Wolfbot is an open-source bot that trades 24/7 automatically, with the code public on the Github website. It is written in typescript for Node.js and MongoDB. The platform supports multiple trading techniques, including arbitrage and lending. It is entirely cloud-based, requiring no installation on the user’s PC.
First Wolfbot quick summary
The bots use several techniques to trade in the market on the cloud-based servers. The strength and weaknesses of the platform are mentioned in the given table.
|Wolfbot has three modes: trading, lending, and arbitrage||The platform is not beginner-friendly|
|It is open-source and cloud-based software||Some features are not supported on a few exchanges|
|There are no customer reviews on trusted websites like TrustPilot|
|Ease of Investment:||2/5|
What is Wolfbot?
How does Wolfbot generate profits?
Wolfbot buys the dip and sells when the market changes rapidly. It searches the instruments and trades according to the strategies set by the trader. Users can edit their game plans or contribute to the platform with new methods. The bot uses several trading techniques for generating profits, such as the relative strength index (RSI), stop loss turn, take profit, day trading, long term, and trading view signals.
Safety and security
The vendor has not provided any security or safety measures on the platform, making it unreliable. There are no details on how it protects user funds and data making it hard for traders to trust the bot.
How Wolfbot’s pricing works
The purchasing price of Wolfbot depends on the period. A one-month subscription comes for $90 and $480/6 months, $700 for a year. Payment is possible through Paypal or credit/debit cards. The offer includes the following features:
- 1 Wolfbot cloud instance
- Unlimited trading pairs
- Access to all strategies, plugins, and indicators
- Premium support and notifications
- All exchange compatibility
Wolfbot supports multiple cryptocurrency exchanges, which are as follows:
- Coinbase pro
Note that features like trading, margin, arbitrage, lending, and futures are not supported on every exchange.
How long has Wolfbot been in business?
Wolfbot lacks necessary information about its mother company, foundation year, and vendor details. There are no details about the team behind the platform that raise concerns about the bot’s safety and legitimacy. It only mentions that Wolf Data Intelligence Ltd operates all services.
How to get started with Wolfbot?
Traders can start trading with Wolfbot by following these steps:
- Create an account on the Wolfbot website
- Buy the bot according to your needs
- Visit the order page under the “My Account” section
- Bookmark the Bot’s URL obtained from the view tab and open it
- Log in to the platform and add the API keys from the configuration section of the bot
- Choose and optimize strategies and run the software
We cannot find any customer reviews on trusted third-party platforms like Trustpilot. The absence of user experience shows a lack of reputation and interest of the general community in the service.
Wolfbot is an open-source trading algorithm available on the GitHub website. There are some serious drawbacks of using the platform, such as safety, detailed records, etc., which raises concerns about the product's reliability. The developer has not elaborated on the functionality, and vendor transparency is lacking.