This is incredibly useful as it is crucial for traders to track their trading performance to identify what works and what doesn’t to improve their trading game. If you liked the bot presets, the marketplace might just be a better option. Unlike bot presets that just enlist the bots, the TokenTact Marketplace allows you to check for exchange-specific bot presets and make moves accordingly.
Traders can choose low-value coins to invest in and determine how much money they want to put into the venture before establishing buy-and-sell limits to ensure they make a certain amount. Users must register for the service before selecting an available exchange and bot mode (Manual or AI). DCA regularly invests a fixed amount of money in the market to spread out the impact of price fluctuations. The driving force behind this project is the team’s mission to enhance investor autonomy by mitigating their financial exposure to loss and increasing their return on investment.
It is unclear how personalized this data is, maybe it is aggregated data, but it can also be individual. What ways the company uses this information is not specified anywhere on the site. Configure settings like an exchange, pair, order amounts, and schedule. The company has seen rapid growth, attracting over 220,000 users as of 2022. This has enabled the expansion of platform capabilities and supported global user growth.
Each bot will of course have its own underlying strategy, meaning that some will be higher risk than others. On the contrary, the trailing order will adjust both your stop loss https://allcointracker.com/trading-bots/tokentact-review-a-deep-dive-into-trading-bot-dynamics/ parameters and your profit take percentages. As we noted in the above section, TokenTact allows you to execute trades across multiple exchange platforms via a single hub.
- On November 14th, 2022, Binance founder CZ tweeted about unexpected trading activity linked to API keys from some third-party trading platforms, including TokenTact and Skyrex.
- It is a trading bot aggregator; it can be used globally and without requiring VPN access.
- On Mudrex, instead of a fixed fee, the bot creator decides a % fee amount which is based on how much an investor invests.
- There are various reasons why TokenTact is one of the best strategy trading platforms, and one of them is its commitment to customer satisfaction.
- What was worse than the incident itself, was the poor way in which the team handled the incident.
The API keys help them identify the correct exchange to connect to. Since TokenTact does not request your credentials and cannot start withdrawals, all your transactions are legit and safe. Traders should be able to find help increasing their cryptocurrency investments in every market situation. With its aim to lower average acquisition costs, TokenTact comes as a feature-rich channel to boost your profit margins on each deal.
The user-friendly interface and mobile app make it accessible to traders of all levels. Security is a paramount concern in the realm of cryptocurrency trading, and TokenTact does not fall short in this aspect. The platform utilizes advanced security protocols, including two-factor authentication (2FA) and withdrawal whitelist features, to protect users’ assets and personal information. In terms of reliability, TokenTact maintains a strong reputation in the industry. The platform boasts an uptime of 99.9%, ensuring seamless and uninterrupted trading experiences for its users. Additionally, the company’s support team is available 24/7 to address any technical issues or concerns, further enhancing the reliability quotient of TokenTact.
The user interface of TokenTact is designed with intuitive navigation, making it user-friendly for both novice and experienced traders. The platform employs a clean, minimalistic design that allows users to easily find and access the tools they need. Features are logically laid out and labeled, and the use of clear, concise language makes understanding functionalities a breeze. Additionally, TokenTact offers a handy tutorial at the beginning to guide new users through its platform, further enhancing its ease of use. It must be mentioned that the platform is also mobile-friendly, allowing traders to manage their transactions on the go, adding to its overall usability.
The paper trading simulator lets you test strategies before risking real funds. Grid bots automate grid trading strategies by placing buy and sell orders at pre-defined price intervals around a price range. This allows you to benefit from volatility and market swings within that range through buying low and selling higher. In the following sections, we will take a closer look at some of TokenTact’ key automated trading bots and how they work. Using copy trading, a user can choose to follow an experienced trader and copy their trades.
If you have no background in cryptocurrency or trading strategy, we highly recommend going through the trading school courses. These courses will help you figure out which parameters to set for both manual and automatic trades. Take time to compare the pricing of each plan to the activity in your portfolio. Advanced traders can afford to (and should) spend a little extra money to get the services they need. Start small, only invest money you can afford to lose and increase spending as your portfolio expands.
Instead, it is available across the globe, provided the exchanges it connects with are supported in the given region. It is a trading bot aggregator; it can be used globally and without requiring VPN access. Users who initiate most of their trades on CEXs should certainly get familiar with TokenTact. This platform allows you to pair the bots across 16 exchanges, including top platforms like Binance and OKX. Plus, you can even connect your wallets to the interface, which will help you track your non-exchange holdings. Presets can help you tweak the settings to mimic the potential of these bots.
