Best Crypto Trading Bot – Automate Your Income! (Bitsgap Review + Tutorial)
Michael reviews Bitsgap, his favorite crypto trading bot, highlighting its ease of use, results, and the importance of research before investing.
Highlights
- 🤖 Best Crypto Trading Bot: Michael shares his favorite trading bot, Bitsgap, for automating income.
- 📈 Impressive Results: He reports earning over $1,166 in just 20 days from his trading bots.
- ⚙️ Easy Setup: Connecting Bitsgap to exchanges like Binance and Kraken is straightforward.
- 📊 Demo Mode Available: Users can test strategies without risking real money.
- 💸 Subscription Plans: Bitsgap offers various plans to suit different trading needs.
- ⚠️ Risk Awareness: Michael emphasizes the volatile nature of cryptocurrency trading.
- 📅 Free Trial: A 7-day free trial allows users to explore the platform without commitment.
Do you want to know what the best crypto trading bot is and how you can use it to automate your income and potentially make really big money online then this video is for you my name is michael and if you watched any of my videos before you will know that i love using a lot of different ways to make money online and recently i’ve started using trading boards to earn more cryptocurrencies and grow my earnings that way completely passively and many viewers here on my channel have asked me about crypto
trading bots what the best bot is how to use it if it’s really worth it so i decided in this video here to share my results by using bitscab which is my favorite crypto trading bot i will not only show my results i will also show how it’s used and what you can expect from it overall and also i will talk a little bit about the pros and the cons of using crypto trading bots in general because there are some things you need to consider to find out if this is the right option for you or not and in this
bitscape review here and to tool i will show you all this so you can easily find out if you should go for this or use other methods to make money online so before i log into bitscab and show you around show you my results and show you how to set it up then let’s just first go over the basics of what bitscap is because bitscap is a crypto trading bot this is a software so you do not actually put money into bitscap this is important to understand what you do here is you use this software here you create
an account i’ll leave a link below here also so you can sign up there if you do not yet have an account and then you connect it to one of the many crypto trading exchanges that they work with you can see some of the top ones here they actually work with binance kucoin kraken coinbase pro gemini all these different ones here all the big ones you can connect to here so you would need an account in one of these places here you can also use several of them and then that’s where you have your money and
then you connect that with bitscape so bitscap is just the software that interact here and the advantages of using a bitscap software like that because some of these have their own trading bot is that bitscap in my experience and opinion just gives better opportunities because this is specialized in creating a crypto trading bot so they keep developing it has a lot of great features it’s quite easy to use whereas many of these they are not focused on that aspect but they’re really great exchanges so you just
connect that here also when using bitscap you only need to use one interface here and if you then have many different platforms here that you have coins in or cryptocurrencies in then you can just connect all of them to bitscap and you can do the everything inside bitscap you do not have to keep jumping into every single one of these and learn how to use the bots or the platforms inside every single one of these so that’s definitely one big advantage of bitscap and it’s super easy it takes a few minutes to connect any of
these trading platforms here and bitscap has a great help center here that will explain exactly how to do that step by step but that’s just the basic understanding of what bitscape is it is this software a trading bot that you then connect here so you do not put money into bitscap this is not where you hold your money you hold them in your exchange and that’s just something people often get confused with so i wanted to start by making that very clear but let me now then log in show you my results and show
you how to use bits gap so i am now logged into bitscap and i do understand that was how i felt also when i first joined is that it can seem a little bit overwhelming at first because there’s these graphs here and some different numbers but if you just take it step by step it is super easy to understand what’s going on and how it works first i want to share my results here on live bots meaning real money i put in here and then i will show you how to set one up because that explains very easily how to use it but you can see
down here the different bots that i currently have running here and you can see the bot profit the bot profit is how much i have made from trading you can see these dots here this is buying and selling here so i have to set it to automatically buy and sell within a certain range here so just as the prices go up and down because that’s what they do with cryptocurrencies i automatically buy and sell i do not have to do anything and you can see here in total i have made these 1166 dollars just by having them running
