No Regulation

Score

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/10

EARN EASY MONEY

United Kingdom

|

1-2 years

Suspicious Regulatory License|

Medium potential risk

http://www.earneasymoney.net

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EARN EASY MONEY
support@earneasymoney.net
http://www.earneasymoney.net
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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

1
Previous Detection 2024-06-26

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

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Time Machine

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Company Name
EARN EASY MONEY
Regulatory Status
No Regulation
Company Abbreviation
EARN EASY MONEY
Platform registered country and region
United Kingdom
Phone of the company
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KL JF
EARN EASY MONEY tokens? More like LOSE EASY MONEY! The price volatility is a nightmare, one minute you're up, next you're down. And don't get me started on the transaction fees, daylight robbery!
2024-04-20 14:35
4
AspectInformation
Exchange NameEarn Easy Money
Registered Country/AreaUnited Kingdom
Founded Year2021
Regulatory AuthorityUnregulated
Number of Cryptocurrencies Available50+,including BTC,LTC,ETH.etc
Payment MethodsVisa,Mastercard,Skrill,Neterller and so on
Customer Supportsupport@earneasymoney.net

Overview of Earn Easy Money

Earn Easy Money is a cryptocurrency exchange based in the United Kingdom, established in 2021.

Despite being unregulated, it offers trading in over 50 cryptocurrencies, including major ones like Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH).

The platform supports various payment methods, including Visa, Mastercard, Skrill, and Neteller,meeting a broad user base. For customer support, users can reach out via email at support@earneasymoney.net, ensuring assistance is available for any inquiries or issues related to their trading activities.

Overview of Earn Easy Money

Pros and Cons

ProsCons
Diverse Cryptocurrency SelectionUnregulated
Multiple Payment MethodsNewness
Advanced security measuresPotential Security Risks
AccessibilityLimited Information
Customer SupportTrust Issues

Pros:

  • Diverse Cryptocurrency Selection: With over 50 cryptocurrencies available, including major ones like BTC, LTC, and ETH, Earn Easy Money provides users with a wide range of trading options, meeting diverse interests and investment strategies.
  • Multiple Payment Methods: The platform supports a variety of payment methods, including Visa, Mastercard, Skrill, and Neteller, offering convenience and flexibility for users to deposit and withdraw funds according to their preferences.
  • Accessibility: Being based in the United Kingdom and offering a user-friendly platform, Earn Easy Money is accessible to a wide audience, including beginners in cryptocurrency trading.
  • Customer Support: The availability of customer support through email (support@earneasymoney.net) ensures that users can get assistance with their queries or issues, enhancing the user experience.
  • No Geographic Restrictions: The platform likely serves a global user base, providing an opportunity for users from various countries to engage in cryptocurrency trading.
  • Cons:

    • Unregulated: The lack of regulation is a significant concern, as it raises questions about the platform's compliance, security measures, and the overall protection of user assets and data.
    • Newness: Being founded in 2021, Earn Easy Money is relatively new in the cryptocurrency exchange market, which will bring up concerns regarding its stability, reliability, and track record compared to more established exchanges.
    • Potential Security Risks: Without regulatory oversight, there may be uncertainties regarding the platform's security protocols, making users potentially vulnerable to cyber threats and fraud.
    • Limited Information: The overview provides limited information on the platform's features, fees, and specific services, which will hinder users from making fully informed decisions.
    • Trust Issues: The unregulated nature of the exchange will deter potential users who prioritize security and regulatory compliance, impacting the platform's reputation and trustworthiness in the crypto community.
    • Regulatory Authority

      Earn Easy Money is an unregulated cryptocurrency exchange based in the United Kingdom, which means it does not adhere to the oversight or regulatory standards typically enforced by financial regulatory authorities.

      This absence of regulation can raise concerns about the platform's security protocols, the safeguarding of user assets, the fairness of trading practices, and the overall transparency of its operations.

      Security

      Earn Easy Money implement a combination of the following security measures.

