Is Crypto Coin Sniper a scam? Is that the question you’ve been asking yourself? The creator of this trading software sure hypes up the amount of money you can be earning with it, and how it all works on automation, but is he speaking the truth, or just telling people what they want to hear?
Let’s take a closer look and see what it’s all about…
Company Name: Crypto Coin Sniper
Owners: Paul Scott
Price To Join: $37
My Rating: 3/10
~ Crypto Coin Sniper Reviews ~
Intro
Did you hear about Crypto Coin Sniper online somewhere? Me, I received an email about it and decided to look into it, as I’m always interested in anything to do with trading the markets; particularly Forex or options trading.
It’s great that you’re here reading my review, as it’s always a good idea to do your homework before buying into anything online. With so many make money scams out there you never can be too careful.
I not only expose and write reviews on scams on my site. I also write reviews on the good stuff I come across; whether it be a money making opportunity or some decent training.
Let’s now see how Paul Scott’s Crypto Coin Sniper scheme measures up.
Tired of the make money scams that just don't deliver?
What Is Crypto Coin Sniper?
It’s a catchy sort of name, but what exactly is Crypto Coin Sniper and what does it do to make you money?
Obviously the very name of this scheme plays on the recent popularity of cryptocurrencies such as Bitcoin, so that will attract a lot of interest immediately from those who are into digital currencies (or looking to take the plunge).
The very first thing that happens when you visit the website is you are greeted with a sales video from the creator, Paul Scott. The video pitch claims that you can be making $1 millions with this, and only have to spend about 20 minutes or so setting it up.
This all seems a bit too good to be true. There are genuine ways to make decent money online, and one of the best is affiliate marketing. I do it for a living and learnt through the training at Wealthy Affiliate. You can join up for FREE!
Who Is Paul Scott?
Well, I couldn’t really find out that much about him, other than what he’s cared to reveal himself. An aspiring journalist who ended up working in a burger joint when he couldn’t get a job in his chosen field, Paul saw an ad on Craigslist for someone needing an article written on Bitcoin. The guy who commissioned the ad introduced Paul to some amazing trading software and it all skyrocketed from there.
That’s about it.
How It Works
So there’s the answer to what Crypto Coin Sniper actually is. It’s trading software. But more than that, it’s designed to automate your trading.
In the Forex world these days many brokers offer the ability to trade on the cryptocurrency markets, particularly Bitcoin.
All sorts of automated trading software and signal generator software has been created and sold over the years for regular Forex trading, as well as the more recent binary options trading. This kind of automated software is what’s known in the industry as an EA, or Expert Advisor.
What Paul is offering here is software that specifically targets crypto trades, reads the markets, acts on predetermined signals and indicators, and places the trades on your behalf.
Using complex algorithms that you really don’t need to know much about, the bot software analyses the markets, then when the signals all line up, places a trade for you. Paul claims 90% accuracy, but if you know anything about trading you’ll realise that’s a bit far fetched.
EA software can certainly help, but in my own opinion, it’s still wise to place your own trades. Use software to signal that all indicators are looking good, but then take a look at the market yourself before placing the trade. That’s just my thoughts on it.
Once you buy the software you’ll be given a demonstration of how it all works and how to set it up. Once it’s all happening, the software runs in the background, connected to your trading platform and does all the hard work for you.
Outrageous Claims!
I already mentioned the one about 90% accuracy, which is unheard of in this industry, or every trader – novice or expert – would be filthy rich.
The next rather unbelievable claim made is that you’ll very rapidly be earning yourself a cool $20k a week.
Yep, that’s per week, every week.
To achieve that kind of cash flow you would need the software to be 90% accurate AND you would need a decent bankroll to begin with.
Can’t see it happening to be honest.
Copy the way I make $1000s a month online!
Another major statement is that novices are becoming trading millionaires overnight. Follow this up with the fact that you “never have to worry about losing”, and it really does sound like a dream system.
I’m not saying the software won’t work at all or doesn’t have any value, as it probably does help to some degree, but these claims are just pie in the sky sales hype to get you to part ways with your money as quickly as possible and place it in Paul’s pocket.
Paul also goes even further, stating you can make $3000 on your very first day with his “top secret trading software”. You don’t even need any trading experience!
Target Audience
Well, I seriously don’t think this is targeting experienced traders, either in crypto or Forex. Although experienced traders use EAs, the way this one is sold with so much hype, I doubt an experienced trader would bother with it.
It’s definitely targeted at newcomers to trading who are looking for something to do all the work for them so they don’t actually have to learn how to trade.
What I Like
- EA software can help with automating trading and giving you “reasonably accurate signals” by which to enter the market
- The price to buy the actual software is quite cheap compared to other EA stuff I’ve seen for Forex and the like
- It “might” help you make some money
What I Don’t Like and Red Flags
- There is way too much sales hype attached to this, along with the ridiculous money claims, not needing experience, and that you never have to worry about losing
- They use paid Fiverr actors in the sales pitch videos and video testimonials
- Paul Scott is likely just an alias
- There are a number of more expensive upsells
- There are a lot of reviews from affiliates singing the praises of Crypto Coin Sniper
- Paul says he’s limiting his software to a select few lucky people, which is an outright lie
- No trading software is 90% accurate
How Much Does Crypto Coin Sniper Cost?
The Crypto Coin Sniper software costs $37, so not a big outlay to try it out. Some other EA software can cost in the thousands.
As I mentioned there are a few upsells that are optional. These are designed to help you use the software to its maximum potential. The two upsells are priced at $197 and $97 respectively.
The spending doesn’t stop there though. You can’t start trading with zero dollars. You need to invest some capital with whatever broker they recommend you (regulated or not).
Usually the minimum figure will be somewhere around $200 to $250 for anything Forex related, unless it’s a binary options broker (who offer lower entry points).
Is Crypto Coin Sniper a Scam?
Well, I’m not prepared to outright label this a scam, because EAs are an integral part of the trading environment, and loads of traders use them in various forms.
There are a lot of affiliates out there claiming that Crypto Coin Sniper is the bees knees of automated trading software, but you have to remember they’re trying to get you to buy so they can earn a commission.
Other “sellers” of EA software are outright stating that Crypto Coin Sniper is an outrageous scam, but again, these guys are also trying to sell you on their own trading software.
Me? I’m on the fence with this one. They make some ridiculous claims that I think are best ignored, but having said that, the software could possible help you make money, and it doesn’t cost a lot to test it out.
You can check out the sales pitch video for Crypto Coin Sniper by clicking below…
A Genuine Way To Make Money Online
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Darren Burton
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