Frequently Asked Questions

MySniperBot is a professional crypto paper trading platform. You can build custom algorithms, backtest them on real historical Binance market data, deploy automated paper trade bots, and analyze every trade in depth — all without risking real money.

Basic familiarity with crypto markets helps, but the platform is designed to be usable by anyone who wants to learn systematic trading. The Paper Trade environment is a risk-free way to develop and test your understanding.

Yes. The platform pulls live Binance market data every 15 minutes and stores it as snapshots. Backtests run on this real historical data. Paper trade bots track real live prices for TP/SL. The only simulated element is the capital.

You build an algorithm by defining entry conditions (price change, volume spike, BTC trend, market breadth, etc.), then backtest it against historical snapshots. Once satisfied, you deploy it as a Paper Trade bot that runs automatically, opening and closing virtual positions with real market prices.

Take Profit and Stop Loss are monitored against real Binance prices at each data refresh. When the price hits your TP or SL threshold, the position closes automatically. You can also set a time-stop to close a position after a set number of minutes regardless of price.

Yes. You can deploy multiple bots running different algorithms in parallel. Each bot has its own capital allocation, position sizing, TP/SL settings, and analytics. This lets you compare strategies side by side.

Analytics shows every closed trade from your bots with deep filtering. You can filter by BTC trend, market breadth, entry volume, volatility, and more — to discover exactly which market conditions your algorithm performs best in.

Live Trade connects your proven algorithm to your real Binance account via API and places real orders. Paper Trade simulates the same process with virtual capital. Live Trade is the next step — not a replacement for Paper Trade.

We believe no algorithm should touch real money before it has been validated. Paper Trade gives you the tools to test rigorously in a risk-free environment. Live Trade is an upgrade for traders who have done that work — not a shortcut around it.

No. Your Binance API key is used only during your active session to place trades. We never store your API credentials on our servers. We strongly recommend creating a restricted API key with trading permissions only — never enable withdrawal permissions.

Paper Trade is $299/year. Live Trade is also $299/year (requires an active Paper Trade license). See the Pricing page for full details.

We currently accept USDC payments on the Solana blockchain. More payment methods are coming soon.

All sales are final once a license is activated, due to the digital nature of the product. If you experience a technical issue within 48 hours of purchase, contact us at info@mysniperbot.com and we will assist you.

Email us at info@mysniperbot.com. Live Trade subscribers receive priority support with faster response times.