Crypto Engine – Crypto Trading Bot Review by Traders
How to Use Crypto Engine – Full Review: Is This Crypto Bot Really Worth the Hype?
It is a truth universally acknowledged that a 21st-century person is in need of financial independence. Ways to achieve it are numerous, and one of those is through crypto trading.
To aid beginners and experienced traders alike, smart people have invented crypto trading bots. Once set up, they do all the heavy lifting for you. Of course, they still require oversight, but it doesn’t have to be constant.
While that is all great, devious minds have plotted crypto trading cons. So now, it appears, there are more scamming crypto trading bots than legitimate ones.
And, as we will demonstrate in this review, Crypto Engine is one of the fraudulent ones. You should be aware that it is highly risky to invest with this bot. But let’s start at the beginning.
|Security (everything about licensing, docs, secure systems, etc)||0|
|Ease of use||100|
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|Profit (according to User reviews)||0|
Why Have One Crypto Engine Website When You Can Have Six?
Our search began with a very simple step – Google. On the first page alone, we found three Crypto Engine websites. But we continued venturing through the second and third for the sheer fun of it. And we were not disappointed.
Our search yielded a total of six different websites. There could, obviously, be more.
This, of course, begs the question of why a legit company would have several different websites. It only confuses the potential customers and does not instill confidence. And it is always a red flag, as well as evidence of a scam most likely.
A Design As Old As The Scam Itself
These types of scams have been around for quite some time and Crypto Engine is not that different. In fact, it is exactly the same as Yuan Pay, Bitcoin Prime, Immediate Edge, and News Spy, to name just a few.
Yuan Pay Group:
The News Spy:
A Very Confusing Crypto Engine Offer
Since there are many Crypto Engine websites, one cannot keep up with the differences in their offer. But we did our best to summarize it here and keep it less confusing.
So, there are no fees, according to one website, it’s all free. There are no fees, no commissions, no hidden costs, the money is yours, and yours alone. But on another website, there is a 2% commission. And on the third one, they only charge spreads.
They are consistent in one aspect, and that is the initial deposit, which is $250. Also, the support is there 24/7. At least, these pieces of information didn’t give us a headache.
But how much can you make? Oh, well, that is another game. Let’s just say that they offer absurd amounts. Even with years of high-volume trading, it would be nearly impossible to generate that much revenue. So, as you see, it is all a scam.
Crypto Engine Fake News, Reviews, and Celebrity Endorsements
There are numerous claims that the celebrities, such as Bill Gates, Gordon Ramsay, and Elon Musk have supported Crypto Engine. However, they are all fake. And, interestingly enough, they are all spread by the scammers – Crypto Engine itself.
But there’s another even more cunning way they spread fake news. Let’s take a look at this example:
Yes, this quote has been attributed to Bill Gates and has spread all over the Internet. But, it only talks about Bitcoin, and in particular the technology behind it. It has nothing to do with Crypto Engine.
They are effectively lying here by association. They want you to think that because Bill Gates thinks Bitcoin tech is revolutionary, it means that he also supports Crypto Engine. And there is zero evidence of that.
But they do not stop there. They have also stated that their crypto bot has been reviewed more than 20.000 times on Trustpilot, which is ridiculous.
And also easily verifiable.
If we add up all of the reviews for each of the websites, that becomes 38. Which is a far cry from 20.000 reviews.
No Registered Company on That Address
Speaking about Trustpilot, we found their addresses (yes, plural) on the dedicated review pages. There were two, so we decided to check them out.
Also, let’s clarify that a legit company would have their physical address listed somewhere on the website, in the About-us section or the footer.
We checked in the UK’s government database if any of these addresses were registered to the company. And, as usual, there isn’t one.
Not One, But Two Crypto Engine Mobile Apps
Not only do they have six websites, they also have not one, but two mobile apps. We checked these in Google Play Store.
And we were very surprised by the fact that they didn’t have any reviews. Not only that, but they also have such a small number of downloads, seeing that they claim their growing community already has more than 150.000 users.
So, if we do some math here, it appears that only 3,33% of their users downloaded the app. That seems highly unlikely to be legit, given the number of people who spend most of their time on mobile phones.
Trustpilot Has Issued Warning Against Crypto Engine because of Fake Reviews
When we were on the Trustpilot looking for reviews, we also noticed that Trustpilot has issued a warning against Crypto Engine. It is their policy to remove all fake comments from a page when they detect misuse and leave an alert. These fraudulent practices should be reason enough not to invest with this crypto bot.
There are still some fake positive reviews, and we will take a look at them. The fake comments are typically left by people who previously never posted on Trustpilot.
Furthermore, the only place where these celebs are mentioned is on Crypto Engine’s websites and the fake blogs reviewing this trading bot.
On the other hand, the real people posting negative stuff about the company typically have multiple reviews on Trustpilot. What’s more, they describe the same pattern of behavior of the scammers: once they get your info, the incessant calls never stop.
A Strange Case in Palau
Whilst looking at the reviews on Trustpilot, we found a website registered in the Republic of Palau (the domain ending in .pw).
It describes the same pattern – they call and pester people for money. The only curiosity here is, if we were to believe this commenter, that they have played a commercial on national TV. Since this comment was posted on Jul 8, 2020, we checked to see what regulations there were at the time on crypto trading in Palau. And it appears to have been highly unregulated, but progress has been made in the past year or so.
Looking at their operation as a whole, it seems that they are targeting countries with lesser regulatory constraints. You should be mindful of whether there are policies in place for financial fraud in your country or region.
Danish FSA Has Issued a Warning Against Crypto Engine
Danish Financial Supervisory Authority (FSA) has issued a warning against Crypto Engine for suspected fraudulent activity. This is a clear sign that there is something off with this crypto trading bot and you shouldn’t invest with the platform.
Our Verdict: Crypto Engine Is a Scam Through and Through!
As we have extensively demonstrated in this Crypto Engine review, this platform is a scam 100%. Multiple websites, identical to similar scams, fake reviews, and articles, as well as fake addresses and even suspected fraud warnings are a clear sign to stay as far away from this platform as possible.
If you wish to secure a financially-independent future, we recommend investigating the market. And in case you wish to use a crypto trading bot, you should look into legitimate bots, such as Trality, Cryptohopper, Coinrule, Bitsgap, etc.
FAQs on Crypto Engine
Is Crypto Engine a scam?
Yes, Crypto Engine is a scam. It is designed to make you think it is a crypto trading bot to get your personal information, and then your money.
Is it safe to use Crypto Engine?
No, it is extremely dangerous to use Crypto Engine. They will acquire your personal data to pester you with phone calls and investment requests.
Should I invest with Crypto Engine?
No, you shouldn’t invest with Crypto Engine. As this is a fraudulent website that looks like a crypto bot, you will only lose money, and probably time.
Is Crypto Engine a legit crypto trading bot?
Crypto Engine is not a legit crypto bot. It is a scam designed to look like one, but it only preys on innocent people and novices to take away their money.