Mudrex Trading Bot Review

By BrynnB | The Modern Crypto Man | 15 Sep 2020


It's difficult to sift through all of the scammy, unrealistic returns promised by many crypto investment companies nowadays. You can never be too sure as to whether the project/company is just an exit scam/Ponzi scheme waiting to collapse. Good news - there's a new kid on the block, and their name is Mudrex.

1. What is Mudrex?

Mudrex is an investment platform that utilizes developer's crypto-trading bots publicly, with a small fee paid to the bot's developer each month. There are various bots to choose from, all trading different currencies on different exchanges. You can choose the one that suits you best and let it run from there!

2. Why trust them?

Right off the bat, the fact that they are backed by Y Combinator gives one a great relief. They raised over $150k in 2019 to get started, and since have been expanding their team to continually offer a better service. Another reason is based on the API system - the trading bots only use API keys, and you never have to send any cryptocurrency to some random address, not knowing where it may end up. You have full control as you control your exchange account, only allowing the bot certain permissions to place trades, but never actually withdrawing your funds.

3. How expensive is it?

Many of the bots require you to have 100 USDT as a minimum investment, with some as high as 300 USDT. Others are done in BTC, but the majority appear to trade USDT against various currencies. There is also a 1% fee (at a min. of $5 or $10 a month) on your returns, so you will have to take that into consideration when choosing which bot to trade with.

4. I want to see results!

The great part about the Mudrex platform is their transparency. On any bot's trading plan, you can track the results and trades of that bot. It also gives useful trading info such as the Sharpe ratio, market returns and average profits.

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Looking through multiple bots and deciding which is best for your risk appetite is obviously the best plan - don't just look at the "returns"! Many of these bots are trading above a 30% return since they began. You can see the monthly return per bot, but the main return percentage is an overall score. The strangest part about Mudrex (as seen below) is the amount of investors! I am blown away that there are not 100's of people jumping onto these opportunities to leverage a crypto bot without the risk of messing it up through lack of skill, as is the risk with CryptoHopper and other bot services.

Their most popular bot seems to be the Windfarm ETH trader, with a 62% overall return. Others do have higher returns, but are not as well rated as the Windfarm bot. As mentioned before, you can choose according to your risk appetite!

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And that's Mudrex! If you have 100 USDT or more that you'd like to grow passively, I would definitely recommend trying Mudrex for a few months. With the returns where they are, the fee seems to become negligible! 

To start trading today, try Mudrex for safe and powerful returns! For more info, visit their blog and see the progress they have been making.


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Some of my other articles

Thanks for reading! If you enjoyed this short article, please follow me for more regular crypto content. If you are wanting to become a blockchain developer, follow my Blockchain Dev blog! Thanks for all the support. Remember, this isn't financial advice - just for entertainment!

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BrynnB
BrynnB

Young entrepreneur from South Africa, looking to become a blockchain developer.


The Modern Crypto Man
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