Bitsgap Review 2023
Bitsgap is a relatively new addition to the crypto trading industry, but it has already raised a cloud of dust among the rest of the community.
Rumors aside, how does the reputation stand against the test of an in-depth Bitsgap review?
Let’s find out!
What comes to mind when someone first gets in touch with the concept of crypto trading bots?
Usually, the story goes that crypto trading bots automatically earn cash without any human assistance. While that would be ideal, the truth is a bit different.
Crypto trading bots operate much more efficiently than flesh-and-blood daytraders.
Online and active 24/7, without any breaks, dependent only on Internet connection and server pings, these pieces of software can both spot the changes on the market and react with lightning-speed to shifts in the current trading trends.
However, there’s a crucial caveat. Trading bots need to be properly designed, set up, and guided in order to operate as intended.
Yes, they are more than capable of automating stuff so that we humans can devote time to other things, and yes, they do trading much, much better than us, but they still have to receive instructions in the form of coded scripts and market inputs.
This is where crypto trading bots start differing from each other.
While there are best intentions only (presumably) in the creation of all bots, the end results of every development team turn out very different.
There are numerous factors involved, such as the expertise in translating trading logic into programming language, ease of use, the complexity of iteration, and so on.
What’s crucial is the balance between accessibility and performance, and the ideal bot strikes the center.
However, even more important is the bot’s ability to dominate the market and land a profit for the user.
There are multiple strategies to approach all three ends, and various bots achieve this to various degrees.
Some bots, however, fail.
How does Bitsgap perform on this chart? Does this young piece of software earn money, remains easy to use, and allows significant freedom of choice and options to experiment with the market?
Is its reputation in various circles earned and justified?
We’ll check today.
Gotta say, though: it shows promise from the start! But let’s dive in our full review of Bitsgap for further details.
Bitsgap in its essence aims to represent a crypto trading multi-tool that has answers to every trading problem that you’re likely to encounter.
As a trading terminal, Bitsgap ties together more than 25 cryptocurrency exchanges in a single crypto trading place from which you can simply and easily commit to and execute deals across the whole crypto market.
On top of that, Bitsgap has an integrated arbitrage feature to it, displaying at all times potential differences in value over all the supported exchanges that its clients can automatically exploit for riskless and easy gains.
Bitsgap’s main feature, however, lies with its crypto trading bots.
Relying on a dozen well-designed and verified strategies, Bitsgap trading bots keep a close track on the market and automatically close in on profitable deals, achieving maximum profit with minimum time investment by daytraders.
With its humble beginnings in 2018, Bitsgap development team started from scratch with a vision to simplify crypto trading and provide a total, all-encompassing cryptocurrency portfolio management software.
Adding feature by feature, over the years they have grown their product to become a rising force on the crypto trading market with a plethora of features that can benefit everyone, from newcomers with little to no previous experience with crypto trading to experienced crypto trading veterans who wish to tackle something more exotic and more risky, perhaps even tinkering with the code by themselves.
There are even auxiliary services available to make crypto trading with Bitsgap a better, more enjoyable, and much less risky experience.
For example, you can subscribe to signals provided by extensive research extracted both from powerful software analysis and surveys conducted by a team of highly skilled professionals from the domains of security, crypto trade, and software innovation.
These predictions tend to provide reliable income even to novice traders.
There’s also a Demo service that’s basically a sandbox crypto trading mode which simulates market circumstances to test and review your strategies without putting your real assets at risk.
Turn on this mode and test your logic against various events in the market first, and the chances of you losing crypto will plummet.
With everything that Bitsgap offers, there’s a lot of potential for it to become a leading force in the crypto trading bot domain.
How do these features perform in practice, though?
More details reviewed below.
Ease of Use vs. Complexity
How does Bitsgap overcome the simplicity-complexity crypto trading bot dilemma?
We’ve already gone over the fact that a good trading bot has to maintain the balance between being simple enough to actually be used by non-programmers and complex enough to have various answers to different crypto exchange situations.
The Bitsgap development team has learned from the mistakes of their competition.
There are various bots that exist as open-source projects and have incredible crypto market potential, however they are used by virtually no one as even launching such bots requires years of coding experience.
On the other hand, there are scraps of code with one or two features sold by dubious companies as stand-alone projects for fractions of regular fees.
Why are these bad?
First of all, if a bot has only one solution to the ever-changing market circumstances, how is that different from a gamble?
It either wins or it doesn’t.
Crypto traders are much more than mere gamblers, right?
Bitsgap achieves balance.
At first glance the Bitsgap’s UI is simple and elegant, offering simple solutions with easy instructions at first, but with various advanced features available and clearly designated as such, accompanied by exhaustive blog posts and tutorials explaining each feature.
You can stick with beginner-friendly strategies, and develop your expertise step-by-step with regularly updated blog posts and news regarding the current state of the crypto market.
There’s something on the Bitsgap shelves for users with all skill levels.
We can only applaud this.
Crypto Trading Bot Review
Bitsgap’s bot is designed to easily tackle the fluctuating currents of the crypto market.
With a range of different strategies and approaches, Bitsgap’s bots can benefit from changes in the algorithm across crypto markets to bring in a steady income, as it is impossible to stop the market from changing and different crypto values from rising and falling.
