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Crypto Bank Review 2021 - Is It Worth It?

Crypto Bank is a cryptocurrency trading bot that claims to be equipped with advanced AI technology which aids precise and swift trading decisions. You can trade in both ‘automated’ and ‘manual’ modes, giving you a lot of flexibility based on your preferences.

Crypto Bank positions itself as a highly profitable crypto trading bot in the market. We carried out a detailed review of the product to better understand its workings and to ascertain the truth behind its claims.

What is Crypto Bank?

Crypto Bank is a crypto trading robot that claims to make 99.4% accurate decisions and stay 0.001 seconds ahead of the market. The software reportedly allows you to use 6 well-known trading indicators and up to 7 different timeframes, thus giving you access to a wide range of trading signals. It further claims to offer a potential daily ROI of up to 60%.

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Who Created Crypto Bank?

We conducted thorough research on websites directly and indirectly associated with the Crypto Bank trading software, but none contained any valid info on its creators. Hence, there’s no way to discover who among the industry experts gave shape to this product and what their background is. 

As per one of the third party review portals, Crypto Bank is the result of a detailed study of some experts who were keen on finding a better way of trading cryptocurrencies, and profiting from such activity. The software is apparently associated with multiple brokers that execute trades on users’ behalf.

Start Trading in 3 easy steps

1. Open a Free Account

In order to obtain a free copy of the Crypto Bank software and use it on a reputed brokerage portal, you’ll need to open a free account with it first. This can be done by providing some basic details such as your full name, email ID, phone number, and a password. Thereafter, you’ll be automatically redirected to a brokerage portal, where you can login through an account number and password sent to you via email. Please note, you may have to fulfil certain KYC verification requirements to successfully use the platform’s services.

2. Make a Deposit

As per info provided on the Crypto Bank site, you’re required to make a minimum initial deposit of $250 to get started. The deposited funds show up as available balance on the underlying brokerage platform, and since these are claimed to be regulated providers, your funds can be considered safe with them. The deposit can be made via multiple payment methods including a debit/credit card, bank transfer, crypto wallet, or a recognised e-wallet.

3. Start Trading

You can begin crypto trading activity as soon as the deposited funds show up in your trading account. Crypto Bank allows you trade in both automated as well as manual mode. However, as per claims made by its users, its full potential is realised mainly in the automated state, wherein it uses an advanced AI algorithm to locate and execute profitable trading opportunities on the user’s behalf.

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Pros & Cons of Crypto Bank?

Pros

Easy registration: Crypto Bank makes it extremely easy and quick to open an account and get started with the trading activity.
No need of prior trading knowledge: The software claims to offer a very user friendly interface that can be used by anyone to execute profitable trades in autopilot mode.
High accuracy: Crypto Bank reportedly performs at an impressive 99.4% accuracy level, which can be instrumental in increasing one’s overall ROI from the system.
Superior technology: As per details on the Crypto Bank site, it uses an advanced AI algorithm to enhance and expedite the overall trading experience. It claims to be ahead of the market by 0.001 seconds.

Cons

Initial investment: In order to use the Crypto Bank trading bot, you’ll need to make a minimum initial deposit of $250, which can be a put-off for many.

Key Features of Crypto Bank

Payouts

The trading bot claims to offer a regular 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 like your first name, last name, a working email id, a preferred password and a working phone number. Once you’ve provided all this info, 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. You can reportedly make withdrawals every 24 hours and the funds would be credited to the chosen withdrawal medium (bank transfer, PayPal, credit card and e-wallets like 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 like TrustPilot and others. 99% of these testimonials 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, a well-known consumer feedback platform, Crypto Bank has an overall 4.6 rating out of 5, with 70% of reviewers rating it as ‘Excellent’, while 29% rating 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.

Free of cost

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 (Contracts for Difference) can be a very complex affair for many people. Crypto Bank can make such trading extremely simple when used in 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. For existing crypto traders, it can potentially prove to be a very helpful add-on service, and bolster their 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 such shows and conducted our own research to get to the truth.

Dragons Den

Dragons Den is an extremely popular TV reality show wherein entrepreneurs pitch their prototypes and ideas to rich investors. However, we couldn’t find any episode of the show that featured 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 celeb 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, leave 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 5 such ways in which 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 well-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 minimum 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 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 cannot afford to lose. This is all the more applicable in the crypto industry, owing to its highly volatile nature. It’s only because of this that we highlighted the importance of starting small and regularly saving your profits as you progress in this endeavour.

Our Conclusion: Crypto Bank

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 Bitcoin Madrid, QProfit, and PrimeBit Profit that are also worth checking out.

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Frequently Asked Questions

  1. Yes. As per info obtained from a few third party sites, Crypto Bank uses distributed ledger technology and is powered by RSA encryption. The product is also compliant with multiple data privacy regulations including EU GDPR (General Data Protection Regulation).

  2. As per the information provided on the Crypto Bank website, the members claim working an average of 20 minutes per day, using the automated trading mode, will yield good results.

  3. Please note, Crypto Bank only offers a trading bot equipped with multiple indicators and signals to possibly help you execute profitable trades. The actual trades are executed through a brokerage portal where you get redirected.

  4. Crypto Bank software decides the best suited broker for you, based on your geographic location.

Disclaimer: All testimonial photos are stock imagery and do not represent the people behind the feedback.

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