Cryptocurrency is a young booming trading industry capable of giving massive gains to traders, which has attracted an influx of attention and resources. It is prone to volatility which can either be suitable for your investment or harm your portfolio. The way people trade these days to make a profit from the market is using crypto trading bots. The more features a bot has, the more answers the bot has to the changing situation of the market, and it can accommodate as many people as possible with different experiences.
However, this has created a way for bad characters to scam people too. Today we review the Trality app, a crypto trading automation software used to create more bots. We will see if the app is a scam and how the features help or harm your investment. Read on to find out more about the Trality app.
Trality App at a Glance
| Type | Automated Robot |
| Minimum Deposit | Not Specified |
| Withdrawal Duration | Not stated |
| Win Rate | Not specified |
| Mobile App | No |
| Supported Cryptocurrencies | BTC, ETH, BNB, ADA, DOGE |
Trality Review: What is Trality?
Trality claims to be an automation software that helps traders create trading bots and acts as a space for traders to interact with each other. This app doesn’t work for every user as prior knowledge is required for making your bot. The platform states that it has two models for building a bot, the coder’s mode, and the rule builder. Users need to have either coding experience or technical abilities to be able to use these models. The platform claims that it allows users to create automated scripts by putting together pre-set algorithms, but users tell a different story. The app’s features as said by the creators help reduce professional and individual inequalities in the industry. However, it has been reported some of the features do not function as they are supposed to.
Trality: Legit or a Scam?
Trality, founded in 2018, has claimed that users can create their bots and connect to exchanges to help traders maximise their earning. However, new users have reported up to 80% loss while using this platform’s services. The bot created by this service is not recorded to be profitable or help users get better at trading.
The platform works on a subscription-based system without providing adequate help to users in creating the bots. Once the fees are paid, the users are on their own. It has a different pricing model, all with limited access to the features offered by the platform. Users have reported losing money while using this platform’s services.
It also claims to connect users, which the platform charges for, and the users connected to may not be of help. The customer care of the app can only be contacted by email, but no address is given. A security breach on the platform has also been reported, with users’ data getting hacked on the forum. All these points to the platform being a scam, and we recommend users be cautious if they want to use this app.
Quality Features
Customer care
The app claims that it has provided all the help users will need when accessing the platform, from the help desk to customer care. However, the help desk doesn’t offer solutions relating to creating a robot or how to use the bot to trade. The customer care that should be available 24/7 can only be contacted and there has been a report of users not getting a reply for weeks after the complaint has been lodged.
User experience
The platform claims to use algorithms that should make tasks more straightforward to be carried out on the platform. However, the algorithms respond slowly to commands making the platform glitch and frustrating to users. The platform claims that the app is for both experienced and new traders, whereas without prior coding or technical knowledge, users cannot use the app.
Profitability
With automation, any trader’s profitability should increase whilst reducing the time the trader commits to the platform. Triality offers traders automation, but users still have to understand and analyse the market to make any trade. Users have not recorded any profitability using the platform to trade, and it does not reduce the workload users have to do even with the automatic robot provided.
Security
The security of the app is nothing to write home about. There is no encryption software in place, and hackers can easily steal your funds and data. The Trality platform claims it can connect to multiple exchange accounts without allowing withdrawal requests to be sent from the platform. However, funds can easily be stolen from your exchange accounts through this platform. Do not input any of your sensitive information on this app.
Demo trading
This is a way for users to get familiar with the platform and test how trading will be carried out. There has been a report that the platform charges money to use the demo feature on their app, and the data gotten from the demo is not helpful to the users when trading occurs.
Marketplace
The app stated that traders could connect on the platform and talk out ideas. Aside from the platform also charging for this feature, the trader you may be paired with may not offer any substantial help to you. Also, the trader may not provide the correct information, which can lead to loss while trading.
How to Create a Trality Account
Step 1: Registration
Getting an account on Trality is easy. To register, go to the official platform website and fill the registration form. Users are required to provide their emails and use a strong password. After the form has been submitted, a verification email is sent to the user, which helps verify the account, and users can log in to their account to start using the service.
Step 2: Deposit Funds
The platform works on a subscription basis model rather than one time deposit. The app has a four-plan system using chess pieces names. The plans are pawn, rook, knight, and queen. The programs cost more than each other and have more features based on the plan chosen. The platform uses this as one of the means for earning profits from users.
