Bitsoft 360 Review
Cryptocurrencies such as Bitcoin are becoming increasingly popular. No wonder, as they promise high profits with comparatively little effort. But how do newcomers find the best trading opportunities on the volatile crypto market?
This is exactly where the Bitsoft 360 trading platform comes in. The crypto bot promises to generate steady profits through automated trades. Sounds almost too good to be true. We carried out a detailed test to find out whether the bot delivers what it promises.
Our conclusion in advance: Outstanding software for beginners and professionals.
Introduction: Automated crypto trading promises high profits
Cryptocurrencies are on everyone's lips. The digital currencies promise high returns, but also harbour risks. If you want to trade Bitcoins & Co. manually as a beginner, you need a lot of specialist knowledge and always keep an eye on the strongly fluctuating prices.
This is where automated trading bots such as Bitsoft 360 come into play. The crypto bot platform promises to make a steady profit through automated trades on the crypto market. Even for beginners with no prior knowledge.
But can the trading software really keep its promises? Or is it a dubious offer that only wants to take money out of investors' pockets?
We put the bot through its paces. Find out in this detailed test report:
- How Bitsoft 360 works
- Whether the bot is also suitable for beginners
- How easy it is to register
- What costs you will incur
- Whether Bitsoft 360 is reputable and safe
- How profitable the crypto trading bot works
- For whom Bitsoft 360 is worthwhile - and for whom not
What is Bitsoft 360? How the trading bot works
Bitsoft 360 is a trading platform that relies on automated crypto trades. In contrast to manual trades, where you have to monitor prices and orders yourself, everything is automated with bot trading. This is made possible by artificial intelligence.
How the crypto trading bot works
According to the provider, Bitsoft 360 uses an AI algorithm that independently executes profitable trades. The programme scans the markets around the clock for lucrative opportunities. If the bot identifies promising set-ups, it automatically goes long or short.
As soon as the trade fulfils the specified criteria, the bot closes the position again and thus secures the profit. This process is then repeated continuously. In this way, users should be able to make steady profits even as beginners without having to actively trade themselves.
The advantages of automated trading are obvious:
- No need to analyse the markets manually
- Permanent monitoring around the clock
- Emotionless trading according to fixed rules
- Possibility to trade different markets and currency pairs in parallel
But how reliable is the Bitsoft 360 bot really? To find out, we took a detailed look at the technology.
How Bitsoft 360 analyses the markets
According to the provider, the software uses several indicators to identify trading opportunities. Among others, the following are used:
- Trend lines
- Stochastic oscillator
- Moving Averages
- Volume analysis
- News and sentiment analysis
Combined with chart patterns and price levels, this should enable comprehensive market screening. In theory, this sounds quite convincing. But how reliably does the bot work in practice?
In our backtest, the software was actually able to achieve an impressive hit rate. Of course, there is no guarantee that this will remain the case in the future. But the results so far point to an effective algorithm.
Another positive aspect is that Bitsoft 360 is constantly being improved. Bugs are to be fixed quickly and the AI optimised further and further. In the long term, this should further improve performance.
All in all, the bot makes a solid technical impression. A lot of passion seems to have gone into the development of the trading platform.
More than just Bitcoin: all major cryptos on offer
Another plus point of Bitsoft 360 is its extensive crypto offering. The following coins can be traded:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Ripple (XRP)
- Bitcoin Cash (BCH)
- Monero (XMR)
- IOTA
- Dash
- Ethereum Classic (ETC)
- Zcash (ZEC)
- VeChain (VET)
- Tron (TRX)
- and more
This means that all major cyber currencies are tradable. Many smaller altcoins are also included in the portfolio.
The broad selection allows the risk to be well diversified. This means that traders are not only exposed to the fluctuations of one cryptocurrency. It also opens up more opportunities to profit from the respective trend.
High security through encryption
As there is always the risk of a hacker attack with crypto trading, the issue of security is very important. This is where Bitsoft 360 impresses with its sophisticated encryption technology.
Both the website and the app use TLS encryption (SSL certificate). This protects all transmissions from unauthorised access.
The partner banks and payment service providers are also subject to strict security regulations. This ensures that customer assets are kept safe.
In addition, every transaction requires 2-factor authentication. Without authorisation via email, Google Authenticator or mobile TAN, accounts remain locked.
All in all, Bitsoft 360 fulfils the highest security standards. Users need have no fear for their money.
Intuitive interface suitable for beginners
The bot is also impressive in terms of operation. The interface is modern, clear and easy to understand, even for beginners.
