GunBot (TheCryptoBot.com) by Gunthar De Niro has become notably popular amongst the crypto trading community.
This informative GunBot review takes a look at all the pros and cons as we discover what the fuss is all about and if this software is really worth buying.
We encourage you to read our full GunBot review before purchasing the software in order to ensure you have all the details needed for a safe and enjoyable trading experience.
What Is GunBot & How Does It Work?
GunBot is an automated crypto trading software that works on Poloniex and other cryptocurrency exchanges. It was created by Gunthar De Niro with the first version being released in December 2016.
The bot is designed to buy and sell cryptocurrencies. It earns you a profit by repeatedly buying low and selling high.
The algorithm the GunBot uses can be applied to manual trading too. The advantage of using this software over manual trading however is being able to generate a profit 24/7.
GunBot works on the following exchanges: Binance, Binfinex, Poloniex, Bittrex, Cryptopia and Kraken. Cryptopia is only supported in version 4.0.1 or above.
This automatic crypto trading bot has numerous strategies built into it; they are Bollinger Bands, Gain, Step Gain, PingPong, 1000Trades and Supergun.
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We did note that the creator Gunthar De Niro, has mentioned that the BB strategy is the better one to use.
Users also have the option of mixing these strategies when using either Poloniex, Bittrex or Kraken. For example, you can buy with BB and sell with PingPong, or you can buy with PingPong and sell with Gain.
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GunBot aka TheCryptoBot Pricing
Gunbot has three different pricing plans depending on whether you wish to utilize more than one exchange.
- 0.1 BTC – One Chosen Market – Lifetime Licence – One Time Payment – Run Unlimited Pairs
(converted to roughly $400 at the time of writing this review). - 0.2 BTC – Any Two Markets – Lifetime Licence – One Time Payment – Run Unlimited Pairs
(converted to roughly $800 at the time of writing this review). - 0.3 BTC – All Three Markets – Lifetime License – One Time Payment – Run Unlimited Pairs
(Converted to roughly $1200 at the time of writing this review).
It is important to note that the GunBot licences will not be available forever.
For example, the Poloniex volume is finite, therefore, according to Gunthar’s well thought out calculations only a limited number of people can use Gunbot on Poloniex.
Unfortunately, if everyone starts to spam the order books with autobots, eventually as we have seen before with other programs who offer infinite copies, someone will land up with their software being stuck.
Luckily, Gunthar has already considered this and has come up with a solution to the problem. A new GunBot algorithm.
The next GunBot algorithm will be called Black Edition and will only be released once all the original licences are sold.
What we find interesting about this is that only traders with a bought GunBot license history will be able to buy a GunBot Black Edition license.
Any new traders will have to purchase an original GunBot license from a previous user.
If you already hold a licence, this immediately adds value to it, as over time as it can be traded or sold at the best possible price directly from you.
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If you do not have a licence yet, you might want to consider getting one now.
GunBot Software Pros & Cons
Although the software is an automated trading bot, we consider it to be more of a trading aid.
After having a closer look, we found there are some minimum requirements a person needs to operate the CryptoBot successfully.
For example, it is preferable to have some experience in trading and know what you are doing before running this software, otherwise you could face potential losses.
Let us begin with the hardware requirements.
You can download the software and run it from your PC or you have the option of purchasing a VPS (Virtual Private Server) from one of their recommended suppliers or a VPS provider of your choice.
The service recommends purchasing a Contabo VPS Server & running it with Windows 10 or Linux for best performance.
The software works on Windows, Mac and Linux.
Nix is also supported however; this is a NET & Node.js program so it is better to run it off Windows.
It is also recommended to choose a minimum 4 core and 4 gig RAM. GunBot is not a major CPU consumer though as it only takes 20k RAM for each currency pair you trade.
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There are other minimum requirements that we need to mention in this GunBot review. To operate the software the user also needs to possess some basic skills.
The minimum requirements are listed below;
- Basic Computer Skills
- Basic File Editing Skills
- The Logic of Market Trading
- Understanding that this is an automation software for trading Cryptocurrencies and the user is required to configure the bot according to their needs and desired trades.
- Understanding that GunBot does not make any predictions and does not make decisions for the trader – e.g. it does not choose which coin pairs to trade on its own.
- Understanding that configuring GunBot is mandatory and falls in the hands of the user.
The user also needs to know and understand what the following terms mean; Bitcoin, Trading Cryptocurrencies, Coin-Pair, API Key, API Secret, Buy/Sell Price, Holding a Portfolio of Cryptographic Coins, Deposits & Withdrawals, VPS, Console/Terminal Window.
If you do not understand the above terms or possess the requirements listed, then this software may not be suitable for you.
Additionally, because you are required to configure the software yourself after installing, if you are not experienced in various strategies it is recommended to leave each strategy in its default settings and just choose your currency pair and max balance to trade.
The pros of using this software come in the form of automated trading (once you have configured the bot) and allowing it to run 24/7 even while you are asleep.
This translates to a lot more possible profit than if you were manually trading which is naturally time restricted.
