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Botcrypto Review

bycoinpricepredict
29 June 2021
3 minute read
Botcrypto
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Botcrypto claims to be the first web platform that helps traders to create their crypto trading bots with ease. This platform aids in automated trading of Bitcoin, Litecoin, Ethereum, and more. With the features provided by this crypto platform, you can save time and gain a competitive edge on your trading as per the vendor. 

Botcrypto presentation

Some of the features include customization of the bots, availability of pre-built strategies, and a backtesting facility. As per the details provided on the official site, this platform is based in France and has a domain license from 2017 up to 2020. Customer support options include email, phone, and live chat.  

Botcrypto Overview

Botcrypto Features

Compared to other crypto trading platforms, this site design is very simple and offers only the bare minimum details about the platform. From our review of the platform and its v here are the important things the company concentrates on:

  • The platform helps you save precious time and seize new trading opportunities.
  • You can create effective bots using the visual editor without the need for coding skills.
  • Users can verify the strategies with backtests based on over 3 years of historical data. Real-time simulations are also present. 
  • The company allows access to several strategies that are already in use.
  • Access to Kraken exchange and Binance.
Botcrypto Features

To make use of this crypto trading platform, you have to first create an account and pick a strategy from the several approaches available or make your own. The next step is to test the strategy and if you are satisfied you can choose a subscription plan and start real-time trading.

The Botcrypto store has over sixty trading strategies that are free to access. As per the vendor info, beginners can choose a strategy based on factors like how many times it has been imported, popularity rating, and more.

The Idea Behind Botcrypto

The company was founded with the main goal of allowing every individual the opportunity to execute better trades. It claims that all traders need to be given the chance to trade and the company makes this possible via its accessible and efficient trading tools.

Team Members 

In the ‘About’ section of the site, the info on the team members is present. Constantin De La Roche, Theo Poizat, and Mehdi Boussaad are the core team members. Their images and LinkedIn address are present in the section. But we could not find info on their experience and expertise in the field.

Safety of Botcrypto and the Network

Just as other crypto platforms, this company uses encrypted API keys with AES-256 security for connecting with the exchanges. Two-factor authentication is part of the security measures used. Instead of Google Analytics, the company uses Matomo, which is an open-source tool.

Pricing plans

Botcrypto Pricing plans

Four different pricing plans are on offer. The Discover is a free plan which offers an unlimited number of strategies, backtests, and real-time simulations. Full API access is present. With the other three paid plans similar features are present and additionally 2/5/20 bots and 2/4/8 signals are given. 

The cost of the bronze, silver, and gold plans are €9.99/month, €29.99/month, and €59.99/month respectively. Compared to other competitor crypto trading services, the pricing looks expensive, and further, the vendor does not provide a money-back guarantee. This raises our suspicion regarding the reliability of the vendor.

Client Testimonials

While the vendor offers user testimonials, there is a high chance of them being manipulated. We could not find feedback from users of this crypto platform on trusted third-party sites like Trustpilot. We prefer such sites as the reviews are unbiased and provide better info on the company, its services, and customer support. The absence of user testimonials indicates this is not a popular platform among the crypto trading community.

Is Botcrypto a Legit Investment Service?

From our analysis of the platform and its features, we find it is not a trustworthy investment service.

Our Verdict

Our Verdict
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Botcrypto is a platform that promises the creation and customization of bots. While automation and ease of use are the main focus of the company, our analysis reveals that the platform lacks in many aspects. Although the service offers a backtesting feature, they are not sufficient to ensure good performance. The lack of verified trading results, insufficient security features, a very limited number of exchanges, and the absence of user testimonials prove that this is not a reliable platform. Furthermore, the subscription plans are expensive and no refund is present which only serves to confirm our doubts regarding the reliability of the platform. Here are some of the pros and cons we identified in this platform that has led to this conclusion.
Botcrypto is a platform that promises the creation and customization of bots. While automation and ease of use are the main focus of the company, our analysis reveals that the platform lacks in many aspects. Although the service offers a backtesting feature, they are not sufficient to ensure good performance. The lack of verified trading results, insufficient security features, a very limited number of exchanges, and the absence of user testimonials prove that this is not a reliable platform. Furthermore, the subscription plans are expensive and no refund is present which only serves to confirm our doubts regarding the reliability of the platform. Here are some of the pros and cons we identified in this platform that has led to this conclusion.

Pros

  • No prior coding knowledge is needed for creating the bots
  • Strategy creator tool

Cons

  • Supports only two exchanges
  • Pricing plans are expensive
  • Security features are not robust
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