CryptoHero Review

cryptohero-review

Pricing

  • Free plan – free
  • Premium plan – $13.99 a month or $139.99 for the yearly plan
  • Professional plan – $29.99 a month or $299.99 for the yearly plan.

Platform

Website, apps

Customer Service

24/7 live chat, email

Pros

  • Advanced AI Optimization for Trading Strategies
  • Ability to Manage Multiple Accounts Concurrently
  • Simple Backtesting of Trading Strategies
  • Intuitive and User-Friendly Interface
  • No Need for Coding Knowledge
  • Margin Trading Options Available in Terminals

Cons

  • Absence of Advanced Reporting Tools
  • Varied Subscription Fees for Web and Mobile Platforms

CryptoHero Review

CryptoHero emerges as an ideal solution for algorithm traders of all skill levels. It focuses on simplifying and automating cryptocurrency investments to maximize profits. However, the platform currently lacks comprehensive video tutorials to guide users through more advanced trading strategies. An academy for new traders to learn the nuances of automated trading would be a valuable addition. Additionally, users might occasionally encounter display issues with the Web app.

CryptoHero integrates seamlessly with leading cryptocurrency exchanges like Binance and Kraken. Once trading parameters are set, its AI-optimized bots conduct simulations to identify the best market opportunities.

About CryptoHero

Founded in 2020 and headquartered in Singapore, CryptoHero is a multi-platform cryptocurrency bot leveraging AI technology for optimal results. The company’s executive team comprises crypto experts with extensive experience in financial markets. The trading bot, designed by experienced fund managers with over 20 years in trading cryptocurrencies and other markets, offers flexibility and deep market insight, making it a compelling choice for algorithm traders at all levels.

Who Should Use?

CryptoHero is particularly suitable for individuals keen on learning about cryptocurrencies but are pressed for time, as well as beginner traders who lack the time for extensive trade research.

Is CryptoHero Safe?

Although relatively new, CryptoHero is backed by the Novum Collection, a substantial blockchain conglomerate active in hedge funds, media, and technology. This backing has helped it gain popularity among international traders. CryptoHero operates under the regulation of top cryptocurrency exchanges and offers basic services for free to its users, ensuring a safe and reliable trading environment.

CryptoHero Platform & Features

Security

CryptoHero prioritizes security by employing application programming interface (API) keys and hosting its software on a secure HTTPS protocol. This approach ensures secure account verification during bot setup. By using API keys, CryptoHero allows users to safely grant access to their exchange accounts without sharing passwords.

Backtesting

CryptoHero offers a backtesting feature, enabling users to evaluate their bots against historical market data. This helps in understanding how a trading strategy might have performed in past market conditions.

Trading Options

CryptoHero supports a range of trading options. Users can link their existing trading accounts, select a subscription level, and configure bot settings. CryptoHero currently interfaces with exchanges like Kraken, FTX, Binance, Gate IO, Bittrex, Okex, Bitfinex, Huobi, Coinbase Pro, and Kucoin. After setting trade parameters, AI-optimized bots perform simulations to help users identify the most effective strategies, which can be duplicated for future use.

Technical Indicators

The platform offers various technical indicators for strategizing entry and exit points. These indicators include:

  • Bollinger Bands (BB): Useful for gauging security’s strength or volatility.
  • Exponential Moving Average (EMA): Helpful in identifying both short-term and long-term trends.
  • Relative Strength Index (RSI): Assesses the speed and magnitude of price movements, with applications in multiple exchange support transactions.
  • Stochastic RSI (SRSI): Focuses on evaluating an asset’s value rather than its raw price.

Paper Trading

CryptoHero’s paper trading feature enables users to simulate trades and market conditions without risking real cryptocurrencies. This risk-free approach is ideal for testing bots before live deployment.

Long and Short Strategy

Depending on whether you’re a long-term or short-term trader, CryptoHero offers strategies to suit your goals. For immediate results, the short strategy analyzes the market and makes quick decisions, while the long strategy takes a more patient approach, scouting the market for optimal opportunities.

How to Open an Account?

Setting up an account with CryptoHero is straightforward and can be completed in just a few minutes:

  1. Visit the CryptoHero website at Cryptohero.ai.
  2. Click on the “Free Signup” button located in the top right corner.
  3. Fill out the registration form with your email address and create a secure password.
  4. After submitting the form, you will receive a confirmation email to verify your account.
  5. Once verified, you can log in and start using the service immediately.

In Conclusion

CryptoHero, established in 2020, is a cloud-based cryptocurrency trading bot that operates through a web browser interface. Based in Singapore, this automated system is designed to be simple, intuitive, and user-friendly.

What distinguishes CryptoHero is its remarkable user-friendliness, catering to traders at all levels of experience. It provides an easy and efficient platform for both newcomers exploring cryptocurrency trading and seasoned traders leveraging their industry expertise.

A notable feature of CryptoHero is its cloud-based infrastructure, which forgoes the need for downloading additional software. Users can easily access its full range of capabilities via modern web browsers on various desktop and laptop devices.

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