I’ve started a new review on this free Cryptocurrency Arbitrage service and to make things simple I’ve recorded a video to explain how it works.
Apparently it’s possible to double your money in 17 days with this, fully automated, so I’m keen to see how it does, although my gut instinct is telling me all may not be as it seems.
Have a look here:
And you can see the site here:
Just to provide some other evidence I have been with L7 since 28 August and so far they are paying as predicted. One thing I like is that they provide commentary on some of the attacks that have happened on the site (Cloudflare is not impervious apparently to some forms of attack) but all have been dealt with. It is true that there is little transparency about the owners so as mentioned treat as risky.
Even if this could be a “hype” type of website or a scam, the underlying business is something that is really done by many traders exploiting the unregulated field of crypto exchanges, so it’s very interesting. It would be nice if “L7 Trade” could show the transactions made on the various blockchains (bitcoin, ethereum etc.): transparency is one of the most positive characteristics of the crypto world.
Thanks as usual for finding these particular investment venues.
I registered and enabled 2FA. I transferred some BTC. I couldn’t complete KYC as it wouldn’t let me upload documents – internal server error. I tried numerous times without success. I raised a support ticket which didn’t answer my query. My 2FA disappeared and I was able to login without. I withdrew my BTC.
Maybe I’ll try again when the situation is clearer.
The 2FA apparently applies only to withdrawals, and not the login process.
Thanks for that. When I withdrew I needed to use 2FA. I don’t know why I didn’t think of that. My main problem at the moment is uploading documents. I have tried numerous times and it just tells me that an internal error has occurred and to try later. I’ve asked support several times but not received a solution. Has anybody got any ideas?
There is lots of recent comment across YouTube discussing whether this is a possible Ponzi scheme, and I was somewhat encouraged to see several contributors, who obviously know much more about crypto that I do, have researched the trading flows around L7 and these do appear to have a genuine flavour, with the patterns of blockchain activity matching other exchanges.
I was still concerned at the risk of sharing my ID with an unproven site though, and anyone who is held back by this should probably first read the news item of 10th June on the L7 site which indicates that verification is not mandatory for small balances, which are say less than 0.1 BTC or 3.3 ETH. I saw it too late to check if this still applies, but if someone could post here, it might help others to try this service out.
I deposited a balance in ETH, which yesterday was offering the poorest yields by far but today that has changed to the best, so with arb spreads presumably varying with individual coin volatility etc, it seems worth keeping an eye on this and switching between coins as necessary.
Thanks as always to Graham for flagging this interesting service up.
About the proof of activity on the various blockchains, as I asked for in my past comment and you mentioned today, is there a way to see them somewhere?