An automated crypto-trading platform is looking to expand its referral program by launching a qualification competition that will allow users to potentially increase their referral percentages.
TradeSanta has unveiled its plan to run a qualification where, in the end, its top referrers will get an increased kickback for spreading the word about TradeSanta. According to the company, this contest will be aimed at expanding its existing referral program.
The qualification began on Feb. 8 and lasts until March 8. Its rules are: A user must recommend TradeSanta using their referral link that generates subscription purchases from at least 30 new users. From that, they will receive an increased referral percentage. Currently, it is equal to 20%, and once the requirement is met, it will increase to 30%.
Users are free to promote TradeSanta via their social media accounts to increase reach and subsequently better chances of winning the qualification.
Users will be able to get an increased referral bonus for three upcoming months, from March 9 to June 9.
What is TradeSanta?
TradeSanta is a service allowing traders 24/7 access to the crypto market without having to make trading a full-time endeavor that requires them to be glued to their screens nonstop.
TradeSanta has been on a mission to make automated cryptocurrency trading available to everyone since its launch in 2018. The platform supports several major exchanges, including Coinbase Pro, Binance, Binance.US, HitBTC, OKX, Upbit and Huobi.
Risk management tools, TradingView signals, grid and dollar-cost-averaging bots, demo trading for testing strategies and more are currently available on TradeSanta to help both rookie and expert traders with their trading routines.
It has already helped hundreds of thousands of consumers in simplifying their daily trading: There are already more than 210,000 registered users and more than 22 million executed deals.
In addition to making it easier for crypto enthusiasts to trade, the company says it wants to educate the general public about how these transactions work. To that purpose, the platform provides video tutorials that simplify the process by taking viewers step-by-step through difficult configurations.
Why use automated trading?
The primary advantage of automated trading, according to TradeSanta, is its emotionless nature.
Trading with crypto bots offers a more rational approach to trading. When traders see the charts go south, they inadvertently start feeling emotional. Trading with emotions always nets loss due to reckless behavior. Crypto bots, on the other hand, are emotionless and always obey the algorithm they have been programmed with.
Crypto-trading bots can help traders simplify their trading process. To seal the deal at the best rate, traders don’t need to place all of their orders manually, because the bot can do that ten times faster. Furthermore, the bot will ensure that a trader’s order remains at the top of the queue, ensuring it is executed first. In contrast, trying to accomplish this manually would be exhausting.
However, A crypto-trading bot is merely a tool that executes a trade the way it has been programmed, and it is a trader’s responsibility to make it work properly.