Quick Summary of Crypto Edge System
Rating: 1 A Binary Options scam dressed up in cryptocurrency clothing
The Good: You get a free ebook that looks like a decent if dated cryptocurrency primer
The Bad: The earnings claims are highly exaggerated, the people behind this system are hidden, it's using Binary Options trading (already risky) to trade highly fluctuating currency, and it's all a ruse to get you to hand over a few hundred dollars to an overseas broker.
The Bottom Line: This method of trading is high risk and usually ends up with costing you money rather than making it, and is not the way to build a sustainable online business. If you're looking for a legitimate way to make money online check out my preferred method.
Crypto Edge System Review
Cryptocurrencies are all the rage currently which means there is an uptick in the number of people trying to scam honest folk like you.
Today I came across what looks like yet another system peddling hopes and dreams but little else, and I want to let you know about it so you don’t fall for it.
Crypto Edge System
The website for the Crypto Edge System is very slick and professional looking. When I first saw it I actually thought I’d stumbled onto something legitimate, but it didn’t take long for me to spot the cracks in the veneer.
The main part of the sales pitch and this too is polished.
It starts off with a snippet from a Bloomberg new report and throughout the video it shows clips of TV interviews and screenshots.
These have nothing to do with the product in question but are used to add a sense of legitimacy to the sales pitch. I doubt they had anyone’s permission to use those news clips though.
The video has a lot of noise about the amount of money being made by trading in cryptocurrencies and how everyday people are making serious money just like those Wall Street guys make.
These statements aren’t backed up anywhere though, the closest you get is that there is advanced software that was “developed by investors”. Quite how or why investors would develop software is beyond me, investors invest not develop.
The video continues to try and win your trust by showcasing multiple videos from so called customers but these people are clearly paid actors from sites such Fiverr.com, and there is no proof that they ever made a dime with this system or even used it!
The video is also quite out of date, though I suppose that’s only fair as cryptocurrencies fluctuate wildly.
The only thing in the sales video that seems genuine is the fact that it offers you a free download. By handing over your email and going to the next step you do indeed get a free ebook about cryptocurrencies. It seems to be a primer on cryptocurrencies and fairly detailed.
You do get a free ebook, that’s something I suppose.
This is an unusual move from this sort of site and this plus the slickness of the website suggests scammers are upping their game.
Is Crypto Edge System a Scam?
I believe it is yes, as there are definitely a bunch of red flags that come up when you investigate the site.
I’ve already mentioned the tricks they used in the video and the dubious nature of the testimonials but there are other things.
An Unknown Business
Any business out there has to be found and businesses involved in financial trading need to be regulated. It’s a shame then that the Crypto Edge System cannot be tied to any business. There’s no name, address or phone number and the domain is hidden.
Even if you accept that these people are not the actual ones who will do your trades, they put themselves forward as if that was the case so they should provide information. Hiding their details is highly suspicious.
The sales pitch says getting guaranteed profits is as easy as clicking a button, but guess what? Their own terms state that you have no guarantees of making money! Which is it then? Well, I’d suggest that the terms are right and it’s unlikely you’ll make any money by using this so called system.
Let me be blunt: automated trading software does not work! As well as that, any system that suggests a 99.7% win rate is blatantly lying.
Add in the fact that these trades are done in a Binary Options style (short time frames of a minute or so and a 50/50 flip a coin style of trading) and cryptocurrencies are constantly shifting up and down and you may as well just guess: you’ll probably be right more often than not!
Claims like these are a common factor in scams, and should be taken with extreme caution.
You Got Mined!
When I was reviewing Crypto Edge System I noticed a dramatic slowdown in my system. Checking my logs it showed that some of the web browser pages were takin gup nearly all of my computer processer resources and over 1GB in memory.
There was only one thing this could be: a page I was on was using my compute to mine cryptocurrency!
Notice the dropoff when I closed the Crypto Edge System webpages.
And when I stopped the Crypto Edge System web page, the performance drain stopped immediately.
Now think about it. If this system really worked, why would these traders need to mine cryptocurrency off of your computer when they can use their magic software to win 99.7% of the time?
A Binary Options Broker
As mentioned the trading system that this site promotes is based off of Binary Options, the broker is even called BinaryOnline.
The way Binary Options works is so high risk the FTC even has a section devoted to warning people about it.
On I’ve Tried That we’ve said for years that the people who promote Binary Options are for the most part scammers. These people are now promoting cryptocurrencies in the same way: same scam, different face.
The Bottom Line
Forget the free ebook, its meaningless when the sole purpose of the site is to get you to sign up to a trading broker under false pretences. There is no magic software that will win you trades – there wasn’t with Binary Options, there still isn’t with cryptocurrencies.
Whoever is behind the Crypto Edge System is banking off of the hype, mystery, and gaining public interest of Bitcoin and cryptocurrencies in general. The crypto market is extremely volatile and no one know which direction it is headed.
Plus, if these guys really did have a secret system that won them nearly 100% of the trades, why would they give it away instead of making literally hundreds of millions of dollars?
And that should answer any questions you may have regarding its legitimacy.
Crypto Edge System is not a system that works; it’s merely a scam to make a buck (or $250) at your expense, avoid it!
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