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’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|
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.
Who Owns Bitsoft360?
Bitsoft360 is owned by a group of professional former traders and software developers, with long experience in the industry – although they are anonymous.
Investors should be aware of Facebook and Reddit scam ads that have connected high-profile and high-net-worth individuals to Bitsoft360 and other trading robots. During the course of our review we found no evidence that the likes of Elon Musk, Jeff Bezos or Martin Lewis have any connection to Bitsoft360 or endorse it.
Bitsoft360 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.
On What Devices Can I Use Bitsoft360?
Bitsoft360 is available to use on any device that has an internet connection and a web browser – including Android and iOS, a desktop or laptop, or tablet.
However, Bitsoft360 has no dedicated mobile app.
Which Exchanges and Brokers is Bitsoft360 Partnered With?
Bitsoft360 uses a variety of partners and brokers but we were unable to verify exactly which as they differ for each user.
However, the platform only partners with brokers licensed with CySEC (Cyprus) to ensure legality, legitimacy and trust – and information is protected by an SSL certificate.
Can I use Bitsoft360 in My Country?
Bitsoft360 is widely around the world, although it is notably excluded from the USA as CFD trading is not allowed.
See below for a select list of availability:
|Is Bitsoft360 available in the USA?||No|
|Is Bitsoft360 available in the UK?||Yes|
|Is Bitsoft360 available in Australia?||Yes|
|Is Bitsoft360 available in Canada?||Yes|
|Is Bitsoft360 available in France/Germany/Italy/Spain?||Yes|
|Is Bitsoft360 available in Singapore?||Yes|
|Is Bitsoft360 available in South Africa?||Yes|
|Is Bitsoft360 available in Mexico?||Yes|
|Is Bitsoft360 available in Nigeria?||Yes|
How Much Profit can be Made from Bitsoft360?
Bitsoft360 claims to have a win rate of 90% – although we were unable to fully verify those claims.
It is certainly possible to make large gains trading crypto, or any financial instrument, but trading is inherently risky and losing trades are inevitable.
Bitsoft360 users should consistently monitor the performance of the robot, as well as develop their own knowledge on trading strategy and analysis.
Furthermore, beginners should only invest what they can afford to lose – and be mindful that profits on trading are taxable in many countries.
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.
For a trading platform to be popular, it has to provide traders with results. Bitsoft360 claims that it has a high accuracy, with a win rate 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.
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.
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.
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.
|Account opening fee||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.
We were unable to verify its claims of a 90% win rate, although that is relatively in line with other robots, which have win rates between 85-95%.
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.
For this review, we searched social media sites such as Twitter, Reddit and Facebook to find peer reviews from actual users.
Twitter and Reddit contain mostly neutral posts, but users should certainly be aware of scam Facebook ads from bots that use recycled imagery claiming BitSoft360 is endorsed by celebrities such as Elon Musk or Martin Lewis.
TrustPilot also has a 3.5-star rating for Bitsoft360 – although the reviews are polarizing with reviews either 5-star or 1-star.
It’s important for investors to research what Bitsoft360 offers and the results it can provide for themselves.
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.
Bitcoin 360 Ai Celebrity Endorsements
Scam adverts on social media sites such as Facebook, Reddit and Twitter that have been produced by bots and run by scammers have linked several notable celebrities to Bitsoft360.
However, our research found no evidence connecting any of them to Bitsoft360.
Does Tesla and Elon Musk Endorse Bitsoft360?
No. We found no evidence that billionaire Elon Musk endorses or is connected to Bitsoft360.
Does Jeff Bezos and Amazon Endorse Bitsoft60?
We found no connection between billionaire Jeff Bezos or his company, Amazon, and Bitsoft360.
Does the BBC Endorse Bitsoft360?
We could find no evidence or examples of Bitsoft360 ever appearing on any BBC TV show.
Does Martin Lewis Endorse Bitsoft360?
British TV presenter and financial Martin Lewis does not endorse Bitsoft360, according to our research.
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 Withdraw Money from Bitsoft360?
Bitsoft360 does not hold any of its users funds, they are instead held with the partnered broker’s platform.
To withdraw funds, users will have to:
- Log in to the broker account
- Find the wallet section
- Enter the amount to withdraw
- Start the withdrawal process
- The transaction should take up to 24 hours to complete
Partnered brokers will not pay out in crypto but fiat – there should be no fees attached.
How to Delete Bitsoft360 Account?
To delete an account, simply head to either the Bitsoft360 platform or the broker platform and follow the instructions under the settings menu.
Latest Bitcoin News
It is always worth keeping up-to-date with the latest news in the ever-changing world of crypto. Here are some of the top headlines from the week ending February 5, 2023:
- Crypto-friendly bank Silvergate is coming under increased scrutiny for its role in the multi-billion-dollar collapse of FTX.
- The share price of crypo exchange Coinbase jumped by 26% after a federal judge in New York dismissed a class action lawsuit.
- Bitcoin (BTC) shrugged off more rate-hikes from the US Federal Reserve to reach its highest price in six months, briefly moving above $24,000.
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.