Thanks for stopping by to read my CryptoXchanger ICO review.
This coin had a lot of buzz in the crypto world so it’s my job to help you learn more about the coin.
In the past few months Bitcoin and cryptocurrency has gone completely viral and it can be overwhelming especially if you’re new.
So no worries I am going to help you understand exactly what CryptoXchanger is all about.
CryptoXchanger ICO Review
In a nutshell CryptoXchanger has put together a platform where you can transfer funds from one wallet to another. These transactions will go through within seconds.
Whether you are dealing with fiat or crypto we all love low exchange rates. Am I right?
Well it just so happens that CryptoXchanger will have the BEST exchange rates in the crypto industry. That is what they are claiming anyhow!
With any cryptocurrency I am always willing to keep an open mind and listen to what they have to say.
Labelling themselves as the “modern altcoin exchanger” sure got me to look!
If you’ve done some research there are now TWO CryptoXchanger websites.
Today we are talking and reviewing CryptoXchanger.net because the company recently announced their ICO. Just recently the company announced they would be selling 6 million coins.
CryptoXchanger does describe it an “investment opportunity” which can be a bit in the grey area. As we all know using the word “investment” doesn’t always go over well with some folk.
By the way I want to put it out there. I am not a financial advisor and I can’t tell anyone to make investments. The reason for writing a review is to help you understand more about the company and if I believe it’s a scam or legit.
At the end of my review I will also be clear and upfront if I will be personally buying some coins for myself.
Whether you love em or hate em they sure get lots of attention which is always a good thing.
Again I always keep an open mind in crypto because it’s a relatively new. People are already pointing fingers at CryptoXchanger being a lending platform.
I want to be clear on something. People were claiming Bitcoin to be a scam back in the day. Now the naysayers are calling it a bubble.
Most of those people are clueless. You ask them simple questions like “what is blockchain” or “how do you buy Bitcoin” or “what is an alt coin” and most have no idea.
CryptoXchanger is making claims they will pay 51% ROI per month for 150 days. I will say that is quite a return. Wouldn’t you agree?
If you’re familiar with Bitconnect we all know the deal. I have friends in that company that have made tons of money. They are the first to say “never invest more then your willing to lose” and the same goes for any of these coins.
ICO’s are risker then coins on the exchange. The reason I personally like ICO’s I can get them cheap.
I like learning about the different coins and I enjoy taking calculated risk.
Whether you’re talking about buying coins or any other investment there is no 100% guarantee you will make a profit.
Now that we got that out of the way, let’s take a closer look at CryptoXchanger!
CryptoXchanger – How Exactly Does It Work?
One thing I will say before going further this coin is very black and white.
The product is an exchange.
Swapping money between altcoins can be confusing and costly.
If CryptoXchanger can make this process SIMPLE and have competitive rates it will be a winner.
The company claims they have an algorithm that actually checks all the exchanges and picks the best price.
I’m not quite sure how that all works but it sounds nice.
The algorithm also performs some sort of technical analysis that can analyze if the coin is trending up or down.
This is where it gets a bit complex so follow me here.
If the bot sees a downward trend it will send coins to the customer from it’s resources. The bot will then put used currency into a monitor and check when the currency hits bottom. When the bots algorithm calculates the trends about to move up, it purchases the currency and moves it into its resources.
What is really cool about this CryptoXchanger earns not once but TWICE! They are earning on the price difference of the coin and also the 0.5% transaction fee.
As explained by the company all coins obtained from these transactions continually increase supplies.
I’m not quite sure how programmers do this stuff but you have to at least give them credit for trying.
I will say this. We are personally trading with a bot daily and it’s running algorithms and finding trends in the market. So it’s all possible and you’ll see more as the market grows.
How about a different situation?
Lets say the currency is in an upward trend. The algorithm will ping and the bot will purchase the currency immediately from an external exchange.
After the purchase they send to the customer.
As the bot is doing this it will then calculate the probability and decide it’s it’s profitable to buy more currency. If it can it will do so and sell for a profit.
Pretty cool stuff right?
I’m not sure if the companies bot is as good as they claim. Right now they are aiming for small profits of 2%-5% which is very possible. Depending how often their bots are working it’s possible to get several thousand percent yearly returns at this rate!
