Crypto Compared is a new investment tool for trading cryptocurrencies online. It has been developed by a man called Evan Myers, CEO of the CryptoCompared company. This is not exactly and auto-trading system but more of a tips and signals platform.
The cryptocurrency trading industry is known for its volatility and it is very important to join a system that has been proven to work and is known to be authentic. Joining any other solution, especially if it is so new like this program, means you are willing to take a serious risk. Most of the newest systems are scam and they can be easily exposed. Be very careful, especially if you have to pay for the solution and it is offered as a digital solution.
The Crypto Compared is a potential scam that you should not risk using. It will cost you $37 for a product that has not been proven to work and you cannot get a real idea of what it can achieve. I would recommend considering a different investment solution if you want to trade crypto assets online. And if you are determined to find an authentic system to use. The Crypto CFD Trader is an auto-trading software that has proven itself to be worth your while and I recommend it strongly as a better alternative.
Evan Myers & Crypto Compared
The person who established the supposed company behind this system, said Evan Myers, has a very shady personality. He supposedly used to be a high-frequency trader who shifted his attention towards cryptocurrencies in 2011. After some years, he finally quit his job in 2015 and establish the Crypto Compare cryptocurrency exchange. Its main feature is said to be capitalizing on existing trends among investors.
Review Verdict: Crypto Compared Is Scam
The software is said to operate in three main steps:
- Data Collection – the algorithms of the software, for which there is no information how they run and work, are said to gather ‘tips’ from the system’s ‘tipsters’. These are other investors using the system and their decisions.
- Pattern Comparison – the available data is compared to already existing patterns that have been exhibited by the prices of the assets you trade.
- Forecasts & Pattern Cross-Reference – once the pattern has been found and there is a possibility for it to be winning, it is forwarded to Evan Myers himself. If he approves of the signal, you get an email with all suitable trades you can make. This email is sent 1-3 times per week.
This is a simple trend trading based on historical information. There is not much analysis involved in making an investment decision, you simply follow the ‘wisdom of the crowds’. That is not necessarily bad and unreliable. But in this case, the system has not been proven to work and there is a high chance that the signals you receive are randomly generated and fake.
Why Is Crypto Compared a Scam?
There are several reasons why you should be very cautious around this system. First of all, we have the mandatory fake reviews and testimonials, generated using stolen photos of people who are in no way involved with the software. In other words, the reliability of the system cannot be truly confirmed – there is no viable evidence of profitability.
Second, the creator Evan Myers sounds like a fabricated person. There is no information about such a person involved with online cryptocurrency trading on the Internet. Meaning, he probably does not exist. And your investment decisions depend on random scammers.
But this is not all. The fact that the system is paid but the website lacks encryption is a clear sign that CryptoCompared is a scam you should avoid. Do not submit your personal information, let alone your bank details. Avoid the software.
Crypto Compared is a scam just released by an anonymous group of scammers trying to sell the idea that it was developed by a professional. Said Evan Myers does not exist. To gain access to the unreliable tool with questionable quality, you have to pay $37. There are much better systems which offer free licenses for trading and have been proven to be authentic and reliable. I suggest you consider such a software instead of this dangerous scam.
Review Verdict: Crypto Compared Is Scam