We all probably have the desire to improve our financial situation in some way, whether it be getting a better paying job or finding a way to make a profit without much effort. It can be tempting to think that with just a few clicks we can become millionaires. Unfortunately, there are companies that try to take advantage of these dreams and hopes. Cryptosoft is an example of one such company.
It’s easy to get carried away by the promise of financial independence, where you no longer have to worry about your bank account balance. But if something seems too good to be true, it probably is.
Is Cryptosoft a Scam? Yes!
Once you understand how these types of companies operate and how they try to trick unsuspecting individuals, it becomes easier to spot them. Cryptosoft, fraud, and scam go hand in hand, and this is not a company you can trust. The issue here is that the setup is so vague that you may not realize you’ve been tricked until it’s too late, as it will continue to sound good even as you start to lose money. These types of companies use the hope we all have of getting richer faster, and they sell this lie as long as they can.
In this article, we will go into detail on how Cryptosoft really works, as well as how they want you to believe their service works. Reading a Cryptosoft review may not give you a truthful understanding, as it could be written by those behind the website. Trading can be difficult to understand at first, but Cryptosoft is a scam that you should avoid. Here is everything you need to know about this scam, and why reliable services like eToro are a better choice if you want to make money online.
How Cryptosoft Claims to Work
Cryptosoft presents itself as a crypto bot, an algorithm that trades cryptocurrency on your behalf. They claim that this bot is so good at trading that it can make you a profit even if you have no knowledge of the market or trading. All you have to do is sit back and watch the money roll in.
However, this is not how it works. While there are legitimate crypto bots out there, Cryptosoft is not one of them. They use high pressure sales tactics and make unrealistic promises. Trading, whether in the stock market or cryptocurrency market, requires knowledgeand understanding. It is not something that can be done blindly, no matter how advanced the algorithm.
How Cryptosoft Actually Works
First and foremost, it is important to note that Cryptosoft is not licensed or regulated by any financial authority. This should be a red flag for anyone considering using their service. A legitimate company in the financial market should always be licensed and regulated to ensure that they follow laws and regulations to protect consumers. Cryptosoft, on the other hand, operates outside of these regulations, which means they can do pretty much whatever they want without any consequences.
Cryptosoft also uses high pressure sales tactics to try to get people to sign up for their service. They play on people’s fear and desire for easy money in order to get them to hand over their personal and financial information. Once they have this information, they use it to try to get people to deposit money into their account, promising high returns with minimal effort.
However, the reality is that most people who use Cryptosoft end up losing money. The algorithms that they claim are so advanced and effective are actually just random and have a low success rate. Many people have reported that their trades were automatically closed out at a loss, even though they had set stop-loss orders in place to try to protect their investment.
Cryptosoft is also not transparent about their fees. They do not clearly disclose how much they charge for their service, and many people have reported being charged hidden fees that they were not aware of. This is a common tactic used by scam companies to try to take more money from their victims.
How Cryptosoft Tries to Trick You
As humans, we have a tendency to hear what we want to hear and understand only what benefits us, and this is something that Cryptosoft and other similar Bitcoin traders have learned to exploit. They paint an almost utopian scenario, making it sound like it is guaranteed to happen to anyone who chooses to invest. That is where the actual trap lies.
For those who understand Bitcoin, cryptocurrency, and how a trading platform works, it is clear that it is rarely, if ever, as simple as Cryptosoft makes it seem, and that it is a scam rather than a potentially miraculous opportunity. In short, their scam works like this:
- Ads on the internet that look like they are from reputable websites start appearing.
- These ads redirect the user to a page where they can create a Cryptosoft account.
- The user is asked for their email address and phone number, and Cryptosoft suggests a deposit of €250.
- If no deposit is made, the phone number is used to call the person and try to persuade them.
- Even if a deposit has been made, the calls continue in an effort to convince the person to invest more money.
- This continues indefinitely, without the person ever receiving any payment or the ability to recover the money they invested.
- Empty promises and pressure can lead to the person investing more.
Unethical Use of Celebrities
Another thing that companies like Cryptosoft are known for is using celebrities – well-known individuals – to make their offerings seem more trustworthy. In the case of Cryptosoft, Filip Hammar is one of the Swedish TV personalities who has warned that his face was illegally used in their advertising. This is a major problem because it is very easy to feel comfortable when you see a popular artist or celebrity thinks something is a good idea. It is very worrying when it is revealed that a company like Cryptosoft has lied about this in order to attract investors.
Making it Sound Easy
The scam itself is built on Cryptosoft not being transparent enough about what happens after you invest money. They make it seem like you will undoubtedly become rich after they have their money, and they deliberately omit the risks of losing. In addition, they use high pressure sales tactics and make unrealistic promises to try to lure people in. They also use vague language and do not provide clear explanations of how their service works, making it difficult for people to fully understand what they are signing up for.
It is important to be cautious of companies like Cryptosoft and do your own research before investing in any cryptocurrency trading service. Look for transparent, regulated, and reputable options, and always be aware of the risks involved. It is also a good idea to be wary of ads that seem too good to be true, and to verify the credibility of any celebrities or well-known individuals who may be promoting a service.
How to Protect Yourself from the Cryptosoft Scam
It is easier than you might think to protect yourself from Bitcoin scams like Cryptosoft; it mostly just requires critical thinking. If something sounds too good to be true, it probably is. While it is not impossible to make money with Bitcoin and even become rich from it, it is highly unlikely that you will be able to make a fortune in just a day or two. If someone promises quick results, it is almost certain that it is a scam.
You must simply realize that no one will practically give away million-dollar amounts, and if it were really that easy to become a millionaire, then everyone would use Cryptosoft to buy Bitcoins and they would not have to call 100 times a week. That is not how it is, and it is because Cryptosoft is a scam that is only after your money.
Five signs of a scam:
- It sounds too easy and too good to be true.
- The minimum amount that can be deposited is very high.
- Extremely persistent on the phone and by email.
- Customer reviews that are oddly worded.
- Celebrities are used to persuade new customers.
Frequently asked questions (FAQ)
Below are some of the most common questions and answers related to Cryptosoft, cryptocurrency, bitcoin, and this type of investment, which hopefully will make it easier to recognize a scam or fraud almost every time you see an advertisement or are personally contacted.
It says that a famous person has become rich with Cryptosoft, how do I know it’s not true?
It is very common for scam websites to claim that famous people have used their services and that these people also recommend the service, and this is rarely true. Celebrities are usually careful not to go out and recommend a company or service in that way, and if you are unsure, you can Google a little to see if the information can be found on the celebrity’s official website or social media, and if not, it is most likely false advertising.
Can I get money back that I have deposited with Cryptosoft?
The simple answer here is no, it is not possible, as once you have made a deposit with this type of company, the money is gone and cannot be recovered.
Can I make money on Bitcoin?
Absolutely! Cryptocurrency is a real market that can make you rich, but not with a company like Cryptosoft. Instead, it requires learning a little about the industry and choosing to rely on a service like eToro that performs reliable transactions, or else you will definitely just lose money.