TradeSanta

4
The TradeSanta is a competitive crypto trading platform that constantly runs innovative features.
Parent company:
Private
Type:
Crypto Platform
Release Year:
2018
Price:
$14-30/month
Open an account Read full review

Summary

Overview

TradeSanta has been on the crypto automated trading market since 2018. It is a cloud-based software that offers crypto trading bots for different crypto exchanges. It is one of the most efficient tools for crypto traders who don’t have much time to dedicate to daily trading. The TradeSanta crypto bot is executing trades on behalf of its users by following the preferences and strategy choices. There are no limits to how many trading bots you can create at Trade Santa and you can set up as many custom settings as you like. This TradeSanta crypto bot review will cover the advantages and disadvantages of the platform, available cryptos and supported exchanges, specifications of the trading robots, as well as TradeSanta pricing.

Pros
  • The six most popular crypto exchanges are supported: Binance, Bittrex, Bitfinex, HitBTC, Upbit, and Huobi. OKEX, Huobi, and BitMex will be implemented soon.
  • Free or Minimum Plan available with no cost enabling access to two trading bots, general support, and unlimited exchange-listed pairs
  • Simplest set up procedure with API keys connecting the existing crypto-exchange wallet. Registration takes a maximum of 5 minutes
  • Users can test the platforms and services of TradeSanta by signing up for the 5-day free trial version of the TradeSanta crypto bots
  • Dedicated customer support and an active Telegram community where users can get answers to any questions immediately
Cons
  • Some of the most popular and highly liquid crypto exchanges are not supported at the moment with TradeSanta including Kraken, KuCoin, and Gemini
  • TradeSanta is not an open-source bot, which means that users cannot test its algorithmic trading before they commit to the platform
  • TradeSanta does not suit arbitrage opportunities and it lacks the support for any decentralized cryptocurrency exchanges

Full review

TradeSanta Company Overview

TradeSanta, a popular cloud trading software was established in 2018. The company has its main headquarter in Yerevan, Armenia. The size of the company does not have 50 employees, however, all of them are proficient traders with more than 20 years of experience. TradeSanta has a revenue of 5-10 million US dollars annually and is held privately.

This crypto trading software has grown its user-base exponentially since its launch in November 2018. Currently, the platform accounts for over 4,500 trading bots designed by the users, and more than 250,000 deals completed successfully. The company is regularly audited by top-tier auditing companies and is transparent enough to claim the reputation of a reliable crypto automated trading platform. The company is frequently featured on famous media websites such as BuzzFeed, CryptoGeek, CoinTelegraph, etc.

Apart from delivering high-quality platforms and trading support, the TradeSanta team works actively to provide educational tools, support communities, and guaranteed safety. For instance, the platform has its own TradeSanta blog where users can acquire knowledge regarding crypto trading, automatization of trading, various currencies, and popular exchanges. They can reach coin analysis, service reviews, guides on commissions in trading, and so on. The massive Telegram chat community is another place where TradeSanta clients can get information and assistance immediately from crypto professionals and advanced traders registered at the platform.

Cryptos & Trading Platform


TradeSanta supports several most popular crypto exchanges including Binance, BitFinex, UpBit, Huobi, HitBTC, and Bittrex. The company promises that more are coming to be featured on the platform, notably two of the largest crypto platforms – Kraken and KuCoin. TradeSanta also features various technical indicators and tools at the disposal of platform users. These indicators allow traders to set up two types of bots – Grid and DCA. Essentially, these two crypto trading bots are very similar. They both place the buy order along with extra orders in case the price moves against the original order. However, Grid bot places take profit order separately for each buy order, whereas DCA bot will place a single take profit order for all buy orders executed.

TradeSanta has one of the most diverse crypto portfolios supported on its platform for its clients. The crypto bots of TradeSanta offer dozens of cryptos but these are the most popular ones:

  • ADA
  • BNB
  • BTC
  • DOGE
  • DOT
  • EOS
  • ETH
  • LINK
  • MATIC
  • RUNE
  • SXP
  • XRP
  • DASH

These cryptos can be traded in various pairs including fiat currencies, crypto-to-crypto (the most popular pair is Bitcoin Cash or Bitcoin). Since, TradeSanta provides access to Binance, Binance Futures, and Binance US along with other massive exchanges like CoinBase or UpBit, traders can choose thousands of pairs tradable with TradeSanta crypto bots.

TradeSanta Crypto Bot Overview


As we have already mentioned, TradeSanta users can use two types of crypto trading bots – Grid bot and DCA bot. The main difference between these two is how taking profit is allowed – separately for each buy (Grid) or average price for all buy orders (DCA). Several features of TradeSanta crypto bots are highly convenient and attractive for automated crypto traders including the Extra Orders feature, multiple strategies, and technical indicators.

