Bitsoft 360 Review – Is it Scam? – CFDs and Real Cryptos

Cryptocurrency trading has gained immense popularity in recent years, with more and more individuals and institutions looking to invest in this digital asset class. As the demand for cryptocurrency trading platforms increases, new platforms are emerging to cater to the needs of traders. One such platform is Bitsoft 360, which promises a comprehensive trading experience for both CFDs and real cryptocurrencies. In this review, we will take an in-depth look at Bitsoft 360 and analyze its features, benefits, and drawbacks to determine whether it is a reliable platform for cryptocurrency trading.

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I. Introduction

Overview of Bitsoft 360 and its services

Bitsoft 360 is an online trading platform that allows users to trade a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and many more. The platform offers two types of trading options: Contract for Difference (CFD) trading and real cryptocurrency trading. CFD trading allows users to speculate on the price movements of cryptocurrencies without actually owning the underlying assets, while real cryptocurrency trading involves buying and selling actual cryptocurrencies.

Brief explanation of CFDs and real cryptocurrencies

CFDs, or Contracts for Difference, are derivative products that allow traders to speculate on the price movements of an underlying asset without actually owning it. In the case of Bitsoft 360, CFD trading allows users to trade cryptocurrencies without having to own the actual coins. Instead, traders enter into a contract with Bitsoft 360, where they agree to exchange the difference in the price of a cryptocurrency between the time the contract is opened and closed.

On the other hand, real cryptocurrency trading involves buying and selling actual cryptocurrencies. When trading real cryptocurrencies on Bitsoft 360, users own the coins and can transfer them to their personal wallets or other platforms.

II. What is Bitsoft 360?

Background and history of Bitsoft 360

Bitsoft 360 was founded in 2018 by a team of experienced traders and technologists with a mission to provide a user-friendly and secure platform for cryptocurrency trading. The platform gained popularity quickly due to its comprehensive range of trading options, competitive fees, and advanced trading tools.

Description of Bitsoft 360's platform and features

Bitsoft 360 offers a web-based trading platform that is accessible from any device with an internet connection. The platform provides a user-friendly interface that is suitable for both beginner and experienced traders. Some of the key features of Bitsoft 360's platform include:

• Advanced charting tools: Bitsoft 360 provides a wide range of technical indicators and charting tools to help users analyze the price movements of cryptocurrencies and make informed trading decisions.

• Order types: The platform supports various order types, including market orders, limit orders, and stop orders. This allows users to execute trades based on their specific trading strategies.

• Risk management tools: Bitsoft 360 offers risk management tools, such as stop-loss orders and take-profit orders, to help users manage their risk exposure and protect their trading capital.

• Real-time market data: The platform provides real-time market data, including price quotes and market depth, to ensure that users have access to the most up-to-date information for their trading decisions.

• Mobile trading: Bitsoft 360 is also available as a mobile app for both iOS and Android devices, allowing users to trade on the go and stay connected to the markets at all times.

III. How does Bitsoft 360 work?

Explanation of the trading process on Bitsoft 360

The trading process on Bitsoft 360 is straightforward and user-friendly. Here is a step-by-step guide on how to trade on the platform:

1. Sign up for an account: To get started, users need to sign up for an account on the Bitsoft 360 website. The registration process is quick and easy, requiring only basic personal information.

2. Fund your account: Once the account is created, users can fund their account by depositing funds using various payment methods, such as credit cards, bank transfers, or cryptocurrencies.

3. Choose a trading option: Bitsoft 360 offers two types of trading options: CFD trading and real cryptocurrency trading. Users can choose the option that best suits their trading preferences and risk appetite.

4. Select a cryptocurrency: After selecting the trading option, users can choose the cryptocurrency they wish to trade. Bitsoft 360 offers a wide range of cryptocurrencies to choose from.

5. Place a trade: Once the cryptocurrency is selected, users can enter the trade details, including the trade size, leverage (for CFD trading), and order type. Users can also set stop-loss and take-profit levels to manage their risk.

6. Monitor and manage trades: After the trade is executed, users can monitor the progress of their trades on the platform. They can also adjust their trades or close them at any time, depending on the market conditions and their trading strategies.

