Cryptosx.io Review: Scam Crypto Exchange? - Topedgefx.com

Cryptosx.io Review: Scam Crypto Exchange?

Cryptosx.io is a digital assets exchange registered in September 2018 and owned by First Bullion Holdings INC.

Cryptosx.io allows participation into their project for as little as $100.

In addition to this, the platform is allowing companies to launch their own security tokens under what is known as CEZA’s Digital Asset Token Offering (DATO) framework.

The parent company, First Bullion Holdings Inc, is based in British Virgin Islands, which is an offshore location where regulations are grey and weak.

On the other hand, Cryptosx is based in Manila and Hong Kong respectively.

They proclaim that investors into this project include Greenpro Capital Corp. (NASDAQ:GRNQ), Alphapoint Inc as well as other players in Wall Street.

Cryptosx.io review

The platform also claims their company is registered with the Cagayan Special Economic Zone Authority (CEZA License No. 18 – 2018).

Participating in ICOs, STOs and any kind of token offering comes with the risk of losing all your capital.

There needs to be a responsible way of investing within the digital assets environment, which means that Cryptosx.io should be regulated by a strong oversight authority.

Nonetheless, this platform continues to offer a number of products to the masses.

These include a Crypto exchange which is said to facilitate buying and selling of BTC using cash, a marketplace designed for dealing in STOs and Security tokens, STO solutions and a mobile app.

Is Cryptosx.io legit?

While the company and platform may be legit, this does not mean that investors don’t stand a chance of losing all their deposits.

The platform is currently touting institutional grade security where where investors’ funds are covered by $100m Lloyd’s Insurance and multi-sign wallet technology.

They also claim their digital exchange is licensed, and they charge zero deposit fees.

Currencies supported include the US, UK, HK, GB, AU and JP.

The problem with this platform is that its success is just talked about on their website but not supported by independent customer testimonials.

We expected to see a lot of testimonials and reviews concerning this company’s feature and how it has served investors since 2018.

Conclusion

Even if the minimum deposit is $100, we’re still seated on the fence when it comes to whether or not to recommend them.

We will therefore take the usual route; where we recommend the most reliable and well-known trading and investing services.

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