NapBots is platform offering crypto bots that require zero skills to navigate. The platform’s bots are designed to take total control of your operations with just a few clicks. Its wide and unique marketplace gives you a chance to select strategies that align with your trading preferences.
The features included in the bot are listed below:
- The bot’s algorithms process market data in real time.
- The system allows you to manage your exchanges from a central account and place trades in a single space.
- It supports copy trading.
- A performance simulator is featured to help you test the platform’s bots and the performance of indexes.
Does NapBots work?
The bot carries out trades for you 24/7 using pre-built strategies. It essentially connects to popular exchanges like FTX, Binance, Kraken, Huobi, etc., through API keys. It then accesses the assets that it will use to trade on your behalf.
NapBots: ease of accessibility
You can easily access this bot by following these 4 steps:
- Create an account with NapBots
- Connect your exchange account to the platform with your API keys
- Choose the bot you want from the list of performing strategies or indexes
- Select the plan that matches your strategy to activate the system
The software is compatible with these exchanges:
A number of strategies, such as mean-reversion, trend following, and uncorrelated approaches are implemented by the bot. You are also allowed to customize your own trading methods as well as use the strategies developed by top traders.
NapBots has a friendly interface design where all the information is presented in a simple and understandable way. The platform also provides a dashboard for users to track their portfolio, access the best performing bots, and keep abreast of the latest crypto news.
NapBots company overview
The bot was created by Napoleon Software, a company based in France and affiliated with Coinshares International Limited. The company comprises a team of data scientists, but none of the professionals is introduced to the trading community.
Time in business
NapBots was launched in 2020. Since then, it has gathered loyal followers and committed users who continue to provide priceless feedback, which the team uses to develop and improve the platform continually.
According to the vendor, the platform is safe and secure as it doesn’t store your funds. Your money remains in your exchange account where third-parties and NapBots cannot access it.
There are three subscription choices for traders interested in this bot. We have annual plans for Silver and Gold packages that cost €16/month and €41/month, respectively. The Platinum option is the most expensive at €83/month. Common features available include access to unlimited exchanges, unlimited weekly bots, unlimited indexes, and support via email or phone. The investment capacity, leverage, access to external bots and new strategies, and other advanced features will largely depend on the amount of money you wish to spend. But we all know, the more you pay, the more features you get.
Are there any fees or commissions with NapBots?
No, the platform does not require you to pay any fees or commissions on trades or profits.
Does NapBots have an API?
Yes, it does. This is the interface that will allow it to interact with your exchange account as it trades on your behalf.
NapBots: performance metrics
The devs don’t make any promises as regards to the amount of profits you will make while using this bot. They acknowledge that it is impossible to predict the behavior of the market 100% of the time.
What kind of support options does NapBots offer?
NapBot’s support options include email, phone, FAQs, tutorials, knowledge base, and live chat. You can also follow the platform on its social media platforms like YouTube, Twitter, LinkedIn, Instagram, etc., to get more info on the offerings, new features, and updates.
Reviews of NapBots
There are a total of 189 reviews for this trading tool on Trustpilot. From the 4.0 rating reported, it is obvious that a good number of clients are content with the service. In fact, there is a user who has profited from the swings of the crypto market thanks to the tools offered by Napbots. A few traders are not happy, though. As you can see in the screenshot below, a trader lost 70% of his initial investment while using the bot. He even spent $1500 in monthly fees, further decreasing his earnings.