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CryptoSoft Review 2021

CryptoSoft operates in collaboration with multiple brokers around the world. The procedure is just the same as that of other automated crypto robots. The official website of the CryptoSoft claims that the robot employs advanced algorithmic trading techniques to generate excessive returns.

Author: Usman Ahmed Last updated: 08/10/2021

What is CryptoSoft?

CryptoSoft is an online crypto trading software designed to generate profits without human intervention. The official website of the CryptoSoft claims that the robot employs advanced algorithmic trading techniques to generate excessive returns. The software scans the market hundreds of thousands of times faster than humans to detect the most favorable trading opportunity. In this piece, we go through the CryptoSoft review in detail.

Key Features – CryptoSoft Claims

CryptoSoft claims that it has several unique features that make it one of the unbeatable trading robots available around.

Customizability

According to the website, the robot is customizable. You can select different trading variables from the options given on the operating panel of the robot. Setting up the money management strategies followed by your favourite trend indicators make the robot follow your trading preferences precisely.

The robot also allows you to define the amount you wish to place on each trade and the money management strategy you think will work the best. However, being customizable doesn’t mean that the robot is smart enough to bring you profitable trades. It still needs, market perfection to remain successful, which in the case of crypto trading is not possible by any means.

Self-Reliance

The website also claims that the robot follows the most advanced API technology and incorporates risk averted trading algorithms to place trades with the highest success rates. Using artificial intelligence and machine learning, it doesn’t need any sort of assistance for accurate decision making. On the other side, the website itself argues that the robot needs configuration. The robot is of no use if not configured appropriately. Well, if the robot is self-relied, why does it even needs to be set?

Unlimited Profits

This is the most attractive pitch robots offer. The site claims that with Cryptosoft, you can make unlimited profits. However, it doesn’t uncover the secret behind its baseless claim. It keeps repeating that the robot can make you rich over a few days without any proof. If the robot is worth investing in, and if it has made profits for its members, the website would have shown the result all over its webpage.

Online Access

Since the robot uses cloud computing technology, you can access it online. The website claims that you can use the trading robot round the clock and that it even works on weekends. It is also argued in favor of the robot that it doesn’t need to be installed on your PC. You don’t have to update it either.

It seems that almost every other automated crypto trading robot available has the same feature.

Easy-to-Use

Cryptosoft trading robot claims to have the design according to the needs of a common man. Its trading interface is so simple that you won’t have any issue operating it. The step-by-step instructions make the robot, even more, user-friendly. That’s instead a true statement, but all other trading robots also have easy to use trading interface. You sometimes only need to select the trading variable from the options given and press start. So, you must not get disguised by the simplicity of the software; it has much more hidden inside to rip you off instantly.

Demo Account

Automated trading robots generally offer demo accounts to enable traders to practise different trading strategies before going live. The provision of demo accounts helps traders to learn without losing their funds. The cryptosoft also takes the honour of offering a demo account. However, it is worth mentioning here that demo accounts are just a replicated version of real market conditions. Things appear to be different when you go live. The fear of losing your investment makes the situation even worse.

Instant Withdrawals

The cryptosoft claims that it has one of the most efficient processes for withdrawals. Clients can have their funds withdrawn within 24 hours after the initiation of the withdrawal request. However, it doesn’t tell you concerning the restrictions being employed on the platform. Traders need to undergo a pre-set limit of trading volume before they can withdraw their funds. We’ve been through many reviews where traders seem to be complaining that they even couldn’t withdraw their initial investment.

Multiple Deposit Methods

The website offering the trading app claims that is has multiple payment methods available to make the deposit process convenient for traders. The platform has quick deposit service and provides a wide range of deposit methods, including debit cards, credit cards, wire transfers, WebMoney, Skrill, Neteller, PayPal, etc. It also doesn’t have any restrictions in place concerning the maximum limit of funds you can deposit.

Quick Verification

Unlike legitimate trading platforms, the website processes your verification request all of a sudden. You only need to deposit funds in your account, and the rest won’t be a problem. However, the website does ask you to provide your name, and email address in the name of account verification as a formality check.

How Does CryptoSoft Work?

Like many other trading robots, CryptoSoft also operates in collaboration with multiple brokers around the world. The procedure is just the same as that of other automated crypto robots. Clients need to open an account with one of the robot’s recommended brokers and deposit the minimum amount specified. Once done with deposits, traders can then configure the robot according to their preferred trading strategies. After the robot has been customized, you may let the robot to start trading on your behalf. Just press the start button and watch the robot placing trades on its own.

How To Get Started With CryptoSoft?

Getting started with cryptosoft is quick and straightforward. You need to follow a few steps listed below.

