With the world of crypto expanding year after year, manual cryptocurrency trading has become a thing of the past. New trading tools have popped up, powered by artificial intelligence designed to automate cryptocurrency trading.
For me, Bitsgap has stood out as one of the leaders in this field. Offering fully automated, AI driven bots designed to supercharge trading performance. However, is it truly as efficient as it sounds? Does its features stack up with its competitors?
Whether you’re a seasoned trader searching for advanced trading tools or a beginner trying to learn all you can about them before you make your first trade, my Bitsgap review will cover all you need to know about the platform.
Platform Features
Bitsgap, a platform founded by Max Kamykov, is a platform made specifically for the convenience of crypto traders. To provide them with tools that can enhance their day to day crypto trading.
Here’s some of the platform’s features that set it apart from other crypto trading platforms.
Automated Trading Bots
Bitsgap features an array of automated/AI driven trading bots designed to increase your trade making efficiency. A trading bot is basically a program driven to streamline the process of trading cryptocurrencies, in financial markets.
These bots allow traders to capitalize on even the slightest fluctuation in the crypto market instantly, generating profits on the slightest price change. Currently, the platform offers 5 different AI driven bots:
Portfolio Management Tools
I was pleasantly surprised to find that Bitsgap goes above and beyond being just a cryptocurrency trading platform. It seamlessly transforms into a robust portfolio management tool, and here's how it enhanced my crypto journey.
First off, managing trades across various cryptocurrency exchanges from one unified interface was a game-changer for me. It simplified the process and saved me a significant amount of time. No more switching between multiple exchanges, and that alone improved my overall trading experience.
But what truly sets Bitsgap apart is its ability to consolidate trading profits from different exchanges into one consolidated view. This was like having a financial control center. It made tracking and optimizing my trading performance a breeze, as everything was neatly organized under one digital roof.
Bitsgap's integration with more than 10 major cryptocurrency exchanges, including heavyweights like Binance, Coinbase, and Kraken, added a new dimension to my trading. I had the freedom to explore a wide range of assets and markets, all conveniently accessible through Bitsgap's interface.
Now, the crown jewel of Bitsgap for me was the complete portfolio tracking feature. It provided a dynamic, live-regenerated portfolio that allowed me to gain real-time insights into my holdings. Monitoring my current funds became effortless, and it provided a clear picture of my financial situation, helping me make more informed decisions. This feature, along with the platform's other capabilities, truly elevated my cryptocurrency trading experience.
Crypto Arbitrage Opportunities
Bitsgap provides its users with arbitrage bots that help you monitor and exploit price differences of crypto assets across 10+ cryptocurrency exchanges. From my understanding, these bots exploit market inefficiencies by buying the asset at a lower price in one market and selling it at a higher price in another market.
These bots help traders capitalize on these exceptionally time-sensitive trades by executing as quickly as possible. Currently, the platform supports arbitrage on over 200 cryptocurrency pairs.
Technical Analysis Charts
Using Bitsgap for my crypto trading, I found their technical analysis charts to be a lifesaver. Imagine a busy morning when you need to make precise trades. With Bitsgap, I had various charts at my disposal, helping me analyze price movements and identify trading signals with ease.
The flexibility of choosing different time frame indicators was a real advantage. Whether I was planning short-term or long-term trades, Bitsgap's options accommodated my strategy.
With that said, what truly impressed me was the ability to draw shapes on the charts for trend lines or pattern highlights — which ultimately made my analysis more intuitive.
Bitsgap's technical widgets were the icing on the cake. They condensed signals from numerous trading indicators into a clear buy or sell recommendation. This streamlined my decision-making, giving me a valuable edge in the crypto market. It's like having a personal crypto analyst right on the platform, enhancing my trading efficiency.
Ease of Use and User Interface
Any trading platform is only as good as its user experience. If user experience is not simple and intuitive then there’s really no point in using a trading platform, in my opinion. What I was most worried about with Bitsgap was how it handled its integrations with 10+ cryptocurrency exchanges.
Fortunately, from the reviews I’ve seen online and through my own experience of using the platform, I can tell you that it balances those integrations beautifully. There are no latency or delay issues in using their application. In fact, the easy navigation they’ve implemented deserves a special mention as it makes switching between exchanges and different bots exceptionally easy and simple.
What I found unique about the platform was how quickly their customer service department responded to questions with helpful responses. Many users reported that their support team was very quick to help individuals facing problems with their account, such as login issues.
Security and Reliability
Over the years, Bitsgap has done plenty to safeguard the traders using the platform. These safeguards have been put into place to ensure that none of the staff at Bitsgap itself and no outsiders can access or make trades on an active trader’s behalf.
One of these security measures involves using encrypted API keys when connecting with any of the trader’s exchanges. This ensures that Bitsgap isn’t giving itself any permission to transfer or withdraw any of your funds.
Traders also have the option of restricting their API keys to certain IP addresses, thereby preventing any trades from happening outside Bitsgap. Lastly, Bitsgap has also implemented two-factor authentication for anyone signing into their account. This ensures that no one can login to your account even if they hack your password.
I’ve personally seen many users appreciating Bitsgap's powerful security measures that prevent outsiders from gaining access to traders’ accounts. To this day, Bitsgap hasn’t experienced any severe security breaches in seven years of operation. That should tell you that the platform is incredibly secure for beginners and experienced traders alike.
