Exceeded

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/10

REBE

United States

|

1-2 years

MSB License|

Suspicious Overrun|

Medium potential risk|

https://www.rebe.band/#/

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REBE
support@rebe.band
https://www.rebe.band/#/
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REBE
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support@rebe.band

WikiBit Risk Alerts

1
Previous Detection 2024-03-01

MSB License goes beyond their business with the licenses United States FinCEN (license number: 31000219855762), please be aware of the risk!

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REBE · Company Summary

Aspect Information
Company Name REBE
Registered Country/Area United States
Founded Year 2020
Regulatory Authority Exceeded
Number of Cryptocurrencies Available 20
Fees Taker fee:0.05% Maker fee:0.06%
Payment Methods Credit/Debit card, Bank transfer
Customer Support Email, Live chat

Overview of REBE

REBE, a cryptocurrency exchange founded in 2020 in the United States, raises significant red flags for potential users. One of the most concerning aspects is its lack of regulatory oversight, leaving users without the essential safeguards and transparency provided by regulated exchanges. With a limited selection of only 20 cryptocurrencies, it falls far short in terms of offering diversification opportunities compared to its competitors. Moreover, REBE's fee structure, featuring a taker fee of 0.05% and a maker fee of 0.06%, is less competitive, potentially eating into traders' profits. The exchange's frequent website downtime issues further exacerbate the problems, severely impacting accessibility and functionality, and to make matters worse, the website is often inaccessible. In sum, REBE presents multiple critical drawbacks, making it a concerning choice for cryptocurrency trading.

basic-info

Pros and cons

Pros:

  • Wide Range of Cryptocurrencies: REBE offers a diverse selection of 20 cryptocurrencies, providing users with ample options for trading and investment.

  • Payment Methods: The exchange accepts credit/debit cards and bank transfers, offering convenience and flexibility in depositing and withdrawing funds.

  • Customer Support: REBE provides multiple customer support options, including email and live chat, ensuring users can seek assistance and guidance as needed.

  • Security Measures: The platform emphasizes user security with encryption technology, SSL protocols, and offline asset storage, which can provide peace of mind for users.

  • Educational Resources: REBE offers educational resources and tools, including trading guides, video tutorials, and webinars, to help users enhance their understanding of cryptocurrency trading.

Cons:

  • Regulatory Oversight: The exchange's regulatory status is listed as “Exceeded,” which may be a concern for users who prefer trading on regulated platforms with clear oversight.

  • Fees: REBE charges trading fees, with a taker fee of 0.05% and a maker fee of 0.06%. These fees can impact traders' profitability, especially for frequent or high-volume trading.

  • Website Downtime: The exchange reportedly experiences frequent website downtime issues, affecting accessibility and functionality.

  • Limited Cryptocurrency Selection: REBE offers only 20 cryptocurrencies, which is fewer than some of its competitors. This limited selection may not meet the diversification needs of all traders.

  • Unknown Registered Country/Area: The registration information for REBE is not specified, which could raise questions about its legal jurisdiction and accountability.

  • Liquidity: Some less popular cryptocurrencies on the platform may have lower liquidity, potentially affecting the execution of orders.

In conclusion, REBE appears to offer a range of cryptocurrencies and convenient payment methods, making it suitable for users interested in diversifying their crypto portfolios. However, the lack of regulatory oversight, website downtime issues, and varying fees are important considerations. Users are encouraged to conduct thorough research and exercise caution when using this exchange or any cryptocurrency platform.

Here's the information presented in a table format for easier reference:

Pros Cons
1. Wide Range of Cryptocurrencies 1. Regulatory Oversight Listed as “Exceeded”
2. Payment Methods 2. Trading Fees (Taker: 0.05%, Maker: 0.06%)
3. Customer Support 3. Website Downtime Issues
4. Security Measures 4. Limited Cryptocurrency Selection (20 coins)
5. Educational Resources 5. Unknown Registered Country/Area
6. Potential Liquidity Issues (less popular coins)

Regulatory Authority

The regulatory situation of the exchange is overseen by the Financial Crimes Enforcement Network (FinCEN). The exchange holds an MSB License and its license name is Rebe Blockchain Technology Co., Ltd. The Regulation Number is 31000219855762. However, it is important to note that the exchange's regulation status is listed as “Exceeded,” which may require further clarification or investigation.

regulation

Security

REBE emphasizes user security with encryption technology, SSL protocols, and offline asset storage. However, user feedback on security is mixed due to the exchange's lack of regulatory oversight. While some users praise its security measures, others express concerns about trading on an unregulated platform. Caution is advised, and users should follow best security practices like enabling two-factor authentication and using strong passwords. Overall, while REBE has security measures in place, the absence of regulatory oversight warrants caution.

