CtyptoTrader is an online portal for creating and using automated trade software programs in order to play the cryptocurrency markets. Users pay a monthly subscription fee to access the site and can then either use the auto trader bots created by the community or create their own and offer it to others. CrypyoTrader also offers an affiliate recruitment program.
What Is CryptoTrader?
CryptoTrader was registered in April of 2014 through an anonymous domain name registration service. The website was founded by an anonymous developer known only as “pulsecat” on internet forums; while there doesn't seem to be any easy way to positively identify pulsecat's real name, CryptoTrader's code is open source and is hosted on GitHub for anyone interested in examining pulsecat's programming.
CryptoTrader is an exclusively cloud-based cryptocurrency exchange auto trader bot marketplace. Users can purchase a monthly membership to gain access to the site, and can then access the community's auto trading bots.
Some of these bots are free to use. Others cost a small fee, set by their creator. Members can code and develop their own auto trader bots and offer their services for a fee as well (more on that below).
Membership is broken into tiers, each of which has different capabilities:
- Basic+ – 0.005 BTC per month. Backtesting, email alerts, access to 1 live trading bot, $1000 trading bot equity limit.
- Regular – 0.009 BTC per month. As Basic+ but increases trading bots to 3 and equity limit to $5000.
- Pro – 0.015 BTC per month. As Regular, but adds SMS alerts, margin trading / short positions, access to multiple trading instruments, early access to new features, increases trading bots to 5 and equity limit to $20,000.
- VIP – 0.032 BTC per month. As Pro, but adds priority support, increases trading bots to 10 and imposes no limit on equity.
- Premium – 0.064 BTC per month. As Pro but increases trading bots to 25.
All prices are in Bitcoin.
Independent of the opportunity to access dozens of different auto trader bots to test and use, CryptoTrader members can also create their own software programs and make them available on the website's marketplace, either for free or for a fee. Bot developers receive 70% of the revenue from sales of their bots to community members.
Also, CryptoTrader offers an affiliate recruitment scheme. Affiliates who recruit new members receive 10% of the cost of every subscription purchased by their recruits, plus 10% of any further recurring monthly payments.
CryptoTrader is a well-known and very popular crypto community site for developers that are interested in programming auto trader algorithms for cryptocurrency exchanges. This makes the site relatively niche – it's a subgroup of a subgroup of a subgroup – but there's plenty of value to be had.
At first blush, it may seem counter-intuitive to pay for access to a website that doesn't have a clear indicator of who owns or operates the site. Normally we would warn readers away from companies without enough transparency. In this case, however, since GitHub hosts every line of code that makes up CryptoTrader, that's more than enough transparency for us – even if we don't know pulsecat's true identity.
Can you benefit from a CryptoTrader membership? That depends. Are you a trading bot developer looking to market your own algorithms? If so, you might find CryptoTrader a good environment to do so.
Are you looking for a crypto trading bot of your own? If so, you're in the right place – CryptoTrader is one of the most well-known marketplaces of its kind. There's no guarantee the bot you use will work, but that's life.
Are you looking for an affiliate income opportunity? You can market memberships in CryptoTrader. 10% in perpetuity can create residual income over time, which makes becoming a CryptoTrader affiliate an attractive choice, as long as you plan to diversify your marketing efforts across several different sites – concentrating on CryptoTrader exclusively is unlikely to be a winning combination.
In essence, CryptoTrader looks to be a moderate to good opportunity for anyone who's interested in cryptocurrency trading. The ability to purchase access to trading bots, to offer your own bots for sale, and to earn additional income by recruiting new members is all niche but isn't so niche as to be unprofitable.