Company Information

Get to know Bitdharma

Bitdharma, operated by Dharma Labs, Inc., was a platform designed to simplify access to decentralized finance (DeFi). Its core product was the Dharma Smart Wallet, a user-friendly, non-custodial mobile wallet that allowed users to connect their US bank accounts to buy, sell, and exchange thousands of cryptocurrencies on the Polygon network with low fees. The company's mission was to make crypto and DeFi accessible to the mainstream user. In February 2022, Dharma Labs was acquired by the NFT marketplace OpenSea, and the Bitdharma/Dharma app and services were officially shut down on April 17, 2022.

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Crypto BrokerPRIMARY
Financial Other Service

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Bitdharma

United States

Founded in

2016 (10 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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Markets.com

(326 reviews)

United States

2008

(18 years)

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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.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.