7.6K When came around, no one suspected it would begin a revolution of digital money and give rise to so many platforms and businesses. You may be familiar with and wallets already. In this Bitsgap review, we’ll dig deep into what is an all-in-one crypto trading solution. Typically, you would trade cryptocurrencies on an exchange and hold them in your wallets. What if you could trade on different exchanges simultaneously? Also, what if you could manage your crypto portfolio holdings from a single portal? That’s pretty much the idea behind Bitsgap. At the same time, like any other cautious trader, you would want to learn how to research exchanges and cryptocurrencies before signing up. So here you’ll find everything you need to know about Bitsgap.
Bitsgap Key Features
Price
$29 to $149 per month
Fees
No fee
Exchange Support
Knowledge base, email, priority support (only for top tier plans)
Payment Options
Visa, Mastercard, PayPal, Bitcoin, Litecoin, Ether, 50 other altcoins
Bitsgap is an all-in-one crypto trading and holding platform that is not an exchange itself but integrates with popular crypto exchanges, such as Coinbase, and offers trading bots, arbitrage, market signals, and portfolio management, among other offerings. In other words, it’s essentially a crypto trading bot enhanced with advanced features, bringing many of the elements of crypto trading into one place for its customers. Bitsgap was founded in 2018, around the same time when the crypto trading bot industry was booming. Once the masses finally learned about cryptocurrencies and what they meant, there was a dramatic increase in people investing in old and new coins alike. Of course, not everyone is a seasoned trader or has the time to do all the analysis necessary to make trades. This need for trading automation resulted in crypto trading bots, similar to Bitsgap, that do all the hard work for you. Bitsgap is based in Estonia, a small country in the Baltic region of Europe. Since 2018, the platform has seen quite some growth and continues to gain popularity. It’s a subscription-based service with multiple subscription plans on offer. However, there’s also a free trial so that you can try their service.
Bitsgap Trading
While Bitsgap calls itself a one-stop solution for many things crypto, its primary offering is crypto trading and trading bots. Bitsgap integrates with over 15 exchanges, including some big ones like Binance and Kraken, through APIs.
It offers a user-friendly trading interface that brings all these different exchanges into one place so that traders can trade directly from one portal. For example, you can from one exchange and sell them on another exchange for Dogecoin without needing to switch from one to another. Here are the key offerings in trading:
TradingView charts
Technical indicators (over 100)
Chart visualizations
Customized chart visualizations
From the trading portal, you can also manage the balance on different exchanges where you have an account. You can track open positions and look at trading history. It offers different types of orders to suit different trading strategies and needs. These include stop loss and take profit orders, stop-limit orders, shadow orders, and market orders. Aside from manual trading, Bitsgap also offers a trading bot that trades for you. The bot is similar to how automated trading works with stocks or CFDs. It invests proportionately within the range you set, looking for profit opportunities. The bot makes the call based on market movements. The bot will look at current prices for different cryptocurrency pairs and carry out orders when the opportunity arrives. The orders are carried out instantly in the backdrop. There are two strategies to choose from Classic and SBOT. The strategies differ by the amount of base currency the bot buys at each grid level.
Crypto Arbitrage
As trading across different exchanges is easier with Bitsgap; it offers crypto arbitrage. With an AI-powered system, you can simultaneously carry out the same trade on various exchanges. For instance, if a cryptocurrency is pricier on one exchange, you stand to make a profit from there. However, it would be virtually impossible to carry out trades simultaneously manually. The automated tool of Bitsgap does that for you. It calculates arbitrage after taking into account any commission and fee charged by the exchanges.
Signals
Bitsgap also offers signals on market movements and crypto prices, so traders can make maximum profit. It generates alerts if a crypto coin or token is rallying high. Conversely, it also notifies if there are price irregularities for a cryptocurrency. All of these signals are based on data the company collects from the crypto market. Once it identifies irregularities in a currency pair, it compares it against technical indicators before putting out an alert. The signals are useful when setting stop-loss and take-profit orders. Users can set signal settings based on their trading strategy.
Portfolio Management on Bitsgap
In addition to trading on different exchanges, you can also manage your assets on those exchanges from Bitsgap. This feature you will find under the portfolio management part of the interface.
You can track your overall trades on different exchanges and see how your assets are performing. You can customize and generate reports for your analysis or records.
Demo Account
One of the most beloved features of this platform is the demo account. This demo account allows new traders to get a taste of what trading through the platform is like without actually carrying out any orders. The demo account includes five crypto exchanges, five virtual BTC, live market conditions, trading bots, arbitrage, and signals.
Who is Bitsgap Best For?
Bitsgap is a safe and legit crypto trading platform that may be ideal for both new entrants and those traders who have been at it for a while. However, its targeted more towards the latter group, as they are probably already trading on different crypto exchanges. The whole idea of this platform is to bring different exchanges for crypto trading into one place, providing even more profit-turning opportunities for traders. Of course, that would include people who already have assets on different exchanges and are perhaps familiar with crypto trading in general. That said, it is not like any newbie cannot benefit from Bitsgap. They have improved their features and overall interface over the years to make it more beginner-friendly. However, some may argue that it may make sense to start small on one exchange before moving on to several others. In essence, a platform like Bitsgap is perfect for traders who actively trade cryptocurrencies and want the convenience of doing it all in one place. Similarly, it’s also a feasible option for those traders who don’t have a lot of time to do their analysis on different trade options or keep tabs on market moves. The trading bot is designed for such traders, taking the reigns from them to give them profit. According to Bitsgap’s review from traders, features like trading bot and arbitrage can be highly profitable at times, albeit risky.
