The technological foundation of the platform is robust enough to support all sorts of instruments including some of the most innovative solutions like an AI crypto bot or standard tools such as DCA and GRID. In fact, the automation module on the exchange website is designed to allow all clients to use the distributed cost average approach to acquire assets quickly and reliably. You can create any Tokocrypto trading bot without any issues.
Note that this CEX platform has been around for over five years and was acquired by Binance relatively recently. In 2024, the company managed to get the PFAK license from national regulators making it an officially regulated and recognized operator.
Why should you use a bot for Tokocrypto?
Many modern investors would rather work with a wide range of assets instead of concentrating a portfolio if given a choice. Thankfully, all participants of the crypto market have this particular choice. This CEX platform is strongly focused on providing clients with access to a rich selection of financial instruments like Bitcoin, Ethereum, Litecoin, and many others. However, it is also an active participant in the DeFi ecosystem with its TKO token that allows clients to engage with Dapps from the position of an investor in a regulated environment.
There are several interesting products that this exchange offers to its clients:
- The spot market is partially powered by the digital and financial infrastructure of Binance making it a very robust national provider that can easily access additional liquidity and funding in the case of emergency. While the main fiat currency here is the Indonesian Rupiah, you can quickly exchange it for other liquid international fiat currencies like the US dollar and GBP. However, it may be a bothersome experience if you do not want to work with the foreign exchange.
- Recurring buy is the only native automation module available to clients. It is a very simple DCA trading setup that does not have the same flexibility as robots offered by highly specialized providers like WunderTrading or CryptoHopper. Nevertheless, it is a useful tool if you want to create an autonomous system that helps you acquire assets for long-term holding. The absence of social modules can be an issue for some newcomers seeking easier entry into the crypto industry.
- A functional application for mobile users which is a huge advantage considering that the vast majority of Indonesians use their handheld devices to access the internet. The company also offers a secure wallet for digital assets making it a very useful platform for many locals. While some international clients may not appreciate the importance of things like mobile apps, it is an essential part of any successful service in the SEA region.
How to automate trading on Tokocrypto
The API documentation is exhaustive offering answers to any question developers or individual users may have when trying to connect to the exchange directly without the need to deal with the user interface that significantly slows down all operations. You can use a variety of methods to create an ATS:
- Make a Tokocrypto crypto bot with desktop applications. You can find all sorts of programs and software templates to launch a locally run ATS. It takes a lot of time and dedication as well as intensive testing to do everything correctly. On top of that, the performance of the setup depends greatly on the stability of your internet connection and the quality of the software. Having powerful hardware is also an advantage. Considering these issues, it can be a very expensive endeavor to run bots locally.
- Use third-party vendors that specialize in automation. The current landscape of the sector is diverse enough to offer something useful to all investors. Whether you are interested in creating large-scale systems like statistical arbitrage setups or plan to focus on smaller operations, these platforms are the right place to go. Investors who want to build advanced Tokocrypto trading automation systems should focus on working with specialized vendors.
- Utilize the native recurring buy module. The company's official website contains a descriptive Tokocrypto bot setup guide that explains every step in excruciating detail. The module is very simple and provides only the essential functionality necessary to use the DCA approach. Note that you won't be able to build systems with higher degrees of sophistication here.
The choice of a suitable option depends on your preferences and investment goals. If you simply want to grow your holdings and keep them as is for a long time hoping to see them appreciate, the recurring buy module could be enough. However, investors interested in using innovative techniques and sophisticated strategies should look for a good automation provider. Local software is too complex and unreliable for many individuals.
How to use Tokocrypto trading bots
It is crucial to find a good strategy that works well with the platform of your choice. In our case, we are dealing with an exchange that has high liquidity, offers access to a rich selection of tokens, and maintains a low-latency API gateway. Below are some strategies that benefit from all of the above:
- Statistical arbitrage is a complex approach to asset management where consistency is achieved through the use of continuous analysis and systematic position adjustments. These systems are impossible to run without using automation. They also require deep liquidity and low-latency connections.
- Market-making is a way of making a profit on discrepancies (spreads) between bid and ask orders. Margins per operation are very low but usually consistent. A high frequency of trades is required to make the system work efficiently. Again, low latency, stable connections, and sufficient liquidity are incredibly important.
- Triangular arbitrage is one of the safest techniques you can use. You have to track three pairs that share two assets. When prices diverge allowing you to make a three-way trade to secure profits, your robots should be ready to act. These strategies require a spot market with sufficient liquidity and a large number of assets and their pairs.
Other systems like grid trading or custom ATS using signals from a technical analysis strategy deployed on TradingView also can work very well on this CEX platform.
The best bot for Tokocrypto
Choosing a good vendor is quite hard considering the sheer number of providers offering their services to the community of crypto enthusiasts. We want to give you several interesting options that work well as introductory platforms for beginners.
- Cornix is a signal supplier that also has a large catalog of automation tools that can be easily used by all investors interested in building a strong portfolio managed by bots. Cornix is also integrated with a variety of other vendors and CEXes to deliver signals of the highest quality.
- Gunbot is a flexible service that can be used to automate operations in the DeFi sector and on CEX websites. Recently, the platform released its large language model based on OpenAI's ChatGPT to write scripts and strategies for users based on their requests.
- WunderTrading offers a large catalog of products including presets like DCA, GRID, and arbitrage bots as well as all the necessary tools to build custom robots from scratch using signals from specialized suppliers or TradingView. The social marketplace is another useful feature that allows newcomers to get started easily. If you need a good trading bot with excellent functionality, this platform is a great choice.
The main takeaway
The exchange we've discussed is the biggest player in Indonesia. It is a regulated entity with all the necessary licenses to operate legally while complying with KYC and AML guidelines. It is also a good target for automation platforms and can be used to run a rich variety of strategies.