Bitcoin Forum

Hey all,

We are a group dedicating to create the best automatic crypto trading bot! No download required & it works on 3 exchanges at the moment. Do check us out at https://beta.pylot.trade/ to be one of our tester!

Sign up today to be on the waiting list for our beta version which will be released soon!  :D

Those three exchanges are quite enough that they are the biggest exchanges for daily trades, and this should determine, at least, the opened price for the Bot after official release. So, if you admit that [Beta] testers will have a special offer after release like a price discount or a free access, i think this would encourage users to try it. I mentioned "price" here because of many others Bots are for sell (even here in BTT) with great accessibility and efficacity but with also a very high price (check the price og GunBot) so anyone will think about comparing price besides others even before joining the test version for free.
What does it means; "No Technical Setup" ?

The pricing after free beta will be monthly and we will offer several packages depending on the budget and requirements investors have. Testers will not get free access after the (already free) beta but get a discount on their first months. After the beta our testers will know if it makes sense to continue for them financially so the first month discount in the final product is a thank you for helping us testing now.

No technical setup means that you won't need to download or install anything, neither does your computer has to be on to use this bot as it runs on our cloud infrastructure.

Looks promising.Are you planning to release it ob Github? Since you said no technical implementations are needed on the client's end, are you sure the data will be safe on the platform? You mentioned the bot runs on cloud infrastructure which opens it up for a number of vulnerabilities. Do you think you have covered all the possible cases?

A simple Middle Man attack would result in a potential loss for the victim.

Thanks for your post, those are definitely valid concerns. We do believe the data will be safe by the various steps we took to secure our platform. A release on github is not planned since this is PaaS.

We have at no point access to your wallet or the ability to withdraw funds, so there is very little for potential hackers to gain. Would you describe what scenario you are thinking of exactly for man in the middle attacks here?

A simple Middle Man if he succeed to attack the platform, he may adjust parameters orders of users to sell or buy at exact point (price). He may sold his coins high or buy coins sheap (am just imagining a possible scenario) as the platform may contain data of users that may be also get hacked. The point here is about securing the platform against any possible bad case so the add to GitHub would be the right next step.

Just to make sure we talk about the same thing, you mean a man in the middle attack right? This scenario would mean someone infiltrates the connection between you and our service which would be able to happen if you have a virus infested computer (we can not control that) or your internet provider manipulates the connection (extremely unlikely). As you see our website is SSL secured so all connections are already encrypted.

Even if someone were to gain access to your exchange account through us what is the value in selling all your coins for cheap (which wouldn't happen since you can't sell below market value)?

Releasing source code on Github does not make anything more secure, it simply allows people to read the source code. If they find something vulnerable in it it would be up to them to tell us or in fact maliciously make use of said vulnerability. As mentioned this is a cloud service and we aim to provide it in a monthly subscription, therefore releasing code for everyone to freely use is not "the right next step"