Ethereum Trader Review 2021 – Is it Legit, or a Scam?

Prices of cryptocurrency fluctuate very often sometimes from minute to minute, hour-to-hour and day to day. The best way to make profit from your investment is to buy these digital coins when their prices dip and sell when it rises again. However, it is not easy to do this because it is difficult to predict when it’s time to sell and when it’s time to buy to optimise profit.

For this reason, cryptocurrency trading software has become the order of the day when it comes to crypto trading. The software makes use of complex algorithms to determine and access the crypto market to identify when it’s best to sell and buy or do any transaction at all. They automatically carry out these transactions depending on what their users want.

This Ethereum Trader review will take you into an in-depth analysis of trading software, Ethereum trader.

But Is Ethereum Trader legit or just another scam? Continue reading to find out our verdict on its legitimacy. Also, you can see how Ethereum Trading works its pros and cons and how you can register and begin trading using this crypto software.

 

Table of Contents

Ethereum Trader at a Glance

Type Bitcoin Robot
Minimum Deposit $250
Withdrawal Duration 24 Hours
Mobile App No
Supported Cryptocurrencies BTC, ETH, XRP, LITE, BTCEUR, BTCUSD

 

Ethereum Trader App Review: What is Ethereum Trader?

Ethereum Trader

 

Ethereum trader is an automated crypto trading bot that was created in 2017 by a group of experienced Ethereum coin brokers. This group of skilled and extremely knowledgeable brokers came together to build an advance and complex crypto algorithm which forms the basics of operation of Etheruem trader. After the creation of this crypto trading algorithm, this group of brokers claimed that the software was faster than any trading program in the industry when it comes to trading. The program quickly grew to become among the most popular trading software in the market, particularly, for its beginner-friendly nature. It has an easy-to-use interface making it easy for people just beginning in the crypto trading industry to use.

The goal of the creation of ethereum trader was to reduce the pressure on crypto traders and increase profits. This trading bot constantly makes use of algorithms to analyze information about the market.  It is capable of analyzing trading volume and crypto coins to determine the direction prices will go from today. This way, it automatically buys crypto when its prices dip, and sells when it peaks.

Ethereum Trader App: Legit or a Scam?

The first question many people ask after learning about ethereum Trader is; is ethereum trader scam or legit? There must be a catch for a program that promises such high-profit returns on investment.

So far according to our research, the software seems legitimate and trustworthy. But even with this, it is always advisable to be cautious as you could still lose a lot of money. Always remember that investing in any crypto trading bot is not a total guarantee that everything is going to go smoothly. Using a trading bot carries almost the same risk as manual trading due to the crypto market volatility. Apart from this fact, you are bound to lose money when the market takes a downturn.

Just like any other trading software you need to set it to trade the way you want if you want to avoid any unnecessary loss. Automatic trading software is a relatively recent invention so we can’t say for certain if ethereum trader will offer you a permanent source of income in the long run.

Ethereum Trader Features

Below are some of the outstanding features of Ethereum trader that makes it unique from the rest of all the boards.

Deposit

Many training programs require that you deposit a large amount of money before getting started. However, this is not very advisable for new traders. The minimum amount of money you can invest in Ethereum Trader is just $250 which is the lowest deposit amount you can find and a trading bot.

Quick Withdrawal

Many other cryptocurrency trading bots takes almost a week to process request of withdrawal. It can be frustrating and stressful when you have to wait for a very long time for your money to get into your bank account especially when transferring a huge amount of money. Ethereum trader withdrawal is fast. According to comments people seem to see their withdrawal request within 24 hours of asking.

Fees

Many trading bots charge certain fees as a way of getting money from they are users. However, this is not the case with ethereum traders as it doesn’t charge any registration fee, broker fee or have any other hidden fees. The program only charges 1% to cover its running cost from its users.

Demo Trading

This is one of the standout features of this trading bot. You have the option of testing out different settings so you can know what works for you. This way you won’t have to risk your money figuring out how ethereum trader works.

How to Create Ethereum Trader (ETH) Account

Ethereum trader signs up is extremely easy thanks to its user-friendly interface.

