CRYPTOBO Review is Cryptobo.com a Scam or Should I Invest

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CryptoBO Review – is it scam or safe?

Trading Accounts & Conditions

Minimum deposit Expiry Times Payout % Regulation
$1 1 sec. to 15 min Up to 87% None

CryptoBO claims to the first binary options broker in the world that offers trading in cryptocurrency pairs. We doubt it is really the first, as its services were launched in mid-2020. We have reviewed a couple of binary options brokers and at least one of them, STS Capital, has been operating longer.

Nonetheless, CryptoBO offers seemingly attractive trading conditions. The problem is, potential clients have no clarity on the company behind the brand, its headquarters, etc.

CryptoBO Advantages:

The payout percentage at CryptoBO varies, depending on the instrument traded, but reach 87% on the most liquid forex pair, EUR/USD. The payout on the most popular crypto pair, on the other hand, also seems really good, reaching 80% on BTC/USD. The broker’s website even brags about a payout of 91% on its website, but we didn’t see such in their platform.

Solid choice of assets

The broker offers trading in some of the most popular coins – Bitcoin, Ethereum, Riple, Monero, Litecoin, Zcash, which can be traded against some of the most popular fiat currencies – USD, JPY, RUB, EUR – as well as against each other.

CryptoBO places a clear focus on cryptocurrencies, but also offers more traditional trading instruments, such as forex, commodities, some indices and stocks.

The trading platform of CryptoBO leaves a good overall impression. As most binary options brokers, this one also offers a web-based trading interface that is intuitive and easy to use. There are several technical analysis indicators and the charts have different layouts and time frames. Here is a snapshot:

CryptoBO’s web trading platform. click to zoom in.

No initial deposit, 500 satoshi bonus

This broker has set no minimum initial deposit requirement, so you can start with a small investment and risk less. Besides, CryptoBO promises 500 satoshi to each new registrant.

Another peculiarity of this broker which might seem attractive is the fact that you don’t have to prove your address or verify your identity. Only e-mail is required for sign-in.

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CryptoBO Disadvantages:

No information on the company

website is completely anonymous. There is no company name behind it, there is no address, not even a contact telephone number. All that makes us very suspicious about the whole enterprise.

While most binary options brokers are not regulated, most of them at least mention a company name, an address, and a phone number. Here we should note that most unregulated companies, offering financial or brokerage services on the forex or the crypto market are simply running scams. That is why we strongly advise you to invest anonymous brokers like CryptoBO.

Most traders will do better if they start out with longer term options which last a few hours or days.

Negative user reviews

As we did our due diligence research on CryptoBO, we stumbled upon a number of negativeuser reviews. Most of the people complain of price manipulation or simply say that this broker is a hoax.

Some of the alleged clients of CryptoBO say that at first the system allows some winning trades to get you hooked, after which the price changes against you the last fraction of second, so that you lose by a few cents, and then goes back to its regular trend. Some users say that they keep the MT4 open to compare price movements and claim there are some inconsistencies.

No long-term options

CryptoBO offers trading in options that are mostly short term:

-Turbo options – from 1 to 10 min;

-Pro options – 15 min expiry.

Minimum withdrawal amount

Although this broker does not require a specific initial investment, it has set a minimum initial withdrawal amount investment of 0.002 BTC. While this is not much, it still leaves a bad impression.

Conclusion

CryptoBO appears like yet another a hot offer on the crypto market that is completely anonymous and therefore not recommended. No matter what payouts or bonuses it offers, it is simply not worth it. Why waste your time and Bitcoins on some dubious service provider, when there are a number of regulated brokers that offer trading in cryptocurrencies? There are even some reputable and licensed crypto exchanges which are a far better option than CryptoBO.

To sum up the above:

Pros Cons
Seemingly high payouts No information on the company
Solid choice of trading instruments Negative user reviews
Nice platform No long-term options
No initial deposit required, bonus offered Minimum withdrawal amount
Anonymous trading
Broker Advantages

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.