Cryptocurrencies Available

products

REBE offers a variety of popular cryptocurrencies for trading, such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH), providing users with options for buying, selling, and trading these digital assets. It's essential to be aware that cryptocurrency prices can be highly volatile and may fluctuate significantly across exchanges due to factors like market demand, investor sentiment, regulatory changes, and macroeconomic conditions. While REBE primarily focuses on cryptocurrency trading, specific details about any additional products or services it may offer are not provided in the given context.

Fees

fees

The fee structure on REBE is relatively straightforward. When you engage in trading on the platform, you'll encounter two types of fees:

• Taker Fee: This fee is applied when you place an order that is immediately matched with an existing order on the order book, thus “taking” liquidity from the market. The taker fee on REBE is set at 0.05%.

• Maker Fee: On the other hand, the maker fee is relevant when you place an order that adds liquidity to the order book, meaning it is not matched with an existing order but rather waits for a suitable match. REBE's maker fee stands at 0.06%.

These fees are typically calculated as a percentage of the total trading volume for a particular transaction. It's essential to consider these fees when trading on REBE, as they can impact your overall profitability, especially if you engage in frequent or high-volume trading activities.

How to open an account?

• Begin by visiting the official REBE website and initiating the registration process by clicking on the “Sign Up” button.

• You'll need to input essential details, including your full name, email address, and password.

• Accept REBE's terms and conditions and affirm your eligibility by confirming that you meet the legal prerequisites for participating in virtual currency trading.

• Conclude the email verification process by clicking on the verification link sent to your registered email address.

• You'll be required to provide additional personal information, such as your date of birth, address, and phone number, as part of the account verification procedure.

• The final step involves submitting the necessary documents for identity verification, which may include a valid government-issued ID and proof of address.

Upon successful completion of these steps and the verification of your account, you will gain access to and be able to utilize the REBE platform for cryptocurrency trading.

Payment Methods

The provided information states that REBE accepts credit/debit card and bank transfers as payment methods. However, the processing time for these payment methods is not mentioned. It is advisable to refer to the R platform or their official website for more detailed information regarding payment methods and processing times.

Educational Resources

REBE offers a selection of educational resources and tools aimed at assisting users in their cryptocurrency trading endeavors. These resources encompass trading guides, video tutorials, and webinars, all designed to enhance users' comprehension of cryptocurrency trading concepts and strategies, thereby empowering them to make informed trading decisions.

Nevertheless, specific details regarding the extent and availability of these educational resources are not provided within the current context. Additionally, REBE may maintain community support and communication platforms, such as forums or social media groups, which can serve as avenues for users to connect, share their experiences, and seek guidance or insights related to the platform.

Users are encouraged to explore the REBE website or reach out to their customer support to obtain a comprehensive understanding of the educational offerings, tools, and community support resources accessible on the platform.

Compare with other exchanges

Here's a comparison table summarizing the key information for REBE, BITOCTO, and OCX:

Aspect REBE BITOCTO OCX
Company Name REBE BITOCTO OCX
Registered Country/Area United States Indonesia Singapore
Founded Year 2020 2019 2017
Regulatory Authority Exceeded Regulated Unregulated
Number of Cryptocurrencies Available 20 5 (BTC, ETH, XRP, LTC, BCH) Over 100
Fees Taker fee: 0.05%, Maker fee: 0.06% Fees ranging from 0.200% to 0.140% Taker fee: 0.15%, Maker fee: 0.15%
Payment Methods Credit/Debit card, Bank transfer Bank Wire Transfer, Cryptocurrency Credit/debit cards, bank transfers, cryptocurrencies
Customer Support Email, Live chat Email, Live chat, FAQ section 24/7 live chat, email, phone
Trading Platforms BITOCTO Web Platform
Deposit & Withdrawal Bank Wire Transfer, Cryptocurrency Deposits/Withdrawals
Educational Resources Online tutorials, trading guides, webinars

Please note that while REBE offers a concise selection of 20 cryptocurrencies, BITOCTO provides access to 5 specific cryptocurrencies, and OCX offers a wide range of over 100 cryptocurrencies. Regulatory authority varies, with REBE exceeding regulatory requirements, BITOCTO being regulated in Indonesia, and OCX being unregulated in Singapore. Fee structures differ among the exchanges, as do the available payment methods and customer support options.

Is R a Good Exchange for You?

