CryptoSoft Test & Review - Scam or Not?

The CryptoSoft website lists Thomas Green as its founder and CEO. Green assembled a group of software engineers, developers, traders, financial analysts, and investors to create the software. The diverse and talented group was able to create a crypto trading system that ranks among the most competitive in the ecosystem.

1. Getting Started

The moment you log onto the CryptoSoft website you get the feeling that it is a platform that is short on flair but very strong on a great user experience. To get started, the website presents you with a sign-up window that only requires your full names, an operational telephone number, and an active email address. The time between filing your details and receiving the verification email is less than you could imagine. To complete the registration process, the software automatically redirects you to a partner broker chosen for you based on a range of factors including location and jurisdiction. 

2. Make a Deposit

On the partner broker’s platform, you will be guided through the process of funding the account. During our research, the affiliated broker presented five different payment channels for depositing funds into the live trading account including wire transfer, debit card, credit card, and via a bank transfer. The fifth option was more exciting. It entails the use of digital crypto wallets for mobile payment solutions to deposit funds. This is revolutionary because it means even people in regions unconnected to the global financial system can get a piece of the action by simply performing a few taps on their smartphones. The platform accepts a deposit of $250 as the minimum but there is no cap on the amount you can commit.

3. Start Trading

The affiliated broker we were paired with during our research has an excellent trading platform. It comes with nicely developed candlestick charts that users can manipulate when strategizing. In addition, the platform has a “Trading Academy” aimed at guiding new users through market analysis, how to use indicators, and setting risk management levels. But you might never need these features because the platform integrates CryptoSoft, which takes over the market analysis tasks when you turn it on. 

4. Demo Account

Even with the trading robot in place, the creators of the trading platform realise that new users might require a few trials without commitment to get used to the platform. That is why it comes with a demo account specially designed to give users the same experience they would encounter when live trading. The demo account is pre-funded with $25,000 and has a leverage ratio of 1:200. So, we advise that you start by demo trading before transitioning to the real thing.

Key Features of CryptoSoft

We probed the CryptoSoft platform to find out the features that distinguish it from the competition and we outline them as follows:

Payouts

The information available on its website claims that the software’s users earn a daily profit of $1,100 on the minimum side. Additionally, testimonials that the website has compiled show that daily profit ranges from $114 to $770. This information describes an auto trading platform that is capable of giving its users financial freedom within a year of its use. However, our research established that, while the software is capable of generating a good return, certain conditions have to be satisfied. A user needs to commit more than the minimum deposit, and one must be able to input parameters that help the trading robot to operate at its optimum. Also, some factors that are out of your control like market volatility might undermine the chances of earning a good return. 

Verification System

CryptoSoft has what we will call a “two-step verification” process for new users. When you first sign up, the system must verify the validity of the contact details you submit before handing your case to the appropriate affiliated broker. Customer service must be able to call you via the phone number provided before your account can be verified. We call this step one in the verification process. 

On the broker’s platform, you will be required to provide additional information such as physical address and payment details. New users must provide proof of identity and proof of residence that checks out, meaning you will upload copies of documents such as a government-issued ID card, and residence certificate, among others. To avoid cases of spammers, the broker demands that you show proof of payment by uploading documents such as bank statements. This, in our view, is the second phase of the verification process. 

The Withdrawal Process for CryptoSoft

As long as there are funds in your account, you can make a withdrawal request any time. Plus, the platform does not restrict users in terms of the number of times they can make withdrawal requests. The amount of time it takes for funds to reflect in your account depends on the payment options you use. In our case, we waited for a full day and a half before the funds arrived. However, we saw reports of users who have received funds in under two hours but it is safe to just allow a full day and two days at worst. 

Costs and Fees

From registration to making your first trade, CryptoSoft does not cost you anything. Even when withdrawing, the software does not retain even a cent of your earnings, meaning the entire value of the account is yours. 

Customer Service

When using CryptoSoft, there are two sets of customer service agents attending to your needs. After account registration, a customer service agent immediately reaches out to find out if everything is in order. In our case, we received a mail minutes after account registration, then followed by a call. In both instances, we asked questions that were answered on the spot. The second set of customer service agents belong to the affiliated broker you will be paired with. These are responsible for ensuring you have the best experience when using their trading platform. They will also help you to integrate CryptoSoft properly for the best outcome. 

