The advent of crypto led to the explosion of several trading sites. They allow users to leverage the crypto boom and earn from finding the best trades using automated robots that follow the market. This is why several traders are asking if the newly launched Tesler crypto trading site is a scam or legit. Fortunately, we came at the right time with this Tesler review for 2023. We will dissect this cryptocurrency trading platform and explain Tesler’s features, pros and cons, how to join, and more.
|Type||Automated cryptocurrency trading robot|
|Withdrawal Duration||24 hours|
|Supported Cryptocurrencies||ETH, XRP, LTC, BTC|
What is Tesler Trading?
Tesler is the latest player in crypto trading. It is an automated trading platform for crypto professionals and enthusiasts to trade profitably. The trading bot executes trades on traders’ behalf and enables users to work their way through the crypto market and effortlessly make money from engaging in the best trades. Users can run multiple transactions, making it convenient to assess market risks and reduce losses.
Tesler uses the most advanced robots to analyze the market, reducing the likelihood of losses. One of the reasons traders lose money in the crypto market is their inability to analyze the market and run the best trades. Therefore, the emergence of an automated trading platform like Tesler couldn’t have come at a better time, especially now that there are limited genuine auto-trading crypto platforms.
The platform’s advanced AI is smart and can conveniently assess market situations and volatility and decide which is the best trade. Typically, it takes a crypto trader time to manually monitor and understand the crypto market based on signals and charts. With Tesler’s robots, the market is understood in no time. The robots can analyze the price movement of assets and predict profitable trades, which they automatically place afterward.
The good thing about this trading site is that you don’t need to be a professional trader; it works for everyone, so you don’t need to stress yourself studying market situations. According to Tesler, return on investment is certain since the robots trade on your behalf, but the profitability level varies. However, you should still be aware that trading is risky and that you could run into losses. The platform supports trading some of the top cryptocurrencies like BTC, ETH, Ripple, and LTC.
Tesler was founded in 2015 by Steven Abrahams, an expert crypto and binary options trader. The auto-trading platform is available in 150 countries, meaning users in some countries where it isn’t available won’t be able to use Tesler.
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How Tesler Trading Works
All crypto auto-trading applications rely on algorithms to get the best trades (Tesler inclusive.) However, what separates Tesler from other trading sites is its advanced AI algorithm. It is sophisticatedly designed to allow users to access the best trades and get the best trading opportunities. The AI generates signals that make it convenient for the traders to know the kind of trades they will be placing. It calibrates trades according to the market and helps users to gain real-time insights that could influence trading decisions.
The algorithm spots price patterns and sends users notifications. Given that it’s robotic trading, this crypto site opens trades on its own using users’ funds to take a position with the signal. The robot reacts to any price change and closes positions when a stop loss or take profit level is reached. After registering, you must set up your account to get the best out of this robotic trading. By setting up, we mean adjusting the stop loss and taking the profit level and other useful indicators.
It’s best to monitor the trades with the information provided by the robot and instruct the robot to place trades for higher profits. If you don’t want to get involved with the market, you can leave everything to the robot, and you’d still be making some profit.
All transaction profits are transferred to the traders’ accounts. Users can decide to withdraw their funds or use them for trading again. Withdrawal takes a maximum of 24 hours. As a first-time trader on the platform, we recommend removing your money to test the withdrawal process. You can trade subsequently and decide not to withdraw after some time.
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Features of Tesler
No Crypto Experience Required
The beauty of trading with this cryptocurrency site is that it suits novice and seasoned traders. According to the site, no prior crypto trading experience is required to utilize the features. While novice traders can begin using the platform immediately, it might take some time to get used to Tesler’s dashboard. Please, take your time to navigate the dashboard to understand the interface better.
Crypto investment sites should be easy to use and have a user-friendly interface for easy navigation. Luckily, Tesler has simplified features that are well-positioned for ease of use.
Simple Verification Process
Several users of trading platforms have complained about how the verification process was tedious and complex. These platforms demand a lot of users’ information, which makes them scared to join. However, the Tesler trading platform is different. It has one of the simplest verification processes because it requires users to provide a few details.
Supports Popular Cryptocurrencies
Sometimes, the problem with some trading platforms is the availability of a few cryptocurrencies. This is an issue Tesler has corrected. It supports some of the most popular cryptos – BTC, ETH, Ripple, and LTC. Due to the market’s volatility and the fact that these digital currencies don’t move harmoniously, there could be additional market opportunities.
Multiple Payment Methods
Users in countries where Tesler is available can deposit into the platform using different payment options. This provides investors with the flexibility they need. If one payment method is unavailable or having issues processing payment, you can switch to the next one. Tesler supports credit/debit card payments, e-wallets, and bank transfers.
