Crypto Bank Review 2024 - Is it Legit or a Scam?

Who Created Crypto Bank?

As with many crypto trading bots, Crypto Bank doesn’t contain any information on the creators behind it.

Unsatisfied with this, we decide to look deeper.

We found that on one of the third party review portals, Crypto Bank is the result of a detailed study of experts keen on finding a better way of trading cryptocurrencies and profiting from it.

The software is apparently associated with multiple brokers that execute trades on users’ behalf.

However, while this may be the case, Crypto Bank still lacks the transparency that many potential traders want. Knowing who is behind something creates greater credibility and trust. Without that, people may be weary about investing their money.

For this reason, you should do your own research before parting with your money to trade.

Key Features of Crypto Bank

High ROI

The trading bot claims to offer a regular return on investment (ROI) of up to 60% to all its users, irrespective of their skill and experience in crypto trading.

As per its website, most of their members manage to make significant gains, to the tune of doubling, tripling, and even quadrupling their investments in quick time. The site also lists live profit results of people already using the product and benefiting from its AI programming.

Their FAQ section also claims that Crypto Bank members normally register a minimum profit of £979.98 on a daily basis.

Verification System

To avail the Crypto Bank services, you’ll first need to register for the product by providing some basic details including your first name, last name, a working email id, a preferred password and a working phone number.

Once you’ve provided all of this information, you’ll be redirected to an associated broker depending upon your geographic location.

You can use the trading bot on the broker’s platform, after getting verified through your valid proof of identity (a national photo ID or resident ID card) and proof of residence (utility bill, bank statement etc.).

Withdrawal Process

As per third party sources, there are no restrictions on making withdrawals from the platform.

Reportedly, you can make withdrawals every 24 hours and the funds would be credited to the chosen withdrawal medium (bank transfer, PayPal, credit card, and e-wallets such as Skrill) in the quickest manner possible.

Other reviewers of Crypto Bank claim that they found it to have one of the shortest withdrawal time frames in the market.

Costs and Fees

As per the information available on the Crypto Bank website, there are no deposit fees, withdrawal fees, commission or broker fees associated with the trades made through the software.

However, when we checked a few third party review portals, we discovered that you may have to pay a service fee or commission amounting to 2% of the profits made through the platform. This percentage is split between the software’s creators and the underlying brokers.

User Testimonials

There are many positive testimonials posted for Crypto Bank software on reputed consumer feedback portals such as Trustpilot, a consumer feedback platform.

Of those testimonials, 99% feature a ‘Great’ or ‘Excellent’ rating, with users heaping praises on its customer service, efficacy, growth potential, simplicity, and overall results.

Customer Service

As also highlighted above, Crypto Bank has been increasingly finding favour with the trading community owing to its highly efficient customer service.

As per a few third party sites, their customer support team can be accessed round the clock, all through the year, via multiple channels. Additionally, it can offer swift help in various languages.

Many reviewers have rated Crypto Bank’s customer care team as highly responsive and helpful.

Affiliated Brokers

Crypto Bank doesn’t make any direct trades on users’ behalf. Rather, it claims to be associated with a wide range of reliable brokerage platforms in multiple geographic regions that allow you to automate trades through them.

Crypto Bank claims that all its underlying brokers are regulated by reputed authorities in the UK, US, South Africa, and Australia, ensuring maximum security of your funds and critical data.

Is Crypto Bank Legitimate?

A quick search on the internet showed that there are both positive and negative reviews for the Crypto Bank trading bot. However, a closer inspection revealed that the number of people praising it far outnumber its critics.

For instance, on Trustpilot, Crypto Bank has an overall 4.6 rating out of 5, with 70% of reviewers rating it as ‘Excellent’, while 29% rated it ‘Good’. Looking at such reviews, it would be reasonable to infer that this system may indeed be legitimate.

5 Reasons to Use Crypto Bank for Trading

Uninterrupted Trading

The crypto trading market stays open 24/7 and the same can be said about the Crypto Bank robot. You can potentially have it trade round the clock on your behalf in the automated mode.

Emotionless Trading

Considering the various signals and indicators that need to be analysed, and how one may need to stay firm even in the most volatile market conditions, a robot like Crypto Bank can keep emotions out of the equation, and make well-calculated trading decisions.

It’s Free to Use

As per the makers of the Crypto Bank trading software, you’re not required to pay any fee for its usage.

Simplicity

Crypto trading using derivatives like CFDs (Contract for Difference) can be a very complex affair for many people. Crypto Bank can make such trading simple when used in the automated mode.

Quicker than Humans

The advanced AI used by Crypto Bank ensures that the trades are executed far quicker than is humanly possible.

