As cryptocurrency become more well-known and lucrative, investors as well as traders are constantly looking for lucrative opportunities. This is possible thanks to automated trading software.
They automatize transactions on behalf of the user and allow users to earn higher amounts of money and also passively. In the context of the industry the tools, or “robo advisors” are not regulated and choosing the best cryptocurrency trading bot isn’t easy.
Bitsoft360 is one of the many cryptocurrency trading software tools that has emerged on the market in recent years, with the potential to help traders generate gains on the market and increase their possibilities of earning substantial returns -if it is genuine. In this Bitsoft360 review, traders will gain an understanding of what the platform does and how it functions, before deciding whether to proceed with an investment.
Bitsoft360 Summary
We’ve provided a concise summary of the details on the Bitsoft360 website:
- Product Type – Cryptocurrency trading platform
- Mobile App – No
- Trading Commissions – None
- Multi-Currency Support – Yes
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
What Is Bitsoft360?
Bitsoft360 is a cryptocurrency auto trading software tool that aims to help traders fast-track their trading process. According to its developers, it was built to provide easy trading and improve users’ chances of earning a profit from the market.
Bitsoft360 declares it’s an auto trading program that is suitable for novices and experts on the crypto market. Its mission is to improve traders’ efficiency and accuracy in allowing them monitor the market and provide insight into the most optimal timing to start and end trades. With a simple and fast acces to Bitcoin and the top altcoinsavailable, Bitsoft360 can also be described as an extremely flexible trading platforms on the market.
Although it is currently available on desktops, Bitsoft360 has already amassed over 560,000 active users, according to its website. And as the market continues to grow, there is every possibility that this figure will continue to rise.
Several online Bitsoft360 reviews have attested to the platform’s efficiency and ease of use. However, there is no way to verify these claims. Traders looking to run a Bitsoft360 test will have to sign up on the platform and do so; we recommend that they tread cautiously.
How Does Bitsoft360 Work?
As mentioned, Bitsoft360 functions as an automated trading platform. According to its developers, the platform allows investors to easily navigate the market by providing insights into the best times to enter and exit their positions.
Bitsoft360’ developers claim that the platform operates using artificial intelligence and machine learning. The Bitsoft360 platform can parse the market and identify trends with these concepts. Once it does this, it passes the information to brokers, which handle trade execution and order management for Bitsoft360’ growing client base.
Bitsoft360 claims to provide access to manual and automated trading as a versatile platform. This means that beginners and experienced traders should be able to use the platform to navigate the market and scout for returns. And with support for a demo account available, Bitsoft360 ensures that users can test every feature on it.
Bitsoft360’ developers have also touted the platform’s use of advanced technical analysis tools and indicators to help traders make the right decisions. From the relative strength index (RSI) to the moving average convergence divergence (MACD) and more, Bitsoft360’ users will have no shortage of analysis tools to work with.
Bitsoft360 is one of the many software programs for automatically trading cryptocurrencies that have come out in the past few years. Check out our Bitcoin robot guide to learn the fundamentals of automated crypto trading, and find some Bitsoft360 alternatives.
Top Features
Below is a review of some of the primary features offered by the Bitsoft360 trading platform:
High-Quality Trading System
Today’s crypto market is dominated by advantages. To outperform other traders’ profits, many traders spend a lot of time searching for an advantage. The creators of Bitsoft360 assert that traders gain an advantage with its superior trading platform.
According to them, Bitsoft360 uses artificial intelligence and machine learning to understand market trends and discover the right times to enter and exit the market.
However, the majority of these claims are not supported by any evidence. When using Bitsoft360, traders are advised to use extreme caution. Before users start trading with real money, they should at the very least do a test on Bitsoft360. Check out our BitIndex AI review for a similar software tool.
Demo Account
The demo account on Bitsoft360 is one feature that makes the platform functional for beginners and expert traders. The account makes it possible for beginners to understand how the platform works, while experienced traders can also use it to test their trading strategies before deploying them on live trading.
As Bitsoft360’ developers claim, this can significantly increase traders’ chances of profitability.
Customer Support
Bitsoft360’ developers have claimed that customer support on the platform is top-notch, and traders will have access to a full staff once they register. However, they didn’t provide any further information on this.
High-Speed System
Another significant feature is the high-speed trading system used by Bitsoft360 to execute trades. According to developers, the Bitsoft360 platform can make decisions in split seconds as soon as it identifies market trends. This means traders can take advantage of the high-speed trading system to maximise their profitability.
