TeslaCoin is a crypto trading robot that trades Bitcoin, Ethereum, and other top cryptocurrencies on your behalf. What makes this platform different from other crypto bots is that it uses Tesla Coin cryptocurrency (TES) as the store of value in your trading account.

Is TeslaCoin worth your time? In our TeslaCoin review, we’ll cover everything you need to know about this trading platform and determine if TeslaCoin is legit.

TeslaCoin Summary

Let’s kick off our TeslaCoin review with a quick summary of everything you need to know about this crypto trading robot.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

What is Tesla Coin?

TeslaCoin is an automated crypto trading platform, also known as a Bitcoin robot. The platform claims to buys and sells cryptocurrencies on your behalf in order to generate a profit.

According to the site, Tesla Coin can trade popular cryptocurrencies such as Bitcoin, Ethereum, Ripple, and Cardano. Buy and sell orders are controlled by an algorithm, so the platform can trade 24/7 on your behalf and never needs to take a break. It’s important to keep in mind that crypto assets are a highly volatile unregulated investment product. 

TeslaCoin states that it does not charge any fees for using the platform. However, you must make a minimum deposit of $250 in order to start using TeslaCoin. You can test out the platform in demo mode and withdraw your funds at any time.

TeslaCoin Pros & Cons

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

How Does TeslaCoin Work?

According to the site, TeslaCoin uses a sophisticated algorithm to track movements in the prices of major cryptocurrencies. When the algorithm detects a pattern that it recognizes, it will execute a buy or sell order using the funds in your trading account. The algorithm will then continue to monitor price changes and will automatically exit your position for a profit or loss once the pattern starts to deteriorate.

TeslaCoin doesn’t specify how accurate its algorithm is at trading for a profit. Note that TeslaCoin only trades cryptocurrencies, so it is not suitable for investing in Bitcoin for the long term. Also remember that all trading carries risk. TeslaCoin could potentially lose money.

TeslaCoin Key Features

Let’s take a closer look at several of TeslaCoin’s key features as part of our TeslaCoin review.

24/7 Automated Trading

Since TeslaCoin uses an algorithm to day trade crypto on your behalf, it can place trades in the crypto market 24/7 without ever taking a break. The platform is fully automated, so there is no need to manually enter trades or even monitor your account throughout the day. TeslaCoin recommends that traders check in for 15-20 minutes per day to see how your account is performing.

Trade Multiple Cryptocurrencies

TeslaCoin currently trades 4 cryptocurrencies: Bitcoin, Ethereum, Ripple, and Cardano. All 4 of these are major cryptocurrencies, in the top 10 digital currencies by market cap. So, there is a lot of trading volume and a lot of volatility in these coins, creating plenty of opportunities for TeslaCoin to open trades.

Demo Mode

TeslaCoin offers a demo mode so you can try out the platform and see how it performs without risking any money. Demo mode offers a chance to see what types of trades TeslaCoin would execute and what your profit and loss would be. It also enables you to modify some of the trading platform’s parameters in a safe environment.

Instant Withdrawals

TeslaCoin allows you to withdraw your funds at any time. The platform pays out instantly with no withdrawal fees. All payouts are in fiat currency, not in TES.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

TeslaCoin Fees

According to the site, TeslaCoin doesn’t charge any fees for using its platform. There are no deposit or withdrawal fees, and no commissions on the trades or profits that TeslaCoin makes on your behalf.

Note, though, that all trades may be subject to spreads charged by the cryptocurrency brokers that TeslaCoin uses. In addition, there may be small blockchain fees for converting from fiat currency to TES and back. These fees are not charged directly by TeslaCoin, but they can impact your account.

Is TeslaCoin a Scam?

One of the key questions we wanted to answer with our TeslaCoin review was, Is TeslaCoin a scam?

According to the TeslaCoin website, this platform is completely fee-free and offers a demo mode so you can try it out before risking real money. In addition, the trading platform focuses on major cryptocurrencies like Bitcoin that are known to be volatile and provide plenty of opportunities for fast-paced trading.

TeslaCoin Minimum Deposit

TeslaCoin requires a minimum deposit of $250 in order to start using the platform. You must make this deposit before you can access any of TeslaCoin’s features, including demo trading mode. This money is yours and can be withdrawn at any time.

TeslaCoin Customer Support

TeslaCoin claims to offer support from a dedicated account manager after you join the platform. However, our TeslaCoin review found that there is no way to get in touch with customer support before you sign up.

How to Buy Tesla Coin

Ready to give TeslaCoin a try? This part of our TeslaCoin review will walk you through how to sign up and start trading.

Step 1: Sign Up for TeslaCoin

Head to TeslaCoin’s website to sign up. Enter your name, email address, and phone number in the registration box, then click Register Now.

Step 2: Deposit Funds

TeslaCoin requires a minimum deposit of $250 when you sign up. You can make a payment by credit card, debit card, or bank transfer. There are no deposit fees at TeslaCoin.

Step 3: Start Trading

Now you’re ready to start using TeslaCoin. You can try out demo mode to see how the platform works and to play around with optimizing the algorithm’s parameters. Once you’re ready, activate live trading and TeslaCoin will start automatically buying and selling cryptocurrencies on your behalf.

The Verdict

Our TeslaCoin review found that this crypto trading robot is trades Bitcoin, Ethereum, Ripple, and Cardano automatically on your behalf. The robot trades 24/7 and claims it can automatically detect the most profitable patterns for trading.

Remember, we couldn’t verify all the claims made by Teslacoin, so do your research and try the demo account beforehand if you use the platform.

Want to try trading with TeslaCoin? You can click the link below to get started today.

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