Bitsgap vs Botsfolio: Which One Is The Bot For You?

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An automated program (as a bot is known) means a software application that has a specific algorithm for action. It is based on the latest market situations. While the first trading robots appeared back in 2012, since then they have become more and more sophisticated. But it’s not that hard to figure them out.

If we do a review of Bitsgap vs Botsfolio on what makes these trading bots a great forex trading platform, it will be another reason to trade the stock market. 

The two platforms present robust teams, clear earnings models, advanced features, and similarly honed products.  You should definitely try at least 1 of the low ones. 

However, which one should you choose if you’re starting to trade cryptocurrency? 

But unskilled handling, as a rule, leads to the opposite result. The program can not adjust its actions by itself, requires constant human intervention and control over the work of the bot.

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Supported Exchanges: Bitsgap vs Bostfolio

A large number of crypto exchanges support Bitsgap, almost 25+ numerous exchanges, more than any other trading bots.

Bitsgap is a cloud-based trading platform. Binance, Bitfinex, Kraken, OKEX, Bittrex, Kucoin, DDEX, IDEX, GEMINI, ZB.com, CoinEx and several others are the names of supported exchanges provided by Bitsgap.

According to botsfolio comparison supports two exchanges, namely Binance and Coinbase. Support for Binance US will be added in the near future.

Cryptocurrencies Comparison

It is a popular Bitsgap app in today’s crypto trading universe. And it was launched in the year 2018 as an algorithm-based, one-stop all-in-one shopping platform. Aside from the trading bot, users can also use Bitsgap’s exclusive dashboard, through which they can simultaneously trade on approximately 30 cryptocurrency exchanges while accessing more than 10,000 tradable pairs.

Botsfolio helps you trade with zero trading experience or coding skills. It is a highly secure trading bot that can generate and effectively manage your crypto portfolio. 

Botsfolio is designed to help you make reasonable profits regardless of market direction. Its ability to pinpoint trading opportunities is top notch. It also gives you 100% control over your digital currencies.  

Trading Tools

Bots are ideal for busy professionals who don’t have time to closely monitor their trades. But beginners and traders who have yet to learn emotional and mental control will benefit greatly from working with these platforms. What tools are offered by the two bot options?

Bitsgap 

Like many similar solutions, Bitsgap focuses on providing a simple interface through which traders can use their bot. They can use numerous trading strategies across multiple timeframes, including a special arbitrage service that checks for price differences for certain trading pairs. 

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Having a different dashboard helps with arbitrage capabilities, as the user can manually buy a token on one stock exchange and instantly sell it on another exchange at a higher rate.

Botsfolio

Botsfolio’s futures trading allows the bot to generate more money, and it never trades your money until it discovers a good trading opening. Standout performance of this bot has drawn a large number of visitors to the site. While some trades made losses, the bot was able to make profits on most deals.

Platforms Features

Bitsgap Features 

  • Profit 24/7. 

Bitsgap is a cloud-based platform that allows your automated bots to run continuously 24/7, even when you’re offline. Traders can take profit orders using the Trailing Take Profit (TTP) feature available on Bitsgap. However, this feature is only available for spot trading.

  • Smart Trading.

The advantage of the Bitsgap Smart orders Trading terminal is that it offers the user many tools to earn more and more base currency and reduce trading risk. You’ll find this Smart Trading option in the platform section in the upper right corner of the site. The Smart Trading option offers the following tools:-.

  • Limit

Traders can set a limit order instead of a market order. Market orders will allow traders to instantly buy or sell cryptocurrencies at an available rate; limit orders are ideal for those who will tolerate a waiting period for a better price.

  • Scaled

Helps ensure that large size trades are not exposed to increasingly deteriorating prices. A scaled order can also be used to get a better average price when entering or exiting a position. Large orders involve multiple warrants at different prices in order to prevent the market from being affected by the placement of one big trade.

Botsfolio Features

  • Productivity

Despite the fact that there are numerous factors that influence the success of such a tool, such as marketplaces, conditions, money deposited, risk rating profile. Etc., the bot nonetheless allows users to generate profits from trading at record rates.

  • Strategies for Cryptocurrency Trading

Drawing on your answers to your specific questions after you sign up, Botsfolio helps you devise a trading strategy. Bot can figure out your investment goal and what risk you desire, which it then uses to create an investment strategy plan for you.

Pricing Plans & Subscription Structure Comparison

Bitsgap vs botsfolio pricing and plans are clear and transparent. With these apps, you don’t have to worry about high prices.  But nevertheless, differences in plans exist. 

Bitsgap Pricing

License prices are relatively cheap. Users can choose between three accounts that offer different trading volumes, bots, tools, etc. 