there you can see this one for 19 days 20 days 23 days and this is money that i have already been paid out into the exchange that i have connected here so this is not money that now are running on these bots here the money that i have running on the bots you can see over here this is something that i have been paid out in addition to this the value here that will go up and down and two of them have been doing really well you can see this one here i started it not at the best time that’s just how it is sometimes and that’s also
actually good to show because that also shows that they can go up and down that’s why it’s good to have several bots running so you diversify sometimes one do better than others and that’s just how it is but i just keep let it run because i believe that eventually also it will start going up again and start making more money but you can see even though it has actually decreased in value i still have made more than 300 dollars from it from this going up and down where it automatically buys and sell and
each of these here it is taking me 5-10 minutes to set up or something like that including doing some research because it’s of course important to find coin peers and i will talk a little bit more about that when i show you how to set up that you do believe in and since i have spent these 5 10 minutes here you can see for example 20 days ago approximately i have not touched them i just log in once in a while and then check if everything looks fine and they just keep going and they make me money
automatically yes you have to put in some money for that because that’s how it goes with cryptocurrencies but you can also see then the return here that i have so far of my money is 12.6 that has been paid out and yes the values will go up and down of the cryptocurrencies themselves but that’s where the patient comes in that if you choose coin pairs that you believe in the long term potential of it’s just a matter of waiting before the value will also hopefully increase there and then you will get even more but this is just
money paid out from buying and selling here automatically and this is not even a month and i’ve earned almost 13 and in my bank i paid money standing here in just 20 days or so they have paid me out here from doing these trades here automatically almost 13 so that’s definitely a great return of my money however one thing i just want to make clear is that i am not a financial advisor i cannot guarantee that you will get the same results you might get way better results you might get worse result you might end up
getting a lot of income here you might end up losing money cryptocurrency is a volatile market it can be risky you can end up losing money i cannot guarantee you how it will go even if you follow what i show here and i just want to make that very clear so if you decide to invest in cryptocurrency trading it is at your own risk and you need to do your own proper research before you choose to put in real money here so i just wanted to make that clear but one great thing about bitscape is that you do actually
not have to put in your real money when you first start of course if you want to actually get paid in profit you have to but when you first start of course can be a little bit confusing here and you’re a little bit unsure and that’s where bitscape is really great because they do have a demo mode where you get play money so you can just test all you want and try all kind of different strategies and learn how it works and then at some point if you feel confident about it you can put in real money so
that’s a really great feature so let’s go over that and that’s also where i will show you how to set up a board and i can also show you some of my results of my test bots there so all you need to do there to go to the demo mode is that you click this little icon up here you can see it’s demo off that means it’s in live mode here that means that this is live this is real money that i put in this is real results here but if you then want to go to demo mode you just click demo on here and you can see now
i’m in demo mode here and you can also see i have different test bots here running here i also have this history here of all kind of different bots i have tested and this is just because i use this to test different strategies to learn about it and you can see here some of the results here that i also have tried here recently here how long they have been running and the return they have given here overall here for just these four bots here again do not use any of these here as suggestions for what you need to
set up at this particular coin player that is something you have to decide yourself when doing research and i will talk a little bit about that later about how to do that for now let’s just go over how to start a bot and i will show it here in demo mode so that’s where you can start the great thing is that you will get a lot of play money here and then you can just go here and start a new bot once you have signed up for bits gap here and then it has two different bots here in the live mode there’s a few other
bots you can choose between they have a lot of information also on bitskype about the different bots so you can test out different ones here and that’s again the great thing about demo mode here for this situation here what i’ve usually used here so far is this s bot here so you can use that for example you can also use the other you can do some more research about some of the other bots that they have available also in the line mode there but now here then i have clicked here to start a new bot and then there’s these