If you’re confused no worries. Basically all i said was that CryptoXchanger has a bot that trades and gets great returns.
I took a screenshot of the past two weeks of trading inside the website:
CryptoXchanger Lending Platform
According to the official website you can earn upwards of 51% per month with the lending platform. If you are familiar with stocks or any investment that is pretty incredible.
Lending is available in EXCC and all participants recieve DAILY accruals in EXCC.
Don’t make it complicated. A lot of people in crypto like to do that not sure why.
All you have to know is this. Let the company hold onto your EXCC for 100 days or more and you basically TRIPLE your money!
CryptoXchanger gives you three different lending programs you can utilize.
They are as followed:
- Purchase between 50 and 1000 EXCC you will earn 39% returns per month, waiting period 150 days
- Purchase between 1001 and 10,000 EXCC you will earn 45% returns per month, waiting period 125 days
- Highest buy in of 10,000+ EXCC, you will earn 51% returns per month, waiting period 100 days
Realistically we won’t know if the returns will be this good. CryptoXchanger specifically states all of the ROI’s are “UP TO” these percentages.
So these returns aren’t 100% etched in stone. It’s important to be realistic. There is no average ROI and you won’t know exactly what that number is unless you partake in the program.
Like anything these type of coins and investments come with risk. I wouldn’t call this ICO a long term investment. However I didn’t say you can’t make money in the short run.
Lets say the coin does well, it hits an exchange and the coin goes to $5 bucks.. You just made a very nice profit.
However, long term, I’m not sure how long any company can promise 51% returns and actually deliver.
They can last a while and people can make money however you can also lose.
CryptoXchanger – Check Out the Features
After taking a closer look and talking to some crypto friends one thing is for certain.
CryptoXchanger advertises their features very clearly on their website.
Here are some things to keep in mind:
- Does not keep data on a central server. However all the users share data and have access. So it’s decentralized.
- Safety seems to be important to the company. From what they say you’ll be able to hold private keys to your coins at all times. This is similar to how other decentralized exchanges work.
- There is no registration. Just get the client software and your wallet address.
- From what they say no third parties will be involved. This is peer to peer and all transactions filter throughout.
- Multi-signature gateway to keep unauthorized transactions out.
- Cross-chain transactions – Their whitepaper writes that “we know it’s possible” because other exchanges have added it. Seems as if they are working on this.
*** According to CryptoXchanger their transaction fees will be a low 0.1%
CryptoXchanger ICO – Initial Coin Offering
As you can see the next round to get your CryptoXchanger coins is December 3, 2017 just a couple days away.
From what I can tell they are launching this ICO for it’s Exchange Coin, or EXCC with a sole purpose to participate in lending.
If you’re cool with that I can’t see much else of a reason other than that.
Of course companies will claim they will use the profits to build the company. Get more bots. Do more trading. Invest in tech and marketing etc etc. But that’s just hearsay.
You will be given a web wallet that is only available on their website.
They plan on getting their coin listed on Coinmarketcap early 2018.
Also looking to open trading on third party exchanges and launch wallets.
A few things to consider:
- Total supply is 32 million coins
- 8 million coins have been pre-mined
- 6 million EXCC will be issued through ICO
- 2 million will be reserved for bonuses
- 24 million remaining coins available through mining
*** CryptoXchanger claims they HAVE NOT kept coins for themselves.
CryptoXchanger – My Conclusion Is?
Remembe, everything is a risk. I would suggest NOT spending your rent money or money you pay your bills with.
It’s true you can absolutely make a nice profits with ICO’s. Personally I will not be investing with CryptoXchanger.
With recent news I will no longer be investing into lending platforms.
I’m always willing to give it a look and review but I won’t be putting my money here any longer.
Lending coins have a very bad rep after companies like Bitconnect shutting down. You can do well with the right lending company but I am not longer interested.
A few months back I wasn’t familiar with lending platforms. After doing my research I can no longer promote these programs.
If you’re into Lending platforms, and mysterious bots that deliver 51% returns then CryptoXchanger could be a home run for you!
Just remember like anything there is no guarantee. I personally love risk but these lending platforms at the moment are a no go for me.
Thanks for reading my CryptoXchanger Review. Remember to subscribe below for my secret tips and strategies.
My #1 Recommendation
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