Welcome to my review of Cryptotab. This review will ultimately answer two questions; what is cryptob.com and can you REALLY earn money using the program?
I will let you know up front, that I personally use Cryptotab and have been doing so for about six weeks. This review will be from my personal experience and I will give you the facts as I know them.
I do not know what your ultimate decision will be regarding Cryptotab, but I will tell you this; you have nothing to lose by downloading and trying. Why? Because it is absolutely FREE. It costs you nothing to install and you will begin to immediately earn small amounts of Bitcoin.
However, my objective is to deliver to you the Pros and Cons of Cryptotab so you can make an informed decision.
The Basics – A 10,000 Foot View of Cryptocurrency
If you are reviewing this post, you probably have some idea of what cryptocurrency is. However, this particualar article is written with the assumption you are new to the cryptocurrency world and just had a friend tell you of a website that allows you to collect Bitcoin.
I will keep this very simple.
What is Cryptocurrency?
Cryptocurrency (crypto) is essentially a digital asset or digital money. Unlike holding a coin in your hand that you can see and touch, a digital asset only exists on the internet. It is not backed by a tangible substance such as gold. Many people have a problem dealing with this concept.
If you can’t wrap your mind around that, then crypto is not for you! But if you are ready to explore a new frontier, then read on.
Just as you can buy and sell stocks, the same is true of a crypto. There are currently over 18,000 markets (Binance, Bittrex, KuCoin) that trade various cryptocurrencies.
It is traded by the use of cryptography, which acts as a “middle man” to solve complex and complicated codes to securely exchange and verify important financial transactions. These transactions occur though a network of computers, not associated with one single entity (individual or group).
There are currently over 2,200 different cryptocurrencies to trade and mine.
What is Mining?
In World War II, each nation sent secret codes to their agents. These codes were meaningless unless the proper document or item was used to interpret the code. Nations spent vast amount of resources to “break the code” of another nation.
With crypto, specialized computer hardware is needed to solve complicated mathematical problems with cryptographic hash functions found in a block. There are many cryptocurrency miners who are working to “break the code”.
The first miner to do so is rewarded with a small amount of crypto.
In VERY basic terms, that’s what crypto mining is.
As Cryptotab only mines Bitcoin, let’s take a moment to look at Bitcoin.
What Is Bitcoin?
Wikipedia has a thorough explanation of Bitcoin and advises that Bitcoin registered in 2008. Several months later the first paper was published by Satoshi Nakamoto, the founder/creator, which identified Bitcoin as a peer to peer electronic cash system. Today, the identity of Satoshi Nakamoto is still unknown.
The first real-world transaction to occur with Bitcoin occurred in Florida when two pizza’s were purchased for approximately 10,000 Bitcoin. At the time of this publishing, Bitcoin is valued at $8535.00 per Bitcoin. That’s right! $85 million dollars for two pizzas!
Today, according to Coin Market Cap, the current market cap of Bitcoin is over $152 Billion and dominates over 55% of cryptocurrency trades. Bitcoin futures can currently be traded at TD Ameritrade and the Nasdaq is said to be begin sponsoring Bitcoin futures in 2019.
There are also many options for investing in an Individual Retirment Account (IRA) using Bitcoin.
There is no doubt that Bitcoin is becoming more recognizable and acceptable.
Cryptotab is simply another internet browser that claims to have speeds up to 8x faster than Google Chrome; just with a twist. If you like and are familiar with Google Chrome, you will be right at home with Cryptotab as it has has the same general appearance and functionality. It can be added as an independent browser or as an extension.
Here is the twist. If you decide to install Cryptotab, you first need to activate the mining feature by simply moving the slider bar to the right. (The slider bar is located at the top left of the page.)
When the browser is open, Cryptotab will automatically mine for and start earning Bitcoin. Your personal earnings are updated every few minutes and you will see your earnings in both Bitcoin and in US dollars. It really is that simple! And in a nutshell, that is the concept behind Cryptotab.
However, if the browser is closed you will not earn anything! So if your computer is set to idle or sleep after a certain time frame, your browser also goes to sleep and no mining occurs.
So if you ultimately decide to use Cryptotab and want to have any hope of earning anything, you need to go to the System Setting on your computer and change the sleep mode to Never. Without this step, don’t plan on earning much at all. In my opinion, without setting the sleep mode to Never, it is not even worth installing Cryptotab.
I do not personally use Cryptotab in any manner except to mine Bitcoin. I use Google Chrome for all my searches. Why? Let’s just say I have a skeptical side.
So How Much Money Can You Earn?
It depends. (Just the answer you were hoping for, right?)
Can you earn REAL money using Cryptotab? Yes. Can you REALLY earn money using Cryptotab? Not really.
Let me explain.
There are two paths you can choose with Cryptotab; Individual or Multi-Level.
Yes. There is a multi-level marketing feature with Cryptotab. However, I personally have made enough enemies over the years by trying to convince others to be a part of some program or other. I don’t take the approach of sharing this with friends, family, or co-workers, but I will show you below how I market.
The Individual Approach – Real Example
You can download Cryptotab, turn it on, walk away from your computer and check in once a month to see how much (or how little) you earned. You will earn small amounts of Bitcoin (as long as your computer is awake). I downloaded Cryptotab on April 16, 2019 and have had it running 24/7 since. It has been six weeks and here are my actual earnings.
