After observing CryptoIndex website for some time, we’ve decided to write a review about it. And in this review, we will confirm your worst fears. There is a 100% chance that Crypto Index isn’t paying the alleged profits. For that reason, you might just end up losing money to this site.
But before we label it a scam, we’d like to present the facts here and let you see the bigger picture and why Crypto Index isn’t the best place to invest your coins at.
For those of you who want to get started with mining cryptos, these companies offer the best opportunity for Bitcoin cloud mining. There’s no doubt about it.
As for CryptoIndex, it’s complicated. There is no guarantee that you will make any money. In fact, there is a real risk of losing your entire capital in the hands of this site.
So, what exactly is CryptoIndex, and why do they believe that they can make you some profits anyway?
Well, CryptoIndex is a Bitcoin cloud mining and trading company. At least this is what they claim on their site. They also claim that they have a team of expert Cryptos analysts, traders and financial experts who work for them as employees. But is there any truth to this statement? Definitely not. There is no real way to confirm whether CryptoIndex has real employees behind the scenes. It could as well be a one-army operation on the internet.
👉 Want to make money automatically with Bitcoin and Cryptocurrencies without the risk of trading yourself? Are you ready for self-custody of your investment funds? Do you like the sound of regular consistent results and profitable performance? Tired of the forex and crypto scams, false promises and games out there designed to separate you from your hard earned funds? Stop everything! ETBOT is for you! With the ETBOT software, only YOU are in control of your investment funds. The software works using API Key connections that only YOU set up and control. The ETBOT service and mother company EndoTech has been making investors hundreds of percent a year in proven gains since 2012! They use the volatility of the Crypto market to trade long and short using breakout techniques and strategies powered by real Artificial Intelligence. This year so far ETBOT has made over 75% for clients since January 1st, 2020. If you are ready to leave the trading to the professionals and upgrade your monthly income, now is the time, head to ETBOT now and buy your subscription to get started. PS: ETBOT is a Profitable Forex/Crypto Trading Bot. 100% Verified and Recommended by Valforex.com.
Of course like any other Bitcoin cloud mining website on the internet, this one too promises some crazy returns when you invest with them.
Since they ”trade and mine on your behalf”, they claim that it’s possible to earn up to 15% daily return on investment. This kind of thing is very common in the Bitcoin investment niche. Nearly all cloud mining services now make crazy promises on the supposed amounts of money that their investors can earn on a daily basis. And that’s where the problem is. It is often easier to spot scams, going by their daily income promises which they give on their sites.
If we were to rely on the figures which this site is giving us, we would make 450% each month and forever. Again, your instincts should tell you that this is not realistic.
Although the price of Bitcoin is rising by the day, there is no way you can make 450% monthly return on investment. Anyone who says otherwise is definitely selling you snake oil. You need to resist such websites by all means. So this makes CryptoIndex a pretty obvious scam, don’t you think?
CRYPTOINDEX LIMITED is actually a UK-registered company. Company incorporation number is “10964999”.
You might think that company registration means legitimacy. Apparently, this isn’t the case. Many Bitcoin cloud mining websites are now seeking UK company registration and starting websites to promote their fake businesses.
Most companies that do this kind of thing don’t even have real data centers to start with.
In the case of CryptoIndex, we found zero evidence that these people were maintaining data centers and are having full time employees to run their company.
Moreover, this company’s site is so new. You can’t rely on them at all because they could be here today and disappear in a couple of months from now.
But they’re very clever dudes indeed. Their trick is to aggressively advertise this service so they can send huge traffic to their site. This automatically means that the domain will improve its Alexa ranking, thus giving the impression that it’s a popular website used by hundreds of investors.
The bottom line is this: company registration means nothing. You can still get scammed by these websites which purport to have UK registration numbers.
Also, since CryptoIndex is operating in the financial space, where they take your Bitcoin and supposedly multiply it, one needs to assume that this website is registered with the FCA.
Unfortunately, this isn’t the case. So it’s actually illegal to operate these schemes on the internet. Authorities may not do anything about it. But the average investor will definitely keep losing money.
While this point should be treated as a con, we also treat it as a red flag that this company could be potentially looking to engage in shady activities.
They have an ”about us” page. The problem with the information written on this page is that it doesn’t state anything to do with this company. Instead, it talks about Crypto currency and how the price is going up. It talks of how investors are coming in, putting their money in this trade and making good profits at the end of it all.
Isn’t an ”About us” page on a website supposed to only talk about the company in question? Of course yes. But why is it that CryptoIndex isn’t telling us much about them?
That should be considered another red flag. If this company is indeed registered, it should mean that they already have a track record of what they’ve done or what they are intending to do.
But as far as we are concerned, this site doesn’t have any track record to their name. If you look at the theme of this site, it isn’t very convincing. You immediately get the impression that you will be scammed. It’s written all over the face of this website. So this actually counts against them because nobody can believe what they are saying on that site.
The site is SSL encrypted. That means your transactions should be safe. But not in the sense that you won’t risk losing your Bitcoin if you send it to them.
In fact, most scams operating in the financial and investment niches now have some form of SSL encryption. But they still collect deposits from members of the public and end up disappearing with that money. Therefore, an SSl certificate is not a sign of legitimacy.
The same applies to DDOS protection. These features aim to protect the website against vandalism. They have nothing to do with the safety of your funds. In fact, if you took chances based on what you’re seeing on this site, you’d be terribly disappointed in the end. You don’t want this to happen to you, right?
If they were paying investors, we are sure that these people wouldn’t take the money, sit back in silence and continue enjoying the wealth without any feedback coming from them.
CryptoIndex doesn’t have any client feedback, which makes it a very dangerous website to invest with. Let’s wait and see if people will warm up to it in the Bitcoin forums.
The estimated return on investment is still bothering us. We find these numbers hard to believe because no legitimate business can make you 15% daily return on investment. There isn’t any exception with this rule of thumb. If something sounds too good to be true, then it definitely means that we are dealing with a scam.
There is only one smart way to invest in Bitcoin. Sign up with these companies and ignore the rest. But if you want to lose your money, you can go ahead and donate it to CryptoIndex.
Help Us Fight Scams. Please Donate to Support Our Work. No Amount is too Little or too Big. Thank You..
February 8, 2019 By Ghazanfar
The phrase ‘Necessity is the mother of invention’ seems true for Iran. This is because Iran has unveiled its own...
February 8, 2019 By Ghazanfar
In spite of long bear market, Bitcoin transactions per day are increasing. Today the level of these transactions has touched...
February 4, 2019 By Ghazanfar
Although bear market in crypto world is extending, yet many fiat currencies are facing the threat of destabilization. This is...
February 4, 2019 By Ghazanfar
In spite of mix signals from the cryptocurrency world about the future of cryptocurrencies, many countries are planning to test...
February 3, 2019 By Ghazanfar
The idea of Bitcoin adoption as an international currency is not at all new. Over the years, many financial experts...
February 2, 2019 By Ghazanfar
Bitcoin’s entry into the longest ever bear market in history is one of the most burning issues of today. The...
Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity… Read More