Forex Robots

Superalgos Review: Is This Crypto Bot Safe and Legit?

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Superalgos Review: Is This Crypto Bot Safe and Legit?

As a community project, Superalgos is created by users for users. According to the vendor, this crypto project is free, open-source, and is run by one of the biggest communities of algo traders. The project might be a bit complicated for new users, but a series of participative tutorials are available to help them learn how to use the interface with ease.

Coinrule: pros and cons

Pros Cons
Free to use Susceptible to errors
Supports copy trading Lack of user feedback
Several strategies are available Not beginner-friendly
Lack of performance data

About Superalgos

Superalgos is an open-source infrastructure platform. It incorporates all the vital components of crypto trading automation in a visual scripting environment. And it also helps both technical users and developers to create, test, and launch crypto trading bots.

Superalgos review: key features

These are some of the features that define the bot:

  • It is open source, so anyone can contribute to the code.
  • Users are allowed to follow other traders’ crypto bots to copy trades utilizing the free social trading apps and free signals offered.
  • The platform introduced the SA token that gives users a voice in governance and access services such as AI predictions and signals.
  • It is not RAM-intensive as a single committed gigabyte is adequate to utilize the GUI. More gigabytes may be needed for extreme charting, though.
  • You are advised to use Chrome and Safari browsers for running the GUI.
  • It enables you to trade many markets, conduct unlimited backtests, and launch numerous bots

Superalgos: trading strategy

Superalgos offers numerous strategy options. For instance, it facilitates systematic trading. This approach entails designing both simple and sophisticated strategies. This happens  while adhering to a logical framework and writing straightforward rules. It also means making use of indicators and data in the market. Other supported strategies include smart holding, algorithmic trading, and discretionary trading.

Security of Superalgos

The development team says it tries to make the platform safe. The software will run on your computer, ensuring you have full control of the API keys. No third party will be involved in your trades. Hence, you don’t need to entrust your assets, keys, strategies, or personal info to other people. Its security is hence in your hands. Last but not least, GitHub keeps the code in a public repository, utilizing GIT technology. Therefore, it records all changes made over time, so auditing can be done any time.

Is Superalgos safe?

Although we have learned that Superalgos is safe, it is still prone to errors that may cause you to suffer losses in the crypto market. For this reason, you are advised to take necessary safeguards before you begin trading live.

How much does Superalgos cost?

The software is completely free. If interested, just visit GitHub and access the code at no cost.

Deposit and withdrawal

There’s no information about the subject of deposits and withdrawals as it relates to this bot on the official website.

Does Superalgos charge fees and commissions?

The crypto exchange you are working with may be the one that asks you to pay fees and commissions and not Superalgos.

How much profit can it earn?

The profit you earn with the bot will rely on your coding and trading skills, as well as on the market conditions.

Company reputation

The platform was invented and bootstrapped by three individuals. One is Luis Molina, the lead developer who has a history of working in Fintech for 15 years. The other professional, known as Julian Molina, is an all-time entrepreneur in engineering, Fintech, arts, design, and manufacturing. Lastly, we have Andreja Cobeljic, who is the head of derivatives trading at SEBA Bank AG.

Superalgos reviews

The bot doesn’t have customer testimonials featured on any of the trusted review sites, such as Trustpilot and Forex Peace Army.

Who is Superalgos for?

Superalgos may be suitable for traders who want to take an active role in writing their strategies and hence dictate how their bots will approach the market.

Superalgos: supported devices

You can use the bot on several devices, including Windows, Linux, or Mac OS systems.

What exchanges does Superalgos support? 

Superalgos integrates with these exchanges:

  • Binance
  • Binance.US
  • Gemini
  • Coinex
  • KuCoin
  • Poloniex
  • Bybit
  • Luno
  • Coinbase Pro
  • Kraken
  • Bithumb
  • Coinex
  • Huobi
  • Etc

Superalgos: customer care

The platform provides customer care through several channels. These include email, Telegram, Discord, community resources, tutorials, community forum, blog articles, etc.

Superalgos review summary

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Superalgos can be accessed for free by anyone who wants to leverage automated bots to speed up their trading in crypto. The platform also allows you to copy the signals of more experienced traders to augment your income. However, the software is prone to errors, which can lead to loss of money. Moreover, beginners may even have a steep learning curve trying to get their way around the software.

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