Ethereum trader registration process is also incredibly quick. All you have to do is type in your contact information, create a password and you can get trading in a matter of minutes. Below are some steps you can use to create an account quickly:

Step 1 – Registration

Ethereum Trader Account

After going to the site scroll down the page until you locate the registration form. Then type in your full name A Country stay your email address and your phone number. Type a unique password you can always remember and secure. After registration, you just have to enter your enthereum trader login and begin trading.

Step 2 – Try Demo ETH Account

Before you begin trading with your own real money you need to try out ethereum trader demo account. It comes with an account balance of $1500 and it gives you the ability to make adjustments and crypto trading transactions to practice. It also comes with a guide that will take you through the program and inform you of everything necessary you need to know.

Step 3 – Deposit Funds

Once you have enough knowledge on navigating software they can move on to deposit the funds you want to use for trading. We recommend depositing a minimum amount of $250. You can make deposits using credit cards or Visa cards from Maestro, Visa, MasterCard. Other methods you can use to make deposits include American Express and Neteller.

Step 4 – Trade Ethereum For Real

Ethereum Trader Account

When you’re done making the deposit go back to the trading room. You can trade Ethereum, Bitcoin, Lite coin, and Ripple on Ethereum Trader. You can also pick the trading pair you want and the total number of concurrent pairs. Once you’re done putting in your settings click on auto trade and the software will do the rest.

Ethereum Trader UK Features – Why Choose Ethereum Trader Robot?

Easy to use Interface

Ethereum trader comes with a user-friendly interface that allows for quick registration, deposit as well as withdrawal. You don’t have to be an expert on trading before you can use its platform.

Reliable Customer Service

You can always get customer support at any time of the day. This is an important feature because bitcoin traders are located all around the world so customer service needs to be available whenever they need it.

Demo Trading Account

The demo trading account is an extremely considerate feature of the creators of ethereum trader. It helps to give you a clear understanding of the software and how you can make money from trading.

Fast Analysis

Ethereum trader analyses the data it gathers from the market at an extremely fast pace allowing it to make quick decisions to take advantage of an opening in the market where you can make money.

Pros and Cons of using Ethereum Trader UK

Every bitcoin bot comes with its own pros and cons. Consider the pros and cons of every trading bot before signing up.

Pros Cons
 Demo account  No Mobile app
 Does not charge any subscription or registration fee.  Doesn’t eliminate the risk
 Easy-to-use interface
 It has a high win rate.
 Excellent Customer Service

 

 

Which countries is Ethereum Trader in?

According to some external sources, ethereum trader is available in more than 150 countries some of which include the United Kingdom, United States, Australia, and Canada.

Ethereum Trader UK: Ethereum trader services are also available to traders staying in the United Kingdom. Registration and set-up are easy. To get started, follow the procedures outlined above.

United States: Traders in the US can enjoy the services of ethereum trader by registering on their desktop or their mobile devices.

Australia: Ethereum trader services are easily accessible in Australia. With the user-friendly interface of the software, Australian traders can enjoy the services of this robot.

Canada: Bitcoin bots are in full operation in Canada and this is the same for Etheruem trader. Canadians can quickly register on the website by putting in the needed information.

How Much Money Can I Make Using Ethereum Trader?

According to adverts from the makers of the software, it makes more profit compared to other trading software. The website says that its users make appropriately $1,300 per day. If you are a beginner, you probably won’t make up to that per day. However, you can make this much in the long run.

Ethereum trader creators also claim that the success rate of their program is between 85-95% which better than many other trading software. While we are not sure of their claim, we can say that it does better than most other trading programs. You should always remember that there are a lot of risks that come with trading cryptocurrencies. The market is always volatile so it’s important to learn as much as possible about ethereum traders before investing your money.

When Should I Use a Bitcoin Robot?

Difficult Trading strategies

Because we are only human there are certain strategies we can’t carry out without the help of a computer. You will need the help of an automated trading bot if you want to implement certain complex treading strategies. The Crypto trading world will only get more complex so it is important you get used to using trading bots for more complex trading techniques.

Repeated Tasks

There is no need for you to continue manually copying and pasting a technique you want to use again when you have a trading bot that can implement the technique again and again. There are times when you will need to repeat the same trading strategy. You can employ the help of a trading bot that will simply keep on running when you are done. All you have to do is configure your trading bot.

