With its promise of providing faster, more accurate, and more profitable price predictions, SmartBit Boost claims to be a crypto trading platform that can make gains for investors.
Boasting that investors are put at the forefront, this trading tool claims to provide bespoke trading solutions that focus as much on profit as they do on security. This review will assess whether these claims are true.
SmartBit Boost – Summary
Type of Platform
Advanced crypto trading platform
Minimum Deposit
$250
Claimed Success Rate
Success rate not mentioned
Supported Assets
Bitcoin, Dash, Bitcoin Cash, Ethereum, Litecoin, Monero, and more
Mobile App
Mobile app not mentioned
Withdrawal or Deposit Fees
Fee details not mentioned
Customer Service
Community-based customer support available
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
What is SmartBit Boost?
“Entering the dynamic world of cryptocurrency is daunting, but we’re here to navigate you through every twist and turn.” These are the introductory words of SmartBit Boost, an automated trading platform that promises to simplify and increase the profitability of crypto trading.
According to the website, the platform’s advanced AI can help investors spot new opportunities and quickly make strategic trades.
Furthermore, the platform claims to have been tailored to investors’ financial aspirations, allowing entry by depositing the minimum required amount of $250.
The website also mentions security and privacy features. According to SmartBit Boost, also known as SmartBit Boost 2.0, these features allow investors to keep their assets safe during trades.
The site also claims to be an award-winning trading system, confident in the accuracy of its crypto trading robot that reportedly never misses any market indicators.
In addition to a standard autonomous trading mode, SmartBit Boost also mentions a manual trading mode. However, it hasn’t provided many details about it.
Although these features are interesting, there isn’t much evidence to support them. The website itself doesn’t clearly highlight its features, and there are no customer reviews available.
Even though there is a Reddit channel belonging to this trading platform, there are too few members now to make the site relevant. Therefore, it is important for investors to take necessary precautions before interacting with SmartBit Boost.
Who Created SmartBit Boost?
No information exists about the creators of SmartBit Boost. Furthermore, the website lacks an ‘About Us’ page. And the button that’s available on the homepage redirects to the different sections of the page itself.
The lack of founder details is troublesome. However, in the case of SmartBit Boost, it might not be a big deal. The site only says that it supports crypto trades, and platforms supporting cryptos often don’t like to reveal their background.
That being said, people have become enlightened when it comes to crypto trading. They seek more transparency. Therefore, the lack of founder-related information is something to consider before picking SmartBit Boost.
How Does SmartBit Boost Work?
SmartBit Boost doesn’t offer any insight into how it works. However, it has mentioned some key details that make it easy for it to discern the way it operates.
The platform, also known as SmartBit Boost Trade, describes a simplified sign-up with no download requirement. This means that users can access the site using a web app. According to the website, the registration process is simple, which means that once on the platform, users can enter the details and sign up without extended waiting periods.
Once users commence trading, they may get access to alter the settings of the trading bot. The platform describes its algorithms as highly sophisticated or ‘sharp-as-a-tack’.
These settings may consist of stop-loss and take-profit settings. Users may also pick which crypto assets to invest in. Options available on the platform include Bitcoin, Bitcoin Cash, Litecoin, Monero, Ripple, and Dash.
Once the bot is activated, it may look for opportunities to buy and sell digital assets. SmartBit Boost says the bot is known for its high win rate. However, the official website does not give an actual rating.
After the trade ends, the bot may transfer the profits to the account. The website does not mention whether it cuts any commission before making that transfer.
There is also a feature known as “Fast Account Replenishment” that reportedly allows users to instantly invest funds in trading using traditional fiat methods.
While the website also mentions the presence of a manual trading mode, it has given no information to highlight it. We don’t know what features will be made available to users and which details investors will be allowed to play with.
SmartBit Boost Pros and Cons
As we analyzed this platform’s autonomous trading features, we found the following drawbacks and benefits.
Pros
- Supports multiple cryptocurrencies
- Trading is available using fiat currencies
- Claims to offer a highly accurate trading system
- The platform says that it is supported by network fees
- Customized trading options are available
Cons
- No information is highlighted about the makers of the platform
- There is no in-depth explanation of the platform’s manual trading features
- The minimum deposit requirement is too high
- No historical data for us to verify its accuracy rate
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
What Devices Can be Used to Access SmartBit Boost?
SmartBit Boost, also known as SmartBit Boost Pro, explicitly states that it doesn’t require any download, which indicates that it is a web-based application. And since it is a web-based application, it should be capable of running correctly on all devices.
Although we couldn’t access the platform, we tested the website on several devices. Whether on the desktop, laptop, or mobile, the website opened correctly. There were no missing texts or twisted buttons, and the loading speed wasn’t bad either. While it may have to do with the site being a one-pager with minimum content, it gives us hope that the platform may perform in the same way.
SmartBit Boost Supported Countries
There is no information about which countries support or don’t support SmartBit Boost. It is likely that it is accessible globally. However, we tested it using ExpressVPN and found that some regions of the US may find it difficult to access this platform.