Affiliated Brokers

Each new user is assigned a broker who fits the established criteria. Anyone who trades with CryptoSoft needs a connection to the market and that is what affiliated brokers are there to accomplish. The crypto trading platform links users with legitimate brokers who have certification from regulators like the US SEC and CYSEC of Cyprus.    

The cryptocurrency ecosystem is notorious with swindlers lurking around looking for their next victim. Because of the many people who have climbed a wrung higher in terms of financial wellbeing, scammers tend to appeal to traders’ need to generate huge sums of profit in the shortest time possible. Understandably, traders’ first instinct when they hear of an automated trading system that helps to increase the size of profits earned is to cower, because who knows, this could be the next mega scam.

Against this background, we burned many hours searching the internet for information to establish the legitimacy of CryptoSoft. We dug up numerous testimonials favouring the platform, especially its consistency in giving users a positive experience when trading cryptocurrencies. The testimonials also praised CryptoSoft’s customer service for timely and helpful feedback. We believe that only a legitimate platform can attract positive feedback from its users and for this reason, CryptoSoft is not a scam. 

5 Reasons to Use CryptoSoft for Trading

The crypto market is awash with a plethora of options for auto trading and the problem is that few traders know how to choose the best system for their needs. Developers have made selecting a good platform difficult by creating pieces of software that you can barely differentiate. For this reason, we wanted to see if CryptoSoft has something unique which will catch a user’s eye on the first look. Here is a comprehensive list of reasons why this trading robot is a great choice: 

1. Intuitive User Interface

A piece of software might have the smartest algorithms because of great programming but the fact is that few users are interested in the nuts and bolts of it. All they want is a platform that requires the least amount of time to learn how to use, and one that responds quickly to their actions. CryptoSoft's user interface was built exactly to tick these boxes. It does not matter the level of experience of the user because what is required of you is nothing more than entering numbers in a few boxes and pressing “OK”. 

2. Boasts Market-Leading Win Rate

Its website claims the software has a 99.4% accuracy level. We set up an account to evaluate whether the claim passes muster. Although we did not achieve the win rate as stated, we are certain that CryptoSoft’s algorithms are well ahead of the competition. We learnt that it takes a bit of time to learn how to set up the system. Whether you are a beginner or an expert, you need to master the functioning of the platform before you can optimize the algorithms to their stated win rate. 

3. Faster Than Manual Trading

The first thing you notice when you deploy CryptoSoft is that it speeds up trading processes by more than 3x. Unlike manual trading, you do not have to spend even a second of your time staring at charts, which might not mean anything to you if you are an absolute beginner. The software takes over all the market analysis tasks starting from retrieving the right data to performing appropriate evaluations. Because of the natural language processing and machine learning techniques embedded in the software, it can reliably analyse huge amounts of market data faster than the fastest human analyst. 

4. Smart Analytics 

The biggest advantage of using auto trading systems to trade cryptocurrency is their use of smart technology to collect and interpret market data. In our trading experience, we have noted that auto trading software is getting smarter every day especially as artificial intelligence technology continues to be refined. CryptoSoft is not only fast in gathering and analysing information but it also generates smart insights. 

5. Remove Human Error

Besides performing smart analytics, trading software is excellent in following the data. The system gathers all the information it thinks is relevant based on the parameters of the user-specified. Then, it interprets the data as if in a vacuum, meaning there is no way external forces can influence the interpretation process. This is one area that human traders find impossibly difficult to do better. Because of our psychological makeup, we are susceptible to factors that might alter our behaviour such as fatigue or certain heart-wrenching events. But the software lacks such qualities, which means there is no chance of human error in the insights it provides. 

Finding an auto trading software that satisfies most of your needs is difficult, especially in an ecosystem that has many copycats. Our review of CryptoSoft has shown that there exist developers in some tiny crevasses of the cryptoverse who care about what traders need no matter the length of their experience in the market. It comes fully packed with smart algorithms that not only speed up cryptocurrency trading but also ensure that more of the positions you take actually amount to something, which reminds us of equally robust auto trading systems like Bitcoin Aussie System, Crypto Code, and Bitcoin Miner.

The software stands out in critical areas such as ease of use and security. Once it integrates into the affiliated broker’s trading platform, the software completely takes over market analysis and buying and selling of cryptocurrencies.