Robots that trade cryptocurrencies have gained a lot of traction in the industry. These bots provide the perfect trading partners for both experienced and novice traders due to their capacity to automate the trading process. One of the most well-liked cryptocurrency trading bots today is called Crypto Boom.
The software’s creators have high claims for its setup, results, and use case. In order to investigate the tool and verify some of the claims made by its developers, we created this review.
In our Crypto Boom review, we’ll cover everything you need to know about this trading robot and answer the question: Is Crypto Boom reliable or scam robot?
What is Crypto Boom?
Crypto Boom is a cryptocurrency trading bot that seeks to assist users in making money from the market. The bot’s automatic trading technique allows for trading flexibility and ease.
We were unable to locate any details regarding the creators of this robot. However, this has no impact on the software’s functionality. In many ways, having a project with unidentified developers is typical, especially in the blockchain industry. For reasons of privacy, many crypto engineers choose to conceal their identities.
This robot attracted us as a flexible choice. It allows traders to trade over 10 different assets. Investors can use it to purchase cryptocurrencies like Bitcoin (BTC), Ether (ETH), Litecoin (LTC), and others. Because of this, traders have the chance to speculate and make huge profits. The cryptocurrency market is dangerous, therefore you must trade sensibly.
How does Crypto Boom work?
This auto trading robot specializes in applying artificial intelligence and machine learning to help traders benefit from the market as a crypto trading bot. The goal of the bot is to identify market trends, take advantage of them, and place trades on the investor’s behalf. It’s important to note that this trading robot trades cryptocurrency contracts for difference (CFDs) similar to CFD Trader. These financial derivative products provide you the option to buy or sell an asset at a certain price and time, such as Ethereum.
Your trade’s profit or loss is determined by the difference between the asset’s price at the start of the contract and when it ends. Therefore, when using this trading robot, you are trading CFDs rather than actual coins.
The robot uses a network of partner brokers to carry out trades. Some of the most important duties, including trade execution, position size, trade administration, and other responsibilities, are believed to be handled by these brokers.
The automated trading system also functions as a versatile trading robot. This implies that both seasoned traders and newcomers can use it. Beginners can benefit from the automatic trading feature, while experienced traders can specify their parameters using the manual trading feature. We advise using the manual trading tool for safety reasons.
Crypto Boom Features
Payouts
The Crypto Boom website claims that frequent use of this product could result in an ROI of up to 60%. Whatever your level of Bitcoin trading expertise and experience, you can still accomplish this. According to the website, most users double, triple, or even quadruple their initial contributions. However, it should be mentioned that according to our research, the majority of consumers will likely find it challenging to reach this level of earnings.
Verification System
To open an account with the software, you must first submit some basic information, such as your name, phone number, and email address. Then, you must complete a phone call verification (within 30 minutes) and self-activation on the partner broker site to which you will be referred. You will probably be required to provide separate proofs of address and identification before you can use the partner broker website. Please note that all of these procedures adhere to the global AML (Anti-Money Laundering) and CFT (Countering the Financing of Terrorism) regulations’ mandated KYC (Know Your Customer) norms.
Withdrawal Procedure
Some third-party sources led us to conclude that this trading robot does not impose any limitations on platform withdrawals. Using your preferred payment methods, such as a credit card, bank transfer, PayPal, or a few well-known e-wallets like Skrill and others, you can withdraw once every 24 hours. Some reviewers also mentioned that this trading robot had some of the quickest withdrawal turnaround times available.
Fees and Costs
Similar to Bitcoin Optimizer, there are no license fees associated with using the software, according to the Crypto Boom website. Additionally, they don’t charge for deposits or withdrawals. However, a 2 percent commission on any gains made from using the platform must be paid by Bitcoin traders. This payment is split with the underlying brokerage portal.
User Testimonials
On the internet, there are quite a few favorable Crypto Boom reviews. In fact, the product has an average customer rating of 4.5 stars on TrustPilot, one of the most well-known consumer review websites, out of a maximum score of 5. 60 customer reviews for this trading robot are available on the platform, with 60% of them giving it an “Excellent” rating and 40% giving it a “Great” rating.
Customer Service
Its customer support appears to be effective, which is one of the reasons this trading robot has been receiving favorable evaluations. Users have praised the company’s customer service staff for being dependable, sympathetic, and responsive. While the robot’s website provides a “Contact Form” that may be used to ask questions about the product, anyone who needs assistance can also get in touch with the customer support team of the underlying broker.
Affiliated Brokers
According to information on the website, the robot collaborates closely with a variety of reputable brokerage sites that are governed in the UK, US, South Africa, and Australia. To provide a secure trading environment for Bitcoin traders, all of them adhere to strict KYC procedures. The broker to whom you are recommended will vary depending on where you are.
Is Crypto Boom Reliable or a scam robot?
In this review, we have gathered all the facts necessary to demonstrate the reliability of this trading robot. We thoroughly examined the platform and studied user comments to determine the reputation of the robot. See the findings below.
- The numerous verified users who have left good reviews for the trading robot are proof of its excellent reputation.
- The response from both professional reviewers and customers shows that this robot is profitable.
- We tested the robot’s demo versions and confirmed that its AI-based, very precise platforms.
- The website has undergone penetration testing, which demonstrates that it has invested in reliable technologies.
