ArbiSmart Scam or Safe? [Review 2022]
Published: January 13, 2021 by Andrew
In the race to invest in Cryptocurrencies there is a new system that is making itself known by investors around the world: cryptocurrency arbitrage, of which ArbiSmart is an excellent representative.
But what is it, Is it legal? Is it serious or is it the usual scam?
It is not easy to answer these questions but in the course of our review on ArbiSmart we will try to clarify any doubts and provide you with all the information you are looking for.
On the web, it is easy to run into an illegal, unlicensed website or even a real scam. Many of the latter are well hidden and you have to be a real expert to unmask them!
But let’s not waste any more time and try to delve into the world of cryptocurrency arbitrage and more precisely of ArbiSmart.
Before continuing, it is fair to tell you that if you want to make investments in cryptocurrencies, even automatic ones, eToro is certainly the wisest choice. Below we leave you with a list of safe and regulated brokers, to be used as an alternative to Arbismart:
Min. Deposit: 50€
Min. Deposit: 100€
Min. Deposit: 50€
Min. Deposit: 250€
Min. Deposit: 100€
Min. Deposit: 250€
What is ArbiSmart?
ArbiSmart is a website that offers cryptocurrency arbitrage, so to explain what ArbiSmart is, we will describe what cryptocurrency arbitrage is.
Arbitrage is a trading strategy that involves the purchase of an asset on a market where it is cheaper, and the simultaneous sale of the same asset in a market where it is more expensive.
If we bring this concept to the world of cryptocurrency trading, it is about buying a crypto on an exchange where it costs less and immediately reselling it in another where it costs more.
An automatic arbitrage system, the one proposed by ArbiSmart, does just that, in an automated and continuous way.
A software constantly searches for these cryptocurrency price differentials and operates quickly and completely autonomously.
But is this a safe way to invest or should we worry about something?
Continue with our review and you will understand better what to worry about.
Safe alternatives to ArbiSmart
Let’s start by saying that ArbiSmart does not seem like a scam, we remain cautious with our statements because we have no certainty about it.
It does not have the characteristics of the usual scams that allow you to invest in Bitcoin promising you incredible, unrealistic returns, we are talking about sites with very similar names: Bitcoin Profit, Bitcoin Superstar, Bitcoin System, etc.
On the other hand, this company is based in the European Union and precisely in Tallin, Estonia. It is certainly not the “safest” country but it still respects EU regulations, or at least it should …
If you are looking for a way to invest in cryptocurrencies that is legal, safe and automated, we have an alternative to offer you: CFD Brokers.
Not all of them offer automated trading systems but we offer you the absolute best, the market leader: eToro.
eToro and the automated investments
It is not easy to reconcile security, reliability and automatic returns, especially in the world of cryptocurrencies, but eToro has managed to reconcile these aspects under a “single roof”.
eToro is the most popular trading broker in the world, has over 10 million members and has a large number of authorizations.
With this Broker, of course, you can also trade “manually” by using its great operating platform, which allows you to trade in Indices, Stocks, Commodities, etc. aiming both up and down, without paying commissions.
But the system that makes it a valid alternative to ArbiSmart is called Copy Trading and it is totally automatic.
This tool, which eToro has patented, allows you to copy the operations of the best traders in the world (chosen by you on eToro), in a totally automatic way and without additional costs.
Let’s see how Copy Trading works:
- Register for free on eToro
- Log into your Demo or Real account (by depositing a minimum of € 200)
- Select the traders you want to copy among the best available on eToro.
The software will copy all their trades on the market, in a free and fully automated way. Do you want to know how much Copy Trading makes? It depends on which trader you choose, here are some examples:
Click here and choose the traders to copy
To optimize returns we advise you to select at least 5/6 traders and copy them, diversification is essential in investments, don’t forget it!Click here to register for free on eToro
Is ArbiSmart a scam?
As mentioned above, ArbiSmart does not seem like a scam but let’s try to understand who is behind the website:
The company is called Arbismart OU, and is regulated by the Financial Intelligence Unit (“FIU”) in Estonia with a license number FVT000353.
The registered office is in Harju maakond, Tallinn, Kesklinna linnaosa, Pärnu mnt 158/2, 11317, Estonia. The operational offices are located in Tornimäe 5, 10145 Tallinn, Estonia.
In our opinion, ArbiSmart is not a scam, on the websites of the control bodies we have not found any reports about it.
Let’s say that while it’s not a real scam, it’s not a reliable site either. What does this mean?
Well it means that in the unfortunate event that you have problems with ArbiSmart, if by chance you are unable to regain possession of your money, it will not be easy to file a lawsuit in Estonia without the support of the regulatory bodies.
How does ArbiSmart work?
Now that we have explained to you what ArbiSmart is and we have proposed a safer and more regulated alternative, it is also right to show you how this arbitrage site works.
