Bitsgap.com Review: Scam or Legit?
➡ What's Bitsgap.com? ⬅
Bitsgap is a bot trading service that aims to bring cryptocurrency trading to everyone. The platform brings together more than 30 crypto exchanges in one interface, including Binance, Kraken, Bitfinex, Coinbase, OKEx, Kucoin and many others. Bitsgap also allows access to more than 10,000 crypto currency pairs. Founded on November 26, 2018 and headquartered in Tallinn, Estonia.
Smart Trade orders
Smart Trade orders to secure your profit or loss while you are away. Trading bots will generate passive income from price fluctuations.
Bitsgap's flagship feature is backtesting, which is to find optimal crypto asset opportunities between exchanges. A number of strategies in their trading bots can be tested before they are executed. There is also a demo mode, which simulates trading to virtually optimize trading strategies, as well as experimenting with various configurations.
The Bitsgap bot trading is based on simple logic, namely using a 0.01 percent spacing grid. This is claimed to be able to increase the chances of carrying out high-frequency trades with stable profits. The bot will trailing up automatically and raise the overall grid, when the price goes up so that users can get maximum profit.
Bitsgap offers an automatic arbitrage (arbit) feature to profit on fluctuating crypto asset prices. This system buys assets on an exchange that has a lower asset price, and sells on an exchange that has a higher asset price. The result is calculated based on the difference in price.
stop-loss to stop the bot when the market moves not according to plan and take profit when the target level is reached.
Exit in 5 Ways
For matters of exit from a number of trading strategies, users can do it in five ways, namely break-even (exit with 0 percent profit to prevent losses), close at market or automatic sale, close open orders or close open orders. Take profit target (automatic selling after reaching a certain percentage), and Stop-loss exit (automatic selling at a certain price).
Bitsgap claims that the artificial intelligence they employ is able to provide higher performance than simply storing crypto assets when the market moves sideways. In other situations, when the market decreases and the traded asset decreases in value, the bot will allocate funds to buy the asset, resulting in a cost-average. This reduces the loss due to negative returns compared to a saving strategy.
User funds are guaranteed safe, because Bitsgap does not have direct access to all cross-exchange user accounts. Bitsgap connects your account based on an encrypted API key. Through this API, Bitsgap can make trades without disclosing personal information or passwords. All information is sent to Bitsgap servers (server computers) which have a standard 2048 bit encryption and are protected by a firewall.
Strengths and Weaknesses
Bitsgap is a fast and easy platform with a secure system for trading crypto assets. There is even a free package available for users with limited funds.
The downside is that the platform does not have in-house traders managing user accounts. In addition, users must have fundamental knowledge of crypto asset trading to take advantage of this service.
The first step is to click on my exchange to connect the exchange to Bitsgap via API. Don't worry it will take a moment and Bitsgap will not have access to your funds because they never leave your exchange account.
You have a 14 day Trial to see Bitsgap in action and the Bitsgap team is always ready to help you if you have any questions. Register: