More and more traders start creating Infinity Grids Bot on TokenTact because of the good performance in the up-trend market situation. However, it’s important to remember that not every transaction is https://ftb.fund/tokentact-review/ subject to tax. There’s no tax simply for holding cryptocurrency or moving your crypto between different wallets that you own. The rebalancing bot will rebalance your portfolio every 5 minutes.

As long as the strategy is profitable, individuals that use automated trading bots can enter and exit a trade to maximize their profit and loss results. TokenTact is not simply another cryptocurrency exchange as it provides the tools to create customisable automated strategies with free bots. API key trading has become invaluable, reducing the need to watch the markets 24/7, and TokenTact offers 12 free trading bots that are suitable for beginner and experienced traders.

• You agree to keep your account updated if any of the information you provide changes.
• The answer is, yes, it is completely legal for anyone who’s willing to trade on a safer side using the bitcoin arbitrage bot.
• Both the maker and taker fees at TokenTact are presently fixed at 0.05% of the total trade value.
• Moonin Papa is the co-founder of The Better Trader, a leading international crypto trading education company serving over 25,000 students in 36 countries.

There are several negatives with TokenTact that should be considered, in particular for advanced algorithm traders in the crypto space. The disadvantages include the inability to import a custom bot, strategy or indicator, the trading bots being confined to a single strategy only and there is a lack of advanced order types when placing manual buy and sell trade. When you use the spot future arbitrage bot, you may profit from price disparities between the current spot price of a crypto asset and the current price of that cryptocurrency in the futures market.

Although A is the most profitable one, it’s also easy to exceed its price range. On the contrary, C doesn’t have to worry about the price exceeds its price range compare to A. Especially in the bull run, we don’t want the price to exceed our range and sell everything before the huge pump.

TokenTact Exchange is a licensed Money Services Business (MSB) that is registered with the Financial Crimes Enforcement Network, also known as FinCEN. This allows traders from the United States including 48 states and territories to buy and sell on the spot exchange. However, due to strict regulations, individuals that reside in the US are not allowed to use the leverage trading products. As long as the price stay within the range, it’ll keep doing these profitable scalping trades. Next, a thousand of limit buy and sell orders will be placed within the range.

Clients can use a TokenTact Grid trading bot to generate returns in the fluctuated sideways market with the BTC/USDT or XRP/USDT pairs, for example. After the bot has been created, it will slice a predetermined range into 10 grids. TokenTact offers a secure trading environment that follows security regulations set by US agencies.

This bot was created in order to cater to investors who have a tendency to sell too soon in a rising market. Using the trailing sell bot, you may define numerous target prices that will rise in value as the bot continues to operate. Every time one of your targets is attained, the bot will automatically sell a predetermined percentage of your remaining assets. This method also helps to reduce the amount of money that might be lost if the market unexpectedly reverses course.

Currently on the website it shows 16 different trading bots that are all built into the exchange itself. Still not, sute about trading with a bot, you can still spot trade as well. 2.1 Risk of trading on the Site and the App and holding digital assets can be substantial. We do not offer any protection from future market performance so you could lose some or all of your investment.

In our sole discretion, we may refuse to increase your limits, or we may lower your limits at a subsequent time even if you have completed Enhanced Due Diligence. You shall complete the registration and identity verification for your TokenTact account, before you may conduct Fiat Trading. Your personal information, including but not limited your identity information, might be shared by us to TokenTact partnered OTC platforms or Third Party Payment Providers, for the purpose of facilitate your Fiat Trading. If you do not agree with any changes to this Agreement, you must cease using the Services, terminate to use your account without cost or penalty, if any liabilities or fees that you may have owed us so far have been paid off. This Agreement will continue to apply to your previous use of our services. If you continue to use the Services, it shall be deemed that you accept and agree to be bound by the revised or new version of the Agreement.

That’s why TokenTact only charges 0.05% from their users, and still can enjoy the privilege of Binance and Huobi liquidity. But even with 60% of the liquidity from Binance and Huobi combining, it’s enough for their users to use the automated trading bots on TokenTact. TokenTact only accepts deposits in cryptocurrencies, though 40 different digital currencies are supported, including Ethereum (ETH) and Bitcoin (BTC).

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