No Regulation

Score

0123456789.01234567890123456789
/10

BTCPOP

Marshall Islands

|

5-10 years

Suspicious Regulatory License|

Medium potential risk|

https://btcpop.co/

Website

Rating Index
Influence

Influence

A

Influence Index NO.1

France 7.78

Better than 97.89% exchange(s)

Biz Area

Search Statistics

Advertising

Social Media Index

Influence
A

Licenses

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

Exchange Info

More
Company Name
BTCPOP
Phone of the company
--
Company website
More
Customer Service Email Address
support@btcpop.co

WikiBit Risk Alerts

1
Previous Detection 2024-03-29

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

Website

Genealogy

Social Media

Trade Type

Keywords

Time Machine

White Paper

Related Software

Github

Related Docs

All Corps

New Arrival

Vol Stat

Influence

Yesterday Vol

7 Days

By company

No data

User Reviews

More

0 ratings

Participate in evaluation
Post comments, leave your thoughts and feelings
make a comment
Aspect Information
Company Name BTCPOP
Registered Country Marshall Islands
Founded year 2014
Regulatory Authority BTCPOP
Numbers of Cryptocurrencies Available Unregulated
Fees Variable fees depending on the type of transaction
Payment Methods Bank transfer, cryptocurrency deposits/withdrawals
Customer Support Email support

Overview of BTCPOP

BTCPOP is a virtual currency exchange platform that was founded in 2014. The platform offers a wide range of over 60 cryptocurrencies, allowing users to diversify their digital assets. BTCPOP charges variable fees depending on the type of transaction, providing flexibility for users. Payment methods include bank transfers and cryptocurrency deposits & withdrawals. Customer support is available through email, ensuring assistance for any inquiries or concerns.

Overview of BTCPOP

Pros and cons

Pros Cons
Wide range of over 60 cryptocurrencies available Lack of regulatory authority
Variable fees allow flexibility for users Limited payment methods (only bank transfers and cryptocurrency deposits/withdrawals)
Customer support available through email No official regulatory oversight
long-standing presence

Pros:

- Wide range of over 60 cryptocurrencies available: BTCPOP offers users a diverse selection of cryptocurrencies to trade, allowing them to explore different investment opportunities and potentially maximize their returns.

- Variable fees allow flexibility for users: By implementing variable fees, BTCPOP caters to users with different trading preferences and budgets. This flexibility ensures that users can choose the fee structure that aligns with their trading style and objectives.

- Customer support available through email: BTCPOP provides customer support through email, enabling users to reach out for assistance whenever they encounter any issues or have inquiries. This responsive support system helps ensure a smooth trading experience for users.

- Established since 2014: With a history dating back to 2014, BTCPOP has been operating in the virtual currency exchange market for a significant period. This long-standing presence may bring a sense of trust and reliability to users.

Cons:

- Lack of regulatory authority: BTCPOP operates without any official regulatory oversight. This lack of regulation raises concerns about the platform's security measures and potential risks associated with trading on an unregulated exchange.

- Limited payment methods (only bank transfers and cryptocurrency deposits/withdrawals): BTCPOP's payment methods are limited to bank transfers and cryptocurrency deposits/withdrawals. This limitation may deter users who prefer other payment options or who do not have access to these specific methods.

- No official regulatory oversight: Without regulatory authority, BTCPOP's operations are not subject to external scrutiny, potentially leaving users more vulnerable to issues such as fraud or security breaches.

Pros and cons

Regulatory Authority

BTCPOP operates without regulatory oversight, offering advantages like fee flexibility but also introducing risks. Not being regulated means no assurance of security, stability, or industry adherence. This exposes traders to potential hazards including fraud, security breaches, and price manipulation.

To lessen these risks, traders should take precautions. Research the exchange's reputation and reviews in the crypto community. Exercise caution when depositing funds, only risking what's acceptable to lose. Maintain separate wallets for cryptocurrencies instead of prolonged storage on the exchange. Diversify investments across multiple exchanges to minimize exposure to any single platform and spread risk in case of breaches or issues.

