Bitsgap Review 2024: Is Bitsgap Trading Bot Safe For You?

Automated trading has become a choice among investors, alleviating them from the perils of manual trading. Founded by Max Kalmykov, Bitsgap is an automated cryptocurrency trading bot platform that uses APIs to link well-known exchanges worldwide.

The Bitsgap review states that this platform offers compact crypto dealing and portfolio control platforms. In 2018, it entered the cryptocurrency trading markets, offering a 7-day free trial with a demo account and smart trade facilities worldwide for crypto traders and users.

Bitsgap Summary

Official Website https://bitsgap.com/
Established 2018
Available Payment Options VISA, MasterCard, PayPal, Ethereum, Bitcoin, & +50 Altcoins
Cloud-Based Yes
Supported Exchanges Binance, Binance US, Bitfinex, Bittrex, Bybit, Coinbase Pro, FTX, & more
Mobile Support Yes
Plans and Pricing Basic – $23/month
Advanced – $55/month
Pro – $119/month
Free Trial Yes
Academy Program No
Affiliate Program Yes
Customer Support Live Chat, Email, Social Channels, & Knowledge Base Center Support

Bitsgap User Interface

How Does Bitsgap Work?

Bitsgap’s integrated interface has introduced some new statistics and multiple trade types, which empower users and cryptocurrency traders to examine all these new strategies, trading pairs, and risk management tools. 

Cryptocurrencies are also acceptable for getting a Bitsgap subscription. Users can try paper trading before trading cryptocurrencies with real money. It will enable you to choose between crypto-to-crypto and crypto-to-fiat arbitrage opportunities.

    1. Create your account on Bitsgap.
    2. Link it with supported exchanges with your unique API key and your secret API key.
    3. Finally, start trading crypto with your trading activity.

Bitsgap Review: Pros and Cons

Pros Cons
Back Testing feature Monthly subscription fees
Signals for running crypto bots
Options to edit the range of your bots
Hardware security keys & 2048-bit encryption
Well established team
No withdrawal fees

Bitsgap – Trading Bots

Bitsgap offers The best attraction of the Bitsgap bot trading is its consideration of automated trading approaches. It offers users different types of automated trading bots to make a static attitude to cryptocurrency trading and portfolio management. Cryptocurrency trading bot platforms have unique patterns and methods that help make your crypto bots more profitable. You can pick up any popular trading pairs according to their performance.

Grid Trading Bots

The prime motive of the Grid bot is to enable players to profit from small price movements in both directions. In sideways momentum, when there is not much action in the market, the Bitsgap grid bot is a wonderful tool to gain continuous profit from small price fluctuations. It helps the players position a grid to observe the overall trend automatically.

It applies to a volume-weighted average price of all trading orders and represents a profit percentage concerning this average. It helps the users earn a consistent profit and needs minimal command. It also has some predefined grid strategies for newcomers and experts, even though players can use their grid trading strategy. The Grid bot reverse mode feature allows the trader to sell cryptocurrencies high and buy cheaper and low when the market falls and a chance to capitalize on the fall of any crypto assets.

Bitsgap Grid Trading Bot

DCA Trading Bots

Bitsgap launched a DCA bot that helps users throughout bullish and bearish situations whenever the market moves sideways. This trading tool has various new features like more accurate entry and exit options, risk management options, and many more. The DCA bot offers a quick and efficient result facility for players who sustain active trading bots technique.

The DCA bot also consists of risk management tools that help you positively grow your trades. These tools are Trailing Stop, Drawdown Limit, and Risk Reduction. According to Bitsgap Reviews, this DCA bot is a technical trading strategy.

Bitsgap DCA Trading Bot

Future Trading Bots

Bitsgap introduced the Futures bot that allows users to trade crypto between various Dollar Cost Averaging (DCA) orders and claim profits that are arrayed in a grid whether the market is flat, rising, or falling. The futures bot allows you to trade with a leverage position from 1x to 10x and also enables you to trade funds that are almost 10x larger than your investment. Bitsgap arbitrage allows you to execute trades on the short side and earn money from falling prices.

