Botsfolio Review – Pricing, Supported Exchanges, Profitability & Returns

botsfolio
7.9
Botsfolio Review – Pricing, Supported Exchanges, Profitability & Returns
Botsfolio Review – Pricing, Supported Exchanges, Profitability & Returns
You don’t need to stress yourself much by inputting and adjusting bot parameters and strategies. Everything is handled for you.
The pricing is cheaper than most in the markets now, with higher returns.
Automated trading means that you buy the dip and sell the top without having to check your portfolio again and again.
It is very beginner-friendly
Even though it is automated, you are still in control of your investments. The bot cannot withdraw your money.
It makes trading decisions based on your risk tolerance level. Also, if your portfolio dips below your initial investment, it limits the number of trading decisions it makes until your portfolio is back above water.
It offers a referral bonus of ten dollars for every invited user who completes a paid subscription

Most trading bots currently in the markets allow you to pick out a trading strategy and then automate the implementation effectively. This means that part of the brainwork still needs to be undertaken by you. You have the responsibility of picking out what trading strategy will work for you. New investors may find that a source of frustration.

How would you feel if you did not have to go through all that? What if you had a bot that took care of all the thought processes for you, and the only thing you needed to do was sign up and expect your earnings? This article will explore just that. We will talk about Botsfolio, a crypto trading bot unique among others, and examine the various merits and demerits.

Please note that this article should be considered crypto investments advice.

We recommend Bitsgap instead

SUMMARY


  • Botsfolio allows both beginners and expert traders to trade successfully without having to rack their brains through picking out the right strategy.
  • It is currently available for traders on Binance and Coinbase exchanges. Binance US will be added soon
  • It requires a minimum investment of 1,000 USDT
  • It doesn’t have a flat pricing method. Instead, its pricing is dependent on the size of the portfolio being managed.
  • It uses an API system that only accesses your account for trading purposes and not for withdrawals.
  • All you have to do is specify your risk level, and you’re done.

SUPPORTED EXCHANGES


As of writing, two exchanges are presently supported, namely Binance and Coinbase. Support will be added for Binance US in the near future.

BOTSFOLIO SERVICES


Botfolio operates by means of a series of bots, each with its own strategy. The percentage of your portfolio that each bot works with is based on your risk tolerance level. Once that is set, the system apportions fractions of your crypto portfolio to each bot accordingly.

The platform will look into your risk appetite and make moves according to it. Furthermore, Botsfolio has strategies to help users manage their funds with risk management intelligence incorporated into the robot.

Let me now introduce each of those bots to you:


  • 👉 LONG BOT: As the name implies, this bot makes long-term investment decisions for you when it senses such opportunity in the markets. It is the least risk-intensive of all the bots and generally gets between 80-90% of your portfolio to work with. It also diversifies your portfolio into 10-15 large-cap coins with solid backings.
  • 👉 SCALPER BOT: This bot scans the markets for scalping opportunities, making profits from small price movements.
  • 👉 SWINGER BOT: This bot trades along with price swings. Thus it may take a few weeks or months to close a trade depending on how fast the market swings.
  • 👉 TRENDY BOT: This bot follows trendlines and only makes a trade when it is clear that a trend has been formed.
  • 👉 HEDGE BOT: This is the only bot that partakes in futures trading. When it sees that there is an opportunity to make a profit from futures trading due to market volatility, it swoops in and takes a hedge position. Then it closely monitors each leg of the hedge and closes one leg off when there is clear movement in the opposite direction.

PERFORMANCE


So far, Botsfolio has earned mainly positive reviews from those who have used its services. On its website, it brags that it can churn out around 10% return on investment per month. This means about 120% ROI yearly. From what we have heard from its users, it doesn’t seem to be an exaggeration.

Bear in mind, of course, that market conditions are not predictable. Therefore the returns may not always be like that. Also, past achievements are not an indication of future performances. It’s up to you to determine how much you can afford to put on the platform, at least for a start.

PRICING


There are four pricing plans depending on the value of your portfolio. Annual or monthly payment options are available. Regardless of the amount paid, a 15% performance fee is charged on your profits four times a year. Payments can be made in either BTC, BCH, ETH, or LTC. The payment plans are as follows:

  • For a portfolio value between 1,000 and 3,000 dollars, the fee is $5 per month.
  • For a portfolio value between 3,000 and 10,000 dollars, the fee is $10 per month.
  • For a portfolio value between 10,000 and 50,000 dollars, the fee is $15 per month.
  • For a portfolio value between 50,000 and 100,000 dollars, the fee is $20 per month.

SECURITY


With Botsfolio, you don’t have to worry about security. This is because it doesn’t have the ability to withdraw funds from your account on the exchange. The API system it uses is encrypted and only requests access to make trades on your behalf. Any profit made along the way is deposited into your wallet address on the exchange and available for use however and whenever you want.

Regarding the safety of your funds, the bots do all they can to preserve your net value and reduce trading risks. Regardless of your risk tolerance level, the platform engages in risk management schemes to preserve and increase your capital. Some of them are:

  • It doesn’t trade unless the markets seem reasonably safe to do so. It doesn’t rush, nor does it trade based on emotions. (How can it? It’s a bot!)
  • It uses only a small percentage of your portfolio for high-risk trades like futures
  • If the markets dip and your portfolio go lower than your initial investment, it limits the number of trades it makes until your portfolio recovers.

FINAL THOUGHTS


No one likes to have funds just sitting around when you can use them to make more money. Sometimes people are reluctant to put their funds to work in the crypto environment because they do not know how to trade and are afraid of losing it all.

With Botsfolio, that is taken care of. All your trading decision are made for you while you get your profits regularly. What could be better than that? Don’t get all excited, though. Cryptocurrency investment is still a very risky endeavor. Therefore, only put in money you can afford to lose.

We recommend Bitsgap instead

Read also:

FREQUENTLY ASKED QUESTIONS


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7.9 Total Score
Botsfolio

Ease of use
8.5
Pricing
7
Supported exchanges
7
Security
9
PROS
  • You don’t need to stress yourself much by inputting and adjusting bot parameters and strategies. Everything is handled for you.
  • The pricing is cheaper than most in the markets now, with higher returns.
  • Automated trading means that you buy the dip and sell the top without having to check your portfolio again and again.
  • It is very beginner-friendly
  • Even though it is automated, you are still in control of your investments. The bot cannot withdraw your money.
  • It makes trading decisions based on your risk tolerance level. Also, if your portfolio dips below your initial investment, it limits the number of trading decisions it makes until your portfolio is back above water.
  • It offers a referral bonus of ten dollars for every invited user who completes a paid subscription
CONS
  • The number of exchanges it works with is currently limited to only two.
  • It claims to be an establishment that opens crypto trading to the masses, yet it has a minimum of 1,000 USDT as starting investment. That’s too high.
intelligent crypto
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Crypto arbitration still works like a charm, if you do it right! Check out Bitsgap, leading crypto arbitrage bot to learn the best way of doing it.

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Petar Jovanović

Petar Jovanović

I am Petar and I come from a small country in South-Eastern Europe called Serbia. I am a big-time crypto enthusiast and I am proud to be a part of the project. My job with Captainaltcoin is the content editor and content writer position. Feel free to shoot me a message on Facebook if you would like to get in touch and talk about the emerging crypto world. Stay safe!

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