Crypto trading bots are becoming more popular, with many claiming that their algorithms can help traders make better decisions and increase profits. I’d been hearing about them for a while, and I finally decided to give one a try. I found what seemed like a reputable service offering access to their proprietary trading bot for a monthly subscription. They claimed the bot could analyze market trends in real-time and execute trades automatically, promising higher returns than manual trading.

I signed up for a free trial, which required me to link the bot to my exchange account using an API key. Everything seemed fine at first. The interface was clean, and it even showed some early positive results in my trading portfolio. But then I noticed something strange: the bot was making large, risky trades without my consent, and my balance was quickly dropping. I immediately contacted their support, but they were slow to respond, offering only generic replies like “We’re working on it.”

At that point, I decided to revoke the API access and disconnect the bot from my exchange account. Thankfully, I managed to do so before I lost everything. Afterward, I discovered that many people had experienced similar issues with this particular bot service, with some even losing their entire portfolios. It turned out that the bot wasn’t actually designed to help traders—it was programmed to drain accounts by executing high-risk trades that benefited the scammers behind it.

The lesson here is to be extremely cautious when using trading bots, especially if they require access to your exchange account. Always verify the service through trusted, independent reviews, and never give a bot full control over your funds without understanding how it operates. It’s easy to get lured in by promises of effortless trading and high returns, but in the world of crypto, if you don’t stay vigilant, you could lose it all.