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TradeSanta: Crypto Trading Bot for Binance, Huobi

latest release: 2.4.12 ( 21st October 2021 ) last analysed  16th October 2021 Not a wallet 
3.9 ★★★★★
663 ratings
10 thousand
20th May 2019

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Do your own research!

Try out searching for "lost bitcoins", "stole my money" or "scammers" together with the wallet's name, even if you think the wallet is generally trustworthy. For all the bigger wallets you will find accusations. Make sure you understand why they were made and if you are comfortable with the provider's reaction.

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The Analysis 

App Description and Verdict

TradeSanta isn’t a cryptocurrency exchange or wallet, but claims to provide trading bots that automate trading strategies on crypto exchanges, including:

➡️ Binance exchange, Binance US, Binance futures trading, HitBTC, Okex, Huobi and UpBit

It also has the following instructions for an easy setup:

  • Connect to a supported exchange via API
  • Choose a long/short template or create a trading bot from scratch
  • Select a pair
  • Fine-tune crypto bot’s parameters

TradeSanta clearly is not a bitcoin wallet.


Verdict Explained

This appears to not be a product to receive and send money.

As part of our Methodology, we ask:

Is it a wallet? If not, we tag it No Wallet 

If it’s called “wallet” but is actually only a portfolio tracker, we don’t look any deeper, assuming it is not meant to control funds. What has no funds, can’t lose your coins. It might still leak your financial history!

If you can buy Bitcoins with this app but only into another wallet, it’s not a wallet itself.