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How do "Credits" work?

How do "Credits" work?

An explanation of how credits work inside Wealthybot.

Updated over 3 weeks ago

Understanding how credits function is essential to using WealthyBot efficiently. This article provides a clear and detailed explanation of what credits are, how they're used, and why they are necessary for automated trading on the platform.


🔍 What Are WealthyBot Credits?

Credits are the internal currency used within the WealthyBot platform to pay performance-based trading fees.

Here’s what you need to know:

  • 1 Credit = $1 USD

  • Credits are not your trading capital and are not stored in your exchange wallet.

  • They are purchased separately and used only to cover WealthyBot’s performance fees when you earn profits.

📌 Note: WealthyBot does not charge monthly fees or access your crypto funds. Instead, it charges a 20% fee only when you profit, and this is paid in credits.


💰 How Are Credits Used?

Profit-Based Performance Fee (20%)

WealthyBot only charges a fee when you close a trade in profit.

📈 Example:

Let’s say you make a profit of $50 on a trade:

  • WealthyBot charges 20% of $50 = $10

  • You must have 10 credits available in your WealthyBot account

  • These 10 credits will be deducted automatically from your balance

If your trade results in no profit, no credits are deducted.


⚠️ What Happens If You Don’t Have Credits?

If you do not have enough credits to cover WealthyBot’s performance fee:

  • The bot will not close the trade, even if it’s profitable

  • The trade will remain open until you add more credits

  • This could potentially lead to missed profits or price reversals

💡 Always keep a buffer of credits in your account to ensure uninterrupted automated trading


🏦 Where Is My Cryptocurrency Held?

WealthyBot does NOT hold or store your funds.

  • All your crypto remains safe in your personal exchange account (e.g., Binance, Coinbase, Kraken)

  • WealthyBot connects through an API to read your balances and execute trades on your behalf

  • It has no access to withdraw funds from your exchange

✅ This structure ensures security and transparency


🛒 How Do I Buy Credits?

Credits can be purchased at:
🔗 https://www.go.wealthybot.io/Credits

  • Minimum purchase: $25 (25 credits)

  • Accepted payments: Bitcoin (BTC) or Litecoin (LTC) only

  • Credits are added to your balance once the transaction is confirmed

📌 Do not deposit investment capital here—only credits.


📊 Why Credits Make Sense

No Monthly Subscriptions – You only pay when you profit
Incentive-Aligned – WealthyBot earns only when you earn
Flat, Transparent Fee – You always know what you’re paying


🧠 Quick Recap

Action

Impact on Credits

Close profitable trade ($100)

20% fee = 20 credits deducted

Close trade at breakeven/loss

0 credits deducted

No credits in your account

Trade will not close in profit

Add credits ($25 min)

Boosts your balance for fees


🙋 Need Help?

If you're unsure how many credits you need or your credits aren’t reflecting properly, please contact support with your transaction ID and account details.

Trade wisely. Prosper consistently.
– The WealthyBot Team

Here is a video on how to purchase credits.

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