Bitsgap Update 2.0 in the Action! New Orders and Much More
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Bitsgap is a cryptocurrency trading platform that caters to all trading needs of its users. The platform has a multifunctional interface that allows you to track portfolio coins, control various trading markets, execute trades in a few clicks and set smart orders. Bitsgap links its users to several crypto exchanges. With this single application, one can perform a variety of functions such as charting, portfolio management and trading that these various exchanges provide. Being one of the pioneers in arbitrary trading, Bitgap enables one to execute all their exchange in one interface. The forum was launched in February 2018, and since then, it has been offering its users a reliable connection in one location with top 30 trading exchanges. The website is accessible, reliable and acts as the new gauge for cryptocurrency trading platforms including thousands of crypto-trading platforms, devices and even robots. So let's have a look at Bitsgap as of today.
So how does Bitsgap Work?
Bitsgap's main goal is to provide a secure, simple and glamorous way for its consumers to access a range of crypto exchanges. It makes trading simpler in that you need to log into your Bitsgap dashboard instead of logging into every crypto exchange to trade a specific crypto pair. You can also monitor your acquisitions, loss/profit over time, and investments through your Bitsgap portfolio. The platform highlights incentives for arbitrage. Bitsgap gives its users access to more than 20, 000 trading opportunities every second, with an advantage of the price difference between two of the 15 cryptocurrencies listed by Bitsgap.
Bitsgap has developed and upgraded their system with a range of complex trading tools such as a portfolio service that can track the performance of an entire portfolio through a simple graph, provides information on live order, track profit and loss through the entire traders' positions, and can as well follow several open positions on different exchanges. Traders also can monitor the output of their resources over customizable.
Spot and Future trading
The current updates included an introduction of Futures trading which provides a dashboard for the futures trading. While setting up take profit, loss and stop, users can now easily do so without having to open a Binance terminal in the second tab. The platform now allows users to seamless navigate between Futures and Spot trading with just one click.
A new trading dashboard was released after long research that has an “Orders Book” on the left side, to monitor and analyze demand and supply of the cryptocurrency. In the image shown below, there is a feature at the very bottom known as the Bulls and Bear ratio that illustrates the recent trades conducted at the market. This feature helps users and portfolio managers to analyze the current selling and buying pressure in the market as it provides them with the selling and buying volume for the last 1, 5, 15 and 30 minutes.
On the right side of the terminal, there is a mobile and straightforward panel that allows users to create market, limit and stop-limit orders. The most conspicuous is the “Shadow order”.
As you create your order limits, you should be able to set multiple take profit target prices. The system has been designed to automatically calculate for you the profits immediately after you have defined the target price, for instance, the system will automatically calculate the price at which the order must be executed if you set the profit target as 5 %. The returns are projected at $186 in the example shown below.
"Shadow Orders" and "TWAP Orders"
Shadow markets are those that a simple transaction may take place between two willing and able individuals without the burden of standard methods. Therefore shadow orders may be described as that which allows traders to trade with orders that are not recorded in the books. TWAP on the other hand is a well calculated strategy to help users proportionally sell or buy a given cryptocurrency.
Automated trading: Statistics and analytics
Bitsgap has an A-class full transparent and automated algorithm known as GRID. It gives traders and portfolio managers an option of 2 strategies to use depending on the risk conditions, financials tolerance and market conditions. The bot is trading within a defined trading range, and sets buy and sell limit orders. Bots have some unique in-built security mechanisms apart from Stop-Loss, Trailing and Take profit instruments. As per the current update, there are five bot's activity statuses that were added in line with the recent market activity and other significant factors.
With these automated features, traders can easily earn profits by concurrently from various platforms using strategies such as tracking open positions, monitoring price movement, smart trades, portfolio management etc. Some of the major features include:
- A 2 Factor Authentication security that is impenetrable
- Users get an instant notification of any abnormality about the market.
- Compatible with both phones and computers
- Beginners can take advantage of the demo mode instead of risking their valuables.
- Lots of educational webcasts
- Orders can be easily and quickly managed from on-chart management.
- User friendly and reliable customer support services