Crypto Trader Review: Is it a scam or legit?

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This post was most recently updated on October 1st, 2020

is crypto trader a scam - Crypto Trader Review: Is it a scam or legit?

The world of cryptocurrency changes daily and every day more and more people are becoming curious about trading and investing online. Bitcoin is especially popular and there have been many testimonials raving about the high profits users can anticipate earning through Bitcoin.

Cryptocurrency is definitely an alternative way of generating income. Fresh Starters may be under the impression that trading on the cryptocurrency is complex, but there are a variety of tools at your disposal, including Crypto Trader. Crypto Trader is one of the most popular trading technology platforms for cryptocurrencies in 2020.

We were curious to find out whether Crypto Trader is a legitimate tool for fresh starters and experienced traders.

Here is our full review of the Crypto Trader Technology:


What is Cryptocurrency?

A cryptocurrency is a digital currency that is designed to work as a medium of exchange. Cryptocurrency uses cryptography to secure and verify transactions. It also restricts duplicates and counterfeit assets. Cryptocurrency works through a blockchain. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain.


What is Crypto Trading?

Crypto Trading involves exchanging one cryptocurrency for another. This includes buying and selling coins, and exchanging fiat money into cryptocurrency. It is quite similar to foreign exchange (forex). There are now over 2000 variations of cryptocurrency in existence. Bitcoin and Ethereum being amongst the most popular crypto trading currencies out there.


What is Bitcoin?

Bitcoin is a virtual or digital currency that is completely decentralized and is not governed by any bank or governmental authority. It is basically an online version of cash. You can use bitcoin to buy products or services, but there are not many shops or companies who accept bitcoin. In some countries bitcoin has been banned altogether. There are no physical bitcoins, even though there are pictures online. These pictures are only used for novelty purposes. Even if these images are printed, they would be worthless.


What is Crypto Trader?

Crypto Trader is a trading technology software used specifically for trading on the cryptocurrency market. This technology uses intelligent algorithms to analyse the cryptocurrency market signals and presents users/brokers with the most profitable trades. Software like Crypto Trader makes life much easier for fresh starters, experienced investors and brokers. The Crypto Trader technology does not require investors to do any hard work or follow a complicated process. The technology handles everything and many investors have reported to have earned significant profits on their very first trade.

Crypto Trader allows users to make a minimum investment of €250, this investment is also the required deposit. No live trading can begin unless the deposit is paid. The minimum deposit a user can make is €250 and the highest deposit allowed is €15,000.

Crypto Trader


Who Created Crypto Trader?

Crypto Trader is allegedly managed by a team of expert software engineers, tech investors and cryptocurrency traders who personally organize and supervise the activities on the cryptocurrency trading platform. Recent reports suggest that Crypto Trader was founded by Edward Clark and Freddie Parker, highly experienced traders. Both Clark and Parker have replicated their trading strategies in this system.

For new investors interested in making money as a cryptocurrency trader may require training and education, for this reason automated trading platforms like Crypto Trader have become a popular way of generating an income with ease and even gaining financial freedom.


Is Crypto Trader a Scam or Legit?

There are many cryptocurrency scams out there. It is only natural that new users question the technology, how it works and if it is effective. We have investigated claims around the Crypto Trader technology and thus far we have not found any inaccurate or misleading information.

Here are a few claims that will assist you in making your decision:

  • It is reported that Crypto Trader is managed by a team of software engineers and cryptocurrency traders.
  • Crypto Trader has an alleged success rate of 95%, if this is true it would mean that all active users can generate a considerable amount of wealth using this technology.
  • Crypto Trader offers new users a 60-day money back guarantee if they are not happy with the service.
  • Initial investment is a minimum €250 USD.

How Does Crypto Trader Work?

After registering on Crypto Trader and making the initial deposit, the algorithm will perform trades automatically using information gathered from the cryptocurrency market. Before Trades can begin the algorithm analyses the information gathered from the crypto market to find the most profitable transactions for the user. Only the most lucrative trades are selected.

After earning a profit from trades at the end of a trading session, the technology takes a percentage from the profit and the balance is added as capital to the users Crypto Trader account.


