Botee.Trade is a fully automated crypto trading bot for professionals who have both financial and coding expertise. The platform works on a mobile, browser, or locally on your system. It allows free backtesting on records to let users decide which pricing plan best suits them. There are several strategies for different markets like DCA and indicators such as RSI, Bollinger Bands, etc. This article will fairly review the bot’s features, advantages/flaws, profitability, registration process, and deposit requirement to let you decide if it is worth investing with.
What is Botee.Trade?
Botee.Trade is a cloud-based trading bot which supports smartphones or tablets, allowing you to monitor its activities. The vendor states that the security of investors’ data and funds comes first and takes various measures like API keys to protect them. It currently supports two exchanges and is available via 3 subscription plans.
Features of the Botee.Trade platform
Following are the characteristics of Botee.Trade:
- It offers highly configurable perimeters of the bot, such as customizable input, timeframes, etc.
- Unlimited paper trading is available to test your strategy with demo funds.
- The free backtesting feature lets you run the bot on any market conditions and check the bot’s performance.
- It allows a combination of different indicators within a single strategy.
How does the Botee.Trade bot operate?
Botee.Trade operates on various systems such as local machines, browsers, or mobile phones. The bot utilizes various strategies and indicators for trading several cryptocurrencies on Binance and Bitfinex. It searches the market for favorable conditions and creates orders based on its settings. The advanced trading approach it uses is DCA and Trailing stop.
You can start trading with Botee.Trade in the following guide step by step:
Step 1: Sign up
Create your account with your email and password.
Step 2: Subscribe to the plan
Add a new bot and choose the pricing plan according to your trading needs.
Step 3: Verify
Wait for verification of your purchase, and you will get an email within 24 hours.
Step 4: Link API keys
Once verified, check your bot and add exchange API keys.
Step 5: Exchange
Choose an exchange, trading pair, and candle period.
Step 6: Run the bot
You have the option to test your strategy; if satisfied, upload the settings and launch the bot.
Is it easy to use Botee.Trade??
Botee.Trade is specially designed for professionals, where the strategies are only configurable with proper coding knowledge. It recommends novices use the bot with a free trial of 7 days and get familiar with the platform.
Botee.Trade fees, commissions, limits, and payment options
Botee.Trade does not charge additional trading fees, and the exchange commission is included in the bot’s profit. It does not accept credit/debit cards only supports payments in Bitcoin.
Botee.Trade has no withdrawal permission and advises traders not to enable it with API pair as a security measure.
How much should you deposit to start trading with Botee.Trade?
There is no information on its official website about the minimum deposit required to start trading with Botee.Trade.
Partnered exchanges and brokers
Botee.Trade works with only two cryptocurrency exchanges such as:
Is it beginner-friendly?
Beginners can benefit from the free trial of the platform to test the bot and determine if it is suitable for them. The website provides no information about the presence of pre-built strategies. Users should have basic coding knowledge to configure their robots as they like.
Is it a profitable system?
The profitability of any trading bot depends on market conditions and applied strategy. Botee.Trade does not disclose the bots’ performance or records in the past, and there are no client evaluations, raising questions about its efficiency. It recommends testing the robots before live trading.
Security & regulation
Botee.Trade employs various security measures to protect its users’ funds and accounts. The funds stay on your exchange, and it has no withdrawal permission. It uses API keys and dedicated trading servers. There is no information about the regulation of the platform.
The official website shows a lack of vendor transparency and company location. It only mentions the backstory behind creating Botee.Trade and states that it was launched for the community in the middle of 2018. A LinkedIn profile shows a team member as Sergey Anosov, CEO in St Petersburg, Russia. The platform does not share its profiles on the website which is a poor practice. On their portfolio, Sergey has multiple endorsements and has 1428 followers.
Should you trade with Botee.Trade?
Botee.Trade offers fully various tools to configure your bot with no limits. The platform does not provide past user experience or trading history of the robots raising questions about its reliability.