You can use these futures crypto trading bots for trading from one of the two trading margin techniques that use a fixed investment size or invest your entire exchange balance on the future’s platform. The supported crypto exchange for trading futures is USDT Future on Binance.

Bitsgap Futures Trading Bot

Exchanges Supported by Bitsgap

Bitsgap has 25+ supported exchanges, some of which are the best crypto exchanges. Binance, Bitfinex, Kraken, OKEX, Bittrex, Kucoin, DDEX, IDEX, GEMINI, ZB.com, CoinEx, and others are the names of trading bot platforms provided by Bitsgap.

Key Features of Trading Bots

Ready-Made Strategies

Bitsgap gives you a facility of ready-made strategies. These predefined strategies are based on successful backtest results, and you can select what suits you best.

Performance Analytics

This has an interesting feature of Performance Analytics. It gives you a detailed understanding of your results with complete statistics of your bot.

Free Demo Mode

It has extra smart order trading features of “Free Demo Mode” that allow you to enhance your trading skills in a risk-free demo atmosphere before investing real money. Log in to your demo account, and it’ll be smooth sailing with multiple attempts to create new strategies.

Arbitrage

For those that wonder how does Arbitrage work? It is a fusion of trades gained by using the price difference of similar trading pairs between two or more crypto exchanges. It is highly beneficial whenever there are arbitrage opportunities available to the trader.

Profit 24/7

Bitsgap is a cloud-based platform that allows your automated bots to work continuously 24/7, even when you are offline. Traders can take profit orders with the help of the Trailing Take Profit (TTP) feature available on Bitsgap. However, this feature is available only for Spot Trading.

Security

Bitsgap provides a safe and secure network for cryptocurrency trading. So it uses high-end encryption to maintain the security of the connection between the platform and the connected exchanges. It also offers a portfolio tracking facility for better security of your digital assets.

 

Smart Trading

The advantage of the Bitsgap Smart Orders Trading terminal is that it offers the user many tools to make more and more base currency and reduce the trading risk. This “Smart Trading” option is in the “Platform” section in the website’s upper right corner. The Smart trading option offers the following tools:-

Limit

Traders can set a limit order instead of a market order. Market orders will let traders buy or sell cryptocurrencies instantly at the available rate; limit orders are perfect for those who will tolerate the waiting period for the best price.

The Buy limit secures you get the price you set or lower on the market compared to market orders. The Sell limit will open positions for you to get the price you set or higher on the market.

TWAP (Time-Weighted Average Price)

Works best for large orders that may have a significant market impact. The purpose of TWAP is to minimize the market impact on basket orders.

Scaled

It helps to ensure that larger-sized trades are not subject to increasingly deteriorating prices. Users can use a scale order to get a better average price when entering or exiting a position. A scale order includes multiple orders at different prices to avoid the market impact of issuing one large order.

Market

This type of order guarantees that the order will be executed but does not guarantee the best or desired execution price!

Stop

Stop market orders can be trading orders to buy or sell, but no action occurs unless the price hits that trigger. The stop order becomes a market order once the set price is met. This order is often named the Stop Loss order.

To enable Stop Loss, enter the price at which the order needs to be executed. The bot will automatically halt proceedings and sell the base currency when the condition is met.

The Stop Loss can even be positioned above the known Lower Limit Price. If Trailing Up is set to disable, the Stop Loss is permanent. However, if enabled, the Stop Loss evolves to be dynamic and follows the Lower Limit Price at a specified break.

Stop Limit

Order will be executed at a specified (or better) price after reaching a given stop price. Once the stop price is reached, this stop-limit order becomes a limit order to buy and sell orders or the traded asset at the limit price or better.