However, the in-depth information concerning how this system works has not yet been disclosed by Bitsoft360’ developers.
Backtesting
Experienced traders understand the need for backtesting when working with trading techniques. And according to Bitsoft360’ developers, the platform allows all traders to backtest their trading strategies as many times as they would like.
Bitsoft360 Fees
Fees are an important part of any service that traders use. Bitsoft360’ developers have implemented an interesting fee structure that traders might be interested in. Check it out below:
| Transaction Fees | None |
| Trading Commissions | None |
| Account Maintenance Fees | None |
| Hidden charges | None |
As the table shows, Bitsoft360 won’t take a single commission when traders use it – even when they profit. However, traders should keep in mind that Bitsoft360’ brokers might take fees for their service.
Is Bitsoft360 a Scam?
So the key question is, “Is Bitsoft360 a scam?”
Bitsoft360’ developers have made huge claims about its efficiency. Also, the platform has a lot of positive Bitsoft360 reviews from users who have attested to its reliability over time. This might give prospective users some confidence to work with it.
However, Bitsoft360 is also relatively new and its claims are not yet backtested. The platform’s developers have been unable to verify the claims. We recommend starting with a minimum deposit when this automated crypto trading platform is utilised. Traders have to be careful when they work with Bitsoft360 – as well as trading the crypto market, which, as many know, is incredibly volatile.
Minimum Deposit
Minimum deposits are a part of trading services. For Bitsoft360, the minimum deposit is $250 – comparable to many other trading platforms of its size.
Traders should always set a stoploss while dealing with cryptocurrencies because of the significant volatility linked with them. To put this another way, start with the very minimum and begin to progress from there. Additionally, it is recommended that traders only deal with money that they are willing to lose.
Customer Support
As mentioned earlier, Bitsoft360’ developers have claimed that they provide a reliable customer support system for traders who need help. However, they have provided no information about this system thus far. Traders will need to perform a Bitsoft360 test to confirm the availability of the so-called reliable customer support system.
How to Use Bitsoft360
To get started with Bitsoft360, traders can follow these steps:
STEP ONE: Sign Up
Navigate to the Bitsoft360 website to get started. Traders will need to enter their details – full name, phone number, and email address.
Once done, the platform will send the trader over to a broker, and they will be able to access their account.
STEP TWO: Deposit Funds
Traders can deposit funds into Bitsoft360 by using bank transfers, cards, and direct crypto deposits.
Remember that the minimum deposit is $250; only trade this amount as a beginner trader.
STEP THREE: Demo Account
The demo account isn’t a necessity. Traders are encouraged to take advantage of it notwithstanding. The demo account allows beginners to run a Bitsoft360 test to understand the platform’s operations. Experienced traders will also be able to use it to test their trading strategies before deploying them on the live trading feature.
STEP FOUR: Live Trading
Once done with the demo account, head over to the live trading service to begin.
Is Bitsoft360 Legit? The Verdict
The crypto markets trade 24/7/365 days a year, unlike stocks and other financial markets, and automated trading tools or ‘bots’ are popular today among day traders and scalpers as no human trader can monitor the markets at all times.
The Bitsoft360 platform is touted to emerge as the next big thing in the industry, as a number of reviews of Bitsoft360 have already indicated. Bitsoft360 testimonials focus on a number of postitive qualities, such as an intuitive user interface and robust backtesting functionalities.
However, because the site’s developers are largely unknown and traders cannot verify their assertions, it is imperative that traders exercise caution when using this platform. Always act properly while trading, and make sure to employ appropriate risk settings – as all trading involves risk to your capital.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
FAQs
What is Bitsoft360?
Bitsoft360 is a cryptocurrency trading software that promises to help traders make money in the crypto market. The software asserts that it is able to deliver high-frequency trading for all customers by utilising artificial intelligence and machine learning.
Is Bitsoft360 legit?
This is still in dispute. Several Bitsoft360 reviews have surfaced, but many of the platform’s claims remain largely unverified.
How do I join Bitsoft360?
To join Bitsoft360, a trader can easily sign up on the platform’s homepage. They will be connected with a broker as soon as they have submitted their name, phone number, and email address.
Who owns Bitsoft360?
Currently, there is no information available online concerning the owners of Bitsoft360.