What is TradeSanta?
TradeSanta is a cloud-based platform. It helps crypto-traders and investors to make their trading automatic on crypto exchanges. Given it is based in-built algorithm on the cloud, it is open for trading on a 24/7 basis. This enables the traders to be available for any, and every kind of favorable crypto deal as this bot is 24 hours vigilant all week long.
How does it work?
It is like your personal digital assistant. Although it does all the work for you, nevertheless it does requires your well-researched, well-strategized, and well-thought commands to execute them on a 24/7 basis. It follows your decisions and does not make them in your place.
- This highly useful trading bot take surprisingly less time for setting up. It just takes ten short minutes to get going. In addition, the company offers tutorials for added assistance when needed.
- Next, you just need to set your trading priorities, and goal in place and the bot will do the remaining for you, as per you. Given it is a bot which is working for you, it can perform endless crypto trading.
What is the fee for using TradeSanta?
At the moment, TradeSanta does not charge any money for its services. Currently, the aim of the company seems to be growing its community and to learn with the user experience and to make further improvements as needed.
What are the features that TradeSanta Offers?
There are several features that one can enjoy using this bot. Some of them are-
- Due to the presence of API, this bot works well with almost all the major crypto exchanges that include Binance, Bittrex, Bitfinex, KuCoin, HitBTC, and others.
- The smart bot works for you and assists you in trading, but still, it is prohibited from withdrawing funds from your account. Due to its relative newness, it would still, need some time to prove its 100 percent transparency.
- With this bot, the users can automate long trading strategies as well as the short ones.
- The algorithm of TradeSanta fine-tunes the orders in such a way that takes gains is ensured.
- Not only this, but the algorithm also smart enough to close and open the trades at the precise time when it is needed.
- The interface of this bot is very practical too. It shows the most effective and successful pairs of the past 24 hours in the review first. This review is flexible. One can view details of the past six hours, and twelve hours too.
- You can also view the active deals, bot performance, Bitcoin balance, and similar details in a glimpse.
- With the ‘LIVE-Chat’ service called the ‘Santa Helper’ in addition to Telegram, the users can discuss doubts, concerns, and trading strategies.
Still needs to prove its worth when it comes to security-
Lately, there have been so many cases of malicious trading applications and shady APIs of stealing users’ money and sensitive information; that now trusting another API and giving charge of your hard earned money to some bot- becomes a question of concern. Now, since TradeSanta is new, it would take some time to build trust in the hearts of users.
TradeSanta, as we pointed earlier, is like your digital assistant. It takes commands. Commands are given well by the one who knows what he/ she is doing. So, as a trader, it becomes highly important to know your trading strategy before you ask a bot or any person to execute them for you. In a way, this bot will prove to be highly useful to those traders who are very active and are clear about their game plan. For those who are still learning about trading, should first gain confidence and clarity before riding this effective tool. Like any tool, this bot’s success depends on how successfully the user uses it.