Bitsgap Smart Trading

Demo Trading

Sign in with your free account, and you will find the Demo Trading option in the upper right corner of the website. This allows you to convert your trading account to the Bitsgap demo account. It is a good option for beginners. In this demo account, you will receive some bogus demo funds that allow you to examine your strategies and understand the trading strategies without risking real money.

This trading facility allows you to learn how to use different trading tools of the Bitsgap platform. Following are the benefits provided by the terminal: While making this Bitsgap review, we get to know the following benefits offered by the trading platform:

  • Gain access to 5 leading crypto exchanges.
  • Practice trading with 5 BTC in virtual funds.
  • Trading experience in live market conditions.
  • Test out trading strategies.
  • Try out signals, active trading bots, and arbitrage deals.

Bitsgap Demo Trading

Bitsgap Account Sign-Up Process

Register a Bitsgap account on the website and accept all the terms and conditions of the present agreement to start placing orders. You must download and install the application and submit your API keys to the application.

To create an account, you are required to register on the platform, and you can do it by entering your email ID, creating your password, and finally confirming the email ID to complete the registration process. Moreover, you can also link your account to Google or Facebook.

Any person who is completely authorized or any legal person may apply for an account. At the time of account opening, you have given your real name, all needed personal information, and company registration information. You must provide accurate information.

If an authorized person is creating an account on behalf of the legal person, he has to prove that he has all the essential rights and powers to do that. After that, a photocopy or scan of some documents, like your passport, ID card, driver’s license, utility bills, and payment method details, is required for account verification.

The company has all the rights to accept or reject anyone’s account registration request without any explanation. Complete and valid acceptance of all policies and terms and conditions are necessary for account registration.

Bitsgap Sign Up Process

Bitsgap Affiliate Program

Bitsgap Affiliate program gives multiple trading opportunities to its users to gain some profit from online mode. If you introduce the new trader to the platform by attracting them through online marketing channels and if they generate some revenue, the company offers you a revenue-sharing percentage. This program is an opportunity to make some extra money by advertising the products of Bitsgap on your website and attracting new players.

When a new user introduced by you makes a registration, it will be automatically assigned to your affiliate account forever. All the calculations of the affiliate program are made in EUR and paid out in USDT ERC-20 based on the exchange rate at the time of payment. The minimum payout amount is €25, which will be paid to your online crypto wallet within 5 days.

Bitsgap Affiliate Program

Bitsgap Affiliate Competition

Bitsgap Affiliate is a monthly competition that allows you to ask your friends to join the competition as paid users and get a percentage share of generated revenue. Every new paid user who entered the competition shot up the prize by 3 USDT. To participate in this competition, you must register your account on the platform and, use appropriate marketing tools in your promotions, present the Bitsgap to your audience in the best way to attract them.

The prize will include all paid members. The prize reward automatically increases when you introduce a new paid member, and only the top 25 members will be eligible to share the award. But there are some conditions to calculate the rewards like:-

  • Rewards will be calculated based on paid plans activated during the tournament month.
  • Every new referred user will increase the overall prize pool by 3 USDT.
  • Prizes will be credited to your affiliate balances in USDT within 7 business days after the end of the tournament.
  • Affiliate Program Conditions apply.
  • Winners: 25.

Pricing Plans of Bitsgap

Bitsgap offers three unique pricing models to its users as per our research and Bitsgap trading bot review. Basic, Advanced, and Pro plans; instead of standard payment methods, you can use digital currencies to pay the Bitsgap subscription. Here is a brief explanation of these plans:-

  • Basic Plan: It offers access to several automated crypto trading platforms and arranges trading signals; this plan costs $23 monthly. It provides users to use only Grid and DCA trading bots.
  • Advanced Plan: This plan offers a trading limit of $100,000 per month for $55 monthly. Bitsgap Arbitrage action trading, 5 active trading bots including Grid Bots, DCA Bots, and Future Bots are other advantages of this plan.
  • Pro Plan: It costs $119 monthly with an unlimited trading limit. And allows the users to access 25 Grid trading bots, 250 Active DCA trading bots, futures bots, and Bitsgap trailing bots.

