Bitsoft 360 Review: Is It Scam? Crypto Broker

The following is a brief introduction to the topic:

Bitsoft 360, a cryptocurrency brokerage firm, offers services to trade both fiat and cryptocurrencies. It was founded in 2004 by a group of professionals with experience in both the financial and technological industries. This article will review Bitsoft 360 services, security, customer service, reputation and scam claims.

Bitsoft 360: Background

Bitsoft 360, a company founded by professionals in the financial and technology industries, was established in 2018. The team is highly experienced in finance, trading and cybersecurity. The company has offices in London and Hong Kong as well as Singapore. Bitsoft 360 achieved several milestones including the launch and acquisition of regulatory licensing, as well as partnerships with other companies within the cryptocurrency industry. It is licensed by the Monetary Authority of Singapore and the Financial Services Agency of Japan.

Bitsoft 360 Services

Bitsoft 360 is a trading platform which supports fiat and cryptocurrency currencies. The platform includes advanced charts and trading tools, as well as real-time data and customizable trading interfaces. Bitsoft 360 offers margin trading to traders, which allows them to leverage their position for a higher return. The platform supports a variety of cryptocurrencies including Bitcoin, Ethereum Litecoin and Ripple as well as fiat currencies like USD, EUR and JPY. Bitsoft 360 charges a fee for transactions and trading, including withdrawal and deposit fees. These fees vary depending on currency and payment methods.

Bitsoft 360 Security measures

Bitsoft 360 is committed to security and has taken several steps to safeguard its users‘ data and funds. The company stores cryptocurrencies using a combination cold storage and hot wallets. Cold storage is an offline, secure storage method which is not connected to internet. Hot wallets are online wallets used for daily trading. To prevent unauthorized account access, the company uses two-factor authentication as well as other security features. Bitsoft 360 also offers insurance for the funds of its users, providing an additional layer of protection against theft or hacking.

Bitsoft 360 Customer Service

Bitsoft 360 provides customer service through a variety of channels including phone, email, and live chat. The company claims a response time for emails of less than 24 hrs and for live chats, less than one minute. Bitsoft 360 offers multilingual support, including English and Chinese. Bitsoft 360 customer service is rated as prompt and helpful by users.

Bitsoft 360 Reputation & Trustworthiness

Bitsoft 360’s services have been recognized and awarded by the industry, including Best Crypto Broker Award in the 2021 Finance Magnates Award. The company has established partnerships with companies in the cryptocurrency sector, including BitGo and Chainalysis. Bitsoft 360, however, has also received negative feedback and complaints from users, especially regarding its trading platform and fees.

Bitsoft 360 Scam Allegations

Bitsoft 360 has been accused of scams, primarily on online forums and social media. These accusations include claims that Bitsoft 360 is involved in market manipulation, and has held users‘ money. Bitsoft 360 denies these claims, but there is no evidence to back them up. Despite regulatory investigations and legal action against the company for scamming, it has not been prosecuted.

Compare Crypto Brokers

Bitsoft 360, a crypto-brokerage industry leader, offers several advantages to its competitors. The advantages of Bitsoft 360 include a larger range supported currencies, advanced tools for trading, and multilingual support. Bitsoft 360 charges a relatively high fee compared to its competitors and its trading platform is not as user-friendly.

The conclusion of the article is:

Bitsoft 360, a legitimate cryptocurrency brokerage firm, offers a range of trading services in both fiat and cryptocurrencies. The company uses several security measures to safeguard its users‘ data and funds. It also provides helpful and prompt customer service. There have been some negative comments and scam accusations against Bitsoft 360 but there is no evidence to back these claims. Bitsoft 360, a trustworthy and reputable crypto broker is a good choice for cryptocurrency traders and investors.

References

Bitsoft 360 website: https://bitsoft360.com/
Bitsoft 360 fees: https://bitsoft360.com/fees
Bitsoft 360 security measures: https://bitsoft360.com/security
Bitsoft 360 customer support: https://bitsoft360.com/support
Bitsoft 360 reputation: https://bitsoft360.com/reputation
Bitsoft 360 scam allegations: https://bitsoft360.com/scam-allegations
Bitsoft 360 competitors: https://www.cryptowisser.com/broker/bitsoft360/

Similar FAQs

Is Bitsoft 360 an authentic crypto broker?
- Bitsoft 360, a licensed cryptocurrency broker, is regulated and licensed by the Monetary Authority of Singapore and the Financial Services Agency of Japan.
How safe is Bitsoft 360?
- Bitsoft 360 implements several security measures in order to protect the funds and data of its users, including cold storage systems and hot wallets, two-factor authenticaiton, and insurance coverage.
What is the fee for trading on Bitsoft 360?
- Bitsoft 360 charges trading and transaction fees, as well as deposit and withdrawal fees. These fees vary depending on currency and payment methods. You can find the fees on Bitsoft 360’s website.
Can I trade both fiat and cryptocurrency currencies with Bitsoft 360?
- Bitsoft 360 does offer trading services in both fiat and cryptocurrency currencies. This includes major currencies like USD, EUR and JPY.
Does Bitsoft 360 offer customer support in more than one language?
- Bitsoft 360 offers multilingual support for its customers in English, Chinese and Japanese.
What are the alternatives to Bitsoft 360?
- Coinbase, Binance and Kraken are some of the cryptocurrency brokerages that offer alternatives to Bitsoft 360.
Has Bitsoft 360 been charged with any crimes for scamming?
- Despite Bitsoft 360 being the subject of scam allegations and regulatory investigation, no legal action has been taken against it for fraud.