Smartbit Boost Review 2024

Thanks to artificial intelligence and machine learning tech, any crypto investor can choose from a wide range of trading bots to automate the trading process. In this Smartbit Boost review, we will take a look at one of the newest AI trading platforms to enter the market.

Our team spent time carefully assessing the bot’s website and reading user reviews to understand whether Smartbit Boost is a legitimate platform to use. Keep reading through our full review to find out.

Our Take on Smartbit Boost: Is it Legit?

With so much conflicting information out there, it’s sometimes difficult to confidently say which platform is legit. However, after carefully reviewing the Smartbit Boost platform, we can conclude that Smartbit Boost is a legitimate trading program.

Just the same, understand that investing in cryptocurrencies is a high-risk game. Although we found Smartbit Boost to be a legitimate program, we caution you against making unsound investment moves on the platform. Remember, you’re solely responsible for all the trading decisions you make on it.

What is Smartbit Boost?

Smartbit Boost is a crypto trading robot that promises freedom to its users. The AI-based platform targets new and experienced investors seeking easy access to cryptocurrency investments. 

According to its website, the service grew from its founders’ frustrations with the crypto trading process.  These (developers/founders) sought to eliminate the stress of constantly monitoring and analyzing the market for profitable gains.

Their search led them to Smartbit Boost AI, a system they describe as being “powerful, smart, fast, highly systematic and tireless.” Besides saving you the grind of physical trading, this robot suggests it can help you find exceptional investment breaks with 99.4% accuracy.

The team says four critical values underpin this service: honesty, tangible results, AI integration, and a deep appreciation of humanity. It adds that theirs is an inclusive system that helps people sharpen their crypto trading skills.

What Does Smartbit Boost Do?

For an initial investment of $250, Smartbit Boost introduces you to crypto asset investments. The robot uses its AI-driven algorithms to analyze the market continuously. Its advanced mind can work out millions of combinations per second, helping it forecast price shifts accurately. 

This way, the algorithm gives you the tools to avoid unnecessary risks and losses. It also exposes you to a diverse portfolio of crypto assets, setting you up to earn a passive income. Smartbit Boost insists that it intends to provide you with stable earnings over the short and long terms.

Smartbit Boost Trading Platform Overview

In a while, we will examine the Smartbit Boost bot in depth to understand what makes it tick. But before then, here’s a rundown of the platform.

Type of trading platform:	AI-based crypto trading platform
Assets available:	Popular cryptos, including Bitcoin, Ethereum, Bitcoin Cash, and many others.
Minimum deposit:	$250
Bitcoin trading fees:	None
Customer service options:	e-mail
Regulated by:	It doesn’t say.
Trade size limits:	It doesn’t mention any.
Available leverage:	The platform is silent on this.

Pros and Cons of Smartbit Boost

This crypto trading bot claims to have high accuracy levels and features that would pull many traders. But it isn’t without its drawbacks. Here are some of the robot’s benefits and limitations:

Pros

Cons

• Using its ML and AI tech, Smarbit Boost provides up-to-date market analyses and predictions for accurate decision-making.
• Its automated trading feature eliminates human errors or biases that can impact profitability.
• It could be an affordable trading platform for many as it charges no other fees besides the initial deposit.
• Its clean and intuitive user interface makes learning and navigating the program a breeze.
• The bot has an effortless registration process that does away with KYC checks.
• Although it’s an automated trading system, Smartbit Boost also supports customizing trading parameters.
• Its fiat on-ramps setup lets you deposit and withdraw funds in your local currency.
• It offers a demo account that helps you polish your crypto investing strategies before jumping into live trading.

• We couldn’t find any data to back up the high accuracy rates it claims to have.
• The bot is silent on who its real owners/developers are, which is a major red flag for any investment product.
• Though it claims to be a fee-free platform, the $250 initial deposit is still high for many investors.
• It doesn’t give an in-depth explanation of its educational content and how it curated it.

A Closer Look at The Key Features of Smartbit Boost

By now, you have a fair grasp of the Smartbit Boost robot. Let’s take a look at the key features of the platform.

AI and ML technology

AI and ML technologies are the heartbeats of the Smartbit Boost bot. Using its AI capabilities, this crypto trading robot can analyze vast datasets, identifying patterns and trends from market sentiments, price shifts, transaction volumes, etc. 

Meanwhile, the bot’s ML functions give it an edge over the human brain in analyzing historical data. The feature enables Smartbit Boost to spot parallels in market data, an essential ingredient in predicting future prices. The two technologies work together to help you make informed trading decisions.

Automated trading tools

With Smarbit Boost, you don’t have to engage in the actual trading physically. The bot does all the donkey work for you through its algorithm, which scans the market 24/7 for trading breaks. Once it finds a good opportunity, it executes your orders automatically.

This automation not only saves you from the back-breaking work of identifying profit-making entry and exit points. But, it also frees your investment decisions of human errors and biases. Drawing from its AI and ML features, the bot can keep a “cool head” in effecting transactions better than us.

Risk management tools

We all know how unpredictable the cryptocurrency market can be. That calls for caution regardless of the “guaranteed success rates” any trading platform promises. Smartbit Boost is aware of this reality and offers different options to manage your risks, such as diversification, stop-loss orders, and long-term investments.

Educational resources

Smartbit Boost describes itself as a company that provides information and tools for AI-based crypto investments and trading. But, in our interaction with the platform, we couldn’t find any educational material for its users. The site is also silent on the materials’ type, scope, and providers.

