The immense boom of the Bitcoin industry over the past several months has inevitably sparked the endless creation of cryptocurrency related scams. It feels like for every one legitimate opportunity we come across there are 3 or 4 other deceptive operations that we had to debunk prior to reaching it. In the case of Crypto All Day, we encounter not a cloud mining or pyramid scheme business model but instead an online investment platform that, at first sight, successfully pulls off the appearance of a legitimate brokerage. Upon further analysis though, slowly and exhaustively we were able to peel away the deceptive layers of the CryptoAllDay.com platform. Throughout this detailed review, you will discover our findings regarding this phony investment brokerage and why this platform is not one that should be trifled with.
What is Crypto All Day?
The About Us section found at CryptoAllDay.com does a relatively poor job of providing insightful information regarding their platform. Claiming to operate as a 100% safe personal Internet wallet, crypto investors are encouraged to part with their bitcoins by depositing through their site. How many bitcoins an investors deposits through Crypto All Day will dictate which investment plan they become enrolled through and which trading features become available to them.
What does Crypto All Day Offer?
Crypto All Day portrays their operation as an online platform that will safely guard your deposited bitcoins. Pooling together your deposited funds with other investors funds, the team of financial experts employed through this brokerage will then intelligently invest your deposit through a variety of high yielding investment channels. No specification as to which assets are traded are specified but allegedly their team will apply hedging trading approaches along with provide hedging insurance to ensure the well-being of your deposited funds.
What we found misleading about claiming to provide hedging insurance would be how deeper research revealed that this platform is not regulated or insured by any regulatory entity. This indicates to us that this brokerage is not safe to invest with while also discrediting their claim of “safeguarding” your deposit since they are not an insured platform. Investors who still wish to ignore these red flags and enroll through this platform are able to get started with 1 of 4 account types.
Light Trading Account
Deposit Bonus: 20% initial, 10% for reoccurring deposits
Deposit Required: $250 USD or 0.04 BTC
Account Features: Daily and weekly market reviews
Standard Trading Account
Deposit Bonus: 30% initial, 20% for reoccurring deposits
It should be made clear that the acceptance of any of these deposits bonus will “lock in” your funds with the brokerage. It isn’t until you generate a volume of trades between 15x to 40x the accepted bonus deposit that you will be eligible to file for withdrawal.
Crypto All Day Misconceptions
According to CryptoAllDay.com, their operation is owned and operated by a private limited corporation known as Petrasol Ltd. Negating this claim would be how search queries conducted through Republic of Seychelles business registers fail to churn up any credible search results of Petrasol Ltd being a verified business. As previously mentioned, their site claims to offer hedging insurance yet they are not overseen by any regulatory body which means that they are not insured.
Other misconceptions found on their site would be how they essentially operate anonymously. The only real identifying information disclosed to us on the site would be there telephone number +44 203 808 3763 along with their email address [email protected] No information regarding their creators or operators can be found mentioned anywhere on the site. Furthermore, the site claims to have been in operation since 2015 yet a WHOIS report will reveal that this domain was created only on August 14th, 2017.
Can CryptoAllDay.com be Trusted?
After considering the information laid out to you above, it becomes quite clear that this operation is not trustworthy. No information regarding their technology platform is disclosed, they are operating completely anonymously, they fail to verify that their team of financial experts are licensed and foolishly lie about their operational procedures and date of origin.
While CryptoAllDay.com claims to have over 95,000 active trading accounts on their platform, a SimilarWeb search will reveal these claims to be bona fide fabrications of the truth. Reflecting a poor SimiliarWeb global rank of 7,047,018 it is clear to us that this operation is not popular and receives minimum amounts of traffic, if any at all.
I saw you wrote an article on Cryptoallday and that they are scammers. I want to confirm that. They scammed me out of $25 000 on Friday. They blame the drop of a the bitcoin, but Timothy O’Connor told me my money is liquid. They sold my bitcoin before the price started dropping. Unfortunately I was doing business with them from 20/11/2017 … that was before you wrote the article on them.
Crypto All Day Review Conclusion
Crypto All Day is a poorly developed online platform that will do nothing more than steal your Bitcoin deposits. Providing no insight into their platform features while leaving much of their operation unknown is a considerable red flag that we cannot ignore. If you are searching for investment brokerages or Bitcoin exchanges to invest through, make sure the operation you are looking into is more than open about their identity and provides transparent information regarding their operational model.
Review Verdict: Crypto All Day is a SCAM!
Blacklisted Site: CryptoAllDay.com
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