With its free-to-use solution, Smart Crypto Bot has started to generate some buzz among those traders who are always on the lookout for new trading solutions. But given that the platform is relatively unknown, you might be wondering if the free-of-charge offering actually works or remains too good to be true.
This Smart Crypto Bot review helps you get a detailed answer to your pressing inquiries about the platform.
⌛ What is Smart Crypto Bot and How Long Has It Been in Business?
Established in late 2020, Smart Crypto Bot stays true to its name and operates as an automated cryptocurrency trading platform. Through its services, the solution makes it easier for you to buy and sell the cryptocurrency across multiple exchanges, but without extensive manual intervention. Instead, you can simply set up the bots to be in line with your preferences and have them make trades for you according to market conditions.
Smart Crypto Bot allows you to make your own strategies that are based on different types of bots that the platform brings to the table. This puts strategy customization front and center of the value proposition of Smart Crypto Bot. It also makes the platform ideal for advanced traders who know exactly the type of strategies that they want to execute and who have the know-how about automated trading.
In order to fulfill these objectives, Smart Crypto Bot offers an advanced strategy builder to its users. Through this program, traders can build their strategies based on factors including but not limited to order types, triggers, and market conditions. This caters to traders who have experience with using cryptocurrency trading bots in the past or who do not mind going through a significant learning process to achieve their trading goals.
This section of the Smart Crypto Bot review gives you an overview of the platform’s services. But in order to determine whether the solution is the right fit for you, you need to look into other aspects of the trading bot.
💡 How Reputable is Smart Crypto Bot?
At the time of writing, Smart Crypto Bot has spent over 2 years in the cryptocurrency industry. But the platform has not obtained significant traction in the segment. For better or for worse, this has kept Smart Crypto Bot free from gaining any negative reviews over the web as well.
With that being said, this also means that Smart Crypto Bot has little to no expert feedback that could provide you with detailed insight through diverse perspectives. While our review tries to fill that void, it remains among a handful of expert accounts that try to peel off the layers of Smart Crypto Bot’s value proposition.
Smart Crypto Bot also does not have any user reviews. On forums such as Reddit and BitcoinTalk, the platform holds little to no presence, to the point where it becomes next to impossible to find any user account that mentions this service. This casts a shadow on Smart Crypto Bot’s reputation and outlines that it has a long way to go in order to make its solutions known in the cryptocurrency community.
👌 Which Exchanges Does Smart Crypto Bot Support?
At the time of writing, Smart Crypto Bot supports a total of 5 exchanges.
Binance
Consistently ranked as the largest cryptocurrency exchange in the world by trading volume, Binance needs no introduction. Listed as a partner on Smart Crypto Bot’s website, Binance works as an integrated exchange for the trading bot solution.
Gate.io
Gate.io is yet another popular cryptocurrency exchange that is listed as one of Smart Crypto Bot’s partners. The exchange is also integrated into the trading bot solution, which makes it easier to connect for any traders who use it as their primary way to buy and sell cryptocurrency.
Bybit
Bybit is also listed as a partner on Smart Crypto Bot’s list of supported cryptocurrency exchanges. Similar to the other two exchanges listed above, Bybit is also integrated into the trading bot solution’s user interface (UI). This makes the process of connecting to the platform quite an easy task.
KuCoin
While KuCoin is known as one of the biggest cryptocurrency exchanges in the world, it is not listed as a partner for Smart Crypto Bot. With that being said, it is still integrated into the solution for easy access through its AI. This still makes KuCoin traders benefit from quick connectivity.
OKX
As one of the two exchanges that are not listed as partners on the Smart Crypto Bot website, OKX stands in the 40 percent of Smart Crypto Bot’s supported exchanges that have not officially joined hands with the platform. However, it is still integrated into the platform for easy accessibility for traders.
During this section of the review, it is clear that the Smart Crypto Bot platform does not support as many exchanges as some of its most popular competitors do. This also makes it difficult for those traders who want to use US-centric solutions for an exchange as popular as Binance (through Binance.US).
💰 How Much Does Smart Crypto Bot Cost?
Smart Crypto Bot is free for the time being. This is the biggest unique selling point for the platform and helps set it apart from its plethora of competitors.
According to Smart Crypto Bot, the platform has decided to make its services absolutely free of cost until further notice. This includes Smart Crypto Bot’s trading solution, its strategy builder, and its front-end graphical user interface (GUI). In an industry where cryptocurrency bots cost a pretty penny on a monthly basis, this is by no means a small offering.
Smart Crypto Bot’s current slew of free services includes:
Automated Trading. This allows you to set up your trading bots to buy and sell cryptocurrencies according to preset strategies and market conditions. You do not have to be present in front of your screen 24/7 for these trades to take place.
Preset Strategies. Smart Crypto Bot offers a variety of different trading strategies that you can use to power your trades from the get-go. This makes it easier for you to buy and sell cryptocurrencies through automated trading.
Custom Strategies. Apart from its free pricing, this is the crown jewel of Smart Crypto Bot’s overall proposition. With the ability to create your own strategies, you can customize your approach to buying and selling cryptocurrencies.
Loss Prevention. Among some of the most helpful features of Smart Crypto Bot, loss prevention strategies stand front and center. With that being said, the platform outlines that it is not a surefire way to prevent losses and adds some brownie points to its credibility.
