TradeSanta is a cryptocurrency trading platform that claims to let you trade faster and get the most out of your trades. As per the vendor’s claims, it is suitable for newcomers as well as traders who possess a bit of experience.
About TradeSanta
TradeSanta is a versatile platform for crypto trading that offers trading bots, signals, and a terminal where you can conduct trades on multiple exchanges. It supports some of the most well-known exchanges and has all the necessary tools required for a trader to get better results.
TradeSanta crypto trading bot: how does it work?
After you are done setting up your bot, the platform will automatically open an order immediately or after receiving a signal from technical indicators. You decide in the settings how much base currency the bot purchases. In case the price moves in the opposite direction, extra orders are placed and executed. Also, the take profit level is reduced.
How to set up TradeSanta?
After registering through the website, you need to establish an access point and configure the parameters of the trading bot. You choose a pair, a trading strategy, along with the take profit level. There is a wizard that guides you through the process.
Key takeaways
This platform uses multiple technical indicators like Bollinger Bands, MACD, and RSI for making optimal entries. You can launch the bots with long and short strategies at the same time, and this allows you to cover all directions. This platform lets you build spot and futures bots where you can trade with leverage. It has ready-made templates that allow you to launch a bot within a few minutes. You can also build strategies from scratch.
User interface
On the website, the vendor has clearly explained all the features. The user interface is easy to navigate for all kinds of users.
Trading strategy behind TradeSanta
It is possible to take profits for each order separately in a grid or use the DCA strategy to average all orders. For exits, you can use stop losses. When there is a market fluctuation, you can use extra orders to purchase or sell more coins at the current price.
How profitable is TradeSanta?
Profitability in the crypto market depends on a number of factors including market sentiment and the chosen strategy. Thankfully, this platform has stop signals, stop loss, and trailing stop loss for managing risks.
Safety and security of TradeSanta
The platform does not store your assets and it uses API keys to establish secure connections with exchanges. This means the user has full control over their assets.
Customer support
If you require assistance, you can get in touch with the support team at the official email address. TradeSanta also has its official Telegram channel where you can seek help from community members. Alternatively, you can send your feedback using the contact form on the website.
Reputation
This platform was launched in 2018 and it boasts a community consisting of thousands of members. In 2020, it expanded the markets by connecting new exchanges and introducing advanced trading tools.
Team members
Unfortunately, there is no information on the team members. The vendor has not shared any background information on the traders and developers and we don’t know whether they have the required experience.
Exchange compatibility
At this moment, the platform supports top exchanges like Binance, Okex, Coinbase Pro, Huobi, Binance Futures, HitBTC, and ByBit. On the official website, it is mentioned that the platform will soon include support for Kraken and FTX.
Pricing details
There are currently three pricing plans for this crypto trading platform. The three plans are known as Basic, Advanced, and Maximum. With the Basic plan, which costs $15/month, you can use up to 49 bots. The Advanced plan lets you use 99 bots and also offers TradingView signals for $27/month. With the Maximum plan, you can trade in Binance Futures and access an unlimited number of bots for $35/month. The plans are quite affordable and each of them comes with a free trial.
TradeSanta review: upsides and downsides
| Upsides | Downsides |
| Spots and futures trading capabilities | No information on team members |
| Preset templates for building bots | Free trial only available for three days |
| Dedicated customer support team |
TradeSanta review: final remarks
TradeSanta is a platform that is suitable for traders of all levels. New users can immediately get started thanks to the readymade templates that make it easy to build bots. Pro traders can build their customized strategies using multiple indicators. The pricing plans are pretty flexible, however, the trial period is too short.
