No Regulation

Score

0123456789.01234567890123456789
/10

RELAY

United States

|

2-5 years

Suspicious Regulatory License|

Medium potential risk

https://relay.radar.tech/

Website

Rating Index
Influence

Influence

C

Influence Index NO.1

United States 2.54

Better than 91.66% exchange(s)

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C

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

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Company Name
RELAY
Phone of the company
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Customer Service Email Address
support@radar.tech

WikiBit Risk Alerts

1
Previous Detection 2024-07-18

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 RELAY
Registered Country/Area United States
Founded Year 2019
Regulatory Authority No Regulation
Cryptocurrencies Available 100+
Fees Variable, depends on the transaction type and volume
Payment Methods Bank transfer, debit/credit cards, cryptocurrency deposits
Customer Support 24/7 live chat and email; Twitter: https://twitter.com/radarrelay

Overview of RELAY

RELAY, founded in 2019, is an unregulated virtual currency exchange based in the United States. The fees charged by RELAY vary depending on the transaction type and volume, providing flexibility for users. With a wide range of cryptocurrencies available for trading, RELAY supports bank transfers, debit/credit cards, and cryptocurrency deposits.

However, RELAY's official site - https://relay.radar.tech/ is currently not functional.

RELAY

Pros and Cons

Pros Cons
Wide range of cryptocurrencies available Fees vary depending on transaction type and volume
Flexible payment methods Relatively new exchange (founded in 2019)
24/7 live chat and email support

Pros:

1. Wide range of cryptocurrencies available: RELAY offers over 100 different cryptocurrencies for trading, providing users with a diverse selection of options.

2. Flexible payment methods: RELAY supports various payment methods, including bank transfers, debit/credit cards, and cryptocurrency deposits, giving users flexibility and convenience in funding their accounts.

3. 24/7 live chat and email support: RELAY provides customer support through 24/7 live chat and email, ensuring that users can reach out for assistance at any time.

Cons:

1. Fees vary depending on transaction type and volume: The fees charged by RELAY are not fixed and can vary based on the type of transaction and the volume involved. This might make it more challenging for users to predict and budget for transaction costs.

2. Relatively new exchange (founded in 2019): RELAY is a relatively new virtual currency exchange, having been established in 2019. Some users may prefer more established platforms with a longer track record of operations.

Regulatory Authority

RELAY currently lacks valid regulation, which raises significant concerns about its safety and legitimacy. Regulatory oversight is important for ensuring that a financial services provider operates within established standards and adheres to specific rules and requirements designed to protect investors and clients. Unregulated financial services providers are at a higher risk of engaging in fraudulent activities or scams. Lack of oversight makes it easier for bad actors to exploit loopholes and take advantage of unsuspecting investors or clients.

No license

Security

RELAY prioritizes the security of its platform and users' funds. The exchange implements various protection measures to safeguard against potential risks and security breaches. These measures include strong encryption protocols, multi-factor authentication, and cold storage for offline storage of funds. Additionally, RELAY regularly conducts security audits and updates its security protocols to address any vulnerabilities. By taking these security measures, RELAY aims to provide a secure trading environment for its users and protect their assets.

Cryptocurrencies Available

RELAY offers a wide range of cryptocurrencies for trading, with over 100 options available. These cryptocurrencies include popular choices such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), as well as lesser-known digital assets. This diverse selection allows users to engage in various trading strategies and explore different investment opportunities. In addition to cryptocurrency trading, RELAY may also provide other products or services related to virtual currencies.

Trading Market

Currency Pair Price +2% Depth -2% Depth Volume Volume %
1 Netswap METIS/RELAY $2.3198 - - $4,139 84.14%
2 Netswap USDC/RELAY $2.2778 - - $780.33 15.86%

Is RELAY a Good Exchange for You?

RELAY is the best exchange for variety of tradable cryptocurrencies. With over 100 cryptocurrencies available, it caters to users who want exposure to a wide range of digital assets, including both established coins and lesser-known options. This variety allows for more diverse investment strategies and exploration of different crypto projects. The following trading groups may find RELAY suitable:

1. Experienced traders: RELAY's wide range of cryptocurrencies available for trading can attract experienced traders who are seeking diverse investment opportunities. The flexibility in payment methods and the ability to trade multiple cryptocurrencies can cater to their trading strategies and preferences.

2. Cryptocurrency enthusiasts: RELAY's support for over 100 cryptocurrencies can attract cryptocurrency enthusiasts who are interested in exploring and investing in different digital assets. The availability of lesser-known cryptocurrencies can offer unique trading opportunities for this group.

3. Traders seeking secure platforms: RELAY's prioritization of security, including encryption protocols, multi-factor authentication, and cold storage for offline funds, can be appealing to traders who prioritize the safety of their assets. The regular security audits and updates further enhance the platform's security measures.

Conclusion

In conclusion, RELAY offers a wide range of cryptocurrencies for trading, providing users with a diverse selection of options. The platform supports flexible payment methods and provides multiple support channels for customer assistance. However, there are some disadvantages to consider, such as the varying fees depending on transaction type and volume, as well as the relatively new establishment of the exchange. Users are also supposed to notice its unregulated condition.

FAQs

Q: Is RELAY regulated by any authorities?

A: No. It currently has no valid regulation.

Q: What cryptocurrencies are available for trading on RELAY?

A: RELAY offers a wide selection of over 100 cryptocurrencies for trading, including popular choices like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), as well as lesser-known digital assets.

Q: How can I fund my RELAY account?

A: RELAY supports multiple payment methods, including bank transfers, debit/credit cards, and cryptocurrency deposits.

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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