How safe is Bitsgap? Is it safer than the Pionex and Binance default grid bots?
We will certainly cover more in our Bitsgap review.
CoinSutra readers may have seen my previous reviews of Cryptohopper and Pionex. Bitsgap is a tool that is rapidly growing and is worth mentioning.
Actually, I enjoy being associated with crypto bot tools at an early stage. It feels like I’m watching the development of something great.
Bitsgap sounds similar to me. I discovered it when I was searching for a grid bot tool to help our CoinSutra VIP customers. Although there were many tools similar to Bituniverse, 3Commas and Pionex, Bituniverse still existed. Bitsgap kept improving these tools with new features.
Let’s begin at the top.
What is Bitsgap?
Bitsgap described itself as:
All-in-one platform that automates trading for Bitcoin and other Cryptocurrencies. The best crypto trading bots, smart algorithmic orders, Portfolio & Demo trade – all you need to manage your assets in one interface.
Although it is not a cryptocurrency exchange, it can connect with most popular crypto exchanges. It also offers advanced automation tools that will help automate large parts of your trading. You can also trade on multiple exchanges with ease using the trading terminal.
You don’t have enough words to describe Bitsgap? Watch this video for a quick overview.
Let’s first address some frequently asked questions before I dive into the Bitsgap review.
A special offer: Get a week of Bitsgap free!
How long have Bitsgap been around?
Bitsgap, a cryptocurrency trading robot, was launched in 2018. You can use it to test out trading bots, signal management and portfolio management.
Is Bitsgap located in the United States?
Bitsgap’s LinkedIn page shows that they are registered in Estonia. Here’s a excerpt from their LinkedIn bio: “We are an Estonian privately held company. Our team consists of industry experts who have extensive experience in asset management, trading, and blockchain technology from all over the globe. We are confident in delivering an efficient service to our customers. Our system will be continuously updated based on user feedback and the needs of the ever-growing pool of crypto traders worldwide.
Who is Bitsgap’s CEO?
Max Kalmykov, the CEO of Bitsgap is also the founder and CEO of Cointraffic. Cointraffic, which has offices across the globe and a team made up of top professionals, is today a major advertising network.
How secure and safe is Bitsgap?
Bitsgap uses an API key to connect with a crypto exchange. Bitsgap uses 2048-bit encryption. Your API keys are encrypted and sent to their servers. This encryption is used by online banks. You must ensure that your API key does not allow withdrawal permissions to Bitsgap. Bitsgap’s security is excellent and they can connect to your crypto exchanges.
How does Bitsgap make its money?
Bitsgap can be considered a paid tool. They offer subscriptions to their bot services. I will be discussing Bitsgap’s pricing model in the Bitsgap section.
Bitsgap offers a free plan
Bitsgap offers a free plan that is activated automatically after a 7-day trial of their basic plan. To enjoy the premium benefits of Bitsgap’s premium plans, you can upgrade at any time.
Are Bitsgap and Binance grid bots better?
Bitsgap has many advanced features that aren’t available with the Binance grid bot. Bitsgap has one drawback: it costs money, while the Binance grid Bot is free.
Are Bitsgap and Pionex better?
Pionex is more reliable than Bitsgap because it is free and has all the same features as Bitsgap. Pionex, on the other hand, is an exchange that allows you to store your funds on Pionex. Bitsgap, on the other hand, is an automated tool which connects to your crypto exchanges via API. Your funds are always in the custody of the exchange. Pionex charges 0.5% per transaction while Bitsgap would charge the transaction fees for your crypto exchange.
Bitsgap: The pros and cons
Back-testing featureMonthly subscription feesSignals for running botsNo mobile appOption to edit the range of your grid bots2048-bit encryptionWell-established team
Pricing and plans for Bitsgap
Bitsgap currently offers three plans at the time this review was written. The Basic plan costs $29 per month and allows you to run 2 trading bots as well as place unlimited smart orders. You can also purchase a Bitsgap subscription with cryptocurrency.
I recommend that you start with the basic plan. You can always upgrade at any time. They offer a 7-day free trial. You should look into their top plans if you plan to use Bitsgap to run grid bots and take advantage of features like Trailing up/down for bots and Take profit. Below are some free alternatives to Bitsgap.
Get a 7-day free trial of Bitsgap
Bitsgap Discount and $10 Credit
Bitsgap doesn’t offer any discounts on their website. However, you can sign up using the special link below to get $10 credit.
You will receive a $10 credit via this link, which you can use to upgrade to a paid plan. This Bitsgap discount is not subject to any conditions. It will be available when you upgrade your trial or free plan to a paid one.
Get Bitsgap discount
My personal experience with Bitsgap
Bitsgap was my first experience with them. I have been using them since 2020. To test their grid bot trading feature, I paid for their premium account. They also added features that allow you to make money even if the bot is out of your range. This feature was something I had never seen before, and it made Bitsgap even more enjoyable.
They adjusted their pricing over time to make it more affordable for all. And they continue to innovate with new features and new exchanges.
As I use 3Commas to trade, I didn’t test the trading terminal. It offers all the features you could want. It is easy to use and simple to navigate.
The automated trading bot feature of Bitsgap is well worth the money. You could also test it before you commit to buying it. Bitsgap is a great tool to have in your arsenal. Bitsgap has not yet been criticized.
The Best Bitsgap Options:
Competition is good for innovation. Bitsgap is no exception, as the crypto industry is filled with innovators and innovative tools.
These are the closest alternatives to Bitsgap
Pionex, a crypto bot trading platform and one of Binance’s largest brokers, is Pionex. Learn more about Pionex. Pionex can be used for free, as it is a major broker of Binance, Huobi, and charges very low transaction fees. This makes your bots more profitable. It also has features such as “Take Profit”, which allows you to make money from bots.
Pionex – Create an account instantly
Another brand that is very popular with automated traders is 3Commas. 3Commas is more popular with automated traders who are looking for a trading terminal app and advanced strategies. But, the Bitsgap grid trading bot feature is far superior to 3Commas.
3Commas is available for a free trial
As I find more Bitsgap options, I’ll add them to the list. For now, Pionex or 3Commas are my top Bitsgap options.
Conclusion: Bitsgap Review
This review of Bitsgap has come to an abrupt halt. One thing is certain: Bitsgap will not be leaving. Strong team, great features, and a clear revenue model. Perfect product-market fit. They place a lot of emphasis on security which allows them to establish trust with their users, like you.
I think Bitsgap is worth a try. The basic plan comes with a 7-day free trial, which is enough time to help you decide whether it is right for you.
Enjoy a week of premium edition for free
It is now your turn to tell CoinSutra and me about your experiences and feedback with Bitsgap. It was great! What did you like?
If you found this Bitsgap review helpful, please share it with your crypto friends. If you have any questions regarding Bitsgap, please let me know.
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