Crypnik (crypnik.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: crypnik.com.
The only good thing about Crypnik (crypnik.com) is that they remind you why regulation matters. I found them from a blog post comparing services. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Customizable dashboard|No hidden fees
Cons: Charting tools need more indicators|Account statements could be more detailed
I closed a profitable position at Crypnik (crypnik.com) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Full transparency|Professional team
Cons: No dark mode on mobile|No crypto staking
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Crypnik (crypnik.com) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Helpful community forum|Personal attention
Cons: No phone support on weekends|Account statements could be more detailed
The mobile app from Crypnik (crypnik.com) is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Fast execution|Portfolio tracking tools
Cons: Slow to add new assets
I opened an account with Crypnik (crypnik.com) for the past year and a half ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Automated trading options|Dividend tracking
Cons: None so far
I have been trying to close my account with Crypnik (crypnik.com) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Detailed reporting|Automated trading options|Fast support response
Cons: Could offer more webinars|Help articles are sometimes vague
I had high hopes for Crypnik (crypnik.com) from a review site like this one, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Helpful community forum|Dividend tracking|Transparent fees|Economic calendar
Cons: Would like more payment methods
I gave Crypnik (crypnik.com) a fair chance. After for close to eighteen months of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: API access|Quick verification
Cons: Inactivity fee applies after 12 months
I trusted Crypnik (crypnik.com) with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Full transparency|Quick verification|Detailed reporting|Fast support response
Cons: Onboarding videos are outdated
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Crypnik (crypnik.com) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Transparent fees|Economic calendar|Fast deposits
Cons: Charting tools need more indicators|No fractional shares