Bitsgap supports over 20 cryptocurrency exchanges where traders can connect their algorithms and build up their portfolios. Investors can use the demo account to understand the functionality of the platform. The platform details all the details of the developers and provides access to multiple order types. We will go through all of the pros and cons of the service to see if we can profit from it.
First Bitsgap quick summary
|There are multiple subscription packages||The platform is not user friendly|
|A free trial is available for 7 days||Supports grid strategies|
|A vast number of cryptocurrency exchanges are available||Limited FAQ section to answer inquiries|
|The developers are transparent on their portfolio||There is no live chat available|
|Portfolio tracker to know the real-time performance|
|Ease of Investment:||3/5|
What is a Bitsgap?
Bitsgap was first introduced in 2017 and currently has crypto bots, smart algorithmic orders, demo trading, and support for over 20 crypto exchanges. Investors can use the 7-day free trial to understand the platform and get started with the service.
How does Bitsgap generate profits?
Traders can connect one of the algorithms on the website to their exchange using the API keys. After the connection is successful, it will start placing orders depending on the coded information. The website does not mention which instruments the bots can trade on. It is possible to calculate your earnings using the portfolio tracker and tweak the code of the EAs to get the performance you desire. Trading view charts are present in day and night mode.
Safety and security
The platform does not have any access to your funds. It gets the rights to trade on your account using the API keys. The information on the services is subjected to encryption using the API keys with 2048-bit standard protocols. Using 2FA, traders can implement an extra layer of security and safety measures.
How Bitsgap pricing works
As mentioned before, traders can use the 7 day free trial before using the crypto bots. Other than this, the $29 subscription can be used for using 2 active trading bots.
Future bots and trailing function comes at $69/month with support for 5 algorithms. The pro version provides 20 robots for $149, and it is possible to set a custom take profit for each position. It is possible to pay via Mastercard, Paypal, and cryptocurrencies.
The platform supports over 20 cryptocurrency exchanges, including Binance, KuCoin, ByBit, Kraken, FTX, Bitfinex, Coinbase, Bittrex, HitBTC, Gemini, gate.io, Liquid, and bethumb.
How long has Bitsgap been in business?
The platform has been live since 2017. Since then, it has continued to add more exchanges and services under its portfolio. Maxim Kalmykov is the CEO of Bitsgap while Sergei Verbitski is the COO. They provide a link to their Linked In profile to add transparency to their portfolio.
How to get started with Bitsgap?
Traders can get started with the platform in the following steps:
- After getting your monthly subscription develop one of the trading bots or select a ready-made algorithm from the website
- Add your API key to the platform, and the bot will start trading on your account
Customer service is available through the email address or Telegram. Unfortunately, there is no live chat support to connect with the authors.
Bitsgap is a platform for Bitcoin and other cryptocurrencies. They openly support averaging, which can cause a high drawdown on the account if the market chooses to trend in one direction.