A cloud-based crypto trading software provider is now compatible with yet another major exchange — expanding its automated offering to thousands more users as a result.
TradeSanta has unveiled support for OKEx, one of the world’s biggest platforms in terms of trading volume. The company says the exchange is renowned for its low fees, wide range of trading pairs, and how it enables newcomers to the crypto space to exchange their fiat currencies for digital assets with ease.
OKEx is one of several major exchanges now supported by TradeSanta, which has the stated goal of ensuring that keeping track of fluctuations in cryptocurrencies doesn’t need to be a 24/7 job.
How TradeSanta works
TradeSanta enables users to create an account that connects to their chosen crypto exchange, with OKEx joining a stacked list of supported platforms — HitBTC, Binance, Bitfinex, Huobi, Bittrex and Upbit.
Crypto enthusiasts with an account can then establish a trading bot in under two minutes — enabling them to access a whole suite of techniques and features. The team notes that users can capitalize on bull and bear markets alike thanks to TradeSanta’s long and short strategies, and they can set target profits so deals can be closed automatically at the perfect moment. They also have the freedom to make use of a diverse range of pre-set templates or build their very own bot from scratch.
Technical indicators are on offer so trades are opened at the most opportune moment, and the company says that its infrastructure enables large volumes of crypto to be bought and sold without triggering dramatic movements in its price.
With the crypto markets experiencing extreme levels of volatility on “Black Thursday” back in March — unpredictability that was being reprised around Bitcoin’s halving — TradeSanta says it has created a platform that blends automation with the ability to track market movements in real-time. A bot’s progress can be monitored anywhere thanks to transparent analytics, with Telegram notifications helping users to stay up-to-date with the latest developments whenever they are on the move.
An educational resource
TradeSanta has sought to become a destination where those who are trading cryptocurrencies for the first time can access impartial and insightful articles about the pros and cons associated with each exchange.
It describes OKEx as a platform that’s simple to use, paving the way for new users to get quickly verified once they have fully satisfied Know Your Customer checks. A detailed breakdown is provided of the fees associated with executing a trade, as well as the cost of making deposits and withdrawals.
These reviews are accompanied by a regularly updated blog that reflects on the latest developments in crypto, as well as other financial news. Recent posts have delved into the debate of whether Bitcoin (BTC) has the potential to seize gold’s crown as the world’s most dependable safe haven asset, while others have cast a spotlight on crypto simulators — tools that can help traders put strategies to the test without leaving their capital at risk.
Figures from the TradeSanta website suggest that it now has more than 40,000 active users, as well as almost 12,000 active trading bots. According to the TradeSanta team, since the platform launched, nearly 1.7 million deals have been successfully completed.
TradeSanta offers a free plan that enables users to use up to two bots, and that comes with a trading limit of $3,000 a month. Paid subscriptions begin from $14 a month, and more expensive packages open up access to an unlimited number of bots. All new users have the chance to enjoy a free five-day trial of the company’s Basic plan — complete with up to 49 bots and unlimited trading volume — so they can see TradeSanta’s intuitive features for themselves.
Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.