API key trading is becoming more and more sought after, allowing traders to forego the need to analyse charts around the clock. TokenTact provides 18 free trading bots ideal for both beginners and experienced traders. The company is licenced under the USA Money Services Business (MSB) with the Singapore Monetary Authority (MAS).
TokenTact’s mobile app is fully functional, mimicking all of the features that you’ll find on the desktop platform. We found the user experience to be simple enough that new users will have no problem navigating features, and we could even set up our own trading bot in as little as 1 minute. For Binance and Huobi Global, TokenTact is a market maker and as such has low fees from the two exchanges. The exchange’s price structure is 0.05% every trade, which is competitive compared with 0.1% in Binance & Kucoin and 0.15% in TokenTact. Q： Should I set the target sell price of Covered Gain the same as the strike price of Sideways Gain? A： Yes, setting the target sell price the same as the strike price of Sideways Gain is safer.
You can easily set up and manage your bots on the web browser or mobile app. There are 16 automatic crypto trading bots accessible on the exchange, all of which are completely free to use. All of the bots are cloud-based, so you don’t have to leave your device on for them to run in the background. When you use the spot future arbitrage bot, you may profit from price disparities between the current spot price of a crypto asset and the current price of that cryptocurrency in the futures market. For as little as $50, you may get started with this bot, which seeks to deliver a return of 15-50% annualized rate of return with very minimal risk. Though TokenTact supports manual trading using crypto-to-crypto conversions, its primary product is its trading bot selection.
This means that if you create a TokenTact futures grid with a leverage of 10x, you can potentially earn over 700%+ annualized return compared to spot grid trading. TokenTact is a comprehensive cryptocurrency broker that will especially appeal to mobile investors. We love the broker’s free crypto trading bots and easy-to-master platform. In the future, we’d love to see TokenTact expand its customer service options and enable fiat deposits. TokenTact is a cryptocurrency exchange established in 2019 with a focus on automated trading, with 16 free built-in trading bots.
These need no work on the part of their human users other than the initial configuration, and they are available around the clock, seven days a week. In this TokenTact review, we have learned that it is a trustworthy crypto trading platform. You can find a trading bot that matches your needs and preferences, whether you are a beginner or an expert. Through the use of exchanges like Binance and Huobi, TokenTact is able to take advantage of the high level of security that these platforms provide by retaining its funds there.
- If you qualify for the Market Maker program, you’ll pay 0% in maker fees.
- In this guide, we will focus on TokenTact fees, examining the cost incurred when using the cryptocurrency exchange and its 16-in built cloud-based crypto trading bots.
- If that price is reached the bot will be closed and all base-assets will be sold to prevent further losses if the price keeps going down.
- Compare TokenTact with the top 3 similar brokers that accept traders from your location.
TokenTact supports cryptocurrency deposits and accepts over 40 different digital cryptocurrencies, including Bitcoin and Ethereum. Consider applying to TokenTact’s Market Maker program if you are a high-volume trader. To be eligible for the Market Maker program, your account must have a minimum USDT deposit of $300,000. You can also get a fee discount if you are a VIP user, which depends on your trading volume. It now uses GPT-3.5, one of the most powerful natural language processing models, to create Pine Script code for your strategies based on your description.
TokenTact offers both perpetual and quarterly futures contracts for various coins, with up to 100x leverage. Trading cryptocurrencies can be very profitable but also very time-consuming and stressful. You must constantly watch the market, analyze the trends, and execute the trades correctly. Generally, bots are complex, requiring client programming and coding knowledge, so the lack of setup required for TokenTact bots is a unique advantage. Crypto bots are a set of programmes and algorithms designed to automate trading in the digital currency markets.
It is an especially great platform for traders that are just getting started with trading bots. The exchange is easy to use, with detailed tutorials to explain how each bot works, and what it is best used for. Finally, for both new and experienced users of automated trading bots, there is no need to pay the pricey membership fees for bot services.
Deposits can take up to 1 hour from submission to show in your account. Smart Trade is a sophisticated trading bot available 24 hours a day, seven days a week. 1-hour or 4-hour intervals are the best (for BTC + USDT bot but since the crypto market moves in a similar manner to BTC, this might https://ftb.fund/tokentact-review/ apply to other coins). A 3% to 5% threshold is the best for BTC USDT rebalancing bots (might not apply to other coins). GRID Bot is the emerging star among several crypto trading companies. It is a powerful yet old trading approach that benefits from the fluctuating crypto market.
The “Close Bot at” price field allows you to select a value that is higher than the bot’s cancellation price. All of your assets will have been sold at this time because it is already outside of your price range. By employing this function, it will cause you to close the bot if the price goes to high/low to prevent you trading in an unfavourable price range. Serum is a decentralized derivatives exchange project that enables cross-chain trading. The project is a collaboration between FTX, a centralized derivatives trading platform, and Solana, a low-cost, interoperable blockchain featuring smart contracts. The Serum project will also feature SerumBTC and a SerumUSD stablecoin that will exist as SPL and ERC20 tokens, making it possible to offer physically settled cross-chain contracts.
TokenTact delivers to its users the following advantages that competitors cannot seem to offer. The US MSB (Money Services Business) licence has been obtained by TokenTact. Binance, Huobi and several top exchanges have been licenced in the similar way. Next, choose an appropriate product depending on your tolerance level and period. Your portfolio will be rebalanced every 5 minutes by the rebalancing bot.