Currently, the cryptocurrency market is one of the most popular financial markets in the world, and many traders in this field use the cryptocurrency trader robot to automate their transactions. Bitsgap bot is an automated cryptocurrency trading bot that allows its users to trade more than 10,000 currency pairs seamlessly. Manual cryptocurrency trading is subject to human error and may result in large losses. But how does the Bitsgap trading robot help us in making transactions? Are these bots trustworthy? Stay with me to get answers to your questions.
What is the Bitsgap trading robot?
Bitsgap robot is a new way to buy and sell digital currency in exchanges, finding the best rates and managing the investment portfolio. This platform allows you to have all these services in one place and access your property with the click of a button. Bitsgap is a platform for cryptocurrency trading using an automated bot. This platform is not an exchange and is not a place to hold our crypto assets.
The Bitgap platform, like the Mod Rex robot, consists of a collection of robots, each designed for a specific investment or trading strategy. After registering and transferring money on this platform, you can choose a trading strategy so that the Bitsgap trading robot will automatically carry out digital currency transactions around the clock. In fact, this robot, relying on features such as the implementation of cryptocurrency arbitrage strategy and the possibility of using advanced robots for simultaneous trading in several operating systems, provides special facilities for users to bring astronomical profits.
This platform has officially started its activity since 2018 and became world famous in 2019. The Bitsgap robot has a demo version that allows users to buy and sell digital currency with their own money without risk. You can use this platform for free for 14 days and after this period you have to create an account. All trading strategies in this robot are supported by back testing analytical tools and have the lowest risk for users.
Bitgap is currently integrated with 30 reputable exchanges such as Bitfinex, Kraken and Binance. Traders have access to more than 10,000 currency pairs to trade and several technical indicators to determine strategy. It also offers an optimized user interface for both beginners and professional traders.
Features of Bitsgap bot
Among the prominent features of this robot are:
- The dependence of all transactions on the amount of capital in the user's account
- Conducting arbitrage transactions using cryptocurrencies and fiat currency
- Earning profits through digital currency arbitrage
- Support for most popular cryptocurrencies
- Having artificial intelligence and performing processes automatically
- The possibility of charging the account with cryptocurrencies
- Protecting users' assets with the help of smart API
Is the Bitsgap bot safe?
More than 500,000 users of this platform think that this bot is safe and you can also see the positive opinions of users of the Bitsgap bot on social networks Trustpilot, Google Reviews and Reddit. Like other automated bots, Bitsgap is illegal. This platform does not hold your digital assets, instead it communicates with your desired exchange through an "API" and sends trade orders to the exchange.
This bot uses hardware security keys (2FIDO) as a "2FA" method to secure user accounts and funds. Connects to a user account on a supported exchange using a unique API key. Also, user information is encrypted with standard 2048-bit protocols and stored in a secure network that is protected by a firewall.
How does Bitgap trade robot work?
Like all cryptocurrency trading robots, this robot must first be connected to an exchange. Training the Bitsgap bot is very simple and to do this you need an API key on the exchange. Bitsgap can connect to multiple exchanges with different accounts and perform multiple transactions simultaneously. These processes are done automatically and by the robot and no person has access to it.
Once connected, you can categorize the bots you want to use with specific information such as buy price, sell price, and other details, then the bot will automatically execute trades using these rules. For example, in order to buy and sell Ripple, you only need to specify the relevant settings such as profit and loss limits and leave the rest to the robot.
Bitsgap bot training
To start working with the Bitsgap robot, you must first create an account on the bitsgap.com website. You can complete your registration by using your email and in the "Sign up" section. You can also choose your email by clicking on "Google" to create your account on this platform. After doing this, you can use this robot for free for 14 days.
After our registration is successful, you will be taken to a new page where you will see cryptocurrency charts. By choosing each one, your menu will be different in this exchange. In this step, click on "DCA BOT" which is used to increase and decrease the price of digital currencies.
Then click on "Add API key" and enter "Secret Key" and "API Key" on the new page and select the exchange where you have an account in the first part.
Log in to the exchange where you have an account and click on "Futures" from the assets section. Then log in to your account and click on "API Management" option and then on "Create API" option. At the end, you will be shown two codes that you must enter in the Bitsgap robot.
After entering the required information, this bot will connect to your exchange and display your digital assets. Using the robots of this platform, you can experience digital currency transactions with astronomical profits. Be careful that you cannot transfer any digital currency until your trade period is over.
Trading strategies in the Bitsgap robot
There are various trading strategies in this robot that you can use.
- Grid: You can use this robot to split your trades in the grid to profit from every price movement of digital currency. This is done with buy and sell limit orders in predefined price ranges.
- DCA: This robot allows you to buy a cryptocurrency at different levels and at fixed time intervals and sell it when the price drops.
- Futures: This robot is used for futures trading. They use borrowed funds from the exchange for fees. Although this strategy comes with risks, it also has the potential for higher rewards.
Who can use the Bitsgap trading robot?
Bitsgap is a trading bot that is suitable for any level of traders, but it is better to know that it is not looking for experienced and professional traders. It has a very user-friendly design, the charts as well as the dashboard of this platform are designed very simply and do not have any particular complexity. Building a bot on this platform doesn't require much knowledge and no coding is required at all. Anyone with any level of crypto knowledge can build their own trading bot.
Currently, cryptocurrency trading has become the most important way of investing and there are many demands for services from a technical point of view. If you are also looking for a combination of advanced trading tools, technical indicators and easy and high profit trading, I suggest you to use the Bitsgap robot. This robot is a secure and fully encrypted trading platform and you can leave your trading to it.
It is better to know that all trading robots are just a little assistant and they can never analyze and make decisions in different situations like a professional and experienced trader. Therefore, you should not trust them 100% and give them all your capital. If you plan to use the Bitsgap trading robot, first allocate a small part of your capital to this robot.