Crypto SuperStar: Is the trading bot legit?
With offshore origins and a lack of transparency, red flags continue to crop up
Contents
Crypto SuperStar is a trading platform which claims to use “state-of-the-art trading bots that can be used to scan through the crypto market and identify trading opportunities that fit with your pre-set trading parameters.”
With an entry fee of $250 and little in the way of KYC (know your customer) requirements, Crypto SuperStar may have caught your attention recently. But what is Crypto SuperStar: is it a scam or a genuine tool to assist with your trading strategy? How does Crypto SuperStar work?
Let’s find out…
What’s going on with the reviews?
A Google search for ‘Crypto SuperStar’ produces a litany of articles and gushing reviews of the platform, but how legitimate are they?
In the screenshot below, we can see that both Crypto SuperStar and British Bitcoin Profit receive identical write-ups on the website Linklytics, one of the top results from Google for ‘Crypto SuperStar’. The ratings were also identical – only the project names were different.
Furthermore, no mention of ’Damon Prince’ could be found on LinkedIn or Google outside of these two articles.
Another top result was a review at Cryptominded. A scan of the website yields an extensive list of reviews, but while certain aspects of the coverage are unique, every one of the 100+ reviews has the same rating with the same claims of verification and security clearances.
All reviews provide an identical registration form. Oddly, the reviews are all of trading bots.
An investigation into a handful of these websites shows many similarities between them, ranging from similar layout and terms and conditions, to almost identical splash pages. Names such as ‘Bitcoin SuperStar’ and ‘BTC SuperStar’ are also common titles for such sites.
One example can be seen below.
The majority of articles implement an “Is It a Scam or Legit?” sub-header, before invariably attesting to Crypto SuperStar’s legitimacy. This could be an attempt to flood the Google search engine with positive results for the query.
One example can be seen in the Crypto SuperStar review below.
None of the platforms allows a user to generate an account to view the interface without first booking a call with a representative. Biting the bullet, this reporter put his number down and awaited a call.
Within 10 minutes, a call was taken from a representative of the Epic Invest Company, which upon questioning turned out to be a brokerage based in St Vincent and the Grenadines in the Caribbean. The caller gave their location as Estonia.
After asking for some clarity regarding Crypto SuperStars and similar-looking platforms, we were told that many of these are paid advertisements through different affiliates and do not represent the name of the brokerage firm actually handling your funds. It seems that these different but similar platforms are all directing users to the same broker.
An online search for the brokerage did not yield any results, although this is not uncommon for companies registered in offshore jurisdictions. The names of the founders were not disclosed.
A follow-up email promised by the representative has yet to be received.
Further analysis
Crypto SuperStars and similar websites employ different gimmicks to entice users to the platforms, including a supposed registration cut-off period of a few minutes “due to extremely high media demand”. However, the timer always resets after a page refresh.
Testimonials, apparently from users of the platform, boast of huge gains in a short space of time. A quick reverse image search shows that these are stock images.
One example can be seen below.
There is an official Yell.com listing for Bitcoin SuperStar, but the phone number provided went to an unaffiliated company. That company told us that it has previously requested the removal of the Yell.com listing.
Final thoughts
With all of the above in mind, is Crypto SuperStar legit or a scam? We at Currency.com are not in the business of providing financial advice or investment strategy. Despite the various red flags outlined in this article, genuine trading bots are commonly used by professional traders. But whether or not Crypto SuperStar is one of them is a choice for you to make.
Always trade wisely, with a cool head and only after conducting thorough due diligence on an asset, bot, exchange or any other platform.
FAQs
Who created Crypto SuperStar?
It is unclear who created Crypto SuperStar. No details are provided on the website. A request for details on the founders has been submitted by Currency.com
Who owns Crypto SuperStar?
Crypto SuperStar is owned by a brokerage firm registered in St Vincent and the Grenadines. Further information on the founders and management is yet to come to light.
Is Crypto SuperStar secure?
Crypto SuperStar has no KYC requirements. It is unclear how your funds are secured on the platform or what regulations it adheres to. Profit is in no way guaranteed.
The service’s terms and conditions state: “In no event will the Company be liable to You or any third party for any special, direct, indirect, incidental, special, punitive, or consequential damages whatsoever, including any lost profits or lost data arising from Your use of the Website and/or the Services… The Company is not responsible for any problems or technical malfunction of any telephone or network lines, computer online systems, servers or providers, hardware, software, failure due to technical problems or traffic congestion on the internet (or inaccessibility of the internet) or incompatibility between the Website or the Services and Your browser and/or other equipment.”
