https://ift.tt/3A8HJr9 Review – Pricing, Supported Exchanges, Profitability & Returns

Botsfolio Review – Pricing, Supported Exchanges, Profitability & Returns

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Most trading bots currently in the markets allow you to pick out a strategy and then automate the implementation effectively. This means that part of the brainwork still needs to be undertaken by you. You have the responsibility of picking out what strategy will work for you. New investors may find that a source of frustration.

How would you feel if you did not have to go through all that? What if you had a bot that took care of all the thought process for you, and the only thing you needed to do was sign up and expect your earnings? This article will explore just that. We will talk about Botsfolio, a trading bot unique among others, and examine the various merits and demerits.

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SUMMARY

Botsfolio allows both beginners and expert traders to trade successfully without having to rack their brains through picking out the right strategy.
It is currently available for traders on Binance and Coinbase exchanges. Binance US will be added soon
It requires a minimum investment of 1,000 USDT
It doesn’t have a flat pricing method. Instead, its pricing is dependent on the size of the portfolio being managed.
It uses an API system that only accesses your account for trading purposes and not for withdrawals.
All you have to do is specify your risk level, and you’re done.

SUPPORTED EXCHANGES

As of writing, two exchanges are presently supported, namely Binance and Coinbase. Support will be added for Binance US in the near future.

BOTSFOLIO SERVICES

Botfolio operates by means of a series of bots, each with its own strategy. The percentage of your portfolio that each bot works with is based on your risk tolerance level. Once that is set, the system apportions fractions of your portfolio to each bot accordingly.

Let me now introduce each of those bots to you:

LONG BOT: As the name implies, this bot makes long-term investment decisions for you when it senses such opportunity in the markets. It is the least risk-intensive of all the bots and generally gets between 80-90% of your portfolio to work with. It also diversifies your portfolio into 10-15 large-cap coins with solid backings.
SCALPER BOT: This bot scans the markets for scalping opportunities, making profits from small price movements.
SWINGER BOT: This bot trades along with price swings. Thus it may take a few weeks or months to close a trade depending on how fast the market swings.
TRENDY BOT: This bot follows trendlines and only makes a trade when it is clear that a trend has been formed.
HEDGE BOT: This is the only bot that partakes in futures trading. When it sees that there is an opportunity to make a profit from futures trading due to market volatility, it swoops in and takes a hedge position. Then it closely monitors each leg of the hedge and closes one leg off when there is clear movement in the opposite direction.

PERFORMANCE

So far, Botsfolio has earned mainly positive reviews from those who have used its services. On its website, it brags that it can churn out around 10% return on investment per month. This means about 120% ROI yearly. From what we have heard from its users, it doesn’t seem to be an exaggeration.

Bear in mind, of course, that market conditions are not predictable. Therefore the returns may not always be like that. Also, past achievements are not an indication of future performances. It’s up to you to determine how much you can afford to put on the platform, at least for a start.

PRICING

There are four pricing plans depending on the value of your portfolio. Annual or monthly payment options are available. Regardless of the amount paid, a 15% performance fee is charged on your profits four times a year. Payments can be made in either BTC, BCH, ETH, or LTC. The payment plans are as follows:

For a portfolio value between 1,000 and 3,000 dollars, the fee is $5 per month.
For a portfolio value between 3,000 and 10,000 dollars, the fee is $10 per month.
For a portfolio value between 10,000 and 50,000 dollars, the fee is $15 per month.
For a portfolio value between 50,000 and 100,000 dollars, the fee is $20 per month.

SECURITY

With Botsfolio, you don’t have to worry about security. This is because it doesn’t have the ability to withdraw funds from your account on the exchange. The API system it uses is encrypted and only requests access to make trades on your behalf. Any profit made along the way is deposited into your wallet address on the exchange and available for use however and whenever you want.

Regarding the safety of your funds, the bots do all they can to preserve your net value and reduce trading risks. Regardless of your risk tolerance level, the platform engages in risk management schemes to preserve and increase your capital. Some of them are:

It doesn’t trade unless the markets seem reasonably safe to do so. It doesn’t rush, neither does it trade based on emotions. (How can it? It’s a bot!)
It uses only a small percentage of your portfolio for high-risk trades like futures
If the markets dip and your portfolio goes lower than your initial investment, it limits the number of trades it makes until your portfolio recovers.

FINAL THOUGHTS

No one likes to have funds just sitting around when you can use them to make more money. Sometimes people are reluctant to put their funds to work in the crypto environment because they do not know how to trade and are afraid of losing it all.

With Botsfolio, that is taken care of. All your trade decisions are made for you while you get your profits regularly. What could be better than that? Don’t get all excited, though. Cryptocurrency investment is still a very risky endeavor. Therefore, only put in money you can afford to lose.

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FREQUENTLY ASKED QUESTIONS

IS BOTSFOLIO SAFE TO USE?

Also, the platform takes good care of your invested capital, employing various risk management strategies to preserve and expand your capital. Thus, even though the cryptocurrency market is very volatile, you can still expect steady gains on your portfolio with Botsfolio.

HOW EASY IS BOTSFOLIO?

Botsfolio is simple to use for both beginners and experts. To start using the service of the platform, you register an account with them by providing your email and a strong password. After that, you’ll be asked some questions which will assess your investment mentality and risk tolerance level.

Once that is done, the last step is to connect the API to your Binance or Coinbase account and sit back as the bots take over and bring you your profits which can be withdrawn at any time.

WHO IS BOTSFOLIO BEST SUITED FOR?

Botsfolio is best suited for newbies in the crypto world who want to make a living off trading cryptocurrencies but don’t know how to go about it. The bots will take care of everything and generate income for them no matter how wild the markets swing.

It is also suitable for experts in the crypto space who just want to have a source of passive income while they focus on other things. They must have a minimum balance of 1,000 USDT to get started. You should also have an account with either Binance or Coinbase or any other exchange that may be added in the future.

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