No Regulation

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BLAST ROYALE

China

|

2-5 years

2-5 years|Suspicious Regulatory License|Medium potential risk
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E

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E

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

WikiBit Risk Alerts

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Previous Detection 2024-07-18

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

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Company Name
BLAST ROYALE
Regulatory Status
No Regulation
Company Abbreviation
BR
Platform registered country and region
China
Phone of the company
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Aspect Information
Exchange Name BLAST ROYALE
Registered Country/Area China
Founded Year 2-5 years
Regulatory Authority Unregulated
Number of Cryptocurrencies Available Blast Token (BLST)
Fees 0.25%
Payment Methods Cryptocurrency and Fiat currency
Customer Support Twitter and Work Order

Overview of BLAST ROYALE

Blast Royale was established within the past 2-5 years, Blast Royale operates from China, navigating the global crypto market with its array of services.

Notably, Blast Royale operates under an unregulated status, distinguishing itself within a landscape characterized by varying degrees of regulatory oversight. The platform provides access to a limited selection of cryptocurrencies, including its native Blast Token (BLST).

Regarding fees, Blast Royale imposes a transaction fee of 0.25%, ensuring a transparent fee structure for its users. In terms of payment methods, the platform supports both cryptocurrency and fiat currency transactions, facilitating fund transfers and trading activities.

For customer support, Blast Royale offers assistance through social media platforms like Twitter and a dedicated Work Order system, ensuring users have avenues for addressing queries and concerns effectively.

Overview of BLAST ROYALE

Pros and Cons

Pros Cons
Decentralized platform Price volatility
Easy-to-use interface Regulatory challenges
Robust security measures Cybersecurity threats

Pros:

1. Decentralized platform: Unlike traditional financial systems, BLAST ROYALE provides a decentralized platform that facilitates direct and transactions between parties. This system eradicates the need for intermediaries, thereby providing users with complete control over their transactions.

2. Easy-to-use interface: BLAST ROYALE's interface is designed with user-friendliness in mind. It empowers both experienced users and newcomers alike with smooth navigation, quick transactions, and an overall engaging trading experience.

3. Robust security measures: Security is a top priority for BLAST ROYALE, and it leverages advanced technology to ensure that user data and transactions remain safe. BLAST ROYALE uses blockchain technology, biometric authentication, secure wallets, and more to bolster its security architecture.

Cons:

1. Price volatility: As with all cryptocurrencies, assets traded on BLAST ROYALE are subject to sharp price fluctuations. This volatility can lead to unpredictable losses, making it a risky endeavor.

2. Regulatory challenges: Despite efforts to comply with regulatory frameworks, BLAST ROYALE, like other crypto exchanges, still grapples with various regulatory challenges across different territories.

3. Cybersecurity threats: Although BLAST ROYALE employs robust security measures, the threat of cybercrime remains. Users need to exercise caution, as cybercriminals continuously come up with sophisticated methods to BLAST ROYALEeach security precautions.

Regulatory Authority

Blast Royale operates as an unregulated platform. Unregulated financial institutions may not adhere to the same risk management practices as regulated entities. This lack of risk management oversight can expose investors and customers to higher levels of financial risk, including the potential for loss of investments or deposits.

Security

Account Security: Blast Royale prioritizes account security through various measures aimed at safeguarding user accounts from unauthorized access. One such measure is Two-Factor Authentication (2FA), which requires users to provide an additional verification code during login, thereby enhancing account security. Additionally, Blast Royale implements Login Notification features, wherein users receive email or SMS notifications upon login attempts, allowing them to monitor account activity closely. Furthermore, the platform employs Anti-Phishing Protection techniques to mitigate the risk of phishing attacks, enhancing overall account security.

Financial Security: Blast Royale ensures the financial security of its users through robust measures designed to protect their funds. The platform employs Cold Wallet Storage, storing the majority of user funds in offline cold wallets to prevent unauthorized access and hacking attempts. Moreover, users can utilize the Cryptocurrency Address Whitelist feature, enabling them to specify approved withdrawal addresses, thus mitigating the risk of unauthorized fund transfers. Additionally, Blast Royale provides Fund Insurance to safeguard user funds in the event of security incidents, offering added peace of mind to its users.

Other Safety Measures: In addition to account and financial security, Blast Royale implements various other safety measures to uphold the integrity of its platform. Regular Security Audits are conducted to assess and enhance platform security, ensuring that it meets the highest security standards. Furthermore, the platform operates a Bug Bounty Program, encouraging security researchers to identify and report any potential security vulnerabilities, thereby fostering a collaborative approach to security enhancement and ensuring continuous improvement in platform security measures.

Cryptocurrencies Available

Blast Royale employs its proprietary cryptocurrency, Blast Token (BLST), for in-game transactions and features.

Fees

Transaction fee: Blast Royale provides users with a transparent fee structure, including a transaction fee of 0.25%.