Customizable charts

One feature of the platform that caught our eye was its provision of charts covering a range of technical indicators. You can tweak these to suit your trading goals, risk profile, and investment needs. With these customizable charts, the robot gives you some control over the final trading decisions.

Customer service

Smartbit Boost presents itself as a customer-first trading platform. That’s why it calls its customer service team a community. You can contact the representatives to address any issues with the app via the email address provided. 

Payment methods

Many investors crave smooth trading experiences, which essentially involve how easily they can move funds into and out of their accounts. Smartbit Boost understands this need and hence provides various payment options. In addition to bank transfers, you can use supported credit and debit cards for your transactions.

How to Use Smartbit Boost in 2024

Smartbit Boost offers and easy and accessible onboarding process. All it takes to activate your account  is completing the four simple steps we’ve outlined below:

Step 1: Fill out the registration form

As with any crypto trading bot, the first step in getting started with Smartbit Boost is signing up for the platform.

That will require you to go to the platform’s official page, where you’ll fill in the provided registration form. 

Step 2: Complete the phone call verification

After you submit the filled form, Smartbit Boost will assign you one of its representatives to guide you through the remainder of the registration process.

This representative will call and ask several questions to activate your account. They’ll also answer any questions that you may have concerning the service.

Step 3: Fund your account

After activating your account, you’ll be ready to deposit. Smartbit Boost requires a minimum deposit of $250 to get you going.

The bot allows you to make this advance payment through its supported credit and debit cards.

Step 4: Fill out the trading parameters

Next, access the site’s dashboard and set your trading limits. For instance, you can set stop-loss and take-profit measures to limit risk exposure.

Remember to factor in your risk tolerance and investment profiles when determining these trading parameters.

Is Smartbit Boost Safe?

There are many scams circulating the crypto market that aim to take your funds. However, Smartbit Boost appears to be a safe platform to use.

The robot assures all investors that it prioritizes user protection. Hence, the site uses high-grade security features like SSL certificates and multiple encryptions to safeguard your data. It also guarantees that only CySEC-registered engineers and brokers run its systems and processes.

How Do You Make Money with Smartbit Boost

You can make money on the Smartbit Boost platform in two main ways. The first is trading crypto assets using CFDs. Here, you and a counterparty agree to trade an asset neither of you owns.

The contract spells out the terms of your engagement. You essentially bet on the said asset’s price movement. For instance, you may reckon that Bitcoin will rise and enter a position along those lines. If BTC gains, the other party will pay you the difference between the coin’s lowest and highest prices and vice versa.

Another way to make money with the bot is by trading foreign currencies. This approach involves pitting one currency’s performance against another and looking for opportunities to sell your holdings at a profit.

A popular method is arbitrage trading, that involves exploiting market imperfections to sell assets you bought cheaply at a higher price.

What is the claimed success rate?

Smartbit Boost claims an accuracy of 99.4%. However, we couldn’t independently verify those claims. Crypto is a highly volatile asset, requiring caution when investing in it. 

We advise that the bot’s claimed accuracy shouldn’t blind you to the potential losses you could incur with crypto. So, as much as it may appeal to you, take measures to protect your investment from sharp price shifts.

What Have Other Users Said About Smartbit Boost

So far, we’ve given you a one-sided view of the platform, but what are other users saying about it? We sampled some of the users’ opinions on the bot from its website. This is what they say about it:

“Living with my husband and kids, my family’s needs have always been our top priority. However, with two little ones to care for, it’s been challenging for me to assist my husband in any significant way. But everything changed a month ago when I discovered Smartbit Boost. I decided to invest my personal savings in this platform, and within just a month, I earned four times more!” 

Grace a 33-year-old Melbourne resident.

“I couldn’t believe how simple it was to make money on the Smartbit Boost platform! I’ve always lacked the money to…But with Smartbit Boost, I can now earn three times more every month by just working a few hours from home.”

Kareem a 40-year-old Londoner.

However, as with any platform, the bot has also attracted criticism from other users. Users not impressed with its offerings have raised questions about its legitimacy. They contend that the platform doesn’t provide proof of its ownership or regulation. 

Top Tips for Using Smartbit Boost Safely

Smartbit Boost adopts robust security measures like multi-factor encryption and SSL certification. But that doesn’t take away the responsibility of using your account safely. In fact, the site categorically states in a disclaimer that users bear sole responsibility for their actions and decisions while using the platform.

To use Smartbit Bot safely, you must adopt prudent online practices while trading with the bot. These include protecting your account with two-factor authentication, which provides an additional layer of security, preventing unauthorized access.

Additionally, you must be careful with how you store your login details. Avoid sharing this information with others or storing it where unscrupulous actors can access it. While at that, it’s important that you log off the system to complete your actions and avoid using public networks.

Again, ensure you only log into your account on the genuine Smartbit Boost website. That’s because many clones of the platform are out there waiting to prey on the unknowing trader. Likewise, avoid clicking on any links that you are unsure of, as these may expose you to phishing attacks.

Final Thoughts

Smartbit Boost presents itself as your go-to tool for financial freedom. It claims that its machine learning and AI technology will guarantee you major gains in your crypto investments. However, crypto assets are unpredictable, and things may not always turn out how we wish.

So, we urge you to use the robot cautiously. Although we have no reason to believe that it is a scam, you should only invest with money that you can afford to lose.