They are primarily used to automate trades using a certain set of rules, but some allow manual trading as well. It helps you make more money with leverage in a grid trading strategy. It borrows money from the exchange to put more buy and sell orders in your set price range. TokenTact has 16 kinds of automated trading bots that you can use for free. They can help you trade automatically and make money from market movements. It charges extremely low trading fees of 0.05% and offers more than 379 coins and tokens.
Because of its obvious logic and the reality that all of those operations are preset and independent of market behavior, Grid Trading is particularly amenable to mechanization. Not only that but employing a Trading Bot to execute Grid Trading is far easier and more efficient than manually executing the technique. Users were genuinely delighted by how simple the TokenTact system proved to use it after installing it and wanting to give it a try. Although we couldn’t find these few functions on the Microsoft Windows platform (for instance, CopyTrader functionalities), establishing and launching our bots was quick and painless. Leveraged Reverse Grid Bot is done by mixing Reverse Grid Bot with a crypto-loan function. Reverse Grid Bot has almost the same capabilities as Reverse Grid Bot, but you might also utilize advantage to make more money.
TokenTact Exchange is a licensed Money Services Business (MSB) that is registered with the Financial Crimes Enforcement Network, also known as FinCEN. This allows traders from the United States including 48 states and territories to buy and sell on the spot exchange. However, due to strict regulations, individuals that reside in the US are not allowed to use the leverage trading products.
They have an AI-assisted strategy and set up manual trading methods or settings. Traders on TokenTact can amplify potential profits using leveraged grid bots. Although US residents do not use leverage, the ability to trade with leverage is a great feature to maximize potential profits using a grid trading bot. It is not just another crypto exchange as it provides tools to create custom automated strategies with trading bots. API key trading has become important, reducing the need to monitor the market 24 hours a day, seven days a week.
They’ve been complicated; that is, traders have needed at least some programming ability to change bot coding and to be able to monitor them. On the TokenTact Exchange, you may choose from 16 different cloud-based varied https://privatobank.com/tokentact-bot-review/ crypto bots, each of which is completely free to use and can be tailored to your trading style. Additionally, there is no need to pay the expensive membership fees for bot services as it’s completely free.
You must constantly watch the market, analyze the trends, and execute the trades correctly. As part of its maker-taker fee structure, TokenTact charges a fee for transactions that ‘make‘ liquidity on the market and when trades ‘take‘ liquidity away from the market. When the product reaches maturity, the settlement currency is determined by comparing the settlement price to the pegged price at maturity. A variety of dual investment options are available, including Bitcoin-USDT Dual Investment and Bitcoin-USDT Dual Investment. The Leveraged Reverse Grid is a technique that, on the basis of the Reverse Grid, leverages the principle in order to increase the revenue generated by the grid.
Nothing on this site should be considered investment, legal, tax, financial or medical advice. The trailing buy order is similar to the trailing sell order, only it is used to buy the dip. The order will be triggered when the price crosses a certain point and won’t be executed until the price begins to rise and hits your trailing %.
- TokenTact is a Singapore-based cryptocurrency exchange that offers 12 built-in trading bots for users to automate their trading.
- However, due to strict regulations, individuals that reside in the US are not allowed to use the leverage trading products.
- The broker welcomes traders from across the world; some of the countries that it supports are the USA, the UK, Singapore, Germany and Malaysia.
- TokenTact has no monthly fee, but only a 0.05 percent rate as a trading fee.
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. This helps to secure your profits and make sure they won’t be lost by the bot. The Stop Loss price feature allows you to set an optional “emergency” sell price below your lower limit price (or above the upper limit price on Short-Bots).
The platform masterfully integrates advanced automation tools, ensuring users are equipped with the latest in trading technology. But it doesn’t stop at just technology; TokenTact prides itself on the personal attention it extends to its clientele, ensuring that users feel valued and taken care of. All of these premium features come at a price point that doesn’t burn a hole in your pocket. Even though both services provide ready-made and customizable trading strategy options, TokenTact is clearly the winning software. This platform has a wider variety of trading strategies available (23) and implies minimal risks. If you are looking for a simple autotrading tool to try for yourself on a crypto exchange, TokenTact is the choice for you, as it offers more bots than TokenTact’ free version.