If you don’t want to get into the real action yet, you can start with demo account trading. Users can use this opportunity to evaluate Tesler’s performance and overall features. In addition, it allows users to determine if the platform meets their objectives and trading style. We will discuss later in this article how to open a demo trading account.
24/7 Online Customer Support
Customer support is one of the prerequisites for the success of any platform. A platform that’s able to respond to traders’ questions and inquiries as soon as possible attracts users more than those that seldom respond to traders’ questions. Tesler has an excellent online customer support and offers 24/7 support, so traders can contact the team anytime and seek help.
No Withdrawal and Trading Fees
This is another perk associated with using Tesler. Unlike some auto-trading sites, Tesler doesn’t impose any withdrawal fee on their users; Traders can easily withdraw their funds without paying any withdrawal fee. There’s also no trading fee or account fee with this platform, so there are no deductions in your profit.
Not only is the withdrawal fee waived, but withdrawing from the platform is quick. The platform processes withdrawal requests in 24 hours. Since Tesler works 24/7, users can place withdrawals anytime.
Works on All Devices
Whether you use iOS, Windows, or Android desktops/computers, you can effortlessly access this trading platform from any device. Traders who don’t want to download and install software can access the web version of the site. So easy!
Tesler uses a top-notch encryption security system that safeguards the trading platform from hacks and data breaches. To further reduce the possibility of hacking, the trading platform uses different brokers to manage all trading transactions. Besides using a top-level security system, the platform reveals it adheres to data privacy laws, such as the EU’s General Data Protection Regulation.
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How to Start Trading with Tesler
With the features and its mechanism of operation exposed, the big question is, “how can a trader begin trading on the platform?” Below is a guide to follow to start.
1. Open a trading account
You can’t start trading without having an account first, so begin by creating an account on Tesler. The process is straightforward, so you are less likely to encounter problems. Creating an account will take you less than five minutes. The platform requires you to submit your name, email address, and phone number. When you visit the website, select “Register Now” and follow the instructions on the screen.
2. Make a deposit
As mentioned, users must deposit a minimum of $250 into the newly created account. However, you should only trade with this money if you are confident trading on this cryptocurrency online platform. Users can deposit money and make payments via credit/debit cards, e-wallets, and bank transfers.
3. Select a trading option
Every Tesler user can choose two trading options – demo trading and live trading. Demo trading involves trading with virtual money. This option allows you to be more conversant with the platform and learn the various features, including depositing and withdrawing. If you are a novice in crypto trading, we recommend this option, as you are not going to lose your money.
The live trading option is where it gets real. You trade with your money and could lose it if the trade doesn’t go in your favor. This option best suits pro traders and those confident about trading on the platform after training with the demo account. Users can open actual positions in their preferred crypto using their available funds when the live trading option is activated.
Pros and Cons of Tesler Crypto Trading
Trading on Tesler may have its benefits, but it is not without its downsides. Like all crypto trading platforms, the pros and cons will influence your decision to trade on this platform or not.
- No experience is required to trade since the platform does the trading on the users’ behalf.
- Generates trading signals and provides real-time insights
- Trades the most popular cryptos, such as BTC and ETH
- No operational downtime
- Fast and free withdrawals
- Unavailable in some countries
Is Tesler Scam or Legit?
Now to the big question, is Tesler a scam or trustworthy? Based on our findings, this platform is legit. Although we couldn’t verify some of its claims, the auto-trading platform proves to be reliable. It uses licensed CFD brokers, and that says a lot. The platform has been regularly compared to Immediate Bitcoin and Quantum, two reputable AI trading sites. That shows the legitimacy of this platform.
It is easy to call a platform a scam if you don’t comprehend the volatility and risks of crypto trading. Any crypto can fall and rise unexpectedly, and beginners must understand this and know their assets are always at risk. Auto-trading platforms aren’t always 100% correct in their analysis. If Tesler meets your objectives, you should join and invest in this robot auto trader.
1. Is Tesler legit?
Yes, Tesler is 100% legit, as you can deposit a minimum of $250 to join and start trading crypto online using automated features.
2. Is it available in all countries?
Unfortunately, no. It is only available in 150 countries for now.
Tesler trading is a 100% trustworthy auto-trading platform that allows you to profit from trades. It is secure, fast, and has one of the best online customer support. You don’t need to sit down to analyze transactions all day. With automated robots and intelligent algorithms helping you, you just set it up and watch your trades bring in profits. We hope this Tesler trading review clears all your doubts.