Bitsgap.com
Read 12 Reviews of Bitsgap.com to check if it is legit.
Website & Phone:
⇗ http://bitsgap.com
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I have long been looking for a high-quality and reliable platform for passive earnings on cryptocurrencies. I chose this company and did not regret my choice. There are a lot of functions that help me in my work. I really liked the user-friendly interface. And the most important thing is that I can work on my computer and phone. SBot works perfectly and helps me to earn stably on any market. Love it!
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Then "BTCarbitrage.live!" suggested. I started earning more.
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This scammers make bots dissapear, like it has happen to me, in my face, and after lossing hundreads of euros, they tell you they will grant you a free month… A FACKING SCAM
I OPEN A BOT IN MARCH I THINK, WHICH I AM PAYING TO KEEP OPEN AFTER IT LOS 71% OF VALUE, AND THEY CLOSE IT IN MAY. IN JUNE I AM SPEAKING WITH CUSTOMER SUPPORT AND THEY SAY I HAVE TO PAY TJE BASIC PLAN TO KEEP THE BOT OPEN, WHEN THOSE FAKING SCAMMERS HAVE ALREADY CLOSE THE BOT, AND TODAY I FIND OUT THEY HAD ALREADY CLOSE THE BOT WITHOUT ANY TYPE OF COMUNICATION
STAY AWAY FROM THIS M FAKERS… THEY ARE A BUNCH OF CUNS….
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Minuses: VERY BUGY, you have too triple check how the orders are placed and cancelled. Bots do not respect grid spacing which results in poor bot performance and money loss. Upper and lower limits for grid settings are also ignored. Trailing up is almost useless – to slow. Customer support is a black hole when it comes down to the question that is not in faq's. Sent multiple screenshots and examples on bugs mentioned above – no response. In their webinars they claim AI – it's not AI just poorly coded grid strategy. Back test results is a trap – those numbers never work out – if you will start bot with what is in the top 5 suggestions you will loose money 100% – you probably will make it back in a few months but 3 days week month = LOSS. NO CHANGE CONTROL – changes implemented with out any notices on the web site and what is being changed. Don't buy the pro version only because of Arbitrage – first of all it is not automatic, second is very questionable if you will make money due to speed of execution (which is slow) and accuracy of placed orders that I mentioned above. But if you want to get an idea what is quantum trading all about it is a good starting point just run a free version of it and don't put a lot of money into exchange pair that you will be running bot on. Its a good toy but total JUNK from professional stand point.
Edited – to bitsgap response. So when you plan your bots keep in mind that gap around priceline, that I mentioned above, is around 9 times as big as your grid spacing (no deal zone that has to cover for trade fees – how bitsgap explained it)- lets not get into why is it so big and so on but it will have certain outcomes. 1 bot is useless on stabiles against busd on Binance with low profit % and small price movement but no fees. 2.- when it gets close to upper/lower limits it will be trading only in one direction: upper limit – lower gap range = only buy orders & lower limit + upper gap range = only in sell orders. Makes your grid limits kinda worthless, doesn't it? But it might be ok on the lower side if the price continues to decline and you were not buying but selling but in all other cases it is not ok. Another thing is bots profits & back test results – both are confusing and not indicative of what actually did the bot make. Lets say TRX went up from point a to point b in x hours resulting in increase in portfolio value X amount of USD, meanwhile bot traded TRX 10 times making X amount of quote currency BTC. What is a true bot income? And to complicate all that even more lets say BTC went down by 2%. Now what did the bot actually make? Try to measure it against the market that will be the true profit. Keep all that in mind especially when you are presented with potential income % based on back test results especially against non stables because simply BTC could of dropped by 5% resulting in Base currency gains. All that makes that back test tool pretty much worthless but it is a good idea to keep an eye on it and make notes of pairs that are being presented – they are the ones you want to play but not when they are shown at the top. Also, bot entry point is a joke – I strongly believe that it is miscalculated or there is a flow in the logic or both – it will sell at the market price to enter just to buy the same amount again at the higher price. Sometimes it will get stuck at the entry point and do 5 buys and sells at the market price so it can start. If that happens more then 2 times just cancel it adjust the grid a little bit and try again. And of course no entry point options at all – like condition when to enter or manual buy of the currency, etc. Again keep in mind the gap because if you are entering with any of the limits close to the price line it will affect your starting point. Don't forget to refresh the page after the bot starts – that will show how it started vs planned. Also check a grid spacing in details after start – I had numerous times when the bot started with different numbers of grids resulting in negative trades due to trading fees. Also trailing up is pretty slow and what ever explanation that bits gap gave doesn't make sense at all- because all that can simply happen at the bots entry point. But if you add to it gap that I talked about earlier then by the time bot will trail up you pretty much missed all the action. Oh yeah, one more thing, they really hate bad trustpilot reviews – they will ask you to change it and if you don't they will cancel your subscription, but on the bright side, they will refund your money…
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Then I did a little more digging and found that there are really 2 exchanges that you have to sign up to in order to make arbitrage work: Exmo, and Okex. Both of those exchanges are abysmal if you look at all the reviews. Exmo has almost no real cashout option for fiat. Okex is just literally stealing people's money. Trustpilot has a page on Okex you can check (links aren't allowed in reviews).
Basically, I think Okex + Exmo have teamed up to create Bitsgap in order to make themselves look legit and steal more money.
Stay far away from Bitsgap.
Also, this has made me realize how many review sites don't really do any digging at all. Search bitsgap reviews and you'll find a bunch of professional reviews done on it, but nobody mentions what I'm talking about.
UPDATE: Bitsgap replied saying I don't know what I"m talking about. They are lying. I did not sign up with Exmo nor Okex, so the exchanges that I signed up with have nothing to do with the arbitrage opportunities shown on Bitsgap. Look for yourself. Go to their arbitrage page after you sign up and it will show you there are basically no opportunities unless you are signed up to Exmo or Okex. Maybe this is all just a big coincidence that you have to be signed up to scam sites to use Bitsgap's most touted feature. If so, then they are the most incompetent team of engineers I've ever heard of. But I doubt it.
Oh, and Bitsgap contacted me directly on here as well and sent me a screenshot to prove they are not just requiring Okex and Exmo. Wow! So there IS another option: LiveCoin. Oh wait. LiveCoin is also a scam.. haha! Check Trustpilot, again…
Basically every scam exchange has teamed up to create Bitsgap.
Is Bitsgap.com legit or scam? Can I trust Bitsgap.com?
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