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CryptoGo Review – is it scam or safe?
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Trading Accounts & Conditions
|Account type||Leverage||Minimum transaction||Standard|
|Standard||1:1||£500/$500||Approx. 30% for BTC|
CryptoGo is a UK-based cryptocurrency entry level service. Calling them an exchange will be a bit of a stretch, since they don’t provide a trading venue, but are an “exchanger”. One can send a fiat transfer to the company and receive his desired digital asset or vice versa. Read the full review, to see how we feel about their offer.
Simple service and interface – as we stated beforehand, the thing which CryptoGo offers is rather straightforward. The “platform” used to provide the service is basically an order entry box, which those who have shopped online (basically everybody) will feel very familiar with. Here is a preview:
The order entry box at CryptoGo
Credit cards and wire transfers accepted – one of the major advantages of CryptoGo, when compared to other similar services is the fact they provide both of the popular payment methods. Most other exchanges accept either one or the other.
Limited background, strange presentation – CryptoGo appears to be a new player in the space, but we can’t exactly determine since when they are operating. Oddly enough, they present themselves as a “brokerage”, which may have a different connotation to some people (especially ones like us, who deal with financial markets). It even looks as if they would offer clients advice on how and when to invest in the various coins, which sounds a bit supspicious.
Substantial makrup – the second and perhaps more important significant factor, when it comes to this company is the incredibly high mark up, The price which we saw when browsing their website as around €7,500 per Bitcoin, while the coin was traded on other exchanges around €5700-€5800. Other entry-level “exchanges” charge 2%, 3% or even go as high as 10%, but the effective rate at CryptoGo is close to 30%.
Even we were initially confused with this offer, as we thought the price is in US dollars. Had that been the case the markup would have been around 11% (which is still rather high), but this one is very high.
No wallet provided – when placing an order with this “brokerage” one has to provide his own wallet, for the coins in question. This makes the service not that attractive to total newcomers, but learning about the various wallets and ways to protect your digital assets is highly recommended.
High minimum transaction – the entry bar at CryptoGo is set at £500/$500, which is more than what some people would be willing to invest in crypto. Still, other companies like Coinbase offer access to a broad range of individuals, based on their location and financial status. Remember to only risk funds you can afford to loose.
Not an “exchange” – CryptoGo’s entire offer doesn’t present a trading venue i.e. something suitable for active, short term speculation. Luckily, there are other exchanges which provide such capabilities, including margin trading. However, the most simple imaginable way to access the volatile crypto markets, as an active trader is still CFD trading.
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CryptoGo is UK-based entry level cryptocurrency “exchange”. The service they offer may be very simple – you send cash and they send coins to your wallet. That being said, the price you will get is probably one of the worst ones we have ever seen (and we have reviewed over 200 crypto-exchanges). A markup of nearly 30%, makes using their service borderline useless.
Keep in mind, when using even the most reputable of exchanges (or “brokerages”) one always takes some form of risk in the world of digital assets. If you are only looking for the volatility, but want to minimize your counterparty risk, a forex broker may be the way to go. That being said, a lot of them aren’t very trustworthy and we would recommend looking at the tightly regulated ones.
FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.
US Traders not Allowed
A fairly recent launch in the public domain, CryptoGo has been built on the premise of trading Fiat money for cryptocurrencies. With the rising number of cryptocurrency trade platforms in the market, CryptoGo.com was made to bring something new to the table.
CryptoGo is a significant improvement over present crypto trading platforms. It adds a number of interesting aspects to crypto trading which are currently unique to it.
The purpose of this CryptoGo review is to highlight the most important aspects of the exchange. It also attempts to throw a deep and revealing light on the functioning of the platform. By doing so, this review aims to equip you with the knowledge necessary to make your own informed decision.
ABOUT THE COMPANY
CryptoGo is headquartered in London but is also functional in the United States. It is the result of the immaculate toil and labour of many experienced brokers, analysts, and traders. Their cumulative knowledge of blockchain technologies and crypto coins has contributed immensely to make this a platform for everyman.
