TradeSanta Review 2023: Is it Legit, or a Scam?
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Traders don’t have access to numerous tools on crypto exchanges. And for advanced traders, this can be a major issue. However, today, there are several automated trading platforms with diverse tools. Tradesanta is one of them.
TradeSanta is a cloud-based cryptocurrency trading bot that allows you to earn passive income. Beginners and experienced traders can use this trading automation software.
Bitcoin Loophole is an automated trading platform that allows traders to buy and sell crypto assets quickly and simply, allowing them to increase their profits. This platform combines algorithms and technology to enhance the profitability of crypto traders.
Which of these two crypto robots is better? Are they legit? Who are they suitable for? These are the things we would be discussing in this post.
Table of Contents
Tradesanta Overview
TradeSanta is a cloud-based cryptocurrency automated trading platform with a plethora of capabilities. It provides traders with advanced trading tools, as well as the ability to initiate and exit both long and short positions in a single transaction.
Trading bitcoin around the clock is made possible by TradeSanta’s cryptocurrency trading software, which allows you to employ automated investment tools without having to treat it like a full-time job. The platform connects to your exchange and places orders on your behalf depending on the particular criteria that you specify in your account settings. As a result, automated trading is as simple as a few clicks, and the mobile app allows you to Sign in or make changes from anywhere at any time, at any time of day.
at Bitcoin Loophole – #1 Bitcoin Robot
Features of TradeSanta
User Interface
TradeSanta’s interface does an excellent job of making automatic trading simple, yet automated trading is still automated trading. That is, bot programming and the setup of a profitable automated trading strategy are time-consuming tasks. While it is not required for total beginners, it is recommended that you undertake some preliminary research so that you have a firm grasp of the fundamentals before beginning to build your first bot.
Extra Orders
If you enter a trade and it doesn’t go your way, TradeSanta offers an extra orders option that will add to your position, increasing the likelihood that it will wind up being a profitable trade after all. Because of the increased size of the position, a smaller move will result in a larger profit, which means that your initial profit aim is still a possibility.
Technical Indicators
In order to build your bot, you can employ a variety of technical indicators, such as the relative strength index (RSI), Moving Average Convergence Divergence (MACD), and many more. An indicator is a change in the price or trade volume of a trading pair that informs the bot when it is time to begin (or exit) a trading session. With this feature, you can define your entry and exit points, and your bot will automatically place buy or sell orders when the indicators are detected by your bot.
Day Filter
To determine whether it is a suitable time to buy or sell a cryptocurrency pair, the TradeSanta bot can look at the candlestick chart data from the previous trading day. Suppose the candlestick chart indicates that yesterday was a positive day for a long position; the TradeSanta bot will automatically open a long position. Similarly, if the candlestick chart indicates that today is not a good day to trade, the bot will not do anything at all.
Stop Loss
Adding a stop loss to an order that your bot places are something you can program into the order. This stop loss will activate a sell order if the price decreases more than you are comfortable with, which will safeguard you from suffering significant losses. It is especially beneficial in volatile markets such as the bitcoin market.
Customer Service
Users of TradeSanta are generally pleased with the level of customer service they receive. Support is available on the TradeSanta platform through a live chat feature, which is usually very responsive. Take your questions to the TradeSanta Telegram group, which is extremely active.
Bitcoin Loophole Overview
Bitcoin Loophole is rated as one of the most reliable and popular Bitcoin trading bots in the market today. It provides a reasonable, advantageous, and simple-to-use cryptocurrency trading service to a wide variety of users. A sophisticated automated system is claimed to be used in order to determine the ideal buying and selling times in order to improve your profits.
The robot can be used in both manual and automatic modes, depending on the situation. The automated mode, however, is a critical feature because it eliminates all of the hassles and difficulties associated with bitcoin trading. This is one of the major things that motivate new crypto investors and amateur traders with minimal knowledge to make money through cryptocurrency trading.
Features
Trading Features
You can enable Live Trading on your account when you’re ready to trade the market for real money. All of our partner brokers’ live trading platforms display the various tradable cryptocurrencies or tokens, and traders can configure their trading parameters to trade using strategies that are in line with their trading goals and ambitions, as shown in the chart below. Investors can also make quick deposits and withdrawals into and out of their trading accounts on the live platform at their leisure.
