4 Best Paid Crypto Signals Channels on Telegram
Crypto trading signals are groups that bring together traders who then act on the advice of the signal provider. The signal provider may base their advice on news, technical analysis, or other methods. Since these groups are paid, it means that the administrators can spend all day studying the charts, reading the news, and developing their trade signals so that you don’t have to.
Another advantage of using paid crypto signals groups is that since cryptocurrency markets are significantly smaller when compared to traditional financial markets, coordinated buying activity can influence prices. This is means that at least being part of a paid group can keep you somewhat informed of which cryptocurrency may be subject to being influenced at any given time
In this article, I will be reviewing 4 of the best paid crypto signals channels on telegram, and take a look at some of the unique advantages that they have to offer.
1. MYC Signals (@MYC Signals)
MYC Signals is associated with the website Mycryptopedia, which specializes in providing educational content on cryptocurrency and blockchain technology to enthusiasts of all levels. Having extensive knowledge of the technology that underpins digital assets as well as market dynamics is an essential quality for crypto-market analysts, and the Mycryptopedia team is well qualified in this regard.
This knowledge certainly seems to be paying off— profits on their signals in the last couple of months have ranged from a modest 3.5% to as high as 300%. Some of the signals take place within time frames as short as 10 minutes, while others can take as long as a week.
How's how you can get started with them:
1) If you have telegram then be sure to reach out to the admin, @MYCSupportBot, as well as to join their free crypto signal group, MYC Signals. Alternatively, if you don't have Telegram, feel free to contact them via email: [email protected] and they'll walk you through how to get started.
2) They offer 2 premium channels for you to join: MYC BitMex Signals VIP and MYC Binance Signals VIP. The membership can be paid via any cryptocurrency of your choice or via card over at their payments page.
3) Once you’re all signed up and you’re a premium member, they’ll work with you to make sure you can follow their signals as easily as possible, as well as to solve any problems you may have. They tout 24/7 customer service so regardless of which time zone you live in, you can be sure that you’ll get a prompt response.
2. Mike’s Premium Signals
Mike is a seasoned crypto veteran, and his signal trading group has quite a few loyal followers. The group focuses primarily on Binance, although there are also some signals for Bittrex. Mike's style of signals tend to favour longer trades so don't get too worried if you find yourself holding for quite a while. Furthermore, This might be a good group if you are interested in technical analysis— Mike will sometimes go into depth explaining the reasoning behind a certain signal.
Mike also offers private portfolio analysis services if you’re interested in getting some advice about the “big picture”.
3. Verified Crypto Traders
Verified Crypto Traders group has the distinction of being a legally registered entity in the Netherlands. They provide signals from Binance, Bittrex, and Bitmex, as well as crypto news updates and overall market analysis.
Their silver package costs $900 per year, and includes Bitmex signals only. To get altcoin and Bitcoin signals, you’ll have to go for the $1100 a year gold subscription, or the $2070 a year platinum subscription. The platinum subscription includes extra signals, but it’s unclear if it’s really worth the extra thousand dollars, although, some subscribers have reported higher accuracy in the platinum group. They are one of the few groups that offers live trading support, and subscribers can also build up their knowledge about crypto and trading in their webinars.
While certainly not being cheap, verified crypto traders can be seen to be up there when it comes to paid crypto signals groups.
Whaletank is one of the more established signal providers out there, and is known for its handy dashboard feature, which can make tracking your portfolio and trade performance easier. It also aggregates crypto news from hundreds of sources to help you make trades on breaking news stories. The Whaletank team has also developed a risk calculator, which can be useful for managing how much risk you take on.
You’ll pay a bit more for all these features; a two month subscription is 0.05 BTC, or you can save by going for the 2 year subscription for 0.2 BTC.
Whaletank offers support for Binance and Bitmex.
While following crypto trading signals through the use of a provider is becoming increasingly popular due to the amount of returns you can make, it is also important to select carefully.
As nearly all these groups are paid, it's important to always be aware of how much value you are receiving in exchange for how much you're paying.