Advantages of Trading with Crypto Trader

Here are some of the advantages of investing with Crypto Trader:

  • High success rate- every user has the potential to earn daily profits with Crypto Trader.
  • Intelligent algorithm- the Crypto Trader algorithm is programmed to analyse a high volume of data in mere seconds and live trading can begin.
  • Online safety- the SSL online security protocol is installed in the technology.
  • No registration fees- everyone is eligible to opening a Crypto Trader account for free.
  • Fast withdrawals- withdrawals are processed within 24-hours.

Crypto Trader vs Other Trading Technologies

There are some significant differences between Crypto Trader and other trading technologies. Crypto Trader’s registration process is quick and easy. Other trading technologies require extensive information and may take quite some time to get going. Other trading technologies also require a subscription fee, but with Crypto Trader, only a minimum deposit is required. The technology offers new users a great user experience and is easier to navigate than other trading technologies. Crypto Trader’s customer support is also another bonus.


Trading Transactions – How does it work?

We were keen to understand how exactly the trading works so we were critical in our analysis. Especially since so many of the automated transactions yielded high profits.One of the biggest advantages of these trading platforms is that they are highly efficient, some would even say lightning-fast-which is crucial when trading since prices fluctuate in a matter of seconds and the market is always very volatile. This way Crypto Trader secures the best trading opportunities for the investor and it becomes easier to understand why the success rate for all transactions are reported at 95%.

Crypto Trader


How to Open a Crypto Trader Account

Opening a Crypto Trader account is fairly simple and should take about 20-30 minutes maximum. Upon opening an account, there is a list of more than 90 countries where interested investors can make money with Crypto Trader. There are multiple payment options available, which makes it easier for new users to invest in the cryptocurrency market.

Registration

Registering a new account is a quick and easy process. After verifying a new account, an email will be sent to the users inbox to confirm the bank details provided. Users will also need to create a secure password for their account. The website is also protected by a SSL certificate which protects details of transactions.

Fortunately, the Crypto Trader Platform does not spam users with unsolicited emails. After confirming details of the new account via email, users will be prompted to make the minimum deposit of €250. The deposit process is fast and takes about three minutes to complete.

Once the new investors details have been confirmed and the registration is complete, the first deposit can be made. The deposit process is lightning fast, in less than three to five minutes then new investors can begin to trade on the platform.

There is a certain feature called the “stop-loss” feature we need to explain. This is a protective feature that benefits the new investor.Other trading platforms do not offer potential investors this option, it is unique to the Crypto Trader platform. This feature prevents potential investors from losing all their funds/money if the market suddenly changes. This does happen from time to time since these markets are time-sensitive and extremely volatile. The stop loss feature is set before a trading session commences and trade will not exceed the restriction set by the account owner.

Official Crypto Trader Registration

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4.7

Our rating

Register for your Crypto Trader account through 7bitcoins and receive a FREE Personal Account Manager to walk you through your account setup process.

Crypto Trader has proved to be one of the best trading systems on the market. Any potential investors interested in generating income from the cryptocurrency market have a high chance of success using this trading bot.


Has Crypto Trader Been Featured in the Media

There have been reports that Crypto Trader has been featured on hit TV shows such as Dragon’s Den, This Morning and Shark Tank. We thought there was some merit in investigating these claims.

Has Crypto Trader Been Featured on Dragon’s Den?

Dragons Den is a famous british show where aspiring business people are given 3 minutes to pitch their business idea to a panel of successful business people in the hope of getting investment to launch and take their business idea to the next phase. Any product associated with this show would gain overnight success. We have not found any link between Crypto Trader and Dragons Den.

Has Crypto Trader Been Featured on Shark Tank?

Shark Tank is an american investment show similar to Dragons Den. Entrepreneurs are given a few minutes to pitch their idea to a panel of millionaires in the hopes that these millionaires will invest money in their idea. If Crypto Trader had the support of Shark Tank then its safe to say that it would be all over the news, however it is highly unlikely as Crypto Trader is not licensed in the states.

Has Crypto Trader Been Featured on This Morning?

This Morning is a popular British daytime television programme that is broadcast on ITV in the United Kingdom. It is presented by Phillip Schofield and Holly Willoughby. The series was originally presented by Richard Madeley and Judy Finnigan for more than ten years after its launch. It has been reported that the presenters have endorsed Bitcoin Evolution and other cryptocurrency related products on an episode of This Morning. We cannot confirm that these rumours are true and have found no factual evidence to support these claims.


