Our Crypto Cash review in 2021
In this review you will find out everything there is to know about Crypto Cash. Were you thinking about investing in cryptocurrencies ? Well, here we will reveal where it is convenient to do this, and where not. We warn you from the beginning: do not have high expectations about this operator, since it is not to be trusted.
So, our recommendation throughout this Crypto Cash review will be that you stay away from that platform. We believe that the best way to invest in bitcoin it is through brokers registered in official institutes, such as the case of the operator eToro .
🥇 eToro | eToro |
⭐ Valuation | 4.8 / 5.0 |
🎲 Performance | More than 200 |
💳 Buying and selling options | Social Trading, CFD |
❤️ Additional instruments | Openbook, Webtrader |
⚖️ Regulation | CySEC |
🏆 | Visit the broker |
In this article we will share the results of our research: we will tell you everything we know about Crypto Cash and provide our honest opinion. Internet transactions, both in cryptocurrencies and in conventional money, continue to be subject to scams and threats , and our goal is to collaborate with the minimization of risks. We hope that our recommendations will be of help to you.
Our experience with Crypto Cash
To make this report, we consulted a wide variety of opinions about Crypto Cash, and what we discovered does not seem positive to us. In the first instance, it appears that the company uses a Ponzi scheme, which it is not at all productive and it puts users' funds at risk.
Despite that, we found several very positive reviews about the operator, but soon realized that they were covert advertising : they were sponsored by the Crypto Cash forum.
Is Crypto Cash a scam? Here's why it's not reliable
We all ask ourselves the same question: how is it possible for such an operator to attract users? Well, this is because of a user persuasion system .
To begin with, Crypto Cash selects as an advertising target Internet users who have conducted searches on how to invest in bitcoin. Thus, the company aims to a public with little information , which is just getting started. Only this type of audience can believe that Crypto Cash is reliable.
Thus, through pop-up windows and insistent hyperlinks, the company guides users to a registration form . It is very easy to complete, since it is not required to verify the account, which should already be cause for suspicion.
The various elements of the possible scam in Crypto Cash :
- Aggressive online advertising;
- Simple registration form;
- Customer service phone;
- Fake celebrity advertising and sponsorships.
However, even after getting users to register, the company must encourage them to make deposits. That's the way to feeding a flimsy scheme like the Ponzi. Then new users receive calls from customer service to motivate them to deposit.
Another reason to suspect that Crypto Cash is a possible scam is its advertising methodology. The company's ads exploit the image of celebrities without permission, in order to give them favorable opinions about the platform. This is a very non-transparent technique of communication.
Crypto Cash Analysis: what we know about this broker
After exploring a wide variety of comments about Crypto Cash, we have concluded that this system it can not lead to effective profits . There is no evidence that its users have gained significant benefits. The entire media apparatus that suspicious nature refers us to the operators of the blacklist of platforms to invest in bitcoins , among which stand out Crypto Hopper , Yuan Pay Group and Immediate Edge . These brokers are characterized by their bad reputation.
Do you think you've already been scammed? Here are our tips
If you have used the operator, there is a possibility that you have fallen for a scam. If so, our recommendation is that you try to withdraw the funds and stop depositing. Another option is to turn to the website of the CNMV (National Securities Market Commission), where you can find the registered agencies and make complaints to the platforms that operate without licenses . You can also hire a financial law specialist to initiate a lawsuit.
Safe brokers alternatives to Crypto Cash
Not all operators are equally suspicious. There is a good amount of reliable brokers , as the cryptocurrency industry is at its peak and the users of these currencies are growing every day. Quality platforms are registered in official bodies . Such is the case of eToro , the broker we take as a model, which is registered with the Cyprus Securities and Exchange Commission (CySEC).
We take this company as an example because it has already shown plenty of reliability and efficiency. With more than 4 million users across 120 countries, eToro is one of the most iconic market leaders.
Comparison of Crypto Cash and eToro
This comparison will serve to highlight the favorable points and the shortcomings of the brokers. We will also show the criteria that we take into account when choosing a reliable operator. We shall see the wide distance what separates Crypto Cash from eToro.
Crypto Cash vs eToro | Crypto Cash | eToro |
---|---|---|
Does the broker have an official license from a dollarpea entity? | ❌ | ✔️ |
Does the broker appear in the CNMV registry? | ❌ | ✔️ |
Is the company domiciled in a country that is not on the blacklist of tax havens? | ❌ | ✔️ |
Does the trader inform us about the risk of our investment? | ❌ | ✔️ |
Are the advertising and opinions real? | ❌ | ✔️ |
Have any users generated real profits with this broker? | ❌ | ✔️ |
We already see that it is not a good idea to trust Crypto Cash. It does not meet any of the necessary requirements to be a quality broker. In particular, we are concerned that the proliferation of operators without licenses of any kind .
Introductory guide on how to invest in bitcoin safely
So, if you are still looking for a reliable operator, we believe that eToro it is the best alternative. In this broker you have to fill out a registration form that complies with all data protection protocols. After making a deposit, you can start investing in cryptocurrencies .
Finding
Our results add to the other opinions of Crypto Cash: it is not a recommended operator, it is not a good idea to invest time and money there. It does not give any guarantee of security or income. We hope that our Crypto Cash review has shown you where not to invest .
On the contrary, we reinforce our position that it is only convenient to use brokers with licenses. That is why we recommend eToro, a trader registered with the Cyprus Securities and Exchange Commission, which has given us the best results in investments with bitcoin. Hopefully it will give you satisfactions too.
Frequently asked questions
In this section we will give answers to the most common questions that come to our inbox. We know that cryptocurrency investments are a recent phenomenon and that users have many doubts. That is why we hope to be of help to clarifying the picture and facilitate the process.
🤔 Does Crypto Cash really work?
That doesn't seem to be the case. The vast majority of opinions about Crypto Cash they report problems in their use. In addition, there is no proof that users have made any real profits. According to many voices, the company is structured from a very ineffective financial scheme , which generates nothing but speculates on user deposits.
😟 Is Crypto Cash a scam? Why?
Many of the opinions lead to the idea that Crypto Cash is a possible scam . This is because the operator it does not have any license purchase and sale of assets issued by an official entity dollarpea. That is, Crypto Cash is not registered anywhere. There is no way to test the reliability of the platform.
🔒 Are there safe alternatives to Crypto Cash?
Today there are many reliable options, because the cryptocurrency industry is at an unbeatable time. With the proven return on investments, the number of users, and also regulated brokers, has increased. Our safe alternative it is eToro, one of the best reputation in the field . It has given us excellent results.
🧐 What elements should I take into account when choosing a broker?
The crucial factor is the demonstration of an enabling license. This document implies that the company is registered with a public financial institution . In other words, the license is the certification that the purchase and sale mechanisms are endorsed by an authority. It is also useful to make a compared among several well-known brokers.