For instance, an offer to close the trade will be issued at the stated price if the price crosses or rises over the defined threshold. The TokenTact customer care services are available 24/7 and use English and Russian to help their users address their concerns. They have their live chat, social media accounts, and FAQs to answer common questions.

TokenTact review

A grid bot divides a price range into smaller “grids of buy and sell orders” and then automates the process of taking profit that comes from market volatility. In this comparison review, we will be evaluating the two biggest https://privatobank.com/tokentact-bot-review/ players in this rapidly emerging market; Shrimpy vs TokenTact.These two services operate under completely different philosophies. Yet, they have both managed to attract the attention of many of the same crypto traders.

The institutional investor with low latency equipment and faster connections will have an edge. But on the retail side of the market, TokenTact has no significant disadvantages against other competitors. Now, if the price starts dropping and that sell order remains at the place will be executed if the Bitcoin price falls below $9,500. Trailing Stop Losses a more sophisticated version of the previous strategy as the name suggests, in this strategy, the order trail price at a particular price(or percentage) distance. All of the customization for the different strategies can be done using sliders and marked indicators.

Different exchanges will have more of less accessible functions on the TokenTact platform. It’s also one of the first platforms to offer automated trading bots with configurable trade execution and management instructions. This also opens up the marketplace for custom programmed bots and options to select different levels of sophistication in terms of strategies and management. If you’re involved in the cryptocurrency space you know a good management and automation platform can be important.

  • 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.
  • Also based in Estonia, TokenTact is another crypto-bot platform with features and functionality similar to TokenTact.
  • There are TokenTact robots for various market conditions with trading strategies that cater to different trading styles.
  • TokenTact offers expert-level features, beginner-friendly tools, and flexible setup options.

This way, you wouldn’t need to visit the exchange to place trades. Its security measures are sufficient for safe trading, but all users still need to stay vigilant against attacks such as phishing. It is highly recommended to maintain high standards of security hygiene across all platforms linked to TokenTact. Additionally, TokenTact users have access to an informative blog section with articles on important features, updates and industry news.

If you want to see a quick rundown of the similarities and differences between the two platforms, just skip down to the next section. If you’re waiting for a perfect moment to automate your trading, 2023 might be the moment. The global macro is on fire, and so do all the markets, including crypto. Binance trading bot fits just perfectly, as Binance is the largest exchange with the highest possible liquidity. Quite a popular yet controversial platform with the average Trustpilot score of 3.8 stars  — despite a number of good reviews, some users are quite skeptical. The overall opinion is positive as users mention powerful tools and a smooth customer experience.

It provides a comprehensive suite of tools, including automated trading bots and portfolio management capabilities. Grid bots are a type of automated trading bots that help users in taking profits automatically. They must select a coin and investment amount and leave the rest to the grid bots.

We will also go through its main characteristics and how it is possible to use this platform to improve our trading skills and have a better performance in the market. Compared to the static Stop-Loss method, this strategy is more adaptable, responsive, and smart, allowing for safer trade size against unexpected price swings. While the stop-loss method is tried and true, the Trailing Stop-Loss strategy takes things to the next level. A trailing profit and stop loss move is a stop loss order triggered whenever the current price drops below a certain level or a certain percentage of the previous price. This method acts as a hedge, protecting investors from unexpected market moves.

A function called “Smart Trading” lets users purchase and sell cryptocurrencies on various exchanges simultaneously. TokenTact has revolutionized the crypto trading happenings by integrating the progressive Smart Trade function into TradingView. Users have access to features like the smart trading terminal for proper control of the orders and ensuring maximum returns. Further, the ability to track all accounts from a single place is another perk for users.

This is because the TokenTact automated trading bot removes FUD and FOMO out of the equation, two major factors in many traders’ downfalls. To continue this TokenTact review, let’s go over its main features and explain in detail what are TokenTact bots. This innovative software has many features and functionalities that can greatly improve the overall crypto trading experience, all easily accessible from one intuitive platform. While there are many cryptocurrency exchange aggregator services that enable trading multiple exchanges through a single platform, TokenTact has a unique edge.

You can choose from Binance, OKX, or other exchange-specific bots. Or, you can go for bots that are the most popular, meant for long trades, aligned with stablecoins, and more. Since its launch, TokenTact has not reported a significant security incident. It has taken the necessary measures to ensure the security of its systems and users’ accounts, including using Cloudflare as a security provider. It also provides essential safety tools such as 2FA to its users to help secure their accounts. If you do opt for a paid-for plan, then you can either pay by PayPal or cryptocurrency.

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