TradeSanta Review

tradesanta-review

Pricing

  • Basic plan – $25/month or yearly at $18/month
  • Advanced plan – $45/month or yearly at $32/month
  • Maximum plan- $90/month or yearly at $45/month

Supported Exchanges

9

Platform

Web, Mobile

Education

Yes – https://tradesanta.com/blog/

Customer Service

Email, Telegram

Pros

  • Ready-to-use trading bot configurations.
  • Extensive online community for social trading.
  • Capability to perform both long and short trades with bots.
  • Budget-friendly subscription options.
  • User-friendly interface and functionality.

Cons

  • Limited trial period of just 3 days.
  • Compatibility with only nine cryptocurrency exchanges.

TradeSanta Review

TradeSanta Review

TradeSanta revolutionizes the process of creating a trading bot, distinguishing itself in a crowded market of trading bot services. It’s a game-changer for those unfamiliar with trading bots, simplifying the creation process with ready-to-use templates and comprehensive tooltips.

If you’re considering TradeSanta, this review will delve into the platform’s offerings, pricing, and additional details to help you make an informed decision.

About TradeSanta?

Launched in late 2018, TradeSanta is a cloud-based platform facilitating automated trading on major cryptocurrency exchanges. It quickly became a gateway for countless investors to explore the world of automated cryptocurrency trading.

In 2020, TradeSanta expanded its reach by adding more exchanges and introducing advanced features. Their aim is to democratize the booming crypto market, making sophisticated automated trading tools accessible to traders at all levels.

TradeSanta is renowned for its straightforward yet powerful interface, equipped with all the necessary tools to automate your trading effectively.

Who Should Use TradeSanta?

TradeSanta is ideally suited for novices in automated trading or the cryptocurrency world, offering an easy-to-navigate and educational platform. It also caters well to more experienced traders who are well-versed in cryptocurrency markets but seek a platform to handle the technicalities of bot programming.

Is TradeSanta Safe?

TradeSanta ensures top-notch security on its website, implementing regular security checks. They have taken extensive steps to secure your crypto trading experience. The platform partners exclusively with exchanges renowned for their stringent security measures. The bot operates through API access, meaning it can’t directly access your personal funds. This setup guarantees that you retain full control of your assets. For added safety, TradeSanta advises choosing an exchange that aligns with your individual trading needs and security preferences.

TradeSanta Platform & Features

Currently, TradeSanta users have the option to develop three unique trading strategies:

Smart Orders

Designed for those holding a significant amount of cryptocurrency, Smart Orders aim to optimize investment strategies. Attempting to sell large crypto quantities at once might not yield the desired returns due to potential market limitations in buyer availability. Smart Orders strategize selling a specific amount of cryptocurrency at the current market price within a set timeframe. Users select the currency pair and amount to trade, and TradeSanta’s bot takes over, managing the order placements and book monitoring. This approach enhances the chances of achieving the desired sale amount.

Grid Bot

Unlike the one-time smart order bot, the grid bot functions on an ongoing basis. After setting its parameters to maximize profits, the grid bot continuously scans the market for lucrative opportunities. When it identifies them, it automatically buys from the market. The bot will hold onto the purchased quantity until it can achieve a predetermined profit level. Rather than speculating on market increases, the grid bot sticks to its instructions and secures the profits it’s set to target.

Dollar Cost Averaging

This strategy involves instructing the bot to sell multiple orders at a higher consistent price, similar to the grid strategy but distinct in approach. While the grid bot evaluates each trade individually, dollar cost averaging aggregates several trades, aiming for an overall profitable outcome. This method is somewhat more aggressive in its profit-seeking compared to the grid bot.

Support for Popular Exchanges

TradeSanta automates crypto trading strategies on major exchanges including:

  • Binance
  • FTX
  • Binance US
  • Okex
  • Huobi
  • ByBit
  • HitBTC
  • Coinbase Pro
  • Kraken

TradeSanta plans to expand its supported exchange list in the near future.

Mobile App

TradeSanta differentiates itself in the automated trading system market by offering a mobile app. This app provides the same functionalities as the desktop version, ensuring seamless control and monitoring of your trading activities. Available for both Android and iOS devices, the app allows users to manage their bots and customize notification settings for ongoing trading oversight.

Ease of Use

The true value of a top-performing crypto trading bot lies in its accessibility to the average crypto trader. Recognizing this, TradeSanta has focused intensely on crafting a user-friendly experience, with bots that are straightforward to operate, catering to traders of varying skill levels.

For example, TradeSanta offers pre-configured versions of each strategy, allowing users to simply activate, target, and let the bots run to accumulate profits. This process is quick and easy, typically taking only a few minutes to set up. Users have the option to monitor their bots’ progress and withdraw earnings as they accumulate.

Additionally, TradeSanta provides detailed guides and tutorials on its website, designed to answer any questions that might arise. For instances where this isn’t enough, TradeSanta’s community is known for its supportive nature, often stepping in to assist fellow members. The platform is widely recognized for its seamless operation and ease of use.

TradeSanta Pricing

TradeSanta offers three subscription plans:

  • Basic Plan: Includes up to 49 bots, unlimited trading pairs, all strategies, and Telegram notifications. Priced at $25/month or $18/month when billed annually.
  • Advanced Plan: Supports up to 99 bots and includes all features of the Basic plan plus Trailing Take Profit and TradingView Screener signals. Costs $45/month or $32/month on an annual basis.
  • Maximum Plan: Provides an unlimited number of bots and includes all features of the Advanced plan, plus custom TradingView signals and Futures bots. Available for $90/month or $45/month when billed yearly.

Every new user gets a 3-day trial of the Maximum bundle to experience the full range of features.

How to Open An Account?

  1. Begin by visiting https://tradesanta.com/en/signup and entering your desired username, email address, and password.
  2. The next step is to verify your email. Follow the instructions sent to your email address for account verification. If you haven’t received the email, check your spam or junk mail folder.

In Conclusion

Traditionally, trading of this complexity would require a preparatory tutorial for beginners, yet TradeSanta currently lacks such a feature. This might be due to the developers’ confidence in the platform’s intuitiveness, assuming that a tutorial wouldn’t be necessary.

The simplicity of TradeSanta’s interface allows traders with no background in computer programming to successfully create and operate bots. It’s particularly advantageous for traders who have a thorough understanding of the crypto market and have experience with manual trading strategies.

TradeSanta’s three-day free trial offers a no-risk opportunity to explore the platform and determine if it aligns with your trading needs and investment goals.

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