Crypto Bank – Crypto Trading Bot Review by Traders
How to use Crypto Bank – full review
Crypto Bank is quite a catchy name. No wonder there are many projects on the internet that opted for this name. However, we find Crypto Bank at a well-known fake review site. InexUniverse has already in the past supported fraudulent platforms that offer crypto trading, or crypto market, but in fact, was just a scam to deprive users of their $250 deposit.
Scammers make a lot of mistakes. Little mistakes and discrepancies can make you accumulate red flags. Each by itself, under close scrutiny, of those mistakes isn’t proof. However, when they repeat in significant places, do create a string of red flags to make you want to avoid their fake platform.
The first mistake:
As you can see, the title reads ‘Crypto Bank Review’, but the logo is that of BitcoinBank. Bitcoin Bank is a well-known scam, a platform that looks like many others, collecting $250 from naive users who don’t have enough experience with the world of crypto.
Following the link shows another surprise and yet another mistake:
As you can see, the website address is anchored to apexoffer.net which is known to host different fraudulent platforms. Another telltale sign – again, not proof per se, but a definite red flag – is the FOMO red bar, fake success stories in form of random names and sums supposedly won by a user.
Notice the strip of logos which don’t actually relate to crypto trading. It’s there to connect the content of the website to a sense of security, as it features different companies dedicated to safety, albeit none of them have anything to do with bitcoin. Also notice the asking and bidding prices, which don’t correspond to prices of any known cryptocurrency.
As I’ve said, these are not proof of fraud, but red flags, as this platform is clearly designed to lure naive customers to leave their phone numbers to scammers.
Trust the Trustpilot
If we check Trustpilot, we can see that Bitcoin Bank was running its scheme for a while. Let’s analyze the Trustpilot report. At first glance, nothing is wrong:
Fifteen reviews, only six bad. Not your typical Trustpilot page, but the numbers are quite similar to what we’ve seen with other fraudulent websites. Let’s continue. All 3 out of 6 reviews were made by the same guy.
A burned customer, it seems. But let’s focus on the positive reviews.
Jurgen Jung is not a common German name. Jurgen Jungs we’ve managed to google aren’t really matching the image there.
However, the search of alleged Jurgen Jung’s image yielded an interesting result.
The image used is not Jurgen Jung but one Michael Clarke. So, it’s a fake review. The exact words of his review were used in previous issues of this particular fraud.
Notice the same title, but a vastly different number of reviews.
The app that isn’t there
Following the link at TrustPilot, we come across Bitcoin-Bank.biz.
This website displays all the typical red flags of the scam. It promises automated trading, speaks in techno-buzz, asks for $250, mixes facts and fiction, promises profits without info about the platform itself. Interesting is the name-dropping technique, frequently used by fraudulent websites.
As you can see they drop names of celebrities known to be connected with bitcoin or crypto investing. If you read the actual text, they don’t lie. It clearly states that the Bitcoin Bank is not associated with these names. It’s a trick to make the customer connect familiar celebrities with the product.
The platform suggests that there is an app you can download.
I know, you will think, okay there is the download button, nothing wrong, right? Well, sadly there is no button. There is just a .jpg image.
Clicking anywhere on this page will yield this notification.
How do these scams operate?
There are several known practices for these fraudulent websites.
- They change names and logos to avoid targeting by market regulators, legit review sites, and agencies (like Trustpilot)
- They ask $250 deposit. Legitimate trading platforms do have minimum investments, but these measure in low figures, typically $10.
- They ask phone number as part of the registration. Legit crypto services have several layers of identification. The typical platform will ask for email, then proceed with different Know Your Customer verification protocols (scan of ID or other national ID documents). These fraudulent websites usually claim speedy registration with just phone and email.
- They all have disclaimers that make the customer agree with the breach of their privacy. Namely, they make it legitimate for the agents or ‘brokers’ of the fraudulent sites to call the customer (typically they will contact the gullible via WhatsApp).
- Brokers aggressively pursue customers to deposit the first $250 and then it becomes impossible to get your money back. There are no profits. Another reason to change names and website addresses. Once the number of angry customers mounts up, scammers simply move to greener pastures, abandoning their project.
This is a known scam! Do not fall for it.
FAQ on Crypto Bank
What is Crypto Bank?
It’s a fake website. They want your data so that agents can call you and ask for a deposit of $250 promising a great return on investment. The fact is, there is no crypto trading, no money to be made, just brokers fishing for deposits.
Is Crypto Bank a scam?
Yes. It is part of fraudulent websites, a total scam.
How much money can I make with Crypto Bank?
Judging by reviews, you can’t profit from Crypto Bank. You can only lose a $250 deposit.
Is Crypto Bank legit?
No. This is a scam. There are legit warnings in the disclaimer, however. By registering, you agree to have your data sold or transferred to third parties. You agree to be contacted by agents (to bug you for deposit).