Bitsoft360 Review 2023 – Trading App Pros and Cons Revealed
There is no doubt that trading cryptocurrencies is not an easy task. The prices of many assets need to be carefully monitored so that you can sell or buy just at the right time to maximize your profits. However, as a result of technological development, trading has become easier even for novices today with the assistance of automated platforms that claim to analyze market movements to find the best trading opportunities.
Among the many platforms for the cryptocurrency market that have emerged recently, Bitsoft 360 is one of the most popular. In this Bitsoft 360 review, we take a closer look at what the platform offers and how it works.
What is Bitsoft360?
With Bitsoft 360, beginners and experienced traders can make the most of their trading experience using an expertly designed, fully automated cryptocurrency trading tool.
Using the Bitsoft 360 platform, users can automate the trading process to comply with their needs using top-notch technology based on artificial intelligence. As a result, this trading platform claims to be one of the most profitable trading tools for traders who use it regularly.
As stated by Bitsoft 360, the platform accepts merchants from all over the world while maintaining a high level of security. It is estimated that the platform has more than 700,000 users around the world, according to its website.
Streamlining and simplifying the trading process is Bitsoft 360’s main objective. Therefore, Bitsoft 360 was built specifically for cryptocurrency trading with a user-friendly interface in mind.
In the same way that a trader would conduct their trading process, the platform contains all the necessary capabilities to perform it. Crypto markets are constantly analyzed by Bitsoft 360 using complex mathematical algorithms. Then, using this data, it trades on behalf of the user thousands of trades simultaneously using high-frequency trading. Software developers claim that their artificial intelligence approach leads to successful trades and greater profitability.
As part of its technical analysis features, the app also allows traders to set the parameters they feel comfortable with. It then performs technical analysis by scanning the market.
According to several online Bitsoft 360 reviews, the platform has been widely acclaimed for its high level of profitability. Despite this, those claims cannot be verified. Furthermore, traders should be careful to invest only what they are prepared to lose to minimize all risks.
|Type||Automated Crypto Trading Platform|
|Withdrawal Duration||24 Hours|
How Does Bitsoft360 Trading App Work?
As an automated trading tool, Bitsoft 360 implements computed and informed trading strategies on your behalf by analysing data on the cryptocurrency market. This algorithm scans the market looking for potential trades and opens positions based on its analysis.
The algorithm will use predetermined criteria- set by users- to determine which trades to take and which to ignore.
Using its algorithm, Bitsoft360 can detect changes in the market and execute trades automatically at the best price possible. This is followed by closing them at the optimal profit level. In addition to the mathematical algorithm and software embedded in this app, there is a copy trading characteristic and a stop-loss function for traders.
Bitsoft360 can detect trades 24/7, which means that it can run in the background when you are not able to make trades yourself. This mitigates the chances of missing successful trades.
Bitsoft360 uses advanced equations and additional technical analysis functionalities to enter positions based on rational estimations.
In contrast to humans, crypto trading tools such as Bitsoft 360 make decisions based on complex computer algorithms. The Bitsoft 360 algorithm does not take into account emotions like fear of losing or desire to make money when performing trading.
For those looking to try the Bitsoft 360 trading platform, there is also a demo account that can be used to learn more about the platform and the crypto fluctuations without investing real money. In addition, this mode offers several useful hints that will make it easier for beginners to get ready for the live mode.
It is a wise idea to look at the table below if you want to gain a quick understanding of the benefits and drawbacks of the Bitsoft 360 platform:
- Choose from more than 16,000 cryptos
- Markets are monitored 24/7 by the algorithm, and trades are entered automatically
- The service claims to have a high degree of accuracy when identifying trades during the trading process
- No trading commissions
- Multilingual support is available 24/7
- The platform uses a valid certificate to encrypt all transactions taking place
- A minimum deposit of $250 is required
- Testimonials from limited customers
- The platform’s creators are kept anonymous
- Currently, it does not have a mobile app available for download
Cryptoassets are highly volatile unregulated investment products. No investor protection.
Bitsoft360 – Key Features Reviewed
Let’s take a closer look at Bitsoft 360. In the following paragraphs, we will discuss the main features of the automated trading platform.
There is a lot of complexity involved in investing in the crypto market. Despite the high volatility of crypto assets, investors must constantly adapt their strategies and operations to new market conditions. In light of this, it is important to have tools to support cryptocurrency trading operations.
As part of Bitsoft 360’s Artificial Intelligence, an algorithm consisting of several connected levels has been developed. Levels correspond to specific fields of operations and are related to the indications implicit in the central algorithm’s operation.
It claimed that Bitsoft 360 could scan the market for potential trades using cutting-edge software and mathematical algorithms. They explain that Bitsoft360 identifies the right times to enter and exit the market using artificial intelligence and machine learning.
In addition, the Bitsoft 360 app monitors the market 24/7. Besides placing stop losses, the automated trading platform incorporates copy trading to avoid liquidating investor accounts.
There is a minimum deposit requirement associated with trading services. For example, there is a $250 minimum deposit requirement for Bitsoft 360. This requirement is comparable to many other trading platforms of a similar size.
