Botsfolio offers easy-to-use, pre-made crypto portfolio investment and management by AI-powered trading bots, making investing in cryptocurrencies simple. This Botsfolio review will guide you through the platform’s workings.
Quick Summary
- Botsfolio offers pre-built crypto portfolios and automates your crypto portfolio management.
- No configuration or prior knowledge of trading knowledge is required as automation oversees all necessary operations.
- Your funds remain secure, as they never leave your designated exchange.
- Presently, Botsfolio is compatible with Binance, Coinbase and OKx.
- The service is free for portfolios under $500. Above that, a yearly fee of just 0.5%-0.7% of your net account value.
Botsfolio’s features that make crypto investing easy
As a busy professional, tracking the cryptocurrency market, learning to trade, and researching crypto projects and trends can be challenging. Here are some features that have significantly helped me and set this crypto investment platform apart from others
- Pre-built crypto portfolios: The availability of pre-built crypto portfolios and consolidated insights on a single page makes it easy and efficient to identify the best cryptocurrencies for various use cases within the blockchain industry.
2. Automation as copilot: Automation handles all the necessary tasks for achieving optimal investment outcomes, from creating the portfolio and executing trades to tracking market movements.
3. No trading/crypto knowledge required: The platform creates and optimizes your crypto portfolio as a professional trader would, without requiring you to configure anything or manage any setup.
4. Crypto investment calculator: This tool allows you to backtest the performance of any cryptocurrency or crypto portfolio and compare it with top stocks in your country and market indexes. It works as a crypto profit calculator as well which can help you get an estimated view of returns on your investment.
5. Create portfolio: By answering a series of multiple-choice questions, the automation system will generate an optimized crypto investment portfolio tailored to your needs.
Botsfolios pros and cons
Botsfolio offers a hands-off approach to cryptocurrency investing, allowing users to automate their trading strategies and manage their portfolios easily. Below is the list of pros and cons to give you a clear understanding :
Pros
- No need to input strategy and set bot parameters into bots like other tools such as TradeSanta or 3commas.
- You can create an unlimited number of portfolios on the same crypto exchange.
- Build a well-diversified crypto portfolio that capitalizes on market dips and sells when assets are overpriced, automatically enhancing your net worth over time.
- Cheaper pricing than most competitors while giving more value.
- Request free market analysis of coins.
Cons
- Only works with Binance, Coinbase Pro and OKx. Other exchanges may be added in the future.
Botsfolio Performance
The performance for such a tool is dependent upon a large number of factors (market conditions, money invested, risk profile).
The crypto trading bots deployed the investment amount slowly over a few months during big dips. Though it was slowly allocating the cash it was worth the wait. In a few months we saw an uplift of 36% in our investment portfolio with 95% cash invested into the market. When a downturn is expected less cash is deployed to the market but on a huge dip the cash is invested back into the market. This was a perfect experience to optimize long term gains in crypto!
Disclaimer: Please note that the returns quoted above were from a small test period. Past performance is not an indicator of future outcomes.
Botsfolio Pricing
Botsfolio offers an exceptionally favorable pricing model compared to traditional subscription-based platforms. You can use Botsfolio automated crypto investment products completely free if the total value of your portfolios is under $500. For portfolios exceeding this amount, the annual fee is just 0.5% to 0.7% of your net account value.
This is significantly more cost-effective than monthly subscription fees. For instance, if you invest $1,000 and pay a $20 monthly subscription, you would end up spending $240 a year, which is 24% of your investment. In contrast, with Botsfolio, you would pay only 0.7% of $1,000, which totals $7 for the entire year—equivalent to just $0.58 per month. This crypto portfolio-based pricing ensures you pay less while benefiting from a top-notch service, making Botsfolio a smarter and more economical choice for managing your investments.
Botsfolio Review: Security
You can connect to Botsfolio using either an API key or Fast Connect, both of which adhere to top-tier security practices. Your sensitive data is encrypted, trading is restricted to whitelisted servers only and withdrawal permissions are disabled.
In the unlikely event that a hacker gains access to your data, they will find it virtually impossible to perform unauthorized trades or withdrawals. The encryption and restricted permissions ensure that even if your credentials are compromised, the data remains useless to any potential intruder.
Additionally, you can enable two-factor authentication (2FA) for an extra layer of protection. So start your crypto investment journey with Botsfolio and get the best-automated trading experience.
Botsfolio Review: Conclusion
Botsfolio stands out as an innovative platform that leverages automation to enhance crypto investment returns. Its ease of use, security measures, and cost-effective pricing model make it a compelling choice for investors looking to navigate the crypto market with AI and automation.
Botsfolio Review: Botsfolio Alternatives
- 3commas is an online platform for people interested in trading cryptocurrencies using automated bots. It is especially attractive for people without a technical background in finance or extensive experience in stock markets. Read 3Commas review.
- 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. Read Bitsgap review.
- Quadency, a crypto trading automation platform launched in 2018. It brings you a smarter way to trade and manage your crypto. Read Quadency review.
Frequently Asked Questions
What is Botsfolio, and how does its mechanism function?
Botsfolio is a service that provides automatically managed cryptocurrency portfolios through the use of AI-powered trading bots. This system eases the process of investing in crypto by automatically taking care of portfolio management and the execution of trades, thereby accommodating users of all experience levels.
Is prior knowledge in trading or setup required to utilize Botsfolio?
Not at all. Botsfolio is designed to handle all essential tasks—including the creation of portfolios, executing trades, and monitoring the market—without requiring users to have any background in trading or setup configurations, making it easily accessible to everyone.
In what ways does Botsfolio safeguard my investment?
Botsfolio ensures the safety of your investments by keeping them within your chosen exchange without the need for transfers. Furthermore, it incorporates top-standard security practices such as the use of API keys or Fast Connect, encryption, trading limitations, and the option for users to activate Two-Factor Authentication (2FA), enhancing the security level of your assets.
Which exchanges are supported by Botsfolio?
As of now, Botsfolio supports a selection of exchanges including Binance, Coinbase Pro, and OKx. This compatibility allows for the creation of unlimited investment portfolios across these platforms, serving a broad base of cryptocurrency investors.
How is the pricing structured for Botsfolio, and what fees can I expect?
Botsfolio features an attractive pricing model where managing portfolios under $500 is free. For portfolios exceeding this amount, an annual management fee of 0.5% to 0.7% of the total account value is charged, making it a cost-effective option for managing larger investments when compared to similar offerings.
