How much does HodlBot cost?
It's free for the first 14 days, and $10 a month afterwards. All accounts under $500 are free forever. We don't charge a % fee. Our users keep all their returns.
How does HodlBot protect my API Keys?
HodlBot only requires API keys with trade access, not withdrawal. This means nobody can withdraw funds from your Binance account. We encrypt all user data on our end with cryptographically secure hash functions. In addition, we engage in penetration testing and monitor logs to shut down trading in the case of suspicious activity.
Does HodlBot take deposits?
No. HodlBot is a software tool, not a fund or an exchange. Deposit your cryptocurrency on Binance.
What kind of strategies can I choose?
You can index the market with the HODL20 or you can create your own custom portfolio strategy.
What happens after I activate a strategy?
HodlBot will execute the trades on your Binance account so that your portfolio will match the composition of the strategy you've chosen.
What is the HODL20?
The HODL 20 is a cryptocurrency index that users can replicate with their own Binance account. The index weighs the top 20 cryptocurrencies by market cap, and caps each coin at 10%. You can read more about it here.
How does HodlBot rebalance my portfolio?
HodlBot rebalances your portfolio by intelligently making a series of trades to get you towards your target allocation. The default period is one month but you can customize it. You can also manually trigger rebalances anytime.
Does HodlBot charge a transacation fee for trades?
HodlBot does not charge any transaction fees. Binance charges 0.1% transaction fee on trades. For the HODL 20, a 3 year historical back-test with monthly rebalances incurred an average of 0.26% from transaction fees per year.
Does HodlBot trade everything in my account?
Yes. When you use HodlBot, it will execute the strategy with all of the holdings in your Binance exchange account. If you wish to actively trade, you should do it on another exchange account. The other option is to place limit sells at ridiculous prices on coins you want to hold. HodlBot ignores open orders.
What is the account minimum?
There is no account minimum. We recommend $200 to protect users from Binance's minimum trading limit and make sure that diversified portfolios can be created properly.
What are the tax implications of using HodlBot?
In certain jurisdictions, buy & sell actions on exchanges are taxable events. To comply with tax regulations, you will be able to export a log of HodlBot's transactions in csv format.
What are the upcoming product changes?
We're constantly updating our product. Our public roadmap is available here.