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Krakenstocks Review: A Bitcoin Investment Scam

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Krakenstocks Review: A Bitcoin Investment Scam

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Another Bitcoin investment scam to watch out for is Krakenstocks. Kracken Stocks, we are told, is the brainchild of Scott Greenwood, who resides in the UK. Our attempts to make out who this person is have hit a wall. Krackenstocks.com offers unrealistic profit margins to investors. And this is the reason why we have to expose the platform. The people behind it are exploiting naïve investors with these obnoxious claims. Learn the truth in this detailed and eye-opening KARKENSTOCKS Review.

Krakenstocks Review

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About Krakenstocks

According to the homepage, the platform is managed by the company with the name krackenstocks.com. They claim to have a team of highly dedicated staff members working to achieve set goals.

There’s no mention of these experts who toil to make investors get 5 percent guaranteed daily profit. It would help if we knew who handles funds or their level of crypto expertise.

Once you land on the homepage, you get a feeling you’re in the right hands. They use enticing web design to trap naïve investors. We have to give it to them for creating an engaging website.

None of this would have happened if not for their compelling website. Despite having an aesthetically appealing website, there are red flags that the naked eye can’t spot. Thanks to our years of experience, we can spot their tricks a mile away.

Account opening process

When opening an account with the platform, we were shocked to learn it’s free. It goes beyond logic to offer such accounts for free if, indeed, they offer such profit margins. But it’s all a charade to ensure all classes of investors sign up.

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As long as you have funds, you can deposit with the platform. You don’t need any experience, as the platform claims to help you make an insane profit. How they claim to do so remains a mystery.

As we attempted to withdraw funds for the first time, this is when things turned haywire. Our attempt to withdraw the $100 we deposited turned into a cat and mouse game. No word from support as to why we couldn’t withdraw funds.

We are dealing with unrealistic profit margins, with withdrawal being a problem. Without withdrawal, it makes kraken stocks totally worthless.

Affiliate and referral commissions

There’s a 10 percent maximum referral program for deposits made by referred members. The platform also four affiliate plans to help enlist other members. Before becoming their ambassador, there are a few things to note.

krakenstocks.com Affiliate plans

Once investigations are underway, affiliate members will be seen as accomplices to online fraud. These members have been directing naïve investors to a crypto scam platform. Avoid having a bad reputation and ignore interacting with the platform.

Available Kraken investment app

This platform goes ahead and offers an app for their investment platform. You can find the app on Apple and Google stores. The experience of some users is seen in the Google app comment section.

Most were unhappy with the personal questions the app was asking for verification. To verify your account when withdrawing, the app asks for bank statements and credit card details. You will also have to send a copy of your ID.

We strongly believe these are tactics to harvest banking information from members. The people behind krakenstocks will soon charge your credit card with online purchases. One client swears their bank account was swept clean. Luckily for them, the bank account had a balance of $400.

Business custodian

Although they claim Scott Greenwood is the person behind this platform, we disagree. Our investigations could not yield any person under this name associated with Kraken stocks. It goes to show that they are using a random name.

Even the app’s owner is anonymous, which points to their end game. Soon, they will shut down the account once they have their fill. Avoid signing up with platforms that have anonymous features.

Comments from users

The platform has no social media presence, which is another red flag. You expect such a platform to have some social media footprint. They fail to do so to avoid any backlash from the online community.

Once word goes around, they are a scam, their lifespan greatly diminishes. What users all seem to share is the distaste of their experience with this platform. All claim they wouldn’t want anyone else to go through their experience.

Domain insights (krakenstocks.com review)

Domain checker tools show the website went live in January 2021. It’s barely four months in, and they already have a ton of complaints. The name of the registrant is redacted for privacy reasons.

We did notice they share the same server as other crypto scams. The website also has a low trust score with leading search engines. It goes to show the downward spiral the website is going through via comments from users.

Features of Krakenstocks

Account and investment plans

Krakenstocks Investment plans

There are four plans to choose from with kraken stocks. These plans include ROIs of 5, 6.5, 7.5, and 10 percent guaranteed ROI profit margins. We won’t even go into details with all the plans. The platform does not achieve these numbers.

If they did, there would be satisfied clients. All we have are accounts and plans used to entice naïve investors into depositing funds. We hope authorities act quickly and shut down their operation.

Contact and support

On their support page, you only get a message board that opens a support ticket. There’s a live chat tab, and the agent takes years to respond. We do have an issue with their support system. There’s no direct line to support, and we couldn’t find any phone number.

It would be best if you kept in mind they have all your contact information. It makes sense for them to share their phone number with users. The people behind it don’t want to communicate directly with their victims.

Deposit and withdrawal channels

The platform only accepts E-currency as their mode of payment. It’s no good depositing funds and expecting to make daily ROIs as projected by the plans. Since no one gets to withdraw, funding the account is actually losing money.

License and Registration Krakenstocks

Krakenstocks is not a valid crypto investment platform. Official regulators thwart all their efforts to post a certificate of incorporation. The Company House UK does not have any entity licensed with the above credentials.

We also did a check with the Financial Conduct Authority. They also weighed down on the registration claim and planned to issue a warning.

Safety of funds with Krakenstocks

Security of funds should be a concern for anyone thinking of depositing with this platform. Without a valid registration, your money is not in safe hands. We recommend you stay away from Krakenstocks.com.

Scam or Legit Krakenstocks

Registration with Kraken Stocks

Krakenstocks is a scam trying to portray a successful crypto investment scam. Beware of their tricks which led many to lose funds.

Our verdict

We have to add this platform to our blacklist.

The safest way to invest in crypto is using reputable tools backed by experts. Go for the best crypto bots the industry has to offer.

Our team wishes you all the best.

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