Cryptic Investment Review – Lack Of Transparency Is The Key
Cryptic Investment is a crypto exchange allegedly operating since 2005 from the UK. Yet, Bitcoin was launched in 2009.
In any case, there are many signs why not to trust this firm. Primarily because they don’t share any ownership details whatsoever. Neither does the company reveal legal documents or any relevant legal information. Ultimately, that can cause huge damage to your finances and this honest Cryptic Investment review can keep you safe from that.
|Regulated by:||No regulations|
|Is This Company Safe?||No|
|Have Warnings from:||N/A|
|Registered in:||UK (allegedly0029|
|Deposit Bonus:||Available up to 50%|
|Free Demo Account:||No|
|How to Withdraw from This Company?||Anonymous crypto transactions with shady exchange is a recipe for disaster. If you experience any withdrawal issues, our refund team is available for consultation.|
Legal info: Is Cryptic Investment legit?
This investment firm is anything else but legit. In the first place, they are not listed in any register in the UK. Yet, they claim to be based in Liverpool. It’s also important to mention that they don’t have any Tier 1 DASP/VASP licenses, primarily from institutions like FCA, ASIC, or BaFin.
Consequently, with a lack of authorization to provide digital services, you can expect a lot of trouble. Mainly during withdrawal procedures.
Who are Cryptic Investment clients?
According to the company, they have been in the business for a long time. However, who.is research shows their domain was registered in February 2023. Too big a gap for such a non-transparent firm. For the time being, they were mainly targeting a few countries. Those are:
- United States
- United Kingdom
If you are also one of their victims, let us know. Ultimately, our refund specialists can advise you about withdrawals. Whether you are a victim of Cryptic Investment or Jbcoin-Ex, or any other shady brokerage, we’re here to assist.
Leverage, Commissions, Spreads, Fees and Taxes
Important to realize is that this firm doesn’t reveal any trading fees. Generally, you should have transparent taker/maker fees, withdrawal fees, and many other costs. But if you don’t know it, what can stop them from making it up?
That’s one of the biggest disadvantages of unregulated firms. Overall, fees are the easiest way to manipulate traders to deposit more and more money. Luckily, our BiToDeFi review can help you learn all their tricks and avoid similar traps.
Another suspicious thing about this firm is their 50% welcome bonus. Very rarely can be seen with crypto exchanges to offer any bonuses. But if they do, it usually comes with a shady policy. Since the Cryptic Investment firm is not sharing any legal documents, prepare your nerves.
Cryptic Investment Trading Features
One of the first flaws with this company is that they don’t offer many assets. In fact, only 12 cryptocurrencies are available. On top of that, the trading platform presents another danger. All in all, not too many things you can recognize as positive.
As the main activity, the company offers crypto mining. But that’s not something you should do with unregulated firms. Especially if they claim you can’t lose money!
Trading Platforms Available
Generally speaking, the best way to stash your crypto is on the external wallet. Besides, you can use highly protected mobile apps. But this investment firm doesn’t offer any of those.
Instead, you’ll be using a web-based platform with limited functionalities. But the real danger comes with the option to manipulate market data. So, if you see any irregularities, make sure to check it out before investing further.
Available Trading Assets
As mentioned, the company has quite poor instruments offered. Only 12 cryptos are available from dozens of popular ones. Not to mention that you can have way more options with regulated firms. Most importantly, safe ones. In any case, you can trade:
- Bitcoin Cash
- USDT + 8 more
Since the company doesn’t reveal any trading conditions, there’s no need for benefits to traders. Everyone gets the same fraudulent fees. On the contrary, with regulated exchanges, account types are a great way to motivate investors to trade more.
Mobile Trading App
A lack of mobile apps is one of the major warning signs. Without a dedicated app, you’ll have to bother accessing your account through the browser. This is especially annoying for traders. After all, you want to execute your orders quickly and gain profits. Not to lose money and time.
Besides a low minimum deposit requirement of $100, there is nothing else positive about the firm. They don’t offer any risk-free trading account, such as a micro or a demo account. Either you are risking it all from the beginning, or you don’t start at all.
Another key fact is that the firm is not offering any educational packages. But the biggest perk in crypto trading is to understand mining and main cryptocurrencies. Yet, Cryptic Investment just briefly explains about BTC and LTC. Thus, it’s not something you can rely on while making investment decisions.
Cryptic Investment Withdrawal
Apparently, the company is processing withdrawals immediately. On top of that, they should reflect on your crypto wallet after 3-6 confirmations on the blockchain. However, with non-transparent fees and withdrawal policy, you can expect various obstacles, starting with non-existent fees, taxes, verification problems, and many more.
To avoid these uncomfortable situations you should always trade with licensed firms.
One rarely positive thing about this firm is the customer support options. Besides e-mail, you can choose a phone line, WhatsApp, and live chat. Yet, the working hours are not specified.
Sadly without any user-experience reviews, it’s hard to judge if their support is reliable or not. But considering all the facts given so far, you can expect issues there as well. Especially if you are looking for a withdrawal.
Key Information To Consider About Cryptic Investment
This investment firm is absolutely anonymous. Without any legal documents and adequate licenses, none of their features can be trusted. On top of that, they are dealing with crypto. Which are also anonymous and virtually irreversible transactions.
Moreover, the company doesn’t offer trusted and reliable apps. Neither do they reveal what are the trading conditions. All in all, too many irregularities that can occur. Therefore, if you experience any problems, let us know. Our refund specialists are available for consultation and the first one is completely free. Book yours and find a way to get your money back today!
What is Cryptic Investment?
Cryptic Investment is a shady crypto investment firm operating allegedly from the UK.
What can I invest in with Cryptic Investment?
The company offers investments in 12 cryptocurrencies. Yet, without precise conditions. Therefore, for any problems, reach out to our refund experts for advice.
Can I get a refund from Cryptic Investment if I need it?
Definitely. Even though you might need our CIpherTrace technology to track cryptos. But yes, a refund is a solution. Get in touch now and find out more.