CryptoHero is a trading bot that offers to handle trades for you. It comes with many technical indicators that assist users to enter and exit trades automatically. You don’t need coding skills to create and run the bot, as it is configured with a visual interface that uses simple rules known to common traders.
About CryptoHero
CryptoHero is described as an automated bot that trades crypto assets on exchanges round the clock utilizing API. The app is presently available on iOS, Web, and Android.
CryptoHero crypto trading bot: how does it work?
CryptoHero essentially automates your crypto trades 24/7, so you don’t need to spend your time assessing the market and making trading decisions manually. The software helps you to create a bot within a few minutes, run, and manage it any place, anytime.
How to set up CryptoHero
You can install CryptoHero and get your first bot running in just a few simple steps. First, link your supported exchange or apply a simulated paper trading account. Then, choose the preferred trading coin from the exchange. If you want to work with a long strategy, a quoted currency like the USDT is required. For a short strategy, a base currency such as BTC is necessary. Lastly, the bot will show you the balance you have in your exchange, so you can decide what balance to allot to the system and determine how it handles the fund here.
Key takeaways
The software comes with the following features:
- Trade parameters
- Backtest strategies
- AI optimized bots
- Entry and exit conditions
- Simulated paper trading
- Technical indicators
- Multiple exchange integration
User interface
CryptoHero simplifies the user experience by ensuring that anyone can utilize it without much hassle. The devs describe some of the bots’ settings to assist traders set them up effortlessly. The purchase experience is also short and uncomplicated. Furthermore, you can learn a lot by just perusing the interface before using the bot.
Trading strategy behind CryptoHero
The platform makes it possible for customers to engage in both bull and bear markets utilizing short and long strategies. CryptoHero bots can work in both directions, but a single bot is configured to work in one. Therefore, if you want to trade in both directions with similar settings, it is advisable you use another bot.
How profitable is CryptoHero?
CryptoHero does not provide any assurance that its bots will perform lucratively or in accordance with your expectations. This can be attributed to the uncertainty that surrounds the crypto market. The values of coins normally rise and fall very quickly such that what worked previously may fail to work at the present moment.
Safety and security of CryptoHero
The measures that the vendor has taken to secure CryptoHero are in line with the fundamentals of the industry’s standards. For instance, it stores all information you provide on secure servers and depends on API keys to withdraw assets from exchanges. The support for backend access to your accounts ensures that your passwords are never compromised.
Customer support
As to the customer support offered, expect to find some of the conventional support service options like a Telegram group, email, WhatsApp, Facebook messenger, LinkedIn, Medium, and Twitter. A member of the support team is ever ready to assist you whenever you reach out to them through any of these platforms.
Reputation
CryptoHero sticks out for being both handy and price-friendly, making it an attractive option for new traders looking to profit from the market without risking a lot of money. Unfortunately, there are no credible testimonials on Trustpilot that can provide more insight into the kind of experiences traders have with this platform. Rather, a few reviews are showcased on its website, possibly handpicked to portray the product in a positive light.
Team members
The Novum Group is responsible for creating this bot. The group is a big blockchain consisting of companies that operate in the media, hedge fund, and technology industries. The main face behind the blockchain is Mr. Christopher Low, a supposed successful serial entrepreneur who has created many successful companies. CryptoHero is headquartered in Singapore but has branches in Vietnam, Switzerland, and the USA.
Exchange compatibility
Here is a list of the exchanges that are compatible with CryptoHero:
- Binance
- Huobi
- Coinbase Pro
- Bittrex
- Kraken
- Okex
- Tokocrypto
- Gate.io
- Bitfinex
- FTX
- KuCoin
- Binance.US
- Indodax
- Mandala
- Crypto.com
- TradeStation
CryptoHero pricing: is it worth your money?
CryptoHero offers the basic plan at zero dollars and the premium plan at $13.99 monthly or $139.99 annually. The features included in the first option are: 1 active bot, AI optimized bots, long & short strategies, all technical indicators, and 1 connected exchange. The second package provides you access to 15 active bots and 3 connected exchanges, in addition to the other features available in the basic plan.
CryptoHero review: upsides and downsides
| Upsides | Downsides |
| Affordable pricing | The many features can be confusing for newbies |
| Offers both short and long strategies | |
| Optimized bots are present | |
| Popular exchanges are integrated |
CryptoHero: final remarks
CryptoHero offers a simple way for users to automate their crypto trading activities at no cost or at a very small fee. It also satisfies the needs of both short and long traders by enabling them to trade the bull and bear markets. However, the platform might be a bit confusing for new traders to decide what bots can help generate the best outcomes.
