Cryptocurrency trading is one of the volatile industries; the market changes within seconds. For this reason, it is advisable to study the industry well, watch tutorials, and practice often to understand how different rules and strategies work. However, people think it is easy to make money; thus, very few are willing to spend their time studying and practicing before making the actual investments. Cryptocurrency trading bots offer a solution to this problem. These are AI automated system that, when authorized by the account owner, check the market and select the most profitable cryptocurrency asset and tokens, picks the best rule and strategy, and then makes investments in place of the human trader. Among the phenomenal cryptocurrency trading, bots is Crypto Boom.
Crypto Boom
Crypto Boom is an automated trading robot designed to help cryptocurrency traders maximize their profits while minimizing losses. Its automated nature fosters flexibility, accuracy, and security while trading cryptocurrency tokens and assets. This trading bot’s design is based on a machine learning concept and several complex algorithms to enhance accuracy when evaluating the market for the most profitable investment opportunities. The bot’s minimum deposit is $ 250 – this is relatively high compared to other bots such as Pionex and thus might be favorable for traders working with a limited budget. Some of the supported cryptocurrencies include; BTC, BNB, ETH, NEO, BTG, ZEC, LTC, DASH, XRP, EOS, and ADA, among others. The bot, however, does not have a mobile app, meaning you can only use the web version.
Main features of Crypto Boom
Assistance and Autonomy
Different cryptocurrency trading bots are designed for different traders. It would be really painful to spend money only to find out it does not support the exchange platform you wanted to use or its features do not meet your needs. Crypto Boom is flexible and easy to customize; this makes it easy to configure the bot to fit your needs. This feature also favors most beginners as most of them are, in most cases, not sure about their interests. In such a situation, they are offered a chance to check different features and settings to determine the one that best suits their needs. This app also has autonomy and assistance levels, making it easy to use and seek help if one feels stuck or lost or needs some elaboration. Not forgetting that users are availed with sufficient information to ensure they make the right decisions before investing.
Top rated technology
The algorithms and software used in designing and developing a cryptocurrency trading bot are used to evaluate whether it is intuitive and secure. Crypto Boom is a software system designed on layers of network protocols and implements complex algorithms. This increases the safety of this bot and boosts its accuracy; the chances of making wrong predictions are greatly reduced. The app provides direct access to the available assets; this way, traders can study the market and evaluate it before settling on a particular cryptocurrency asset for investment. Not forgetting the free demo account that gives room for practice and trying out different rules that can be implemented in a trade.
Opening a Crypto Boom account and starting to trade
Crypto Boom is a trading platform and bot that is open to anybody. No restrictions exist on who can operate an account, and no skills are required. It is favorable for both newbies and experienced traders. The app has tutorials to guide beginners in navigating it and how to customize the bot to meet their requirements. Some of the steps involved in setting up an account include:
Step one: Set up a free account
There are very few easy steps involved in setting up an account. All that is required is for you to provide your details, such as your full name, date of birth, country, nationality, physical address, phone number, and email address. Crypto Boom does not charge fees for setting up an account; be careful not to fall into the traps of fraudsters asking for a registration fee. At this stage, you must also provide identity proof and participate in an authentication process.
Step two: Add funds
Once the account has been verified, the trader is free to add funds. This is the money that they will use to purchase cryptocurrency assets and tokens. The minimum deposit for this trading platform is $250; it is important to note that there are no commissions or deposit/ withdrawal fees.
Step three: Start trading.
You are ready to start trading with a verified account with funds. For a beginner, it is advisable to first use the demo mode to understand how different strategies and rules impact trades.