Overview of the trading tools and indicators available on the platform

Bitsoft 360 provides a comprehensive set of trading tools and indicators to help users make informed trading decisions. Some of the key tools and indicators available on the platform include:

• Technical indicators: Bitsoft 360 offers a wide range of technical indicators, such as moving averages, Bollinger Bands, and RSI, to help users analyze the price movements of cryptocurrencies and identify potential trading opportunities.

• Charting tools: The platform provides advanced charting tools, including candlestick charts, line charts, and bar charts, to visualize the price movements of cryptocurrencies over different timeframes.

• Economic calendar: Bitsoft 360 offers an economic calendar that provides users with important economic events and news releases that can impact the cryptocurrency markets. This allows users to stay informed and make trading decisions based on market fundamentals.

• Trading signals: Bitsoft 360 also offers trading signals, which are generated by professional traders or algorithms, to help users identify potential trading opportunities. Users can choose to follow these signals or use them as a reference for their own trading strategies.

IV. Is Bitsoft 360 a scam?

Addressing common concerns and allegations of scam

There have been concerns and allegations about the legitimacy of Bitsoft 360, with some users questioning whether the platform is a scam. It is important to address these concerns and allegations and analyze the legitimacy and reputation of Bitsoft 360.

One of the common concerns is the lack of regulation. Bitsoft 360 is not regulated by any financial authority, which can raise concerns about the safety of users' funds and the transparency of the trading process. However, it is worth noting that not all cryptocurrency trading platforms are regulated, as the cryptocurrency industry is still relatively new and regulations are still being developed.

Another concern is the high leverage offered by Bitsoft 360 for CFD trading. High leverage can amplify both profits and losses, and inexperienced traders may be at risk of losing their entire investment. It is important for users to understand the risks associated with high leverage and use it responsibly.

Analysis of the legitimacy and reputation of Bitsoft 360

Despite the concerns and allegations, Bitsoft 360 has gained a positive reputation among its users. The platform has been praised for its user-friendly interface, competitive fees, and wide range of trading options. Many users have reported positive experiences with Bitsoft 360, stating that the platform is reliable and provides a seamless trading experience.

While Bitsoft 360 may not be regulated, the platform takes security seriously. It employs industry-standard security measures, such as two-factor authentication and encryption, to protect users' funds and personal information. The platform also conducts regular security audits to ensure the integrity of its systems.

In conclusion, while Bitsoft 360 may not be regulated, it has gained a positive reputation among its users and has implemented robust security measures to protect users' funds. However, it is important for users to conduct their own research and exercise caution when trading on any platform.

V. Benefits of using Bitsoft 360

Advantages of trading CFDs and real cryptocurrencies on Bitsoft 360

There are several benefits to using Bitsoft 360 for trading CFDs and real cryptocurrencies:

1. Wide range of cryptocurrencies: Bitsoft 360 offers a comprehensive selection of cryptocurrencies to trade, allowing users to diversify their portfolios and take advantage of potential opportunities in the cryptocurrency market.

2. User-friendly interface: The platform provides a user-friendly interface that is suitable for both beginner and experienced traders. The intuitive design and easy navigation make it easy for users to execute trades and access the platform's features.

3. Advanced trading tools: Bitsoft 360 offers a wide range of advanced trading tools and indicators to help users analyze the markets and make informed trading decisions. These tools can be especially beneficial for experienced traders who rely on technical analysis.

4. Competitive fees: Bitsoft 360 offers competitive fees and low spreads, making it cost-effective for users to trade cryptocurrencies. The platform also does not charge any deposit or withdrawal fees, reducing the overall trading costs for users.

5. Mobile trading: Bitsoft 360 is available as a mobile app, allowing users to trade on the go and stay connected to the markets at all times. The mobile app provides the same features and functionality as the web-based platform, ensuring a seamless trading experience.

Overview of the features that set Bitsoft 360 apart from competitors

Bitsoft 360 has several features that set it apart from its competitors:

1. Comprehensive range of trading options: Bitsoft 360 offers both CFD trading and real cryptocurrency trading, providing users with the flexibility to choose the option that best suits their trading preferences and risk appetite.

2. Advanced trading tools and indicators: The platform provides a wide range of advanced trading tools and indicators, giving users the ability to perform technical analysis and make informed trading decisions.

3. Competitive fees and low spreads