What is Bitlot?
· 4 min read · Bitlot Team
Bitlot is trading automation software. It connects to an exchange account you already own, on Binance, OKX, Bybit or Bitget, and places and manages trades there for you according to rules you choose. Your trading funds never leave your exchange account.
This guide explains what Bitlot does, how the connection works, and what you need before you start.
What Bitlot does
Bitlot brings four tools together in one app:
- Auto Trader watches the market around the clock and opens trades when a coin meets your entry rule. It then manages the exit for you with take-profit, stop-loss and smart exit.
- Copy trading mirrors a leader's trades in your own account, scaled to the amount you allocate. You can stop following at any moment.
- Signals highlight coins that are moving right now, computed from live Binance market data. Open the trade screen for a signal in one tap and set take-profit and stop-loss there, on any linked exchange that lists the coin.
- Smart trading tools add take-profit, stop-loss, rebuy (DCA) ladders and a trailing smart exit to the trades you place by hand.
Every tool works on the same linked exchange account, so you can see and close any position yourself, in Bitlot or directly on the exchange.
The trade-only key model
Bitlot talks to your exchange through an API key: a pair of credentials the exchange issues so that software can act on your account. Each key has its own permissions, and you decide which ones to grant.
Bitlot only needs permission to read your account and trade. It never asks for permission to withdraw, and it refuses to link a key that has withdrawal switched on. Keys are re-checked regularly, so if withdrawal is ever enabled later, Bitlot stops using the key.
This has two practical consequences:
- Bitlot never holds your trading funds. They stay in your exchange account, under your exchange login.
- Bitlot can never withdraw from your exchange account. The key it holds simply doesn't allow it.
You can also lock the key to Bitlot's server IP addresses, so that even a leaked key would be useless anywhere else. Every exchange guide in the Academy shows how.
How you pay
Signing up is free and there is no subscription. Bitlot charges a fuel fee of 20% of the profit on each winning close, taken from a prepaid fuel balance. It is charged per profitable close, not on net profit, and losing trades are charged no fuel fee. The fuel guide walks through a worked example.
The fuel balance is the one amount Bitlot does hold: it's money you top up specifically to pay fees, kept separate from your trading funds, and any unused fuel can be withdrawn.
What you need
Before you start, have these ready:
- An account on a supported exchange: Binance, OKX, Bybit or Bitget, with identity verification complete so that API keys and futures trading are available to you.
- Funds on that exchange for the markets you want to trade. Bitlot trades with what is already there.
- A few minutes to create an API key. Follow the guide for your exchange in the Exchanges section.
- A small fuel top-up. You need at least $5 of fuel to open new positions. Closing positions is never blocked, whatever your balance.
Getting set up
- Create your free Bitlot account.
- On your exchange, create a trade-only API key restricted to Bitlot's IP addresses.
- In Bitlot, open Settings → Venues & API keys, choose your exchange and paste in the key.
- Top up your fuel balance.
- Choose a tool: start Auto Trader with your own limits, follow a leader, or place a manual trade with protective exits.
Start small while you learn how each tool behaves. Automation follows rules quickly and consistently, but it does not remove market risk: prices can move against any position, and leverage magnifies losses as well as gains.