Because of the significant volatility associated with cryptocurrencies, traders should always ensure they set a stop loss when dealing with them. As another way to put it, you should start with the very basics and slowly work your way up as time goes on.
Creating an account with Bitsoft 360 is a quick, simple process that does not require you to walk through a long, boring, or complex registration process. Registration is fast, and it takes only a few minutes. Providing your basic information is all required to open an account and start trading online.
Diversification and, thus, balancing are other important aspects of automated trading platforms. Utilizing the heterogeneity of the cryptocurrency market is one way to diversify.
All your capital invested in one asset could result in considerable losses in the event of crashes or downtrends. That’s why traders generally prefer platforms that offer a wide range of assets.
Consequently, if they wish to diversify their portfolio in the future, they can do so at any time in Bitsoft 360. There are more than 16,000 cryptocurrencies that this platform is said to offer.
As explained by Bitsoft 360’s developers, traders that are looking for assistance in any way can rely on a dedicated 24/7 customer support system. Several languages are available for customer support, and submitting a ticket is the only way to do so through the contact form.
It wasn’t possible to check how long Bitsoft 360 took to respond to queries during our research, as the platform’s customer support department is only available to registered users that have made a deposit.
The first thing a trader does when choosing a trading platform to use is to check the fees involved. Fortunately, Bitsoft 360 can take care of this research in no time.
Despite, it is common for many platforms to claim to be free, there are a lot of hidden fees that appear when you make a deposit. However, this is not the case with Bitsoft 360.
The platform claims no hidden fees or charges on deposits, trading, account maintenance, etc. Furthermore, it states that there are no charges associated with withdrawals.
|Account opening fee||$0|
|Commission||Trading fees are only charged by exchanges|
Security and regulation
According to Bitsoft 360, it is highly regulated because users’ personal information is kept safe by an SSL certificate that ensures the confidentiality of your data. Moreover, Bitsoft 360 states that it works with exchanges that are CySEC-licensed to ensure that all your trading is done legally and safely.
Is Bitsoft360 Legit?
In the same way that almost all algorithmic trading platforms, such as Biticodes, are not open source, Bitsoft 360 is not an exception. During our investigation, it turned out that it was impossible to access the software to understand better how it worked.
According to several reviews of Bitsoft360 already published on the web, the Bitsoft 360 platform is poised to become the next big thing in the industry. In Bitsoft360 testimonials, many positive qualities are emphasized, such as the intuitive user interface, the robust algorithmic capability, and a host of other features.
However, this website’s developers are mostly unknown to traders, and there is no way of verifying the claims. Furthermore, as the industry is unregulated, automated trading platform developers also closely protect their software, contributing to the lack of information among automated trading platforms. So traders should exercise caution when using this platform since traders cannot verify the claims they make.
If you are considering investing in any platform, you should always do your research before making a decision. Regardless of your choice, consider that automated trading is not an easy way to become rich. This is especially true since we are not able to verify the success rates that are presented.
Additionally, trading also comes with some risks that must be considered. For example, while there has been no evidence of a Bitsoft 360 scam yet, it is still recommended to only trade with venture capital due to the volatility of the crypto markets, which you can also afford to lose if you make a mistake.
Bitsoft360 Claimed Success Rate
Obtaining a complete picture of Bitsoft 360’s profit margins is quite unimaginable without first registering with Bitsoft 360’s website. Therefore, to get a good idea of how much you can earn through auto trading, you need to check the reviews. Trustpilot is a good place to start with. Joining online communities dedicated to cryptocurrencies is also recommended.
Furthermore, the platform’s official website should contain some data that can provide an indication of the level of effectiveness of the trading platform. Taking that information into account, Bitsoft 360 should be able to guarantee 96.2% accuracy on winning trades based on the information provided.
Considering this, we have not been able to perform tests or conduct real operations through the platform to evaluate it concretely. This is why it is suggested that you take this information with a grain of salt because it may not be accurate.
Note: Profits can never be guaranteed. Crypto assets are highly volatile.
Regulations do not apply to automated platforms such as Bitsoft 360 or Bitindex Prime since they are not intermediaries in the strictest sense of the word. Thus, the auto trading platform must be able to place orders through regulated exchanges to function properly. In this respect, Bitsoft 360 claims to work with CySEC-licensed brokers to ensure all your trading is legal and compliant.
Regarding privacy and data protection of registered users, the safest sites in this sector are subject to regulations that protect their privacy and data in any case. Consequently, it should be possible to obtain data security as a result.
However, even though this guarantees absolute reliability, we advise you to trade cautiously and only invest a small amount at a time.
Bitsoft360 Review 2023 – Our Conclusion
It is often said that Bitsoft 360 is among the best crypto apps available today. Its creators claim it can detect profitable trades and place them in milliseconds. Despite it cannot be confirmed, it is also advertised that they have a success rate of 96.2%. According to the website, the platform can also be used by beginners and seasoned traders alike 24/7 with no associated fees.
However, it is always vital for all investors to conduct their own research to determine if the platform they are contemplating is legitimate before deciding whether to opt for automated trading platforms such as Bitsoft 360. Finally, make sure you never invest more than you can afford to lose.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection.