Bitsgap Trading Bot Review 2022

Updated 07/07/2022

Rating: 5/5

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Rating: 4,5/5

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What Is Bitsgap?

Bitsgap is a one-stop trading platform where you can merge all your cryptocurrency exchange accounts and trade through a single interface.

Review Summary

Feature

Total Rating

Ease of Use

4,5 ⭐⭐⭐⭐

Commissions

5 ⭐⭐⭐⭐⭐

Reputation

5 ⭐⭐⭐⭐⭐

Customer support

5 ⭐⭐⭐⭐⭐

Design

5 ⭐⭐⭐⭐⭐

Advantages and disadvantages

Advantages

Disadvantages

  • Comfortable platform and quick start
  • Built in trading bots
  • Wide range of pricing plans and 7-day demo account
  • 15+ supported exchanges and over 10,000 trading pairs
  • Local currency conversion and cryptocurrency exchange
  • No mobile app

The service has integrated more than 15 major crypto exchanges, including market leaders such as Bitfinex, Binance, Kraken, Poloniex and Coinbase Pro. The services are the same for each exchange:

  • Trading - trade all exchanges from one page using tools such as Smart Trade, Stop-Limit and Shadow.
  • Automated Bots - make money on every price movement and profit.
  • Portfolio - keep track of your funds and what you're really earning in your live portfolio.
  • Arbitrage - get a head start on the price differential between two or more exchanges.
  • Signals - watch out for any market anomalies and make the right decisions.
Registration on Bitsgap

Registration on Bitsgap

To get started with Bitsgap, create a new account. Go to bitsgap.com, click "Sign Up" or "Get Started Free", enter your email address and password, read and accept the Terms of Use and Privacy Policy and agree to receive emails (optional). You can also use your Facebook or Google account to sign in. Go to your inbox and confirm your registration using the link in the email.

After registering, you will receive a 7-day trial of the Basic package. You can practice with the Demo facilities or connect the exchanges for LIVE trading. After completing your trial, you will be asked to choose one of the paid plans in order to enjoy the extended functionality of the platform in real time. If you decide to stay on the free plan, you will lose some of the features.

Plans

The platform is simple and user-friendly. It works in English, German, Dutch, Portuguese, Russian, Turkish, Spanish and Italian. In Bitsgap, more than 15 crypto exchanges can be combined to work in one place. There are several sections in the personal account interface to use each tool. To test the operation of the service, activate a 7-day trial period. After that, choose one of the tariffs to work with:

  • Basic for £25 per month. It includes standard features, unlimited exchange, monthly trading limit of £25,000, 2 active trading bots, 10 active DCA bots, advanced order types and demo trading;
  • Advanced at £58 per month. Trading limit increased to £100,000. Plan additionally has 5 active trading bots,  10 active DCA bots and arbitrage;
  • PRO for £125 per month. Features: all the features of the Advanced plan, unlimited monthly limit, 20 active trading bots, 10 active DCA bots and priority support.

All plans include:

  • 15+ supported exchanges;
  • 10,000+ trading pairs;
  • desktop and mobile version of the site;
  • demo-mode;
  • portfolio management;
  • trading bot strategies;
  • signals (market anomaly detection);
  • market overview list;
  • stop and limit orders;
  • market, shadow, smart (stop loss/stack profit) orders;
  • order management;
  • TradingView charts;
  • 75+ technical indicators;
  • no additional trading fees;
  • local currency conversion;
  • cryptocurrency exchange;
  • day/night mode;
  • user-friendly interface;
  • email support.
Trading on Bitsgap

Bitsgap Minimum Deposit

The recommended deposit amount is £250-300. You can also make deposits in bitcoins, U.S. dollars and other ways via payment systems.

Trading on Bitsgap

With Bitsgap, you can trade on any cryptocurrency exchange. The multi-exchange platform offers convenient tools with no additional trading fees. The service integrates with Binance, OKEX, Kraken and 15 other exchanges. The trading terminal has such additional features:

  • TradingView charts;
  • 100+ popular indicators;
  • 50+ smart drawing tools;
  • 12 customizable chart types;
  • trading visualization;
  • order changes/cancellation from chart;
  • day and night modes.

Types of orders:

  • Smart. Protect your funds by setting a stop loss and take profit at the same time. If the price changes for the worse, the platform will execute the orders for you while you are away.
  • Shady. Conduct shady trades with order books without reserving any available balance on the exchange. Orders will only be placed once the price reaches your target price.
  • Stop Limit orders. This order will execute at the specified (or better) price once the specified stop price is reached. Once the stop price is reached, the order will become a limit order to buy or sell at the specified price or better.
  • Limit market. Buy or sell cryptocurrency at the best available current market price.

