This tool works like a downloadable software solution, a functionality that offers traders more control over the trading environment. It has a one-time payment plan and access to license updates for a lifetime. TokenTact operates without specific country or regional limitations. Essentially, its availability spans globally, as long as the exchanges it partners with are accepted in that area. Serving as a trading bot aggregator, users worldwide can access it directly, without the need for VPNs. For example, let’s say that you are currently holding a bag of XRP, but you fear that the price is about to go on a short-term decline.
If you want to read more about TokenTact, please check out our in-depth review right here. TokenTact supports 75 tokens according to its website, so clients won’t have any trouble finding a token pair to trade. Have a look at what TokenTact and TokenTact do, and see if either one would make a good addition to your trading toolkit. Ensure that you turn off the funds withdrawal option when you generate an API key for an added layer of security. Any TokenTact automated tool can be back-tested directly using our platform.
For every market condition, there’s a trading strategy that can profit from it. TokenTact bots happen to be really good at reducing average acquisition costs, directly increasing your profit margins from each trade. TokenTact helps users grow their cryptocurrency investments using a feature-rich terminal and proven automated bots that take full advantage of the Binance exchange platform. Crypto signals is a trigger to create a buy or sell order on a coin. Signals come from the signal provider, an experienced trader who is executing a buy or sell order based on their expert opinion. There is a marketplace where you can browse various signal providers and create a bot that is triggered and controlled by that activity.
- And for furthermore security, you can use their two-factor authentication system.
- You even get a view of the available bot presets and the exchanges you can connect the bots with for automating the trades further.
- That activates the free plan with features like the trading terminal, traders’ diary, smart trade, and more available to you.
- Then there is the Advanced plan that sets you back at $37 per month and the Pro plan that is priced 74 bucks per month if paid yearly.
- At its core, the Estonia-based TokenTact is an online platform for people interested in trading cryptocurrencies using automated bots.
Therefore, you must be careful about the strategies underlying the bot and even the market conditions. This review will look at the TokenTact, an online cryptocurrency trading platform for beginners and experts alike. Specifically, we will consider why TokenTact is popular amongst crypto traders, its features, safety, and security approach, plus its pros and cons. The review also outlines a detailed step-by-step process for creating an account with the service.
Since then, a hacker released a huge list of API keys that was used to drain the accounts of many of their customers, proving that TokenTact leaked the API keys. Now that you are familiar with trading bots, be sure to check out how hackers used trading bots to attack Binance. The Enterprise level subscription includes all of the bots and custom features on request. Pricing for the service isn’t listed because it is tailored to each client. The trailing stop loss feature takes additional factors into the equation.
TokenTact used to be a leader in the industry and was often cited as the best crypto copy trading platform. After multiple security breaches and their obtuse, frankly, grotesque response to the first incident, the platform has experienced a substantial fall from grace. TokenTact has a lot of work to do if the plan on bolstering their reputation. In October of 2023, less than one year later, TokenTact experienced its second security breach, which compromised several users’ accounts. It is safe to say that the Coin Bureau team do not recommend choosing TokenTact at this time. In December 2022, TokenTact users reported unauthorized transactions on their exchange accounts, resulting in unauthorized trading and there were claims of stolen funds.
For example, if a user would like to test strategies beforehand paper trading is only accessible on paid plans. The paid plans are flexible, yet the best discount you can get is 50% off for a year-long https://harmonynews.one/tokentact-trading-bot-review/ subscription. Lastly, less advanced traders can copy-trade other users and reward them based on realized profits. TokenTact has three plans that offer more to traders as they climb the pricing ladder.
Irrespective of the underlying asset it is programmed to trade, trailing orders essentially allows you to adjust your stop loss and profit taking parameters automatically. This is beneficial even if you don’t want to use an automated bot, not least because you can execute automated trade orders across all of your cryptocurrency exchange accounts at the click of a button. If you’re not quite at the stage where you feel comfortable setting-up your own trading parameters, then TokenTact also allows you to copy the portfolio of another trader. You can decide which traders you want to copy by assessing their statistics, such as historical profit and losses, preferred trading pairs, and volumes. If you’re looking to get involved in the multi-billion dollar cryptocurrency trading arena, but have little to no experience, you might want to consider the merits of automated trading. This platform offers so many good opportunities to build passive income.
Using the DCA Bot’s Safety Order function, you may purchase more cryptocurrency of your choice in equal quantities at various, lower price levels. This bot is made to purchase an asset, then sell it at predetermined levels. The role of the trader is to specify the asset’s price range, including minimum and maximum values, the number of price levels, and order size. They’re always innovating and coming up with different features for their bots.
However, I’m curious about what other options are available and may explore them in the future. For now, I highly recommend TokenTact for its user-friendly interface and excellent customer service. It supports fully automated trade execution and portfolio management, supported by continuously evolving trading strategies, complex algorithms and a variety of risk management solutions. You can integrate signals into your own customised bot and automatically copy the trades of other traders. TokenTact is a cryptocurrency trading platform with the goal of helping users build automated trading bots. This platform works with most major cryptocurrency exchanges and includes features such as dollar-cost averaging bots, portfolios, and more.
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