According to the extensive research we conducted for this GunBot review, the profits reported by users are in the 1% -3% daily range.
If left running 24/7 and market conditions are favorable, for example, there are no coin crashes then you are looking at an ROI of around 30% monthly.
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This is a very decent profit.
Can You Lose Money With GunBot?
Yes!
As mentioned, the CryptoBot is automated and gives you the freedom to change certain options, however, you need to know what you are doing.
There are some technical errors you should avoid in order to prevent losses.
For instance, if you use a stop limit to close to the coins daily variation.
There are also some common errors to avoid such as trading an unreliable or surging/dying coin, setting a margin to buy/sell to low/high or setting Max Latest prices to low.
How to Buy & Download GunBot Software
It is recommended to only buy licences from authorised resellers.
You can check their authority on the official Gunbot forum, Gunthy.org. GunBot runs via the API system on your chosen exchange.
Therefore, for example, if you are going with Poloniex, you will need your Poloniex API Key as this will also act as your licence key.
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Important Note: There is a difference between your API Key and your API Secret Key – Do not share your API secret key with anyone.
Once you have done this, simply download GunBot and install it.
Before running the software for the first time remember to configure it.
Access to Poloniex is granted using your API keys and a direct call to Poloniex API.
Please note, It is mandatory to not enable the withdrawal feature on your Poloniex API pair. If GunBot detects an API pair with withdrawals enabled, it will disconnect and your GUNBOT license will be blocked.
Gunbot Review Conclusion
Official Site: thecryptobot.com
We conducted extensive research for this Gunbot review, including many hours of reading various forums, reviews, community feedback and videos.
Also taking into consideration the software maturity, we can safely and confidently say that this is by no means a scam.
GunBot has been proven time and again to not only function as it should but provide consistent profits as well.
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If you are interested in trading cryptocurrencies, this is one automated software we encourage you to try.
For help with installing, setting up and using this software, feel free to visit TheCryptoBot (GunBot) User Guide.
There are other legitimate options available, such as the CryptoTrader, however GunBot seems to win in terms of price, customization and support.
Gunthar De Niro has proven to be a straight up guy who is always willing to answer any questions relating to the software or offer help in getting the program up and running.
This is something you will not find in any Ponzi/HYIP/Scam services.
There is no refund policy on the software, however, if for some reason you are unhappy with the performance of the CryptoBot, you can always sell your licence on the official Gunthy.org Forum.
Great review, would just like to mention I have tried PT and Gunbot. PT blows away Gunbot but both have the same problem of having to be run on a VPS and updated all the time. If you run on your computer it will cut into the profits with electricity so not worth it. I am now settled with CWEBot which is a cloudhosted bot and has over 120,000 users worldwide and much more advanced than other bots. They also have app on android and ios to check your trades and receive signals on the go. If you want a self hosted bot go PT if you want cloud hosted go CWEBot, thank me later 🙂
Here’s our CWEBot review.
I’m the real arbitrator, I understand this market, I used a lot of bots that promised one thing, but in the end, I did not get anything from them. I’m sick of it and now I’ve listened to the crypto community, which claims that BitbitBot is the most advanced thing on the market. I’m delighted. The guys are just super))
Ive read that you all want to sell licence ….it’s not good.I know great platform where you can gain money easier and faster “Bibitbot”-its really good choice
Hey , guys if someone tryed the bot Bibitbot? I’ve heard about it somewhere , but not sure is it good or isn’t?
Check out this BibitBot review.
Yes, Bibitbot is such an amazing thing, I do not know anything about arbitration, in which I passed free training and it really helped me
Oh really? I like reading this because many bad posters said that Bibitbot is the scam. This is fake information
Bibit Boy isn’t scam it’s for sure I use it) And i started to earn more money. This service is too useful
Good program! I have tested many trade bots, including Gunbot. I have faced several companies of fraud, such as cryptorobot365, it is necessary to be careful with them!
I at last have found bibitbot.com, it is really good tool. Notices which can be adjusted as it is convenient to you, come to Telegram. Free 1 day of use, allows to make sure of operability of service and not to worry that it is deception. The choice for you
Thanks. What do you think of this Bibitbot.com review?
Scambot perhaps. Crazy gunthar.
For beginners Cryptohopper might be a good alternative, it’s easier to configure and has a free trial, you can also set it to test mode so it actually does trades but without money so you can test out your settings without any risk
medium.com/@yeong.crypto/review-of-cryptohopper-351b0a2f2a8f
Hi all,
If you have any questions about Gunbot, feel free to contact me.
gunbot.com
/Victor @ gunbot.com
Telegram: telegram.me/gunbotcom
Hello!
First, I’ll explain what GUNBOT is. GUNBOT is an automated trading bot that does the same as an ordinary trader, but without its direct participation. A lot of customizable strategies, notifications of transactions in Telegram and much more, which makes it an ideal machine for money.
