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Nigeria
2021 (5 Years)
Last online: No recent activity
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This company is currently Unproved.
Please be cautious of the potential risks!
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know CoinForBarter
Company Information
Get to know CoinForBarter
CoinForBarter was a Nigerian fintech startup that provided a platform for merchants and businesses to accept payments in various cryptocurrencies. Its core mission was to bridge the gap between digital assets and traditional commerce in Africa by allowing businesses to receive cryptocurrency payments from customers globally and get settled in their local fiat currency, such as the Nigerian Naira. The company aimed to simplify crypto transactions for businesses unfamiliar with the technology. However, the company ceased operations in late 2021.
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