SmartBit Boost Review – Scam or Legitimate Crypto Trading Platform
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SmartBit Boost is a crypto trading platform that asserts that it helps investors navigate the volatility of the crypto market through its suite of AI-enabled trading tools. Calling them faster, precise, and profitable, the platform reportedly allows all kinds of investors to generate profits in the crypto space.
This SmartBit Boost review for 2024 will analyze the website’s content and assess the veracity of these claims to give a final answer.
SmartBit Boost – Summary
| Supported Crypto | Bitcoin, Ethereum, Litecoin, Monero, Solana, Bitcoin Cash, and Dash |
| Accuracy Rate | Offers no details |
| Available on Mobile | No mobile app is available |
| Fees | No fee details are available |
| Customer Support | Registered users can access it |
| Withdrawal Speed | No withdrawal speed-related info available |
| Minimum Deposit | $250 |
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
What is SmartBit Boost?
With Bitcoin’s increasingly volatile action, it has become crucial for investors to look for platforms that can make trading a bit easier.
SmartBit Boost is one of many platforms that have emerged on the scene, claiming to provide the services that investors need.
Reportedly, these services have a faster disposition toward analyzing market conditions and providing accurate price predictions, and when these two factors are combined, they provide a more profitable trading venture.
SmartBit Boost, also known as SmartBit Boost 2.0 and SmartBit Boost Pro, reportedly makes trading more accessible thanks to its simplified UI.
“All the needless systems have been removed”, the site claims, stating that only customizable trading applications according to a trader’s needs are put in place.
The platform has also provided limited detail about its focus on security. It states that the safety of funds and transaction data is important, which is why it has implemented cutting-edge security practices endorsed by “top-professionals”.
However, these words are mostly meant to market the perks it has rather than offer any real information. Online reviews of the platform are few. Those available provide little insight into the features that SmartBit Boost, also known as SmartBit Boost Trade.
That said, SmartBit Boost is one of the few platforms with an actual social media handle. There is an active SmartBit Boost page on Reddit, where articles about the role of AI and trading are posted. While that is impressive, there are only three members on this page.
Commencing trading on the platform requires a deposit of $250. However, when it comes to other fee details, the platform only mentions that it is supported by the network fees.
Within the context of crypto, that would mean the blockchain fee. However, SmartBit Boost doesn’t mention whether it supports crypto as a payment option.
SmartBit Boost Pros and Cons
The following points highlight the pros and cons of using SmartBit Boost for trading crypto:
Pros
- Multiple cryptocurrencies are supported
- Reportedly has a high win rate
- Claims to provide market insights
- Has a simple sign-up process
- Supported by the network fee, per the claims
- Affordable fees, per third-party reviews
Cons
- Not available in the US
- Offers no insight into its developers
- No clear detail is mentioned about how it works
- It is fuzzy on key details about its fee structure
- Offers no evidence to back its claims of accuracy
How Does SmartBit Boost Work?
SmartBit Boost claims to be the second iteration of the existing version of the platform. Calling itself SmartBit Boost 2.0, it reportedly uses advanced AI tools to simplify trading.
Once users enter the website, they can use the simplified sign-up options to gain access to trading features. Once these features become accessible, users may gain access to an AI crypto trading bot.
According to the website, the bot has several settings, although none of them have been named. Investors can reportedly use them to ensure that the autonomous trading systems follow a predetermined path to trading.
Trading aside, investors will also reportedly get access to precise market analytics about different cryptocurrencies that the platform supports. Per the website, investors will be able to diversify their investments thanks to the presence of cryptos such as Bitcoin, Bitcoin Cash, Monero, Litecoin, Ripple, and Dash.
Security is also said to be one of the key features of this auto crypto trading platform. Standard encryption protocols have been reportedly put in place to ensure that investors are protected.
Depositing the minimum amount is also easy, as users can use any major credit or debit card or electronic payment system, such as Neteller.
Reportedly, the simple interface supports these utilities, focusing on easing new investors into the crypto space and offering veterans a simpler trading experience.
SmartBit Boost – Top Features
According to the platform, the following are the key features that make it stand out from the rest.
Quick and Easy Setup
Investors don’t need to download an application to start trading on SmartBit Boost. Since the platform is essentially a web app, all that’s required is to go to the website, enter the details, and press the sign-up button to proceed.
Support for Multiple Assets
Diversification is key when it comes to cryptocurrencies. Bitcoin is hovering around its $72k mark. However, meme coins and Solana-based cryptos are outperforming it. Therefore, investors are better off parking their funds into multiple assets. Diversification is a feature that SmartBit Boost delivers.
Intuitive Trading Interface
In line with other crypto trading platforms, SmartBit Boost also claims that users will get access to an intuitive trading interface. They won’t have to worry about dealing with complicated systems. It’s just a simple system to adjust the bot settings and let it trade on investors’ behalf.
Access to Real-Time Marketing Insights
According to SmartBit Boost, users will get access to real-time market insights. While how the details are delivered is not known, there are rumors that users will get access to notifications, as well as crypto signals, to keep them abreast of market changes.
Secure Trading Environment
“Security is not just an option but a necessity”, the website claims. It states that it has integrated smart encryption and security protocols to ensure that an investor’s transactional data and account stay safe. A secure and reliable trading environment will be provided, according to the platform.