Security

Unlike other companies, BTCPOP don't rely on 3rd party services. Your coins are stored in offline storage with only a small portion available via its hot wallets.

However, it is important for users to be aware that operating on an unregulated exchange may introduce higher risks in terms of security. As BTCPOP operates without official regulatory oversight, there is no guarantee of the platform's security measures or adherence to industry standards. This lack of regulation can potentially expose users to risks such as security breaches, fraud, or manipulation of prices. Therefore, it is advisable for users to exercise caution and ensure they take appropriate security measures when engaging with the platform.

Cryptocurrencies Available

BTCPOP offers a variety of cryptocurrencies for trading and lending, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), and others. However, I recommend checking their official website or a current source to get the most up-to-date and accurate information about the cryptocurrencies available on the BTCPOP platform.

Fees

Members can seek personal and business loans of different kinds. It charges a small fee on the type of loan applied. For instance:-

  • On no collateral loans, about 4% of the loan amount is charged.

  • On loans with unverified collateral, 3% of the loan amount is charged.

  • On loans with verified collateral, 2% will be charged on the loan amount.

Moreover, you can check out the FAQs section of the official site to get more insights.

Loan Type Collateral Fee Rate
No Collateral Loans None 4%
Unverified Collateral Unverified 3%
Verified Collateral Verified 2%

Deposit & Withdrawal

Since BTCPOP does not regulate or determine rates on loans, BTCPOP instead charges fees. They charge a listing fee of 1% and 2% for any late payments. They also charge staking fees, verification fees and more, which can all be found on their fee list:

BTCPOP, a peer-to-peer lending platform, generally supports a variety of payment methods for its users. These can include traditional methods like bank transfers, PayPal, and credit/debit cards, as well as cryptocurrencies like Bitcoin. It's best to check directly on the BTCPOP website or contact their support for the most up-to-date information on available payment methods.

Deposit & Withdrawal

How to open an account?

Creating an IPO has never been so simple. As long as you have a unique idea for a business, all you need to do is:

  • Register a BTCPOP account

  • Get verified

  • Visit our ‘Create an IPO’ page

  • Complete the forms

  • SUBMIT!

  • After you have submitted your IPO, it will be reviewed by a member of BTCPOP's team who will either approve your IPO, or will ask you to make some changes. Once your IPO has been approved it will then be listed for other users to invest in your new and exciting adventure!

    open an account

    Educational Resources

    BTCPOP offers a variety of educational resources to help users learn about Bitcoin and cryptocurrency. These resources include:

    The BTCPOP Academy: This is a comprehensive online course that teaches users the basics of Bitcoin and cryptocurrency. The course covers topics such as how Bitcoin works, how to buy and sell Bitcoin, and how to store Bitcoin safely.

    Educational Resources

    The BTCPOP Blog: The BTCPOP blog features articles on a variety of topics related to Bitcoin and cryptocurrency, such as news, tutorials, and analysis.

    The BTCPOP Forum: The BTCPOP forum is a community forum where users can ask questions, get help, and discuss Bitcoin and cryptocurrency.

    BTCPOP FAQ: The BTCPOP FAQ is a great resource for finding answers to common questions about cryptocurrency. The FAQ covers topics such as security, fees, and regulations.

    The BTCPOP Learning Center: The BTCPOP Learning Center is a collection of educational resources, including videos, articles, and infographics.

    BTCPOP also offers a variety of other educational resources, such as webinars, meetups, and hackathons. To learn more about these resources, visit the BTCPOP website.

    Is BTCPOP a Good Exchange for You?

    BTCPOP can cater to different trading groups based on their specific needs and preferences. Here are some target groups that may find BTCPOP suitable, along with recommendations for each group:

    1. Experienced traders: BTCPOP's wide range of over 60 cryptocurrencies available can be appealing to experienced traders who are seeking diverse investment opportunities. These traders may benefit from the flexibility offered by variable fees, allowing them to choose a fee structure that aligns with their trading style. Additionally, the availability of customer support through email can provide assistance whenever needed.

