There have been many exciting developments in the cryptocurrency world since it’s invented over a decade ago. The idea of cryptocurrency started because there is a need for an effective, decentralized, peer-to-peer network for digital currency without a central bank’s control. That idea has branched off to a few different movements within the cryptocurrency sphere. One of the headliners is crypto lending. It is an emerging niche that made its first appearance only a few years ago. By leveraging the blockchain technology, crypto lending offers a range of financial services that rival the traditional finance sector.
Many crypto lending platforms offer alternative solutions to individual investors who want to grow their crypto assets’ productivity. This is where a platform like Hodlnaut comes into the play. For quite some time, most people would hodl their crypto with the expectation that the value will be appreciating in the future. Hodlnaut offers an alternative solution to hodlers where they can generate interest while hodling, thus resulting in the growth of their crypto assets.
Hodlnaut is a Singapore-based startup offering financial services to individual investors where they earn interest from their cryptocurrencies by lending to institutions in the form of crypto loans. Users can deposit their crypto assets into an interest account and earn favorable interest rates. The platforms currently support three major cryptocurrencies: Bitcoin (BTC), Tether (USDT), and USD Coin (USDC). The offered annual compounding interest rates are 6.2% for BTC and 8.3% for USDT and USDC. Hodlnaut is also planning to support more digital assets on its platform in the near future.
Designed for individual investors to help them get the most out of their crypto assets, there is no minimum deposits or lockdown periods to hodl with Hodlnaut. All users automatically earn the best interest rate, depending on the market demand and previous month earnings. The platform has a straightforward signup process through its user-friendly interface that takes minutes to complete.
It’s good to note that Hodlnaut requires all of its users to complete a mandatory Know-Your-Customer (KYC) verification process. This is a response to the recently introduced Payment Services Act (Jan 28, 2020) enacted by the Monetary Authority of Singapore. Hodlnaut meets all the Digital Payment Token License requirements and has declared the intention to apply for the license. The company has submitted all the required paperwork and is currently in the reviewing process.
Juntao Zhu (third from the left) and Simon Lee (second from the right)
Hodlnaut is a brainchild of two self-proclaimed bitcoin maximalists and entrepreneurs Juntao Zhu and Simon Lee. Founded in April 2019, Hodlnaut is part of Antler’s portfolio company, a global VC firm backing the early-stage startups. Besides, the project is also backed by some of Asia’s leading institutions, such as Sparrow, Singapore Management University, and BitGo.
As for credentials, Hodlnaut is Certified Fintech by the Singapore Fintech Association (a recognized credential by the MAS) and a recognized Blockchain company by the Infocomm Media Development Authority (IMDA) of Singapore. With a mission to help hodlers earn attractive interest on their crypto assets easily. Hodlnaut is gaining momentum since its inception last year, with over 750 BTC currently under custody from more than 550 individual investors. Gradually earning popularity among crypto enthusiasts and hodlers, Hodlnaut is set to become a trustworthy platform in the crypto community that offers attractive interest rates, no-nonsense security features, and dedicated support.
Leveraged assets allow traders to benefit from crypto volatility without the high risks associated with margin trading. Waves.Exchange is the latest among major exchanges to implement leveraged tokens – and the first to do it using smart contracts.
Leveraged assets: a low-risk alternative to margin trading
The traditional way to gain leveraged exposure to crypto assets is to borrow funds from an exchange. In case of a successful deal, the trader can multiply their gains. But if the market goes against them, the lender may force a liquidation of the open positions.
Leveraged assets offer a way to achieve the same objective with less risk. Their price follows the volatility of the underlying asset. For instance, a 3x leveraged token can yield 3% in profits if the underlying asset appreciates by 1%.
New decentralized offerings by Waves.Exchange: BTCUP and BTCDOWN
BTCUP – a ‘bull’ asset that appreciates when the price of BTC increases;
BTCDOWN – a ‘bear’ token whose price goes up when that of BTC decreases.
The target leverage level for both assets fluctuates between 1.5x and 3x in order to minimize potential losses and increase gains. The leverage level is rebalanced whenever the price of BTC changes.
Both leveraged assets are traded for USDN (Neutrino USD) – a decentralized stablecoin pegged to the dollar. USDN is in itself an attractive investment asset, since it yields 12-15% a year through staking.
