Luna Trading Bot Review 2023
One of the first questions about anything you buy, invest in, or use should be, “Is it safe and secure?” Your safety and security is a priority, especially in the online world.
When you are in the crypto trading markets, you certainly want to know if a trading bot like the Luna Trading Bot is safe to use.
This Luna trading bot review will give you the information you need to decide if it is safe and secure for your needs.
It will also give you insights to whether it is a bot suited to your cryptocurrency trading goals.
Knowing whether a trading bot in the digital asset realm is going to help you meet your goals is another factor to consider before putting your assets into it.
One of the things that makes cryptocurrency trading bots so popular is the fact that these bots are much more efficient than we humans when it comes to trading on volatile markets like crypto.
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The Luna Trading Bot Review
What is the Luna Trading Bot, and How Long Has It Been in Business?
What is Luna Bot? The Luna trading bot platform is considered an all-in-one cryptocurrency trading platform for Bitcoin and other cryptocurrencies.
That is according to the website. It claims that everything you need to manage your cryptocurrency assets is in there, on one interface.
The site mentions that trading, signals, portfolio management, demo, and bots are included in the interface.
How long has Luna Bot been in business? The Luna Bot, a Singapore-based company, was introduced in January 2018 as a bot that automates crypto trading functions.
On the platform, there are preset strategies to help you analyze the market, make better decisions for trades, and then it executes the actions of buying and selling according to your specifications.
Luna offers something for professional daytraders and novice cryptocurrency traders alike, so that virtually anyone can benefit from 24/7 trading with ease.
Even setting up automated trading tools is easy, since the complicated processes occur behind the processes.
Ultimately, no matter what level trader you are in the cryptocurrency markets, this automated bot makes things seem easy to understand and simple to prevent overwhelming users.
On the other side of the scene, they offer sophisticated features for the professional, experienced crypto traders in mind.
Besides the offerings for simplicity for novices and complexity for professionals, the Luna trading bot offers multiple exchanges, a visually appealing interface, and manual order settings on its platform.
Also, you get access via your mobile devices, which adds value to its value to traders.
How is Luna’s Reputation?
Anyone who has been trading in the cryptocurrency sector for a while, knows what Luna is and if they have used this automated trading platform for its crypto trading, they are pleased with what it offers and the results from their trades.
This bot has received many excellent reviews.
However, due to some unfortunate lack of excitement surrounding this platform, the formerly consistent and regular updates and responses to questions on the BitcoinTalk forum, it is less popular than it was for a while.
That is not to say the bot is less efficient, or not in operation, because it is working well still. It is just that the interest in it died down when the postings on Bitcoin for updates and such died down.
This is a good example of why crypto bot franchises should keep up with their communications in the crypto community.
None of this affects the usefulness of the bot itself.
Perhaps now that it has more than 1,000 users, it is able to sustain its users and functions without having to constantly make announcements.
After all, it has a great reputation among the users.
What Exchanges are Supported By Luna?
Even though this platform seems sort of new to the scene, it supports an impressive number of crypto exchanges, including:
What are Luna’s Plans and Pricing?
The Luna platform offers subscription-based plans with different pricing structures according to tiers with various features.
Hobby Investor – $19 per month
- All of Luna’s standard features
- 2 active trading bots
- Unlimited exchanges
- Demo trading
- Trading signals
- Extended order types
- $25,000 monthly trading limit
Active Investor – $49 per month
- Everything included in the Hobby plan
- $100,000 monthly trading limit
- 5 active bots
Super Investor – $99 per month
- Everything included in the first two tiers
- Unlimited monthly trading limit
- Unlimited trading bots
Each of these plans comes with a 14-day free trial, so you can try this out for two weeks. You will know how it is working for you in that period of time.
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Luna’s Main Features
Ease of Use
As we already mentioned, its ease of use is one of the most appealing aspects of Luna’s platform. It is one of the easiest to use in the industry.
With ample options for users at every level, Luna allows users to set up or select preset strategies.
There are many visual cues that make this easy to set up, even for newbies.
For instance, terms like “Conservative” or “Aggressive” are used to choose what kind of tool you want for your trades.
Besides the simple strategies and terms used on the interface, Luna offers more experienced users the opportunity to create their own strategies.
There are several technical indicators on the platform to be used for creating your strategies. You can use double up, trailing stop, and buy and sell orders accordingly.
Not only that, you can see side-by-side comparisons of trades and bots to help you track your historic information.
Luna is a web-based app that offers better security than anything you can download and install on your device.
At this time, that is all we know about their level of security. If you need more than this information, perhaps you will look for another crypto trading bot.
In the beginning days of Luna, customer support was excellent and communications were at a premium.
During those days, it was praised for its timely responses, attention to its users, and its overall way for handling customer support.
It isn’t as if there are major complaints about it now, since they still handle resolutions in a timely manner and offers tech support with each plan.
We have one concern regarding support, and that is the lack of a knowledge base on the platform.
You will not find an FAQ page or help page on the website or within the interface. We are also unsure about its current diligence to updates.
Luna, like most automated trading platforms, does not make promises of profitability.
You may find users with good results to get an idea of what you can profit through the bot, but Luna sticks to the standard of the industry by not making any guarantees of profit.
After all, your profits are solely in your hands, because you are the one making the trades.
Also, remember that just because one trader on the platform made huge profits, does not mean you will. It’s based on the strategies you use and your own decisions.
Our Crypto Bot Recommendations
Overall, we think Luna is a good starting place for traders, with its easy-to-understand terms and preset strategies.
Also, the free trial is an excellent way to find out if this platform is going to help you profit from the cryptocurrency markets.
Always do your own research before choosing any cryptocurrency trading bots. You will be glad you did.
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