Cryptobo

Overview

Cryptobo is a binary options broker that provides its traders with the ability to profit by analyzing encryption pairs.
The platform automatically generates for each user its unique bitcoin account, which is also the purse on which your bitcoins are stored.
The platform provides more than 100 trading tools: cryptocurrency pairs, currency pairs, commodities (raw materials), stocks and indices.
Features:

  • trade in cryptocurrency pairs
  • the ability to trade on pairs of Fiats with crypto-currencies, such as: BTC / USD, ETH / USD, BTC / JPY
  • guarantee of integrity
  • traditional instruments for trading: currency pairs, indices, stocks, goods.
  • accurate data of quotations from global stock exchanges
  • online customer support 24/7

Rating chart

Detailed Information

Cryptobo Reviews

Patricia Waite from United Kingdom

Hello everyone I’m Patricia Waite i initially invested a total sum of $90,000 over a period of 18 weeks. My bonus/profit was $198,000, every attempt to make withdrawal failed and I was instructed to make another deposit of $35,000 before I can make withdrawals which I did. Up till now I’m still unable to make withdrawals and all attempt to contact broker has failed. This is very pathetic and I advise everyone to desist from binary options generally. I did a due diligence test before investing with them but guess what I ended up getting burned. This is to create awareness, not everybody can be as lucky as I was. I’m saying this because I was able to recover my funds through the help of Mr Wells Douglas Thanks to Mr Wells a private investigator and wealth recovery expert…Contact him on email via [email protected] for more enquires. And he will guide you on steps to take and get back all you have lost. Am very happy to share this because i love seeing someone smile again.

Franco from United States of America

It’s painful to invest and lose, binary options is more of a gamble if you ask me, especially when your broker decides to invest on your behalf, this was how I lost all my funds with these brokers. They claimed they invested on my behalf, what none sense. Anyway, long story short, I have a friend that have a connection with someone from a recovery firm do an investigation on these guys and I got my money from within 2 weeks of getting in touch with him. Hiring a lawyer and and contacting your bank for help is useless so don’t waste your time. I was lucky to get referred to this guy, you can definitely get lucky too, contact him on [ pryce at greenmail dot net ] if you need help. Just ensure you come back here to thank me later.

Rachel from United States of America

All these binary options, trading and cryptocurrency companies are scams, I lost a huge amount of money. Things have turned out good for me, being that I was able to recover my money thanks to a recovery pro. You can reach me if you’re interested in finding out how I recovered everything I lost. Rachelmillr4 gmail dot com

Lance from United States of America

Don’t ever try to trade cause they are bunch of rippers. I have been wasting my time with this unregulated brokers for a long time. They keep asking me to pay for taxes, I wasted my time and efforts with this bunch of scammers. I requested to make withdrawal and my account was frozen for no reason. All my money was gone. I regret every action I took with this scammers all happened because of my ignorance. I was at point of giving up when I was referred to an Ethical Hacker who helped me get back all I lost within 7days. Feel free to consult (ADMIN @ OXOWEALTHRECOVERY . C O M) today and be rest assured your problems is solved. Give a trial today and you will be glad you did.

Jennifer Coleman from Germany

When I got scammed by my binary option broker last year, I was suicidal after several failed attempts of call back. Till I was referred to Geminihacks -.- com get my money back, they was able to recover a total of 120k I lost last year to Glenridge capital, they are the best and I advise there contact if your in need of a full recovery.

Sarah from Norway

Some unsuccessful deals happened to me by this broker and there were more than not successful ones. The most crucial is that I gained profit according to my performance and they didn’t allow me to withdraw my money to a single cent. Till a friend of mine introduced me to fundsrecovery01 @ gmail. com, a recovery agent who helped me recover my lost fund without any form of upfront payment

Travis from Canada

I have made totally sixteen requests for withdrawals and got none of the sixteen times! I just knew it was a scam, so I came online to search how I can recover my money. luckily I saw a review about how [email protected] helped a woman recover her money without requesting upfront and all,so I decided to give it a try and boom. My money was back in less than a week after which I paid him 15% of the money recovered for his service. I can’t be happier than this. My year is just starting I guess.

