Bitsgap Review: Automate Your Crypto Trading Strategies in 2024

I have always been in favor of smart trading bots, especially at a time when manually timing the market, looking for the right trading opportunities, and more can get exceedingly time-consuming.

And that is exactly why I choose to try out Bitsgap — a platform meant to streamline trading and cryptocurrency management. With access to a wide range of bots, exchanges, and assets, Bitsgap does beckon a detailed analysis.

As it is not your run-of-the-mill crypto broker, I shall now delve deeper into its feature sets, pricing plans, security implementation, and more — to help you navigate this multi-faceted trading platform.

The idea would be to explore Bitsgap’s unique value proposition, which makes it popular even when it doesn’t project itself as a crypto broker. Let us now get started with the review.

Since 2017, Bitsgap has launched over 3,000,000 bots, offering automated support for a wide range of trading activities.

Pros and Cons

In case you quickly want to take a call about Bitsgap, here is a quick list of pros and cons to help you decide:

Pros

• Trading bots for every occasion
• Works with a host of crypto exchanges
• Helps locate arbitrage opportunities
• Advanced charting support
• Demo trading functionality
• Access to portfolio management services
• Advanced security traits

Cons

• Subscription costs are involved
• Can be complex for beginners
• Bot customization is limited
• No mobile app support, yet

Now that you have the list of hits and misses let us take a closer look at Bitsgap’s background, credibility, and other important factors.

As part of the extensive security suite, Bitsgap implements the 2048-bit encryption layer to safeguard user data.

Background and History

The Bitsgap prototypes were in the works from 2016 onwards. However, the trading terminal officially came to the fore in 2018, with an initial built-in support for nine exchanges and 7000 crypto pairs.

However, the trading platform started expanding almost immediately, bringing in features like grid trading in 2019, followed by new trading tools in 2020.

Bitsgap introduced the multilingual functionality in 2022, followed by the release of a new website. In 2023, Bitsgap was quick to introduce other innovative trading tools, including potent DCA bot features, a redesigned product interface, and a prototype for mobile apps.

The Signup Process: Easy or Hard?

If you have liked what you saw about Bitsgap till here, let us explore the signup process in detail. To get started, you can hit the “sign up” option on top of the home page. It is worth noting that at press time, Bitsgap already hosts over 500K global traders with a cumulative trading volume of over $300 billion.

Circling back to the signup process, you must feed the email ID and create a password. Or, you can log in via the social credentials. Once you are in, the starter interface shows up, asking you to pick the bot and the trading strategy.

In case you are unsure about using the bots, Bitsgap, upon signing up, offers a detailed repository with the relevant info about all the trading bots — general, GRID, DCA, DCA Futures, and the COMBO bot.

And that’s all the signup info you need. Once you are inside Bitsgap, you simply need to try out the features hands-on.

Bitsgap Platforms

It is important to note that Bitsgap doesn’t have a mobile app as of yet. While the company is currently testing prototypes for getting the best product-market fit, I shall update this space with app-specific features if and when the same gets launched.

For now, here are the specs associated with the Bitsgap web interface:

1. Quick access to the charting tools
2. Access to trading history and reports
3. Prompt customer support
4. Support for two-factor authentication
5. Demo mode
6. Access to different order types

The web interface features the highly sought-after feature in Portfolio management, allowing you to track open positions, open orders, history, and important notifications via one single dashboard.

Features and Offerings

By now, you should be able to make out what Bitsgap offers in bits and pieces. Well, here is a detailed section enlisting every Bitsgap offering under one roof:

Trading Bots

Well, this feature doesn’t require a separate mention. On Bitsgap, you get access to dollar-cost-averaging, GRID trading, scalping, arbitrage trading, trend-following, mean-reversion, and even custom bots for trading the spot and the Futures market.

The best thing about these bots is that you can customize them based on requirements, featured crypto assets, and more. What stands out is that the mentioned trading bots can be clubbed with each of the following exchanges:

1. Binance
2. Bitfinex
3. Bitget
4. Bittrex
5. Bybit
6. Coinbase Advanced
7. Crypto.com
8. Gate.io
9. Gemini
10. HitBTC
11. Huobi
12. Kraken
13. Kucoin
14. OKX
15. Poloniex
16. WhiteBIT

And there is the complete list of the supported crypto assets:

1. Aave
2. Algorand
3. ApeCoin
4. Avalanche
5. Axie
6. BNB (Binance Coin)
7. Binance USD
8. Bitcoin
9. Bitcoin Cash
10. Cardano
11. Chainlink
12. Cosmos
13. Cronos
14. Dai
15. Decentraland
16. Dogecoin
17. Ethereum
18. Ethereum Classic
19. Flow
20. IPChain
21. KuCoin Token
22. LEO
23. Litecoin
24. NEAR
25. Polkadot
26. Polygon
27. Ripple
28. Sandbox
29. Shiba Inu
30. Solana
31. Tether
32. Tron
33. USD Coin (USDC)
34. Uniswap
35. VeChain

Portfolio Management

Despite being a trading bot aggregator, Bitsgap also offers portfolio management services. Simply put, you can track your exchange-specific holdings without having to move elsewhere.