Round-the-Clock Customer Support
The platform claims that SmartBit Boost’s customer care is “always here for you”. Asserting itself to be more than a platform but a community, it states that it is akin to a friendly neighbor, always ready to assist traders in any way.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
SmartBit Boost Fees
According to the website, SmartBit Boost doesn’t charge any fees. “Our project is supported by the network fees”. While it doesn’t provide much detail about this, it could mean that it charges the same fee as a blockchain network during the transaction. However, this detail is very vague, and more clarification is required. Therefore, it is always a good idea to talk to the customer support team.
SmartBit Boost Minimum Deposit
Like most platforms we have reviewed before, SmartBit Boost, also known as SmartBit Boost Trade, requires a deposit of $250. This is a minimum deposit requirement that must be once an account is created. Even though the site reportedly supports crypto trading, the only way to make this payment is using a credit card, a debit card, or electronic transfers like Neteller.
Is SmartBit Boost a Scam?
It is important for investors to stay privy to the website’s true nature before engaging with it for their crypto trading needs. In order to assess a site’s legitimacy, the key factors to look into are its claims and whether they hold true.
In SmartBit Boost’s case, the claims made, although many, aren’t that critical to warrant suspicion. However, investors must still keep an eye on certain key points.
The website is notably reticent about sharing key details, such as its fee structure. There is not even a single table discussing the fee. The only time we noticed the term “fee” was when we were looking at the network fee. However, that information is very vague.
Other details are also halved. While the site is said to be an automated trading platform, it also talks about providing manual trading features.
But after discussing manual trading once, the rest of the content doesn’t pay heed to it. It feels like manual trading is not its key attribute.
While that’s not an issue, there is a lack of information about the bot’s capabilities. The site claims to be using an award-winning trading system, but there is no proof available online. We found that there is proof highlighting the efficacy of the bot. SmartBit Boost states that the win rate is high but fails to give us an actual percentage.
However, that can be seen as a positive since it indicates that the website doesn’t make any tall promises. Furthermore, the platform’s responsive nature can be found to be positive.
Based on our findings, it is difficult for us to determine the legitimacy of SmartBit Boost. We advise investors to exercise caution and invest wisely.
How to Use SmartBit Boost?
Investors can leverage the steps given below to start trading on SmartBit Boost:
Step 1 – Visit the Official Website
First, visit the official SmartBit Boost website and start creating the account. Enter the required key details, such as name, email, and phone number, to proceed. Make sure that the details you enter are accurate.
Step 2 – Deposit the Amount Required
Deposit the minimum amount required to start trading on the platform, which is $250. As we mentioned before, credit cards, debit cards, and electronic transfers are the only available options.
Step 3 – Start trading on SmartBit Boost
Once all the steps are taken and the account is funded, you are ready to start trading. Assess the site’s features clearly first and find out if there is any way to test them. If not, stay in touch with the customer support team in order to ensure that you don’t face any issues during your trading sessions.
How to Delete a SmartBit Boost Account?
There are no discussions anywhere on the website about how one can delete their SmartBit Boost accounts. It is likely that the customer support team will be able to help investors with that information. An alternative path would be to search for the “delete account” button and remove the account. Make sure that there is no money left in it beforehand. Because once the account is deleted, it is highly likely that the stored amount will be removed as well.
Have Any Celebrities Endorsed SmartBit Boost?
SmartBit Boost hasn’t been able to gain the attention of any celebrity. It is because, by all appearances, SmartBit is a recently launched trading website. However, we advise that investors must stay cautious in these AI-driven times. Fake AI adverts of bots featuring the likes of Andrew Tate and Elon Musk have been emerging on social media sites, such as Facebook. It may be long until we encounter an ad featuring Elon Musk talking about the perks of SmartBit Boost. Stay vigilant.
Who is the Founder of SmartBit Boost?
There is no About Us page on the official website to tell us anything about SmartBit Boost’s founders. We even explored the platform’s Reddit page to get a proper answer to this query. However, we came up empty. The Reddit page, even though rich with AI and crypto content, only has three members as of writing this guide. It has provided no information about who these founders are.
Latest Bitcoin News
Here is the latest Bitcoin news to know before the upcoming halving:
- Bitcoin has blown past its $70k resistance and is currently trading above $72k.
- Technical analysis by CoinDesk suggests that Bitcoin may surpass $80k in May 2024.
The Verdict – Is SmartBit Boost Legit?
Questions about SmartBit Boost’s legitimacy are warranted, especially since the information provided is so sparse. We don’t know who made the website, and even though there is a Reddit page available, it lacks any activity that could be helpful to those who want to engage with it.
Furthermore, the website doesn’t make it clear how efficient its trading features are. All we know is that these features may be helpful for hands-free trading, but that’s not enough. Fee details are also not present.
All these points make it very difficult for us to judge whether the site is legitimate or a scam trading platform. We recommend conducting your own research before proceeding.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
FAQs
What is SmartBit Boost?
SmartBit Boost is a crypto trading platform that advertises itself as a system that offers robust trading perks with its autonomous trading modes. It claims to support most major cryptos and requires a minimum deposit of $250.
What is the fee to trade on SmartBit Boost?
SmartBit Boost does not provide information about its fee structure. It only states that a network fee supports the project. Investors must contact the customer support team for more information.
