Klever Review – Relying On The Company’s Presentation Is a Bald Move

Klever Review

If you just follow blindly what this company presents you with, you might be in deep trouble. Yes, they throw at customers a whole lot of numbers, primarily about their community, number of assets, etc. 

However, they nowhere mention what legal entity owns the company. Neither do they reveal where the company is registered. On top of all, contact options are not the most convenient ones. 

All in all, too many signs you should stay away. To find out all the reasons why, make sure to read this Klever review carefully.

Company Type Crypto Wallet Provider
Legal name N/A
Regulation Not regulated
Registered in Brazil
Established 2019
Website https://klever.io/
Financial Authorities Warnings N/A
Contacts Live chat
If a withdrawal is possible Highly unlikely
Fees From 0.08%
If Active on Social Media: Yes – Instagram, LinkedIn, Twitter, YouTube,
Investor Protection: None
Activity areas United States, Germany, Belgium, Netherlands, Mexico
Main threats Too many negative reviews; misleading information; withdrawal issues reported;
Main perks None

Introduction: What is Klever All About

In the first place, we have to clarify what services this company offers. Primarily, Klever is a non-custodial wallet provider. This means traders have full control of their funds and private keys. On top of that, the company offers swap, exchange, and staking features on its wallet as well. 

With this in mind, traders should know such services don’t require any regulations. After all, the company doesn’t have control over your money. But don’t they? If you carefully check some Klever reviews, you will realize the company is holding clients’ money. Therefore, keeping your money frozen means they actually control it. Which also means they should have adequate licenses. Yet, they don’t. 

Traders Reviews – What Tricks To Watch Out For?

According to the company’s presentation, there are more than 4 million users of Klever wallet. Thus, some numbers simply don’t add up to that, starting with the download rate of the app in PlayStore for instance. But also, the number of reviews. Fairly, if the company had more than 4 million users, we could see more than 91 comments on Trustpilot. 

On the positive side, this number is more than enough to prove the company’s activities. As can be seen, more than 30% of the traders reported issues with this wallet provider. Primarily with non-existent fees they were required to pay. In the end, whether they pay them or not, they don’t get their money back.

What Do We Know About Founders?

As can be seen from the company’s whitepaper, the founder of this platform is Dio Ianakiara. He is a software architect based in Sao Paolo, Brazil. In 2019, he founded Klever, and in 2022 he launched Klever blockchain to rapidly grow their ecosystem. 

One of the key features of this wallet provider is the proprietary token KLV. But traders should be careful because that’s the fastest way to put money in the company’s pockets. 

What Assets Can You Trade?

The company’s offer is quite solid, with more than 1,200 cryptocurrencies available for swapping. They cover multiple blockchain networks, such as Binance, Bitcoin, Doge, Sui, and many more. In addition, the company claims to offer a wide range of NFTs. 

Still, the most important asset is the proprietary token, and the current Klever price stands at 0.003642 USD according to CoinMarketCap. In any case, all assets you could think of could be found with this company. But is that enough? 

Mobile App Availability

From the company’s website, you can quickly navigate through all the apps the company offers. Besides iOS, Huawei, and Android apps, the company also offers browser extensions for an even better experience. 

A notable feature here is the Klever Tron wallet feature, which offers management of Tron assets. Why is that important, you might wonder. This is because the co-founder was also involved in founding Tron wallet in 2018. 

Applicable Fees With Klever Wallet

One of the key things in the crypto world is fees. If those are not competitive, traders won’t be investing with you. It’s as simple as that. Fairly, why would you do that if there are other wallets with better deals? In any case, it appears the fees with Klever are not that competitive, with 0.08% going up to 0.2%. 

Swapping fees will depend on the network. However, you should also be prepared for announced non-existent fees the company might require you to pay. Even in Klever Reddit discussions, you can find such allegations.

Support Options

If you take a closer look at the Klever website, you will realize there are not many contact options available. There’s only a live chat option and Telegram. Apparently,  they have multi-lingual support available 24/7. Yet, with traders reporting issues with it, we wouldn’t rely much on its services.

Is It Worth It In The End?

Even though Klever’s Windows and MacOS compatibility is questionable, there will be other benefits of using this wallet. At least there are user-friendly mobile apps available. However, they are not as good as the company presents them. Nevertheless, with all the negative reviews, using such a wallet is literally playing with fire. So, why waste time and money? 

Especially when you have options like Funded Trading Plus, which allows you to trade without risk of losing your capital. This UK-based firm offers a wide range of funded accounts with up to $200k in the virtual account balance in the evaluation phase. With all the tools and features you have access to, you can easily become a Funded Trading Plus partner and earn up to 90% of the profits generated.  

Most importantly, there are more than 2,000 positive reviews from users worldwide. So, you can imagine how many of those didn’t even share their opinion. Anyway, you could be the next one. Stop trusting shady exchanges and start maximizing your profits with minimum risk. Sign up with Funded Trading Plus today and get a chance to earn great rewards. 


What is Klever?

Klever presents itself as a trusted and reliable crypto exchange that offers more than 10.000 digital assets.

Is Klever Legit?

No. The company doesn’t share any legal information and also there are multiple negative reviews pointing out various issues with this company.

Is Klever a Wallet or an Exchange?

Klever is a non-custodial wallet provider but they also operate as a crypto exchange considering their swap feature.

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