Over-Operation

Score

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/10

DIGITAL VENTURES GROUP

United States

|

2-5 years

MSB License|

Suspicious Overrun|

Medium potential risk

https://bitcoincryptoatm.com/

Website

Rating Index
Contact
DIGITAL VENTURES GROUP
630-923-1071
support@bitcoincryptoatm.com
https://bitcoincryptoatm.com/
Influence
E

Exchange License

FinCEN

FinCENOver-Operation

MSB License

WikiBit Risk Alerts

1
Previous Detection 2024-12-21

MSB License goes beyond their business with the United States FinCEN license (License No.: 31000180806243), please be aware of the risk!

Website

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Keywords

Time Machine

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Company Name
DIGITAL VENTURES GROUP
Regulatory Status
Over-Operation
Abbreviation
DIGITAL VENTURES GROUP
Platform registered country and region
United States
Phone of the company
630-923-1071

DIGITAL VENTURES GROUP User Reviews

More

1 ratings

Participate in evaluation
...88414
DIGITAL VENTURES GROUP is a great platform! The trading fees are low, the withdrawal speed is fast, it's really convenient. And their customer service is also excellent, always able to answer my questions promptly.
2024-07-19 12:01
5
Aspect Information
Company Name Digital Ventures Group
Registered Country/Area United States
Founded Year 2018
Regulatory Authority FInCEN (Exceeded)
Number of Cryptocurrencies Available Over 100
Payment Methods Bank transfers, major credit/debit cards
Customer Support 24/7 live chat, email, phone support

Overview of DIGITAL VENTURES GROUP

Overview

Digital Ventures Group is a virtual currency exchange based in the United States. The company was founded in 2018 and was regulated by Financial Crimes Enforcement Network (FinCEN). However, the regulation license is now exceeded. It offers a wide range of cryptocurrencies, with over 100 available for trading. The exchange supports payment methods such as bank transfers and major credit/debit cards. Customer support is available 24/7 through live chat, email, and phone.

Pros and Cons

Pros Cons
24/7 customer support Fees vary based on transaction type and volume
Wide range of available cryptocurrencies Limited payment methods
Regulation Exceeded

Pros:

- Wide range of available cryptocurrencies: The exchange offers over 100 cryptocurrencies for trading, providing users with a diverse range of options.

- 24/7 customer support: Digital Ventures Group provides round-the-clock customer support through live chat, email, and phone, ensuring that users can get assistance whenever they need it.

Cons:

- Fees vary based on transaction type and volume: The fees charged by Digital Ventures Group are not fixed and depend on the type and volume of transactions. This can make it difficult for users to accurately estimate their costs.

- Limited payment methods: The exchange only supports bank transfers and major credit/debit cards as payment methods, which may be limiting for users who prefer alternative payment options.

- Regulation by Financial Crimes Enforcement Network (FinCEN) exceeded: Digital Ventures Group was regulated by the FinCEN, but now it has exceeded, which does not provide a level of credibility and security for users.

Regulatory Authority

FinCEN license

The regulatory situation of Digital Ventures Group, LLC, the virtual currency exchange, includes the following information:

Regulatory Agency: Financial Crimes Enforcement Network (FinCEN)

Regulation Number: 31000180806243

Regulation Status: Exceeded

License Type: MSB (Money Services Business) License

License Name: Digital Ventures Group, LLC

Security

Digital Ventures Group takes security seriously and implements various measures to protect user accounts and funds. The exchange utilizes industry-standard security protocols, such as encrypted connections and secure storage of user data. Additionally, Digital Ventures Group employs measures such as two-factor authentication to enhance account security. However, it is important for users to also take personal security precautions, such as using strong passwords and being aware of potential phishing attempts.

Cryptocurrencies Available

Digital Ventures Group's offer to trade in over 100 cryptocurrencies provides a vast opportunity for users to diversify their crypto portfolios. The wide range includes many different types of crypto assets, presumably ranging from well-known, established cryptocurrencies like Bitcoin and Ethereum to less familiar, potentially high-growth alternatives. This kind of range allows investors to tailor their trading strategy according to their risk tolerance, market expectations, and investment objectives. However, remember that investing in cryptocurrencies carries inherent risk due to price volatility and regulatory uncertainties, so it's crucial to conduct thorough research before making trading decisions.

How to Open an Account?

