Advantage Of Automated Cryptocurrency Trading

Advantage Of Automated Cryptocurrency Trading

Media Coverage
July 5, 2019 Editor's Desk
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The Cryptocurrency trading is gaining popularity and becoming a mainstream way of investing. But, the biggest problem with the cryptocurrency markets is that it is very volatile and moves significantly under short periods of time. Additionally, many of those who invest in cryptocurrencies do not have that much time or don’t want to put the
Automated Cryptocurrency Trading TradeSanta

The Cryptocurrency trading is gaining popularity and becoming a mainstream way of investing. But, the biggest problem with the cryptocurrency markets is that it is very volatile and moves significantly under short periods of time.

Additionally, many of those who invest in cryptocurrencies do not have that much time or don’t want to put the effort to keep a manually check on the crypto market in order to micromanage their trading strategies. This is where automated cryptocurrency trading plays an important role.

Automated cryptocurrency trading offloads traders

As the name suggests, automated cryptocurrency trading allows cryptocurrency investors to offload some of the trading done to automated trading bots. This helps the investors to place high-speed trades 24*7.

Furthermore, automated trading bots are able to handle the number of orders than human traders, quickly, and easily without any emotions affecting trading strategies.

In addition to this, trading bots can analyse large amounts of market data, such as orders,price, time of day, and transaction volumes to make the optimal trading decisions.

Traditional stock exchanges have long used trading bots to maximize profits – making automated cryptocurrency trading a logical next step. One of the automated cryptocurrency trading platforms that have rapidly been making a name for itself is TradeSanta.

To take advantage of inconsistent and fluctuating market TradeSanta provides intelligent cloud-based trading software that can automate the process of cryptocurrency trading for investors. The user interface and functionality of TradeSanta are very simple and user-friendly, yet still exceptionally powerful.

TradeSanta features support for top cryptocurrency exchanges

TradeSanta is already working with almost all the top cryptocurrency exchanges. The pre-programmed trading software currently supports for Binance, Bitfinex, Bittrex, and HitBTC, while BitMEX, OKEx, and Huobi are ”coming soon”.

Furthermore, the TradeSanta platform has also been developed with a focus on security. To secure the user accounts, TradeSanta provides the two-factor authentication functionality. Additionally, the trading bots rely on API keys, which acts to restrict the extent to which bots can use different funds.

TradeSanta has already grown considerably.

The most notable aspect of TradeSanta is how quickly the platform is gaining prominence. As per the reports the platform have about 4,109 active trading bots, and an absolutely massive 346,609 completed deals. Currently TradeSanta is launching 3 different plans, depending upon the number of bots the user is willing to create:

● Free Plan – Up to 5 bots

● Basic Plan – Up to 49 bots for $15/ month

● Maximum Plan – An Unlimited number of bots for $100/ month.

Right now they are accepting payments in BTC only, but soon they are planning to add more options.

Thus, it seems that TradeSanta will continue to gain the traction in coming weeks and months. As cryptocurrency trading becomes common, automated cryptocurrency trading will likely become even more important and valuable for traders to retain a competitive advantage. To summarise, TradeSanta appears to be perfectly poised to benefit from such a development.

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