No Regulation

Score

0123456789.01234567890123456789
/10

Cryptocurrency

China

|

5-10 years

Suspicious Regulatory License|

Medium potential risk

https://www.bitcoinscashout.com/

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Rating Index
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Cryptocurrency
https://www.bitcoinscashout.com/
Influence
E

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No effective regulatory information has been founded yet, please pay attention to the risks!

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Cryptocurrency
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WikiBit Risk Alerts

1
Previous Detection 2024-06-15

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

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4 ratings

Participate in evaluation
Fazal Aqib
This is good for work
2023-12-07 18:59
7
olaiya
this is a profitable platform that make you gain a lot of money after investing with a little capital , good job keep it up. moreover this platform give bonus to reference.
2023-07-01 16:56
1
Cyril22
Wow, this is extremely amazing .it’s actually one of the best I’ve ever known .I wish I found out about this on time . Make your you try this out .
2023-07-06 02:12
0
BIT9686508842
firstly meat on Telegram group the group name is Cryptocurrency platform there are claim to be the masters of market with kelvincross there are using this company opportunity to scam people firstly they ask. I lost almost 250$ after I deposit the money he start telling that I cant withdraw. he is totally a scammer . Stay away from the fake telegram cryptocurrency groups .
2021-08-05 06:11
0
Aspect Information
Company Name Cryptocurrency
Registered Country/Area China
Founded year 2017
Regulatory Authority Unregulated
Numbers of Cryptocurrencies Available Over 100
Fees Taker fee 0.1%, maker fee 0.05%
Payment Methods Bank transfer, credit/debit card
Customer Support 24/7 live chat, email, phone

Overview of Cryptocurrency

Cryptocurrency Exchange, established in 2017, is a China-based cryptocurrency exchange that operates without specific registration in any country. Offering a diverse range of over 100 cryptocurrencies including Bitcoin, Ethereum, and Tether, the platform reports a 24-hour trading volume of 2.4 billion USD. Employing a maker-taker fee model, Cryptocurrency charges lower fees (0.05%) for makers and slightly higher fees (0.1%) for takers. However, it's important to note that Cryptocurrency Exchange lacks valid regulation, implying potential risks for users.

Overview of Cryptocurrency

Pros and cons

Pros:

Wide Range of Cryptocurrencies: Access to 100+ cryptocurrencies, including popular ones like Bitcoin and Ethereum.

Various Payment Methods: Supports bank transfers and card payments for funding.

24/7 Customer Support: Available through chat, email, and phone.

Security Measures: Encryption, 2FA, and cold wallets for user safety.

Transparent Fee Structure: Clear maker-taker fees (0.05% for makers, 0.1% for takers).

Cons:

Lack of Regulation: Operates without regulation, posing potential risks.

Slow Coin Listing: New cryptocurrencies may take weeks to be listed.

Security Concerns: Despite measures, there's a risk of cyberattacks.

Pros Cons
Wide Range of Cryptocurrencies Lack of Regulation
Various Payment Methods Slow Coin Listing
24/7 Customer Support Security Concerns: Risk of Cyberattacks
Security Measures: Encryption, 2FA, Cold Wallets
Transparent Fee Structure: Maker 0.05%, Taker 0.1%

Regulatory Authority

Cryptocurrency Exchange is not regulated by any valid financial or regulatory authority. Users should exercise caution and be aware of the associated risks when trading on the platform.

Regulatory Authority

Security

The security of cryptocurrency is a critical aspect in the virtual currency exchange industry. Cryptocurrency platforms employ various protection measures to ensure the safety of users' funds and personal information.

One common security measure is the use of encryption technology. Cryptocurrencies rely on cryptographic algorithms to secure transactions and control the creation of new units. This encryption helps protect the integrity and privacy of transactions, making it difficult for unauthorized individuals to manipulate or access users' funds.

In addition to encryption, many cryptocurrency exchanges implement two-factor authentication (2FA) to enhance security. This involves requiring users to provide two pieces of evidence to verify their identity, such as a password and a unique code sent to their registered mobile device. This extra layer of security helps prevent unauthorized access to user accounts.

Furthermore, reputable cryptocurrency exchanges often store users' funds in offline 'cold' storage wallets. These wallets are not connected to the internet, reducing the risk of potential hacking attacks. By keeping the majority of funds offline, exchanges can protect against online vulnerabilities and minimize the potential loss of customers' assets.

