Cyprusauction Trading Center is a mysterious entity that is said to be around from 2019. From the looks of it, they are trying to make a mark in the cryptocurrency sector. Note that, they are targeting multiple-jurisdictions and as an end user, you need to make sure whether they are registered locally to be on the safer side.
Based on what we see from numerous online sources, the platform is trying to be a good fit for both newbies and professionals and they also use all the trendy vocabulary. However, the real concern is the lack of social proof and the amount of ambiguity they showcase is unreal.
If you want to go down the rabbit hole and learn everything about Cyprusauction, then read this article till the end.
Cyprusauction Overview
Cyprusauction Trading Center boasts of building a platform that was brought together by leading people in the financial, blockchain and cyber security fields. Apparently, they want to cater to the needs of every type of trader across the spectrum and help them scale.
The definitions we find are vague and as the platform itself appears to be down, it is indeed hard to gather information that enhances the aspect of trust.
Security Framework
Without an ounce of doubt, security is a top priority for any firm that is in the financial realm. Cyprusauction claims to have top of the line safety protocols including multi-signature wallets, cold-hot wallet segregation and 2 FA(two factor authentication) set up.
On top of the bells and whistles, they apparently have a dedicated surveillance system to detect any potential irregularities that might happen on their platform.
Cyprusauction Regulatory Compliance
In the crypto world, one thing that is non-negotiable is the regulatory aspect. We spent hours trying to dig up the regulatory stance of Cyprusauction, but the search ended in vain. In simple words, we couldn’t find any verifiable information that suggests that they are regulated.
So, we suggest you approach them with caution and talk to your financial adviser before making a deposit to understand the risks involved.
Testimonies and User Feedback
Cyprusauction doesn’t seem to have a lot of social proof or presence. Apart from a handful of websites and Youtube channels, the majority of people in the crypto realm have never heard about their name. As the number of testimonials is slim to none, everything you find about them online should be taken with a grain of salt.
There is a lot of great software to enable any trading approach. So, choose the one with a great track record instead of going with an unfamiliar source. After all, trading and investing by itself is risky enough, right?
Cyprusauction Review Conclusion
Cyprusauction Trading Center appears to be a shady entity. From the founders to the star employees, finding background information about anyone connected to them is a challenge that speaks a lot about their reputation.
For obvious reasons, we encourage our readers to not proceed with them in any way. If you have lost money to Cyprusauction, file a complaint with us by clicking here. The USA authorities have issued a warning against this platform, you can read about it here.
