When it comes to automated cryptocurrency trading, more than a handful of solutions immediately cross your mind. But even though these names are popular, they often run short of the simplicity or ease of use that you may desire out of your ideal crypto trading bot.
In such instances, you may yearn for a bot that cuts through the clutter and delivers functionalities that you actually want to use on a regular basis.
That is exactly what Cryptoblizz brings to the table. To see what this automated bot has in store for you, here’s a Cryptoblizz review of the features, benefits, and overall value proposition.
What is Cryptoblizz and How Long Has It Been in Business?
Based out of The Netherlands, Cryptoblizz has been in business since early 2018. As a crypto bot, the solution allows you to connect to different reputable exchanges to automate your digital asset trading.
Cryptoblizz is designed for trading novices and pros alike, where the solution lets you choose from a self-hosted or a cloud-hosted solution right from the start. In addition to this flexibility, it also offers various trading strategies that are configurable and adjustable.
To help beginners, the tool offers a detailed help section and an intuitive graphical user interface (GUI). To cater to seasoned traders, the bot delivers the ability to create custom strategies.
With that being said, Cryptoblizz simplifies the trading indicator settings by intention. According to the Cryptoblizz team, this has been done to make the bot easy to set up and simple to use on a consistent basis. As a result, the bot doesn’t have intricate indicators under its belt.
Instead, it operates on basic yet popular indications. To make up to professional traders for this simplified approach, the bot lets them create their own strategies using triggers.
Cryptoblizz also offers a backtesting facility that allows its users to check their strategies using past data. It also offers paper trading, which provides a simulation of real-time trading. These features deliver a good point of reference for those who want to verify their strategies before putting them in action.
How Reputable is Cryptoblizz?
While Cryptoblizz went operational in early 2018, it still has relatively low buzz as compared to many of its competitors that were launched around the same time or even afterwards. With that being said, those who have used the solution seem to swear by it, especially for its simplified approach to automated trading.
These reviews seem to come from mostly novice traders, who have found the Cryptoblizz bot to be the exact solution that they needed to learn trading under a friendly digital environment. This is possible due to features such as backtesting, which lets the tool provide its users with a safe way to test their strategy – without losing their funds on buying or selling digital assets the wrong way.
A few professionals who have tried and tested similar strategies in other trading programs also have positive things to say about Cryptoblizz. Since the program allows users to create their own strategies, the feature strikes a chord with those who have sufficient knowledge about cryptocurrency trading.
Which Exchanges Does Cryptoblizz Support?
Cryptoblizz supports four major exchanges that include:
Cryptoblizz also allows you to trade over 800 crypto pairs, which include all cryptocurrencies supported by these exchanges.
This means that in order to use Cryptoblizz, you just need to have a valid and verified account on either of these platforms. As long as you fulfill this requirement and have some funds in your exchange’s wallet, you can connect Cryptoblizz to your account without any issues.
How Much Does Cryptoblizz Cost?
Cryptoblizz has two different plans for its customers. These plans differ in terms of their setup mechanism, where one offers a self-hosted solution while the other is able to operate through a cloud-hosting service.
Cryptoblizz Self-Hosted
As suggested by its name, this offering comes with a self-hosted mechanism. This requires you to run the bot from one of your own machines. As long as your installed server is running, the program continues to work with unlimited trading bots as well as free support and documentation. This offering is available for $145 per year.
Cryptoblizz Cloud Access
This version of Cryptoblizz comes with a cloud installation. This means that you don’t have to spend any amount on setting up a different private server to run your cryptocurrency bot. This offering is also capable of creating unlimited trading bots while providing support and documentation without any additional cost. This mechanism is available for $195 per year.
This simplifies Cryptoblizz’s offerings in comparison to many other bots. However, the value proposition of free support and documentation doesn’t hold much weight, because nearly all other bot services already include free support and documentation with their usual pricing. The lack of a monthly subscription plan can also push a few users about making a year-long commitment right off the bat.
