Trading bots are fast becoming the next big thing in the DeFi and blockchain space. Discussions about the potential and revolutionary tendencies of bots are trending within the ecosystem, and as such, their awareness and acceptance are increasing. Essentially, these components, bots, enable you to trade digital assets without your full attention. They do everything automatically and independently by following a series of predetermined algorithms.
While the trading bot market is relatively saturated, there are still some standouts out there. NapBots has made its name within the ecosystem as a reliable platform and point of contact for everything to do with trading bots. So, if you are looking to use NapBots for your automatic bot trading, this report covers everything you need to know from what it is to its capabilities.
What are NapBots?
Put simply, NapBots is a cloud-based system that bridges the gap between traders and automated trading robots. It runs online and makes these bots accessible to traders of different skill levels or investment approaches. In essence, the bots execute trades taking into account your instructions or even in your absence depending on the strategies you prefer. However, there is no guarantee that the bots will definitely generate steady and steady revenue. Nonetheless, while nothing is 100%, the bots are effective and, to a considerable extent, excellent.
One of the main advantages of NapBots is the flexibility, adaptability, and dynamism it offers investors regardless of the level of their experience. For example, suppose you are a seasoned trader with sufficient knowledge to navigate the trading ecosystem. In this case, you can postpone bot-only mode, which will allow you to place trades without interference from bots. That being said, it’s important to note that NapBotsis is a paid platform with three different subscriptions. The plan ranges from silver to gold to platinum and costs you up to 19, 49 or 99 euros. Note that this price can change depending on the trading volume. There are currently other unique and special offers on the Gold and Silver plans.
To date, NapBots is compatible with eight exchanges with plans to add more as the project progresses. Currently, the compatible exchange is Bitmex, Bitfinex, Okex, Phemex, Bitstamp, Bitpanda, Kucoin and Kraken, with plans to expand their reach to HitBtc, Revoult, CoinBase and others in the future. These eight exchanges offer essential trading pairs for optimal profitability from investors and traders. Some of them have been considered for their protection, others for their liquidity, which is required to trade and execute algorithmic strategies.
Linking this platform to the exchange is pretty straightforward and you can do it in minutes. At the preferred exchange, all you have to do is create an API key directly on your account, which you then fill in on the NapBots platform. Now that you’ve connected the exchange, all that’s left to do is set strategies and you can relax and watch the bots carry out your preference.
Given the cryptocurrencies it supports, NapBots only offer strategies for some liquid crypto assets like BTC, BNB, EOS, ETH and more, or sometimes combine them.
How do NapBots work?
In essence, it is important to understand the mechanics of this platform before delving into it. This is usually because beginners have widespread misconceptions that suggest that you need to get constant and constant sales all the time. This is wrong! Bots can have a bad day too. In the long term, however, you benefit significantly more from it than you lose.
In fact, you don’t even have to keep an eye on the market by briefing NapBots on the strategies you need to implement to trade in your absence. In fact, these bots run without a time limit, which allows you to run certain strategies for an entire year or as you wish. Also, NapBots can help you avoid emotional trades when there is high volatility or FUDs.
Again, note that NapBots does not require you to move any form of trading funds onto the platform. It’s only there to run your third party or external accounts trading strategies. For example, if you want to use the bots on Phemex, you need to fund your Phemex account. In order to fully authorize these bots, you need to connect NapBots to your trading accounts with API keys as mentioned earlier. Although the process can vary from exchange to exchange, they are all accessible and straightforward.
As mentioned earlier, NapBots has different plans, silver, gold and platinum, which cost 19.49 and 99 euros, respectively. Again, note that these amounts can change depending on your trading volume.
The silver plan allows access to weekly automatic signals. This is the cheapest option here, but it has limitations in terms of the automatic mapping between a rational distribution and a preferred strategy. Suppose this plan doesn’t seem to align with your trading goals. In this case, you can sign up for the € 49 gold plan. This plan improves your strategy library and allows you to trade around $ 3,000.
If you’re looking for more dynamism or flexibility on your trading journey, the Platinum Plan is yours. It costs 99 euros per month, whereby you can trade up to around 5000 euros. The available payment options are stripe or cryptocurrency.
NapBots also offers a simulator that mirrors the functionality of a trading bot with virtual money. This essentially helps beginners understand how the platform works before investing any real money.
Is NapBots Safe?
Yes, your investment is safe as it never leaves your preferred wallet. The only thing required is an API key that will allow the bots to execute trades from your account. So essentially, NapBots can only help you trade and not withdraw your funds.
In addition, NapBots is a member of the Napoleon Group, which adheres to the standards set according to the AMF regulations. The bot only makes trading more accessible and accessible while helping users of all skill levels optimize their trades by minimizing losses and increasing profit margins. It decides based on price movements or other information provided by the user. It is arguably the best when it comes to crypto bots. NapBots is the only platform that allows you to combine multiple strategies, even for someone with no trading knowledge or insufficient experience.
To continue to ensure that you are minimizing losses on your investments, NapBots has an active community and hands-on tutorials to navigate the platform and use it according to your trading and profitability goals.
Let’s say you’ve read this review from the beginning up to this point. Then you now know exactly what it includes, offers and whether it meets your requirements.
A great feature of NapBots is that it is tailored to investors and traders with different levels of experience. For example, if you want to use professional strategies with no prior trading experience, NapBots is the answer to your needs. The team is relatively responsive, the UX is enticing, and the community is supportive.
The simplicity of the system is another noticeable feature in terms of execution and budget allocation. Given the prices, they are hands down the best value for money. Pretty affordable compared to the cost of finding professional trading strategies.