TradeSanta is a website and app offering crypto trading signals and automated trading system that supports multiple exchanges. Here, you can build your own bots or select one from a list of best-performing systems. In this TradeSanta review, we shall try to determine whether it is a worthwhile investment.
The parent company behind this platform was launched in 2018. In 2020, it connected to new exchanges and introduced some high-end trading tools. The vendor has shared the official email address and the link to the official Telegram channel. However, we don’t know where the company is located and the identities of the development team have not been revealed.
TradeSanta quick summary
Here are the major aspects of this bot:
- Both short and long trading bots
- Risk management through stop signals, trailing stop loss, and stop-loss
- Preset bot templates
- Take profit targets
- Demo accounts for testing strategies
- Spot and futures trading
What does TradeSanta offer?
It takes only ten minutes to set up this system. You can begin with only $10 or use a demo account to test your strategy before investing real money. This platform supports all the popular crypto coins. To ensure security, it does not store any of your money. The robots are connected to your exchange account via API keys and they cannot withdraw or deposit money. As such, the user has complete control over their funds.
Each time you refer a friend to this platform, you get a bonus of up to 20%. You can trade on the go thanks to the Android and iOS mobile apps. It is possible to conduct leverage trades on this platform and build bots that are ideal for futures and spot markets. Whether the market is uptrending or downtrending, you can find a bot that will let you capitalize on the market scenario.
There are many reviews for this platform on the web and most of them are positive. Thus, we can say that it has an excellent reputation.
What crypto exchanges are supported?
Here is a list of exchanges you can connect to:
- Binance Futures
- Binance US
- Coinbase Pro
There are three pricing plans for this platform, namely Basic, Advanced, and Maximum. You can subscribe to these plans for $15/month, $27/month, and $35/month, respectively. The Basic plan lets you use up to 49 bots and the Advanced plan lets you use 99. For the Maximum plan, you can use an unlimited number of bots. There is a 3-day free trial of the Maximum package for new customers.
Security and privacy of TradeSanta
The website undergoes frequent security audits and it only works with reputed exchanges. It is not possible for the bots to access your funds.
Are traders happy with TradeSanta?
On the Trustpilot website, this platform has a rating of 4 out of 5 based on 40 reviews. Thus, it is clear that most users consider it reliable. Users have praised the intuitive design of the platform along with the Telegram and TradingView integration.
Profitability of TradeSanta
The profitability of the bots depends on your skills and experience. You need to consider the hazards and test your trading plan properly before using it for live trading.
Deposits, withdrawals and fees
There are no deposits, withdrawals, or hidden fees for this platform.
Advantages of TradeSanta
Here are the advantages of this system:
Unlike other crypto trading platforms, this one doesn’t have overly complex functionalities. This makes it suitable for beginners.
New users can benefit from the readymade bot templates because they don’t need to build trading systems from scratch.
Compared to other platforms, the pricing plans are quite affordable. You can enjoy advanced features without breaking the bank.
Disadvantages of TradeSanta
Let’s look at the disadvantages of this trading bot:
Limited number of exchanges supported
We can see that the list of supported exchanges is quite small. Notably, the platform is not compatible with decentralized exchanges.
Short trial period
The trial period for the Maximum plan lasts only 3 days. It is difficult to gauge the performance in just 3 days.