If you have visited Simple Crypto Compare’s site, simplecryptocompare.com, there is a chance that you have been hooked by the promises of wealth that the site offers. The idea is pretty simple: pay the money to the site and get a lot of it. Does it really work? In this review, we will tell whether you should use Simple Crypto Compare or not.
What Is Simple Crypto Compare?
The Simple Crypto Compare site starts right off the bat by telling you that investing is not complicated or time consuming and that if you want instant access to money, you have to follow five steps.
The first step is to choose the crypto that you wish to make a profit of, then you just click on “find best deal”, buy at the lowest price and sell at the highest price, keeping all the profit from the sale. According to the company, you can repeat these easy steps as many times as you want to make a lot of money by using the platform.
How Does the Simple Crypto Compare Work?
After you buy the program for $37 USD (you can pay with MasterCard, Visa, American Express, Discover or Paypal), you will have access to a tool that will allegedly let you buy tokens at the cheapest price and sell for the highest price.
The company presents its system as simple, consistent and completely legal. You receive the money that you get directly into your account. The company states that it has a 60 days guarantee so you can get a refund if you are not happy with the service.
Simple Crypto Compare makes it perfectly clear that the program is not a cryptocurrency bot and that it is 100% you that manages your money. The company states that you should not trust bots because, unlike you, they can always lose or people would be rich all over the world if it was that simple to invest and become rich.
Is Simple Crypto Compare a Scam?
Yes. We have no doubts that Simple Crypto Compare does not work as advertised. We are not sure whether the claims that you can get your money back are true or not, but this software is definitely not a good way to make money. Why? Because it does not make any sense at all if you take some to think about what the company is telling you.
Even Simple Crypto Compare tells you that robots would make everybody rich if they were so good, so how can the platform actually be better? How can it be so easy to make money? Everybody would be rich if it was that simple. What the company does not tell you is that it is not simple to buy low and sell high.
Unless you are using some kind of automated software, you cannot predict the market so it is impossible for you to know that you are going to profit. Say you bought $100 in a certain crypto while its price was $2 USD per token. How can you be sure that the price will not diminish and stay lower forever? You simply can’t and that is why this company is a scam.
The Simple Crypto Compare Verdict
Trading is not easy. There may be easier ways than others to trade your cryptos and get money, but it impossible to really profit from this market without understanding it well. There is simply no way around this fact. Because of this, you should focus on learning more about cryptos instead of looking for easy ways to get rich because they are almost always a bad idea.