December 6, 2022

BitSoft360 Review

Here's everything you need to know about Bitsoft360

4.6
  • An account requires a minimum deposit
  • The user interface is easy to navigate
  • Users don't face additional charges
  • There are several tools for manipulating data for insight
Pros & Cons
  • The platform is easy to navigate
  • It supports more than 100 cryptocurrencies on the market
  • There is a demo trading account to help beginners and experts practice
  • Deposits and withdrawals are executed quickly
  • Users don't have to pay to create an account
  • There are no hidden fees on the platform
  • Market data is presented in a simplified form to users
  • There is no dedicated customer service for users who encounter issues
  • The platform is only available in the desktop version
  • Users don't have the option to trade unless they make a minimum deposit

You are living under a rock if you have still not heard anything about cryptocurrencies and the new opportunities they offer. Everyone is getting into a frenzy about the domain, but what do they actually know about it? Do crypto traders understand the market they are in or have they just followed others into it as the new gold rush?

Digital currencies are changing the financial aspects of technology. People can now exchange fiat for cryptocurrencies and undertake trades on a common digital platform. 

The lack of a regulatory body and peer review system makes it even more appealing to users.

With emerging technology comes tools to simplify some of the processes for the average Joe. Digital currency trading platforms allow users to perform otherwise complex blockchain transactions with a few clicks and taps on mobile applications and web platforms.

BitSoft360 is an example of such a platform that allows users to transform their fiat currencies into digital currencies and vice versa.

This BitSoft360 Review explores how the platform improves your ability to develop efficient trading strategies by providing you with market data and insight.

What Is BitSoft360

BitSoft360 enables cryptocurrency traders to carry out digital currency exchange on a peer-to-peer basis. These transactions don’t require any government interference or regulatory body. Blockchain technology carries out the recording and validation of crypto trades perfectly.

Overview of BitSoft360

BitSoft360 currently supports about 100 out of the possible 12,000 cryptocurrencies available on the market. Here are a few of them:

  • Bitcoin (BTC)
  • Cardano (ADA)
  • Solana (SOL)
  • Stellar Lumens (XLM)
  • Ethereum (ETH)
  • Polkadot (DOT)
  • Litecoin (LTC)
  • Polygon (MATIC)
  • Dogecoin (DOGE)
  • Dash (DASH)
  • Bitcoin Cash (BCH)

The coins listed represent just a fraction of those supported on BitSoft360. Creators of the platform have hinted at increasing the number of supported coins soon.

Features of BitSoft360

BitSoft360 is an excellent platform for expert traders and beginners. Here are some features that make it outstanding among other crypto trading platforms.

Ease of Registration

Registration on the platform is direct. Others complicate the user validation process, which takes almost 48 hours to complete. BitSoft360 requires just your email address and password for you to create an account. Verification is eased into other processes while the user explores the platform.

Deposits and Withdrawals

It takes less than 48 hours for deposits and transactions on the platform to reflect after a request. This enables users to move funds quickly and without stress. 

Also, they can easily fund their wallets to prevent a delay in their trading activities due to a lack of funds.

No Registration Fees

You don’t have to pay anything before creating an account on BitSoft360. Several other crypto trading platforms require that users pay before they can register.

Most of these also present the users with fees they never mention until the account has been created. BitSoft360 makes users aware of all charges on the platform before they sign up.

Demo Trading

After signing up, new users will end up losing a lot of money on the crypto market if they immediately start trading. These users should get familiar with the platform and the trading concepts before trying anything with their funds. This is why BitSoft360 has a demo trading account for trading practice.

Demo trading also helps experts test their new ideas before applying them in an actual trade. They can optimize strategies on market data before implementation. This helps them minimize risks as much as possible when using their funds.

Security

BitSoft360 is a secure platform for digital currency trading with no record of losing funds since its creation.

Funds on BitSoft360 are kept in cold wallets to provide an extra layer of security for your funds. Hackers can’t reach them if they are stored offline.

The two-factor authentication (2FA) system for BitSoft360 makes access to a user’s password insufficient for gaining access to their account.

How to Sign Up

It takes less than three steps to sign up on BitSoft360.

Visit the BitSoft360 website and open the sign-up or registration link. 

Fill out the form that pops up with your email address and account password. Ensure this password is strong enough by including numbers, special characters, and capitalized alphabets.

Click on the link you receive in your email to verify that you are a human and not a bot.

A recommended broker or accounts manager will contact you immediately after you finish signing up on BitSoft360. These experts offer to trade on your behalf for a commission on your profits. 

This option is usually great for beginners still getting used to the domain.

How to Use BitSoft360

BitSoft360 allows you to start trading immediately after signing up.

The activities below describe how you can BitSoft360 for trading.

Fund Your Wallet

You need a minimum deposit in your wallet before you trade on BitSoft360.

Users can deposit more if they want, but it is advisable to trade in small amounts when you start. Get familiar with the system first before committing lump sums in a trade.

Deposits take less than 48 hours to reflect after a user account transfer. 

BitSoft360 completes this process quickly so users can trade without delay.

Set Your Market Position

You need strategies and limitations to help you minimize risks while trading. This is known as setting your market position on BitSoft360.

In this process, you decide when you want to receive profits, stop losses, and other factors necessary to manage your spending. 

Doing this helps prevent you from incurring heavy losses when a trade fails. You can easily set these on the BitSoft360 dashboard.

Trade

All the best trading on BitSoft360 after you set your parameters. If you use a recommended broker, they will take over from here. These professionals will make decisions according to the market positions you specify on the dashboard.

Frequently Asked Questions - FAQs

What Is the Difference Between a Centralized Exchange and De-Centralized Exchange?

Assets of crypto traders can be controlled by one entity or traders themselves. The idea of the former is a company that acts as a middleman between crypto traders to give assurances and set general exchange prices.

Most trading platforms such as BitSoft360 are centralized exchanges. Therefore, users can change fiat to crypto and vice versa on such platforms with or without a buyer. This is not possible in a decentralized exchange.

What Is a Cryptocurrency Wallet?

Crypto wallets technically don’t store your digital currency. These are on the blockchain and are accessed with a private key. This is what is stored in the wallet. They exist in different forms, but mainly hot and cold.

A hot wallet is an online storage unit where your key is kept. Cold wallets are kept in offline units such as on a desktop. Funds that are protected with cold wallets are more difficult to hack.

How Do I Deposit Money in my BitSoft360 Wallet?

BitSoft360 allows you to deposit money into your account wallet using PayPal or cards. The card can be a Mastercard or Visa card.

Creators of the platform claim that direct bank transfers will soon be included.

Users should note that charges after a deposit are not from the platform but from banks. Settling misunderstandings about these charges is between the user and the bank, not BitSoft360.

How Does BitSoft360 Make Money?

BitSoft360 believes it should only get money when investors make successful trades on the platform. The current rate is 1% of whatever profits a user makes trading.

Conclusion

BitSoft360 empowers the crypto investor to make the best trading decisions from the insights they receive. The platform sheds light on the market situation so users know what they are doing at any point.