I am the official reseller of GUNBOT and the license you can buy from me! – github.com/GuntharDeNiro/BTCT/wiki/Resellers
If you are interested in this topic, then you understand that without a good configuration this trading bot can only bring a small profit. My team has such a configuration. Long and hard, we developed a really effective configuration and finally made it!
You can see the trading history for the week – drive.google.com/file/d/15V1Z-Ps_adrshXH_KVt78jtDq-N6Q1Iu/view
The official price of the configuration is – 0.2 BTC
Automatically switchable configurations to different markets + configuration via remote access – this development was made specifically so that you could forget about manual bot adjustments when needed. A lot of configurations based on different strategies will automatically switch, making the maximum profit. It can do more than 200 transactions per day
The official price of automatically switched configurations is – 3 BTC
On all questions write to Telegram – t.me/Nova_tec
Nice review! I have tried out many trading bots myself, including Gunbot. I came across a few scam companies such as cryptorobot365, be careful with those!!
In my tests I finally decided to go with cryptoblizz.com, it’s a really nice tool and easy to use. I also like haasonline.com when it comes to featues, but it’s too technical for me. Gunbot is nice, but it’s pretty expensive and some configurations are a bit technical.
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GunBot is good but I use another crypto software, it is reliable and works with many platforms also for forex trading: thebinaryoptionstrade.com
Binary options trading is mostly a scam. The specific bot your link leads to has been blacklisted as well (FXMasterBot.com).
I confirm this is a scam! I now see it is the same as cryptorobot365…! Don’t fall for this guys..
I am looking for someone to help me set up and use Gunbot. I am looking to understand trading strategies and stuff like that, willing to pay for service
reach out to me on telegram. ill help you.
t.me/br41nbug
Is there a way I can speak with you over the telephone
thats not possible, sorry. but normally its not too hard to do it via Telegram, since you can post config etc.
If you can not speak by Telephone, I think there is a fraud going on. Sorry, I do not need your service
Just to clarify the pricing:
Gunbot with 1 Exchange = 0.1 BTC
Every additional Exchange = 0.05 BTC
There are 5 exchanges available at present, not three!
(Bitfinex, Bittrex, Cryptopia, Kraken, Poloniex)
@ James
The information and pictures of this review are already outdate quite some time. They come from a v3 version or some prior release. In october V5 was already there.
Gunbot is currently at v6.0.2 with a very intuitive Web GUI. If you want to, I can help you out witrh some info and screenshots.
We will appreciate any help with up to date info/screenshots. Feel free to email us.
why you selling?is it profitable or as they say waste of money ?
gunbot isnt unprofitable at all. it depends on the settings you use. dont expect to buy a piece of software, turn it on once and become millionaire within month. you need to choose the pairs you trade and you need to set gunbot up accordingly. once you figure out how things fit your trading style and personal risk management this thing is a beast and gains incredible sums.
I bought it, Its expensive garbage. It doesn’t make trades, Its not user friendly, changing the settings hasn’t been easy ,or helpful. The support team on telegram is super kind and helpful, but the suggestions and links to setting that are supposed to work don’t do any better.
Hey Josh,
i respect your opinion on that. For sure there were some points in time, that formed your opinion on Gunbot that way.
But stay fair. There are 3000 active Gunbot users, that are making solid profits with it everyday! If Gunbot would be garbage, how would those people be able to make that profits at all?
I agree with you, if you try to setup a headless instance of Gunbot, you can have hard times configuring it, sínce you need to know some stuff about JSON formating, configuration files in general.
But there is a very user-friendly GUI shipped with Gunbot, that lets you setup all this in your webbrowser.
To help users figuring out, what the settings do, there is a complete wiki that covers every (!) setting you can change with Gunbot:
github.com/GuntharDeNiro/BTCT/wiki
The support on Telegram really depends on the individual you talk to! Most of the people are really good at giving technical support. If you want to talk to officials of Gunthy.org, you got to stick to Narkotix and Exquitas. They will provide you 100% reliable information.
Again: There is one thing that decides if you will make profits or losses with Gunbot. The proper configuration!
I hope I could clarify some things. If you are willing to give Gunbot another try, contact me and I will help you to get started! ( link removed )
greetings
br41nbug
Hello there,
Can I contact you to get some good settings going on?
Hi Julian,
unfortunately the moderator of this post removes all contact links when I am posting, so I guess you will have hard times to contact me. You can try one of the contact methods I offer on my website tradingbot.org
Please be aware, that I wont offer “ready-to-go” configurations, because I want people to understand what they are actualy configuring. Understanding is the best way to trade with Gunbot and dont get frustrated!
Im selling my bittrex license for 0.06btc.
We contact gunthar for transfer.
Let me know if interested
Hello Stephan,
is your license still available?
i want to sell my licence
contact me if interested camatchocapo@gmail.com
Please be aware, that the only legit way to sell your license to another person is through the official gunthy.org forum. API key transfers that did not undego the procedure of posting there and using an escrow that is approved by the core development team will not be processed!
Additionaly currently the christmas sale is on, and a new license costs less than a 2nd hand license.