Crypto Com

Well the company advertises to be safe and secure and a great way to learn how to trade cryptocurrencies and educate people in the process. They are an exchange and thats the only part of the company that meets the advertised promise.

They allow you to trade on their platform for the most outrageous hidden fees you can imagine. They offer this feature called target price order which you can set your own price youre willing to pay for the amount of tokens you set as well. This is a great idea but it is intentionally inoperable and the reason behind it not working is it limits their ability to charge from 15% -30% more on every single transaction. That seems like something that would be bad enough but they also have a system that makes the customer think they are doing a favor by giving a discount to the customer for trading on their platform, however it is just an illegal practice.

First, they mark up the crypto currency value on their platform and they allow more fluctuations in their values to make customers feel like theyre profiting from their decisions, but when the customer goes to take their profit, the price they show is no longer the price your crypto is valued at. For example you buy a coin at $.12 from them but the real value on every other currency exchange says $.10 they give you a .25% discount. Seems like a good thing but the value is still only $.10 and you pay $.12 at a discount thats taxable. Next lets say the coin value increases by $.02 cents and thats the price you want to sell at.

You now have the exact amount of value that you had to pay but the fees to sell it make the actual amount you receive $.1055 at the highest. Sure this seems petty but when youre dealing with thousands of dollars in the transaction, this isnt a small loss but a few hundred dollars you lose because of these hidden costs. The target price order feature is the feature other companies offer that allows you to buy and sell your currency and minimizes the hidden costs associated with the scam. This feature is an option as far as a button you can press but it hasnt ever worked and will never work because of the money they stand to lose and is only available because it is available on every other company they compete with.

This feature will not only never allow transactions to complete but it will make your funds inaccessible to use and to find this transaction to cancel it and gain access to funds is remarkably hard. This is so you dont get frustrated and just transfer your money into your bank account and walk away from this crap. Now once youve mistakenly purchased crypto here you can bank on taking a loss even if the market is at an all time high. When you decide you have lost enough and want to transfer out of this company you have to pay yet another large fee and also dont have access to your funds for up to 14 business days.

Buying , selling and withdrawing using this company all costs more than they are willing to admit and customer service is 100% robot run. There are no employees that are available to assist and the only truth this company has to offer is that they will not be responsible in any aspect of life. Price manipulation is a bad business practice and I gotta say illegal in everywhere law is present but its very easy to spot it on their site. Like every single cryptocurrency is above the market value on every trading exchange in the world and they use that price manipulation as a tool to make you pay more than its worth yet you only receive the lowest price from their major competitors showing that they have no concern for the law or their customers and they immediately threaten to close your account and seize your funds when you attempt to get clarity on where not only your profit went but also the investment.

If I help one person avoid this scam I am satisfied but I want to get it banned and then have a class action lawsuit filed to make sure the company owners and managers and everyone else gets their due justice and money back for all those scammed by them. Also to get that commercial aimed at the person who is oblivious to their practices who is just trying to invest to not be suckered into their scam in hopes that they are as they advertise.