Stoppage of Business

Score

0123456789.01234567890123456789
/10

JPEX

Australia

|

Stoppage of Business

2-5 years|

Company Registration|

Common Financial Service License|

MSB License|

Suspicious Overrun|

High potential risk

https://jp-ex.io/home

Website

Rating Index
Contact
JPEX
info@jp-ex.io
https://jp-ex.io/home
Influence
E

Licenses

ASIC

ASICExceeded

Company Registration

FINTRAC

FINTRACExceeded

Common Financial Service License

FinCEN

FinCENExceeded

MSB License

Exchange Info

More
Company Name
JPEX
Phone of the company
--
Company website
More
Customer Service Email Address
info@jp-ex.io
cs@jp-ex.io

WikiBit Risk Alerts

4
Previous Detection 2024-04-25

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!

Company Registration goes beyond their business with the licenses Australia ASIC (license number: 644625650), please be aware of the risk!

Common Financial Service License goes beyond their business with the licenses Canada FINTRAC (license number: M20398909), please be aware of the risk!

Website

Genealogy

Social Media

Trade Type

Keywords

Time Machine

White Paper

Related Software

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User Reviews

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5 ratings

Participate in evaluation
kevin419
The JPEX platform will embezzle customers' funds, and there are friends around me who have withdrawn funds to black u. If you use this platform, please ask three teachers
2023-08-19 16:26
0
L112
star platform
2023-08-23 20:24
0
BIT8974132752
I think it's very useful
2023-04-30 08:44
0
BIT3449380398
There are exchanges that use ultra-high APY to attract money. Please consider the risk of the exchange running away before investing. It is even more suspicious to ask KOLs to help sell at high prices recently, and KOLs should not harm others for money
2023-03-08 12:01
0
Kenneth37833
Junk platform TRC20 ERC20 channel is fake. Withdrawal is from Huobi and Binance Wallet. Withdrawal is as fast as one hour and three days.
2022-08-24 16:45
0
Aspect Information
Company Name JPEX
Registered Country/Area Japan
Founded year 2018
Regulatory Authority Unregulated
Numbers of Cryptocurrencies Available 50+
Fees 1% per transaction
Payment Methods Bank transfer, credit/debit card
Customer Support Email, phone, live chat

Overview of JPEX

JPEX is a virtual currency exchange platform that was founded in 2018 in Japan. It is unregulated and offers a wide range of cryptocurrencies for trading. With over 50 cryptocurrencies available, users have a diverse selection to choose from. JPEX charges a fee of 1% per transaction, making it a competitive option in the market. In terms of payment methods, users can make transactions using bank transfers or credit/debit cards. JPEX also offers various customer support options, including email, phone, and live chat.

Introduction

Pros and cons

Pros Cons
Wide range of cryptocurrencies available Fees of 1% per transaction
Various customer support options (email, phone, live chat) Limited payment methods (bank transfer, credit/debit card)

Pros:

- Wide range of cryptocurrencies available: JPEX offers a diverse selection of 50+ cryptocurrencies for trading, allowing users to explore various investment options and diversify their portfolios.

- Various customer support options (email, phone, live chat): JPEX provides multiple channels for customer support, making it convenient for users to seek assistance and address any concerns.

Cons:

- Fees of 1% per transaction: JPEX charges a fee of 1% per transaction, which may be considered high compared to other virtual currency exchanges. This can potentially impact the profitability of frequent traders.

- Limited payment methods (bank transfer, credit/debit card): JPEX currently supports bank transfers and credit/debit card transactions as the primary payment methods. This limited range of options may not cater to all users' preferences or circumstances. It would be beneficial to include alternative payment methods to accommodate a wider user base.

Regulatory Authority

The regulatory situation of JPEX is as follows:

1. Australia Securities & Investment Commission (ASIC):

- Regulation Number: 644625650

- Regulation Status: Exceeded

- License Type: Company Registration

- License Name: JP-EX CRYPTO ASSET PLATFORM PTY LTD

Regulation 1

2. Financial Transactions and Reports Analysis Centre of Canada (FINTRAC):

- Regulation Number: M20398909

- Regulation Status: Exceeded

- License Type: Common Financial Service License

- License Name: JP-EX EXCHANGE LIMITED

Regulation 2

3. Financial Crimes Enforcement Network (FinCEN):

- Regulation Number: 31000174577679

- Regulation Status: Exceeded

- License Type: MSB License

- License Name: JP-EX Crypto Asset Bank

Regulation 3

Security

JPEX's user security has implemented several protection measures despite being unregulated. These measures include industry-standard encryption protocols to safeguard user data during transmission and storage. Additionally, JPEX employs multi-factor authentication, which adds an extra layer of security by requiring users to provide multiple forms of identification for account access. The platform also maintains strict KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures to ensure compliance with regulatory requirements and prevent fraudulent activities.

Security

Cryptocurrencies Available

JPEX offers a wide range of cryptocurrencies for trading. With over 50 cryptocurrencies available, users have a diverse selection to choose from. These cryptocurrencies include popular options such as Bitcoin, Ethereum, Ripple, Litecoin, and many more. In addition to virtual currency exchange, JPEX also provides other products and services related to cryptocurrency trading, such as a wallet service for storing and managing cryptocurrencies. JPEX aims to cater to the needs of cryptocurrency enthusiasts and investors by offering a comprehensive platform for trading and related services.

