NapBots Review 2021: Trade like a Pro
Trading bots are fast becoming the next big thing in the DeFi and blockchain space. Discussions about the potentials and revolutionary tendencies of bots keep trending within the ecosystem, and as such, its awareness and adoption are on the rise. In essence, these components, bots, enable you to trade digital assets even without your full attention. They automatically and independently carry out everything by following a set of laid down algorithms.
While the trading bot market is relatively saturated, there are still some standouts. NapBots has embossed its name within the ecosystem as a reliable platform and a go-to for anything related to trading bots. With that said, if you are looking to adopt NapBots for your automatic bot trading, this review covers everything you need to know, ranging from what it is, to what it can do.
What is NapBots?
In simple terms, NapBots is a cloud-based system bridging the gap between traders and automated trading bots. It runs online and makes these bots accessible to traders of diverse experience levels or approaches to investments. Essentially, the bots execute trades taking your instructions into account or depending on the strategies you prefer, even in your absence. However, there is no guarantee that the bots will definitely generate constant and steady revenue. Nonetheless, whilst nothing is 100%, the bots are effective and excellent to a sizable extent.
One of the most significant upsides to NapBots is the flexibility, adaptability, and dynamism it offers investors irrespective of the extent of their experiences. For example, suppose you are an experienced trader who has sufficient knowledge to navigate the trading ecosystem. In that case, you can put off the Bot Only Mode, which allows you to place trades without interference from bots. Asides from these, it is critical to note that NapBotsis a paid platform with three distinct featured subscriptions. The plan ranges from silver to gold and platinum, which will cost you up to 19, 49, and 99 euros, respectively. Note that this price is subject to change, depending on your trade volume. At the moment, there are other unique and special offers for the gold and silver plans.
Compatible Exchanges
As of today, 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 extend its reach to HitBtc, Revoult, CoinBase, and others in the future. These eight exchanges provide essential trading pairs for investors and traders’ optimum profitability. Some of them were considered by taking the protection they offer into account, while others were for their liquidity which is necessary for trading and executing algorithmic strategies.
Connecting this platform to exchange is pretty straightforward, and you can do this just within a few minutes. On the preferred exchange, you only have to create an API key right on your account, which you will then fill up on the NapBots platform. After connecting the exchange, all you need to do is set strategies, and you can relax and watch the bots execute your preference.
Considering the supported cryptocurrencies, NapBots only provide strategies for a few liquid crypto assets such as BTC, BNB, EOS, ETH, and more, or sometimes, combine them.
How Does NapBots Work?
Essentially, it is important to understand the mechanisms this platform incorporates before delving into it. Usually, this is because there have been widespread misconceptions from beginners that suggest that you must always generate constant and steady revenue at all times. This is false! Bots can also have a bad day. However, in the long term, it benefits significantly more than you lose.
In fact, by instructing NapBots on the strategies to implement to perform trades in your absence, you don’t even need to keep an eye on the market. As a matter of fact, these bots run with no time limit, which can enable you to set it to execute particular strategies for an entire year, or depending on your preference. Besides, with NapBots, you can steer clear of emotional trades in cases of severe volatility or FUDs.
Again, note that NapBots doesn’t require that you deport any form of trading funds on the platform. It is only there to execute your trading strategies from third-party or external accounts. For instance, if you are looking to use the bots on Phemex, then you need to fund your Phemex account. To fully authorize these bots, you must connect NapBots to your trading accounts, with API keys, as mentioned earlier. Whilst the process may differ from exchange to exchange, they are all approachable and straightforward.
Subscriptions
As hinted earlier, NapBots has distinct plans, silver, gold, and platinum, which costs 19,49, and 99 euros respectively. Again, note that these amounts are subject to change depending on your trading volume.
The silver plan allows access to weekly-based automatic signals. It is the most affordable option here but it has limitations regarding auto allocation between a rational distribution and preferred strategy. Suppose this plan doesn’t seem to align with your trading goals. In that case, you can opt-in for the 49 euros gold plan. This plan improves your strategy library, also allowing you to trade roughly 3000 euros.
If more dynamism or flexibility is what you seek in your trading journey, then the platinum plan is available for you. It comes at 99 euros per month, where you can trade up to approximately 5000 euros. The payment options available are Stripe or cryptocurrency.
NapBots also offers a Simulator, which mirrors the functionality of a trading bot with virtual cash. This essentially helps beginners understand how the platform works before investing real cash.
Is NapBots Safe?
Yes, your investment is secure as it never leaves your preferred wallet. The only thing required is an API key that allows the bots to execute trades from your account. So, essentially, NapBots can only help you trade, and not withdraw your funds.
Besides NapBots is a member of the Napoleon group which complies with the laid down standards per the AMF regulations. The bot only makes trading more accessible and approachable while helping users of every experience level optimize their trades by minimizing losses and skyrocketing profit margins. It decides based on price movements or other information as specified by the user. Arguably, it is the best around when it comes to crypto bots. NapBots is the only platform that allows you to combine multiple strategies, even for someone with zero trading knowledge or insufficient experience.
To further ensure that you minimize losses in your investments, NapBots features an active community and practical tutorials to navigate the platform and leverage it to suit your trading and profitability goals.
Bottom Line
Suppose you have read this review right from the start to this point. In that case, you now firmly understand what it entails, offers, and whether it aligns with your requirements.
One standout about NapBots is that it is tailored to suit investors and traders of diverse experience levels. For example, with no prior knowledge about trading, if you intend to apply professional strategies, NapBots is the answer to your requirements. The team is relatively responsive, the UX is enticing and the community is supportive.
The system simplicity is another attention-drawing feature regarding execution and budget allocation. Considering the rates, they are undoubtedly the best value for your money. Pretty affordable compared to the cost of seeking professional trading strategies.
Disclaimer: This article is not intended to be a source of investment, financial, technical, tax, or legal advice. All of this content is for informational purposes only. Readers should do their own research. The Capital is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by reliance on any information mentioned in this article.
