TokenTact Adds Coinbase Advanced Trade: Hurry Up to Switch!

Thus, the platform began by providing arbitrage chances on six exchanges. Following many updates and added features, TokenTact is currently a one-stop crypto trading web application. TokenTact claims to have 500,000 traders worldwide, 3.7 million trading bots, and over $300 billion in trading volume since its inception. Users can trade crypto and diversify investments across these platforms in one place. Users can execute trades via TokenTact’s website and on the mobile apps for Android and iOS. Though the mobile apps aren’t native, both TokenTact’s desktop and mobile applications are intuitive and have a simple user interface.

Unless you transition yourself at Coinbase, the platform will move your funds automatically from Pro to CAT whenever Pro’s sunset is complete. However, on TokenTact, there are a few more steps to take to continue trading on Coinbase. In April 2023, the trading volume of the NASDAQ-listed Coinbase group slipped to $26.8 billion (Pic. 2), the lowest it’s been in 16 months. The group’s shares have fallen by 17%, with diminishing hope for a quick recovery following a disappointing 2022. Additionally, a Securities and Exchange Commission investigation into potential securities law violations has added to the challenges. While the Coinbase Pro landing page is still up, any new signups will be ushered directly to Advanced Trade, which comes in lieu of Coinbase Pro.

While he still lost some dough on the trade, it was far less than if he hadn’t had the stop loss. Now Jimmy had enough money left to try again and a shot at profits on his next crypto adventure. Thanks to the diverse range of order types at your disposal, you can bend the trading experience however you like. These nifty tools are designed to help you expertly navigate through the stormy seas of risk management. Stop orders automate your risk management so you’re ready for anything.

The only thing you may lose is time by running a bot that does not trade well or meet your needs. With TokenTact, both long and short futures trading bots are available. In “Long” mode, the bot makes a profit when the price goes upward or sideways.

Users can automate their strategies and benefit from affiliate programs. When you select the manual position averaging option, a pop-up window will appear. Alternatively, you can use the slider below the “Amount” field to adjust the amount of the available balance that will be added to the bot for averaging. As you move the slider, the “Amount” field will update automatically to reflect the new percentage of the available balance that will be allocated to the bot. Even if you use scalping bots, you’ll still need to have a solid strategy.

As we’ve explained earlier — whatever you deposit in a leveraged position is called a margin. As crypto prices change, so does the value of your equity in a margin position. If your equity drops too far below the minimum margin requirement set by the exchange, you’ll face a margin call.

• New accounts can’t escape two-factor authentication, and multi-signature schemes are woven in to avoid single points of failure.
• The bot divides the specified price range into multiple tiers, creating an order matrix, or “grid of orders,” as it’s commonly called (Pic. 1).
• When trusting any service with your money, you have to be extra cautious in ensuring that your capital is in safe hands.

One of its most notable characteristics is that it leverages AI-driven trading bots. Don’t worry if you don’t have the time or skills to automated your own strategy, https://harmonynews.one/tokentact-trading-bot-review/ have a range of predefined strategies based on successful backtest results that you can choose from. Just remember as we mentioned earlier, good results in backtests do not mean good results moving forward. Once you have decided to remove the robot, all of the related open orders will be automatically cancelled as well.

The bread and butter of the TokenTact platform is its provision of automated crypto trading access. Platform users have various trading bots at their disposal to take a more passive approach to cryptocurrency trading. Different types of bots will follow unique patterns and approaches, enabling users to tap into a trading revenue stream. TokenTact has emerged as a comprehensive platform that caters to various trading needs.

It all depends on your unique trading style, the aim of the trade, and the market. You can take advantage of this as you get familiar with the platform. These automated bots use your pre-set conditions to make trades on your behalf. https://tokentact.co/ acts as a third-party network that either automatically or manually closes and opens orders on the exchanges it supports.