You may actively trade digital currencies with automated trading, but you won’t have to keep an eye on your computer all the time. You may use automated trading to purchase and sell your cryptocurrency at predetermined intervals.
Individuals’ faith in the traditional financial system is eroding as more and more people use digital currencies as a way to protect themselves against inflation or to make money off of them. Many members of underrepresented groups are apparently putting their money into crypto assets as a way to counteract financial inequality.
As a result, new technologies are emerging and will speed up the adoption of cryptocurrencies throughout the globe. Cryptocurrency trading has taken a new direction thanks to automated trading, which is aided by trading bots or algorithms. There are a number of other ways in which they use crypto assets. Cryptocurrency trading, on the other hand, used to be a one-on-one exchange or a transaction between two people. Until the advent of computerized trading. As one of the most well-known automatic cryptocurrency trading platforms, Bitsgap offers its users the opportunity to benefit from a unique AI trading experience.
How Does Bitsgap Work?
Automated crypto trading removes the requirement for traders to be physically present and instead uses a robot with preprogrammed instructions to purchase and sell cryptocurrency. In a matter of seconds, a trader may purchase and sell cryptocurrency. Many new online platforms have sprung up with the express purpose of providing the general public with automated crypto trading services.
Bitsgap was founded in 2017 with an innovative platform that unites many crypto-based services in one location. Bitsgap’s automated trading service is its selling point and a big attraction for investors throughout the world, offering a broad variety of services such as crypto portfolio management, automated trading, demo trading, and signals from crypto exchanges. In addition to Binance, Kraken, and Coinbase, Bitsgap trading technology is supported by more than 25 crypto exchanges. User accounts may be linked from any one of these trading platforms. Users may access their portfolios and utilize Bitsgap’s trading bots after they have made an API key connection.
TradingView charts, risk management, and order types such as stop limit, market, and shadow orders make Bitsgap a one-stop-shop platform. Users benefit from the platform’s unique features, which are bundled together for their convenience. Basically, Bitsgap’s trading bots enable traders and investors to optimize their profits on investments.
Robots are known for their efficiency because of their ability to spot and exploit any lucrative market trend, no matter how little. The earnings from the hundreds of microtransactions that bots may execute per second when measured individually may look insignificant most of the time. As little as 1% of the time, a trader may profit on a quick favorable movement in the market. On the other hand, it is possible to arrive at a specific number by making an estimate of the profits earned overall deals.
What Makes Bitsgap Special?
By using Bitsgap trading bots, investors may save up time that would otherwise be devoted to keeping an eye on market charts in search of the next big trading chance. There are several resources needed to be an effective trader, including both physical and mental devotion. Robots are responsible for all the heavy lifting when it comes to making and selling trades as well as determining the market’s direction. Bitsgap’s automatic crypto trading feature is not only a time-saver, but it is also dispassionate, extremely consistent, frequent with returns, and safeguards traders’ capital from needless losses.
One of Bitsgap’s advantages is that it’s hosted on the cloud. A trader’s open positions will not be impacted if he/she logs out of the account, or if the internet is turned off.
The grid technique at the core of the trading bot’s code has its roots in the Forex marketplace. The trader’s price range is broken down into a series of levels, which together create an order grid. By allocating all orders above and below the current price of an asset, such as Bitcoin, a trader may use this method manually as well.
As a result, Bitsgap’s trading bots are well-equipped to deal with the complexities. Here, the trading bots set a matching sell order for each purchase order that is made. Limit orders are set below the current market price of BTC, whereas sell orders are established in advance and placed above the market price.
Bitsgap’s trading bots follow the strategies set by a trader, who pick numerous trading techniques and strategies based on their own tastes. It is important for investors to be cautious when selecting a trading bot since each one has its own unique advantages and disadvantages. Check out how Bitsgap trading tools work in more detail.
There are three subscription-based Bitsgap services: Basic, Advanced, and Professional. The cost and advantages of each category change, as do the trading restrictions and the number of bots available. Bitsgap charges $44 per month for Advanced subscriptions and $110 per month for Pro subscriptions, with the basic category costing $19 per month. Demo accounts allow traders to evaluate the performance of all automated trading tools.
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