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Now that the high volatility in the crypto markets is back, traders have an opportunity to make enormous profits. With a good trading bot, there is a likelihood of making over $1000 per day with a deposit of as little as $250. But not all crypto robots are legit. Most, including Crypto Capital, are a scam.
InsideBitcoins carries out thorough research to identify legit robots from scam. Our investigation involves a live test and an analysis of users’ feedback. We take into account factors such as profitability, transparency, ease of use, safety and customer service. All the robots recommended in our reviews are tested and proven. Click the “trade now” button in the table below to start trading with a legit robot.
Is Crypto Capital a Scam? Yes!
Crypto Capital is a scam bait to get deposits from beginner crypto traders. The platform allegedly helps traders to generate up to $5k per day trading crypto. However, those who try it end up losing all their deposit within an hour of live trading. InsideBitcoins investigation provides proof that this platform is a scammer’s trap.
You will not only lose your deposit, but your data is likely to be sold to hackers. Scam robots are known to expose users’ data to cybercriminals. This is because the only thing they care about is getting the deposit. Some go to an extra mile of selling users data to other scammers for a quick buck. There is also a likelihood that your banking details will be exposed to hackers.
InsideBitcoins conducts comprehensive tests to ensure that you do not fall victim to spam robots. We recommend that you read our Top Bitcoin Robot 2019 – Legit and Accurate review to learn more about our rating criteria and trustworthy robots. Keep reading to learn more about the Crypto Capital scam.
What is Crypto Capital?
Crypto Capital alleges to be a trading bot that uses sophisticated algorithms to generate and execute trading signals. The robot claims to make money from rising and falling crypto markets. However, InsideBitcoins investigation reveals that it is a scam. We did a rigorous test on the platform and did not find any evidence of real trading technology.
It appears that what they provide is just but a fake platform with features that look like for a real trading bot. When you deposit money with the platform, you are automatically redirected to the trading platform. Here, your money is siphoned as the fake web-trader reports predetermined losses. Almost 99% of individual online reviewers report losing deposit in a few hours of live trading. As mentioned earlier, we lost $250 on our live test.
Scam robots tend to have similar characteristics. This means that they are not hard to detect for an experienced eye. For instance, Crypto Capital is a copycat of another scam known as Crypto Advantage. Perhaps this is because the same scammers own most of these scam robots.
Legit trading robots such as Bitcoin Code, on the other hand, are easily distinguishable. One characteristic of legit robots is that they have an excellent online reputation. These robots also tend to have safe trading platforms and an identifiable team. Likewise, they tend to disclose crucial details such as their legal registration and pricing mechanism. Read our review of Bitcoin Code for a legit trading robot.
How does Crypto Capital work?
Crypto Capital makes money through the deposits made by unsuspecting traders. Like most scam trading bots, this platform depends on unscrupulous affiliates for referrals. When an affiliate refers a client, they receive a portion of the deposit. These affiliates mostly use deceptive marketing techniques to get people to sign up.
As mentioned above, the Crypto Capital presents a fake trading platform. The platform does not connect to any broker, and therefore no real trading takes place. We have determined that the brokers listed as Crypto Capital partners do not exist. This is typical of almost all robots we have come across. The danger of registering with a platform that does not have verifiable brokers is that your deposit is not protected. Before choosing a trading bot, it is essential to ensure that they are well regulated.
Legit trading robots apply advanced computer algorithms to derive trading insights from big data and execute trades. An algorithm is more accurate than a human trader due to the ability to analyze big data within a split of a second. Trading decisions informed by big data tend to be more accurate than those made from a review of some few factors. Top trading bots such as Bitcoin Rush tend to have an accuracy level of above 99%. This means that traders make money in at least nine out of ten trades. We recommend that you read our Bitcoin Rush review.
Who Founded Crypto Capital
Crypto Capital does not disclose about its founders or backing team. This is not unexpected for a scam robot. Scammers tend to keep their identity hidden for fear of being apprehended for scamming people. There are a lot of complaints about Crypto Capital. The platform keeps changing domains to avoid being punished by search engines.
InsideBitcoins has also determined that Crypto Capital does not reveal about its legal registration. We contacted them about this, and they did not get back to use. There is a high likelihood that this platform is a one-scammer show. This scammer and their affiliate use’ trickery to get people to signup.
All deposits made through the platform goes straight to their bank accounts. Their website redirects severally before opening the deposit page. We have determined that they do this to hide their real line of business from the financial institutions facilitating the transactions. This ensures that there is no way for users to trace the scammers behind the Crypto Capital.
InsideBitcoins ensures that it only recommends trading bots with a verifiable legal registration and with identifiable founders. We can confirm that all the robots we recommend in our review have valid registration and founders. A robot that is willing to disclose identifiable information is ready to take responsibility for its action. Read our review of The-News-Spy, another top-level trading robot.
Why is Crypto Capital a scam?
Crypto Capital scam: Key Features
Unsafe verification process
Crypto Capital registration process is not safe. Their website and web-trader are not secure meaning that hackers can steal data transmitted through them. InsideBitcoins investigation shows that this robot shares users’ data with third-party scammers.
Crypto Capital is a scam. We can confirm that you will lose your money if you deposit it with them. They provide a fake trading platform and do not have any legit brokers. Do not open an account with this robot. Instead, try Bitcoin Loophole, a tested and proven trading robot.
No money-back guarantee
Crypto Capital does not refund deposits to traders who opt out before their account goes to zero. There are complaints that the platform blocks those who demand their money. This is not unexpected given that this is a scam platform.
Poor Customer Service
Crypto Capital does not respond to customers inquiries unless they relate to deposits. This is because the only thing they are interested in is your money. Crypto Capital provides email as the only channel of communication.
Crypto Capital is known as a scam trading robot. We found a lot of complaints about this platform scamming people. Apart from stealing deposits, they also expose users to harm by selling their data to third-party scammers.
As mentioned earlier, all the brokers listed by this platform as their partners do not exist. Likewise, the Crypto Capital platform does not link to any exchange. This means that there is no trading that takes place.
Is Crypto Capital a scam? The Verdict!
Crypto Capital has all the characteristics of a scam robot. These include a lack of transparency, poor reputability, unsafe trading platform, and terrible customer service. InsideBitcoins investigation reveals that Crypto Capital does not have any proprietary trading technology. Additionally, the brokers listed as its partner are all scam.
Traders who sign up with this platform end up losing capital. First, there is zero chance of making a profit with this platform. Secondly, they will not allow you to withdraw your deposit if you opt out before losing all your money. InsideBitcoins recommends that you avoid this platform. Instead try Bitcoin Trader, a tested and proven robot. We can confirm that it is possible to make a daily profit of $1k with Bitcoin Trader. Click the ‘trade now button’ in the table below to get started.