Why Are These Rumours Circulating on the Media?

Affiliate marketers often use celebrities and celebrity television shows to endorse certain products or services. The aim is most likely to drive user traffic to these websites and generate a profit from this traffic. Having a celebrity endorsement means the product or service will automatically be regarded as credible. However, the celebrity endorsements are often fake or sensationalized.


Our Conclusion:

After doing a thorough analysis on the Crypto Trader technology we have found that Crypto Trader is a fully functioning platform and there are even consultants to speak to, who will walk new users through the entire process of setting up an account. While some people have lost money, there are those who have made from €200 a week to €1000 a week in profit.

Crypto Trader


FAQ

  • Who invented Crypto Trader?

Crypto Trader was invented by Edward Clark, a renowned cryptocurrency trader and Freddie Parker, a successful software engineer.

  • Is Crypto Trader legit?

Yes. Crypto Trader is a legitimate trading platform for cryptocurrencies. It has been thoroughly tested and it works.

  • Can all cryptocurrencies be traded on Crypto Trader?

Yes. Potential investors can trade Bitcoin, Ethereum, Dash, Litecoin and other coins.

  • Is Crypto Trader a pyramid scheme?

No, it is not. Crypto Trader has a similar process to the stock exchange, it just uses Bitcoins and other coins to trade.

  • Can I make money from Crypto Trader?

Yes. There is a huge possibility for you to increase your passive income and gain financial freedom daily. What you will earn depends on the deposit you make. We would encourage you to start small initially and find out as much information as possible about how auto trading systems work. You could always double your deposit after your first withdrawal and make more money.

  • How safe is the online process?

The process is very safe. The site uses an SSL certificate that encrypts any confidential information and protects potential investors against losing their money to online theft or ‘eavesdropping’.

  • Is it possible to study how trading bots work?

Yes. There is a variety of information available to you. This will enable and equip you to trade responsibly and find out how these trading robots work.

  • When will I receive my first payout after making a deposit?

Your first payout can be processed in 24 hours after making an initial deposit.

  • How transparent is the payout system?

You will find that Crypto Trader has one of the most transparent online payout systems. Your earnings are calculated accurately and deposited into your user account within seconds.

  • What are the available payment options to make a deposit?

You may use a Visa, MasterCard, Netteller, WebPay, among other options.

  • How much is needed to register a Crypto Trader account?

It is a free registration process. All you need to do is make a deposit to start trading.


Bitcoin Price Predictions 2020

Chamath Palihapitiya- $1,000,000 (by 2037)

Chamath Palihapaitiya is the co-owner of the Golden State Warriors and the founder of Social Capital. It is reported that his bitcoin journey started with a bitcoin investment made back in 2012. In 2013, it is claimed that he included bitcoin into his hedge fund, general fund and private account. Palihapitiya has predicted that the Bitcoin Price will reach $100,000 in the next few years.

In reports, he has said:

This thing has the potential to be comparable to the value of gold…This is a fantastic hedge and store of value against autocratic regimes and banking infrastructure that we know is corrosive to how the world needs to work properly”.

Wences Casares- $1,000,000 (by 2027)

Wences Casares is the founder and CEO of Xapo, which is a Bitcoin Wallet startup. He is also reported to be a board member at Paypal, among other roles. Wences interest in bitcoin first started when high financial volatility hit his home country in, Peso, Argentina. Wences bought his first bitcoins in 2011. He has predicted that bitcoin will hit $1 million sometime before 2027.

John Pfeffer- $700,00 (no date provided)

John Pfeffer is a partner at London-based family office Pfeffer Capital. It has been reported that Pfeffer set a bold price target for bitcoin of $700,000. According to Pfeffer, bitcoin is the world’s first viable replacement for gold.

Jeremy Liew- $500,000 (by 2030)

Jeremy Liew is a partner at Lightspeed Venture Partners, which is renowned as the first investor in the social media app Snapchat. Liew has a long list of other investments including the multimedia company Beme, Varage Scale and Wallet Ledger. Currently, his net worth is estimated at approximately $2 billion.

It has been reported that Liew has said that the price of bitcoin can realistically reach $500,000 by 2030.

