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Cryptoarena Review: Cryptoarena.uk an Obvious Crypto Scam

Cryptoarena Review: Cryptoarena.uk an Obvious Crypto Scam

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Cryptoarena.uk is a company that assures investors they will get good returns if they invest with them. The platform brags that it has an experienced team that handles its financial activities. Additionally, the firm allegedly has been in the market for ten years.

Unless this venture was using a different domain name, what they claim does not make any sense. A quick search on Whois will show you that the entity does not have a trading history. They are operating like a Hyip targeting novice traders in the industry.

Investors should stay away from this desperate scam to avoid losing money. We tried looking for legit investors who have tried their services only not to find anyone. The feature certificates to show you that they have high-security measures. Unfortunately, this does not help in keeping you or your funds safe.

Investors should be scared of Cryptoarena.uk because they are the biggest scammers in the market.  The entity guarantees that you will get huge profits once you deposit money in their system. After you sign up, you can begin generating huge returns.

Cryptoarena Review, Cryptoarena.uk Platform

It seems there is nobody who is running this entity. They only claim they have a team of experts, but no background data is available. It seems this is a plan of an individual scammer who is confused. The only thing that they are after is your money. Therefore, forget about become rich; that is just a fantasy.

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Cryptoarena Review

The company is conducting investment in various fields. They are trading digital currency, forex, and real estate. They do not know how to specialize; the firm wants to target customs from every sector. However, there is no trading activity taking place in this venture.

The company only gets funds from their existing clients. They do not have a source of income, and hence this is a pyramid scheme. The information that they present on their website sells them off as a Ponzi scheme. The platform claim to be dealing with forex, yet we do not know the currency pair that they are trading.

Additionally, we do not have any information regarding the spreads, leverage, or trading lots. Moreover, nobody is aware of the average win rate of this venture or their drawdown. Cryptoarena.uk fails to feature their trading results. If at all, their business is very profitable, what is the entity hiding?

Legit crypto trading companies will provide all the relevant data that can help them to acquire customers. It is only Ponzi schemes that operate in a shady manner without having transparency. The trustworthy entity will even feature their founder and team.

The scam entity has not done much in proving they are worthy of their client’s trust. You should not trust questionable characters like this venture. Ensure that the company you choose to target has a verifiable history.

Investment Plans and Returns

To start earning, you have to sign up by opening a trading account. Then deposit funds and start generating income daily. If it were this easy, nobody would ever go to work.

Cryptoarena.uk is a company that has very insane returns for their clients. The company has four investment plans that do not even have a name to distinguish them apart. The minimum amount that you can deposit is $100, while the maximum figure is $50,000.

The more you deposit, the higher your profit will be. However, we do not advise any trader to trust the scam with a penny. You will only end up losing more funds. They promise clients daily returns that range from 5% up to 50%.  Attaining even 1% is a big deal in the current market.

It is very hard to generate such an amount within 24 hours. The entity does not mention having trading software, and even if they did have one, the profits are still wanting. This is a fantasy that will end with depression due to the loss of huge funds.  Ponzi schemes only pay at the initial stage, but eventually, they will stop.

Customer Support

The platform claim that it has a reliable customer support team that is also professional.  You can contact them via live support to get answers to all your queries.  The entity features a fake office address on their website, which we do not see the need for highlighting.

The customer support can be contacted via email; [email protected] or on the phone at+1(306)4038024. The possibility of this scam being based in the UK is very low. Investors should look for red flags that Ponzi scheme displays.

Moreover, the scam will contact you when they need more cash from you. If you make the mistake of cashing in a large sum of cash, you will only end up regretting it. They will hold your money and even block you.

Registration and Regulation

Cryptoarena.uk is a firm that is registered in the United Kingdom; however, this does not act as their license. The registration certificate is cheaply and easily accessible in the UK. Investment companies should have a license from the Financial Conduct Authority.

Unfortunately, this entity has not met the requirement of being a transparent venture for them to be awarded the title. The financial watchdog might issue a warning against this scam. They are illegally operating, exposing its clients to huge risks.

It would be best to stay away from this scam to avoid losing funds. You will not get fund safety from here; this is because the venture does not safeguard the money of their clients in different accounts. Moreover, they also don’t have a compensation scheme in place.

Once they exit the market, you will not have anybody to blame. Stay away while you still can. Eventually, investors will suffer a considerable loss. The governments are trying their level best to keep everyone safe. You can check on various regulatory bodies to see whether a venture is licensed before you engage.

Clients Feedback

The company has two testimonials on its website, as well as on Trustpilot. The profile that they feature on their platform appears as though the pictures are for minors. They claim to have received the profits from the entity.

The information appears to be fake, and these are stock images. Additionally, they have paid clients to endorse them on trust pilot. As long as there is no proof of payment, do not believe these claims. Ensure that you have evidence before investing blindly.

The monitor of the Trustpilot platform is not very strict. You can also tell from the kind of info left behind that the entity is not profitable. You should refrain from giving them your funds.

Final Verdict

The company claim that it was established in January 2010. Hence they have been in the industry for a decade. If this is correct, why haven’t they publicized their trading results? Moreover, the statistics that the feature does not create confidence.

The company lies about their history, which is a major red flag. There is no possible way they have over 65K active accounts. It takes time to win over clients, and the scam makes it look easier.

You can invest with legit digital currency trading software in the market that will give you real-time earning. You should not waste your time with Cryptoarena.uk because they have no trading products or services. Furthermore, we do not know their trading conditions.

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