One of the key strengths of BTCUP and BTCDOWN is that they can’t be liquidated: the exchange cannot issue a margin call, no matter how much the price changes. The leverage tokens work just like any other crypto asset: they can be held indefinitely or sold as needed.
Key differences from leveraged tokens on other exchanges: transparency and use of smart contracts
There is a major difference between the leveraged tokens on Waves.Exchange and similar assets on other platforms. BTCUP and BTCDOWN run on a smart contract and are backed by a verifiable collateral in USDN. Any user can review the state of the contract and collateral in Waves Explorer. Other exchanges, such as Binance and Poloniex, can’t offer such a level of transparency.
Another important advantage is that the target leverage formula is publicly available and the current leverage level is clearly displayed. By contrast, Binance uses a strictly confidential algorithm and never displays the real leverage figure.
Very importantly, holders can redeem BTCUP and BTCDOWN for USDN at any moment through the smart contract by paying a 1% blockchain fee. This means that a trader can readily convert their leveraged tokens into stablecoins, independent of the liquidity in the open market.
A better way to gain leveraged BTC exposure
BTCUP and BTCDOWN are an easy way to maximize one’s gains in the Bitcoin market without the risk of getting a margin call. Thanks to the instant redeem feature, traders can seamlessly shift between trading leveraged assets when the market is trending and staking USDN during periods of consolidation.
The fully transparent and decentralized character of BTCUP and BTCDOWN distinguishes them from the tokens offered by other exchanges and represents a serious step forward in the development of leveraged assets. Detailed information is available on Waves.Exchange.
SiGMA Group has announced the postponement of its tech and gaming focussed Europe summit, which was planned to be held in Malta on 18-19 November 2020. The 4th edition of AIBC Summit will now open its doors early next year in February, running from the 17-18th, making it the first event to headline the 2021 tech and gaming calendar.
Several shows on it became evident that opportunities, particularly in investment and development were emerging as a result of cross pollination between the gaming and emerging tech sectors. As such, the company has decided to merge these two main brands under one roof, bringing AIBC into the SiGMA family with the launch of one super show in February 2021.
AIBC Europe will also embrace key brands and individuals from the converging sectors of AI, blockchain, IoT, Quantum Tech, and other emerging technologies to discuss and shape the future.
“I look forward to the new dates and I look forward to welcoming you all with arms wide open.” SiGMA founder, Eman Pulis.
The decision, which was taken following recent, unforeseen developments of the global health crisis, COVID-19, is in line with advice from Malta’s health authorities and aims to ensure the safety and well being of AIBC attendees.
SiGMA Group Founder, Eman Pulis said,
“AIBC 2020 was due to take place this Nov, the show was sold out and we were extremely excited for this edition to take place. However COVID-19 had other plans and therefore we have decided to postpone the show for another 3 months. I must send my gratitude to all the exhibitors who agreed to move their participation at the event with us. I look forward to the new dates and I look forward to welcoming you all with arms wide open.”
WATCH: SiGMA Group founder, Eman Pulis on postponing SiGMA Europe 2020
SiGMA Group’s priority is the health and welfare of its guests, speakers, exhibitors, and employees. As such, they have taken the decision to move the event to 2021 – in line with upcoming inaugural events launching across Asia and the Americas.
SiGMA’s much anticipated digital excursion into the emerging LatAm markets will still go ahead this September, running from 22-24 September, in addition to summits later in October exploring the growing Med Tech and Med Cann industries.
AIBC Europe (February), which will now occur alongside AIBC Asia (May 2021), AIBC Americas (September 2021), and SiGMA Europe in November 2021, will open its doors to the industry in Ta’ Qali, with the original venue, the MFCC, still confirmed. Thanks to regulatory bodies, such as the MGA and the MDIA, Malta is Europe’s premier location for tech and iGaming, maintaining its reputation as an iGaming hub and offering undisputed benefits to gaming companies looking to establish a base in this forward-thinking jurisdiction.
Combining an expo floor for world-class exhibitors, a start-up village for new businesses, and a hugely popular conferences and workshops agenda, the summit offers a platform to the tech industry as it shapes the future of the sector.
Should you have any queries about the event, kindly reach-out to Sophie Crouzet.