Backtesting
Bitcoin Loophole allows investors to customize their trading strategies based on their personality types, risk appetites, and risk profiles. But, perhaps, more importantly, investors will be able to perform efficient backtesting on their strategies in the future, allowing them to validate their success using real historical data. This allows them to fine-tune their strategies before releasing them into the open market to see what happens.
Auto-Trading
Bitcoin Loophole can generate profits with little or no involvement from the investor by using the auto-trade feature. Once the trade settings are defined, Bitcoin Loophole will search the market 24/7 for the best marketable opportunities and exploit them to maximize profits. Trading automation ensures that trading techniques are used to their full potential, free of subjective human emotions that could interfere with objective trading activity.
Demo Account
Customers can get a free, unlimited sample account from any of the Bitcoin Loophole brokerage partners. This allows investors to try out different market strategies while using virtual funds to test, tweak, and improve their results. Demo accounts allow investors to trade the markets without risking any of their funds, and they also serve as a training ground for traders to hone their skills and strategies.
Easy Registration
We’ve come to appreciate how simple the registration process is for them. With Bitcoin Loophole, you can say goodbye to a time-consuming verification process and hello to a unique URL address that is generated for each user. You only need to provide information like your name, email address, and phone number during the simple sign-up process to get your account approved.
Pros and Cons of Tradesanta
| Pros | Cons |
| Good customer support | Not beginner-friendly |
| Advanced Technology | Complex and convoluted |
| User-friendly platform | Free trial available only for three days. |
| Numerous analytical tools | |
| Affordable pricing/subscription | |
| Affordable pricing/subscription |
Pros and Cons of Bitcoin Loophole
| Pros | Cons |
| Excellent customer support | No mobile app |
| Demo account | Owners information not available |
| Easy to use interface | |
| Fast and easy registration | |
| Fast withdrawals |
at Bitcoin Loophole – #1 Bitcoin Robot
How to create a Bitcoin Loophole Account
Step 1 – Registration
The trader must go to the Bitcoin Loophole website and fill out the form that is provided by the website. It asks for the trader’s name as it appears on their national identification card, credit card information, a valid email address, and a phone number. The trader will be required to verify their email address and phone number by clicking on a link that will be sent to their email address and receiving an SMS to their phone number, respectively.
at Bitcoin Loophole – #1 Bitcoin Robot
Step 2 – Deposit Funds
Once the registration is complete, the next thing is to make an initial deposit. Essentially, it is a free robot that is licensed and earns money by charging a small amount of commission on the profits generated through its trading feature. In addition, it accepts deposits via credit and debit cards, and its payout system is the most efficient and accurate when compared to other robots. Deposits can be made through wire transfers, cryptocurrency wallets, Skrill, Neteller, and Webmoney, which are all accepted. Deposits can also be made through major cryptocurrency wallets, such as Bitcoin and Ethereum, which are also accepted.
Step 3: Demo Trading
According to our Bitcoin Loophole review, this auto trading platform allows new users to open an account in the demo mode to become more acquainted with the live platform. Because it operates on historical data, the Bitcoin Loophole demo account simulates real-world cryptocurrency market conditions. Its performance is entirely dependent on the current conditions of the cryptocurrency market.
Step 4 – Live Trading
Bitcoin Loophole’s live trading feature is accessed by selecting the trading button on the main screen. Before dealing with a real-money account, the trader must determine the level of risk they are willing to accept on each trade. When trading, it is highly recommended that the trader does not put more than 10% of their account at risk in a single transaction.
Conclusion
By looking at the TradeSanta dashboard’s interface and features, it’s clear that this tool was created to make automated trading as easy as possible. Even though inspectors have no programming experience, they can build profitable bots. However, the Bitcoin loophole seems to be more beginner-friendly than Tradesanta. But you can make your research and see which works best for you.
at Bitcoin Loophole – #1 Bitcoin Robot
Top 3 TradeSanta Alternatives:
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Our score10
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Our score9
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Our score9.2
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FAQs
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