CryptoHero is software for crypto transactions that assures complete automation. You can create the bot quickly, run, and manage it efficiently from any place and at any time. The vendor assures that you can manage more than one account on the supported exchanges. About 16 exchanges are supported by the bot which also boasts a crypto trader community active on the Telegram Channel of the company. With free and paid plans the service strives to provide effective features that help you to achieve better returns.
How does this crypto bot work?
As per the vendor, this system is cloud-based software. It places trades round the clock on the supported exchanges. The software is set to trade through your account on the exchange with the help of API keys. One of the safety factors in this service is that you need not deposit funds here.
Getting started with CryptoHero
A quick beginner guide is found for the bot on the official site. Here are the steps to start using the bot:
- Begin by connecting to your exchange or you can start with a simulated account.
- After connecting to an exchange, you can select the appropriate crypto coin from the list provided.
- The bot will access your account balance and decide on the amount to use.
- You can set the funds allocation and handling of the funds.
- A different set of rules are present for order entries and exits. While some may prefer BB entry and EMA exits, some set many and/or settings for using multiple indicators.
- You can select the backtesting strategy on different time frames to assure a viable strategy.
Company information
The crypto bot is promoted by the Novum Group, which is a big blockchain group of companies. The firm specializes in media, hedge funds, and technology. Christopher Low is the founder of the company. He has built many successful companies. The firm is based in Singapore and has offices in Vietnam, USA, and Switzerland. A location address in Singapore is provided by the vendor.
Features of CryptoHero
Some of the significant features of this crypto bot are:
Automated trading
The service offers completely automated trading. You need not do any manual intervention as the bot takes care of the process fully.
Backtesting
To test the viability of the strategy, backtesting is a vital tool. This software allows backtesting in 6 various timeframes.
Multiple supported exchanges
The service supports 16 exchanges including Binance, Bittrex, TradeStations, and Mandala. As per the vendor, the number is constantly increasing. To allow access to your exchange, you need to assign Trade and View balance permissions for your API key.
Paper trading
To allow users to test the bot, the simulated format is present. You can start with a balance of 10,000 USDT. It also supports BTC and ETH.
Strategies of CryptoHero
The platform uses long and short-term approaches. While the bot supports both methods, it can be set up in one strategy only. You need to use another bot with similar settings for trading in the two directions.
Pricing, fees, and commissions
A free basic plan is present. Paid plans of the company include a Premium package costing $11.6/month for the annual plan and the Professional plan that costs $24.99/month when paid annually. The features you get include active bots ranging from 1 to 40 as per the plan, long and short approaches, optimized bots, copy the bots, trading frequency, backtesting, and more.
Deposit requirements
It does not support deposits as all your funds are held in your exchange account
What exchanges does CryptoHero support?
The main exchanges this system is compatible with are:
- Tokocrypto
- Bittrex
- Binance
- Coinbase Pro
- Bitfinex
- Mandala
- FTX
- Huobi
- Kraken
- KuCoin
- Crypto.com
- Okex
- Gate.io
- Binance US
- Trade Station
- Indodax
What languages does CryptoHero support in their product?
The company supports English and Bahasa Indonesia languages at present, as per the vendor.
Can you really make money with this bot?
From the strategies and technical indicators, the system uses we find the performance can be effective. Tracking of your account on more than one exchange, the ability to use a simulated account, and multiple exchanges make this system a profitable opportunity.
Advantages of CryptoHero
- Extensive features
- Free trial
- Multiple exchanges
Disadvantages of CryptoHero
- No info on the security methods used
- Does not support many cryptocoins
Customer support
For support, an online form, email address, WhatsApp link, and Telegram group are present.
Who is the CryptoHero suitable for?
Due to the simple interface and affordable pricing plans, we find the service is ideal for newbies. Further, the presence of simulated trading and free trial also makes it a favorite among beginners.
CryptoHero summary: is it worth going for it?
CryptoHero offers efficient features designed to make your crypto venture successful. With several exchanges, affordable pricing, and free trial offer, the software is ideal for beginners. Professional traders will like the multiple approaches, backtesting, and other features appealing.