Advanced Trading Tools

If you are a trader, Bitsgap can be the one-stop solution for you, led by the presence of an arbitrage trading functionality. The best part about using this feature is you can track the minor price discrepancies across exchanges and get the best deal, potentially generating profits.

Plus, there are advanced charts in place, letting you access diverse indicators and analytical tools. Furthermore, Bitsgap offers access to trading opportunities via alerts and signals, makes market analytics readily available, and makes trading fun by letting the interested parties place take-profit, stop-loss, and other customized orders.

Bisgap is also connected to the TradingView interface, offering access to 100+ indicators and 50+ drawing tools.

This automated trading platform has a smart trading interface that allows you to execute limit, stop limit, scaled, and other specialized orders. You also get access to an advanced trading terminal to track the state of trailing orders.

Demo Trading

Bitsgap is one of the few trading platforms that allow you to demo trade using made-up funds. And the experience isn’t a lot different from the actual interface. You get access to a host of tools and strategies, all while experiencing the live market.

And if you want to demo trade on an exchange of your choice, Bisgap APIs allow you to connect with ten different options right away.

Besides the mentioned features, Bitsgap also offers access to insightful trading reports, an extensive blog and knowledge base, and a cryptocurrency price converter to simplify your overall trading experience.

Bitsgap also has a rewarding affiliate program handy, allowing you to earn 30% referral revenue to the tune of 1500 USDT.

Fees and Pricing Tiers

Firstly, Bitsgap isn’t a crypto broker, and therefore, you need not worry about the trading fees and related overheads. You can leave that to the exchange you are using.

As far as the pricing tiers are concerned, you can go as low as $23 per month with access to two GRID bots, 10 DCA bots, and the ability to put across several smart orders, or as high as $119 per month, with additional access to take profit orders, future bots, and more.

Regardless of the pricing tier you choose, there is always an option to test out the offerings using the 7-day free trial.

Each pricing tier boasts access to an automatic portfolio, round-the-clock cloud trading support, demo mode, and other features. Also, the deposit and withdrawal fees and limits associated with Bitsgap depend on the exchange you choose to connect with.

All Bitsgap Limits Explored

As mentioned earlier, the deposit and withdrawal limits are exchange-specific. However, it is important to ascertain the payment methods supported. This means Bitsgap accepts payments via the following interfaces:

1. Visa
2. Crypto, including Bitcoin, Ethereum, and 50+ altcoins
3. Mastercard
4. PayPal

And more.

With access to 15+ exchanges, Bitsgap also lets you track the number of trading pairs offered by each exchange. As of now, Gate.io, with 3104 trading pairs, offers a wide-range of offerings.

Security Standards and the State of Customer Support

Firstly, Bitsgap is one of the most secure trading platforms around. Here are the most important security implementations in play:

1. Two-factor authentication to secure the login process
2. Encryption concerning the API key, allowing Bitsgap bots only trading access
3. SSL encryption to secure user data
4. Periodic security audits
5. Cold storage units for handling user funds

In addition to the mentioned security elements, Bitsgap also brings in session monitoring and auto-logout functionality to ensure that one gains access to your trading interface in your absence.

While the security standards are top-notch, Bitsgap doesn’t let its guard down in terms of customer support. Some of the relevant highlights include:

• Round-the-clock support
• Multi-lingual support
• A detailed help center
• Access to community forums
• Account managers to higher price tiers.

Bitsgap also allows you to send out detailed tickets to [email protected]. Plus, there are several social media channels and handles to connect with the Bitsgap team.

Is Bitsgap the Right Automation Platform for You?

As a newbie trader who finds regular crypto brokers a tad overwhelming when trading experiences are concerned, Bitsgap might just be the right tool. But that’s not it. Bitsgap can also be a handful for automation-seeking experienced traders, users looking to make profits via arbitrage trading, and more.

Besides the widest possible collection of bots, Bitsgap’s enhanced security posture and prompt customer support, courtesy of a high Trustpilot score, make it one of the best crypto trading terminals around.