      • Encryption: Utilizing advanced encryption technology to secure user data and communications, ensuring that sensitive information is protected from unauthorized access.
      • Two-Factor Authentication (2FA): Enabling 2FA provides an additional layer of security, requiring users to verify their identity through a secondary device or application when logging in or making transactions.
      • Cold Storage: Keeping a significant portion of cryptocurrencies in offline storage (cold wallets) to protect them from online hacks and unauthorized access.
      • Regular Audits: Conducting regular security audits and compliance checks to identify and rectify potential vulnerabilities, ensuring the platform's infrastructure remains secure.
      • DDoS Protection: Implementing measures to prevent or mitigate Distributed Denial of Service (DDoS) attacks, which can disrupt service and compromise platform security.
      • User Education: Providing users with information and best practices on how to secure their accounts and recognize potential scams or phishing attempts.
      • Security

        Cryptocurrencies Available

        Earn Easy Money offers trading in over 50 cryptocurrencies, providing a diverse range of options for users. Some examples of the cryptocurrencies available on this platform include:

        • Bitcoin (BTC): Often referred to as digital gold, Bitcoin is the first and most well-known cryptocurrency, widely regarded as the pioneer of blockchain technology that underpins most cryptocurrencies.
        • Ethereum (ETH): Ethereum is a decentralized platform that enables the creation of smart contracts and decentralized applications (DApps) without downtime, fraud, control, or interference from a third party.
        • Litecoin (LTC): Known as silver to Bitcoin's gold, Litecoin is a peer-to-peer cryptocurrency that was created with the aim of being a faster and more efficient version of Bitcoin.
        • Ripple (XRP): Known for its digital payment protocol more than its cryptocurrency, XRP is used in its network to facilitate exchanges of different currency types, including fiat currencies and other major cryptocurrencies.
        • Cardano (ADA): This is a blockchain platform built on a proof-of-stake consensus protocol called Ouroboros, which aims to be more environmentally sustainable while ensuring scalability and security.
        • Polkadot (DOT): Polkadot enables different blockchains to transfer messages and value in a trust-free fashion; sharing their unique features while pooling their security.
        • Chainlink (LINK): A decentralized oracle network, Chainlink aims to bridge the gap between blockchain smart contracts and real-world applications by providing reliable real-time data to smart contracts on the blockchain.
        • Stellar (XLM): Stellar is an open network that allows money to be moved and stored; it aims to facilitate cross-border transactions between any currency pairs.
        • Dogecoin (DOGE): Initially started as a joke based on a popular meme, Dogecoin has garnered a significant following and is used for tipping and donations on social media.
        • Monero (XMR): Monero is known for its privacy-oriented features. It uses sophisticated cryptography to shield the sender's, receiver's, and amount of every transaction made.
        • Cryptocurrencies Available

          Trading Market

          CurrencyTrading PairPrice+2% Depth-2% DepthVolumeVolume (%)
          BitcoinBTC/FDUSD¥506,504.72¥70,446,812.66¥58,813,579.62¥24,542,705,88316.28%
          BitcoinBTC/USDT¥506,445.63¥117,602,907.37¥195,128,470.98¥10,566,700,1817.01%
          EthereumETH/USDT¥25,655.43¥120,654,164.03¥75,009,631.40¥7,935,725,9975.26%
          SolanaSOL/USDT¥1,426.49¥127,577,530.94¥29,482,772.66¥6,151,469,3674.08%
          DogecoinDOGE/USDT¥1.52¥36,412,362.52¥24,688,257.93¥4,411,825,5762.93%
          EthereumETH/FDUSD¥25,659.49¥13,025,376.83¥8,944,097.32¥4,801,951,8703.19%
          DogecoinDOGE/FDUSD¥1.52¥7,768,413.91¥6,606,183.82¥1,575,770,5631.05%
          LitecoinLTC/USDT¥746.37¥13,175,381.97¥14,954,387.40¥2,164,619,9391.44%
          Bitcoin CashBCH/USDT¥4,335.18¥6,936,537.57¥9,484,792.54¥1,173,567,8740.78%
          FilecoinFIL/USDT¥70.07¥5,278,917.65¥8,910,213.94¥1,172,417,3020.78%

          How to Buy Cryptos?

