Botcrypto is a platform that claims to let you gain an edge on the markets. As per the vendor’s claims, you can save a lot of time and grab the latest opportunities with the trading bots offered by this system. In this review, we are going to analyze all the different aspects of this platform.
Botcrypto is a trading platform offering a wide variety of strategy templates and indicators. It has an intuitive user interface and a blog section where you can learn more about cryptocurrency trading.
The most important features are as follows:
- Readymade strategies
Botcrypto has different types of trading strategies shared by community members. If you don’t have the required technical skills to build your own strategies, you can simply choose one of these. If you are a pro trader familiar with trading strategies, you can create your own strategies and get paid for sharing them.
Thanks to the backtesting feature, you can get instant feedback on your strategies. The backtests can be conducted with more than 3 years of data and live simulations.
- Strategy builder
This platform has an intuitive visual editor. As such, you can let your creative juices flow and build your own strategies. There is no coding knowledge required for this.
- Emotion-free trading
Since this is a fully-automated system that works on a preset logic, emotions are successfully eliminated from the trading process. This leads to better decision-making and steadier profits.
How does it work?
To get started, you first need to sign up on the official website. After choosing a plan, you need to connect your exchange account to the platform. For this, you must create API keys on the exchange and add those API keys on Botcrypto.
To create conditions in your strategies, you can use a wide range of indicators like Bollinger Bands, EMA, Ichimoku, Keltner Channels, MACD, Moving Average, RSI, Stochastic, etc. You can take the help of the strategy creation tutorial if you are not sure how to proceed. The platform sends notifications on the website as well as through webhook. When you choose webhook notifications, you can get live notifications via Slack and Discord.
Using these bots, you can send manual orders to an exchange. The platform itself does not impose minimum trading volumes, but some exchanges might have minimum volumes.
At this moment, this platform only supports two exchanges namely Binance and Kraken.
How does Botcrypto stand out?
This system is different from others because of the fact that it charges zero commissions. There are a total of 26 indicators available on this platform and this allows you to create a wide range of strategies. You can also use Dollar-Cost Averaging strategies to reduce the risk of investing at the wrong time by smoothing investments over time.
Best for: DCA strategies
With this bot, you can invest a fixed amount at regular intervals. You have the option of creating a strategy from a blank page, but it is also possible to import customizable trading strategies from the store.
Apart from the free plan, there are three paid plans known as Bronze, Silver, and Gold. The prices for these plans are €9.99/month, €29.99/month, and €59.99/month, respectively. With the costlier plans, you can have more bots and incoming webhooks on the markets. There is also a custom plan where you get customized features and no ceiling.
How safe is Botcrypto?
This platform does not have withdrawal rights, so your funds are safe on your exchange. For added security, you can enable 2-factor authentication.
This platform was launched in 2017 and it is based in France. The key members of the team are Constantin De La Roche, Theo Poizat, and Mehdi Boussaad. On the official website, you can find the official email address of the support team.
Is it a good choice for beginners?
Beginners will find this platform well-suited to their needs. It has a free plan where you can test unlimited strategies in a simulated environment. They can also access readymade strategies shared by the community.