The registration process of DIGITAL VENTURES GROUP involves the following steps:

1. Visit the DIGITAL VENTURES GROUP website and click on the “Get Started” button.

Sign Up

2. Fill out the registration form by providing your personal information, such as your name and email address.

Information required for account setup

3. Agree to the terms and conditions and privacy policy of DIGITAL VENTURES GROUP.

4. Verify your email address by clicking on the verification link sent to your registered email.

5. Complete the KYC (Know Your Customer) process by submitting the required identification documents and any additional information requested.

6. Wait for your account to be approved by DIGITAL VENTURES GROUP. Once approved, you can start using the platform for cryptocurrency trading.

Fees

Digital Ventures Group Exchange remains somewhat elusive when it comes to its fee structure. As of now, there's no readily available information detailing the trading fees, withdrawal charges, or any other associated costs for using the platform. This lack of transparency can be a concern for potential users, as understanding the fee structure is pivotal when choosing an exchange. It's always advisable for traders to seek clarity on such matters before engaging in any trading activities to ensure there are no hidden or unexpected costs.

Payment Methods

DIGITAL VENTURES GROUP supports payment methods such as bank transfers and major credit/debit cards. The processing time for these payment methods may vary depending on the specific banks and card issuers involved. It is advisable to check with your respective bank or card issuer for more information on processing times.

Educational Resources

Digital Ventures Group provides educational resources and tools to help users enhance their understanding of virtual currency and trading. These resources include articles, tutorials, guides, and videos that cover various topics related to cryptocurrency. Additionally, the exchange offers tools such as market analysis, charts, and portfolio tracking to assist users in making informed trading decisions.

Is DIGITAL VENTURES GROUP a Good Exchange for You?

1. Beginner Traders: Digital Ventures Group offers a wide range of educational resources and tools that can be helpful for beginners who are new to the world of cryptocurrency trading. The articles, tutorials, guides, and videos provided by the exchange can help beginners understand the basics of trading and make informed decisions.

2. Experienced Traders: Experienced traders can benefit from the diverse range of over 100 cryptocurrencies available on Digital Ventures Group. Having a wide selection of cryptocurrencies to choose from allows experienced traders to diversify their portfolios and explore different trading strategies.

3. Traders seeking 24/7 support: With 24/7 customer support available through live chat, email, and phone, Digital Ventures Group ensures that traders can receive assistance whenever they need it. This can be particularly beneficial for traders who operate in different time zones or have urgent inquiries or issues.

FAQs

Q: What is P2E initiative management on Digital Ventures Group?

A: Their specialists manage and optimize your P2E investments, ensuring you get the maximum returns..

Q: What does DVG investment process look like?

A: It includes three stages: discovering potential, strategic investment & expert support, and long-term partnership.

Q: Does Digital Ventures Group have 24/7 customer support?

A: Yes, Digital Ventures Group provides round-the-clock customer support through live chat, email (info@digitalventuresgroup.com), and phone.

Q: Can I trade on Digital Ventures Group if I live outside of the United States?

A: Yes.

User Review

User 1:

“I've been using DIGITAL VENTURES GROUP for a while now, and I'm impressed with the level of security they provide. The encrypted connections and two-factor authentication give me peace of mind knowing that my funds are protected. The exchange is also regulated by the SEC, which adds an extra layer of trust. The interface is user-friendly and intuitive, making it easy to navigate and place trades. The liquidity is decent, and there are plenty of cryptocurrencies available for trading. Customer support is responsive, and they've helped me with my inquiries promptly. However, I wish the trading fees were more transparent, as they can vary depending on the transaction volume. Overall, a solid exchange that prioritizes security and user experience.”

User 2:

“DIGITAL VENTURES GROUP is my go-to exchange for crypto trading. The variety of cryptocurrencies available is impressive, with over 100 options to choose from. The customer support is top-notch, they're available 24/7 and always provide helpful assistance. The trading fees are reasonable compared to other exchanges I've used, which is a plus. The privacy and data protection measures are commendable, and I feel confident in the security of my information. The deposit and withdrawal speeds are speedy, allowing for quick transactions. The order types offered are sufficient for my trading needs. I haven't experienced any major stability issues with the platform. Overall, DIGITAL VENTURES GROUP is a reliable and user-friendly exchange that ticks all the right boxes for me.”

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.