  1. Open the official website of the robot using your web browser.
  2. Enter your first and last name following your email id and a password to sign in to your account
  3. Enter your phone number to receive a verification code that may be needed for account activation.
  4. Click the checkboxes to confirm your agreement to the terms and conditions also apply that you have no objection to receiving third-party promotional emails. You may ignore the second checkmark if you don’t wish to do so.
  5. Click the sign-up button to get redirected to the broker’s webpage
  6. Select the method you prefer paying with
  7. Indicate the amount you wish to deposit i-e $250 (min)
  8. Enter your card details including your card number, the card’s expiry date, and the three-digit security pin from the backside of your card. If you wish to pay via bank transfers, you need to share a copy of your bank transference receipt with the website.
  9. After having your account funded, contact the website, and ask them to share with you the recommended settings for the robot.
  10. Login in to your account, configure the robot and press the start button.

Is Cryptosoft A legit Trading Software?

No, it is not. The software is being offered under multiple domains so we can’t confirm which of them is the official website of the cryptosoft. However, owing to our experience and countless reviews we’ve done so far on variant auto trading robots, we can tell that the cryptosoft is not different from them.

Almost all of the websites look the same; they all have a section to explaining how does the robot work. Also, there is an FAQ section where you can find the same FAQs being answered. The website doesn’t talk about what trading algorithms do the robot use, and how the officials think the robot can make you wealthier overnights. Surprisingly, the site has no testimonials which are yet another confirmation that the people behind the robot’s invention are after some other motive.

Can You Make Unlimited Profits With The Cryptosoft?

No, making unlimited profits in a crypto market overnights is something you can only dream of. Although people make a lot of money trading cryptos, however, it takes time for that. For instance, people who bought bitcoin in 2008 for just a few cents have now become the millionaire. The destiny of becoming rich for them is not about a few days or a week;  it took them several years to benefit from crypto trading.

Also, the crypto market is the world’s most liquid market having the highest volatility levels. You can’t rest assured what’s coming ahead. Trading with a robot in such a highly liquid market and expecting excessive returns is not real.

Are Cryptosoft Testimonials Real?

What do reviews on Reddit say about Cryptosoft?

We found a lot of negative reviews on Reddit concerning the auto trading robots, including but not limited to cryptosoft. Most of the people seemed to be on the same page complaining about their bad experiences with these so-called auto trading robots. Some users have even categorically pointed cryptosoft and a few other trading robots such as Market Miner, Tradecoins, Cryptosoft, Olympfinance, and Crypto Robots as scam trading robots. We, therefore, suggest people remain vigilant and avoid investing in such scam robots.

What do reviews on Quora say about cryptosoft?

Unlike Reddit, we didn’t have to search much on the Quora. Because as soon as we entered our keywords to search people reviews on cryptosoft, there were multiple links opened suggesting it as a scam trading robot. A member on the “Quora” wrote a few lines about all such scam trading robots including the cryptosoft with full of anger. In his opinion, auto trading robots are good for nothing. The companies offering automated trading apps only wish to take money out of your pockets, he added.

Have Celebrities ever endorsed Cryptosoft?

It has become a trend that every new trading robot that hits the market claims the endorsement of various celebrities. Cryptosoft is also one of them. The internet is full of claims where the robot is said to have been recommended by famous TV stars, business people, and athletes. These so-called auto trading robots do this for a purpose. Their only motive is to enchased the popularity of media persons. The names get quoted after the promotion of numerous trading robots includes Mark Cuban, Piers Morgan, Holly Willoughby, Bill Gates, Richard Branson, and some other celebrities.

We decided to seek the truth and left no stone unturned to discover the reality. What we found, let us share with you as well.

Pier Morgan: A famous media person is quite often named to have endorsed variant trading robots including the Cryptosoft. However, the celebrity spokespersons have denied all such claims repeatedly, and they did the same this time. Piers Morgan has never endorsed the Cryptosoft auto trading robot.

Bill Gates: The Microsoft founder Bill Gates has also been named after the fake publicity of different auto trading robots. However, besides Bill Gates’s immense interest in the future of bitcoin, the celebrity has never endorsed any auto trading robot or recommended people to invest in them. As far as the endorsement of Cryptosoft is concerned, it was also fake.

Holly Willoughby: Holly Willoughby is one of the most appreciated and loved models and TV presenters. Some fake elements make no excuse to use her name for marketing their unsold products. The same is the case with the cryptosoft. It was claimed that Holly Willoughby recommends the robot. However, when she was contacted to confirm if the news concerning the cryptosoft endorsement is for real, she rejected it. She seemed annoyed and expressed her intention of taking a legal follow up on the responsible using her name to promote their brands without permission.

Richard Branson: An English businessman and the founder of one of the world’s largest group of companies Richard Branson is also said to have recommended people to invest in the cryptosoft auto trading robot. Upon asking to share his reviews on the endorsement of cryptosoft, he refused even to recognize it.

It was crystal clear that the robot has manipulated information available on the internet, and there is no reality in all those claims that the cryptosoft makes about its endorsement.

Has CryptoSoft ever appeared on TV?

