NapBots offers easy crypto trading with its copytrade marketplace. The automated bots and indexes by the company enable an effortless trading experience. As per the vendor, the indexes and bots use strategies that suit all levels and styles of investment. You can find different types of bots including altcoin, prebuilt, AI, mean reversion, and many more.
About NapBots
NapBots is a platform providing trading bots that use profitable trading approaches which are accessible via its special marketplace. You can connect to the supported exchanges via API connection and have your trading executed automatically with the bots.
NapBots crypto trading bot: how does it work?
The service offers a unique and diversified marketplace from which users can select suitable approaches as per their style and market condition. Using the packages offered by the firm, you get access to many advanced approaches from which you can choose one or a combination of methods. It is also possible to rebalance your portfolio on your mobile for free.
How to set up NapBots?
To start with the service, here are the steps you need to complete:
- Link your trading account to the platform using your exchange API key. The company offers tutorials for every exchange as all of them have dedicated requirements for setup.
- Choose a strategy or a combination of methods that suit your preference. You can also change the approach if needed in a few seconds.
- Pick a pricing plan from the available packages. You can optimize the amount of trading you can do at any given time.
Key takeaways
Important features of the system that make it competitive as per the vendor are:
- The proven crypto indexes allow you to follow and automate your trading approach.
- You can find crypto bots for each investment preference, auto-rebalancing, and day trading.
- A single subscription allows you to manage multiple exchange accounts.
- The dashboard is user-friendly and offers accurate tracking tools.
- Support is provided via tutorials, guides, and one-on-one support.
User interface
The website is well-designed and easy to navigate. The interface includes user-friendly settings that ensure you can access all the features of the site with ease.
Trading strategy behind NapBots
According to the vendor, the strategies available on the platform are designed to suit the different investment levels and styles of users. You can choose from the approaches by using the filters for type, frequency, performance, or cryptocurrency that suits you best. A combination of trend-following and the mean reversal approach are present besides the presence of uncorrelated approaches. The vendor maintains that constant research is underway to create improved and profitable strategies. You can also find short-only or long-only methods.
How profitable is NapBots?
The vendor does not provide proof of the performance of the bots. Without the presence of verified proof, we are unable to assess the profitability of the system.
Safety and security of NapBots
All user funds remain safe and secure on your exchange account. Your account will not be accessed by the company or third parties.
Customer support
For assistance, the vendor offers an FAQ section, tutorials, guides, and links to the social media pages of the company on Facebook, Twitter, etc.
Reputation
The company was launched in 2020 and since then it continues to be a user-centric company that continues improving its services to satisfy user needs. NapBots is part of the Napolean Software, which is an affiliate of Coinshares International Limited.
Team members
As per the vendor, the team members include experienced quant traders who have been successfully managing assets worth several billion euros at tier-one financial groups.
Exchange compatibility
Important exchanges the service supports are:
- Bitfinex
- Okex
- Huobi
- Kraken,
- FTX
- Binance
NapBotspricing: Is it worth your money?
Pricing plans for the service include a silver plan (€16/month), a gold plan ((€41/month), and a Platinum plan (€83/month). All plans have a 7-days free trial. Other features included are unlimited indexes, unlimited weekly bots, and more.
NapBots review: Upsides and downsides
| Upsides | Downsides |
| Diverse bots and indexes to select from | No refund offer |
| 7-day free trial | No verified performance proof |
| User-friendly interface |
NapBotsreview: final remarks
NapBots assures a high success rate with its crypto indexes and bots. It provides easy and efficient management of your portfolio via its dashboard. Other perks we found in the service include user-friendly navigation and features that ensure you trade efficiently. A few drawbacks we found in this system include the lack of a refund policy and the absence of a proven track record.
