When searching for easy-to-use cryptocurrency trading bots, you may have come across the name of GoodCrypto. While the app only has a niche following, it seems to boast of all the factors that you may need in your primary cryptocurrency trading app.
This GoodCrypto review helps you determine whether the platform is the right fit for you.
⌛ What is GoodCrypto and How Long Has It Been in Business?
GoodCrypto is a mobile-based cryptocurrency portfolio management and trading platform. Through its iOS and Android apps, it allows you to keep track of your cryptocurrency assets across your exchange accounts, while also letting you buy and sell your digital assets through these markets. This makes it an on-the-go platform that can serve multiple purposes for its users.
GoodCrypto was launched in early 2019. Since its release, the app has continued adding new features and functionalities to its offerings. At the time of writing, some of its top features include real-time market price checks, order executions, automated portfolio management, and live order books. All of these functionalities are carried out through the iOS and Android apps that the platform brings to the table.
In addition to these portfolio management and trading bot features that are available through the app, GoodCrypto also offers a liquidity checker via its website. As suggested by its name, this functionality enables you to determine which exchange has the most liquidity to trade digital assets of your choice.
Most recently, GoodCrypto has also made its portal available through a web app. This can be accessed through the platform’s official website or by directly going to the web app’s link. The interface remains quite basic, but it does emulate the overall feel of traditional apps through its design.
When looking at these overall offerings during your GoodCrypto review, the platform stands out as a strong contender for your primary mobile-based portfolio management and trading platform. But in order to make an informed decision, it is important that you look at other factors that pertain to GoodCrypto.
💡 How Reputable is GoodCrypto?
When it comes to reputation, GoodCrypto holds a mixed-bag on its plate. Despite being operational for 3 years, the platform has not broken through the wider cryptocurrency community. Instead, it remains bubbling under the list of some of the most popular cryptocurrency platforms and apps.
With that being said, the users who have obtained hands-on experience with GoodCrypto seem to swear by its features and benefits. This has led the app to obtain high ratings on both the App Store and Google Play Store, but the number of users who have provided these ratings remains in the hundreds instead of thousands.
This creates a contrast between GoodCrypto and many of its competitors, whether they offer automatic portfolio management or cryptocurrency trading. This also calls for you to give the application a try in order to determine whether it is the right fit for you.
Other than this interesting combination of high ratings and low user ratio, the low activity levels around GoodCrypto on social media channels also works against its reputation. But once again, the limited user following that the platform has on these channels speaks positively of the platform and its offerings.
This speaks highly of the platform but on a limited scale. This creates a curious situation for new users who are out to determine if they can trust the platform without any problems.
👌 Which Exchanges Does GoodCrypto Support?
At the time of writing, GoodCrypto supports over 21 cryptocurrency exchanges. Across these exchanges, you can track your account balances or portfolio, while also being able to execute your orders on their respective markets. This also covers trading bots usage and functionality for supported exchanges.
These exchanges include the following.
Account Sync and Trading
- Binance
- Binance.US
- Bitfinex
- Bitstamp
- Bittrex
- Blockchain.com
- CEX.io
- Coinbase Pro
- Exmo
- Gate.io
- Gemini
- HitBTC
- Huobi
- Indodax
- Kraken
- KuCoin
- Kuna
- Liquid
- OKEx
- Poloniex
- YoBit
Account Sync, Derivatives, and Margin Trading
- Binance Futures
- BitMEX
- Bybit
- FTX
Market Data Support
- bitFlyer
- Bithumb
- Uniswap
- Coinbase Wallet Balance Tracking
This provides you with an extensive list of exchanges that you can use with GoodCrypto. Since the platform offers full support for account tracking and trading for a variety of popular exchanges, it stands out as an easy choice for many cryptocurrency traders with different levels of experience in the segment.
If you don’t have your account with any of these platforms, you can move forward with opening one and trying out GoodCrypto services. So far, this is one of those aspects of GoodCrypto review that does a great job at fulfilling and even surpassing expectations for a lot of potential and existing users.
💰 How Much Does GoodCrypto Cost?
GoodCrypto offers most of its features without any charges. But in order to unlock advanced features or the full slew of the platform’s offerings, you need to pay a monthly subscription fee of $9.99 for the Pro account.
If you want to track your portfolio on the go while also having the ability to make easy trades according to real-time market conditions, then you might want to pay for GoodCrypto. With features such as trailing stops and connected orders on the table, the deal seems like a no-brainer for those who want to unlock the full set of advantages that GoodCrypto offers to its users.
But if you want to see if the app is worth your money and time, you can take it up on its offer for a 14-day trial. This makes it easy for you to make an informed decision about whether you want to dedicate your funds to the platform at all.
You can avail the trial offer through the app itself. That is also where you can subscribe to the monthly offering and avail the features that are only reserved for paid users of the platform.
Overall, this part of the review rules in the favor of the GoodCrypto app due to the functionalities it offers in return for its monthly subscription. But if you are trying to manage and trade your cryptocurrency assets on a budget, you can certainly look for other alternatives.