Where Bitsgap Excels
Although Bitsgap does not have a very high number of users yet, like other similar platforms, it still has done well for itself. By offering multiple products and features, it has managed to realize its vision of becoming an all-in-one crypto trading platform. Here is what Bitsgap’s pros are:
User-friendly Interface
Over the years, Bitsgap has improved its offerings, adding more advanced features that seasoned traders can benefit from. Interestingly, adding more features hasn’t resulted in making the interface complicated. You can easily understand how things work just by using the free trial. You can further understand how the different trade strategies work by using the demo account. And all of these offerings are integrated into a single, intuitive platform. The TradeViews and charts are also easy to comprehend. The portfolio management section of the portal also has a user-friendly look and design. It can make keeping a tab on your assets incredibly easy, freeing up time that you would otherwise spend on each exchange. Speaking of exchanges, integrating your account with your accounts on exchanges is pretty easy as well. All you need is your APIs for each exchange you have an account on. Keep in mind that you will need to create an account on the exchanges and safe cryptocurrency wallets first.
Security
In terms of security, Bitsgap has implemented all the necessary measures to protect you and your crypto assets. For starters, it is a completely encrypted platform, using RA 2048 encryption for all the services. Using your exchange APIs to integrate exchange accounts is completely safe because the platform doesn’t allow APIs until you have disabled the withdraw function. That is a gold standard security implementation in the crypto bot industry. Furthermore, it also offers two-factor authentication to further secure access to your Bitsgap account.
Trading Opportunities
As a platform, it offers tremendous potentially profitable crypto trading opportunities. If you are a professional trader who does everything on their own, you have signals and trade reports to go by. If you are a newbie, you have the trading bot (also grid trading bot) to do the trading for you and turn up a profit. For those looking to make quick profits, crypto arbitrage is a good option. Keep in mind that Bitsgap does not make any guarantees of profits whatsoever, which is actually a good thing and pretty much standard in the industry. In hindsight, a platform offering such guarantees in a trade that is inherently volatile would count as a red flag.
Customizability
No matter what your strategy is for trading, there are a lot of customization options. That allows traders to form their unique strategies. Even when using the bot, you can customize how it goes about trading your assets. Similarly, the trading data and the metrics for performance can be customized to view portfolio performance from multiple angles. This customizability translates into complete control over trading, which many traders would naturally prefer.
Where Bitsgap Can Improve
Bitsgap is a reliable platform for crypto traders by various means. However, there are areas where they can make improvements. For starters, it is a web-only platform. It would be even better if they introduced mobile applications so traders could use the platform even more conveniently. Plus, for features like signals, a mobile app would work even better than the web. Another area where Bitsgap needs work is its knowledge base. While they have a detailed knowledge base that they are growing gradually, its still somewhat subpar as compared with those on other platforms. This may make beginners a bit more hesitant or, worse, make bad decisions with their trades because they didn’t have enough information.
The Bottom Line
As indicated by our Bitsgap review, it is a legit crypto trading platform/bot that offers a wide range of features to regular and new traders. However, the highlight product is trading, particularly trading bots. The addition of signals and portfolio management make the platform even more useful. For those looking for an advanced trading tool, Bitsgap is a viable choice. Automated trading may be risky, but its algorithm is strong enough to result in profits, at least in the short term.
At the same, the platform also gives control to traders, empowering them with different strategies. The various order options increase versatility in terms of trades, which, in turn, increases the odds of profits. It is also important to note that, at the end of the day, there is no guarantee of profits, whether you trade on your own or automate it. Also, the platform is not regulated by any financial or securities authorities.
Review Methodology
Cryptocurrency Haus has an in-depth review process that effectively analyzes, tests, and ranks the most popular cryptocurrency exchanges and startup players in the space. Our process uses an iterative approach which is revisited as needed. We take pride in our independent audit of companies to help visitors like you get the information you need to make educated decisions.
Review Process
We collect product and service information directly from company websites, and we undergo first-hand testing and/or evaluation based on company presentations. External reviews by real users may be used in helping to determine a conclusive rating.
Rating Factors
We take weighted averages of consistent markers for each cryptocurrency exchange, such as security, variety of cryptocurrency, fee schedules, customer service, etc. Based on our iterative process, weightings may change depending on changes in factors that occur throughout the company.
Updates to Reviews
Our team re-evaluates almost all reviews annually and makes adjustments throughout each calendar year. Companies are encouraged to reach out with any new updates that our team may miss.
Frequently Asked Questions
How much is Bitsgap?
Bitsgap runs on a monthly subscription basis with three plans ranging from $29 to $149 per month. The basic plan includes two trading bots and grid bots, whereas the top-tier Pro plan includes 20 trading bots, future bots, and trailing up and down bots. They also offer a 7-day free trial.
What exchanges does Bitsgap support?
Bitsgap currently integrates with over 15 exchanges which include: Binance, Kraken, Kucoin, OKEX, Coinbase Pro, Gemini, Bybit, Huobi, Bitfinex, BITTREX, HitBTC, POLONIEX, Bithumb, Gate.io, Liquid
Founder of Cryptocurrency Haus and Digital Marketing Director. Christy is an avid cryptocurrency, blockchain, and DeFi enthusiast. She has served as a marketing leader and growth expert for hundred-million-dollar businesses in the software and technology space. Contact [email protected]
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