Mark Yusko-$400,00 (no date provided)

Mark Yusko is a billionaire investor and the founder of Morgan Creek Capital. It is has been reported that Yusko’s prediction for bitcoin is that it will be worth over $400,000 in the next few years. His statement has apparently made headlines for its grandiose scale. It has been reported that Yusko had the following to say about bitcoin:

“It’s just math. It is the gold equivalent…there are about 20 million Bitcoin available today. Gold today is about $8 trillion. That gives you $400,000. And that doesn’t include use cases that relate to currency,” Yusko said.

Roger Ver – $250,000 (no date)

Roger Ver is an early investor in Bitcoin and related blockchain startups. Born in the US and now with citizenship in Saint Kitts and Nevis, Ver started his business career with a computer parts business, MemoryDealers.com. By early 2011, Ver had begun investing in Bitcoin, now with a portfolio including startups like Bitinstant, Ripple, Blockchain, Bitpay, and Kraken.

In an interview with Jeff Berwick, for The Dollar Vigilante blog, Roger Ver said in October 2015 that Bitcoin “could very easily be worth $2,500, or $25,000 per Bitcoin, or even $250,000 per Bitcoin”. Ver’s estimate is based on the principles of supply and demand, which he believes creates great potential for Bitcoin as a store of value.

Anthony Pompliano – $100,000 (by 2021)

Anthony Pompliano is a well-known Bitcoin personality. He’s a founder and partner at Morgan Creek Digital, a crypto-friendly asset management firm for institutional investors. He has previously claimed that he holds more than 50% of his net worth in Bitcoin, showing his belief in the cryptocurrency.

Pompliano has predicted that Bitcoin will hit $100,000 by the end of December 2021. At the time of the prediction (February 2020), Bitcoin had just reached the $10,000 mark, meaning the currency would need a 1,000% increase — within just two years — to reach his target. His prediction would put the market cap of Bitcoin at more than $2 trillion.

Kay Van-Petersen – $100,000 (by 2027)

Kay Van-Petersen is an analyst at Saxo Bank, a Danish investment bank which specializes in online trading and investment. Based out of Singapore with an MSc in Applied Economics & Finance from Copenhagen Business School, Van-Petersen is an active Twitter user with no fear of speculating on tough topics like the prices of cryptocurrencies.

Van-Petersen believes that Bitcoin will rise to $100,000 per unit by 2027, according to a feature by CNBC news published in May 2017. As the man who successfully predicted Bitcoin’s flow up to $2,000 by 2017, Kay Van-Petersen’s most recent estimate, perhaps a little optimistic, suggests that Bitcoin would then account for 10% of the volume in the foreign exchange market.

Tom Lee – $91,000 (by 2020)

Tom Lee is Co-Founder of the market strategy firm Fundstrat Global Advisors, and a well-known bitcoin bull. Lee initially set a Bitcoin price target for $11,500 for mid-2018, and then increased it to $20,000 as the cryptocurrency’s intrinsic value increased. These targets were instead achieved by the end of 2017.

He recently upped his prediction again, stating that Bitcoin’s price will reach $91,000 by March 2020, on the basis of a chart that shows Bitcoin’s (BTC) performances after past market dips. Lee and Fundstrat used an average of the percentage gained in price after each dip to arrive at the 2020 figure.

Tai Lopez – $60,000 (mid-term)

Tai Lopez is a renowned investor and internet marketing expert, famed for a viral video he had filmed in his garage. He believes that if a small portion (1%) of the assets of millionaires globally is invested into Bitcoin in the upcoming months, the price of Bitcoin could justifiably grow to around $60,000.

Given that the adoption of Bitcoin as a store of value and a medium of exchange within the global finance market is increasing exponentially, $60,000 remains a viable mid-term price target even for conservative investors. Only time will tell when/if this prediction is reached, though.


