Stoppage of Business

Score

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/10

DGalaxy

Singapore

|

Stoppage of Business

2-5 years|

MSB License|

Suspicious Overrun|

High potential risk

http://www.dgalaxy.com/

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Contact
DGalaxy
service@dgalaxy.group
http://www.dgalaxy.com/
Influence
E

Licenses

FinCEN

FinCENOver-Operation

MSB License

WikiBit Risk Alerts

2
Previous Detection 2024-11-22

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!

MSB License goes beyond their business with the United States FinCEN license (License No.: 31000194327050), please be aware of the risk!

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Time Machine

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

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AspectInformation
Company NameDGalaxy
Registered Country/AreaUnited States
Founded year2015
Regulatory AuthorityFinancial Crimes Enforcement Network (FinCEN)
Numbers of Cryptocurrencies AvailableOver 100
FeesVaries based on transaction type and volume
Payment MethodsCredit/debit cards, bank transfers, cryptocurrencies

Overview of DGalaxy

DGalaxy is a virtual currency exchange headquartered in the United States. The company was founded in 2015 and operates under the regulatory authority of the Financial Crimes Enforcement Network (FinCEN). DGalaxy offers a wide range of cryptocurrencies for trading, with over 100 options available to users.

The fees charged by DGalaxy vary based on the type of transaction and volume. Customers can make payments through credit/debit cards, bank transfers, and cryptocurrencies. DGalaxy also provides customer support around the clock, with 24/7 live chat and email support options.

With its strong regulatory framework and diverse range of cryptocurrencies, DGalaxy offers users a secure and efficient platform for virtual currency exchange.

Pros and cons

ProsCons
Wide range of cryptocurrencies availableFees vary based on transaction type and volume
Strong regulatory frameworkLimited payment methods
24/7 customer support-
Secure and efficient platform-

Regulatory Authority

DGalaxy operates under the regulatory authority of the Financial Crimes Enforcement Network (FinCEN). This regulatory framework ensures that the exchange complies with anti-money laundering and other financial regulations. By adhering to these regulations, DGalaxy provides a secure and transparent environment for virtual currency exchange.

Security

1. Two-factor authentication: DGalaxy implements two-factor authentication to add an extra layer of security to user accounts. This additional verification step helps prevent unauthorized access to accounts.

2. Cold storage: DGalaxy stores the majority of user funds in offline cold storage wallets. Cold storage involves keeping cryptocurrencies in devices that are not connected to the internet, minimizing the risk of online attacks and unauthorized access.

3. Data encryption: DGalaxy encrypts sensitive user data, such as personal information and financial details, to protect it from unauthorized access or hacking attempts.

4. Regular security audits: DGalaxy conducts regular security audits to identify and address any potential vulnerabilities in its systems. These audits help maintain the integrity and security of the platform.

Cryptocurrencies Available

DGalaxy offers users a wide range of cryptocurrencies for trading. With over 100 options available, users have the opportunity to diversify their investment portfolios and take advantage of various trading opportunities. Some of the popular cryptocurrencies available on DGalaxy include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), and Litecoin (LTC), among others.

How to open an account?

1. Visit the DGalaxy website: Go to the DGalaxy website and click on the “Sign Up” or “Register” button to begin the registration process.

2. Fill out the registration form: Provide your personal information, such as your full name, email address, and password. Make sure to use a strong and unique password to secure your account.

3. Verify your email: After submitting the registration form, you will receive an email from DGalaxy with a verification link. Click on the link to verify your email address.

4. Complete the KYC process: DGalaxy is regulated by the Financial Crimes Enforcement Network (FinCEN), so you will need to complete a Know Your Customer (KYC) verification process. This may require providing identification documents, such as a passport or driver's license, and proof of address.

5. Set up two-factor authentication: Enable two-factor authentication (2FA) for an added layer of security. This will require you to download an authenticator app, such as Google Authenticator, and link it to your DGalaxy account. The app will generate time-based codes that you will need to enter during the login process.

6. Deposit funds and start trading: Once your account is verified and set up, you can deposit funds into your DGalaxy account using supported payment methods. After depositing funds, you can start trading cryptocurrencies on the DGalaxy platform.

Payment Methods

DGalaxy supports multiple payment methods for users to deposit and withdraw funds. These payment methods include credit/debit cards, bank transfers, and cryptocurrencies. Users can choose the payment method that is most convenient for them.

Processing times for deposits and withdrawals may vary depending on the chosen payment method. Credit/debit card deposits and cryptocurrency deposits are typically processed instantly or within a few minutes. Bank transfers may take longer, usually ranging from a few hours to a few business days, depending on the banks involved and the country of the user.

Withdrawal processing times also depend on the chosen method. Cryptocurrency withdrawals are usually processed quickly, often within a few minutes. Bank transfers may take longer, similar to deposit processing times, and can range from a few hours to a few business days.

FAQs

Q: What cryptocurrencies are available for trading on DGalaxy?

A: DGalaxy offers a wide range of cryptocurrencies for trading, including popular ones like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), as well as lesser-known altcoins.

Q: What are the fees for trading on DGalaxy?

A: DGalaxy charges competitive fees for trading, which vary depending on the type of trade and the trading pair. Users can refer to the fee schedule on the DGalaxy website for detailed information.

Q: Can I trade cryptocurrencies using my mobile device?

A: Yes, DGalaxy provides a mobile app that allows users to trade cryptocurrencies on the go. The mobile app offers a user-friendly interface and all the trading features available on the web platform.

Q: Are there any withdrawal limits on DGalaxy?

A: Yes, DGalaxy imposes withdrawal limits to ensure the security of user funds. The limits may vary depending on factors such as the user's account verification level and the chosen cryptocurrency. Users can find more information about withdrawal limits on the DGalaxy website.

Q: Does DGalaxy offer customer support?

A: Yes, DGalaxy provides customer support to assist users with their inquiries and issues. Users can reach out to the DGalaxy support team through the contact form on the website or via email.

Q: Is DGalaxy regulated?

A: DGalaxy is a regulated virtual currency exchange and complies with the regulations set forth by the Financial Crimes Enforcement Network (FinCEN) and other relevant authorities. The platform prioritizes the security and privacy of user funds.