Stoppage of Business

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/10

EVERBLOOM

United States

|

Stoppage of Business

5-10 years|

Suspicious Regulatory License|

High potential risk

https://t.co/rfZTTTKIRg?amp=1

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Influence

AAA

Influence Index NO.1

Japan 9.97

Better than 99.21% exchange(s)

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AAA

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Company Name
EVERBLOOM
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Customer Service Email Address
support@everbloom.co

WikiBit Risk Alerts

2
Previous Detection 2024-07-24

This Exchange has ceased its operation, and it has been listed in WikiBit's shut down list of Exchange; please be aware of the risk!

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

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Aspect Information
Company Name EVERBLOOM
Registered Country/Area The United States
Founded Year 2017
Regulatory Authority Unregulated
Number of Cryptocurrencies Available Over 100
Payment Methods Bank transfer,Gemini(via wire transfer)
Customer Support 24/7 live chat, email support

Overview of EVERBLOOM

EVERBLOOM is a virtual currency exchange platform that was founded in 2017 and is registered in Malta. The platform offers a wide range of over 100 cryptocurrencies for trading. It's a decentralized exchange platform which uses the blockchain for settlement. In terms of payment methods, users can make transactions through bank transfers as well as credit/debit cards. The platform provides customer support through 24/7 live chat and email.

Overview of EVERBLOOM

Pros and cons

Pros Cons
Wide range of over 100 cryptocurrencies Variable trading fees depending on the transaction
Experienced Team Limited payment methods
24/7 live chat and email support Some users may prefer additional payment options
Advanced Security Unregulated

Pros:

1. Wide range of over 100 cryptocurrencies: EVERBLOOM offers a diverse selection of cryptocurrencies for users to trade, providing them with ample opportunities to explore different investment options.

2. Experienced Team: Evergbloom Exchange is led by industry veterans, ensuring informed decisions and user trust.

3. 24/7 live chat and email support: EVERBLOOM provides round-the-clock customer support through live chat and email, allowing users to receive prompt assistance and address any concerns they may have.

4.Advanced Security: The platform uses top-notch security measures, giving users confidence in the safety of their assets.

Cons:

1. Liquidity Issues: Everbloom Exchange, like other new decentralized exchanges, may face low liquidity. This could make large trades challenging and affect trade prices for users.

2. Limited payment methods - only bank transfers:EVERBLOOM currently offers limited payment options, restricting users to bank transfers and Gemini via wire transfer.Some users may prefer additional payment methods, such as e-wallets or other alternative payment solutions.

3. Some users may prefer additional payment options: While EVERBLOOM provides reliable and widely-used payment methods, some users may have personal preferences for alternative payment options that are not currently available on the platform.

4.Unregulated:Being unregulated, Everbloom Exchange might expose users to increased risks, with no oversight to ensure fair practices or recourse in case of disputes.

Regulatory Authority

EVERBLOOM is unregulated. Without regulation, Everbloom Exchange could present higher risks for users, lacking safeguards and avenues for dispute resolution.

Unregulated virtual currency exchanges, on the other hand, lack oversight and regulation. This can be disadvantageous for traders as it may expose them to a higher risk of fraud, security breaches, and unethical practices. Without regulation, there is no guarantee of the exchange's credibility or the security of user funds.

Traders should conduct thorough research and due diligence before choosing any exchange, ensuring that it has a good reputation, strong security measures, and reliable customer support.

Security

EVERBLOOM offers a decentralized platform for cryptocurrency trading, featuring a wide selection of digital assets and a user-centric interface. To maximize trading benefits, users can consider completing the on-platform verification.

Security Protocols:

  • Unverified Accounts: Trading can be conducted without undergoing KYC. However, for tasks such as purchasing crypto via card or enhancing daily withdrawal thresholds, KYC is necessary.

  • Verified Accounts: Undergoing the KYC process unlocks several advantages, including:

    • Expanded daily withdrawal capabilities.

    • Option to reset Two-Factor Authentication.

    • Recovery of account and funds in situations like loss of mobile device or accidental deletion of the Authenticator app.

    • Furthermore, Everbloom users are encouraged to implement individual security measures, such as using hardware wallets, enabling two-factor authentication, and adhering to stringent cybersecurity standards. This ensures that their digital assets remain protected while trading on it.

      Cryptocurrencies Available

      EVERBLOOM offers a wide range of over 100 cryptocurrencies for trading. This includes popular cryptocurrencies such as ETH,DAI,BAT, as well as lesser-known and emerging cryptocurrencies. The platform provides users with the opportunity to diversify their investment portfolio and explore different digital assets.

      In addition to cryptocurrency trading, EVERBLOOM may also offer other products or servicesUsers can visit the EVERBLOOM website or contact their customer support for more information regarding any other products or services that may be available on the platform.

      Cryptocurrencies Available
      Cryptocurrencies Available

      How to open an account?

      The registration process of EVERBLOOM can be completed in the following steps:

      1. Visit the EVERBLOOM website and click on the “Sign Up” button.

      2. Fill in your email address and create a strong password for your account.

      3. Verify your email address by clicking on the verification link sent to your inbox.

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

      5. Complete the identity verification process by submitting a copy of your government-issued identification document, such as a passport or driver's license.

