the individual trader to decide which coin works best for them.
RevenueBOT is a cloud-based bot for automated trading on cryptocurrency pairs. It works using the Martingale strategy and by connecting to popular cryptocurrency exchanges via API. Revenuebot.io is a very attractive service for passive income. Moreover, you can earn both from trading cryptocurrencies and from attracting new users to RevenueBot platform.
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Latest page updates
8 November 2021 - Added value of average profit per month
8 November 2021 - Supported exchandes list has been updated
10 November 2021 - Added API step by step guide
10 November 2021 - Bot creation guide added
10 November 2021 - Bots Marketplace review added to the article
28 September 2022- FAQs added