Charts and Triggers. Smart Crypto Bot prides itself on providing you with several charts and triggers that it has associated with the process of trading cryptocurrency. This makes it simple for you to understand the status of your trades and have them performed automatically.
Customization. Smart Crypto Bot emphasizes the option to customize your trading experience, and this option only highlights it further. With the ability to edit most parts of your interface, you can make the platform truly your own.
While the features that Smart Crypto Bot offers for now are quite basic, the availability of a GUI front-end and easy accessibility to automated trading does raise its profile among other trading bots.
As a result, during this section of the Smart Crypto Bot review, it becomes clear that the platform’s most sought-after feature is its pricing or lack thereof. With free access to these features, Smart Crypto Bot is intending to appeal to traders who don’t want to spend their money on typical trading bots.
😎 How Easy to Use is Smart Crypto Bot?
Smart Crypto Bot has an intuitive UI that makes you feel right at home from the minute you start using the platform. Since the solution is cloud-based, it does not require you to install any programs on your computer either. Instead, you can simply head to its website and access as well as manage your automated trading from there.
In addition to easy accessibility, this also makes sure that you don’t have to keep Smart Crypto Bot turned on 24/7 on your computer. You can simply set up your bots through the web-based interface and have it run through the platform’s servers for as long as you want.
Coming back to the interface, the overall look and feel of Smart Crypto Bot remains modern and easy on the eyes. The many features that are strewn throughout the platform are also simple to execute, while the customization that the platform keeps emphasizing also remains quite straightforward to benefit from.
Smart Crypto Bot also has a detailed Docs section that helps users through the many features and offerings of the platform. This helps new users get acquainted with the solution in a more streamlined manner.
Despite being a free solution for now, this set of front-end features does highlight Smart Crypto Bot as a compelling alternative to typical trading bots that come with a monthly subscription fee. In turn, this part of the review works in the favor of the platform.
🛡️ What Kind of Security is Offered?
Smart Crypto Bot is a cloud-based platform. Since the trading bot is not installed on your own computer where it can be susceptible to hacks, this gives it basic security from the start.
In addition to being a cloud-based solution, Smart Crypto Bot also operates on a secure server (HTTPS). This allows the platform to encrypt basic information and strengthens its offerings against malicious actors.
Another layer of security is added to Smart Crypto Bot through two-factor authentication (2FA). As a popular way to verify your login attempts by confirming your identity through your phone’s Google Authenticator App, Smart Crypto Bot helps you minimize your chances of getting hacked.
In order to connect to cryptocurrency exchanges, Smart Crypto Bot does not require you to share your exchange account’s login details. Instead, it uses application programming interface (API) keys to connect your accounts without asking for their login details.
Overall, this segment of the Smart Crypto Bot review highlights that the platform fulfills the most pressing needs of security from a solution of its kind. With that being said, make sure that you do not give the platform withdrawal access through the API keys, which ensures that your funds don’t leave your exchange account without authorization.
👨💻 How Good is Smart Crypto Bot Customer Support?
Smart Crypto Bot customer support is available through the platform’s website, where you can connect with the team through a contact form. Additionally, you can also reach out to the trading bot’s team through its direct email address.
The Smart Crypto Bot team is also available via its social media outlets including Reddit, Telegram, and Discord. While there is little to no user activity on these platforms, the admins are still active and could direct you towards helpful answers to any questions that you may have at hand.
This accessibility goes a long way towards strengthening the reliability of the Smart Crypto Bot. If you have any questions before you start using the bot, you can use these modes of contact to reach out to the platform’s customer support team.
💸 How Profitable is Smart Crypto Bot?
Smart Crypto Bot does not claim to earn you a certain amount of profit. This actually earns the platform a significant level of credibility. It’s because cryptocurrency trading is highly unpredictable and makes it impossible for anyone to outline a specific profit goal through their trading solution. By ensuring that it does not fall into the practice of highlighting unachievable goals, Smart Crypto Bot establishes its transparency.
If Smart Crypto Bot had a noticeable user base, you may have turned to comments on the web to determine if the platform is profitable or not. But given that the solution has next to no user reviews, it makes this step impossible for now.
The best way to determine Smart Crypto Bot’s profitability is by checking out the solution by yourself. But as the platform itself states, it is important that you understand the volatility of the cryptocurrency market and its unpredictability for traders. By keeping this point in mind, you can steer clear of holding any false expectations from the platform.
🟡 Is Smart Crypto Bot Legit or Scam?
Despite its set of features, attractive GUI, and overall transparency, Smart Crypto Bot does not have any credentials from the cryptocurrency community that help you determine its legitimacy. This makes it difficult to establish if the platform is legit or scam.
However, since Smart Crypto Bot is free to use, you can connect it with one of your exchange accounts to see if it provides you with your desired results through trading. From there, you can make an informed decision and determine your own Smart Crypto Bot review.
📢 Conclusion
After going through the solution, it becomes clear that Smart Crypto Bot does have a good value proposition at hand, but does not have the credibility to back it up for the time being. While the solutions work at first glance, it is not easy to say if they will continue on the same path with long-term use.
If you are confident to give the trading bot a try yourself, you can go ahead with configuring it with one of your exchange accounts and see how it works out for you. This allows you to determine if benefiting from Smart Crypto Bot’s free offering is suitable for you or not.