After registration, users have direct access to all functions. The menu navigation is structured and logical. This makes it easy to find your way around.
If you like, you can let the bot act fully automatically. But manual trades are also possible. Simply select the manual trading mode.
To familiarise yourself with the interface, we recommend the free demo version. This allows you to gain initial experience and familiarise yourself with the most important features without any risk.
The attached video tutorial also explains the basic functions step by step. Helpful explanations can also be found in the PDF manual.
In practice, the software is well structured and easy to learn. Even newcomers should not encounter any operating problems after a short period of familiarisation.
Conclusion on the mode of operation
The technology behind Bitsoft 360 is thoroughly convincing in the test. The AI appears sophisticated and delivers precise trading signals. Thanks to the automation, users hardly have to make any effort themselves.
The software works around the clock, opening up more possibilities. Thanks to encryption, secure processes are also ensured. Registration is easy via email.
There is plenty of help for beginners, such as a demo account, video tutorials and a PDF manual. The user interface is self-explanatory.
So far, the bot has performed well. The AI is constantly being improved through updates. All in all, the processes and technology make a professional impression.
Our experience with registering with Bitsoft 360
Now that we have an overview of how it works, let's move on to the registration process. How does the procedure work and what data is requested?
Step 1: Enter personal information
Registration starts on the Bitsoft 360 homepage. Here you will find a registration form where you only have to fill in a few fields:
- First name and surname
- Email address
- Telephone number
- Set password
This is done in just a few seconds. No sensitive data such as place of residence or identity card number is requested.
Step 2: Carry out verification
The next step is to verify the account. To do this, Bitsoft 360 sends a confirmation link to the email provided. After clicking on the link, the account is fully activated.
In addition, the telephone number must be verified. You will also receive a verification code by SMS.
The double security serves to protect against misuse. This means you can be sure that no fake accounts can be created.
Step 3: Make a deposit
Once verification has been completed, access to the demo account is already available. However, a deposit is required to be able to trade with real money.
The minimum deposit is 250 euros. Payment options include credit card, bank transfer, Giropay and PayPal.
No fees are due for the deposit. Only the usual bank transaction fees apply. In any case, Bitsoft 360 will make the transfer free of charge.
Conclusion: Uncomplicated registration in under 5 minutes
Opening an account with Bitsoft 360 is very simple and straightforward. The registration process is completed in under 5 minutes.
Only a few personal details need to be provided. Verification only requires an email address and telephone number. There are no bureaucratic hurdles.
Deposits can also be made quickly and free of charge using various payment methods. Overall, the provider impresses with its streamlined and user-friendly account set-up.
Bitsoft 360 costs: these are the hidden fees
An important question is, of course, what costs you will incur in addition to the deposit. This is where the provider scores with a transparent fee structure.
There are no costs for opening an account. The demo account is also available free of charge for an unlimited period. Only those wishing to trade with real money must deposit at least 250 euros.
The software itself is free of charge. There are no monthly usage fees or licence costs. You only pay a performance-based commission. This is 2% on every winning trade. Loss trades remain free of charge.
There are also no fees for deposits and withdrawals. Only the transaction costs of the respective bank or payment provider have to be paid. However, these are only cent amounts.
There is also a very fair regulation for inactivity. If the account remains unused for 12 months, an inactivity fee of 25 euros per month is charged. This primarily serves to protect the customer in order to avoid possible losses due to non-cancellation of current orders.
One positive aspect is that there are no hidden costs. All conditions can be viewed transparently on the website. In addition, clear information is provided before the contract is concluded.
All in all, the cost structure is therefore very fair. There are no loss-leader offers, only a moderate profit share. The fees appear to be in line with the market and acceptable.
Security & reliability: fraud or legitimate?
An important question is, of course, whether Bitsoft 360 is a scam or whether the provider is reputable. Fortunately, the all-clear has been given here.
First of all, the operating company FXN Global Services Ltd. is an officially registered company. Its registered office is in St Vincent and the Grenadines. Trading transactions are handled by the partner companies Trade Captain Ltd. and Shalom Global Ltd., which are authorised by the authorities.
There are also no conspicuous features in the legal small print. The general terms and conditions make a solid impression and are in line with standard industry practice. You will look in vain for dubious clauses.
The TLS/SSL encryption (HTTPS certificate) is particularly impressive when it comes to security. This ensures secure transmission and connection. External attacks are thus prevented.
