- None whatsoever
- The wrong logo, wrong website name, and the requirement to register with your phone number indicate it is a scam
- Scammers use your contact information to sell it to third-party agents and aggressively pursue a $250 deposit
- Aggressive and annoying calls from "brokers"
- The website lacks a reputable and secure connection
- The program does not have a personal website, and all links are sent to a well-known fraud.
- The requirement of a phone number when registering is only for social hacking, the site itself warns that there are no data privacy settings.
- A bot without any functions cannot have a license for legal activity.
Full Review of Crypto Bull
Crypto Bull is quite a catchy name. For the uninitiated, crypto is of course a reference to cryptocurrencies, the gold of modern times, carrying an air of cutting edge tech and amazing prosperous finances. The bull is strong and evokes feelings of power. Bull is also a sign of optimism and the market’s booming.
Let’s hunt for mistakes. Fraudulent websites pop up and disappear only to get rebranded and sprout again. This particular fake crypto exchange is performing a vanishing act since 2018, every year returning when the heat cools off. It works in quite a simple way, coaxing $250 out of the naive investors.
More sophisticated scammers go deeper, use hacking methods, mimic popular existing crypto platforms. This one is rather crude, and luckily for us, full of little mistakes and red flags that quickly mount up to an obvious scam.
Since there is no Crypto Bull website cropping up when you search the name, that’s the first red flag. Scammer sites like this tend to disappear to waylay the scammer watch websites, rebrand, etc. Note the logo.
Now, when we follow the link we are taken to the following website.
The first and the most obvious thing we see is the wrong logo and wrong website name. BitcoinTrader is, namely, one of the oldest brands of this scheme. You will see this particular layout. Red strip warns you that the time will run out, inducing the fear of missing out (FOMO). Then comes fake info about someone who just made the random sum of money. It’s a well-known marketing technique used by scam network:
Always a video clip of some sort runs providing an air of credibility (see the CNN logo). In modern crypto platforms, you never register with your name, email, or phone number. Platforms accept just email or Google credentials, then require to go through the Know Your Customer protocol.
Scammers need your name and phone number so they can sell it to third-party agents. It’s even in the disclaimer at the bottom, in the footer, so you legally agreed to be called by an agent.
The scammers exploit exactly the same strategy as applied by a number of other scam crypto bots we have been warning about:
Agents won’t stop calling you until you deposit $250. Since the disclaimer states that funds can be lost, that’s exactly what’s going to happen with your deposit. The deposit is another big red flag since reputable crypto platforms either don’t have a minimum deposit limit, or it is ridiculously small like $3 or $10.
While not a red flag per se, namedropping is a popular tactic to win over naive investors, hence you will see logos of companies that evoke feelings of safety and security, like Norton, Secure Trading, McAfee. These companies are dealing with antivirus protection and have no connections to crypto trading. Another thing is the bid/ask price which is there but we don’t know what the numbers represent. It’s just another gimmick to make investors think about profit, it’s not how credible platforms operate.
Crypto Bull scam works via review websites
Another thing. These scams work via review websites. But the true mark of frauds is the mistakes they make, hastily, sloppy shifts.
As you can see there is another logo, the name is the same. Check the URL. The link points to BestInvestmentOffer or GatewayOffer or some other malicious address that hosts fraudulent portals. Notice, again, the disclaimer. By registering you allow them to reach you and aggressively pursue that first $250 deposit.
Trustpilot review of Crypto Bull
While Trustpilot is not the ultimate arbiter of the internet, it does show something typical for the scam. Fake reviews.
These exact words endorsed many other fraudulent ‘crypt bots’, and the names and images are also fake. Notice the address. It points to an office building in London. Nothing strange, of course. But all of these scams are reported to be registered in similar office buildings while there are no registered crypto exchanges on the address. Again, not a red flag on its own, but combined with all the errors, mistakes, fake addresses, and reviews, it all adds up.
Trustpilot review also shows a link to a completely different website, the one address which is not shown on Google search.
Finally the right URL address, the right logo, sadly the same old scam.
There is no Crypto Bull app, you can’t download it. Registration only permits agents to non-stop call your WhatsApp and drone about the $250 investment that is required to start trading.
Faked are the names and stock image photos representing testimonials from “customers”.
If you Google the names, the search points to a slightly different name of a credible person, but the image is mismatched. These are just stock photos.
Similar Trustpilot reviews have several scam crypto bots we have written about:
Fake endorsements continue.
Namedropping is another common tactic of fraudulent websites. If you take a look at the screenshot above, you will spot Elon Musk, Martin Lewis, and Gordon Ramsey. The way our brain is wired would connect this website with credible names. It would lead you to believe that Crypto Bull has some credibility. However, if you read what the text actually says, you can see that it is not an endorsement.
Again, and again, the way this scam works is through misleading and manipulation, but those red flags sure piled up pretty quickly.
This is a known scam! Do not fall for it.
FAQ on Crypto Bull
It’s a fake website. They want your data so that agents can call you and ask for a deposit of $250 promising a great return on investment. The fact is, there is no crypto trading, no money to be made, just brokers fishing for deposits.
Yes. It is part of fraudulent websites, a total scam.
Judging by reviews, you can’t profit from Crypto Bull. You can only lose a $250 deposit.
No. This is a scam. There are legit warnings in the disclaimer, however. By registering, you agree to have your data sold or transferred to third parties. You agree to be contacted by agents (to bug you for deposit).
Crypto Bull***t, more like it! This site is a complete scam! lost $250 because of their false promises. As explained in the article, they use fake logos, fake reviews, and even fake names and pictures to trick you into depositing money. And once you do, the scammers simply disappear off the grid. You can just say goodbye to your investments.
My experience with Crypto Bull was not good, to say the least. They took my deposit and personal information was sold to third-party agents. Don’t waste your time or money with this scam!
Not functioning as advertised.. Even seems like it’s making trades at random and completely disregarding user input. Recommend finding a better automated solution.