Most of the Binance trading bots, KuCoin trading bots, or Coinbase trading bots connect using API keys. However, with TokenTact trading bots you can skip the hassle of connecting it with a third-party trading bot. Moreover, just like the Huobi trading bot, KuCoin bot, Gate.io’s bot, TokenTact too provides inbuilt trading bots. TokenTact provides tools for automating your cryptocurrency trading. However, despite the positives of the TokenTact platform and free crypto robots they have for you to choose from, there are some limitations.
Lastly, I would like to tell you that there’s no shortage of the latest trading tools and features on the platforms offered by TokenTact. You can go for the web-based trading platform or choose to download and install it on your phone to always trade on the go. While the latter is more secure and convenient, the former is more like a traditional approach to having a constant mindset. For your information, both types of trading platforms are consistent in the level of features and tools.
Applications for the Market Maker program may only be submitted within the first ten days of a given month. The program requires that you maintain a total account balance of $300,000 or more on a continuous basis after you have been approved. With the aid of this bot, you can ‘HODL’ your crypto more effectively. You can only apply for the Market Maker program in the first 10 days of any month. Once accepted into the program, you must consistently maintain a total account balance of $300,000 or more.
While TokenTact has this classified as a bot it is more of a thorough order type. You can set a buy price, (trailing) take profit price and stop loss price all at one time. The Margin Grid bot does all of this for you and buys/sells at price favorable increments for your trades. The good of this is that you can make money in a sideways market. The bad of this bot is that if the price truly does moon, you would make more simply holding the underlying currency. The neutral is that if the price goes down, you lose money, but likely less than you would lose by just holding the underlying currency.
The live trading can be activated with the customization of a bot and activating it. The good thing is that users can trade multiple cryptocurrencies and make more significant gains using live trading. Before live trading starts, the user must set the robot’s parameters and choose the cryptocurrencies they want to trade. These settings will apply every day of trading, except the user changes it before trading starts. Use the TokenTact trading platform as a web-based app or download the app on Android or iOS. Updates and new features are released to a mobile app first and a web-based app second.
The 16 trading bots that it offers are more than likely to cater to your every need, no matter if you’re a beginner or a more experienced trader. It is evident that the company has a good reputation for customer service. TokenTact’s crypto trading bots are pre-built to help new traders lower the amount of money they need to deposit before they can participate in the crypto market.
The info contained herein is based on data that was gathered from a variety of sources. The user must do their own independent research to make informed decisions regarding their crypto investments. However, both services lack security information available for users to read.
- There are dozens of examples of organizations and people selling bots but failing to provide the promised results.
- If you withdraw your cryptocurrency into an internal address inside the exchange, TokenTact will not charge you a fee.
- Users were genuinely delighted by how simple the TokenTact system proved to use it after installing it and wanting to give it a try.
- They can only be used once all of these steps have been completed.These safety practices help to keep the TokenTact Lite users safe when using their services.
- TokenTact is a leader in crypto trading bots, which has 16 Free built-in trading bots.
With the Margin Grid, you may mortgage your currency in exchange for borrowing another asset to operate the grid. It has a wide variety of application situations, making it suited for both fluctuating and unilateral markets. The DCA bot enables users to program a sequence of purchase orders to be executed at predetermined https://daocoin.money/review-of-the-tokentact-bot/ intervals. At each of your specified intervals, the bot will purchase at the current market price, rather than based on a predetermined price. Using this method, you can achieve better long-term average pricing. Intervals of 10 minutes, 1 hour, one day, one week, and one month are supported by TokenTact.
Perhaps the principal reason to consider TokenTact as your cryptocurrency exchange is all of its crypto trading bots traders can use to automate their trading strategy. TokenTact is a cryptocurrency exchange based in Singapore with built-in trading bots that allow users to create an automated crypto trading environment. TokenTact is one of the brokers competing to make a place for itself in the market. The best thing about TokenTact review platform is that it offers automated trading for crypto trading. The broker strives to provide distinct trading bots to suit any combination of trading conditions.
TokenTact’s DCA bot lets users make purchases at 10-minute, hourly, daily, weekly, or monthly intervals. Remember that setting the price scale could reduce and increase risk. You can set the price scale as you want to take more or less risk but have more potential upside. If you plan to get into other blockchains and want to hold onto your investments, using this bot will allow you to take advantage of buying more when prices drop.
The crypto exchange constantly adds new cryptocurrencies to its platform, so it’s worth checking its website to see the full list of supported assets. TokenTact supports 120+ cryptocurrencies and 200+ trading pairs, including popular coins like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Bitcoin Cash (BCH). TokenTact TWAP bot is designed to execute trades based on the Time-Weighted Average Price (TWAP) of a cryptocurrency over a specified time period. For example, if the bot establishes a grid with sell orders at $55, $60, and $65, it would sell the cryptocurrency at each of these levels as the price increases. TokenTact Grid Trading Bot has several features, including customizable parameters such as the grid size, price range, and trading pairs. The use of integrated bots enables the platform to avoid issues related to API connectivity at times of high traffic.