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How safe is Cryptokartal 2019 to invest in.

The Forex market has many suspicious brokers operating somewhere far away in the islands. Some of them can be considered trustworthy, while others cannot. Crypto kartal (or Crypto Kartal) is a forex broker registered in St. Vincent and the Grenadines with great ambiguity regarding its trading conditions. It offers a web-based trading platform and requires a minimum deposit, which is about average for the industry.

Crypto kartals regulation and the safety of money. 

The website says that the companies behind the broker were registered under the name Elmond Enterprise LTD in St. Vincent and the Grenadines, and filed under the name Fukazawa Partnership in Estonia. Beyond that, we find no mention of a regulatory status, which should not surprise us given the broker's location. The government of SVG does not include Forex trading in its regulatory framework, and we can safely conclude that Crypto kartal is not subject to any regulatory oversight.

Estonia is a member state of the EU and regulates Forex trading. However, after inspecting the online register, we can safely conclude that Crypto kartal is not regulated in Estonia either. Moreover, after testing the broker's "trading platform", one can accurately say that there is no CFD trading at all. The scam here is probably only for the first deposit.

This is very typical for scammers, and you can see it often when checking offshore brokers. Everything that has been elaborated above suggests that potential clients of the broker are exposed to a significant risk.

We urge traders to eliminate such risk when trading by working only with brokers that are regulated by reputable regulators, such as the FCA and CySec. These require compliance with several strict rules that significantly ensure the safety of client funds.

Account segregation is among the rules that are particularly important in the trading world, because they drastically reduce the risk of possible commingling. 

Another reason is participation in a compensation scheme, which covers the client's losses in the unlikely event that the broker goes bankrupt or tries to defraud traders.

Under this link: bitcoin transaktion wird nicht bestätigt you can read all information with your browser.

Crypto kartal deposit / withdrawal methods and fees.

Potential clients of the broker have a wide range of payment methods at their disposal. They can deposit or withdraw via Visa and MasterCard, wire transfer, Bitcoin, OK Pay, Flexepin. 

Crypto kartal openly states that no withdrawal fees are charged. However, there is one caveat: it states that there may be circumstances where fees apply.

However, not all brokers are as open with their withdrawal terms as Crypto kartal is. Without proper information on the website, one cannot be sure if he will not be charged unexpected withdrawal or deposit fees after investing.  Subsequently, you can also try withdrawing a small amount to find out unexpected fees or delays. Such fees and delays are usually signs of a scammer.

How does the scam work?

Information is a pretty solid criterion for judging the legitimacy of a broker. Fraudsters would not share much of their information as that is exactly where inconsistencies and irregularities can occur, exposing the entire setup. A good example is this broker and the lack of crucial information about the company behind it. 

After learning about the broker's trading conditions, traders should be aware of the scam:

When you click on an ad that contains promises of fast money, you will be redirected to a website like Bitcoin Evolution or Crypto Revolt. When you register, you have to provide your address, email address and phone number. After you share your personal information, you will receive calls from brokers forcing you to invest with them and earn big profits. After a few minutes of hearing the pitches, you decide to deposit 200-250 USD. And just like that - the scammers get a fat commission from this initial deposit.

After they are done with you, older scammers start trying to get you to invest even more money. As if, it is the only way to profit from trading even more. After you make the mistake of investing even more, you will want to start walking away from it and withdraw what you have left.

Unfortunately, the scammers don't want you to. They will now convince you to wait it out and not withdraw now. The motive behind this is quite simple: merchants have a limited window of time to submit a chargeback to their bank and get their money back. The "recovery department" simply wants to tempt you to miss this crucial time and lose any chance that you will get the money back.

What can you do? 

As mentioned above, fraud is widespread in the trading world, and unfortunately, you may suffer from it as well. In such unfortunate case, you may still have some options available to you.

You can contact your bank or credit card provider and file a chargeback. Moreover, due to the high incidence of fraud, Visa and MasterCard have decided to avoid forex fraudsters as much as possible. The first thing seen so far is that MasterCard has extended the previous deadline of six months for filing a credit card chargeback to one and a half years.

However, if you have given the broker your credit card information, cancel your credit card immediately. 

If you have provided information on your online banking passport, change it immediately! 

Beware of possible calls from self-described "recovery agencies"! They prey on defrauded and vulnerable merchants who are desperate to recoup their losses. They require an upfront payment to help you, but after you pay them, no such help will come your way!

To ensure the safety of your money, we recommend checking the broker first. Before investing in 2019, use the internet, read the reviews and then start with the smallest amount of money possible.

