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Botsfolio Review 2024: Pricing and Strategies
Luis Clark
- URL: https://botsfolio.com
- Year Founded: 2021
- Pricing: 0.5% yearly of account value
- Free Trial: No
- Payment Options: Bitcoin, Bitcoin Cash, Litecoin, and Ethereum
- Supported Exchanges: Binance, Coinbase Advanced, and OKX
- Cloud Based: Yes
- Reported Profitability: Depends on the trading strategy adopted
- Customizable Strategies: Yes
- Scalping: No
- DCA: Yes
- Arbitrage Bot: No
Botsfolio Review: Our Opinion
Botsfolio is a crypto trading automation platform built to help you manage your crypto portfolio. It doesn’t offer the regular trading strategies that you’d expect from most crypto bot services like grid trading or arbitrage trading. Rather, it offers investment strategies and a trading strategy based on your crypto portfolio.
This is great for traders looking for crypto trading bots that offer automated portfolio management, however, it is limited for other trader types.
The crypto trading automated platform also charges users based on their portfolio value not by the features it offers. This isn’t efficient in terms of the quality of service received from the customer’s perspective.
Intro/Company Overview About the BOT Creators
Botsfolio was founded in 2021. It is a crypto trading bot platform that offers portfolio management services via various trading strategies that help to grow the user’s portfolio profitability.
Users can choose pre-built trading strategies for portfolio growth. The Botsfolio crypto trading bot then executes the portfolio growth strategies.
That said, unlike most crypto trading bots, Botsfolio only supports a limited number of exchanges for futures trading including Binance, OKX, and Coinbase Advanced.
It devises a futures trading strategy based on the value of the user’s portfolio as well as enables traders to create a trading strategy for futures trading based on predicted trends.
Botsfolio also functions as a hedge trading bot and the investment strategies used are dependent on your trader’s risk willingness.
With the platform, users with no prior coding experience or trading brilliance can build a crypto portfolio.
Pros
- Beginner-Friendly
- Offers portfolio value management services
- It simplifies crypto investing
Cons
- A limited number of spot and futures trading exchanges
- In-efficient pricing plan
Botsfolio Review: Unique Features
Crypto Buckets
Crypto Buckets is a Botsfolio feature that allows you to buy at the dip always.
The idea behind Crypto buckets is the fundamental rule of the crypto markets that state that “Market can’t go up forever nor will it go down forever.”
Botsfolio runs the crypto bucket strategy using the SIP ( Systematic Investment Planning) strategy. Under Systematic Investment Planning, investors keep investing some fixed amount every month to buy the market at market price. This allows them to average out their entry price over the years.
A major problem with the SIP strategy is difficulty determining when to buy, how to allocate investment, which stocks/ coins should be purchased, and how returns can be optimized beyond simply buying and holding.
This is where Botsfolio’s crypto bucket comes in.
The crypto bucket is a re-engineering of the SIP investment strategy.
Due to the high volatility of the crypto market, Botsfolio can take advantage and automate Systematic Investment Planning with optimized features like smart accumulation and smart sell.
The crypto buckets aim to add investments periodically to your crypto exchange account, the Botsfolio bot will automatically buy in big dips and sell on huge rallies.
Your sales are converted to cash and kept in the crypto bucket so that they can be allocated to buying “at the dip” next time. Once this is done consistently over the years, it produces the best possible Return on Investment (ROI). Since the process is automated, you do not have to constantly monitor the market or guess when the next dip will occur, Botsfolio automatically trades for you.
Botsfolio crypto buckets have two major features; Smart Accumulation and Smart Sell.
Smart Accumulation
The Crypto Buckets Smart Accumulation feature uses the swinger bot to only buy coins when their prices dip. The bot does not buy coins when the value starts to shoot up. Just as the name implies, this feature aims to allow you to accumulate assets at better prices and increase the value of your portfolio following trends.
Smart Accumulation requires some patience and generating wealth with this strategy requires time. You accumulate slowly on dips and reap the profit when there is a sudden increase in the price. Even if the bull/bear cycle happens in six months, you can gain considerable profit on your investment.
