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Crypto Bot

TokenTact Review 2024: Trading Bots, Fees, and Pros & Cons

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.

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 https://ftb.fund/tokentact-review/ 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.

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.

  • TokenTact charges a flat fee of 0.05% for both makers and takers on every spot market trade.
  • TokenTact’s mobile app is fully functional, mimicking all of the features that you’ll find on the desktop platform.
  • This is exactly why the vast majority of today’s cryptocurrency transaction is handled by automated systems, sometimes known as crypto bots.
  • Due to high demand from the users of TokenTact, this feature was recently added to the TokenTact App.
  • They really walk you through each bot in full detail so you know exactly what you’re doing instead of rushing in headfirst with no idea.

It supports many bots, such as Grid, DCA, rebalancing, arbitrage, etc. You can also benefit from low fees, high security, and great customer support on TokenTact. When the price goes up and down, it does the orders and makes money from the difference, multiplied by the leverage ratio. You can use this bot for volatile markets with clear trends and change the grid number, range, profit ratio, and leverage ratio.

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.

TokenTact

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.

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.

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.

You can use futures trading to bet on price movements or multiply your positions. TokenTact provides a very high level of customer service, which makes them highly accountable to its customers. Several alternative methods are available for getting in touch with TokenTact’s customer support personnel.