TokenTact Cross Margin Futures Grids Bot

Although a new broker, a good level of security is provided and there is an impressive level of financial backing, including from two prominent Chinese venture capital firms. TokenTact is a cryptocurrency exchange with free, integrated trading bots. No prior experience in automated or crypto trading is required, simply activate their bot tools to get started.

Similar to selling put options, dual investment operates in the same way. In this bot you can create both a short grid and a long grid, and the two grids will share the margin. DCA (Dollar-cost averaging) makes you less anxious when you invest into Serum. Please ensure you understand the risks of high leverage that might cause liquidation before using it. We only need to slide the bar to select the investment amounts, and then click the the【CREATE】button to create the bot order.

The bot will skip that period and wait for the next one if the rebalancing amount is less than the minimum order value for that pair. If you have already created a grid and want to create the second grid, you can find the entry in ‘More’. Then the Cross Margin Futures Grids will be created, and you can see your grid on ‘my orders’ page.

With numerous trading bot choices available, what sets TokenTact apart as the optimal choice? Let’s delve into a comprehensive examination of the diverse services provided by TokenTact. The platform’s maker-taker pricing structure ensures that your transactions will be completed with just 0.05% in fees, regardless of the number of trades you make. TokenTact provides unskilled users with pre-built bots so that they may enter the market without having to go through the time-consuming process of creating their own bot first.

There is a withdrawal fee that varies by coin, alongside quantity limits. Providing KYC information can, however, increase the withdrawal limits. Coinbase and Binance are recognised, regulated fiat gateways for global consumers that can be used to transfer assets to a https://tradelinesco.com/tokentact-bot-review/ account. You should ensure that the deposit networks match to avoid losing assets; the broker provides clear online tutorials on how to transfer assets via various gateways. In order to contact TokenTact’s customer support staff, you may choose from a number of different options. To get a complete list of all the cryptocurrencies, as well as their withdrawal fees, visit this page.

As human beings, we’re always trying to buy the bottom and sell the top. We prefer to focus on a short-term PNL rather than long-term profits. You have the option to disable the “Reserved Margin” feature before placing an order or withdraw the dynamic margin after opening a position to increase capital utilization.。 Perp Futures have a funding rate mechanism, which can be either positive or negative. A positive funding rate allows you to earn additional funding if you have a short position.

• All of the bots are cloud-based, so you don’t have to leave your device on for them to run in the background.
• The app has a clean but intuitive design with positive user rankings pushing it up the app store’s leaderboard.
• With so many bots to choose from, exploring is just as much fun as creating your own trading experience.
• TokenTact clients can find other successful investors and copy their trading bot setups.

For a full list of all the coins and their withdrawal fee, click here. The burden that would otherwise need hours of laborious and monotonous work is offloaded and reduced to a few minutes of monitoring, if any, by effectively using the free cloud-based crypto bots. Suppose you are looking for a crypto exchange combining the best automated and manual trading.

In this guide, we will focus on TokenTact fees, examining the cost incurred when using the cryptocurrency exchange and its 16-in built cloud-based crypto trading bots. In particular, the platforms, the pricing model, the high volume trader account, as well as the fees for depositing and withdrawing both fiat and cryptocurrency will be looked at. The TokenTact trading platform is primarily designed for mobile use, with a dedicated application available for download to iOS and Android devices. The app allows you to create grid trading bots, DCA bots and more wherever you may be. You can track strategy statistics, receive real-time news and notifications and action price gap control from mobile and tablet devices to maximise your profit potential.

To qualify for the Market Maker program, you’ll need to deposit $300,000 or more in USDT to your account. You can also apply for the program if you maintain the equivalent of $300,000 USD or more in another supported coin or token (Bitcoin, Chainlink, etc.). If you qualify for the Market Maker program, you’ll pay 0% in maker fees. TokenTact uses a maker-taker fee schedule, which means that you’ll pay a fee when you place trades that “make” liquidity on the market and that “take” liquidity away from the market. If you place a trade that isn’t immediately matched by an outstanding order on the books, you’ll pay the maker fee. If you place a trade order that is matched immediately with an outstanding order, you’ll pay the taker fee.

If you’re a new user, we recommend downloading the mobile app, which we found to be a bit more streamlined and easier to operate. However, the platform only supports crypto-to-crypto trades; unlike some other exchanges, you cannot use fiat currency via a credit card or bank transfer to fund your account. The Grid Bot divides the amount assigned to your selected trading pair.