Cryptocurrency is gaining more popularity together with the rapid growth of the digital assets price. That is why it makes sense that people are getting involved in the sector in several ways. Most individuals can profit from the crypto by holding bitcoin and other prime assets. This helps them to have a stake in the networks and the various innovations that come out of these networks.
Crypto trading requires more effort because it can be quite easy to step into the sector and then find yourself in a state of disarray. That is why firms such as Stacked jump into the picture and provide automation tools to help in navigating cryptocurrency markets.
Read this Stacked bot review to know how it can be beneficial for your trading operations.
Time in Business
Stacked is a firm that has been around for quite a few years. It is an automated platform that wanted to establish itself as one of the go-to entities in the cryptocurrency trading world.
They were able to increase their level of activity and interaction with bitcoin and the general digital assets community in 2017 and would continue to ramp up efforts from there. One could follow their level of activity on Twitter and in other domains since 2017. This shows a bit of proof that they were somewhat ahead of the curve when looking at this growing sector as an opportunity.
We can confidently state that the business has been present within the world for more than three years. As always, we will caution for a word of advice. The level of popularity within a specific platform does not speak to its level of efficacy. A popular product may not be the best product for you.
You must understand your needs, wants, and goals to choose the application that works for you.
Recall that the extent of popularity may not necessarily speak about the efficacy of the platform but it is essential to note so that you have a holistic understanding of the general platform. You can know how it is perceived in the marketplace and maybe factor that into your overall decision-making process.
Reputation
Still, popularity does come into play for many people when they are looking at different product choices. That is why it is important to look at a company and its overall reputation within the marketplace.
This is one firm that has been able to present, build, and maintain a strong reputation in the marketplace. This is not surprising at all as it has an intriguing platform, a compelling interface, and fantastic features that make a difference.
The Stacked bot has more connections to crypto exchanges and works with most of the large players, if not all of the largest entities from Binance to others, making it one of the more favorable platforms in more ways than one.
You can find that there is strong coverage on this platform by many sites as well. These sites tend to favor the Stacked Invest platform in a high manner. It has high ratings from many sites and has mixed reviews in some settings.
Further, we would be remiss if we did not state that Stacked has been able to raise over $2 million for their venture. This is important to state because a platform cannot raise significant funds if investors do not feel comfortable with the platform. They were able to raise these funds from firms like Alameda Research.
That is why it is not a surprise that you are able to take advantage of compelling features, an interesting interface, and other components on Stacked. Indeed, not a lot of trading bots and companies are able to raise significant funds at this level in this domain. But Stacked invest was able to do so and it shows that investors and others think that it has staying power, will grow its customer base, and provide real value over the long-term.
Exchanges Supported
As noted earlier, the bot is able to support all prominent exchanges. You are able to have exposure to all of your favorite exchanges providing you with access to liquidity, name brands, and a wide variety of digital assets through one platform.
Of course, it is important to state here that you should have an account with each of these other exchanges so that you can actually access their platforms. But at the same time, once you are connected and fully set up, you are ready to go.
Remember that you can have access to Bybit, FTX, Binance, Bitmex and other prominent ones like Coinbase and even Okex.
They are likely to include more exchanges as they see progress and continue to invest to obtain the returns in their platform.
Pricing
The platform provides access to everything for free. But individuals will be purchasing strategies and other aspects from the marketplace, this will cost you. It will vary based on the author of the bot strategy.
Ease of Use
Stacked Invest offers a platform that enables individuals to use trading bots for their applications. Did you know that Stacked also provides the ability to invest in digital assets in index format? That provides real value to many people as it allows them to set it and forget it when it comes to their cryptocurrency investments.
They do not have to worry about actively playing in the markets and can automate their investing with simple index investments. That means that the platform provides real value to users and helps to make their lives simpler and easier with crypto index options, the ability to use crypto trading machines and simplify their portfolio management.
You can take advantage of paid options with their bots and free options with simple index investing. The paid option is great because it allows strategy allocation that is tried and true, that was used by quality traders. Automating the process helps you to set up strategies and then input those strategies in places such as ByBit or Coinbase among others.
You can find that various bot creators form strategies, and even have their own subscription prices that they set. The platform makes it as simple as possible to allocate and increase your crypto assets with the right strategies. You can discover more about the marketplace by starting with a simple account. After you create an account, navigate to the marketplace and start exploring.
The tools you will need to take advantage of Stacked Invest are a computer, a smartphone, an internet connection, and your ability to choose the right strategies to get started. They work regularly to simplify the process as much as possible.
You will notice that connecting your assets, working with this platform and exchanges will be quite simple after you obtain the API key.
Yes, there is ease of use and simplicity across the board.
Settings Available
The settings available at Stacked include index, cryptocurrency trading bots, strategies, and aspects like scalp, trend, and swing). You can change the performance setting to see the performance in different periods.
Every bot will also have specific built-in risk management that enables you to conduct aspects such as minimizing your losses with various settings. You can place various parameters when it comes to risk management with Stacked Invest. Many people would suggest using the settings that one finds within the application.
Security
Security is everything. It is even more necessary in the cryptocurrency sector with various instances of situations where individuals snatch crypto as quickly as possible if an opening presents itself.
It makes sense that you are stepping into the world of cryptocurrency and digital monetization. You are here to grow your funds and increase percentages overall. The critical point is to increase your current base of funds and you want to protect it at all costs.
You can minimize cyberattacks and other issues by being careful and the bot ensures that it separates funds from access. The Stacked does not have any issues when it comes to security. There are no reports at the present moment when it comes to cybersecurity attacks.
Customer Support
They have components such as Intercom live chat and other ways that you can interact with them. For instance, you can connect with them on social media as well. You can find that this application and the people that run it are interested in supporting you on your journey.
Profitability
Bitcoin has shown that it is making tremendous gains each decade and many believe that it is at the start of its journey. That makes sense because the digital asset is compared to gold and should act as a store of value. It should provide global security in a world where governments across the world continue to debase their fiat currency and thereby tax their populations in more ways than one.
But what does all of this have to do with your profitability? One can note that profitability depends on the real-time moves within the markets and sentiments of the participants within the market.
Profitability depends on how you read the market and how you set your strategies. Trading bot tools can help to a certain extent but you must remember that it is your brains that are behind the operation. If you are participating in bitcoin at the early stages and continue to purchase the asset during downturns and then play momentum wisely, you can earn great profits.
The genuine question is how good are you at reading the market? If you are able to read the market quite well and set your strategies with Stacked Invest accordingly, you are going to find success.
Conclusion
Stacked has various opportunities to offer you. At the same time, remember that it is all about how you look at the equation and respond to the different situations going on in the market. These tools help you automate your investing and trading but you must be aware and be present in the markets overall.
Remember to practice due diligence and to ensure pay attention to specific aspects that are going on in the market to be safe, secure, and on the right track in your investing journey.