TradeSanta Review 2024 : Is It the Best Bot to Trade?
TradeSanta Summary
| Official Website | https://tradesanta.com/ |
| Established | 2018 |
| Available Payment Options | Crypto, Credit Cards, Paypal, Visa, Mastercard, American Express |
| Cloud-Based | Yes |
| Supported Exchanges | Binance, Binance Futures, Binance US, Okex, Huobi, Upbit, HitBTC, Coinbase Pro |
| Mobile Support | Android and IOS |
| Plans and Pricing | Basic – $25/mo | Advanced – $45/mo | Maximum – $90/mo |
| Free Trial | No |
| Affiliate Program | No, but it has a referral program |
| Customer Support | Email, Telegram Chat, FAQs, Social Channels Support |
TradeSanta is a good crypto trading bot that authorizes traders to take positions on both sides- short and long positions. Like other crypto platforms, all your transactions are safe and secure for automated investing. It offers an easy-to-navigate and handy platform for trading with many benefits and features.
How Does TradeSanta Work?
To use TradeSanta, traders must connect their best cryptocurrency exchange account to the platform. They can then create a trading strategy by choosing the exchanges and any trading pair they want to trade, setting up technical indicators and other rules, and selecting the conditions for the execution of trades.
Once the users create the strategy, they can set it to run automatically or manually execute trades based on the rules they have set up. The platform also provides tools for tracking and analyzing the performance of trades, as well as alerts and notifications to help users stay informed about the status of their trades.
Comprehensive, TradeSanta makes it easier for users to trade cryptocurrency by providing tools and services for automating the process and analyzing the performance of profitable trades.
TradeSanta Review: Pros and Cons
| Pros | Cons |
| Over 5,700 crypto pairs are supported. | Lacks support for some major high liquidity exchanges. |
| Offers Hundreds of trading strategies. | Dependability on third-party exchanges. |
| Large trading volumes are available at TradeSanta. | Exchanges supported are limited. |
| Charges affordable monthly fees. | Limited customization for backtest trading. |
Key Features of TradeSanta
Grid and DCA Bot
TradeSanta offers you the facility of an automated trading bot that observes the crypto markets closely and manages your trades 24/7 without affecting your day trading.
The platform allows you to choose popular strategies per your requirements and market conditions. If you decide to take benefit for every buy individually, then GRID bots are perfect for you, but if you choose the average price for all orders, then DCA (Dollar Cost Averaging) is best suited.
The DCA (Dollar Cost Averaging) strategy gives you immediate results; compared to the grid bot, it executes the amount from the entire range of buy orders within a single execution. DCA frequently opts for highly volatile markets. You can use these TradeSanta bots to trade crypto like a professional.
Extra Orders
When market conditions are not in your favor and do not favor your strategy, then extra orders help you make money. Suppose the price action moves against your calculations. In that case, the TradeSanta bot executes an extra order to buy/ sell a large number of coins at the market price and tries to ensure the expected profit with a small price fluctuation in the near term.
Long and Short Strategies
TradeSanta authorizes you to simultaneously place automated trading bots along with long and short techniques. The crypto trading bot platform will cover both sides of price fluctuations, positive or negative.
You can set both the long- and short-term strategy bots. When you buy a coin and expect that the price of the coin will go up, then a long strategy is good for you, and when the price drops or you sell a coin with the hope that the price will fall and you will repurchase it at a cheaper rate than you will choose a short strategy.
Technical Indicators
TradeSanta has a fantastic feature of these indicators. They help get the best optimal entry point based on these indicators. RSI, MACD (moving average convergence divergence), and Bollinger signal are the three indicators provided by TradeSanta to its users. You can choose any one or all three of the indicators at the same time.
Stop Loss
It reduces the risk of losses. Whenever the market witnesses any unexpected or extreme fall or price rise, a stop loss order gets activated and minimizes the risk of your losses. You can manage your risk by enabling a stop loss order to quit the position if market conditions are unfavorable.
Exchanges
TradeSanta is a trading automation software that currently supports many exchanges. These are Binance, Bittrex, Bitfinex, HitBTC, Huboi, and Upbit OXEX.
Terminal
Do not waste time navigating your exchange account or exchange accounts from various terminals. Use the free Trading Terminal facility of the TradeSanta platform and control all your cryptocurrency portfolios from one point.
Trading Signal
For a perfect entry and exit of an automated crypto trading bot in the market at the right time, you can use some trading signals like MACD, Bollinger, TradingView Signals, RSI, and many more.
Copy Trading
This facility allows users to improve their trading skills by copying the good techniques from advanced traders. You can analyze the bot’s performance and copy the best one according to your interest.
TradeSanta Tools: Designed for Better Results!
Futures Trading Bot
These bots perform well on both sides (buy or sell) in the futures market, allowing traders to create a leveraged position.
Long and Short Trading Bot
With the help of these types of bots (long/short), Traders can experience trading crypto for both markets, bull and bear.
Risk Management
Several risk management tools are available on TradeSanta, like stop loss, trailing stop loss, and trading view stop signals, which help users reduce risk during uncertain market situations.
Demo Bot Trading
The demo bot trading strategy helps users learn how the TradeSanta bot work and can also analyze their trading skills without losing real money.
Profit Targets
Set your desired to take profit targets, and trading bots will observe the market to execute the deal at the right time with the maximum possible profits. The day traders set these profit targets.
Bot Templates
You can use preset bot templates to launch a crypto trading bot just for 5 minutes or create different cryptocurrency trading bot templates.
How to Get Started on TradeSanta Crypto Trading Bot?