Bitsgap bots

Bitsgap has a bot for trading bitcoins and other cryptocurrencies. Set up automated bots on Binance, Bitfinex, Kraken and more than 15 other exchanges. When the price moves, the algorithm automatically sets buy and sell orders if there is an opportunity for profit. Test your bot's performance in the demo mode for free before making any investment decisions.

The DCA Bot

The DCA Bot

Bitsgap recently introduced a DCA bot to help users during bullish, bearish, and sideways market conditions. The trading tool offers multiple features, including more accurate entry and exit options, risk management options, and more. Users can expect fast and regular results for those who maintain an active trading approach, although long-term holders can accumulate profit while waiting for better price momentum.

Grid Bot

The purpose of the Grid Bot is to help users generate profit from small price fluctuations in either direction. It is an excellent tool for markets in sideways momentum, enabling users to deploy a grid to follow the overarching trend automatically. The Bitsgap Grid Bot helps users make a continuous profit and requires very little oversight. It has built-in strategies for beginners and experts, although users are free to deploy their own strategies as they see fit.

Combo Bot

Bitsgap's Combo Bot is tailored to those who prefer dealing with futures contracts rather than crypto assets directly. The Combo Bot is a viable tool in bullish and bearish markets and combines dollar-cost averaging with grid-based algorithmic trading. It is a more aggressive market approach, as the bot will execute trades on every viable market move. Moreover, the Combo Bot can generate endless returns by automatically placing grid and DCA levels while it runs.

Learn how to set up bots on Bitsgap in the video below:

Functions of bots:

  • Develop a smart strategy. Create your strategy in a few clicks.
  • Test before investing. A test will show how the settings will react to profit and loss.
  • Prepared strategies. Choose one of the predefined strategies based on the successful test results.
  • TradingView charts to evaluate the performance of the bot.
  • No downloads. Uses cloud-based online services.

Trading signals

Bitsgap's algorithms analyse more than 10,000 cryptocurrencies every second to identify upside potential. Features:

  • Monitoring pairs 24/7 to detect anomalies.
  • Appear in the list of coins with the highest growth potential.
  • Checking the chart to decide if the signal is worth using.
  • Setting a smart order to minimise risk.

Arbitrage

The Bitsgap cryptocurrency arbitrage tool allows you to track the best opportunities in the market to exploit price differences between exchanges. How it works:

  • Transactions are calculated based on the user's account balance.
  • Choose between cryptocurrency and fiat arbitrage opportunities.
  • Commissions charged by exchanges are included in profits.
Portfolio

Portfolio

Bitsgap easily imports and tracks all information from cryptocurrency exchanges on one simple dashboard automatically and for free. Features of Bitsgap Portfolio:

  • No manual addition of transactions or coins.
  • Accurate tracking based on trading history.
  • No login to multiple exchanges.
  • All crypto assets in one place for easy management.
  • Real-time viewing of balances, trades and results.

Deposit and withdrawal

For monthly payments, deposits are available from Visa, Mastercard and Paypal cards. If you want to prepay for services, select payment in cryptocurrency (BTC, ETH, BNB, LTC, XRP etc.). All information sent is encrypted, so you can be sure that your bank card details are safe.

There are no commissions on transactions on Bitsgap. You only pay a monthly subscription fee to use the platform to have access to the tools that make trading and managing cryptocurrencies more efficient. You can cancel your subscription at any time. The service does not pay refunds or refunds for partial use of the service or the remaining time of the subscription.

Bitsgap security

Bitsgap uses basic security parameters which are the norm for any such platform.

The platform supports two-factor authentication (2FA). However, it also does not allow access from the API when withdrawals are enabled.

Such measures act as a safeguard to ensure that fraudsters cannot gain control of your money.

Profitability

Considering that the profitability ratio of trading robots is impossible to predict for sure, Bitsgap bot tries not to give illusions to its users. This is an honest approach that increases the credibility of this platform.

The demo mode that exists on Bitsgap is great for giving you an idea of what to expect. It gives you a chance to evaluate the strategies you choose and see if certain mechanisms are profitable.

Conclusion

Bitsgap is a convenient platform for connecting more than 15 crypto exchanges to work in one place. The service has many useful tools that automate and simplify trading. There are no complaints about Bitsgap's performance, users like the robot's functionality and the ability to test the platform with a 7-day trial. The platform could become a basic tool for working with bots.

Latest page updates

1 December 2021 - Added minimum deposit information

7 July 2022 - Added information on DCA Bots

Jack Evans


I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments.

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