Review of The Crypto Genius

The Crypto Genius is an algorithmically-powered trading robot that places automated cryptocurrency trades on behalf of its users. This review looks into its security features, fee structure, and everything else you need to know.
By: Pooja Kadia
Pooja Kadia
Pooja has worked with more than 120 crypto and blockchain companies along with being the founder of her educational blog, Cryptochain… read more.
Updated: Jun 21, 2021
2.5/5 Star rating
19 min read
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Crypto Genius is a robot that facilitates automated trading in cryptocurrency and other assets. Its official website states that it is developed by a team of mathematicians, developers, and top economists. However, we could not find any evidence to verify the team members or their professions. 

Crypto Genius’ official platform claims that it can generate a guaranteed profit of $1,000 per day for users. However, we found that claims made on the robot’s official platform are misleading and dubious. In this Crypto Genius review, we examine the different features of the robot and analyse the statements made on its website.

Pros & Cons

Pros:

Multiple trading instruments are available
Provision of demo account feature
SSL encryption and security measures
24/7 customer service
Partners with reputable and regulated broker platforms

Cons:

What is Crypto Genius and what can I do with it?

Crypto Genius is an automated trading platform that uses Artificial Intelligence and algorithms to retrieve potentially profitable trading signals. It then uses this information to place trades automatically with partnered brokers. According to its official website, the robot uses a set of 22 fundamental and technical indicators to predict the price movements of a cryptocurrency asset.

Crypto Genius also offers the feature of manual trading to expert traders. With this, traders can manually specify trading parameters for a particular asset (e.g. to buy Bitcoin at a certain price). The robot then scans the crypto market 24/7 and executes the order of the trade as soon as the conditions are met. This allows experienced traders to carry multiple trades at a much faster pace and at their desired conditions without constantly monitoring the markets. 

How does Crypto Genius work?

Crypto Genius partners reputable and regulated brokers that offer the services of cryptocurrency trading and other instruments. After analysing trading signals, the robot sends instructions to the partner broker platforms using an API. The broker executes this order to open or close a trade automatically, with no need for human intervention.

Crypto Genius key questions, answered

Which brokers can I use with Crypto Genius?

According to its website, the brokers partnered with Crypto Genius are regulated and adhere to the guidelines of KYC and AML. They are not listed, but some of the partnered platforms could include UFX and 24Option. 

What cryptocurrencies are supported on Crypto Genius?

The robot offers trading in prominent crypto-assets including:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Ripple (XRP)
  • Basic Attention Token (BAT)

In addition to cryptocurrency assets, the robot also offers trading in instruments of commodities like Gold, indices like Dow Jones, and forex currency pairs. 

Can I use Crypto Genius on mobile and desktop?

Yes. Crypto Genius’ software is accessible from any OS on a desktop or laptop. The autotrading bot does not have a mobile app, but you can access it from a mobile browser. Please note that the accessibility might be more convenient on a desktop than on mobile.

Can I trade assets with leverage?

Yes. The associated brokers of Crypto Genius enable leverage trading with CFD instruments in crypto and other assets. The official platform does not give details on the leveraged amount, but our research suggests that leverage up to 1:1000 can be found. 

Always remember that trading with leverage is risky. While profits can be maximised, the losses are also exponential. In other words, you have the risk of losing not only your profits but also your capital. 

Can I open long and short positions with Crypto Genius?

Yes. You can use margin trading to open long and short positions with Crypto Genius.  A long position refers to a bet placed by the trader that the price of an asset will increase. In reverse, a short position is a bet placed by a trader that the price of a particular asset will decrease. 

What are the payment methods and withdrawal/deposit limits?

To use services of Crypto Genius, a trader needs to deposit a minimum amount of $250 in the trading interface of the robot. To deposit, the methods available include Mastercard, Visa, Skrill, Neteller, and PayPal.

The robot does not place any limits on withdrawals and a trader may withdraw whenever they want. The withdrawal amount is directly credited into your bank account and may take 24-48 hours. 

Are there any costs and fees involved?

Not directly with Crypto Genius. The trading robot’s platform states that there are no fees or hidden commissions involved in using its services. But, although not stated, you will be required to pay a charge towards each trade that you carry out on the broker’s platform. 

How do I get paid? What about payouts?

Payouts are carried out from the trading dashboard. You have to fill a form and submit a request for a withdrawal amount. The withdrawal gets directly transferred to your bank account. Please note that for carrying out payouts, you have to fill your bank details and submit relevant proof of ID.

What is the registration and verification process?

The process of registration is easy and fast. For registering as a member on Crypto Genius, simply fill out the signup form with basic details including your name, phone number, email address, and country of residence. A verification link will be sent to your email address and contact number. Once you approve, you can access the trading dashboard.

The associated broker platforms will then require you to complete KYC and AML processes in order to start trading. At present, the services of this robot are not available in all countries, and you may be told after signing up that trading is not available in your location. 

What is their customer service like?

Crypto Genius offers 24/7 customer service to its users. Before registering, you have the options of live chat and contact form. However, our team could not get any attendee to respond on live chat. After registration, you can get in touch with their customer service through email, phone number, and live chat. 

Is Crypto Genius legit?

Crypto Genius does offer automated trading services in cryptocurrency, forex, commodities, and indices using a set of indicators, algorithms, and technology. However, contrary to the statements on its official website, a trader cannot generate a profit of $1000 daily without any trading knowledge or efforts. 

Its official platform also claims that Crypto Genius’ software has won trading awards from the US Trading Association. However, our team could not find any evidence behind it and it seems this is a fake marketing promotion – as also seems to be the platform’s supposed 99.4% accuracy.

