Which Crypto Services are FCA Registered/Regulated?

bery_451

Hello,

From the following list, which crypto/bitcoin service you guys vouch for?:

https://uk.trustpilot.com/categories/cryptocurrency_service?numberofreviews=500&status=all&timeperiod=0

Lastly any of these services are FCA regulated/registered?

Cheers,

Adyinvestment

Without individually checking each one, I think you will find that none are FCA regulated/registered for crypto.

The one which I perceive to be the safest on that list would be eToro as they are FCA regulated for stocks/investments, so know what the FCA requires, and if they were to do something wrong on the crypto side, I would guess this would have a big impact on their regulated business/reputation. They also do not lend or give yield.

masonic

Here you go: https://register.fca.org.uk/s/search?predefined=CA

bery_451

masonic said:

Here you go: https://register.fca.org.uk/s/search?predefined=CA

Cheers, I notice on the FCA list some company names are listed with a different name in compared to their website name which makes it more tricky to check I guess. Any tips?

bery_451

Adyinvestment said:

Without individually checking each one, I think you will find that none are FCA regulated/registered for crypto.

The one which I perceive to be the safest on that list would be eToro as they are FCA regulated for stocks/investments, so know what the FCA requires, and if they were to do something wrong on the crypto side, I would guess this would have a big impact on their regulated business/reputation. They also do not lend or give yield.

Okay great, does eToro allows its customers to withdraw their cryptos to their own crypto wallets you happen to know?

masonic

bery_451 said:

masonic said:

Here you go: https://register.fca.org.uk/s/search?predefined=CA

Cheers, I notice on the FCA list some company names are listed with a different name in compared to their website name which makes it more tricky to check I guess. Any tips?

Many crypto firms are offshore and so conduct business in the UK via a third party provider. For example, Binance uses Skrill. It would be best to start with a preferred company and then verify they are operating through a registered provider, and that's where you are sending your money.

km1500

bery_451 said:

masonic said:

Here you go: https://register.fca.org.uk/s/search?predefined=CA

Cheers, I notice on the FCA list some company names are listed with a different name in compared to their website name which makes it more tricky to check I guess. Any tips?

tips ? yes, avoid crypto.

Adyinvestment

bery_451 said:

Okay great, does eToro allows its customers to withdraw their cryptos to their own crypto wallets you happen to know?

Yes, as long as you are eligible for their eToro Money Wallet

https://www.etoro.com/en-us/customer-service/help/1343545772/how-do-i-send-cryptocurrencies-from-my-etoro-money-crypto-wallet-to-another-wallet/

bery_451

masonic said:

bery_451 said:

masonic said:

Here you go: https://register.fca.org.uk/s/search?predefined=CA

Cheers, I notice on the FCA list some company names are listed with a different name in compared to their website name which makes it more tricky to check I guess. Any tips?

Many crypto firms are offshore and so conduct business in the UK via a third party provider. For example, Binance uses Skrill. It would be best to start with a preferred company and then verify they are operating through a registered provider, and that's where you are sending your money.

Okay I see Skrill on the FCA registered list... so if anything happens to Binance like for example binance site gets hacked, or their country government shuts binance down or binance does a exit scam on its users or anything bad happens then will there be any FCA regulatory protections for users to fall back on 

bery_451

km1500 said:

bery_451 said:

masonic said:

Here you go: https://register.fca.org.uk/s/search?predefined=CA

Cheers, I notice on the FCA list some company names are listed with a different name in compared to their website name which makes it more tricky to check I guess. Any tips?

tips ? yes, avoid crypto.

If all crypto exchanges are scams then yes avoid. How these crypto exchanges get FCA approval then?

bery_451

Adyinvestment said:

bery_451 said:

Okay great, does eToro allows its customers to withdraw their cryptos to their own crypto wallets you happen to know?

Yes, as long as you are eligible for their eToro Money Wallet

https://www.etoro.com/en-us/customer-service/help/1343545772/how-do-i-send-cryptocurrencies-from-my-etoro-money-crypto-wallet-to-another-wallet/

I'm based in UK so am I eligible? There's 2 eToro apps?