To protect against potential security breaches, regular security audits and vulnerability assessments are conducted by cryptocurrency platforms. These audits help identify and address any vulnerabilities, ensuring that the exchange's infrastructure remains secure.

While these protection measures help enhance the security of cryptocurrency, it is important for users to also take responsibility for their own security. This includes using strong, unique passwords for their accounts, regularly updating security software and applications, and being cautious of phishing attempts and suspicious links.

By combining the security measures implemented by cryptocurrency exchanges with personal security practices, users can mitigate the risks associated with virtual currency exchange and ensure a safer trading experience.

Cryptocurrencies Available

Cryptocurrency lists over 100 cryptocurrencies, including Bitcoin, Ethereum, and Tether. The coin-listing speed on Cryptocurrency is relatively slow. The exchange typically lists new cryptocurrencies within a few weeks of their release.

Cryptocurrencies Available

How to open an account?

To open an account on Cryptocurrency, you will need to follow these steps:

1. Go to the Cryptocurrency website and click on the “Create Account” button.

2. Enter your email address and create a password.

3. Verify your email address by clicking on the link in the email that Cryptocurrency sends you.

4. Provide your personal information, such as your name, date of birth, and address.

5. Upload a copy of your government-issued ID.

6. Click on the “Create Account” button.

Fees

    Cryptocurrency charges a maker-taker fee model, which means that users who add liquidity to the order book (makers) are charged a lower fee than users who take liquidity from the order book (takers).

    The taker fee on Cryptocurrency is 0.1%, and the maker fee is 0.05%. This means that if you place a limit order that is filled, you will be charged a 0.05% fee. If you place a market order that takes liquidity from the order book, you will be charged a 0.1% fee.

    Here is a table of the trading fees charged by Cryptocurrency:

    Type Fee
    Taker 0.1%
    Maker 0.05%
    Fees

    Payment Methods

    Cryptocurrency offers multiple payment methods for users to deposit funds into their accounts. Users can choose to make payments through bank transfers or by using credit/debit cards. Bank transfers typically take 1-3 business days to process, while credit/debit card transactions are usually processed instantly.

    When it comes to withdrawing funds from your Cryptocurrency account, bank transfers are the primary option. The processing time for withdrawals through bank transfers may vary depending on the user's bank and country. Generally, it can take anywhere from 1-5 business days for the funds to be transferred to the user's bank account.

    It is important to note that processing times may vary depending on the availability and efficiency of the payment service providers and banking systems involved.

    Is Cryptocurrency a Good Exchange for You?

    When it comes to trading groups suitable for cryptocurrency, it is important to consider the specific needs and characteristics of each group. Here are a few target groups and recommendations for each:

    1. Experienced Traders: Experienced traders who have a deep understanding of cryptocurrency markets and trading strategies can benefit from platforms that offer advanced features such as margin trading and futures contracts. These traders may also prefer exchanges that provide access to a wide range of cryptocurrencies and have robust trading tools such as candlestick charts, technical indicators, and order types. Additionally, advanced security measures and a user-friendly interface are crucial for this group.

    2. Novice Traders: Novice traders who are new to the cryptocurrency market may prefer exchanges that offer a user-friendly interface and educational resources to help them learn about cryptocurrencies and trading strategies. These traders may also benefit from platforms that offer demo accounts or simulated trading to practice their skills without risking real money. It is important for exchanges to have strong customer support to assist novice traders with any questions or issues they may have.

    3. Long-term Investors: Long-term investors who are looking to hold cryptocurrencies for an extended period may prioritize platforms that offer a wide range of cryptocurrencies for investment purposes. These investors may also consider exchanges that have strong security measures, including cold storage wallets, to protect their assets. Access to reliable market data, fundamental analysis tools, and research reports can also be valuable for long-term investors in making informed investment decisions.

    4. Institutional Investors: Institutional investors, such as hedge funds or investment firms, may have specific requirements when it comes to cryptocurrency trading. They may prefer exchanges that offer higher liquidity, advanced trading features, and access to over-the-counter (OTC) markets. Moreover, institutional investors often require robust security measures and regulatory compliance to ensure the safety and compliance of their investments.

