TrailingCrypto Crypto Trading Bots Review – Is It Any Good?
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TrailingCrypto is a trading
terminal and a trading automation software that is intended to help
participants on the market employ some basic and more advanced crypto trading
actions, as well as make their own crypto
trading bots with certain pre-configured features.
How
do you pick your trading bot?
When it comes to making a
choice, especially if that choice is supposed to bring an income, you should be
guided by decisive arguments and not false marketing promises or chance.
TrailingCrypto is a relatively
unknown addition to the industry, so there have been few decisive arguments to
settle its status. We’ll try to change that with this review.
TrailingCrypto
Review
The fast expansion of the
crypto trading industry has brought a great deal of attention with it. Everyone
has heard of cryptocurrency and many people have decided to try their hands
with crypto trade.
One of the main reasons for
this trend is the fact that traders do end up with big wins and some have built
entire careers around this digital cash that appeared only a couple of years
ago.
So, why wouldn’t they board
the train?
What’s often overlooked in
crypto trade is that profits, although very possible, are not guaranteed.
Trading bots are tools, not
cash-making machines, and everything depends on two factors: individual trading
sense and crypto trading bot’s performance.
Bots beat human traders in
every sense but one. Bots do not take time off and remain active 24/7. Their
response is faster than a blink of the eye and is only capped by your Internet
latency.
They don’t suffer from
emotional distress, psychological pressure, or indecisiveness. But there’s a
catch: bots have no trading brains of their own and have to be told what to do
by us, humans.
Here’s the spot that’s a
watershed for bots. Translating your thoughts and intentions into a programming
code is imperfect and there’s always room for errors.
On the other hand, giving the
bot a lot of customizability requires the users to be well-versed in coding
just to launch it and navigate all that it can offer.
This balance between
performance and ease of use basically represents the ultimate criterion of
every trading bot.
So, how does TrailingCrypto
solve these issues?
Does it work?
Does it earn money?
Is it safe?
Let’s try to provide some
answers here.
TrailingCrypto is a trading
terminal and a trading automation software that is intended to help
participants on the market employ some basic and more advanced crypto trading
actions, as well as make their own crypto trading bots with certain
pre-configured features.
A great deal of effort was
given to the simplistic design of its user interface or dashboard.
It immediately becomes evident
that Trailing Crypto tries to conform with beginners and those not very
experienced or not willing to devote much time in devising their trading strategies
from scratch themselves.
TrailingCrypto boasts of more
than 25 features that users can include in their trading automation, including
Limit Buy/Sell, Trailing Stop Sell,
Take Profit, Stop Losses, etc.
Another aspect of
TrailingCrypto is a Telegram and email signal bot, which allows users to link
their bots to templates provided by others, presumably more experienced traders
with good results.
Supported crypto exchanges are
Binance, Binance Futures, Bitmex, Bittrex, CEX.IO, Coinex, HitBtc, Huobi Pro,
Kucoin, Okex, Polenix, Kraken, and Bitstamp, which includes some of the more
popular, so that’s pretty standard.
With its current pitch,
TrailingCrypto sounds like a solid, well-rounded bot leaning slightly towards
simplistic features and preconfigured approaches, which suits casual traders
but does not offer much to seasoned veterans of the industry.
That’s behind the display
window, but what’s under the hood? Let’s delve deeper.
TrailingCrypto is designed to
be accessible to most, often at the expense of the more advanced options and
the ability to change, tweak, and fine-tune some of the intricate details of
trading strategies.
Although not necessarily a
handicap, this is indicative of the fact that more experienced daytraders could
probably find better alternatives out there.
The features that
TrailingCrypto offers come as a standard in the industry, and they are offered
as part of most generally established companies.
Designed to be fundamentally
simple and easy to wrap one’s mind around, Trailing Crypto tools can be used by
newcomers and beginners without too much hassle, and there’s an active blog
with exhaustive documentation that can help with the basics.
In other words, when it comes
to accessibility, TrailingCrypto has some okay solutions if you’re just
starting with crypto trade.
It doesn’t take much time to
get used to the design of the site or the functions of various addons to your
trading bot.
That said, Trailing Crypto
does not offer anything advanced, even in theory, and this makes its users grow
out of it pretty soon.
Oh, and there’s more issues
with some of the policies the company practices that raise some red flags, but
we’ll get to that later.
Top-Rated
Crypto Trading Bots
These crypto trading bots have
been voted as the best consistently in user ratings across various websites.
First we collated the user
review data, then we performed our own tests to ensure 100% legitimacy of the
bots.
These are by far the best crypto
trading bots on the market today.
Pricing
Apparently, there’s good news
– TrailingCrypto has its basic offer come free of charge. So yeah, you can use
some of it for free.
How do other bots compete
against free bots if they work? Well, there are limitations, of course, as the
free plan comes with only 10 open orders, 100 monthly orders, and 15 days order
expiry.
The premium plan comes for
$7.20 per month, and comes with 250 open orders, 10,000 monthly orders, and 365
days order expiry.
TrailingCrypto offers a free
30-days trial of its premium services on top of the basic plan, so you can have
a taste of it before you fully commit.
And there are other, more…
questionable ways of getting the premium plan free of charge. Shady marketing
policies or innovative methods of gaining traction with the wider web? We’ll
save this for the end.
Security
Regarding safety and security,
TrailingCrypto fulfills the minimum standard protection available to most other
crypto trading automation services.
It holds its site secure with
HTTPS and it offers OAuth2 with 2FA (two-factor authentication), which is
commendable.
On top of this, TrailingCrypto
encourages using API keys for transactions on crypto exchanges. It does not
have direct access to your funds, which helps users feel more safe in general.
Also, private data goes
through 256-bit encryption before being stored on the website.
Community
& Reviews
Almost everything stated above
goes in favor of using the TrailingCrypto bot, more or less. However, there are
several catches that make us wonder.
First of all, why are there so
few verified reviews of TrailingCrypto online?
There are only 3 reviews on
Trustpilot.com, all three being obviously ordered with users leaving no other
reviews on the site and giving it 5 stars.
Three reviews only for years
of active work? Something’s fishy.
The official site’s community
page has almost no content, with no comments, no threads, and glaringly few
entries. If the bot is good and on top of that, free, why aren’t there more
people who use it?
And remember the premium plan
and the ways to extend it for free? Apparently, developers have decided to give
freebies and “credits” to anyone who agrees to record a promotional video,
write an article online, or simply leave a positive review.
This has launched quite a
number of false reviews that are obviously written with insincere intentions.
Does a good service need this
kind of blatant approach? We think not.
Review
Verdict
Frankly speaking, with an
abysmally low number of users, honest reviews, and a non-existent reputation,
even some much better services would raise too many eyebrows to be recommended
in good faith.
TrailingCrypto simply has too
little to offer, especially when taking into account some of its more
questionable policies.
There are readily available
alternatives that do more and with a much greater success rate. Quadency and
Bitsgap, for example, have everything that TrailingCrypto offers, and more.
On top of that, there are
honest reviews and analyses that confirm the quality of their service.
Go check them out
instead.
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