Crypto Soft review – Is it a scam or not? Real test of the robot
(4 / 5)
The cryptocurrency had taken the world by storm when prices of major, minor, and even meme coins skyrocketed to unheard-of levels. These have made thousands of adopters into millionaires seemingly overnight because of the speed of the growth of this asset class.
Even though the primary beneficiaries of this rise in price were professional, veteran, and institutional traders, a lot of investors from different walks of life have ridden on this opportunity and are now reaping its benefits. With that said, it’s not too late to start investing in cryptocurrencies now because there is a way to earn passively from this chance of a lifetime.
Crypto Soft allows clients that don’t have experience or knowledge in trading or investing to earn money by just entrusting their funds to Cryptosoft’s state-of-the-art trading robot. This article will guide you on how to use Cryptosoft, and you will read here exclusive tips and tricks that would even amplify the number of profits you can gain through their trading system.
What is Crypto Soft?
Developed in 2010 by three dedicated traders, Cryptosoft is one of the first companies that made trading Bitcoin possible. With this in mind, Cryptosoft is also one of the first automated trading robots that trade Bitcoin as its leading service.
As one of the pioneers of Bitcoin trading, this company worked from the ground up to figure out viable strategies in the cryptocurrency world. Through years of trial and error, Cryptosoft has produced a well-developed system that they want to share with traders and investors around the world.
This software can be used by both newbies and professional traders, and it is also free. Cryptosoft’s main goal is to provide consistent profits while taking advantage of the potential that Bitcoin possesses.
Is Cryptosoft legit and safe?
When it comes to any third-party trading software, it’s only natural for you to have doubts regarding its credibility. As a third-party software, Cryptosoft is also required to partner with a broker to be able to connect its clients to the market.
Since Crypto Soft is a crypto trading system, the trading robot is not regulated. This is common with many crypto providers. However, CryptoSoft works with reliable brokers that may be regulated. This always depends on the respective broker.
Crypto Soft reassures all its clients that all the brokers that are partnered with the software are 100% legit and closely monitored by regulatory bodies such as the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission, and many more.
Unlike other automated trading robots, Cryptosoft is registered as an online trading platform. As for the personal data and bank information of the clients, these are protected by several antivirus programs. The platform is also SSL Certified and follows GDPR rules, which means that all your information, including your login credentials, is safe from hackers.
How do you create a Cryptosoft account?
Crypto Soft will send you a confirmation email containing your login credentials as well as the information of the broker assigned to you. They might also verify your mobile number by giving you a call.
How do you deposit and withdraw funds from your Cryptosoft account?
Depositing funds on your Cryptosoft account has been made easy and convenient by the software. It accepts multiple payment methods such as Visa, MasterCard, or Maestro debit and credit cards and bank transfers. The minimum amount that Cryptosoft requires its clients to deposit is £250 or €250. The funds will instantly be credited to your account so you can start earning with Cryptosoft as soon as possible.
To withdraw funds, clients are required to send a withdrawal request containing the amount they wish to withdraw and their bank details. With Cryptosoft, you can expect your funds to be credited to your account within 24 hours.
How does Cryptosoft work?
Even with its state-of-the-art algorithm, Cryptosoft can not be used on its own. All trades need to go through a broker. For ease of this process, Cryptosoft automatically assigns a broker to each of its clients.
With this partnership, Cryptosoft’s clients gain access to the worldwide network that financial institutions also use. With the participation of market makers and liquidity providers, even when using trading bots, clients will be able to get the best prices for their assets. This leads to more profits and fewer losses.
Cryptosoft’s algorithm, which gradually improves over time, will find the best opportunities in real-time and execute them if they meet the standards and parameters that make up a good trade. With this in mind, all the client needs to do is deposit their funds and turn on Cryptosoft’s AutoTrader.
Despite Cryptosoft’s trading software possessing a high success rate, clients can modify this to a certain extent through customizable settings. Also, since Cryptosoft’s platform is beginner-friendly, everything that you need can be found in two tabs. Features such as charting and order execution are easy to use.
How to trade with Cryptosoft
The first thing you have to do to start trading with Cryptosoft is to create and verify your account. The process is simple, and it won’t take more than a minute to fill up the registration form. Keep in mind that Cryptosoft will send you an email containing the necessary information you need to start trading on the platform.
Next, you will be required to deposit at least £250 or €250 to gain full access to Cryptosoft’s platform. As soon as the amount you deposited shows up in your account, you can start trading live.
If you wish to test the waters first without risking your funds, you can choose to skip the deposit process in the meantime and utilize the demo account feature. You can also practice trading using the demo account to help build your confidence and hone your skills before you start trading with real money.
What are the key features of Crypto Soft?
Automated trading is the main feature of CryptoSoft. As a way to passively invest, having an automated trading bot grants you profits over time without the need for extensive knowledge on the topic of investing or trading.