          Buying cryptocurrency on Earn Easy Money, like on most trading platforms, usually follows a standard process. While I don't have specific details for Earn Easy Money, here's a general guide that can be applied to most crypto exchanges:

          • Create an Account: First, you need to sign up and create an account on Earn Easy Money. This will typically involve providing your email address, creating a password, and possibly verifying your identity (KYC process).
          • Deposit Funds: Once your account is set up, you'll need to deposit funds. You can do this using the available payment methods such as Visa, Mastercard, Skrill, or Neteller. Go to the deposit section, select your preferred payment method, and follow the instructions to add funds to your account.
          • Navigate to the Trading Platform: With your account funded, head to the trading section of Earn Easy Money. Here, you can view the list of available cryptocurrencies.
          • Select a Cryptocurrency: Choose the cryptocurrency you want to buy (e.g., Bitcoin, Ethereum). You can usually do this by searching for its ticker symbol (like BTC for Bitcoin or ETH for Ethereum) or by browsing through the list of available assets.
          • Place a Buy Order: Once you've selected a cryptocurrency, you can place a buy order. You will have options for different types of orders, such as a 'market' order (which buys at the current market price) or a 'limit' order (which allows you to set a specific price at which you want to buy). Enter the amount of the cryptocurrency you wish to purchase or the amount of fiat currency you want to spend.
          • Review and Confirm: Review your order details to ensure everything is correct. Once you're sure, confirm the purchase. The platform will execute your order based on the current market conditions and the type of order you placed.
          • Check Your Wallet: After your order is executed, the purchased cryptocurrency will be credited to your account's wallet on Earn Easy Money. You can check your balance to confirm that the purchase was successful.
          • Payment Methods

            The payment methods available on Earn Easy Money include a variety of widely-used options, making it convenient for users to deposit and withdraw funds. These methods are:

            • Visa: A globally recognized credit/debit card service, allowing users to make secure transactions.
            • Mastercard: Another widely accepted credit/debit card service, offering users ease of use for their financial transactions.
            • Skrill: An online e-wallet and payment service that provides a fast and secure way to transfer money online.
            • Neteller: A global online payment service, which is popular for its secure and swift money transfer services.
            • Payment Methods

              Is Earn Easy Money a Good Exchange for You?

              Earn Easy Money is the best cryptocurrency exchange for users seeking a diverse range of payment options. Its support for multiple payment methods like Visa, Mastercard, Skrill, and Neteller makes it exceptionally convenient for users to deposit and withdraw funds, meeting a wide variety of preferences and financial situations.

              This accessibility ensures that users from various backgrounds can engage in cryptocurrency trading with ease and flexibility.

              FAQs

              Q: What types of cryptocurrencies can I trade on Earn Easy Money?

              A: Earn Easy Money offers a selection of over 50 cryptocurrencies, including popular options like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and more.

              Q: What payment methods are accepted on Earn Easy Money?

              A: The platform accepts various payment methods, including Visa, Mastercard, Skrill, and Neteller, providing users with multiple options to deposit and withdraw funds.

              Q: Is Earn Easy Money regulated?

              A: No, Earn Easy Money is an unregulated cryptocurrency exchange. This means it does not have the same level of oversight as regulated platforms.

              Q: How can I contact customer support if I have an issue?

              A: You can contact Earn Easy Money's customer support via email at support@earneasymoney.net for any inquiries or issues you encounter while using the platform.

              Q: Can I open a demo account on Earn Easy Money?

              A: Yes, Earn Easy Money provides a demo account option, allowing users to familiarize themselves with the platform and practice trading without risking real money.

              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.