NapBots is a crypto trading platform offering automated bots and copy trading features for different investment styles. In this review, we are going to check the various performance aspects of this system, including features, trading fees, price, profitability, working principle, support exchanges, etc. to see whether it is a viable investment.
What is NapBots?
This is a platform that allows you to trade in crypto coins without any manual input. You can connect to an exchange and choose a bot that is suitable for your profit objectives. It lets you keep a close eye on the performance of the portfolio.
Here are the main features of the system:
The vendor offers a 7-days trial for all the plans. This is useful because it allows you to test the features of a particular plan without investing any real money.
Easy setup process
You can easily start trading on this platform in three easy steps. There is no need to study an extensive guide to know about the features of the system.
You don’t need to come up with your own strategies with NapBots. There are expert investors whose trades you can copy.
The parent company behind this platform is called Napoleon Crypto Group, which is based in France. It was launched in 2016 by Stephane Ifrah, Jean-Charles Dudek, and Dr. Arnaud Dartois, all of whom are experienced professionals in the finance industry.
How does it work?
After signing up on the platform, you need to select the exchange you wish to link to. Next, you can choose one of the strategies from an extensive library of high-performance systems. You can combine multiple signals simultaneously. Once you select a plan, the bot will start trading automatically.
How to sign up with NapBots?
To sign up, you need to visit the official website and click on the Open Account button. This will take you to the sign-up page where you need to enter your name and email address and choose a password. Also, you ought to read the terms and conditions and accept them.
Does NapBots offer a demo account?
For each plan, there is a test mode where you can practice crypto trading using a demo account. This is a great way to test your strategies using virtual money.
Profitability of NapBots
No crypto trading platform can guarantee success. The crypto market is highly volatile and there are several factors influencing the prices of coins. This system has advanced strategies that you can use to increase your probability of success.
Payments, deposits and withdrawals
You can deposit or withdraw crypto using this platform. All of that occurs through your exchange.
The exchanges supported by this crypto bot include FTX, Kraken, Binance, BitMEX, Okex, and Bitpanda.
What about customer support?
There is a contact form on the website through which you can get in touch with the support team. The support team is available from Monday to Friday, 9:30 AM to 1 PM and 2 PM to 6 PM GMT. You can on-call support using the phone number shared on the website.
Benefits of using NapBots
Here are the benefits:
- Supports top exchanges
- No hidden fees
- Trading on autopilot
Drawbacks of using NapBots
Let’s look at the drawbacks:
- New trading platform
- Limited leverage
There are three pricing plans called Silver, Gold, and Platinum. The prices for these plans are €19/month, €49/month, and €99/month, respectively. With the costlier plans, you get more included budget and advanced features.
What are the security measures?
This platform connects to exchanges using secure API keys, but it does not have 2-factor authentication.
Is NapBots legit?
This is definitely a legit crypto bot. It has a rating of 4.0 out of 5 on Trustpilot, based on 184 reviews.
Ease of use
There aren’t too many advanced functionalities for this system so it is quite easy to use.
Is NapBots a good choice for automated trades?
The simple user interface of NapBots and its compatibility with top exchanges make it a decent choice for automated trading.
What are the risks of using NapBots?
Crypto trading always carries some risks, but you can mitigate them using risk management principles.
Review verdict: user-friendly platform with basic features
If you are someone who likes to trade with high leverage, this platform isn't ideal for you. Otherwise, it is quite suitable for beginners who have never traded in crypto before. There is a wide range of strategies to choose from and the system is updated with new strategies frequently.