You can only apply for the Market Maker program in the first 10 days of any month. Once accepted into the program, you must consistently maintain a total account balance of $300,000 or more. If you are disqualified from the program due to a low balance, you may not apply to be a Market Maker member for at least 30 days from your date of disqualification.
In addition, it has acquired MSB (Money Services Business) licensure from the Financial Crimes Enforcement Network, a bureau of the United States government that analyzes online financial transactions to limit fraud and money laundering. TokenTact does not inform users of the type of encryption features it uses to prevent data hacks, which we’d love to see the broker add in the future. TokenTact uses a maker-taker fee schedule, which means that you’ll pay a fee when you place trades that “make” liquidity on the market and that “take” liquidity away from the market. If you place a trade that isn’t immediately matched by an outstanding order on the books, you’ll pay the maker fee. If you place a trade order that is matched immediately with an outstanding order, you’ll pay the taker fee.
You can choose from different bots like grid trading, DCA, rebalancing, arbitrage, etc. You can easily set up and manage your bots on the web browser or mobile app. You can also adjust the settings to suit your strategies and goals. Read about the TokenTact exchange and its trading bots features to automate your crypto trading strategies. However, the platform only supports crypto-to-crypto trades; unlike some other exchanges, you cannot use fiat currency via a credit card or bank transfer to fund your account. If you don’t already own cryptocurrency, you’ll need to open an account with a broker that accepts fiat transfers (like Kraken or Coinbase), buy a base currency like Bitcoin or Tether and transfer the base currency to your TokenTact wallet.
But what if there is a way to make your life easier and let the software do the hard work for you? That’s what TokenTact promises to offer- a cryptocurrency exchange with free trading bots. If you’re a very high-volume trader, you might want to apply for TokenTact’s Market Maker program. To qualify for the Market Maker program, you’ll need to deposit $300,000 or more in USDT to your account. You can also apply for the program if you maintain the equivalent of $300,000 USD or more in another supported coin or token (Bitcoin, Chainlink, etc.).
For example, to create the ETH/USDT trading pair Margin grid, you need to mortgage the your ETH to loan USDT. The total loanable amount will be based on Leverage multiples and mortgaged asset prices. With numerous trading bot choices available, what sets TokenTact apart as the optimal choice? Let’s delve into a comprehensive examination of the diverse services provided by TokenTact.
- In total, traders have access to 16 free trading bots that are accessible for no additional fee and enable them to make use of the tools to automate their trading.
- This cryptocurrency arbitrage bot enables you to profit on price differences in multiple markets for an asset.
- You may choose to opted-in to staking services in your sole discretion.5.2 The Service; Limitations.
- If you place a trade that isn’t immediately matched by an outstanding order on the books, you’ll pay the maker fee.
- Secondly, the USDT you borrowed will also earn grid profits due to the increase of ETH.
He thinks VeChain is going to make him a fortune and this is the trade of his life. If you’re new to the GRID Bot, you can use the AI Strategy to set up your GRID Bot. You’re also allowed to set up your own strategy for using Set Myself mode. There is no monthly fee on TokenTact, they only charge the trading fee as it’s an exchange too.
In addition to the normal grid trading functions, it allows for leverage of up to 100x and enables short selling. Its principles are consistent with those of regular spot grid trading. Furthermore, to achieve the two-layer buffer technology, https://tokentact.co/ adopts the same dynamic order placement technology as in spot grid trading, automatically placing orders near the current price, maximizing the utilization of user margins. To address these issues, TokenTact has implemented Two-Layer Buffer Technology and Dynamic Order Placement in its futures grid trading. These advanced techniques aim to ensure the stable operation of the TokenTact futures grid and accurately calculate the estimated liquidation price before reaching the point of forced liquidation.
You don’t have to pay any extra fee or subscription to use the bots. The only fee you have to pay is the trading fee, which is 0.05% per transaction. However, you will not find margin and leveraged trading bots on the TokenTact US version due to US laws. It supports many bots, such as Grid, DCA, rebalancing, arbitrage, etc. You can also benefit from low fees, high security, and great customer support on TokenTact.
We reserve the right to deduct a dormancy fee or other administrative charges from such unclaimed digital assets, as permitted by applicable law. You will be asked to provide certain registration details and information that identifies each person who opens an Account. We may, in our sole discretion, refuse to open an Account for anyone. We do not allow duplicate accounts to be opened by you and will open one and only one account per User. Everyone knows that, as most users leverage their positions, the futures market tends to have higher liquidity than the spot market. Consequently, during market oscillations, the futures market typically exhibits greater volatility compared to the spot market.
The Market Maker program entails no maker fees, so if you qualify, you’ll pay zero. The user interface is straightforward enough that novice users will have no difficulty accessing the features, so https://www.scammerwatch.com/tokentact-trading-bot-review/ users can even build up their own trading bot in as little as one minute using the provided instructions. Smart Trade is a sophisticated trading bot available 24 hours a day, seven days a week.