An Honest Hexabot Review | Too Good To Be True? SCAM or LEGIT?

Today I’m going to give an honest Hexabot review and why I believe it is one of the Bitcoin and cryptocurrency high yield investment programs to be on the lookout for going into the next year.

Now, I’ll be the first to claim I’m not a fortune teller nor your investment advisor, but I will be honest when I say I do know how to evaluate a company.

With over a decade of business and investment experience under my belt, and as a highly logical former engineer and full stack developer, I’m no sucker when it comes to looking at fundamental analysis, trends, market patterns, and financial statements.

I don’t say these things to brag, but to let you know as a reader that I did not make my decision to invest with Hexabot hastily.

The next thing you need to know is that Hexabot is NOT officially affilated with me or this website. Also, on a side note, Hexabot IS NOT a Multilevel Marketing (MLM) opportunity.

Here are Some Facts About Hexabot.top

HexBot Review: Scam or Legit?

  • Hexabot is a professional automatic system (sophisticated algorithms of artificial intelligence) designed to help the manager or private trader work at the exchange as efficiently as possible.
  • The system went public early October 2017.
  • Developed by Peter Shepard of Hexabot Crypto Trading LTD, a London, UK based registered company.
  • Detailed background about the developer is unknown but private chats with him seem to show he has extensive knowledge in programming and extreme passion for his product.
  • At the moment there are 3 working bots that trade automatically that pays up to 3.5% a day or 24.5% per week.
  • Joining Hexabot.top is 100% free and comes with a free 0.0001 BTC welcome bonus.
  • Hexabot pays hourly compounded interest.
  • Deposits may be released for withdrawal at any time for a 7% fee.
  • Ad-free bitcoin faucet to allow all members to earn free bitcoin every hour.
  • Affiliate program allows one to instantly receive 5% for referral deposits.

If you are looking for more information on Hexabot, everything related to their company, investment platform, and account creation can be found at www.hexabot.top.

Read on and I will walk you through my thoughts about the industry and riskscompany, investment platform, compensation plan, and whether it pays out or not so you can make the right decision.


Who’s Behind Hexabot?

According to Hexabot’s website…

Hexabot.top is an automatic trading bot system managed by officially registered in the United Kingdom company “HEXABOT CRYPTO TRADING LTD” with a registration number of #10991182 managed by Peter Shepherd. Our company develops automatic trading systems on the stock exchange crypto-currency.

I came away feeling surprised that the company is actually legitmate and provided a link to it’s official government business registration details, it’s business license, and the actual individual behind the company, Peter Shepard (also see his profile here).

Furthermore, upon registering for a free account, I was extremely surprised to see there was a live chat inside where users can directly chat with Peter whenever he was online.

HexBot Review: Scam or Legit? Chat with Developer

That’s usually a great first sign. With so many scammy, faceless cryptocurrency opportunities out in the wild, a transparent company with proactive customer service is really refreshing to see.

The company registration was filed on October 2, 2017.

The company’s address appear to be a an office building in a commercial district which is a good sign:

Hexabot HQ Address

This domain name was registered quite recently on September 8, 2017 and its WHOIS has Privacy Protection provided by WhoisGuard Inc. (which is based in Panama) so we do not know who is really behind the domain name. That’s a red flag.

But all all of this together, and you get an above average company as they come with faceless opportunities that promote a faceless cryptocurrency.

HexBot Review: Scam or Legit?


What are the Hexabot Products and Services?

Hexabot’s primary product and service is its automatic trading bot system that claims:

  • Professional automated system
  • Complex algorithms of artificial intelligence
  • You have total control over your funds

More specifically the trading bot has three modes, each with different timeframes and returns on investment (ROI) which may change based on market conditions and the performance of the bot. These will be described in detail in the next section.

Second, Hexabot offers daily compounded interest on your deposits up to 100% (it used to be 75%, but on 11/9/2017 Hexabot increasead it). Compounding is the process when the value of deposit increases because of the earnings reinvested rather than being paid out.

Lastly, Hexabot also offers an ad-free, Bitcoin faucet that pays 50 to 200 satoshis every hour and every 10 claims will increase the bonus by 1 satoshi. It’s Google reCAPTCHA often does not require you to click on any images so it’s super fast to earn. Despite not being much, this is one of the few ad-free faucets available out in the wild with an exponential increase feature that rewards consistent, hourly users.