😎 How Easy to Use is GoodCrypto?
GoodCrypto is fairly easy to use and comfortable to operate, which becomes possible due to its intuitive and modern graphical user interface (GUI). The GUI follows a simple design, while still making it a breeze to switch through different features. At the same time, the design features and data visualization also make it possible for you to grasp information at a moment’s notice.
The app continues to follow this practice in terms of its usability and allows you to utilize different features through simple menus and navigational cues. This includes setting up your trading bots on multiple exchanges, while also reaping the rewards of portfolio management through data visualization and tracking.
This allows you to truly use GoodCrypto as an on-the-go solution for your portfolio management and trading activities. This also holds true for both the iOS and Android apps, ensuring that you can get the same level of comfort regardless of the mobile device that you are using.
However, when it comes to the web app, the GoodCrypto interface remains minimal. The design is a bit clunky, while the overall feel of the web app seems outdated or feels like a work in progress. But given that the platform keeps updating with new features, it is safe to assume that it might rework the web app in the near future. This also makes GoodCrypto lag a little behind traditional trading applications, but still makes it stand on par with competitors who use mobile apps for portfolio management and trading execution.
In this segment of the review, it’s clear that the mobile app has the ability to fulfill all of your expectations. However, when it comes to accessing the app on a desktop, it leaves a lot to be desired.
🛡️ What Kind of Security is Offered?
GoodCrypto offers standard security where it allows you to connect to your exchange accounts by using application programming interface (API) keys. This method of accessing your exchange account information keeps you from sharing your login details such as passwords with the app, and adds to your overall security.
This mechanism is ubiquitous by now. But it still plays a crucial part in strengthening the security of any users who want to keep track of their cryptocurrency accounts or plan to execute trades through them. In turn, this makes GoodCrypto fulfill the industry standard of security and access permissions. Besides, GoodCrypto also explicitly asks its users not to allow withdrawal access through these API keys, which further adds to the platform’s offered security and credibility.
Apart from using API keys to connect with accounts, GoodCrypto also enables you to maintain your security through on-device encryption of API keys as well as user data. Additional security measures also include the encryption of other connections and the company running a bug bounty program to make sure that it can determine any lapses in security before they become a real threat.
When put together, GoodCrypto’s security commitments make it one of the safest apps to use in the portfolio management and trading execution segments. This commitment to user safety thus earns it full marks in this segment of the GoodCrypto review.
👨💻 How Good is GoodCrypto Customer Support?
GoodCrypto customer service uses industry-standard mechanisms that include but are not limited to support tickets, FAQs, and help articles. Since the platform is meant to be used through its mobile apps, this gives you the power to utilize these support features right from your phone.
The support tickets allow you to inform the GoodCrypto team about any issues that you are facing with the usability of the app. The team’s response is swift and usually addresses any problems that you are facing in a timely manner. This gives you a reliable mechanism to resolve your concerns.
You can also use the detailed FAQs to learn about many features and ongoing updates to the GoodCrypto apps and larger platform. These FAQs also serve as a good introductory chapter to acquaint yourself with what GoodCrypto allows you to do with your portfolio management as well as your trading strategies.
When it comes to the help articles, GoodCrypto has a good knowledge base that allows you to learn about key features, functionalities, as well as general industry or trading mechanisms. These articles are great for those who are learning the ropes of managing their crypto portfolio or trading activities.
In addition to this, you can also access the small but dedicated community of GoodCrypto users on social media platforms such as Telegram and Reddit. With that being said, the GoodCrypto app does not have an official Discord channel listed on its website. However, the overall help features make this part of the GoodCrypto review rule in favor of the app for the most part.
💸 How Profitable is GoodCrypto?
GoodCrypto does not claim to earn you a specific amount of money through its trading strategies, which actually makes the platform stand out as a credible entity. It is because the cryptocurrency industry is a volatile market and no management or trading tool can determine how much profit it can make the users on any given day. However, it can still present its tools as being beneficial for such activities, which is exactly what GoodCrypto does for its users.
This practice of not making tall claims gives GoodCrypto significant points in credibility. But that is where you also need to be aware that while GoodCrypto can provide you with the tools to analyze, manage, or automate your buying and selling activities, it cannot ensure surefire profits for you. That is why it is crucial that you never put all your eggs in one basket or trade with money that you cannot afford to lose.
Instead, make sure that the funds that you are using for trading do not comprise your livelihood or your whole paycheck for the month. This ensures that you are able to trade responsibly. If you happen to receive any profits along the way, they add to your wealth. But if you end up losing some money to market fluctuations, at least you are not bidding farewell to your crucial assets or the only liquidity that you may have.
📢 Conclusion
After going through this GoodCrypto review, it is easy to determine that the app is excellent for those who want to manage their trading through easy mechanisms and mobile devices.
If you want to give the platform a try, you can certainly move forward with using the trial offer. This allows you to make an informed decision about using GoodCrypto as your primary or one of your choice portfolio management and trading platforms.