GoArbit

The GoArbit app is a financial platform focused on arbitrage, mining, and trading that invites us to invest in cryptocurrencies from a mobile phone.

A fintech for investing in cryptocurrencies

GoArbit is a finance app developed by a fintech company specializing in investing in cryptocurrencies. The suggestion to the users or investors is to rent cryptocurrencies (Bitcoin or Ethereum) so that the platform managers can use the assets to make investments and get a return in exchange for the invested capital.

Invest or rent cryptocurrencies

It has three main functions: mining, trading and arbitrage. However, users basically have to register and use their capital to “rent” the cryptocurrencies needed to carry out transactions. Also, the platform gives us multiple opportunities to earn additional profits.

Now that we know how it works, it's time to ask the question: is it safe to invest through this app? According to the developers, downloading the APK file of this app will give us access to an automatic, profitable, and safe investment tool. But every investment comes with risks and on top of that, there is a significant surcharge for both activation of the gold program and withdrawals.

So all that glitters is not gold. Also, the platform has some access issues that don't help to boost investor confidence.

Requirements and further information:

• Minimum operating system requirements: Android 7.0.