Smart Crypto Bot runs on the web, so you are not required to install any software on your computer or phone. It offers users an opportunity to earn money while relaxing, working, or even sleeping. It also gets rid of emotional trading, which could cost you a lot of money especially in the highly volatile environment that is the crypto market.
Smart Crypto Bot is an advanced automated bot that trades the crypto market. Once you set it up, it will begin trading by constantly monitoring the market for opportunities that could improve your financial standing. Moreover, the software will handle loss management utilizing stop-loss, trailing stop-loss, and other strategies based on your configuration.
Below are some of the features the system offers:
Multiple strategies are integrated to help traders get the most out of the crypto market. As per the devs, the strategies are based on a trading algorithm created by traders for traders.
- Portfolio management
A dashboard is provided to aid you in managing all your orders within the platform.
The platform has a wide-ranging catalog of charts illustrating track averages, amount of positive coins, etc.
Verdict: a bot that seeks to simplify your trading
How to start with Smart Crypto Bot?
The registration process is very simple. Just visit the bot’s official website and click on the ‘register’ icon situated on the right top corner of the page. Fill in your name, email, and password. A confirmation link will be sent to your inbox, and once you verify your email address, you can begin using Smart Crypto Bot.
Smart Crypto Bot pricing
The platform sells each bot at €10 per month and charges a 0.15% fee per trade. In return, you also receive 24/7 activity and high-level support.
Minimum first-time deposit requirement
Smart Crypto Bot has no minimum deposit requirement. It will just make do with whatever amount you supply it with. For instance, if you deposit $5000 and you are placing $20 positions, it will purchase $5000/$20=250 positions. However, the recommendation is to use an amount that doesn’t allow you to place more than 50 positions, so your browser won’t burn.
You cannot directly withdraw money from this bot as it doesn’t store your assets. So, the withdrawal process can only be completed through Binance or Gate.io. Just login to your preferred exchange account, locate the wallet, find the coin you want to transfer, and choose ‘Withdraw.’
What about subscription fees and commissions?
As earlier stated, the bot asks users to pay a 0.15% fee per trade. You will also incur a small fee as you transact through exchanges. The devs advise that you use the Binance Coin (BNB) to pay fees so as to decrease the cost of using the Binance exchange.
Smart Crypto Bot review: user interface
The devs have created an easy to use platform that doesn’t involve complicated terminology. The interface is intuitive, and you can easily navigate through it and learn more about the bot. A TradingView is also integrated to make the life of the user much easier and provide an optimal chart experience.
Smart Crypto Bot currently lacks customer reviews. The bot is relatively new and has not built a reputation for itself yet. Therefore, it is highly likely that traders aren’t aware of its existence.
Smart Crypto Bot team
The team behind this system is said to comprise a small number of developers and traders who live in the Netherlands. Their goal is to give traders in the crypto market the ultimate automated trading experience. Even then, we are not introduced to any of the professionals for us to gauge their competency levels.
What exchanges and brokers does Smart Crypto Bot support?
For now, the bot is only working with Binance and Gate.io. There are plans to add more exchanges on the platform in the future.
The devs have not revealed the languages the bot works with.
Is Smart Crypto Bot secure?
Smart Crypto Bot is fairly secure. This is because it allows traders to interact with the two exchanges through API keys. Therefore, no one can access the funds in your account unless you employ sloppy security measures. The platform also requires you to enable 2FA before you log in to your account. This serves to augment your security and reduce the risk of hackers attempting to access your account.
Is it a regulated crypto trading platform?
This bot, like most in the crypto space, is generally unregulated. Therefore, any fraudulent or illegal activity occurring on the platform may go unaddressed. You could lose your money, and nothing will be done about it.