The cryptocurrency market has exploded in popularity in recent years. With major cryptocurrencies like Bitcoin and Ethereum reaching all-time high prices, many people have become interested in trading cryptocurrencies as an investment opportunity.
However, cryptocurrency trading can be complex and risky for beginners. This has led to the rise of automated cryptocurrency trading bots like Anon System that aim to make trading easier and more accessible.
This extensive review will analyze if Anon System delivers on its promises or makes unrealistic claims. We’ll look at critical factors like legitimacy, features, account setup, tips for beginners, risks, and more. We aim to provide the information you need to determine if Anon System is the right automated trading tool for your needs.
What is Anon System?
Anon System is an automated cryptocurrency trading platform that uses algorithms to buy and sell digital currencies on your behalf.
According to the creators, Anon System collects market data from various exchanges worldwide. It analyzes this data and generates trading signals based on your configured trading criteria.
If auto-trading is enabled, Anon System will automatically place trades for you. If auto-trading is disabled, you can manually review the signals and decide which works to identify.
Anon System supports trading popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Ripple.
Is Anon System Legitimate?
When assessing any automated trading platform, evaluating its legitimacy thoroughly is essential. Many scam platforms overpromise unrealistic returns and don’t deliver.
Based on our research, here are some critical factors regarding Anon System’s legitimacy:
- Bold claims – Anon System makes bold claims about efficiently achieving high profits. However, there’s no concrete proof to back this up. As with any trading, risks are involved.
- Anonymous founders – The founders of Anon System are anonymous. The lack of transparency raises some questions. Reputable platforms identify their founders.
- Affiliated brokers – Anon System is partnered with well-regulated brokers. This lends some legitimacy. However, risks still exist when trading.
- Encryption – Anon System claims to use data encryption. This helps secure personal information submitted during account creation.
Overall, Anon System appears semi-legitimate, but we can’t thoroughly verify its claims. Users should proceed with caution, start small, and use discretion. The cryptocurrency market is inherently volatile.
Key Features of Anon System
These are some of the main features highlighted by the Anon System platform:
- Cloud-based – Anon System is web-based so that it can be accessed from any device via a browser. No downloads or installations are needed.
- Automated trading – The critical feature is automated trading based on configured settings. Allows hands-free trading.
- Manual trading – Option to manually review signals and decide your trades. Provides control over each transaction.
- Demo account – Practice simulated trades with virtual funds to test the platform. Useful for beginners.
- Partner brokers – Integrated with regulated cryptocurrency brokers to execute trades.
- Asset support – Supports trading top cryptos like Bitcoin, Ethereum, Litecoin, and Ripple.
- Encryption – Claims to use data encryption for security during account creation.
Creating and Configuring an Account
If you decide to try Anon System, here is an overview of the account creation and configuration process:
Step 1: Registration
First, go to the Anon System website and complete the registration form. You must provide your name, email address, phone number, and other details.
Choose a strong password. Make sure it’s unique and not used for other accounts.
Step 2: Deposit Funds
You’ll need a minimum deposit of $250 to start trading. Anon System accepts payments via debit/credit cards, PayPal, Skrill, and other options.
Keep in mind this deposit is used solely for your trading capital. Anon System does not charge any subscription fees.
Step 3: Demo Trading
It’s highly recommended to demo trade first, especially if you’re new to crypto trading. Demo mode allows you to trade with virtual funds to test the platform.
Practice making trades with the demo account to get comfortable. No financial risks are involved.
Step 4: Live Trading
When ready, switch to live trading mode to trade with real funds. You can choose manual trading or enable automated trading based on signals.
We advise starting with small position sizes and trade amounts. Don’t risk too much as you continue learning the markets.
Conducting Due Diligence on Anon System
Before trusting any automated trading platform with your capital, it’s essential to conduct proper due diligence. Here are some things to research about Anon System:
- Search for comprehensive third-party reviews from reputable sources. Look for any red flags or concerns raised. Avoid promotional reviews.
- Research the company backgrounds of the partner brokers connected to Anon System. Are they regulated in their jurisdictions? Do they have a history of good business practices?
- Try contacting Anon System’s customer support team with questions. Evaluate their responsiveness and how helpful they are.
- Check online forums and communities to see what current users are saying. But beware of paid actors promoting products deceptively.
- Review the terms and conditions carefully. Check for any worrying clauses related to withdrawals, privacy, and more.
- Search the internet for negative press, allegations, or warnings about Anon System. Look out for genuine user complaints.
Conducting thorough due diligence protects you from potential risks and gives greater confidence in your trading platform. Never rush into trading without doing the proper checks first.
Evaluating Anon System’s Trading Performance
Unthinkingly trusting claims of high profits is unwise. Savvy traders analyze a system’s actual trading performance before using it. Here are some tips for evaluating Anon System:
- Scrutinize any trading history reports you’re given. Check for consistency and realistic results across different market conditions. Don’t just look at wins.
- Demo trade the platform extensively yourself using accurate market pricing data. Does it execute signals that would result in profitable businesses? Are the algorithms practical?
- Start live trading with tiny amounts. Let the bot make trades for weeks and meticulously track the performance.
- Avoid overfitting. The algorithms may work great for backtesting but fail with live markets. Monitor live trading results.
- Ensure you understand the trading strategy. Ask for details on what indicators are used and how entry and exit logic works.
- Check that performance is net of fees. Algo bots results look much less impressive after costs are factored in.
Carefully vetting an automated trading system gives you statistics to manage expectations. Don’t assume advertised profits will be achieved. Wait to see proof.
Security Tips When Using Trading Bots
Since trading bots have access to your capital and personal data, security should be a top priority:
- Only download bots from reputable sources. Third-party app stores may distribute compromised software.
