Regulated

Score

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/10

pure

Estonia

|

2-5 years

Investment Advisory License|

Common Financial Service License|

Suspicious Overrun|

Medium potential risk

https://www.purewallet.app/

Website

Rating Index
Contact
pure
support@purewallet.app
https://www.purewallet.app/
Influence
E

Licenses

CYSEC

CYSECRegulated

Investment Advisory License

BaFin

BaFinExceeded

Common Financial Service License

MTR

MTRApplication In Process

Digital Currency License

WikiBit Risk Alerts

2
Previous Detection 2024-04-24

EstoniaMTR (license number: FVT000059) The regulatory status is abnormal, the official regulatory status is Application In Process, please be aware of the risk!

Common Financial Service License goes beyond their business with the licenses Germany BaFin (license number: 160260), please be aware of the risk!

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Time Machine

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Company Name
pure
Regulatory Status
Regulated
Company Abbreviation
pure
Platform registered country and region
Estonia
Phone of the company
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Aspect Information
Company Name Pure
Registered Country/Area Estonia
Founded year 2018
Regulatory Authority The Cyprus Securities and Exchange Commission (CySEC)
Numbers of Cryptocurrencies Available 100+
Fees 0.5% for transactions, deposit and withdrawal fees vary
Payment Methods Credit/Debit card, bank transfer
Customer Support 24/7 live chat, email support

Overview of pure

Pure is a virtual currency exchange platform based in Estonia. It was founded in 2018 and operates under the regulatory authority of the Cyprus Securities and Exchange Commission (CySEC). The platform offers a wide range of cryptocurrencies, with over 100 options available for trading. Users can make payments using credit/debit cards or bank transfers. Customer support is available 24/7 through live chat or email. Pure aims to provide a reliable and convenient platform for users to engage in virtual currency trading.

Overview of pure

Pros and cons

Pros Cons
1. Wide Range of Cryptocurrencies 2. Lack of Advanced Features
2. User-Friendly Platform 3. Limited Geographic Availability
3. 24/7 Customer Support 4. Lack of Fiat Pairings
5. Multiple deposit & withdrawal methods
6. regulated by CySEC

Pros:

  • Wide Range of Cryptocurrencies:

  • Pure offers a diverse selection of over 100 cryptocurrencies for trading, allowing users to access a variety of investment options and diversify their portfolio.

    • User-Friendly Platform:

    • Pure is known for its reliable and user-friendly trading platform. Its intuitive interface makes it accessible to both beginners and experienced traders, providing a seamless trading experience.

      • 24/7 Customer Support:

      • The platform provides round-the-clock customer support through live chat and email, ensuring quick assistance and issue resolution at any time.

        • Multiple deposit & withdrawal methods

        • The platform supports payments through credit/debit cards and bank transfers, making it convenient for users to deposit and withdraw funds.

          • Regulatory Authority:

          • Pure is regulated by the Cyprus Securities and Exchange Commission (CySEC), ensuring that the exchange operates within the established legal framework and follows regulatory guidelines. This provides a level of trust and security for users.

            Cons:

            • Lack of Advanced Features:

            • Advanced traders may find that Pure's platform lacks certain advanced trading features or tools that they require for more complex trading strategies.

              • Limited Geographic Availability:

              • Depending on its regulatory status, Pure's services may not be available to users from all countries, limiting its accessibility.

                • Lack of Fiat Pairings:

                • If Pure lacks sufficient fiat currency pairing options, users may need to convert their funds elsewhere before trading.