Since the process is automated, the bot is responsible for deploying capital during dips. You do not need to manually make any purchases. The bot effectively executes trades whether or not you are online.
Smart Sell
The Smart Sell feature allows you to automatically sell your holdings on huge rallies and then use the cash to buy the same assets when they dip. By converting your investment to money and deploying it back on dips, you can grow your portfolio over time.
Just like Smart Accumulation, this strategy requires some patience. This is because oftentimes, cryptocurrencies have a good 50% to 100% rally once a year after a dip.
Smart Sell takes advantage of this volatility to sell the assets for profit.
The Smart Sell bot sells your assets to the crypto exchange as a hedge fund manager when the prices fall to prevent any major losses in the portfolio.
The bot monitors the prices and makes a sale based on the risk level of the crypto trading bots following the trail or value and its fluctuations in the market.
To maximize profit, Botsfolio allows you to use a hybrid model with its crypto bucket bots. This is a combination of Smart Accumulation and Smart Sell. This is the best way to get the most out of the Crypto Bucket.
With the hybrid model, the bot sells assets as the value begins to vary and then buys once the prices are low again.
Botsfolio Affiliate Program
Botsfolio has an affiliate program known as Refer and Earn which allows you to earn passive income by referring people to the platform.
By signing up for the affiliate program you became a Botsfolio partner and are entitled to several benefits.
Benefits associated with the affiliate program include up to 30% of the performance fees and up to 50% of net purchases of the invited users as they trade any of the underlying assets through Botsfolio instead of traditional investors.
With the affiliate program, you can earn up to $1,000 per referral.
To get started, you must open your Botsfolio account and click on “Refer and Earn”.
You will see your referral link and coupon code at the top of the page. Copy the link.
Share the referral link with your friends.
Once your refer all successfully subscribes to a crypto bucket, you will receive your bonus according to your referral’s portfolio value.
Below is a breakdown of your potential referral earnings based on the portfolio value of your referral
Min. Value of Portfolio: $10,000
Max. Value of Portfolio: $20,000
Amount (for Referee): $50
Min. Value of Portfolio: $20,000
Max. Value of Portfolio:$30,000
Amount (for Referee): $100
Min. Value of Portfolio: $30,000
Max. Value of Portfolio: $50,000
Amount (for Referee): $150
Min. Value of Portfolio: $50,000
Max. Value of Portfolio: $100,000
Amount (for Referee): $250
Min. Value of Portfolio: $100,000
Max. Value of Portfolio: $150,000
Amount (for Referee): $500
Portfolio Value
Min. Value of Portfolio: $200,000
Max. Value of Portfolio: N/A
Amount (for Referee): $1,000
All referral earnings are paid in BTC, BCH, or LTC to your linked wallet address.
Botsfolio Review: Supported Crypto Exchanges
Botsfolio supports 3 crypto exchanges. Supported exchanges include Binance, Coinbase Pro, and OKX.
When setting up your portfolio, Botsfolio allows you to choose only one exchange, but you can add multiple exchanges later
Botsfolio Review: Trading Strategies
Botsfolio supports the following strategies:
- DEX: This portfolio growth trading strategy buys tokens linked to decentralized exchanges
- Metaverse: Buys coins related to projects building the Metaverse
- Web3 Infra: Invests in coins that help Web3 infrastructure
- MoonBucket: Invests in crypto coins that can go 50X in a Bull cycle or zero
- Altcoin Low Cap: Purchases low cap altcoins with high risk/high rewards ratio.
- Smart Contracts: Diversifies coins associated with smart contract platforms
- Original Gangstar: This strategy accumulates Bitcoin to grow your Bitcoin holding over time. Buys on dips and sells on huge rallies.
Other strategies include:
- Decentralized data storage
- Altcoin high cap
- Use case diversity
Botsfolio Review: Customizable Strategies
Botsfolio allows you to customize trading strategies for both long-term and short techniques depending on the goal. That said, all strategies can be customized under
Grow Wealth from Crypto and Playing the Lottery
The Growth Wealth from Crypto trading strategy customizes for long-term strategies while the Playing with the Lottery trading strategy customizes the trading bot to use 10% of your portfolio value by deploying it in short-term, high-risk, and high-reward opportunities while deploying the rest with long-term strategies.
