Are you wondering if TrailingCrypto is a good crypto trading terminal?
Anyone who is familiar with the cryptocurrency industry understands that this is a market that quickly fluctuates often by the week or day.
This trading sector’s fluctuations can offer massive gains one day and rip the rug out from under you the next. One minute, you’re up and excited, but the next minute, you’re wondering how that loss happened so fast.
Due to the quickly changing nature of the cryptocurrency trading market, it’s obvious that you must be actively engaged, not passively watching it.
It’s imperative to get to know this market and what happens when it rises and falls so you can enhance your potential for more gains and fewer losses.
Most of us have one main problem, which is time. We lack the time to watch this market 24/7, which is virtually the only way to keep up with its fluctuations.
However, most people want to have a life outside of cryptocurrency as well, so automated systems and tools are often used to save time on crypto trading.
You want to choose the safest, most secure, and most reputable automation services, also known as cryptocurrency trading bots, or you could risk more than just financial losses.
With so many of these services readily available online, how is one to know which ones are safe and which ones post risks.
This review of TrailingCrypto will help you better understand some of the nuances of cryptocurrency trading bots and how this one measures up in the industry.
You can become an informed consumer and cryptocurrency trader when you do the research.
Let’s have a look into this crypto trading service.
What Is TrailingCrypto?
According to its website,TrailingCrypto is the best trading terminal and bot. The creators of this service desired to make a platform where crypto traders can gain an edge via speculation strategies and a powerful dashboard.
Their goal was to create a trading bot that will help improve gains in digital assets.
This is a cloud-based platform with a vast array of order types across all supported exchanges. You can even place multiple orders at one time with the same funds. This trading bot doesn’t lock your currency.
With this in mind, the platform is best suited for intermediate to experienced and professional traders.
You will need to have a very good understanding of how cryptocurrency trading works. The website specifically states that it’s “an advanced cryptocurrency terminal built for professionals.”
Automated trading bots like this one are used as a centralized hub to analyze, facilitate, and execute crypto trades. The developers designed it this way because they knew that speculations regarding cryptocurrency exchanges and fluctuations are challenging even for professionals.
So, they created a tool to solve a problem, which is essentially why most products and services are created; to solve a problem.
That said, whether you are a day trader or a business into trading in the cryptocurrency market, TrailingCrypto delivers an array of features and functions to help automate your trades.
A few of the order types you will find include, Limit Buy, Limit Sell, Market Buy, Market Sell, Buy, Sell, OCO, and other customized order types.
When the goal is to stay ahead of the rest in cryptocurrency markets, features and strategies like Take-Profit, Stop-Loss, Trailing Stop, and others should help you stay on top of things without sitting at your computer all day and night.
Not many crypto trading bots offer the multitude of features that this one does. That deal of not locking your funds is very attractive to potential users because it means they don’t keep your currency.
This is how they give the trader more control over their funds and trades.
We will discuss more about the features and functions as well as security, but the 256 encryption ideal and two-factor authentication is something all professional traders can appreciate.
How Does TrailingCrypto’s Reputation Look?
Two of the metrics that cryptocurrency bot users look at are making their lives easier with time-saving trading and boosting their investment efforts for more gains in the market.
Even with a trading bot, there is no way to promise specific gains, but for traders who understand how the market works, this is taken into consideration when picking their trading bot.
Professional and regular crypto traders realize that the “game” is about being able to maneuver through the downs and take advantage of the ups in the market.
It’s quite the roller coaster ride for most traders, who wouldn’t have it any other way.
For some, it’s the thrill and excitement of the fast-paced market. For others, it’s serious business and they desire to make more profits rather than just playing the game for the thrills.
Most of the user reviews about TrailingCrypto are positive with remarks about the fair pricing, attractive interface, and the many functions and features it provides.
The reviews are mostly geared toward its profit potential, customer support, and the fact that this is a working service.
What Exchanges are Supported with TrailingCrypto?
As you might expect, TrailingCrypto has its hands in the most popular exchanges in the crypto market. This includes:
As it should, this platform is always seeking more mutually rewarding partnerships as it grows its user base. For the most part, this service does fairly cover the popular exchanges, which keeps its users content.
What Does It Cost to Use TrailingCrypto?
This trading terminal offers three subscription plans that are as follows:
Free: This plan is designed for novice traders to help them learn the terminal and bot before paying to subscribe. This plan comes with 10 open orders, 100 monthly orders, and 15 days order expiry.
Premium: The Premium Plan is most used by professional traders wanting that speculation tool. It comes with 250 open orders, 10,000 monthly orders, and 365 days order expiry for $5.00 a month.
Channel Admin: This final plan in the tier allows traders to utilize custom open orders per trader, custom monthly orders per trader, and custom order expiry.
We imagine that having a free subscription seems attractive to new traders, but the real benefits likely come from the paid subscriptions. The free plan is just an acclimation process that they expect to result in paying for a subscription.
However, the service will allow you to “earn” the premium subscription through a credits program that you can use. You earn points for every time you spend and then you can redeem them.
One point/credit provides you with access to enjoying one premium trading service per day.
There are several ways to earn credits like making and uploading a video to YouTube, writing an article of 400 words or more for 15 points (published on Steemit, Reddit, or Medium), or you can create a 299-word post on a microblogging site like Quora or Reddit.
You can learn more about credits and how that system works from the knowledge base and FAQs on the site.
Ease of Use: This trading terminal is pretty straightforward and easy to navigate. The interface is one of its most compelling features to traders making it easy to use.
Thus far, there are no known mobile apps available for this trading terminal and bot. However, the web-based application seems easy enough to set up and use for now.
If you have any issues or questions, most of this can be addressed via the knowledge base and the FAQ section.
Settings: Changing your settings is simple via the dashboard terminal and the variety of general templates lets you easily get started. The settings range from the most basic to the most complicated customizable configurations depending on the user’s skill.
Security: Knowing that this is a third-party service means that API keys are used for this service. The transmissions are secured at TrailingCrypto’s end. API keys transmit information via their secure SSL server.
You also have the choice to use two-factor authorization, which helps secure your data. There seem to be several security protocols in place through this bot.
Customer Support: The support system is utilized via the Telegram app, email support, knowledge base, and FAQs. So, there is a blend of automated, community, and human support mechanisms in place.
Profitability: The “gold” standard in profitability when using cryptocurrency trading bots is “never to make promises of percentages of profitability,” which TrailingCrypto follows.
Trading bots, or in this case terminal, is only the vehicle that streamlines the process of trading. It’s not a system that magically produces profits for you. All these bots are doing is what you tell them to do.
Cryptocurrency trading automation services cannot go beyond the scope of its settings, which you, the user, set. They are like having employees that do what you want them to do.
They also cannot predict the future, but they can pay attention to market trends, past markets, and such to help facilitate trading.
Choosing a cryptocurrency trading bot, terminal, automation service, or whatever you want to call it, is dependent on your personal preference.
While we can recommend trading bots, we cannot force you to make a decision.
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