TradeSanta promises fast execution and maximum returns with its powerful terminal, signals, and bots. For crypto traders who want an easy, quick, and accurate operation with profitable results, the platform offers bots that work efficiently. It is a cloud-based application that automates crypto trading and makes it easy to access. It allows you to create and use bots on the various exchanges it supports. The bots use effective strategies that ensure high returns. As per the vendor, this is a comprehensive platform that offers bots, terminal window, mobile app, marketplace, and signals.
How does this crypto bot work?
You can create a bot or copy the existing bots that are performing well. After setting up, the bot opens a deal using signals generated by technical indicators and filters. It uses TP and many extra orders to compensate for the reversal in the set price. With each use of an extra order, the TP is reduced. The additional orders help to benefit from the volatility of the market and also customize the approach.
Getting started with TradeSanta
Here are the steps needed to start with this platform:
- Begin by registering with the service
- Login with your credentials and use the Wizard to set up your bot and link it to your exchange
- Configure the bot parameters like trading pair, strategy, TP, etc.
- The Wizard helps you through the entire process. Bot templates are present that smoothen the process efficiently
Company information
As per the vendor info, the company was founded first in 2018. It has expanded its reach in 2020 enabling traders of all levels to use the service. There is no info on the founders, team members, their expertise, and other related details.
Features of TradeSanta
Some of the key features that the vendor focuses on for this service are:
Comprehensive trading
You can find bots that can take long and short positions. It is easy to work on all market conditions with such bots.
Diversified operation
Bot customization includes the creation of a system that is effective on the spot and futures markets. You can use the bots and make use of leverage trading effectively
Risk management
The components like SL, Trailing SL, stop signals, and more can be used from TradingView to reduce the risks and safeguard your capital.
Demo account
You can test your trading concepts with the demo accounts. The feature prevents you from risking your funds with real trading.
Enhance your returns
Close deals accurately using the TP or trailing TP targets. The settings help in maximizing your gains
Strategies of TradeSanta
Two approaches are used by the software, namely the grid and the DCA (Dollar Cost Averaging) methods. While the former is ideal for high frequency and fluctuations of price, the latter helps in saving money and minimizing the risk by reducing the investment amount.
Pricing, fees, and commissions
A Basic ($25/month) package offers a maximum of 49 bots, an infinite number of trading pairs, all strategies, and Telegram notifications. The Advanced ($45/month) package includes all features of the basic package and additional components like a maximum of 99 bots, trialing TP, TradingView signals. A Maximum package ($70/month) offers a limitless number of bots, pairs, and approaches. The company accepts payments in crypto and fiat money.
Deposit requirements
This is a software application for automated trading and does not store crypto assets. Hence there are no deposit requirements.
What exchanges does TradeSanta support?
The chief exchanges supported by the service are
- Coinbase Pro
- HitBTC
- Huobi
- Binance Futures
- Binance
- Okex
- Upbit
- Binance US
What languages does TradeSanta support in their product?
English, Korean, Russian, Brazilian, Turkish, Japanese, Chinese, and Spanish are the languages the product supports.
Can you really make money with this bot?
The vendor provides monthly performance reports for the bots on the official site. While they are not verified, the results show steady profits.
Advantages of TradeSanta
- Customizable bots
Offers templates and tutorials for easy bot making and customization.
- Multiple strategies
Different approaches help in meeting all market conditions effectively.
- Risk management
Efficient settings like SL, TP, trailing SL and TP, and others help in managing risk.
- Security
Two-factor authentication and API key with trading only permission provide good security.
Disadvantages of TradeSanta
- Limited exchanges
Does not support many exchanges.
- Short free trial period
The free trial is just for three days.
Customer support
For support, the vendor provides an email address. Telegram group, and a live chat feature.
Who is the TradeSanta suitable for?
With easy-to-use interface and settings, the platform is ideal for beginners and seasoned traders.
TradeSanta summary: is it worth going for it?
TradeSantadelivers a comprehensive range of features designed to meet all the needs of crypto users. For crypto users and stakeholders looking for gainful prospects, this platform offers a one-stop solution. The tools and components of the automated platform provide users ample opportunity to boost their investment without much hassle.
