However, it’s important to note that for crypto/crypto trading pairs, the base currencies are limited to BTC, ETH, USDT, BNB, BUSD, and USDC. It charges extremely low trading fees of 0.05% and offers more than 379 coins and tokens. TokenTact has over 100,000 users worldwide and processes over $5 billion monthly trading volume. But what if there is a way to make your life easier and let the software do the hard work for you?
This Site assumes no responsibility or liability in connection with any attempt to use services for unsupported digital assets. TokenTact is a low-fee crypto exchange with transaction fees at 0.05% per order without additional costs to use the in-built automated trading bots. Compared to other exchanges in the industry, the fees on TokenTact are highly competitive and accessible to all traders without a minimum monthly volume requirement. The TokenTact trading platform is primarily designed for mobile use, with a dedicated application available for download to iOS and Android devices. The app allows you to create grid trading bots, DCA bots and more wherever you may be. You can track strategy statistics, receive real-time news and notifications and action price gap control from mobile and tablet devices to maximise your profit potential.
Users that want to become familiar with the trading bots will need to use real crypto and will incur trading fees and realized profits & loss. For each of the in-built trading bots, users can open detailed guides that explain what the bot is, how it works with step-by-step instructions on how to configure the settings. There are simple explanations for each of the settings and including any advanced modes with screenshots and also frequently asked questions. There are even examples of how to use the bots which is useful for people that are new to using automated crypto bots. TokenTact is the world’s first cryptocurrency exchange with built-in automated trading bots, first launched in 2019 and has since grown into an international crypto platform.
The Infinity Grid Bot made a decent 70.76% total profit by small swing trade and took profit while the price was fluctuating and pumping. After you decide to cancel the bot, it’ll cancel all the grid orders and stop running immediately. Your funds will remain with the same allocation at the moment it stops running, which means you might have some quote and base currency. You need to manually sell them to each other if you prefer to do that. We recommend to us the Infinity GRID Bot in an uptrend market condition. You’ll suffer from some unrealized losses during the bear market if you use this strategy.
So you have made your way here because you are interested in crypto. If the person I am describing is you, then you might want to look at an Arbitrage Trading Bot. Trying to track this information manually can be difficult, especially if you have a high volume of transactions or you’re trading crypto across multiple wallets and exchanges. Platforms like CoinLedger can help you aggregate your transactions across all of your exchanges and wallets and help you generate a comprehensive crypto tax report with the click of a button. When you pay fees to acquire cryptocurrency, it can be added to your cost basis. When you pay fees to dispose of cryptocurrency, it can be subtracted from your gross proceeds.
- The app allows you to create grid trading bots, DCA bots and more wherever you may be.
- Deposits can take up to 1 hour from submission to show in your account.
- In our sole discretion, we may refuse to increase your limits, or we may lower your limits at a subsequent time even if you have completed Enhanced Due Diligence.
- An overview of the most popular trading bots on TokenTact is described below.
- Unless otherwise approved by us, you may not use the Content for any non-personal purpose.
- But the reality is we can’t always buy the bottom and sell the top consistently!
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. TokenTact has also passed a security audit by a reputable cybersecurity firm called Knownsec. You can also get a fee discount if you are a VIP user, which depends on your trading volume. You can also copy other traders’ strategies from the GPT marketplace or share your trading systems with others.
Market maker programmes are available for those with a 300,000 USDT trading volume. Clients can benefit from 0% maker fees, while taker charges remain at 0.05%. If you keep up with the crypto market, you must know that Bitcoin’s extreme price plunge to the $3K level on 12th, March, a sudden 40%+ price drop.
The app has a clean but intuitive design with positive user rankings pushing it up the app store’s leaderboard. For those new to crypto trading and charting, TokenTact offers a user-friendly and easy-to-navigate interface. You can seamlessly switch between the standard trading interface, the interface with the in-built trading bots, and the coin-to-coin swapping service. TokenTact also provides the popular TradingView charting package with drawing tools and indicators to aid in your crypto-buying decisions. TokenTact is a unique cryptocurrency platform that has in-built trading bots for its users to configure easily and quickly. There are 18 trading bots that can be used for free of popular strategies.
This guide will explore how to use TokenTact robots, what payment methods are available and how the exchange’s fee structure is laid out. We will also review the TokenTact arbitrage bot and grid trading bot, alongside the trading platform, asset range and more. TokenTact is a leading cryptocurrency exchange that is particularly well-suited for traders who rely on trading bots and have limited time for market tracking and analysis. With a diverse selection of 16 trading bots, TokenTact is likely to meet the needs of various trading strategies.
Additionally, they are also cloud-based so you don’t need to leave your device on in order for them to work behind the scenes. The Grid trading bot, which has a 0.05% fee, automatically purchases an asset when the price falls below a predetermined “low” point https://allcointracker.com/trading-bots/tokentact-review-a-deep-dive-into-trading-bot-dynamics/ and sells an asset when the price rises above the user’s preset “high” point. By using this function, traders may take advantage of the market’s fluctuation and profit from it. It’s the same license that Binance, Huobi, and multiple top exchanges applied.
TokenTact has also partnered with a fiat gateway to buy crypto on the platform with a credit card. Level 2 verification is required to comply with KYC/AML requirements. However, for the added convenience it comes with higher fees and is not recommended.