Napbots Review — Simple Way To Increase Your Crypto Returns

Gaurav Agrawal
Apr 8, 2020 · 7 min read

Today we will review Napbots, a cloud-based automated trading solution for crypto-assets. Napbots provide well-designed trading strategies to increase your investment returns.

Summary

  • Pre-designed Quantitative Strategies to increase profits
  • Test strategies using historical market data
  • Simple set-up and intuitive interface
  • Integrate with top crypto exchanges
  • Secure as your funds never leave your wallet
  • Pricing based on the amount traded

What is Napbots?

Napbots was founded by Napoleon Group, a Fintech who has been designing quantitative strategies for both conventional and crypto-assets for more than 20 years.

Napbots seeks to democratize quantitative investing for crypto-assets with an emphasis on the most liquid ones (BTC, ETH, BCH, XRP, EOS, BNB, and LTC). It currently provides exposure to 15 specific working strategies in an easy-to-use and very safe environment, with different time horizons.

The earliest strategy is more than two years old and, despite the recent turbulence, most of them reached a New All-Time High.

With Napbots, in just one phase, you’ll be able to build your own mix of strategies letting you manage your savings. The Napbots service will then perform the specific combination automatically on account of your preference.

You will be able to track the output of your investments from your cell phone and change your allocation in absolute independence.

Trading strategies offered by Napbots

Napbots began designing quantitative crypto-strategies three years ago, and in April 2018, the team presented its first strategy to its audience.

Since then the team has introduced 14 more strategies. Napbots’ strategies use price as the principal source of knowledge. The team offers both trend-following and mean reversal approaches through various time horizons (weekly, daily, and hourly).

In addition, the team has built model groups, which can be repeated for testing purposes on several cryptos. Each of the techniques has its definition, and it also includes some essential KPIs before you pick them.

Comparison with other products

If you compare NapBots with the other big competitors like 3commas, tradesanta and cryptohopper; it is the simplicity and the special approach offered by NapBots that marks the difference.

NapBots offers complete trading automation solutions through the use of its own tested trading strategies; offering quantitative trading strategies previously reserved for hedge funds to the public.

Besides, the setup and installation of NapBots is so easy that even the non-experts will be able to do it. The slogan connect, select, and trade; it’s totally accurate.

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What Exchanges are compatible?

Napbots is compatible with five big exchanges: Binance, Bitfinex, Bitmex, Kraken, and Bitstamp. Shortly to add OKEX and Huobi. Such 5 exchanges offer all the crypto-trading pairs necessary.

Some were chosen for their demonstrated protection, others for their liquidity which is an essential trading function. Connecting Napbots to exchange is achieved in one simple move.

On the chosen Exchange you merely need to create an API key directly from your account and fill it in on Napbots’ website.

Is my money safe?

Your money never leaves your wallet. Hence it cannot be safer than that. In order to work, Napbots merely require an API key that will be used to deliver trading orders according to the preferred combination of strategies and to request updates on trade execution from your account.

You must set up the API key yourself, this way you are well aware of the associated rights you give. Napbots have only the right to trade on your behalf, not to withdraw money.

NapBots has proven its performance, its oldest strategy is BTC LO has been live on its platform napoleonx.ai (this one publish signals for manual trading and now available for automation with NapBots software) since 2017; it’s now about to reach the new ATH.

Also, the flagship strategy BTC/ETH/USD AR was launched in 2018 and nowadays has a 12-month performance of 205% overperforming the underlying. This is strategy is more aggressive because it has the possibility to short. You must be careful because of past performance it does not guarantee future outcomes.

In addition, the brand new hourly strategies are very promising, during the recent epic crash has responded very well, let see how they will perform over the year.

How to install Napbots?

  • Opening An Account In Napbots
  • Creating An API Key From Your Exchange Account
  • Choosing Your Own Mix Of Strategies From Napbots’ Library
  • Setting Your Budget Allocation
  • Choosing One Of Napbots Offers

How user-friendly is Napbots?

It has never been so easy to trade like a pro. With Napbots, in just 4 simple steps you can access performing strategies built with the highest standards.

Napbots give details and KPI’S per strategy on previous 12-month behavioral techniques. If you are sure you only need to link with your Napbots account your favorite approach.

Then you can sit back and enjoy its trading engine work for you. When you’re a little more creative you might build your own blend and use some influence to change up stuff.

NapBots Pricing

This automated trading software will charge the subscription depending on the amount traded. For example, if you choose the silver subscription with 1000 euros to trade, nowadays, there is a promotion for 7 euros per month.

If you compare to other trading software the price it’s in the same range. However, If you want to go for the platinum subscription it’s 99 euros with the ability to trade up to 5000 euros. You can check all the prices in this link.

Napbots Pros and Cons

Pros

  • Super Easy-setup and simple interface
  • A marketplace of home signals
  • Supports top cryptocurrencies exchange
  • Total control of your funds
  • 24/7 Support
  • Cloud-based
  • Supportive Community
  • Created by an experienced team of traders
  • You can mix all the strategies and create your own allocation

Cons

  • New platform
  • No free trial, only simulator mode
  • Only leverage up to 1.5x

Frequently Asked Questions

Q. Is Napbots legit or safe?

A. In order to work, Napbots merely require an API key that will be used to deliver trading orders according to the preferred combination of strategies and to request updates on trade execution from your account. Your money never leaves your wallet. Hence it cannot be safer than that.

Q. Does Napbots have a mobile app?

A. Napbots does not have a mobile app for iOS or Android devices, for now. But, Napbots has a fully responsive website and you can check it on mobile browsers.

Q. What are the trading fees?

A. Napbots subscriptions start from as low as $7 in which you can allocate $1000 across trading strategies.

Q. What Exchanges are compatible with Napbots?

A. Napbots is compatible with seven big exchanges: Binance, Bitfinex, Bitmex, Kraken, Bitstamp, OKEX, and Huobi. Also, the team is planning to support more exchanges in the future.

Napbots Alternatives

  1. Quadency, a crypto trading automation platform launched in 2018. It brings you a smarter way to trade and manage your crypto. Read our Quadency review.
  2. Bitsgap, a one-stop crypto trading platform that caters to all your trading needs. It allows its users to bring all their crypto-exchange accounts under the same roof and trade from an integrated interface. Also, read our Bitsgap review.
  3. HaasOnline is one of the oldest and most reputable automated trading companies in crypto. Their distinguished reputation comes from their trade automation software that has been executing trading strategies for crypto traders since 2014. Also, read our HaasOnline review.

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Originally published at https://blog.coincodecap.com on April 8, 2020.

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