Extra Orders

When your bot places your original buy order it will also open extra orders which serve as an opportunity to make money even if the market moves against your initial trade strategy. The bot will place extra orders as soon as it tracks the fluctuation in the market causing price movement in the opposite direction of your trade.

Strategies

Crypto trading bots at TradeSanta allow users to choose between several trading strategies. You can choose long strategies or short strategies and even choose a combination of both to be run simultaneously. TradeSanta bot will then choose either a short or long strategy according to the price movement of your asset.

Technical Indicators

TradeSanta supports several filters as technical indicators to ensure that all of its bots enter the market at an optimal time. The available filters on the platform include Volume filter, Daily filter, and Bollinger signal. However, users can choose all three filters simultaneously, as well. MACD trend filter is based on the past 100 minutes of a trading pair, RSI filter is a momentum indicator for notifying if stock is oversold or overbought and Bollinger signal tracks pair for past 1.5 hours on a 5-minute timeframe.

Is TradeSanta Worth It?


TradeSanta is relatively cheap compared to other crypto trading robots on the market. It offers several subscription plans with fixed monthly payments and respective benefits. The traders can also choose a free plan which would give them access to five different bots. However, free plan users cannot get in touch with a dedicated customer support representative in contrast to other plan subscribers. They can only seek assistance from general support.

The Basic TradeSanta plan offers up to 49 bots. Its service package includes an unlimited number of crypto pairs, all supported strategies on the platform, as well as technical indicators, Telegram notifications, and a dedicated customer service representative. The Basic subscription plan costs 15 US dollars per month.

HitBTC Promo Plan is a premium package with TradeSanta offering non-commissionable trading on HitBTC. The number of bots available is limited to 49 bots. On the other hand, there is no limit on the number of crypto pairs or strategies used. All the services available at Basic plan are included along with a personal customer care representative. The HitBTC Promo Plan costs 20 US dollars per month.

The Maximum plan of TradeSanta offers no-commission trading on HitBTC. The users of a Maximum plan can design unlimited amounts of trading bots and can access unlimited crypto pairs. All strategies and technical indicators, as well as trading tools, are supported in the plan. Telegram notifications and dedicated customer support care representatives are also included. The price of the Maximum Plan is 100 US dollars per month.

Final Remarks on TradeSanta Bot

TradeSanta is developing gradually and gaining more and more users throughout time. The TradeSanta bot is a competitive crypto trading platform that constantly runs innovative features in the alpha testing phase, such as TWAP and VSWAP features soon to be added to the platform. Furthermore, it is expected that TradeSanta crypto bots will soon feature BitMex AND OKEx exchanges with potential partnerships with KuCoin and Kraken. TradeSanta pricing is highly convenient for users with an option to subscribe to a flexible free plan, as well.

Frequently Asked Questions on TradeSanta

How do I set up TradeSanta?

Setting up TradeSanta requires several steps that take up to 5 minutes maximum altogether. As you go through the registration procedure at the TradeSanta platform you will have an option to choose Grid or DCA bot. Afterward, you should choose an exchange that your bot will trade on. You will have to get an API key and secret key from your exchange to plug those details into an access point at the TradeSanta platform. As soon as you connect your exchange with TradeSanta you are ready to launch your bots, choose your strategies and cryptocurrency pairs for trading.

How does TradeSanta work?

TradeSanta offers two types of crypto bots – Grid or DCA. Both of these bots operate in a way that minimizes the risks of your losses. Along with an original buy order, they will place extra orders to make sure that you still profit even if the market goes in the opposite direction of your initial trade. Furthermore, these bots use several technical indicators and signals to enter the market at an optimal point. The traders can choose either long or short strategies or both simultaneously and bots will decide which one to follow depending on the price movement across the market.

More reviews

MT4 NexGen
Parent company:
AxiCorp
Type:
Trading platform
Release Year:
2014
Price:
free
Open an account
Monfex
Trading Platform:
MT4
Max Leverage:
1:400
Markets:
Forex, Stock CFD, Crypto CFD, Indices CFD, ETFs
Regulations:
Non-regulated
Min Deposit:
$250
Open an account
Orbex
Trading Platform:
MT4
Max Leverage:
1:500
Instruments:
FX, CFDs
Regulation:
CySEC
Min. deposit:
$500
Open an account
Degiro
Trading Platform:
Proprietary
Max Leverage:
1:1
Instruments:
Stocks, CFDs, Options, Crypto
Regulation:
AFM, DNB
Min. deposit:
0
Open an account
TD Ameritrade
Trading Platform:
Proprietary
Max Leverage:
1:1
Instruments:
Stock, ETF, Forex, Fund, Bond, Options, Futures
Regulation:
SEC, FINRA
Min. deposit:
$0
Open an account

🍿️ Discover your path to a 100% yearly returns over the convos with Chris Svorcik!

X