Bitsoft 360 Review – Is it Scam? – Broker for Bitcoin

Introduction

Cryptocurrency trading has seen an exponential growth in recent years, and with that, the market has seen an influx of new brokers. Bitsoft 360 is one such broker that claims to provide a safe and secure trading platform for its users. In this article, we will review Bitsoft 360 and provide an in-depth analysis of its services, trading platform, fees, and reputation.

Bitsoft 360 – Company Background

Bitsoft 360 was founded in 2020 and is a relatively new player in the cryptocurrency broker market. The company claims to be based in the United Kingdom and is registered under the name Bitsoft 360 Ltd. However, there is limited information available on the company's founders and their background in the industry.

Bitsoft 360 – Services Offered

Bitsoft 360 provides a trading platform for users to trade in a variety of cryptocurrencies. The broker claims to provide a secure and smooth trading experience for its users.

Trading Platform

The Bitsoft 360 trading platform is web-based and can be accessed from any device with an internet connection. The platform claims to be user-friendly and easy to navigate.

Security Measures

Bitsoft 360 claims to have implemented various security measures to ensure the safety of its users' funds and personal information. These measures include SSL encryption, two-factor authentication, and segregated accounts to keep clients' funds separate from the company's operational funds.

Customer Support

Bitsoft 360 provides 24/7 customer support to its users. Users can contact the support team through email or live chat.

Payment Methods

Bitsoft 360 accepts deposits through bank transfers, credit/debit cards, and various e-wallets.

Bitsoft 360 – Trading Platform

Platform Features

The Bitsoft 360 trading platform offers a range of features, including real-time price charts, trading indicators, and technical analysis tools.

User Interface

The platform's user interface is user-friendly and easy to navigate.

Trading Tools Available

Bitsoft 360 provides various trading tools, including stop-loss orders, take-profit orders, and limit orders.

Platform Compatibility

The trading platform is accessible from any device with an internet connection and is compatible with most web browsers.

Bitsoft 360 – Fees and Charges

Trading Fees

Bitsoft 360 charges a commission on trades made on its platform. The commission fee varies depending on the trading instrument and the type of account the user holds.

Deposit and Withdrawal Fees

Bitsoft 360 does not charge fees on deposits and withdrawals made from the user's account. However, users may be subject to fees charged by the payment service provider used to make the transaction.

Inactivity Fees

Bitsoft 360 charges an inactivity fee of $10 per month for accounts that have been inactive for more than 90 days.

Other Charges

Bitsoft 360 does not charge any other fees or charges, such as account opening fees or maintenance fees.

Bitsoft 360 – Trading Instruments

Bitsoft 360 allows users to trade in a variety of cryptocurrencies, including Bitcoin and Ethereum. The broker also offers trading in other cryptocurrencies, such as Litecoin and Ripple, as well as fiat currencies like USD, EUR, and GBP.

Trading Pairs

Bitsoft 360 allows users to trade in various trading pairs, including BTC/USD, ETH/USD, and LTC/USD.

Bitsoft 360 – Trading Accounts

Account Types Available

Bitsoft 360 offers three types of trading accounts: Basic, Advanced, and Pro. The account type determines the commission fee charged on trades made on the platform.

Account Verification Process

To open an account with Bitsoft 360, users are required to complete a verification process that includes providing personal information and identification documents.

Account Funding

Users can fund their Bitsoft 360 account through bank transfers, credit/debit cards, and various e-wallets.

Account Restrictions

Bitsoft 360 does not accept users from certain countries, including the United States, Iran, and North Korea.

Bitsoft 360 – Regulation and Security

Regulatory Compliance

Bitsoft 360 claims to be registered with the Financial Conduct Authority (FCA) in the United Kingdom. However, we could not find any evidence of this registration on the FCA's website.

Security Measures in Place

Bitsoft 360 claims to have implemented various security measures, including SSL encryption, two-factor authentication, and segregated accounts.

Insurance of Funds

Bitsoft 360 does not provide insurance for its users' funds.

Bitsoft 360 – Reputation and Reviews

User Reviews

User reviews of Bitsoft 360 are mixed. While some users praise the platform's ease of use and customer support, others have reported issues with withdrawals and high commission fees.

Expert Opinions

There are no expert reviews of Bitsoft 360 available online.

Comparison with Other Brokers

Compared to other cryptocurrency brokers, Bitsoft 360 offers a limited range of trading instruments and charges relatively high commission fees.

Conclusion

Based on our review, Bitsoft 360 appears to be a legitimate cryptocurrency broker that provides a secure and user-friendly trading platform. However, the company's regulatory compliance and insurance of funds are questionable.

FAQ

What is Bitsoft 360?

Bitsoft 360 is a cryptocurrency broker that provides a trading platform for users to trade in a variety of cryptocurrencies.

Is Bitsoft 360 a scam?

We could not find any evidence that Bitsoft 360 is a scam.

Is Bitsoft 360 regulated?

Bitsoft 360 claims to be regulated by the Financial Conduct Authority (FCA) in the United Kingdom, but we could not find any evidence of this registration on the FCA's website.

What trading instruments are available on Bitsoft 360?

Bitsoft 360 allows users to trade in a variety of cryptocurrencies, including Bitcoin and Ethereum, as well as fiat currencies like USD, EUR, and GBP.

What are the fees and charges on Bitsoft 360?

Bitsoft 360 charges a commission fee on trades made on its platform. The fee varies depending on the trading instrument and the type of account the user holds. The broker does not charge fees on deposits and withdrawals, but users may be subject to fees charged by the payment service provider used to make the transaction.

How can I fund my Bitsoft 360 account?