Jimmy AkiCryptocurrency trading robots have become highly popular in the market. The ability of these bots to automate the trading process makes them an ideal partner for both professional and beginner traders.
Crypto Boom has emerged as one of the most popular crypto trading bots. The software’s developers are bullish about its use case, results and setup. We created this Crypto Boom review to investigate the tool and authenticate some of its creators’ claims.
Below, we’ll provide a detailed look into Crypto Boom. By reading this review you’ll get to know how the bot works, what it offers, and its fees.
Crypto Boom Summary
Before diving deep into the Crypto Boom review, here are some quick facts about the crypto trading bot:
| Minimum Deposit | € 250 |
| Claimed Success Rate | 90% |
| Supported Cryptocurrencies | BTC, ETH, LTC, DASH, ZEC, XRP, BTG, ETC, ADA, IOTA, EOS, BNB, NEO, |
| Mobile App? | No |
| Fees | None |
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
What is Crypto Boom?
Crypto Boom is a cryptocurrency trading bot that aims to help traders create profitable trades from the market. The bot operates as an automated trading system, offering flexibility and convenience in trading.
We were unable to find information on the developers of the Crypto Boom robot. However, this doesn’t have an effect on the software’s ability to perform. In many ways, it’s common to have a project with unknown developers, especially in the blockchain space. Many crypto developers tend to hide their identities for privacy reasons.
We noticed that the Crypto Boom robot is a versatile option. Traders can use it to trade over 10 assets. Investors can use it to buy Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and others. This provides opportunities for traders to speculate and generate explosive returns. However, you need to trade responsibly because the crypto market is risky.
Cryptocurrencies are a volatile asset class, and responsible trading is necessary for today’s market.
Like many others, the Crypto Boom robot focuses on identifying trends in the crypto market. It aims to improve the speed and accuracy of discovering price opportunities and identifying the right entry and exit points for trades. In other Crypto Boom reviews and on the official website, we found that the robot claims to have a success rate of 90%. We couldn’t verify this detail from the robot or any third-party platform. We recommend that you trade carefully and only trade with funds you can afford to lose.
In terms of its operation, Crypto Boom’s developers say the trading software operates as both an automated and manual trading bot. This means that the Crypto Boom robot works for both beginner and experienced traders. Of course, the best way to day trade crypto would be to learn the ropes so you can set the right trading parameters.
According to the bot’s creators, Crypto Boom is 0.1 seconds faster than the market. We couldn’t confirm this, but they claim this feature is one of the primary reasons the trading bot is so fast. With this speed, the bot could potentially spot trends in the market and initiate trades quicker than anyone else. The bot’s ability to identify the right entry and exit points indicates that it can help traders optimise for profitability. However, please keep in mind that any investment in the crypto sector comes with substantial risks due to market volatility.
Crypto Boom requires a minimum deposit of $250. This is competitive with other crypto trading bots. Given the risk involved in cryptocurrencies, we recommend investing an amount you can afford to lose.
The Bitcoin robot is also a fee-free service. This is much more favourable against other trading bots, who charge customers commissions on profits earned.
After checking numerous Crypto Boom reviews online and on social media platforms, we discovered that there was no Crypto Boom app. You would have to use the desktop platform to buy cryptocurrency or to conduct a Crypto Boom test.
Pros
Cons
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
How Does Crypto Boom Work?
As a crypto trading bot, Crypto Boom focuses on using artificial intelligence and machine learning to help traders profit from the market. The bot’s focus is to find trends in the market, exploit them, and execute trades on behalf of the investor.
It is worth noting that Crypto Boom works by trading crypto contracts for difference (CFDs). These are derivative financial products that give you the right to buy Ethereum, for instance, or sell the asset at a given price and time. The difference between the asset’s price at the contract initiation and its completion is paid as the profit or loss on your trade. So when you trade with the Crypto Boom robot, you’re trading CFDs – not the coins themselves.
To execute trades, Crypto Boom operates with a network of partner brokers. These brokers are said to handle some of the most critical tasks, including trade execution, position-sizing, trade management, and other tasks.
Crypto Boom also operates as a flexible trading bot. This means that both experienced and beginner traders can use it. Beginners can leverage the automatic trading feature, while professional traders can use the manual trading feature to set their parameters. For safety reasons, we recommend using the manual trading feature.
Crypto Boom Key Features
Here are some of the most important features that traders will be looking for when reviewing Crypto Boom:
Quick Withdrawals
Crypto Boom claims to process withdrawals in 24 hours. This is favourable against many other bots, which can take days to process withdrawals.
Partner Brokers
Crypto Boom works with a network of brokers across the world. These brokers are responsible for several of the bot’s activities – including trade execution and position sizing.
Fee-free Crypto Trading Tool
Crypto Boom’s users would be able to use the bot without paying any fees. However, the bot’s partner brokers might charge for their services.