Create an Account
A person who wants to participate in trading activities can register at TradeSanta’s automated crypto trading platform by following the steps:
- Go to the TradeSanta website and click on the “Sign Up” button in the top right corner of the page.
- Enter your email address and create a password.
- Read and agree to the terms of service and privacy policy.
- Click the “Sign Up” button to complete the registration process.
- Check your email for a confirmation message, and follow the instructions to activate your account.
Complete the process according to the instructions; then, you can log in to your account and place your first bot. Once the account is activated, you can log in and start trading using the platform for creating automated strategies. It is advisable to read and understand the terms of service and privacy policy before creating an account.
Connect a Cryptocurrency Exchange
Completion of the registration process will activate your account. You can connect a TradeSanta account with any of the cryptocurrency-supported exchanges by TradeSanta. You will find an Access point category available in the left menu. Pick up all access options and choose the add access button.
Create your API key and paste it into your exchange’s account settings. It would help if you remembered that an API key and API secret key are mandatory for every access you create.
TradeSanta Mobile App
You can comfortably track your portfolio on your smartphone with the help of the mobile app. This cryptocurrency trading app offers all the necessary functions to manage your bots 24/7. TradeSanta supports mobile applications for both iOS and Android devices.
According to major TradeSanta reviews, the interface makes trading easy for traders, and we agree. You can easily download the TradeSanta app and get immediate access to your TradeSanta desktop dashboard along with many indicators like all-time profit, total balance, today’s profit, the number of active bots, your plan type, and many more. It lets you track your bots’ performance with the help of informative bot cards.
Plans Available on TradeSanta
If you have liked TradeSanta’s free plan and wish to join it to earn money passively, then three types of plans are available on the platform. Along with unlimited trading pairs, telegram notifications are common. The plans are as follows:
| Basic ($25 per month) | Advanced ($45 per month) | Maximum ($90 per month) |
|---|---|---|
| Up to 49 Trading Bots | Up to 99 Bots | Unlimited Number of Bots |
| Unlimited Trading volume | Trailing Take Profit | Trailing Take Profit |
| Unlimited Number of Trading Pairs | Unlimited Numbers of Trading Pairs | Unlimited Numbers of Trading Pairs |
| All types of Trading Strategies | All types of Trading Strategies | All types of Trading Strategies |
| TradingView Screener Signals | TradingView Screener Signals | |
| Custom TradingView Signals | ||
| Future Bots |
TradeSanta Referral Program
There is an exciting referral program available for TradeSanta users. At TradeSanta, you can make money by trading crypto and earning profit from TradeSanta Referral Program. This reward-based referral program gives 20% off every purchase made by new users.
The only thing you need to do is to share your referral link with your relatives and friends. You can quickly join this referral program after completing the three following simple steps:-
- Open the Settings section of the menu after logging into the account.
- Copy the provided referral link and send it to your friends.
- When one of them purchases the plan, you receive money for the referral balance.
Income earned by the referral program can be used for other TradeSanta services or withdrawn to the wallet. You can transfer any amount to TradeSanta balance; it does not impose any minimum balance requirement, but a minimum withdrawal limit is applicable. At least $30 should be in your balance to withdraw the amount from the external wallet.
TradeSanta Customer Support
The TradeSanta support team has made it possible to make their customers happy by serving them through various channels, including email, live chat, and knowledge base. You can contact the support 24/7 via email at [email protected] or via Telegram.
The mobile app offers in-platform support through the Live Chat option, and the live chat team is rapid and responsive. You can also visit the FAQ page on the official website for general queries. The performance of the TradeSanta team is entirely satisfactory; they are trained professionals and solve all the questions efficiently.
TradeSanta Review: Conclusion
This TradeSanta review concludes that it is a cloud-based platform for crypto trading, providing automated trading bots, tools, and services for cryptocurrency trading on the most popular crypto exchanges.
It allows the traders to easily create and backtest a trading strategy, user-friendly interface, manual trading strategies, API keys, different types of bot options (grid bot and DCA bot), trading pair, set-up alerts, and automated trades based on predefined rules.
TradeSanta offers 4 different plans to simplify crypto trading to meet other users’ needs. It provides good support to the customer through email, live chat, and a knowledge base.
Whether TradeSanta is a good trading bot to choose while looking for automated trading software for you or a particular user depends on their specific needs and goals. It is always important to carefully consider its features and capability, doing your research before using it. As with any investment advice, there is the risk of losses when trading cryptocurrency with a robot, and it is essential to understand the risks.
FAQs
Is TradeSanta Legit?
Yes, TradeSanta is a legitimate cloud-based platform that uses two-factor authentication for the login process and an API key to grant trade permissions. It never gives withdrawal permissions. Its crypto bots only place orders on the client’s behalf and never withdraw funds from the client’s account.
How Long Does It Take to Set Up a Trading Bot on TradeSanta?
It takes less than 10 minutes to get started with TradeSanta. It also depends on how user-friendly the platform is, while some may require more time and effort to configure.
Is TradeSanta a crypto exchange?
No, it’s a program created to automate your cryptocurrency trading.
How many trading pairs are available?
Except for the Free plan, all plans include unlimited trading pairs.
What Kind of Support Options Does TradeSanta Offer?
It offers email support, a live chat option, and a Telegram messaging facility. According to the company’s website, its customer support team is available 24/7, dedicated to providing quick and helpful responses to user inquiries.
Does TradeSanta Offer a Free Trial?
Yes, it offers a free trial version, but it provides access to only up to two bots. The free trial allows new and experienced traders to evaluate the platform and see if it meets their needs.