We tested the Bitsgap bot and saw some gains.

Bitsgap is becoming ever more popular with traders. Many of you ask us what we think of trading bot. You should know that we (editors on zonebitcoin) use it often. And this for several reasons, the main one being the little time we have to trade manually. THE automated trading is then a perfect compromise.

So, we decided to test a platform of trading bot and start from scratch. We also filmed our use of the bot. The goal? Give you an objective “analysis” of our use of the bot. For this article, we chose the bot Bitsgap.

The first question you probably ask yourself is the choice of bot, right? Please know that we have tested dozens but have retained a newcomer.

It seemed easier to us to discover a bot with you (and not to have any history). We start from scratch and make it like this is the very first time we are using a bot. Our test is intended to be scientific, oh yeah!

Now that the basic rules have been stated; We can start presenting the bot. The explanation, tutorial and winning parts will follow. Yes, we know that’s what interests you 😉

Disclaimer and Notes:

We are doing a test here. This is only our responsibility. Always do your own research before investing in any platform. Also, we opted for Bitsgap which seemed the easiest to understand. There are other bots on the market.

Bitsgap Overview

It is a new platform that offers to configure and monitor trading bots. Bitsgap allows us to take advantage of opportunities toarbitrations automatically. We don't have to do it manually and check the price difference on each platform.

You will agree that this can quickly become tedious and is almost impossible to do properly. Indeed, while we need to rest and sleep, the markets never sleep...

Thus, on Bitsgap, you can connect the exchanges you use directly on the platform.

To summarize, here are the services offered on Bitsgap:

• The history of our past trades.
• Make gains on the price difference between exchanges (the famous arbitrage method).
• A demo account to test our strategies
• Bitsgap is compatible with over 30 major exchanges including Binance, Kraken, Bitfinex, etc.
• Traders have access to over 10 trading pairs and several technical indicators.
• The platform has an optimized and intuitive interface for beginners and experienced traders alike.

So, on Bitsgap, you can then do different activities on Bitsgap, the main ones of which are:

Trading : You can trade on Bitsgap even if the platform is used more for trading bots. We have TradingView charts and usual technical indicators. We have access to our histories and especially to our open positions on exchanges.

How to Use Cryptocurrency Trading Bots

Let's get to the heart of the matter. The Bitsgap trading bot will allow you to make profits on the volatility of cryptocurrencies.

There are 3 types of bot on the Bitsgap platform:

The Classic bot: This one uses the same base amount. He will sell and buy the same amount.

To use the trading bot service, you must have a minimum amount of funds. This amount will depend on the pair chosen. We started with $100.

Once you have connected your exchange API to the trading bot Bitsgap, you can choose the bot to work on the trading strategy of your preference. Bitsgap already has several backtested predefined strategies in place.

Use the arbitration method

If you want to test a new strategy or make sure everything is going well, the backtest feature can show how your bot would react to market changes.

For example, let's say you buy a cryptocurrency on an exchange where the price is lower. You stand to gain everything by selling the same amount of the same cryptocurrency on another exchange where the price is higher.

This is called the crypto arbitrage method. Usually, this is a set of cryptocurrency trading orders of the same pair that take place at the same time, but on two different exchanges. While it may seem almost impossible to do manually, Bitsgap makes it easy by combining the powers of its automated and AI-powered system.

At Bitsgap, arbitrage potential is calculated based on your account balance. You also have the choice between crypto-to-crypto and crypto-to-fiat arbitrage opportunities.

Taking into account the different fees and commissions charged by competing exchanges, Bitsgap will include this in its estimated profit percentage. This makes the process more efficient, allowing you to arbitrage if the numbers add up.

How secure is the Bitsgap platform?

This is an essential criterion when you want to choose a platform on which you will deposit your funds. Bitsgap follows all the rules in force to guarantee its customers the security of funds.

All connection attempts are secure and you receive an email that you must validate to connect to the platform.

You can also (recommended) use 2FA to double secure your account.

Funds are otherwise secure in the exchange and APIs are fully encrypted. Apart from trading operations, the API does not provide any personal data.

Besides, you choose the parameters of your API key. For example, withdrawal options are decided by users. If you do not want Bitsgap to withdraw your funds, then the API will not be able to do so. Your exchange platform will then keep the funds.

In terms of IT security, Bitsgap uses RSA 2048 encryption for all site services. The majority of banks and other financial institutions use only 1024-bit encryption. Bitsgap reminds us that they offer both types of security.

How much does Bitsgap cost?

Like many trading bot, Bitsgap has chosen the monthly or annual subscription model. This is a very common practice for trading bots to avoid users paying fees for each transaction.

There are 3 subscriptions (free and paid) and you can choose the one that suits you best.

The free plan:

The free plan is, in fact, a trial plan available for use for 14 days. All standard features are included in this plan, along with a monthly trading limit of $1. We highly recommend taking advantage of this free trial to understand how the platform works before opting for a paid version.

Subscription at $19 per month

The basic account comes with all standard features and allows you to engage in unlimited trading. This is what we chose for example. However, there is a limit of $25 after which you will need to upgrade.

You also have access to your cross-exchange wallet and can configure trading signals and extended order types. The demo trading option is also available with two active automated trading robots.

Subscription at $44 per month

This account gives you all the benefits of the Basic plan, with a monthly trading limit of $100. The number of active trading robots also increases from 000 to 2. Additionally, you can also benefit from Bitsgap arbitrage services.

Pro plan at $110 per month

The Pro plan is best suited for traders who are looking for unlimited limits on unlimited trading. You can also configure 15 active bots to trade in live market conditions. Pro Plan owners will also receive priority support.

Note: Bistgap does not charge any fees for transactions. All its services are included in the monthly subscription. All fees on trades are imposed by the respective exchange you are trading on.

How to start using Bitsgap

Bitsgap was designed to be easy to use even for a beginner. Here are the steps to follow if you also want to use it.

• Create your user account on Bitsgap. Registration is very quick and KYC is not required. You will just need to confirm your email ID to complete the setup.
• Now you need to be registered on an exchange platform like Kucoin, Binance or Okex, as is our case.
• Once this is done, you can now connect the Bitsgap API. To do this, click on “start your bot”.

Start choosing your bot.

Then, you have to go to “My exchanges”, and connect your exchange platform. To do this, you will need to go to your exchange platform and click on the API tab. Depending on your platform, you will find a tab for API.

You can create one with a password. You will then need to enter the secret key on your API on Bitsgap.

And presto, that’s it.

Bitsgap: Our final verdict and our gains after 1 month…

Cryptocurrency trading is now mainstream, which means there is a growing demand for technically sound trading services. If you are looking for a combination of advanced trading tools, technical indicators, and ease of use, Bitsgap is worth considering.

Overall, Bitsgap is a safe, secure, and fully encrypted platform to trade with. The automated trading algorithm is clearly a remarkable advantage, allowing you to generate a constant stream of income with very little risk.

Frankly, to give a frank assessment, we are delighted with this software. We started with $100 and a month later we had $121 in our account.

We recorded our screen to show you. It's striking. We then decided to take the next step and deposit $1000. Then, we will move on to 10K because you can quickly imagine how much that can bring us 😉

This is also what we recommend, to progress gradually.

Considering how far the platform has come, it is fair to expect Bitsgap to introduce more resources in the future. Overall, you have very little to risk by trying the platform through its 7 day free trial.

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Disclaimer: This is not financial advice, just information sharing. Always do your research as this is an experimental area that is sometimes beyond us.