    2. Cryptocurrency enthusiasts: For individuals interested in exploring the world of cryptocurrencies, BTCPOP's platform offers a variety of options to start their journey. The wide selection of cryptocurrencies can provide opportunities for enthusiasts to learn and experiment with different digital assets. However, it is important to note that a lack of official regulatory authority may increase the risk for this group, and caution should be exercised.

    3. Traders seeking a long-standing exchange: BTCPOP has been operating since 2014, which may attract traders who prioritize a sense of trust and reliability. This group may value the fact that BTCPOP has been established in the virtual currency exchange market for a significant period.

    4. Users looking for platform simplicity: BTCPOP's platform offers payment methods such as bank transfers and cryptocurrency deposits/withdrawals. This simplicity can be suitable for users who prefer straightforward transactions without the need for complex payment options.

    It is crucial to note that while these recommendations are based on the available information, caution should be exercised when trading on an unregulated exchange like BTCPOP. Traders should perform their own due diligence, research the platform, and be aware of the potential risks associated with trading on unregulated exchanges.

    Conclusion

    In conclusion, BTCPOP is a virtual currency exchange that has been operating since 2014. It offers a wide range of over 60 cryptocurrencies, providing users with the opportunity to diversify their digital assets. The platform's variable fees offer flexibility for traders with different budgets and trading styles, and customer support through email ensures assistance for any inquiries. However, BTCPOP operates without any official regulatory authority, which raises concerns about security measures and potential risks associated with trading on an unregulated exchange. Additionally, the limited payment methods may be a drawback for users who prefer other options. Traders should exercise caution, conduct thorough research, and be aware of the risks involved when trading on an unregulated exchange like BTCPOP.

    FAQs

    Q: How long has BTCPOP been in operation?

    A: BTCPOP has been established since 2014, making it a longstanding presence in the virtual currency exchange market.

    Q: Is BTCPOP suitable for experienced traders?

    A: Yes, BTCPOP offers a wide range of cryptocurrencies and variable fees, which can be appealing to experienced traders. They can explore different investment opportunities and choose a fee structure that aligns with their trading style.

    Q: Can BTCPOP be suitable for cryptocurrency enthusiasts?

    A: Yes, BTCPOP's platform provides a variety of cryptocurrencies for enthusiasts to learn and experiment with. However, caution should be exercised due to the lack of regulatory oversight.

    Q: Can BTCPOP be suitable for users looking for a simple platform?

    A: Yes, BTCPOP offers payment methods such as bank transfers and cryptocurrency deposits/withdrawals, providing a straightforward and simple platform for users.

    Q: What should traders consider when trading on BTCPOP?

    A: Traders should conduct thorough research, read reviews, and exercise caution. They should also consider diversifying their investment across multiple exchanges to reduce risk.

    Q: Does BTCPOP have official regulatory oversight?

    A: No, BTCPOP operates without any official regulatory authority, which may raise concerns about security measures and potential risks associated with trading on an unregulated exchange.

    User Review

    User 1: I've been using BTCPOP for a while now and I have mixed feelings about it. On one hand, I appreciate the wide range of cryptocurrencies available on the platform, giving me the opportunity to explore different digital assets. The customer support has also been quite helpful, especially when I had some inquiries about my account. However, one aspect that concerns me is the lack of official regulatory oversight. It makes me a bit uneasy about the platform's security measures and the potential risks involved. Additionally, I found the interface a bit confusing at first, but I gradually got used to it.

    User 2: As an experienced trader, BTCPOP has been a great platform for me. The variable trading fees allow me to choose a fee structure that suits my trading style and budget. I also appreciate the liquidity on the platform, as it enables smooth trading without any major issues. The wide range of cryptocurrencies available is a definite advantage, giving me plenty of options to diversify my investments. However, I do have reservations when it comes to security and regulation. The lack of official regulatory oversight makes me question the platform's security measures, and I believe more transparency in terms of regulation would be beneficial for all users.

    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.