Bitsgap Review: Is It Safe & Legit Bot?

In this review guide, we will today have a look at Bitsgap, a one-stop crypto trading platform for your Bitcoins and other cryptocurrencies.

A platform that supports the needs of a novice as well as professional traders, offering innovative services that help you to discover the best opportunities in the market to maximize your profits. 

A cross-exchange platform that supports trading, portfolio management, arbitrage, trading bots, advanced charting features, and many more within a single interface. Bitsgap is setting a new standard for the industry. 

So, let’s have a deep look at the platform features and services offered. 

Bitsgap Trading Bot Review

Bitsgap is an Estonia-based multi-exchange platform founded in 2017 and started its operation in February 2018. It specializes in trading bots, arbitrage opportunities, and generating trading signals with the strongest potential using algorithms. 

Cryptocurrency Exchanges Supported

Bitsgap currently supports over 30 crypto exchanges in one platform that includes big and large names such as Binance, Bitfinex, OKEx, Bittrex, Kucoin, Kraken, CEX.io, bithumb, to count a few. 

Combining all exchanges, the platform provides trading opportunities in over 10,000 crypto pairs, which opens up the world of cryptocurrency for users. 

Platform Features

The Bitsgap platform offers an array of services that are focussed on making the crypto trading experience seamless and smooth. The following are the range of services offered on the platform: 

  • Crypto Trading Bots

The trading bots are highly beneficial for professional and high-frequency traders to churn out profits from every market movement. Bitsgap offers three trading bots to its users, SBot, Scalper Bot, Trailing Bot. 

SBot Trading: It is the newest addition to the Bitsgap range of trading bots and is a high-efficiency grid trading bot. It works on the principle of the grid investment distribution logic, which is proportionate capital allocation by many limit orders. The logic helps to maximize returns on bull and sideways trends in the market while minimizing losses on a downward trend market. The average return achieved during the Sbot beta testing using a real deposit account was 3% profit per week. 

Scalper Bot: The scalper bot is a high-frequency trading function that lets you make profits from very small price movements. The bot works on the principle of trailing stop-loss feature, where it tends to maximize profits in a bullish market trend, and using automated trailing, it compensates for the losses during a downtrend. 

Trailing Bot: The trailing bot works on the principle of scalper bot. This bot works well during the sideways market when the price of the crypto pair fluctuates within the specific range. The bot automatically buys and sells cryptocurrencies within the trader’s set upper and lower price limits.

Arbitrage Trading Tool

The arbitrage trading tool helps you to capitalize on the price differences that exist between the exchanges. Bitsgap’s arbitrage feature is integrated with all the exchanges listed on the platform. And, with Bitsgap’s automated and AI-powered systems, the trades can be executed in just one click. 

Crypto Signals For Trading

Bitsgap algorithms are designed to analyze 10,000+ crypto pairs every second and detect every profit-making opportunity in the market. The algorithm lists the coins with the highest growth potential and can also check on the chart whether you would like to use the signal. Alongside this, you can also set smart orders to minimize the risks from such trades. 

Portfolio Management 

You can seamlessly connect and import, track all the information related to your crypto holdings in a simple and easy to use dashboard. Some of the features of the Bitsgap portfolio services are:

  • Accurate tracking based on your trading history
  • Access to multiple crypto exchanges at a time
  • Real-time view of your trades, holdings, and performance
  • Free service without limitations

Smart Trading Terminal

Bitsgap’s smart trading terminal offers access to some great tools which help you to trade efficiently. Some of the unique features of the platform include:

  • TradingView fully supported chart
  • 100+ indicators
  • 50+ smart drawing tools
  • 12 customizable chart types
  • Place/Cancel trades from the chart
  • Basic and advanced order types

Demo Trading

The demo trading environment helps you to gain valuable experience in trading on real-time market data, as well as test all the trade strategies, trading bots, arbitrage, and crypto trade signals. You can practice on 5BTC virtual funds and connect up to 5 most popular exchanges.

Pricing

Bitsgap offers three pricing plans, BASIC, ADVANCED, and PRO. All the account types include a 14-day free trial period.

Basic Pack- Billed $14 per month

  • All standard features
  • Unlimited exchange integration
  • $25,000 monthly trading limit
  • 2 Active trading bots

Advance Pack- Billed $44 per month

  • All standard features
  • Unlimited exchange integration
  • $100,000 monthly trading limit
  • 5 Active trading bots
  • Arbitrage

Pro Pack- Billed $110 per month

  • All standard features
  • Unlimited exchange integration
  • Unlimited trades 
  • 15 Active trading bots
  • Take profit for bots
  • Arbitrage

How To Get Started On The Platform?

Setting up your Bitsgap account is very easy and can be completed within minutes. You can either use the social sign-up option (Facebook or Google) or sign-up using your email-id. Post creation of the account, confirm your email id to start using your Bitsgap account. 

Set-up 2FA by going to the setting options and then connect your exchange account via API Key and a Secret Key. You can also buy your plan at this stage or use the free trial period. Following the successful addition of exchange, you can start your trading journey with the platform. It’s as simple as that. 

  • Security

The exchange is connected via fully secure encrypted API keys and doesn’t have access to your crypto assets. The API only executes the trade and generates an asset portfolio in a secure way. Apart from encrypted API keys, the information stored in the server is encrypted with 2048-bit standard protocol and protected by a firewall, which makes it safer than your internet banking. And, at the user end, the accounts are secured via 2FA. 

  • Support

Bitsgap offers live chat features and email support on all of its packages. on their web platform. Apart from this, it has a Telegram chat feature, where you can discuss any issues, trading strategies, or ask a question with Bitsgap customer support executive.

Moreover, it is active in other social media and community pages, like Facebook, Twitter, Github, and Bitcointalk.org.

You can also access Bitsgap’s knowledge base, where all the information related to Bitsgap’s platform feature, bots, payments and subscription, and FAQs are listed. 

Conclusion: Should You Use Bitsgap?

Bitsgap is quite an impressive platform and one of the best of its kind in the market. With its unique features, trading tools, advanced charting types, signals, and trading algorithms help users to generate a constant stream of profits whatever the state of the market. However, it is to be noted, Bitsgap doesn’t guarantee profits to its users. 

Let’s check some of the pros and cons of Bitsgap.

Pros 

  • All exchange features in one place
  • Smart trading interface and easy to use platform
  • Preconfigured trading bots
  • Arbitrage opportunities
  • Higher trading limits on basic plan package
  • 14 days free trial period on every planning package
  • Secured system
  • Demo account
  • Built-in free portfolio management
  • Good customer support 

Cons

  • Lack of mobile app
  • Limited choice of trading bots

In short, Bitsgap offers a complete package that helps you to automate your trading journey conveniently while helping to manage your crypto assets at a single platform. 

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