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WedxBot Review: Telegram Investing Scam?

WedxBot Review: Telegram Investing Scam?

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WedxBot (wedx.website) is a telegram bot that is allegedly designed to help investors earn Crypto currencies every 24 hours. The developers claim that the bot is able to profit from 100 different sources, although they did not specifically mention what these sources are.

According to the WedxBot about us section, this is what they are saying: ”WedxBot bot is an automated trading platform that provides you with simple investment tools through the Telegram application to grow your cryptos. We seek to empower the crypto currency community and we believe that through WedxBot we will do just that, as it is ideal for both experienced traders and those who are just beginning in cryptocurrency trading. Above all we are group of entrepreneurs focused on quick buy-and-sell transactions combined with arbitrage cryptocurrencies and mining, we guarantee daily profit sharing to our investors investors without fail, thanks to the advanced methods of trading we have developed over many years of experience and the various verified signals we receive daily.”

wedxbot

First of all, the operators of this website are 100% anonymous. Their backgrounds cannot be traced on the internet because they are mysterious. Furthermore, we think that guaranteeing profits in this deal is just a far fetched claim and to some extent a marketing gimmick that cannot be substantiated. These guys simply need to be investigated because even their whereabouts cannot be established. We do not like recommending anonymous investment operations in all of our reviews and certainly there is no way we will include WedxBot into our list of preferred Crypto currency trading bots until certain things have been made clear.

WedxBot review

Since we do not know anything about this developer and cannot even verify their experience in the trading industry, we will focus on the aspects of this bot in order to find some clue. This is what they are telling us on their sales page:

In order to begin investing with us and use the WedxBot, you will need to install the telegram application from https://telegram.org/ on your desktop or mobile device. We have only one investment plan designed to suit the needs of everyone in terms of generating daily profits. The minimum amount that users can invest is 0.001 BTC and 0.05 ETH and there is no maximum on the investment amount.

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The telegram bot generates a crypto address where you can send your coins deposits. Several deposits can be made using the same telegram account. The deposits are visible in your account balance after three blockchain confirmations of the transfer. However, the standard time is usually 20 -30 minutes depending on the network load and the transaction fee used.

Your investment will generate 5% profits for 100 days (your initial capital is included in your daily profits, your total return on investment will be 500%. Your profits are added to your account balance daily, and are available for you to withdraw at anytime of your choosing, once you have the minimum withdrawal amount.

Returns are quite suspicious

WedxBot guarantees profits to investors, which is a promise you cannot believe since there is no investment operation that can generate profits like that. Furthermore, they are claiming that this bot is generating 5% daily return and we have to ask ourselves whether there is a kind of trading that is this profitable.

Look at what we found on their website:

”We offer you an original investment program with a natural yield and an accessible financial threshold for customers of any status. Invest any amount beginning from 0.001 BTC or 0.05 ETH and earn a fixed profit percentage of 5% every day added to your balance for 100 days.”

Furthermore, they make the following claims in order to convince investors more.

”We developed a multi-level cooperation program with the BitxPay partners: actively recruit new investors and earn up to 15% net income from your referrals’ investments. with your referral link you can, recommend our program to your friends and family as well as others and earn extra income in commission to yourself. The commission is instantly added to your account balance once the user’s deposit is confirmed, and is made available for withdrawal. There is not limit on the amount of commission you can earn.”

A user friendly robot for trading Crypto currencies

WedBot bot eliminates the complexity in cryptocurrency trading as well as the need for users to constantly monitor their trades we monitor the trades on your behalf with the help of our professionals, thereby increasing the success rates of your income.

Wedxbot are not charging any fees

For as long as your account contains the minimum withdraw-able amount, you can place a withdrawal request that will be processed instantly to your registered bitcoin wallet upon request. The entire process is automated.

24/7 customer support

In case you have any inquiries or issues, you can always access our 24/7 customer support through either Telegram or email. Our support representatives are well qualified to answer all the questions you might have.

Should you invest in Wedxbot?

The first question you should ask this developer is whether they have proof of the profits they claim to generate their investors on a daily basis.

Secondly, we just need to hear public opinion regarding this bot. So far, there is no customer feedback anywhere on the internet and we have no idea whether or not this is a profitable as claimed on their website.

Thirdly, we think the marketing is just too gimmicky and too good to be true. In as much as the minimum deposit is quite affordable, there are better ways to invest your money rather than investing it in a bot like Wedxbot.

Our best advice for you

We just have no confidence on this Crypto trading bot until certain things have been made crystal clear. We need this developer’s trading background and once we verify that this bot produces daily profits, we can include it in our list of the most popular products to use for your trading. As it currently stands, we would not be taking unnecessary risk recommend it to the community. Stick with our recommended trading bots. 

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