Cat Crypto Bot (catcryptobot.com) is yet another Crypto currency trading bot which can be used on multiple exchanges. The developer claims that the bot comes with true lifetime licenses which gives access to all future updates, access to the community board, premium support by experts in addition to videos and tutorials. The first plan is free for a limited time and it is obviously meant to give trader a chance for testing the CAT Crypto bot and make up their minds whether or not this is something they would like to purchase a copy of the bot.
When asked whether the Cat Crypto bot is risk free, the developer replied with the following statement: ”Of course not. This is not a “get rich quick” scheme. Everything is still dependent on your choices but CAT helps you do things when you are away from your computer, or things you would not be fast enough to do yourself. No software that claims to give you unlimited gains and says it is totally risk free would be telling the truth. You just have tools that might protect you from regular trading risks.”
The domain was registered some time in 2017 and yet the developer is making it look as if the bot has been in existence for a many years. This is what they had to say with regards to the history of the bot. ”C.A.T. Bot’s (aka CAT) is known as the best bitcoin bot in the market but it’s name is in fact an abbreviation for Cryptocurrency Automatic Trader but in years it has evolved to be known more with it’s animal short name, purr but often times vicious towards it’s prey, the cat. Yet, it is not your regular house cat but instead it works for your benefits and helps you carry your trading strategies steps further by executing them even while you are at work or in bed. It purrs in your hands but vicious in the market.”
Having looked at this bot in details, we felt that it was time to review it just to see whether or not it is something that the community would be interested in at this point in time. But if you are looking for a bot that we have already analyzed and endorsed as profitable, we are recommending the ones in this list.
We were not able to establish who is the developer of this robot since the domain details are hidden and on their website, there is no proper introduction pertaining to names of the people behind the Cat Crypto bot.
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That aside, the developer of the bot has some interesting things to say about their work. When asked whether gains were guaranteed with this bot, this is what they had to say:
”After every completed pong order, there is a mathematical guaranteed gain that you enter in the program while configuring it. So yes, if the pong order is completed, you should have made some gains. But this does not mean there is a guaranteed trade CAT Bot offers you. It tries to do what you tell it to do. The coin of your choice may suffer a drop while you are trading with it, so in the end although you may be growing your value in terms of that coin, you may actually be losing money in regards to USD, or BTC. You have to make clever choices for pairs and markets.”
That statement is quite interesting because it does not come out quite clear. So traders may not even know whether or not they are losing with this bot. The interesting thing is that the developer is quite subtle about the question with regards to whether or not gains are guaranteed. We know that with any investment, gains cannot be guaranteed. So this should apply here as well.
The developer made the following statement on their site when asked whether there is a way users can test the bot before buying.
”Unfortunately, we currently do not offer a demo version for C.A.T. as it requires your API Keys to be controlled through our servers for add and remove at the end of your demo period and this would scare many of our customers off. We have given a promise of never communicating to any third party servers and we intend to keep that promise. But you are always free to sell your copy of C.A.T. Bot core if you are not using it. Just contact us through the community pages or [email protected] and we will arrange a transfer in between parties.”
What you are seeing here is that there is no free plan and yet when we go to the sales page where pricing has been listed, we find that there is a free plan as well. This might have been a small error but to be sure, it is worth contacting the developer to learn the truth.
The answer from the developer is as follows: ”Yes, it does. Although it depends on what you expect out of it and how much you already know about trading. You can be a total beginner and just get the hold of the program, afterwards it would be as simple as finding an average of two numbers in the market, and it would work. You can be a trading pro, and you could achieve a lot lot more with the detailed functions of CAT. We are not selling a magic wand here, but think of it as a “hard worker”.”
This statement shows an element of honesty from the developer and we are thinking that it would have been good if they let us have a free trial for a couple of days before coming up with a verdict.
Cat Crypto Bot does not sound like a bad idea. However, like any other trading product, you should exercise caution and maybe use a demo if that is available. Otherwise stick with these products.
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