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CryptScalper Review: It’s a Crypto Investment Scam

CryptScalper Review: It’s a Crypto Investment Scam

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CryptScalper advertises the use of an AI software that can take small trades and convert them into huge gains.The fact that this platform claims to offer an AI trading bot means they are offering a security to members (if at all it is true that such a robot exists which we highly doubt by the way.

In fact, they are promising the trading community the following: “We want to stand out from the rest and we will provide features that never have been seen. Our biggest strength will be the sharing of all our trading results and live sessions with Q&A.”

They are also claiming to be a very transparent trading operation:

All our trading results will be published. Live trading sessions will be broadcasted. Live Q&A with our traders during sessions.

Besides, they want traders to believe that CryptScalper will deliver daily returns without fail and this is where we start to suspect that we are dealing with a Crypto scam or a ponzi scheme for that matter.

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Investors will receive payouts daily straight into their members dashboard.

This website provides no information on its website about who owns or runs the company. CryptScalper’s website domain (“cryptscalper.com”) was privately registered on September 19th, 2019.

On their website CryptScalper claims to be incorporated in the UK as “CryptScalper LTD”. UK incorporation is dirt cheap and for the most part unregulated. It is a favored jurisdiction for scammers looking to incorporate dodgy companies. The London address CryptScalper provides on their website belongs to a charity store.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

Note: this website is obviously a Crypto scam or a ponzi scheme for that matter. We would like to lead you to the right direction as far as these kinds of investments are concerned. For trading in Crypto currencies, we advice that you visit this page.

CryptScalper Review

There is no evidence of CryptScalper engaging in any trading, or using any other external source of revenue to pay affiliates with. This leaves new investment as the only verifiable source of revenue entering CryptScalper. Using newly invested funds to pay affiliate investors a daily return makes CryptScalper a Ponzi scheme.

CryptScalper has no retailable products or services. But they would like to persuade investors otherwise. The website has lots of promises which they are giving to investors in the hope that they will be gullible enough.

Due to our leveraged trading we can store 50% of all deposits in our vault which guarantees the health of our platform.

Their about us section of the website says the following:

Cryptscalper is the name of our AI trading platform. We are building the most powerful money making machine by combining the 20 year+ experience of our traders with the power of artificial intelligence.

Who we are

Cryptscalper has officially registered as a UK limited company. As soon as our certificate is delivered we will publish this on our website. Cryptscalper LTD  is specialized in development of AI trading solutions and fund management. After 10+ years developing solutions for private companies we decided to launch our own platform where we will deliver our services to every single person worldwide.

Affiliates are only able to market CryptScalper affiliate membership itself.

The above statement does not represent who they are really well. It is full of misleading info and lies as well. Look at their mission statement: Our goal is to provide our investors a daily return in the most safe way possible. That is the reason why we opted for leverage trading with a small leverage but still allows us to keep 50% of all deposits in a security vault.

It further spreads the lie and misconception and all of this is meant to cheat investors into parting with some money.

CryptScalper’s Compensation Plan

CryptScalper affiliates invest funds on the promise of advertised daily returns.

  • Starter – invest $10 to $99 and receive 1% a day for 90 days
  • Investor – invest $100 to $249 and receive 1.5% a day for 75 days
  • Trader – invest $250 to $2499 and receive 2% a day for 60 days
  • Pro Trader – invest $2500 to $100,000 and receive 2.5% a day for 45 days

Referral commissions are paid on invested funds down three levels of recruitment (unilevel):

  • 5% on level 1 (personally recruited affiliates)
  • 3% on level 2
  • 1% on level 3

Joining CryptScalper

CryptScalper affiliate membership is free. Full participation in the attached income opportunity however requires a minimum $10 investment. Investment into CryptScalper is either made through PerfectMoney, or in bitcoin, ethereum or litecoin.

CryptScalper claims to generate external revenue via an “AI trading platform”, that supposedly uses “leverage trading algorithms”. Rather than register with financial regulators and provide legally required accounting reports however, CryptScalper hangs its legitimacy on basic UK incorporation.

Is Cryptscalper legit?
Yes we are legit (this is a lie of course). We are officially registered. We have officially KYC verified trading accounts on several platforms and we are licensed in the UK. Basic UK incorporation is not the same as being licensed to offer securities. Securities in the UK are regulated by the FCA, which CryptScalper is not registered with.

There is no evidence of CryptScalper engaging in any trading, or using any other external source of revenue to pay affiliates with. This leaves new investment as the only verifiable source of revenue entering CryptScalper. Using newly invested funds to pay affiliate investors a daily return makes CryptScalper a Ponzi scheme.

Our best advice for you

As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will invested funds. This will starve Crypt Scalper of ROI revenue, eventually prompting a collapse. The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.

You need to find a way to trade Crypto currencies on your own. Training takes time and it is the longest route. It is reserved for those who can persevere in the longest run. But these Crypto trading bots are giving you a chance to trade even with zero experience.

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