Goldencrypton.com Review 3 Reasons Why Golden Crypton is Risky {BEWARE}

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Crypton Wallet Review: An Exceptional Scam

Crypton Wallet Review: An Exceptional Scam

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Last Updated: Dec 28, 2020 @ 9:03 am

Welcome to the Crypton Wallet review. The site can be found at Crypton-wallet.com. However, there are a number of problems that have manifested out of this platform, and it now looks very suspicious and even fishy. Crypton Wallet offers buying and selling of Bitcoin as well as trading. In addition to that, they are claiming to offer Crypto currency cold storage facility.

Trading opportunities on Crypto currencies are available for Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Zcash and Dash against fiat currencies like USD, EUR, GBP, or RUB. In addition to this, Crypton Wallet supports a variety of funding methods which include Visa, MasterCard, Wire transfer among others.

The funniest thing is that Crypton Walet is claiming on their website that they are governed by a UK registered corporation known as CRYPTON-WALLET Ltd. On the footer of the site, they claim that this corporation is owned by its respective owners, which is a vague statement indeed.

After searching for company background, we were not able to find any. That means there is no such company in the UK and if it was there, this website would have provided a link to their registration details.

Of course there are also many other ridiculous claims being made on this website and believe it or not, all of these claims cannot be verified because there is no evidence to support them. For example, the site claims that they have 1 million customers.

This is a very funny claim because the site was registered in 2020 as opposed to 2020 (something which they lied about as well). How on earth does Crypton Wallet get one million customers in a span of months? It is not possible and we already feel that these numbers are exergurated. Moreover, if Crypton Wallet had 1 million customers, reviews of the service would have flooded the internet by now. Why is it that this website does not have a single customer feedback? It begs this question.

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Crypton Wallet Review

Crypton Wallet lists a number of attractive features on their site to try looking legitimate. They claim to have advanced order matching algorithm, lowest spreads, decent liquidity, strong security, cross platform trading and legal compliance in order.

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Looking at their legal compliance claim, we realize that there is no such company with the name Crypton Wallet. Not only this, the website is also lying that they are licensed by the FinCEN. There is no regulatory license number anywhere on this site. Therefore, they have lied about their company details just the same way they are telling lies about their regulatory information. This is a red flag and we can no longer trust a site like this one because the risk of losing funds is very real.

The site offers margin trading with leverage of between 1:2 and 1:3. In addition to this, Crypto wallet is also offering negative balance protection. This claim is often made by many brokers out there but the fact remains that if you are going to trade with a scam broker, it does not matter whether they are giving a leverage of 1:2 or 1.9. You will still lose your money. Therefore, even negative balance protection feature is not very helpful in a situation where you start trading with an unregulated broker.

However, they site also claims to have diversified its platform for trading Crypto currencies. Traders can use the web-based platform or use mobile platform for trading on the go. They are also offering a platform called WebSocket although we are yet to test this platform to see how versatile it can be compared to the mainstream ones.

Other supposed advantages of using Crypton Wallet is that they have competitive trading fees for takers and makers. Depending on whether one is a taker or a market maker, this platform will provide special conditions for high volume traders and good offers for market makers.

Well, these features may seem helpful but if the broker has not solved the underlying issues, then they become useless.

How exactly can traders be assured of good liquidity if this is a new platform with zero customer feedback? The claim that they have 1 million customers is a lie but if it were true, then there would be enough liquidity to sustain the trades which they claim to execute.

In this environment, there are takers and makers. So this means that this is a market making model where numbers push volumes. It is the reason why Crypton Wallet wants people who can place large volumes. Not only do they fund the pockets of these crooks, but they also ensure that the market has sufficient liquidity.

However, even before we arrive to this argument, we need to determine whether Crypton Wallet is a real broker or exchange in the first place.

There is no guarantee that this is a real broker since we have seen their presentation and even realized that 90% of what they tell us on this website is not factual. This is the order of the day for scammers who want to collect quick money on the internet. They give non factual statements which are aimed at promoting the scam and netting victims.

Is Crypton Wallet a scam?

This is definitely a scam. There is no proof that they are conducting any reliable trading on the website. They even lied about their date of launching the website. So there is nothing you can trust them about.

