Cryptotrader is very safe regarding your crypto balance.
Thanks to the API keys, you grant your bot the right to read your balance (how many given coin you have in your wallet) and the right to buy / sell your crypto on the selected exchange. This also why you should, under no circumstance grant the access to withdraw funds so be extra careful when selecting your parameters.
This means that your funds will be as secure as the exchange you selected and will have nothing to do with the trading bot you’re choosing.
Cryptotrader allows you to receive notifications when actions are performed by your online bots, or when problems are occurring.
Trading can be stressful, especially when you trade cryptocurrencies.
One way to remain calm is to know what your bot is doing. Thankfully, you can always stay up to date with what your bot is doing via the great notification system that the team implemented.
The most convenient are SMS alert that will follow you on the go.
However there is one pitfall that you should be aware of. If you are US-based, you won’t be able to receive SMS alerts with your US phone number. As you know regulations hit the US hard and Cryptotrader is indeed no exception.
Team and Transparency
Here is where it gets a little tricky.
Unlike many other newer crypto trading bot platforms, Cryptotrader’s team is anonymous and you won’t find much informations regarding who created and currently operates the platform. It can be a drawback to some of you and that is understandable. Cyptotrader doesn’t provide much informations on social media either as it isn’t active at all since 2018.
The platform and its community are still active and thriving though, so you should not discard it if you want to try to create your own automated strategy at an affordable cost.
Cryptotrader Price & Plans
Cryptotrader bot has one of the largest choice in terms of plans and pricing which makes it one of the most accessible crypto trading bot on the market at the moment.
While it is important to note that the platform does not currently offer any free trial, the cheapest plan will allow you to test the platform for as cheap as possible in the world of cloud based algorithmic trading.
Basic + Plan
The basic + Plan will set you back only 0.002 bitcoin and is the one you will want to test if you have never tried cryptotrader and are not sure if it could be a right fit.
- Email Alerts
- 1 Live trading Bot
- $1000 Trading account equity limit
The Regular Plan currently costs 0.0028 bitcoin and will be suited if you wish to have several bots running at the same time.
- Email Alerts
- Up to 3 Live trading Bots
- $5000 Trading account equity limit
The Pro plan is priced at 0.0053 bitcoin will fit the needs of more seasoned traders or those that enjoy a larger crypto portfolio. It will be your first plan if you are looking at margin trading or short bots.
- Email Alerts
- SMS Alerts (Not working on a US Number)
- Up to 5 Live trading Bots
- Margin Trading / Short Positions
- $20000 Trading account equity limit
- Early Access to New Features
The VIP plan is at 0.01 bitcoin per month and the two biggest advantages compared to the Pro plan is its ability to run 10 bots simultaneously and the unlimited trading equity.
- All of the PRO Features
- 10 Live Bots
- Unlimited Trading Equity
- Priority Support
The Premium plan will cost you 0.0249 bitcoin per month.
This plan will give you all the benefits of the VIP plan but you can now set up up to 25 live crypto trading bots.
- All of the VIP Features
- 25 Live Bots
One of the important thing to know about this bot is that you can only pay with cryptocurrencies.
You can choose between the three crypto below to upgrade your account:
- Bitcoin ($BTC)
- Litecoin ($LTC)
- Maker DAI ($DAI)