Exceeded

Score

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/10

KB Asset Management

United States

|

2-5 years

MSB License|

Suspicious Overrun|

Medium potential risk|

https://www.kbasset.me

Website

Rating Index
Contact
KB Asset Management
https://www.kbam.cc/dist/#/
Influence
E

Licenses

FinCEN

FinCENExceeded

MSB License

WikiBit Risk Alerts

1
Previous Detection 2024-03-01

MSB License goes beyond their business with the licenses United States FinCEN (license number: 31000223768188), please be aware of the risk!

Website

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Trade Type

Keywords

Time Machine

White Paper

Related Software

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New Arrival

Company Name
KB Asset Management
Regulatory Status
Exceeded
Company Abbreviation
KBAM
Platform registered country and region
United States
Phone of the company
--

User Reviews

More

1 ratings

Participate in evaluation
FX2761768342
Very rubbish trading platform, when you invest more than $50,000, you cannot withdraw funds to your bank card, or transfer your cryptocurrency to other exchanges. The support team is all bots and they haven't gotten back to me for a month. Very rubbish trading platform when you invest more than $50k. You cannot withdraw funds to a bank card or transfer your cryptocurrencies to other exchanges. The support team is bots and they haven't gotten back to me for a month.
2022-11-09 18:26
0
0

KB Asset Management · Company Summary

Aspect Information
Company Name KBAM
Registered Country/Area United States
Founded year 2015
Regulatory Authority FinCEN(exceeded)
Numbers of Cryptocurrencies Available 50+
Fees 0.01%~0.2%
Payment Methods Bank transfer, credit/debit card
Customer Support 24/7 chat and email support

Overview of KBAM

KBAM is a virtual currency exchange company based in the United States. It was founded in 2015 and operates under the regulatory authority of the FinCEN. The platform offers a wide range of cryptocurrencies, with over 50 options available for trading. KBAM implements a tiered fee structure, where transaction fees vary based on the trading volume. Users can make payments through bank transfer or credit/debit card. The company provides customer support through 24/7 chat and email service.

KB Asset Management

Pros and cons

Pros Cons
Wide range of cryptocurrencies available Transaction fees vary based on trading volume
24/7 chat and email support Limited educational Resources
Limited market analysis and insights

Pros:

Wide range of cryptocurrencies available: KBAM supports a variety of cryptocurrencies, giving users the opportunity to explore and invest in different digital assets.

24/7 customer support: CryptoOrange provides round-the-clock customer support via email, phone, and live chat. This allows users to receive timely assistance and address any issues or concerns they may have.

Cons:

Exceeded regulation status: KBAM Exchange has exceeded the regulatory requirements set by FinCEN.

Limited educational Resources: One notable drawback of the trading platform CryptoOrange is the absence of comprehensive educational resources for users.

Limited market analysis and insights: While the platform offers a range of features for trading, it seems to lack comprehensive market analysis tools and insights that can assist traders in making informed decisions.

Regulatory Authority

It demonstrates that KBAM operates under the oversight and regulation of the Financial Crimes Enforcement Network (FinCEN). The regulation number is 31000223768188. However, KBAM Exchange has exceeded the regulatory requirements set by FinCEN.

Regulatory Authority

Security

KBAM prioritizes security measures to ensure the safety of user funds and personal information. The platform employs various protection measures such as encryption technology and two-factor authentication to safeguard user accounts and data. Additionally, KBAM follows industry best practices and continuously updates its security protocols to defend against potential cyber threats. These measures aim to enhance the overall security of the platform and provide users with a secure trading environment.

Cryptocurrencies Available

KBAM offers a wide range of cryptocurrencies for trading. With over 50 options available, users have the opportunity to invest in various digital assets. The selection includes popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), as well as lesser-known options. Additionally, KBAM may also provide other products or services related to virtual currency exchange, such as wallet services or investment opportunities.

Cryptocurrencies Available

How to open an account?

The registration process for KBAM can be broken down into the following six steps:

1. Visit the KBAM website: Go to the official AIRSWAP website (www.airswap.io) and click on the “Sign Up” button located at the top right corner of the homepage.

2. Provide your email address: Enter your valid email address in the provided field. This will be used for account verification and communication purposes.

3. Create a password: Choose a strong password that meets the platform's security requirements. It is recommended to use a combination of uppercase and lowercase letters, numbers, and special characters.

4. Confirm your email: Check your inbox for a verification email from KBAM Click on the verification link provided in the email to confirm your email address and activate your account.

5. Complete the KYC process: As part of the registration process, you will need to complete the Know Your Customer (KYC) procedure. This involves providing personal information and verifying your identity by submitting relevant documents such as a government-issued ID.

