TradeSanta is a software that helps in cloud trading of cryptocurrencies by capitalizing on the market fluctuations. As per the vendor, you need to just link the software to the crypto exchange and start trading easily with the automated setup. We could not find info related to the location of the company. There is no address or phone number provided. Customer support is through the Telegram channel and social media like Facebook and Twitter.
As per the info on the official site, to make use of the automated cloud crypto application, you need to first set up an account and link to an exchange that the platform supports. Binance futures, coinbase, Binance, OKEX, and UPbit are some of the supported crypto exchanges.
The next step is choosing a pair and setting up the cryptobot. According to the vendor, the process of bot setup takes a couple of minutes. You can share concepts and news with the user community and keep track of your bots using the dedicated app of the platform.
The main features this platform concentrates on are:
- Choose a strategy for the bot and opt for the Grid or the DCA options for the orders.
- Extra orders feature gives you increased chances of profits during market changes that go against your trading approach.
- Use long and short trading approaches at the same time .
- Choose from indicators like MACD, Bollinger, and RSI or make use of all three filters simultaneously.
- Use SL for managing risks.
- 24/7 support.
- The accepted methods of payment include Bitcoin, ETH, USDT20, and more.
The idea behind TradeSanta
This crypto service was started with the objective of making crypto trading easily accessible. Traders of any level of experience can make use of the platform to make profits out of the rapidly developing crypto industry. As per the company, the main feature that distinguishes it from other similar platforms is the easy yet powerful user interface that makes trading a breeze.
From the info found on the About Us site, the company was founded in 2018 and has since been making great strides in the industry. The firm claims that it has introduced thousands of crypto users to the cloud-based platform. However, there is no info provided on the team members or the founder of the company. This lack of transparency raises a red flag.
Safety of TradeSanta and the network
Security is key to safe, reliable, and hassle-free trading especially when you are trading cryptocurrencies. The vendor does not provide info on the security measures taken by the company for providing a safe trading platform to its users. We find the lack of info suspicious. It indicates the company is not reliable.
A basic package costing $14 per month when you purchase it annually is one of the three packages this platform offers. This package includes a free trial period of 3 days. You get a maximum of 49 bots, all the strategies, alerts via Telegram, and unlimited pairs and trading volume.
The second package is called Advanced and costs $20 per month (on annual purchase) and comes with a maximum of 99 bots. Additional features here include Trailing TP and Trading view signals for the HitBTC, Binance, Coinbase Pro, and Huobi exchanges. Maximum is the third package and costs $30 per month and comes with unlimited bots and Binance Futures.
We found 29 reviews for this company on the Trustpilot site with an overall rating of 3.7/5. Here are a few of the feedback:
From the reviews, it is clear that the company is a scam featuring bugs in its application, poor performance, and bad customer service.
Is TradeSanta a legit investment service?
From our evaluation of the crypto platform, its features, performance, user reviews, and other aspects we find this is not a legit service.
Our verdictOur verdict
- Fully automated crypto bots
- Multiple strategies to choose from
- Lack of vendor transparency
- No info on the security measures used
- Negative user reviews