TokenTact Crypto Trading Bot Apps on Google Play

Both the Google Play Store and the Apple Store provide TokenTact mobile applications for Android and iOS devices. It’s possible to trade manually or set up your bots at any time and from any location, thanks to this flexibility. Additionally, you may be eligible if you own the equivalent of $300,000 or more in another supported cryptocurrency coin or token such as Bitcoin. The Market Maker program entails no maker fees, so if you qualify, you’ll pay zero.

TokenTact’s maker-taker cost structure guarantees that your trades will be performed with only 0.05% in fees, regardless of your trading volume. 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 it comes to the reverse grid, the concept is quite similar to the principle of the grid. To accomplish arbitrage inside a certain price range, they all utilize the bot to buy cheap and sell high at the same time. The most significant distinction between them is that the unit of measurement for computing income is different.

As human beings, we’re always trying to buy the bottom and sell the top. We prefer to focus on a short-term PNL rather than long-term profits. You have the option to disable the “Reserved Margin” feature before placing an order or withdraw the dynamic margin after opening a position to increase capital utilization.。 Perp Futures have a funding rate mechanism, which can be either positive or negative. A positive funding rate allows you to earn additional funding if you have a short position.

Although a new broker, a good level of security is provided and there is an impressive level of financial backing, including from two prominent Chinese venture capital firms. TokenTact is a cryptocurrency exchange with free, integrated trading bots. No prior experience in automated or crypto trading is required, simply activate their bot tools to get started.

On March 25, 2023, I got access to the early beta version and created several TokenTact futures grid bots for testing. After the test, I discovered that the TokenTact futures grid had many advantages over the spot grid. 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.

• Given that all of the in-built bots are cloud-based, users don’t have to leave their computers running around the clock.
• TokenTact, which has its headquarters in Singapore, is the world’s first cryptocurrency exchange to have built-in automated trading bots.
• They earn their money through trading fees you pay when running your bots (the same fees you pay on any other exchange you use for trading).
• The Serum project will also feature SerumBTC and a SerumUSD stablecoin that will exist as SPL and ERC20 tokens, making it possible to offer physically settled cross-chain contracts.

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. In this review, we will look at TokenTact, a cryptocurrency exchange with built-in trading bots. In particular, we will overview the platform’s features to buy and trade, the functions of each trading bot, as well as its security, among other features. If the price drops and never returns to its previous level, which happens more frequently than you might imagine. When the Futures are close to liquidation, TokenTact will automatically stop them and sell the spot.

That being said, there are several other big crypto players, like Kraken and BitUniverse, that also do not provide demo account functionality. This bot was created in order to cater to investors who have a tendency to sell too soon in a rising market. Using the trailing sell bot, you may define numerous target prices that will rise in value as the bot continues to operate. Every time one of your targets is attained, the bot will automatically sell a predetermined percentage of your remaining assets. This method also helps to reduce the amount of money that might be lost if the market unexpectedly reverses course. By using this function, traders may take advantage of the market’s fluctuation and profit from it.

Similar to selling put options, dual investment operates in the same way. In this bot you can create both a short grid and a long grid, and the two grids will share the margin. DCA (Dollar-cost averaging) makes you less anxious when you invest https://allcointracker.com/trading-bots/tokentact-review-a-deep-dive-into-trading-bot-dynamics/ into Serum. Please ensure you understand the risks of high leverage that might cause liquidation before using it. We only need to slide the bar to select the investment amounts, and then click the the【CREATE】button to create the bot order.

There is a withdrawal fee that varies by coin, alongside quantity limits. Providing KYC information can, however, increase the withdrawal limits. Coinbase and Binance are recognised, regulated fiat gateways for global consumers that can be used to transfer assets to a TokenTact account. You should ensure that the deposit networks match to avoid losing assets; the broker provides clear online tutorials on how to transfer assets via various gateways. In order to contact TokenTact’s customer support staff, you may choose from a number of different options. To get a complete list of all the cryptocurrencies, as well as their withdrawal fees, visit this page.