These particular shortcomings can be argued with how the bot provides its user with over 20 possible actions such as buy, sell, stop-loss, and take-profit. For reference, this also includes basic actions such as recreate orders and send notifications. The availability of backtesting and paper trading also add to Cryptobizz’s value.
Cryptoblizz doesn’t have a trial offer, which means that in order to see its offerings in action, you need to subscribe to the program first.
How Easy to Use is Cryptoblizz?
Cryptoblizz has a simple and easy to use GUI that easily stands out as one of the most valuable points of its offering.
The interface is designed in a way where all critical options are swiftly accessible and trading actions can be taken with a few clicks. The terms that are utilized across the interface are also simple to understand and don’t throw off users with the use of complex jargons.
This makes Cryptoblizz ideal for novice users who are still learning the ropes of automated cryptocurrency trading. Through a user-friendly interface and features, they can navigate their way through the learning curve without any problems.
At the same time, the availability of various strategies and the program’s custom strategy builder works quite well for experienced crypto traders. While Cryptoblizz steers clear of adding a ton of strategies to its application by choice, the available strategies and indicators can still appeal to those traders who want to keep their bots straightforward and easy to use.
What Kind of Security is Offered?
Cryptoblizz offers standard security that is usually expected out of reputable cryptocurrency bots.
This includes running the website with encrypted user information through HTTPS; managing the cloud-hosted version on a secure server from DigitalOcean VPS; and connecting to the respective exchanges using application programming interface (API) keys.
While the HTTPS and secure-server requirements pertain to the program itself, the API keys are focused on connectivity with the related exchanges. Through this feature, you don’t have to share your exchange account’s username or password with the Cryptoblizz program. Instead, you can let the application’s backend connect with your exchange account through API permissions.
When you select “Trading Only” permission on API keys, this makes sure that the bot cannot take any funds out of your exchange account or transfer them into another wallet. Instead, it ensures that your exchange account’s balance is only used for buying and selling cryptocurrency on the respective platform itself.
When put together, these features collectively make up for a secure offering. However, the lack of multi-factor authentication (MFA) puts Cryptoblizz’s security mechanism behind many other competitors.
How Good is Cryptoblizz Customer Support?
Cryptoblizz’s customer support doesn’t have live chat or call options, which puts a question mark on the helpfulness of its support. However, it does have a detailed FAQ section, related videos on how to use the program, and expanded documentation on the application’s features and functionalities.
This makes Cryptoblizz’s customer support stand in the middle between those crypto bot platforms that go above and beyond with their customer service, and those solutions that do not have proper ticketing or help sections in place.
Overall, Cryptoblizz’s customer support is sufficient enough to provide you with necessary help whenever you are in need of it.
How Profitable is Cryptoblizz?
Following the tracks of almost all renowned bots, Cryptoblizz doesn’t make any specific claims of profitability for its users. While the bot does say that careful use of its strategies in combination with many other factors can generate profit, it never states a specific percentage for its success rate.
This may seem like a vague way to make a sales pitch, but it is actually quite fair. Due to cryptocurrency’s market volatility and the various factors that tug the assets’ value up or down, it can never be said how much profit you can make through manual or automated trading. You always need to keep an eye on the latest progress in order to make an assessment in that regard.
Due to this reason, using Cryptoblizz’s offerings doesn’t guarantee a profit. However, it does come with the support you need for generating income from cryptocurrency trading.
Conclusion
Overall, Cryptoblizz offers an impressive solution that stands out of the crowd of crypto bots with convoluted offerings and difficult to use features.
With its intuitive interface and simplified approach to trading, the solution can appeal to novice cryptocurrency users looking for an easy program as well as seasoned traders searching for a straightforward solution.
Since Cryptoblizz doesn’t offer any trial, you can go through the tour and documentation sections to learn more about it. This way, you can ensure to do your due diligence before you move forward with buying the subscription for a year.