- The cryptocurrency market unlike the traditional stock market is an evergreen market, it does not stop.
- The crypto industry sometimes experiences high volatility as a result of which trading bots were introduced.
- Tradesanta is a similar cloud cryptocurrency trading software that provides a variety of trading options with benefits.
The cryptocurrency market unlike the traditional stock market is an evergreen market, it does not stop. In turn, this has a stressful impact on crypto traders and investors. The crypto industry sometimes experiences high volatility as a result of which trading bots were introduced. The thing about trading bots is that they work faster and more efficiently than the traders. Tradesanta is a similar cloud cryptocurrency trading software that provides a variety of trading options with benefits.
The crypto trading bot was first launched in the year 2018, however, it took the platform a year to gain user base and popularity in the crypto community. Tradesanta is aimed towards automating the crypto strategies of traders and to provide access to cryptocurrency trading to everyone. Tradesanta is supported by cryptocurrency exchanges like HitBTC, Binance, Bitfinex, Bittrex, UPbit, OKEx, and Huobi and will be soon supported by BitMex.
Users Can Set Up Their Trading Bot According To Their Trade Requirements
Crypto trading bots like Tradesanta come handy when users are interested in trading digital assets but they don’t have enough time to keep a track over each trade. Basically, trading bots saves a lot of time in trading. TradeSanta bot will execute all your trading operations on the basis of the settings that you have chosen while setting up your account in Tradesanta. Further, you are allowed to set up as many trade bots as you like depending upon your trading business.
Users Can Choose Between Long And Short Strategies
TradeSanta allows you to choose between long and short trading strategies while setting up the trading bot and depending upon the price, the bots will cover the price themselves. The technical indicators feature will inform the user that the crypto bot will enter the market at the most favorable position. Furthermore, TradeSanta has a Stop Loss feature. As the term suggests, the feature will enable the users to come out of the position in case they realise that a certain trade strategy has gone against their expectations.
Lacks Assistance From Top Exchanges Like Kraken And Gemini
Obviously, the use of automated trading software is that it doesn’t demand the user’s presence all the time. TradeSanta has a user-friendly interface and full 24×7 customer assistance. However, it still lacks support from some of the top exchanges with high liquidity such as Kraken and Gemini. Furthermore, there’s no provision for decentralised exchanges and it is not open source.