Is Crypto Magnet a Scam? You Betcha! [Full Review]

Dale
Born & raised in England, Dale is the founder of Living More Working Less & he has been making a living from his laptop ever since leaving his job as an electrician back in 2012. Now he shares what he's learned to help others do the same... [read more]

The Crypto Magnet system claims that it can enable you to “pull-in” at least $2,750 every day, and if that wasn’t already sounding good enough it claims it can generate all that money on 100% complete autopilot through online cryptocurrency trading.

Crypto Magnet Website Screenshot ThumbBut obviously no doubt you’ll agree that it all sounds a little too good to be true, so what’s the deal here?

Is it actually legit & can you make money with it or is Crypto Magnet a scam that’ll leave you short of cash & red-faced?

At a glance, it’s definitely looking towards being the latter of the two but rest assured you’re in the right place to find out as I’ve done the digging & in this review, I’m going to be sharing everything there is you need to know about this newly launched make-money system.

What Is Crypto Magnet?   |   How Does Crypto Magnet Work?   |   Is Crypto Magnet a Scam?   |   A Better Alternative

What Is Crypto Magnet?

Crypto Magnet is one of latest cryptocurrency oriented online money-making programs that I’ve come across & it claims to be able to generate you profits of at least $2,750 per day on complete autopilot by trading popular cryptocurrencies on your behalf.

It almost sounds like a dream come true & it’s supposedly (according to its own website at least) took hundreds of highly skilled programmers & crypto market analysts over 3.5 years to develop… So it should be truly amazing right?

Well sadly, not really. After just briefly looking around the website I was able to tell that this was merely yet another cryptocurrency based binary options scam – a system that is solely out to part you with your cash, not make you any.

There were 2 main reasons which led me to that conclusion so quickly…

The first one was down to the ridiculous income claims & overhyped promises made via the website which in real life just could not be possible (such as the alleged 94.2% probability of generating a profitable trade).

The second one was that just by chance I happened to notice that the video promoting the Crypto Magnet system (the one that you see when you land on the homepage) is actually being hosted on the website of the BTC Robots system which is a known scam that I’ve previously reviewed right here on this blog.

Below you’ll see a picture of the source code from the Crypto Magnet website and you’ll see that they’re “pulling” the video (the mp4 file) from the BTC Robots website:

Crypto Magnet Scam

It’s common for scam programs to change their names & appearance once they’ve been exposed for obvious reasons. It’s likely that because BTC Robots had been exposed by myself (and many other bloggers) that the creators decided to create a new system under the different name, Crypto Magnet, so that they could escape the negative reviews & continue scamming people.

So here I am now exposing the Crypto Magnet scam!

And it’s actually not the first crypto-scam I’ve exposed today either. Just this morning I came across 2 others named Banking on Blockchain & BTC 1 Up, so I’d like to take a moment to warn you that if you’re looking into cryptocurrency opportunities it’s super important t do your due diligence.

Anyway, back onto the Crypto Magnet system…

How Does Crypto Magnet Work?

Just in case you happened to jump straight down here to this section of the review, let me reiterate that the Crypto Magnet system does not actually work as promised. What I mean by that is that there is absolutely no way you will make money by signing up to it, but what I am going to do here is show you how to the scam itself works…

Basically the Crypto Magnet system is just a typical binary options scam, but they’ve decided to latch onto the hype of cryptocurrency likely in the hope to catch out some unsuspecting newcomers who are looking to make money from Bitcoin & the like.

The guys behind this system have made it seem like it will be really easy to make lot’s of money through their Crypto Magnet program. The reason for that is because the system is actually nothing more than a ploy to get you to deposit with their “recommended” broker so that they can earn themselves a commission at your expense.

The broker & the creators of the system are both in it together & they’re purely set out to take money from you. They want to make it seem like you’ll be able to profit, but after you deposit your funds & “try it out” you’ll find out that the system doesn’t work as promised… And if you think you’ll be able to get a refund or withdraw your money, think again.

The brokers these guys work with are unlicensed & therefore unregulated… Essentially they’re crooks & they’re set out to steal your cash.

The reason I know so much about how it all works is that I’ve seen literally hundreds of these scams before. Admittedly not cryptocurrency ones as that’s just a relatively new approach for the scammers, though I have seen a few such as the Bitcoin Code, but they all work in a similar fashion.

Ultimately they should be 100% avoided as they are built up on nothing but lies & deceit. The worst part is that they’re also paying money for people to promote it, so positive reviews of these systems can be found online despite them being scams because these “reviewers” are lying so that they too can earn money at your expense. It’s sad but unfortunately, it’s true.

Anyway, I think I’ve said enough, it’s time to round this up…

Is Crypto Magnet a Scam?

Yes, I can confidently say that the Crypto Magnet system is indeed a scam. As I proved above in this review the Crypto Magnet system is just a re-hashed version of a former scam that was named BTC Robots which I previously exposed on this blog.

This system (and others similar to it) should definitely be avoided because they are purely set out to part you with your hard earned cash. They come across as legitimate but they are nothing but a ploy to suck you in.

Overall therefore as you can imagine I certainly won’t be recommending this system, instead I’ll be advising that you stay away & also that you share this post to warn others of it too. If you do happen to have any further questions or comments about it then don’t hesitate to leave them below.

A Better Alternative

The sad truth is that unfortunately most of the programs promising to help you make money online are scams. I can say that confidently after exposing over 500+ of them here on this blog.

But the good news is that even though most of them are indeed scams, there are actually some very good programs in amongst them - some programs that can truly help you to earn money.

And out of all of the legit programs I've seen, the one I would recommend the most to anybody looking to get started online is Commission Academy. In my own opinion, that's the best place to start.

At Commission Academy, you'll be provided with everything you need (including the training & tools) to begin earning real money by promoting products or services for companies like Amazon online.

The best part is that there's literally no limit on the amount you can earn with it & the process is pretty simple which means that it's absolutely perfect for people that don't have much experience.

Some wealthy affiliates even earn as much as 5-figures per month... Or more!

Amazon Earnings Example

I mean don't get me wrong, that kind of money won't just fall into your lap without doing any work... But the harder you're willing to work at it, the more you stand to earn with it.

So if you're looking to get started but don't know which route you should go down or which program you should join (and don't want to waste money on bogus things that don't actually work), then I'd highly recommend checking out Commission Academy first. You can learn more about it here.

Dale
About the Author:
Born & raised in England, Dale is the founder of Living More Working Less & he has been making a living from his laptop ever since leaving his job as an electrician back in 2012. Now he shares what he's learned to help others do the same... [read more]
Blue Arrow

Free Training:

Turn Your Passions Into Profits 💸

Training Video Preview

Through my free Commission Academy training series, you'll discover how you turn your passions into profits & launch a thriving affiliate business, even if you're a beginner with no previous experience.

Leave a Comment

Ready To Launch Your Own Ultra-Successful Affiliate Business?

...and begin transforming your ideas into income? 🤑

This website is reader-supported. If you buy through links on our site, we may earn a commission. Learn More