different settings that you can see over here the first one here is these exchanges here and this is all the different exchanges all these are the ones that you can use in demo mode anyways it has more in live mode that you can connect but you can see all these available usd this is play money this is not my real money unfortunately that would be pretty cool but unfortunately that’s not the case but you can choose any one of these here to connect and the main difference between which one you choose here that is which
country you live in some exchanges are available in some countries but not in others another big difference is what coin pairs are available so you can see which cryptocurrencies you can exchange here or chains or trade here and that also will vary but you can choose any one here for example one that i very often use is binance i love using binance also it’s very easy to use here so i would choose the exchange here and then all i need to do is to choose this coin pier here and that’s where you need
to do some research they do have down here if you scroll down something called strategies and it gives different suggestions here based on what they call back test meaning how would it have been the last month if you had been running this pair here for example but that does not necessarily mean that that will give the same results in the future that’s very important to understand so there’s no guarantee of that this is just suggestions also you can use to get an idea here and you can search there or
you can just do research other places about great coin pairs and then you can just go here and you can scroll through or you can search here for example if you want to be paired with btc it’s important to understand what’s on the right here that’s the coin that you need to have in your exchange because that would be used to buy some of the other and then it will trade as it goes up and down it will become more clear when i show you how to set it up and the profit will be paid out in btc also then so that means that for example
down here you can see these ones where i have it set up in btc the profit these almost 500 has been paid out in bitcoin there again this is play money this is demo mode so i haven’t actually received it but it’s just to test the different strategies i’m testing here and then you also have for example with usdt with this stablecoin which is the easiest to get started with because it just makes it easier to get an overview if you are new to this and that’s also what i have been using quite a bit here so that’s
basically worth one us dollar here so it’s tied to that that makes it easier so you can also just here for example she do like this here and then you can look for all the peers that are available with usdt and i’ll just choose anyone here now and this is not a recommendation or anything i have not done any research now i just want to show you how to set it up so i do not know if this would be a good idea or not this is just simply to show you how to set it up but anyways what you then need to do
here you can see you can squeeze it a little bit so you can get a better overview if you want to here you can also squeeze this here if you want to move it around so you can get a better overview and see the past up and downs there and use that to make your decision also but over here then you can see the total amount of money you have in your exchange of the right coin here as you can say the usdt in this case here and then you can just slide it up and down and choose your investment how much you need to put in
that can vary a little bit on also the exchange but usually to have enough for it to make sense you cannot just put in like 200 usually it would have to be somewhere between two and a half and three thousand dollars as a minimum there’s not a such a maximum um but that’s the minimum for it to make sense because there’s cryptocurrencies on each of these lines that buys and sells and if there’s not enough it doesn’t make sense because there’s a small fee every time also so that’s something like that you need to and
that’s something you can also play with but that’s around that you need to do so i would just choose like this here you know the investment you can scroll down down there you can also just write the exact number here if you want to but you can see with the current settings it’s red here and it says like then you need to have more money but that’s that will probably change now if we change it here you can see the high price the low price again this is something you can pull this one here or you can just set the
low price over here set the high price here you can see here for example with the high price you can move it up and down here you can see it changes all the time over here also and the low price here i can also do that here i can move it up a little bit here if i want to the exact setting here this is also something you have to test yourself i cannot give you the exact settings also this grid step here that means how much spacing is there between how often should it buy and sell again i cannot give you the exact numbers for
that but because that that would be financial advice and i cannot give you that i cannot share that that is something that is at your own risk but this is where you set the high and the low price that means that if it goes below this here you can see then it will not buy anymore these greens here is what they call buy orders so let me just try to explain this here so that means that in this case here i have usdt on all these green lines here so when alice the coin alice here in this case here this is just an