Check out the Gekkoin among the cryptocurrency brokers we can recommend. If you want to invest, we recommend the instruments that have already proven themselves on the market. In this context, one particular project stands out: what if you combine low-risk deposits with high returns achieved through cryptocurrency investments? Meet Gekkoin - a service for investors that makes crypto assets available and guarantees the protection of your investment. Curious about how it's possible? Here are the details.

Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Monero (XMR), IOTA (MIOTA) - cryptocurrencies are ubiquitous in the media. Spectacular success stories and profits running into the millions if not billions have been reported - but is it advisable to invest in the virtual money and are digital currencies a new financial instrument?

What is a cryptocurrency?

Cryptocurrency is the umbrella term for virtual currencies that can act as a digital means of payment.

No banks are required for the payment transactions. Financial institutions are replaced by a decentralized network whose participants manage transactions and generate new units of the currency. This is made possible by the blockchain technology that underlies every cryptocurrency. A blockchain "composed of "block" and "chain" is often referred to as a "collective accounting system." In blocks of data, it contains encrypted information about any transactions made with a particular cryptocurrency. It acts as a database whose blocks are not located on a central server, but on the computers of the multitude of participants it manages.

Anyone can become a participant of this decentralized network and provide computing power to continue the chain of data. This is rewarded by receiving currency units (coin" or "token) of the corresponding cryptocurrency. This process is called "mining".

Once a transaction is recorded in the blockchain, it cannot be changed by any participant. This secures it and individual currency units cannot be used more than once. For this reason, there is no longer any need for established institutions, which have always been interposed in monetary transactions up to now.

Why do cryptocurrencies exist?

The goal of the first cryptocurrency Bitcoin was simply to create a payment system that works without financial institutions to allow consumers a certain degree of informational self-determination and anonymity. As a result, Bitcoin has been used in recent years as a means of payment for illegal transactions, among other things. While this circumstance diminished the social acceptance of cryptocurrencies, the underlying technology has nevertheless since been expanded and improved. Cryptocurrencies can now be used for much more than monetary transactions, providing a secure, fast and cost-effective alternative for the transfer of sensitive data.

In one pilot project, for example, the United Nations World Food Program is using Ethereum to distribute resources to refugees. The organization issues food coupons via the blockchain and affected people can pay in refugee camps via iris scan. This way, the financial resources reach those in need directly and corruption is no longer a problem for the organization.

Facebook also wants to introduce its own digital currency, Libra, to enable global payments via Facebook, WhatsApp and Instagram. The link to a basket of currencies is intended to protect Libra from fluctuations in value. Central banks have so far been skeptical about the social media giant's plans.

What cryptocurrencies are there?

In 2009, the first and probably still the best-known cryptocurrency was created: Bitcoin (BTC). In terms of market capitalization, the crypto-first cryptocurrency still accounts for the largest share of the virtual currency market. Ethereum (ETH) and Binance Coin (BNB) follow as the second and third largest cryptocurrencies.

In total, however, there are now around 5,000 different cryptocurrencies worldwide and it feels like the number of virtual currencies is growing every day. But why are there so many different currencies in the first place?

Improved technology

First of all, the technology has been improved and developed since Bitcoin appeared. This paved the way for currency alternatives that offer many advantages over Bitcoin and have their own focuses.

For example, Litecoin is faster than Bitcoin, Ethereum can be used not only to carry out currency transactions but also to conclude contracts, so-called "smart contracts", and Ripple is to be used by banks to speed up regular transfers.

How does a cryptocurrency work as a means of payment?

Using Bitcoin, Ethereum & Co. to buy coffee and toast in the supermarket? This type of payment has not yet become widely accepted, but it is possible in principle. Using cryptocurrencies as a regular payment system is still quite problematic, as there are no fixed exchange rates and the rates fluctuate greatly. In this respect, it is often risky for retailers to accept cryptocurrencies, for example. Nevertheless, more and more online stores are offering to settle open invoice amounts with cashless digital currencies. The Coinmap page lists all stores that accept cryptocurrencies.

So far, however, the virtual currencies have mainly been stored in so-called "wallets", digital purses, and secured with private keys in the form of numeric codes.

No investor protection

The fact that cryptocurrencies are inherently beyond any regulation by states consequently means that there is no investor protection whatsoever. Be aware that no one will tell you about the risks of your trading and inform yourself in detail.

