Beware! Crypto Cash is most probably a scam system! Your investment may be at risk.
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Тhe websites of cypto robots are usually absurd and full with staggering and over-the-top statements about all the opportunities that await their future clients, as well as testimonials from “ex-clients.” And Crypto Cash does not differ from the pack. Going through the website we come across the standard trailer video where the crypto robots “offer” is presented. In most cases, if not all, we are told that the team behind the project has been developing a cutting-edge trading software that’ll most likely make you rich with incredible speed. Furthermore, we believe this robot is simply part of a serial scam where the con artists simply switch the logo of the website, but leaves the content unaltered. And believe it or not – many newbie traders do get pulled by the nose. Read further to see whether our suspicions about Crypto Cash are true.
Same scammers, different website and name
Our thorough research did not yield unexpected results – we did not find any information on the website regarding the registered address, the supposed company behind the operation, nor even the country of origin. Backing up our suspicions it turns out that Crypto Cash is pretty much the same website as Bitcoin Evolution and Bitcoin Secret with simply a different name. Scammers often choose to mix up websites in order to fool scam reviewers.
Furthermore, as is often the case with crypto robots – after registering with them you actually get a real-money trading account with an unregulated brokerage. In the case of Crypto Cash it is Vip Coins which is a binary options broker operating illegally and registered offshore in Seychelles. This leads us to believe that Crypto Cash is part of the most popular scam out there.
Precisely such websites, promising riches and profits through crypto trading, mislead traders into registering and carelessly giving away their address, phone number and email. Minutes later, that same personal data is sent to brokers and the registered traders begin getting phone calls from unregulated forex brokers like Vip Coins or Chrono FM urging them to invest. The crypto robots receive a commission for every trader that invest with the brokerages.
No verified track record
One of the biggest problems with crypto robots such as Crypto Cash is that we cannot in the least have any assurance about the promised results. An issue which is tightly intertwined with the lack of credibility. Credible social trading platforms such as eToro or Zulutrade allow you to search through the profiles of different traders, taking notice of their track-record in trading, whether losses or winnings are the majority. Such transparency adds significant assurance and partially, if not fully, removes risk. It also extends credibility to the person offering a service. Furthermore, it gives you assurance that other people are risking their money with the trader as well. Where as with websites such as Crypto Cash you are simply taking a leap of faith.
No regulatory supervision
We should also point out that such operations are not overseen by any relevant authority, although that should go without saying. The people operating Crypto Cash are not bound by any government regulator and potential clients have no one to turn to in case they have legitimate grievances.
Last, but not least – the mere way in which such operations seek funding should raise red flags. If Crypto Cash did have anything of value, they would have found alternative ways of financing, instead of relying on cheap traffic through a cheesy, badly-done commercial about itself. They can apply for a credit at the bank, or another option utilized by today’s crypto companies is raising money through crowd-funding. However, all these options require something Crypto Cash desperately lacks – legitimacy.
All in all, Crypto Cash comes across as a standard scam operation – the likes of which we have seen a lot – and we advise those interested to stay away.