BitsGap Review

We Examined BitsGap’s Legitimacy 【Updated For 2024】

This website and its publications are not a source of formal financial or professional guidance. The perspectives shared here are grounded exclusively on the author’s viewpoint, investigations, and personal encounters, and must not be regarded as definitive facts. The writer is not a certified financial consultant and does not hold any relevant credentials in this field. It is strongly advised to seek advice from a proficient financial consultant before pursuing any investment activities, as the details delineated on this platform are broad and may not cater to personal requirements or situations.

What is BitsGap?

BitsGap is a trading platform where you can trade, manage your portfolio, use trading bots, and get signals, which is an all-in-one platform. Over 25 main exchanges that have been integrated into the platform include Coinbase Pro, Poloniex, Binance, and Kraken, to name just a few. Using BitsGap, you can keep track of all of your cryptocurrency trades across many exchanges. For those who want to maximize profits while minimizing their trading time, it provides an automatic robot.

For beginner traders, the site offers a demo mode, a virtual trading account that serves as a training ground before they register for a genuine account. In this BitsGap review, we’ll go over everything from the prices to the mobile capabilities of the service.

BitsGap: Account Creation

To get started with BitsGap, all you have to do is follow three simple steps.

Step 1:

Create a BitsGap account first. In this case, BitsGap will not be your direct trading platform. There will be no need for KYC checks; these will be conducted by the exchanges to which you link.

Step 2:

Your API keys can be used to connect your BitsGap account to one of the available exchanges.

Step 3:

Start a cryptocurrency trading account. A simple order or bot can be started, or BitsGap can take advantage of arbitrage chances on the chosen exchange. BitsGap encrypts all of your transactions with a high-security 2048-bit encryption.

Features of BitsGap

BitsGap has several innovative features that allow you to get the most out of your platform while assuming minimal financial risk.

• Arbitrage tool

BitsGap’s ability to connect to numerous exchanges is a major key feature. This gives traders the opportunity to earn from an arbitrage approach by taking advantage of the decentralized characteristics of a cryptocurrency. Arbitrage is the practice of locating price discrepancies between two or more exchanges, buying at the lowest price, and then selling at the most expensive. By using the BitsGap arbitrage function, exchange fees are taken into account while calculating profits.

• Trading Bot

BitsGap is a trading platform that allows you to create automated trading programs for the futures market. Using machine learning, BitsGap offers pre-configured trading bots. Select the one that best fits your risk tolerance by comparing their backtesting results. In addition, you can make edits in real time to features like trailing up and limiting orders. Detailed instructions for each can be found in the BitsGap Knowledge Base.

• Trading Terminal

The BitsGap trading terminal allows you to trade on numerous crypto exchanges from a single platform. Using take profit, market limits, shadow orders, and stop-loss orders provides you with a leg up on placing market buy and sell orders. The entire cryptocurrency market can be accessed at this site. You can use it to purchase and sell digital currencies on many exchanges.

• Trade signals

In addition, BitsGap provides market information. These are signs of market price anomalies, which means that the price of a certain cryptocurrency has changed dramatically. The BitsGap signals service is an excellent choice for those who want to make their own trades.

As a result, investors are better able to anticipate price swings and take advantage of them. You may search for these crypto assets, but you can’t establish price alerts for them.

• Demo Account

With the demo account function, traders may practice using all of BitsGap’s unique features and become more familiar with how the platform works as a whole. Investors may put their methods to the test and examine returns before engaging in real trading experience.

• Tools for keeping track of one’s portfolio

With a real-time portfolio, traders can keep tabs on their assets and profits. You can effectively monitor your cryptocurrency investments with BitsGap. It’s possible to see all of your assets, returns, and strategies in one place. Open orders and past orders are also available for review. You can customize your portfolio for any individual exchange if you are utilizing more cryptocurrency exchanges.

Is BitsGap Legitimate?

Yes, BitsGap is a real and safe crypto trading platform that allows you access to at least 25 exchanges. The platform is secured by some of the most recognized cryptocurrency security companies and has a history of providing value to its customers. It’s absolutely worth the investment for any experienced investors available in the market. Transactional data safety and security are top priorities for the company, which seeks to provide a service that is efficient and well-known around the world.

Trading advice for all BitsGap users

• Don’t overlook stop-loss.

