Over-Operation

Score

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/10

American Crypto

United States

|

2-5 years

MSB License|

Suspicious Overrun|

Medium potential risk

https://www.americancrypto.com/

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Rating Index
Contact
American Crypto
240-406-7145
support@blackfrogatm.com ​
https://www.americancrypto.com/
Influence
E

Exchange License

FinCEN

FinCENOver-Operation

MSB License

American Crypto Exchange Info

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Company Name
American Crypto
Phone of the company
240-406-7145
855-754-0855
Company website
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Customer Service Email Address
support@blackfrogatm.com ​
support@americancrypto.com

WikiBit Risk Alerts

1
Previous Detection 2024-12-21

MSB License goes beyond their business with the United States FinCEN license (License No.: 31000164519359), please be aware of the risk!

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Time Machine

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AspectInformation
Company NameAmerican Crypto
Registered Country/AreaUnited States
Founded year2015
Regulatory AuthorityFinancial Crimes Enforcement Network (FinCEN)
Number of Cryptocurrencies Available50+
FeesVaries depending on transaction type
Payment MethodsBank transfer, credit/debit card

Overview of American Crypto

American Crypto is a virtual currency exchange that was founded in 2015 and is based in the United States. It is regulated by the Financial Crimes Enforcement Network (FinCEN). The exchange offers a wide range of 50+ cryptocurrencies for trading. Fees vary depending on the type of transaction. American Crypto supports payment methods such as bank transfer and credit/debit card. The customer support options available include email and live chat. Overall, American Crypto provides a reliable platform for users to trade cryptocurrencies with a variety of options for payment and support.

Pros and cons

ProsCons
Wide range of 50+ cryptocurrencies for tradingFees vary depending on the type of transaction
Regulated by the Financial Crimes Enforcement Network (FinCEN)Limited customer support options - only email and live chat
Supports payment methods such as bank transfer and credit/debit card

Regulatory Authority

The regulatory situation of the American Crypto exchange is overseen by the Financial Crimes Enforcement Network (FinCEN). The exchange holds an MSB License under the regulation number 31000164519359. As per the information provided, it is stated that the exchange has exceeded regulation. The license type is specified as “MSB License” and is held by Black Frog Blockchain Ventures LLC.

Security

American Crypto has implemented security measures to protect users' funds and personal information. The exchange employs industry-standard encryption protocols to secure data transmission and storage. Additionally, American Crypto utilizes multi-factor authentication to ensure that only authorized users can access their accounts. The exchange also implements strict verification procedures to prevent fraudulent activities and comply with regulatory requirements. These security measures provide a level of trust and confidence for users when utilizing the American Crypto platform.

Cryptocurrencies Available

American Crypto offers a wide range of 50+ cryptocurrencies for trading. Some of the popular cryptocurrencies available on the platform include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Bitcoin Cash (BCH), among others. Users can buy, sell, and trade these cryptocurrencies on the exchange.

How to open an account?

1. Visit the American Crypto website and click on the “Sign Up” button to start the registration process.

2. Fill out the required personal information, such as your full name, email address, and a secure password for your account.

3. Agree to the terms and conditions of American Crypto, including any legal disclaimers and privacy policies.

4. Complete any additional verification requirements, such as providing identification documents or confirming your email address.

5. Set up additional security measures, such as two-factor authentication, to enhance the security of your account.

6. Once all the necessary steps are completed, you will receive a confirmation email or notification stating that your account registration is successful, and you can proceed with accessing the platform and start trading cryptocurrencies on American Crypto.

Payment Methods

American Crypto supports payment methods such as bank transfer and credit/debit card. The processing time for these payment methods may vary depending on the specific bank or card issuer used by the user.

FAQs

Q: What is the range of cryptocurrencies available for trading on American Crypto?

A: American Crypto offers a diverse selection of 50+ cryptocurrencies for trading, providing users with a wide range of investment opportunities.

Q: What regulatory authority oversees American Crypto?

A: American Crypto is regulated by the Financial Crimes Enforcement Network (FinCEN), ensuring compliance with anti-money laundering and counter-terrorism financing regulations.

Q: What payment methods does American Crypto accept?

A: American Crypto supports payment methods such as bank transfer and credit/debit card, offering users flexibility and convenience in conducting transactions.

Q: What are the customer support options available on American Crypto?

A: American Crypto provides customer support through email and live chat channels, allowing users to seek assistance for their queries and concerns.

Q: How can I register an account on American Crypto?

A: The registration process on American Crypto involves visiting their website, providing personal information, agreeing to the terms and conditions, completing verification procedures if required, setting up additional security measures, and receiving confirmation of a successful account registration.

Q: What is the processing time for payments on American Crypto?

A: The processing time for payments on American Crypto may vary depending on the specific bank or card issuer used by the user. Further details can be obtained by reviewing the payment processing information provided by American Crypto or contacting their customer support.