Is CryptoNite a Good Broker or a Scam?
Cryptonight may sound familiar if you are involved with crypto mining. It is an algorithm used for mining bitcoin and other cryptocurrencies. However, CryptoNite is another thing altogether. It is an unlicensed broker that does not show any sign of being registered or revealing information about itself. It may have purposely used a name similar to CryptoNight to lend a certain fake credibility to its services.
We Have Some Concerns with CryptoNite
One question is why either CryptoNight or CryptoNite would use a name that has mainly a negative connotation as the toxic substance that even Superman was afraid of. However, it could be that Cryptnight is legitimate, but CryptoNite seems to be a fake broker without a license and it seems best to stay away from this broker. Instead, research regulated brokers and choose a reliable one to trade with. Ensure their license is legitimate and that they have not been flagged by major regulators.
CryptoNite Red Flags
- No license
- No contact information
- No transparency
- Negative reviews
Lost Money to CryptoNite? Talk to Us!
Our experts understand brokers–reliable ones and scam operations. We have researched brokers and have created these reviews to help consumers make the right choice for trading. We recommend that you avoid CryptoNite and instead find a reliable and licensed broker. If you have lost money to this broker, contact us and we will help you locate your funds