Zurich – September 10th, 2020: Since it was founded in 2017, Web3 Foundation has firmly believed in an internet where individuals own their own data, not corporations. With this goal in mind, the Zug-based foundation has nurtured cutting-edge applications for decentralized web software protocols using modern cryptographic methods.
To support the research and the foundation’s mission, Swisscom Blockchain AG has received a grant from Web3 Foundation during their fifth wave to develop a Kubernetes Operator for sentry nodes and validators for both Kusama and Polkadot.
This initiative, and the technology behind it, will contribute to both networks’ robustness, making Polkadot and Kusama less prone to attacks on individuals and, in turn, increasing their trustworthiness.
Running nodes on Proof-of-Stake networks can be challenging and a hard task to accomplish. The process becomes even more complicated when the risk of slashing is introduced. Slashing happens when a validator misbehaves: it can occur for instance when the validator goes offline, when the network is attacked or if the software is modified without common approval. The consequences of slashing have a direct impact on validators and nominators as they will lose all their staked tokens. A strong and experienced IT team along with DevOps modern tools are both required to reach high availability and prevent such problems from happening.
Polkadot Kubernetes Operator by Swisscom Blockchain is a set of tools created to seamlessly deploy and monitor validators for high availability. The Operator smooths the process for anyone willing to set up their own sophisticated Polkadot validator including a highly secured network of sentry nodes.
Swisscom Blockchain AG provides solutions allowing companies to interact easily with public Blockchain networks. Polkadot has been identified as a key technology to further enrich the crypto infrastructure services offered to our customers.
Dieter Fishbein, Head of Ecosystem Development at Web3 Foundation, says:
“Providing Kusama and Polkadot with a Kubernetes Operator contributes to a more robust network, helping validators ensure high availability in their operations, and reducing the chances of validators getting slashed for unresponsiveness. We look forward to working with Swisscom Blockchain on their contributions to both the Polkadot and Kusama networks.”
Swisscom Blockchain AG – Müllerstrasse 16, CH-8004 Zurich – blockchain@swisscom.com
Jorge Alvarado Flores, Head of Technology at Swisscom Blockchain, says:
“It was a great experience to work with the Web3 Foundation on the realization of this project. We’ve come to realize how important it is to combine efforts between the enterprise and the open-source world, in order to increase the adoption of blockchain technologies to solve real-world problems. Looking ahead we are hopeful that our contributions to Web3 Foundation on the automated deployment of sentry and validator nodes will be useful for other enterprises to engage in the Polkadot ecosystem.”
Swisscom Blockchain is a Swiss Startup belonging to the #1 telecommunication company in Switzerland. As experts in Blockchain, Swisscom Blockchain is developing innovative products to help its clients to exploit the full potential offered by this technology. The company is offering Node as a Service and Self-Sovereign Identity based solutions.
Web3 Foundation funds research and development teams building the technology stack of the decentralized web. It was established in Zug, Switzerland by Ethereum co-founder and former chief technology officer Dr. Gavin Wood. Polkadot is the Foundation’s flagship project.
<Hong Kong, September 07, 2020> Today Crypto.com introduced the Spanish version of its App and Exchange, marking another milestone for the company on its mission to accelerate the world’s transition to cryptocurrency. As a result, Crypto.com’s services will be accessible to the 500m+ Spanish-speaking community around the world.
The Spanish-language versions of the App and Exchange follow the recent release of French-language versions, as the company continues to grow globally and especially throughout Europe. Known for its deep liquidity, low fees and Crypto Earn program, Crypto.com reached the 3 million user milestone in July. This milestone was reached shortly after rolling out the Crypto.com Card to 31 European markets in April. Since then, the Crypto.com App has reached top 50 in the Finance category in Spain, France, UK, and Italy where its popularity continues to grow thanks to unrivaled benefits: competitive rates, unprecedented cashback rewards when shopping with the Crypto.com card, and the ability to purchase Gift Cards using crypto for top brands throughout Europe. The team has bolstered its regulatory compliance within the complex payments and crypto ecosystem and launched local Telegram communities supporting most EU languages for better access to instant feedback and support.
