Question 1

Are crypto bots legal?

Accepted Answer

Yes, crypto trading bots are legal in most countries, including Australia, but their legality depends on the regulations of each specific jurisdiction. As long as you’re using bots on legitimate exchanges and complying with local laws, it’s completely fine. In Australia, there are no specific laws against using trading bots, but users must still abide by broader financial regulations. Always check with your local regulatory authority if you’re unsure. Using a reputable platform like Bitsgap ensures you are operating within a secure and compliant environment.

Question 2

Can you auto trade crypto?

Accepted Answer

Absolutely, you can auto trade crypto, and it’s becoming more popular among both beginners and pros. Platforms like Bitsgap allow you to automate your trading strategies using bots like GRID, DCA, LOOP, BTD, and COMBO​. With Bitsgap, your trades can run 24/7, even when you’re offline, thanks to our cloud-based infrastructure. You simply connect your exchange account using secure API keys, configure your bot, use pre-built optimised strategies or AI assistance, and let it trade automatically. It's designed to save time, reduce emotional trading, and take advantage of even the smallest market movements.

Question 3

Why should I use Bitsgap?

Accepted Answer

Bitsgap offers a powerful all-in-one crypto trading platform that combines smart trading terminals, automated bots, portfolio management, and demo mode in one place. It supports over 15 major exchanges, giving you flexibility without switching between multiple platforms​. The bots are easy to launch with a few clicks and come with features like backtesting, ready-made strategies, and risk management tools​. Bitsgap also takes security seriously, with 2048-bit encryption, API restrictions, OAuth integration, and two-factor authentication​. Plus, there’s a 7-day free trial on the Pro plan with no credit card needed, so you can explore all features risk-free.

Question 4

Are crypto trading bots worth it?

Accepted Answer

Crypto trading bots can definitely be worth it if used properly, especially with platforms like Bitsgap. They help eliminate emotional decisions, allow 24/7 trading, and can optimise strategies using data-driven algorithms​. The AI Assistant, for example, can boost profitability by up to 20% compared to manual trading​. However, while bots offer automation and efficiency, market risks still exist, and no bot can guarantee profits all the time. Beginners also benefit because Bitsgap offers easy-to-use bots, pre-built strategies, and a Demo mode for practice.

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