Primary Crypto (PrimaryCrypto.com) is an investment firm that claims its goal is “to develop and secure channels of investment that enable individuals to take responsibility for their savings.” They provide their customers with tools and information that will allegedly allow them to invest money “independently and successfully with minimal risk and minor fees.”
Should you invest with Primary Crypto, or is this a misleading investment opportunity, perhaps even a scam? This is exactly the question we will address during this PrimaryCrypto.com review.
The first thing we need to find out when trying to determine the legitimacy of an investment company is who is behind it. What’s the name of the company? Are they licensed to offer investment advice? Where are they located? How can one contact them? You definitely don’t want to invest money with an anonymous company.
According to PrimaryCrypto.com, the team who runs this site “includes former high-level financial experts, successful floor trading veterans, and some of the most highly-skilled analytic minds in the financial sector.” No names are mentioned.
The domain PrimaryCrypto.com was registered on October 26, 2017. A privacy package was purchased which makes it impossible to find out the identity of the person or company who registered the domain.
In the footer, after a lengthy disclaimer which states they assume no responsibility for loss of your deposited funds, a name of a Slovakia company is disclosed: Dwork LTD. They are said to be located at Horna 54, Banska Bystrica, 97401, Slovakia.
We were able to confirm this by searching for “dwork” on orsr.sk, the Slovak Republic Business Register. The company is called Dwork s.r.o. and it’s a private limited liability company (ID 51 215 411) registered on November 21, 2017. The address is indeed Horná 54 Banská Bystrica 974 01. The sole managing director is Ing. Jozef Kremnický from Jelenia 1, Bratislava – mestská časť Staré Mesto 811 05.
Interestingly, in Jozef Kremnický’s other operation (nextlevelservice.sk), he seems less concerned about his anonymity.
How can one contact PrimaryCrypto.com?
According to the site’s contact, their office is located in England, specifically in the following address: 24 Percy Street, London, UK W1T2BS. A phone number (+442038080044) and an email address ([email protected]) are provided, as well as a contact form.
Now that we know who is behind this operation, let’s take a closer look at what exactly they are offering.
Primary Crypto is a cryptocurrency investment firm which also provides education, market news, data and analysis. They offer a web-based trading platform with “a choice of over 200 assets, an array of 20 adjustable technical indicators, and a direct feed from the best data suppliers in the industry.”
Deposits can be made in USD or Euro. The minimum deposit amount is 100.
The education corner offers a minimalistic explanation of cryptocurrencies and a few videos embedded from different YouTube channels. No original content is provided.
Primary Crypto Scam
After going over the PrimaryCrypto.com website, we are not impressed to say the least. It seems that the site is ran by a one person company, and not be a serious investment firm. The site is brand new (4 months at the time of posting this).
The information provided on the site is lacking. Not even a clue regarding what kind of trading is offered – whether it is binary options, CFDs or cryptocurrency trading.
According to SimilarWeb, the site is not at all popular with the exception of Norway, where it is ranked 108,321 as of February 2018.
The conclusion of our review is that you ought not to trust Primary Crypto. We believe it is most likely a scam.
Review Verdict: Primary Crypto should NOT be trusted!
Blacklisted Site: PrimaryCrypto.com