Bitsgap Review [Complete Arbitrage Bot Review 2023]

Bitsgap has emerged as one of the leaders in the crypto trading bot industry. Founded in 2018, Bitsgap aims to make cryptocurrency trading accessible for all, with features ranging from automated trading bots to advanced technical analysis.

As cryptocurrency trading continues to grow in popularity, many traders are looking for ways to streamline their processes and improve their results. Automated trading platforms have emerged as a popular solution by taking over repetitive tasks and executing trades based on preset rules. One such platform that has gained significant attention is Bitsgap. In this comprehensive Bitsgap review, we’ll examine everything this trading tool has to offer, from its bot capabilities and exchanges supported to pricing plans and unique features. By the end, you’ll have a clear understanding of whether Bitsgap can benefit your crypto strategy.

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What is Bitsgap?

Bitsgap is an automated cryptocurrency trading platform that was established in 2017. It acts as a connector between exchanges and traders by integrating with over 30 leading crypto platforms using APIs. Bitsgap provides a unified interface for consolidated portfolio tracking and seamless trading across exchanges.

Rather than operating as an exchange itself, Bitsgap focuses on developing automated tools to streamline the trading process. Its bread and butter is the suite of crypto trading bots that eliminate mundane tasks and capitalize on opportunities around the clock based on predefined rules. Additional offerings include a robust terminal, portfolio manager, signals, and arbitrage scanner.

With a growing user base of over half a million traders generating billions in monthly trading volume, Bitsgap has established itself as a leader in the crypto trading bot space. Its sophisticated yet user-friendly interfaces have resonated well with both beginners and experts alike. 

Create Bitsgap Account

Bitsgap arbitrage review 2023: Ultimate review of exchanges, bots, arbitrage tools, and pricing plans

Bitsgap serves as an intermediary between traders and exchanges. Here’s a quick overview of how it operates:

Account Creation: Sign up with email/login credentials on the Bitsgap website.

Exchange Integration: Link supported exchanges to your Bitsgap account using API keys. This allows bot orders without withdrawing funds.

Bot Deployment: Create bots using the bot builder, customize strategies, and deploy them to linked exchanges.

Order Execution: Bots automatically place trades based on predefined rules without manual intervention.

Portfolio Management: Consolidated tracking of holdings, balances, and orders across all integrated exchanges.

Signals & Arbitrage: Identify potential trading opportunities through signals and arbitrage pairs.

In essence, Bitsgap streamlines the crypto trading process into a cohesive, centralized system. Traders can automate strategies from a unified dashboard rather than toggling between exchanges.

Bitsgap Bots

Bitsgap’s bot creation capabilities are among its most compelling offers. Traders have access to the following key bot types designed for various trading approaches:

Grid Bot: For sideways markets, it profits from small price fluctuations by maintaining a grid of buy and sell orders.

DCA Bot: Automatically buys crypto at regular intervals to acquire more coins over time by averaging costs lower.

Combo Bot: Combines DCA and grid trading for futures contracts with embedded leverage of up to 100x.

Scalper Bot: Rapidly places small trades on KuCoin to accumulate frequent but small gains.

Custom Bot: Build bespoke bots by combining triggers, conditions, and order types from scratch.

Signals Bot: Automatically copies and mirrors trades from top-performing traders.

Comprehensive bot customization gives traders flexibility. Additional tooling like trailing stops, take profits, and backtesting round out a compelling offering. With bots, traders can devise and deploy autonomous strategies with just a few clicks.

Advanced Features

Bitsgap offers powerful supplementary features for streamlining the trading process:

Terminal: A sophisticated trading interface supporting advanced order types across exchanges.

Portfolio Tracker: View balances, positions, and performance from a single integrated dashboard.

Arbitrage Scanner: Detect price mismatches across exchanges in real-time for swift trading.

Signals: Identify potentially lucrative trading pairs based on Bitsgap’s market monitoring algorithms.

Backtesting: Refine strategies using historical market data without risking capital.

Demo Accounts: Practice trading risk-free using simulated funds before going live.

Alerts: Set customizable notifications for triggers like entry/exit prices or signals.

Community: Learn from others using forums, copy successful traders, and access educational resources.

