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Teslacoin Review – Scam or Legit?

Teslacoin is a crypto trading robot that promises to trade Bitcoin and other digital currencies profitably on your behalf. The platform uses artificial intelligence to spot trade setups and act on them without any intervention on your part.

Teslacoin doesn’t provide information about its success rate, which can leave traders wondering: Is Teslacoin legit? In our Teslacoin review, we’ll take a closer look at this Bitcoin robot to help you decide if it’s right for you.

Teslacoin Summary

Let’s start our Teslacoin review with a quick summary of the platform:


Your capital is at risk.

What is Teslacoin?

Teslacoin is a trading robot that can automatically trade Bitcoin, Ethereum, Ripple, and Cardano on your behalf. The platform says it uses artificial intelligence to identify trades in real-time, and then uses money from your trading account to open a position. At the end of every trade, all of the funds, including any profits, are returned to your trading account.


What makes Teslacoin unique is that instead of keeping your account funds in cash, it automatically converts your funds to TeslaCoin cryptocurrency (TES). This means that your account is exposed to the price of TES, so you stand to gain if the value of TES rises.

Teslacoin doesn’t specify how successful its algorithm is at closing trades for a profit. However, the platform does offer a demo trading mode, so you can test it out for yourself without risking money on live trades.


Your capital is at risk.

Teslacoin Pros & Cons


  • Automatically trade 4 top cryptocurrencies
  • Get exposure to TeslaCoin cryptocurrency
  • Demo trading mode available
  • Withdrawals processed in 24 hours


  • Requires a $250 minimum deposit
  • No mobile apps

How Does Teslacoin Work?

Teslacoin claims to work using a sophisticated artificial intelligence-based trading algorithm. The algorithm is able to recognize price patterns that are likely to lead to profitable movements. When a potentially profitable pattern is detected, Teslacoin automatically opens a trade using funds from your trading account.

The algorithm then monitors the trade and closes it when a price target or stop loss is reached. At the end of every trade, funds are returned to your account and can be reused for future trades.

Teslacoin Key Features

Our Teslacoin review identified 5 key features that help this platform stand out.

Investment in TeslaCoin

One of the most unique aspects of Teslacoin is that all of the funds in your account are converted to TeslaCoin cryptocurrency prior to trading. This has 2 important effects.

First, all trades that Teslacoin makes on your behalf are between TES and the target cryptocurrency. For example, you are trading the BTC/TES crypto pair, rather than the more common BTC/USD pair. This creates additional volatility in the markets you’re trading, which leads to more trading opportunities for Teslacoin’s algorithms.

Second, since your trading account holds TES, you are effectively invested in TES. If the price of TES rises, the value of your trading account will increase. That makes Teslacoin an ideal Bitcoin robot if you are bullish on TES crypto. The TeslaCoin price is currently $0.0024 per coin, although it previously hit a high of $0.15 per coin in early 2018.


24/7 Auto-trading

Since Teslacoin is powered by an algorithm, it is able to open and close trades 24/7 without rest. That’s important because it means Teslacoin can take advantage of price dynamics around market open and close in the US, Asia, and Europe.

The platform currently trades 4 cryptocurrencies: Bitcoin, Ethereum, Ripple, and Cardano.

Ultra-fast Execution

Teslacoin claims that it has a leg up on human traders because it’s able to execute trades incredibly quickly. The AI algorithm can detect setups and open trades in a matter of milliseconds, which is impossible for most traders to match. This fast execution enables Teslacoin to potentially profit even from small price movements.

Demo Trading

Teslacoin offers a demo trading mode so that you can test out the platform without risking money on live trades. Using demo mode is a good way to evaluate Teslacoin’s performance. It also allows you to tweak some of the platform’s parameters to match current market conditions.

Fast Withdrawals

Teslacoin is able to process withdrawals in 24 hours. There are no fees for withdrawals and no limits to how much you can withdraw from your account.


Your capital is at risk.

Teslacoin Fees

Teslacoin doesn’t charge any fees for using the platform. You won’t pay an account or membership fee, and there are no deposit or withdrawal fees. Unlike some other crypto robots, Teslacoin does not take a commission on your trades or profits.


Is Teslacoin a Scam?

One of the key questions we want to answer with our Teslacoin review is: Is Teslacoin a scam or legit?

Teslacoin says it offers a crypto trading algorithm that can trade several of the most popular cryptocurrencies automatically. The platform doesn’t provide information about its success rate or past performance. However, Teslacoin is free to use and offers a demo account so you can safely try out the platform for yourself.

Teslacoin doesn’t provide user testimonials on its website, but Teslacoin reviews online are very positive.

Teslacoin Minimum Deposit

Teslacoin requires a minimum deposit of $250 in order to open a new trading account. This money is the initial seed that the algorithm uses to trade on your behalf. If you’re not satisfied with Teslacoin, you are free to withdraw this deposit at any time with no fees.

Teslacoin Customer Support

Teslacoin says that all traders are matched with a dedicated account manager after you join the platform. However, we were not able to verify this claim and Teslacoin does not provide a way to get in touch prior to joining the platform.

How to Use Teslacoin

Ready to give Teslacoin a try? Here’s how you can get started today in just a few simple steps.

Step 1: Sign Up for Teslacoin

Head to Teslacoin’s website and find the registration box at the top of the page to create a new account. Enter your name, email, and phone number, then click Register Now.



Your capital is at risk.

Step 2: Deposit Funds

Teslacoin requires a minimum deposit of $250 to create your account. You can pay by credit card, debit card, bank transfer, or e-wallet. Teslacoin will automatically convert your funds to TES.

Step 3: Demo Trading

It’s a good idea to start using Teslacoin in demo mode before you jump to live trading. You can familiarize yourself with the platform and see how it performs under current market conditions.

Step 4: Live Trading

When you’re ready to start trading cryptocurrencies for real, activate live trading using the toggle in your Teslacoin dashboard. Teslacoin’s algorithm will immediately go to work finding and initiating trades on your behalf.

The Verdict

Teslacoin is a crypto robot that can trade Bitcoin, Ethereum, Ripple, and Cardano automatically on your behalf. This robot is unique in that your funds are converted to TES, giving you exposure to this altcoin while you trade.

The platform is free to use and only requires a minimum deposit of $250 to get started. While Teslacoin doesn’t provide information about its success rate, you can test out the platform’s performance safely using the built-in demo trading mode.

Ready to get started with Teslacoin? Sign up today to trade Bitcoin and more.


Your capital is at risk.


The above content is non-editorial, and BCCL hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content.

Disclaimer: Content Produced by CryptoPR

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