Step 3: Demo trading
Demo trading is a way that crypto bots help users get familiar with the platform and help them test out different trading strategies they will try out on the app. The demo feature is a simulation of how the live trading platform will look like and uses historical data to allow users to test their processes. Trality offers a demo feature for users, but this is not the actual simulation of the live trading. The historical data used on this platform is reportedly gotten from scam artists used to manipulate traders.
Step 4: Live Trading
Users can trade on this platform once they are confident that they are familiar with the platform. Live trading involves activating the bot and using the strategies obtained from using the demo. Users have reported a lot of loss as the information acquired from the demo is inaccurate and doesn’t help improve the earning potentials of the users.
Trality – Why Not To Choose This Bitcoin Robot?
Ease of use
Trality app is not easy to use for both new and experienced traders. Aside from the fact that traders have to possess prior knowledge, the user interface is cramped, and there are a lot of complex terminologies used to convey information. Many users have reported being confused about what to do or how to do it on this app.
Reputation
Trality seems to have gained a reputation online for being hard to use, and it doesn’t guarantee profits. Having been in operations for over three years now, the platform does not have a good reputation among users. Users have claimed not to have made profits from trading on this platform.
Backtesting
This is one of the unique features the app offers to users as they create their bots. Backtesting is testing trading strategies against historical data and manipulating it to make a profit from the market. The platform does offer to backtest, but the historical data used by the robot is of unknown backgrounds, and strategies are not easy to change on this platform.
Withdrawal
Most crypto bots process withdrawal requests within 48 hours after the request was submitted. Trality doesn’t not state when users can get their withdrawn money from the platform. There have been claims that they do not pay, and the few times they have paid, users have to wait for months before receiving their payments.
| Pros | Cons |
| Bot creations from scratch | Future trading not available |
| Always available for trading | No mobile app |
| A limited number of exchanges available | |
| No copy trading | |
| Not easy to contact customer care |
Best Alternative of Trality
Bitcoin Loophole
Bitcoin Loophole is an auto trading tool that allows users to profit by using a trading bot to predict profitable trade from the market. The platform uses algorithms to help evaluate a range of market signals, trading charts, tactics, and pattern recognition. It uses the information gotten to trade for you. Getting an account is easy, and all that is needed to deal is a deposit. Set your trading parameters and watch the bot make money for you automatically.
Which countries is Trality in?
Canada: Bitcoin robot services are now offered to Canadian traders for free through Trality. All that is required to make use of these services is creating an account and the commencement of service.
United States: Trality is a robot that is available in the United States. Traders can start by simply registering on the robot’s official website and then trade with the robot.
United Kingdom: Traders in the UK can use the Trality platform to trade Bitcoin and other cryptocurrencies. In just four simple steps, you can get started.
Germany: The Trality app is available in several countries, with Germany being one of those countries. The user interface is straightforward, making it simple to access all of the site’s functions.
Spain: Trality offers its services to investors in Spain, providing them with an easy-to-navigate user interface and a simple-to-use platform.
France: French traders are also able to take advantage of the services provided by Trality. If you want to get started right away, you can quickly register on the platform’s official website by entering the necessary information.
Turkey: People in Turkey now can sign up for a Trality account and use the robot’s features, as the site now allows them to do so.
How Much Money Can I Make Using Trality?
There is no guarantee of how much money or that you can make any money from trading on this platform. The app offers no proof of users earning money, nor are there any promises on how effective their service is in trading. DO not count on making money trading on this platform.
Why Should I Use a Bitcoin Loophole Instead of Trality?
Ease of Use
Trading in the cryptocurrency markets is made simple using cryptocurrency trading robots, even for the most inexperienced traders. It states that Bitcoin and other digital assets transactions take only a few minutes to complete, making it relatively hassle-free. The registration and verification processes are quick and straightforward, and the demo account allows customers to practice before making real-money trades. In general, this robot’s interface is very user-friendly, with users able to control risk management settings and transactions with a single button press.
Fees
According to our investigation, the platform makes money by charging a tiny commission on the profits earned by their trades. This means that the platform’s profit when traders make profitable transactions. It’s worth noting that the $250 deposit is used as trading money rather than to cover the trading robot’s cost. For the time being, it is available to users for free.
Withdrawal Process
The simplicity with which a trading platform’s withdrawal process can be completed is a good indicator of the platform’s validity and professionalism. Profits may be…