Lisa Gomez from Russian Federation

This company denied my withdrawal requests for months and closed my account when I refused to pay more without my consent. I called them but they refused to pick up my calls and they refused to also respond to my mails. I have tried every means to reach out to them but no way. Thanks to a recovery company that helped me recoup all my money back from them. I am just glad I have all my money back. You can contact them recoveryswiftteam @ gmail.com

Gimi from Spain

They are a scamers, in binary opinion they tumb the price before expiration. Don’t touch this!

Daria from Russian Federation

Я являюсь настоящим клиентом данного бинарного опциона и при общей работе у меня не возникло практически никаких проблем. Несколько раз были технические сбои. Служба поддержки оперативно реагировала и направляла на резервный сервер. Не возникало проблем с выводом средств, начального дохода или манипуляций с ордерами.

CRYPTOBO Review: is Cryptobo.com a Scam or Should I Invest?

CryptoBO – Broker Review and Trader Feedback 2020

CryptoBo is the first online investment platform of its kind in the crypto world. It is the easiest and most pleasant way to earn extra money in free time by analyzing the cryptocurrency market. An important thing is that all your sensitive information is stored in the blockchain based safety deposit box without any additional information on your personal data. Many people may erroneously infer that it is nothing else but another scam labyrinth, but this is more likely due to lack of awareness of the basics of cryptography, proper strategies and sound tactics.

1. General information

Crypto Options offer a unique strategy that allows you to earn in all cases: you will be using bitcoin as a financial instrument for predicting the direction of the price of any trading instrument that is available on the platform. Other than Forex, the world-famous interbank currency exchange giant, this broker offers a choice of the most popular cryptocurrency pairs suitable for stable earnings on the price advance.

It should be noted that most of the statistics along with the positive feedback from traders brought crytocurrency to the far-reaching fore of future earnings “from the spot.” Every day more and more traders give their preference to it. In the worldwide network, there are many scammers and unstable platforms with binary options where novice traders easily lose their money. Therefore, CryptoBo was created as a new gulp of air based on making profit on the difference in the asset price at the time of purchase and sale of cryptocurrency.

2. Advantages and disadvantages

Your account: For a successful start, you will be given 500 Satoshi to zero balance with their infinite replenishment. You can replenish the bonus once every 24 hours provided that your account will be equal to zero.

Low limit: Like the interest, the minimum entry amount will be 0.00000001 BTC ($0.01). You will find a lower one nowhere else.

Sign up in 30 sec: Just take three successive steps “on the spot” from anywhere on Earth to be able to make any money transactions.

Year-round trading: Cryptocurrency pairs afford an opportunity to trade them every single moment, on weekdays and days off, on holidays and on vacation.

24-hour support: CryptoBO is committed to 24/7 continuous feedback.

No intermediary bank: The process of withdrawing money to bitcoin wallet takes no longer than 20 minutes.

Save funds:
Unlike the competitors, this platform offers one bonus in order to rule out the manipulative employment of more funds from traders.

Fiat currencies: No option for crediting fiat currencies (USD, EUR, etc.)

Demo account: No demo account.

3. Registration

Everything is very quick and simple. The trader must fill out the login form consisting of 3 successive main boxes:

Immediately after completion of the sign-up process, you will receive a confirmation email with a link to activate your account with a pleasant instant bonus to your credit.

4. Deposits and Withdrawal Methods

Deposit
A unique URL of your bitcoin wallet can be found in menu “Billing” on the platform. You need to deposit any amount you want to receive on your balance to your unique wallet. Once you have deposited the funds and a transaction appeared in the blockchain network, the funds will instantly be credited to your trade balance.