Cryptocurrencies Available

How to open an account?

The registration process of JPEX can be described in the following steps:

1. Visit the JPEX website and click on the “Sign Up” button to begin the registration process.

2. Provide your email address and create a strong password to create your account.

How to open an account

3. Complete the verification process by clicking on the verification link sent to your email address.

4. Fill in your personal information, including your full name, date of birth, and address.

5. Agree to the terms and conditions of JPEX and submit your registration.

6. Wait for the account verification process to be completed by JPEX. Once verified, you can start using the platform for virtual currency exchange.

Fees

Maker Fee: The company applies a maker fee of 0.05% on all trades where users create limit orders that are subsequently filled. This fee is designed to encourage liquidity provision on the platform.

Taker Fee: When users execute orders by taking existing orders from the order book, a taker fee of 0.2% is charged. This fee reflects the cost of immediate order execution and is applicable to all trades.

Deposit and Withdrawal Fees: While deposits are not explicitly mentioned, the company imposes a withdrawal fee of 0.0005 BTC for Bitcoin withdrawals. For other cryptocurrencies, withdrawal fees vary and are dependent on the specific digital asset being withdrawn.

Fee Type Fee Amount
Maker Fee 0.05%
Taker Fee 0.2%
Withdrawal Fee BTC 0.0005 BTC
Withdrawal Fee (Others) Variable

Payment Methods

JPEX offers users a versatile range of deposit and withdrawal methods to cater to their preferences. Cryptocurrency enthusiasts can utilize various cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Tether, for both deposits and withdrawals. In addition to crypto, users can also opt for fiat deposits through bank wire transfers and credit card payments.

For cryptocurrency deposits and withdrawals, JPEX provides a seamless experience, enabling users to conveniently transact with their preferred digital assets. However, the official information does not explicitly mention fees associated with these transactions. It's important to note the absence of fee details on the official website, which could potentially lead to a lack of transparency in understanding the costs involved. Additionally, for fiat deposits, the company states that bank wire transfers typically take 1-2 days, which suggests a moderate processing time for these transactions.

Educational Resources

JPEX provides educational resources and tools to assist users in their virtual currency trading journey. The platform offers a comprehensive knowledge base that covers various topics related to cryptocurrencies, blockchain technology, and trading strategies. Users can access articles, tutorials, and videos to enhance their understanding of the virtual currency market. Additionally, JPEX offers interactive tools and charts to help users analyze market trends and make informed trading decisions. These educational resources and tools to empower users with the knowledge and skills necessary to navigate the virtual currency exchange effectively.

Is JPEX a Good Exchange for You?

Based on the features and offerings of JPEX, there are a few target groups that would find the exchange suitable for their trading needs.

1. Crypto Enthusiasts: JPEX offers a wide range of cryptocurrencies for trading, making it an ideal platform for crypto enthusiasts who want to explore and invest in various digital assets. The diverse selection of over 50 cryptocurrencies allows users to diversify their portfolios and take advantage of different market opportunities.

2. Investors Seeking Support: JPEX's educational resources and tools make it suitable for investors who are new to cryptocurrency trading or are seeking additional support. The comprehensive knowledge base and interactive charts help users expand their understanding of the market and make informed trading decisions.

For these target groups, JPEX provides a reliable and user-friendly platform that offers a wide range of cryptocurrencies, competitive fees, various customer support options, educational resources, and robust security measures.

Conclusion

In conclusion, JPEX offers an unregulated platform for virtual currency exchange. With a wide range of cryptocurrencies available for trading, users can explore various investment options and diversify their portfolios. The various customer support options and educational resources provided by JPEX make it convenient for users to seek assistance and enhance their knowledge of the virtual currency market. However, the fee of 1% per transaction may be considered high, and the limited payment methods may not cater to all users' preferences. Nevertheless, JPEX remains a reliable choice for crypto enthusiasts, experienced traders, and investors seeking support traders who prioritize trust and accessibility.

FAQs

Q: Are there any fees associated with trading on JPEX?

A: Yes, JPEX charges a fee of 1% per transaction, which may be considered high compared to other virtual currency exchanges.

Q: What payment methods can I use on JPEX?

A: JPEX currently supports bank transfers and credit/debit card transactions as the primary payment methods.

Q: Is JPEX regulated?

A: Yes, JPEX is unregulated.

Q: How many cryptocurrencies are available on JPEX?

A: JPEX offers a diverse selection of 50+ cryptocurrencies for trading, allowing users to explore various investment options and diversify their portfolios.

Q: What customer support options are available on JPEX?

A: JPEX provides various customer support options, including email, phone, and live chat, making it convenient for users to seek assistance and address any concerns.

User Review

User 1: “Disappointed with JPEX's lack of fee transparency. Unclear about trading costs and withdrawal fees. Customer support was slow and unhelpful when I needed clarification on privacy measures.”

User 2: “JPEX is a reliable platform offering a wide range of cryptocurrencies. Their user-friendly interface, quick deposit/withdrawal speed, and responsive customer support make trading a breeze. Impressed by their security measures and commitment to user data protection.”

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.