A crypto investment platform that claims to use AI technology is the reason for this post. CryptScalper (Cryptscalper.com) review was conducted for over a month to find out what the vendor is up to. The platform has a sales tag that claims to make small trades into huge gains. These are sales pitches from MLM scams and Ponzi schemes. With the number of complaints rising by the day, we have to expose this platform. Read this entire Crypt Scalper review for more.
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The name is as a result of AI technology that is used to make huge gains, according to the developer. We landed on their homepage and found out that the vendor is claiming to have 20 years of trading experience. CryptScalper Ltd is the company behind this platform, and they claim to be based in London. A closer check with the company registrar shows no such entity exists. And this has led us to believe that we are dealing with a rogue crypto trading platform.
On their homepage, they claim that they are waiting for their certificate to be delivered. After delivery, the certificate will be published on their homepage. The platform claims that a team makes the robot of highly experienced developers. With no names mentioned, the vendor expects us to trust whatever they say. The vendor goes ahead and states that they keep 50 percent of all deposits in a security vault. From our experience, crypto vendors don’t need a vault; they need E-Wallets.
We checked the entire homepage for information regarding the available types of crypto instruments. And this is an area to note with online scam artists. These scam developers ensure they fail to give ample information on the trading instruments. There are a variety of digital assets such as Altcoins, Bitcoin, Bitcoin Cash, Dogecoin, Litecoin, and others. The vendor has failed to give users an idea of the exact trading instruments. Investors have to sign up first to know which trading instruments are available.
There is no mention of who runs and operates the platform. With a UK address, they lead users to believe that the platform is located in London. These could be offshore brokers trying to target European crypto enthusiasts. We are dealing with another anonymous trading platform with no solid operating base. The vendor does not list a matching phone number on their address, which is a problem.
The few users who vented their anger on trading forums have similar experiences. These users are angry with the platform as they lost their funds in an instant. There is not a single user who has been able to withdraw funds with the platform. After being led to believe the platform offers withdrawals after two days, it’s now months. The vendor is not in the business of transparency. These comments are a sure sign of what to expect once you sign up with an anonymous Crypto platform.
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With the platform claiming to be based in the UK, we checked with the Financial Conduct Authority. It turns out just as we expected that authorities do not yet regulate CryptScalper. The platform claims to be on the waitlist, which is another false claim. After commenting on the platform, the FCA INSISTED there is no such platform on their waitlist. And this means that the vendor is lying about applying for a valid operating license. It means they are also lying about the expected ROI.
A platform with no regulatory approval spells doom for anyone who signs up with them. What looks like an open trading platform is nothing but a scam waiting to pounce. With no regulatory status, the vendor does not offer any security of funds. And this is a problem for whoever signs up. The vendor is unable to protect users since they don’t provide insurance coverage for deposits.
After checking out their domain history, we noticed that the platform is barely a year old. The site went live on 19th September 2019. With just a year on the clock, the vendor already has several complaints against them. The trend is set to continue with the platform being developed to continue defrauding investors. One way of exposing the platform is by sharing this post with your friends. There have also been over three IP changes over the past year. It could signal that the vendor might be peddling other products within the platform.
The platform promises daily returns, which will reflect on a member’s dashboard. It is true; users get to see the daily profit raise the amount on their accounts. What is the main issue with their daily return’s profile is a lack of withdrawal. Other features include a reserve vault, which is said to hold 50 percent of the total earnings. The vendor goes ahead and claims to have 24/7 support, which is not the case. There are over 518 accounts according to the homepage, which we believe is an excessive number. Scam artists will do or say anything to try and make their platforms appear worthy.
CryptScalper is offering four plans on its platform, and the minimum deposit is $10. There is the Starter principal, Investor principal, trader principal, and Pro trader principal. These are the available plans on the platform. The Pro trader principal is the premium plan, and investors have to deposit a minimum of $2,500 to start. What we have noticed is a jump in the acceptable deposit, which means the vendor is profiting from accounts.
When it comes to contacting the platform, the vendor knows how to hide their tracks. The vendor lists an email address and gives a message board for users to send their queries. Claims of 24/7 would be substantiated with live chat support. There is no live chat or a phone address where users can make direct contact with the vendor. And this is on purpose as the vendor wants no one to track them down. They are likely afraid of the blowback they would receive from authorities and victims.
With no actual results to show that the platform works, it remains to be a demo account. In our eyes, the platform acts as a demo account only that users deposit real funds. It is a demo account as the platform increases the account balance and blocks withdrawals. No user has experienced the benefits of using this platform. No one has come out with proof of withdrawing funds from the platform. All these facts point to a platform that is openly stealing from investors.
CryptScalper is a scam, and there is no doubt about it. The vendor is fooling investors by adding funds to their accounts and blocking withdrawals. It seems that the vendor is using simulation to deceive investors into believing the bot works. And this is why we have to flag down the platform as a scam. Users need to stay away from the platform and use industry-approved crypto products.
There is no way we would recommend a platform that offers no trading results. The crypto platform is a scam, and traders must avoid it.
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We wish all traders a safe trading experience.
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