CryptoGo.com is the brainchild of a highly committed design team and scores of industry professionals.
CryptoGo is ideal for anyone who finds dealing with other platforms like Bittrex, Coinbase, Poloniex etc. hard. You can also visit their personal telegram channel of CryptoGo here.
IS IT SAFE?
When someone makes a purchase of a cryptocurrency on CryptoGo, the purchase is not automatically stored. Rather the user is given a choice between selecting the most secure wallets out there. In this regard, CryptoGo agents come in very handy in identifying the right wallet for each user. Normally, they would suggest one that offers the 2-factor authentication feature.
A cryptocurrency purchase is an investment decision and naturally carries some amount of risk with it. That is why it would be wise to consider all options carefully before investing.
WHICH TRANSACTION METHODS ARE OFFERED BY CRYPTOGO AND AT WHAT PRICE
For the convenience of users, CryptoGo offers multiple transaction facilities. The user can opt for bank transfer or through debit or credit card or other online payment methods like Paypal, Neteller etc.
WHAT CRYPTOCURRENCY INVESTMENT OPTIONS ARE CURRENTLY AVAILABLE AT CRYPTOGO
CryptoGo has arguably the most massive index of cryptocurrencies on offer until date. You can look through the list here https://cryptogo.com/coins.
For initial users, CryptoGo has already listed the most popular cryptocurrencies online. However, CryptoGo is not limited to merely those coins. Rather, you can use almost any coin to purchase any other coin on CryptoGo. Nevertheless, you may find an exception in the case:
WHAT ARE THE DEPOSIT LIMITS?
CryptoGo does not impose any deposit limits. People are free to choose as and when and how much they want to deposit with the exchange.
The problem with major cryptocurrency exchange is that they often have a lower and upper limit on how much you are allowed to deposit. Obviously, this restricts both experts and novices alike and people go looking for alternatives.
By getting rid of these restrictions altogether, CryptoGo embraces and fosters the ambition of every new CryptoGo user. You will be afforded the ability to make use of CryptoGo and the services offered on it as per your discretion. This marks a first in the era of cryptocurrency exchanges. Finally, the market is becoming more consumer-centric and is not being dominated by exchanges.
Since CryptoGo has been deployed recently, it is full of the latest features that will make your investment safe and trade a breeze. Using cryptographically-secure mechanisms designed to not store any assets on the exchange, CryptoGo’s safety mechanism ensures a high degree of security. So in the event of a hack, your money will still be secure. If you don’t own a wallet, all you need to do is contact the customer care executives. They will help you navigate the account creation process for storing your assets in a new wallet.
With scams abound in the crypto market, wondering about the legitimacy of any new exchange is a matter of course. However, with regards to CryptoGo, everything seems to be as per the law. We have examined all their claims and can comfortably certify them a legal exchange. As they work with fiat as well as digital currencies, they have a particularly robust licensure requirement that must be met every time. So far, all of CryptoGo’s claims have been proven correct.
However, as is the case with all things, convenience comes at a slight price. So CryptoGo charge slightly more for your average transaction as compared to other exchanges. Nevertheless, for the level of security and degree of convenience it provides, we believe that the quoted fee is more than justified.
HOW TO SIGN UP FOR CRYPTOGO
Becoming a member of the CryptoGo community is easier than you might think. All you need to do is to provide your name and contact number.
After this, you will be shown a purchases page. Here, you will be able to determine your total purchase amount as well the payment method.
The system works very quickly and all queries will be handled by an account manager dedicated to your account.
On the basis of your selected payment method, you are going to be shown either a card payment page, which will look like this:
or a wire transfer payment page, which will look like this:
After the payment is made you will be taken to a confirmation page and you will receive an email receipt of your order. You will also receive the accorded amount of coins in your wallet address.
Once both transactions are completed you will need to undergo a verification process. Simply transfer an ID and proof of address to your account manager.
