2020-2-28 17:05 |
Already a fiercely contested arena of automated crypto trading platforms just got even tighter as a new, promising player called Bitsgap threw its hat into the ring.
The crypto trading bots industry is a thriving sector of crypto world with dozens of different platforms gunning for the throne. Current leaders of the pack are, arguably, Cryptohopper and Margin.de with others like 3Commas and Haasbot on their heels.
Bitsgap, a new young startup from Estonia, plans to spoil the plans of its competitors and chip off part of the market for themselves.
Visit Bitsgap NowWhat is Bitsgap?Other automated trading platforms got us accustomed to some mandatory features in a good bot: it should run on a cloud accessible via all devices, it should have arbitrage opportunities, signals and support a lot of exchanges. Bitsgap does all of that with their platform and adds extra features with arbitrage and demo interface.
The number of supported exchanges is impressive – 25. This fact also means more arbitrage opportunities since there are a lot of exchanges that are tracked and hence there is a high probability of finding a big price difference between them.
So Bitgsap is a platform that supports trading, portfolio tracking, arbitrage, signals, bots – a full spectrum of cryptocurrency service that can be managed from one dashboard.
Of course, Bitsgap also has a demo version that you can take for a test ride and try out all your strategies without risking real money.
Bitsgap featuresBots – How does bot trading work on Bitsgap?Once you log in to your Bitsgap account, you will see a row of tabs in the top bar. One of them is called bots. Once you click on it, you will see a full overview of the best opportunities you can trade, based on the three days backtesting made by Bitsgap. You can set up your own backtests as well. The bot can be started with few clicks and the generated profit accurately tracked and can be checked inside the interface. (By the way, exchange fees are also considered correctly).
The best thing that this bot can be also checked in demo mode before connecting real money to see how much profit it can generate. It looks like 2-3 days is enough to see some profit.
Trading – unified interface to control all your exchangesThis is essentially a tab where you can handle all your exchanges from one place. You can click through separate exchanges just like if they were all one single platform. This spares time and improves your reaction speed + allows for arbitrage opportunities.
Signals – The system picks the best trading opportunities for youBitsgap algorithm monitors thousands of crypto pairs 24/7 to detect anomalies and presents them all in this tab. This way you can see what coins are best trading opportunity and set a Smart Order which is a proprietary Bitsgap order. Smart-Order is a combination of simultaneous Stop-Loss and Take-Profit orders. If one of your predefined conditions are met, Bitsgap will complete your order as planned. Merging these orders together drastically reduces your risks while also securing your profit gains while you are not personally online and trading.
How exactly does Bitsgap find these anomalies and opportunities?
The lone fact that it connects and monitors more than 25 cryptocurrency exchanges, Bitsgap is able to track the price movements of 10,000+ crypto trading pairs. And as, explained on their site, “when the price of a coin is starting to show an anomaly out of pattern which forms an upward trend, we add this entry into our signal list. To verify the trend we are using numerous indicators and models before considering any rapid move as a trading signal.”
Bitsgap Arbitrage – risky but very profitable endeavourRight off the bat, arbitrage is not a good idea for new traders who lack experience and knowledge in market trading. However, seasoned traders will like this option very much since Bitsgap did a fantastic job on it. This feature gives you a list of potential arbitrage opportunities from all 25 supported exchange in one streamlined interface. You will need to have open and active (verified) accounts on those exchanges and have them linked with Bitsgap via API keys to make use of this feature. You also would need to have decent money on both exchange to make sure transaction fees won’t take away your profit.
How does Bitsgap find arbitrage opportunities?
Potential deals are calculated based on your account balance on certain exchanges and you can select either crypto or fiat arbitrage opportunities.
Automated and AI powered arbitrage bots like Bitsgap are far superior to manual approach of monitoring the markets for arbitrage deals as the chances are that those opportunities will vanish before you manage to see them through by clicking dozens of commands on separate exchanges. With Bitsgap arbitrage, trades can be made in just one click!
Portfolio – track the prices and your balanceThis one is the least exciting feature as it is just a regular crypto portfolio tracker – you can view your holdings by token and exchange.
Bitsgap Demo – take it for a spin without risking your moneyIn the right upper corner, you have the option to switch your Bitsgap account to DEMO version. In this version, your account will be funded with simulated demo funds, enabling you to test your trading strategies and get to know the platform with zero risks.
You can hone your skills with 5 BTC virtual funds on 5 popular crypto exchanges to play with while having access to live market data. With a demo account, you have access to all major features of the Bitsgap platform: you can try out Arbitrage, Signals and Trading Bots.
Getting started on BitsgapRegistering on Bitsgap is a breeze – you can login right away via Facebook or Google, or sign up via standard email form. Once you are in, you need to connect exchanges where you have funds – integration is made via a standard process of API keys.
Having done that, you are free to use Bitsgap to your liking. Below is the process in three easy steps:
Sign upOpen a free Bitsgap account.Connect exchanges
Your funds will remain on the exchange balance and Bitsgap won’t have access to them.Start trading cryptocurrency
All orders you perform through Bitsgap are secured with high-end 2048-bit encryption.Bitsgap supported exchanges
Bitsgap blows its competition out of the water when it comes to this important benchmark – the number of exchanges it integrates is a whopping 25. That is much more than Cryptohopper that works with only 9 and 3Commas that supports 12 exchanges. The closest one to Bitsgap in this segment is Margin.de that integrates with 17 exchanges. However, Margin.de is a program that needs to be downloaded and run from a local machine while Bitsgap is a cloud based platform.
Bitsgap pricingBack in 2018 when it first launched, Bitsgap was free but of course, that was only while it was a work in progress. Nowadays, Bitsgap has a pricing structure similar to its competitors. Its middle plan is cheaper than Cryptohopper by $5 but their premium package is $11 more expensive. Overall, it is in the same ballpark as competition when it comes to pricing. Signup for free 14 days trial!
Bitsgap customer supportSo when you decide to pull the trigger and buy one of the Bitsgap packages, who do you have that will help out in case of emergency or troubles?
Bitsgap made sure to be on par with other crypto bots by offering chat support directly from the platform and judging by our own and experiences of other people who reviewed them online, they are prompt and helpful in their responses.
Bitsgap review – final verdictOverall, Bitsgap will definitely disrupt the current incumbents in the bitcoin trading bots vertical as it comes with a powerful, slick and polished platform that is not inferior to its counterparts in any aspect. With their broad offering of supported exchanges they are second to no one. The arbitrage feature is also a mighty tool for those who know how to use it. All in all, we could see Bitsgap “do a Binance” in automated bitcoin trading industry and gallop all the way to the top providers within months.
If Bitsgap is not to your liking, check out our other guides on its competitors:
Tradesanta reviewGunbot reviewShrimpy reviewCryptoTrader.org reviewThe post Bitsgap Review – How Good is The New Bitcoin Trading Bot appeared first on CaptainAltcoin.
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