Legit Platform or Another Scam? – BiteMyCoin.com

Based on our thorough assessment, we can establish that CryptoSoft is a legitimate, reliable, and credible platform. So, if you intend to join thousands of traders who use a superb crypto-trading platform from a trustworthy broker, quickly fill in your correct personal information in the form provided below. A free personal account manager will contact you as soon as possible to assist you in completing the enrollment process.

CryptoSoft promises an easy-to-use, reliable way to break into the cryptocurrency space. Just short of perfect, we believe it has something to offer to traders of all experience levels, and this CryptoSoft review will prove it.

Pros

  • Access to not just one but multiple top-tier brokerages;
  • Easy to set up even for beginners;
  • No registration fee;
  • Clients can diversify their portfolios with crypto coins, stocks, Forex pairs, and more;

Cons

  • No dedicated mobile app;
  • Brokers get assigned automatically, i.e., you don’t get to choose.

Don’t need any more details? If you’re already intrigued by this innovative platform, you can sign up in just a few simple steps:

Step 1. Register a CryptoSoft Account.

To launch your trading career with CryptoSoft, fill in your details in the registration form. The platform only needs basic contact details like your name, phone, and email address.

Step 2. Verify Your Account.

After registration, CryptoSoft will automatically match you with a broker, who will then contact you. Make sure you don’t miss the call from your broker’s representative — they will validate your identity and give you essential tips on how to proceed.

Step 3. Make a Deposit.

You need funds in your account to start trading and investing in cryptocurrency. Luckily, CryptoSoft’s broker partners have a pretty low minimum deposit requirement of $250. Thus, even traders on a budget can use their services.

Step 4. Begin Trading!

That’s all! You don’t need to do anything else except plan your deals and enjoy the ride!

Bitcoin is a technological tour de force. — Bill Gates

About This Review

All of our reviews come from a place of concern for traders. We have been active in the crypto space long enough to know there are plenty of scams around, ready to prey on vulnerable audiences.

That’s what our reviews are all about: we investigate brokers to determine whether they are trustworthy or not. Thus, we hope to guide you to safe companies and protect you from those who are not.

Close up of a silver scale with bitcoin

For consistency, we apply the same criteria when reviewing brokerages. We look into offerings, software, ease-of-use, entry requirements, costs, and other applicable features to deliver a comprehensive conclusion for our readers.

Moreover, we’d like to remind you of our independence. The companies we review do not pay us to write these reviews. All opinions shared here are our own and based on first-hand experience and research with the broker.

Intro to CryptoSoft

Based on how much CryptoSoft talks about trading on its website, you’d think the company is a broker. Nevertheless, this assumption isn’t actually true.

Instead, CryptoSoft offers a narrowly-specialised mediation service for crypto traders. It claims to have a database of reliable, regulated brokers and the ability to connect traders with them within minutes.

CryptoSoft also boasts that its customers can benefit from using premium-quality trading software, automated trading robots, and the help of a dedicated customer support team. In addition, it claims its services are perfectly suitable for beginners.

We’ll investigate all of these claims further on in this CryptoSoft review.

CryptoSoft at a Glance

Brokers supported: Multiple, exact number N/A
Accepts customers from: Worldwide (minus countries like the UK, the US, and other places where crypto CFD trading is restricted).
Trading instruments offered: Cryptocurrencies, Forex, stocks, options, futures, etc.
Website security: SSL encryption
Webpage loading speed: 482 ms (fast)

How Does CryptoSoft Work?

There are two main components to the service CryptoSoft provides.

First, there are the brokerages. The company explains that it conducts its own research and stress tests to evaluate brokers. It also considers brand reputation and user testimonials in its evaluation.

CryptoSoft has fostered partnerships with some of the most well-known names in the crypto trading industry through this process. In a way, you can think of it as a massive catalogue of brokers you can find online yourself — CryptoSoft has just gathered them in one place, keeping the scammy companies out.

team discussion at an office monitor with price graphs

The second ingredient is the matchmaking algorithm. Naturally, CryptoSoft keeps this a company secret. But from what we gleaned, it seems that customers are randomly paired with brokers from the company’s database. Location likely plays a large role here, as many brokers cater only to particular countries or regions.

