Imagine the excitement that comes with knowing you can make money in the comfort of your home. Quick cash with very minimal investments? You would jump right in; if I were in the same position, I would do the same. This is the biggest mistake novice traders make- they are too excited to see past the silver lining. There are several factors to consider before or when venturing into the Cryptocurrency trade. These factors include the minimal deposit, your goal, skills required, platform to use, and whether to invest in a trading bot or not. When it comes to a trading platform and bot, the options will be many, but it is up to you to evaluate them and selects the one that best suits your needs. Crypto Boom is a renowned cryptocurrency platform that also offers bot services. Let’s dive in and get an insight into it.
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Summary of Crypto Boom
Crypto Boom is quite famous for its automation properties. Unlike other bots, no configuration is required; experienced and beginner traders can conduct Cryptocurrency trades comfortably. The system is built on several security protocols and uses complex algorithms, which makes them more secure and reliable. The success rate is anticipated at 90%, with the minimum deposit being $250. The automated bot is free; no commissions are deducted after trades. The withdrawal requests are processed between 24 to 48 hours after requests. Some of the supported exchanges include; LTC, BTC, ETH, ADA, IOTE, BNB, DASH, BTG, and NEO, among others. The software developers are not quite forthcoming about this software’s setup and use case, and the customer service is not always apt to assist in case of a challenge.
Setting up an account
Like any cryptocurrency trading platform, you cannot trade without setting up an account. The only feature you can access is the demo account. This ensures security and makes it easy for the company to track trades. Three steps are involved in setting up an account, as discussed below.
In this phase, the company requires the Cryptocurrency trader to provide their data. On clicking the signup button, one is redirected to a form where you are supposed to provide details. Some required details are: Full name, date of birth, phone number, nationality, physical address, and email address, and provide some form of identification through the upload button. On submission, once receives an email with an activation link, this link is sent after the company has verified the provided information to pretend cases of fraud.
Now that your account has been activated, you have access to the features of Crypto Boom. What’s required is the funds that you need for trading. The minimum deposit for this Cryptocurrency trading platform is $250; for traders working with a smaller budget, it would be advisable to select another trading platform. The money can be added through bank deposits, Neteller, credit and debit cards, Bitcoin Cash and Skrill.
You are ready to start your journey with a verified account that has been funded. For advanced traders, you can always jump right in. Novice traders are advised to use the demo account to practice, watch the available tutorials and, if possible, invest in the trading bot. The bot takes up the complex work of evaluating the market, identifying the most profitable assets, selecting the best rules and strategies, and investing in a place of the customer.
Frequently asked questions
Do I have to have previous experience to start trading with Crypto Boom?
No. Crypto Boom avails a free trading bot that is automated. The bot checks the market for promising assets, selects reliable strategies, and makes investments in place of the customer. With or without any prior knowledge, you can make a profit using Crypto Boom.
How does the system work?
Crypto Boom works with several brokers. They are tasked with handling complex duties such as trade execution, management, and position sizing. Advanced traders can customize the flexible trading bot to fit their specifications.