example goes down every time it goes down a certain amount that is set with this grid step here then i would buy a small amount and and then the line would turn red because then it would be alice that’s sitting on that line and when it goes up then it will sell and every single time it does that goes up and down as you can see with the different options i have there the results i showed you earlier you will make a profit there and that’s what then slowly adds up to being some nice extra money there and this grid step
here is also something you can play around with here and then you can you can just say like something here also you can see the rest of the changes here and at the moment that i changed this for example you can see now there’s not a red line anymore here so now it says this is fine the grid levels how many grid levels that will also depend on your exchange how many that are allowed you can see it has to be between five and 180 some exchanges will only allow like 100 grits here but you can see that will also
change automatically if i change these other things and then this investment would be fine and i could start it like that you can also try to change this one to higher lower and the lower price or if you want to keep it like tighter like that you can see then the grid levels there is less here and i could also put a low investment in of course the earning potential is also not that great but that’s something you can all just do here try it and then you can click this back test here and that means that
will show if you had these exact savings what would have been the return the last three days the last seven days the last 30 days and this is again important this is what would have happened in the past if you have run this bot here that does not mean you will necessarily get the results like this in the future it might be worse it might be better there’s nothing no way to guarantee that that’s important to understand but it can just give you an idea about whether it might be a good idea and as long as it’s in
demo mode there’s not really any risk because there’s no real money that you’re spending like this here so once you’re happy with that then you can use this trailing up here that means that if the price goes up the whole grid here that will just move up and it will keep trading there which is something that i definitely use there because you do not have to put in extra money trailing down means that if it hits below here and then it will move down but then it will start taking more money than what you initially put in as an
investment so that’s something that is not for everyone here take profit that means you can stop it at a certain profit certain laws there personally i just keep an eye on it make decisions based on that do not use them and then you can just choose whatever you want in this case for example if i do this here then i click preview i check everything is okay here and then once i say that everything is fine i’ll just confirm again i want to make it clear that these settings are just completely random i just put it in
here to show you how to set it up i cannot say that these are good settings i have not thought about it now i just wanted to show you how to set up the bot and that’s just important to understand so you do not think that you should follow this here and then we’ll get great results because that’s something that you need to do research about yourself but you can see then when you start it it says that you need to buy alice because i do not have that coin already so it will use some of my usdt to use this so it can create these cell
lines there also the red lines there so i just say yes here to buy it and i will then see these different pop-ups here showing that everything is being bought and set up here and you just have to sit and wait here in demo mode it goes very fast here because it doesn’t actually really go out and buy because it is demo mode but when you set up a real bot it can take a little bit of time so you just need to sit and wait and once it’s done here you just say done and then you can see here it runs down here now you
can just keep an eye on it the bar profit right at first you know might go a little bit minus but in general but profit will always be positive it’s just right when it starts you can see if it starts buying or something like that and then it will exchange there so you just let it run there come back and check and then over here you’ll be able to see the daily average i mean the percentage you have earned daily of your initial investment here that’s a good number to keep an eye on here so this is how simple it is to set up
and then you just let it run and that way you can automate your income there’s a lot of things to test here demo mode is great for testing for sure but you of course also need to know how much it costs to use bitscape because it is a really great software so of course it also has a cost so let me just go over that but before going over that i would really appreciate if you could take just one second to like this video here if it had helped you so far because it can help it to be seen by more people
so bitscap has different plans depending on your needs and that’s really great so you can start very small and then as you build up you start hopefully earning more then you can advance and get more choices there and which plan you want here that basically mostly depends on how many bots you want to have running there if you want just two here you can just go for the basic membership here i just want to make clear for all of it here you can start with a seven day free trial here you can see you don’t even need a credit card so
