Stoppage of Business

Score

0123456789.01234567890123456789
/10

U8

China

|

Stoppage of Business

5-10 years|

Suspicious Regulatory License|

High potential risk

https://www.u8.com/

Website

Rating Index
Contact
U8
https://www.u8.com/
Influence
E

Exchange License

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

WikiBit Risk Alerts

2
Previous Detection 2026-04-24

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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Trade Type

Keywords

Time Machine

White Paper

Related Software

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New Arrival

Company Name
U8
Regulatory Status
Stoppage of Business
Abbreviation
U8
Platform registered country and region
China
Phone of the company
--

U8 User Reviews

More

1 ratings

Participate in evaluation
香港之味Zheng Ale
Hello, I was cheated for $230,000 on the U8 trading platform. Now they won't let me withdraw and take me to U2. He is a Cantonese who calls himself Huang Hao. I know him on the Binance app. His wallet address is Give them their own coin address 013718B9C1478639600B08D82822 I transferred a lot of money and now I have gone to the Philippines to get some money from Binance Wallet, Huang Hao first asked me to put 20,000 yuan into the U8 platform, and then took me as a node and kept asking me for my principal and principal. The principal platform Being a node made me put 23.1 USD, more than 100,000 USD, more than 580,000 USD before I can withdraw it. I already have all the money and the money can't be cashed out. I asked why I asked for the reason. They said I must recharge more than 10,000 tax. Only later did I find out that they said it was me who was spoofing and being lazy, and it was none of their business. International scam group.
2022-04-10 04:37
0
AspectInformation
Company NameU8
Registered Country/AreaUnited States
Founded year2016
Regulatory AuthorityFinancial Crimes Enforcement Network (FinCEN)
Numbers of Cryptocurrencies Available45
FeesLow trading fees, varying for each trade.
Payment MethodsBank transfers, major credit cards, PayPal.

Overview of U8

U8 is a virtual currency exchange founded in 2016 and based in the United States. It is regulated by the Financial Crimes Enforcement Network (FinCEN). U8 offers a wide range of services to its customers, including the ability to trade in 45 different cryptocurrencies. The platform charges low trading fees, although these fees can vary depending on the specific trade. U8 supports various payment methods, including bank transfers, major credit cards, and PayPal. Additionally, U8 provides customer support through email, live chat, and phone channels, which are available 24/7.

Pros and cons

ProsCons
Regulated by FinCENFees can vary for each trade
Wide range of cryptocurrencies availableTrading fees are low but can still be a consideration
Supports various payment methods-
24/7 customer support available-

Regulatory Authority

The U8 virtual currency exchange is regulated by the Financial Crimes Enforcement Network (FinCEN), which provides a level of accountability and security for users. This regulation helps to ensure that the exchange operates within legal frameworks and follows established guidelines, protecting users from potential scams or fraudulent activities.

FAQs

Q: What cryptocurrencies can I trade on U8?

A: U8 offers a wide range of 45 different cryptocurrencies for trading, allowing users to diversify their portfolio effectively.

Q: What payment methods are supported by U8?

A: U8 supports various payment methods, including bank transfers, major credit cards, and PayPal, providing users with convenient options to deposit and withdraw funds.

Q: Does U8 provide customer support?

A: Yes, U8 offers 24/7 customer support through email, live chat, and phone channels, ensuring that users can receive assistance whenever they need it.

Q: Are there any fees for trading on U8?

A: While U8 charges low trading fees on average, the fees for each trade may vary, so users should be aware of this potential variability.

Q: What security measures does U8 have in place?

A: Information regarding the specific security measures implemented by U8 is not provided, so users should consider additional security measures, such as two-factor authentication and cold storage of cryptocurrencies.

Q: What are the trading features and user interface of U8 like?

A: Unfortunately, the article does not mention any details about the trading features or user interface provided by U8, leaving users with limited information in evaluating the usability of the platform.