TradeSanta Review. The Easiest and User-Friendly Crypto Trading Bot.

Introduction.

When I first heard about trading bots I got a creepy feeling of illicit activities (not true of course) and the notion that it would be too complicated for every day guys like me. The way TradeSanta communicates though removed my apprehension (I first saw their ads on CoinTelegraph). They look like just any other reputable websites and they contain well-researched materials. Even their guest writers talk about trading and cryptocurrency subjects with a lot of sense.

Their content gained my trust and as I tested their services. And as I use their services, I know that they regularly update and added valuable features that made it more sense to be part of my trading lifestyle.

Everyone who is in cryptocurrency knows how volatile the market is. Using a crypto trading bot is a great strategy to take advantage of this movement. You don’t have to get nervous every time there is a movement in the market. I set the settings of my bot then I just get back to it every time I encounter one great opportunity to set up a new setting as the market offers it.

TradeSanta is safe because you are only enabling the bot to execute trading and no withdrawal transaction. Plus, when you are already inside the member’s area you can sense that the company is here for the long term, you can feel it with their updates, the way they are marketing it, resource materials and content, etc.. And of course, it would be crazy for them to just let their customers lose trust when they are receiving monthly subscription from them. It is a good business sense for them to provide good service and their subscribers continue to grow.

TradeSanta's Compatible Exchanges.

TradeSanta has many popular and reputable compatible exchanges. I mainly use Binance and Bittrex. Binance is the leader when it comes to volume and popularity. I like the security enhancements of Bittrex and the fact that you can directly deposit fiat money using your card and quickly convert it to cryptocurrency.

Using these crypto trading exchanges we shall set up our bot to communicate with them. The default option is that bots are only able to make trading transactions but not withdrawals. Just inspect the settings, make sure that the withdrawal button is unchecked otherwise don’t make any other changes.

How to Use TradeSanta.

The basic steps you need to make when using TradeSanta are:

Step 1: Connect your crypto trade exchanges. TradeSanta calls this menu as Access Points. This is where you provide your API key to allow TradeSanta trade on your behalf with your set up parameters of course. I like to use Binance and Bittrex. To have a better understanding of its set up here is an official video guide from TradeSanta:

If you haven’t done it yet, get your free account with Binance or Bittrex first.

Here is a short instructional video on how to connect your cryptocurrency exchange with TradeSanta.

Step 2: Choose your trading pairs. You can just choose based on the crypto pairs of your liking, For example, Binance has hundreds of pairs to your liking:

BNB pairs, BTC pairs, ALT pairs. and FIAT pairs. You got all you need when it comes to choices for trading pairs. At this time, I use BTC-Hive, BTC-Steem, BTC-ETH, and ETH-XMR.

Step 3: Set up your trading parameters. I’d like to set up mine straight and simple. I just use either a DCA or Grid bot trading template. I then slightly change the default set up by adding 1 extra step order, enable the Bollinger Band signal, I use the percentage option instead of a fixed value of my crypto with 50% as my set value, and then have my Take Profit at 0.75%. I use the same parameters in all my Long and Short trading pairs at the moment.

Here are short instructional videos on how to set up trading pairs inside TradeSanta:

Step 4: Strategize when and how much to withdraw or to reinvest. I think this is very important. You need to decide how much of your profits to cash out and how much to reinvest. This way you both grow your portfolio while at the same time getting out or making use of your profits.

At the moment, I am using a 50-50 percentage. In the first week of every month, I just check the total amount of Bitcoin I have earned the previous month, then I just cash out half of it and purchase the remaining half to another crypto of my liking which usually has a trading pair enabled with my TradeSanta account.

My Specific Strategy on Making Reliable Income Using TradeSanta and Steemit/Hive.

Using the increase in the number of tokens every time you may power down your Steempower or Hive power into Steem or Hive. I withdraw it straight to my Binance or Bittrex accounts. being the coin I hold, I apply the short (selling strategy) the trading pair available are BTC-Steem and BTC-Hive.

I set my take profit at 0.75% and I automate using the Bollinger signal as my transaction indicator. I like it because I just consistently add the Steem or Hive amount to increase my trading volume. In this specific strategy, I regularly schedule that half of my earnings from Steemit or Hive blog are withdrawn to Binance or Bittrex. Using a short strategy template I use the BTC-Steem and BTC-Hive pairs. Half of my earnings from trading then withdrawn and converted to my local currency while the other half, is used to repurchase more Steem or Hive.

It turns out that even as a small trader this helps the stability of the price of Steem or Hive against Bitcoin. Every time the price of Steem or Hive goes high my bot will automatically sell my Steem or Hive then as prices go down my bot will buy it again.

The price of Steem and Hive will now be correlated with Bitcoin. Bitcoin proving itself as a store of value has a high chance according to experts’ prediction to increase its price in the long term. The more people using this strategy will drive the prices of Steem and Hive to go up in the long term as well.

Conclusion.

To me, TradeSanta is a good income source especially when you are into cryptocurrency. It is relatively worry-free comparing it to when you are doing day trading yourself. Why don’t you give it a try? It is available with a FREE plan anyway. Where you can have up to 2 trading bots and up to $3000 trade value amount every month. Then, as you feel comfortable using it, you can just upgrade later and make use of more trading bots with added features.

Sign-up a FREE TradeSanta account today. Take a look inside the dashboard, check it out first before you commit to anything.

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