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Trading bots like TradeSanta have expanded the horizons of crypto trading with automated trading tools, signals, and technical indicators. TradeSanta is a reasonably popular crypto trading bot that can run on the best exchanges in the world. Its main product is to allow users to create, monitor, and adjust trading bots to complement a trading strategy and operate 24/7 looking for trading opportunities. Before you give up your API keys, this TradeSanta review will analyze the trading bot's top features, user interface, pricing, security, pros, and cons based on our testing to help you decide if it's a good crypto bot to use.
TradeSanta features various automated trading tools users can leverage to execute trades to create profitable trades. The platform has built-in algorithms and bots that can execute basic and advanced trades on users’ behalf. TradeSanta also provides bot templates for users to customize using short and long trading strategies, with a 0% terminal trading fee or commission.
The crypto trading bot integrates with top exchanges, like Binance and Coinbase Pro, through its API key to give users access to liquid markets with low trading fees. Beginners can also benefit from TradeSanta’s premier copy trading platform, replicating trades from experienced traders.
Despite its numerous features, TradeSanta has some downsides, including a limited trial period. The platform offers a 3-day free trial where users can access all of TradeSanta’s features and tools before subscribing to tiered plans. While this isn't a big deal, we feel three days is not enough time for users to fully assess the platform.
- Simplified and easy trading across the intuitive TradeSanta app and desktop platform
- Integrates with nine exchanges, including reputable ones like Binance and OKX
- Tiered subscription plans for investors to choose which fits their budget
- Copy trading available via TradeSanta Marketplace
- Supports 6000+ cryptocurrencies
- The 3-day free trial is not enough to assess all the platform’s features
- The success rate is not stated on the website
- More focused on centralized exchanges
TradeSanta At A Glance
|Supported Exchanges||12 (Binance, ByBit, KuCoin, Huobi, OKX and others)|
|Number of Trading Bots||DCA, Grid, Futures, and custom bots|
|Demo Exchange to Test Bots||Yes|
|Pricing||$25 to $70 per month|
|Security||2FA, Malware Protection, Password and Access Management, Email Integration, etc.|
|Mobile App||Android and iOS|
TradeSanta Full Review
TradeSanta was founded in 2018 to automate cryptocurrency trading for both newer and serious crypto traders to utilize TradeSanta’s bots and algorithms to maximize potential profits. Like other bot platforms we have reviewed, users can also create customizable bots and set trading conditions to execute positions faster (without human interaction) and at any time of the day.
The platform allows integration with the top crypto exchanges using API keys. This also means that traders can open positions across multiple exchanges and accounts via the TradeSanta trading terminal. This feature eliminates the need to open different tabs or move across different platforms that comes with manually trading crypto on a traditional centralized platform.
How Does TradeSanta Work?
TradeSanta's cloud-based trading software connects to exchanges using secure API keys and automates users’ cryptocurrency trading strategies using advanced machine learning technology and deep learning algorithms.
Once integrated, users can set up a crypto trading bot and configure a buy and sell order. The bot will initiate a transaction (using the exchange API) as soon as the preset trading conditions are met or when the bot detects a change in the trading conditions. After executing the first order, the trading bot opens numerous extra orders and can be configured to automatically place a take-profit order in line with the percentage profit level set by the individual.
TradeSanta also has risk management strategies to minimize potential losses. There is the option for One-Cancels-the-Other (OCO) order to close the trade when the price goes in the opposite direction from the chosen trading strategy. To maximize gains, the crypto trading bot can also reduce the take profit level whenever this happens.
Review of the Top Features on TradeSanta
The TradeSanta Marketplace is one of the platform’s unique features. It allows users to find like-minded traders in the TradeSanta community, or to select the most profitable trading strategies with the intention to mirror trade and configure a bot to copy their trades. This feature offers traders - especially beginners - leverage for more potential profit, as they can view the platform’s top performers and choose to mirror any of their trades.
TradeSanta's marketplace is well organized and sorted by categories such as:
- Top performing traders
- Trading strategy
- Type of bot
- Age of the trading bot
- Crypto trading pair
- Number of copy-traders
- Cryptocurrency exchange
At the time of writing, the most popular trading bot on TradeSanta uses a DCA crypto strategy with a return of 0.41% and is followed by 64 users. Clicking 'Copy Bot' will bring up a dedicated profile of the bot with a summary of its performance and history. Compared to similar crypto copy-trade marketplaces such as eToro and Zignaly, the number of experienced traders to follow on TradeSanta is quite limited which is a disadvantage.
Multiple Bot Templates
Traders can create different trading bots to execute trades on TradeSanta. These bots can also be created using three templates. Two basic bot templates can be customized, and a custom version allows trades to build a TradeSanta bot from scratch.
- Long Bot Template. Cryptocurrencies can be bought with the potential to increase value during a trade. When the coin price increases, the automated trading bot initiates a sell order and profits from the price difference.
- Short Bot Template. This trading strategy involves selling a coin with the potential to decrease in value. After the coin loses value, the trading bot repurchases it and profits from the difference between the old and new prices.
- Custom Template. Users can customize their trading strategy from scratch with this template. That means users fully determine the bot’s trading activities and implement the strategies that work for them.
It’s also possible for traders to create two or more automated trading bots using both long and short strategies simultaneously. That way, the bots can make the most of the market’s direction.
TradeSanta uses Artificial intelligence (AI) technology and sophisticated algorithms to study the historical data of selected coins and trading pairs. The data generated via its technical indicators are then translated into trading signals and calculated predictions that users can infuse into trades.
The algorithm also navigates the predominant market volatility and reduces the risks of human errors during trades. With all these auto trading tools and features, traders have limited interactions with the market, since the bots automatically place and close trades.
