Botsfolio Review

Botsfolio Ratings at a Glance

Crypto has proven to be one of the best investments of the decade. Bitcoin recently became the fastest asset to hit a trillion-dollar capitalization. Although cryptocurrency adoption is increasing, many investors are still somewhat reluctant to trade or invest in crypto. Some of these investors are concerned about volatility; others lack the technical expertise to pick the best investment strategies. Another challenge investors face is timing. Many people cannot predict the best entry and exit times. 

Many of these investors are now turning to automated crypto trading to help them buy and sell cryptocurrencies. Crypto trading bots help you avoid human error or emotions when trading or investing. These bots are designed to study the markets and trade assets at the best prices possible. Botsfolio is one of the best crypto trading bots in the crypto space based on its features and services. To get started with Botsfolio, all you have to do is follow the steps below.

Step 1: Create an account and register.

You can sign up on the Botsfolio official website using a valid email and strong password. 

Step 2: Decide your investing goal.

After signing up, you have to decide your investment goals. Botsfolio provides you with a few questions to help you decide how to allocate investment in different cryptocurrencies. Your answers will enable it to formulate a trading strategy that suits your risk appetite. 

Step 3: Connect your exchange.

You then fund your cryptocurrency trading exchange and set up the Botsfolio bot.  It only takes a few minutes to get it up and running.

Step 4: Trade, get updates and enjoy! 

Botsfolio automatically trades from your account so you can relax and track updates on Botsfolio’s visual dashboard. This makes for an incredible trade experience. Currently, Botsfolio supports Binance.com, Okx.com and Coinbase Pro.

Cryptocurrency bot

As a crypto trading bot, Botsfolio manages your crypto investment like a hedge fund manager does for traditional investors. Botsfolio can effectively execute trades within milliseconds of spotting a trading opportunity. The speed of execution maximizes the chances of making profits, unlike when executed by you. 

Cryptocurrency trading strategies

Botsfolio helps you create a trading strategy based on your answers to specific questions during registration. The bot is able to understand your investment goal and risk preference, which it then uses in creating an investment strategy for you.

 By creating a personalized strategy for your short and long-term investment goals, diversification is achieved. Diversification minimizes the risk of losses which is vital considering the volatile nature of the crypto market. The trading strategy adopted is influenced by the length of your investment, risk appetite, type of long-term earning, etc. There are currently four strategies ;

Value Investment Strategy

Value investing is a moderate risk strategy. The bot buys assets at prices lower than the intrinsic value. Botsfolio has a system in place to monitor price drop. In value investing, about 80% of your investment is allotted to high-performing assets and the other 20% to growing assets. Value investing is not a short-term but a longer-term investment strategy.

Hedged Trading Strategy

The hedged trading strategy is a mix of spot and futures trading. Spot trading, also called cash trading, is the buying or selling of an asset for immediate payment and delivery on a specific spot date. 

On the other hand, Futures trading allows investors to gain exposure to crypto without holding the underlying cryptocurrency. In the hedged trading strategy, spot trading is higher at 80% and futures at 20%. The hedge trading strategy is a moderate risk investment.

Futures Trading Strategy

In Futures trading, 100% of the assets are allocated to futures. The risks are very high and so are potential returns.

Investing for fixed income  

Botsfolio provides users with a savings account where they can earn interest at 6% to 8% per annum by using USDT as collateral. Botsfolio savings account allows users to earn a fixed income.

Crypto Buckets

The Crypto Buckets feature allows you to buy at the dip at all times. Basically, your sales are converted to cash and kept in your crypto bucket so that it can be allocated back to buying “at the dip”. In this way, you always get the best deal on each investment. Plus, you are not left to guess when the dip is occurring. Botsfolio does the work for you.

Botsfolio offers three prices depending on your portfolio value. The charges are payable through Ethereum, Bitcoin, Bitcoin Cash, and Litecoin. 

1. For a  portfolio value within the range of  $1k-$3k, the charge is $60 annually. 

Note that all the above investments are subject to a 15% performance fee that is charged quarterly on profits made by the bot only. Currently, Botsfolio offers a 15-day free trial.

Botsfolio does not store nor does it transfer or restrict access to your funds. After setting your strategies, Botsfolio trades directly from your exchange. You remain in total control of your assets and accounts. The Botsfolio API that connects to your Binance, Okx.com or Coinbase Pro account is encrypted, ensuring your account is safe and well protected.

A lot of users across platforms left positive reviews of their experience with the crypto trading bot. As a plus, it is easy to reach the customer service team for support or clarifications. 

With Botsfolio, you do not need to create an investment strategy or manage your investments since the bot is designed to take care of that. Additionally, Botsfolio enables you to leverage multiple investing strategies,  which can help you mitigate risks and bolster returns. Unfortunately, Botsfolio is only available to Binance users at the moment.

Botsfolio vs Competitors

There are 2 key ways in which Botsfolio beats its competitors. 

Control over your assets

A lot of other crypto trading bots store your assets in wallets that can be easily hacked. Some even go as far as controlling how and when you can use your crypto assets. Botsfolio does not store or restrict control over your account or assets.

Hedging

Botsfolio, unlike competitors Mudrex and Napbots uses hedging strategy so that in the event of a loss, the loss is recovered by an opposite position in futures. This way, you are protected from extreme losses.

Botsfolio Users

Busy professionals that do not have time to monitor their trades closely will also love Botsfolio. Beginners and traders who are yet to master the necessary emotional and psychological control required to succeed in the market will find the trading bot very beneficial. Because the bots are designed to configure and manage your investment, saving you time.

Frequently Asked Questions