The traditional stock markets have a limited time of trading in a day as it has an opening hour and a closing hour, beyond that it does not function. The cryptocurrency market has no time limit and it is opened for trading 24/7. But on the other hand the crypto market is very volatile in nature where sometimes the price increases and sometimes it falls drastically. Therefore, manual monitoring is not possible by traders 24/7 and in turn, they lose trades. This is the place where Bots come into play.
These bots are software that is programmed beforehand for making an analysis of the market that is volumes, prices, time and order. With so many people already making an entry into the crypto market, a large number of trading software platforms are being created. One such platform is TradeSanta that is getting popularity in the crypto industry.
In the year 2018 TradeSanta became functional for enabling automated trading bot strategies. The bots that are deployed in TradeSanta works at very high speed for which it can place order more rapidly as compared to traditional trading strategies. TradeSanta is equipped with several other important features for which it is becoming more and more popular among traders.
It is a highly safe platform that allows two-factor authentication and the bots also reach the exchange through API keys for which they don’t have access to traders fund without their prior permission. So, a traders fund can’t be withdrawn without his intent.
The interface of any platform should be user-friendly and same is in case of TradeSanta. It is crucial for new a trader that helps them to ease into the crypto ecosystem and also offers several tutorials. It is also equipped with a dashboard which helps the trader in keeping a track of the performance of the bot.
Since the launch of TradeSanta, it has been enhancing its platform and creating several new features. It has already added so many new features like extra order, telegram communication, Smart Order and several other technical indicators. All thee helps the trader to monitor trades even in his absence. There is also dark mode feature for night traders. The trading bots monitor the market dynamics and utilize the indicators for opening the trading positions automatically. It is because of the numerous features and indicators both new traders and experienced traders can easily use this platform.
Recently, TradeSanta has added a calculator that will help the users in easily estimating the available balance in the form of the coin before initiating a deal. User security is taken care well for which frequent security audit is done and minor bugs are fixed.
TradeSanta is already supporting four major exchanges such as Binance, Bitfinex, Bittrex and HitBTC and is planning to support even more in coming days. As of now, more than 4000 bots has been designed by users that are active and 245k deals have been accomplished successfully. The platform is now completely free for use. As the Blockchain industry is expanding the future of companies developing such a platform is also bright.
Automated Crypto Trading Made Simple by TradeSanta, a cloud trading software that allows you to take advantage of crypto market fluctuations. Connect TradeSanta to your exchange and trade 24/7 without making it a full-time job.