NapBots claims to be the most powerful crypto platform in the world. According to the vendor, this system is perfect for those who don’t have the time to analyze graphs and charts. With NapBots, the trades are conducted by the experts, and you simply need to copy their trades.
To date, more than 100k trades have been executed through this platform. Based in France, this platform has more than 7000 community members. No contact details have been provided by the vendor on the official website.
On the official website of NapBots, the vendor highlights the main features of the system. We also have the installation steps, the pricing details, and a list of customer testimonials. The vendor seems to be focusing on the ease of usage and the advanced features that come with the platform.
NapBots has a large library of crypto trading bots using which you can create your own trading strategies. The trading algorithm of the system performs live processing of market data, and according to the seller, even an individual with zero skills can trade using NapBots without any issues. The vendor claims that it has a user-friendly interface and is capable of trading 24/7 without any pause.
To get started with this crypto trading platform, you first need to select the exchange you wish to trade with. The exchanges supported by NapBots include Binance, Phemex, OKEx, Bitstamp, Kraken, BitMEX, Bitpanda Pro, and Bitfinex.
Next, you need to select a trading robot from the library available on the website. You can also combine multiple signals to build your own unique trading scheme. Next, you need to allocate a budget based on your financial goals and let the bot start trading. As per vendor claims, NapBots has a winning rate of more than 75% for its signals.
There are more than 20 strategies available on this platform that have been developed over three years by the traders working for the company. The main focus is on price analysis, volume and funding rate analysis are performed as well. Data processing involves the detection of reversal and trend patterns. In the event of the price trend being invalid, stop loss and profit events are generated automatically.
The Idea Behind NapBots
NapBots wishes to focus on those cryptocurrencies that have high liquidity. It wants to carry out constant research and development to come up with new strategies and improve the old ones. The creators of NapBots wish to create a diverse marketplace where traders can use various strategies for crypto trading.
NapBots was founded by the trio of Stephane Ifrah, Arnaud Dartois, and Jean-Charles Dudek. Now, we don’t have any information about these people except their names and designations. Ideally, we would have liked to know about their backgrounds and what kind of trading experience they have.
The lack of information in this department is quite disappointing. Before investing in a platform like this, we want to make sure that it is backed by an efficient and experienced team. With NapBots, we have no way of confirming this.
Safety of NapBots and the Network
NapBots does not store the traders’ funds on the platform itself. The robots are only capable of executing trade orders and you cannot make withdrawals with them. This is all the information we have on the platform’s security features. The vendor has not elaborated on the network’s security features involving encryptions and other measures. Without the relevant information, we cannot say with confidence that NapBots is a secure platform.
There are three pricing plans for NapBots, namely Silver, Gold, and Platinum. The monthly charges for these plans are 7 Euros, 39 Euros, and 99 Euros, respectively. With the costlier plans, you get more advanced features and an enhanced budget.
We found several customer reviews for NapBots on the Trustpilot website. One user has stated that they have suffered huge losses while trading with this platform. They have also complained about the service being too expensive.
Is NapBots a Legit Investment Service?
Our VerdictOur Verdict
- More than 20 different strategies
- Supports multiple exchanges
- Lack of security features
- Lack of vendor transparency
- High monthly charges