TeslaCoin Review UK 2022 – Is TeslaCoin a Scam?
Trading cryptocurrencies can be profitable, but very few traders know how it works. Crypto robots like TeslaCoin were created to solve this problem.
In this TeslaCoin review, we examine how this robot works, what makes it tick and the risks to consider.
|Supported Digital Currencies||BTC, ETH, ADA, XRP|
|Mobile App Available||No|
|Claimed Win Rate||Unspecified|
|Fees to Join||None|
What is TeslaCoin?
The crypto market has seen exponential growth in the past year. Starting at a little above $100 billion at the beginning of 2021, the nascent industry surged to an all-time high (ATH) of $2.92 trillion in recorded value showing a strong adoption of these blockchain-based assets.
Although Bitcoin remains the flag-bearer for the crypto market, there are thousands of other top-performing crypto projects in the market.
There are over 16,000 crypto projects per data from the popular crypto aggregator website Coinmarketcap. However, cryptocurrencies are high-risk, and volatile meaning investors can easily lose money as they make them.
This particular challenge led to the creation of fiat-backed stablecoins, which are meant to provide stability. Investors have continued to explore several means to make as many returns from the burgeoning industry without losing so much of their invested capital. This led to the development of crypto trading robots like the TeslaCoin robot.
Built with sophisticated programs and technologies like artificial intelligence (AI) and natural language processing (NLP) systems, TeslaCoin robot can scan and gather relevant market data to identify profitable positions. This way, investors can trade without minimal risks while increasing their potential payouts.
TeslaCoin robot’s reliance on sophisticated computer algorithms makes the protocol run autonomously with little human interference. This way, the TeslaCoin robot is ideal for inexperienced crypto traders and more advanced traders.
Given the emotional aspect involved in trading, TeslaCoin can set trading limits like buy and sell orders, set stop loss, and take profit without bias.
As per the success rate, crypto trading robots are known to be highly successful than the average human trader. This is because of the more advanced processing output they possess. TeslaCoin robot can execute trading orders after researching a digital asset’s technical and fundamental data and gain a broader picture of how the market behaves.
On its website, this TeslaCoin review could not determine the exact winning rate of the TeslaCoin robot, but this may likely surpass the average human trader due to the use of sophisticated software.
To unlock the free software for the TeslaCoin robot, interested users have to fork out a minimum deposit of $250 (about 184.14 GBP). The platform accepts payment through a bank wire transfer, credit/debit cards like Visa, MasterCard, Maestro and several others. As per fees, the TeslaCoin robot does not charge extra fees aside from the regular bank transfer from your local bank.
While several crypto trading robots offer multi-crypto trading support, the TeslaCoin robot offers pristine trading and investing experience for only the TeslaCoin token popularly known as TES.
You can access the TeslaCoin platform through your mobile phone, desktop and tablet. The platform also maintains mobile crypto apps for both Android and iOS devices. We could not determine the withdrawal time in our TeslaCoin review, but most crypto bots offer 24-hour withdrawal windows, and we expect this to also apply to TeslaCoin robots.
Is TeslaCoin Legit?
Scam crypto projects are rife, and several investors without the proper knowledge continue to lose their hard-earned cash by the day to these bogus projects. Despite these drawbacks, there are still several projects that are legitimate. Is TeslaCoin legit, you might ask?
We can say the platform checks out some of the expected boxes. The low entry barrier of only $250 makes it highly improbable that a scam project would aim so low in defrauding investors of their hard-earned capital.
One quirk with using this platform is the absence of a mobile app on both Android and iOS devices, which makes day trading harder. However, we also recommend doing due diligence before committing funds and trying out the demo account to verify their promises. Another thing to note is that you shouldn’t exceed the stipulated minimum deposit and withdraw whatever profit you make with this trading robot.
How Does TeslaCoin Work?
TeslaCoin operates like several crypto trading robots. All you need to do is make a deposit in your newly opened account, let the trading robot run and set your risk levels. The TeslaCoin robot will identify profitable trading positions and execute the trade.
How to Sign Up on TeslaCoin
Our TeslaCoin review has shown that you can get started on the TeslaCoin website in as little as 5 minutes. All you need to do is follow these detailed steps religiously;
1. Register an Account
Head over to the TeslaCoin website, and you will be presented with a streamlined and short sign-up form. You need to provide your first and last name and your mobile number. Click on the ‘Register Now’ button to proceed to the next step. You will be sent a verification code to your phone number. Do well to insert this into the verification page to link your phone number to your account.
2. Try Demo Trading
You can start with the demo account the TeslaCoin team provides to learn the ropes around cryptocurrencies, especially if you are a newbie and want to learn how to use the TeslaCoin robot platform. Also, remember to set the risk ratio to an acceptable position to internalize the process before going live.
3. Deposit Funds
Now that you know how to use the TeslaCoin platform, you can deposit the required amount to get started. TeslaCoin understands the difficulty inherent in buying cryptocurrencies, so you will get bank wire transfers and credit/debit cards as deposit options.
