TradeSanta is a cryptocurrency trading bot that trades on many exchange platforms like Binance, FTX, etc. It has a cloud-based interface, and traders can set up their algorithms or use ready-made templates within the interface. To determine if the service can be profitable for traders we will be going through its marketplace, FAQs, and pricing section in our review.
Some unique tools and features of TradeSanta bots include:
- Multiple trading support
The bots support futures and spot trading on the platform.
- Built-in templates
Traders can use ready-made templates. There is no need to produce your own algorithms via custom coding.
- Extra orders
TradeSanta bots enable investors to execute additional buy or sell orders to minimize the impact of sudden fluctuations.
- Demo funds
It is possible to test bots’ performance on a demo account without investing real funds.
Verdict: Full support for bull and bear markets on multiple cryptocurrencies.
How to start with TradeSanta?
To start trading with TradeSanta, they need to follow these steps:
- Register on the platform and verify your email address
- Choose a trading bot (grid or DCA) from the dashboard
- Select your exchange and link API keys
- Configure your bot setting, like trading pairs, and template
- Save the setting and run the system
TradeSanta offers three monthly and annual subscription plans. It provides a free trial and accepts payments via Visa, Mastercard, American Express, and cryptocurrencies.
$15/month, $25/year with 49 bots and an unlimited number of pairs.
$27/month, $45/year, 99 bots with all strategies and Telegram notifications.
$35/month, $70/month with an unlimited number of bots/pairs. Traders get Telegram notifications and trading view signals for different exchanges.
Minimum first-time deposit requirement
The first minimum deposit depends on the exchange and trading pair. Traders can start with as low as $11 to buy/sell cryptocurrencies.
The platform does not provide details about the process of the fund’s withdrawal. This is a poor approach by the developers.
What about subscription fees and commissions?
Trade Santa does not charge any hidden fees or commissions from traders other than their subscription plans. It depends on the exchange policy. The basic plans come at $25/month with support for 29 bots while the advanced options are at $45/month with 99 bots.
Customer reviews for TradeSanta are present on trusted third-party platforms like Trustpilot and Cryptogeek. A user writes that it is a scam and steals users’ funds.
Another customer comments that they have been using the product for a while now and are thankful for the support.
TradeSanta was launched in 2018 by TradeSanta global limited, a BVI business company. There is no mention of a team of experts or developers that raises concerns about the platform’s reliability. A community of traders can be seen on Telegram with 4200 members.
What exchanges does TradeSanta support?
TradeSanta bots support trading on the following exchanges:
Is TradeSanta secure?
TradeSanta provides security with API keys, and they cannot access traders’ funds. They only work with reputable exchanges to enhance the safety of the accounts. Investors are in complete control of their assets and are advised to use 2FA to protect their portfolios.
Is it a regulated crypto trading platform?
We do not know if the platform is regulated as there is no information on their website. As it is an automated trading service there are no financial authorities presiding over its activities.
How does TradeSanta work?
Traders can edit the setting of the bot, and once it is ready to trade cryptocurrencies, it will open transactions based on signals from technical indicators. For the first order, TradeSanta purchases the quantity of base currency specified by the user in the settings. When the initial order is executed, and the transaction is open, the robot places the take profit order and other extra positions.