Is Ethereum Trader Right for Me?

In the end, the decision to use ethereum trader lies with you, our Ethereum Trader Review is to show you what the trading bot is all about including its pros and cons. Before making a decision it is important to examine other trading bots to see how they compare to ethereum traders to see which one works best for you. Ethereum trader can be used by both beginners and experts alike.

 

Worthy Tips for Beginners to Make Positive Returns Using Bitcoin

Below are some tips for bot treading if you are a beginner.

First Learn About Crypto Trading

Cryptocurrency trading is a complex activity, and it’s important to get a grasp on the fundamental of trading. This will help in setting up your trading bot.

Begin With a Demo Account

It’s always better to start with a demo account so you can learn all there is to know about the trading robot you are using. This also allows you to try out the different trading strategies that you might have.

Never give our trading software access to withdraw

This an unnecessary feature that you should never allow. It is always better to withdraw your money by yourself except when you are doing arbitrage between exchanges.

Enable two-factor authentication and put strong passwords on all you can

Always ensure you make it as hard as possible for a third party to access your account.

Two coins don’t behave the same

The most stable coin is bitcoin so you can go with your usual trading strategy. However other coins behave differently so you might want to try out a different strategy to see what works.

Expect losses

Trading automatically doesn’t mean you are going to make a profit. It is completely normal for bots to lose money, so in the end, you will have to depend more on your strategies if you want to make money continuously. Do not be afraid of losses, and switch of your bot. sometimes you have to be patient and allow your bot to do the work.

Different markets need different strategies

Prepare different strategies and try them out in different markets to see which one works for them.

Start with small amounts

Before investing big ensure you are satisfied with what is happening. Even if you are sure of what’s happening it is always better to trade with only a portion of your money.

Why are Bitcoin Robots Profitable?

Automated trading

One of the major reasons why bitcoin robots are so popular among crypto traders is because of their automated trading system. These bots are created to carry out transactions in a few seconds. So traders can become more efficient and productive as transactions that should last for some minutes or hours are done in a few seconds. These trading robots are able to gather and analyze information about the market that would otherwise take hours to manually process and make the right decision on when to sell or buy.

ETH Trades are made based on statistics

These trading robots make trades free of human emotion which reduces the risks for traders, meaning they can make a more consistent profit without incurring much losses. They trade based on statistics.

High-profit return

Another reason why bitcoin robots are profitable is because of their high win rate compared to manual trading. Many trading programs promise a high win rate of almost 80%. While we are not sure of the accuracy of their claim, we still believe some bitcoin robots offer some investors a better chance of making money.

Who Created Ethereum Trader?

As reported, expert brokers who saw the need for an automated system to trade cryptocurrencies created the Ethereum Trader. Their real identities are not made public may be due to anonymity associated with the crypto space.

Possible Risks when Trading with Ethereum Coin Trader Brokers

Just like other crypto trading bots, you should always remember that there is always the possibility of losing all your money. So you should always remember this when making an investment in ethereum trader.

Although Ethereum Trader was made with the best knowledge available, the crypto market can be volatile and it can take a nosedive. In this situation, no software can keep making profits. When the crypto market suffers, you are bound to lose money.

The best way to make money is to make just the minimum deposit and leave your profit to grow. This is better and less risky than trading with a huge amount of money. It is also better you withdraw your profits frequently to keep them out of harm’s way.

Why Trade Crypto CFDs With Ethereum Trader?

Security

The auto trading platform’s priority is the security of its customers’ personal information. Hackers will have a difficult time tracking down any of the customers’ information because it is securely encrypted.

Easy to use interface

Usually, CFD trading platforms have a complex interface, but this is not the same with Ethereum Trader. This trading platform is intended to meet the growing trade needs of both newcomers interested in Bitcoin/other cryptocurrencies and more experienced traders, and as a result, the software should be simple to use and understand.

Market Updates

Users will receive regular updates on the current state of the market through the application. This allows you to stay up to date on your positions and responsibilities.

Does Ethereum Trader Have an App?

Yes, it is a web-based app.  If you want to gain access to the trading bot, you have to do so through a desktop site. Although you can always use your phone’s browser, it better to access the site through your computer.

