If you still can not verify your KYC, please send the email to with the title “KYC failure” and provide your TokenTact account Email/SMS in the content. Fees related to acquiring and disposing of your cryptocurrency can reduce your capital gains tax. Remember, to use a ‘specific identification’ method like LIFO, you’ll need to be able to identify each individual unit of your cryptocurrency holdings.
According to the previous market cycle, it typically took 20 to 36 months for Bitcoin to recover and reach all time high again. We’re now in the bear market, and there would be at least 2~3 years of brutal sideway bear market awaits us. But we can’t simply leave the space and come back 2 years later because you never https://harmonynews.one/tokentact-trading-bot-review/ know when the crazy bull market will return. Not to mention that it is backed by large-scale investors to the tune of $10 million and maintains its funds on two of the most well-known exchanges in the cryptocurrency world. TokenTact does not charge a fee if you withdraw your crypto into an internal address in TokenTact.
But… In order to follow this strategy, you need to have 5 profitable trades per day consistently which is 2000 trades per year. Anyone who has tiny bit of trading experience would know that, it’s just not humanly possible to have 5 profitable trades everyday. TokenTact is able to take advantage of the high degree of security offered by exchanges like Binance and Huobi by keeping its funds on their platforms. It has also been granted a Money Services Business (MSB) license by the Financial Crimes Enforcement Network (FinCEN) and has gone over 900 days since its inception without any security breaches. With the Margin Grid, you may mortgage your currency in exchange for borrowing another asset to operate the grid.
Further, you acknowledge and agree that you will not hold this Site responsible for, and will indemnify this Site from, any liability arising out of or related to any act or omission of such third party. 4.“You” or “Your” refers to anyone who access to Services through the Site , API or Apps. Infinity Grids Bot is one of the perfect strategies in the bull market. Because Infinity GRID Bot has “infinite” grid orders, which requires a higher minimum investment than Grid Trading Bot. So the algorithm needs more initial investment for an Infinity GRID Bot.
The definition of Arbitrage is to buy and sell items in different markets so that there is a profit made. So when looking at crypto currencies you also need to take into account where you are buying your coins. You go to the store to buy milk, however each store has their own price of milk.
This guide will explore how to use TokenTact robots, what payment methods are available and how the exchange’s fee structure is laid out. We will also review the TokenTact arbitrage bot and grid trading bot, alongside the trading platform, asset range and more. TokenTact is a leading cryptocurrency exchange that is particularly well-suited for traders who rely on trading bots and have limited time for market tracking and analysis. With a diverse selection of 16 trading bots, TokenTact is likely to meet the needs of various trading strategies.
- Not to mention that it is backed by large-scale investors to the tune of $10 million and maintains its funds on two of the most well-known exchanges in the cryptocurrency world.
- Either a phone number or email address is required for a verification code and you may want to fill out KYC details to increase withdrawal limits, though this is optional.
- You confirm that the information you provide is and will be accurate and authentic.
- 1.2 The digital wallet services are available only in connection with those digital assets that this Site, in its sole discretion, supports.
- TokenTact offers a crypto-to-crypto trading platform where users can deposit cryptocurrency to TokenTact to fund an account and begin trading.
It is licensed in Singapore and the US and has received funding from BitUniverse and Banyan Capital. Trading cryptocurrencies can be very profitable but also very time-consuming and stressful. You must constantly watch the market, analyze the trends, and execute the trades correctly. 1.First, open TokenTact.us and log in to your account, choose the trading pair you want to trade. While TokenTact states it aggregates liquidity from Binance and Huobi Global, based on these figures the reported liquidity isn’t great which means slippage can occur on orders.
Additionally, they are also cloud-based so you don’t need to leave your device on in order for them to work behind the scenes. The Grid trading bot, which has a 0.05% fee, automatically purchases an asset when the price falls below a predetermined “low” point and sells an asset when the price rises above the user’s preset “high” point. By using this function, traders may take advantage of the market’s fluctuation and profit from it. It’s the same license that Binance, Huobi, and multiple top exchanges applied.
According to the data, 90% of traders will get better returns if they use DCA instead of manually investing their funds. Moonin Papa is the co-founder of The Better Trader, a leading international crypto trading education company serving over 25,000 students in 36 countries. With over three years of experience trading with bots, he is a well-known and trusted influencer in the crypto trading community.
There are two ways for you to use Flying Wheel Strategy at TokenTact. Either you can use the flying wheel strategy bot on our App, or you can manually buy crypto using Sideways Gain and sell them using Covered Gain on our website. We charge ZERO trading fee on Bitcoin to USD (and all USD stable coin) trading pair. With the popular Grid Trading Bot, you can keep buying low and selling high 24/7, instead of overspending your precious time in manual trading. Users can also seek real-time assistance through TokenTact’s built-in chat tool by contacting them or posting a request on their social media networks. Additionally, an email address is provided on the website for those who prefer to contact customer service directly via email.
So you have made your way here because you are interested in crypto. If the person I am describing is you, then you might want to look at an Arbitrage Trading Bot. Trying to track this information manually can be difficult, especially if you have a high volume of transactions or you’re trading crypto across multiple wallets and exchanges. Platforms like CoinLedger can help you aggregate your transactions across all of your exchanges and wallets and help you generate a comprehensive crypto tax report with the click of a button. When you pay fees to acquire cryptocurrency, it can be added to your cost basis. When you pay fees to dispose of cryptocurrency, it can be subtracted from your gross proceeds.