One exciting part is that if a trader gets registered six months in advance, it relaxes the subscription plans, unlike multiple platforms that offer competitive rates.

Basic Plan Advanced Plan Pro Plan
2 Active Grid Bots 5 Active Grid Bots 25 Active Grid Bots
10 Active DCA Bots 50 Active DCA Bots 250 Active DCA Bots
Unlimited smart orders Unlimited smart orders Unlimited smart orders
Future Bots Future Bots
Trailing Up & Down for Bots Trailing Up & Down for Bots
Take profits for Bots

Bitsgap Pricing Plans

Bitsgap Payment Methods

Bitsgap offers several payment options for deposits and withdrawals to their customers. The advantage of the availability of different payment options is that it makes the deposit and withdrawal of funds more accessible, a positive platform feature.

It encourages the players for quick, fast, and hassle-free trading. Bitsgap supports Visa, Mastercard, and Paypal as monthly payment methods. They also accept cryptocurrencies like BTC, ETH, BNB, LTC, XRP, etc. Bitsgap uses RSA 2048-bit encryption to secure all the information you submit and assure you that our credit card information is safe.

Bitsgap Customer Support

When you decide to invest in the cryptocurrency markets and choose one of the Bitsgap packages, the most critical question that arises is who will help you in case of any trouble or issue related to trading on the Bitsgap platform.

Bitsgap tries to offer the best customer support and service to its customers. It offers chat support to its users directly from the platform. The customer service representatives are professional and courteous, offering support and investment advice whenever requested.

A “Knowledge Base” section is available at the bottom of the website’s homepage, where you can find the answers to many of your general queries. Besides this service, the website of Bitsgap also provides information about different types of products, trading techniques, pricing plans, affiliate programs, affiliate competitions, payment methods, and many more.

Bitsgap Live Chat Support

Bitsgap Review: Conclusion

The final overview of Bitsgap is that it is a trusted and profitable cryptocurrency trading platform with many features that attract experienced traders worldwide. Easy setup and integration, support for over 25+ cryptocurrency exchanges’ technical indicators, and a wide range of Bitsgap crypto trading bots make it attractive for inexperienced traders.

Our Bitsgap review proves that it is an excellent crypto trading platform. A strong Bitsgap team, clear revenue model, advanced features, and perfect product make you think you should try it at least once as you start trading in crypto.

FAQs

Is Bitsgap Safe?

Yes, Bitsgap takes security very seriously. Bitsgap uses complex passwords, Hardware Security Keys/FIDO2 as a 2FA method, and the RSA 2048-bit encryption to protect all user data — from login attempts to the stored unique API key. This secure network feature makes Bitsgap safe.

Does Bitsgap Take a Commission on Trades?

Bitsgap does not take any charge or other hidden transaction fees on trading. It is a legit platform that announces its process to the letter.

Does Bitsgap Have Access to your Exchange Wallet?

Bitsgap does not allow anyone to access your linked exchanges wallet and not to make any changes. Your funds will always be safe and remain in your cryptocurrency exchange account.

What Are the Payment Modes Supported by Bitsgap?

For monthly payments, Bitsgap supports Visa, Mastercard, and PayPal. If users want to pre-pay for the services, they can pay in cryptocurrency (BTC, ETH, BNB, & more).

How Does Bitsgap Make Money?

Bitsgap is a paid tool. One of the ways they make money is by offering subscriptions for their bot services. Traders can look at the pricing model for their research and compare it with multiple exchanges and trading bots.

What Are the Fees for Bitsgap?

You only have to pay a monthly subscription fee to use the crypto trading platform. The fee structure is mentioned in the Bitsgap review.

Disclaimer: This page does not solicit or recommend investments, nor does it provide trading or financial advice. Before investing in cryptocurrencies or engaging in securities trading, you should conduct thorough due diligence, including consultation with a certified financial advisor. We accept no liability for any financial losses incurred.

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