Bitsgap gives you a chance to create your strategies with just a few clicks and backtest them to see how they will respond in the market. The platform also provides some great tools like technical indicators, TradingView, smart drawing tools, etc., to enhance your trading experience. Moreover, you can get an edge over the market by working with its basic and advanced order types.
How does this crypto bot work?
This bot automates the crypto trading process, thus eliminating the need for users to trade manually. Through its inbuilt strategies, the bot hopes to assist traders to make profits at any time and in all market conditions. Simply select the strategy you need to work with, configure, launch, and watch it make money without your intervention.
Getting started with Bitsgap
The process of accessing Bitsgap is simple and quick. First, go to the official page and click “sign up” or “get started free.” Then, key in your email and password. Go to your inbox and confirm your email by clicking on the link sent to you. Once your email is verified, you will access your Bitsgap account and connect to the exchanges you want to work with. Lastly, select the type of bot or strategy you want to trade with.
Company information
The software was created by Bitsgap Holding OU, a company based in Estonia. The team, which consists of security experts, marketers, and traders, says it is on a mission to make crypto trading easier by providing simplified tools. Maxim Kalmykov is the face of the company, being the CEO. Employees under him include Dmitri Laush, who is the chief strategist, Sergei Verbitski, the COO, and Jevgeni Avdeev (CTO), among others.
Features of Bitsgap
Multiple trading bots
The platform offers a number of automated systems such as grid, DCA, Futures, Scalping, Sbot, and Classic bots that incorporate unique strategies that the user can capitalize on to make profits from the market.
Trading terminal
A trading terminal is featured, and it provides the user with an interface to trade in the crypto market. It is packed with extra features like trade visualization, 12 customizable chart types, 50+ smart drawing tools, over 100 most popular indicators, and more.
Demo trading account
This account is funded with simulated demo money, enabling you to test your strategies and obtain trading experience with no risk involved.
Strategies of Bitsgap
Bitsgap offers several trading methods for its users, including scalping, grid, buy the dip, and dollar-cost averaging strategies. So, you can choose the one that suits your individual trading needs.
Pricing, fees, and commissions
The platform has fairly modest pricing models. For $29/month or $24/month, you can access the basic plan and enjoy these standard features: 2 active trading bots, grid bots, and unlimited smart orders. The advanced package, which is priced a bit higher at $69/month or $57/month, provides extra features such as 5 active trading bots, futures bots, and trailing up and down for bots.
The last plan, pro, requires that you pay $149/month or $123/month to receive features already available in the advanced option, in addition to 20 active trading bots and take profit for bots. A 7-day free trial is offered for traders who would want to try out the software first to see how it works. No trading fees or commissions are charged.
Deposit requirements
The bots available on the platform have preset minimum deposit requirements, but the amount mainly depends on your chosen settings. Each exchange normally sets restrictions on orders, so the minimum balance needed to start trading may vary depending on order size.
What exchanges does Bitsgap support?
Bitsgap has partnered with the following exchanges:
- Coinbase Pro
- Huobi
- HitBTC
- OKEX
- Bybit
- Bittrex
- Bitfinex
- Binance
- Gate.io
- KuCoin
- Poloniex
- Liquid
- Bithumb
- FTX
- Kraken
- Gemini
What languages does Bitsgap support in their brand?
Unfortunately, we don’t know which programming language this robot is written in. The vendor doesn’t include this info in their presentation. The product presentstion is written in English.
Can you really make money with this bot?
Yes, you can. The key lies in configuring it properly, testing the efficiency of its strategies on a demo account first, learning about its workings, and capitalizing on all the present profit optimization tools like Trailing Up and Take Profit. Otherwise, you could experience losses that you may never recover from.
Advantages of Bitsgap
- Features hundreds of indicators
- Risk management options available
- Allows demo trading
- Offers multiple trading strategies
Disadvantages of Bitsgap
- Doesn’t have a mobile app
Customer support
There are various customer support options to choose from with Bitsgap. In case you have any questions or issues with the service, the team advises that you contact them directly via Telegram, email, or live chat. A knowledge base is also available. Apart from including an array of articles on different topics relating to Bitsgap, it also covers some of the FAQs, so you may not need to talk with support agents directly.
Who is Bitsgap suitable for?
This platform is suitable for traders who would like to work with multiple strategies. As mentioned earlier, Bitsgap comes with several bots. These can allow you to trade the sideways market, combine grid and DCA algorithms, benefit from tiny price movements through high-frequency trading, and leverage downtrends.
Bitsgap summary: is it worth going for it?
Bitsgap is worth a try. We have seen in this review that it comes with numerous features that can maximize your chances of making substantial revenue in the crypto space. The platform is even a better choice for traders who would like to experiment with different strategies. As a result, they will be able to diversify their income stream.