Both of these customizable options allow you to:
Buy Now and Automate: With this, you can buy crypto manually at the current price and then automate to sell at a higher price.
Let Automation Decide: This permits the trading bot to take some time to enter the crypto market as the trading bot waits for a massive drop before purchasing.
Buy 50% Now and Automate the Rest: Botsfolio with this allows you to buy 50% at the current price and then permit the trading bot to allocate the remaining.
Botsfolio Review: Plans and Pricing
Botsfolio offers only 1 pricing plan. It charges 0.5% of your annual crypto portfolio traded by its automated trading bot. It also has a free plan with fewer features.
Botsfolio Review: Payment Methods
The automated trading platform supports only cryptocurrency payments of the following coins: Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
Botsfolio Review: Opening a Botsfolio Account
To open a Botsfolio account, go to https://botsfolio.com and click on “Register” on the Menu Bar.
Next, tap the Google Account icon and select your email address to log in.
That’s it! You’ve created a Botsfolio trading account.
Botsfolio Review: Setting Up Botsfolio with Exchange
To set up a Botsfolio cryptocurrency trading bot with your preferred supported exchange account, log into your account.
Once in the dashboard, tap the menu button and click on “Exchanges”.
Next, tap on the orange “Connect Exchange” button.
Choose the crypto exchange you want to connect to by tapping on it: Binance, OKX, or Coinbase Advanced.
On the next page select “Yes” You Can Connect An Existing Account.
Copy the IP Addresses listed.
Next, on the API Key field, tap the question mark beside it and follow the steps to find your API Key and Secret Key on the exchange. During this process, you’ll paste the copied IP Address.
Enter them into their respective fields.
Tap “Next” and finalize the connection.
That’s all!
Botsfolio Review: Trading Experience/Using Botsfolio
Botsfolio offers a simple trading experience that utilizes basic portfolio growth strategies. There are no advanced tools available or spot trading techniques.
In general, it offers a simple trading experience.
Botsfolio Review: Security
Botsfolio, a safe and reliable cryptocurrency trading bot, operates without accessing your funds. You have complete control over your API keys, funds, and exchange accounts. Botsfolio never transfers, holds, or limits your assets.
Botsfolio’s API that connects to your exchange account is encrypted using SSL encryption. The API keys do not have permission to withdraw funds from your accounts.
Botsfolio has security measures in place to ensure administrative, technical, and physical safeguards to protect users’ personal information from unauthorized access, modification, use, and disclosure.
Botsfolio users can protect their accounts using strong passwords and IP address whitelisting.
Botsfolio Review: Customer Service
Botsfolio offers customer support via email, phone, text message, and live chat.
The support team can also be reached via their social media handles on Twitter and Facebook.
Botsfolio has a FAQ section. While the FAQ page answers a few basic questions, it lacks detailed information on the platform and its products.
Does Botsfolio Offer Education?
No, Botsfolio does not offer education.
Botsfolio Review: Conclusion
Botsfolio is simply an automated portfolio growth platform. It offers basic strategies and isn’t for advanced crypto traders looking for charting tools, technical indicators, etc.
The platform also uses a pricing model based on account value, not features offered, which some users may be uncomfortable with.
While Botsfolio is a top choice for many, diversifying your trading strategies is crucial. Explore another top contender with our Bitsgap Review and get a comprehensive comparison on our Best in the Market Crypto Trading Bots list.
FAQ
Most frequent questions and answers
The automated trading system is real however while bots can effectively execute trades, there may be issues such as inaccurate execution or slow execution times that affect your chances of making profitable trades.
Crypto trading Bots’ costs differ based on the platform. That said, they typically range from $3 to $400 monthly or use an account percentage like Botsfolio.
Botsfolio costs 0.5% of your portfolio account value.
No, there are no known laws against using automated trading strategies.
We always try to provide the most accurate information available, and make sure our team follow through.
If you want to know more about our Crypto Exchanges Review Methodology follow the link below
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