Tradesanta Review: An Analysis Of The New Automated Trade Tool

  • In the era of automated trade tools systems, TradeSanta, a new cloud-based automated trading platform, has joined the group.
  • The platform can function with exchange platforms like Huobi, Binance, Bitfinex, Bittrex, HitBTC, Upbit, Okex, and Bitmex (coming Soon).
  • The platform provides traders with advanced trading options along with the capability to enter and exit both long and short positions atomically.

In the era of automated trade tools systems, TradeSanta, a new cloud-based automated trading platform, has joined the group. However, it proposed to extend and expand its support platform base soon.

Generally, Crypto exchanges do not provide traders with many options or tools. Such platforms can only support basic order types, a significant problem faced by advanced traders. The number of automated trade platforms is increasing on a day-to-day basis in the digital market.

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It is where TradeSanta exposes its unique and ergonomic features. The entire platform built to provide a convenient, user-friendly experience. Apart from that, the platform also includes support options. If their automated Wizard is unable to help its clients get accustomed to the environment of the platform.

TradeSanta Bot’s

The three available automated options in the platform are Long Bot Template, Short Bot Template, and Custom Template.

Going ‘long’ is a situation where the trader approximates a raise in the price, and thus going for the purchase of security means buying security. Going ‘short’ is a different condition, i.e., a position that will rise in the value of the price if the security falls.

Thus from the features mentioned above, one can conclude that TradeSanta provides traders tools.

1) To make advanced trades on both the long and short sides of the market.

2) To create custom tools to take full advantage of a trader’s outlook. Other additional features of the platform include Extra Orders, Martingale, Buying Coins for Commission, Entering at Market Price, Technical Indicators, Day Filter, etc.

How to begin?

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For starters, automation of crypto trading with Santa cryptocurrency trading bot for currencies like Binance, Bittrex, Bitfinex, Upbit, Huobi, Bitfinex, and HitBTC, is an effortless task. Preliminarily, the user should set up an access point, after which the bot parameters need configuration. In the next step, the user needs to choose a trading pair, crypto bot strategy (long or short), take profit level, and other settings. The Wizard accompanies the user through the entire process. TradeSanta Bot templates will eventually aid the user to expand his access to automated crypto trading smoothly.

Bridging with Crypto-platforms

TradeSanta fully automates crypto trading strategies across four major exchanges, such as Binance, Bittrex, Bitfinex, and  HitBTC.The platform is planning to expand this list shortly. The trading fees with respect to the above mentioned platforms are 0.1%,0.25%,0.1%-0.2% and 0.1%-0.2% for Binance, Bittrex, Bitfinex and HitBTC respectively. The variation in trade fees in platforms Bitfinex and HitBTC is the resultant of the “maker-taker” system.  

Above all, the platform allows its users to connect with their convenient crypto-exchange platform through channels called “Access Points.” No matter which TradeSanta account used, the user is provided with the option to create as many access points as he wishes.

To create access points with TradeSanta, the user needs to navigate to the Access points section in the left menu. Then click on the ‘All accesses’ sub-option. Once there, he further needs to click on ‘Add access.’ Every exchange will have a different way to generate API keys. Thus the user is required to have an API key and API secret key for every access point that he creates. Once he possesses the keys mentioned above, he can utilize the same to connect the channel.

Available packages

Individuals are accessing the platform with four different packages—the offered packages to choose from viz., Minimum, Basic, HitBTC Promo, and Maximum. The minimum is a free trial package with a bot capacity of 2 numbers and a volume limitation of $3k per month. Basic and HitBTC Promo comes with a bot capacity of 49 numbers with an unlimited trading volume feature. And finally, Maximum provides the user with unlimited bots at 0% trading fee on HitBTC. All the packages mentioned above are embedded Strategical features and General support.

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Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.

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