Remember that your documents must be consistent for at least 3 months.
In the world of crypto trading, CryptoGo has its own unique identity. It gives users a number of benefits which we will look at in the following segments:
FINAL WORDS ON CRYPTOGO
It has become a common thing now for new ICOs to come up each week. You can bet that as the weeks turn to months, these numbers are only going to increase. However, it can be quite difficult to find an exchange coin which is fresh off the ICO and just hit the exchange. This can be of immense advantage to investors who want to gain an advantage before the prices soar.
So, this is a very good exchange to be a part of if you want to diversify your cryptocurrency investment portfolio. Another great thing about them is that they are available in the US as well.
All you need to do to get started with CryptoGo is download a digital wallet, link your bank accounts and transfer the requisite monetary amount. Everything else will be handled by the exchange. So, all in all, CryptoGo does offer some very nice features that cannot be found anywhere else.
If you wonder about the added expense, then you must consider the facilities being offered. Then you will see that the increased price is a small trade-off. It is our belief that you will profit greatly
CryptoGo: Cryptocurrency Exchange & Investment Company?
CryptoGo is a newly developed platform that was launched for trading various cryptocurrencies by way of Fiat. With so many new ICOs and startups, it’s easy to pay less attention to them and let quality ones slip through the cracks, but CryptoGo is a platform that should definitely not be allowed to just slide on by. The platform has a lot of different enhanced features not see on other cryptocurrencies.
CryptoGo started their operations very recently, so it’s not exactly an exchange. The platform operates as more of a medium of sorts, but it’s still ideal for people who find most of the exchanges in the industry hard to setup, navigate and manage.
It basically operates as a system that functions between the exchanges and the user. And that is why they offer a massive number of cryptocurrencies to purchase on it. You can also deposit money in several ways, like with a deposit directly from your bank or from regular fiat money, debit card, etc. The platform even accepts payments from PayPal and Neteller as well. The company is based out of London by the Investoo Group. And they are veterans when it comes to trading, investing and broking, as well as analytics.
Not only that, but they are extremely passionate about blockchain technology and crypto, which is as of now are their two primary focuses. They are absolute experts in the space and have great insights for anything related to cryptocurrency or blockchain.
How Does CryptoGo Work?
The platform is unique as in it has a massive number of advantages when compared to other exchanges. And these benefits are what sets CryptoGo aside from the other competition. For one, they accept all forms of currency, including fiat money of every type, so no matter where you are on the globe, you’ll always be able to contact them and make a purchase. Some of the more popular fiats are the; USD, GBP, EUR, INR, AUD, RUB, and CAD – of course, these are just the larger currencies I’ve decided to list.
Another aspect that is attractive, the company can be accessed from anywhere in the world. There are no compliance issues to ever worry about. And you use their operations in every country except the USA, like normal.
The minimum trade amount is only a dollar, so you can trade one-dollar worth of any currency on the platform. And there is no limit to how big a deposit can be, meaning deposit as much as you like at any time. You can even go so far as to deposit $100,000 worth of cryptocurrency and then go straight out any buy $100K worth of cryptocurrency.
The website also has some of the bests sources for info on the different cryptocurrencies, with the aim of helping you make money. Even though they are not an exchange, they still work with them and want to see you make money on them.
One of the best parts of the company is there is a very friendly to use interface that is so easy a child could operate on it. The simplicity helps eliminate the factor of messing up a purchase because of confusion.
The web design is easy to use and understand. There are pretty much only a few screens you need tous to make all your transactions – it’s kept very straightforward and simple at its core.
CryptoGo in Conclusion
CryptoGo is a highly unique platform that is better than most actual exchanges on the market, even though its not one. And it’s the fact that it is a medium and not exchange that gives it the ability to operate a little differently. It’s mostly aimed for people new to the industry who need a platform that is easy to use and simple, while being trustworthy as well.
