Frequently Asked Questions

What exactly do you offer, may I have a TLDR?

We have a trading algorithm that preforms very well. We provide you access to our algorithm through our user friendly interface.

What are the costs?

There are 0 upfront costs! We only make money when you do. We invoice you 20% of your earnings.
For example, if you've earned $100 profit trading on Coinpilot, you will be invoiced 20$.

When you register you're allowed to have negative balance for 2 weeks. After this period trading will be disabled until you top up your balance.

Is there a minimum investment to get started?

For spot it's recommended to have at least 1000 USD (or equivalent in BTC) for the best results. However, if you have less you can increase lot size in exchange creation/editing page (default is 5%).

Minimal trade amounts:
- For binance and kucoin futures its around 20$
- For binance spot it's around 12$
- For kucoin spot it's around 1$

We recommend to use our lot size calculator on adding/editing of exchange.

How are my funds protected? What stops you from stealing my assets?

Taking your assets is not possible. You provide us with an API key without the permissions for withdrawing. All we can do with an API key is submit trades.

What are the risks? What could go wrong?

There is always a risk when it comes to trading, though we minimize these risks by executing multiple trades and having appropriate stop loss. In the worst case scenario (Which should never happen), closing 10 trades at a loss would result in a 11.2% loss.

I am a U.S customer and Binance is not supported in the U.S.

If you are from the U.S. or another country that disallows Binance, we are now offering Kucoin as an accepted exchange!

I am an experienced trader and want to be able to input my own trading strategy into the bot.

We are not ready for this yet. All of our competitors are aimed for experienced traders. We believe the every day person should have the opportunity to take advantage of crypto trading and our prime demographic is to attract new investors into the field with our friendly interface and ease of use.