  • The first package costs $19 a month and offers 2 bots with up to $25,000 in monthly volume without any arbitrage options. 
  • The second package includes 5 bots, monthly trading volume of $100,000 and arbitrage for $44 per month. 

In the end, satisfied customers can pay $100 per month for all features, including unlimited trading and 15 crypto bots. For first-time users, Bitsgap offers a limited 14-day free trial.

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Botsfolio Pricing

There are four pricing plans depending on the value of your portfolio. Annual or monthly payment options are available. Regardless of the payment amount, a 15 percent performance fee is charged on your profits four times a year. Payments can be made in BTC, BCH, ETH or LTC.  

Read more:  Bitsgap vs Botcrypto: Which One Is The Bot For You?

Customer Support

With bots, you can automate your trading to make profits 24/7 in any market conditions. But what about customer support?

Bitsgap

If you have a problem that requires contacting the Bitsgap support center via the in-platform chat option or via e-mail at [email protected].

A team of professionals is ready to help you with any question and they will make sure to do it in the language you are most comfortable with.

If you ever need help, Bitsgap’s world-class customer support team is always just an email away.

Botsfolio

A lot of users across all platforms have left positive feedback about their experience with the cryptocurrency trading bot Botsfolio. As a plus, it’s easy to contact customer support for support or clarifications. 

Bitsgap and Botsfolio

Product Security

Safety first. The best feature is the security feature, with which you can feel safe trading rather than acting blindly. So what do these two bots offer?

Bitsgap Security

Bitsgap is fully dedicated to providing a safe and secure network for cryptocurrency trading. Therefore, it uses high-end encryption to keep the connection between the platform and the connected exchanges secure. It also offers portfolio tracking for greater security of your digital assets.

Botsfolio Security

With Botsfolio, you don’t have to worry about security. That’s because it doesn’t have the ability to withdraw funds from your exchange account. The API system it uses is encrypted and only requests access to make trades on your behalf.

Every gain made in the course of trading is credited to your wallet on the exchange, and can be used as and when you wish.

Strategies and Profitability

Similar to human forex traders, the bots must focus on consistently making profits over a long period of time. When a bot spends all day scalping on a 5-minute timeframe, it’s very unlikely that you’ll stay in profit. 

The goal of brokers and that of the market in general at the end of the day is for you to make huge leveraged orders as much as possible. 

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Bitsgap

Bitsgap trading bot runs on the GRID and DCA algorithm, which allows the trader to determine the range and limits for investments and then allocates those investments proportionally.

Read more:  Bitsgap vs Cryptohopper: Which One Is The Bot For You?

Therefore, every time the system executes a limit order, GRID goes ahead to place another sell order at a price slightly above the market value.

The reverse is true for limit orders, in the sense that each time a previous order is executed, Bitsgap goes ahead to place another limit buy order at a price slightly below market value. The system will continue to execute trades nonstop unless the cryptocurrency prices fall outside the value range set by the trader.

Learn more about GRID trading strategy here.

Botsfolio 

Botsfolio creates a trading strategy based on your answer to the questions you ask. This strategy is based on your attitude toward the duration of the investment, the type of long-term earnings, etc.

There are currently four strategies.

  • Value investing strategy 
  • Hedged trading strategy 
  • Futures Trading 
  • Trend-following trading
Bitsgap vs Botsfolio

Recap: Pros and Cons

Evaluate potential strengths and weaknesses of the service. The parameters available for editing, support for certain technical indicators and market information. Before you start using a robot, calculate how profitable the process will be, taking into account the program’s fees. 

Bitsgap

AdvantagesDisadvantages
A platform that is easy to use;
A backtesting strategy is available. Demo trading allows people to try out the platform in advance;
A long list of leading exchanges is supported. Even the cheapest plan allows users to install more than one bot. 
No copytrading;
It’s not the cheapest choice.  

Botsfolio 

AdvantagesDisadvantages
Requires zero knowledge to get started;
Risk Management IntelligenceYou’re in control of your investments.
Works only on Binance, okx.com and Coinbase Pro platforms.

Conclusion

After completing this guide, you now have a better understanding of the difference between Bitsgap and botsfolio and how they work. Moreover, you’ve also learned exactly what makes a trading bot useful and how they can save you time and improve your trading efficiency.  

By learning more about these two bots, you’ll have a better understanding of what these professional trading tools offer, how much they cost, and how you can improve your trading.

We encourage you to do your own research and look for a solution for yourself so that you can finally use technology in this ever-growing cryptocurrency sector and become a successful trader. 

Remember, trading bots aren’t just for making steady profits, they’re also designed to save time. So download the new platform today, choose your settings, sit back and enjoy while the algorithm trades for you!

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