                  Regulatory Authority

                  The regulatory situation of the exchange is as follows:

                  1. Cyprus Securities and Exchange Commission (CYSEC):

                  - Regulation Number: 391/20

                  - Regulation Status: Regulated

                  - License Type: Investment Advisory License

                  - License Name: Redpine Capital Limited

                  Regulatory Authority

                  2. Federal Financial Supervisory Authority (BaFin):

                  - Regulation Number: 160260

                  - Regulation Status: Exceeded

                  - License Type: Common Financial Service License

                  - License Name: Redpine Capital Ltd

                  Regulatory Authority

                  3. MajandusTegevuse Register (MTR):

                  - Regulation Number: FVT000059

                  - Regulation Status: Application In Process

                  - License Type: Digital Currency License

                  - License Name: Purecoin OÜ

                  Regulatory Authority

                  Security

                  The security measures implemented by Pure aim to ensure the safety of users' funds and personal information. Some of the security measures include:

                  1. Encryption: Pure uses advanced encryption protocols to protect user data and communications. This helps safeguard sensitive information from unauthorized access or interception.

                  2. Two-Factor Authentication (2FA): Pure encourages users to enable 2FA, which provides an additional layer of security during the login process. By requiring users to provide a second form of verification, such as a unique code sent to their mobile device, it helps prevent unauthorized access to accounts.

                  3. Cold Storage: Pure employs cold storage techniques to store the majority of users' funds offline. This reduces the risk of unauthorized access or hacking, as the funds are not constantly connected to the internet.

                  4. Regular Audits: Pure conducts regular audits to ensure the integrity of its systems and to identify and address any potential vulnerabilities. These audits help maintain a secure environment for users' trading activities.

                  It is important to note that while Pure implements these security measures, no system is completely immune to risks or hacking attempts. Users should also take their own precautions, such as using strong passwords and keeping their login credentials confidential, to enhance the security of their accounts.

                  Security

                  Cryptocurrencies Available

                  Pure offers a wide range of cryptocurrencies for users to trade. Currently, there are over 100 cryptocurrencies available on the platform, including popular options such as Bitcoin, Ethereum, and Ripple. These cryptocurrencies can be traded against each other or against fiat currencies like the US dollar.

                  In addition to cryptocurrency trading, Pure may also offer other products and services.It is recommended for users to visit the Pure website or contact their customer support for more information regarding any other available products or services.

                  How to open an account?

                  1、Fill out the registration form and questionnaire in less than 3 minutes.

                  Weve tested it! Simplified registration process.

                • 2、

                • Complete a simple KYC in less than 7 minutes.

                  Take a picture of your ID, take a selfie and go through a video call for authentication. This process ensures the maximum security of your account and your personal information.

                • 3、

                • Your Account is active!

                  Receive payments, send funds all over Europe and use your pure. Card.

                   open an account

                  Fees

                  Lowest rates on the market

                  Pure always maintains the lowest possible fees while providing top-notch service. Find below its price list.

                  Blockchain Fees for withdrawal are in the table:

                  Currency Network Fees
                  BTC 0.0005
                  ETH 0.005
                  USDC 10
                  USDT 10
                  XRP 0.25
                  XLM 0.02
                  ADA 1
                  DOT 0.1
                  SOL 0.01
                  MATIC 0.1
                  LTC 0.001
                  DOGE 50

                  Card Fees and Limits

                  • ATM Withdrawal Fee EUR 3.00

                  • Cash withdrawals Limits (daily):

                  • GBP 2.000

                  • EUR 2.000

                  • Payments with your Card (daily):

                  • GBP 15.000

                  • EUR 15.000

                  Payment Methods

                  Pure offers two payment methods for users: credit/debit cards and bank transfers. The processing time for each payment method may vary.

                  Experience the utmost convenience, trust, and reliability with its Euro account, specifically designed to cater to your banking needs within the EU and EEA. Seamlessly receive, hold, transfer, and pay online, enabling you to effortlessly manage your finances across borders. Discover the unparalleled flexibility and convenience that its tailor-made Euro account offers, with confidence and peace of mind.

                  Educational Resources

                  Pure provides educational resources and tools to assist users in their virtual currency trading. These resources include tutorials, articles, and guides that cover topics such as cryptocurrency basics, trading strategies, and market analysis. Additionally, Pure offers tools such as price charts, trading indicators, and analysis tools to help users make informed trading decisions. It is advisable for users to explore the Pure platform and its educational resources to gain a better understanding of these offerings and how they can enhance their trading experience.