It’s as simple as forgetting to put in a stop-loss order, which results in a 100 percent increase in risk. To reduce unnecessary risk and loss, consider using a variety of online technical analytical techniques aimed at assisting you in determining an effective stop-loss price. For a long position, place your stop-loss underneath the critical support line. For a short position, place your stop-loss just above the major support line.

• Avoid relying on a single source of income.

Diversification must be employed in the investment world. Moreover, it’s not simply about diversifying your portfolio with multiple currencies to minimize your exposure to risk. You will get the greatest level of diversity once you begin utilizing numerous techniques and digital currency investing products at once. To minimize their exposure to risk, traders can rely on BitsGap’s algorithmic trading.

• Protect your earnings.

One of the most important aspects of trading is securing your gains. You can use the money you’ve made to start new businesses. Beware of the uncertainty in the market. Multiple take profits can be configured to minimize risk and maximize profit.

• Try new stuff.

The BitsGap demo mode, for example, provides a risk-free trading environment. Use this option to hone your skills and build out winning trading methods. This is the place where you can try out all kinds of different investment strategies. Study strategic planning and maximization of profit without putting your cash in danger. These most profitable trade movements are eventually leveraged by the market, which is continuously changing. When you find your technique doesn’t work as well as you anticipated, consider securing current profits and keeping trading in the demo account to adjust accordingly.

• Investigate your options.

Making decisions based on emotion and ignoring risk analysis rules might backfire and result in fear of being left out.

Purchasing cryptocurrencies in an overheated market without putting in take profit and stop-loss orders significantly raises the likelihood of suffering significant losses. Do not allow yourself to be affected by market biases. Use fundamental and technical analysis together to determine the optimal time to buy or exit the market.

Frequently asked questions

Is BitsGap able to access the wallet that I use for my exchange?

In order to make any modifications to your exchange wallet, BitsGap does not allow you to log into your exchange wallet. Your funds will remain in your exchange account at all times.

Is the BitsGap Trading Bot reputable?

BitsGap provides a variety of trading robots that may be tailored to your own trading strategy. The answer comes in the backtesting parameters for each bot, which are listed on the bot’s page. Traders can evaluate the success of backtesting before making a decision to invest. Additionally, BitsGap provides a demo account so that you can test the waters before investing real money.

Is It Worth It to Use BitsGap?

Those who are unsure whether BitsGap is a worthwhile investment could take advantage of the 14-day trial Pro account offer. Traders can use the trial period to evaluate the full set of options before making a purchase. In particular, it provides an opportunity to experiment with the arbitrage functionality, which is undoubtedly the most intriguing feature for cryptocurrency traders because it is low-risk but necessitates the use of complex technology to achieve.

Who is the best candidate for BitsGap?

BitsGap is a versatile, all-in-one cryptocurrency trading platform developed for seasoned traders who want to maximize their profits. It would be much more valuable to frequent, more experienced traders, despite the fact that inexperienced traders can still try it out because of the extensive features and excellent automated trading. Furthermore, it is a good option for those who have a well-diversified cryptocurrency portfolio. As you are well aware, given that there are several crypto pairs available these days, you can do anything with the element of your arbitrage plan. However, you’ll need cutting-edge trading equipment that keeps track of price swings and executes deals at the most advantageous market price. That is exactly what BitsGap has to provide. Every trader will benefit from its best trading bots, which will make virtual currency trading more straightforward and convenient.

For traders seeking fiat arbitrage possibilities across a number of different trading platforms, BitsGap can be a very useful tool as well. This program provides good enough and accurate purchase and sell recommendations across a wide range of assets, which you will find very useful. A trading signal does not provide investing advice, but it can assist you in identifying the market value of an investment before you place orders to buy or sell securities in the market. This can, in the long term, assist you in increasing your chances of generating more money when trading currency pairings.

How many cryptocurrency exchanges does BitsGap cover?

BitsGap presently covers 25 cryptocurrency exchanges, including some of the most well-known brokers, such as Binance, Coinbase Pro, OKEX, and Kraken, amongst many more.

Is there a BitsGap mobile application?

For the time being, BitsGap does not offer a mobile application for iOS or Android smartphones. On the other hand, BitsGap has a website that is entirely responsive and fully operational on mobile browsers.

Conclusion

It is not always simple to trade across many exchanges simultaneously. Regular monitoring of all of your assets can be a difficult task. BitsGap, on the other hand, is designed to take care of this for you. A single window offers you access to 25 of the finest exchanges, making this a really versatile trading platform. This BitsGap review has given us all necessary information needed to convince us that it is an excellent trading bot.