Crypto traders need to constantly monitor the fluctuating prices in the market. Buying and selling cryptocurrency requires time, energy, and experience. The lack of experience and the overwhelming nature of the crypto market can make one hesitant to own cryptocurrency. However, things are changing thanks to technology.
Amateurs and newbies with little or no knowledge of the crypto market are also trading and making money. They are using artificial intelligence-based crypto trading platforms to manage their portfolio and make decisions on their behalf. Experienced traders are saving time using the same platforms.
Singapore-based CryptoHero is a cloud-based automated crypto trading platform that has been designed for every crypto lover. It doesn’t matter if you are a novice or a professional trader. The platform offers you several features to simplify and streamline the trading process by automating it.
AI-powered bots are generated to handle your crypto accounts and make transactions. All you need to do is create an account with CryptoHero and integrate the platform with crypto exchanges where you trade. Set the parameters for the bots to make decisions and let it do the rest. You can get back to work as the bot stays active on the exchange and earns more money.
How to Use CryptoHero
The cloud-based platform is easy to use. It has been designed with beginners in mind. The company is currently offering a web version and an iOS version of the bot. The Android app is all set to be launched in July 2021.
Everything has been simplified without compromising on the quality of the performance of the bot. The Discover feature lets you create a CrytpoHero bot in just a few seconds. The feature helps you discover the best performing crypto assets and bot configurations.
You only have to enter the asset allocation and edit the configurations to customize the bot. Set parameters for trading, and that’s it. The bot is now ready to use.
How Does CryptoHero Work?
The CryptoHero bot is active 24*7. Once you fix the parameters for trading, the bot makes transactions on your behalf. You don’t have to spend all day on the exchange. You can enable the bot to buy crypto when the price falls and sell the coins when the price increases.
The company has optimized the bots so that they are at their best at any given point in time. The bot is built on a visual interface and not through code. You only have to follow the instructions on the screen.
Be it spot trading or margin trading, the bot can do it all. Set the entry and exit conditions so that you’ll end the day on a high and add the profits to your account. But what if you are not sure of the bot’s performance? Is there a way to test it?
You can run the bots through historical data to assess if they are making the right decisions.
Apart from bots, you can use the below technical indicators to check price trends, market volatility and asset value.
- Supported Technical Indicators(STI) : CryptoHero is not limited to automated trading using the bot. It also helps in effectively managing the portfolio and becoming a proficient crypto trader.
- Relative Strength Index(RSI): RSI is used by traders to measure the magnitude and speed of the changes in the price so that they can identify the indicators for this change.
- Bollinger Bands(BB): BB lets you observe the volatility and strength of an asset’s price.
- Exponential Moving Average (EMA): The average of the long and short period crypto interactions over a period is measured.
- Stochastic RSI(SRSI): SRSI is based on RSI value rather than the asset price. It reacts faster to generate indicators.
Also, you can try the simulated paper trading that is 100% risk-free.
What is Simulated Paper Trading?
It is a process of testing the CryptoHero bots before using them for automated trading in real markets. Simulated Paper Trading is run on Binance and uses the currency pairs available on the exchange. It also uses live market data but doesn’t risk your cryptocurrency.
CryptoHero currently works with the top 10 exchanges (Binance, Bittrex, Huobi, Okex, FTX, Kraken, Bitfinex, Coinbase Pro, Gate IO, Kucoin).
CryptoHero Customer Support
Reach out to the customer support team of Cryptohero via Whatsapp or Telegram for any queries or email to firstname.lastname@example.org
You don’t have to pay anything to use the basic service of CryptoHero while for the premium services you pay $11.66/month or $13.99/month and for professional services $24.99/month or $29.99/month
Click here to know more about the features you get in every plan
To Sum Up
The CryptoHero bot is efficient and manages your crypto accounts with ease. You can learn as you trade without worrying about losing more than you earn. The company’s price policy allows you to manage a small crypto portfolio for free. As a beginner, you can make the most of the free account and learn all about crypto trading.