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CryptoNXT Review: Cryptonxt.io Crypto Trading Scam

CryptoNXT Review: Cryptonxt.io Crypto Trading Scam

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CryptoNXT (Cryptonxt.io) claims to be a Crypto trading and Crypto mining platform. From the outside, Crypto NXT is selling itself as a way to progressively use technology to mine Crypto. What most investors and traders don’t know is that this is a ridiculous mining and trading platform. With no proof of ever mining or making any profit, you should avoid it. Read this transparent CRYPTONXT Review and get the truth.

CryptoNXT Review

CryptoNXT Review

The main problem with their website is lack of proper information regarding their products. A website that is far from being users friendly speaks volumes as to why this is a shoddy platform. Once you click on any of their pages, you are directed to their homepage. And this is the first bad impression we got after going through their website. Without proper user friendly platform, the entire website looks like a clone. In reality, this is a platform that is being operated by Cryptocurrency scam artists.

CryptoNXT claims to be the most trusted Cryptocurrency exchange in the market. These false claims are meant to drive investors into signing up. Real and reliable Cryptocurrency trading products are backed by Crypto experts. No one in the Crypto trading world seems to know the platform’s history. And this is a huge problem as smart investors stay away from anonymous platform with no proven history. When mining Crypto currency, it is best to go for an approved and trustworthy Crypto mining company.

About CryptoNXT

Looking at their contact page, the platform claims to have offices in three countries. The countries listed include Canada/USA, London, and Zurich. These three spots give the platform the recognition they want from Crypto investors in these regions. And it has worked for them as most victims of the scam come from these region and others. You should never trust a platform with no mining or trading history. And this is why you must read reviews from trusted sources and know more before committing funds.

Anonymity is another problem as no one wants to invest in a platform whose real owners are anonymous. We cannot tell who the staff members are or the founding members of the platform. And this makes it a terrible website as members are depositing funds to an unknown entity. You better stay away from it and never sign up with any anonymous online investment platform. They even fail to post any of their social media handles which makes it even more suspicious.

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Crypto Features

CryptoNXT is inviting Crypto enthusiasts and traders for a chance to mine their own digital currency. They claim to offer cloud mining services as well as buying and selling Cryptocurrencies. Traders will earn money when the ratios of Crypto exchange change; this is according to their website. Other claims include allowing members to withdraw funds at any time which is a lie. No member has been able to withdraw funds with this illicit platform. And this makes it a regrettable platform to associate with.

Account plans

CryptoNXT Payment Methods

Sadly, the entire website has no information regarding the set plans. Without clear account plan details, how do they expect users to sign up? How will users know the acceptable minimum deposit? And this is one of the red flags we must raise as CryptoNXT is in violation of set industry rules. Any platform must adhere to the minimum required deposit. The platform is asking for different sums which mean they are not following protocol. You better stay away as they will demand more from unsuspecting traders.

Contact and Customer Support

CryptoNXT is using a ChatBot to reply to chats. The problem is that the bot takes forever to give any meaningful reply. In some cases, you will never get any response and it is as if the platform shut down. A real Crypto mining and trading platform offers real live chat support. This enables traders from different time zones to get ample solutions when they need them. Without a working chat system, it makes CryptoNXT unreliable. The entire time we investigated this platform, no reply came.

Deposit and withdrawal options

According to what has been listed on their homepage, CryptoNXT is accepting funds from other Bitcoin exchanges. Some of the listed payment methods include Coinbase, Coingate, Coinmama, and Luno. The problem with CryptoNXT is that they never give full information regarding withdrawal charges. Furthermore, no member has come out with withdrawal proof. And this puts all investors at jeopardy. CryptoNXT is another web based platform that never allows traders to withdraw funds.

According to the terms and conditions, a trader has to achieve certain trading volume to withdraw funds. Accounts which take advantage of bonus promotions also have a huge problem when it comes to withdrawing funds. The scam artists have purposely used this to impede members and traders from withdrawing funds. You should get to read and understand the terms and conditions before committing to this platform.

Trading Platform

Another issue we found with CryptoNXT is their unknown trading platform. We don’t know the harsh power they offer or the terms of using their trading platform. All we know is that their trading platform is full of holes. The website does not have a security firewall, which puts all visitors at risk. And the same can be said with their platform as they are unstable and shut down without warning. Members have been complaining of slow execution speeds especially with mobile devices. The platform is not compatible with most smart phones which is a far cry from other trading platforms.

License and Registration with CryptoNXT

When it comes to having a proper mining and trading license, this is another huge issue. CryptoNXT is NOT LICENSED by any regulator to offer mining or trading services. We checked with major regulatory bodies in the three regions they claim to have offices. The FCA, NFA, and Swiss FINMA have never licensed this platform. Crypto NXT is operating without a valid license and is putting traders at risk. Once you use a platform with no valid trading license, your funds are never safe. The platform does not insure any funds deposited as dictated by trading regulations.

Safety of funds with CryptoNXT

CryptoNXT Trading Platform

Another disturbing feature with this platform is that they don’t secure funds. Without segregation of accounts, it means CryptoNXT is pooling funds in one account. When a platform behaves this way, it is clear no rules are being followed. Never expect any compensation as the platform does not participate in a compensatory scheme. By pooling funds in one account, it means members are depositing funds straight to owner’s bank account. Without knowing it, members are filling the pockets of these scam artists.

Scam or legit

Evidence clearly shows we are dealing with a rogue online Crypto mining and trading platform. These scam artists will be laughing all the way to the bank after unsuspecting investors make deposits. You should avoid being their next victim by staying away from it. Warn your family and friends from joining any of their affiliate programs. The affiliate programs do not offer any commissions. No affiliate has received any commission from this platform which is a clear indication of things to come.

Final thought

To protect our readers, we have to blacklist this Crypto mining and trading platform. Do read our reviews as we help expose scams and direct investors in real and reliable trading products. These scam artists must be stopped and we hope authorities will take note. Such blatant disregard of trading laws should be met with extreme justice.

We wish all traders a prosperous time with online investing and trading.

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