TradeSanta Review 2024
If you’re a day trader then you are part of a long-standing trading tradition that spans across financial markets. This includes cryptocurrency, it’s not just stocks and commodities.
The fluctuations between the digital coins offers traders ample ways to enjoy gains in the crypto markets.
As reliable as day trading is known to be for propagating consistent gains and income, it’s as time-consuming as it is reliable for traders.
This is one aspect of all trading markets that deter people from trading even though there are many benefits of this kind of income generation.
One of the things that help with the time-consuming tasks of day trading is trading bots. In this instance, we are discussing cryptocurrency trading bots that work much like conventional trading bots.
After all, these bots were initially created for the stock market. The full burden of trading can somewhat be lifted off your shoulders when using crypto trading bots.
Today, crypto trading bots are popular and helpful in the digital asset trading arena.
One such trading bot is TradeSanta, which we will be reviewing for your consideration today. This tool says it makes it easy for users to trade.
Let’s see how it stands up in this industry of trading bots.
Top-rated Crypto Trading Bots
| Rank | Crypto Bot | Price |
|---|---|---|
| 1 | Bitsgap | 7 DAYS FREE |
| 2 | Coinrule | Visit |
How Long Has TradeSanta Been in Business?
2018 is the year that TradeSanta made its appearance. However, it didn’t gain much traction in the cryptocurrency community until 2019.
This platform is designed to automate the cryptocurrency trading process for traders. So, instead of having to sit at your computer as you watch the market fluctuate, TradeSants will monitor and place orders as you have set it to do for you.
This cryptocurrency trading bot offers presets for trading that relies on market trends. This system also ensures that trades are handled via platforms that are trusted and reliable.
With several crypto trading bots still using the download and install the program, TradeSanta offers a totally online version of its interface right from the cloud.
There is nothing to download and install on your computer.
What Kind of Reputation Does TradeSanta Have?
It’s only been recently that this automated cryptocurrency trading service became better known in the crypto community.
This is believed to be mostly due to seasoned conventional traders who are moving into crypto trading who want something easier to use than most crypto trading bots these days.
Also, because the crypto community has been crying out for more sophisticated tools.
So, that is why there aren’t many reviews or much information for this platform yet. It often takes users some time before they review these services.
Fortunately, its ease of use and functional interface has attracted the right people for whom this system is designed. Plus, the trading tools and settings add to the appeal of this platform for cryptocurrency trading.
What Exchanges Does TradeSanta Support?
Don’t think that just because this platform is exclusively operated from the cloud that this trading service isn’t well-equipped to support not only the popular exchanges, but also a few lesser known exchanges that show promise.
A few of the exchanges supported by TradeSanta include:
- UPbit
- Binance
- BitMEX
- OKEX
- Huobi
- Bittrex
- HitBTC
- Bitfinex
As this platform grows and gains popularity in the crypto community it’s almost a given that there will be more added to the supported exchange list.
How Much Does TradeSanta Cost?
TradeSanta is much like other cryptocurrency trading bots that offer multiple plans. In this case, there are three plans starting at free.
Free Plan: You get 5 free bots with this free plan. You also have access to unlimited trading pairs (depending on the exchange you’re using).
Access to all strategies and Telegram notifications come with this free plan. While there is no dedicated support manager for day-to-day queries, this plan does provide basic customer support. For instance, you can reach out on Telegram.
Basic Plan: For $15 per month, you get access to 49 bots. The other features are the same as with the free plan.
The price increase from the free plan to the basic plan is essentially due to the access to several more bots.
Maximum Plan: This is the third and highest tier of plans on TradeSanta. This one costs $100 per month and features unlimited bots, dedicated support, and everything from the other plans.
This plan is suitable for day traders who like to change their trades often or who regularly trade in large cryptocurrency amounts.
Prior to signing up for services on this platform, you can start with the 14-day trial for the Basic plan.
So, you get access to 49 bots for 14 days for free before the program reverts to the 5 you get with the free plan.
This pricing structure is competitive for the Basic plan, but the heftier price for the final tier plan may deter day traders from partaking.
However, the final tier isn’t an urgent issue right now since what this platform needs is signups for the free and Basic plans so traders will try it to find out if they like it.
Once a trader likes it, they either pay more for an upgrade, or stay with the signup plan and enjoy the trading.
Top-rated Crypto Trading Bots
| Rank | Crypto Bot | Price |
|---|---|---|
| 1 | Bitsgap | 7 DAYS FREE |
| 2 | Coinrule | Visit |
Performance Metrics
Ease of Use: The cloud service interface looks much like the conventional download and install programs, which is nice since that is what people are most used to seeing. That makes it easier to navigate and use.
This is likely one of the reasons it’s becoming popular with experienced traditional traders who are expanding their portfolio into cryptocurrency.
With an easy to use interface, the settings, features, and strategies are easily found and implemented. It doesn’t take long to learn how to use this interface and platform.
Settings: Anyone who is already familiar with the terminology, tools, settings, and functions will feel comfortable in this program.
Usually, a new trader would require a tutorial before getting involved in this kind of trading, but TradeSanta has not provided one as of yet.
Because it’s easy to use, easy to navigate, and easy to understand, the people behind this platform probably didn’t think about offering a tutorial.
That said, anyone who feels uncomfortable with this technology and cryptocurrency trading may want to do some research and learn a little before engaging on this system so you can use it to its highest and best use.
Some of the most popular settings include:
- Preset Templates: Select from multiple strategies and tweak to your needs.
- Technical Indicators: Volume Filter, Bollinger Signal, and Trade Filter.
- Extra Orders: These are for when your case market trends aren’t working out according to planned. You can buy and sell through extra orders.
- Long and Short Orders: These orders are designed to follow the market trends and implement transactions based on your preset strategies.
This platform makes it easy to use the preset templates for building your baseline and then you can set up your bots for signals, indicators, and other tasks.
Security: TradeSanta follows proper protocol for security. They don’t have any direct access to your funds, nor can this system control them.
You are the only one who can withdraw funds. It’s advised, by the program, to use API with restrictions in place to prevent any access to your account. Nothing can be transferred without your permission.
Another layer of protection comes in the form of two-factor authentication to further ensure your security.
You must verify through this authentication via multiple devices before you can log into your account with your password. So, yes, there is viable and effective security.
Customer Support: There might be a few things in this area of the service that could be more difficult than some of its competitors, but there are support tools available.
There is a live chat feature, but we understand that it’s not immediately responsive to queries. The FAQ page isn’t much help, but there are some blog posts that feature some information about the use of this tool.
Just keep in mind that this information may be challenging to find, but it’s there. We are not sure about the Telegram presence and whether it offers support.
It does look like there is information shared there in an active manner, though not daily.
Profitability: Since this platform conforms to the industry standards, there are no guarantees or promises of any level of profitability from using this trading bot.
However, there is information to help you make trades easier. This kind of transparency is what every trader wants to see.
They don’t want promises that cannot be kept. After all, your strategies and trades are ultimately up to you. There is no way to make such promises in such a volatile market.
Review Conclusion
If you are interested in this cryptocurrency trading bot, we can say that it is suitable for novice and seasoned day traders.
There may be a little learning curve in finding what you need to succeed, but otherwise, this program is easy to use.
If you are seeking alternatives for cryptocurrency trading services, we recommend Bitsgap and Quadency for ease of use, security, and customer support.
Jonathon Spire
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