CryptoCrypto Bots

Botsfolio Review: Can You Make Money With It?

3 Mins read
2.4

Botsfolio provides powerful crypto trading bots that allow you to trade like a professional. As per the vendor, you do not need to be tech-savvy for setting up the bots to achieve profitable results. The bots are designed to automatically work effectively using professional investment strategies. 

Botsfolio: first impression

Crypto trading on autopilot is assured by the platform with its efficient bots. The vendor provides past performance records that show a monthly ROI of 10.95%. However, these are not verified by a reputed third-party site so we are unable to assess the true performance. 

What’s Botsfolio?

Botsfolio offers an effective beginner-friendly platform for crypto trading with its automated bots. This crypto platform boasts using the best risk management methods. The bots are fully automated to minimize losses and maximize profits as per the vendor.

Using Botsfolio

The service diversifies your total investments into a combination of long-term and short-term strategies based on your financial goals and risk appetite. You can keep track of your trading progress and history using the intuitive dashboard. The platform trades on your behalf from your exchange .

How to install Botsfolio software? 

Installation of the software is easy and can be completed with the following steps:

  1. Visit the official site and create a new account by entering your email and password
  2. Log in to the site and decide your investment allocation in different trading strategies by answering a few questions
  3. Choose a pricing package as per your investment amount
  4. Add the investment amount to your exchange and connect your exchange to the service
  5. The bot will automatically trade using your account. You can track the trading activities via the visual dashboard

What does Botsfolio have to offer?

Some of the significant features that the service offers are:

Fund safety

The platform integrates with Binance, Coinbase Pro, and OKX. All your funds are held in your exchange account only with the bot having permission only for trading. 

No coding skills needed

The bots are designed to trade automatically 24/7. Once you install the software and activate it, the bot will track the market movements and price changes and execute trades on autopilot. You do not need to build a strategy or configure the bot. 

Diversified investment

The platform automatically diversifies your net investment under different strategies. The segregation is based on your financial goals and the level of risk that you specify while installing the software.

Trading strategies offered by Botsfolio

The platform offers long-term and short-term approaches such as scalping, hedge trading, futures trading, and value investing.

How Botsfolio pricing works 

A basic amount per year is charged by the service for the maintenance of the bots on the cloud. In addition to the yearly fees, a 15% performance fee is charged per quarter on the profits you make from the trades. The pricing is based on the value of your portfolio as follows: 

  • $1000 to $3000–$4.75 per month
  • $3000 to $10000–$9.50 per month
  • $10,000 to $50,000–$14.25 per month
  • $50,000 to $100000–$19 per month

Ethereum, bitcoin, bitcoin cash, and Litecoin payments are accepted by the vendor.  When compared to the market average, we find the pricing, which includes the basic amount and the performance fee, is expensive.

Fees & commissions

A 15% commission fee is charged by the service for the trades you execute via the bots.

Available exchanges

The service supports only three exchanges namely Binance, OKX, and Coinbase Pro.

Botsfolio company overview

From the website info, we find the service is promoted by KribX Inc., located in the United States. We could not find further details on the company such as its founding year, team members, and more. 

Botsfolio time in business

From the Twitter page of the service, we find it has been live since 2020. 

Customer support and user experience

For customer support, the vendor provides an email for support inquiries and a second email address for marketing. Links to the social media pages of the service on Facebook, Medium, and Twitter are present. User-friendly interface with an intuitive dashboard is present for easy access to all features of the bot. 

Security, safety, and privacy 

As per the vendor, user funds are held safely on the exchange account and hence they are safe and secure. There is no other info on the security measures used to safeguard user privacy. 

Is Botsfolio for all traders?

The vendor assures easy setup and efficient strategies without any coding knowledge required for using the platform. The features make it apt for newbies. Professional traders will look for more advanced strategies and tools.

Botsfolio review – our verdict

2.4
Botsfolio provides bots that execute fast, accurate, and profitable trades. Our evaluation of the system reveals benefits such as investment diversification, easy setup, and an intuitive dashboard. The lack of vendor transparency, no proven track record, limited integrated exchanges, and expensive pricing are the drawbacks we noticed.
3.0

Core Features:

2.0

Supported Exchanges:

2.0

Fees and Commissions:

3.0

Brand Reputation:

2.0

Price:

Pros

  • +Fully automated bots
  • +Diversified investment

Cons

  • -No verified performance
  • -Lack of vendor transparency
  • -Expensive pricing
  • -Limited exchange support
Related posts
4.4
CryptoCrypto Bots

Botcrypto Review: Can You Make Money With It?

3 Mins read
Botcrypto is an automated crypto trading service with multiple indexes and algorithms. The platform offers a simple user interface where traders can…
3.0
CryptoCrypto Bots

Coinrule Review: Can You Make Money With It?

3 Mins read
Coinrule provides automated crypto trading bots that help you trade like a professional. The process is simple and does not require coding…
2.6
CryptoCrypto Bots

Botee.Trade Review: Can You Make Money With It?

3 Mins read
Botee.Trade offers fully automated bots that are designed for professional crypto traders. Altcoin and bitcoin trading is done on autopilot on the…

Leave a Reply

Your email address will not be published.

− 4 = 5