Experienced traders should also not solely depend on the robot. They can access the robot to use its services of manual trading and backtesting.

It has often been reported that The Crypto Genius has been publicised either by famous celebrities or on popular television shows. We looked into these claims and could find no evidence that any of them are true. Below are some quick fact checks on the most prominent names that have been associated with the platform and the validity of these assertions.

Other notable figures and programmes have been mentioned as using or promoting the robot, but these are the three most commonly referenced.

Is it true that Olav Thon endorsed The Crypto Genius?

No, it is not true that Olav Thon has endorsed the platform. Olav Thon is one of the richest men in the world, having built a fortune of over $5 billion through his real estate empire. There are no heirs to Mr Thon’s fortune, and he plans to put all his money into a charitable foundation for medical research.

Fact check: False. We have investigated the claim that Olav Thon endorsed The Crypto Genius and found it to be untrue. 

Does Mike Hosking use the The Crypto Genius website?

There is no evidence that Mike Hosking has ever used The Crypto Genius. Mike Hosking is a prominent radio and TV presenter in New Zealand, and hosts “The Mike Hosking Breakfast” every weekday morning on NewstalkZB.

Fact check: False. Despite rumours online, it does not appear that Mike Hosking has ever used or publicly spoken about The Crypto Genius.

We could find no reliable information that Patrick Mostepe has ever spoken about The Crypto Genius. Patrick Mostepe is one South Africa’s richest men, having made billions of dollars in the mining industry since founding African Rainbow Minerals in the early 21st century. He is also the owner of the Mamelodi Sundowns, a South African professional football club.

Fact check: False. Patrick Mostepe has never publicly mentioned The Crypto Genius, in either a positive or negative manner.

How to trade with Crypto Genius

Crypto Genius has a user-friendly trading dashboard on which you can access different options from the control panel. From the dashboard, you can also view all your open trades, your winning trades, and your profits. The dashboard also incorporates the broker’s platform on which your trades are placed. You can initiate a withdrawal request or deposit amount by clicking on the broker. 

The trading interface further gives you the option to switch between a demo account and live trading account. You can use the demo account to understand the schematics of trading as well as autotrading with a robot. 

To access the cryptocurrency robot services, here are the steps for opening an account:

How to open an account with Crypto Genius

  • Step 1: Registration. To register for Crypto Genius’ services, click here. You will be required to fill in form with your basic details of name, email address, phone number, and country of residence. Verification links will be sent to your email address and phone number. You can register and become a verified member within 30 minutes.
  • Step 2: Deposit Funds. A minimum deposit of $250 needs to be made in order to begin autotrading. Alternatively, you can also use the demo account feature from the trading dashboard to familiarise with trading on Crypto Genius.   
  • Step 3: Trade. A trader can either simply turn on the autotrading option through the dashboard or opt for manual trading. With autotrading, the robot finds potential opportunities and execute trades on your behalf. An expert trader can opt for manual trading and enter trading conditions of opening or closing a trade in a particular asset.

Our top robot trading tips for beginners

A beginner should understand cryptocurrency trading space before trading, even with a robot. You should also not rely on the claims made by the robot and instead, carry your own research and due diligence before beginning to trade. Here are some of the tips that should be taken into consideration before using a robot for cryptocurrency trading. 

  1. Familiarise yourself with trading. A beginner should understand how cryptocurrency investments work. You must research different risk mitigation strategies including how to set stop loss and daily trades to minimise losses.  
  2. Understand cryptocurrency space. Never invest in a market you don’t understand. Trading within the cryptocurrency space is still relatively new. The prices are susceptible to volatility and even a small difference in prices can result in huge losses with leveraged trading. 
  3. Start with a demo account. It is advisable to start trading on a demo account first. This way you get familiar with crypto trading and also with the robot without risking your capital.
  4. Start small and build gradually. Start trading in small amounts rather than going big the first time. Build your trading portfolio one step at a time.   
  5. Only invest what you can afford to lose. Remember that the claims that users make $1,000s a day with Crypto Genius are completely unverified. There are no ‘sure things’ when it comes to trading. Trade carefully and gradually.  

Conclusion

Crypto Genius facilitates automated and manual trading in cryptocurrency, forex, commodities, and indices, but the trading bot has mixed reviews on external sources. While the robot provides automated trading services, a trader should not be only dependent on the robot with the intention of generating thousands in profits. 

The robot also uses deceptive marketing techniques. Claims of affiliations with celebrities, or having won investment awards are wholly untrue. In addition to this, the testimonials of users who have generated fortunes in a short space of time are very hard to believe and should be treated as such. 

Experts can use the manual trading option of Crypto Genius. This enables them to execute trades at a faster rate and without the need for constant monitoring of market conditions. However, even expert traders are advised to carefully invest and research on various features of the robot before selecting it. 

Overall, do not solely rely on the cryptocurrency robot and instead carry your own due diligence. 

FAQs

Is Crypto Genius legitimate or not?
Is it easy to open a Crypto Genius account?
Can I withdraw cryptocurrency from Crypto Genius?
Is Crypto Genius an MLM or Affiliate scam?
Does Crypto Genius really work as described?
How much does it cost to use Crypto Genius?
How do I delete my Crypto Genius account?
Who owns Crypto Genius?

Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Pooja Kadia
Financial writer
Pooja has worked with more than 120 crypto and blockchain companies along with being the founder of her educational blog, Cryptochain Sphere. When she is not… read more.

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