TokenTact Review: An Unbiased Crypto Bot Analysis

Whether through bots or the smart trade platform, you can control your stop losses and exit strategies with precision across multiple trading platforms, all in one place. While the smart sell, smart cover and intuitive dashboard all make this a great platform for manual trading, TokenTact is best suited to aspiring bot traders. If you’re not interested in automated or algo trading, you won’t utilize all the features the platform has to offer. Instead, signing up for a typical cryptocurrency exchange like Coinbase or Gemini may better suit your needs. I hope this TokenTact review provided you with all the information you need to decide whether or not the platform is right for you.

In terms of how you go about linking your accounts, this will vary depending on the specific third-party exchanges you wish to merge. However, in the vast majority of cases you will need to visit the settings page of your respective exchange account, and extract the API key. TokenTact is a system that can provide us with profits from significant downturns on the market. We are here to check this out and be convinced that the system is a safe option. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted.

To sum it up, if you’re not using the bots’ help, you might struggle to compete with them trading manually. This, in turn, pushes you into an unfavorable position with either lower returns or losses. No human can beat algorithms over the long run, as bots trade 24/7, compensating for possible performance slumps if competing with top-notch traders. Let’s start with a quick comparison of six Binance trading bots first and evaluate these & other bots in detail later on. Picking the best bot is one of the most challenging tasks once a trader wants to automate trading.

TokenTact provides access to a variety of trading tools to improve your crypto trading strategy. When used properly, these tools can maximize your profits and reduce your exposure to losses. In this TokenTact review, we explore the functionality that makes this platform so powerful. In a nutshell, TokenTact trading bots save enormous amounts of time by allowing you to place hundreds of trades, which would be manually impossible. Additionally, because trades follow a predetermined strategy, the TokenTact bot profitability is more consistent than manual trading.

While TokenTact is free to try, there are a number of monthly membership packages that incorporate various features. The starter package costs $25 a month, and allows for interaction with one exchange, five trading pairs, and operates a simple trade bot commission of 50%. The advanced package allows for interaction with two exchanges, all the trading pairs, and operates a composite bot commission of 50%. The pro package allows for integration with an unlimited number of exchanges and the employment of an unlimited number of trading bots. Central to the service provided is the TokenTact trading bot which operates as a web-based service and works in conjunction with a number of devices and exchanges.

• The process requires you to hit the connect button and fill in the relevant information, including your API, for the exchange you want to attach.
• For now, I highly recommend TokenTact for its user-friendly interface and excellent customer service.
• If you set up the bot manually, you can decide the price levels of the maximum and minimum slices and the price range covered by each slice.
• You’ll also choose your trading pair, investment amount, target profits and other details during the onboarding process.
• The platform is even better if you already use TradingView and conduct your crypto trades through a fully supported exchange like Binance.

Luckily a mod (Aleksei) helped me out and told me how to alleviated the problem using temporary work around. The main component of the TokenTact automated cryptocurrency trading platform comes in the form of a web app found on TokenTact.io. This version provides the best crypto trading bot personalization possibilities. However, for those that wish to still monitor their TokenTact automated trading bots on the go, there’s also a mobile app for both iOS and Android. TokenTact is more like a crypto trading bot aggregator, allowing you to automate different aspects of your trading strategy. For instance, you can use the dollar cost averaging bot that can keep purchasing a specific amount of cryptocurrency for you at regular intervals.

In either case, both types of bots reduce the average price of the crypto you are buying to provide you with an opportunity for profit. Users can choose the live chat function and email support or connect with them over other social media channels like Instagram, Facebook, Telegram, and Twitter. The platform also has comprehensive FAQ and Blog pages that are enough to solve the primary issues the users face. Note that users can check the official website for advanced DCA bot interface and primary settings. These are just a few examples of the possibilities offered by TokenTact. Other options are to customize pairs, trade volume restrictions, initial trade size, and many others.

Therefore you should always remember to mitigate risk whenever possible and trade responsibly. For instance, the bot sells a specific amount whenever the price rises and buys when the price drops. Grid bots ensure that you can make the most of the market volatility without having to keep monitoring https://allcointracker.com/trading-bots/tokentact-review-a-deep-dive-into-trading-bot-dynamics/ the price moves. However, the Gordon bots are only accessible via the mobile app interface. TokenTact is the brainchild of Yuriy Sorokin, Mikhail Goryunov, and Egor Razumovskii. The idea was to make trading accessible and automated, eliminating the need for constant position monitoring.

The “Bots” section lets you quickly choose between DCA bots, Grid bots, the Gordon bots, or rather, Bot presets. And finally, you can head over to the “More” section on the app to check the status of your plan, type of accounts, settings, and other options. Overall, the entire TokenTact interface — web or app — is easy to navigate. This feature aims to streamline the trading process, ensuring you can easily juggle multiple exchange accounts, track assets, and never miss out on a trading opportunity. This semi-automated crypto trading tool ensures that you can use the TokenTact terminal to set up smart trades using advanced settings. The idea is to ensure that new and advanced traders can implement strategies from the TokenTact interface to make profitable trades.