- Check the legitimacy of the company providing the bot. Research the founders, website, and any associated social media.
- Enable two-factor authentication at the platform level and connected exchange accounts for added protection.
- Use strong, unique passwords and change them periodically. Don’t reuse the same password across accounts.
- Only connect exchange API keys at the minimum permission level required for trading. Limit account takeover risks.
- Monitor connected exchange accounts daily for any unauthorized activity. Immediately revoke API keys if detected.
- Avoid entering your trading bot API keys on any other platform or website. These can be misused to drain funds.
- Withdraw the majority of funds and profits to your wallet. Keep only what is needed for trading on the platform.
- Review privacy policies carefully regarding data practices. Reputable bots won’t sell or misuse your data.
Staying cautious and vigilant with account security protects you when using automated crypto trading bots. Don’t let your guard down.
Customer Support – What to Look For
The mark of an excellent automated trading provider is responsive customer support:
- Multiple contact methods – Quality providers offer phone, email, and in-app live chat for contacting support.
- Quick response times – Support tickets and inquiries should ideally be handled promptly, within 24 hours,. Slow support is a red flag.
- Knowledgeable staff – Customer support agents should be skilled at resolving account, technical, and trading questions.
- Positive reputation – Search for reviews praising the support team. Quality support creates happy users.
- Active user community – Vibrant community forums demonstrate engaged users and staff participation.
- Account security – Competent support staff will never ask for your password or API keys. Beware social engineering.
- Native language options – For international platforms, support in local languages improves user experiences.
Don’t hesitate to contact customer support and gauge their competency before trading in size. Judge a platform heavily by the quality of support provided.
Tips for Beginners
Trading cryptocurrency can be challenging for beginners. Here are some valuable tips:
- Learn about crypto – Research how cryptocurrencies work, top cryptos, and market news. Understanding crypto drives better trading.
- Start small – Don’t risk too much at first. Start with small trade amounts as you keep learning.
- Practice trading – Extensively demo trade before using natural capital. This builds experience without financial risk.
- Analyze results – Carefully review your trade history and performance. Learn from your trades to improve.
- Manage risk – Use stop losses and don’t overleverage. Intelligent risk management prevents significant losses.
- Withdraw profits – Withdraw a portion of profits regularly to your wallet. Don’t leave everything on the platform.
- Avoid emotions – Don’t panic trade or let emotions cloud your judgment. Making rational decisions is critical.
Risks to Consider
While Anon System advertises high profits, trading does come with risks:
- Market volatility – Cryptocurrency markets are highly volatile. Prices can swing rapidly, resulting in losses.
- Loss of capital – There are no guarantees you will make money or even recoup your deposit. Prepare to lose capital potentially.
- System errors – Automated systems like Anon System could have technical issues leading to trading errors.
- Incorrect signals – The algorithms may generate wrong trading signals, losing you money. No system is perfect.
- Crypto scams – The crypto space still has many scam platforms. Without proper caution, these can cost you money.
- Unable to withdraw – In rare cases, withdrawals via trading platforms may be frozen or denied preventing access to your capital.
As with any trading, funds invested in Anon System or other bots should be considered entirely at risk. Trade conservatively and monitor performance closely.
Who Can Use Anon System?
According to the Anon System website, the platform is available in the following countries:
- United States
- Canada
- United Kingdom
- Australia
- Germany
Residents of other countries may still be able to access Anon System using a VPN. However, using a VPN can violate the platform’s terms,, so proceed cautiously.
Some jurisdictions have banned or restricted cryptocurrency trading. Be sure to check your local laws and regulations first before using any crypto trading platform.
Expected Returns
Anon System claims traders can earn average daily returns of $5,000 or more. However, it’s best to take claims of guaranteed high profits skeptically.
In reality, profits depend on factors like market conditions, the amount invested, chosen assets, risk management, and luck. Beginner traders likely won’t achieve extremely high returns right away.
We advise having reasonable expectations, especially early on. Don’t rely on Anon System as your sole source of income. Focus on learning the markets first while keeping your trading amounts low.
Anon System Pros and Cons
Pros
- Easy registration and verification
- Cloud-based app accessible on any device
- Automated or manual trading options
- Good customer service reputation
- Associated with regulated brokers
Cons
- No mobile app
- Founders are anonymous
- Some unrealistic profit claims
- High risks still involved
Final Verdict
Anon System has some legitimate elements, like the partnered brokers and encryption claims. However, the anonymous founders, bold profit promises, and lack of mobile apps raise some concerns.
We can’t verify whether Anon System is as accurate or profitable as it claims. There are also inherent risks in crypto trading that users take on.
For beginners, we suggest learning about cryptocurrency trading before relying too heavily on an automated tool like Anon System. Start with demo trading and minimal risks.
While Anon System may be useful for some traders, exercise caution and manage your expectations. Never invest more than you can afford to lose.
Frequently Asked Questions
How do I start using Anon System?
Register an account on their website, deposit funds, and configure your trading settings. Extensively demo trade first before risking natural capital.
What is the minimum deposit?
Anon System requires a minimum deposit of $250 to start live trading.
What fees does Anon System charge?
Anon System does not charge subscription fees, commissions, or trading fees. You only need to fund your trading capital.
Can I withdraw my money at any time?
Yes, you can request a withdrawal at any time. Withdrawals are usually processed back to your deposit method within 24 hours.
Do I need trading experience to use Anon System?
No experience is needed. The automated trading bot trades on your behalf based on algorithms. However, having some background in crypto helps.
What cryptocurrencies can I trade?
Anon System supports trading significant coins like Bitcoin, Ethereum, Litecoin, and Ripple.