Our best advice for you

This website is suspicious and we don’t believe that any trader can send funds to them expecting to trade Crypto currencies here. It will be a risky attempt. In the meantime, we ask you to check out these brokers because some of them offer Crypto trading as well.

Three Reasons to Invest in Gold According to Research

Why Is Gold So Valuable?

Investors buy gold as for one of three reasons: a hedge, a safe haven, or a direct investment. Which of these is the best reason? Research says that gold is the best hedge against a stock market crash.

Gold as a Hedge

Hedges are investments that offset losses in another asset class. Many investors buy gold to hedge against the decline of a currency, usually the U.S. dollar. As a currency falls, it creates higher prices in imports and inflation. As a result, gold is also a defense against inflation.

For example, the price of gold more than doubled between 2002 and 2007, from $347.20 to $833.75 an ounce. That’s because the dollar’s value as measured against the euro fell 40% during that same period.

In 2008, despite the financial crisis, some investors continued to hedge against a dollar decline caused by two new factors. One was the quantitative easing program launched in December 2008. In that program, the Federal Reserve exchanged credit for bank Treasurys. The Fed simply created the credit out of thin air. Investors were concerned this increase in the money supply would create inflation.

The other was record-level deficit spending that drove the debt-to-GDP ratio above the critical 77% level. That expansionary fiscal policy could create inflation. The increase in the nation’s debt could also cause the dollar to decline.

Research done by Trinity College found that gold is the best hedge against a potential stock market crash.

For 15 days after a crash, gold prices increased dramatically. Frightened investors panicked, sold their stocks and bought gold. After that, gold prices lost value against rebounding stock prices. Investors moved money back into stocks to take advantage of their lower prices. Those who held onto gold past the 15 days began losing money.

Gold as a Safe Haven

A safe haven protects investors against a possible catastrophe. That’s why many investors bought gold during the financial crisis. Gold prices continued to skyrocket in response to the eurozone crisis. Investors were also concerned about the impact of Obamacare and the Dodd-Frank Wall Street Reform Act. The 2020 debt ceiling crisis was another worrying event.

Many others sought protection against a possible U.S. economic collapse. As a result of this extreme economic uncertainty, gold prices more than doubled again. Prices went from $869.75 in 2008 to a record high of $1,895 on September 5, 2020.

Gold as a Direct Investment

Many investors wanted to profit from these tremendous increases in the price of gold. They bought it as a direct investment to take advantage of future price increase.

Others continue to buy gold because they see it as a finite valuable substance with many industrial uses. They believe that supply constraints will eventually force up the value of this metal.

Last but not least, gold is held by many governments and wealthy individuals. For the governments, much of it is legacy gold that’s been kept in storage for decades. The U.S. Treasury has stored gold at Fort Knox, Kentucky, since 1937. Selling the gold now would raise anxieties and possibly disrupt markets.

The Federal Reserve does not own gold. It does keep gold owned by the U.S. Treasury in its vault.

What It Means to You

Gold should not be bought alone as an investment. Gold itself is speculative and can have high peaks and low valleys. That makes it too risky for the average individual investor. Over the long run, the value of gold doesn’t beat inflation.

But gold is an integral part of a diversified portfolio. It should be included with other commodities such as oil, mining, and investments in other hard assets.

What Makes Gold Special

Why should gold be the commodity that has this unique characteristic? It has a long history as the first form of money. It then became the base for the gold standard which set the value for all money. For this reason, gold confers familiarity. It creates a feeling of safety as a source of money that will always have value, no matter what.

Gold’s characteristics also explain why it’s uncorrelated with other assets. These include stocks, bonds, and oil. Gold’s price doesn’t rise when other asset classes do. It doesn’t even have an inverse relationship like stocks and bonds do with each other.

Instead, it is a reflection of many other investor sentiments. That makes another reason to have gold as part of a well-diversified portfolio in today’s globalized world where most asset classes end up being highly correlated. (Source: “Is Gold a Hedge or a Safe Haven? An Analysis of Stocks, Bonds and Gold,” The Financial Review, 2020 pp. 217–229)

Disclosure: The Balance does not provide tax, investment, or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. Investing involves risk including the possible loss of principal.

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