HexBot Review: Scam or Legit? Ad-Free Bitcoin Faucet

In summary, Hexabot consists of three simple products and services:

  • Automatic Trading: 1, 3, 7-days automatic trading bot
  • Compounding Interest: You are paid interest for your deposits daily.
  • Hourly Ad-Free Faucet: Earn small amounts of Bitcoin hourly for free.

How does Hexabot Work and What is the Compensation Plan?

Using Hexabot, you do not need to worry about trading on the coin exchange. The system will do everything for you through a choice of three automatic bots. Each bot has its own trading strategy and the percentage of potential income is different.

HexBot Review: Scam or Legit? How It Works

Automatic Trading Bot Modes:
  1. Scalp Trading Bot (Pays Daily): 2.0-2.3%*
  2. Technical Trading Bot (Pays Every 3 Days): 7.1-8.2%*
  3. Swing Trading Bot (Pays Every 7 Days): 22.1-24.1% ROI*

* ROI’s advertised at the time of writing of this article.

HexBot Review: Scam or Legit? Trading Bots

Once the bot mode is selected, you are restricted from changing to a different bot for a duration of time. Profit is being calculated on certain days depending on the bot you select.

For example, if you chose the Swing Trading bot today and it’s profit is being calculated tomorrow, it means that you won’t get the whole percentage but you get accrued interest from the date of choosing the bot. If profit should be 23% but you are using it for 1 day, it will be calculated as follows: 1/7*23 = 3.29% instead 23%. If it’s been on for 7 days or more, you will get 100% from the profit. The same rules apply for the Technical Trading bot but its duration will be 3 days instead of 7 days.

Second, Hexabot offers daily, compounded interest from 0 to 100% on your deposits. You can use this feature to automatically reinvest your earnings in order to increase your investment and earn more. Compounding is a great way to increase your initial capital and grow it with time.

HexBot Review: Scam or Legit? Compounding Example

How and When Can I Withdraw My Money?

Hexabot charges a 7.00% fee for deposit releases. This is very good and makes Hexabot a lot more legitimate as without this fee, multiple accounts coordinating together can game the system and cause instability for the entire investment community.

Once deposits are released, they may be reinvested or withdrawn at any time which makes your investment much lower risk and highly flexible.

The crypto markets can be volatile and good or bad news can significantly swing the markets. As a result, it’s important to be able to move your money in and out of investments whenever you want to lower the risks.

Unlike many other “investments” or “loan programs,” Hexabot won’t lock your money away for many months or trade it for valueless funny money invented by the company.

Hexabot charges a 0.0001 BTC or 0.001 LTC fee for withdrawals of all amounts.

Also, Hexbot implemented a strict rule to ban users that register multiple accounts:

Note: Creating multiple accounts is strictly forbidden on Hexabot! Members creating multiple accounts which are referred to each other will be permanently removed from the system.

Having rules to punish those that create multiple accounts and try to game the system is a good sign. This shows that Hexabot wants to create a healthy, legitimate investment program fair for everyone.

So in summary, here are the steps to start making money with Hexatop’s automatic trading bots:

  1. Deposit your funds into your Wallet: Only Bitcoin and Litecoin are accepted. 0.005 BTC and 0.3 LTC are the minimum deposits.
  2. Select your desire bot trading mode: You can only select one mode at any given time for your desired trading strategy. Once selected, you cannot change the mode for 1, 3, or 7 days.
  3. Reinvest or Withdraw Your Earnings: Earnings may be reinvested or withdrawn at any time. 0.005 BTC and 0.3 LTC are the minimum withdrawals. If you choose to withdraw your earnings, the withdraw fee is 7.00% and you can create a withdraw request at any time.
  4. Optional: Earn free bitcoin hourly at the faucet by clicking on the Google reCAPTCHA.

What are the Costs of Joining Hexabot?

Joining Hexabot is 100% free and technically you can already start making pennies and dollars with it’s bitcoin hourly faucet.

In fact, Hexabot will currently pay all new users that join a welcome bonus of 0.0001 BTC.

However, to make real money, you have to deposit a minimum of 0.005 BTC or 0.3 LTC. At the time of writing this article, that’s about $29 USD and $16 USD, respectively. The bots will use your deposit to make money with their trading algorithms. This is considered a fairly small amount and is not high risk.