Withdrawal
In menu “Billing”, you need to select “Withdrawal” and insert the wallet URL you want to receive funds to.
The minimum amount of withdrawal is 0.002 BTC.
No withdrawal fee. The withdrawal fee is borne by the platform.

This is an advanced platform offering cryptocurrency deposits, constant improvements, innovations and special offers according to traders’ requests.

3 Main Conditions for Trading at CryptoBo:

  • The minimum trade is 10 Satoshi;
  • The maximum profit is 91% of the trade amount;
  • No minimum deposit requirements.

5. Broker and Trader Regulation

No intermediaries. All broker-client relationships are established directly, which already soothes and ensures reliable transactions. The fact that all monetary transactions are assigned to bitcoin ensures protection of sensitive data of all traders. You can be sure that no public agency will ever gain access to your sensitive data due to the encrypted code on the blockchain.

6. Trading features

The website currently offers more additional information that can be found in its tutorial sections.
Tutorial, conversational and support links can be found at the bottom right of the website: Facebook, Youtube, Vkontakte, Bitcoin, Telegram.

In addition, the best option of risk-free training is a gratuitous bonus of 0.00000500 BTC, just what a beginner needs for the initial start.

7. Account types

Two contract types. Binary and Turbo. Simply put, you make a price forecast assuming it will go up or down from the time you open your trade. Turbo is the default option that allows you to select the trade processing time from one to ten minutes. A classic binary trade takes up to 15 minutes.

Here you can choose between two trading option:

  • Standard assets (stocks, indexes, goods).
  • Cryptocurrency pairs: Bitcoin, Ethereum, Litecoin, Monero, Zec.

Please note that all the cryptocurrencies have one of the highest percentages of payments among all brokers.

8. Mobile Platform

The perfectly worked out mobile version offers swift navigation across the website, available functions and the ability to trade.

9. Should I trade with CryptoBO?

We strongly recommend you the CryptoBO platform, with which you can try to multiply your financial investments using safe strategies, where you will be able to keep track of all your money transactions using blockchain. This advanced broker is trying to keep up with the times and possibly please its traders by materializing their own vision of new opportunities for cryptocurrency trading.

Pros: 1) Time saver. Transactions require no documents, receipts or checks; 2) No deposition and withdrawal fees; 3) Convenient website navigation. Suitable for both professionals and beginners.

GOLDEN RULES for NEWBIES/NOOBS “IF YOU ARE NEW READ THIS FIRST!”

Comments

hi i m harry from INDIA

Rules to follow starting out so you don’t get scammed – These are important as this is where most fail with signing up to a new broker.

Rule #1 – Never invest money you can’t afford to lose.
Rule #2 – A broker makes money when you loose, just like a sports book.
Rule #3 – Never allow a broker to trade for you. Remember Rule #2.
Rule #4 – Start trading with a demo account first to prove viability and learn how to trade.
Rule #5 – If a system/software/bot/trader requires you to deposit/use real money don’t do it. It breaks Rule #3.
Rule #6 – Never accept a bonus that requires turnover and traps your money from being withdrawn.
Rule #7 – Always trade a percent of your account, a small percent to manage risk and maximize profits.
Rule #8 – Check this thread about complaints before choosing a broker: http://forum.binaryoptions.net/categories/scam-watch

Issamba ✭
I started trading with a so called account manager Mr. Bills David on 24 option.com. I deposited 500$ by money gram and after a week my account had 7850$. For withdrawal, he asked me to pay the IRS of 10%. I paid 785$ on money gram and sent him my bank information details. After 3 days he asked my to pay again 785$ for permit fee because of my country. Is this serious? I am fed up. I have got all the slips of payment, the screenshot, our conversion, etc. Please help me solve this money. I need my account withdrawal. Thanks. –

Don’t worry, we will help you to start your trading experience!

The main idea is to predict where a price of an option will go.