Withdrawal fee: Each cryptocurrency possesses a distinct minimum withdrawal threshold, such as 0.001 for BTC and ETH, and 1 for BUSD and USDT. Moreover, withdrawals incur a handling fee, usually represented as a fraction of the total withdrawal amount. For instance, withdrawals of BNB carry a handling fee of 0.0005 BNB, while BUSD withdrawals are subject to a 0.1 BUSD fee.

Cryptocurrency Minimum withdrawal amount Handling fee
BNB 0.001 0.0005 BNB
BUSD 1 0.1 BUSD
BTC 0.001 0.0005 BTC
ETH 0.001 0.0005 ETH
USDT 1 0.1 USDT

Payment Methods

Blast Royale offers two payment methods, namely cryptocurrencies and fiat currencies, to accommodate the preferences of its users.

Cryptocurrency payment methods enable users to conduct transactions using digital assets such as Bitcoin (BTC), Ethereum (ETH), and others supported by the platform.

On the other hand, fiat currency payment methods allow users to utilize traditional currencies like USD, EUR, or GBP to fund their accounts and engage in trading activities.

Services

Blast Royale distinguishes itself not only through its trading platform but also through its robust community engagement and strategic partnerships.

The platform fosters a vibrant and inclusive community where users can interact, share insights, and collaborate on various aspects of cryptocurrency trading and investment. Through forums, social media channels, and community events, Blast Royale cultivates an environment conducive to learning, networking, and idea-sharing among its users.

Services

Additionally, Blast Royale actively seeks partnerships with key players in the cryptocurrency space, including blockchain projects, technology firms, and financial institutions. These partnerships enable Blast Royale to expand its reach, enhance its product offerings, and provide value-added services to its users. By collaborating with industry leaders and innovators, Blast Royale reinforces its position as a leading player in the cryptocurrency ecosystem, driving innovation and growth within the community.

Services

BLAST ROYALE APP

Blast Royale offers accessibility through its dedicated mobile applications available on both iOS and Google Play.

To download the Blast Royale app on your iOS device, simply navigate to the Apple App Store and search for “Blast Royale.” Once located, tap on the “Download” or “Get” button, then follow the on-screen prompts to install the app onto your device.

For Android users, visit the Google Play Store, search for “Blast Royale,” and select the app from the search results. Tap on the “Install” button and complete the installation process as prompted.

The Blast Royale mobile app provides users with a convenient and streamlined way to access the platform's features and services while on the go. With intuitive navigation and optimized functionality for mobile devices, users can easily manage their accounts, execute trades, and stay updated on market movements directly from their smartphones or tablets.

BLAST ROYALE APP
BLAST ROYALE APP

Is BLAST ROYALE a Good Exchange for You?

BLAST ROYALE is the best exchange for traders seeking competitive transaction fees. With a low fee structure of 0.25%, Blast Royale offers cost-effective trading solutions, making it particularly attractive for traders aiming to maximize their returns by minimizing transaction costs.

Casual Traders: Casual traders who engage in occasional buying or selling of cryptocurrencies may find Blast Royale appealing due to its user-friendly interface and selection of digital assets. The platform's low transaction fees make it accessible for traders looking to enter the cryptocurrency market without significant financial commitment.

Long-Term Investors: Long-term investors interested in holding cryptocurrencies for extended periods may appreciate Blast Royale's support for a range of digital assets, including its native Blast Token (BLST). The platform's secure storage options, such as cold wallet storage and fund insurance, provide peace of mind for investors seeking to safeguard their investments over time.

Community-Driven Traders: Traders who value community engagement and collaboration may be drawn to Blast Royale's vibrant community features. The platform's forums, social media channels, and community events offer opportunities for traders to interact, share insights, and collaborate with like-minded individuals, fostering a sense of camaraderie and knowledge-sharing within the community.

Partnership-Oriented Traders: Traders interested in exploring partnership opportunities within the cryptocurrency ecosystem may find Blast Royale appealing due to its emphasis on strategic partnerships. The platform's collaborations with blockchain projects, technology firms, and financial institutions provide avenues for traders to access innovative services and expand their network within the industry.

FAQs

Q: What cryptocurrencies are available on Blast Royale?

A: Blast Royale supports a limited selection of cryptocurrencies, including its native Blast Token (BLST).

Q: What fees does Blast Royale charge?

A: Blast Royale imposes a transaction fee of 0.25%.

Q: What payment methods does Blast Royale accept?

A: Blast Royale accepts both cryptocurrency and fiat currency for transactions.

Q: How can I contact customer support at Blast Royale?

A: Customer support at Blast Royale can be reached through Twitter and a dedicated Work Order system.

Q: Does Blast Royale offer any community features?

A: Yes, Blast Royale fosters a vibrant community through forums, social media channels, and community events, allowing users to interact and share insights.

Q: Does Blast Royale have any partnerships?

A: Yes, Blast Royale actively seeks partnerships with blockchain projects, technology firms, and financial institutions to enhance its offerings and provide value-added services to 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.