jubiter

Overview of jubiter

Jubiter is a virtual currency exchange platform operated by Jubiter Technologies OU, a company registered in Slovakia. It was founded in 2017. It is noted that it has no regulation and has closed its operation.

Pros and Cons

Pros:

N/A

Cons:

- Limited payment options: With only bank transfers and credit/debit cards accepted, Jubiter lacks the diversity in payment methods that some users may desire.

- FinCEN exceeded: The license of FinCEN is exceeded. Therefore, Jubiter is not regulated, which can be a concern for users who prioritize the safety and oversight provided by regulated platforms. Lack of regulation can increase the risk associated with using the exchange.

- Operation Closed: Jubiter has closed its operation. It can be disappointing for users who relied on the platform for their cryptocurrency trading needs.

Regulatory Authority

MSB License goes beyond their business with the licenses United States FinCEN (license number: 31000125708219). Therefore, Jubiter currently has no valid regulation, which means that there is no government or financial authority oversighting their operations. It makes investing with them risky.

If you are considering investing with Jubiter, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated exchanges to ensure your funds are protected.

Security

One of the key security features is the use of cold storage for cryptocurrencies. Furthermore, Jubiter implements industry-standard security protocols, such as SSL encryption, to protect sensitive data transmitted between users and the platform. This encryption helps prevent unauthorized interception of information, adding an additional layer of security. To further enhance security, Jubiter encourages users to utilize two-factor authentication (2FA) for their accounts.

However, Jubiter has ceased its operation, and it has been listed in WikiBit's shut down list of Exchange; please be aware of the risk!

Cryptocurrencies Available

Jubiter offers a wide range of cryptocurrencies for trading, providing users with access to multiple digital assets. While the specific cryptocurrencies available may vary, the platform aims to include a diverse selection to cater to the needs and preferences of traders. This allows investors to diversify their portfolios and take advantage of potential opportunities in different cryptocurrency markets.

Fees

Since the website is closed and unavailable, it is not possible to provide specific information about the fees ofJubiter. It is recommended to contact their customer support or check their official communication channels for updated information regarding fees and any related queries.

Payment Methods

Jubiter accepts bank transfers and credit/debit card payments as its payment methods. These options provide users with convenient ways to deposit and withdraw funds on the platform. The processing time for payments may vary depending on the specific payment method chosen by the user. It is advisable to check with Jubiter directly or refer to their website for more detailed information on the processing times for each payment method.

FAQs

Q: Is Jubiter regulated？

A:No. It has no regulation.

Q: What payment methods does Jubiter accept？

A: Jubiter accepts bank transfers and credit/debit card payments as its payment methods, providing users with convenient options for depositing and withdrawing funds on the platform.

Q: Is Jubiter a good crypto exchange for beginners？

A: No. Because it has no regulation and its operation is closed.

User Review

User 1: The website can not be accessible. It has closed its operation. Please, be careful!

User 2: I never have any issues with executing my trades, and the platform seems to have good order book depth. Customer support has been helpful whenever I've reached out, and I appreciate their prompt responses. The trading fees are reasonable and transparent, which is a plus. However, I wish they had a wider selection of cryptocurrencies available for trading. Also, the deposit and withdrawal speed could be improved.

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.