Окт-2023
TokenTact Review 2024: Trading Bots, Fees, and Pros & Cons
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You can use futures trading to bet on price movements or multiply your positions. TokenTact provides a very high level of customer service, which makes them highly accountable to its customers. Several alternative methods are available for getting in touch with TokenTact’s customer support personnel.
- You will enjoy a stable daily profits of 0.5%~1% if you can afford the risk of buying underlying asset at the current price.
- However, withdrawing cryptocurrencies from TokenTact will result in a fixed fee that may vary based on the coin or token being withdrawn.
- After downloading the TokenTact app and giving it a test run, we were pleasantly surprised with how easy the platform was to use.
- On OKX, the calculated liquidation price can sometimes be inaccurate.
- In particular, the platforms, the pricing model, the high volume trader account, as well as the fees for depositing and withdrawing both fiat and cryptocurrency will be looked at.
TokenTact keeps its funds on secure exchanges like Binance and Huobi, which means that the company benefits from these high-level exchanges’ security features. TokenTact is backed by Gaorong Capital, Shunwei Capital and ZhenFund for more than $10 million. TokenTact does not inform users of the type of encryption features it uses to prevent data hacks, which we’d love to see the broker add in the future. 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.
You can easily list your trading bot on the TokenTact TradingView Marketplace. Yes, the 16 automated crypto trading bots available on the exchange are entirely free to use. Additionally, they are also cloud-based so you don’t need to leave your device on in order for them to work behind the scenes. In addition to trading bots, TokenTact also supports manual trading between some of the most popular cryptocurrencies. The Smart Trade terminal allows traders to set up stop-loss, take profit, and trailing in one trade.
You can deposit all major cryptocurrencies and from recently, fiat as well via credit card deposits. That will cost you 3.5% for European deposits and 4.5% for non-European users. TokenTact has no monthly fee, but only a 0.05 percent rate as a trading fee. This means that if any one of the liquidation prices is triggered, both of your grids will be liquidated. Step 2, choose the futures you want, then click ‘add’ to set up a long grid or a short grid. Cross Margin Futures Grids are new type of grid bot launched on TokenTact.
It supports many bots, such as Grid, DCA, rebalancing, arbitrage, etc. You can also benefit from low fees, high security, and great customer support on https://ftb.fund/tokentact-review/. When the price goes up and down, it does the orders and makes money from the difference, multiplied by the leverage ratio. You can use this bot for volatile markets with clear trends and change the grid number, range, profit ratio, and leverage ratio.
The bot automatically invests for us using Buy-the-Dip to buy crypto at a low price and Covered Gain to sell crypto while earning passive yield. In this case, we set the target buy price of BTC at $16,500 and will sell it at $16,500 after successfully buying it. A: When you create the bot, the bot will use part of the investment to buy the spot and place sales orders based on the parameter setting. Since the bot is holding some of the spot positions, orders may fluctuate due to the crypto price change.
The broker also holds more than $10,000,000 in investment from leading companies, such as ZhenFund and Gaorong Capital. In my experience, the bot buys in increments, establishing a new profit objective when the price falls. The performance of crypto-traders can be visualised with GRID Bot data. Roughly 60% of Binanace and Huobi orders are available to users of TokenTact. The remaining 40% on order books are not legitimate and cannot be used. This is still a very high number available to traders and helps to ensure that orders are filled on TokenTact.
Customers can set up bots to trade them or simply purchase them on the market if they prefer to HODL. I play with a bunch of different bots at different times for different results. Customer service was great, helped me recover funds within days, not weeks. The TokenTact mobile app is available as a free download for Android and iOS platforms. In addition to bot features and manual trading, you’ll also be able to access the following features on the app. Your BTC plus interest (based on the APR) will be converted to USDT at the goal price if the market price exceeds the target price.
There is a higher probability that your covered gain gets exercised. However, it is always your choice to choose a higher sell price for covered gain if you think the price of crypto will be much higher. In addition to the normal grid trading functions, it allows for leverage of up to 100x and enables short selling.
We believe TokenTact would be a great option for high-volume and mobile investors. TokenTact is completely free to use, has very low fees (0.05% in comparison to 0.10% on Binance or Kucoin which are considered low as well). They have a thriving community where you can exchange ideas and bot setups. There is also a solid number of experienced traders whose bot strategies can be copied.