Cryptocurrency is a highly volatile marketplace, so many traders seek help from signal providers. These services let users know what crypto to buy and sell when based on market data, in an effort to maximize profits. But, are crypto signals worth it? Many require a subscription fee, though would traders be better off investing that extra money based on their own judgment? Here’s the need-to-know info on crypto signals.
Are crypto signals worth the money?
Some crypto signal services are worth it for serious investors. More reliably accurate providers — like Fat Pig Signals — are quite expensive for casual traders and might not be worth the investment.
Fat Pig Signals offers three subscription tiers: 0.5 Ethereum (ETH) for three months, 0.75 ETH for six months, and 1.25 ETH for 12 months. At the time of writing, those are equivalent to respective $1,620, $2,430, and $4,051 subscription fees. It’s possible to earn that money back (and more) should the notifications prove accurate, though there’s no guarantee of a return. As such, it’s somewhat of a risky proposition for beginners — that being the group that’s most in need of such a service.
There are also cheaper equivalents, of course, like the appropriately named Crypto Signals. It’s just £175 ($242) for a 12-month subscription, though the service is less renowned and features a limit of two to three signals daily.
Some traders outright denounce signals as scams to facilitate pump and dump schemes, though that isn’t always the case. It is important to note, however, that the information they provide could be inaccurate and traders still make investments at their own risk.
Are there any free crypto signals?
Yes, there are free crypto signals. Traders can join the free Crypto Signals Telegram and receive three free cryptocurrency signals a week.
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