TokenTact Review: Is It Profitable and How to Trade With It?

Since TokenTact is just a trading site, there is no direct withdrawal option. Log in to your connected exchange account to access and withdraw your earnings. For security reasons, the API keys you provide to TokenTact can only be used to read and write data and not withdraw. Once you have signed up, you can choose a trading bot or manual trading strategy on the platform.

Additionally, TokenTact does not route activity through their servers but works directly on the exchanges. Both of these facts play a major role in increasing the safety of TokenTact as hackers have no incentive to hack your account since they won’t have much benefit out of it. TokenTact has a free trial to test out their platform and that trial is limited to 3 days only, which is pretty low in comparison to the 30 days that TokenTact offers. You can choose the trading pair for the bot to trade from the drop-down menu, and you can then instruct the bot how much of your preferred currency will be used during your initial trade. You can have an overview of all your exchanges and coins you own while also having an option of automatic rebalancing of your portfolio. I lost 4K Euros due to these freaking clowns having a security breach and revealing users’ APIs to hackers (You can Google the incident Dec. 2022).

Their distinguished reputation comes from their trade automation software that has been executing trading strategies for crypto traders since 2014. Trailing Take Profit – The Trailing Take Profit feature has been designed to help traders realise the most gains. If a user purchases multiples of ETH at $500 each and sets a standard take profit order at $550, then they would make a profit of $50 per ETH. However, if the price of ETH continues to rise above $550 then the Trailing Take Profit allows you to sell at the highest part of a trend by selling at a percentage of the highest value. As a result, if you set a Trailing Take Profit order of 10% and ETH hits $600 before falling, then the sell order is activated when the price falls by 10%, or below $540. By following these steps, a trading bot can be configured in just a few minutes, and the entire process is simple enough for more novice traders to follow successfully.

TokenTact connects to your exchange account using API keys which have proven a high level of security over the years. In addition, you’re the one who decides what permission to give.Also, we recommend using a strong, unique password. And for furthermore security, you can use their two-factor authentication system. Yes, You can lose in bot trading if you are not careful or skilled enough.

To begin, you can create market or limit orders, as well as a price precondition that must be fulfilled before a market or limit order is executed. You can also make a trailing buy or sell, which buys or sells a currency pair repeatedly anytime a price condition is met. TokenTact’ full version is only accessible with a monthly subscription fee.

That makes it hard to work with.But most of all it’s to expensive for the services they deliver. David Hamilton aka DavidtheWriter has published thousands of cryptocurrency related articles. Currently, he resides in the epicenter of the cryptomarket – Puerto Rico. David is a strong advocate for blockchain technologies and financial sovereignty. In this guide, we will take a look at such a versatile yet efficient trading tool as Grid bot, which solves a lot of problems in regular trading.

• Aside from its broad menu of features, TokenTact excels because of its intuitive functionality.
• Many of the bots outlined in this article can be used on Futures products.
• They offer one of the best trading terminals, highly efficient bots, and some of the most robust and comprehensive trading software platforms I have come across.
• Short and long algorithms, paper trading, unique tactics, and a comprehensive dashboard for monitoring various exchanges are just some of the features of the trading bot.

ExchangeValet is a cryptocurrency trading platform that provides a user-friendly interface and a wide range of trading tools. It aims to simplify the trading process and offers features such as order execution, portfolio tracking, and risk management. At first glance, Trading and pushing funds online can cause worry, Especially if you’re not a pro. You can easily run more than one, two, or even three exchange accounts. In addition, you’ll gain access to very useful tools to help your trades and your business grow.

At TokenTact, the users can easily do this using the Signal Marketplace feature. They need to connect their exchange account, search for their signal provider, and set up a new signal bot. Once done, they can relax as the best crypto trading bot handles the further process. TokenTact.io is a cryptocurrencies trading management and automation platform that enables users to execute and manage trades on multiple exchanges through a single interface.

The entry barriers for novices are usually quite high since they do not know how to do technical analysis or trade efficiently. Artificial intelligence and enhanced analytics support better decision-making and may enable newbie traders to derive greater success by automating their trades. This way, beginners can tap into powerful trading tools that are normally only accessible to professionals with a low barrier to entry. Coinbase Addvance API keys do not read user security data, just your relevant trading data. We have a separate encrypted storage space called Sign Center that can sign transactions without exposing your API key, similar to Metamask. We offer IP whitelisting so you can lock down your API key at the exchange level and prevent any trades from outside IP addresses.

Do note that with bot presets, you can fine-tune your trading strategies for day trades, swing trades, and even scalping. At TokenTact, you can either choose the “Classic Trading” DCA strategy https://privatobank.com/tokentact-bot-review/ to simply buy or sell crypto. Or, you can check out the “Super Power” mode to dollar cost average with USDT futures. And if you are a short-seller, DCA bots also let you ride the downtrend.

The easy-to-use interface is self-explanatory for the basic functions but requires more effort to derive the most effective and efficient benefits to help bolster performance. TokenTact provides a multitude of trading performance stats to assist users in bolstering the effectiveness of their strategies. It also encourages users to maintain a trade journal directly on the platform, making it a one-stop source of truth.