Bitsgap Trading Bot Review 2023
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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.
Ease of Use
Advantages and disadvantages
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:
Registration on Bitsgap
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.
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:
All plans include:
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:
Types of orders:
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
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.
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.
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:
Bitsgap's algorithms analyse more than 10,000 cryptocurrencies every second to identify upside potential. Features:
The Bitsgap cryptocurrency arbitrage tool allows you to track the best opportunities in the market to exploit price differences between exchanges. How it works:
Bitsgap easily imports and tracks all information from cryptocurrency exchanges on one simple dashboard automatically and for free. Features of Bitsgap Portfolio:
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 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.
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.
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