Mariana Gospodinova, Crypto.com’s Europe GM said: “Shortly after releasing the French-language version of our App and Exchange, we’re excited to be supporting the vibrant Spanish-speaking community as well. This is yet another solid step on our mission to accelerate the world’s transition to cryptocurrency. Expect to see more languages supported in the near future.”
Spanish language versions of both the Crypto.com App and Crypto.com Exchange will be available immediately. Crypto.com will provide community support via its dedicated Spanish-language Telegram channel: https://t.me/Cryptocom_ES
About Crypto.com
Crypto.com was founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. With over 3 million users on its platform today, Crypto.com provides a powerful alternative to traditional financial services, turning its vision of “cryptocurrency in every wallet” into reality, one customer at a time. Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance. Crypto.com is headquartered in Hong Kong with a 500+ strong team. For more information, please visit www.crypto.com.
Blockchainsation is the biggest Blockchain and Cryptocurrency related event in the region. It is 3 days of fun, blockchain and crypto experts, networking, useful knowledge, relaxation, and much more in the heart of Slovenia. It will take place from 14th – 16th of May 2021 in a beautiful city of Laško in Slovenia.
Blockchainsation slogan is: “…more than a conference”, and by the words of Roman Berginc, CEO of All About Crypto who is main organizer of the event, it will be more than a conference.
“On every conference I expect: useful knowledge, new connections, lots of fun and good food. Think about how many conferences did you attend lately that gave you all of that? Well whole event preparation is focused in providing you at least those few. But I’m pretty sure you will get much more.”
In this 3 day event attendees will have a chance to get a detailed view on what exactly is happening in Blockchain and Cryptocurrency world lately.
What is the status of various ICO projects?
Which are the working solutions that came out and people can utilize already?
How the industry has evolved?
Where are we going / what’s next?
Where are we already using blockchain and why?
Is there a use case of implementing blockchain solution in my industry?
…and much, much more.
Event will be happening on multiple stages, so it will be easy to select a theme that is of attendee’s best interest.
Large role in event dynamics will be provided by event partners and exhibitors who will showcase their products and solutions and provide detailed information about it, so everyone will have a chance to get their questions answered directly from the experts.
Blockchainsation will provide plenty of time also to connect with other people and have a chat at our social event or schedule a meeting using match-making tool, which does not only provide information about the person, but also helps you in checking how good your potential cooperation could be using specialized system for performing these checks. Details about it will be explained in one of upcoming interviews.
Besides all that, as stated already on the start, the goal is, that after event, every –ones words will be “Well, this was really more than a conference”.
New York, NY September 1, 2020 – The Blockchain Education Network (BEN) has announced the next iteration of its yearly airdrop, an educational campaign and event where students and blockchain clubs at academic institutions from around the world receive digital assets that introduce them to blockchain technology. The campaign starts on September 1st, and for 28 days students from across the world will be able to sign up for the airdrop. On September 29, the airdrop will be distributed during a global Zoom party hosted by the BEN executive team.
The transition across campuses switching to remote learning has made the airdrop especially important. BEN is an international community that has educated students, professors, and alumni since 2014 about the potential of blockchain technology. Members are provided with discussion forums and meetups, free special access to conferences and hackathons, and over four years of educational content. The network includes blockchain clubs from Rutgers University, MIT, Harvard, Stanford, Berkeley, and University of Michigan all the way to İstanbul Bilgi, IIT Bombay, and Tsinghua University.
“We’re excited to offer the Rutgers Business School Blockchain Hub and Rutgers students another opportunity to learn first hand about the digital asset space. This experience will help prepare them for a future where this technology will be essential in business transactions of all kinds. Proud to be working with BEN to make it happen!”
Chris Buren, Rutgers Business School Blockchain Hub president.
“BEN Turkey is participating in the BEN Global Airdrop which will help students learn about the digital asset space and why it’s needed. We will be giving this airdrop to our 5 existing blockchain clubs at Bahçeşehir, İstanbul, Sabancı, İstanbul Bilgi, and Kocaeli universities. With this opportunity, we also aim to reach new students from universities in Turkey that don’t have blockchain clubs yet.”
Müge Sarıtaş, BEN Turkey marketing coordinator.
“Making blockchain education more accessible to high-schoolers is crucial to prevent falling behind as a diverse range of industries are adopting blockchain. BEN’s latest airdrop aims to engage high-schoolers through a more accessible medium.”