Crypto Soft’s trading bot was programmed at a high level to trade different assets at different market conditions. Its AI also adapts and continuously improves with each historical trade. Although the trading bot can function independently, clients are given the opportunity to modify its settings and parameters.
Manual trading through Crypto Soft allows clients to manage their funds directly and choose where to invest from a variety of assets available on the platform. Since the users are partnered with brokers, they also have access to margin and leverage, as well as the option to go either long or short on their desired trade.
Crypto Soft allows traders to test out its proprietary platform and trading bot for free. With the demo account, users can experiment with the different features Crypto Soft offers. They could also test out the performance of the trading bot by modifying its settings that have multiple combinations.
By tracking the performance of the trading bot, you will be able to compare it with other algorithms in the industry. The demo account acts as a live training ground for beginners. It is also used to test out different trading strategies and hone the user’s skills.
Signing up with CryptoSoft
Soft immediately gives you access to the demo account feature. It is completely free, and you are not required to deposit any amount to use it. It is worth noting that the demo account can be accessed through your partnered broker’s trading platform.
Crypto Soft’s platform can easily be accessed through any web browser such as Google Chrome, Mozilla Firefox, Microsoft Edge, Safari, and Opera. There is no need to download the software, which makes it convenient for most, if not all, traders.
In addition to this, the platform is so user-friendly that even beginners can use it without any difficulty. The platform only has two different tabs used for trading and two other tabs for monitoring your open and closed trades.
For trading, the two tabs are for automatic and manual trading. The settings, which are the risk, maximum trades, investment per trade, and profit per trade, for automatic trading can be found here. After you calibrate the settings to your desired parameters, click on the “Start Auto-Trading” button below it.
Manual trading, on the other hand, features a chart of your selected asset. The chart can be switched between 7 different time frames, which are M1, M5, M15, M30, H1, H4, and D1.
The tabs for monitoring your open and closed trades can be found in the live trades section and closed trades section. You will see all of your current and historical trades here, including the date when you opened your position, the stop limit, and the profit you made.
You will also find a list of all the tradeable assets on the platform. As Crypto Soft’s main offered asset class, they offer cryptocurrencies such as Bitcoin, Bitcoin Cash, Dash, Ethereum Classic, Litecoin, Monero, Ripple, and Zcash. They also offer some currency pairs that include AUD/USD, EUR/USD, GBP/USD, and NZD/USD.
The platform and website support numerous languages, including English, Spanish, German, and Italian.
No hidden charges
Crypto Soft is transparent when it comes to its fees. They do not charge a registration fee, which means anyone can use this platform. Also, they do not charge their clients any commissions. All your profits go to you.
The CryptoSoft mobile application
Crypto Soft’s mobile application functions much like a web-based platform. There are two tabs for manual and automatic trading and a list of tradeable assets that the client can choose from. It also features charts that can be customized in different time frames.
It is free to download from the Google Play Store, but it is only available for Android devices.
Forex trading on CryptoSoft
Crypto Soft also functions as an auto trader for forex assets. You can expect to see the seven major currency pairs: NZD/USD, AUD/USD, USD/CAD, USD/JPY, GBP/USD, USD/CHF, and EUR/USD. Some minor currency pairs are also available. To see a complete list of these assets, you can check the web-based platform.
Crypto Soft’s trading algorithm can be modified by clients depending on their risk tolerance. Settings for this include low, medium, and high risk. Having a risk modifier can help lessen the losses incurred during complex market conditions. It can even increase the client’s gain when used correctly. It is best to try this feature out using a demo account first.
Advantages of Crypto Soft
Having a demo account built-in on the same platform for clients is a considerable advantage as it gives you a chance to immediately test your strategy or your trading bot on current market conditions. For Crypto Soft, you will be able to immediately access this once you create your own account, even with just providing minimal user information.
Additionally, it is essential to note that not all third-party trading bots allow non-depositors to use their services even though they demo accounts. Bitcoin Revolution takes this to the next level and makes its algorithm available for testing even if you haven’t deposited anything.
Signing up with Crypto Soft is very easy and does not take a lot of your time. Crypto Soft only clients for a few details from you, and these are your full name, email address, and mobile number. Clients do not need to submit any proof of address or IDs and can access live accounts, demo accounts, and the trading bot that Crypto Soft offers directly after signing up and logging in. However, it should be noted that you might have to provide banking details when you make a deposit to your account.
It’s easy to navigate through the platform since it’s very user-friendly because their platform only has four different tabs that contain everything a trader needs. This is useful for beginners since they do not need to deal with complicated interfaces or complicated jargon when utilizing the data given by Crypto Soft’s system.
