TokenTact Fees & Limits Explained 2024 Guide

Crypto trading can be very volatile even at the best of times, so it is important that you don’t get your hopes too high when using any automated crypto trading solution such as TokenTact. Anything can happen in trading and past results are not an indication of future performance. There are various ways in which you can reach out to the TokenTact support team with any questions you may have related to the crypto products and services that they offer. You can reach them via email, live chat and via a community where users share their ideas and experiences.

Traders can take advantage of a rising market with a trailing stop loss. Steve has been writing for the financial markets for the past 7 years and during that time has developed a growing passion for cryptocurrencies. The TokenTact apps have an outstanding design, and traders will find them to be both simple and intuitive. They are also highly rated by users, with the iOS version on the Apple Store rated 4.8 stars out of 5, while the Android version available on the Google Play Store is rated 4.5 out of 5 stars. If you want to increase your deposit and withdrawal limits later you can complete the KYC process, but it isn’t necessary. TokenTact accepts deposits in BTC, USDT, ETH, and 36 other cryptocurrencies.

• You can choose from different bots like grid trading, DCA, rebalancing, arbitrage, etc.
• The superior earning capability of the robot has been highlighted, along with the fact that it has been recognized by reputable third parties.
• It has also been granted a Money Services Business (MSB) license by the Financial Crimes Enforcement Network (FinCEN) and has gone over 900 days since its inception without any security breaches.
• The company has a partnership with many popular crypto services including Circle, Binance, Banxa, Coinfirm, Simplex, and Sumsub.
• As per the vendor, the service partners with crypto brands such as circle, Binance, Simplex, Sumsub, Banxa, and coinfirm.
• When trading on margin,
  investors first deposit cash that then serves as collateral for the loan, and then pay ongoing interest payments on the money they borrow.

This automated bot works in a similar way to grid trading, however, allowing the trader to apply leverage to a position. Leverage is a double-edged sword that can increase profits as well as potential losses. Even if you are a beginner and have no experience using trading bots, TokenTact has you covered. Their AI 2.0 Grid Trading bot is the best option for newbies, as the operation is simple, there’s an APR of 153.4%, and you can start making money without setting complex parameters.

It is a more sophisticated profit release strategy that is similar to grid bot. Since you are not holding the assets and buying and selling them simultaneously; hence there is a negligible chance of loss. Arbitrage bot provides you with a consistent return, and it can vary anywhere between 15% to 50% APR. If you use a 3x leverage, the bot will buy bitcoins worth 750 USDT in the spot market and open a short position worth 250 USDT in the futures market. Well, you should get firsthand experience by signing up with it if you have trading experience and knowledge. When you have the required experience to become an online trader with knowledge about different markets, you stand as a suitable candidate to become a successful trader.

One can use a credit or debit card and Plus500 accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your Plus500 account using a personal PayPal account. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your Plus500 account. GBP, USD, EURO are supported by Plus500 as account base currencies.

Now, moving ahead to the juicy details of TokenTact, which should compel you to try this automated trading exchange. They also exploit bank-grade custody solutions to regulate the permissions to servers, middleware, and databases across all functional departments. With monitored balances and trends, TokenTact keeps 98% of crypto assets on a highly secure cold storage with controlled access.

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. https://privatobank.com/tokentact-bot-review/ 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.

A crypto futures exchange is a specialised platform for trading cryptocurrency futures contracts. These contracts are financial derivatives that allow traders to… TokenTact combines the liquidity from Binance and Huobi, allowing you to trade with the combined demand of these two major exchanges. As a result, trading on TokenTact is comparable to trading on Binance but with the added advantage of access to a trading bot with multiple settings. TokenTact does not charge fees for depositing or withdrawing cryptocurrencies to and from its wallet. However, a standard network fee may apply during withdrawals, depending on the transferred asset, network congestion, and transaction complexity.

This type of order prevents your from selling too early if the price is rising. You create the order by setting a Trigger price, trailing % and a sell quantity. For example if you open the position with $1000 in ETH, when ETH goes up say $10, the bot will sell some ETH so that you now still have $1000 in ETH but also $10 USDT. If the price falls to $990 the bot would convert your USDT back into ETH – always maintaining the target ETH holdings and hopefully stacking USDT along the way. The martingale strategy is a casino strategy in which you’ll “win if you have enough funds”. Basically the idea is that if you lose you double down each consecutive bet.