Overview of Autocryptoin: myth or reality?
Lately, cryptocurrencies and investments have become the subject of increased attention. Autocryptoin has decided to combine these two themes, offering unique opportunities for investors. But is it worth trusting this platform and what are its real intentions? Let’s figure it out in this review.
What hides behind Autocryptoin?
The organizers of Autocryptoin describe their project as an investment fund, but in reality, it has nothing to do with such establishments. The company’s website is something strange, with colorful blocks of information, broken translation, and a lack of structure. Searching for meaningful information on Autocryptoin turns out to be futile.
The “About Us” section contains nonsense instead of substantive information. The contact information is also misleading: the stated address belongs to Minterest in Singapore, and Autocryptoin has no phone numbers or social media accounts. The license claiming registration is fake, and the name Autocryptoin Limited has never been registered in Singapore.
In short, Autocryptoin does the following: it takes investors’ money, hands it over to experts for trading, and promises profit as soon as in an hour! The declared profitability reaches 450% per month, risks are less than 1%, daily payouts… The organizers of Autocryptoin try to convince potential clients of their scam with such absurd claims.
Checking the domain revealed that it was registered about a month ago by an anonymous individual.
The website itself is not optimized for search engines, has no ranking, and information about it is hard to find. There are no reviews about the platform either in the Russian internet or abroad. These facts indicate that Autocryptoin is most likely an attempt at fraud.
Regulation of Autocryptoin’s activities
Obviously, Autocryptoin does not have licenses. Firstly, because Autocryptoin does not exist. Secondly, the cryptocurrency market is not regulated, and obtaining licenses is technically impossible.
The Central Bank of the Russian Federation does not control the activities of crypto brokers, crypto exchanges, and companies investing in digital assets. The official website of the Central Bank has repeatedly issued warnings that cryptocurrencies are often used in illegal activities. The bank’s management strongly recommends avoiding investments in digital assets not to lose one’s savings.
Investing conditions in Autocryptoin
According to the creators’ idea, clients should trust them and their investment scheme. It involves clients transferring money to their crypto wallet, where professional experts invest it and ensure profit. The size of the initial deposit depends on the chosen account, of which there are only four:
- “Starter”. Initial deposit amount — from $100 to $4999, payments are made daily for 10 days,
- “Super”. Deposit — from $5000 to $19,000, daily payment term — 15 days,
- “Ultimate”. Initial deposit — from $20,000 to $49,000, payments are made over 20 days,
- “Professional”. Initial deposit — $50,000 and above, payments are made daily for a month.
These promises have no confirmation, and there are no official documents defining the investment conditions.
Reviews about Autocryptoin
No client has left a review about Autocryptoin on public platforms. We sincerely hope it stays that way because in 2022, it’s no longer acceptable to fall for such schemes.
Cryptocurrency scams worldwide
The interface of an investment fund’s website suggests a primitive scam. Most likely, it is an attempt at fraud reminiscent of the 90s, but this time using bitcoins and trading experts instead of MMM and Mavrodi. Scammers are trying to make a quick buck, counting on the lack of regulation and control in the cryptocurrency market.
Transactions to cryptocurrency wallets are irreversible and anonymous, which aids fraudulent activities. Such platforms are often used to steal personal data, which can be used to restrict access to a client’s assets.
Expert opinion on Autocryptoin
The Autocryptoin investment fund seems to be an outright attempt to deceive people. This project is executed so poorly that trusting information on its website is not advisable. The check showed that Autocryptoin is a non-existent organization, and the license is fake. The absence of reviews about Autocryptoin is justified as it has only existed for a month. It’s not worth wasting your time and money on Autocryptoin — it’s a blatant scam.
