ApiTrade.pro Review 2024
Cryptocurrency trading has been growing and evolving for years, but now this market is consistently increasing with more and more traders joining in on the trades. Since the influx of new cryptocurrency traders has become so vast, automated trading systems are also becoming more popular as well.
If you have been in this market for very long, you’ll notice that you are seeing more crypto bots popping up all the time. Each one boasts various and unique algorithms, features, functions, and pricing structures. ApiTrade is one of these crypto trading bot platforms.
ApiTrade uses a high level of automation for cryptocurrency trades that require very little input. Another unique aspect of this trading bot is that it has its own method for common fee tools.
This service certainly has potential and it seems like a great one to use, but after some research, we think it’s not quite ready for prime time.
It’s possible that the developers and programmers failed to consider all the aspects of market conditions and possibilities before rolling this service out.
That said, let’s take a closer look at this trading bot to see its potential, features, supported exchanges, safety, and pros and cons.
Top-rated Crypto Trading Bots
| Rank | Crypto Bot | Price |
|---|---|---|
| 1 | Bitsgap | 7 DAYS FREE |
| 2 | Coinrule | Visit |
How Long Has ApiTrade Been Around?
This cryptocurrency trading bot was rolled out in April of 2018 via a BitcoinTalk forum post by a team of developers from Russia, though the platform is supposed to be based in the United States.
It does host mostly U.S. traders, but there are plenty of other countries in the mix. Its claim is that the platform provides “high-frequency” trading automation.
Since its introduction, this trading bot has offered automation for trades across an array of crypto exchanges, and it uses numerous algorithms for trading crypto assets. Arbitrage trading is used in this system as a comparative model for pricing currencies around different markets.
Unlike some other cryptocurrency bots, this one is web-based instead of a downloaded desktop app. This is supposed to reduce the risk of trading using such a wildly automated system.
Automation in this system is so utilized that it’s automated from the get-go, which is significantly different from conventional trading tools.
From the start, you get to use the pre-selections for trading pairs. It also provides a limited selection of customization options for traders who need that feature. Its pricing and fee tool is another component that sets this cryptocurrency trading bot apart from others.
Where many trading services charge a monthly subscription or a lifetime license charge, ApiTrade takes 50 percent of the profits from trading. So, this bot allows users to pay the subscription after profit is attained.
Machine learning is one of the most attractive features of this bot since it offers something that most crypto trading services don’t. You’ll also get a 7-day money-back guarantee (refund of fees) in case it doesn’t work to your satisfaction.
How Is ApiTrade’s Reputation?
Even though ApiTrade has been around long enough to have attracted a large community, it’s still a small, limited community of traders.
A couple of reasons for that is the high level of automation and some of the unconventional approaches to crypto trading. Not all cryptocurrency traders are willing to take the risks that this bot could create.
Machine learning is likely to cause apprehension, but more than that, the restricted customization options for these settings may also play a role in making it less appealing to traders who want to be safe and confident.
Its unconventional methods make this cryptocurrency trading platform a rare thing among those who don’t mind if AI and automation take over their trades.
Another deterrent to potential new clients is the 50 percent fee on the profits made through this trading bot. It may just be harder to build a bigger community if you’re not using more conventional, familiar methods for crypto trading.
If you’re on Telegram or Discord, ApiTrade has a presence on both. Even on those platforms, there isn’t much engagement with this small trading community.
For the above reasons, ApiTrade has mixed reviews from both professional traders and from cryptocurrency trading bots critics. Some say its simplicity is appealing and others feel there is a lack of desired features.
What are ApiTrade Supported Exchanges?
This platform supports 25 exchanges via the highly automated service.
- KuCoin
- Huobi
- BitMex
- Bitfinex
- Kraken
- Binance
- Bitmax
- Bittrex
- GDax
- Poloniex
- Bit Z
- OKEx
According to the webpage where you find the supported exchanges, “user income is generated by thousands of instant trades throughout the day using well-known algorithms.”
What Is the Price of ApiTrade?
As mentioned earlier in this review, this service takes a 50 percent cut of user profits made from their trades. For a few traders, this offers some peace of mind in that they don’t have to pay upfront subscription fees until they have profited from the service.
However, for most, traders feel they risk losing big profits.
Is ApiTrade Easy to Use?
Due to its high-level automation for virtually everything you do in trading, this platform is considered easy to use and is attractive.
This system makes it easy to switch between various cryptocurrency trading algorithms per exchange. If you want, you can even choose to trade manually and blacklist those cryptocurrencies that you want to avoid.
Overall, this trading bot is a good fit for crypto traders who don’t want the hassle of the technical sides of trading, but still want to profit from the market.
Settings
Unlike its counterparts, ApiTrade doesn’t offer a lot of settings, but instead, it provides preset algorithms that operate off of automation and arbitrage crypto trading.
This system offers Chains and Waves settings that provide comprehensive trading strategies that automatically apply to your crypto balance.
The system seems to update the algorithms often, giving them new titles sometimes, while still allowing you to choose between them.
If you prefer something more conventional, this platform will disappoint you.
Security
The website is HTTPS secure so your data is safe and encrypted to prevent it from being seen by malicious hackers.
You can use their two-factor authorization to log in, which is a nice security measure. You can also log in via Telegram (also two-factor authorization).
Security on this platform is standard and essentially the same as other trading bots.
Customer Service
While support is available via Telegram and Discord, ApiTrade’s website has no knowledge base to help new clients find basic information, which is a downside.
However, there is also a support ticket system that claims it does respond to customer queries within a few hours. Again, this is pretty much a standard deal and not unique among cryptocurrency bot services.
Profitability
As is the common practice among these trading bots, ApiTrade doesn’t make any specific guarantees regarding profits. However, it does claim to help make profits of 0.5 percent a day.
Those who have used the bot share mixed reviews on the internet about ApiTrade’s claims, so it seems that the profitability claim only holds true on the crypto bot’s website.
Top-rated Crypto Trading Bots
| Rank | Crypto Bot | Price |
|---|---|---|
| 1 | Bitsgap | 7 DAYS FREE |
| 2 | Coinrule | Visit |
Final Thoughts
The ApiTrade bot is one of the more unconventional services in that it provides wildly high levels of automation for cryptocurrency trading over other services.
We feel they are asking a lot of us to trust in this service without as much of a hint of why we should give them our trust.
If you choose to use this crypto trading bot, we suggest that you try it out with a low investment using a disassociated exchange account to be safer.
However, if you’re seeking a cryptocurrency trading bot that gives you more control over your trades and tools, we recommend Bitsgap or Cryptohopper for effective and unpretentious cryptocurrency trading.
Jonathon Spire
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