Bitsgap Review: In-Depth Review 2024
Cryptocurrencies are the growth assets of our time right now. The industry has seen exponential returns each year and as such, crypto trading is now part and parcel of modern-day investing. However, managing crypto-assets can be a pain especially for people with varied trading strategies and crypto-assets spread all over in multiple exchanges.
But what if there was a way to trade and also manage your portfolio of assets in one single interface? Well, here is where Bitsgap comes in. Bitsgap is an all-in-one trading bot that allows crypto traders to manage and execute their trades using a single app.
In this review, we will give you more details about this trading platform including what it is, the features that it offers, some pros and cons, and why it’s a must-have for your trading strategy.
Bitsgap Review: What Is Bitsgap?
Bitsgap, as noted above, is an all-in-one crypto trading platform that gives traders everything they need in one single interface. Whether you are looking to deploy trading bots or perhaps you just want to access arbitrage opportunities for cryptocurrency trading, a Bitsgap account will make it happen. The platform also gives you innovative portfolio management tools that allow you to track all your assets across various crypto exchange accounts.
The Bitsgap trading bot also connects your exchange account across various crypto exchanges to give you a simple more straightforward way of buying these digital assets. As of now, there are 25 supported exchanges including Binance, Coinbase, Kraken, and others. Think of Bitsgap as a trading terminal that opens up the cryptocurrency trading world for you in one single application or interface.
The platform also comes with a demo mode, a paper trading account that can help novice traders polish up their skills before opening a real exchange account. In the end, Bitsgap is designed to give you a simpler more efficient way of not only buying and selling crypto, but also managing all your assets in any crypto exchange.
How does Bitsgap work?
It only takes about three simple steps to start using Bitsgap. First, you need to sign up for a Bitsgap account. Here, you will be asked to fill in some personal info but if you want, you can also sign up with Google or Facebook. Once your account is approved, the next step is to link it to your exchange accounts or wallet using API keys.
As noted above, the platform supports 25 cryptocurrency exchanges, including some of the biggest in the crypto market like Binance and Coinbase. It’s therefore unlikely that your favorite exchanges won’t be supported. Once the platform is linked to the exchange, you can now buy and sell assets directly via the Bitsgap terminal.
Although the platform does not offer support for unlimited exchanges, it gives you enough variety to trade a wide range of digital assets. Also, if you are not a seasoned trader, take some time to familiarize yourself with how everything works using a Bitsgap demo account.
What are the Features of Bitsgap platform?
Bitsgap is also loaded with some incredible features designed to help you maximize its value while taking zero financial risk. First, the platform has advanced arbitrage tools. These tools allow you to maximize price differences between various assets across different exchange. It will also help you reduce the risk of slippage when you trade.
There is also the innovative trading terminal. This is basically the gateway to the entire crypto market. It allows you to buy and sell crypto assets across various exchanges using on single interface. The exchanges Bitsgap supports are also among some of the leading in the world. The only thing you need is an exchange balance or account balance in your wallet to be able to trade.
Do not also forget to take full advantage of the trade signals offered as part of the deal here. Crypto trading pairs can be very volatile at times but with advanced research and signals, Bitsgap helps you make sound financial decisions. You will also get access to the automated trade robots. These bots can also be customized to cater to your strategy but they are mostly preconfigured to help you get started as fast as possible. Bitsgap bots have a very good track record of delivering returns to users.
Bitsgap users also get advanced portfolio tracking tools. Managing a wide variety of crypto assets can be tough. But Bitsgap brings all these assets in one place and gives you advanced portfolio management solutions. You can also use these tools on mobile to ensure you trade and manage your portfolio on the go. Bitsgap has also invested heavily on platform security, better technology, and a state of the art customer support team to ensure you have a seamless experience using its platform.
Bitsgap Pricing?
So, Bitsgap has three pricing plans that attract a fixed monthly fee. Sadly, the platform has no free plan albeit you can try out the demo account or use the 14-day free trial. But to unlock the full value of this platform, you will need a paid account. The entry-level plan goes for $29 a month. Here, you get two active Bitsgap trading bots, Grid trading robots, and unlimited smart orders.
The advanced plan goes for a monthly fee of $69. There are 5 active cryptocurrency trading bots here, futures trading bots, unlimited smart orders, an innovative arbitrage feature, and so much more. But in case you don’t want any trading limit for all your crypto assets, then the Pro plan is highly recommended. It goes for a monthly subscription fee of $149 but you get up to 20 trading bots, smart buy and sell orders, and the ability to set loss and take profit on the crypto trading bots. The pro plan is suited for experienced large-volume traders.
Who is Bitsgap Best For?
Bitsgap is a multipurpose all-in-one crypto trading platform designed for seasoned traders. Although novice traders can still try, based on the advanced features and superb automated trading, it would be more valuable to regular more experienced traders. Besides, it’s also ideal for people who have a highly diversified crypto portfolio.
As you know, there are numerous crypto pairs these days and you can use any of them as part of your arbitrage strategy. But you need a superior trading technology that tracks price movements and executes trades at the best market price. That’s exactly what Bitsgap offers. Its top trading bots will make crypto trading feel more intuitive and convenient for all traders.
Bitsgap can also be a great tool for traders looking for fiat arbitrage opportunities across multiple trading exchanges. You will also enjoy using this platform for well-researched and actionable buy and sell signals across all assets. Although a trading signal does not constitute investment advice, it can help you gauge the market value of an asset before you execute trades. This can in the long run help you maximize the chances of making more returns when trading pairs.