By automatically conducting trade along preset guidelines, Bitsgap’s trading bot earns without you having to constantly watch over it.
The design process can be simple and done with a few clicks.
Give the bot some general directions and approaches, link your crypto exchanges together and it will do what it’s told to do to perfection.
You don’t have to be afraid of a forced strategy as every approach can be, and is, backtested to see how it fares against different circumstances and both profit and loss.
Strategies are predefined, so you don’t really need to wrap your brain around every potential little flaw in the grand trading plan.
These bots were designed by a team of experts and they’re regularly reviewed and updated. After all, it’s Bitsgap’s reputation on the line and they value user experience above anything else.
Finally, Bitsgap’s bot is cloud-based, so you don’t really have to install anything, you don’t require a specific device, and you can access it on the go, wherever and whenever.
Which is neat!
To provide reliable data to their users and feed workable info into their software’s databases, the Bitsgap team analyzes more than 10,000 crypto pairs every second! In other words, Bitsgap knows what’s the most profitable course of action and updates that info at all times.
How’s that for a reliable signal?
This info comes in the form of an accessible list, as to be clear to everyone using Bitsgap. You don’t have to be a pro trader in order to understand Bitsgap’s signals.
Just let the bot do its thing and crypto will flow in. As simple as that!
Another powerful tool provided by Bitsgap and rather easy to use is Arbitrage.
What’s it all about?
Well, it boils down to exploiting gaps in value of one cryptocurrency on two different exchanges.
The time slots in which these differences in value exist are too small to be exploited by human traders, however Bitsgap’s algorithm commits deals within milliseconds and successfully profits from these delays between markets.
Deals get calculated based on your account balance for maximum profits and minimum risks.
You can also arbitrage between crypto and fiat currencies, with all exchange fees calculated into profit by the algorithm.
So simple, yet so effective! After all, this is the key to Arbitrage’s success.
Another useful feature that has less to do with trade and more with cryptocurrency management is Bitsgap’s portfolio management.
With Bitsgap you can monitor more than whopping 1800 different types of crypto coin, as it seamlessly and automatically records trade deals in your balance without you having to manually keep record of changes.
Portfolio gets updated in real time, without any limitations. Bitsgap’s Portfolio feature is integrated with all supported crypto exchanges, such as Binance, Kraken, OKEx, and more than 25 others.
Ultimately, Bitsgap’s Demo is a beginner’s ultimate guide to crypto trading.
Upon registration you are awarded simulated demo money, which is a nice opportunity to try your hand at crypto commerce without having to risk actual assets.
You can practice with 5 BTC’s worth of money across 5 different crypto exchanges.
You can even try out other Bitsgap features in Demo mode for a full taste of what’s coming if you decide to opt for the full Bitsgap experience.
Just check whether you’ve turned the Demo mode on: it’s a big blue button that you can’t miss!
Top-Rated Crypto Trading Bots
These crypto trading bots have been voted as the best consistently in user ratings across various websites.
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Bitsgap comes in three basic plans, which all include the standard offer and differ only in the provided amount of deals and a couple of niche features.
The first plan, Basic, comes with all the standard features (listed on their site – the list is huuuge!), unlimited exchanges, $25,000 monthly trading limit, and 2 active trading bots. This plan comes for $23/month.
The second plan, Advanced, upgrades the Basic formula for a $100,000 monthly trading limit, 5 active trading bots, and the Arbitrage feature. This one comes for $55/month.
The third option, Pro, removes the trading limit and provides 20 active trading bots, along with some other benefits, and requires a monthly fee of $119 USD.
Oh, and there’s a free 14-day trial, so you can have a taste of Bitsgap before you commit!
Community and Reputation
Easing crypto trade and providing a good user experience are one of the bastions of Bitsgap’s company policies.
Etched into their values from the start, they’ve ventured to create a user-friendly product that suits clients with various levels of experience and skill.
This is visible in Bitsgap’s community.
Although they haven’t had much time to establish a large following, they’ve still managed to create a dedicated community to support new members and keep the Bitsgap flame alive on the internet.
With Reddit, Telegram, and other social media’s active community, don’t be surprised if you randomly stumble upon them via digital word of mouth.
When it comes to Bitsgap’s reputation, it is enough to say that they have an average score of 4.0/5 on Trustpilot across 90 different user reviews.
Out of these 90 Bitsgap trading bot reviews, they’ve addressed every single negative review with comprehensive answers and efforts to alleviate the issues.
These are all signs of a healthy following and the will to cater to its users.
With an elaborate offer that caters to all members of the crypto trading community, a commendable stance on user experience and quality of life improvements in the crypto trading industry, and a detailed and comprehensive security policy, Bitsgap sure does earn check marks on every quality that makes a crypto trading automation software excellent and recommendable.
Thus, we can only recommend it.
There’s a bright future in front of Bitsgap. Make sure you merge it to your own future in the cryptocurrency market for maximum results.
How does Bitsgap perform? Does this young piece of software earn money, remains easy to use, and allows significant freedom of choice and options to experiment with the market? Let’s dive in our full review of Bitsgap for further details.
Price Currency: USD
Operating System: "Cloud"
Application Category: "Cryptocurrency"