Blog
May 26, 2020

The 7 most frequently asked questions about BOTS

Investing with Bots is super easy. Basically, anyone can do it. To help you get started with BOTS, we answer the 7 most frequently asked questions about BOTS by RevenYOU today.

What's Bots anyway?

The Bots app is an open platform on which expert developers offer their bots. These bots invest for you. They make their choices based on artificial intelligence, machine learning and algorithms. So, bots are actually automated trading strategies.

With our app, the best trading strategies are now available to you. And not just for the richest 1% in the world. In this way, together we will turn the world of investing upside down and make it fairer and more transparent.

How do I start with Bots?

Starting to invest via Bots is easily done. Within 2 minutes you have created an account. Just make sure you have your ID on hand. You need it to create an account. This is a standard procedure for any company offering financial services. Once you've created an account, you can check which bots are currently trading and, very importantly, what their results are. Choose the bot you want to start with and transfer money to your wallet. You can start from € 50,- and you pay via iDeal.

What about the privacy of my data?

Because we work with Bots on financial markets, we have to abide by rules set by the government. Also in the field of data and your data. If we wouldn't abide by these rules, it would very quickly end for us. Regardless of all legal rules, data integrity is of paramount importance to us. Together with experts in the field of data security and integrity, we have built a platform that meets all security requirements.

How do you guys actually make your money?

Every company has to make money, otherwise they have no right to exist. That also applies to us, of course. We believe that you just shouldn't have to pay for those expensive office buildings from which 'normal' traders work. That's why every bot of ours only uses 0.002 x your deposit to offer you the best return. Part of this is for the bot developer and part for us. Fair and transparent. Depending on the exchange your bot is trading on, there will be an additional small contribution.

Why can I only trade in crypt currency now?

In terms of investment, Bots focuses for the time being on the crypto funds. And so we do this in an automated way. For us, as makers, the crypto currency market is a perfect place to further develop Bots. Think of it as a kind of development lab. In the long run, we want to offer not only crypto investments, but also stocks, bonds and investment funds.

Am I actually at risk with such smart bots?

There is no such thing as risk-free investment. You can lose (part of) your deposit. Bots invest smarter than people. The ratio between risk and return is therefore better. By investing with multiple bots, you already spread a lot of risk. Unfortunately we cannot give you any guarantees, but we do test our bots for at least 30 days on a certain market, before we offer them in the app.

In addition, we give all our bots a level of risk. This varies from 1 (low risk) to 12 (high risk). This risk level is determined by past performance of that specific strategy in a certain market.

What makes Bots different from other apps I can invest with?

With other apps you still invest through an intermediary. This could be a bank or, for example, a trader. Bots is a platform on which professional developers can offer their bots. Through the bot you trade directly on the market. We pay these bot creators a fee. And we're honest and transparent about this. It's immediately clear what happens to your money.

Investing is for everyone

Everyone should be able to invest. And now they can. With BOTS. Together we are going to make the world of investment fairer and more transparent. Are you interested, but your question hasn't been answered yet? Take a look at the FAQs on our site. Or contact us, we will be happy to explain it to you in person.

The BOTS app is now live

Important update: We are now out of the beta testing phase, download the BOTS app on your mobile phone today! For Android click here, for Apple click here.

There is no such thing as risk-free trading. It is possible to lose (part of) your stake.