Crypto800 Scam Review – Abduction Reviews
Today, there are hundreds of cryptocurrency exchanges that promise high security, flexible terms and competitive fees, and Crypto800 classifies itself as one of them. The intermediary calls itself a trusted platform where financial institutions and private investors can open trades on popular cryptocurrency pairs in a “regulated environment”. Whether Crypto800 is really worth trading, the review will show.
Basic information about Crypto800
| Year of founding | 2018 |
| Jurisdiction | unknown |
| Adjustment | not adjustable |
| Contacts |
The “About Us” section does not contain any important information about who, where and when founded Crypto800. However, it talks about the reliability, security and guarantees of earnings in the cryptocurrency markets. What makes this office “the best”, where the brand is registered and by whom it is regulated – all this information is missing. According to the WHOIS domain check, the address has existed since 2017, but the sharashka settled here at the end of 2018.
Terms of trading on the Crypto800 platform
The primitive official website of Crypto800 offers to trade coins such as Bitcoin, Ethereum, Nexium, Litecoin, Digital Cash, AdEx, Synereo, Stellar and others. At the same time, there are no real-time quotes and charts, as on all reliable exchanges. The crooks will swindle customers at their own prices.
Although the scam calls itself an exchange, it works on the principle of a classic brokerage company – there is a demo account and types of trading accounts that are not available on exchange sites. These accounts look like this:
- Standard – minimum deposit is €1,000, offers a trading terminal and 24/7 support.
- Premium is a €10,000 account that provides access to trading signals and a library of books and videos.
- VIP – Crypto800 calls this account popular and is already asking for 25,000 euros for it. In return, the trader receives a personal trainer and account manager, trading signals and educational materials.
Withdrawal of funds from personal account
Each cryptocurrency exchange has a round-the-clock online chat, but the hero of the review does not have such a blessing of civilization. According to reviews on the Crypto800 website, operators do not respond to letters when it comes to withdrawing funds. Without providing any intelligible information about themselves, scammers require verification. Only then can the client apply for withdrawals via credit card, bank transfer or e-wallets. Commissions and terms are not reported.
Crypto800 online reputation – what do traders say?
We managed to find quite a few reviews about Crypto800 on the net. Although the service has been operating for almost 5 years, it was able to attract the attention of only foreign monitoring, which warn against cooperation with crooks. Trader Victor reports that the scammers have been trying to get him to make a deposit for a long time.
Overview of trading terminals and instruments
The pseudo-broker is trying in vain to convince users of its reliability – its poor web resource is not able to look presentable, let alone provide impeccable customer service. A set of programs that cannot even be downloaded hints that trading on the Crypto800 website is just imitated:
- MT4 is a classic terminal that is promised but not actually delivered;
- Web-Trader – a web platform where “specialists” from Crypto800 will actively drain the client’s deposit;
- application for phones and tablets – there is no link to install it.
Crypto800 review summary – trade or pass?
The site exists solely to breed naive users for money. Its activities are not regulated, the trademark itself is not registered. Scammers operate on a template site that is unable to provide market access. In no case should you open an account here and replenish the balance.