You can choose a type of options (Binary, Turbo, Crypto, Forex, Digital) and the asset that you want to trade.
We have lots of currency pairs or company actions, so you can choose the one that you like.
After you have chosen one – you are welcome to make a decision whether you think the price of the asset will go up or down.

If you think it will go up, click call.
If you believe it will go down, click put.

You can use a demo account for practice and gaining experience. That will help you to find the best strategy for you without any loss.

CryptoBo review and ratings

Company information

CryptoBo is a binary options broker operating in an unknown location, not regulated by any government agency.

Availability

CryptoBo accepts clients from all over the world, excluding some OFAC sanctioned countries.

Distinctive features

  • Simple registration and verification process.
  • Various binary options available for trading.
  • Bitcoin funding accepted.

Trading instruments

Binary options broker offers the following underlying assets for trading.

15+ Currency Pairs Based on major world currencies.
15+ Crypto BOs Based on Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Ripple, Dash, Monero.
7 Indice BOs Based on baskets of different blue-chip stocks.
1 Metal BO Based on Gold.
20+ Stock BOs Based on shares of US companies.

Comprehensive review

CryptoBo is a bitcoin-based binary options broker that is unregulated and operating out of an undisclosed location. As one of just very few brokers we have reviewed, CryptoBo does not even state its official company name on its website, which naturally makes us doubt whether a registered company even exists behind the website.

In terms of its offering, however, CryptoBo appears similar to many other binary options brokers, although it places a heavier emphasis on cryptocurrencies, denominating all trading accounts in bitcoin (BTC) instead of fiat currencies like dollars or euros.

In addition to binary options with bitcoin as the underlying asset, CryptoBo also offers binary options trading in a range of other cryptocurrencies, stocks of US-listed companies, a few of the major forex pairs, gold, and a handful of stock indices. In total, this makes up a decent selection of assets to trade binary options on, although we have certainly seen wider selections from other brokers.

The trading platform CryptoBo offers actually appears pretty well-designed and intuitive enough for beginners to quickly learn how to use. The charts are dynamic and can easily be adjusted according to different timeframes, while also offering access to a limited selection of technical trading indicators.

Unlike most traditional brokers, trading accounts with CryptoBo can only be funded with bitcoin sent directly to a personal bitcoin wallet that the broker will provide for each client. There is, in other words, no bank account or PayPal account that a user can send money to in order to fund a trading account with CryptoBo. As such, any users who don’t already have bitcoin must first buy it from a third party.

Most likely because it is unregulated and entirely based on bitcoin, CryptoBo does not require new users to verify their identity in any way, making it possible to trade pretty much anonymously. All a new user needs to do to sign up with the broker is to register with a nickname and password, and then deposit bitcoin to trade with.

According to the broker, the same easy procedure also applies to withdrawals, with no account verifications necessary before a withdrawal can be made to any personal bitcoin wallet. Note, however, that there is a minimum withdrawal amount of 0.002 BTC, and that the broker charges a withdrawal fee of 0.0004 BTC per transaction.

CryptoBo’s customer support team can only be reached via email and a Skype username listed on the website. Unfortunately, no phone numbers or live chat options are provided by the broker for more urgent matters.

In conclusion, it is clear that CryptoBo is not a broker operating at the same level as reputable binary options and forex brokers. Instead, this is a largely unknown, unregulated, and possibly even unregistered broker without much credibility. Traders who still want to deposit money and trade with this broker should therefore know that they are doing so at their own risk, and it will be very difficult to make a case against the broker in the event of a dispute.

In addition, the broker’s website is also full of spelling mistakes and strange and misleading statements about things like trading being “a simple and safe way to earn money.” In our view, this further puts CryptoBo’s credibility into question, and we do not recommend it as a broker to trade with for anyone.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Broker!
    Perfect for beginners!
    Free Demo Account! Free Trading Education!

  • Binomo
    Binomo

    Only for experienced traders!

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