31 Oct TokenTact Review Is This a Trustworthy and Scam-Free Trading Site?
It’s interesting to see the bad experiences of others with TokenTact, where mine are very good. First of all I think the website and (Android) app are very well designed and intuitive to use. I use the TokenTact API with my own trading bot and all works like a charm. This was perfectly/kindly resolved by TokenTact through a direct and very responsive Telegram conversation. The company has been granted the MSB license by the United States FinCEN. As per the company info, you can register with the platform and start trading paying just a 0.05% commission fee.
- It also takes them couple of days to reply back to messages on chat.
- TokenTact recently came up with its Spot-Futures arbitrage bot, which helps you gain returns through an asset’s price difference in different markets.
- The bots themselves are easy to set up and use, with pre-built templates and customizable parameters that can be adjusted based on your trading goals and risk tolerance.
- 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.
While automating your investment strategy using in-built trading bots, eliminates the need for you to monitor the market continually. TokenTact is a Singapore-based automated crypto trading platform that has become one of the crypto industry’s fastest-growing platforms. TokenTact is a cryptocurrency exchange with built-in trading bots that are available for free. There is no need to have any prior knowledge of automated or manual crypto trading; activate the bot tools to get started.
TokenTact makes its trading platform available as a web-based app, but it also has both Android and iOS based versions of the platform. Plus the broker follows the mobile-first rule, which means any new features and updates are released first to the mobile apps before the web-based app is updated. There are several platforms that have begun to use API keys to allow automated trading to occur 24×7. This has been a relief for traders who use technical signals since it means they are no longer glued to their computer screens, watching each tick of the markets. It’s not surprising that in a technologically focused field like cryptocurrencies traders have turned to technological solutions to their trading. This is creating increased popularity for automated trading, or “bot trading” as it is also called.
Singapore, where TokenTact are incorporated, is, from personal experience, one of the most regulated places in the world for a crypto startup to be based. TokenTact bots are designed to buy cryptocurrencies low and sell high automatically on auto-pilot. The strategy involves holding a short position in the perpetual futures market while holding the same size position in the spot market. Arbitrage will find the market-neutral position and utilise the funding rate every 8 hours.
When you make a transaction, your charge is subtracted from the outstanding amount balance in your record. The price gap is not always a fixed number between futures and spot prices. It’ll result in some profit if the gap is lower when you’re about to stop the bot, and suffer from some losses if the gap is higher. Since perpetual futures contracts never settle in the traditional sense, exchanges need a mechanism to ensure that futures prices and index prices converge on a regular basis.
Yes, KYC verification is mandatory at TokenTact as of December 1st, 2021. There are 2 levels of KYC verification and unverified users may not trade, deposit, or withdraw. US users must also do some form of KYC and are allowed to trade spot markets only. Binance requires full https://ftb.fund/tokentact-review/ KYC now to trade even spot products, and TokenTact requires full KYC compliance as well to use. Binance is the leading global crypto established exchange by trading volume, offering a much larger selection of cryptocurrencies than TokenTact—over 351 coins and over 1300 pairs.
You may also select the AI strategy or the manual setting when clicking on the Martingale Bot. However, the Price Scale and Take Profit Ratio are the most critical factors to consider. If you’re worried that you might find difficulty with the setup process, don’t be.
With the Infinity Grid Bot, you’ll never have to be concerned about the price of a grid surpassing the price range you’ve set for it. Customers can set up bots to trade them or simply purchase them on the market if they prefer to HODL. I play with a bunch of different bots at different times for different results.
We also have some customer reviews that have been written on third-party websites, along with an FAQ section. If you still have any problems, please contact us with the online chat on our website or write an email to We will solve the problem asap. Kucoin provides good option to use your card to buy cryptocurrencies whereas TokenTact does not .
Any additional questions left may be addressed to live chat, a dialogue window where customer support agents are ready to cover all your questions in a real-life format. Plus500 has launched an amazing feature “+Insights” for desktop and mobile, allowing users to learn more about market trends based on the company’s unique internal data. It has two features –
‘Insights’ is a trend exploration driven tool;
‘Instrument +Insights Tab’ – is an instrument-focused experience that lets users dive a bit deeper into each instrument’s data. They are also able to completely reset their demo account, including all history, so they can re-experience it over and over while executing different trading strategies. Plus500 mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device.
This strategy is a way to earn a high APR, and low risk on your funds. TokenTact claims that by taking advantage of these opportunities you can earn between 15-50% APR on your funds. We strive to deliver the best cryptocurrency news, reviews, and information to help you stay safe while trading crypto. Keeping in mind that there is no fiat gateway for Australians to deposit AUD or any other traditional currency, the credit card feature to buy crypto is simple to use. Although limited to solely USDT, BTC, and ETH, you can choose from over 80 fiat currencies as your payment asset. Overall, TokenTact doesn’t offer the staking services that you would expect from a global crypto exchange.