High volatility

In principle, the value of a cryptocurrency is based on trust and acceptance. However, unlike established currencies such as the euro, the dollar and the like, which are monitored and backed by central banks and states, behind a cryptocurrency is merely a technical system in which anyone can participate and for which the stability of the currency plays no role.

Between January and April 2018, all cryptocurrencies together lost about seventy percent of their market capitalization. Increasing regulatory attempts by various countries, such as South Korea, unsettled investors and made them withdraw billions from the heated crypto market. As a result, the prices of individual currencies collapsed as quickly as they had risen.

Cryptocurrencies are extremely volatile and prices can change with radical speed. So, if you really want to trade cryptocurrency, you need to invest not only capital, but also a lot of time and attention in your investment. If you can keep a cool head with daily price fluctuations in the double digits, an investment in cryptocurrencies may be an interesting speculative addition to the other investments in your portfolio.

Price Manipulation

Individuals who own a large stake in a currency could use it to manipulate prices to their advantage. In the case of cryptocurrencies, there are no laws that prohibit this, nor are there any control bodies that prevent such practices.

Exchanging cryptocurrencies for fiat money

Cryptocurrencies cannot be easily exchanged for euros or dollars because there are no stable exchange rates. In most cases, it is necessary to first exchange them into one of the larger cryptocurrencies, such as Bitcoin, and then sell them for euros. Especially with young currencies from one of the numerous new issues, this can become a problem.

Sometimes transactions take quite a long time because the blockchain is overloaded. In the time you are waiting for the transfer, the rates can fall due to the high volatility and you lose money.

On top of that, you have no choice but to rely on the exchange rates provided by the traders. These are not subject to any controls either.

Crime and theft

Since cryptocurrencies ensure anonymity, it is not necessarily possible to track who owns them. This makes them perfect prey for cyberattacks. In January 2017, arguably the biggest heist to date took place: Hackers relieved the Japanese crypto exchange Coincheck, or rather its customers, of 500 million NEM, the equivalent of about €500 million at the time.

Software error

The oldest blockchain has been around since 2009 and has been working away ever since. So far, there have been two glitches that affected the Bitcoin based on it. It is not yet possible to predict whether this could repeat itself in the future or even whether far-reaching errors could occur.

The Immediate Edge app is causing heated discussions in the crypto scene. Many a user speaks of obvious fraud. And the advertisement with Red Bull boss Dietrich Mateschitz is also said to be fake. But how serious is this provider really?

Immediate Edge - what is that?

Immediate Edge logoThe name of the Immediate Edge app does not allow too many conclusions to be drawn about the broker and his working methods. It is said that the operator of this website has developed a programme with which the chances of winning are 100 percent. He wants to share his positive experiences with Immediate Edge with the visitors of the site.

The experience with Immediate Edge

Users who want to find out whether Immediate Edge is a serious offer or not will find countless pages in their search for the app on which the app has allegedly been tested and which report about it. However, it is not possible to find out where these sites come from and what their purpose is. Therefore, these sites should not be consulted if you want to take a closer look at the offer.

How reputable is Immediate Edge?

Since there are risks involved in car trading, investors who want to test Immediate Edge should not risk more than 250 Euros to start with.

However, it is not possible to determine straight away whether Immediate Edge is a scam or a serious offer. In order to check the seriousness of the offer, various clues must be followed up. For example, the Immediate Edge app advertises that no suspicious incidents have been detected by the various anti-virus programmes on the site. As long as the app does not want to have access to the data of a computer or a network, this is absolutely clear. The Immediate Edge operators obviously only point this out because they want to inspire confidence among site visitors so that they are encouraged to register.

How does Immediate Edge work?

At Immediate Edge, investors can either trade independently or let the trade run via a so-called crypto robot. This robot is a programme that has a special algorithm. Thanks to this mathematical formula, the programme is able to detect even the smallest price fluctuations. In addition, it can execute several trades per minute.

However, using the robot does not guarantee a profit. Even when trading via the Crypto Robot, investors still have to make a few adjustments. For example, they have to select the desired asset, how high the deposit is and at what maximum loss or profit they want to get out. Only when the investors have made these settings does the robot begin its work.

The conclusion on Immediate Edge

In any case, investors should only deposit small amounts of money on Immediate Edge. It is true that the test shows that operators make some claims that are simply false. However, this alone does not point to fraud, but merely to aggressive marketing that is common in the industry. Investors should be aware of the risks they take when trading anyway. After all, there is simply no guarantee of profit when trading on stock exchanges. This is even more true when trading with CFDs. Investors who are only looking for a simple CFD broker can try their luck at Immediate Edge.