The buzz around Crypto Engine as a reliable crypto trading software for passive income has attracted many investors. As a result, crypto enthusiasts are searching for genuine Crypto Engine reviews to decide whether to invest with the platform. But, if only there were a legitimate Crypto Engine review, and not the paid ones ranking top of Google search result.
Thankfully, we have a section of our website dedicated to sharing helpful information about crypto investment websites promising mouthwatering passive income to investors.
Crypto Engine recently got on our scam alert radar, so we researched the platform to answer the big question: Is Crypto Engine scam or legit? Here’s what we found out.
Crypto Engine Review
Crypto Engine claims to be an effective crypto trading technology with a market research accuracy rate of about 95%, which can help investors generate $1,500 daily with a minimum deposit of $250.
That puts Crypto Engine in the same category as Bitcoin Revolution, Bitcoin Superstar, and Bitcoin Loophole – confirmed crypto trading scams, which require investors to deposit $250 with the potential of making a daily profit of up to $1,500.
Crypto Engine has three variant websites – crypto-engine.org, thecryptoengine.net, and crypto-engines.com. Further investigation revealed that the website cryptosengine.com simultaneously hosts information about the Crypto Engine and Bitcoin Revolution.
The platform also claims to trade in many of the cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Gold, Monero, ZCash, Golem, Lisk, XRP, etc.
Fake Endorsements
The Crypto Engine websites have short video clips from CNN and CNBC, which show famous business people and entrepreneurs, such as Bill Gates, Eric Schmidt, Mike Novogratz, Chamath Palihapitiya, and Richard Branson, etc., talking about the financial benefits of Bitcoin.
Although the information contained in the video clips does not reference Crypto Engine, the founders put up those videos to dull investors’ sense of alertness so they can sign up on the platform.
The Hasty Timer
The website also has a stock ticker that shows the number of available spots and new investors that just registered and made their payments. This is a strategy to persuade potential investors to act fast while stock lasts.
During our Crypto Engine review, we noticed that after filling our details (name, email address, and phone number) in the registration form, there was neither a confirmation email nor a message from Crypto Engine to acknowledge rea successful signup. This was a red flag that Crypto Engine is also a data collection outfit.
Our suspicion was confirmed with further investigation on the platform. The privacy policy and disclaimer sections of the website disclose the primary motive of putting up the site- to gather as much personal information as possible for its clients.
“As part of providing you with the Services, we collect your Personal Information on registering an account. “Personal Information” means any information from which you can be personally identified.
(a) we may collect, store and use information about your computer, mobile device, or other item of hardware through which you access the website and your visits to and use of the website (including without limitation your IP address, geographical location, browser/platform type and version, Internet Service Provider, operating system…
We use affiliate links and may sometimes receive compensation for recommending services and products.”
Is Crypto Engine Scam or Legit?
- No Verified Means of Contact
Our review on Crypto Engine shows that the creators did not include their information or contact details on the website. There are only two options for contacting them – via a contact form and email (info@crypto-engines.com). The queries sent via both mediums are yet to be replied to.
- Lack of Transparency
Every genuine investment company tries to be as transparent as possible to woo its customers to patronize it. There’s no transparency found in the Crypto Engine software.
The identities (such as names, track records, etc.) of the people putting up the software are lacking on the website. Instead, they used video clips of other well-known people as bait to catch unsuspecting investors.
- Use of Fake Promises
The creators of Crypto Engine claim that their software has a market research accuracy rate of about 95%, which can help generate $1,500 a day with a minimum deposit of $ 250. That sounds too good to be true.
Their statements on the Disclaimers page confirm our fear of fake promises.
“Information and characters depicted on Crypto Engine are fiction… You are responsible for your actions and decisions when using all products and services offered by Crypto Engine… Earnings and success as portrayed in the testimonial section are exceptional results meant for inspiration. They don’t, therefore, guarantee you of similar success.”
- Use of Unregistered/Unlicensed Offshore Broker
After filling the registration form, Crypto Engine collects your details and forwards it to an unregistered offshore broker who then calls you to invest with their “experienced money manager.” There is no guarantee you’ll get your money back because the offshore brokers are not trackable.
- Use of Unconnected and Out of Context Endorsements
Founders of the Crypto Engine used unconnected statements made by successful entrepreneurs about cryptocurrency to lure unsuspecting investors into losing their money.
Is Crypto Engine Safe?
Crypto Engine isn’t a safe crypto trading platform because it makes you deposit money before seeing any trading signals. They simply collect your money and push you to a scam broker whom you can’t trace in the event of a loss.
The brokers are not registered cryptocurrency exchange. They are offshore Contract for Difference (CFD) brokers. Although cryptocurrency is decentralized, most trading platforms are licensed and regulated except in decentralized exchanges.
Final Words
Having read our honest Crypto Engine review, we advise investors interested in crypto trading to look for regulated brokers that provide a safe and legitimate trading environment.
Beware of offshore and unlicensed brokers with unrealistic promises. They always convince you to gamble with $250, and with time persuade you to deposit $5,000 or more. Be careful with Crypto Engine and other crypto trading platforms that always emphasize that they are safe and secure, requiring a $250 deposit as a requirement.
We hope you find this Crypto Engine review helpful. Do well to bookmark our scam alert page for more reviews on the latest crypto investment platforms promising high returns.
