Bitsgap Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary platform
- Trading with automated bots is available, trading conditions depend on the chosen crypto exchange
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary platform
- Trading with automated bots is available, trading conditions depend on the chosen crypto exchange
Our Evaluation of Bitsgap
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Bitsgap is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.96 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Bitsgap clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Bitsgap is a platform through which traders can trade on the world’s popular crypto exchanges after paying a monthly subscription fee. It is suitable for both active traders and passive investors who prefer algorithmic trading that employs bots.
Brief Look at Bitsgap
Bitsgap is a young Estonian cryptocurrency intermediary platform founded in 2017 by an enthusiastic team of private traders, security experts, and marketers. Their goal was to create a universal platform, the functionality of which will allow a trader to trade not on one, but on several crypto exchanges at the same time. At the moment, every Bitsgap client can exchange cryptocurrencies on 20 world exchanges, thereby adjusting to the market in real-time. Traders who do not want to trade on their own can connect special bots designed for different tasks and trading styles.
- a wide range of assets comprising more than 600 pairs of cryptocurrencies;
- the presence of several tariff plans with different subscription rates, the size of which can be reduced by paying for 6 months of use in advance;
- no trading commissions for transactions or additional fees for making a deposit and withdrawing funds;
- trading using bots is allowed without additional commissions;
- integration with more than 20 major crypto exchanges;
- a 7-day trial version of paid plans is available without verification;
- availability of a functional trading platform based on TradingView.
- you cannot trade with leverage;
- lack of a license from a reliable regulator;
- no online chat and phone support.
TU Expert Advice
Financial expert and analyst at Traders Union
Bitsgap is a unique trading platform. With its help, a trader can combine all existing accounts created on other crypto exchanges and trade through a single interface. Bitsgap is in partnership with more than 20 cryptocurrency exchange platforms such as Binance, Coinbase, Kraken, Bitfinex, and the Traders Union.
Bitsgap is an active independent trading platform. After paying a monthly fee, traders get access to bots that allow them to automate the trading process. With its wide trading options and a huge selection of assets (over 600 pairs are available), both beginners and experienced traders trade through Bitsgap. One of the advantages of this exchange is the availability of trial versions, which allow you to try trading for free from any tariff plan for 7 days.
Bitsgap offers a custom web terminal that works on both desktop and mobile devices. It features TradingView charts, over 100 technical indicators, over 50 smart drawing tools, and 12 customizable chart types. It also has a Portfolio widget that allows you to track your trading performance in real-time without having to log into multiple crypto exchanges.
Bitsgap Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Proprietary platform based on TradingView |
|---|---|
| 📊 Accounts: | Demo; Free 7-day free trial version of any paid tariff plan; Basic, Advanced, and Pro plans |
| 💰 Account currency: | USD, EUR, cryptocurrencies |
| 💵 Replenishment / Withdrawal: | Bank cards Visa/Mastercard, PayPal, Bitcoin, Litecoin, Ethereum, and more than 50 other altcoins |
| 🚀 Minimum deposit: | From $1 (the size varies depending on the conditions of the selected crypto exchange) |
| ⚖️ Leverage: | 1:1 (i.e., not provided) |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | from 0 |
| 💱 Commission: | market |
| 🔧 Instruments: | Cryptocurrencies, futures |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | No |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market orders, Limit orders, stop-limit orders, Smart orders, Shadow orders |
| ⭐ Trading features: | Trading with automated bots is available, trading conditions depend on the chosen crypto exchange |
| 🎁 Contests and bonuses: | Yes |
Traders receive the trading conditions of the crypto exchange they have connected to through the Bitsgap platform. Bitsgap charges a flat monthly fee for providing access to popular exchanges.
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Commissions and fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Basic | from $1 | No |
| Advanced | from $1 | No |
| Pro | from $1 | No |
Also, Traders Union analysts compared the average commission of Bitsgap and two other crypto exchanges - Binance and Bybit. The comparative results are presented in the table.
| Broker | Average commission | Level |
|---|---|---|
|
$1 | |
|
$6 | |
|
$20 |
Investment Options
Investment Programs, Available Markets, and Products of the Crypto Exchange
Bitsgap allows its clients to conduct independent trading, and also to connect bots for automated trading. The company does not withhold any commissions for providing access to the robot(s). The trader pays only the monthly subscription fee stipulated by the selected tariff plan. Also, every Bitsgap client can become a partner and receive passive income for registering new clients and for their trading.
Bots for algorithmic trading — types and principles of operation
Bitsgap offers 4 bots that are compatible with all partner exchanges. The number of bots available to a trader depends on the tariff plan the trader chooses. Under the terms of the Basic plan, the client can connect 2 bots; with the Advanced plan, it’s 5 bots; with the Pro plan, it’s 20 bots. Buy and sell orders are automatically set by a special algorithm. This happens while the price of cryptocurrencies is moving and when there is a high probability of making a profit. The size of the minimum deposit to start trading with bots is not fixed and is calculated by the system based on the number of grid levels (Grid Quantity) set by the trader and the Investment parameter.
Available bot types:
Sbot is for side markets.
Classic bot is a grid bot with a moderate reward/risk ratio.
Combo bot is a futures bot that uses a combination of DCA and grid strategies.
Scalper bot is HTF-bot for fast trading.
Bitsgap does not recommend launching any of the bots in case of an obvious uptrend or downtrend but advises to wait for the moment when the market enters a sideways movement. The pairs for trading are determined by the trader himself, but Bitsgap helps with this. The Strategies trading terminal widget contains a list of the most profitable pairs for the last 3 days, a week, and a month. It is compiled based on retrospective testing.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Bitsgap’s affiliate program:
Refer A Friend (RAF) is a program with a reward of $10 for each connected referral who has got a paid package. The partner also receives 30% of the subscription fees of all invited friends who continue to use Bitsgap services.
All customers who have a paid subscription to a tariff plan have the right to participate in the referral program.
User Satisfaction