What’s the Best Way to Use Crypto Bank?

Crypto Bank can prove to be a very useful software for people beginning in the crypto trading industry, and help them improve their trading skills, by closely observing its workings.

It seems like a highly intuitive system and is easier to use, especially when compared to complicated CFD trading portals. If you’re an existing crypto trader, it has the potential to be a very helpful add-on service to bolster your trades.

Has Crypto Bank Ever Appeared on TV?

Considering how crypto trading has become all the rage these days, it’s commonplace to hear about such bots making an appearance on popular TV programs. We heard rumours of Crypto Bank appearing on a few shows and conducted our own research to get to the truth.

Dragons’ Den

Dragons’ Den is a popular UK TV reality show where entrepreneurs pitch their ideas to investors. However, we couldn’t find any episode of the show that featured the Crypto Bank trading bot.

Shark Tank

This is the US equivalent of Dragons’ Den, and is watched extensively throughout the country as well as in other parts of the world.

We heard reports of crypto entrepreneurs pitching their products on the show, but found no mention of Crypto Bank ever making an appearance on it.

Has Crypto Bank Ever Been Endorsed by a Celebrity?

Celebrities regularly endorse products and services across multiple niches. We did some research to find if any celebrity has ever put their weight behind Crypto Bank. Below are our findings:

Ye

American singer and rapper Ye (formerly known as Kanye West) has been very vocal about cryptocurrencies, and has also praised Bitcoin being the “True Liberation of America”. However, we found no public record of him ever endorsing the Crypto Bank trading bot.

Richard Branson

Sir Richard Branson, founder of the Virgin Group and a well known entrepreneur heading almost 400 companies, has been falsely linked to many trading bots and cryptocurrencies in the past. We researched and found that he has no link with Crypto Bank whatsoever.

Elon Musk

A well-known name in the tech and crypto world, Tesla CEO and entrepreneur Elon Musk has always been outspoken about cryptocurrencies, Dogecoin and Bitcoin in particular. Nonetheless, we didn’t find any credible source linking him to Crypto Bank.

Bill Gates

Founder of the revolutionary computer software company ‘Microsoft’, Bill Gates isn’t known to be a huge investor or advocate of cryptocurrencies, let alone endorsing a trading bot.

5 Ways You Can Maximise Success with Crypto Bank

As with any trading software, there are certain strategies that you can use to potentially improve your chances of success. Below we have shortlisted five ways you can possibly maximise your success with Crypto Bank.

Start Small

It’s highly recommended that you start trading via Crypto Bank using minimum required amounts. Better still, use its demo version to get acquainted with its workings first.

You can possibly increase your trade amounts as you learn the ropes of the system and gain confidence in its workings. In any case, don’t forget to use appropriate risk management settings such as ‘Stop Loss’ and ‘Take Profit’ to safeguard your interests.

Save Some Profits

Although the makers of Crypto Bank advise that you reinvest a minimum of 70% of your profits to maximise its overall potential, you should use your own best judgment in this regard.

There’s nothing wrong in withdrawing a certain portion of your wins to secure your overall returns, and leaving some of your balance behind for reinvestment purposes, as and when opportunities arise.

Follow the Advice of Experts

Despite the fact that Crypto Bank claims to do most of the thinking when it comes to execution of trades, manual intervention may be required and is recommended, from time to time.

There are various reputed trading experts that can be followed offline as well as at online social media platforms, to gain good insights into the market. Taking their advice and acting upon it can potentially help you better time your entries and exits.

Keep a Record for Tax Purposes

Please keep in mind that gains made from crypto trading activity are taxable in most of the countries across the world. Your actual tax liability will depend upon your trading volumes and the country you reside in.

Hence it’s important to maintain proper records of all your crypto transactions, to ensure complete tax compliance.

Only Invest What You Can Afford to Lose

The first and most important rule of any trading activity, whether stocks or cryptocurrencies, is that you must never invest anything that you can’t afford to lose. This is all the more applicable in the crypto industry, owing to its highly volatile nature.

It’s because of this that we highlight the importance of starting small and regularly saving your profits as you progress in this endeavour.

Crypto Bank: Final Thoughts

Crypto Bank comes across as a highly intuitive crypto trading bot capable of efficiently using AI technology to help anyone and everyone execute potentially profitable trades. It claims to have won a number of awards by credible authorities.

Additionally, it reportedly offers a high degree of accuracy and speed to possibly make crypto trading an extremely simple and rewarding activity, even for the most uninformed traders.

We’d like to mention that Crypto Bank isn’t the only trading bot that promises such features. There are others like Immediate Edge, Chainwizard AI, and Immediate Momentum that are worth checking out.