The cloud-based software TradeSanta released in 2018 is used for automating trading strategies across different cryptocurrency exchanges. TradeSanta started gaining traction last year in the crypto community as more and more traders starting using the software for efficient and convenient crypto trading. Crypto trading bots such as TradeSanta are useful when you want to start trading cryptocurrencies but don’t have enough time to submit each trade by yourself.
What is a crypto trading bot?
A crypto trading bot is an automated computer program that buys and sells cryptocurrencies at the correct time to make most profits. Its sole goal is to generate as much profit as they possibly can for their users. A crypto trading bot executes trades on users’ behalf by following the preferred settings they have chosen when creating the crypto trading bot. Crypto trading bots work by continually monitoring the market and reacting according to a set of predetermined rules and place the order at an optimal time, which results in most profits for the users. A user can determine how he wants the bot to analyze various market actions, such as volume, orders, price, and time.
TradeSanta: The ultimate crypto trading bot
Released in 2018, the crypto trading bot TradeSanta has gained a lot of traction in the last year as more and more crypto traders use this bot to trade cryptocurrencies on different exchanges. The crypto trading bot eliminates the need to execute trades manually and automates them instead. A user can create as many separate trading bots as he wants to scale the crypto trading. TradeSanta supports most of the major crypto exchanges and executes a single strategy plugged into a chosen crypto exchange by trading preset currency pair.
Why should you use TradeSanta?
TradeSanta, released in 2018, supports most of the major centralized cryptocurrency exchanges. The crypto trading bot supports crypto exchanges, including Binance, Bittrex, Bitfinex, HitBTC, Upbit, and Huobi. TradeSanta offers free, basic, and maximum plans to its users. The free plan gives access to up to two bots and includes general support, Telegram notifications, ability to work with any number of crypto exchange-listed pairs, and executing any of the available strategies. And with the Basic plan, users can run up to 49 number of bots.
The maximum plan of TradeSanta allows its users to run an unlimited number of bot instances in addition to individual support directly from the trading bot and 0% trading fees on the crypto exchange HitBTC.
Setting up an account on TradeSanta
Setting up an account with the crypto trading bot TradeSanta is as simple as choosing a user name and password to log in with and providing a valid email. Once you sign up using an email address, you will receive a confirmation email where you have to follow the instructions to verify and activate your TradeSanta account. After you have signed up, you will need to go to settings and select the most suitable plan for you. You will also have to set up an access point using your desired crypto exchange account’s API keys before you start trading crypto using the trading bot.
TradeSanta has an active user community on Telegram and a 24/7 customer support via email or Telegram. Apart from the web interface, TradeSanta also has an Android app available. Upon signing up, no additional personal information is required, and there are security measures such as two-factor authentication in place to secure your account. Trading with bots is not a new idea. Trading bots are being used in the traditional stock markets from a very long time. Since famous traders like John Henry began adopting the concept of “rule-based trading” in the 1980s, trading bots have been popular in the market in one form or another.