There are no maximum limits to the amount you wish to deposit. Deposits will be credited after just one network confirmation by the Bitcoin and Litecoin’s networks.

The minimum amount for withdrawal is 0.001 BTC and 0.03 LTC. There is no maximum limit on how much you can withdraw. You can withdraw released deposits anytime. and withdrawals are processed instantly. As a result, get paid immediately after creating your withdrawal query.


Does Hexabot Pay as It Promises?

Yes. Hexabot actually pays out. See the detailed proof of my first pay day. The return on investment was actually higher than what I expected – close to 30% during the course of a 7-day period using the Swing Trade bot.


So Is There Really a Scam Going On?

After reading this review, you might still be asking yourself if it is really legit. If I am being perfectly honest, Hexabot isn’t entirely a scam.

However, there are some things you need to watch out for.

Hexabot is one of the latest High Yield Investment Program (HYIP) opportunities backed by their supposedly proprietary automatic trading bot system that claims to have “zero losses last year”.

HYIP’s are part of the Wild, Wild West in the world of cryptocurrency and are full of scams, Ponzi Schemes, and faceless companies. Therefore, investing in any HYIP is high risk (and high return). What you are essentially gambling on is how long the train will last until the opportunity turns out to be a scam or Ponzi and it implodes.

HYIP’s often incorporate in countries with lax fraud laws to secure immunity from investor laws in other countries and host their website with “privacy protection” so they remain anonymous and not liable for damages.

I am not saying Hexabot is a Ponzi or scam – at least it’s too early to tell right now. But a wise investor would take precautions assuming the worse case scenario.


How Can I Double or Triple My Money With the Lowest Risk?

If you are a risk taker, my general strategy for investing in HYIPs like Hexabot is:

  • Get in ASAP – the earlier the better. You will have more runway for your funds to take off.
  • On the upside, you can easily double or triple your money within a short period of time.
  • You can make even more if you participate in their affiliate programs, but this is not required. You can still make very good profits based on your investment.
  • On the downside, you can lose everything if the HYIP turns out to be a scam or Ponzi and the developers take everyone’s funds and run. So make sure you withdraw out your initial investment while you can so at least you break even.
  • HYIP’s are usually not sustainable over the long-term so it is NOT a viable long-term investment.
  • Even elaborate HYIP’s scams usually can last at least 6 months. Make sure you are one of the winners during this timeframe with a plan to at least break even as your worse case scenario.
  • If you don’t have a stomach for losing your investment, NO INVESTMENT opprtunity is for you because all opportunities have risk. The bigger the risks, the bigger the returns. That is LIFE.
  • DO NOT EVER PUT IN MORE THAN WHAT YOU CAN AFFORD TO LOSE.

Since I am not a fortune teller or your investment advisor, I cannot predict the future of Hexabot or tell you what to do with your money, but here’s what I do know as FACTS:

  • Hexabot DOES PAY what it promises right now. I am on track to doubling my initial investment.
  • Hexabot DOES RELEASE your funds and allows you to WITHDRAW ANYTIME unlike many other HYIPs that forces you to be locked in for 6 week periods or longer.
  • Hexabot does not involve funny money by inventing their own currency, credits, or tokens. You deal with some of the best coins available – BTC, LTC, and DASH.
  • Hexabot’s parent company is registered in UK, not some third world country.
  • Hexabot is doing a VERY good job to being somewhat transparent and communicating with the users in a live chat in the backend. Bonus points for giving us a direct line to the developer.
  • Hexabot is actively engaged in growing its investors and brand by running promotions such as the recent Ledger Nano-S giveaway.
  • Hexabot has been paying out to all its investors without fail as promised. There have been no known, legitimate complaints so far.

In my opinion, if you are a risk taker open to HYIPs, now is the ideal time to join Hexabot.top to guarantee you have the longest runway to build your funds. If you are not a risk taker, or not willing to risk a small amount of funds, no worries, there are other ways to make income with cryptocurrency.

In conclusion, I really hope you have gained value from my honest, Hexabot Review. If you have any other questions that have not been anwered yet about Hexabot, feel free to drop me a message via my contact form.

If you really do decide to join Hexabot, I want you to succeed with your investment

Stay awesome and I wish you have a prosperous remainder of the year!

Hexabot Review - Legit or Scam?

 

 

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