    5. Retail Investors: Retail investors, who are individual investors trading in smaller volumes, may benefit from exchanges that offer low fees and a wide variety of cryptocurrencies to choose from. User-friendly interfaces, along with mobile trading applications, can make it easier for retail investors to access and trade cryptocurrencies. These investors may also appreciate exchanges that provide educational resources and customer support tailored to their needs.

    In conclusion, catering to different target groups in cryptocurrency trading requires understanding their specific needs and preferences. By offering tailored features, educational resources, and customer support, exchanges can provide a suitable trading experience for a wide range of traders and investors. It is also important for exchanges to constantly adapt and improve their services based on user feedback and market trends.

    Conclusion

    Cryptocurrency Exchange, established in 2017, presents a diverse range of over 100 cryptocurrencies including prominent options like Bitcoin and Ethereum. Offering a 24/7 customer support system through chat, email, and phone, the platform adheres to a maker-taker fee model, featuring transparent fees of 0.05% for makers and 0.1% for takers. Despite these advantages, it's essential to acknowledge the exchange's lack of regulation, potentially leading to associated risks. Additionally, the platform's coin-listing speed is relatively slow, requiring weeks for new cryptocurrencies to be listed. While security measures are in place, there remains a risk of cyberattacks. Ultimately, potential users must weigh the benefits against the potential drawbacks before considering trading on this platform.

    Conclusion

    FAQs

    Q: Is Cryptocurrency Exchange regulated?

    A: Cryptocurrency Exchange operates without valid regulation, which means there is no oversight by any financial or regulatory authority. This lack of regulation could expose users to potential risks while trading on the platform.

    Q: What is the fee structure on Cryptocurrency Exchange?

    A: Cryptocurrency Exchange follows a maker-taker fee model. Makers, who add liquidity to the order book, are charged a fee of 0.05%. Takers, who take liquidity from the order book, are charged a slightly higher fee of 0.1%. The fee structure is transparent and clearly stated.

    Q: How many cryptocurrencies are available on Cryptocurrency Exchange?

    A: Cryptocurrency Exchange offers access to a broad selection of over 100 cryptocurrencies, including popular ones like Bitcoin, Ethereum, and Tether. This diversity provides users with a wide range of trading options.

    Q: What payment methods does Cryptocurrency Exchange accept?

    A: Cryptocurrency Exchange supports two primary payment methods: bank transfers and credit/debit card payments. Bank transfers usually take 1-3 business days for processing, while credit/debit card transactions are typically processed instantly.

    Q: Is my personal and financial information safe on Cryptocurrency Exchange?

    A: Cryptocurrency Exchange takes security measures seriously. They implement encryption technology to secure transactions, two-factor authentication (2FA) to enhance user verification, and cold wallets to protect funds from potential online vulnerabilities. However, despite these measures, there's always a risk of cyberattacks.

    Q: How long does it take for new cryptocurrencies to be listed on Cryptocurrency Exchange?

    A: The coin-listing speed on Cryptocurrency Exchange is relatively slow, often requiring several weeks for new cryptocurrencies to be listed on the platform after their release.

    Q: Can I get 24/7 customer support on Cryptocurrency Exchange?

    A: Yes, Cryptocurrency Exchange provides 24/7 customer support through various channels, including live chat, email, and phone. This ensures that users can seek assistance and address any concerns at any time.

    User Review

    User 1: I've been using Cryptocurrency for a while now and I'm really impressed with their security measures. They have tight security protocols in place, including two-factor authentication and cold storage wallets. I feel confident that my funds are safe with them. The interface is also user-friendly, making it easy to navigate and place trades. The only downside is that their customer support can be a bit slow to respond at times. Overall, I'm happy with Cryptocurrency for its security and user-friendly interface.

    User 2: I've had a mixed experience with Cryptocurrency. On the positive side, they offer a wide range of cryptocurrencies to trade, which is great for diversification. Their trading fees are also reasonable compared to some other exchanges. However, I've had issues with their liquidity, especially during high-volume trading periods. Sometimes it's hard to execute trades quickly. Additionally, their customer support could use improvement. It takes a long time to get a response and they don't always resolve issues efficiently. Overall, Cryptocurrency has its pros and cons, but I wish they would work on improving their liquidity and customer support.

    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.

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