Is OctoBot safe to connect to an AI agent?
Can trade unattended. Safety 60%
What an AI agent can do
- Live vs paper: live and paper (virtual money) source
- Order approval: open-source (GPL-3.0) bot with DCA, grid, AI/ChatGPT, TradingView and copy bots; ccxt connectors to Binance, OKX, Coinbase, Kucoin, Bybit, Hyperliquid and more; crypto only source
- Markets: crypto
- Pricing: self-hosted open source is free; OctoBot cloud has a free Investor plan (up to 10 bots, 14-day paper trading); Investor Plus $9.99/mo, Pro $29.99/mo, 7-day trial
Safeguards that exist
- Paper, demo or testnet mode: Paper, demo or testnet mode available source
- Withdrawal permission needed or allowed: OctoBot needs only read and trade permissions; without withdrawal enabled on the key, the exchange blocks withdrawals (official docs) source
- Scoped keys, permission scopes or IP whitelisting: OctoBot relies on exchange-scoped keys and advises granting no permissions beyond read and trade (official docs) source
- Open source or audited: Open source source
Safeguards that are missing
Safety score
| Input | From our listing | Points |
|---|---|---|
| Can it place live orders unattended? | Can place live orders with no documented approval step | 0 / 25 |
| Order approval or confirmation options | No approval or limit option in our listing | 0 / 15 |
| Paper, demo or testnet mode | Paper, demo or testnet mode available | 15 / 15 |
| Withdrawal permission needed or allowed | OctoBot needs only read and trade permissions; without withdrawal enabled on the key, the exchange blocks withdrawals (official docs) source | 15 / 15 |
| Scoped keys, permission scopes or IP whitelisting | OctoBot relies on exchange-scoped keys and advises granting no permissions beyond read and trade (official docs) source | 10 / 10 |
| Open source or audited | Open source | 10 / 10 |
| Sourced and verified facts | Facts from the vendor's official docs | 10 / 10 |
| Total | 60% of the points we could check | 60 / 100 |
Sources
- https://www.octobot.cloud/en/pricing
- https://www.octobot.cloud/en/investing/what-is-an-exchange-api-key
Full listing: OctoBot ยท How the score works: Safety score method