Kryptonex Research Group is a private company claiming to be contracted by the government of Sweden to launch a crypto coin on its behalf. This company claims to have all the details about the launch but cannot disclose them to the public because it is not allowed to do so. Kryptonex is therefore allegedly offering insider information about the coin to investors who subscribe to it. The big question is whether Kryptonex is a scam or legit investment opportunity.
Is Kryptonex a Scam? Yes!
InsideBitcoins gives Kryptonex a 17% score on legitimacy which is among the worst in our list of suspicious crypto investment platform. First, the claims on their website are ridiculously false.
Additionally, most online reviews about this platform point out that it is a complete sham. Our hands-on tests reveal that their customer service is unavailable and their website is unprofessional. They also do not have physical offices or a phone line through which they can be contacted.
Kryptonex Vs. Legit Trading platforms.
|Have a success rate of 12%. Top trading robots have success rate above 80%||A success rate above 80%.||Success rate above 80%||A success rate above 80%|
|A poor customer feedback. Most people report to have been scammed by this robot||An excellent customer feedback||Great customer feedback||Good feedback.|
What is Kryptonex?
Kryptonex is a company claiming to offer investors an early opportunity to invest in a coin that is about to be issued by the government of Sweden. The company allegedly has some insider information about the currency which it is not allowed to share with the public. However, in the spirit of helping the world, the company wants to share this information with investors provided that they register on its website.
These claims are not only false but also ridiculous. Firstly, there is no way a government in a civilized world can contract a private company with no traceable physical offices and known line of business to make crypto for it. Secondly, if the company is legit, there is no chance in hell that it would be allowed to give insider information.
Kryptonex claims are blatant lies meant to make you subscribe to their platform and get tricked to deposit money with some shady brokers. Also, it is important to note that it is true that the government of Sweden is planning to launch a crypto but not through Kryptonex. We recommend that you seek information from reputable sites only if you would like to learn more about the Sweden government coin.
Who founded Kryptonex?
InsideBitcoins did not find any information about Kryptonex Research Group founders and team. The only information they provide is that they operate as a private company. However, they do not disclose their country of registration and other details. There is a high likelihood that Kryptonex is not registered and all its claims are false.
Apart from not providing explicit details about registration and ownership, the company does not have any physical offices or a static phone line through which one can trace it. This is a huge red flag. InsideBitcoins has tested its customer service lines listed on their website and can confirm that most of the times, they do not work.
An analysis of online reviews on sites such as TrustPilot reveals that most people who register on the Kryptonex website receive unsolicited offers from suspicious offshore brokers. Kryptonex appears to be just a platform to get people to sign up with third-party brokers for a commission.
How does Kryptonex work?
As mentioned earlier, Kryptonex claims to be under a contract with the Swedish government to help it launch its crypto coin. While it is true that the government of Sweden is planning to launch its crypto, the claims that it has engaged Kryptonex are false.
Kryptonex claims to have insider information about the coin and is providing investors with a chance to capitalize on the opportunity of investing in this coin. These claims are not only false but also laughable. There is no way on earth that a government can allow a private partner to share insider information about its projects.
Furthermore, it is highly unlikely for a government in the civilized world to award such a contract to a less known company let alone one that has no physical location and does not have consistent lines of communication.
InsideBitcoins has determined that Kryptonex scam model involves getting investors to deposit money with shoddy and unregulated brokers. There are a lot of complaints about the company disappearing with investors deposit after signup. Most people report that Kryptonex blocks them from the platform after making a deposit.
Can you Make Money with Kryptonex?
No! Kryptonex is a complete scam, and you will lose your money if you sign up with them. InsideBitcoins find the claims on its website to be false and ridiculous. We also find them to be highly unprofessional and not transparent. A good number of investors who have registered on this platform claim to have lost their deposit.
Kryptonex lures people into creating an account and making a deposit after which it blocks them from the platform. We have determined that the platform is nothing but an affiliate site tricking investors into signing up with scam crypto brokers. These brokers are not only unregulated but have a reputation of stealing from unsuspecting investors.
Has Richard Branson, Bill Gates, and Peter Thiel Invested in Kryptonex?
There is a spreading rumor that renowned entrepreneurs and investors including Richard Branson, Peter Thiel, and Bill Gates have invested in Kryptonex. InsideBitcoins can confirm that this is a lie and the above-mentioned individuals have nothing to do with Kryptonex.
Like most scam crypto platforms, Kryptonex is making these false associations in a bid to attract signups from rookie crypto investors. The association of celebrities with crypto platforms is not new in black hat marketing. Unethical affiliate sites use this tactic to boost sales.
When choosing an investment platform, we recommend that you do enough due diligence. Never rely on celebrity recommendations since it is highly likely that they can also fall for scam projects. For instance, in 2018, Floyd Mayweather and DJ Khaled found themselves on the wrong side of the law after it emerged that some fake ICOs had paid them for endorsements.
InsideBitcoins is an excellent place to begin when looking for comprehensive and unbiased crypto platforms reviews. Our rating criteria take into account hands-on experience from our testing team and also an in-depth analysis of online feedback from clients.
Kryptonex on Mainstream Media.
Kryptonex claims to appear on CNBC, Bloomberg, and Forbes. InsideBitcoins can confirm that this platform has never appeared on these sites. Furthermore, the claims are therefore nothing but marketing gimmicks aimed at increasing new signups.
We cannot stress enough on the need to carry out enough research before subscribing to any platform that claims to offer investment opportunities. Kryptonex is a complete scam but may appear as legit to careless investors given the false associations on its website.
Even worse, this scam project has gone to the extent of faking the Coindesk news page. InsideBitcoins finds it an outright sham that is likely to face many lawsuits if it happens to reveal its real face.
With the plummeting crypto prices and the increasing number of scams, investors are finding it hard to find investment opportunities with high returns. Fortunately, there exist excellent crypto investment opportunities for both beginner and experienced traders albeit not many.
InsideBitcoins helps you identify these opportunities by providing deep and unbiased reviews of top crypto investment platforms and tools. Here are some of our top picks in the crypto trading robots category.
Kryptonex Review: The Verdict.
Kryptonex is a complete scam, and you should keep away from it. Everything they claim on their website is false, and all the associations with celebrates and mainstream media are fake.
InsideBitcoins has determined that Kryptonex is not in partnership with the government of Sweeden. Moreover, we have also established that this platform sells investors data to shady brokers. These brokers are likely to disappear with your money after signup. There is enough evidence that no one has made money through Kryptonex. We recommend that you keep away from this platform.
InsideBitcoins has tested all the crypto investment opportunities recommended in this review and verified their legitimacy. Please read our comprehensive review for each robot before opening an account.