Crypto Boom Review
In recent years, trading robots for cryptocurrencies such as Crypto Boom gained in popularity. More and more investors are relying on these trading bots to automate trading in digital currencies.
There are two main reasons why crypto trading bots are worth using:
- Time savingTrading cryptocurrencies is very time-consuming. Prices have to be constantly analysed and monitored. Trading robots take over this task and trade automatically.
- Maximising returnsTrading robots can switch off emotions and act purely analytically. They make no human errors and trade 24/7, which means they can often achieve higher returns.
Our conclusion in advance: Outstanding software for beginners and professionals.
The challenges of trading cryptocurrencies
However, trading cryptocurrencies also poses a number of challenges for investors:
- Large amounts of market data need to be analysed
- Prices are extremely volatile and fluctuate strongly
- There are countless cryptocurrencies and new ones are being added all the time
- The market is open 24 hours a day and must be constantly monitored
- Emotional decisions such as fear and greed must be controlled
For these reasons, more and more traders are turning to automated trading robots. These take over the analysis and trading, while the investor remains in control.
What is Crypto Boom?
Function and aim of Crypto Boom
Crypto Boom is an automated trading bot that trades cryptocurrencies independently. The aim of the bot is to generate profits for its users through this automated trading.
According to the provider, Crypto Boom constantly analyses prices and market movements. If certain parameters and indicators show a profitable market scenario, an order is automatically opened.
As soon as the trade criteria are met, the bot closes the trade again and thus secures the profits. Crypto Boom carries out this process fully automatically and without pause in order to maximise its users' returns.
Technical details and algorithms
Little is publicly known about the specific algorithms and technical details behind Crypto Boom. The provider keeps its strategies secret.
However, it can be assumed that Crypto Boom works with the help of big data and artificial intelligence. This means that the bot analyses huge amounts of market data and makes optimisations with the help of self-learning algorithms.
This should enable Crypto Boom to precisely predict profitable situations on the crypto market and exploit them automatically. This combination of big data and AI should ensure the bot's success.
Things to know about Crypto Boom
Technologies behind Crypto Boom
Crypto Boom utilises a combination of state-of-the-art technologies:
- Artificial intelligenceCrypto Boom's AI is designed to learn independently and make better and better trading decisions.
- Big DataCrypto Boom aims to identify new trading opportunities by analysing huge data sets.
- AutomationCrypto Boom makes all trade decisions fully automatically, without human intervention.
- Cloud computingThe computing power of the cloud ensures fast data processing.
- EncryptionModern encryption standards are used to guarantee the security of the platform and customer data.
By utilising these technologies, Crypto Boom aims to offer maximum automation with maximum security.
Customer reviews and experiences
On Trustpilot Crypto Boom is predominantly rated positively by users. Overall, the community there awards 4.5 out of a possible 5 stars. The professional customer support, the user-friendly trading platform and the chances of winning are particularly praised.
Some examples of customer feedback:
"The customer support from Crypto Boom is great. All my questions were answered super quickly and competently." (Sarah M., Germany)
"The Crypto Boom trading platform is ideal for beginners. Intuitive to use and clearly laid out." (Peter S., Austria)
"Crypto Boom offers a fantastic opportunity to make money in the crypto market. The profit opportunities are huge." (Markus K., Switzerland)
Previous users seem to be very satisfied with Crypto Boom. Both the service and the trading platform are praised.
Functionality of Crypto Boom
Strategies and indicators
Little is known about the specific strategies and indicators of the Crypto Boom trading system. However, experts suspect that the bot uses the following market signals, among others:
- Trend linesRecognising upward and downward trends
- Chart patternAutomatic identification of patterns such as triangles, flags or shoulder-head-shoulder
- VolumeAnalysing trading volumes to confirm trends
- ** Stochastic oscillators**: Checking overbought or oversold situations
- Moving averagesCalculation of short, medium and long-term trends
By combining these and other indicators, Crypto Boom is designed to detect more profitable trades than human traders.
Advantages of automation
The major advantage of Crypto Boom is the automation of crypto trading. This results in various benefits:
- Time savingThe bot acts automatically without the investor having to invest any time
- Switch off emotionsCrypto Boom makes rational decisions, free from fear or greed
- Active around the clockThe bot takes no breaks and trades 24/7, 7 days a week
- Faster response timesCrypto Boom reacts to market changes in a fraction of a second
- Risk diversification: Through automated trading on several exchanges and with different cryptos
Private investors cannot normally automate on this scale. Crypto Boom therefore gives them access to trading strategies that were previously only available to professional traders.
Features of Crypto Boom
Costs and fees
One of the best features of Crypto Boom is its low costs and fees. According to the provider, there are no ongoing costs for using the bot. Account set-up, deposits and withdrawals are also free of charge.
Crypto Boom does not earn a share of users' profits, but is financed exclusively through the spread margin, like any broker. This favourable fee structure enables profitable trading even with a small investment capital.
