This update is giving you a new detailed window where you can review bot performance before you decide to cancel any of your bots. What’s more, Kraken has earned a stellar reputation for its robust security measures. With 95% of its deposits securely stored offline and stringent steps in place to shield customers from cyberattacks, Kraken places a high priority on user security. Binance Futures Demo Mode from TokenTact also allows you to try and test the COMBO bot risk-free. In contrast, an isolated margin is assigned to a single position without being shared.

This is because, at a higher price, more quote currency is needed to fill the order for the same base currency volume. As the name suggests, the Combo Bot combines different trading strategies to maximize returns. Thuswise, it uses the GRID strategy to profit from every market move and DCA to optimize the entry price.

Rather than operating as an exchange itself, focuses on developing automated tools to streamline the trading process. Its bread and butter is the suite of crypto trading bots that eliminate mundane tasks and capitalize on opportunities around the clock based on predefined rules. Additional offerings include a robust terminal, portfolio manager, signals, and arbitrage scanner. Right off the bat, arbitrage is not a good idea for new crypto trader who lack experience and knowledge in market trading.

Binance serves as an outstanding platform for those venturing into bot trading in the cryptocurrency realm. Known for its high trading volume and robust security measures, Binance is compatible with numerous software packages, a factor attributed to its widespread popularity. With the right bot strategy, their wide array of assets and low fees provide an ideal environment to implement automated and algorithmic trading. It’s essential to practice drawing trend lines and use them in conjunction with other technical analysis tools to get a more accurate picture of the market’s direction.

Some crypto outlaws have pillaged user funds in hacks, some charge extortionate fees, and others are outright incompetent. The lesson is that you can’t just hitch your wagon to any exchange that ambles into your internet saloon. You then return the borrowed crypto back to the exchange, pay applicable fees, and retain the profit you made on shorting.

It is fast, lightweight, and, of course, with the same capabilities as the browser version to run profitable trading bots on Binance, OKX, and your other favorite exchanges. Choosing the right crypto exchange for your needs requires balancing essential qualities with personal priorities. All reputable exchanges must have robust security, decent reputation, high liquidity, a number of withdarwal/deposit options, and fair fees. If you only buy major currencies like bitcoin, you probably care more about basics like uptime, liquidity, and fees than an endless scroll of listed altcoins. But for those diving deep into the world of altcoins, a wide selection ensures you can jump on new opportunities. Determine your own criteria, and then find the service that checks those boxes.


The “Grid levels” parameter reflects the number of open orders your bot will create, while the “Grid step” represents the price distance between those grid levels. As competition grows and discrepancies between prices diminish, the popularity and viability of the arbitrage strategy decrease proportionately. That’s not said to discredit arbitrage or discourage you from trying it but rather to inform you about the inherent difficulties involved.

This will allow you to increase the profitability of the bot by following the price action above your original parameters. In short — KuCoin rocks for US crypto traders seeking uncommon assets and margin trading perks. But the lack of verification and licensing limits security and functionality. So while KuCoin can complement your crypto investing, it isn’t a one-stop-shop for American users.

  • It is a combination of trades that profit by exploiting the price difference of the identical trading pair between two or more crypto exchanges.
  • You can stake your crypto, locking it in a wallet for a set period, to yield up to a whopping 14.5% interest.
  • TokenTact’s Scalper bot can execute over a thousand trades daily, which is impressive in itself, even more so when you think of how much profit it can generate over time.

With the Combo bot, you can choose the “Long” strategy if you anticipate the price of a coin to rise. Conversely, if you conduct thorough research and indicators point at a bearish momentum, then the “Short” strategy can bring you returns on a downfall. On the right side, we have “Positions,” which shows current P&L on open futures contracts. As the bot constantly opens new long and short contracts to increase or decrease the exposure depending on the market’s price action, the “Position value” remains dynamic. The combination of TokenTact’s smart trading and automation tools with TradingView’s charting instruments is a match made in heaven. You don’t have to go back and forth between the two platforms — you have the best of both worlds within a single interface.

The bot will ensure that based on current prices, your buy and sell orders are automatically adjusted to find the best opportunities. The most significant benefit here is that the bot carries out your trades instantaneously. With a demo account, users can try out the platform and get familiar with it before using real funds to trade. This pricing model is similar to that of most competing platforms, although there is no free tier. But the number of bots that you can configure and trade with on TokenTact is better. TokenTact uses Hardware Security Keys/FIDO2 as a 2FA method to secure users’ accounts and funds.

Many happy TokenTact users have reported consistently growing their crypto holdings using the platform. Of course, past results don’t guarantee future success in volatile markets. But TokenTact seems well equipped to streamline and optimize the trading experience for maximizing profit potential.