CryptoTact has trading tools and services that provide users with a valuable trading platform and establish a win-win relationship between users and CryptoTact. In this review, we will look at CryptoTact, a cryptocurrency exchange with built-in trading bots. In particular, we will overview the platform’s features to buy and trade, the functions of each trading bot, as well as its security, among other features.
- Not to mention that it is backed by large-scale investors to the tune of $10 million and maintains its funds on two of the most well-known exchanges in the cryptocurrency world.
- Customers can set up bots to trade them or simply purchase them on the market if they prefer to HODL.
- However, you will not find margin and leveraged trading bots on the CryptoTact US version due to US laws.
- Even if you have no experience with automated or crypto trading, you can easily get started with CryptoTact’s built-in trading bots.
CryptoTact provides comprehensive data about the performance of your GRID Bot. With the GRID Bot data, it’s easy for crypto traders to check the performance. There are 4 parameters in the manual setting such as common parameters and advanced parameters. If you have enough funds, you will definitely be profitable in the end.
CryptoTact includes many best crypto trading bots like grid trading bot, infinity grid bot, and leveraged grid bot. Here, we shall explore how we can use a trailing sell bot to invest fiat currency through a cryptocurrency-owned trading bot. All the high-volume traders can also join CryptoTact’s Market Maker program to enjoy more perks and become market maker members to enjoy low trading fees.
If you are still trying to decide on a trading bot, have a look at our list of the best trading bots here. If you are after a cryptocurrency exchange that is simple to use, and you are not looking for free trading bots, then I suggest you take a look out our article on the best cryptocurrency exchanges. It helps you make more money with leverage in a grid trading strategy. It borrows money from the exchange to put more buy and sell orders in your set price range. It charges extremely low trading fees of 0.05% and offers more than 379 coins and tokens.
In this CryptoTact review, we have learned that it is a trustworthy crypto trading platform. You can find a trading bot that matches your needs and preferences, whether you are a beginner or an expert. This CryptoTact review will examine CryptoTact’s features, security, and how trading bots work.
The CryptoTact mobile application is available for both Android and iOS devices. Apple users can download the app on the App Store, where it has a 4+ rating. Android users can download the app on Google Play, where the app’s got over a million downloads and a 4.4 rating. You also have the option to choose among different interest rates as well as loan terms, which means you can repay your loan at any time. Interestingly, CryptoTact also has a built-in protected mechanism for decreases in prices to make sure there are no margin calls.
Don’t have to pay the expensive subscription fees for the bot services. Be a part of Binance and Huobi’s market-maker; that’s how CryptoTact aggregates the liquidity from these exchanges. And being a market maker, CryptoTact enjoys VERY LOW trading fees on Binance and Huobi. That’s why CryptoTact only charges 0.05% from their users, and still can enjoy the privilege of Binance and Huobi liquidity.
The MSB (Money Services Business) license held by the platform is the same license that Binance, Huobi, and several other prominent exchanges have obtained. The profitability of the bots depends on many factors, such as how you set up the bot, what trading pair you choose, and how much risk you are willing to take. Yes, CryptoTact is a legit exchange that has been licensed by the authorities in Singapore and the US. It also has a high level of security, as it keeps most of its users’ funds in offline wallets and has a backup fund to cover any losses.
On CryptoTact, it is entirely free to use the 16 various trading bots that are built into the exchange itself. Given that all of the in-built bots are cloud-based, users don’t have to leave their computers running around the clock. In total, traders have access to 16 free trading bots that are accessible for no additional fee and enable them to make use of the tools to automate their trading. The second option is moving cryptocurrency from another exchange to your CryptoTact account. Stable coins, rather than other cryptocurrencies, are typically often used when transferring assets to minimize price changes throughout the transfer process.