Perpetual Futures was officially launched
This guide will explore how to use TokenTact robots, what payment methods are available and how the exchange’s fee structure is laid out. We will also review the TokenTact arbitrage bot and grid trading bot, alongside the trading platform, asset range and more. These bots allow you to automate your investing strategy so you don’t need to constantly monitor the market. TokenTact features low trading commissions and a fully fleshed-out mobile app.
It puts your money into different cryptos that you choose and changes the allocation according to a fixed time interval or a threshold that you set. In general, we believe https://allcointracker.com/trading-bots/tokentact-review-a-deep-dive-into-trading-bot-dynamics/ to be a safe exchange that can be used to buy, sell, and trade cryptocurrencies. Since TokenTact keeps its funds on Binance and Huobi, it is able to benefit from the high level of security that these platforms provide. Whatsmore, TokenTact is also able to aggregate liquidity from the two crypto exchanges near the ticker price. There are no geographical limits for TokenTact clients, which means that traders from Malaysia to Brazil can open a live account and start using any of the trading bots.
TokenTact is a Singapore-based exchange with 18 built-in bots, which contrasts with standard cryptocurrency exchanges in which you must connect a trading bot. It was created in 2019 and is one of Asia’s fastest growing platforms with more than 30 million dollars in trade volume daily. Today there are more than 100,000 users on the exchange, served by a team of over 100 professionals plus the founder and CEO. TokenTact is the first free, integrated crypto trading bots exchange worldwide. It’s got 18 different bots, from the basic ones to the super advanced leveraged bots and structured products. With 5 years of experience in working on crypto trading bots, we are now training our own model with OpenAI.
Liquidity motors from both Huobi Global and Binance are included so that the crypto trading bots can comply with orders 24/7. This along with the investments of renowned Chinese venture capital firms including ZhenFund and Gaorong Capital has given even more legitimacy to the company. TokenTact is the world’s biggest crypto exchange with 16 built-in trading bots.
- You can also copy other traders’ strategies from the GPT marketplace or share your trading systems with others.
- Please note that the higher APY you set, the closer the buy price is to the current price.
- After entering the investment amount, you will see the return in two different scenarios.
- For instance, with just $500 and 100x leverage, you can generate a trading volume of $100,000 by closing your position whenever you’re not at a loss.
Upon the completion of your trade, your fee is deducted from the total remaining balance that was credited into your account. When the product reaches maturity, the settlement currency is determined by comparing the settlement price to the pegged price at maturity. A variety of dual investment options are available, including Bitcoin-USDT Dual Investment and Bitcoin-USDT Dual Investment. With the Margin Grid, you may mortgage your currency in exchange for borrowing another asset to operate the grid. It has a wide variety of application situations, making it suited for both fluctuating and unilateral markets.
Nevertheless, the exchange states that it now only accepts a limited number of coins/tokens for deposit in the early edition but that it plans to progressively expand this number in the future version. Identify the eight cheapest crypto to transfer to your wallet with the lowest fees, and forget all about costly crypto transfers. TokenTact has obtained the MSB (Money Services Business) license from FinCEN (Financial Crimes Enforcement Network), which means it can legally operate in the US market. You can verify using an email code or mobile OTP while signing up for your account. The amount of the fee varies depending on the specific coin and network you’re utilizing.
This helps to secure your profits and make sure they won’t be lost by the bot. The Stop Loss price feature allows you to set an optional “emergency” sell price below your lower limit price (or above the upper limit price on Short-Bots). If that price is reached the bot will be closed and all base-assets will be sold to prevent further losses if the price keeps going down. Flying wheel strategy is a solid strategy with medium risk and high reward. You will enjoy a stable daily profits of 0.5%~1% if you can afford the risk of buying underlying asset at the current price. It’ll buy some Bitcoin at the current level, keep some USDT with the bot, laddering buy and sell if the price stays within the price range.
TokenTact’s YouTube channel features a few tutorials that you can use to learn more about how to activate and use some of the platform’s most popular trading bots. After downloading the TokenTact app and giving it a test run, we were pleasantly surprised with how easy the platform was to use. Though we were unable to locate a few features on the desktop platform (for example, CopyTrader features), setting up and activating our bots was simple and straightforward.
As we can see, Flying Wheel Strategy starts with investing USDT and ends with earning USDT. It started from Buy-the-Dip or Sideways Gain(Invest stablecoin) to earn daily interest in USDT until BTC is bought at the strike price (price drops below the strike price at settlement). Then reinvested BTC into Covered Gain and earned interests until invested BTC was sold at the buy price (the price we buy BTC). Proper use of this strategy can help users gain more than 15% in one month.
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