cryptonomy.finance

If it seems too good to be true, it probably isn't

As many others have said due to their actual experiences, this is a very dodgy company and should not be trusted The website looks and says all the right things without giving any real information i.e. naming any actual companies/startups they are investing in or even which country Cryptonomy are based in. I have been investing in Crypto for a number of years now (should have known better) and am fairly experienced but I was tempted into trying the site by the supposed returns, as the old adage goes 'if it seems too good to be true, it probably isnt'. Fortunately I only transferred 0.999 XRP to my wallet, as we know moving XRP on the XRP network only costs 0.001 XRP. I left this sitting there for a couple of weeks and after doing some proper research on the company and finding these terrible reviews on Trustpilot I decided to withdraw my 0.999 XRP, I couldn't do that as it says the minimum withdrawal is 20.41185 XRP for which there would be a 0.92781 XRP fee for doing so, roughly a 5% charge. NO OTHER crypto platform I have ever used to move XRP has ever charged a fee, let alone set a minimum amount. As said before this this is virtually free on the XRP ledger, it should be only 0.001 XRP for moving any amount of XRP. I will try their support to get this back and update later, we will see. Edit. Tried their online support and was told abruptly that they would not change their minimum withdrawal amount or fee for doing so. Edit in reply to Cryptonomy. You say the conditions relating to minimum/withdrawal/limits fees are transparent, they are not. Just read through your terms and conditions from point 1 to 17 and there is no mention at all of this. Further having read these T&C's I wouldn't touch this platform with a bargepole, for instance '5.13 Cryptonomy is entitled to make deductions from Your Account in order to perform Your obligations to make payments for any Cryptonomy applicable product, including the payment of Cryptonomy commission fees, available for review here.' and others like this make it so you can do what you will, whenever and how you wish with no recourse to/for the account holder.You say our platform operates differently from 'direct blockchain transactions', oh really yet it looks and feels like many other crypto exchanges/wallets but isn't. All of your advertising is related to different aspects of the crypto industry but you dont want to use the same standards.I do not pay a fee on any exchange/platform for withdrawing or sending any crypto except for the blockchain fee itself.You say 'we have already submitted a request for your contact information', you already have my email address and I have already been told by your customer support that I will not be getting back my initial/test deposit. If you change your mind about 'allowing' the withdrawal of my XRP, I'll add that in any future edit. Thanks.

Date of experience: Mar 01, 2025