It can be quite daunting to step in the world of trading when there is so much talk about scams and frauds. Well, you can’t blind your eyes to reality because that’s not going to benefit you in any way. So, when it comes to trading cryptocurrencies, there are lots of frauds awaiting you in this world, mainly because most of the investors in this market are new to not just the cryptocurrency market but investment itself. There has been a lot of debate about the legitimacy of Crypto Genius. Many people are of the view that it is just a scam.
Let’s get into the details of what Crypto Genius is and then guide you in the right direction so you can keep your money safe.
Knowing a Bit about Crypto Genius
So, the first thing that’s going to bother you is the whole idea of this platform. It sounds too good to be true, and perhaps it is. But you can never tell for sure. It is a software platform that allows automatic trading, which is referred to as bot crypto trading. You have to put the software on the autopilot mode and it continues to monitor the markets and takes decisions as soon as opportunities arise. The part that makes it appear as a scam is the promises made by the developer of the platform.
According to the creator of this bot system, you can make thousands of dollars from cryptocurrency trading on a daily basis. The idea might still have sounded a bit believable had it been a thousand dollars in a month, but that’s not the case. The platform promises that you will be able to make thousands of dollars every single day – guaranteed! The word guaranteed has been used because the developers believe their system makes more than 90% of profitable trades.
We are not saying that Crypto Genius is a scam, nor are we proving otherwise. We are letting you make the decision. However, if you can’t make up your mind about signing up with this automatic trading bot, you should consider XTRgate.
A More Reliable Trading Platform
You might hear a lot about XTRgate scam on the internet but this online broker has done almost everything it can to be a believable platform. It does not promise you any millionaire stories. It does not push you to trading. It trains you before you can start trading and serves only as an online platform for you to trade cryptocurrencies in the form of CFDs. The best part is that you will not require a lot of money to sign up with it in the first place so the risks are small right from the beginning.
At the same time, you will be in charge of your trades. The profits or losses that you incur will only be based on the trading strategies you implement.
When you are putting your money on the line, it should not hurt to do some research. It will only take a few hours of your time in the entire day to find out about the best online brokers for trading cryptocurrencies. While we have given you one recommendation, you are free to explore your options yourself too.