Question Need a crypto bank

[hansen]

Hello all, I am looking for a crypto Bank to start investing DCA into Bitcoin and was wondering if anyone had feedback on Wallex (wallexbank.com)

 

[Martin Everson]

Did you join the forum 5 minutes ago just to shill this garbage?

 

[brendancrypto]

I would be very carefull when choosing a crypto bank. I did some research about Wallex and found out that it actually doesn't have the necessary licenses to act as a financial institution.

Aside from that I've looked into the Founder (Simone Mazzucca) and discovered some pretty dodgy stuff. Apparently he was involved in some Real Estate fraud in Spain. So I would say stay away from it.

There are many credible Crypto Banks out there, no need to risk with smaller ones.

 

[diatessaron]

I can't help myself, their logo looks like that of HP and their Twitter/Linkedin link doesn't work. Telegram group also has less than 10 members. Sketchy.

 

[Sols]

All you need to know to stay away from Wallex is they have a Comoros banking license (the terms "banking" and "license" used very loosely).

WallexBank is authorized and licensed to conduct banking activities in accordance with the Comoros International Banking Authority Act Number 17-008/02/CIBA/AU of 2017 & Law Number 17-008/AU, authorized by The Central Bank of Comoros.

https://client.wallexbank.com/legal/terms/private
https://en.cryptonomist.ch/2021/04/23/wallex-bank-launching/
https://news.bitcoin.com/wallex-bank-launching-the-next-level-asset-and-digital-asset-ecosystem/