Bitsgap Overview
Bitsgap is a comprehensive cryptocurrency trading platform designed to streamline and enhance the trading experience for crypto enthusiasts of all levels. Founded by Max Kalmykov in 2017, Bitsgap has evolved into a robust tool that integrates automated trading bots, portfolio management, and advanced trading features.
Key Features
Automated Trading Bots
Bitsgap is renowned for its AI-driven trading bots, which include a variety of strategies such as:
- Grid Bots: These bots operate within a predefined price range, placing buy and sell orders at set intervals to capitalize on sideways market movements.
- DCA (Dollar-Cost Averaging) Bots: Designed for trading in rising or falling markets, these bots help reduce the impact of volatility by averaging the cost of purchases over time.
- Futures Bots: Combining DCA and grid trading strategies, these bots are tailored for futures markets.
- Scalper Bots: These bots focus on making multiple small and recurrent profits through frequent trades.
Portfolio Management
Bitsgap allows users to centralize their cryptocurrency exchange accounts into a single unified interface. This feature enables traders to manage all their assets, track investments, and oversee active trading bots across multiple exchanges, including major platforms like Binance, Kraken, Bitfinex, Poloniex, and Coinbase.
Advanced Trading Tools
The platform offers a range of sophisticated trading tools, including:
- Smart Trade: Allows users to execute trades across all linked exchanges from a single page.
- Stop-Loss and Take-Profit Orders: These orders help limit losses and secure gains by setting specific price levels for automatic execution.
- Stop Limit Orders: Executed at a set price, these orders convert to limit orders upon reaching the specified price.
- TWAP (Time-Weighted Average Price) and Scaled Orders: Strategies for executing trades evenly over a specified time period or placing a series of limit orders over a price range.
- Shadow Orders: These orders are executed off the exchange’s order book, remaining hidden from other traders until the set price is reached.
Arbitrage Opportunities
Bitsgap exploits price differences between exchanges, allowing users to profit from arbitrage opportunities by buying assets at a lower price on one exchange and selling them at a higher price on another.
Demo Practice Mode
The platform offers a risk-free demo practice mode where users can test trading strategies and hone their skills without using real funds.
AI Assistant
Recently introduced, the AI Assistant feature enhances crypto bot trading by analyzing thousands of pairs across all connected exchanges. It selects the most profitable automated trading strategies based on backtesting and algorithms, focusing on overseeing an entire portfolio rather than individual bots.
Security
Bitsgap ensures high-level data security using 2048-bit RSA encryption and connects to exchange accounts via individual API keys, meaning the platform never holds users’ funds directly.
Subscription Plans
Bitsgap offers three subscription plans to accommodate different trading needs:
- Basic Plan ($23/month): Includes 2 GRID Bots, 10 DCA Bots, and unlimited smart orders.
- Advanced Plan ($55/month): Adds features like 5 GRID Bots, 50 DCA Bots, futures bots, and trailing up & down options.
- Pro Plan ($119/month): Provides the most comprehensive toolkit with 25 GRID Bots, 250 DCA Bots, and the capability to implement take-profit strategies for bots.
In summary, Bitsgap is a powerful and user-friendly platform that combines automated trading bots, advanced trading tools, portfolio management, and arbitrage opportunities, making it an invaluable resource for cryptocurrency traders.