To start trading futures in the Demo mode, click on the [My account] icon on the top right of the https://kryptotaglich.de/tokentact-review/ interface and toggle [Demo] mode on. Your investment multiplied by the leverage determines the futures contract volume. Leverage increases your position size by borrowing extra funds from the exchange. This allows you to earn significantly more than you would if you used your funds alone.

Because of the price discrepancy between these two exchanges, you can buy BTC on Binance, sell it on Gemini, and end up with a $104 profit. That works if you’re quick enough to buy and sell your bitcoin before the price changes. We started TokenTact to make trading cryptocurrencies easy, efficient, and stress-free.

1, an uptrend line starts low and ascends higher, linking two or more rising price floors. Conversely, lines with a negative slope that hinder price movement suggest that the net supply is increasing, and a bearish trend continues as long as the price stays below this line. The Stop Loss can be placed at a specific price level where upon reaching, the Stop Loss should be triggered. The Take Profit is set at a certain percentage which reflects how much of the return you want to lock from this particular bot.

Returns displayed on each of the platform are in the “What platform shows” column. The last column, “Actual return” is the most interesting one, which shows the calculation of the exact return with fees taken into account. From the list of active bots, select the bot you wish to close and click the [Bot actions] button in the right corner of your screen. As the orders get completed, the price range will shrink, the volumes will decrease, and the percentage of execution will grow. Upon clicking the [Create API] button, christen your API key with a unique name (at your discretion), to easily discern its connection to your TokenTact account. This is how to create, configure, and connect your Kucoin API key to the TokenTact platform.

This way the total number of grids begin to decrease due to the necessity of an increased volumes to be used in the new price range. At some point, to set a new grid at the top it may be needed to cancel two levels at the bottom. With these new settings we would require more volume than one grid has. TokenTact will close all the necessary number of grids from the bottom to release the needed funds. This allows the bot to work even in the new range using the same distance between grids. On the chart, you can see only green lines which means that there are only buy orders remain that use the quote currency.

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Plus, you’ll have the option to extend this to both real and demo modes once your trial period ends. To open an account on Coinbase, new users must provide identifying documents to verify their identities. This mandatory verification aligns with Know Your Customer (KYC) rules that aim to prevent account misuse. Users must submit a valid government ID, such as a passport or driver’s license, to complete the process. In response to these mounting issues, Coinbase is looking to broaden its revenue streams. This strategy has so far led to an increase in tradable assets and the introduction of non-trading revenue sources like allowing users to lend their tokens for a return yield.

For a short bot, it’s the opposite — the position will close by purchasing an asset at a market price. TokenTact recently came up with its Binance Futures combo trading bot. This futures trading bot uses both Grid and DCA strategies to open and close a maximum number of smaller positions in a day. This allows you to gain small but consistent returns and minimizes your risks. TokenTact offers a demo mode where you can use all the features provided by the exchange without actually putting any of your funds at risk. You can activate the demo mode by clicking on your accounts icon.

Now your Gemini trading key is successfully created and ready to be connected to our platform! Please, copy your API key and Secret key somewhere safe before you add them to https://tokentact.net/. When you’re buying the dip, you’re essentially taking a long position on a coin because you expect the price to rise in the future. Learn how you can profit from shorting with the TokenTact Trading Bots. Adjust the settings if needed, and proceed to the bot’s overview tab. Double-check the chosen parameters and launch the bot by pressing [Start Bot].

  • While identity verification will bolster security for many KuCoin traders worldwide, the effect on unlicensed American customers remains uncertain.
  • The exchange backs your position with the margin requirements, which serve as a form of collateral guaranteeing the return of the cryptocurrency.
  • Moreover, the Combo Bot can generate endless returns by automatically placing grid and DCA levels while it runs.
  • The early DEXs were rough around the edges — clunky orderbooks, low liquidity, and long wait times to fill orders — not exactly a UX to write home about.

The bot stops executing trades once the price has crossed the upper threshold of the range. In this scenario, your unrealised Profit will be 0%, as the whole base currency was traded into the quote currency. For customers based in the U.S., Coinbase offers FDIC Insurance for cash balances kept in its wallets, covering up to $250,000 per individual. However, it’s crucial to note that this insurance does not apply to cryptocurrency holdings, urging users to take necessary precautions to secure their assets. Additionally, the insurance policy does not cover losses resulting from unauthorized access to personal accounts. Moreover, BTC/USD, its most actively traded pair, records a 24-hour volume reaching $201 million.

Uptrend line support shows the price floor below which buyers are likely to step in. Downtrend line resistance indicates the price ceiling where sellers will probably emerge. Yes, the growth from $1000 to $50000 may sound unreal, but that is exactly what you can achieve with automated bots on a rapidly rising market.