Bitsgap Review – Is This Crypto Platform Worth Using?

About Bitsgap

Bitsgap is an all-in-one cryptocurrency trading platform where users can link all their exchange accounts under one roof to trade from a unified interface.

In addition to manual trading, Bitsgap supports automated trading via crypto trading bots and a portfolio management section to easily track your performance across all exchanges.

Bitsgap supports over 18 crypto exchanges, including Binance, Kraken, Bitfinex, Poloniex, KuCoin, and Coinbase Pro, and all trading pairs supported on the linked exchanges will be supported via Bitsgap.

If you want to learn all about its services and whether or not a Bitsgap account is right for you, stick around for this in-depth Bitsgap review.

Bitsgap Crypto Trading

To start trading with Bitsgap, you’ll have to link your exchange with an API key. Once connected, Bitsgap will function like any other high-level crypto trading platform.

One of the major advantages of using Bitsgap is it allows users to execute limit, market, stop, stop limit, trailing take profit, TWAP, and scaled orders even if their linked exchange doesn’t support them.

The Bitsgap interface is also very appealing, with a large chart powered by TradingView, and all the usual advanced trading tools like order books, recent trades, open orders, positions, order history, and, of course, the order panel.

Trading interfaces are naturally subjective, but Bitsgap’s is certainly better than most. For any crypto traders using an exchange with a subpar interface (like Kraken’s), Bitsgap will be a significant improvement in terms of aesthetic and functionality.

Even a crypto exchange with an excellent trading interface and set of trading tools may not have all the order-type options Bitsgap has, so there can be significant advantages to using the Bitsgap platform, especially if you have multiple exchanges.

Crypto Trading Bots on Bitsgap

Bitsgap supports several automated trading strategies through three types of crypto trading bots: a DCA bot, a Grid bot, a Combo bot, and a Scalper bot.

The DCA bot is a simple dollar-cost averaging strategy that divides investments across periodic purchases to get a better average entry price. 

The Grid trading bot, which includes “Flat,” “Buy the dip,” and “Custom” options, are tools to profit from sideways or range-trading price action.

The Combo bot, available only through a linked Binance account, is a futures trading bot that uses grid and DCA algorithms to profit in both rising and falling markets.

The Scalper bot is a high-frequency trading bot that will place hundreds of trades per day to profit from minor price changes, but it is only available to Bitsgap users with a KuCoin exchange account.

Another great feature included with the Bitsgap crypto trading bots is the ability to backtest strategies to see what their performance would have been over some specified period of time.

Users can choose very specific time periods for any Bitsgap trading bot, and the backtesting feature will automatically calculate the return over that period.

Bitsgap Pricing

While Bitsgap offers a 7-day free trial to all users, it has three paid plans to choose from after that trial has expired.

The Basic plan ($29/mo. or $24/mo. for a 6-month plan):

• 2 Active Grid Bots
• 10 Active DCA Bots
• Unlimited Smart Orders

The Advanced Plan ($69/mo. or $57/mo. for a 6-month plan):

• 5 Active Grid Bots 
• 10 Active DCA Bots
• Unlimited Smart Orders
• Futures Trading Bots
• Trailing Up for Bots

The Pro Plan ($149/mo. or $123/mo. for a 6-month plan):

• 20 Active Grid Bots 
• 10 Active DCA Bots
• Unlimited Smart Orders
• Futures Trading Bots
• Trailing Up for Bots
• Take Profit for Bots

How Bitsgap Compares to Competitors

In terms of functionality, the main competitors of Bitsgap to consider are likely TradeSanta and Pionex.

TradeSanta is almost identical in the bots it offers but has a much better interface, a marketplace of bots you can copy, and arguably a bit more customization amiable to users.

It doesn’t have as good a manual trading interface or as many order-type options, but the bot portion of the platform is at least as good or better, and it’s a bit cheaper than Bitsgap.

As for Pionex, the platform is more manual trading focused, but there are actually way more trading bot options, and it’s entirely free.

It is, again, lacking in manual order types compared to Bitsgap, but it’s hard to see how its trading bots aren’t on even ground with Bitsgap, which is incredible considering it’s $0 per/mo. compared to a minimum of $24 per/mo.

Bitsgap is by no means a bad platform; in fact, it’s pretty good, but there are a lot of good platforms out there, and they don’t cost nearly as much.

If you are going to spend that kind of money on a crypto trading bot platform, HaasBot and Gunbot are advanced-level platforms that will give you way more bang for your buck.

But if those platforms are a little too complicated, TradeSanta or Pionex are likely better places to start than Bitsgap.

Conclusion: Bitsgap Review 

After carefully walking through all of its services for this Bitsgap review, we believe Bitsgap is a great trading bot platform for less advanced trading bot users, but it is likely not worth the prices they charge.

The Bitsgap pricing is a bit aggressive when you consider how limited the customization features are for any of its active trading bots. This is not to say they are too limiting to be useful, but they are largely preconfigured. 

Most trading bot platforms with costs as high as Bitsgap afford users complete freedom to tweak every aspect of the trading bot strategy, including incredibly specific rules and indicator parameters.

Bitsgap, on the other hand, only allows minimal customization, so advanced cryptocurrency trading strategies will be harder to implement.

For that reason, the Bitsgap cost structure doesn’t seem to align with what other platforms offer or charge.

That being said, the order types Bitsgap supports in its manual trading section are a huge advantage if your exchange lacks the order types you need/prefer, but that still doesn’t warrant the subscription costs.

Adding the manual trading features to the trading bots certainly sweetens the deal, but the trading bots themselves are fairly average and can be found elsewhere for much cheaper or even no cost in the case of Pionex.

If you have accounts with multiple exchanges you want to be linked under one interface, need additional order types your exchange doesn’t support, and think you would find value in the preconfigured bots Bitsgap offers, it might be a great option.

However, even with all those boxes checked, it’s hard to justify Bitsgap’s cost when so many alternatives offer the same for less money or much more for a similar price.