CryptoSoft Registration Process

The client creates a new account on the CryptoSoft website.

CryptoSoft automatically finds the most suitable broker for the customer and assigns it to them.

A broker representative contacts the client to confirm their registration and offer advice for getting started.

The client uses the broker’s website or app to make an initial deposit of at least $250 to activate their trading account.

Everything is ready — the fun may begin!

The Nitty-Gritty: CryptoSoft Key Features

So far, we’ve looked at CryptoSoft and what it does for traders. But the real question is, how well does it do its job? Is it a service worth your time, or will you be better off with an alternative solution?

This section will address some of the most important aspects of any broker. In particular, we’ll talk about safety, costs, services for beginners and pros, and software capabilities. Bear in mind that our evaluation is based on our team’s hands-on experience with the CryptoSoft app.

Without further ado, let’s find out if CryptoSoft can really live up to traders’ expectations.

Is CryptoSoft a Scam?

Considering the number of scams that have invaded the crypto space, it’s more than natural to be wary of every broker. Not every company means well or is capable of delivering what it promises.

Nevertheless, you can rest easy because CryptoSoft is legitimate. We reviewed the claims it makes and carefully checked the company’s terms of use and other legal info. Everything seemed in order. We especially appreciated the inclusion of multiple disclaimers on different pages — it seems that CryptoSoft is not trying to blind its customers with sparkly promises of easy success and instead wants them to be cautious with their finances.

Moreover, not being a broker, CryptoSoft doesn’t need any particular regulation. It also doesn’t process any payments or offer financial services directly. Thus, there isn’t anything it can scam you with because it’s a free service anyway.

Overall, we find that CryptoSoft is perfectly safe. No cause for concern here!

Trading Platforms

One of the most important considerations when selecting a broker is their trading software. Unfortunately, this is one area of the review where we cannot give you a definitive answer.

Because CryptoSoft works with many brokers, and each broker has its own platform preference, we cannot test or list all of them here.

But from what we gather, it seems that most of the companies CryptoSoft cooperates with use MetaTrader 5 or similar software, with a similarly-looking trading terminal.

You can expect to find your standard instant execution, stop loss/take profit, and limit orders, whatever broker CryptoSoft pairs you with.

Moreover, these brokerages are well-rounded, and their software supports more than just cryptocurrencies. You will also be able to trade the shares of major companies, futures, options, major and exotic currency pairs, and more, all with the same broker. That’s good news for anyone looking to diversify and mitigate the risks associated with trading (in other words, everyone).

Is It Beginner-friendly?

Though some broker-hopping occurs among experienced traders, most people looking for a trading platform are beginners. That’s why it’s important to consider what services CryptoSoft offers that can make the lives of newbies easier. Luckily, there are quite a few!

Easy to Navigate

First off, we have to point out the clean, simple website design. There isn’t too much going on with the CryptoSoft page — but that’s all for the better. It means clients can quickly find everything they need. And the main item you want — the registration form — is right on top where everyone can see it.

Practice on Demo Accounts

As for specific services, demo accounts are the most crucial benefit for beginners. The demo trading mode provides a safe practice environment for users to test the trading platform without investing real money. We can’t recommend using a demo account highly enough. Even if you’re not a beginner, it’s a great way to test-run new trading strategies and improve your skills.

And for those lacking in both experience and time to learn, CryptoSoft’s partners offer copy trading. This advanced service permits clients to subscribe to professional traders and automatically copy their deals in exchange for a small subscription fee (paid to the pro you follow). Essentially, copy trading is a way to let other investors manage your funds. It’s a nice feature to have, at least for traders comfortable with giving the reins over to someone else.

CryptoSoft Affordability and Costs

Financial requirements are another area where CryptoSoft shines. Compared to the competition, we find that they have made their product quite accessible. Even if you are on a budget, you can use CryptoSoft’s services.

