Crypto Base Scanner Review : Is Cryptobasescanner.com Scam?
Welcome to the Crypto Base Scanner review. On the sales page of Crypto Base Scanner, the vendor tells us that we can trade wisely and never miss a trade, thanks to their Crypto Base Scanner algorithm.
The app is available in Android, Windows, iOS, Linux and web versions. Like many Cryptocurrency robots in the market, the Crypto Base Scanner works by analyzing market history.
The reason it has the name ”Base” is because the app developers just decided to come up with a fancy name to mean support and resistance.
Therefore, this is not rocket science. ”Base” is calculated 24/7. The app is supposed to send notifications via your preferred channel if price behaves in a certain way in relation to the ”base”.
The question is, can we trust Crypto Base Scanner app?
Crypto Base Scanner Review
The app is compatible with a number of major exchanges on the web, some of which are controversial.
There are certain advantages that this app comes with. However, this does not mean we should ignore the disadvantages altogether.
According to the site, Crypto Base Scanner app is able to quickly scan the market for big drops in price.
There is also a feature called Fat Finger Alert which allegedly alerts traders when there is a big price drop and there are still coins to buy.
Generally, this Cryptocurrency bot promises to make work easier as it syncs all the exchanges which you are using as well as the markets which you are intending to trade.
Crypto Base Scanner Review – links with 3commas platform
In order to automate the processes that Crypto Base Scanner applies, traders are supposed to subscribe to another service called 3Commas.
3commas platform is designed to help traders create robots according to their strategy.
And with an API in place, traders can monitor how their bot is performing through the Cryptobasescanner.com user interface.
In other words, if users want to completely automate the entire process of trading, they have to use another third party, which in this case is known as 3commas.io.
To utilize the services of 3commas, traders are required to pay a fee of $50, $100 or more depending with their needs.
It is not clear whether 3commas is charging a one time fee or a subscription-based fee.
That is what I have for now. I will be updating this Crypto Base Scanner review as soon as I find more info.
How to use Crypto Base Scanner
If you’re going to use this robot, it is a must to have some trading background. This is as par the instructions which are contained in the manual.
In as much as the robot’s interface consists of buttons and figures/percentages that you will need to work with to create your own trading strategy, you will need to know how to interpret that data and turn it into actionable info.
If this kind of task sounds daunting, it is because you are not a seasoned trader, and Crypto Base Scanner may not be suitable for you.
The app is designed for day trading and swing trading as well. There are various settings in the app that lets users trade the 1 hour time frame, 4 hour time frame and above.
You’d select these settings based on how fast you want signals to come from the app.
Generally the higher the time frame, the more the duration it will take for signals to show up.
What I like and dislike about Crypto Base Scanner
The sales page does a good job at presenting instructional videos on how to use this app or its trading methodology.
Secondly, there are no promises with regards to the kind of earnings you can make in a month.
The disadvantage is that there are no verified performance results, only a 30-days trial.
If you decide to upgrade, you will pay $23.96 per month or $15.96 every month for 1 year.
If this app is quite good as explained on the sales page, I do not see why the developers should price it so low.
If this is not a compilation of some generic indicators, we should be purchasing a licence for hundreds of dollars as opposed to a couple of backs.
Price is a reflection of the amount of work that went into the trading app. Be the judge.
And of course their physical address (Web2000 BV Finnenburg 132 2591XT Den Haag) which they claim is not a visiting address is suspicious.
Why would they deny those who want to visit the chance to do so?
Crypto Base Scanner Review – conclusion
The app sounds quite tedious for a newbie to get a hang of it. If you are a newbie in Cryptocurrency trading, I would in fact advice that you stick to these Cryptocurrency trading bots.
I do not think that the Cryptobasescanner bot is a bad product in its entirety. However, there are certain aspects of the bot that makes me ask questions.
I would certainly appreciate more info if this was available from real users. Otherwise, it is safe to stick to my recommendations here.