User-friendly Interface
Beginners will have no trouble using Crypto Boom. The platform offers a simple and intuitive interface, allowing users to make their way around easily.
Demo Account Available
As part of its commitment to users, Crypto Boom comes with a demo account. This feature allows beginners to learn how it works and advanced traders to test out their strategies.
Crypto Boom Fees
Below is a breakdown of the fees charged by the Crypto Boom robot according to the website:
| Transaction Fees | None |
| Trading Commissions | None |
| Account Maintenance Fees | None |
| Hidden charges | None |
As the table shows, Crypto Boom doesn’t charge any fees for its services. This is very favourable for its users, especially since many other crypto trading bots charge commissions on your profits. Several Crypto Boom reviews corroborate the fact that the bot is entirely free, but this doesn’t mean that crypto trading is without risks.
However, keep in mind that Crypto Boom’s partner brokers might charge fees for their services. So we recommend doing your research to understand the fee structure of any broker this trading robot matches you with.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
Is Crypto Boom a Scam?
Given everything that’s been said, you might be wondering, “is Crypto Boom a scam?” To answer this question, let’s consider the bot’s details.
Crypto Boom developers have claimed that the bot operates using artificial intelligence and machine learning. They’ve touted the bot’s speed, claiming that it works 0.1 seconds faster than the market. By trading CFDs and working with a network of partner brokers.
With its versatile trading system, Crypto Boom makes it easier and more convenient for traders to earn profits from the market. The bot’s developers have also claimed that it can achieve a 90% success rate. We couldn’t verify this, but it seems competitive with other bots.
Crypto Boom’s developers have made several huge claims surrounding their bot. But we couldn’t verify many of these claims. We recommend that you carry out additional research before signing up on the platform. We also recommend exercising caution. Cryptocurrencies are very volatile, and you want to ensure to only trade with funds you can lose.
Crypto Boom Minimum Deposit
As found in other Crypto Boom reviews, the trading robot has a minimum balance of $250. The amount might seem large, but it is competitive with other Bitcoin bots in the market. You should also note that the minimum balance would be required if you would like to use the demo account for a Crypto Boom test.
We recommend trading only with the minimum balance – especially if you’re a beginner in the market. Only trade with funds you can afford to lose, and be sure to test out trading strategies and parameters before you invest more funds into the software.
Crypto Boom Customer Support
Customer support is a critical part of trading in the market. While no one envisages that there would be a problem, it always helps to have someone ready to help out if you have any needs.
Crypto Boom’s developers promise that there is a customer support line for users who would like to contact them. However, we couldn’t verify the availability of this line. Most crypto trading bots offer support via phone and email, so we recommend checking out the available support lines on Crypto Boom when you sign in.
How to Use Crypto Boom
If you’re looking to get started with the Crypto Boom trading bot, follow these steps:
Register an Account
Head to the Crypto Boom website and click on “Register”. Alternatively, enter your name, email address, and phone number in the dialogue box. Click on the “Register Now” button to proceed.
Crypto Boom will connect you with one of its brokers in your regions, and you will be redirected to your profile page.
Use the Demo Account
The demo account on Crypto Boom is not a necessity. However, we recommend using it to begin your investment journey.
All types of traders would be able to use the Crypto Boom demo account. Beginners can run a Crypto Boom test with it to get a feel of the account. Advanced traders would be able to use the demo account to test their trading strategies and parameters.
Make a Deposit
Head to the “Deposit” section on the bot and enter your financial details. Remember that Crypto Boom has a minimum deposit balance of $250.
The bot allows you to deposit using cards, crypto, and bank transfers.
Go Live
With your funded account, you can begin trading.
Withdraw Your Earnings
Crypto Boom’s developers have claimed that you would be able to easily withdraw your funds whenever you like.
But there’s a catch. You would need to process your withdrawal using the payment channel you used to make the deposit. So if you deposited with a credit card, your withdrawal would be processed and sent to the bank account linked to the card.
Depending on your payment method, your funds should be processed within 24 hours.
The Verdict
Crypto Boom is a flexible crypto trading bot that aims to help traders earn profits from the market. The bot offers an easy-to-use platform for trading crypto CFDs, and its developers have touted its effectiveness and fee-free nature. They also claim a 90% success rate.
While these claims are impressive, we couldn’t authenticate many of them. This is why we recommend approaching this bot carefully and ensuring you take the necessary precautions before you invest.
Also our recommended algorithmic trading platforms list for some alternatives to Crypto Boom – the top pick on that page is an actual exchange with automated copytrading.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
Frequently Asked Questions on Crypto Boom
What is Crypto Boom?
Is Crypto Boom legit?
How do I join Crypto Boom?
Who owns Crypto Boom?
This article was written for Business 2 Community by Jimmy Aki.
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