Bitsgap Review: Key Facts to Consider

Bitsgap is an automated trading platform that claims to let you seek out the best opportunities and maximize your gains. It is a system that lets you effortlessly manage all your holdings from a single interface. Apart from placing trading, it also lets you manage your portfolio and test your strategies via demo accounts.

What is Bitsgap?   

Bitsgap is a product from Bitsgap Holding OU, which is based in Tallinn, Estonia. It is supported by Cointraffic, which is the top advertising network for crypto projects, as well as Admiral Markets, which is a leading online trading service provider.

How does Bitsgap help traders?

There are two types of bots on this platform, namely grid bots and futures bots. In a sideways market, it lets you generate profits using the Flat bot that follows the grid strategy, placing orders at equal points between the upper price range and the lower price range. Another popular strategy is buying the dip, where crypto traders buy additional assets once the price has dropped further. 

With the custom bot, you can trade with customized settings. This way, you can select the currency you wish to make profits in, the number of grids, and the grid step in percentage. Also, you can enable trailing features in any combinations. If you wish to make up for losses suffered due to a drastic price fall, you can use the scalper bot to profit off of minor price shifts. 

Bitsgap main features 

Thanks to the smart strategy design feature, you can create your trading strategy without much effort. The platform has a backtest functionality that lets you check how your bot settings would respond to real-time market scenarios. If you don’t have the required technical knowledge to design your own strategies, you can always select from a list of predefined strategies that are based on successful backtests. 

One very effective way to assess your bot’s performance is by using TradingView charts. Since this is a cloud-based platform, you don’t need to perform any downloads. There are different order types available, like market & limit orders, stop-limit orders, shadow orders, and smart orders.

Performance metrics 

The vendor has not shared the performance metrics for this platform.

Ease of use

The trading terminal is quite easy to use and you can easily access the drawing tools, customizable charts, and trade visualization. 

Settings 

Different bots on this platform have different settings like trading pair, invested amount, execution speed, trading time, number of completed transactions, etc.

Safety and security

On this platform, you can use 2-factor authentication to add an extra layer of security. It encrypts your API keys and password, so nobody except you can access them. 

Customer support 

The website has a live chat feature where you can start a conversation with a support team member. You can also write to the team via email or join the Telegram group to seek assistance.

Public experience

This platform has a high rating of 4.6 out of 5 on Trustpilot based on 399 reviews. Users have praised the performance of the system and the responsiveness of the support team.

Profitability 

Profitability depends mainly on the chosen strategy and the market sentiment.

What does it cost to use Bitsgap?

There are three plans called Basic, Advanced, and Pro, and the prices for these are $29/month, $69/month, and $149/month, respectively.

Bitsgap supported exchanges 

Some of the supported exchanges include Binance, KuCoin, OKX, ByBit, Kraken, FTX, Bitfinex, Huobi, Coinbase Pro, Bittrex, HitBTC, Poloniex, Gemini, Gate.io, Liquid, and Bithumb. 

Deposit and withdrawal requirements 

This system does not have deposit and withdrawal permissions.

How to get started on Bitsgap?

After opening the account, you need to link your exchange account using API keys. After that, you can start trading.

The core team of Bitsgap

The key members of the team include CEO Maxim Kalmykov, Chief Strategist Dmitri Laush, COO Sergei Verbitski, CTO Jevgeni Avdeev, CFO Anatoli Girenko, and Customer Support Ervin Kougija.