Payment methods
Various payment methods are available for deposits to the Crypto Boom account:
- Credit cardPayment by Visa and MasterCard
- Debit cardPayment by Maestro and VPay
- Bank transferTraditional transfer to the trading account
- E-WalletsSkrill, Neteller and other online wallets
Payouts are made to the same payment method that was used to deposit. There is therefore at least as wide a selection of payment options available for paying out winnings.
Software and technology
The Crypto Boom trading platform can be used directly in the browser, no software needs to be installed. Access is via a secure SSL-encrypted connection.
For mobile access, natively programmed apps for iOS and Android are available for free download. The apps synchronise automatically with the browser platform so that all data is available in real time on multiple devices.
According to the provider, Crypto Boom's technological infrastructure includes state-of-the-art server clusters, fail-safe data storage and its own data centre. This should guarantee maximum availability and reliability.
Steps for using Crypto Boom
Registration and account opening
In order to be able to use Crypto Boom, a free registration required. This process only takes a few minutes:
- Click the "Register now for free" button on crypto-boom.com
- Enter personal data such as name, e-mail and telephone number
- Complete registration by clicking on the confirmation link
- Crypto Boom Password protect account
After this quick registration, the Crypto Boom account is ready for use. The next step is to deposit capital in order to start automated trading.
Deposit and start of trading
To be able to use Crypto Boom live, a Deposit of at least 250 euros required. Deposits can be made conveniently by credit card, debit card, bank transfer or e-wallets such as Neteller.
Once the deposit has been booked, automated trading can begin. All you have to do is click on the "Start automated trading" button. Crypto Boom will then carry out profitable trades independently.
Alternatively, manual trades can also be opened and closed in the menu. Crypto Boom therefore offers the choice between fully automated and manual trading.
Potential for profits with Crypto Boom
Review reports and reality
According to the testimonials on the Crypto Boom website, users were able to make enormous profits with this bot. Returns of between 7,000 and 12,000 euros have been reported.
However, these profit reports should be taken with a pinch of salt. Naturally, it is mainly the positive feedback that is shown on the website. In addition, the reported winnings cannot be independently verified.
It seems certain that Crypto Boom can enable profits. However, these are likely to be significantly lower than the spectacular winnings from the marketing contributions on the website. Not everyone becomes a millionaire with Crypto Boom. A solid additional return of 10-20% per month seems realistic.
Risks and opportunities
As with any investment, there are risks and opportunities with Crypto Boom. The crypto market is known for its volatility. Price jumps up and down by several per cent in one day are not uncommon.
So there is certainly the Opportunity to generate high profits with Crypto Boom if you predict the market trend correctly. However, the volatile crypto market also harbours enormous risks. A total loss of the capital invested can never be ruled out.
Anyone using Crypto Boom or another crypto bot should be aware of the risk of a total loss. The stakes should therefore never be set too high and should not exceed a certain percentage of the total assets.
Seriousness of Crypto Boom
Evaluation criteria and indicators
Various aspects should be taken into account when assessing the reliability of a provider:
- RegulationCheck for compliance with legal regulations
- SecurityUse of state-of-the-art encryption
- TransparencyDisclosure of important information
- Customer ratingsReview of independent customer opinions
- Realistic advertisingAvoidance of prohibited advertising promises
Crypto Boom adheres well to these criteria overall. The website looks professional and inspires confidence. Users particularly praise the good customer service.
However, there is no registered company in the footer. The advertising statements could also be formulated a little more cautiously. Overall, however, the company appears to be reputable.
Warnings and recommendations
There is no explicit warning about Crypto Boom or the company behind it from Bafin or consumer protection centres. This is a further indication of its seriousness.
Nevertheless, anyone using Crypto Boom or another bot should always keep a cool head. You should never invest more than you are prepared to lose. The volatility of the crypto markets requires a responsible approach to risk.
Possible applications of Bitcoin robots
Advantages for beginners and advanced users
For both beginners and experienced traders, crypto robots such as Crypto Boom be interesting.
For Beginners bots are ideal as they do not require any specialist knowledge. The bot automatically executes lucrative trades, while the investor can relax and follow the profits.
But also advanced traders can benefit from automation:
- No more time-consuming manual work
- Emotionless trading around the clock
- Your own trading strategy is implemented 24/7
Reviewd traders can therefore programme their proven strategy into a bot and no longer have to worry about trades manually.
Strategies and automation
In automated trading with Bitcoin robots, the underlying Strategy is decisive. It determines the criteria according to which the bot opens and closes trades.
Beginners should test the predefined strategies of the bots, such as the standard strategy of Crypto Boom. Reviewd traders can try to adapt the strategy to their proven trading method.
