Hummingbot.io Reviews: Is Hummingbot.io to be trusted? Or is Hummingbot.io unreliable? Because we are concerned about the financial safety of our readers, we did extensive research and made a review on Hummingbot. Please read our review before you decide if you should throw your time, expectation, and money into this trading platform.

What Is Hummingbot.io?

Hummingbot is a bitcoin mining platform. They run an open source software that helps traders build and run market making bots on any crypto exchanges. According to them, their software “utilizes cutting edge technologies in order to stream real-time order, book data and execute trades at millisecond-scale.” Hummingbot was built by a team of experienced data scientists and data engineers.

Their trading engine uses Cython, and their data fetchers uses WebSockets.

How Does Hummingbot.io Work?

Hummingbot claims to be give all traders, despite their level of experience, algorithmic trading superpowers. A skillset that was previously available only to large financial institutions. Their trading methods, as they claim, are quite flexible, and in three easy steps you can trade with them:

1. Sign up
2. Install, configure and run Hummingbot
3. Get paid

Hummingbot.io supports centralized and decentralized exchanges. This means that, for advanced users, they can use the plugin architecture from Humming Bit to create and customize their own strategies.

The supposed assurance and profitability of trading with Hummingbot would be attractive to any trader. But should you trust Hummingbot.io?

What We Found about Hummingbot.io!

In the wake of the COVID-19 pandemic and the enforced lockdowns that followed, most people have been conditioned to work from home. Earning from the comfort of one’s home is more attractive now than ever. And Humming Bot brings such promise. But are they reliable?

Humming Bot is run by CoinAlpha Inc., a company that builds open source technologies that, as they say, enable a more transparent, fair, and inclusive financial system.

Pros:

1. Their platform is entirely open source, with their source code even available for review on Github.
2. Hummingbot is free to use and does not charge any commission on trades.
3. They’ve been operating for two years now and have received no bad review from unsatisfied clients yet.
4. Supports trading opportunities in a variety of exchanges, and also arbitrage trading.

Cons:

1. A bit confusing to install and use for first timers.

Verdict!

Hummingbot.io, despite seeming reliable, should be approached with caution. There is always a risk factor in any trading, and also a possibility of loss. False assurances of stable profit and no loss is enough reason to be suspicious of them.

There are many untrustworthy trading websites on the internet promising get rich quick options. Most people attracted by these “too good to be true” ROIs from these sites have invested their money expecting profit but lost everything in the end. You do not have to become one of them to learn from their experience. It is unfair to fall victim to fraud and lose the money you earned from honest work. Fact checking should be a priority before you throw in money into any online trading scheme.