Last Updated on 6 November 2023 by CryptoTips.eu
TradeSanta review
Are you a day trader? If yes, then Santa is here for you (get it?). TradeSanta is a platform that has been on the spotlights for quite some time. With that in mind, our TradeSanta review is here to help you understand what the platform is all about. Pay close attention since this might be the long break that you’ve been searching for in your trading life. Who knows! That said, let’s get started with our honest TradeSanta review.
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TradeSanta Review: What is TradeSanta?
Automated trading tools are some of the most discussed services in the trading industry. TradeSanta is typically an automatic, cloud-based trading site that’s packed with a variety of features to help traders.
What’s more, TradeSanta is compatible with Huobi, Binance, OKEx, UPbit, Bitfinex, Bittrex, HitBTC and Binance US. However, there are rumours that the platform will expand its compatibility to other trading platforms, like BitMEX, KuCoin, Kraken and Coinbase Pro.
TradeSanta starts where a normal crypto exchange stops. Most normal exchanges don’t offer a lot of advanced tools to their traders. We haven’t seen crypto exchanges with cloud-based automated trading features, yet. This is why most trading bots are gaining a lot popularity lately.
With TradeSanta, you can automate your whole trading strategy from A to Z. You can automatically open and close your positions according to your own plan. This way you trade based on data and emotions won’t interfere your trading. The platform is easy to understand due to the user-friendly layout and optimized customer journey.
TradeSanta has been around since 2018 and is growing fast. Ever since it’s introduction, TradeSanta has grown to be one of the most popular crypto sites in the world. The platform gives its traders the chance to automate their trades regardless of the exchange, the time, the market, where they are and if they are sleeping.
Meaning, you don’t have to watch the markets when using TradeSanta. It’s a good alternative for day traders who don’t want to stare all day at their screens. It gives traders the chance to continue working with the platform they prefer and trust and also do arbitrage trading between exchanges.
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Why choose TradeSanta?
Some key features of this trading bot:
- Dollar-Cost-Averaging (DCA) and Grid: All you have to do is choose a strategy that works for you and the market. The bot will take care of the rest. You can have the chance to trade separately (Grid) or go with the average of all the trade orders you have open (DCA).
- Extra Orders: With this feature, you can profit even when your initial strategy doesn’t support the fluctuation in the market. That’s in case the market goes in the opposite direction of your prediction. TradeSanta will create an additional trade using coins with the current price. Therefore, will make a profit even with a smaller price change.
- Short and Long Strategies: You can make an automated long and short trade simultaneously. And whether the market goes long or short, the TradeSanta bot will cover it to the fullest.
- Technical Indicators: We all know from most TradeSanta reviews that this platform offers various technical indicators. That will help you analyze the market no matter the exchange you are using. Most users prefer using RSI, Bollinger Bands, or MACD signals.
- Stop Loss: Thanks to TradeSanta, you can mitigate your losses by setting stop losses whenever the trade doesn’t go your way.
- Support: TradeSanta offers a 24/7 support system to all traders if you have any challenges with the bot. You can either contact them via Telegram or email at any time.
How to create an account?
Creating an account on TradeSanta is relatively easy. In this section of our TradeSanta review, we will walk you through the process of creating an account.
- Visit the TradeSanta webpage.
- Enter your new username, email address and password.
- Hit Sign Up.
Once all is said and done, you will need to verify your information using the email address you’ve specified. All you have to do is follow the instructions you’ve just received, and your account is good to go.
How to get started with TradeSanta?
After you’ve registered your account, there are a few other steps you need to take to start using your TradeSanta account.
- Choose your account type. You can easily use the free account, but that depends on what results you want from this service. The paid plans offer more than the free version.
- If you have more than two bots in your account, you will have to deposit to activate it. Currently, TradeSanta accepts Bitcoin, Ethereum and USDT, which should be easy to top up. Go to the Setting section and Top up your account. The system will provide you with the address.
- It doesn’t matter which plan you choose; you can create multiple access points. All you have to do is go to the access point and click on the Add Access option. Each exchange has its own API key. Once you have the API and the API secret key of the crypto exchange, you can enter it, and it will connect your TradeSanta with the exchange. Please make sure you don’t activate the withdrawal rights when generating your API.
What are the most important features?
In this TradeSanta review we will cover the most important features of this trading bot.
Performance
One of the biggest problems that advanced traders will always face is the performance of the platform. Thankfully, TradeSanta can simultaneously run an unlimited number of bots all day and night, depending on the pre-program of your choice. That gives you the chance to cover as many markets as you please. That’s the reason why TradeSanta is among the top trading bot platforms in the world.
Security
In the crypto world, security is always the critical difference between a good platform and a scam. TradeSanta does everything to protect it’s current and new users from hacking attacks. The platform also hides the personal information of its users from the public. For instance, TradeSanta will only work with reputable exchanges with high set standards. The API link will only allow the bots to trade, and no one in the team can have access to your account.
Pricing
Without a doubt, TradeSanta offers affordable prices considering the perks that you will get from your trades. What’s more, new users have a 3-day free trial access to the basic paid plan with a 100% money-back guarantee. The free plan will also give you two bots to use for your trades.
24/7 cloud-based bot trading
We all know that it’s not healthy to trade 24/7. As a trader, you will become fatigued, and it will likely influence your decisions in making the right calls. The trading bots can keep track of what is happening within the trade without necessarily taking a break or be influenced by emotions. More importantly, the bot is live in the cloud. That means it has access to the trades in real-time. Therefore, it will ensure the bots will make the right decision for you when you need to rest.
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TradeSanta Pricing
As we’ve mentioned in our TradeSanta review, you have access to a free account. But it helps if you remembered that the free account comes with some limitations. You will only have two bots to utilize and your volume can’t be higher than 3000 USD a month. If you need more, you can go for the paid plans.
Free
- Up to 2 bots
- Volume max. 3000 USD/month
- Unlimited number of pairs
- All strategies
- Telegram-notifications
- General support
Basic ($14 / month)
- Up to 49 bots
- Unlimited Volume
- Unlimited number of pairs
- All strategies
- Telegram-notifications
- General support
Advanced ($28 / month)
- Up to 99 bots
- Unlimited Volume
- Unlimited number of pairs
- All strategies
- Telegram-notifications
- General support
Maximum ($42 / month)
- Unlimited bots
- Unlimited Volume
- Unlimited number of pairs
- All strategies
- Telegram-notifications
- General support
There are no extra trading fees besides the monthly payments.
Is TradeSanta safe?
There are several measures to secure your money and private information, especially when you are using TradeSanta. And all that comes at an affordable price without any extra charges. However, some platforms offer free automation. But that depends on what you prefer. If you don’t want to switch from your favorite exchange and it doesn’t have any automation, then you can consider TradeSanta as a safe option.
However, for those who are flexible, you can go to an exchange that will offer all the perks that come with automation. All in all, the free account on TradeSanta makes it easy for new traders to try out this bot without risking any funds in the process.
It would be best if you remembered that you are still in charge of the bots. Even though the TradeSanta bot will do most of the heavy-lifting, it will operate according to your specifications. That means you have to do your research well before entering values to the bot and blaming the system for a wrong trade. At the end of the day, you are in control of your funds. The bot is merely giving you a break from spending too much time on the screen.
The bot connects to your favorite exchange using APIs. You should only give the API trading access and no withdrawal rights. This way, no-one can use your API to withdraw funds.
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