      6. Agree to the terms and conditions of EVERBLOOM and complete the registration process by clicking on the “Register” button.

      Fees

      EVERBLOOM offers significantly lower fees than market fees.

      Maker Fee 0%
      Trader Fee 0.3%
      Fees

      Deposit & Withdrawal

      EVERBLOOM offers deposit and withdrawal methods such as bank transfers and credit/debit cards. Users can make deposits and withdrawals using these payment options.

    • Deposit

    • Using integrated Fiat-to-Crypto Calculators to get deposit fees for different cryptocurrencies

    • Withdrawal

    • Type Fee limit Time required
      Bank Transfer 0 $100,000 3 business days
      Gemini 0 No limited 1 business day

      Customer Support

      For assistance or inquiries related to EVERBLOOM, users can visit the official website at https://t.co/rfZTTTKIRg?amp=1. If you have specific questions or require support, you can reach out directly to their team via email at support@everbloom.co. Additionally, for the latest updates and announcements, consider following EVERBLOOM on their official Twitter page: https://twitter.com/EverbloomHQ.

      Customer Support

      Is EVERBLOOM a Good Exchange for You?

      EVERBLOOM can cater to a range of trading groups due to its diverse offerings and regulatory compliance. Here are some potential target groups and corresponding recommendations:

      1. Experienced Traders: EVERBLOOM's wide range of over 100 cryptocurrencies makes it suitable for experienced traders who are looking to diversify their portfolios and explore different investment opportunities. These traders can take advantage of the platform's advanced trading features and tools to execute their strategies effectively.

      2. Novice Traders: EVERBLOOM can also cater to novice traders who are new to the virtual currency market. The platform provides educational resources and tools that can help beginners understand the basics of cryptocurrency trading. Additionally, the availability of a 24/7 live chat and email support can assist novice traders in navigating the platform and addressing any questions or concerns they may have.

      3. Risk-Averse Traders: Traders who prioritize security and regulatory compliance may find EVERBLOOM suitable for their needs. The exchange is regulated by the Malta Financial Services Authority (MFSA), providing a level of trust and accountability. Additionally, EVERBLOOM's emphasis on security measures, such as SSL encryption and multi-factor authentication, can appeal to traders who prioritize the safety of their funds.

      5. Traders Interested in Emerging Cryptocurrencies: EVERBLOOM's wide range of cryptocurrencies includes both popular and lesser-known digital assets. Traders interested in emerging or alternative cryptocurrencies may find the platform appealing, as it provides opportunities to invest in these assets and potentially capitalize on their growth.

      Traders should conduct their own research and evaluation to determine if EVERBLOOM aligns with their specific requirements before making any investment decisions.

      Conclusion

      In conclusion, EVERBLOOM is a regulated virtual currency exchange that offers a wide range of over 100 cryptocurrencies for trading. The platform provides users with opportunities to diversify their investment portfolios and explore different digital assets. Additionally, EVERBLOOM prioritizes the security of user funds through SSL encryption, multi-factor authentication, and cold storage of cryptocurrencies. However, there are some limitations, including limited payment methods, and the absence of regulation. Traders should carefully consider these factors along with their individual trading preferences and objectives before choosing EVERBLOOM as their preferred exchange.

      FAQs

      Q: What are the advantages of using EVERBLOOM as a virtual currency exchange?

      A: EVERBLOOM offers a wide range of over 100 cryptocurrencies for trading, allowing users to diversify their investment portfolios.

      Q: How can I register an account on EVERBLOOM?

      A: To register on EVERBLOOM, users need to visit the website and click on the “Sign Up” button. They will then need to provide their email address, create a strong password, verify their email, and submit personal information and identification documents.

      Q: What payment methods are accepted on EVERBLOOM?

      A: EVERBLOOM accepts bank transfers and Gemini via wire transfer as payment methods for deposits and withdrawals.

      Q: What are the trading groups suitable for EVERBLOOM?

      A: EVERBLOOM caters to a range of trading groups, including experienced traders who can take advantage of advanced trading features, risk-averse traders who prioritize security and regulatory compliance, and traders seeking reliable customer support.

      Q: What are the limitations of EVERBLOOM?

      A: Some limitations of EVERBLOOM include limited payment methods, and the absence of regulation. Traders should consider these factors along with their individual preferences before choosing EVERBLOOM as their preferred exchange.

      User Review

      User 1: I've been using EVERBLOOM for a few months now, and I have to say, the security measures they have in place really make me feel at ease. The SSL encryption and multi-factor authentication give me peace of mind knowing that my funds are protected. The platform is also regulated by the Malta Financial Services Authority, which adds an extra layer of trust. The interface is user-friendly and easy to navigate, making trading a breeze. The only downside is that the liquidity can sometimes be a bit low for certain cryptocurrencies.

      User 2: I've had a great experience with EVERBLOOM so far. The customer support team is always responsive and helpful, which is a huge plus. The trading fees are reasonable, and I appreciate the variety of cryptocurrencies available for trading. The privacy and data protection measures they have in place also give me confidence in using the platform. The only minor issue I've encountered is that the withdrawal speed can sometimes be a bit slow, but overall, it's been a reliable exchange for me.

      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.