CryptoHero features 24/7 automated trading and allows traders to backtest their strategies before running them in the real market. The marketplace has a range of algorithms from which traders can select pre-tested systems. The platform aims to keep your data secure by keeping sensitive information under privacy. To determine if the service can be profitable for traders, we will be going through its marketplace, FAQs, and pricing section in our review.
Some unique tools and features of CryptoHero bots include:
- Trading app
A trading application is available for both Android and Apple.
- Coding experience
Traders do not require any coding experience beforehand. There is no need to write any line of code.
The robot can be backtested before running on a live account.
Traders can purchase ready-made algorithms from the marketplace.
Verdict: a system that can run using multiple strategies on different coins.
How to start with CryptoHero?
To start trading with CryptoHero, traders need to follow the steps mentioned below:
- Signup on the platform and purchase one of the plans
- Connect your exchange with the help of an API key
- Select an algorithm for trading from the platform
CryptoHero offers three plans, i.e., basic for free, premium for $13.99, and professional for $29.99.
1 active bot with risk-free paper trading and unlimited exchanges.
Includes everything in the basic plan with a total of 15 bots.
A total of 30 bots with 5-minute trading frequency and custom backtest period.
Minimum first-time deposit requirement
The platform will give an error if your order size does not cover the account balance. Your portfolio size should cover the minimum base and extra order volume.
The developers recommend using 15 USDT to 20 USDT as the minimum account balance to trade.
The platform cannot withdraw funds from your exchange. Traders can cash out from their brokers whenever they require.
What about subscription fees and commissions?
CryptoHero charges a 30% platform fee which is deducted automatically for bots placed for sale on the marketplace. A minimum of 20 UST must be available in the account to qualify for the cashout.
There is only a single review present on TrustPilot for Cryptohero where the trader states that the user interface is stable.
Mr. Christopher Low is the founder of the platform who claims to be a successful entrepreneur. The service is backed by Novum group and has its headquarters situated at 80 Raffles Place, UOB Plaza, #33-00, Singapore 048624.
What exchanges does CryptoHero support?
CryptoHero bots support trading on the following exchanges:
- and more
Is CryptoHero secure?
CryptoHero uses API keys to connect to respective exchanges. They are not clear on the security factor. They do not state if the API keys are ready only or can withdraw funds from the exchange.
Is it a regulated crypto trading platform?
The platform only offers crypto bots for traders and therefore does not require any regulation from financial institutions.
How does CryptoHero work?
Traders can choose from a variety of crypto bots available online. They have set the trading parameters such as order limit and size and set up the exit/entry conditions based on their strategy. The algorithm will then use the coded information to trade the funds on your exchange.