Do You Want to Know If Cryptonite Is Legitimate or a Scam?
Cryptonite is an example of something we often see when investigating scam brokers. In this case, they are adapting a name that sounds similar to a legitimate service. In this case, Cryptonite seems to be encouraging people to think of cryptonight, which is an algorithm used for cryptocurrency mining. Because it is a regularly used term among crypto-enthusiasts, using a similar-sounding name gives fake credibility. However, Kryptonite is different from Cryptonight.
There Are Some Problems with Cryptonite?
Cryptonite is an unregulated and untrusty broker that offers no licensing information and very little data about itself or details about who runs it. For added irony, the name sounds like the toxin that was Superman’s major nemesis. So in a real sense, the name says it all–avoid it. Instead, open an account with a regulated broker that has a track record of success. Stay away from unlicensed imposters.
Red Flags that Cryptonite Could Be a Scam
- No license
- No transparency
- Unsupported claims
- Bad reviews
If You Need Fund Recovery from Cryptonite,Talk to Us
We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with Cryptonite close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.