1. How many trades has been done? Any losing trades?
About 80 trades according to my btc-e.com account from about 5 days of trading since 23 August 2013. There will definitely be some losing trades because the robot is not perfect.
The number of trades per day varies according to the amount of volatility that is happening in the market on that day.
2. How easy it is to withdraw bitcoin in USD from btc-e account?
It is very easy. You have to sell your bitcoins first in USD at the exchange before withdrawing it. Then, you can withdraw the money to your Paypal account from the exchange. That is what I am going to do after I have made enough money.
3. When you want to withdraw your profits made by the BTC Robot in USD if you deposited by USD instead of bitcoins, is the withdrawal procedure different than that if you deposited by Bitcoins?
You can withdraw them to your Paypal account directly. I am using Paypal because it is easier.
4. Is BTC Robot really a scam?
The robot is definitely not a scam. I have used it and it is making me money. People who say that it is a scam are not even using it so how can you believe what they say?
Anyway, if you are interested to know my results, you can visit here: http://bitcoinworldwide.
5. Is there a Practice Account for BTC Robot?
There is no practice account with this robot. You will have to buy it in order to play with it.
Besides buying it, you will be required to top up some money into your BTC exchange account to get started. The amount is dependent on you. You can start with US$10 or US$100. Instructions on how to top up will be provided in the Fast Start Guide.
Most importantly, the robot comes with a 60 days money guarantee so there is no harm in giving it a test drive.
6. How to deposit money into BTC-e?
Depositing money into BTC-e can be done in various ways. However, I found the easiest way to be via credit cards. Click here to find out how to do it.
7. How to get the API and Secret Keys for my BTC Robot?
When you log in to your BTC-e account, click on Finances (can be found at the top right hand corner of the webpage). Then click on API Keys (found on the left panel). After you click on API Keys, you will be required to type in a name for your key and click on“Create Key”. There you have it. Your API and Secret Keys.
8. When do I need to re-install my BTC Robot?
1. When you top up your btc-e account with new funds.
(Note: This can be done by switching OFF your robot and turning it ON now. Hence, there is no need to inform the support team when you top up your account again. :))
2. When you notice a lack of activity or zero activity for a prolonged period of time after verifying with your btc-e account under the Trade History.
Note: This only applies to Medium Risk setting.
3. When you withdraw funds from your btc-e account.
9. How to re-install my BTC Robot?
Send an email to the support team with the subject line “Re-installation of BTC Robot“.
For Gold and Silver Plan users, use email@example.com.
For Platinum Plan users, use firstname.lastname@example.org for personalized support.
10. I would like to buy BTC Robot but I am having trouble with my credit cards, what should I do?
Use bitcoins to buy the robot if you have them. Otherwise, you can register for a btc-e account. Then top up your account with USD to buy bitcoins to complete the transaction. Here are the steps: http://bitcoinworldwide.net/how-to-deposit-money-into-btc-e
Here is the payment processing part for the purchase of the robot through bitcoins: http://bitcoinworldwide.net/btc-robot-update-1-1-released-and-bitcoin-payment-accepted-now
11. Which mode setting should I use for my robot?
Please use Aggressive mode because I have confirmed it with my personal experience and verified it with the BTC Robot development team that it is the one that delivers the best results.
12. I have 2 robots. Can I use the same btc-e account for both robots?
Based on the support team’s recommendations, you can only use one btc-e account for one robot. If you have 2 robots, you will need to create another btc-e account for it. Otherwise, your profit margin may not be accurate and it will go haywire.
13. Where can I buy bitcoins?
I have listed a number of potential places that you can get your bitcoins from based on which country you are living in according to people who are using btc robot.
P:S – Feel free to contribute to the list because it is impossible for me to know of every place that you can get bitcoins from by adding a comment in the section below.
1. coinjar.com (2% commission fee)
1. https://www.fybsg.com/ (0% deposit fee) (0.6% transaction fee) ($1 withdrawal fee)
Highly recommended for its efficiency because I have personally used it. In fact, my account got verified within 30 minutes of uploading the personal documents.
Accepts internet banking from DBS and UOB. Anonymous deposit is also available. I have used it to top up SGD$2000 yesterday and I received my funds in my account within 24 hours. Great service.
Other Potential Places
14. What happened to my account? Did someone steal my bitcoins?
This is an issue that I encountered while checking my friend’s btc robot account today.
Upon clearer examination after logging in to his btc-e account, thankfully, the money is still there.
Update: I have checked with the btc robot support team and Anna told me that it is an API Key error and they are fixing it.
Therefore, there is no cause for concern here. 🙂 If you encounter the same issue as me, please log in to your btc-e account to check whether the money is still there before panicking like me. 🙂
15. Why does my robot turns OFF?
That is normal and not a bug. When they do maintenance of the servers or apply the upgrades, they automatically turn all robots Off for a short period of time to perform those updates without messing up with the trading.
Once the updates are finished, they will turn the robots automatically on for you. There is no need to babysit the robot or worry about it’s status, the robot will be turned ON once the updates are applied.
16. What if I have draw-down on the chart?
As you know that the Bitcoin price is very volatile, during the periods when the price of Bitcoin goes down from $1200 to $600 in a matter of hours, it is obvious that you might experience some draw-downs, which is a normal part of the trading.
Remember there is no crystal ball, but the robot is very effective in controlling and protecting the bankroll. During the last fall of BTC price, it reduced the draw-down by 33% compared to “buy and hold” strategy. Even if you experience the temporary draw-down, let the robot trade and it will generate good profits for you in the long run. Just let it work!
Got any questions on your mind that you need an answer for? Feel free to contact me. I will try my best to reply you in the next 24 to 72 hours. It will normally be faster than that. 🙂
Last Updated 11 Dec 2013