- PSA : Your username appears in the leaderboard, so choose wisely!
- I had to contact the BmyBit admin to request a username change (ie: I did not choose wisely). The great news is that I got a super fast response with a solution.
- To test BmyBit, I linked a Bittrex account which only had a tiny amount of Bitcoin. Pay attention to which permissions you give the API key. HINT: Do not enable the "Withdraw" permission.
- I created a PATS/strategy with a mere 0.0067 BTC. The BmyBit system made a number of trades over the next 20-30 minutes, which resulted in a 2.39% profit.
- The BmyBit interface doesn't show you the trades it's placed, but you can check those on your exchange.
- Basically, t's possible to play around with BmyBit with minimal risk. As always, don't play around with more than you're willing to lose.
DISCLOSURE : I've done some work in IT security, but I'm no expert. I've spent a few hours signing up and playing around with BmyBit and the potential risks I perceive at this point are the unknown algorithm used for arbitrage trades and the general reliability of their system.