Bitsgap Pros and Cons
This Bitsgap review won’t be complete without a list of pros and cons. Here is a breakdown of each of them:
Pros
- The platform comes with a pre-configured cryptocurrency trading bot service that makes set up easy
- The trading platform also feels easy to use even for beginner crypto-traders
- You also get a wide range of features including arbitrage opportunities and others
- Over 25 exchanges are supported
- There is a 14- day free trial to help you gauge the tools and how they work
- Users also get excellent customer support
Cons
- The monthly price charged does not account for the exchange fees so it can be expensive to trade
- Bitsgap does not offer comprehensive tutorials on how its platform works
Bitsgap User Experience
The overall user experience for Bitsgap users is quite good and it’s not hard to see why. The firm has created an intuitive and easy-to-use trading platform and bots. You can easily set take profit orders, deploy any trading bot Bitsgap you want, and track your trading history with a set of simple and innovative tools. In fact, it can easily be argued that Bitsgap makes crypto trading easy and when you consider over 25 exchanges are supported, you get such a convenient opportunity to manage your assets.
Also, the Bitsgap bot, or at least most of the trading bots, are fully preconfigured. You don’t need any programming experience to use these tools. We did also notice that there is a lot of effort by Bitsgap support to ensure traders unlock the highest value from the platform. In addition to a live chat customer support feature, you also get 24/7 email and phone support to help you with anything.
The only area the platform should work on is basically offering more detailed and reliable tutorials. For example, although using an API key to connect to a crypto exchange wallet may seem easy for a seasoned trader, for the new ones it’s harder than it looks. Tutorials on how to do this can however solve the issue.
Bitsgap vs Competitors
Bitsgap is not the only multipurpose trading platform in the crypto market today. There are a few others that match up to it in every respect. Here is a breakdown of how the trading platform compares with others out there.
1. Bitsgap vs Gemini
Although Gemini is more of a crypto broker or exchange, it still shares a few similarities with Bitsgap. For instance, both offer innovative trading bots with a demo account and some advanced portfolio management tools too.
However, since Gemini is an exchange on its own, it saves you a lot of money in fees. This is because you don’t have to pay trading fees and monthly fees to use its tools. But the Bitsgap trading terminal allows you to trade more pairs as long as you have used the API keys to link to the various exchanges Bitsgap supports. You also get faster trade execution and trading signals to help you with independent financial advice.
2. Bitsgap vs Coinrule
CoinRule is also an automated trading platform that offers you professional algorithmic trading 24/7. Think of it as the bot that trades for you and with a very good degree of success. The platform also allows you to customize trading rules and fine tune your strategy based on prevailing market conditions.
Although CoinRule offers support for various exchanges, it is not nearly as much as Bitsgap. Also, you will get more signals from Bitsgap than CoinRule. But Coinrule is also relatively cheaper and includes a free starter package for beginners. However, it can also be expensive for folks who want to use the Pro version which goes for nearly 3 times that of Bitsgap. Nonetheless, there is no trading limit there.
3. Bitsgap vs Pionex
Pionex is one of the most advanced automated trading platforms, offering users up to 16 different in-built trading bots to use. However, as shown in this Bitsgap bot review, Pionex still doesn’t match up to the features that Bitsgap offers. But the two do have some incredible similarities.
For example, Pionex, just like Bitsgap, offers advanced arbitrage features that allow traders to track the price difference of an asset across various supported exchanges. You use get a superb grid trading bot.
The only downside with Pionex is that very few coins are supported and you cannot link it to as many exchanges as the Bitsgap trading bot. Also, Pionex does not offer clear guidelines on pricing and this can be a challenge for most traders.
4. Bitsgap vs Altrady
Altrady is perhaps one of the few trading platforms that are almost the same as Bitsgap in terms of how they operate. Both these platforms allow you to trade cryptocurrencies across various platforms. You also get superb automated trading bots and advanced portfolio tracking tools to keep track of your assets.
However, Bitsgap is a bit more superior in terms of technology and efficiency. On the other hand, Altrady users get to pay relatively lower monthly fees. But all in all, both these trading tools go toe to toe in most respects and should be perfect for anyone.
Conclusion
Trading across multiple exchanges is not always easy. It can be confusing keeping track of all your asset and besides, there are always a lot of price anomalies across different crypto exchanges. But Bitsgap is designed to solve this for you. This multipurpose all-in-one trading platform gives you access to 25 of the best exchanges, all in one single window.
You also get a series of innovative financial risk management tools and portfolio tracking as well. Bitsgap has done well to develop advanced trading bots too with quick and accurate trade executions. If you are looking for reliable automated trading, then this is the platform for you. Besides, you also get trading signals to help you maximize returns and an arbitrage feature that lets you find the best price for any asset across all supported exchanges.
For any seasoned crypto trader out there, Bitsgap is no doubt a must-have. But of course, there are a few shortcomings. First, even if you use this platform, you still have to pay exchange fees when you execute trades. In the end, this can feel a bit expensive. But despite this, there is just so much value to gain from Bitsgap in the long run. It is highly recommended!
Bitsgap FAQs
Is Bitsgap Safe and Legit?
Yes, Bitsgap is a legitimate and safe automated crypto trading platform that gives you access to at least 25 exchanges. The platform is secured by some of the most reputable blockchain security firms and has a track record of delivering value to its customers. It’s definitely worth the money for any seasoned traders out there.
How does Bitsgap make money?
Bitsgap makes money by charging you a monthly subscription fee to use its service. The fees vary but the lowest you can pay per month is $29. The more advanced Pro package goes for $149. There is also a 14-day free trial for new users.
Does Bitsgap have a mobile app?
Yes, Bitsgap has a mobile app for both Android and iOS users. The app is also fully functional, meaning you can access all services there, including limit order, portfolio management, and others. The app is suited for people who trade on the go.
