Bitsgap Crypto Trading Bot Review


You can automate cryptocurrency trading with Bitsgap and manage your portfolio. Here’re the things you need to know before opening an account.

If you are looking for ways to invest and earn cryptocurrency, you may find yourself reading articles and resources like Bitsgap reviews. But what is Bitsgap? And is it a good platform to use? Take a closer look at the platform through the information below.

What Is Bitsgap?

Bitsgap is a platform that lets people easily trade across various cryptocurrency exchanges. According to the platform, it can find the best rates and manage your portfolio efficiently. These capabilities make Bitsgap a popular option for trading in general.

Additionally, the fact that you can use it with multiple exchanges makes it a widely used platform for arbitrage trading.

Bitsgap Features

The following are just some of the features you can expect from Bitsgap:

  • Compare rates across exchanges
  • Manage investments across exchanges
  • Use basic or advanced orders
  • Switch between exchanges
  • Use a demo account to test strategies
  • Use trading signals
  • Build futures trading bots
  • Conduct arbitrage trading

How Bitsgap Works

Setting up a Bitsgap account is a straightforward process. You can create an account in a matter of minutes. Once you have an account, you just link your account with at least one supported exchange. The linking process is done with an API key.

Once everything is set up, you can start a bot or place an order. Bitsgap lets you switch between exchanges.

How Long Has Bitsgap Been in Business?

Bitsgap has been in business since 2017.

What Exchanges Does Bitsgap Support?

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Bitsgap currently works with 30 exchanges, including some of the most common ones like Bitfinex, Binance, and Kraken.

How Safe and Secure Is Bitsgap?

When you connect other exchanges with your Bitsgap account, you use API keys from the exchanges. This way Bitsgap connect to your exchange account and create orders.

Bitsgap Crypto Trading Bot Review

The trading bot on Bitsgap uses the GRID algorithm. This lets you define the limits and range for your investments. From there, the bot proportionally distributes your investments. You can use bots, but you have to come up with your own trading plan, which requires research.

When the system executes one of your limit orders, the GRID bot places a sell order with a slightly higher price than the market value. The opposite is also true, with the bot automatically placing a buy limit order at a price just under the market value. The GRID bot keeps trading as long as the prices are within your designated range.

Our Bitsgap bot review also mentions that there is a new DCA bot as well as a combo bot. You can also create your own bots, although there are restrictions when doing so.

Signals Review

The signals on Bitsgap highlight price anomalies or sharp price movements. This feature helps you notice any price movement early. That is crucial, as it lets you take advantage of the movement. You can search cryptocurrencies for this feature. But, there is no way to configure alerts for price movement.

Arbitrage Review

As mentioned, the fact that Bitsgap lets you connect multiple exchanges means you can take advantage of arbitrage trading. The platform will track the prices and highlight these arbitrage opportunities for you. When using this feature, you can search for cryptocurrencies and decide how much of your balance to apply to each.

Portfolio Review

You can also use Bitsgap to track your portfolio, including assets on various crypto exchanges. You will see a list of positions and holdings as well as your return on investments. The platform also shows your history and open orders. If you want to see information for a specific exchange, you can easily use filters to do so.

Pros and Cons of Bitsgap

When looking at a Bitsgap review, the most important information is typically the pros and cons of the platform.

Some of its pros are as follows:

  • Simple to set up
  • Preconfigured trading bots
  • 7-day free trial
  • View and use multiple exchanges in one place

Some of the disadvantages of Bitsgap include:

  • No mobile app
  • Limited bot functionality

Bitsgap Pricing and Plans

Bitsgap uses a subscription model with three tiers. Each tier includes a 7-day free trial. The Basic plan is $29 a month and has a monthly trading limit of $25,00. You can have two active trading bots (GRID) and 10 active DCA bots, plus connect unlimited exchanges. It includes your portfolio, trading signals, demo trading, and extended order types. You also get unlimited smart orders.

If you want arbitrage trading, you have to upgrade to the Advanced plan, which is $69 a month. It increases the number of active trading bots to five GRID and boosts your monthly trading limit to $100,000. The Pro plan is $149 a month and has 20 active bots and an unlimited trading limit. You also get priority support and take profit for bots.

What’s Missing?

The knowledge base doesn’t have as much information as some users would like, so there will be a learning curve. There is also a noticeable lack of professional advice for your trading.

Haru Invest vs Bitsgap

Overall, Bitsgap is a platform that lets you track and trade crypto across multiple exchanges, including arbitrage trading. You can use bots, but you have to come up with your own trading plan, which requires research.

By contrast, Haru Invest takes the guesswork out of investing in cryptocurrency. The experts at Haru Invest manage an algorithm that takes advantage of arbitrage trading as well as other strategies. You don’t have to worry about choosing bots or looking at data, as the expertly-managed algorithms handle everything.

Another significant difference between the two is cost. Bitsgap charges you every single month regardless of your profit. By contrast, Haru Invest only charges you if you make a profit over 15% APR and then it is only 15% of your profits. This means you won’t have to pay unless you make a profit.

Conclusion

If you want to link your crypto exchanges and use arbitrage trading on one platform, Bitsgap is a reasonable option. But there are better ways to trade cryptocurrencies.

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