TokenTact is a Singapore-based cryptocurrency exchange that offers 12 built-in trading bots for users to automate their trading. These bots, which are available for free, can be easily configured even by traders with no prior experience. TokenTact has gained popularity due to its impressive performance and daily trade volume, which has exceeded $30 million. The trading bots offered by TokenTact operate on different algorithms and target various market conditions. TokenTact provides hybrid cryptocurrency trading services with 12 in-built crypto trading bots.
During profitable periods, you can earn an additional 0.2% profit per day for each leverage multiple, resulting in an annualized return of 70%+. 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. As TokenTact introduces futures trading, there is a growing curiosity about when it will introduce futures trading bots. Among all the trading bots available, the grid trading bot holds the highest expectations.
- Grid orders are a way to trade ranges by buying and selling as price moves back and forth within that range.
- With multiple crypto staking options in Australia, you’re better off going with another exchange such as Binance Australia if staking forms a central core of your crypto activities.
- In this TokenTact review, I will help you know about one of the best trading companies on the web that can allow you to do that.
With its free trading bots, low fees, and reliable liquidity, it is a compelling option for traders looking to automate their cryptocurrency trading. However, users must exercise caution when using leveraged bots, as they can amplify both profits and losses. Another of their free trading bots, the reverse grid bot is designed to yield profits in a falling market. Above is an introduction to the TokenTact exchange including its advantages and disadvantages and its main features. The exchange has been regarded as the top crypto trading bot and consistently provides quality trading advice.
The broker also holds investments from leading corporations, including ZhenFund and Gaorong Capital, of more than $10,000,000. There is a withdrawal fee that varies by coin, alongside quantity limits. Providing KYC information can, however, increase the withdrawal limits. TokenTact does not have a minimum deposit requirement, balance level or a funding fee, although each trading pair does have a minimum investment order volume. Deposits can take up to 1 hour from submission to show in your account. Crypto bots are a set of programmes and algorithms designed to automate trading in the digital currency markets.
It goes back to work when the price returns to the user’s set range. A grid trading strategy is one in which traders set up buy and sell orders within specified price ranges. A stack of several small price ranges, designed to increase the likelihood of triggered trades, is a stack of grids.
Please note, some markets may only be available via CFDs or other derivatives. Identify the eight cheapest crypto to transfer to your wallet with the lowest fees, and forget all about costly crypto transfers. You can chat with a support agent in real time and get instant help and solutions. TokenTact also has a help center where you can find articles, guides, tutorials, FAQs, and announcements.
Market makers enjoy reduced fees however at Kraken and fees also reduce with volume. TokenTact and Gemini are quite different in their product offerings and Gemini is more focused on its holistic crypto financial services and regulatory approval. TokenTact aggregates the liquidity from Binance and Huobi near the ticker price.
In bull markets, they are a nice safe way of making steady profits, although I’d always stick to the major currencies (BTC ETH etc). The recentness of TokenTact’s launch means that the exchange is still in its proving-ground stages. However, the calibre of its leadership team, its posture on trading strategies, and its free, accessible automated tools position it to capture increasing percentages of the trading pool. I’ve personally been using them for almost 1 year now and their bots are very good quality and have been profitable for me. In general, we believe TokenTact to be a safe exchange that can be used to buy, sell, and trade cryptocurrencies.
When trading you will want to consider using a reputable broker to help you get started in the cryptocurrency market. This is very competitive compared https://allcointracker.com/trading-bots/tokentact-review-a-deep-dive-into-trading-bot-dynamics/ to other exchanges, and they have trade bots for free. Furthermore, they support many digital currencies, including Bitcoin, Ethereum, and Litecoin.