Is Crypto Trader App scam? We will be addressing this burning question in this review. But first, it should be noted that Crypto Trader App is not the same as Crypto Trader, which we reviewed here long time ago. This is a different app but the names are almost identical such that one might think they are all the same thing. According to the sales page of Crypto Trader App, the software is supposed to track the Crypto currency market, the news, the charts and even alerts while you are seated and waiting to collect the money. Unlike many apps that operate like this, this specific app is downloaded and is not accessible on the web. There are versions for both iOS and Android platforms which can be downloaded on the respective stores if a trader is interested in trading with the app.
The website of the Crypto Trader app announces that traders can stay ahead of the competition if they use the app to trade Crypto currencies. It can trade up to 15000 coins in 15 plus different exchanges. It offers real time charts for professional traders who know what to look for in a chart. It is also built with a functionality that allows custom price alerts to help traders get into the market at the most ideal time. Technical analysis tools like EMA and MACD are standard features of this app. The app also supports news trading in addition to consistently adding new features as time goes by.
Some of the coins supported by the Crypto Trader app include Bitcoin, Ethereum, EOS, Ripple, Stellar, OmiseGo, IOTA, NEO, ZCash, 0x, and more. The exchanges supported on this app include Coinbase Pro, Poloniex, Bittrex, Binance, OKEx, HitBTC, Huobi, Bitfinex, Bitstamp, Bithumb, Okcoin, BitFlyer, and more.
According to users who have reviewed it in the Google Play store, this app deserves an average rating of 3.9 stars. In the App store, it has an average rating of 4.3. Most of the people who give their feedback here don’t appear to claim that this app is a scam in any way since it is free to use but we suspect some features will come at a premium price if the developer Zerion LLC decides to make money off the app. But generally, those ratings do not suggest that the app is necessarily bad.
So, what should you know about Crypto Trader app and is this an app that is worth your time? If your confidence is wavering regarding this app, then we have some good alternatives here. For those who want to continue reading this review, you will realize that you have a better understanding of the app at the end of this review.
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The sales page of this app does not present a lot of information as what is available here is just the general information that you’d expect to find on a web page promoting an app like this one. So for this reason, we will heavily depend on customer feedback regarding the app. But first, let’s find out the people behind Zerion LLC and what development experience they possibly have in building these apps.
A good place to find leads would be their Facebook page. Marcus Locke only has 21 followers as at the time of writing this review and does not appear to be very active on this facebook page. In addition to this, the page appears to have been created specifically to promote Crypto Trader app but it is not an active page to help us known the general sentiments of users on social media. Marcus Locke is also quite anonymous as his profile is blank. It seems they hired some developers to build the app since it appears as if they do not have any development experience to start with.
It gets very interesting how users are reviewing this app on both Google Play store and App store. Some users say the Crypto Trade app is really good as it offers excellent charting solutions which has helped them track market history dating back to several months or even years ago. They also praise its mobile friendliness and other functionality elements of the app. However, it also appears that the Crypto Trader app is not necessarily a Crypto trading bot. It does not appear to have the function of automatically buying and selling because this is not addressed in these reviews or their marketing materials. But again what’s the point of making the app compatible with more than 15 exchanges if it does not support automated buying and selling? We believe there must be a way to make the app do the job.
However, there is a section of users who bash the app claiming that its charts and indicators are not interactive and the functionality of the app is quickly dropping in quality. In the beginning of March 2018, some users reported that the app kept crashing but the developer seems to have made a number of updates to fix the bugs. And of course some users seem to be extremely picky as some keep pointing out petty issues like the need to have a search function and so on.
What we realize is that there are no alarming claims of this app ever contributing to loss of funds among its users. The ratings are pretty fair but just like any other trading tool that helps with convenient trading, this app cannot be said to be loss proof.
Yes you are not buying it because the developer has probably figured out some way to monetize the operation. But you still need to be extremely careful when it comes to trading apps. Whether you are doing it on your web browser or through an app like Crypto Trader app, the risk of losing your funds to the market is real.
The app is not necessarily bad. However, if you don’t have confidence in the app, how about using these Crypto apps for trading which are also free?
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