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Glossary of Terms for Trading Platforms

Terms Description 
Platform Fee Some trading platforms charge traders a fee to use the platform and access its tools. This may be a monthly or annual subscription fee. 
Cost per trade Cost per trade is commonly referred to as a base trade fee. This fee is charged to traders by brokers every time a trade is placed. Some brokers offer their traders discounts or charge a lower cost per trade for voluminous trades.
Margin A margin is the amount needed in an account to maintain a trade with leverage. 
Social trading Social trading refers to the interaction and exchange of trade ideas, signals and trade settings between the different classes of traders.
Copy Trading Copy Trading is commonly referred to as mirror trading and is a form of online trading that involves copying successful trading strategies/settings from other traders. It is commonly used by new, inexperienced traders and assists these traders in gaining experience. 
Financial instruments A financial instrument is basically proof of ownership or financial commodities of monetary contracts between two people, or parties. Within the money market, financial instruments are basically shares, stocks, bonds, Forex and crypto CFDs and other contractual obligations between different parties.
Index An index tracks and measures the performance of financial instruments on the financial market. 
Commodities Commodities commonly refer to raw materials that are used in the production of agricultural goods. Some of the common commodities on the financial market is oil, gas, corn, coffee and precious metals. 
Exchange-Traded Funds (ETFs) An ETF refers to funds that can be traded on exchange. The fund is a basket containing multiple securities such as stocks. 
Contract for difference (CFD) CFDs refers to a form of contractual trading that involves speculating the performance of a specific trade on the market. This includes stocks, commodities and cryptocurrencies 
Minimum investment A minimum investment is the amount charged to activate live trade. A minimum investment is usually only charged once and is only required once a trader has registered and agreed to commence live trading. 
Daily trading limit A daily trading limit is a setting that can be activated on a trading platform to control the lowest and highest amount that a security is allowed to fluctuate, in one trading session, at the exchange where it’s traded.
Day Traders  Day traders only open and close trades during the day. Forex traders are usually referred to as day traders. 
Arbitrage Arbitrage refers to the simultaneous purchase and sale of an asset in order to make a profit from a difference in price. 
Broker Brokers are commonly individuals or a company that handles trading transactions on behalf of a trader. Brokers usually assist in making the trading process easier. 
Carrying Charge Commodities such as grains and metals, the cost of storage space, and financial charges incurred by holding a physical commodity.
Cash commodity  A physical commodity that someone is selling. Such as, gold or silver. 
Day order The purchase and sale of a futures or an options contract on the same day, thus ending the day with no established position in the market or being flat.
Deferred Month The more distant month(s) in which futures trading is taking place, as distinguished from the nearby (delivery) month.
Deliverable Grades The standard grades of commodities or instruments listed in the rules of the exchanges that must be met when delivering cash commodities against futures contracts. Grades are often accompanied by a schedule of discounts and premiums allowable for delivery of commodities of lesser or greater quality than the standard called for by the exchange.
Good till Canceled (GTC) An order worked by a broker until it can be filled or until canceled
Last trading day  The final day when trading may occur in a given futures or options contract month
Leverage Leverage refers to the ability to control large dollar amounts of a commodity with a comparatively small amount of capital.
Maintenance Margin A maintenance margin is the minimum value that you must keep in your account in order to continue to hold a position. The Maintenance Margin is typically less than the Initial Margin, and also differs by contract.
Margin Call A demand from a clearinghouse to a clearing member, or from a brokerage firm to a customer, to bring margin deposits up to a minimum level required to support the positions held.
Mark-To-Market (Marked-To-Market) A daily accounting entry that is the bedrock of regulated futures bookkeeping. It’s the end-of-day adjustment made to trading accounts to reflect profits and losses on existing positions. 
Pit The Pit refers to a specially constructed arena on a trading floor of some exchanges where trading in a futures contract is conducted.
Position A position refers to a market commitment. Usually a buyer of an initial futures contract is said to have a long position and a seller of an initial futures contract is said to have a short position.
Settlement Price This refers to the last price paid for a commodity on any trading day.
Spreading Spreading refers to the simultaneous buying and selling of two related markets with the expectation that a profit will be made when the position is offset. 
Spread  A spread refers to the price difference between two related markets or commodities.
Stop Order A stop order is commonly referred to as a stop loss order. It’s an order to buy or sell when the market reaches a specified point. A stop order to buy becomes a market order when the futures contract trades at or above the stop price.
Scalp Scalp refers to trading for small gains. Scalping normally involves establishing and liquidating a position quickly, usually within the same day, hour or even just a few minutes.
Open Order  An order to a broker that is good until it is canceled or executed.Other wise known as GTC.
Open Outcry A method of public auctioning for making verbal offers in trading pits.
Price Discovery Price discovery basically refers to information about future markets.It has been claimed that future markets is where original price discovery began. 
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