The system is quite simple and intuitive:
- After registering on the ArbiSmart website
- You will need to deposit money in Euros or directly in cryptocurrencies on the system
- At this point you can invest it in the arbitrage system
Simple right? ArbiSmart also offers a calculator to simulate the return on your investment and make an estimate of the return based on the amount invested and duration.
Ok but, is it safe to invest with?
It is not for us to say, in principle, since there is a safe alternative, we recommend that you evaluate it carefully before depositing your money on ArbiSmart.
Buying cryptocurrencies can in itself be a risky operation, but doing it on a site that is not fully regulated increases this risk enormously.
In addition, ArbiSmart uses numerous cryptocurrency exchanges and these sites are not completely safe, many have suffered serious cyber attacks and therefore ArbiSmart could also risk being stolen in the future, be very careful.
ArbiSmart review and opinions
As with any service or product, it is common to read reviews before investing. Better if they are the opinions of real users who really use the service in question.
For ArbiSmart we went in search of the reviews and opinions that can be found online on this site, so as to help you have a broader judgment.
In general, the opinions we have read are positive but this does not reassure us completely.
To better understand the reason for so much concern, we give you an example:
One of the largest cryptocurrency exchanges in the world, called MtGox, went bankrupt in 2014 and was handling around 70% of all Bitcoin transactions in the world before it went bankrupt. If you read the reviews on MtGox up to 2013 they are positive, they called it an excellent exchange, but out of the blue it went bankrupt and as it was not regulated, investors lost all their money.
It was not our intention to scare you (indeed a little bit yes) but this example makes you understand that the reviews do not demonstrate the safety of a trading site, so read them with a certain detachment.
What do users say about ArbiSmart?
We went to Trustpilot, the world’s leading online review site, and reported some of the reviews, both positive and negative, so you can complete your ArbiSmart review.
Matteo Cusenza leaves 4 stars out of 5:
The service seems too good to be true, I will give 5 stars when in 1 year it will be possible to buy and sell the RBIS token on exchanges and understand if the value they attribute to it at this moment is real: TO BE REVIEWED
Stefan Graupner leaves 1 stare out of 5:
If you invest money in Arbismart tokens, you no longer have any disposition power over your investment. The reason is that the token cannot be exchanged freely and Arbismart does not buy it back at any time.
It is questionable whether they do, because I was unable to make an appointment when I asked for it. You look in vain for a contact on the site, but you can’t find out who is behind it, I’m doubtful!
Therefore caution is advised and you should better invest your money elsewhere! I hope that all is not lost and that the operators do not move to Russia …
Lasse Andersen leaves 1 star out of 5:
I hope for a refund! I am currently in contact with their customer service to get my money back as I regretted my investment. Arbismart says it is not obliged to repay my investments, but according to EU rules, you basically have 14 days to cancel the purchase. This is documented in “Financial Services Distance Marketing: Consumer Protection” Of course I will change my rating as soon as my refund is completed. Hope we can find a reasonable solution for the refund. in relation to their buyback program I have some questions. 1. when this happens 2. You will buy back 100 percent of your precious tokens. 3. If you buy back your tokens again, why not refund my purchase? Will this save you from buying back my bonus chips? I appreciate that we have a dialogue in an open forum, so that transparency is present. Yet! If you can refund me you will clearly get five stars from me.
This latest review dates back to over a month ago, the judgment remains negative, which means that Mr. Lasse has not received any refund.
This user rightly mentions the 14 days to “think again” when making an online purchase, but ArbiSmart does not seem to agree.
This paragraph concerns the possibility of obtaining a refund from ArbiSmart in case you feel “scammed”.
This procedure that we illustrate is not at all easy, but it still deserves to be tried, because it is probably the only chance to get your money back.
We are not saying that ArbiSmart is a scam, but if you have any problems with this website, you can follow these steps.
The method illustrated is called ChargeBack and is a fraud protection system offered by credit card operators.
First of all you must know that to attempt this refund procedure you must have made your deposit on ArbiSmart by credit card.
If so, here are the steps you need to follow to start the ChargeBack:
- Contact the ArbiSmart assistance service and try to get the explanations in writing on why they are not returning your money, they are used for the complaint.
- Report the scam to the Police
- Ask the bank or the credit card manager for the ChargeBack.
- Follow the bureaucratic process, wait patiently and hope for the best.
Ultimately ArbiSmart is in a limbo between totally regular and licensed systems like eToro and trading scams like Usi Tech, or Wewe Global.
In our review we explained how it works and what the risks are in using this platform, we have also proposed a much safer alternative but the choice is yours alone.
If you prefer to reduce risks and focus on a regulated system also authorized by CONSOB, eToro’s Copy Trading is perfect for you. Try its Demo, using only virtual money, without risk. So you can test the validity of the system and when you are convinced, switching to real investments will be quick and easy.Try the eToro Demo account by clicking here
We cannot say yes, there are mixed opinions.
No, we didn’t find any reports from the supervisory bodies.
ArbiSmart is based in Tallin in Estonia.
To make automatic investments in cryptocurrencies it is best to use eToro’s Copy Trading.