In case you haven’t noticed, Bitcoin’s prices have been making headlines as it fluctuates with some major highs and lows across the world.
Everyone into trading in the cryptocurrency market is watching Bitcoin as it usually sets the stage for all the other cryptocurrencies.
After all, Bitcoin started the whole market exchange and has allowed traders who have held their Bitcoins are to enjoy colossal gains. So, it’s no surprise that traders from all over the globe are so ecstatic about how things are looking in the cryptocurrency market.
You see, crypto traders who have some experience behind them know the thrill of watching Bitcoin (and other cryptocurrencies) rise, fall, and then shoot back up sometimes all in one day. It’s a mental roller coaster.
That said, the biggest traders like QCP Capital and savvy traders alike enjoy the ride, but like all traders, they also want to enjoy safe and secure trading along with ways to streamline trading so it’s basically seamless. How might that happen?
It happens through a safe, secure, efficient program with tools and features that make cryptocurrency trading run like a well-oiled machine. That is if you choose the right cryptocurrency trading bot. These bots often save time and money.
One of the crypto trading bots that traders may consider is Bottrex for trading automation. This is only one out of many trading automation services in the industry.
Let’s see how it stacks up in this Bottrex review.
How Long Has Bottrex Been In Business?
This crypto trading bot has been around since 2018, so it’s been in business for several years now. This company established bitcointalk.org, which attracted some attention to the service. Unfortunately, while it did gain some attention, it didn’t raise much interest.
Generally, brands can use forums to gain credibility and draw attention to themselves in a big way through an active and engaged community. That is not what happened for Bottrex.
That said, not being able to obtain wild popularity doesn’t speak to the potency of the trading platform.
However, it’s crucial to understand how the system works and how it’s viewed as a brand in the industry. These aspects are imperative to choosing the right crypto trading bot.
What Kind of Reputation Does Bottrex Have?
Popularity is usually directly related to a brand’s reputation. So, the more popular something is, the easier it is to get information about them to make an informed decision. Whereas, if you only have bits and pieces of intel, you likely will not find out what you need to make a wise decision.
Why do we mention this? Because there is only a little information online about Bottrex. For instance, there are only a few random articles and some random comments regarding this trading bot. This doesn’t mean that the service is bad, but it does show there is little interest in it for whatever reason.
This would imply that if it could attract more interest, more traders would be drawn to it and it would gain more popularity in the cryptocurrency trading sector.
Even as just a baseline, traders expect a product or service to actually work. This is essentially the expectation when you are looking at quality technology used for specific activities.
Even with all this, Bottrex does have 4 out of 5 stars via 50 reviews on some feedback forums.
So, as you can tell, it’s difficult to gather anything substantive with so little feedback from so few ratings. This small sample size doesn’t help us come to a definitive conclusion about this bot’s reputation.
It’s neither viewed as profoundly negative or extraordinarily positive. We do know that the platform is updating the bot and features like its Android mobile apps.
What Exchanges Does Bottrex Support?
According to the website, the bot operates with more than 900 cryptocurrencies concurrently across these exchanges.
You can set Bottrex up to work on up to 6 of these exchanges at one time, depending on the plan you choose.
So, you can use the app no matter where you are to connect to popular exchanges.
How Much Does Bottrex Cost?
This trading bot offers 3 packages for crypto trading.
The Basic: This package is $10.00 per month and provides access to one bot, 20 open orders, 20 currencies, one crypto scanner, simulator, buying in 15-minute intervals, and external signals.
Stop loss, trailing stop, and email notifications for buy and sell are also included.
The Advanced: The next plan up costs $30.00 per month and offers 3 bots, 40 open orders, 40 currencies, 2 crypto scanners, a simulator, buying in 10-minute intervals, and external signals.
You also get the stop loss, trailing loss, and email buy and sell notifications plus the option to pause when Bitcoin crashes features.
The Plus: The top-tier plan is $79.00 per month and includes 6 bots, 80 open orders, 80 currencies, 4 crypto scanners, a simulator, buying in 5-minute intervals, and external signals across all currencies.
You also get the stop loss, trailing loss, and email buy and sell notifications, the option to pause when Bitcoin crashes features.
Ease of Use: This is an easy-to-use online application that will allow you to execute strategies according to your settings. It will perform buy and sell functions for you. You simply need to have a laptop or desktop, a little money, and internet access to use this program.
You will need to create an API key to use the speculative actions. The programming interface allows you to make simple trades as you please. So, it’s generally easy to execute activities and navigate.
Settings: The settings you get with this trading bot include strategy form, signals, stop loss, and other necessary settings or cryptocurrency trading. You can see the settings and features from the cost section.
Security: The safety and security of your cryptocurrency empire are important to you. The worries of cyberattacks and hackers are troublesome to traders. At this time, no known security issues have been reported about this trading bot either on its community or through the company.
Customer Support: Zendesk is the source used for customer support, which tells you they do care about your needs. You can submit a support ticket from the navigation menu. You may also contact them through their telegram account.
Profitability: Since Bitcoin fluctuates so much, holding trades seems to be the best way to make profits. Using the proper strategies goes a long way to improving your chances of profitability, but there is no guarantee no matter what method or approach you take.
If you enjoy checking out various platforms, this might be a good one to try. Start with the lowest package and see how it works before you take it any further.
We do not make a habit of recommending less popular, low-information cryptocurrency trading bots, but that doesn’t mean Bottrex is bad, but with so little information to go on, we simply don’t recommend it.
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