The world of cryptocurrency has blown up, and automated trading has made it gain traction more now than ever before.
This is because every day, a new cryptocurrency bot is developed, with many of them introducing new functions, new algorithms, and even new pricing methods.
Whether you have any experience using a trading bot or not, the bottom line is that if you don’t have a lot of experience trading in general, you will want to have one on your side.
The trouble is, it can be difficult to know which ones are legit and which ones aren’t worth your time.
Let’s review ApiTrade.pro and determine what side of the fence they sit on.
How Long Has ApiTrade Been in Business?
ApiTrade.pro has been doing its thing since 2018, and it was created by a team of Russian developers. The exchange claims to be based in the United States, and the majority of its users are based in America.
Ever since it was first developed, this crypto trading bot has continued to offer trading facilities that are automated across a number of popular cryptocurrency exchanges. It is a web-based cryptocurrency bot, which offers a highly automated approach to low-risk trading.
This trading bot also doesn’t offer a monthly subscription, instead, it takes 50% of all profits that are generated through its platform.
How Reputable is ApiTrade?
ApiTrade.pro hasn’t been able to amass as big of a community as it was probably hoping to, and one of the biggest reasons for this is the fact that it is highly automated.
Another aspect is that it has a relatively unconventional approach to trading in the form of machine learning, where it will give its users different algorithms to choose from.
However, it only allows you to customize a few settings, so a lot of people in the industry would consider a trading bot like this lazy. As a trader, you don’t have to make any upfront investments, or pay a subscription fee. You just have to give up 50% of the profit.
What Exchanges Does ApiTrade Support?
ApiTrade.pro supports a number of different cryptocurrency exchanges, but it does so using different modalities. As far as we can tell, it offers support for 25 exchanges, including the likes of KuCoin, Binance, and Huobi. It offers support for these through arbitrage and auto-trading.
How Much Does ApiTrade Cost?
As we mentioned above, this cryptocurrency bot charges a 50% cut on all profits is generated from its trades. The platform uses this approach to give its users peace of mind so that they basically don’t have to pay a fee at all until they have generated a profit.
However, this also means that you will end up losing a huge chunk of your profits when you do make any revenue from your trades.
This is definitely different from other cryptocurrency bots out there and is considered relatively controversial.
How Easy is it to Use?
ApiTrade.pro puts a limit on its customization options, which means that there is a certain simplicity to it. According to existing clients, its interface is intuitive, which makes it relatively easy to use.
You also have the option of switching between different trading algorithms, which means that you can switch to manual trading, but at the end of the day, these guys still have a lot of room to improve when it comes to their customization options.
What Settings Are Available?
ApiTrade doesn’t offer too many settings for its clients, as we have mentioned already. Instead, you can use their preset algorithms that are associated with arbitrage as well as automated trading.
Each of the options includes detailed strategies for trading, which will be automatically applied to your cryptocurrency balance. The platform claims to continually update these algorithms and allows its users to choose between them.
However, if you are trying to find a cryptocurrency trading bot that offers its clients traditional order types, or customization that goes into great detail, you are definitely going to be disappointed with this interface. It certainly leaves a lot to be desired.
How Secure is ApiTrade?
ApiTrade.pro says that they operate their features on a website that is secured by HTTPS. This means that if you share any personal data on their exchange, it will be encrypted, and kept safe from malicious parties.
They also implement two-factor authentication when it comes to login mechanisms, and it doesn’t ask its clients for withdrawal access through account APIs.
What this all means is that you are working with a relatively standard cryptocurrency bot, that doesn’t have anything to offer that you can’t find anywhere else.
Top ApiTrade Alternatives
ApiTrade.pro is just about as simple as it gets, and definitely erring on the lazy side when it comes to its features. They have all been prepackaged and customized to the point where you don’t really have to do anything, but there is a downside to this as we have discussed.
The fact that you can’t really customize their features means that you have to just take what they are offering, and a lot of the time, this won’t be in line with what you require when it comes to trades. As alternatives, we suggest Bitsgap and Quadency.
Both are cryptocurrency trading bots that offer an easy-to-use interface, secure features, and customizable services which means that you are in charge of how your trades are executed, whether you are a veteran in the industry or a newbie.
ApiTrade.pro would be worth your time if they weren’t so lazy with their features and didn’t require 50% of your profit.
While you might be tempted by the fact that you don’t have to pay anything upfront to use their features, you are going to end up spending more in the long run and giving up more of your revenue than you’re probably comfortable with.
We suggest that you go for something a little bit more reliable, and proactive when it comes to the features it offers its clients.
ApiTrade.pro hasn’t been able to amass as big of a community as it was probably hoping to, and one of the biggest reasons for this is the fact that it is highly automated. Another aspect is that it has a relatively unconventional approach to trading in the form of machine learning, where it will give its users different algorithms to choose from.
Operating System: Windows, Mac, Linux, iOS
Application Category: Crypto
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