What is the Crypto Trade System? According to its reference site, the Crypto Trade System is an informal banking system. Translated in a simple way, it means a banking business with its own rules.
In practice, it is an ambiguous and decidedly non-transparent service. We are at the level of Bitcoin Code, which we have talked about in another article.
We cannot say whether it is illegal or not because we do not have the authority to do so. However, we do not believe that it is advisable to buy services from such sites, i.e. those that promise systems for earning money from cryptocurrencies.
What matters to them is your deposit. Once you have the money, there is no guarantee that the system will actually work. On the web, the judgment seems clear: the Crypto Trade System does not work. Although we have not tried it, we cannot say with certainty but we will not do it because it uses unconvincing methods.
On the other hand, no one has a crystal ball, right? When you promise big profits in a short time, somewhere it even says small that you don’t take the risk if something goes wrong.
You should never believe those who offer you safe results in a short time. Instead, you should rely on secure and legal platforms such as eToro, because they are authorized and regulated. Not only is it not a scam, but it is also well known.
We have also published a free eToro online tutorial, that explains to you also how to test it with a free demo account.
What is the Crypto Trade System?
As we have seen, the Crypto Trade System defines itself as an informal banking system. In this regard, it should be noted that banking activity is a serious thing.
To do this, we need avalanches of authorizations because those who open an account and deposit money must have a series of guarantees that cannot be overlooked.
For this very reason, i.e. for the many necessary authorizations that are not visible on the site, they cannot be certified.
How does the Crypto Trade System work?
But how does the Crypto Trade System work specifically? It offers trading optimization via a trading bot. In practice, a “robot” who autonomously decides what is best to do for cryptocurrency and bitcoin trading operations.
The inventor of this bot says that the robot will automatically buy “low” and then “sell high”. In practice, having a budget available will decide independently when to buy and when to resell in order to make you get a profit.
In short, it’s the usual system like “how to earn a lot of money quickly and easily“.
Too bad that the system, according to opinions on the web, cannot effectively keep its promises.
Legal Alternatives to the Crypto Trade System
The great thing is that on the web you can find many sites where you can really earn money, betting everything on your forecasting skills. These sites are those of legal and regulated brokers like the ones we listed on the online trading platforms page.
A well-known example is 24option. Take a look at its official website without any commitment.
The platforms work like this: if you are clear about the direction of the market that will take the bitcoin or another cryptocurrency, you will not have to do anything but trade upwards or downwards as expected.
So, in short:
- If you think that the bitcoin or another cryptocurrency will rise in value, you can open an upward trading position.
- If you predict that the bitcoin will fall in value, you can open a downward trading position.
All of this can be clear legally! In addition, with the eToro trading platform, you can also set up automatic trading orders, to set a maximum loss limit as well as a profit target.
For example, you can set a “take profit” to tell the platform to automatically close a position once a certain profit is reached.
If the crypto does not convince you, you can do the same with many other tools including stocks, commodities, foreign exchange, and stock market indices.