But it also revealed that using a VPN is not barred on this platform. We recommend most users leverage a virtual private network when interacting with this website. However, stay cautious and only do so after having a clear picture of the local laws.
SmartBit Boost Top Features
The platform has highlighted the following four features on its official website:
Intuitive Trading Interface
SmartBit Boost highlights that it has an intuitive trading interface. “We believe trading should be accessible to everyone,” the website claims, stating that whether a person is dipping their toes into the crypto world for the first time or is a seasoned trader, a platform’s design shouldn’t be overly complex. Therefore, beginners as well as veteran investors may find that using this platform is easy.
Support for Multiple Assets
Even though the platform’s name is SmartBit Boost, where the term “Bit” has been referred to as Bitcoin, the website states that it believes in diversifying assets. As a result, it reportedly has a broad selection of cryptos to choose from. The exact number of assets that users will have access to is not known. However, it has been said that investors will find access to tokens like Bitcoin Cash, Ethereum, Litecoin, Solana, and more.
Access to Real-Time Market Insights
According to the website, users will be given access to real-time market insights, allowing them to stay abreast of the market’s updates. Even though the exact insights people may have access to are not mentioned, many say that SmartBit Boost has a charting tool and a news section that constantly offers new details about the market in the news feed.
High Profile Security Features
According to the website, users will have access to high-profile security features designed to keep their assets safe. These reportedly include security protocols and advanced encryptions. With such a high level of security, investors may feel safe using this platform without any issues.
Other features that stood out to us as we scanned the website’s content include.
Simplified Sign-Up Process
The Bitcoin robot states that there is no need to provide any cumbersome KYC details in order to register. Only simple details, such as name, email, and phone number, are required.
Robust Customer Support
The website claims that users will have access to a diverse array of ways to reach out to the customer support team. SmartBit Boost defines this team as a community that acts like a “friendly neighbor” who is always ready to lend a hand. Per the website, they can help with anything related to using the trading app.
Is SmartBit Boost a Scam?
There is a significant lack of information surrounding SmartBit Boost. There is no insight into its features. There is no way to test the efficacy of the automated trading tools that it reportedly has. The site claims that it has a high win rate but fails to provide crucial details about its effectiveness, and there is no way to test any of the platform’s features without having to create an account.
What compounds the problem is the lack of reviews from customers. The Reddit page that SmartBit Boost has only has 4 members, and most of its posts are links to blogs related to AI and crypto investments.
However, even though the community is small, SmartBit Boost does have a community that aligns with its mission of creating a place for members to interact with each other.
On the other hand, we found the lack of information about founders and manual trading mode to be a red flag. Manual trading mode has been mentioned once on the website, but no further explanation has been given. It makes it seem like the term has been only used for marketing and nothing more.
As far as the founders are concerned, not even a speck of information is available online. We tried to look into their Reddit thread but didn’t find anything.
Therefore, we cannot give a precise answer about whether it is a scam or a legitimate trading platform. At best, our recommendation would be to talk to the customer support team for more answers.
What is the Minimum Deposit Requirement on SmartBit Boost?
The minimum deposit requirement for SmartBit Boost is $250. The website states that this amount is all an investor needs to embark on their crypto trading journey. The platform also states that users can decide the pace at which they want to add more funds to their accounts.
SmartBit Boost Customer Support
SmartBit Boost claims that its customer support is community-based and accessible throughout the day. Users can reportedly ask them any question related to using the platform or trading crypto.
How can investors reach out for support? The platform does not provide that information. Many review sites have stated that using email and telephone is the best way, but the only way we found was through the Contact Form. Even though simple, we didn’t get a response quickly.
How to Start Trading on SmartBit Boost?
Here are the three steps that SmartBit Boost has highlighted for those who seek to start trading on the platform.
Step 1 – Get Started
The first step is to go to the official SmartBit Boost website and fill out the details mentioned on the registration form. Once the form is submitted, investors will receive an email with a verification link.
Step 2 – Financing the Account
Once the investor clicks the link, the account will be verified. At the same time, investors will be taken to a page to deposit the minimum required amount. They must use the available methods to deposit $250.
Step 3 – Start Trading
After making a deposit, investors may be able to access the site’s trading features. They can alter the settings of their trading bots before commencing investing in desired assets.
How to Delete a SmartBit Boost Account?
SmartBit Boost doesn’t say anything about how one can delete their accounts. That being said, talking to the support team might work.
Another way would be to go to the dashboard and delete the account. But even those steps will contain questionnaires (most likely).
The third option is to retrieve all the money deposited into the account and then leave it as is. A dormant account may be removed later.
The Verdict
SmartBit Boost advertises itself as a fully automated trading tool with a manual trading mode as an add-on. However, no further information is available on the website.
That lack of detail reverberates through other aspects of the platform, from founder-related information to the efficacy of the trading bot. While there is a SmartBitBoost Reddit page, it has no members, and no engagement is available.
Therefore, it is recommended that investors exercise caution when using this trading platform.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.