NapBots assures easy and profitable trading with its automated bots and crypto indexes. As per the vendor, traders who are hampered by the emotions and stress associated with trading will find the service advantageous. The strategies used by the bots are suitable for all types of investment and all experience levels.
NapBots is a crypto platform that designs successful trading approaches which are made available in a special marketplace. The bots created execute trades automatically on some of the major exchanges such as Bitfinex, Binance, Huobi, etc. via a secure API connection.
How it works
The platform offers a diverse marketplace that is unique for its ability to choose strategies that suit your style and market perception. You get access to numerous strategies from which you can choose any approach or make a combo of your own. The service also helps in portfolio rebalancing in just 10 seconds for free.
How to get started with NapBots?
Using the service is a breeze as you need to complete just three simple steps:
- Link your exchange account to the service using your API key. The service has tutorials for every supported exchange as each one has a unique setup. You can link only one account to an exchange
- Choose a strategy from the available list or make your approach by combining multiple strategies. The approach can be changed whenever you need it
- Pick a suitable pricing plan and the service also helps by indicating a suitable plan. It is possible to tweak the frequency and volume of the trades
How much does NapBots cost?
A monthly and yearly subscription plans are available for using this service. No commission fee is charged for the trades that the bots execute.
Fees and commissions
The plans comprise three packages with monthly and yearly pricing. The pricing and features available with the yearly subscription are listed below.
|Silver Plan (€16/month)||Gold Plan (€41/month)||Platinum Plan (€83/month)|
|Unlimited exchanges||Unlimited exchanges||Unlimited exchanges|
|Unlimited indexes||Unlimited indexes||Unlimited indexes|
|Unlimited weekly bots||Unlimited weekly bots||Unlimited weekly bots|
|Email and phone support||Email and phone support||Email and phone support|
|$1000 max investment||$3000 max investment capacity||$5000 max investment capacity|
|Unlimited daily bots||Unlimited daily bots, hourly bots, and pre-built bots|
With the yearly package, you get two months of free subscription. A free trial is present for 7 days. When compared to the market average, we find the pricing is expensive. No refund offer is present.
What exchanges does NapBots integrate with?
The main exchanges that the service integrates with are:
Security and reliability
As per the vendor, your assets are safe on the exchange account and the service does not have access to them. We could not find further info on the security measures that the platform uses.
What languages does NapBots support in their product?
English, French, and Turkish are the chief languages this platform supports for its products.
What kind of support options does NapBots offer?
A knowledge base, an online contact form, and links to Facebook, Twitter, LinkedIn, and Medium are present. The customer support team works 24/7 and answers inquiries within one hour.
The core team
The company is a trademark of Napolean Software, which is affiliated with Coinshares International Limited. A team of quant traders with experience in managing assets worth several billion euros is responsible for the bot creation, execution, and other services of the platform.
Strategy: trend, mean-reversion, and more
Many types of strategies are used by the service including long-only, long-short, a combination of trend following and mean reversal, and uncorrelated strategies. You can pick from the list of strategies or create a new strategy by combining the approaches.
NapBots review: backtesting
No backtesting feature is available for the bots.
As per the vendor, it is not possible to predict market behavior 100% of the time. However, the use of advanced mathematical models and an optimized strategy offered by the platform can help you achieve higher profitability.
NapBots: user experience
The website is user-friendly with easy-to-access features. New users will find it hassle-free to use the platform.
Should you use NapBots?
With an intuitive interface, free trial, and effective working mechanism, the service is best suited for beginners. But the limited features will not appeal to advanced traders.
NapBots Crypto BotNapBots
Fees and Commissions5/10 Neutral
Ease of Use5/10 Neutral
- Fully automated bots
- Pre-built and customizable strategies
- Limited exchange support
- No verified performance