Cryptometer is a cryptocurrency trading platform that claims to let you profit from arbitrage trading occasions in the crypto market. Using this platform, you can trade in 18 crypto assets and keep a close eye on the top crypto exchanges.
We don’t know much about the company selling this platform, apart from its name, Cindicator. It was founded in 2015 but we don’t know anything about what the team has done since then. The vendor has not provided any official address on the website, but we know it is based somewhere in New York. We have the email address for the support team and the links to several social media accounts.
On the official website, the vendor has explained in brief how the system functions. We have a list of all the main features, but apart from that, there is not much information provided. There are separate tabs where you can find out about the security features and the team members. On the blog section, you can find several crypto-related articles.
Cryptometer keeps its eye on the major exchanges and tries to determine when the prices differ from each other. It is able to monitor 5 exchanges simultaneously, and you have the option of choosing which exchanges and assets need to be tracked.
Once the robot detects a trading opportunity, you receive a notification containing all the relevant information about the asset, the price difference, and the exchange. Cryptometer sends you notifications on triangular as well as regular arbitrage trading occasions. You receive volume and price alerts for different assets like ETH, BTC, XRP, XMR, NEO, LTC, DASH, and BCH. These assets can have different thresholds.
This platform lets you monitor the prices of crypto coins on exchanges like Binance, GDAX, Bitfinex, Kraken, and Poloniex. When the top transactions in the market take place, the Cryptometer immediately sends you a notification, so you know about the major movements.
There is a general dearth of information on the website. Thus, we know nothing about the monthly returns or the withdrawal and deposit details. The vendor has not even mentioned how much money is needed to get started with this platform.
The idea behind Cryptometer
Every reputable company needs to have a motto or a vision for the future. Potential buyers often look for this information because it tells them that the company is run by people who have a dream and they are not merely trying to sell their product. Unfortunately, there is no such information available for Cryptometer.
The core team
The Cryptometer team consists of 30 full-time members working from nine different countries. Mike Brusov is the co-founder and CEO, while CTO duties are handled by co-founder Yuri Lobyntsev. Members of the executive board include Nodari Kolmakhidze, Tatyana Tangisheva, Vlad Kazakov, Oleg Koreev, and Nikita Vaganov.
Safety of Cryptometer and the network
The company does not sell user data to third-party organizations. It has a team of security specialists and uses the least privilege principle for the access management processes. The vendor claims that the company takes great care to ensure the security of the platform, but does not elaborate on the security features. This makes us think that Cryptometer lacks some of the more advanced safety features you can get with other crypto trading software.
There is a statement on the website which says that the vendor no longer provides support for Cryptometer. It seems the automated crypto trading system of Cindicator has been shifted to a new platform called Stoic. This is yet another reason not to invest in the platform because for a beginner, it is difficult to trade with a system for which there is no customer support.
There are no user reviews for Cryptometer on third-party websites. This indicates a lack of reputation. Since no support is provided for the platform right now, it is not surprising that traders don’t want to invest in it.
Is Cryptometer a legit investment service?
Our verdictOur verdict
- Monitors 5 exchanges
- Lack of advanced security features
- Support is not provided
- Lack of user reviews