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Bots are automated programs that conduct trades on behalf of the investors. They are both quick and inexhaustible. Therefore, they can quickly respond to the shifting prices and make appropriate transactions in a good time. They can also work round the clock.
Traders, opt for the crypto trading platforms that support multiple exchanges. Many automatic trading platforms have included this feature due to its demand. However, Bitsgap is one of its kind, considering how it has combined this feature with other powerful feature such as arbitrage. This bot has become one of the favorite trading tools for many traders who understand how helpful it can be in saving time and improving profits.
Bitsgap is an all-in-one trading platform for trading Bitcoin and any other coins currently existing in the market. This multi-exchange trading platform offers great tools to help the users to trade efficiently.
The tools include a seamless yet powerful portfolio, automated trading algorithm, accurate signals, arbitrage, and demo/paper trading. All these tools are integrated into one interface to improve the user experience.
Bitsgap allows the users to track and monitor more than 1800 cryptocurrencies including popular ones such as Bitcoin. With this platform, users do not need to log into multiple exchanges to perform trade.
This trading tool seamlessly import and track all information from their cryptocurrency exchanges into one intuitive dashboard. It is an essential tab where you can handle all your exchanges from one place. You can click through separate exchanges just as if they were all one single platform.
Bitsgap’s algorithm analyzes more than 10,000 crypto pairs every second to detect the best opportunities with the strongest uptrend potential. This feature operates 24/7 hence ensuring that the trader does not miss any opportunity. After detecting anomalies, the algorithm presents them all in the tab allowing the user to see what coins are the best trading opportunity and then set a smart order.
The smart order, which is a proprietary Bitsgap order, is a combination of simultaneous Stop-Loss and Take-Profit orders. The algorithm waits until one of the predefined conditions of the user is met to complete the order as planned. Bitsgap merges the Stop-Loss and Take-Profit orders to drastically reduce the user’s risks while securing their profit gains.
Crypto arbitrage capitalizes on the price difference between exchanges to earn the trader a good profit. It allows you to track the best opportunities on the market. You can exploit price differential between the exchanges by buying crypto on an exchange where the price is lower and then selling it on an exchange where the price is higher.
This feature gives users a list of potential arbitrage opportunities from different exchanges in one seamless interface. professional traders will like this option because Bitsgap did a good job on it. However, this feature is not a good idea for new traders who lack experience and knowledge in market trading.
Bitsgap Demo/Paper Trading
You can switch your Bitsgap account to the DEMO version and gain trading experience before taking live trading on, especially if you are a new trader. In this case, your account is funded with simulated demo funds that enable you to test your trading strategies and get to know the platform with no risk. With the Demo account, you still have access to all major features on the Bitsgap platform.
Bitsgap also offers a backtest for strategies. You can run your strategy through the backtesting tool, before making an investment decision, to determine its effectiveness.
Bitsgap has a simple, clean and seamless user interface that is beginner-friendly. It integrates all the exchanges into one platform hence making it easier for users to access different exchanges.
The buttons for accessing the pages of all major features are also located on the homepage to simplify the process of reaching the pages. Every feature is also simply explained in a manner that anyone can understand.
The DEMO mode also helps new users to gain experience and familiarize themselves with the program before venturing into a live trade.
Bitsgap uses API keys to access your exchange and make a trade. API is secure since it does not reveal any information involving your exchange account. The user’s password and all personal information are held secure. Bitsgap can't withdraw your fund from your exchange account in any way.
Bitsgap encrypts all information delivered to the server with 2048-bit standard protocols and stores them in a secure network that is protected by a firewall. No one can access the user's information. Bitsgap also strongly recommends using 2FA for both Bitsgap and email addresses to make sure that the user’s account is kept safe.