Crypto Soft is only partnered with the best brokers in the industry. Signing up with Crypto Soft makes you a client of a designated broker as well. This would give you access to multiple features that your broker offers, such as margin, leverage, and access to many more assets and asset classes. Being a client of a broker directly connects clients to a worldwide network of service providers and market makers to ensure that you get the volume you need at the price you want.
Disadvantages of Crypto Soft
Very little is known about CryptoSoft and its developers. Even though the website states that their software was pioneered by three dedicated traders, no names were given, nor do they have an office that you can contact. Aside from that, they only mention a concise history as to how their company started. Despite all this, their clients are happy that they get the best service they can use in the market for free.
Tips and Tricks for trading on Crypto Soft
Thousands have already jumped on the Bitcoin bandwagon and have multiplied their funds and assets since 2009. Even after more than ten years, there are still countless opportunities in the market, and starting as soon as now would give you a significant advantage compared to those that don’t believe in Bitcoin’s potential.
Veterans always recommend that now is the best time to invest, and this includes investing in cryptocurrency through a trading bot that doesn’t require you to have extensive knowledge in either investing or in cryptocurrency.
Crypto Soft’s system was programmed with automated stop loss and take profit levels with clients in mind. This provides additional ease in its use as you can just let the program run without worrying about anything. However, more advanced traders, they could also set and modify their own levels to stop losses and make a profit. This is to ensure lesser losses or perhaps more gains.
Crypto Soft is partnered with reputable and registered brokers, and being a client of Crypto Soft also allows you to access your designated broker’s services. Some of these services include the use of margin and leverage as well as the ability to trade different asset classes. This gives an additional advantage wherein you will be able to trade these asset classes manually should you have an interest in them.
With Crypto Soft, you are guaranteed a high win rate, but their profitability varies depending on market conditions. Consider being satisfied with even small gains because even with gaining even a single percent consecutively over 100 days, you will be able to gain 170% throughout that period. Having small gains is definitely better than suffering significant losses when over-allocating your positions.
Since Crypto Soft’s trading bot is customizable, you can test modifying its premade settings to suit your trading style and trading goals. This might also mean more profits and fewer losses if you plan your moves accordingly. One of the best tips that we give users of Crypto Soft is to know when the best time to increase your investment or decrease it. There will be times when the cryptocurrencies will experience a bear market, and this, in turn, will make trading Bitcoin harder with all the selling pressure in the market.
In line with our previous tip, you should also research Bitcoin’s performance during a bear market. Usually, what has happened before might happen again. Knowing this might lead you to invest in a new cryptocurrency that outperforms in a bear market.
Crypto Soft’s trading bot is particular because you can set the risk manually. Having simple commands to make your bot do extraordinary things such as this protects your portfolio from large drawdowns. Specifications for how these work aren’t stated, but you can always test these out using their demo account for a risk-free experience.
Customer support of CryptoSoft
Crypto Soft has knowledgeable and dedicated customer support representatives to assist you. If you have a Crypto Soft account, you can contact them via the live chat system on the platform. They are available 24/7 and are prompt to respond.
For traders who don’t have an account, you can contact them via the “Contact Us” tab on the website. The form will ask for your name and email address, as well as your concern or query. The average response time is 24 to 48 hours.
The platform, as well as the website, supports English, Spanish, Italian, and German.
Frequently asked questions about Crypto Soft:
Are there any fees I should know about?
Crypto Soft does not charge a registration fee or a withdrawal fee. The software also does not charge withdrawal fees or commissions. This means all the funds you deposit or gain are 100% yours.
Is Crypto Soft available for US residents?
Unfortunately, Crypto Soft does not cater to US residents. However, many alternative third-party automated trading robots are available on the market.
How much time should I work on the platform?
If you choose to trade automatically, 20 minutes should be enough for you to do a bit of research and set up the trading bot. If you are manually trading, however, you will need to spend more time on the platform since you will be doing all the work.
Is Crypto Soft safe?
Crypto Soft is armed with numerous antivirus programs to protect the client’s data. It is also SSL certified and strictly follows the rules implemented by the GDPR or General Data Protection Regulation. This ensures that hackers can’t access your personal data, bank details, or login credentials.
I have no experience trading. Can I still use Crypto Soft?
Absolutely! The app was designed to trade for you automatically. The robot functions as a professional trader and requires little to no supervision. However, it would help if you familiarized yourself with the basic terms used when trading.
What is Bitcoin, and should I invest all my money in it?
Bitcoin is a cryptocurrency that is predicted by experts to replace fiat currencies. It was created in 2009 by Satoshi Nakamoto, and it has been gaining popularity ever since. Although a lot of professionals believe in Bitcoin’s potential, it is still risky to invest in this asset. Crypto Soft’s high win rate does not guarantee you a profit as well. We suggest you only invest the minimum deposit required first to test out the system’s capabilities.