Bitsgap endeavors to become a one-stop shop with a complete set of tools tailored for discretionary and automated crypto trading. Its all-in-one solution streamlines previously disjointed processes.

What are the Supported Cryptocurrency Exchanges?

Bitsgap integrates with over 30 leading cryptocurrency exchanges worldwide to provide traders with wide-ranging market access. Some of the top platforms facilitated by Bitsgap include:

• Binance
• KuCoin
• Huobi Global
• Kraken
• Coinbase Pro
• Gemini
• Poloniex
• Bittrex
• Bitfinex

Having such a massive pool of supported exchanges gives traders flexibility in choosing platforms with the best conditions for their specific trading requirements or target markets. It also opens the doors for arbitrage between exchanges.

Is Bitsgap Profitable?

Can Bitsgap bots help traders generate profits? Ultimately, successful trading depends more on the user’s strategy, market conditions, and risk management practices. However, Bitsgap provides the necessary tools and features to give traders an advantage:

• Automated strategies remove human error and emotions from the equation.
• Advanced order types like trailing stops can lock-in profits while positions are in favorable territory.
• Backtesting and paper trading refine approaches before risking capital based on historical data.
• Signals may identify asymmetric trading opportunities that manual monitoring would miss.
• Consolidated tracking prevents overlooks and helps optimize performance.

Many happy Bitsgap users have reported consistently growing their crypto holdings using the platform. Of course, past results don’t guarantee future success in volatile markets. But Bitsgap seems well equipped to streamline and optimize the trading experience for maximizing profit potential.

Bitsgap Pricing

Bitsgap’s pricing tiers are as follows:

Basic Plan – $23/month:

• 2 active grid bots
• 10 active DCA bots
• Unlimited smart orders

Advanced Plan – $55/month:

• 5 active grid bots
• 50 active DCA bots
• Unlimited smart orders
• Arbitrage, futures bots

Pro Plan – $119/month:

• 25 active grid bots
• 250 active DCA bots
• Unlimited smart orders
• Arbitrage, futures, trailing bots

All plans offer a 7-day free trial and discounted annual rates. Additional features like AI-backed capabilities are reserved for higher tiers. Overall, Bitsgap’s perks seem fairly priced relative to competitors like 3Commas or Pionex.

Bitsgap review FAQs

Here are answers to some commonly asked questions:

How to use Bitsgap?

Create an account, link exchanges via API keys, deploy bots or trade manually from the terminal.

Is Bitsgap Legit?

After thorough research, we can confidently say that Bitsgap is a legitimate platform. Here are a few important points that lend credibility:

• It has operated successfully since 2017 without any major reported issues or hacks.
• Bitsgap employs strong security measures like 2048-bit encryption for interfacing with exchanges through API keys.
• The team is transparent, providing detailed information about features, pricing, and policies on the website.
• Over 500,000 users can’t be wrong. Growing popularity suggests most traders are satisfied customers.
• It supports major, reputable exchanges that wouldn’t partner with a scam operation.
• Live chat and other customer support channels are prompt and responsive.

While nothing is guaranteed in crypto, Bitsgap demonstrates sensible practices that give it legitimacy as a service provider. The overall risk appears low based on its multi-year track record. Traders can feel secure interfacing their exchange accounts through its API integration.

Is Bitsgap profitable?

Potentially, as it provides various tools that can give traders an advantage if used strategically, success depends more on individual approaches.

What is better than Bitsgap?

Alternatives like ArbitrageScanner, 3Commas or the Pionex app may be worth considering depending on needs and trader profiles.

How does Bitsgap make money?

Through monthly subscription fees collected from its paid-tier users.

Is Bitsgap safe?

Strong security practices like 2048-bit encryption and hardware key authentication help protect user accounts and funds.

Bitsgap review verdict: How Bitsgap automation can boost your returns

Overall, Bitsgap emerges as a comprehensive automated crypto trading solution. Its feature-rich bots, integrated portfolio tools, and aggregation of prominent exchanges provide an all-in-one stage for streamlining processes. With straightforward interfaces and pricing models, Bitsgap remains an accessible platform for novices, too.

Bitsgap is well-positioned among the best automated crypto trading platforms you can use in 2023. If you want to compare Bitsgap with its competitors and make a definitive decision, you can also take a look at the head-to-head comparisons below: