Want A Hassle-Free Trading Experience? Try Bitsgap Cross-Exchange Platform

Tallinn, Estonia, November 26, 2018 – Bitsgap has introduced a new platform that unifies both trading and asset management for more than 30 popular cryptocurrency exchanges. The service provides a unique experience for all traders - with a fully secure and reliably fast interface for cryptocurrency spot trading on the top cryptocurrency exchanges, the platform can access more than 10,000 crypto pairs.

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The rapid development of the crypto industry saw both the interest of investors and traders spike as well as the trading volume on exchanges skyrocket. Since the market was not prepared for such a customer inflow, issues around the provision of service soon appeared. The situation on the market also forced many traders to manage several exchange accounts while looking for the best trading opportunity.

“We noticed that crypto traders are experiencing difficulties searching for the best prices on different exchanges making not efficient trading decisions. Our goal became to implement a unified solution which will offer a hassle-free trading experience for everyone”, said Maxim Kalmykov, CEO at Bitsgap 

“With Bitsgap platform we also implemented risk management tools like Stop Loss / Take Profit, Arbitrage, and Portfolio tracking services to cover all the needs to trade and manage crypto assets.”

Bitsgap Bitcoin and Cryptocurrency trading

The Platform resolved most of the issues by combining all tools and services into one :

  • Trading. The trading platform itself demonstrates Bitsgap's focus on helping users to manage their trades in the most effective way by giving access to a comprehensive list of features. In a matter of seconds, a trader can switch between exchanges and pairs while staying on the same browser tab. 

    Users are free to trade on all supported exchanges - watch the rates in their local currency, move open orders directly on the charts, use the most common and useful drawing tools and oscillators for TA as well as compare price points on multiple markets. The platform also allows the user to observe different pairs correlation as well as execute trades with predefined Stop Loss & Take Profit order.
     
  • Arbitrage. The price for the same asset on exchanges may differ due to low capitalization and unregulated volatility can sometimes be high, allowing users to make hundreds of dollars from a single trade. Therefore, traditional arbitrage methodology which involves a withdraw and deposit procedure is somewhat outdated and often fails. The Bitsgap developed an effective tool to assist with a simple set up and instant arbitrage execution.
     
  • Portfolio. The live portfolio tracking allows traders to monitor recent transactions on all connected exchanges and provide a detailed summary of trading activity. The platform enables users to know exactly how much money they are making and highlight the most successful trades made in the past.
     
  • DEMO. The Bitsgap team brought trading closer to novice users and introduced a demo-mode that allows testing trading strategies in a risk-free environment on all the supported exchanges.

The best part of Bitsgap is that the service is surprisingly fast and importantly free to use. The support service resolves issues within a few business days and the team has prepared a detailed knowledge base with internal user tools to help on board new customers.

For more information about Bitsgap, and free account sign up, please visit www.bitsgap.com or send an email to [email protected]

About Bitsgap

Bitsgap is an Estonian based company, revolutionized cryptocurrency trading. The platform provides hassle-free experience in Trading, Portfolio Tracking, and Arbitrage with access to more than 30 major crypto exchanges and supports trading for 10,000 currency pairs. For more information or free sign-up, visit www.bitsgap.com

Crypto Security and Privacy: Why VPNs Matter

With exchange hacks, crypto thefts and phishing incidents seemingly hitting headlines every week, safely buying and transacting with cryptoassets online has never been more important.

This week saw a particularly poignant lesson in the need for a robust online security strategy, as BitGo Lead Engineer Sean Coonce revealed that he lost over $100,000 from his Coinbase balance as an attacker gained control of his account using a “SIM Port” attack.

One important element in any crypto user’s online security should be a top-tier VPN.

VPNs and Privacy

In addition to a gamut of security and privacy practices crypto users should adopt, including using a hardware wallet and using 2FA authentication (non-SMS), a good VPN can’t be overlooked.

While the top cryptoasset blockchains themselves are quite secure, an individual’s interactions with the blockchain or their funds may not be. VPNs encrypt your data, acting in effect as an extra barrier against anyone who might try and access your information as you are communicating with servers online. The data packets of a crypto transaction in this way become better protected against anyone trying to intercept them as they travel between you and the target - such as an exchange.

When you are using a VPN, all your communications are routed via one of the VPN’s encrypted servers. This also affords you a far greater degree of anonymity, as anyone attempting to track websites you visit, e.g. exchanges, wallets, won’t know when or if you are visiting them.

While these technical features of VPNs make them essential for any crypto user, there are other broader concerns that will likely attract crypto enthusiasts to a quality VPN.

The Spirit of Decentralization

Another important facet of using a VPN is decentralization and the privacy of your information.

Bitcoin was created to fulfil the vision of a decentralized, nation-state resistant currency, allowing people across the globe to exchange value independently. In this vein, VPNs form an essential part of that vision, as it becomes far harder to trace your location.

Whether a VPN stores log files too, will likely form an important part of a crypto users choice of VPN. Some VPN providers, while either dancing around the issue or even claiming that they don’t store records of your internet activity, do in fact log your activity. Choosing a VPN provider that has a proven record of not logging activity, therefore, will matter to many in the crypto community.

One other interesting feature offered by some VPNs is the ability to pay for them using cryptocurrency. While many of the top VPNs don’t offer this feature, those who are particularly conscious of privacy and leaving less of a financial footprint, will factor this capability into their choice of provider.

Getting Started on Your Security Journey

Getting to grips with the potential security minefield that comes with owning and buying cryptoassets is not easy. There are a host of ways you can lose your crypto or leave yourself vulnerable to theft. Making sure you choose the right VPN therefore, should form an important part of your strategy as you seek to secure your crypto and online activity.