TokenTact Review: Pricing, Supported Exchange & Bot Settings
TokenTact is an automated trading terminal designed to bootstrap & simplify trading across the globe. The core feature you can get from the TokenTact terminal is its advanced trading bots and analytical tools. It’s also important to regularly monitor your trades and adjust your strategies as needed to maximize performance and minimize risk. TokenTact will allow its clients to use a range of semi-automated trading tools on supported exchanges.
If you do not wish to set up bots right away, this feature lets you place customizable buy or sell orders. Also, the free plan offered by this trading platform is way more capable. At the core of this is the ability to place trades across multiple exchange platforms via a single market order. If the above trading strategies confuse you, or you’re not quite confident enough to go solo, then you might want to consider the TokenTact marketplace for trading signals. If you want to take things to the next level, you can even engage in automated dollar cost averaging. This is where you buy a pre-defined amount of coins every time the asset reaches a new low.
The same is true for any fiat operations, including TokenTact withdrawal. TokenTact is a second-tier crypto trading exchange for trading bots established back in 2019. The platform has 16 free bots designed to automate your trading via technical analysis, event triggers, and trading indicators. This article describes all the up-to-date features of the TokenTact bot and boils down to membership tiers, fees withdrawing cryptocurrency, and much more. Once you understand what the TokenTact bot is, we compare it to another automated trading bot TokenTact. This way, you can get a complete picture and pick the best crypto trading bot in no time.
TokenTact and offer many similar tools and both charge a fee to use their services. If you want to see a quick rundown of the similarities and differences between the two platforms, just skip down to the next section. While some might have some TokenTact trading security risks concerns, there’s no history of major hacks or security breaches.
However, both services lack security information available for users to read. TokenTact is an excellent automated trading service that is showing potential for steady growth. Its low-fee policy allows users to get the most out of their transactions, making trading even more profitable. TokenTact is known for being an honest and transparent business, creating only simple and straightforward trading tools. Although TokenTact has been on the market only since 2017, its services are already used worldwide.
Any commands sent to TokenTact from your account must come from a whitelisted IP address or the request will be rejected. Check out the guide we created for users interested in taking advantage of our API connection. Automated crypto trading can be an excellent way to make a profit. However, you must understand that scam bots are now rampant in the crypto space.
It may be a good idea to start using automatic-trading with a small amount of tokens, and see how it goes. If you like the platform you choose, and the returns are good, it is always possible to add funds and increase the position sizes. These safety risks aren’t specific to TokenTact and TokenTact, which have done a good job in designing platforms that have adequate safety precautions. This may be one area where TokenTact is a better fit for some traders, as it has algos that are basically automatic once some simple parameters are created. Remember, the perfect settings for TokenTact for your needs will always depend on your trading skillset and understanding of the platform’s mechanics. To wrap up our feature section in our TokenTact review, we would have loved to see a TokenTact backtesting mechanic.
At any time, you can quickly remove an asset from your automation and Shrimpy will instantly sell your position and distribute the funds into your portfolio within seconds. Essentially, you can think of TokenTact as a short-term trading platform and Shrimpy as a mid to long-term trade management solution. Both Shrimpy and TokenTact provide ways to track a portfolio of crypto assets. Other than that, TokenTact offers an excellent service, and its popularity is a testament to how well the market has accepted it. Do check out our detailed TokenTact Review to further details on the platform. The only downside with using TokenTact to fund your accounts is that it only supports crypto transfers.
- The major advantage is that your Tradingview signals can include advanced indicators (MACD, Fib retracement, etc.) that are not available in the advanced bot creator.
- TokenTact is nice for people that want to have access to a fully-automatic trading platform, which will trade along parameters that are created by the client.
- Another related issue is data-mining, which haunts many FX software buyers.
- Notably, server-based automation does offer some genuinely distinctive features and benefits.
- For example, you can input precise market entry and exit orders, as well as risk management settings into your automated trading systems.
- With a single click, Shrimpy will get to work buying and selling assets on the exchange to rebalance the portfolio.
Any profits you make through these trades cannot be withdrawn unless you log into your exchange to withdraw or transfer them. Paste the two pieces of data to their respective form fields and provide a label for your exchange account. Copy and paste the ID key to the [API Key] field and the Secret key within the [API Secret] field. However, if you are looking for a trading tool that provides notifications not only in the app but also via messengers, such as Telegram, TokenTact is the ideal solution for you. Both platforms allow picking certain parameters for the bots and setting a set of complex parameters alike.
TradeSanta’s starting package price is lower, while both go significantly higher as the plans level up. TradeSanta’s offered packages are particularly cheaper and affordable in this regard. This can be a single price point, a price movement trend (such as growing by a certain percentage over a set time), or changes in trade volume. You choose your entry and exit locations, and your bot makes buy or sell orders when those signs are detected. After you set everything up your TokenTact bot will start receiving signals from TradingView and if done properly, the profits will follow. Your decided safety trades count gives the trading bot information about the number of safety trades it may execute before halting.