The Smart Crypto Bot is fully automatic, and it includes several functions and strategies for trading in the cryptocurrency market. The developer claims that the EA uses loss prevention techniques to reduce the risk of losing money and can be used anywhere. The platform allows traders to manage their positions and place orders manually if required. This review will explain the working, set up, pricing plans, and much more about the Smart Crypto Bot.
First Smart Crypto Bot quick summary
|Easy to use platform||Compatible with only three exchanges|
|No system requirement; the bot can be used on the web||The developer does not provide a demo account or trial version|
|It has only one subscription plan with a fee of 0.15% in every trade|
|There are no customer reviews for this bot|
|Ease of Investment:||3/5|
What is a Smart Crypto Bot?
The Smart Crypto Bot is a fully automated algorithm that trades cryptocurrency according to the parameters set by the trader. Investors can trade with several strategies such as Bollinger Bands, Relative Strength Index, 3x EMA Crossover, Auto Close, etc. It is also possible to only implement triggers and indicators for manual executions.
How does a Smart Crypto Bot generate profits?
The platform provides traders with more than ten indicators, triggers, and 1200+ trading pairs for making profits. The loss prevention techniques are used to minimize losses like stop-loss and emergency sell.
The charting section is where you can see the data and perform actions based on the predefined conditions. It is interesting to note that the developer does not promise any profitability with using this algorithm. It depends solely on the market conditions and parameters set by the investor.
Safety and security
The Smart Crypto Bot uses API keys as a safety measure for traders’ funds. Whitelisting is required to secure transactions and restrict actions on your keys to avoid third-party interference.
How Smart Crypto Bot pricing works
Smart Crypto Bot only offers one subscription plan for 10 Euros/month. There is no free trial for this bot, and a license is mandatory for running it. The developer does not have a money-back guarantee.
The Smart Crypto Bot currently supports only three cryptocurrency exchanges, with Binance as a primary broker. Traders can connect their portfolios with the algorithm. Following are the available exchanges:
How long has Smart Crypto Bot been in business?
The company is located in the Netherlands with a small team of developers and traders. There isn’t any information about the employees, CEO, year of foundation, etc. The lack of these details raises a red flag about the authenticity of the service.
How to get started with a Smart Crypto Bot?
To get started with a Smart Crypto Bot, traders can follow these given steps:
- Create a Binance account and the API keys
- Enable spot and margin trading on the exchange
- Sign up on the Smart Crypto Bot and select the base currency. e.g., BTC, ETH, USDT, etc.
- Enter API key, click continue and run your bot
There are a few options to reach customer service, i.e., a fill-in form and an email. The company claims to respond within 24 hours via email. The platform does not support live chat or a phone number.
The Smart Crypto Bot provides multiple options for traders to automate their crypto trading. The developer has not provided backtesting records of the bots, and the success of these algorithms in the market is unclear. The platform offers only one subscription plan, and the lack of vendor transparency raises concerns about the authenticity of the platform.