According to its website, TradeSanta supports 12 cryptocurrency exchanges. Though the number is small compared to other crypto trading bots, the exchanges available on TradeSanta are some of the biggest names in the industry. Exchanges supported by TradeSanta include:
- Coinbase Pro
Interestingly, TradeSanta allows users to trade across all exchanges simultaneously to diversify their investments and earn more profit.
While TradeSanta is geared towards traders that want to automate a crypto strategy, it can also be used to trade spot or Futures using the same API keys to the connected exchanges. The TradeSanta trading terminal includes basic features, tools, and functionality to view historical and live crypto prices, interactive price charts, and the ability to place orders. There are multiple order types, including stop-limit and market orders, to manage trade risk.
The trading platform can be useful to keep all trading in one location. However, the benefit ends there as trading on TradeSanta does not stack up in terms of features when compared to the supported exchanges, which are purpose-built for crypto trading.
TradeSanta also offers a free demo trading account. Demo accounts allow users to evaluate if the platform is right for them by finding out how it works. The demo account is packed with all the top features for traders to assess through paper trading. The demo account is a great way to learn more about cryptocurrency auto-trading and assess all the platform’s features to ascertain its efficacy before committing funds to it.
TradeSanta Alternatives & Comparisons
|Exchange||Crypto Assets||Trading Fees||Rating||Promotion||Website||Review|
|Up to 500 USDT in bonuses||Visit KuCoin||KuCoin Review|
|20% trading fee discount||Visit Pionex||Pionex Review|
|None available at this time||Visit Cryptohopper||Cryptohopper Review|
TradeSanta’s website has an intuitive and user-friendly interface. Beginners and experienced traders can navigate the platform without hassles. Users can easily select and configure their cryptocurrency trading robots on the website, enter smart trading orders, and manage assets.
Users can also easily customize Telegram notifications and get alerts on the bot’s trading activities. Switching across exchanges on TradeSanta is also seamless. Beginners and savvy traders alike will enjoy TradeSanta's user interface. It requires no exhaustive efforts from users, and anyone can easily get the hang of the platform’s features.
TradeSanta has a free trial account with all the features available on the Maximum Plan. The trial period last for 3 days and then a paid package must be purchased. The pricing plans are basic ($25/month), Advanced ($45/month), and Maximum ($70/month). The paid plans are quite expensive in the market compared to other crypto bot platforms such as Cryptohopper and Coinrule.
All TradeSanta plans offer users an unpaid trial to paper trade with a demo account before investing real money. All users also have access to the supported exchanges, customer support, and other general features. There are no trading fees or commissions on profitable trades using the bots, however, there may be fees charged by the connected crypto exchange.
|Free||$0||1 bot, trading terminal|
|Basic||$25/month, $156/year||49 bots, unlimited trading pairs, Telegram notifications, trading terminal, all trading strategies|
|Advanced||$45/month, $276/year||99 bots, unlimited trading pairs, trading terminal, all trading strategies, Telegram notifications, trailing take-profit feature, TradingView signals|
|Maximum||$70/month, $420/year||Unlimited bots, unlimited pairs, trading terminal, all strategies, Telegram notifications, trailing take profit, custom TradingView signals, futures bots, trading terminal|
TradeSanta appears to be a reasonably safe crypto bot trading platform that has two-factor authentication (2FA) and API keys are restricted to 'trading' purposes only. This means TradeSanta cannot access users’ funds or withdraw on their behalf. In addition, the website states it conducts regular security audits and only works with reputable exchanges with high-security standards. The website is also encrypted to prevent phishing attacks and other potential hacks.
TradeSanta Mobile App
TradeSanta's app has all the features available on the website, with an intuitive design and approach that streamlines the creation of bots, placing trades, and monitoring an automated crypto portfolio. Although, there are known issues with configuring specific bots on the app, with reported faults and bugs. The TradeSanta app has a 3.9/5 star rating on Google Play Store with several existing customers complaining about difficulties with the sign-up process and creating operational bots.
TradeSanta has a 4.2/5 star rating on Trustpilot from existing traders at the time of writing. There is a dedicated customer support team available via email and Telegram. The support team is available 24/7 to help users solve problems that may arise when using the platform. There is a comprehensive educational resource section on the website too. The FAQ page and TradeSanta blog will be useful for new traders looking to learn more about cryptocurrency bots and how automated investing works.
Frequently Asked Questions
TradeSanta offers genuine crypto bot trading services to easily set up and activate trading bots. For copy-traders, TradeSanta's marketplace has a good community and several bot templates to adopt. However, the 3-day free trial isn’t long enough before having to pay for a subscription and the mobile app has intermittent technical issues.
TradeSanta has a 3-day free plan for first-time users to test the platform and use its bots. Once the free trial has expired, paid subscriptions start from $13/month up to $35/month.
Final Verdict and Rating
The TradeSanta platform sets itself apart with simplified tools that make crypto trading as easy as possible via automated bots. Investors can choose from 49 bots with unlimited trading pairs with the platform's affordable tiered pricing starting at $13. Furthermore, the mobile app is intuitive and responsive to create and monitor automated trades on the go.
However, the platform’s success rate is not stated, and its 3-day free trial isn’t enough to verify all of its claims. There are also reports of mobile application bugs from existing customers, who may opt for other trading platforms without such issues.
|Review Criteria||HedgewithCrypto Rating|
|Features||4 / 5|
|Supported Fiat and Deposit Methods||4.5 / 5|
|Supported Crypto & Trading Pairs||4.8 / 5|
|Fees||3.5 / 5|
|Ease of Use||4.5 / 5|
|Customer support||4 / 5|
|Security Measures||4 / 5|
|Mobile App||3.5 / 5|