What is Automated Trading Systems — A Cryptocurrency Scam — Explained
BTC value is going sky high these days. Those who are interested in this domain of finance are making the best possible effort to make the most of this Bull Run in the BTC market. They are looking for affordable alternatives for profit-making through investment.
These are the people who ready to take any risk to be rich overnight. When we say risk, we mean any amount of risk. This increases their chances of falling victim to ATS scam.
ATS stands for Automated Trading Systems, a popular scam in the domain of cryptocurrency.
Why ATS is a Scam?
It is a scam for multiple reasons. The list includes but is not limited to the following only:
- The withdrawal process of exchanges takes ages.
- Exchanges charge a bucket full of money to swap Bitcoins or Ether with FIAT currencies.
- Cryptocurrency arbitrage takes a lot.
- Profit is not guaranteed.
- If your luck is not by your side, the hefty financial loss is there for the taking.
- Caveat Emptor.
All in all, investors put the best foot forward and speculate the price difference between exchanges and win your trust to scam you with ease.
This is called the ATS Scam. In case you are one of the crypto enthusiasts planning to make the most of the BTC value shooting up, learn in this regard as much as possible.
Learning about it will help you safeguard your funds the right way and take the right decision.
A Keynote For Everyone:
The purpose of this post is to educate readers about one of the most common types of scams in the domain of decentralized finance. Not even a single word writing in this post is investment advice for anyone in this world.
Therefore, readers are advised to be wise and research in-depth before taking any decision about investing in this domain of finance. Caveat emptor!
Keep coming back here to learn more about this fintech innovation.