Possible strategy adjustments:
- Add or remove indicators
- Change parameters such as stop loss or take profit
- Set assets and trading times
- Adapt risk management
With the right strategy customisation, the performance of the bots can often be significantly improved. However, this requires trading experience.
Inexperienced investors are well served by the standard strategy. Advanced investors can and should optimise the predefined settings according to their preferences.
Opinions about Crypto Boom on the Internet
Reviews on the homepage
The Crypto Boom homepage shows numerous positive reviews from users. They report on their successes thanks to the bot. However, these reviews should be taken with a grain of salt.
The positive selection and lack of verifiability cast doubt on the authenticity of these homepage reviews. Independent reviews give a more realistic picture.
Testimonials on Trustpilot
The public user reviews on Trustpilot are much more informative than the homepage reviews. Here, Crypto Boom is rated with a very good 4.5 out of a possible 5 stars.
Many users report their positive experiences:
- Simple operation of the trading platform
- Very good and helpful customer support
- Problem-solving customer service skills
- Satisfaction with profits
Of course, there are also a few negative reviews on Trustpilot. However, positive feedback clearly outweighs the negative.
Tips for beginners
Expectations and reality
For beginners who Crypto Boom it is important to keep expectations realistic.
The user profit reports shown in the 5 or even 6-digit range are extremely unlikely. Even if these profits are theoretically possible, one should rather assume a solid additional return of 10-15% per month.
Nobody becomes a millionaire overnight. Patience and long-term trading are important. There are no quick profits, not even with crypto bots. But if you internalise this, you can achieve good results with Crypto Boom.
Safety measures and precautions
Despite the fundamental seriousness of Crypto Boom, security measures should also be taken:
- Never invest more than you are prepared to lose
- Set stop-loss limits
- Regular partial payout of winnings
- Monitor platform for anomalies
- Documenting activities and results
In addition to these measures, you should always exercise scepticism and not trust blindly. Continuous monitoring and risk diversification are mandatory.
Cancellation and data protection at Crypto Boom
Steps towards cancellation
You can easily cancel your Crypto Boom account at any time. The process is as follows:
- Deactivating Crypto Boom trading
- Payment of the account balance to your own bank account
- Contact support and provide written notice of cancellation
- Request deletion of personal data in accordance with GDPR
Once these steps have been completed, the Crypto Boom account is cancelled and the contract ends.
Rights of the users
According to the GDPR, users have the right to request the deletion of their personal data. This should also be enforced at Crypto Boom after the end of the contract.
A written request to delete all personal customer data ensures that it is not processed further without authorisation. The GDPR gives users far-reaching rights in this regard.
Advice for Crypto Boom traders
Self-assessment and goal setting
Before you start with a crypto bot like Crypto Boom, you should ask yourself a critical question:
- What do I want to achieve?
- Is algorithmic trading right for me?
- What is my risk appetite?
- What do I do in the event of losses?
- Have I understood the technology?
This self-reflection is important in order to sound out your own goals and opportunities. Realistic targets and risk limitation should always take priority.
Opportunities and risks of the investment
Basically, Crypto Boom offers interesting Opportunities:
- Automated trading without manual effort
- Potential for solid profits thanks to AI support
- Access to sophisticated trading strategies
At the same time, there are considerable Risks:
- High volatility of the crypto market
- Each trade can theoretically result in a total loss
- There are no profit guarantees
Before investing, you should be aware of both the opportunities and the risks. Only invest what you could lose.
Conclusion
Overall rating of Crypto Boom
Overall, this makes Crypto Boom makes a solid impression. The technology appears to be innovative and the customer support professional. The fee and cost structure is pleasantly fair.
However, the provider lacks a little more transparency for a final assessment. The advertising statements could also be formulated a little more cautiously. However, the basic seriousness is given.
For cautious investors who are aware of the risks, Crypto Boom may well be an interesting option. But it remains a high-risk financial product.
Recommendations for potential users
In principle, you can certainly give Crypto Boom a chance. However, potential customers should note the following recommendations:
- Do not develop exaggerated profit expectations
- Only invest what you could lose
- Carefully observe and document the platform
- Remain cautious and spread risks
Those who use crypto bots such as Crypto Boom responsibly can have good experiences. However, excessive risks should be avoided as the crypto market is extremely volatile.
Simone Aescher is the founder and operator of the successful crypto blog aescher-ai.ch.
After studying business administration at the Frankfurt School of Finance, she gained over 5 years of professional experience in the financial sector. However, her passion has always been the financial markets and investments.
In 2019, Simone Aescher finally turned her hobby into a career and founded her blog. She shares her in-depth knowledge of shares, ETFs, cryptocurrencies and much more.
As an active trader, Simone is constantly testing new brokers, robo advisors and trading apps. With her honest product reviews, she helps her readers to separate the wheat from the chaff.
With her academic background, many years of experience and practical expertise as an investor, Simone Aescher combines the ideal prerequisites for competently analysing and evaluating the financial markets.