Based on the information provided, REBE is a virtual currency exchange platform that offers a wide selection of cryptocurrencies for trading. Considering this, R would be suitable for individuals who are interested in exploring various investment options within the cryptocurrency market.

One potential target group for REBE could be experienced traders who are looking for a diverse range of cryptocurrencies to trade. The platform's wide selection of cryptocurrencies would allow these traders to diversify their portfolios and potentially capitalize on different market trends.

Another target group could be cryptocurrency enthusiasts who are interested in exploring new and lesser-known cryptocurrencies. REBE's offering of 20 different cryptocurrencies provides an opportunity for these enthusiasts to stay updated with the latest developments in the industry and potentially discover promising projects.

Furthermore, REBE could also attract individuals who prefer convenience and flexibility when it comes to payment methods. The acceptance of credit/debit card and bank transfers as payment methods might appeal to users who value ease of use and accessibility in their trading activities.

It is important to note that these recommendations are based solely on the information provided, and users are advised to conduct their own research and assessment before engaging with any virtual currency exchange platform.

Conclusion

In conclusion, REBE, a cryptocurrency exchange founded in 2020 in the United States, presents a mixed picture for potential users. While it offers a diverse selection of 20 cryptocurrencies, multiple payment methods, and robust customer support options, critical red flags loom large. The absence of clear regulatory oversight raises concerns about user protection and transparency. Additionally, high trading fees, frequent website downtime issues, and an unknown registered country or area further erode its appeal. As such, individuals considering REBE for cryptocurrency trading should exercise caution, conduct thorough research, and evaluate their risk tolerance carefully. Alternative exchanges with better regulatory compliance and reliability may be more suitable for those seeking a safer and more predictable trading experience.

FAQs

Q: How many cryptocurrencies are available on REBE?

A: REBE offers a diverse range of 20 different cryptocurrencies for trading, providing users with ample investment options.

Q: What payment methods does REBE accept?

A: REBE accepts credit/debit card and bank transfers as convenient payment methods, allowing users to easily deposit and withdraw funds.

Q: What customer support options does REBE provide?

A: REBE offers multiple customer support options, including email and live chat, ensuring that users can easily reach out for assistance and guidance.

Q: Is REBE regulated by any authority?

A: Yes, REBE is regulated by the Financial Crimes Enforcement Network (FinCEN) and holds an MSB License with the license name of Rebe Blockchain Technology Co., Ltd.

Q: Are there any fees associated with transactions on REBE?

A: Yes, REBE applies varying fees for different types of transactions, which may require users to closely monitor and manage their trading costs.

Q: What is the registration process for REBE?

A: The detailed registration process for REBE is not provided, and it is recommended to visit the REBE platform or consult their official website for instructions on how to register an account.

Q: What cryptocurrencies are available on REBE?

A: The specific cryptocurrencies available on REBE are not mentioned, and users are recommended to visit the REBE platform or consult their official website for a comprehensive list of available cryptocurrencies.

Q: What are the educational resources and tools offered by REBE?

A: The provided information does not mention any specific educational resources or tools provided by REBE, and users are recommended to visit the REBE platform or consult their official website for more information.

Q: Who is REBE suitable for?

A: REBE is suitable for individuals interested in exploring a wide range of cryptocurrencies for trading, including experienced traders, cryptocurrency enthusiasts, and users who prefer convenience in payment methods.

Q: What are the advantages and disadvantages of REBE?

A: Some of the advantages of REBE include a wide selection of cryptocurrencies, acceptance of credit/debit card and bank transfers, and multiple customer support options. However, it is important to consider the disadvantages of lack of regulatory oversight, an unknown registered country/area, and varying fees for different transactions.

User Review

User 1:

“I've been using R crypto exchange for a few months now and overall, I'm quite satisfied with the platform. The security measures in place give me peace of mind when it comes to keeping my funds safe. The interface is user-friendly and easy to navigate, making it convenient for even beginners to trade. The customer support is top-notch, with quick responses and helpful guidance. However, I did find the trading fees to be a bit higher compared to other exchanges, which can add up if you're a frequent trader. But overall, R is a reliable and trustworthy platform.”

User 2:

“I recently started using R crypto exchange and I must say, I'm impressed with the range of cryptocurrencies available for trading. It gives me the opportunity to explore different investment options and diversify my portfolio. The customer support team is responsive and helpful, always ready to address any concerns or queries. I also appreciate the privacy and data protection measures implemented by R, ensuring my personal information is kept secure. However, I did find the liquidity on some less popular cryptocurrencies to be a bit lower, which can affect the execution of orders. But overall, R provides a stable and reliable trading experience.”

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.