Metacrypt – A Scam If You Have Ever Seen One

Metacrypt Scam

The demand for cryptocurrencies has reached an all-time high and people all over the world are turning towards this space in order to take advantage of its potential. Since these digital currencies are highly volatile, it means there are lots of opportunities for making profits, even if the risks are high. In order to get started, you require a good platform and this is where most people end up stumbling. Scams are rampant in the crypto market and there are numerous fraudulent platforms that exist. You need to be on your guard when you are looking for one and check this Metacrypt review to know what to look for.

These scam platforms deliberately have such trappings that people are unable to resist and by the time they realize the truth, it is already too late. No matter how eager you are, it is good to exercise some control in order to make the right decision in the first go. You don’t want to waste your hard-earned money and miss out any opportunities because you choose the wrong platform. You need to do the same in the case of Metacrypt, which presents itself as a cryptocurrency investment platform for everyone looking to make money in this market.

According to the Metacrypt website, they can help you generate a passive, stable income for investors through the cryptocurrency market and this sounds like a dream come true. Who doesn’t want to make some money without having to do anything? It is undoubtedly appealing, but you will soon realize that it is just a high-yield investment program (HYIP) that operates just like a Ponzi scheme. When you look past the window dressing, you can see the numerous flaws and understand that it is not one you should rely on. Let’s look at it in detail:

No regulation

 Before you trust any platform with your money, you should check out their regulatory status and license. While this does not guarantee that you will not suffer from losses, it can and does save you from fraud because the company can be held accountable. Considering the fact that Metacrypt claims to have an office in London, United Kingdom, you should be relieved because to be able to operate there, they would need to have a license from the Financial Conduct Authority (FCA).

The FCA is recognized as one of the leading regulators in the world and a license from them is immensely valuable, thereby providing you with security. Unfortunately, you will learn that Metacrypt does not seem to have a license and you cannot find them in the FCA’s online registry. This should immediately send up a red flag because it means they are either operating illegally, or have lied about their address. Would you trust a company like that?

No details about platform

One of the claims that you will come across at the Metacrypt website is about the platform they have developed, which can give you an unbelievable profit in a short span of time. They have several investment plans that claim to offer about 2% profit in a matter of five days. This is certainly impressive and they assure profitability, but how? You obviously want to know more about their platform, but they have not shared any information about it. You are expected to just take their word for it and this is a big mistake.

Yes, they do have various customer reviews on the Metacrypt website, but they are not a guarantee of authenticity because these can be fake as well.

A Ponzi scheme

The referral bonus program that you will find at Metacrypt is an indication of a Ponzi scheme at work. They expect you to refer the platform to others and you get paid for it, which is how these schemes usually work.

Final Word

Once you understand the red flags associated with Metacrypt, you can determine that it is not one you should trust.