Michael Graw
The Bitsoft360 platform states it uses artificial intelligence (AI) to power its proprietary crypto trading app. Our Bitsoft360 review explores those claims and the key features advertised on the Bitsoft360 site.
Traders should also do their due diligence on Bitsoft360 and keep in mind that all trading includes risk.
Let’s find out what Bitsoft360 offers, its fees and how to sign up for the service.
Bitsoft360 Summary
Bitsoft360’s website provides a basic insight into its offering, with more information reserved for depositors:
| Platform type | Multi-asset crypto trading |
| Supported cryptocurrencies | Bitcoin, Ethereum, Solana and major cryptos |
| Withdrawal time | Instant |
| Minimum deposit | $250 |
What is Bitsoft360?
Bitsoft360 is an AI-powered crypto app designed to provide traders with profits via auto trading. It features an algorithm that detects price action of assets likely to produce profits. The app enters and exits trades automatically to try to lock in the highest possible profits while attempting to secure an investor’s account from high losses.
The app enables traders to set the parameters they’re comfortable with and then scans the market with its technical analysis functionalities. Trading stocks with such an app may provide more stable price action, but Bitsoft360’s algorithm scans cryptocurrencies because they often have a higher earnings potential, especially those with a low market cap.
Traders should also seek to minimize their risk by investing only the amount they can lose.
Bitsoft360 Pros & Cons
Pros
Cons
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
How Does Bitsoft360 Work?
Although Bitsoft360’s algorithm scans for potential trades and opens positions, traders stipulate their preferred parameters. The app uses auto-trading technology and software to scan the market that fits each investor’s trading criteria.
According to the website, Bitsoft360 uses its algorithm to detect market movement and automatically enters trades at the best price possible and then closes the trade at the optimal profit level. The mathematical algorithm and software incorporated into the app also use copy trading and stop losses to ensure that traders don’t lose large sums of money.
An automated system such as Bitsoft360 can detect trades 24/7 when traders may not be aware of the latest fundamental factors because they’re sleeping. By using mathematical equations and other technical analysis functionalities, Bitsoft360 removes the emotional aspect of trading to enter positions based on calculations and rationale.
Bitsoft360’s Key Features
Our Bitsoft360 review team hasn’t been able to verify all of the claimed features on the app’s website. It’s up to each investor to ensure they know the product they’re buying and that it meets their investment goals.
Favorable Results
For a trading platform to be popular, it has to provide traders with results. Bitsoft360 claims that it has a high accuracy, with a winrate exceeding 90%. We assume that statistic refers to the accuracy of trades that its algorithm opens. That is an extremely high percentage of profitable trades, and may be more of marketing strategy than a sustainable ROI.
All automated bot tools still involve taking on risk and may require some calibration and monitoring from the end user.
Globally Available
Some trading platforms restrict users geographically. They make their services available only in certain regions because of regulations and other legal matters. Bitsoft360 claims to be available globally, specializing in providing services to Europe, Asia, Africa and Australia.
Access to Bitsoft360 is advertised as being available at any place and anytime via desktop, mobile and tablet.
Large Selection of Assets
One of the reasons that traders prefer forex brokers offering numerous currency pairs is the option to find potential trades when major currencies are consolidating. Bitsoft360 claims to scan the market for major cryptos such as Bitcoin, Ethereum, Solana, Dogecoin and 16,000 other cryptocurrencies.
That provides traders with more opportunities to have open positions and potentially profit from them.
Secure
Investing in a legit project is crucial to minimizing risk and increasing the chances of being profitable. Bitsoft360 claims to be highly regulated, experiencing numerous daily security checks. This provider also stated that it provides 100% protection of each investor’s personal information.
Various Payment Methods
Traders prefer to have several payment options to fund their accounts. That enables them to compare the fees associated with each method and determine the best option. Bitsoft360’s website features Visa, GPay and Mastercard.
Innovation
Our review team discovered that one of Bitsoft360’s claims was that it combined mathematical algorithms with cutting-edge software to scan the market for potential trades. Besides scanning the market 24/7, the Bitsoft360 app also places stop losses to ensure traders don’t liquidate their accounts, and incorporates copy trading.
Bitsoft360’s Fees
| Account opening fee | Zero |
| Deposit/withdrawal fees | Zero |
| Commission | None other than an exchange’s own trading fees |
Is Bitsoft360 a Scam?
Investors need to do their due diligence to ensure that their funds are safe with Bitsoft360. Our review team has only reported on Bitsoft360’s claims and information gleaned from online reviews and testimonials. It’s important for investors to research what Bitsoft360 offers and the results it can provide for themselves.
Once investors have established that, they can compare their investment goals to Bitsoft360’s offering to determine if the two coincide. Investors have numerous options when choosing automated trading platforms if Bitsoft360 doesn’t meet their criteria.
To minimize losses, investors can adopt a conservative strategy and only risk the amount they can lose. Perhaps, that may be the minimum amount that needs to be deposited.
Bitsoft360 Minimum Deposit
The minimum deposit required to start taking advantage of automated trading on Bitsoft360 is $250. Traders have several payment options to fund their accounts, including Visa, Mastercard and GPay.
Bitsoft360 Customer Support
Investors can contact Bitsoft360’s customer support 24/7. Support is available in multiple languages, and a contact form is the only option to submit a query. Our review team couldn’t ascertain how long Bitsoft360 takes to respond to queries as its customer service is reserved for registered users that make a deposit, and no Bitsoft360 free trial is available at present.
How to Use Bitsoft360 – Tutorial
Here’s a quick tutorial about how to start using Bitsoft360.
Step 1: Open an Account
Visit Bitsoft360’s website and fill in the form to open an account.
Step 2: Fund the Account
Investors need to transfer a minimum of $250 via bank transfer or credit cards to start using the platform.
Step3: Trade
Bitsoft360 enables investors to set their personal parameters. The algorithm will scan the market according to the desired parameters and open trades if investors have activated the automated mode.
The Verdict
Whether opting for crypto signals or automated trading platforms, investors need to do their own research to determine that a platform is legit. Many crypto trading bots or ‘robo advisors’ are scams and as an industry the automated trading niche is unregulated.
Bitsoft360 is one of the newer cryptocurrency and Bitcoin trading bot tools online, tapping into the popularity of scalping and day trading the round-the-clock crypto markets.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
FAQ
What is Bitsoft360?
Is Bitsoft360 legitimate?
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Is Bitsoft360 safe?
This article was written for Business 2 Community by Michael Graw.
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