[geekmaghighlight]This is not a financial advice, I’m using personally this bot service and sharing my experience[/geekmaghighlight]
NapBots is a company that works since a long time in the cryptocurrency univers, they are known has NapoleonX and they are traders located in Paris,
They offer a bot service, who will make some calls for you and follow their strategies in the crypto market.
What is nice with their service, is the fact that it will separate your main wallets from your tradings as it’s using your Futures Accounts
Why ?
Some people doesn’t want to trade everyday, especially into the cryptocurrencies world, a lot of parameters such as the emotions can make us sometimes make mistakes that can cost a lot when we are not professionals,
The cryptocurrency world is very large and trading is only one of them, if you have some coins just sitting there and want to make a try into the trading without any knowledge, you should maybe them try a trading bot,
What you’ll need ?
In order to start, you’ll need to have 1000€ in a compatible exchange like Binance,
You’ll have to be verified in order to activate the API option for the Bot,
If you choose Binance, you’ll have to active your Futures Account
⚠️ Use code : merlinnakamoto on Binance Futures to get -10% on the trading fees ⚠️
Why I trust them:
- French regulated company with real offices and real people behind with good trading backgrounds
- They have been good even when the markets have been very complicated to predict
- The pricing is more than fair for what they offer and options are clear
- They trade with your Futures Account so it doesn’t touch your main wallet
- You have always the control, to stop the bots or change your positions
- Sometimes their bots doesn’t take any positions, means that they don’t gamble with your wallet
- For the hourly calls, they don’t allow every market as they know some markets are not enough powerful to handle correctly this option
Step 1: Create the API for the Bots
We will be using Binance Exchange as example,
First important thing, you must have the verification done on your Binance account to be able to unlock the APIs and your Futures Account.
After that on your Binance account go to Wallet and select Futures
or go on Derivatives and select USD-M Futures
( Use code merlinnakamoto to get -10% on the transaction fees )
Or
After that you’ll have to go on your main user menu and select ‘ API Management ‘
Choose a name for your API for example ‘ NapBots ‘
You’ll then get a Public and Private Key and some options under ‘ API Restrictions ‘
Allow the following options :
- Enable Reading
- Enable Spot & Margin Trading
- Enable Futures
⚠️ NEVER Allow Withdrawals ⚠️
Step 2: Link Binance to NapBots
Check that you added some funds into your Futures Account in USDT ( 1000€ minimum )
Add also some BNB to avoid expensive transactions fees
Now go to your NapBots Account and select ” Add Exchange ”
Choose yours ( ex : Binance ) , you’ll be prompt to copy your private and public key previously made
Choose the Bots you want to follow and how many % you want to use on each of them
Then go back to your Dashboard, at the bottom you should see your bot and a ⚠️ that indicates he’s offline
Simply activate the bot once you’re ready 👍
That’s it, you are now running your trading bot,
For questions about the Bot you can visit their support page:
https://napbots.zendesk.com/hc/en-gb