With the increase in demand and user base of cryptocurrency worldwide, the crypto market has become more dense and competitive. Therefore, to survive in it, you need tools and platforms to minimize risks and maximize profits. In this review, we will discuss one such automated trading platform called Bitsgap.
What is Bitsgap?
Bitsgap is an all-in-one trading platform for Bitcoin and other cryptocurrencies. Bitsgap can help you manage your crypto assets through a wide set of features they provide.
The team of Bitsgap consists of traders, security experts, marketers with a goal to make a global platform to trade and manage crypto efficiently. All in all, we can say that Bitsgap is a reliable platform when it comes to cryptos.
Bitsgap Review 2022: Key Features
You cannot survive in any market until and unless you provide users with something new and beneficial. Bitsgap has been able to do so with the use of the following features and products:
With a trading terminal, you get the following advantages:
- TradingView charts fully supported
- 100 most popular indicators
- 50 smart drawing tools
- 12 customizable chart types
- Trade visualization
- Change/Cancel orders from the chart
- Day and Night modes
Another useful feature provided by Bitsgap’s trading terminal is that the platform will complete orders for you while you are away in case prices take a turn. These orders will be executed once a ‘stop price’ is reached. This stop price is the best price at which you can buy or sell cryptos. It also enables one to make shadow orders; what it means is that you can trade off the book, and orders will be placed only when the prices reach your goal.
Bitsgap provides you with its very own trading bot that you can set on Binance, Bitfinex, Kraken, and 25 other similar cryptocurrency exchanges.
The algorithm that supports this bot will automatically set, buy and sell orders to maximize your profits. You just have to connect your exchanges to the bot and then sit back and relax. Bitsgap’s bot will handle everything.
With Bitsgap’s trading bot, you get the following advantages:
- Smart strategy design: You can create your bot’s trading strategy very easily and conveniently.
- Test before investing: A backtest shows how your settings would respond to profit and loss.
- Ready-to-go strategies: You get to select from some predefined strategies based on those backtest results that were successful.
- TradingView charts: TradingView charts can help you to assess the performance of your bot.
- No downloads needed: The platform is always updated as its services are based on the cloud.
- Safe and secure: Bitsgap’s bot ensures maximum security by keeping your funds on the exchange balance.
Bitsgap’s algorithms have been designed in such a way that they can easily analyze over 10,000 crypto pairs every second to detect the best opportunities with great potential. Basically, what Bitsgap Signals does is that it makes coins with the highest growth potential appear in the list. You can then set a smart order to minimize your risks and maximize your profits.
Bitsgap Arbitrage is a tool that helps you to exploit the price differences in different exchanges to make quick profits. In simple terms, if you buy Bitcoin or any other similar cryptocurrency from an exchange at a low price, you can make a profit by selling it in an exchange where the price for the same crypto is higher than what you bought it for.
This is a great feature as not many people can do this on their own because it takes a lot of time. Besides, it is impractical to do it manually. Bitsgap Arbitrage’s AI-powered system has made it a lot easier to make profits this way.
Here’s the detailed post on the best crypto arbitrage bot.
With Bitsgap Portfolio, you can easily monitor over 1800 cryptocurrencies, including Bitcoin. It can also import all of your information from your crypto exchanges into one dashboard, and that too for free. Since all of your digital assets are in one place, logging into multiple exchanges is not required anymore.
Everything is automatic, and therefore, you do not have to do any transactions manually. It also tracks your trading history, thus providing you with suggestions on the way you prefer to trade.
Demo with Virtual Funds
You don’t have to worry if you are new to trading. Bitsgap Demo has you covered.
Your Bitsgap account will be funded with demo money (5 BTC virtual funds) that you can use for testing your strategies and building your confidence to invest in cryptos. You will get access to the five most popular crypto exchanges. You will also be allowed to try Bitsgap’s best tools that include Arbitrage, Signals, and Trading Bots.
Bitsgap Plans and Pricing
Bitsgap gives you a 14-day free trial, and that too without the requirement of a credit card. This is a great thing because this will enable many students to learn about trading in the crypto market and gain experience for free.
The basic plan starts at $19/month. It offers you almost all the tools mentioned above, along with unlimited exchanges.
The advanced plan ($44/month) provides you with five active bots compared to the two active bots provided by the basic plan. It also offers a monthly trading limit of $100,000, which is four times that of the basic plan.
The $110/month Pro plan offers 15 active bots, with an unlimited monthly trading limit and with all the tools mentioned before.
Bitsgap Reviews: Online Sentiment
The reviews on Trustpilot are average and most users complain about the lack of customer support. Many do like the overall features of the bot but also say that it is not easy to use. Bitsgap has an active Twitter account that is updated with product-related tweets frequently. The subreddit seems to be dead and there is no activity, this seems to be the case with most bots barring exceptions like Cryptohopper which has an active community on Reddit.
Bitsgap Customer Support
One aspect that Bitsgap lacks by a mile is customer support. It was difficult for us to navigate to the support page and get in touch with them. They do have a resourceful help center but this is not sufficient. Trading bots should have robust support because bugs and failed transactions can occur at times.
What we Liked
Bitsgap is a holistic platform with access to multiple features, which makes it ideal for different types of user profiles. The pricing of this platform is very competitive and they even offer a free trial. Their help section comes in handy when you get started with setting up your account and initiating trades.
What we Didn’t Like
The platform is not easy to use, there is definitely some amount of learning curve before you get used to all the features. It is very difficult to reach out to the support, we couldn’t even find a dedicated contact page.
To Sum up the Review
Bitsgap offers some great features that are not available on other trading platforms and that too for some worth-it prices. Bitsgap is highly recommended if you are looking for a way to minimize risks and maximize profits. On a side note – the platform is not super easy to start with but it gets better with time.
Anish loves reading, researching, and writing about crypto and blockchain. He started his crypto journey early in 2017, what started as a fad is now a full-time hobby. He curates guides after thorough research on platforms and is responsible for the most in-depth guides on the site. You will find him walking his dog (not Doge) when he is from his Laptop.