The platform is also ideal for investors from actual institutions because of the cap policy on deoposits and investments, first time buyers will also like this feature. You don’t need any experience when trading on CryptoGo or any weird verification processes either. More often than not, a person has to worry about losing money because of a mistake they made due to a complex system. But CryptoGo has changed that by keeping the platform easy to use.
If you’re new to industry, CryptoGo is ideal for you, because you don’t have to worry about a learning curve to get around, all you need is sign up with the company, deposit some currency and then start trading. It’s still new and has a long way to go until it’s complete, but CryptoGo is still one of the best startups we’ve seen in the cryptocurrency space in months.
Criptogoweb.com Review: Is CryptoGo Scam or Legit Mining?
The team of CryptoGo is focused on analysis and reports of Token Generation Events (TGEs)/Initial Coin Offerings (ICOs). It’s our goal to offer high quality and objective fundamental analysis from the segment of Initial Coin Offerings. In doing so, we not rely only on our own experience, but are also always on the cutting-edge due to our thorough networking in the cryptoscene. So that sound investment decisions can be made, all relevant information must be available. CryptoGo tries to aggregate exactly that information and to present it in a clear, understandable manner.
Make contact with other interested crypto-enthusiasts on our Telegram Channel and stay up-to-date with our newest reports and analyses on up-and-coming ICOs.
Julian – Co-Founder and Analyst
Julian studied industrial engineering and founded a web-agency. He encountered blockchain and cryptocurrencies early 2020 while he worked as an investment analyst in a venture capital firm in germany. He quickly became enthusiastic about digital currencies and blockchain technology. He is focused on fundamental analyses and has deep experience in asset allocation, investment strategy and portfolio management and token engineering. After many successfully completed investments he decided to share his analyses on CryptoGo.de .
Simon – Co-Founder, Analyst and Cryptoenthusiast
Simon studied business informatics in Germany and the USA. After finishing his studies, he encountered cryptocurrencies during his time as a professional poker player and venture capital investor. He was immediately fascinated by the underlying blockchain technology and the resulting innovative power of new projects. His keen analytical skills and his technical expertise filled him with enthusiasm about the fundamental analysis of ICOs. Due to the increasing demand for his latest analyses he decided to publish these on CryptoGo.de .
Florian – Co-Founder, Analyst and Cryptoenthusiast
Florian studied industrial engineering and politcal science in Germany, Austria and Australia. While studying, he played poker on a high level and took part in World Championships several times. During that time he started investing into startups and really got interested in our economic and financial system.
This journey eventually led him to Bitcoin and cryptocurrencies and became quickly his number 1 passion.
Besides being a big supporter of decentralized systems, he started developing frameworks for rating ICOs and crypto projects.
He shares his thoughts around the space regulary on CryptoGo and the CryptoGo Telegram Channel.
High quality objective fundamental cryptocurrency analysis and data aggregation.
CryptoGo aspires to evaluate new ICOs transparently and independently. ICO ratings published on CryptoGo solely represent the opinions of the experts providing it. However, we don’t do investment recommendations. Every investor should still do their own due diligence. All ratings published on CryptoGo serve informational purposes only.
Interested in new ICO’s? Mail us! [email protected]
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CryptoGo cryptocurrency ATM machine producer
Total number of CryptoGo ATMs installed: 3
About: Background of CryptoGo
CryptoGo is the Asia’s self-developed Crypto ATM machine, that enable clients to easily exchange fiat currency to cryptocurrency. The autonomous vending solutions also provide features such as high-capacity cash acceptor, high-capacity dispenser, and Know-Your-Customer function.
Description of CryptoGo
CryptoGo is a bank-grade digital currencies exchange kiosk, deposit and withdrawal up to 1,200 and 2,000 dollar notes. Providing excellent customer experience of completing transactions in one minute. KYC compatible with fingerprint scanner, EMV card reader and HD camera. CryptoGo has End-to-end proprietary software which is fully customizable.
– Flexible Token Integration
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