The left box shows what I have mined individually. $1.066 is my total earning (US dollars) in six weeks which averages to approximately 17.7 cents per week and a little over 2.5 cents per day. Look at me raking in the money!
But let me ask you this question. If you put ZERO MONEY in your bank account or investment account, how much money would you be earning? That’s right. ZERO! Hmmmm. I guess it is a matter of perspective.
Speaking of perspective, my personal bank currently offers .01% for a savings account. To earn 2.5 cents per day in interest, the beginning balance would need to be $91,250.00 (US dollars).
If you are concerned about any loss of money, then this individual approach is truly the only option for you.
The Multi-Level Approach – Real Example
This aspect is not for everyone so if the term multi-level makes you vomit, please skip to the next section.
As I mentioned above, I have only personally discussed Cryptotab with two other people and they did not load the browser. However, the center box (above) shows that I have earned $3.407 (US dollars) from other affiliates. Combined with my personal mining, the grand total of my earnings is $4.473 (US dollars)!
The second piece of information shown in the center box is my total affiliate count of 1,193. So how did I get so many affiliates?
The only chance you have of truly promoting your link is if you utilize a link promotion service such as Adf.ly or ClixCoin.in. This service is where ALL of my affiliates have come from. I personally use Adf.ly which requires a PayPal account to use as compared to ClixCoin.in which accepts Bitcoin. In order to earn more, you are going to have to treat this as a business venture and sink money in to advertising your link. When I run a campaign, I will do so for a week or two and spend about $5.00 per day. You will need to accumulate approximately 10,000 referrals to see your cumulative mining results blossom. That is going to take time and money to achieve those results.
NOTE: Not everyone who downloads Cryptotab uses the browser. I have had as few as five (5) affiliates mining at one time and as many as eighty (80).
Cryptotab’s Affiliate Program
When you load Cryptotab, you are automatically assigned an affiliate link with many forms of advertisements. Your link can be shared with others via social media. If anyone selects the link and downloads the browser, that person is considered your 1st level affiliate. As the chart on the left shows, Cryptotab pays for all affiliates in your organization up to 10 levels deep. Approximately 37% is paid out to affiliates.
Is the money really coming from mining? Supposedly, but no one knows for sure.
So how can accurate percentages be proven? They can’t.
As your Bitcoin accumulation grows, my recommendation is to transfer your earnings to a desktop wallet or your active trading exchange. You need .00001 Bitcoin or, at todays rate, approximately 8.6 cents before you can made a transfer. PLUS, there is a transaction fee for EVERY transfer you make, whether into or out of a wallet or exchange.
What is a wallet?
As Bitcoin is a digital currency, it can’t be simply transferred to your bank account. You will need to transfer any Bitcoin you earn to a central location, similar to cashing a paycheck and putting the cash in your wallet. Just as an actual paper paycheck is useless to purchase an item with until you deposit the check in the bank, the same is similar for Bitcoin.
Earnings on Cryptotab need to be transferred to a platform to make them useable. In the simplest terms, a wallet essentially acts as a centralized depository or “storage container” for your digital assets.
If you are using a wallet only (Electrum, Exodus, Copay, Armory) you will still need to transfer Bitcoin to an exchange to trade, buy, or sell. Think of a cryptocurrency exchange as a stock trading platform like TD Ameritrade, E Trade, or Fidelity, except it is only for digital assets.
Some wallets have also combined an exchange feature (Coinbase, Circle, Blockchain, Stongcoin).
You have to have a Bitcoin wallet or you WILL NOT be able to transfer your Bitcoin earnings out of Cryptotab!
Who Owns Cryptotab
Quick answer. No one knows! Well, someone knows but it is being kept very quiet.
That definitely raises a red flag.
The only contact information for the company are three email addresses: email@example.com, firstname.lastname@example.org, or email@example.com.
Conclusion: Is Cryptotab Legitimate Or A Scam
My truthful answer is, I don’t know. I’m sure this was not the answer you were looking for.
I personally invest in multiple different cryptos, using different wallets and markets. A well balanced portfolio you might say. As Bitcoin becomes more popular and recognized, it is something that must be considered. And Cryptotab is a good way to be introduced to the concept of crypto in general, and Bitcoin specifically.
- Easy to install
- Has familiarity of Chrome
- Start earning Bitcoin immediately
- Payouts are proven
- Potential for large returns with marketing
- Computer must always be on to mine
- Mulit-level marketing (many view as negative)
- Supposedly earned Bitcoin comes from mining
- Owner are unknown
- Limited contact information
Now you can certainly use Cryptotab to earn similar to the return on a savings accout. But maybe you came across this website looking for ways to earn more money while working comfortably from home. There is plenty of options available without the multi-level aspect of recruiting.
Whatever you decide regarding Cryptotab, I sincerely hope you found this review helpful.
While it is true that most people fail to make money online, don’t let that discourage you from looking…and from succeeding. There is plenty of extra income to be made from working online.
If you are looking for a way to earn extra money from the comfort of home and are interested in long term cash flow, you should checkout my #1 personal recommendation.