Bitsgap Verified User Reviews
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Probability You Would Recommend?1 2 3 4 5 6 7 8 9 10
"No proof of profit " Posted 2021-07-03
Pros: Multiple exchanges, excellent for day trading. Vibrant display. See balances on all your products. Arbitrage.
Cons: Not clear on grid steps or min amount required for profiting.
Overall: Guys. This is going to be the most clear review ever. Google and see if you can find anyone anywhere that can explain the grid configuration needed to make a profit. You won't. I have actually asked on multiple social media platforms and bitsgap.com. no answer.
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I have set up bots as low as 400 and high as 5k. Using Binance it seems the .40-.49 grid is most profitable in backtesting but when you run the bot believe me you won't make a dime.
Yes you will see profits but on your exchange you will be exactly where you started or a few dollars lower.
The problem is the exchange fees. This bot can do 30-100 trades in an hour. I have yet to see a setting that made it work best.
Sometimes the bot misses selling a coin when you have a stop loss. This happened several times.
Sometimes the bot get hung up and buys and sells over and over to start the bot.
Even if you in a coin that is doing great the bot can go out of range EVEN IF YOU HAVE TRAILING UP ENABLED. END RESULT you did not capture any money until it comes back down.
I will be honest. I do not think this bot makes money. -
Probability You Would Recommend?1 2 3 4 5 6 7 8 9 10
"At your own risk" Posted 2021-05-02
Pros: I had a horrible experience dealing with this so-called company.
Their system is filled with bugs. I had over 20- issues where the robots will fall out of their range and fail to cancel the orders. In other instances, I simply couldn't start the robot due to what they said was "high velocity". I lost a substantial amount of money where these robots will try to buy and sell the original amount in order to start the robot.
I reported these issues to their support and they sounded very friendly until I decided to cancel and requested a refund. At this stage, they started stoving the time by referencing other departments in their huge organization. Later they decided that they are not aware of the issues that I had and requested that I send them a detailed description of what went wrong. Naturally, I said that I wouldn't be wasting my time and if I am forced to do so I will make sure to warn other users against this scam.Cons: Plenty. Filled with bugs. Shady business model. Useless support.
Overall: Avoid or use at your own risk.
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There are plenty of free built-in exchange bots so I would stick to these!