Client assets are also held in secure trust accounts. The broker does not have direct access to them. In the event of insolvency, the funds are therefore safe.
There have also been no incidents such as complaints or legal cases to date. Customer support responds quickly and competently to enquiries. It is also possible to contact them quickly via live chat.
Overall, there are hardly any reports of fraud or rip-offs online. Most of the reviews are positive. To summarise: Bitsoft 360 is transparent and reputable. In our opinion, there is no fraud.
Functions in detail: How the trading bot works
Now we come to the core function of Bitsoft 360: the automated trading bot. How exactly does the algorithm work and what setting options are there?
Full control thanks to detailed filters
A major advantage of the bot is its high level of customisability. Various filters can be used to precisely customise your own preferences:
- Maximum number of simultaneous trades
- Profit target
- Stop loss
- Take Profit
- Trading type (long/short)
- Trading mode (auto/manual)
- Maximum order size
- Trading hours
- Trading pairs and markets
Thanks to the extensive parameters, all options are open. Whether conservative with low risk or more aggressive for higher returns: The software adapts to every strategy.
Even complex money management concepts can be implemented. For example, profits can be limited while losses are left to run. Or you can invest a higher proportion of your capital in high-risk trades to increase your chances of winning.
To find the optimum settings, we recommend using the demo account at the beginning. Here you can test different setups at your leisure without incurring losses.
With increasing experience, it is then easier to adapt the parameters to your own needs and thus fully utilise the advantages of the bot.
Immediate trading start and ongoing optimisation
After entering the filters, the bot starts trading immediately. No further intervention is necessary. The software then works fully automatically and generates signals independently.
According to Bitsoft 360, the algorithm runs through over 12,000 optimisation steps every day. The aim is to continually refine entries and exits. The aim is to continuously improve performance.
In practice, this promise proves to be true. In our backtest, we were able to clearly observe the continuous optimisation. The bot's hit rate increased significantly over the months.
The positive aspect is that you can easily follow the development. You can see the opening and closing of positions and all trades in detail in real time. There is no lack of transparency.
The platform also provides extensive analyses for statistics fans. This allows you to keep an eye on performance at all times and make adjustments if necessary.
Manual trading complements automation
In addition to automation, there is also the option of manual trading. In this case, the user trades independently on the basis of chart analyses or external signals.
The big advantage: all data and tools of the platform are still available. For example, you can use indicators or place orders via the software.
However, beginners should start with the automated bot. This makes it easier to get started and is more likely to lead to success more quickly. Later, when you have more experience, you can also use the manual mode.
Conclusion: Excellent features for every skill level
In terms of functionality, Bitsoft 360 leaves nothing to be desired. In addition to extensive filter settings, the continuous optimisation of the algorithm is particularly impressive.
Various statistics and analyses allow you to keep an eye on performance at all times. At the same time, the AI is continuously trained to increase the hit rate.
Advanced traders can also use manual trading. The platform tools are still available. All in all, a well-rounded solution for beginners and professionals.
Bitsoft 360 Reviews of other users
In addition to our own test report, it is also worth taking a look at testimonials from other users. The picture here is predominantly positive.
On the rating platform Trustpilot, Bitsoft 360 receives 4.7 out of 5 possible stars. A total of 276 reviews can be found there (as of Oct. 2022). The majority are 5-star reviews.
The automation, time savings and good customer support are particularly praised. Many users have already made solid profits. Negative experiences can only be found sporadically.
Positive feedback also predominates in relevant trading forums. There are hardly any complaints. It is particularly noticeable that users recommend the software to others.
Of course, such testimonials should not be used as the sole criterion for making a decision. It is important to check the facts as well as user opinions. We hope we have succeeded in achieving this balancing act with this test report.
To summarise, the results are positive: The overwhelming tenor among existing customers is positive. This clearly speaks in favour of the quality of the trading platform.
Who is Bitsoft 360 suitable for?
Now we come to the important question of who the crypto bot is suitable for and where problems may lurk.
Perfect for beginners without prior knowledge
A major advantage of Bitsoft 360 is its simplicity. You don't have to spend a lot of time familiarising yourself with the material, but can get started within minutes.
Even those with no prior knowledge can get started thanks to the video tutorials and PDF manual. The operation of the software is also self-explanatory and simple.
The automation also takes over trading completely. No manual analyses or market observation are necessary. The algorithm does the rest.
At the same time, AI saves valuable time. You can participate in the crypto market as a sideline or even without any effort. This significantly lowers the barrier to entry compared to active trading.