6. Start trading: Once your account is activated and the KYC process is completed, you can start trading on KBAM. Deposit cryptocurrencies into your account and navigate to the trading interface to initiate trades with other users on the platform.

Fees

KBAM charges a percentage of the trade value for trading its investment products. The trading fees vary depending on the product being traded and the trading volume.

Trading Type Trading Amount (KRW) Trading Fee (%)
Mutual Funds ≤ 10,000,000 0.10%
10,000,001 - 100,000,000 0.05%
> 100,000,000 0.02%
ETFs ≤ 10,000,000 0.03%
10,000,001 - 100,000,000 0.01%
> 100,000,000 0.01%
Structured Products ≤ 10,000,000 0.20%
10,000,001 - 100,000,000 0.10%
> 100,000,000 0.05%

Payment Methods

Deposit Fees

KB Asset Management charges a fee for depositing funds into its trading platform. The deposit fees vary depending on the payment method used:

Payment Method Fee
Bank Transfer 0 won
Credit Card 1.5% of deposit amount
Online Banking 0 won

Withdrawal Fees

KB Asset Management charges a fee for withdrawing funds from its trading platform. The withdrawal fees vary depending on the payment method used:

Payment Method Fee
Bank Transfer 0 won
Credit Card 1.5% of withdrawal amount
Online Banking 0 won

Educational Resources

KBAM's trading platform lacks educational resources, which can make it difficult for new investors to learn how to use the platform and trade its products.

Some of the educational resources that are missing from KBAM's trading platform include: a comprehensive user guide, video tutorials, live webinars, etc.

The lack of educational resources on KBAM's trading platform can make it difficult for new investors to learn how to use the platform and trade its products. This can lead to mistakes and losses, which can discourage new investors from trading.

Is KBAM a Good Exchange for You?

When analyzing the trading groups that may find KBAM suitable, several factors should be considered. Here are some potential target groups and corresponding recommendations:

1. Experienced cryptocurrency traders: KBAM's wide range of supported cryptocurrencies can appeal to experienced traders who value transparency and desire access to a diverse selection of digital assets. These traders may benefit from the platform's user-friendly interface and direct peer-to-peer trading capabilities.

2. Crypto enthusiasts seeking alternative platforms: For individuals who are passionate about cryptocurrencies and prefer decentralized platforms, AKBAM's user-friendly interface and wide range of supported cryptocurrencies can be appealing.

Conclusion

In conclusion, KBAM is a virtual currency exchange company that offers a wide range of cryptocurrencies for trading. KBAM also provides 24/7 customer support through chat and email. However, it is important to note the platform is regulated by the FinCEN, but the status is exceeded. Additionally, the limited payment methods offered by KBAM, such as bank transfers and credit/debit cards, may not cater to users who prefer alternative payment options. Overall, while KBAM provides a diverse selection of cryptocurrencies and prioritizes security measures, it may have certain limitations in terms of fee structure and payment options.

FAQs

Q: What cryptocurrencies are available for trading on KBAM?

A: KBAM offers a wide variety of cryptocurrencies, including popular options like Bitcoin, Ethereum, and Ripple, as well as lesser-known digital assets.

Q: What are the fees charged by KB Asset Management?

A: KBAM charges a variety of fees, including trading fees, deposit fees, and withdrawal fees. The specific fees charged vary depending on the product being traded and the trading volume.

Q: Does KBAM support alternative payment methods?

A: KBAM primarily supports payment methods such as bank transfers and credit/debit cards.

Q: What customer support options are available on KBAM?

A: KBAM offers 24/7 chat and email support, ensuring that users can seek assistance or resolve any issues at any time.

User Review

User 1:

“I've been using KBAM crypto exchange for a while now, and I have to say, the security measures they have in place are top-notch. I feel confident knowing that my funds and personal information are well protected. The interface is also user-friendly and easy to navigate, making it a breeze to trade cryptocurrencies. The customer support team is responsive and helpful, always there to assist when I have any questions or issues. The only downside I've noticed is that the trading fees can be a bit high, especially for frequent traders. Overall, I'm satisfied with KBAM's security, interface, and customer support.”

User 2:

“I recently started trading on KBAM crypto exchange, and one thing that stood out to me is the regulation by the US Securities and Exchange Commission (SEC). It gives me peace of mind knowing that the exchange operates under the oversight of a reputable regulatory agency. The variety of cryptocurrencies available on the platform is also impressive, giving me plenty of options to diversify my investments. The liquidity is generally good, and I haven't faced any issues with deposit and withdrawal speed. The only minor inconvenience I encountered was the lack of advanced order types, but it's not a deal-breaker for me. In terms of security, interface, and overall stability, KBAM has been reliable so far.”

User Review

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.