Trade Ethereum Using Ethereum Trader

As the name implies, this platform allows users to trade Ethereum as their main coin as opposed to other crypto robots that focus mainly on Bitcoin. To trade Ethereum on this app, a user has to first create an account from the official website of the app. the information required to create an account, is your name, email, and phone number. After the account is created, a user has to deposit a minimum of $250 to trade with.

The user can then set the trading positions and parameters wanted for trading Ethereum like the price to buy and sell. Once the position is set and the robot is activated, it starts trading based on the parameters set and users can withdraw their earning after a trading session. The platform also has a demo feature for users as a way to know more about Ethereum and how exactly the app works.

Has Ethereum Trader Been Featured on the Media or Endorsed by a Celebrity?

There are several articles that say that certain public figures such as Jamie Oliver supports it. However, this is not the case. No TV, personality or celebrities has said any about ethereum trader. There has been no huge public mention on Twitter and Forbes either about the trading bot.

Elon Musk

Ethereum Trader Elon Musk

The eccentric billionaire is the main figure behind Tesla and SpaceX. Despite his initial support for bitcoin he hasn’t endorsed bitcoin traders.

British Bitcoin Profit - Holly Willoughby

Ethereum Trader Holly Willoughby (This Morning)

She is a popular English television presenter. She currently works for ITV’s This Morning and Dancing on Ice as a co-presenter together with Philip Schofield. Currently, she did not endorsed ethereum trader.

Ethereum Trader Trustpilot

This is a website created in Denmark in 2007. It provides a public review of companies and businesses worldwide. There have been many customer reviews about ethereum trader with many being positive and some others being negative.

Forbes

Ethereum Trader Forbes

This is an American business magazine created by Integrated Whale Investment and the Forbes Family. It is published eight times a year. So far there has been no mention of ethereum trader anywhere on Forbes.

Ethereum Trader Reddit

This is an American social website that combines news, ratings on web content and discussions. Reddit has not endorsed ethereum trader

Twitter

Ethereum Trader Twitter

Twitter is a microblogging and social network created in the US. It is one of the biggest social networks in the world. Twitter hasn’t endorsed ethereum trader.

ETH exchange Arbitrage Bot

It is a bot that makes money by exploiting inefficiencies in the market between multiple exchanges. Frequently, it merely sells at a premium on one exchange and buys at a discount on the other, resulting in the execution of two transactions at the same time. Normally, your arbitrage bot takes into account exchange fees as well, allowing you to profit from your trades.

Ethereum Trader App Review: Our Conclusion

From our research, we discovered that while the high rate promised by ethereum trader might not be realistic, even though it offers users a legitimate way to make money. It features a user-friendly interface that is easy to use and a quick and easy registration process. Users stand a chance to gain a lot from its demo feature that allows new them to acclimatize themselves to the software before beginning to trade with their own money.

Ethereum trader was created to reduce the pressure on crypto traders and increase profits. Trading with this platform requires a minimum deposit of $250, which is used by the partnered brokers to trade with based on the signals received from the robot. The platform can be accessed from all devices via their browsers.

 

Top 3 Alternative Bitcoin Robots:

ALSO READ:

Bitcoin Era UK Platform

BitIQ App Review

Yuan Pay Group App Legit – Is it a Scam?

FAQs

Does Ethereum Trader App Work?

Is Ethereum Trader Good?

Is Ethereum Trader Real?

Is Ethereum Trader Safe?

What is Ethereum Trader?

Is Ethereum Trader Legit or a Scam?

Is Ethereum Trader Easy to Use?

How Quickly Can I Make Money On Ethereum Trader?

How Many Trades Can I Do Daily with Ethereum Trader?

What Are Bitcoin Robots?

About James Diko PRO INVESTOR

James Diko is a content writer and also a Crypto enthusiast with years of experience as an investor/trader in the crypto market. James believes Cryptocurrency is the future of the Fintech industry, and it is his passion to enlighten people about it. As a result, James has written articles on many aspects of the Cryptoverse through thorough research and analysis, reviewing different trading platforms including crypto trading, forex, and stock trading. Now, James writes honest reviews about trading platforms and automated trading tools to guide inexperienced traders and help intending users make good choices.