CryptoHero provides automated trading with rypto bots and multiple technical indicators for traders to create their custom strategies for digital currencies. The platform tracks your account performance and allows you to run your systems on a demo account before going live. In our CryptoHero review, we will go through all the features of the services and give insight into their advantages and disadvantages.
CryptoHero overview
Novum Group is the name of the company behind the algorithm. They state the founder’s name as Christopher Low but do not detail their records or market experience. Their headquarters are in Singapore at 80 Raffles Place, UOB Plaza, #33-00, Singapore 048624.
CryptoHero quick summary
The service has the following key points:
- Provides a free trial
- Offers backtesting services
- Multiple exchange integration is available
- Traders can trade on a demo account
Is it easy to use?
The algorithm can be used with the following steps:
- Sign up on the website using Facebook, Google or your email id
- Enter your exchange and API key
- Connect the bot and enable the trading to start placing trades
CryptoHero reputation
The platform has a user guide that can help understand the working procedure of the algorithm production. It is available on mobile phones and on the web interface. Unfortunately, there are no customer reviews to guide us on the viewpoint of the traders.
What crypto exchanges are supported?
CryptoHero supports the following exchanges as of now:
- Binance
- Tokyocrypt
- Huobi
- OKEX
- Coinbase
- BITTREX
- Kraken
- Gate.io
- BITFINEX
- FTX
- KuCoin
- INDODAX
- Mandala
- Crypto.com
Price
Traders can use the service for free; however, the support is limited to one crypto bot and exchange. To get 15 algorithms and three exchanges, the asking price is $13.99 each month.
Security and privacy of CryptoHero
The platform uses API keys to connect with your exchange. This does not allow it to withdraw your cash and only provides access or rights for trading.
What about customer support?
Traders can only contact the developers through their email addresses. There are no live chat or phone lines available, which is quite a poor practice.
No customer reviews are present on the noted TrustPilot or other third-party websites. This shows that no one or a few traders have tested the platform. This raises many concerns about the authenticity of the software.
Profitability of CryptoHero
The profitability of the algorithm depends on its strategy, which is relevant to the indicators and the coded information. As major helpers, RSI, MACD, Bollinger Bands, and Stoch RSI are present on the website.
Deposits, withdrawals, and fees
There are no deposit or withdrawal fees from CryptoHero. The platform only charges a fee for using its developing services, which have been discussed previously
Advantages of CryptoHero
The benefits of the services are as follows:
Backtesting
Traders can use backtesting and paper trading to test out their systems for the historical and live data.
Fees
The total fee charged by the platform and the number of exchanges are reasonable. A trader can use the free option to trade without any cost at the expense of limited exchanges.
Disadvantages of CryptoHero
While the cons are listed as:
Feedbacks
There are no customer reviews present on noted websites, which could be used to understand the general viewpoint of traders.
Connectivity
Even with the paid version, traders can only connect their algorithms to a maximum of three exchanges.
