The crypto revolution rocked all financial markets in 2017, generating enormous profits for those who had invested earlier. The crypto fever caught on, and more people began joining the craze. Along with the investors, there came a host of scam artists who were only interested in ripping people off. One such company is CryptoPoint who have managed to set themselves apart as a team of unsophisticated scammers.
The CryptoPoint scam is one that everyone should be aware of in case they were interested in cryptocurrencies. There is a lot of money to be made in the crypto industry, but not through CryptoPoint. To help you avoid losing your hard-earned money, make sure you read this CryptoPoint review carefully. Not only will it help you avoid this particular scam, but also point out the factors to consider when seeking a cryptocurrency broker.
Is CryptoPoint legit?
It took us some time before we could even understand exactly what CryptoPoint provides, which is the first clue that something is amiss. Usually, a company is able to describe their services and products clearly. After all, how could you sell what you don’t understand. However, in the case of CryptoPoint, even their product is in itself cryptic (pun intended). After some digging, though, we found out that CryptoPoint actually offers a trading software for trading cryptocurrencies. Their product line includes Bitcoin, Ethereum and Litecoin. Moreover, you would be able to swap these base cryptocurrencies in exchange for others and make a profit in the process depending on the swap rate.
It is surprising that the company could not even describe what they are supposed to offer clearly, which immediately puts the CryptoPoint website review on a negative stand. Then there is the issue of inconsistencies in the website. At the top, you can see that the tabs and command buttons are in Russian, yet the rest of the website is in English. That goes to show that the company did not make any effort to create a good website, and they probably just bought a cheap template and didn’t bother to change the language. Such negligence demonstrates that they are not invested into the company, and were probably just creating a temporary thing.
Even their ‘About us’ page is exactly the same as their ‘Legal’ page! Then there are some suspicious points such as the length of the Terms and Conditions page, which is almost 20 times longer than their ‘About us’ page. That is the action of someone who is already defending themselves before any accusations have been presented – clear guilty behaviour. What are they guilty of? Such seemingly minor points are what make this CryptoPoint review lean heavily toward a negative sentiment about the company.
Another huge red flag regarding the CryptoPoint scam is in the product itself. CryptoPoint is supposed to provide trading software for cryptocurrencies. Then with the help of their team of professionals, they would assist their clients to trade and make profits. The problem is that there is no mention of this ‘team’ who are going to handle the money. As far as we can tell, the company is not licensed or registered anywhere in the world, essentially making it a shell company. Therefore, that leaves us with a company whose identity is unknown and their personnel too. You should never commit your money to an entity that is not willing to even identify themselves, which is exactly what CryptoPoint are.
Is CryptoPoint a scam?
Based on the findings we have so far regarding CryptoPoint, there is no doubt the company is an outright scam. What’s worse is that there are no redeeming qualities about it. Even the CryptoPoint reviews made by individual traders back this conclusion up. All of those who have had the misfortune of working with CryptoPoint have claimed that they lost money.to avoid being such a statistic, please stay away from this company.