Bitsgap Review 2024
Minimum
deposit:
  • $1

Trading platform:

  • Proprietary platform

Bitsgap Review 2024

Updated:
Updated: October 06, 2023
Your capital is at risk.

3.96

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Minimum
deposit:
  • $1

Trading platform:

  • Proprietary platform
Trading features:
  • Trading with automated bots is available, trading conditions depend on the chosen crypto exchange

Summary of Bitsgap Crypto Exchange

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 ranks 54 among 173 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.

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.

NOTE!

If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.

Traders Union experts recommend considering Top 3 companies from our rating:

Start Trading with RoboForex
Your capital is at risk.
Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. We are unable to verify the validity of reviews and publish all reviews, both positive and negative, in accordance with the Users Reviews Policy.

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.

💰 Account currency: USD, EUR, cryptocurrencies
🚀 Minimum deposit: From $1 (the size varies depending on the conditions of the selected crypto exchange)
⚖️ Leverage: 1:1 (i.e., not provided)
💱 Spread: market
🔧 Instruments: Cryptocurrencies, futures
💹 Margin Call / Stop Out: No

👍 Advantages of trading with Bitsgap:

  • 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.

👎 Disadvantages of Bitsgap:

  • you cannot trade with leverage;
  • lack of a license from a reliable regulator;
  • no online chat and phone support.

Evaluation of the most influential parameters of Bitsgap

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

2.75

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

6.05

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

5.83

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

5.99

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

6.35

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

6.57

/10

NOTE!

Do not miss a chance to get additional monthly bonuses and payouts for trading at Bitsgap cryptocurrency exchange.

Login preview

Enter the referral code when you register on the Bitsgap website.

6d58d23b

Login preview

*TU may receive partnership reward for registration of the client on the company’s website on a referral link.

Your capital is at risk.

Geographic Distribution of Bitsgap Traders

Popularity in

46%
US
United States
4.7%
CA
Canada
4%
AU
Australia
3.1%
KR
Korea, Republic of
2.8%
PR
Puerto Rico
2.3%
AR
Argentina
2%
MX
Mexico
1.4%
SG
Singapore
0.9%
CO
Colombia
22.8%
Others
Others

User Satisfaction i

3 comments
Total score:
3.3 /10

Share your experience

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yuks
9 weeks ago

Bitsgap raises suspicion of being a potential scam. Withdrawal fees, in particular, are surprisingly high, with the exchange imposing charges across all currencies. Exercise extreme caution when dealing with Bitsgap, as their practices may not align with your expectations or financial interests.

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Alexander1155
2 years ago

Carefully! Bitsgap is probably a scam. Although they write that there are no commissions. But apart from any tariff plans, Bitsgap has commissions. The commission for withdrawal is far from small, the exchange takes a commission for withdrawing money in any currency. I do not advise!

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Avatar
felixos
2 years ago

From the very beginning, I did not like Bitsgap very much. There were mixed feelings. Either trading is normal, then suddenly the server will disappear unexpectedly. And now they don't even want to withdraw. I waited a week, and wrote a complaint, so they answer, they say, you know, times are hard. Fine? Looks like another bankrupt is waiting for us soon.

Expert Review of Bitsgap

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.

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Dynamics of Bitsgap’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

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.

Important!

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.

Trading Conditions for Bitsgap Users

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.

$1

Minimum
deposit

1:1

Leverage

24/7

Support

💻 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
💱 Spread: 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
Your capital is at risk.

Broker comparison table of trading instruments

Bitsgap Bybit MEXC Binance Kraken Coinbase
Forex No No No Yes Yes No
Metalls No No No No No No
Crypto Yes Yes Yes Yes Yes Yes
CFD No No No No No No
Indexes No No No No Yes No
Stock No No No No No No
ETF No No No No No No
Options No No No No No No

Bitsgap Commissions & Fees

Information
An analysis by the Traders Union of Bitsgap’s conditions showed that the cryptocurrency intermediary platform does not withhold commissions for trading and withdrawing funds. However, remember that Bitsgap is an intermediary between traders and other cryptocurrency trading platforms that may charge a trading commission. Before trading on Bitsgap, a trader must choose one of three tariff plans with a monthly fee of $29/€25, $69/€59, and $149/€129, so the services of the crypto exchange cannot be considered completely free. The subscription fee can be reduced by paying a 6-month fee in advance.
Account type Spread (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
Bitsgap $1 Low
Binance $6 Medium
Bybit $20 High
Logo Bitsgap
$1
$6
$20

Contacts

Foundation date 2018
Registration address 14004763, address Rotermanni tn 18, 10111, Tallinn, Estonia
Official site
Contacts
Your capital is at risk.
Disclaimer:

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.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
Bitsgap Review Bitsgap Review

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FAQs

Do reviews by traders influence the Bitsgap rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Bitsgap you need to go to the broker's profile.

How to leave a review about Bitsgap on the Traders Union website?

To leave a review about Bitsgap, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about Bitsgap on a non-Traders Union client?

Anyone can leave feedback about Bitsgap on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

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