A cryptocurrency trading bot is an automated program that executes buy and sell orders with no manual input when specific, pre-defined market conditions are met. You can set the price range, the number of grids, and the distance between them independently in the Set Myself mode. These changes will enable you to improve the strategy with only some basic knowledge. Recall that, when working in the Grid Bot manual mode, the minimum gaps between grids must be larger than the commission size multiplied by two (sale & purchase charges) for the bot to make a profit. Everyone knows that, as most users leverage their positions, the futures market tends to have higher liquidity than the spot market.
You can also submit a support ticket or search for a topic you need help with. The platform has established a solid reputation since its launch in 2019, with various certifications, guarantees, and financial backing providing a very strong foundation for TokenTact’s operations. TokenTact can be contacted via the email address below, Telegram or through a live chat functionality at the bottom right corner of the website. TokenTact has been operating for more than two years, over 980 days without a security breach since its inception in 2019. With the aid of this bot, you can ‘HODL’ your crypto more effectively. Generally, TokenTact has three key core products which offer a number of advantages to its users.
Everyone has the ability to manually visit cryptocurrency exchanges in order to complete a transaction, but scanning the market on your own is by no means a simple undertaking. Trading cryptocurrency in person takes a significant amount of time and effort, as well as difficult calculations and predictions. You don’t have to pay any extra fee or subscription to use the bots. The only fee you have to pay is the trading fee, which is 0.05% per transaction. However, you will not find margin and leveraged trading bots on the TokenTact US version due to US laws.
It is critical that you put enough failsafes in place so when the market takes an unexpected move, bot parameters ensure it is limited. Only diference is, that you use first currency in pair, and it shows you how much tokens did you earn, instead of usdt. Due to high demand from the users of https://privatobank.com/tokentact-bot-review/, this feature was recently added to the TokenTact App. Traders can utilise “Release Profit” to release their profit from Grid Bots and Reverse Grid Bots without having to cancel them. This is especially handy if you have long-running Bots that have already generated a significant profit.
Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them. TokenTact keeps their funds with trustworthy exchanges such as Binance and Huobi, furthermore they have received an MSB license from FinCEN, furthering their authenticity. TokenTact provides a safe business environment that complies with US agencies’ security regulations.
When using the platform, your wallet must remain free of fiat currency. Stablecoins, such as USDT, are also supported, providing a good option to avoid price fluctuations between exchanges and limit the possibility of account capital dropping. TokenTact clients can find other successful investors and copy their trading bot setups. This allows users to buy and sell cryptos 24/7 from a user-friendly platform and app. On TokenTact, it is entirely free to use the 16 various trading bots that are built into the exchange itself.
- This along with the investments of renowned Chinese venture capital firms including ZhenFund and Gaorong Capital has given even more legitimacy to the company.
- Watch this short video introducing the Grid Trading bot to gain a better understanding.
- You can freely choose a strategy, and upon selection, it will provide you with the estimated liquidation price.
- It offers leverage choices ranging from 1.2X to 5X, and you may utilize the tools provided to increase your profits.
It would be 5% of my balance, and you could change the percentage you preferred. As long as you’re bullish with Bitcoin, then use this strategy to prevent you from shaken out by the volatile market. Now you all have agreed with me that HODLing is impossible and are looking for some change for your future investment strategy. If you’re not satisfied with the default strategy, you can also choose to set parameters manually. If you have already upgraded to the latest version as described at the top of the article, you can start using TokenTact’s futures grid. If you’re running a script or application, please register or sign in with your developer credentials here.
However, the risk involved is that you may face forced liquidation within the grid range or enter the two-layer buffer state. In this case, some of the grid cells you have set may be unable to place orders until you add sufficient margin again. As a leading platform in the trading bot industry, TokenTact is committed to providing the best trading bot experience. In the development of TokenTact Futures Grid, we have once again taken the lead in various details. You can freely choose a strategy, and upon selection, it will provide you with the estimated liquidation price.
Schedule buying and selling at the same time with take profit and stop loss orders to avoid the risks of losses and improve your win rate. View the TokenTact bot tutorial information on their website to find the best bot for you and your trading strategy. The company holds a USA Money Services Business license (MSB) with a Monetary Authority of Singapore (MAS) license pending.
But using the best strategies can increase your chances of profit and minimize the risks of losing money. Yes, TokenTact is a legit exchange that has been licensed by the authorities in Singapore and the US. It also has a high level of security, as it keeps most of its users’ funds in offline wallets and has a backup fund to cover any losses.
We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. Opening an account is a quick and simple process, simply select the ‘Sign Up’ button on the website and complete the online form to create a set of login details. Either a phone number or email address is required for a verification code and you may want to fill out KYC details to increase withdrawal limits, though this is optional. If you have a referral code you can also include that to earn rewards.