Anon System: Silver bullet or a fraud?

Anon System Review. A Quick Summary.

Description: Can you do crypto without any financial market knowledge by simply using trading bots such as Anon System? This Anon System review is making it all clear! 

Bitcoins are making millionaires. Bitcoin is a fraud. The world seems to see all cryptocurrencies in this dichotomy. There is a hidden danger in things that are all the buzz but not really understood.

Cryptocurrencies have breached the floodgates of institutional adoption. The hawkish stance of state regulators, government institutions, and the financial sector proclaimed bitcoin and similar currencies a fraud. Nowadays, swarming to over 100 million users, it is viewed in a new light.

Banks, governments, and financial institutions seem to enter the world of crypto. Bitcoin is now seen as an alternative store of value, much like digital gold. However, with the rise of decentralized finances, alternative banking, and the birth of new economies, bitcoin is getting attention from seasoned investors and professional traders.

There is money to be made in crypto, that’s clear. How exactly, that’s not always easy to understand. Masses connect crypto with the glitz and glamour of tech-wizards and entrepreneurs, like Bill Gates and Elon Musk. 

Indeed, whenever there is a piece of news involving cryptocurrencies in traditional media, bitcoins are connected to blockchain startups, biz wizards, and hackers. What common people know is that somehow, somewhere, someone is making loads of wealth with bitcoin.

Thus it was a smart marketing move to name the crypto trading platform Anon System, as it brings the flavor of something powerful, secretive, technologically cutting edge. Decentralized blockchain technologies are all about privacy, so the Anon System is an apt name for something dealing with bitcoin. Something brave and bold, defying the institutions, something working for the Little Man, placing financial stability in the hands of simple folks, like you and me.

Yet, is Anon System Bot legit? Is this free-to-use bot truly capable of making it easier for newbies to trade and earn from crypto? Are the platform’s bold claims backed up with concrete evidence and can it live up to users’ expectations? This Anon System review is putting the system’s effectiveness on display so you can make an informed decision about whether putting your trust in it is in your best interest. 

Anon System Review

What is the Anon System? Actually, it’s not really explained in clear layman terms on the homepage. It is only implied that Anon System is some sort of trading system where investors can deal with cryptocurrency, assets, CFD, and Forex trading.

The first juicy section of the homepage appeals to everyone’s desire to secure some semblance of privacy in the world where Big Brother is obviously watching us. It seems from the description that Anon System is some sort of framework used to make your transactions secure and safe from the government and financial institutions.

The next passage explains why there are no hidden fees, no charges, and no commissions. It sounds like some rogue, maverick, anarchist group delivering free service to the working class. There is a sense of rebellious spirit, sticking it to the Man if you join up.

How Anon System works? In an ideal world, this crypto trading robot would be able to employ a variety of crypto trading strategies to maximize users’ investments. The tool’s AI predict feature would automatically set buy and sell orders, which would amplify your profits, and rinse and repeat the process. If only it was that easy… 

The Anon System platform seems to be, though it is never clearly stated, a crypto exchange of some sort as well, offering to trade in cryptocurrencies (probably spot trading), but also assets trade, CFD trade, and Forex.

Crypto CFD trading is actually a form of betting. You don’t have to own cryptocurrency, but you can bet on the price going up or down and open long or short positions. It is very much similar to trading futures. CFD trading seems very simple, as with the right guess you make a profit, and if not, you lose your bet.

When it comes to withdrawal, Anon System claims that their users are able to withdraw anytime. Withdrawal requests are supposed to be processed and completed within a 24-hour timeframe. However, the truth is… As soon as you deposit funds into the website, your money will be long gone. Not only will you start losing money when trading but you’ll also not be able to withdraw what’s left from your trading account to your bank account. This is just the first red flag out of many. 

In the world of crypto frauds, a lot can be gleaned from the way less than reputable platforms copy each other’s style. The look and feel of the website, user interface, the promises made, the honest attempt to warn you of the risks, the same signup forms, and copy-paste paid reviews spewing forth a lot of explanations that boil down to the following.

A quick and fast registration process and onboarding is another red flag since most trustworthy crypto exchanges insist on several steps of verification. A low entry bar (a minimum deposit of $250 is required to start trading while, with real crypto exchanges, there are practically no limits and you can start with $1) and promises of high yields are other common red flags. 

There are no team details on the about us section and the only contact is through the form. There are no social media links either. All other crypto exchange platforms have an extensive presence on Telegram and Twitter, and their customer service is transparent and accessible.

Signup is done through name, email, and phone number, which is again, not the standard practice of respectable platforms. Scanning at TrustPilot reveals random fake reviews. The most obvious, almost hilarious is the one-star review which actually praises the app.

So, while never stating it on the actual website of the platform, it is revealed on Trustpilot and other review sites that Anon System is an automated trading system. While those do exist, they are still in their infancy. No cryptocurrency trading bot is reliable.

They are not true AI expert systems, but simple automation trading tools which are useful to those deeply invested in trading, those who understand technical analysis and market signals, and those who are patiently into long-game of investment.

Even then, the profits are not huge, as the real decadent yields are hiding in the deep end of decentralized finances and altcoins, not in the bitcoin trading. There are lending platforms and crypto savings accounts, but they typically yield anywhere from 4.8% to 12%, not the outrageous amounts that Anon System reviewers promise.

The Anon System’s live trading feature is there to lure users in by displaying potential big gains. It allows you to do trades just for practice to give you confidence about putting money into it and doing real trades. 

According to ScammerWatch, platforms like this one target pain points of inexperienced traders, unemployed or retired people, as well as people with full-time jobs, since these social groups are, typically, disappointed with the system and are looking for ways to become independent from the government and make money quickly. 

However, many people don’t know that this kind of demo trading account is programmed to display highly profitable trades only. And then, once you deposit funds, your actual trades would rarely be profitable and you’d end up losing money. 

Compared to similar fraudulent platforms, Bitcoin Champion and Bitcoin Circuit, Anon System’s website has a better copy but ultimately raises many red flags. Every legitimate crypto exchange transparently declares its fees. There are no frees, transaction exchanges cost nothing as well, and Anon System never explains how they make a profit if the is such a zero-fee policy involved. 

The lack of a mobile app is also giving off scammy vibes. Most reputable exchanges offer a mobile app (not only the biggest players on the cryptocurrency market but also regular local exchanges). Even the fake reviews report as one of the con arguments debatable ownership identity.

Summary

If you are looking to earn money in cryptocurrency trading, it is much safer to look elsewhere. For the newbie investors, it is a much better approach to take their funds to Coinbase or Binance, or another beginner-friendly platform. For those who just want to deposit their funds and see some yield, Celsius or BlockFi are the perfect solutions.

Any trader who has at least intermediate knowledge and experience will surely stay away from using the Anon System platform and seek their fortune on more reputable trading platforms, like KuCoin and Kraken. If you really want to trade cryptocurrencies and if you are interested in trading robots, try Pionex.