Adit Gupta, BEN student ambassador at Reseda Charter High School in Los Angeles, CA
Every year, BEN coordinates a series of programs and events with the help of partners to educate and empower its 2,350+ students and alumni. The BEN Global Airdrop allows students to engage with blockchain by downloading a digital wallet, setting up an account on specific exchanges and other platforms, and becoming familiar with what it means to exchange value over the internet. This year, students will be given Bitcoin (BTC), provided by GDA Capital, and GAME Credits (GAME) tokens, an ERC20 that represents a new standard in digital assets for the gaming industry. BEN encourages other digital asset projects who want to engage academic institutions to reach out to get involved.
GAME Credits, a blockchain gaming network and one of this year’s main supporters, has allocated $5,000 USD worth of ERC20 tokens for 1,000 students. This will help students understand how their favorite video games could benefit from having internal, blockchain-based currencies.
“BEN has been a leader in blockchain education and empowerment for many years now. GAME Credits also believes in investing in the future and education and working with institutions of higher learning is a large part of our culture. It only makes sense to take part in the BEN Global Airdrop, which helps further the ethos that BEN has established of cultivating the next generation of innovators and entrepreneurs”
Jason Cassidy, CEO of GAME Credits.
The BEN Global Airdrop is an initiative developed in partnership with the GDA Group of Companies, an institution that fosters financial technology, blockchain, digital assets, and other disruptive technology businesses.
About BEN
The Blockchain Education Network (BEN) is a global network of blockchain students, clubs, professors, and alumni founded in 2014. BEN provides accessible blockchain educational resources, free and discounted conference tickets, jobs and internship opportunities, as well as an online and offline community for all its members. BEN has over 2,350 students who have gone through the program across 400 universities in over 96 countries. BEN’s team is spread across the USA, Canada, Italy, Turkey, India, Colombia, Australia, Dubai, Vietnam, and more.
GDA Capital (GDA), the capital markets arm of the GDA Group of Companies, was founded by MLG Blockchain & Secure Digital Markets in 2019 bringing together 50+ years of digital asset focused capital markets, trading and financial technology experience. GDA also has a private equity and GDA ventures division to provide end-to-end solutions to disruptive and cutting-edge blockchain projects. GDA acts as the bridge between institutional capital into disruptive technology markets and has executed over $1 billion in transactions.
GAME Credits (GAME) is the original in-game currency focused on eSports and the NFT (digitable) economy. With the power of blockchain technology, gamers can now have full ownership over all of in-game items allowing to sell them in a secondary market to other gamers or collectors. GAME Credits brings a new level of innovation to the gaming experience by allowing gamers to stake their GAME on their favorite games and be rewarded with GAME Rewards from those they stake on, making it much more than just an in-game currency.
Scammers are services that exist to steal the money of crypto traders using different schemes which depend on the type of service. Unsafe crypto wallets, scam crypto bots, exchanges, ICOs – they are not uncommon nowadays. These fake services are the biggest challenge for the crypto market.
Safetrading appeared more than two years ago. This cryptocurrency platform was created by Andreas Schmidt because of his tragic experience. His biggest belief is that people should learn from the mistakes of others, and he is ready to help beginner-traders to invest safely and get profits.
As we know, the real challenge for newcomers is to find legit services – 70% of newcomers lose their money because of the lack of knowledge or after working with scam services. For example, according to the calculations of Safetrading, 85-90% of crypto signals trading Telegram groups are scammers.
These figures above are not made-up.
Safetrading is unique – it checks cryptocurrency services with the help of artificial intelligence which, based on important parameters, can make a conclusion about the quality of services.
Machine learning helps to analyze the big amount of data and, based on the unique algorithm, create patterns that allow making the final conclusion.
Among the important parameters are mentions of the exchange or bot in different doubtful sources, feedback of users on the Internet, profit, number of services, features, the background of founders, year of establishment, the source of investments, etc.
At the beginning of the activity, the traders behind Safetrading did everything on their own using their special calculation rules, and later, when this platform became a real breakthrough on the market, they decided to connect AI algorithms which carry out the procedure faster and analyze the data which is impossible to be gathered manually.