It’s a general trait of humans that whenever we hear something new on the TV, we try to find more about it. Obnoxious factors out there seem to be well aware of this human trait. That’s why we get to hear about various auto trading robots claiming that they appeared on TV. However, none of the auto trading robots we’ve reviewed so far has ever appeared on the TV. The website offers Cryptosoft also claims that the auto trading software has been on air on different TV channels and shows. The most popular TV shows claimed by these scam trading robots include Shark Tank, Dragons Den, and This Morning.

This Morning:  Sone resources say that the UK’S top favorite morning show “This Morning” endorsed the Cryptosoft auto trading software. It was not the first time that an anonymous robot is claiming to appear on the TV show “This Morning”. A lot of other scam crypto trading robots also claim to appear in the show. It was pertinent to ask the concerned resources to shed some light on the authenticity of the news. An adverse opinion came out, in turn, confirming the story to be forged.

The TV show started almost thirty-two years ago and is equally popular amongst the people as it was three decades ago. The program hosts include Eamonn Holmes, Judy Finnigan, Holly Willoughby, Phillip Schofield, and a couple of other famous TV Stars. According to the spokespersons of the show, it has now become a headache for them to disown the undue claims by various fake elements. The officials also confirmed that they are seeking legal protection to deal with such factors once and for all.

Dragon’s Den: Dragon’s Den is Britain’s most popular business reality show broadcasting in the UK for more than fifteen years. The first episode of the show aired in 2005. The show has a panel of five multimillionaires including Peter Jones, Tej Lalvani, Deborah Meaden, Sara Davies, Touker Suleyman, and a few others.

The program theme works in such a way that it provides three minutes to the rising stars, or in other words bidding entrepreneurs come up with innovative business ideas and persuade the multimillionaire investors to invest in their projects. It seems that Cryptosoft has cleverly selected the show for the promotion of the so-called scam trading robot whose format allows it to make people disguise as if it had the approval of investors. Cutting a long story short; there is no evidence on internet that could prove that Cryptosoft has ever appeared on any TV show.

Shark Tank: Shark Tank is an American version of the UK’s famous business reality show Dragon’s Den. It’s also been quite a long that the program broadcasted in America. Currently, there are more than five investors known as the sharks of the tank, including Barbara Corcoran, Robert Herjavec, Kevin O’Leary, Mark Cuban, Lori Greiner, and a few more. The show has a similar format as that of the dragon’s den. Entrepreneurs across the country need to win the heart of the shows investors to have their projects funded.

To confirm if the Cryptosoft was ever aired on American’s most favorite show “Dragon’s Den” we explored the internet extensively. However, no such information was available on the internet that could confirm the authenticity of the cryptosoft claim.

Pros & Cons

Advantages of CryptoSoft

  • The cryptosoft supports cloud computing and is therefore accessible round the clock.
  • The cryptosoft trading interface is simple to use.
  • It offers multiple deposit and withdrawal methods.
  • The user can set up their account in less than few minutes

Disadvantages of CryptoSoft

  • Multiple domains offer Cryptosoft, take it to look suspicious.
  • Cryptosoft is not regulated. Therefore, the safety of your funds always remains at stake.
  • The robot doesn’t support forex pairs.
  • It has terrible customer support.

Summary

After a detailed review of the Cyptosoft, we conclude that Cryptosoft isn’t worth your investment. The trading app has the same features as all other scam trading robots have. The robot makes false claims concerning profit generation and has no testimonials in support. Since the robot “exists” on multiple online websites, you need to remain more vigilant while signing up with the robot. It would even be better to stay away. We, therefore, do not suggest people invest in Cryptosoft software. Instead, you can consider investing in some other legit trading platform such as eToro.

eToro is the leading cryptocurrency exchange and a social trading platform that offers multiple assets to trade. eToro is regulated by the world’s most reputable regulatory institutions i-e ASIC, CySEC, and FCA, eToro is one of the safest trading platforms available around. eToro is equally appealing to both skilled and novice traders in a way that it offers generous leverages to increase your returns and allows copy trading through its social trading platform. Hence, you remain profitable from day one. With the eToro’s digital wallet, you can convert your eToro assets to your favorite cryptocurrencies, as it supports more than one hundred cryptocurrencies.

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Margin Trading: YES
Minimum Deposit: $200

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Frequently Asked Questions (FAQs)

No, it doesn’t. You can only trade cryptocurrencies using the cryptosoft automated app.

No, it is not. Crypsoft is an auto trading software designed to trade crypto markets automatically.

The minimum amount to start with the Cryptosoft is $250.

Yes, it does. Almost all auto trading robots, including the cryptosoft, have the feature of manual trading. Sometimes when you don’t feel satisfied with the robot’s performance, you can have the control in your hand.

Yes, it does. You can use multiple methods to deposit funds in your account, including debit cards, credit cards, bank transfers, and e-payments.