Review of RevenueBot - a bot for trading on crypto exchanges

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RevenueBot is a service for creating bots for trading cryptocurrencies. It has been operating since 2018 and has a large audience of clients in the CIS regions and beyond. Unlike similar services, RevenueBot does not take funds into trust management, does not give trade signals – you are only responsible for your funds.

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What is RevenueBot?

RevenueBot is a software that was created for automatic trading on the crypto market. Trading occurs through the API interface, by connecting to accessible crypto exchanges. We immediately mark, the API key is created on the exchange itself and allows to trade your account using special terminals, bots, interfaces and others. At the same time, through API keys cannot replenish or withdraw the account funds, they are created exclusively for trading, therefore there is no cause for concern.

RevenueBot is used to trade cryptocurrencies that we know have the highest volatility of all existing assets. The use of a bot will minimize the probability of possible losses due to the automated and smooth working process. RevenueBot is a service that provides the possibility to create trading bots, and how they will work depends on the client. That is, each customer customizes the bot according to its deposit, preferred profit, trading strategy and maximum losses. In addition, you can run multiple bots simultaneously, with different trading strategies, the service interface provides this feature.

 

Commissions

There are no subscription fees or commissions for making transactions. The use of the bot is completely free and the commission of the service will be charged only after the first profit. The service commission is 20% from the profit but does not exceed 50 USD (in BTC equivalent) per month, for each type of trade: SPOT, Futures USDT-M, Futures Coin-M. As soon as the commission reaches $50 USD, the debits stop until the first day of the next month.

One thing to consider is that a bot trades a balance sheet that is on the stock exchange but does not have access to it, that is to say, it cannot write off a commission from an exchange account. On RevenueBot each client has a different balance sheet, which will become negative after first profit. Next, the client has three days to replenish the balance and continue working. No restrictions on trade are imposed in the allotted time, but once the deadline has expired and the required amount has not been paid, the trade will be suspended.

 

Features of the RevenueBot platform

  • Simulation of Bot Operation (backtest). In order to find the optimum configuration we made a simulation mode of the bot operation so that we could see how the bot traded in the last 60 days for any of the trading pairs.
  • Quick start. It is useful for users who are just beginning to get acquainted with our service. In every step you are given clues and recommendations.
  • Automatic switching of trading pairs. When one trading pair is not volatile and the bot is idle, you can configure this function. The bot will automatically switch to another trading pair and your deposit will not stand idle.
  • Trading templates. To simplify the creation of the bot, we have created templates for trading modes, so that users who are just getting acquainted with our platform can not go into the fine-tuning of the bot right away.
  • Automatic flipping of bot algorithms. When connecting this function, the bot itself will take the correct position based on the market situation – long or short.
  • Use of TradingView signals. You can use TradingView signals as a starting condition of the bot. Namely, before starting each new cycle, the bot will wait for a signal from the platform TradingView.
  • Expert user consultation (mentoring). Choose a mentor, buy a mentor service and get individual help from an experienced user of our platform.

 

Who is suitable for RevenueBot?

For beginners the service provides the following possibilities:

  • Quick start. Creating a bot with the help of tips from the service. In this mode you do not need to configure a lot of parameters, they are set by default.
  • You can find a mentor who can help with both trade and bot configuration.
  • If you doubt your competence to configure a bot, you can always go to the marketplace and buy a ready-made one.

 

And what can the service offer for experienced traders? Let’s see:

  • If you are well versed in the trade process and know how to configure your bot correctly, the service offers special settings that will help you make your trade even more profitable.
  • Using RevenueBot you can trade indefinite futures for cryptocurrency.
  • You can become a mentor to less knowledgeable clients and be rewarded for it.
  • If your bot is really profitable, you can put it on the market and get extra income.
  • The referral program provides an additional opportunity for earning money.

 

Referral Program

The service has a referral program which works on the following principle:

  1. The client creates the appropriate advertising format by which to attract referrals. To create an ad, select the top menu and click on “Referral Program”. Next you will be offered variants of advertising: banner or link.
  2. If a new customer registers using your referral link, they will automatically become your referral.
  3. Next, you will receive 30% of the referral’s profitable trades, but no more than 15 USD per month.
  4. The funds received can either be withdrawn or used to pay for their bots.
  5. Payments are made only in BTC.

 

Conclusion

RevenueBot is a good option for passive earnings. The interface of the service is simple and easy to understand. You can earn money both by trading and by attracting new clients for service. If you are an experienced trader, you can sell configurations of your bots and give advice to beginners in this sphere. And you’ll only be paying the commission from the moment you start profiting with the help of a bot. Conditions are as transparent as possible for clients. Besides, there are practically no bad reviews about RevenueBOT on the network, therefore I highly recommend to familiarize with the services of this service.

 

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