Many people may think that this type of review can be improbable because programs make mistakes. Safetrading claims that the accuracy of their algorithm is 95% and this is enough to make the final conclusions. The number of negative feedback on crypto service providers decreased by 15 times, and the number of positive ones increased significantly, and these results confirm the quality of the algorithm.
Then, based on the results of this review, human thinking interferes. The team analyses all the results and then check some more features that can’t be checked by AI. After all of the processes of review, the team writes a comprehensive audit about the trader or bot.
Right now this program can review only crypto signals channels and crypto trading bots. Soon the review of exchanges and wallets will be conducted in this manner to help you with finding the best crypto wallet.
Many traders hope that cryptocurrency has great potential in the near future, and all of us need to do all our best to make this future safe and legit.
The idea of cryptocurrency trading platforms has been around for a few years now, but rarely do they offer much flexibility for their users. Recently unveiling a redesigned, next generation platform that lets users connect their account with 30+ top crypto exchanges, Bitsgap offers an alternative crypto trading system that is set to blow the competition out of the water.
With three years in business already under their belt, Bitsgap has a leg up on other automated cryptocurrency trading platforms in terms of experience and know-how. They plan on using this advantage to help take them to the top of the industry, bringing their customers along with them.
What is Bitsgap?
At its core, Bitsgap is an advanced solution for crypto trading and arbitrage that provides its users with a flexible array of options. Bitsgap offers all the functionality of a regular automated crypto trading platform along with special features not shared with others, including access to backtesting data, smart orders, and the use of up to 15 different trading bots simultaneously. It is accessible by all types of devices, has a user-friendly interface and supports connections with most of the industry’s top exchanges.
In addition to conducting arbitrage trades among hundreds of different cryptocurrencies on over 30 different exchanges, Bitsgap allows for several different types of trades to be made, including market orders, limit orders, stop limit orders, and even shadow orders (hidden from the orderbook). Included is a number of support tools, such as portfolio tracking, signals, and bot management, all managed from one dashboard.
Bitsgap also features a demo version of their platform so users can first practice their trading. This is a great way to learn all the ins-and-outs of how the platform operates without having to risk real funds, giving users a chance to develop a sense of familiarity with it.
Bitsgap Security
While the Bitsgap platform itself is professionally designed and built for maximum stability, no deposits of customer trading funds are ever made on to the platform itself, which means it is risk-free as far as funds security is concerned. Instead, customers connect their exchange accounts to Bitsgap using the API keys of the exchanges.
Using an API connection that does not include withdrawal privileges means that Bitsgap will never have access to customer funds held on exchanges, where they remain safely stored. It only allows them to conduct trades on behalf of the user. Additionally, all orders through API are secured by Bitsgap using high-end 2048-bit encryption.
Features of Bitsgap
Below we discuss the main components of Bitsgap which are represented as a series of tabs at the top of the home screen after logging in.
Trading
This is the main trading screen for exchanges connected to Bitsgap by the user via exchange API. It basically allows users to conduct trades on all their exchanges at once instead of having to manually log in to all of them. It features an orderbook, interactive chart screen, list of coin pairings, recent trades, order screen, and open orders, along with the user’s balance on the exchange, open positions, and trade history. The current exchange can be changed by clicking on the name of the exchange found above the chart screen. This will bring up a list of the 30+ exchanges that can currently be connected to Bitsgap.
In addition to the basic market and limit order types, some of the more advanced orders that can be placed through Bitsgap include:
Stop-loss/take profit orders. Using this type of order will make sure that orders are executed upon reaching a certain price limit. These orders are used to minimize losses or maximize gains.
Shadow orders. This allows users to place orders that are not reflected in the exchange order book. The order still exists per instructions sent via API connection but cannot be seen by other traders.
Smart orders. This is an advanced order which sets a simultaneous combination of stop-loss and take profit orders, available to those with upgraded plans only.
Bots
This is where Bitsgap’s selection of trading bots can be found. Once a platform user has a coin balance on an exchange and has successfully connected that exchange’s API to their Bitsgap account, they can activate the bot of their choice to start making automated trades for them. To the right of the coin pairing chart are different options for selecting the bot, exchange, coin pair, configuration options, and maximum amount to be traded by that bot.