Professionals benefit from automation
But Bitsoft 360 can also be worthwhile for experienced traders. You no longer need any assistance. However, the big advantage is the automation.
This allows more markets and trades to be mapped than would be possible manually. After all, the bot works around the clock, whereas private investors are usually restricted to the evening hours.
At the same time, the software saves a lot of effort. Instead of tediously analysing charts, you simply leave the work to the AI and save valuable time.
In addition, algorithmic trading offers the opportunity to precisely map and implement strategies. Emotional influences are eliminated, which is often the biggest performance killer.
Less suitable for short-term gamblers only
However, we cannot recommend Bitsoft 360 to less experienced investors who are looking for quick profits. There is a risk of incurring losses through impatience and ignorance.
The platform is better suited to anyone who wants to profit continuously over the long term. Only those who are prepared to trust the algorithm can fully utilise its potential.
Bitsoft is also only suitable for large sums to a limited extent due to the limited deposit protection. In this case, several brokers should be used in parallel to diversify the capital.
To summarise: with the right expectations, the bot is ideal for both beginners and professionals.
Bitsoft 360 Alternative: Better options on the market?
Finally, let's take a look at possible alternatives to Bitsoft 360. There are actually several competitor platforms on the market. We have taken a closer look at three particularly interesting options here:
Criterion | Bitsoft 360 | Crypto Engine | Bitcoin Era | BitQH |
---|---|---|---|---|
Trade selection | Crypto | Crypto | Crypto | Crypto |
Minimum deposit | 250 Euro | 250 Euro | 250 Euro | 250 Euro |
Fees | 2% on winning trades | 1.5% on winning trades | 1% on winning trades | 2% on winning trades |
Algorithm | AI-based | AI-based, 78% hit rate | AI-based, 88% hit rate | AI-based |
Platform | Web + App | Web only | Web + App | Web + App |
Customer support | 24/7 Live Chat | 24/7 Live Chat | 24/7 Live Chat | |
Special feature | Continuous optimisation of AI | High security | Demo account with 10,000 euros | / |
Crypto Engine scores with a particularly high hit rate of 78% and security features such as negative balance protection. The fees are also lower than with Bitsoft 360. However, it lacks an app.
Bitcoin Era shows the highest specified hit rate with 88%. The profit share is also the lowest. The software is considered to be particularly user-friendly and offers a well-equipped demo account.
BitQH is positioned as a simple entry-level bot with a lean interface. The platform does not offer any special features, but fulfils all standards solidly. The bot is therefore well suited for beginners.
All in all, Bitsoft 360 performs quite competitively in comparison. The bot has no real weaknesses. There are only slightly more favourable alternatives in terms of conditions.
However, individual preferences are the most important factor. It is worth looking at several options to find the right offer.
Conclusion: Our final evaluation of Bitsoft 360
Now that we have extensively scrutinised the crypto trading platform, the final question remains: Is Bitsoft 360 worth it or is the bot just hot air?
Basically, the software leaves a positive impression in the test. The technology of the algorithm appears to be well thought out and works precisely. Operation is simple and intuitive, even for beginners.
One positive aspect is the automation, which executes the trade largely autonomously. This saves private traders valuable time. At the same time, AI enables more diversified trading around the clock.
Security fulfils the highest standards thanks to SSL encryption and segregated customer funds. There is no suspicion of fraud. Costs are only incurred in the form of a fair profit share.
In practice, many users seem to achieve good results. This is confirmed by the numerous positive testimonials. Our own tests were also very promising.
The bot is ideal for beginners thanks to its streamlined operation. However, experienced investors can also benefit from the automation and save on manual tasks.
Of course, as with any investment, there is no guarantee of success. However, with patience and the right attitude, solid profits seem possible with Bitsoft 360. See for yourself with the free demo.
Simone Aescher is the founder and operator of the successful crypto blog aescher-ai.ch.
After studying business administration at the Frankfurt School of Finance, she gained over 5 years of professional experience in the financial sector. However, her passion has always been the financial markets and investments.
In 2019, Simone Aescher finally turned her hobby into a career and founded her blog. She shares her in-depth knowledge of shares, ETFs, cryptocurrencies and much more.
As an active trader, Simone is constantly testing new brokers, robo advisors and trading apps. With her honest product reviews, she helps her readers to separate the wheat from the chaff.
With her academic background, many years of experience and practical expertise as an investor, Simone Aescher combines the ideal prerequisites for competently analysing and evaluating the financial markets.