you can just sign up and i’ll leave a link below here also so you can sign up for that free trial that means you can sign up and you can test it in demo mode or in real mode that’s completely up to you for free for seven days there i just want to make clear that if you want to keep using it after those seven days of course you need to make sure to pay before those seven days expire because for example if you have real money there and you have everything set up if you have not paid after those seven days of
course you will have to start over because the plan will be cancelled or your account will be cancelled if you do not pay within those seven days but usually you will also get a reminder but that’s just something that’s really important to be aware of but i love that they have a seven day free trial that you can just sign up for and and test it it’s really amazing so definitely make sure to take advantage of that if you’re not sure if this is the right option for you no harm in just trying it like that and then you
can after that decide you know if you want to just start with running two bots then you can just get the basic membership here if you want more bots up to five here you can get the next one here it also has some other options for the bots here for example these trailing up and train down that i talked a little bit about here other bots here and also the pro then has up to 20 bots here but that of course is also a lot of money but if you have that much money to put into the bot you know the price of the pro doesn’t really
matter because you will make that back very quickly definitely so then you do not really have to worry about it in general because the whole idea is if you test it and if you get good results you’ll also see then this price doesn’t really matter because it will very easily pay for itself but you can also get a discount if you buy six months so you pay upfront for six months there then you can see it becomes quite a bit cheaper there so that’s also something to consider if you find out after having tested it that you think
that you want to use it longer then why not actually give it a go there and just upgrade if you think like okay i want to do this and then at any time you can upgrade to a bigger plan if you want to have more bots running there so this is the prices here it can maybe seem as a lot for the pro for example but that really does not matter because if you do not have the money to put into 20 bucks now anyways then this is not really relevant then you need to look at one of these two here which is really not a lot when you
see how much the boss potentially can make you every single day and then once you maybe reach this level here 150 per month really does not matter anyways but as mentioned also you can just start with the completely free trial for seven days there i will leave a link below there so you can go and sign up and get started just start testing in demo mode and see what kind of results test different strategies and see how you like it so overall i am really excited about bitscape this is definitely the best
crypto trading bot that i have found so far and i’m excited about my results so far i am still fairly new as you could see i have only been running light bulbs for like around 23 days or so so i still have a lot to test but the results so far are very promising for me again just want to make clear i cannot guarantee you any specific results any investment you do in cryptocurrencies is completely at your own risk so once again i just want to make that clear but i just love bitscap and if you are
interested in doing bot trading it definitely is a great option for that it is very easy to use it can look a little bit overwhelming at times but if you just follow this tutorial step by step and then use this help center on bitscap it’ll be very easy to set up and get started and if you already have experiences with it or if you have any questions i would love to hear from you and comment below that i will personally respond to all questions there so just feel free to share your experiences or
ask any questions there but no matter what i hope this video here helped you and if you did make sure to hit the like button and also don’t forget to subscribe to my youtube channel and hit the notification bell so you won’t miss out next time is a video with tips and tricks about different ways to earn some extra money on the site online
Key Insights
- 🤖 User-Friendly Interface: Bitsgap simplifies crypto trading by allowing users to manage multiple exchanges from one platform. This reduces the need to switch between different accounts and interfaces. 🌐
- 📈 Real Earnings Potential: Michael’s experience shows that Bitsgap can yield significant profits in a short time, demonstrating its effectiveness for passive income generation. 💰
- ⚙️ Comprehensive Support: The platform provides a robust help center, ensuring users can find guidance when setting up and optimizing their bots. This support system enhances user confidence. 📚
- 🛡️ Risk Management: Michael stresses the importance of understanding the risks involved in crypto trading, highlighting that investments should be made cautiously and based on thorough research. ⚠️
- 🎮 No Risk in Demo Mode: The demo mode feature allows users to practice and refine their trading strategies without financial risk, making it an excellent learning tool for beginners. 🎓
- 💳 Flexible Subscription Options: Bitsgap offers various membership plans, allowing users to choose according to their trading needs and budget, promoting accessibility for all traders. 💳
- 🔔 Community Engagement: Michael invites viewers to share their experiences and questions in the comments, fostering a sense of community and support among crypto traders. 🤝