Pricing and Subscriptions Tiers
Traders looking to access Bitsgap’s features can sign up with one of three subscription tiers offered by the platform. Each tier offers specific features that accommodate various trading needs.
First Tier
The first and cheapest tier, priced at $29 per month, enables traders to use 10 active DCA bots, 2 GRID bots and unlimited smart orders. This is quite a basic tier, but is ideal for beginners who’re just looking to make their first couple of trades profitable. If you sign up for 12 months, you receive 20% discount, making it only $23 per month.
Advanced Tier
Next comes their advanced tier, priced at $69 per month, which unlocks a few additional features including 50 active DCA bots, 5 GRID bots, unlimited smart orders, trailing up and down options for bots and futures bots. When you sign up for a 12 month plan, the price is discounted to only $55 per month.
Premium Tier
Last comes their premium tier, priced at $149 per month, which offers the most comprehensive toolkit yet. It includes 25 GRID bots, unlimited smart orders, 250 active DCA bots, trailing up and down options for bots, and the ability to activate a take-profit strategy for your bots.
This tier is perfect for any experienced trader looking to maximize their trade productivity and carry out bulk trades as quickly and as efficiently as possible. For those willing to commit to 12 months, the price is reduced to only $119 per month.
All of the tiers are available to try for free for 7 days. Click here to start a free trial, or visit the official Bitsgap website to learn more.
Comparative Analysis: Bitsgap vs Competitors
From my experience, the only online trading platforms with features similar to Bitsgap are CoinRule, CryptoHero, and HaasOnline. Each platform mentioned possesses its own unique advantages over the others. Let’s look at the following table to see how they compare to Bitsgap.
Trading Platform | Unique Advantages | Asset Support | Exchange Integration | Pricing | Mobile App |
|---|---|---|---|---|---|
Bitsgap | Extensive asset coverage (1,000+ assets) | 1,000+ assets | 17 exchanges | $29 / $69 / $149 per month | No |
CoinRule | Competitive pricing, free tier | Fewer assets supported | 8 exchanges | Free / $40 / $80 / $500 per month | Yes |
CryptoHero | Competitive pricing, free tier | Fewer assets supported | 14 exchanges | Free / $14 / $30 per month | Yes |
HaasOnline | Competitive asset support (800 assets) | 800 assets | 26 exchanges | $9 / $49 / $99 / $149 per month | Yes |
Bitsgap | |
|---|---|
Unique Advantages | Extensive asset coverage (1000+ assets) |
Asset Support | 1,000+ assets |
Exchange Integration | 17 exchanges |
Pricing | $29 / $69 / $149 per month |
Mobile App | No |
CoinRule | |
|---|---|
Unique Advantages | Competitive pricing, free tier |
Asset Support | Fewer assets supported |
Exchange Integration | 8 exchanges |
Pricing | Free / $40 / $80 / $500 per month |
Mobile App | Yes |
CryptoHero | |
|---|---|
Unique Advantages | Competitive pricing, free tier |
Asset Support | Fewer assets supported |
Exchange Integration | 14 exchanges |
Pricing | Free / $14 / $30 per month |
Mobile App | Yes |
HaasOnline | |
|---|---|
Unique Advantages | Competitive asset support (800 assets) |
Asset Support | 800 assets |
Exchange Integration | 26 exchanges |
Pricing | $9 / $49 / $99 / $149 per month |
Mobile App | Yes |
Bitsgap
Bitsgap excels in asset coverage, supporting over 1,000 assets, and offers integration with 17 cryptocurrency exchanges. It falls slightly short in terms of pricing, being slightly higher than its competitors. Although pricing is not the most competitive, the platform justifies the cost with its comprehensive features and trading bots. Notably, Bitsgap is not available as a mobile app.
CoinRule and CryptoHero
CoinRule and CryptoHero stand out with competitive pricing, including a free tier, making them appealing for cost-conscious traders. They provide support for a smaller number of assets compared to Bitsgap and have slightly fewer exchange integration options. Both platforms offer mobile app availability for enhanced accessibility.
HaasOnline
HaasOnline offers competitive asset support with 800 assets, and it also integrates with more than 25 crypto exchanges. The pricing includes four tiers, starting at only $9 per month, then $49, $99 and $149 for the top tier.
Bitsgap Pros and Cons
- Highly responsive and helpful customer support
- Offers a diverse variety of active trading bots
- Offers a free demo mode to newbie traders who want to hone their skills
- Integrates with over 10 different cryptocurrency exchanges
- Employs 2048-bit RSA encryption to ensure security of data
- Features a simple and easy to use user interface
- Higher priced tiers than competitors
- No mobile app
The Verdict
Overall, I find the Bitsgap trading platform to be one of the better options for both beginner and experienced crypto traders.
Its wide and diverse array of automated trading bots certainly make it stand out among its competition. Additionally, the platform also boasts one of the most responsive customer service departments among its competition, which certainly helps its rating.
The only slight drawback traders need to be aware of is that its fees are slightly higher than other crypto trading bot platforms. However, I personally don’t consider that as a huge problem considering the value that it offers. If you are interested in researching other options, see my article on the best crypto trading bots in 2024.