Below that is a list of the most successful trading strategies for the particular bot selected based on backtest data, which is a simulation of how the bot would have performed when trading different coin pairings offered by the selected exchange. The backtest result can be displayed according to returns delivered in the last month, week, or 3 days. Bots can be started with just a few clicks and profits tracked in the History tab of the screen (to the left of the backtest performance results).
Signals
This tab displays potential buy opportunities as detected by Bitsgap’s special crypto monitoring algorithms. They run across all supported exchanges 24/7, scouring thousands of trading pairs for price movement anomalies. Displayed for each entry is the exchange the signal was detected on, the “level” of the signal (higher level = stronger signal), the detected price vs. current price, and how long ago the signal was detected. Click on a signal to be transported to the Trading tab screen for that particular exchange and coin pair.
According to language on their website, Bitsgap defines a price event as being worthy of “signal” classification as such:
“When the price of a coin is starting to show an anomaly out of pattern which forms an upward trend, we add this entry into our signal list. To verify the trend we are using numerous indicators and models before considering any rapid move as a trading signal.”
Arbitrage
Arbitrage trading is the strategy of buying a coin for a lower price on one exchange and selling it for a higher price on another. It has long since been the “bread and butter” of Bitsgap, and while it may seem like easy money, it is a lot trickier than it sounds. Because it is difficult and requires some degree of experience, the Arbitrage option is only available to those with the Advanced or Pro upgrades.
Bitsgap Arbitrage feature generates a list of potential arbitrage opportunities calculated across the 30+ exchanges supported by the platform, arranged by order of potential profitability. It requires that users have decent-sized balances of coins across multiple exchanges all linked to Bitsgap via API. Potential arbitrage opportunities are calculated according to the account balances on the involved exchanges, allowing users to select crypto or fiat opportunities.
Conducting automated arbitrage through the Bitsgap platform is a far superior method to attempting to do it manually. This is because arbitrage opportunities are spotted quickly and trades on both exchanges conducted with just a single click.
Portfolio
This tab allows users to view the entirety of the crypto and fiat holdings across the breadth of exchanges linked to Bitsgap via API. Holdings can be shown either by coin or exchange. Open orders and order histories can also be viewed across multiple exchanges.
My exchanges and Demo feature
This is where a list of user exchange accounts connected through API are shown. In the upper-right corner is a button that says “Switch to demo”. By clicking this, users can activate the Demo feature which will allow them to practice using all of the previously mentioned components of the Bitsgap platform, for free. Demo accounts start with 1 BTC on 11 different exchanges which can be used to make trades, activate bots, capitalize on signals, or even conduct arbitrage.
There’s probably no better way to understand and familiarize oneself with all that Bitsgap has to offer than by practicing with the Demo feature.
Registering on Bitsgap
The registration process for Bitsgap is quite simple and only requires the verification of an email account. Alternatively, users can connect via their Google or Facebook accounts. New accounts come with a 14 day free trial in which several features can be used free of charge. The next step to take will be linking accounts on exchanges to Bitsgap through entering in the API Key and Secret Key provided by each exchange. Remember: so long as API settings do not include “enable withdrawals”, it is impossible for Bitsgap to withdraw your funds (exchanges do not include this by default).
Exchanges used by Bitsgap
Bitsgap currently supports API connections with over 30 exchanges, and they are steadily adding to this list. Below is a list of a few of the major exchanges used by Bitsgap.
Bitsgap subscription pricing
After the user’s 14 day free trial has expired, there are several options available to continue using the platform, including a free account with limited trading options. Subscription models include:
Basic ($19/month). Access to standard features with a $25,000 monthly trading limit.
Advanced ($44/month). Access to extended features including automation and arbitrage with a $100,000 monthly trading limit.
Pro ($110/month). Unlimited access to all Bitsgap features and an unlimited trading limit.
Summary Bitsgap is a revolutionary cryptocurrency trading platform that offers its users a wealth of options that simply aren’t available through similar operations. Highly intuitive and sleek in design, Bitsgap allows for a near infinite amount of trading possibilities thanks to its ability to unite an unprecedented number of top cryptocurrency exchanges all under one roof. Advanced trades can be made safely, securely and instantly, removing the hassle of having to log in and out of multiple exchanges, saving time and maximizing profits in the process.
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