Crypterium is a new cryptocurrency trading solution which was established with the purpose of serving as a crypto bank. Our in-depth inquiry did not manage to determine whether it is subject to any kind of regulation. There are no indications of such – no stickers, nor approval certificates present on the official website.
The cryptocurrency exchange was established by not one but four co-founders – Steven Polyak (Managing Director), Austin Kimm (IR Director), Vladimir Gorbunov (CCO), and Gleb Markov (COO). Such an increased number of creators is never a good indication.
Another far-fetched claim which appears on the product website is the fact that this is supposed to be ‘The JP Morgan of Cryptobanks’. There is absolutely no proof that the crypto mining tool is a legit Initial Crypto Offering (ICO).
Users should regard the cryptocurrency trading platform as a possible scam. They can decide between Proceed to Safe Binary Robot OR Choosing an Authentic System from the table below.
Top Brokers with Demo Account:
- Price: No Initial Deposit
- Software: Cryptobank Trading Platform
- Max Returns: 30%
- Min Deposit: 1 CRPT
- Mediator Between the Crypto & Fiat Currencies
- No Clear Foundations
- Abstract Investment Concept
- Not Based on Established & Proven Principles
- Uncertain Future of the Cryptobanks
- No Average Earnings Statistic
What is Crypterium Cryptobank?
This digital investment tool can allegedly provide risk-free trading operations and mediate between the crypto and fiat currencies to favorable results. This types of investment solutions are still new and it is not clear how exactly do they function.
One of the things which make us doubt the legitimacy of the crypto mining solution is the fact that there are four creators. The promo video states that it is supposed to gather funds in order to get an official release one day in the future.
There have been very little precedents up until this moment which can actually prove whether such types of cryptocurrency trading solutions are a reliable and authentic instrument. Cryptobanks have to have some sort of official regulation and monitoring so that they don’t scam people.
This is why we suggest that users proceed with increased caution and turn to a truly legit investment software. Such would be the QProfit System by Jerry Douglas. Existing trading reviews confirm that it is capable of generating good and consistent daily results.
Many people ask themselves about the differences between e-Wallets and cryptobanks. We will provide users with the answer. The first ones’ main purpose is to safely store and transfer cryptocurrency exchange earnings. The second provides purely banking services, such as the currency exchange of an asset, lending of digital currency, and cross-border payments.
What is the Function of the Crypto Mining Tool?
We managed to determine the way that this cryptobank operates. Users are entitled to receive a loan in the form of a digital currency. They have to convert it into a monetary exchange of their choosing. When the loan end period begins to approach, the borrow must redeem and clear it off via the CRED platform with the interest rate included.
Traders can also purchase tokens and become part of the company. The sale has already started but there is no clear date for the expected ICO yet. Due to the many uncertainties regarding this cryptocurrency solution, we advise against registering for its services.
Is the Cryptocurrency Exchange a Scam or Legit?
We carefully inspected the way that this crypto platform functions. There are still many questions about its operational process that remain unanswered. We can not recommend it as a safe and legit investment instrument. Online traders should regard it as a possible scam until it is proven to be trustworthy.
It does not have the usual features of an authentic investment solution. There is no customer support and no educational materials. Anyone who completes the sign-up does not know exactly what he or she is getting into. There are also no tools to compensate the missing ones.
Crypterium System is a cryptobank whose origins are dubious. While such crypto mining platform does have a chance to establish themselves on the market, they are not subject to any kind of regulations for the current moment. This is why users should not be quick to get started with them and wait until it is proven beyond any doubt that they are not a scam.
After our research we concluded that Crypterium does not provide a demo account.
The lack of practice account and risk free trading makes this broker unsuitable for traders who want to learn how to trade without losing their investment.