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).

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/