                  Is pure a Good Exchange for You?

                  When analyzing the trading groups suitable for Pure, there are a few key factors to consider. First, Pure offers a wide range of cryptocurrencies for trading, making it suitable for users who want to diversify their digital asset portfolio and explore different investment opportunities. Second, Pure's reliable and user-friendly platform makes it suitable for both novice and experienced traders. Furthermore, the 24/7 customer support provided by Pure makes it suitable for users who value quick and efficient resolution of any issues or concerns that may arise during the trading process.

                  Based on these factors, Pure is recommended for the following target groups:

                  1. Cryptocurrency enthusiasts: Those who are passionate about cryptocurrencies and want access to a wide range of options for trading and investing.

                  2. Experienced traders: Traders who have a wealth of knowledge and experience in the cryptocurrency market and are looking for a reliable and feature-rich platform to execute their trading strategies.

                  3. Novice traders: Individuals who are new to virtual currency trading and are looking for a user-friendly platform that provides educational resources and tools to help them get started.

                  4. Users in need of round-the-clock support: Those who prioritize having access to customer support at all times and value quick and efficient resolution of any issues or concerns.

                  It is important to note that while Pure suitable for these target groups, each individual has unique trading needs and preferences. It is advisable for users to carefully consider their personal requirements and conduct their own research before selecting a virtual currency exchange platform.

                  Conclusion

                  In conclusion, Pure offers a wide range of advantages for users interested in virtual currency exchange. These include a diverse selection of over 100 cryptocurrencies, a reliable and user-friendly platform, and round-the-clock customer support. However, Pure may have some disadvantages, such as limited availability of information about additional products and services, and varying processing times for different payment methods. Users should carefully evaluate their personal trading needs and preferences before choosing Pure as their virtual currency exchange platform.

                  FAQs

                  Q: What cryptocurrencies are available for trading on Pure?

                  A: Pure offers a diverse range of over 100 cryptocurrencies for trading, including popular options such as Bitcoin, Ethereum, and Ripple.

                  Q: What are the payment methods accepted by Pure?

                  A: Pure accepts credit/debit cards and bank transfers as payment methods for users.

                  Q: How long does the registration process of Pure take?

                  A: The registration process of Pure involves three steps. The time taken to complete these steps may vary depending on the user's responsiveness.

                  Q: Does Pure provide educational resources and tools for traders?

                  A: Yes, Pure offers educational resources such as tutorials, articles, and guides that cover various topics related to virtual currency trading. Additionally, it may provide tools such as price charts, trading indicators, and analysis tools to assist users in making informed trading decisions.

                  Q: What target groups is Pure suitable for?

                  A: Pure is suitable for cryptocurrency enthusiasts, experienced traders, novice traders, and users in need of round-the-clock customer support.

                  User Review

                  User 1: I have been using Pure crypto exchange for a while now, and I must say that I am impressed with its security measures. They offer advanced encryption and two-factor authentication, which gives me peace of mind knowing that my funds and personal information are protected. The interface is also user-friendly and intuitive, making it easy to navigate and execute trades. However, I would appreciate more cryptocurrencies being available for trading, as the current selection is limited. The customer support is responsive and helpful, and the trading fees are reasonable. Overall, Pure provides a secure and reliable platform for cryptocurrency trading.

                  User 2: Pure crypto exchange has been a game-changer for me. One aspect that stands out is their liquidity. I never have to worry about not finding buyers or sellers for my trades, as there is always ample liquidity on the platform. The customer support team is also top-notch, always available to assist me with any questions or concerns. I appreciate the privacy and data protection measures implemented by Pure, as they prioritize safeguarding user information. However, I have noticed that the deposit and withdrawal speeds can be slow at times, which can be a bit frustrating. Despite this, the overall stability of the exchange is commendable, and I continue to enjoy using Pure for my trading activities.

                  Risk Warning

                  Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.