Bitbot is a RPA bot that specializes in high-frequency cryptocurrency trading. ATS (Autonomous Trading Systems Inc) developed it as a trading strategy that aimed to profit on market inefficiencies. This bot has Machine Learning/AI technology to stay competitive and evolve with changing markets. The algorithm uses Ruby on Rails on the backend and a few Ruby/Java microservices for its trading system.
What is Bitbot?
Bitbot uses machine learning and past-paced trading for making profits in cryptocurrencies. It uses Robotic Process Automation that can be applied across multiple institutions such as hedge funds and banks. Various technologies such as Ruby, Java 8, and React were implemented for its production.
Is it easy to use Bitbot?
With its AI and machine learning integration, the bot can automate available opportunities, analyze them, and execute profitable transactions. There is no documentation or guidance on how to get started with this bot, which makes it hard for beginners to comprehend its true functionality. The vendor has not provided enough details about the installation and working of this algorithm.
Main features of Bitbot
From the information available on the platform, here are some key features of Bitbot:
It uses Robotic Process Automation (RPA) used by many hedge funds, institutional investors, and investment banks. With the automation, several exchanges are scanned in seconds.
- Algorithmic trading approach
The bot uses an algorithmic trading approach to increase profits by capitalizing on specific recurrent inefficiencies in the market.
- Neural networking
Bitbot is suitable for neural and fast-based trading.
- Reputable tech
The developer used several technologies to build this EA like Ruby, Rabbit MQ, Postgres, Java 8, Ruby on Rails, React, and Docker.
- Machine learning
Machine learning or AI tech is used for making better decisions.
We couldn’t find any additional information about the system, such as automated settings, vendor recommendations, leverage, etc.
Strengths and weaknesses of Bitbot
|Machine learning allows the bot to evolve and learn fast.||There are no backtesting records for Bitbot|
|Built upon Java 8 and Ruby||There is no information about compatible exchanges or payment methods|
|Functionality, performance, safety, and security are unknown|
Is Bitbot good?
After looking at all the details mentioned on the website, we can say that it is not a good bot. It lacks a lot of important information about Bitbot, such as performance, functionality, safety, and security.
Is Bitbot safe?
The Codelitt platform handles Bitbot, and users can reach customer service via live chat and an email given on the website. The company provides updates about its products on different social media platforms like Twitter, Instagram, Facebook.
Bitbot is developed and handled by Codelitt, a company based in Miami, USA. The team consists of 45 active team members in 12 different countries. Vincent Hendrickx is the current CEO, and Cody Littlewood is chairman of Codelitt. Vicky James is the current CDO while Kaio Magalhães is the CTO of the platform.
The company has not guaranteed any profits from the algorithm. There is no information about the safety and security subscription plans, which raises a red flag about the bot’s reputation. There are no customer reviews on trusted third-party platforms.
The vendor promises profitable returns with its high-frequency trading feature. Our evaluation of the bot, its features, functionality, and other aspects reveals several downsides. The developer does not provide much info on the crypto bot.
There are no insights present on its trading strategy. Furthermore, there are no verified track records for the system. The absence of info on the security measures and lack of user reviews add to downsides.