Frequently Asked Questions
How it works ?
Cryptospreadtrader.com is a cloud based software that triggers buy and sell signals to your favorite exchange. Simply connect your account with your API key and the bot will directly trigger buy & sell orders on the exchange according to specific events.
This software can be used by beginners or professionals for trading on medium and small time frames. It follows a very simple logic that works in any market conditions. Using multiple entries, the bot ensures a very high success rate as it can cover significant market moves without triggering a loss.
Why should I choose your software ?
We aim to be the most simple and effective trading bot on the market.
Most of the products on the market can be categorized in 2 different types, each having their limitations:
- Blackbox – You have no idea of what the bot is doing and only trust what the creator did. Often they offer market places to buy other creator’s “blackbox bots”.
- Toolbox – You have access to tons of indicators and parameters and it usually gets most of the users lost. It also requires a very good understanding of the markets which is not the case of everybody.
We were not satisfied of theses 2 solutions and decided to create our own.
We simplified the configuration to its basics keeping both flexibility and simplicity. We also communicate on the strategy so that our users know exactly what the bot will be doing at each time.
Cryptospreadtrader.com removes both Blackbox and Toolbox limitations offering a clear strategy structure to guide the user in creating a profitable strategy.
What do I need to start ?
You need an account on one of the supported exchanges which are Binance and HitBTC for the moment. More exchanges are to be added soon.
Is it suited for beginners ?
If you are a beginner, we recommend that you clone other traders’ bots and learn from theses examples. You will receive free tutorial videos when you register that will go into details of the functionalities. We also added alerts to the system if we estimate that you are taking too much risk with your configuration.
Is it suited for professionals ?
Yes this bot is perfectly suited for professionals and also offer high speed order replacement (specially on HitBTC) to keep on top of the orderbooks’ bid and ask which is ideal for scalpers and bid/ask spread trading.
Does the bot have access to my crypto currencies ?
The bot can only place orders on your exchange through the API Keys and cannot withdraw it. Your crypto currencies always remains on your exchange. We will NEVER ask for withdrawal permissions.