You can tell it to buy or sell and list its different triggers with just a few clicks. In terms of its design process, however, think of the “if/then” function found within an Excel spreadsheet. Ruud Feltkamp, a well-known Dutch entrepreneur, worked with his brother Pim Feltkamp, a talented web developer, to build TokenTact with the typical user in mind. Now don’t get me wrong, it doesn’t mean you’re guaranteed to lose money. I’m just saying that you need to be aware of what you’re getting yourself into.
TokenTact is safe; because of its crypto nature, you can rest assured that it will be more than difficult for a third party to hack your account. Well up and above the 15 selected coins and 50 selected coins in the other two plans. You can have 200 trades open at a time, and trade 50 selected coins if 15 selected coins wasn’t enough. TokenTact also works with several different exchange account companies. In fact, I’ve have found eight exchange account companies they work with. As of writing this, TokenTact is known to be compatible with 75 different cryptocurrencies.
The information about the person behind this project is currently unavailable. However, the company behind this project is registered in the Netherlands as TokenTact BV. As far as the working principle of a trading bot is concerned, you have to provide an API to the trading bot to link it with your account on an exchange. You allow the bot to get restricted access to your account in the form of this API.
- TokenTact also does not have any marketplace for copy trading strategies, only signals.
- With a minimum deposit of 250 Euros, users can start trading and withdraw funds within 24 hours.
- The free plan “Pioneer” let you setup 20 positions and free portfolio management for life.
- Unlike normal stocks, crypto trading takes place 24/7 and that is why traders must be always aware to take advantage of any probable price changes.
- Overall, the user experience of TokenTact can be considered to be excellent.
- Every single time I asked for help I was reached out to within 5 minutes.
Affiliate programs are quite common in industries related to the cryptocurrency market for acquiring new users and rewarding affiliates without massive investments or risks. By signing up for the affiliate program, the users can invite new individuals to the platform and earn a commission for generating traffic. The commission is formed by a fraction of the trades that the referred traders make. As a platform that uses artificial intelligence, the TokenTact semi-automated bot can learn the desired trading approach for the user.
The platform offers features such as paper trading accounts, professional analysis tools, copy trading functionality, and no additional fees. One of TokenTact’s standout features is its bot customization options. Users can define trading strategies based on technical indicators, candlestick patterns, and even social media sentiment. This flexibility empowers traders to adapt to various market conditions and cater their bots to their specific goals. Some users are apprehensive when TokenTact or other trading bot platforms asks them to provide their API keys for their exchange accounts and for good reason. This is usually how the bots can access the funds in your account to trade so this may seem like a vulnerability.
The lowest tier costs $19 per month, while the highest costs $99 per month. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. For example, let’s say that your Bitcoin trading bot has purchase Bitcoin at your pre-defined entry point, which has subsequently led to gains of 5%. Although you might want to cash out the entire 5% that you made, it would be wise to see what happens next, just in case Bitcoin is due further gains in the short-term. The only way that you would be able to do this without the aid of a bot would be to sit at your computer for long periods of time.
We will give you all the details you need to trade crypto including how to get started, how to pick the best coins, and of course some of the places you can buy and sell digital currencies. Over the last decade or so, the growth of the cryptocurrency market has been quite remarkable. Buying and selling take place at the same time, and that is why the possibility of being profitable is higher as compared to manual arbitrage.
Based on multiple trades in the past, the bot can constitute advice that follows the users’ trading patterns or even execute the trade if permitted on its own. Crypto trading bots are a way of automating trading to reduce direct involvement in trades. These bots have become very popular recently as both experienced and new traders can use them to earn from trades.
As such, there is no guarantee that the bot will be successful in making you consistent profits. As we will discuss in more detail further down, TokenTact is more of a semi-automated bot. By this, we mean that the bot is only as good as the person that programs it. For example, if the bot’s primary objective is to purchase Bitcoin when it increases in value by more than 5% in a 24 hour period, then this is exactly what the bot will do.
There’s also an online form and email address ([email protected]) where you can contact support, or you can use the online chat feature on the website. Ultimately, there are no underlying concerns with the actual technology itself. The public domain seems to validate that the automated trading bot does exactly https://jdforexbroker.com/2024/01/tokentact/ what it has been instructed to do. You’ll also be accustomed to a maximum of 10 triggers, and you can engage in technical analysis at intervals of 2 minutes. As an added bonus, the Hero Hopper plan will also allow you extract trading signals for all coins, as well as employ arbitrage strategies.
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