The platform also supports cards like Visa, MasterCard and Maestro. To fund your account, click on the ‘Deposit’ button and insert the minimum deposit or more as you intend. Select a payment method and click on ‘Deposit Now’ to conclude the process. This should take roughly a few seconds to complete.
4. Go Live
Once your account is funded, you can now trade the TeslaCoin asset. Click on the ‘Buy’ button and insert how much TES token you intend to buy. With advanced trading features like real-time prices, you can select the current price or insert your buying price into the order page and click on ‘Buy TES’ to start trading.
Benefits of TeslaCoin: What Makes This Robot Unique
Crypto trading robots are now rampant, making it difficult to separate the best from the rest. In our TeslaCoin review, we have been able to identify several unique benefits of using the TeslaCoin robot:
1. Setup Is Super Easy
Using a regular crypto trading platform can be tasking for some investors due to the countless amount of information you have to fill in. TeslaCoin robot streamlines the user onboarding process by requiring you only to supply your full names and mobile number. This cuts down on the time users spend setting up their accounts.
2. Zero Hidden Fees or Commissions
Everything about the TeslaCoin robot is plain for all users to see. Aside from the minimum deposit, TeslaCoin does not charge any other fees from the user, apart from the bank transfer fee your local bank may deduct from your account. The $250 charged by the platform covers all your needed trading fees and commissions, making the bot an ideal one for several retail investors.
3. Easy To Use
According to our TeslaCoin review, beginner-friendliness is a strong suit for the TeslaCoin robot. Users can easily complete buy and sell orders without requiring support from the company. However, users can still reach out to the team in the event of a challenge.
4. Ideal For Both Trader Types
While some trading robots may be beginner-centered or an advanced trader’s choice, TeslaCoin robot meets both needs in the middle. Relying on AI, TeslaCoin robot is autonomous, making it easy for inexperienced users to enable a hands-off approach in their trading experience. Apart from this, advanced traders can switch to manual mode to monitor their trading sessions more closely.
Responsible Trading With TeslaCoin
If you are familiar with the crypto market, you would have encountered the recurring narrative around volatility. Given the risks associated with crypto trading, we have compiled a few tips you could find helpful when trading TeslaCoin.
1. Do Due Diligence
There are several crypto assets in the market, and with the hype around them, you may think that every asset is a gem. However, several projects do not meet the bar for investment purposes, and you need to learn this.
This is where research comes in before investing. Ensure you properly understand the project’s mission and vision and, most importantly, its value proposition. What problem is it trying to solve? Another thing to look out for are those backing the project. Are they top-tiered venture capital (VC) and renowned crypto investment firms? Also, a project’s adoption and price-performance over time are aspects you should watch.
2. Always Start with Little
It can be tempting to invest heavily into one particular project, but it is advisable to refrain from such an investment strategy. Remember the game’s name is diversification, and we recommend starting with the barest minimum stipulated by the platform. This would go a long way in retaining your sanity in the event of a market downturn.
3. Don’t FOMO
Don’t get caught up by the fear of missing out (FOMO). Only invest in a project when you have conducted the needed research. Don’t let your friends and family push you into a project. There is a huge chance it may not turn out as planned, making you lose all your money and your sleep.
Why Trade With Bitcoin Robots
These are a few pros and cons of trading with a crypto or Bitcoin robot.
- Higher trade winning rate
- Easy-to-use platforms
- Autonomous and ideal for beginner investors
- Industry is still unregulated
- Core teams are mostly unknown
Celebrities Endorsed By TeslaCoin
TeslaCoin Elon Musk
Elon Musk is a popular figure around the crypto market and is a backer of Dogecoin. The Tesla boss is known for his pro-crypto stance and love for several meme coins. However, we could not verify in this TeslaCoin review if Elon Musk is solidly behind the project.
TeslaCoin Mark Cuban
Mark Cuban is another pro-crypto billionaire. The owner of the Dallas Mavericks has sizable investments in many top-performing crypto projects. Our TeslaCoin review could not verify that Cuban knows about the TES cryptocurrency.
TeslaCoin Keanu Reeves
Hollywood actor Keanu Reeves has been tied to some crypto projects, but our TeslaCoin review could not ascertain the Matrix legend’s ties to the project.
Coinbase is a top crypto exchange and boasts over 200 top-performing projects listed. From our
TeslaCoin review, we could not identify the TES cryptocurrency on the platform.
Cryptocurrencies are a popular discussion in social media platform Reddit. Despite claims that TeslaCoin has featured in a number of TV shows, our TeslaCoin review could not verify these claims.
TeslaCoin is a top-performing platform that allows newbie traders to buy and sell their favourite cryptos using robots. The crypto robot supports several digital assets including Bitcoin, XRP, Cardano and Binance Coin. The robot comes with a mobile app, deposit and withdrawal setup is a breeze.
Your capital is at risk. Always perform your own research and never invest more than you can realistically afford to lose.