Why is that? Firstly, the registration itself is free. Signing up for CryptoSoft and getting matched with a broker doesn’t cost anything; we confirmed this ourselves.

Woman working in office multiple computer screens with crypto price graphs

Secondly, once you head over to your assigned broker, you will find out the minimum deposit requirement is $250. It’s not exactly loose change, but not large enough to break the bank either. Compared to banks and other institutional brokers that require thousands of dollars to launch your portfolio, we find this amount quite reasonable. Plus, these are the funds you’d use to open positions anyway, so it’s still your money, not a fee.

CryptoSoft Review: Frequently Asked Questions

Though we covered the main areas of interest concerning CryptoSoft, you may still have questions. Fear not — we have answered the web’s most pressing questions about CryptoSoft below.

What Is CryptoSoft?

CryptoSoft is a marketing tool connecting traders with regulated brokers. The company has partnerships with some of the crypto industry’s finest brokerages to ensure its customers enjoy a safe, reliable trading experience.

Is CryptoSoft Legit?

Yes, CryptoSoft seems trustworthy. The company doesn’t make any false claims or empty promises of quick and easy profits. It seems genuine in its desire to provide a safe trading environment for traders, reminding them to be cautious of the risks every step of the way.

How Reliable Is CryptoSoft?

In our experience, it is pretty reliable. CryptoSoft managed to provide us with a broker within just a few moments and didn’t charge us anything for this service. The company recommended us was a well-established broker we were already familiar with. So, it seems that CryptoSoft knows who’s who in the crypto trading industry and isn’t wasting its time recommending shady companies nobody has heard of.

Is CryptoSoft Free?

Yes, registration for the service doesn’t cost a thing. Nevertheless, you have to make a deposit of at least $250 if you decide to start trading with your assigned broker.

Is There a CryptoSoft Automated Trading Platform?

No, there isn’t. CryptoSoft doesn’t develop any trading software or auto trading tools.

Are Trading Robots Allowed with CryptoSoft?

Yes, they are. The company claims its broker partners can provide a selection of trading bots to automate the live trading process for their clients. However, use those with caution. A trading robot might come in handy when a pro uses it, but it’s more of a liability in inexperienced hands. Automated trading software might increase the risks of the already volatile crypto market, so be careful.

How Can I Get the CryptoSoft App?

At the moment, there is no CryptoSoft mobile app. If you want to use this service from your mobile device, you have to access it from your browser.

New to Crypto? Tips for Beginners

The cryptocurrency market is a fun, exciting place — and a potential source of income, if you know how to play your cards right. Here are a few simple tips to help you keep risks to a minimum.

#1 Measure Twice, Thrice, as Many Times as You Can

Research is your best friend if you want to succeed as a trader. Don’t let that one hot rumour you saw on Reddit tempt you — traders will sometimes say and do anything to sway market opinion and benefit from other people’s gullibility. Always do a thorough evaluation of the market when planning deals. Follow your strategy and make sure you have an exit plan for any position if you want to avoid potential losses.

#2 Don’t Get Greedy

Some people play with high stakes and win big-time. But for every Bitcoin millionaire, there are a million disappointed investors. You might be tempted to invest more money to gain higher profits quickly, but it’s usually not a good idea. The crypto market is notorious for its volatility and can be ruthless to newcomers. So, keep that greed in check and start small. Invest sums you will be comfortable losing — that’s the best way to navigate the crypto jungle.

CryptoSoft Review: Conclusion

CryptoSoft is a well-rounded trading solution suitable for many types of investors. Beginners would undoubtedly appreciate the simple design, low entry requirements, and demo trading mode. At the same time, expert traders can enjoy using a trading bot or two, copy trading, and other advanced services provided by CryptoSoft’s brokers.

While there is no mobile app, CryptoSoft is still mobile-friendly and works well on all devices. Overall, we find that it’s a very enjoyable service that can save you time and effort if you’re on the hunt for a reliable cryptocurrency broker.



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Legit Platform or Another Scam? – BiteMyCoin.com

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