Botee.Trade is a cloud-based platform using advanced features for making and automating successful strategies in the crypto market. It automates your trading on the exchanges and trades 24/7 efficiently. In this review, we have analyzed the features, strategy, support, security, and other relevant aspects to check the veracity of the vendor’s claims.
What is Botee.Trade?
This is an advanced crypto platform that automates your trading and helps remove the complexity associated with the process. The bot uses smart algorithms and features like TP, SL, trailing stop, etc. It also helps test strategies using real-time data and historical data.
Some of the most important features of the system are:
The bot allows to blend various indicators into a single strategy. It also allows change in the basic configuration of any of the TA indicators like replacing the EMA with SMA in the RSI.
Ease of use
It is a mobile-friendly system so you can access it from your tablets, smartphone, or PC easily. Further, since it is a cloud-based system, you do not need a VPS. The graphical interface is easy to customize and manage.
Secure and transparent
The bot uses dedicated services that have in-built fault tolerance. It trades using API keys with your access level settings and no withdrawals are allowed.
As per the vendor info, the development of the bot started in the third quarter of 2017 and it became operational in 2018. There is no info on the founder or team members, their expertise, or their experience. No location address is present on the official site but the vendor provides a phone number and an email address for contact.
How does it work?
You can create endless bot configurations with the platform. You can alter the basic approach used for the chosen pairs using a combination of any of the available trading tools. Selection of data sources, setting different periods for the indicators, and customization of buy and sell settings are possible with the platform.
How to sign up with Botee.Trade?
To register, here are the steps you need to follow:
- Create an account and set up a password
- Pick a plan from the available packages
- On payment, you will receive an email with login details
Now you have completed the signup. You can use the login details to access the bot and use it.
Does Botee.Trade offer a demo account?
No demo account is present but the service offers paper trading which allows you to test the strategies in real-time using a virtual deposit.
Profitability of Botee.Trade
The vendor offers backtesting and simulated trading methods to ensure you test the approaches before using them in real trading. This helps ensure profitability. However, there are no verified performance reports to confirm the profitability of the bot.
Payments, deposits, and withdrawals
Your deposit is kept safely in the exchange and the bot does not have withdrawal permission. Payments are accepted in Bitcoin only.
The main exchanges the bot supports are:
What about customer support?
The vendor provides support through Telegram and Discord. An email address and a phone number are present on the official site for contact.
Benefits of using Botee.Trade
- Allows flexible trading
- You can combine multiple strategies
- User-friendly platform
- Good security
Drawbacks of using Botee.Trade
- Accepts Bitcoin payments only
- Very limited supported exchanges
A free trial of 7 days, a Standard ($60/month), an Advanced ($120/month), and a Superior ($270/month) plans are present for the bot. Backtests, paper trading, and live trading are common to all plans including the free trial. The deposit needed differs based on the plan you choose. For the free trial, the maximum deposit is $1000 while it is $10,000 for the standard and $100,000 for the advanced plan. For the superior plan, $300,000 is the maximum deposit.
What are security measures?
As per the vendor, user funds are stored in their exchange account and the bot does not have access to the funds. It uses the API keys for trading purposes without any withdrawal permission. All bots have different servers and hosting providers to ensure better service and the design is fault-tolerant.
Is Botee.Trade legit?
From the website info, we find the website is registered for 2020 with Botee.co. A contact email address and phone number are present. There is no further info on the company that reveals the legitimacy of the service.
Ease of use
The user interface is easy to navigate and newbies will find the features very beneficial. The documentation and explanation of the features help users to know about the system.
Is Botee.Trade a good choice for automated trades?
Easy navigation, free backtests, and customizations are advantages that help users have a hassle-free time.
What are the risks of using Botee.Trade?
Some of the risks associated with the service are:
- It does not support many exchanges
- No proven track record is present
- Lack of vendor transparency
Review verdict: a feature-rich automated system
Botee.Trade with its plentiful features is very helpful if you are looking to automate your trading. The flexible strategies and other tools that the bot has to make your crypto trading quick, easy, and efficient.