- We have gone over the plethora of procedures put in place by the robot to ensure data safety. This bot uses suitable data security measures.
- We also looked into the ten brokers who are partners with this trading robot and discovered that they are all properly regulated. This indicates that the security of all client funds is ensured.
With trading robots like BitIQT and this trading robot, your chances of financial success are really high. This robot has established itself as one of the best in the field. It is considered the best trading platform in the UK by the majority of experts. More than 150 nations are served by Crypto Boom.
How to start using Crypto Boom?
Step 1- Register
Click “Register” on the Crypto Boom website to get started. Alternatively, fill out the dialogue box with your name, phone number, and email address. To continue, click the “Register Now” option after that you will be forwarded to your profile page after the trading robot connects you with one of its brokers in your area.
Step 2- Use the Demo Account
It’s not necessary to use the Crypto Boom demo account. However, we advise utilizing it as a starting point for your investment journey.
The Crypto Boom demo account would be accessible to all kinds of traders. Beginners can use it to test out this trading robot and get a feel for the account. Advanced traders could test their trading parameters and methods using the demo account.
Step 3- Make a Deposit
Enter your payment information in the “Deposit” area of the bot. Keep in mind that the minimum deposit amount at this trading robot is $250.
You can deposit with the bot using bank transfers, cards, and digital currencies.
Step 4- Trade for real
Following the trading instructions and a demo test, this should be a piece of cake. After browsing the demo, the settings are rather simple.
Since this trading robot executes trades automatically, all you have to do is press the live button. The robot will take care of the rest, updating you via SMS as to its progress.
Why Choose Crypto Boom?
Support for Multiple Assets
This trading robot doesn’t just concentrate on Bitcoin, as its name implies. Support for several assets, such as Litecoin (LTC), EOS, and Ether (ETH), is provided by the cryptocurrency robot. This means that when trying to make money, you are not constrained to using just one coin.
Excellent Performance
Crypto Boom boasts about its amazing fusion of accuracy and quickness. With a 0.01-second advantage over the retail market, the system analyses market trends very quickly. The robot makes trades depending on your criteria using this information to determine when to enter and exit the market.
Demo Account
Everyone can use the demo account provided by Crypto Boom. It allows professional traders to test out their trading techniques while allowing novice traders to become familiar with the software.
Free to Use
The use of Crypto Boom is totally free. There aren’t any fees, and the bot doesn’t deduct anything from your earnings. Every penny you earn with Crypto Boom is yours. Money can be withdrawn in a little amount of time.
Superior Security
For the protection of users and their money, Crypto Boom delivers encryption-level security. Additionally, the platform only employs licensed brokers. The security at Crypto Boom is first-rate.
Emotionless trading
Trading decisions, which may occasionally be very challenging to make during volatile market conditions, can be removed from emotions by the employment of a trading bot like Crypto Boom.
Tips to Maximize Profits using Crypto Boom
Begin small
New users will benefit from small first cryptocurrency market investments, which we refer to as a “little start.” You will have a better understanding of the operation of the automatic bitcoin trading system and any potential risks that might appear on the way. Additionally, you’ll discover how various cryptocurrencies interact, how frequently the crypto-currency market fluctuates, and how your trading transactions are tracked.
Learn more about your asset
If you gain a deeper understanding of your favored asset, you can develop trading techniques that are more successful based on how it has fared through time. On the other side, having insufficient knowledge about the asset you’re trading can make you more vulnerable to trading hazards and even put your money at risk.
Save Some Profits
To maximize the potential of the software, customers are recommended to reinvest at least 70% of their gains, according to the Crypto Boom website. However, we advise you to exercise caution and always withhold a percentage of your profits in order to protect your interests in the long run. Having said that, it can also be helpful to leave a small amount in the trading account, so you don’t pass up any profitable opportunities when they present themselves.
Take your time
Despite the fact that the bitcoin market is getting more competitive every day, you should take your time while making trades. Before you start trading, give your alternatives, objectives, and risks some thought. This is the key to profitable trading. Many people make hasty financial decisions, which is where they typically err the most.
Conclusion
The use of Crypto Boom is completely free, and the company says that many of its users make big earnings from cryptocurrency. Other features include speedy withdrawals. However, bear in mind that if you want to maximize your earnings, you will need to continually fine-tune your trading technique. The trading process is made simpler by the Crypto Boom trading platform, but you still need to contribute. Keep in mind that there is no assurance of success and that all bitcoin investments include risk.
Software may speed up and increase your trading activity when utilized properly, which explains why crypto trading bots like Bitcoin Millionaire, Bitcode AI, and Crypto Boom are constantly gaining new users.
Frequently Asked Questions
Is the Crypto Boom Legitimate?
The Crypto Boom review demonstrates the reliability of the trading platform. The business offers a tonne of features to assist traders profit and collaborates with partner brokers in the cryptocurrency market.
Is Crypto Boom Safe?
According to our study of Crypto Boom, it uses excellent encryption techniques, KYC procedures, and AML procedures to protect you and your money.
What Kind of Profits Can I Expect from the Crypto Boom?
The creators of Crypto Boom assert that by utilizing their platform, you can win up to $1,300 every day. However, how much you’re willing to put into it will determine this.